tv After the Bell FOX Business March 14, 2019 4:00pm-5:00pm EDT
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to 18. look toward a period the vix spikes you get a little downdraft. that is what i will be buying. [closing bell rings] liz: thank for letting us know how to stuff pockets of volatility in our portfolio. sandy, thank you very much. we have lot of earnings. "after the bell" will get those to you. melissa: nail-biter, stocks rocking back and forth between positive and negative territory today. the dow closing up nine points. look at that, just barely. all three major averages fighting for gains in the final moments of trading. i'm melissa francis. connell: i'm connell mcshane. welcome to "after the bell." first is this is what is new at this hour. veto threat, president trump vowing to use his executive power to the first time as the senate votes to end his emergency declaration at the border. we'll have the latest from the president on that. in the uk turmoil just drags on.
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lawmakers voting to delay brexit. we're breaking down the next steps for the united kingdom and what the outcome means for theresa may as leader there. extreme weather across the u.s. including a deadly "bomb cyclone." 70 million people in its path. it is not over yet. melissa: we have fox team business coverage. tracking today's stories. gerri willis on floor of new york stock exchange. jeff flock following latest developments on boeing from o'hare international airport in chicago. edward lawrence standing by at white house with the latest comments from president trump. gerri, start with you. reporter: markets ending flattish. don't tell the stock gods because tomorrow will be crazy because of a quad witch. today pretty quiet. the dow ending up 7.6%. s&p 500 up two. nasdaq is higher as well. a lot of movement in the dow intraday, some 130 points but looks like a snoozer when you
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look into the day's close. i want to talk about apple here. a bullish call by a morgan stanley analyst pumping up the shares by 1% today. apple gaining share in china smartphone market. that is big news for the company after they lost share in december. most significant supply chain cuts are behind us. that is what the analyst says. iphone sales estimates overshot on the downside. so interesting. meanwhile ge shares, higher here, up as much as 3%. general electric explaining more about its expect takes of weak cash flow and lower profits. reassuring investors that the bad news may be out. as you know ge forecast industrial operations will burn, get this, up to $2 billion more in cash than they generated in 2019. earnings targets for the year were brought down to a range of 50 to 60 cents per share. j&j down 1%. it is bad news about talcum powder. california jury awarding a
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plaintiff $29 million. she claimed j&j talcum powder gave her cancer. the company is denying it. says the allegations -- quickly, uber, ride-hailing company is planning to kick off its ipo in april. everybody is looking forward to that. they have got something on the calendar now. we'll be watching that. highly anticipated. back to you. connell: gerri willis thank you. jeff flock, the grounding of boeing 737 max 8 and max 9 jets. jeff? >> a lot of mess at the airports across the country, partly because of that "bomb cyclone." that is a lot of red and yellow out on the boards behind me. that means flights delayed or canceled but a lot is the result of the 737 groundings as well. passengers are concerned whether they have a flight or not if they were on a 737 max? look at one from twitter.
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i read it now to you. we are scheduled to fly in 24 hours, boeing legs on a 737 max plate, not shown flying. am i canceled. the answer is you may be or may not be. here is how american explains it. some flights not scheduled as a max may be scheduled as the team canceling flights that affect smallest number of passengers. they are canceling some flights to put on a aircraft put on 737 max formerly scheduled a flight. bottom line, when they say check with the carrier, please check with your carrier. talking to people out there with safety. anybody concerned about that, at this point the answer to that is no. take a listen. >> i feel like nowadays they do a pretty good job managing our safety so i feel pretty safe. >> i was told planes are safer with cars. we're going to roll with that
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one for today. reporter: i leave you with two quick things. one just to put this in perspective, we're talking about a small number of aircraft here. you look at the u.s. fleet. it is 7300 plus planes. the ones that are grounded, the 737 maxs, 72. do the math. less than a percent. lastly piece of breaking news from gary kelly, he is the ceo of southwest, he is defending the aircraft. here is what he said. we operated 40,000 flights covering 90,000 hours. we have a ton of data. we continuously monitor it. he says nothing has presented any flight safety concern for any of the flights that we have flown so far at southwest. they are deeply committed to the 73 i should point out. all the planes they fly are 737s. the maxs, they're the biggest customer. they're on board saying it's safe. connell. connell: good enough, jeff flock in chicago at o'hare for us. melissa.
