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tv   Bulls Bears  FOX Business  January 3, 2019 5:00pm-6:00pm EST

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connell: what a show. that was something. only ten seconds left - the three that does it for us. connell: now down 640-point. we will see you. david: breaking news president trump making a surprise appearance at the white house press briefing room moments ago pushing for portable funding is the new democrat congress takes over and going into 13th day of government shutdown. spirit. president trump: without a wall you cannot have border security. call it what you will but without a wall you cannot have border security. it won't work. you see what's been put out on social media for thousands of people arresting the border. having the drones fly overhead and no one knows much more about technology this type of technology than i do. having drones and various other
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forms of sensors they are all fine but they will not stop the problems that this country has. we never had more people wanting to come to the united states and it has to do with the economy and other things. we are doing great as a country. david: this is bold and bears. thank you for joining us. i'm david asman. the president is the pricing anywhere and it's the first time he's appeared in anyone. >> unusual. one of the things we expected everything from press secretary sarah sanders to talk about portable funding but it seemed the president was having a meeting and the oval office with border patrol agents and head of the unions related to the border talking about border issues. president said he had an idea why don't we go talk to the media. took the opportunity to bring agents out and give their side of the story but would like on the border. they need that border wall or
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some barrier between here and next go. it says the agents came out saying they need that barrier because it works in areas that do not have it and they saw flood of illegal immigrants and criminals come across the border and when the wall went up it had significant exponential is the word one agent used the amount of illegal crossings cut back. president making his case directly to america people after having this meeting in the oval office. interesting to see what happens. he's extended the invitation to the new leadership of the house and senate to come tomorrow to negotiate end of the shutdown and give the funding for border security. david: edward, stick with us. we bring in our panel. janine, cara, jonas and [inaudible] it is a busy day as well for nancy pelosi was reelected as house speaker but not all democrats agree with
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everything she is doing. there's a rift in the democratic party. reporter: not as big rift as he thought democrats would not vote for her but there was 15 people and eating total who said no to pelosi and suggested other names but there is a little bit of a backlash to have her step forward but the big question is will they go through with this rule packet. some of the changes and you can't do any business especially to try to rectify the shutdown if you don't discuss the package. david: well, this is a very interesting situation because i think this whole thing where they will say these rebels want to get rid of pig oh, i say them get rid of it. >> it means he cannot spend money unless you have revenue for it which is preposterous and never worked for. it's a show vote. the rebels are right to call
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them out or call her out but other things they will pass a lot of symbolic legislation where they will have medicare and reduce age to 60 or 55 and things like that but they think republicans will be put on the spot. the next day or two will be interesting when their publicans could come up with enticing counterproposals and think tax cuts and the like. david: christine, and jonas do you think the alexandria cortez, pelosi rift will be bigger than what's going on mitt romney and trump right now? >> yes, that matters. mitt romney and trump that's the conversation going back and forth in the fact that mitt romney spoke earlier and took a different tone in the try to be friends right now. the situation with the progressive you have california republican and cortez who don't agree with paygo.
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what paygo is saying you need to balance the budget in order to have economic growth. i can understand the argument that steve forbes is putting forward and if you look at the current situation over the past years under president trump the deficit that has increased under the government you can say paygo will not work because then we would not be the point where we are today. david: edward. >> in terms of bargaining chips for this law that the stalemate we're in right now what do you think is the biggest bargaining chip that the republicans and trump ultimately would give on to get a deal done if the democrats were willing to give something on the wall you back. >> number of ideas that imploded and talk about dhaka and security funding and talk about 2.6 billion something mike pence voted, 2.5 billion dollars so
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meeting somewhere in between. it will boil down to something related to that. a money coming down or daca immigration bill going forward. at this point the white house believes there on the side of the american people so more pressure on the democrats by coming out with public exposes like this where are the people on the ground saying exactly what is happening on the ground and showing those videos of the immigrants trying to cross the border white house believes they are on the side of the american people. in the end it will be a compromise. 2.5 billion, 3.6 billion if you go in between or a daca agreement. david: christine, the other thing that when some democrats complain about the wall being too extensive these are the same democrats often coming out with grandiose spending plans for this congress that we are in right now.
