tv After the Bell FOX Business April 5, 2019 4:00pm-5:00pm EDT
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[closing bell rings] liz: forces loyal to libyan government have retaken it. the vix falling to a six-month low. have a great weekend. melissa: the dow, nasdaq, closing at new 2019 record highs. all three major averages ending the day and the week in the green. on the u.s. china trade optimism and strong march jobs report. the dow extending gains for the third day in a row. right now president trump is on the ground in california hosting a roundtable with border security officials before heading to tour a new section of the border wall with mexico. we are monitoring the president's comments. we will bring you any breaking headlines. there are sure to be some no doubt. i'm melissa francis. connell: glad to be with you. i'm connell mcshane. this is "after the bell." look at s&p 500, it is up for
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the 7th session in a row. melissa: there we go. connell: we found it. up 13. longest winning streak for the s&p in 18 months. nasdaq ending the week and the day on a high note in the green. all three major averages ending on a high note for the second week in a row. we have fox team coverage. blake burman at white house. gerri willis on the floor of the new york stock exchange. edward lawrence on the trade beat in d.c. but at the border start with blake. reporter: we'll take pictures live with president trump now currently in the border patrol station in calexico, california, 100 miles east of san diego and miles north of the southern border. he will check out the new border wall, border steel slats, however you however you want to call it. a roundtable as the president continues to make needed case for continued border security.
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>> this is an absolute emergency. i see some of our biggest opponents over the last two days said you know what, it is really an emergency. they can't believe what is happening. reporter: the president also clarified his stance earlier today as it relates to the southern bored he saying he likes the changes that mexico has made at its southern border and in the recent handful of days but he says if those efforts slip then auto tariffs could be coming. >> i never changed my mind at all. i may shut it down at some point but i would rather do tariffs. mexico i have to say has been very, very good, you know that over the last four days since i talked about shutting down the border. if they continue that everything will be fine. reporter: the president also said as it relates to the flow of drugs coming across the u.s.-mexico border he says there could be as he puts it an economic penalty for mexico.
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connell, melissa back to you. connell: blake burman at white house. melissa: the chinese delegation is heading home. edward lawrence in washington with the latest on this one. edward, how did it go? reporter: melissa the talks concluded for the day and this round. the chinese delegation are on their way back to china, getting ready to go there. there was a marathon 4 hours 45 minutes session. both sides worked through lunch and worked on breakthroughs that they made last week according to economic advisor larry kudlow. he said the talks have gone farther than they ever have before. >> we have a great deal with china, a deal that benefits, farmers and workers and hopefully that deal will benefit china. that deal has to be enforceable t has to cover all the areas that are under discussion. reporter: still positive signs as the talks wrapped up. treasury secretary steve mnuchin all smiles as he left the u.s.
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trade representative's this afternoon. he has been working with u.s. trade representative robert lighthizer, the last mile of the deal surround tariffs. the chinese want them to be gone forever. the u.s. wants to use tariffs to enforce the agreement and that they follow through. the president is optimistic. >> i don't want to predict a deal or not a deal but we're well along. we negotiated the two hardest points very successfully for our country. chinas. china has taken advantage of our country for their years. and we want do that anymore, not with me. reporter: the chinese vice premier in the state-run newspaper says they have a quote, new consensus on such important issues as the text of the trade agreement. president trump says he will know if we can have a deal with the chinese within the next four weeks. melissa: we can only have a deal if i can have the umbrella. that is the most awesome