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melissa: to discuss, kathleen banks, a aviation safety expert. what is your take on the situation and where we stand right now? >> well where we stand right now i'm very, very pleased the fleet has actually been grounded. i think that was the right thing to do, a little bit late but better late than never. across the world boeing is synonymous with the world for safety, united states is leader for safety. it was definitely time, for es of the world and faa and boeing to respond to ground the fleet. melissa: what do you think, obviously this impact as lot of airlines more so than others, less so in the u.s.? lyon air so much of the fleet is made up much these planes? what happens to them? do they get temporary replacement aircraft? they could be in a real crash crunch situation? what do you think happens? >> well they might have to switch scheduling around. certainly they might have to combine some flights, cancel others. there is other fleet aircraft that might be able to bring in.
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they might be able to bring other pilots, depending on what the union situation is. if they have something like that. we need to look at the fact lyon air was one of the fir airlines to say we'll voluntarily ground our fleet. i think that is because what they're looking at, is there something mechanically wrong with this mcas system been installed in all of the new 737 max models? i want to state that the 737 is a very tried, true, proven airplane. there are 10,000 of them out there on the market but this is a new variant. with this mcas system installed in a few hundred of these aircraft i think what lyon air is saying we think there is something wrong mechanically. that is why we're going to ground our fleet. melissa: do you see those aircraft flying again, the ones they have taken out of service? do you think enough can be done to fix them? or do you think those aircraft need to go out of commission permanently? >> it is interesting you bring that up because what i would want to say to boeing, why do we have to have the mcas system? what boeing has responded, well
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we have the system which you recall was secret system airlines were not informed of, pilots were not trained on. it is there because this jet is different than other 737s. it has much, much larger engines. to accommodate those engines they had to put them up higher on the wing and further forward. that affects something called the center of gravity or the balance of the jet. what they realize high angles of attack, high nose situations this airplane became unstable. so they put the system in there. what i would like to say to boeing, if you took the system out, does that mean the plane is unstable? speaking with i believe the leadership of what southwest airline says. i have spoken with 737 pilots from southwest and other carriers this week, what they said why they remain confident in their abilities to disconnect a runaway stablizer trim if the mcas system malfunctions they also ask what else don't woe know about the airplane. melissa: you would agree maybe
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these need to be taken out of condition permanently sounds like? >> no, no not permanent. but i am suspicious this software fix they're trying to get in april is going to do this because right now, this system has no redundancy. it gets its information from one censor. right now boeing has not assured us that will change. melissa: we have to run. we really appreciate your time. you have a lot of great information. kathleen banks, thank you. connell: also today, preparing to veto president trump, determined to uphold his national emergency declaration and try to build a border wall as the senate votes to block that motion. let's get to edward lawrence live at the white house with the latest on all this. edward? reporter: big day with the irish prime minister has been here. he is coming back in about an hour 1/2 to give the presentation to the shamrock bowl but the white house here focused on defections, republican defections that ended up passing that senate resolution, stripping the president of the power for the national declaration he made on
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the border. president tweeted veto. i'm looking to veto democrat inspired resolution which would open borders an increasing crime, drugs, human trafficking. the president says he is the one who is focused on board security. >> we're building a lot of wall. there are a lot of contracts let out tomorrow and next week for additional many, many miles of wall. we're going to have hundreds of miles of wall up fairly soon. reporter: now with the vote passing 12 republican senators defected. even though democrats tried to appeal to more. >> the president did not declare an emergency because there is one. he declared an emergency because he lost in congress and wants to get around it. reporter: this does not have enough votes it looks like to pass an override of the veto in the house and senate. president also talking trade with china. this is the fartherrest i've seen him to to say we're not as close to a deal as we thought.