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hundreds of billions of dollars, if not trillions, look at cortez green new deal she will create all kinds of new entitlements that would cost trillions of dollars this year so how can they complain that a $5 billion global break the budget. >> good point but their argument is look at the government has been put forth as we've seen over the deficit so the problem is trump is at an impasse. what will you do right now? republicans will not accept the package and the democrats will not budge don't want to fund the small so can they put forth daca like edward mentioned and hardcourt republicans that i think are influencing the president in the past 24 hours and coulter put out a letter noticing she believes the president will cave. maybe edward can talk to that is he listening to those comments
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to? >> listing i think the president believes he's in the right and sees this as his opportunity and a line in the sand and been campaigning on building that wall to get the campaign rallies and even this year or end of last year build the wall and you hear it over and over again. something the president cannot back down on and drawn that line in the sand here. white house realizes that in the president realizes that which is the reason he has got republicans in the last congress to pass that package that included 5.6 billion. that bill is sitting in the senate doing nothing because it will not get to the 60 votes so again president sees this as a line in the sand and cannot back down from it. >> brilliant strategy. to call an audible and to bring the border patrol agents out into the press briefing room. it changes the narrative from
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trump wall to wall we need for america. that is a big shift that should affect and change - >> he would not have had the press conference with the border agent if you plan to cave on the deal. he is doubling down. >> exactly what we see. plus, this is something he was not planning on doing and we had no inclination it would happen and seemed as he came out i'm having discussion in the oval office and struck him let's bring them out. it humanizes this issue for those working on the wall. [inaudible conversations] david: that leads to an interesting question. how can the democrats back down now? based on the party they worry about primaries next year and go along with something with trump on the wall they face a primary and they don't want it. how much control is pelosi having over a focus? >> to point to that. paygo is trying to show there
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could be more fiscally responsible and to at this point maybe i can tell that by saying you had them talking and humanizing the situation would recommend but it shows as a desperate last poll for the president to come forward so this is a real issue. i don't know. look at from both angles. >> certain - in light of the murder of the california police officer by an illegal immigrant the motions of this are for the moment in the president favor, not to get favor in terms of border security. what do you think? >> i've heard several sources on capitol hill same from the republican side it will be a long shutdown so both sides are dug in. nancy pelosi did the interview this morning but it was on yesterday for the meeting with the president and the interview done before the meeting she said no, no, no more money for a
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border wall. they are dug in. >> when you get a shutdown fatigue for both sides say okay, we made our points so let's make a deal? two weeks or three weeks? >> polling numbers will show there already is pulling going on to see when they make people but which side the fatigue will happen on - oh gosh, build the wall already or that i can't believe they're holding up the government for a wall. david: gang, thank you. oh the irony. new york columnist - markets would never recover after trump won the election is now calling out steve were over his recent comments on the economy. steve himself will respond coming up. wait until you hear what he has to say about that. a big selloff on wall street, are renouncing area besides our economy is petering out? [knocking]
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david: another while they on wall street with stocks plunging more than 2%. now dropping 602-point an apple plummeting today and taking the rest of the markets with it after breaking news we brought you a site that the tech giant is flushing its revenue forecast for? in more than 15 years. add to that the weakest manufacturing report in two years and we are seen big warning signs that are strong economy is petering out? >> infection in and of itself is not a reason to think we will have a recession. it's down to lower levels and
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buys in 98 and went down and the stock market came back and 2011 we had the euro problem with the grease and was down and came back. could it continue to go down in a recession? yeah, but you don't know until it happens but not a reason to avoid stocks. the apple store is a bigger concern because of the nasdaq. the way the story is coming out it's a china thing. were winning the trade war and there into trouble and we push them over the edge and i were in a great negotiating position in our markets with a great it best case. the narrative coming out of apple does not sell well because the started when apple was we will not take out the phone sales anymore. that was suspicious and stocks go down and it's not been a billion-dollar company and now they can't sell thousand dollars
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phones in india and in china in america's next? is the thousand dollar phone concept a dying one? this is important. as a cash cow and a cheap stock but you know what - services is a height regulation business. you can't keep squeezing money out of the app business with government coming down. you can sell a $5,000 bone so it's a troubling time for apple and the whole ecosystem built around the success of these apple smartphone. >> going outside of apple apple's particular to that company and if you look at the information we are getting there's not a whole lot of new information. everyone knows that europe is going too slow and believes china is slowing. many of us agree trade poses headwinds especially the companies that build up inventories and at the end of the market cycle. it's not new information and i wouldn't say we have a flashing red light yet it's a yellow
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light and we should be cautious but it doesn't mean we can't get nice earnings growth. >> what we see unfolding with apple and other companies is the impact of trade. it starting to affect the chinese economy which affects apple. the idea we can isolate ourselves from the rest of the world is preposterous. we should have learned that in 1929, 1930. it's a skirmish but if we don't get some be done in march or april you will see a downturn in the market and by the way, you will see a deal or emerge but until does wall street will not take soothing words anymore as i used to say, where's the beef? have not seen it yet. >> excellent point. look at gm. they sell more cars in china with their local joint ventures than the united alone. american companies have some vested interest or a large portion of american countries have vested interest in china. weakness across the board with
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the apple story in a bigger story because like jonah said, manufacturing number was weaker in november but still not that bad and low inventory levels which is a good sign for a lot of these manufacturers but the concerning thing to me is will be see this big influx of buybacks going to the new year and outward in the new year but to me that's artificially inflating stock price of investors and so i'm wondering if apple will go down that rou route. david: will talk about apple in a moment but i want to get back to china. key is we wanted china to change its bad behavior and ripping off our technology for years and she they didn't do terrorists and that's hurting american companies and consumers by raising prices of goods. is there a way to china without hitting us? we got to hit them somehow so how do we do it without paris?