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umbrella i have ever seen. edward, thank you. that was amazing. connell: on this breaking news we have our panel assembled. veronica dagher here from the "wall street journal" she is also the author after new "wall street journal" ebook, called resilience. that is pretty cool. lanhee chen from hoover institution. research fellow. let me start with you. we're told over and over we're almost there, to edward's point more signs of this. we thought the chinese negotiators would stay for the weekend. now they're heading home after the marathon session today. do we read anything into that that it is just about finished what do you think? >> i think we are close. i think the challenge what remains is actually quite difficult. an enforcement mechanism, for example, that is something talked about repeated i. the president went right up to the cusp saying they had a deal and didn't go there, right? we know we have really sticky issues left. we should be optimistic. a deal augers to the benefit of
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chinese and americans. there is huge incentive on both sides to get this done. connell: in our own economy, things look pretty good. we could argue we have more time. the chinese economy is slowing. data is mixed there. what do you make of the timetable, who needs this deal now more than the other? >> that is a good question. i think everybody want this is deal done. i think that is the overhanging thing on that market. we had a muted reaction to the jobs report today because i think the driving action in this market, everything, all the investors want to know about what is going to happen with china. i think as soon as that gets settled, that is good news for our economy, the chinese economy, the world economy and of course the market. the market priced this in getting a deal done on some level. i think we could still see a bump if we get terms the market likes. melissa: all right. bouncing back the economy adding 196,000 new jobs in march, topping expectations while the unemployment rate remains steady
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at 3.8%. gerri willis with all the details. gerri? reporter: this is only thing people could talk about on the floor of the exchange where i am is the jobs report. it came in super good. that is a technical phrase. 196,000 jobs added. expectation, 180,000. but the real number in the back of minds of traders down here was 20,000. that was a number for february, jobs added in that month. traders felt that was too bad to be true, right? they were proven right with this month, with march's numbers. february was revised up only to 33,000. now lots of high expectations now for the economy. seems like we managed to dodge a bullet but the president had a different take. here is the president. >> i think the fed should drop rates. i think they really slowed us down. there is no inflation. i would say in terms of quantitative tightening it should actually now be quantitative easing.
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very little if any inflation. i think they should drop rates and they should get rid of rock. reporter: the president's comments surprisingly didn't have a big impact on the market but everybody was listening believe me. melissa, back to you. melissa: gerri, thank you so much. veronica and lanhee are back. what do you think, lanhee? >> i think it was a very good number. it demonstrates a certain measure of resiliency in the economy. what you see employers are still feeling very good about where things are headed. now i do think there is some pressure going forward to get some of this trade stuff resolved. the president certainly has a task ahead getting u.s., mexico, canada trade agreement across the finish line by the summer. aside from those things, i think what is clear the labor market is strong, demand is still very strong. talk of recession i think is way overblown. melissa: yeah.
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veronica he mentioned resilience of the name of your new ebook, i don't say that because i am in it because i am and everybody should read it. the economy is looking very resilient at this point. what do you think of folks predict recession or slowdown and somewhere here is a hint of it? >> you look at this jobs report and it is very positive. i think it allays a lot of fears of recession at least for the near term. it is also really good news for consumers, right? if you look deeper into this jobs report, the wage growth is stronger. it is also stronger than the inflation numbers. so the at end of the day the consumer has more money to spend, more money to take home, not to mention businesses, yes, they're paying more in wages but not so much more that it hurts their bottom lines. so some good news all around. thank you for being in the book. melissa: there you go. guys, thank you. have a great weekend. connell: we do have breaking news. it just came in. this is on boeing.