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even hinting we may not have one. listen. >> the china talks are moving along. as to whether or not we'll strike a final deal that i would never want to say but they're moving along very well. reporter: the white house following the crashes with the boeing 737. the president himself saying hopes those planes get back in the air soon and boeing figures out what the problem is. back to you. connell: edward covering a lot of ground at white house. thank you. melissa: breaking news. hallmark cutting ties with lori laughlin following her involvement with a college admissions scandal, according to the associated press. in a statement obtained by the ap hallmark stopped development of all production involving laughlin, adding it was saddened by the allegations. we will have more on this story later in the hour. connell: no surprise there. her daughter is also involved with a number of products on social media. some of them starting to cut ties with her as well. shaking up the 2020 race, beto o'rourke officially getting in.
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already-crowded democratic field as former texas congressman takes his pitch to the battleground state of iowa to garner support there. a new poll suggesting he might be left behind. melissa: and your privacy exposed while driving. tesla's latest move to gather information. why it could be putting your personal data at risk. ♪ the unique challenges in that sector? coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. that's why i go beyond the numbers. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth.
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connell: we're back with some breaking news from facebook. the stock is declining in after-hours trading. big move here in terms of executives. guy by the name of chris cox, who is facebook's chief of product and been there a long time, confidante of mark zuckerberg, what have you, he's leaving. he's leaving facebook. this is the highest level departure we've seen there, follow as couple of years of crisis after crisis coming but the idea, you hear about mark zuckerberg, certainly sheryl sandberg, you have after them, chris cox, he is leaving the company, part of a big reorganization. we'll have more on it. stock is down 2% after-hours. melissa: tells you a lot what is going on there at facebook for sure. claiming the economy is in crisis, former texas congressman beto o'rourke announcing his 2020 bid in iowa. take a listen. >> i don't think there ever has been a greater moment in our lifetimes and for this country.
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the challenges have never been greater, more severe, or more critical, or more defining for the future. we got an economy in which too many people cannot participate. melissa: that was like a saturday night live skit ready to be played. here is vince coglianese from "the daily caller." thank you so much for joining us. >> good to be here, thank you. melissa: what did you think about the rollout, his chances, your impression, what are your thoughts? >> my impression he is sort of media christened candidate, he is the alexandria ocasio-cortez of the 2020 field. all the cameras are on him. they're already following him. he got blessing from people like ellen and obama and oprah. the upper elite saying beto is our guide. that is kind of odd place to be in, if they would throw their weight behind somebody, why would it be for the base, already lost a senate race and
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doesn't fit profile of the candidate they want to lead the ticket in 2020? melissa: to be fair, i was joking about the way he moves his hands, bending down from top of the table, of course the president seized on that right away. seems like something i am sure he will correct it or change it. i'm sure "saturday night live" will make fun of it first or they won't because they like him so that is a great question. although he did come very close to ted cruz in texas, even though losing is a feat because that should have been a race that wasn't even close. you give him a little credit for that. he does though, it is interesting, that president obama of all people really throwing his weight and david plouffe behind him. so some of those skills and expertise from his own campaign, when you have joe biden hinting that he is about to get in and that was president obama's vp. so isn't it surprising that president obama seems to be putting his weight behind this other person? >> i would be a little resentful
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if i was joe biden of that because joe biden, he sat out the last race, allowed enough space for hillary clinton to actually run and kept barack obama, the president from having to make difficult decisions who to back in that race. then this time around, you kind of expect, being the vice president for president obama, that he would get that support. president obama is sort of trying to have it both ways right now. he is withholding explicit support for anybody. the fact he met with beto after the guy lost a senate race, is big indicator, one joe biden should be resentful about. melissa: what do you think of all that influence means? you're talking about the tastemakers on the left there, it is just a gigantic field and they really seem to be looking to this guy as opposed to kamala harris for example, which checks a lot of different boxes, being from a huge state of california, being a woman, being very progressive which seems to be the taste of the party right now. why would you see beto o'rourke
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getting this support over someone like that or the other candidates? >> honestly the beto candidacy feels like one giant emotional journey. it feels like one giant spirit journey. he is doing it for himself. everyone makes fun of the fact, at least his critics he spent last couple months roaming the country, instagramming everything, basically keeping a diary. that emotional hopefulness is resonating at least some sections of the democratic party but he hasn't put a lot of meat on the bones. the very few policy positions he is taking has been insane of the idea a wall will kill someone is not something he wants to back in long term. he has been rather wishy-washy committing to things. he is trying to be all things to all people, that won't work. melissa: he said our existence was threatened in the near term because of global warming that is a pretty strong stance. i enjoyed going to the dentist with beto o'rourke. we'll hopefully get to do that
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too. >> that was horrible. melissa: very good stuff. connell: forgot about that. melissa: forgot about that, right? going to the dentist -- connell: this age of social media. we're moving on to talk about the weather because they're bracing for a more destruction. this historic "bomb cyclone," you heard jeff flock allude to it at top of the hour. tracking blizzards and high winds and the path coming up. finding common ground, the uk, the parliament there voting to postpone the brexit deadline. what happens now? we'll break that down next. ♪ thanks to you, we will. aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard!