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>> eisai on the ip phone. they been focused on filing patents and i would be going from an ip standpoint insane we are not going to enforce any patents or intellectual property here in the united states and until you do the same. great way to address the core of the issue without having to deal with fallout of trade. >> and go to specific companies as we start to do. they do bad things like micron and you take them to court and buy them from the market and put sections on. a few months ago we could've destroyed a huge chinese company if we do not have access to certain point us comedies. we chose not to do so that you pick out couple of companies like that and knock banks out of the system by golly, that hurts and does not hurt us the way tariffs do.
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>> i don't think it's that simple. you talk ip. we clearly need to address that but i don't think it sensible to say will go after them for what they've done or how can we not done it thus far. it's been going on for decades. >> that is the question. now we are doing it. >> no one has put forth a proper solution to overcome the ip. not only ip theft but subsidies given to technology companies within china so they can stop feeling information from the united states and quickly is alice. we need better allies to go get china. >> no one has done anything because was one of the risk to your economy. at some point you got to be willing to do damage or don't enter a trade war because then you lose. >> will see how much damage as we get the december jobs will talk about that here coming tomorrow. coming up apple shocking investors with they blame china with the china slowdown specifically for lower sales
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david: apple ceo tim cook blaming china for slowing apple phone sales. is it the company's failure to innovate fast enough to blame? here with us his tech expert lance. what do you think? is it more than china not here? >> a lot of people talking about
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our iphones too expensive? the price starts at a thousand dollars and if you want the iphone x x-men. there is a similar devices even though inside the iphone x is a better device and more powerful than many of the phones out there with the android phones they all look the same and so much deeper than what iphone is offering and understandably apple's growth was outside the us. that's really where they point to quarter after quarter insane growth in china and other emerging markets and suddenly the rug got pulled under them. i read tim cook's note in one of the things jump out at me is they were caught offguard by the products that they were selling this quarter and they weren't ready on the spies inside. tim cook is a master of surprise
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demands delivering manufacturer and that his skill set. it sounded a little like they were caught flat footed and that so unlike apple. >> i don't know. once you build your campus in the state of the death star it seems like a bad omen to me. [laughter] if you think about apple's trajectory everybody knows being a device manufacturer there will be a slowing of that in the service side of the business is certainly the sexier, more sustainable side of the with a tremendous ecosystem they not leveraged. why do you think they been so slow to leverage this tremendous ecosystem and that service of business? >> if you read the letter you know services and it's been a [inaudible] it's been growing like crazy and nothing to keep a business turning and every single one of you has an iconic
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out the put more and more money into because you run out of space is a great business and they not done enough to bring service together and make a better deal to get more people under the umbrella but that will be a good story for them going forward. question is what will apple do to fill the gap out? as iphone sales and handset fails go down what is going to fill the gap? air pods? they are not expensive enough to fill the gap. they need something more. apple watch? stability and a done really well with that but the big question for me is what is coming next? what's the next big innovative product? david: lands, i'll put my eye but in all i ask you the question. a lot of tech analysts make mistakes with the company is where is the innovation. he lost steve jobs and was the next guy you can charge -
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microsoft is more valuable comedy and i would say one of the least innovative companies in history of tech. yet why? >> oh, come on. >> beside the service pro - i'll tell you why. they built a monopoly to businesses with the office and windows and operating systems. that the regulation free business. the company has gone way forever with the government because they're squeezing this building for thousands of installs and for excel files you can open until someone sends you a suspicion basis and apple built a luxury brand to the retail consumer and never became a monopoly and that finally as winds are taking people don't want thousand dollar funds and you see even though - now they are in a week place like microsoft. >> microsoft was left alone by the government. go back to 1999 - >> they copied apple with operating systems and get away with it. >> but - apple has been the