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boeing it turns out is going to cut the 737 max production by almost 1/5 over the next several weeks. it is working towards updating the software. the company says it will work directly with suppliers on their production plans in order to minimize operational disruption and financial impact of the production rate change. cutting production. the stock is down slightly here in after-hours trading. melissa: hmmm. former vice president extremelyo announcing a presidential bid, saying he is putting everything together, quote, unquote. hinting at a potential timeline, ari fleischer, former white house press secretary responds to that. connell: another presidential contender, former ceo howard schultz, sending a warning to democrats. why he is saying president trump would win against one of their candidates. steve forbes, forbes media chairman joins us with his take. melissa: president trumps visiting the southern border in
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connell: follow up on the breaking news we brought you about boeing. the company will indeed cut its 737 max production by almost 1/5. this is over next several weeks. the stock is down. the ceo says they're taking time necessary to get the software upgrade correct and to prevent those fatal crashes we're reporting on from happening ever again. ceo dennis muilenburg going on says the company has the responsibility to eliminate the risk. they know how to do it. the stock down 1.3% in after-hours. melissa: president trump with border security officials in calexico, california, right now. here is what the president had to say moments ago. >> it's a colossal surge. it is overwhelming our immigration system and we can't let that happen. so as i say, this is our new statement, the system is full. can't take you anymore, whether it is asylum, whether it is
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anything you want, it is illegal immigration, can't take you anymore. we can't take you. our country is full. our area is full. the sector is full. can't take you anymore, i'm sorry. melissa: later this hour president trump will tour a section of the border wall. joining us now, mike fisher, former border patrol chief. that is a really stark way to paint what is going on. i talked to number of people this week, when kirstjen nielsen says it's a cat-5 disaster, that you know, the system is on fire, how do you say that in terms that people understand? what does that look like? you heard what the president just said. what do you think? >> i happen to agree with the president. as a matter of fact it is hard for people to believe when you just listen to numbers but having been on the border, having gone through periods of surges, the last one the summer of 2014, talking with border patrol agents recently the numbers, it is overwhelming, not
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just to the system but to the border patrol agents and infrastructure is not available to handle thousands and thousands of people every day with no place to put them. melissa: what do you say to people who say, you know, maybe some of those people are coming for the wrong reason but a lot of them are desperate, hungry, and they are small children, coming from central america. they're willing to risk their lives because where they are is so bad and it is heartless to turn them away. what do you say? >> i completely understand that position being a father myself and, having a family. it is it is terrible but this country has laws and part of the requirement for the border patrol in particular to enforce those laws. right now the laws are being exploited due to loopholes. smuggling organizations are making millions of dollars exploiting the system. quite frankly our country cannot support millions and millions of people just illegally coming into this country. melissa: i mean obviously i think everybody relieses at this point the whole entire thing needs to change.
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we need a legal immigration system to change. we need congress to write new laws. we need more wall, everything going on south of the border, all the countries south of the border. if you had to name three priorities right now of things that would help, what are the first three things you would do if you were in charge? >> first and foremost to continue press congress to change the laws. if they change the laws and loopholes the surge will stop. build units to house family units. immediately adjudication in the court cases fly them back to the country where they came. the first time a plane that will land with people haven't been released back to countries of origin, the flow is going to stop. melissa: that had been the policy in the past, right? people have been flown back. did that have an impact? >> had immediate impact. i remember case in particular where we were seeing influx of brazilians at the time. the current administration at the time did exactly that.
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we held them. we did not release them. they were immediately repatriated back to the country when an immigration judge adjudicated their case. the flow stopped. melissa: mike fisher, thank you for coming on. we appreciate your time. >> thank you. connell: we'll have more on the president's trip to the border as we continue. steve forbes coming in, forbes media chairman on the possible economic impact, the best way to handle the whole thing. former vice president joe biden making his first public appearance following multiple accusations of inappropriate behavior, biden making jokes about that in that appearance. how will it all impact the potential 2020 run? >> i think when americans hear from joe biden, what they hear is heart and integrity and seriousness, concern about our country and concern about our future. you so good at this? had a coach in high school. really helped me up my game.