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connell: brexit another day. british parliament voting today to delay the united kingdom's exit from the european union so what does that mean? well nobody really knows except for ashley webster. so we have him on the story what seems like decades. he joins us now from the newsroom. so, couple questions i want to ask next, tell what they did today first.
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ashley: turning into a monty python sketch. i'm expecting ministry of silly walks to vote on this. with they voted to delay brexit until june 30th. however that is predicated on the fact that they approve theresa may's divorce deal by march 20th, by next wednesday. if they do that, then they will have the extension to june 30th to put that plan in place but don't forget that plan has been embarrassingly defeated, heavily defeated twice already. connell: right. ashley: if they vote it down a third time, they will go back to the eu, ask for for an extension and till will be up to the eu to grant the extension and how long it will be. the prime minister is telling the parliament, if the eu decides we could be stuck in the eu for a year, two years, we don't know. in other words putting pressure on parliament to vote for her deal next week. connell: when i started to ask you what's next, what i'm most curious about in all of this, as you say, there could be delay or
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multiple delays. what is going to change? what are the things that could change, the variables that could change between now and whenever there is another vote or another vote? why push for the delays? what are they looking to change? >> i think by this stage, connell, they will have to push for a delay. even if they could get everything through next week they still need the extension in order to put all of the pieces in place. what this means is, that the prime minister, as i said, who is already tried twice to get a deal through, can she get anymore concessions out. eu? i would say no. connell: could she change? new prime minister, new members of parliament vote a different way? ashley: no. connell: not personnel, it is just content? ashley: content, exactly right. they will not change the prime minister at the late-stage of the game. if they get an extension there could be call for general election to bring in a new conservative leader. that could happen. the bottom line she doesn't really have control of her party.
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60% of her conservatives voted against her today, including the brexit secretary. how embarrassing? connell: embarassment after embarassment as you said many times. you want to do the impersonation of the speaker there? melissa: please. >> order. please sit down. order. connell: not bad. you could do better. ashley: i'll work on it. >> not loud enough. the nation -- you want to do yours? come on. order! i love that guy. melissa: nationwide scam. we have latest details on the college admission scheme rocking the country and when it means tore the celebrities and elite business leaders. try it again. connell: elite -- they need order. tesla why the ongoing dispute continues between elon musk and sec? what can we expect, what does it mean for the automaker going forward? melissa: facebook under criminal
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connell: back now to breaking news. fox confirmed the hallmark channel is dropping actress lori laughlin following the college admissions scandal we've all been covering. crown media network saying it is saddened about the allegations and stopped development of all productions which she is involved. meanwhile a class-action lawsuit is seeking five million dollars in damages over the scam. at least one participant is expressing remorse. fox news correspondent molly line in boston with the latest. reporter: uber test taker in middle of this whole scheme is expressing remorse. this is someone who would go in some places in place of students themselves to take the test. let me talk a little more just
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what we're learning how far parents went to insure their kids could get into some of these elite universities. one los angeles mom, jane buckingham, was asked about it scheme's mastermind to actually provide a a writing sample of her son's handwriting, so the test taker could try to emulate it, when he stood in and took the a.c.t. for bucking ham's son. she complied. gave a little snippet. good luck with this. buckingham received 35 out of possible 36 on act. he was there caught on video thedailymail.com. the law firm says he has been since put on leave. he allegedly paid $75,000 to have his daughter's a.c.t. test corrected after she completed it. 36-year-old mark rydell, he is facing conspiracy charges