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cachet the first iphone with ten years with iphone rising incredible revenue and they need to have that again and do need the next big product. will it be a car or tv or something with ar glasses or apple studios with a peer content play i don't know but the pressure is now on apple and in 2,019 to show at the end in one of these areas. even if is ready to deliver and they have to fight people and the other products will grow to fine but they've got to fill the gap that will grow bigger as the iphone starts to turn down. david: tim cook has been known as a guy to make the trains run but not the guy a great the trains in the first place. do they have anyone in their hand? sound like they've just been making improvements on the stuff they have but let's get real. television has been around for
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decades with watches, hundreds of years with you can schmaltz them up but that's not a breakthrough like an ipad or an iphone taking an old gadget and taking a great week forward. there is not the creation that you have under steve jobs for you had intense creativity. i don't see that in apple today. >> first of all, keep in mind the iphone is not the first phone phone carried trumpet feature phones basically said we don't need funds of the full touchscreen. took an idea and revolutionized and turned it around a quarter and did the same thing with mp3 players. with the watch and we say watches have been around forever but that market was dying and people stopped wearing watches because they were caring their phones. now we have watches like the
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best so much the world and that's a product that did not work came after steve jobs and found the team that tim cook has built. it will not tonight tim cook is not a product visionary like steve jobs. i don't see that but there are people within apple who are in all working on new fresh products that will excite peop people. >> to your point about the watches your scene overall sales of watches are down. apple is dominating in that sense and i don't see air pods will go anywhere but focus should be on how they will monetize by the technology with the vehicle and all the interconnectivity but that's a major opportunity and the pressure will be on service business and intro. in regards to the investor world you got a company right now with the stocks plummeting taking down a lot of suppliers as well and do you hold on to the stock heading into earnings? especially the fact they have $130 billion cash on hand according to cook so i would say
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he may use the money for buying back and inflating price and evidence what's your thought on that? >> he wants to become cash negative and get rid of the cash and put it into the business by other businesses and i've often said i never bet against apple. but i'm also not an investor and don't have investment on any tech companies because of what you been doing over the years and talking to tech companies and try not to advise people on whether to buy stocks but it will say if you look at apple look at the history is not a company you bet against. this is an unusual thing that happened and the% they've had a correction in 15 years but top of it they talk about billions of dollars they had earned this quarter. billions. not millions. billions. it's a strong company and a good business and i feel like personally this is a blip. david: lands, great to see you.
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appreciate it. coming up, new york times calling out steve moore for his comments on the economy saying steve is wrong. can you believe it? after the major election i wonder what the state have to say about this? we asked him coming next. as a fitness junkie, i customize everything - bike, wheels, saddle. that's why i switched to liberty mutual. they customized my insurance, so i only pay for what i need. i insured my car, and my bike. my calves are custom too, but i can't insure those... which is a crying shame. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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david: new york times columnist
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is calling out cnn for booking economist even more claiming steve's been quote, caught many times making factual errors. he blasted cnn for laboring more as a top economist. got to remember when he wrote this on the initial election night fell off after trump elected president of the question is when markets will recover a first pass answer is never. well, they - we reached out for comments and his criticism but he is not spotted to us. let's bring in economist and co-author on trump economics, steve moore. it's a badge of honor, isn't it to be dissed by someone who got it so wrong? >> it sort of this. paul is still sore to me because we debated on las vegas in 3,000 people at freedom best a couple years ago and i cleaned his clock. i don't think he's forgiven me
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for that but krugman has run connections he is made that is life and the guy has a nobel prize in economics which tells you about the [inaudible] you predicted literally moments before the stock market went up next to the point in the stock market would never recover he said trump would cause great depression and we have a booming economy for the last two years and go back to the 80s he was the one economist remember inflation file under paul volcker and reagan in the early '80s he was one who said it's a temporary blip and will see a continued rise in inflation and low inflation ever since. the most important thing is he was calling me out a liar because i said we have deflation in the economy right now and i want to stick by that. if you look at what happened to commodity prices over the last six months they have fallen precipitously, not just gold, silver, copper, metals, food,