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just put out a letter, i believe, pushing back on the house democrats request for the president's tax returns. get back to blake burman with the latest on this. what is the attorney saying, blake? reporter: the attorney is william consvoy, a december based attorney. let me back up. he has been retained as the president's attorney to deal with the democrats request for the president to hand over his personal tax returns. a four-page letter has been sent, dated april 5th, which would make that today, to the general counsel of the u.s. treasury department, also cc'd on that letter is the treasury secretary steve mnuchin, irs commissioner as well. this essentially builds the case, at least from the president's legal team as to how they will try to fight having the president's tax returns be released. not to get too granular here, 6103 of the irs tax code says that the chair of the house ways and means committee is able to
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request a, anyone's returns. that is the way that the democrats are going at it. as it relates to this letter that has been sent, one of the arguments that's, that he is making, quote, while the section allows ways and means to obtain tax returns and return information uncertain conclusions the committee's authority is subject to important constraints. those constraints quote, extend to the ordinary taxpayer and the president alike. it stars to build the argument there needs to be quote, legitimate legislative purposes for a request of a tax return. essentially it says what democrats are involved in is a political kirk discuss. we expected a -- circus. we expected a legal fight and on it goes, the president said speak to my lawyer. melissa: joe biden making his first public appearance since multiple women have come forward
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expressing concerns about his behavior. we have more. reporter: joe biden wasted no time addressing the matter before a large crowd. the moment he tooked stage, biden greeted president of international brotherhood of electrical workers with a hug. [cheers and applause] ♪ >> i had permission to hug lonnie. i stand all wrong -- reporter: that was biden greeting some of the people on stage who were in the audience. the former vice president was in friendly territory, melissa. he has been speaking in front of unions for decades. he spent the majority of the speech talking about where he would like to see america in the future. after the speech in a gab gel with reporters, biden was asking about possibly more women coming forward. take a listen. >> i wouldn't be surprised. i had hundreds and hundreds of
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people contact me and, who i don't know, you know, say the exact opposite. it is important that i and everyone else is aware that any woman or man, who feels uncomfortable should have the right to say, hey, i was uncomfortable with that. reporter: asked if he will apologize directly to the women who have come forward? >> i'm sorry i didn't understand more. i'm not sorry for any of my intentions. i'm not sorry for anything that i have ever done. i have never been disrespectful intentionally to a man or a woman. not the reputation i had in high school for god's sakes. reporter: will joe biden run for president? he plans to make a decision soon. he is is taking his time, looking like he wanted to say something about a campaign, wouldn't elaborate as he walked away with a smile. melissa. melissa: yeah. i don't think to need hear more
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about his high school, david. thank you. connell: certainly sounds like he is is running. we'll's talk a little more about it, civic forum pac chairman, republican strategist, ford o'connell. new heights communication president, democratic strategist, chris at this setzer. the first thing the way david went to the former vice president handled things today, made a couple jokes. do you think that was the right move? >> no, i don't. he does need to show that he takes this issue serious. he does not need to go on to a full on apology tour. he needs to show it is not a joke. even few months from now it would be too soon for joe biden to be cracking jokes. particularly right now this is very fresh. there is sensitive way he needs to handle this. nobody is saying there was negative intent. they're just saying maybe you need to sort of revisit the way you've been doing these things. you need to show you have grown
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from it, times have changed. i'm, i think he is doing a good job basically in striking that balance but then when you go ahead and make a joke about it, maybe that shows you have a little bit more to learn. connell: i could say that. the argument to your point hasn't been about intent, how things are received. ford, do you agree essentially what christie is saying? more to the point of politics, do you think any democratic candidates those running in the primary will pounce on this the fact he made jokes? >> i don't think he will apologize, the woke of the democratic base will demand one at every turn. should biden get past the allegations he will spend more time battlhe past, past statements, past positions than he will the rest of the democratic field. we're talking about anita hill. vote for iraq war, the 1994 crime bill. these allegations of inappropriate behavior are one of the worst kept secrets in washington. the reason we're discussing this, he leading democratic