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related to fraud and money laundering. he has denied. he wrote public apology, i am profoundly sorry for the damage i have done and grief i caused those for my needless actions. i understand how my actions contributed to a loss of trust in the college admissions process. a federal class-action lawsuit has also been filed naming confessed con man at center of this scheme, william singer, half dozen elite universities as well. two stanford students arguing in the suit that qualified college hopefuls who paid their admissions fees unaware that unqualified students were slipping through the backdoor of the admissions process, committing fraud, bribery, cheating dishonesty. connell: wow. molly line in boston for us. providing inside look at all of this. some analysis today, we're joined by dave roach. the athletic director at fordham university, my alma mater. also former ad in the ivy league
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at brown university. good to talk to you. i wanted to have you on to talk about process. especially when you were at brown, which is non-scholarship league when it comes to athletes, hoping you can explain to people how the process is supposed to work? in other words, does a soccer coach, volleyball coach, as case may be have number of slots they come to you as athletic director, somebody in admissions to help the students get in? how is it supposed to work? >> happy to explain it to you, for you connell. besides being ad at brown i coached at brown. connell: yep. >> i actually had experience dealing with admissions. i found that brown admissions office great to work with. but essentially what happens is, each head coach, each sport and great axe dem i can schools like the ivy league are given x-amount of spots of kids they would say to admissions, here is someone that could help my team
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and, like to support them. admissions would look at them, say, well, based on their act dem ibbs they could do the work here at our institution. they have so many applicants, there is always a big group of people who can all do the work, who are you going to actually decide to enroll? connell: right. >> you have x-amount of spots and you would hope that the coaches, they're all competitive. they want to have good programs. you use the spots for people that can really help the teams and be great students and great athletes at their institutions. connell: as you know, dave, they were not even players at all, like the soccer player talked about at yale. so as you learn about this, is there something in the system itself that you think needs to be changed so there are more checks and balances and if so, what would that be? >> i think the system works but it's the people who are part of the system. it is really sad commentary that any coach or individual would for their own personal gain
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sacrifice an admissions slot at a great institution and a spot on their team for their own benefit. it is like anything in life in athletics, you have to hire great people and you have to trust them. you hope they do the right thing, whether working with admissions or compliance rules, ncaa compliance rules or how they act as an individual when they coach their particular teams. so i think every school is probably going to now reexamine their checks and balances, reiterate what they do but it really comes down to people and how they exact. connell: is there question this is more widespread? from your experience had you heard about things like this happening or now confirmed? or isolated case with this guy singer as the middleman in california? >> i would hope that it is an isolated case and i was pretty shocked to hear it. you know, when i coached women's swimming at brown, as my wife says, i was so competitive,
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would probably never sell a slot for billions of dollars because i wanted great athletes that were great people to help the team. connell: that is good point. you're giving up player, hurting the team just for the money. that is a good point. >> really like anything. is someone going to be honest or cheat or do something for their own benefit? but i do think schools will really be reiterating with their coaches and admissions liaisons how they want to operate. it would be tough to say, okay, put 10 swimmers forward. to go in someone in admissions look at swimming team, times, verify whether they actually compete. there has to be trust. hopefully people trust each other. connell: good enough. dave. thank you for taking a few minutes. dave brown. dave roach, i should say used to be at ad ad brown and now at fordham. >> thank you, collen. melissa: breaking news. facebook shares down after hours departure of two top facebook
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executives, chris cox and chris daniels, vp of what's app. a new report is revealing the social media giant is under criminal investigation for data sharing practices. go to kristina partsinevelos with more. reporter: chris cox was a high level executive but according to mark zuckerberg in his blog post he said for years cox had been alluding to doing something else. we don't know why he stepped down but you have a lot of shifts going on. will cathcart who is the vp of product management, he is now going to leave whatsapp as well as head of videogames and monetizaton. you have a new person coming in as the head of facebook's app. that would be simone. all of these movements come when there is intense scrutiny on the company. "the new york times" reporting that a grand jury in new york has subpoenaed two smartphone makers at the moment we don't know which smartphone makers there. we don't know details of the subpoena but we are assuming a lot of it has to do with partnership facebook has with a lot of these tech companies and