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soybeans, everything is falling and that's a sign of deflation and it's by the fed is wrecking the economy. david: just got to put one point. gold is up. gold has been up significantly just as a hedge for an emergency. >> but over the year it is down. i looked at the cob numbers and down over the - >> steve, things are anchoring the potential inflation but where do you stand on the economy? do you think we have a strong economy right now or do you think we have a broken economy bring up? >> to overhangs on the economy. they are holding back growth and big problems. one is the fed is reckless and the fed should be cutting interest rates and not raising them. there's a big demand for dollars right now with the american economy has been the id a deal
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of the world and be in the fed is pulling back on liquidity. second thing is the trade situation with china. i happen to agree with trump now is a good time to - china is out of control and an enemy of the united states. until that trade dispute between the two largest economies get settled and i think there's a decent chance it will get settled in 2019 i thank you will continue to see a jittery stock market. >> i like to get to krugman's back and i will say the articles he lets his political feelings sway his economic analysis which a lot of investors do and make mistakes and say not investment during the obama years but to the specific deflation has been nitpicky about technically commodities are not inflation and maybe a leading indicator but bust you on the cpi not going down but more the question because what i read during the whole of our beers but we were under doing stimulus and being too worried about inflation
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which you seem to be worried about now. my question is and this is your worried about the fed causing too much inflation and why you both. or am i wrong in either one will. >> good point. i do think best measure inflation what i advocate is the fed to fire their 600 economist and keep the crv economy and but does that over time in real time you need a fed and have a stable dollar in stable currency that is means of exchange and i don't think anyone better than that policy out there. you are right. i did predict inflation in the early obama years and what happened was the fed was flushing the economy with dollars people did not want and literally stuffing the dollars under their mattress. now you got opposite situation with the fed pulling back on dollars with the time limit
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world economy lifestyle and that's why you're getting a stronger dollar and deflation in asset prices that's counterintuitive and counterproductive. in the 1930s and were not there but investors should not forget that the 1930s was a. of severe deflation in the economy. >> deflation is the thing economist it were about the mo most. >> we don't need either. we need a stable dollar. >> steve, you are mentioned you were trying not to mention his relationship with enron back in the day. >> a lot of dirt back on the guy. >> be enron part is useless argument so good thing he did not mention it. you did and it's on our website as well. he said i don't see anything to slow down alluding to the economy and i mentioned two points with training and interest rates.
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we've had two variables which could affect growth but i don't know where you can attribute that growth. some democrats may say it has to do with the past or obama and i heard him say that in it a rally in florida. look at short-term growth. at what expense for long-term growth connect with get deficit where it is and consumer debt numbers we saw for october, corporate debt numbers and a mentioned government that and it does that not play a factor into all of this? >> steve, is to mention the best antidote to deficits is economic growth. >> you got that right. i learned that from you as well. that was what larry kudlow always told donald trump to grow the economy and other problems like opposite - by the way, gdp has been stabilized on the truck not because we control spending because the ground the economy. look, i want steve forbes who i just love - steve, do you agree
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that were in a deflationary environment right now when you look at what happening with the price of the commodities? we defined what the fed did before christmas? >> that should - you mentioned commodity standard and you're trying to get around the fact you're advocating the gold standard. >> i knew you would say that. >> the only difference you and i have, steve, i like using a basket of commodities. >> why not use the best one of them all? >> that's when the deflation w was. >> that is myth. david: steve, thank you for coming in. best of luck to you. happy new year. trouble for tesla as tax rebates are now being phased out. can electric cars survive without taxpayer subsidies?
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comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast.