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field in the poll and appeals to black voters and essentially labor here. this is hit job and pylon from within the democratic party because they know joe biden is real threat to win the nomination. connell: the numbers show he is still a threat, right, christie? >> yes. connell: all the things said, ford brought up in addition to allegations of inappropriate behavior in the political past, when you look at race shaping up early on, still the best bet versus the president? >> he is certainly formidable. if you look at any polling, still at the top of the field. he is i would say the only, you know, probably person in the democratic field right now who has as much dominance as he does on the global stage as well as the national one. so he brings a ton to the table of course. what remains to be seen is how well he is going to do once he actually announces. how well does he run the campaign? frankly in the past he hasn't done great with that. connell: not by himself. >> not by himself. connell: will his first day be
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his best day everybody is asking? >> absolutely. connell: a poll out from rbc capital markets. we look at it because i guess it mentions markets. it is kind of interesting. number one, 70% of the insiders on wall street think the president will win re-election. doesn't mean they're right. that is how they see it. when they look at democrats by far the biden is best bet. most market friendly. no sure is prize, liz warren, bernie sanders would be the worst. do you look at him, republican asala jet moderate? is joe biden a moderate? >> let me say trump is the favorite to win re-election. i don't think joe biden is the most economically friendly. he is the least economically destructive of the democratic field, essentially they're pushing socialism, redistribution, free stuff, consequences be damned that is what they're selling to the base. that will not help them. connell: might in the primary. christie, weigh in on that before we wrap this up. going that way in a primary sometimes helps but to ford's
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point, general election you have a lot more moderates looking at this. maybe they want a more centrist candidate. maybe that candidate is still joe biden? >> truth is right now joe biden seems to be okay paying the lane, he may be only one who is occupying this lane sort of republican friend's favorite democrat, right? sort of lane john kasich is occupied during the 2016 campaign. so what that means is that he going to get the benefit of the doubt on things whether or not he is market friendly. i don't actually know if he is market friendly than kamala harris or -- >> he is absolutely more market friendly than kamala harris. come on. connell: your republican friend ford. and joe biden. >> precisely my point. connell: actually well-said. that is very funny. thank you, guys. good to see you, christie, thank you. >> thank you, connell. connell: thank you very much. ari fleischer, former white house press secretary will be on later this hour talking a little bit more about joe biden. melissa: accepting blame for
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boeing. what the ceo is saying about the two devastating fatal crashes and steps his company is taking to insure safety. that is coming up. connell: not off the table. president trump wrapping up a security roundtable with border officials in california. he is on his way to tour a section of the border and border wall after doubling down on the threat to shut down the southern border. will he actually do it? melissa: warning sign for the democratic party. why former starbucks ceo howard schultz is sounding the alarm on the 2020 race. steve forbes, forbes media chairman, is next. ♪ en't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today.
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connell: we'll bring steve forbes in, forbes media chairman. that is interesting on fox news channel with bret and martha. >> yes it was. connell: interesting to watch in number of ways. what about that argument, you go too far to the left you go with bernie, you might be in trouble. he might be right about that, right? >> he is. most candidates are doing a lurch to the left. joe biden is doing a semiapology tour before he announces. especially if the economy is decent he will win. don't maybe like the guy but they will run the economy off the cliff, these democrats is what do you think about the economic issues? one of the things stood out to me, talking about china but if you run and you're not aligned with one of the parties you can say what you really think for lack of a better way to describe it. maybe we saw how howard schultz really thinks. what do you make of it? >> his point, the extremes of both parties make the parties unacceptable to the middle.
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connell: yeah. >> in a three-way race, genuine three-way race, you don't have to get 50%. 30, 40 states will be a battleground states instead of eight or 10. connell: it is an uphill battle. >> it is uphill battle. connell: you interviewed him on your podcast. he is not aligned with the party. he has to do what you said he has to do. does he have the pizazz be the it factor? >> could be the kind of case where the very fact he has run a great company, started it really, that he is an adult who is not flashy, people may say, look what we have in the white house. opponents of trump, look at craziness on the democratic left, gosh, nice to have a calm adult. connell: he would need bernie sanders to be the nominee, being realistic about it. >> or somebody like that. the whole party. connell: are you -- >> all 18 of them are very variations. connell: he a unique character on economic issues.