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more user data, what is being shared with the companies without your consent. for example they could be sharing your personal information. they could be sharing contact info, facebook friends, any other data without your consent. this came about with the cambridge analytica scandal happened within the last two years or so that is still being investigated in california. the federal trade commission has to determine if they're going to impose a billion dollar fine on facebook. or could be millions. we don't know at this point. overall this cops as there was a massive in facebook within the past 24 hours. what's app, instagram, facebook down across the country and across the globe in certain areas. huge deal for the company. contributed to some of the loss you saw in the stock earlier today. back to you guys. melissa: kristina, thank you. connell: a lot going on at facebook. giving up the hours after-hours. now flat. another tech company is under fire today. china's huawei in new york courtroom charged with bank
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fraud, violating iran sanctions as well. we'll bring you to the courthouse on that particular story. then the wild weather -- melissa: look at this. connell: taking over parts of the nation. melissa: wow, that is so scary. connell: a truck tipping over. extremely strong winds. we'll show you more of the incredible video when we come back. ♪ to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪
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connell: more breaking news. this time on boeing. boeing pausing deliveries of its 737 max planes following the faa grounding that aircraft. spokesperson saying as much to reuters moments ago. boeing says its production rate remains 52 aircraft per month. boeing assessing how the pause in deliveries will impact production process. more to come. melissa. melissa: dangerous winds are sweeping through middle america with destructive weather striking the central u.s. and
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winds exceeding 70 miles an hour. a tractor-trailer, look at that, that is so terrifying, toppling over while driving down a highway in northern texas. the incident is just one of about 40 semi-trucks reportedly blown over, 40 of them in amarillo. connell: you can hear the guy reacting with the video. strong winds a "bomb cyclone" as deadly winter storm is slamming the rockies and central plains, packing blizzard conditions, in some cases 100 mile-an-hour winds. talk about it, fox news correspondent, alicia acuna live in denver and rick reichmuth in the weather center. alicia, start with you. reporter: hi, connell. colorado is under a state of emergency declared by the governor. the national guard is out, helping to dig out semis and cars still stranded from this "bomb cyclone" and take a look at this video. this is interstate 25 which runs north and south through the center of colorado.
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it is a parking lot in certain stretches, even right now. hundreds of drivers abandoned their vehicles to catch a rescue bus to a shelter. the blowing snow and zero visibility just too much to take. here is one example. this video taken by a police officer in a suburb north of denver. a colorado state patrolman died in these conditions. corporal daniel groves, hit by a car helping a driver who slid off the road. as for air travel, denver international airport spokesperson says more than 2,000 flights were canceled between yesterday and today. 96 mile-an-hour winds clocked at airport last night. all runways were closed last night. 5000 people spent the night at dia. denver's mayor says things are getting up and running. they're treating today like a thanksgiving or christmas holiday. crews are cleaning up downed power lines and trees like this 80-foot tall tree.
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>> this tree is 100 years old. it was our christmas tree. in the kitchen making soup. next thing know, kitchen goes very bright. i heard this big crash. we're sad to see it go but this is also colorado. reporter: this storm is moving east. sioux falls, south dakota is dealing with flooding right now. there are schools closed in wyoming and colorado. connell? connell: alicia acuna, thanks. melissa: now to rick reichmuth, fox news chief meteorologist live in the weather center. rick. >> what an incredible storm. you say "bomb cyclone," meteorlogically we say a storm is bombing out when the pressure drops rapidly, similar rapid intensification of tropical storm or hurricane. that is what we saw yesterday. the pressure is coming up a little bit. that is good news. you can see the center was coming out of colorado, right now the center of the storm crossing parts of wisconsin.