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david: tesla facing new troubles into the new year as federal tax subsidies are getting slashed and phased out. can tesla and the electric car industry survive without these subsidies? >> scary news when they had to lower price to adjust for the fact that the tax credits going away because it shows you even after years of development since the previous it's not cost-effective and does not make economic sense to buy a cheap electric hybrid car site uber drivers don't try them. they drive all day in traffic. however, tesla is impressive in the luxury market. competing against bmw and doing well. they make a car that in the eco- luxury limping i can afford to buy house and i care about
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debarment but i want to go zero-60 in 60 seconds. they don't need a subsidy. it's more a bragging person. the $30,000 tesla vehicle is five or ten years away and hope they make it so that. >> tesla is still a toy for the rich and until they make the great breakthrough on battery technology it will not be a major auto company without subsidies. the fact of the matter is we're not gone forward and in some breakthroughs but not the big ones you don't have to use coal-fired plants to rev up your clean car. >> to steve's point is lack of infrastructure across the united states when it comes to electric cars. with tesla everyone concerned about price cuts with the 2,000 of vehicle but if you look at probability or margins they are improving the plants and reduced labor by 30% on the model three so that could be an improvement and doubled deliveries in fiscal
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2018 versus 2017 so there is a market and i agree stick to rich. , tesla driver which i'm not i want to go around like this is my car. my photographer i just talked to him and he said he can't afford it even with the base model supposed to be $35,000. i've not seen it. >> adding to that, by video last week without a man in a gas station trying to put gas into her tesla while two guys laughed and it just goes to show the masses don't understand the product and the fan boys and then girls at the luxury site get it but transitioning to the masses is something that hasn't happened. >> the masses did it because additional cars work better. >> henry ford did the opposite. did a cheap car and tesla's done the opposite and i'm not one 100% sure that works or will solve the energy. >> chevy volt was mostly electric car for the masses and lost $9,000 a car and this was when there were subsidies.
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we should mention j.p. morgan says stock could drop 27% because of the softening demand out there. market does not seem to be the there. >> general motors went bankrupt and they're not as cool as tesla. tesla is a cool brand. apple did not lower prices to get where they are today. it's a bad sign. >> tesla has become careful that it does not become a car if bought it you don't know how to handle your money. >> lastly, elon musk - >> you making a statement about how bad you are with your money. david: go ahead. >> elon musk is running himself too thin. think of operations and businesses and trouble in the fact that larry ellison has joined his german, they will rate him and. david: showdown continues with the budget battle may affect your wallet will tell you how coming next. with rheumatoid ar. because there are options.
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like an "unjection™". xeljanz xr. a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well enough. xeljanz xr can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, .. your doctor should perform blood tests before and while taking xeljanz xr, and monitor certain liver tests. tell your doctor if you've been somewhere fungal infections are common and if you have had tb, hepatitis b or c, or are prone to infections. needles. fine for some things. but for you, one pill a day may provide symptom relief. ask your doctor about xeljanz xr. an "unjection™".
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comcast business built the nation's largest gig-speed network. then went beyond.
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beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. david: as we approach the two-week mark of the government shutdown with no sign of a deal in sight, taxpayers could start feeling the impact. the irs is not going to be able to send out tax refunds a lot of us depend on, but they will still be collecting your taxes. will this be the issue that will motivate congress to make a
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deal? >> two younger people made a joke by the saying maybe i won't file my taxes saying we won't get the refound so what's the point. according to some stats we are seeing, it's expected to be bigger compared to 2018. a lot of people who file early, get the refunds and pay back their debt. >> the real crunch will be when you get shutdown fatigue. that will be a way for both sides to get out of it. but first you have to go through the toda dance. and trump will get his wall. >> know refound?
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this is worse than the poop piling up in yosemite. i'm not running for office. i don't understand why their budget isn't as holy as the fbi other cia. that's like closing the bar early. you come into the government revenue. it's the most of preposterous way to do anything. the last budget to be cut should be the irs. >> it's a symbol of how government is so messed up they can't even manage the agency that deals with the revenue. this is all political theater. it's a scare tactic. >> it's a unique day when the government can't give away money. >> there will be opportunities lost and people use those refund
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to tbien the economy. and for most of of us, i know it's crazy. the irs has been holding your money. a lot of people sight as found money. i will go out and spend it. >> i'm going into vest in a budget. but that was bad advice because they are understaffed. you will know they are having some budget cuts at the high end. you can get a little more aggressive with your deductions. but do not file and go down the path of red fog. that's not going to end well for anybody. david: speaker pelosi is about to hold a press conference. in just about an hour from now. fox business will be covering
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that live for you. we just heard from the president himself responding to this fight over the border wall. thank you so much for joining us today. we'll see you back here tomorrow. [♪] president trump: we never had more people want to go come to the united states. and that has to do with the economy and a lot of other things. we are doing great as a country. but the better we do the more people want to come in. liz: president trump playing hardball offense. congratulating the new speaker of the house nancy pelosi vowing to protect the border with a wall standing side by side with border patrol. we have the breaking news on that. apple hitting a 6-year low.

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