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>> different flavors, to the extreme. so, he could go right up the middle. connell: not if biden is in there, probably not. i'm just guessing. >> look what is happening to joe biden? connell: i know. >> if he doesn't look like he is buckling to the party's left, manages to win the nomination he would be formidable. connell: yeah. >> but if he can be enthusiastic, appease the left, people will say, what's the difference? connell: we have no idea what will happen. it will be interesting. get your take on the border with the president down there today, issuing a ultimatum. the president visiting the southern border, threatening to slap auto tariffs on mess coif they don't stop the flow of illegal migrants in the united states? president trump said to tour the border, border wall he is talking about in a few moments from now, as he left that roundtable. what do you make of the way he handled it this week? first it was shut the whole thing down but then i'm going to quoting the president i will
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tariff your cars? >> shutting the border would have a big impact on u.s. economy. we get a lot of parts there, massive trade, would be extremely disruptive. why he sort of in his own way backed off. connell: tariffs are risky? >> tariffs of autos. 25% tariff is a 25% sales tax. so i think what you're going to see in the next few months, now that he has thrown down the gauntlet real discussions with mexico how do we deal with this situation? mexico taking in tens of thousands of people, even if you shut the border that will not stop them from trying to rush across the border. connell: one of the other things, i don't know if you think this is big deal or not, discussing negotiating the usmca, the new nafta apparently there was a side deal made with mexico the first 2.6 million autos coming north would not be under a tariff. blake burman asked the president about this on the north lawn. he said this threat would supersede that. the rick there you made a
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promise, now you're going back on it. how, does that affect other trade negotiations potentially? >> people want to know what the rules of the road are, they can't arbitrarily be changed. in terms of the new nafta, whatever you want to call it, usmca and u.s. marine corps america, but the bottom line is, people have to know what the rules of the game are. in terms of mexico, one of the things they're going to have to do, president may have to do to get the it through congress, remove the tariffs on canada and mexico on aluminum and steel. connell: i don't know, when you hear him talk about it, he speaks about those tariffs they're effective in his mind. doesn't seem like he wants to get rid of them? >> that may be one of the things he has to give up to get the thing through. connell: with all the concerns out there, economic concerns, we talked about them all week, if you are president, you ran for president, i'm sure you thought about it in these terms you do have to make calls sometimes.
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not like this president doesn't know there is economic risk in all this, he said he does. how do you know when it is worth it to say you know what i will take the hit economically? i know there is a hit because i'm willing to take the hit havo weigh. in terms of closing border crisis youot to hit the ream problem, whether you call it emergency, crisis, whatever you want to call it, it is a disaster, human disaster. congress has to face up to it. i think it will take years to build a wall. what do you do in the meantime? we need more agents. how about the democrats, what will you do about the human disaster, tens of thousands fleeing from central america. whatever you want to call it. what are you going to do about it. connell: that is the question. >> put your cards on the table instead of just criticizing. connell: i get it, steve. >> thank you. connell: i mentioned steve's podcast. steve forbes has the new podcast
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called, "what's ahead." it is available on sunday. >> 8:00 p.m. from onwards. melissa: good tease. i'm going to get it. hinting at a white house bid. why former vice president joe biden wants to be the last person to enter the race. his strategy on potentially running for president, former press secretary ari fleischer is next. ♪ rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠
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president back in thanksgiving, my intention at beginning if i were to run would be last person to announce. -- then i get a shot and then off to the races. melissa: former president, vice president, pardon me, joe biden speak to reporters providing a glimpse into his 2020 strategy. we have ari fleischer, former white house press secretary. thanks for joining us. do you have any doubt today that he is going to be running? >> a little bit. i have to leave joe biden a backdoor to get out of. sure sounds like he is running not 100%. melissa: what do you think of his strategy he wants to be the last guy in? >> that makes a lot of sense when you have joe biden's position. it is relevant anymore in the modern day democratic party. that will be hardest hurdle that he will have to over come.
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melissa: he is too centrist? >> he is kind of a liberal. not that he is too centrist. he doesn't quite fit in the modern mood of the democratic party. old time accommodating back-slapping reach across the aisle, get things done politician that is always his approach. a bit of knucklehead how he goes about it. i think that is fair summary of the man. the democrat party is angry party right now. socialistic energized party with ideas on the left. does biden fit that. fit identity politics of modern day democratic party. that will be highest hurdle. melissa: interesting. some democrats he missed out on a lot of money by not getting insofar. what do you think about that? >> i don't know about that. biden will be able to raise money from the power brokers inside of the democratic party but real money is increasingly coming from the grassroots. seen that with beto and other democratic candidates.