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the center where the worst of it is, winds on both sides of it. we have snow, severe weather, flooding with the storm. these are the current wind gusts. it is still gusting 62 miles an hour in north flat, nebraska. 61 miles an hour in louisville, kentucky, a line of storms on severe side is moving through. we have storms in panhandle of nebraska, flood warnings to east of that. this is how the storm plays out throughout the afternoon and evening. pulls toward the east. things get a lot better tomorrow. center of the storm goes up to canada. the front weaken as little bit. we have to get through tonight. with the severe weather we continue to watch, with a threat for additional tornadoes all the way through the evening hour. melissa. melissa: rick, thank you for that. connell: shifting gears, let's get to the huawei story. the chinese company is on defense pleading not guilty to u.s. charges in federal court today out in brooklyn. fox business's susan li is at
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the courthouse with more. susan? reporter: that's right. huawei pleading not guilty to 13-count federal indictment includes charges of wire fraud, bank fraud, possible evasion of iran sanctions conspiracy, obstruction of justice. they made the plea through their u.s. attorney at the brooklyn federal courthouse. this case against huawei is now adjourned until april the 4th. what we're talking about technical term, exclusion of time delay. basically to give huawei more time to prepare their defense what they're calling a complex case that requires internal discovery work. two important details to note in the case, we do have a not guilty plea put in by huawei, huawei usa two of the three companies part of the indictment. the third company is called skycom. they were unable to serve notice. whether or not this company still exists. part of the individuals, huawei cfo meng wanzhou, putting in
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plea, unable to respond, in vancouver for possible extradition to the u.s. and we'll see what her plea will be at that point. back to you guys. connell: susan li in new york. thank you, susan. melissa: more on tesla, if it is not facebook or tesla. gathering data as you drive, tesla gathering droves of information about its owners as the company gets ready to unveil the latest models just hours from now. we'll give you details on that other story next. ♪ in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. that's why we go beyond the numbers. (bird chirping) lots to do, hope you fuelled up. sure did.
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well, sort of. it has a cover on it but gary knows a lot about it. www.foxnews.com automotive editor. what we need to know but this particular suv? >> it is based on the model three. it has similar range and performance, similar models as well. we do not know what the cheapest one will be. it probably will not launch with the lowest price version which will be a little over $38,000. something more along the lines of $45,000 and up from there. aside from that we do not know a lot. we know it has -- >> is like 100 grand. >> but what it will have is a lot more room than the model three. a lot more cargo space. it is more of a small suv. i'm sure there will be some secrets and cool features that we will learn about tonight. the real question is when will you be able to buy it? >> right. >> probably middle of next year or late next year.
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but will they open up new order books tonight to let people put down deposits? that will be interesting because then next week when they have the deposits on it will be a big change. >> are trying to compete with more luxurious cars, right? on price by undercutting them. who do you think this -- if you are not going to buy this one, what kind of buyers are they going after? like a bmw x.3 or something like that? is that who they are going after? >> exactly.there are a lot of people coming from previous buyers and nonpremium brands. but on price and specification, really the luxury that they deliver it's the european brands, mercedes, bmw and of course the japanese import luxuries. >> it will be cheaper. it will be interesting we will see if it works. the other thing that has come up, this week they write about it, tesla is really becoming
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more and more known for how much data they gather. after this car will be another way of doing that. obviously is the business model to know as much about us as they can. especially i assume with it is autonomous driving.>> we are finding out that they are using us as test drivers.so instead of 100 they have 100,000 test drivers out there. they collect data and then they're able to use that to program their systems which they have these updatable systems in the cars and they can change and make it work better. it's also a way to connect with the owners as well. they can send messages. >> it brings up some privacy concerns. we'll talk about that later. we have to stop now because we have the most important story of the day. >> we have a very special introduction to the world, this is the newest member of the "after the bell" team peered out producer and her husband are welcoming in a baby girl to their family.
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mccartney owens born eight pounds eight ounces. i said they should have named her -- >> stop! >> what a beautiful picture congratulations, we love you, we miss you! so happy for you. >> "bulls & bears" starts right now. >> another democrat entering the 2020 democratic field. beto o'rourke is ready making way through some of his comments today. we will play them for you. this is "bulls & bears" thank you for joining us, i am david asman. generally take christina -- liz peek, jonathan honig and -- >> and willing to serve as a next president of the united states of america. this is a defining moment of truth for the country and every single one of us. >> former texas congressman already hitting the trail today in iowa following the announcement and wasting no
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