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if you mass in, we love you market, just grassroots voters who send you $10, $20 that is where big money comes from. you really do run out of big donors pretty fast in modern day politics. melissa: that is amazing. that really says a lot in very positive way about how politics has changed. >> yeah. melissa: that is has become more, more about the people as opposed to those few big donors that control things. so i like that idea. you know, you say you don't know if he can, you know, get the left end of the party to support him. >> right. melissa: do you subscribe to the theory that he is one who is biggest threat to president trump? >> i think that is probably right. i think somebody who does not come from the far left, put it this way, somebody on the far left, socialist candidate will be the he haddest -- easiest for trump to defeat. someone more middle america the will be trump's worst opponent, his hardest opponent.
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i lean in that direction. frankly i think bernie sanders has the edge right now. if you have a 20, 25 person field, whoever keeps racking up plurality is likely winner. sanders with devote following, 25, 30% in primary states, get that, sanders has the edge going in over biden or anybody else. melissa: does it help him or hurt him with this kerfuffle, being handcy, creepy uncle joe, helps got it out of the way before he announced or do you think it is not fully out of the way? >> it is not fully out of the way. these things are bad when they come up. joe biden's joke is emblematic about how this difficult issue, there are probably many people that he hugged liked it. didn't bother them. a small segment would bother them tremendously, that is personal space. everybody is individual. people have difficult judgments.
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so the people who don't like it will be very oaf spended by the joke he made today. on other hand a lot of other people say it is not that big of a deal. welcome how people see things differently. melissa: ari fleischer, thank you very much. always brilliant. take the time to come on. great to be with you. connell: interesting stuff ari said. melissa: he hugs right through it. he is very decisive in his answers. he has been there a bunch. he knows right away. so great to get him on topics like this. connell: fund-raising bernie sanders 20 bucks a pop, whatever you think of bernie sanders, 20 bucks a pop on average to 18 million, not relying on big donors. they keep coming back. melissa: that is the one good thing about social media and everything else. there is some negatives to it. the fact that is that is where ari would say that is where big money come from. connell: that part of it, yes. melissa: whether you agree or disagree what he is is saying. connell: the way he does it is
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interesting. slowing down production. back to the latest boeing breaking news. the company is accounting for ongoing halt of 737 max deliveries. that has been breaking this hour. new details are next ♪ you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist.
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max. melissa: breaking flooz president trump visits southern border in california, about to tour a new section of the border wall in mexico. we'll keep you update and anything he may say. connell: as we watch, back to boeing, stock has been falling after house, down 2% plus. ceo said booing to cut the 737 max production by almost a fifth. jeff glock is joining us -- flock is joining us from chicago with more. reporter: from corporate headquarters, here in chicago. the statement, not going well for the company. he said we're adjusting 737
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production system to temporarily accommodate pause in max deliveries. focus on software certification. and returning the max to flight. and terms of numbers, we have decided to temporarily move from a truck production rate of 52 airplanes to 42 a month starting mid article. that -- april, that is a bigger hit than you might think, they were going to 57 in june. this is not just the max, they make other 7 37 version. no layoffs by the way. looking at the stock. this news not kind to the stock. a stock that in the last month had been as high as 4 financial stocks46, now391 at close.
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and 380 something now in after hours. this is on heels. the president? i think i'm done. connell: thank you, we'll wrap it up, to bulls and bears. david: president trump just wrapping up a round table with border agents in calexico, california, now he will tour part of u.s.-mexico border. >> we have a big emergency at our southern border, the system is full we can't take you any more, whether asylum, it is illegal immigration, can't take you any more. we can't, our country is full. david: this is "bulls and bears" i am david asman, thank you for joining us. joining us. president giving mexico a strong one year warning to fix the evolving crisis at
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