tv After the Bell FOX Business June 3, 2019 4:00pm-5:00pm EDT
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[applause] connell: fox business network, president trump in buckingham palace speaking at a state dinner, sitting next to queen elizabeth ii, as the queen proposed a toast to the president and american people. president trump responding in kind there as he and first lady spendspent the day making their way around london. this probably caps off quite a day for two of them anytime you do it. the third u.s. president honored with a state dinner. melissa: a lot of color there. you can't see this yet, steamed fillet of halibut, asparagus spears and. connell: we're having the same after the first commercial break. that is quite a offering. tell you more about the state
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dinner in a while. i believe our live shot went down. the best of the festivities was over there. melissa: that's right. they talked about the special relationship between the u.s. and the uk of course. also the queen mentioned the business ties there. as well. so, not, not wandering off into politics but still talking about the great connection between the two countries. very good stuff. connell: stock market closes for the day. dow is up 6. that is melissa francis i'm connell mcshane. this is "after the bell." welcome everybody. melissa: deirdre bolton on floor of new york stock exchange. edward lawrence live in london. susan li in the newsroom. we'll start with edward. go ahead. reporter: melissa, it is not just lamb, but windsor lamb. she is a windsor, queen of england. part of the family heritage. probably a pretty good meal. they're at the state banquet, the president there, the queen, 171 dignitaries, the queen of england holds two state visit a
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year. as you mentioned three presidents during her tenure. when she assumed the queenship in 1952, three presidents have had honor. president bush in 2003, president obama in 2011, and now president donald trump. now for the white house this is a chance to show the people of england, to show the people of the united kingdom we stand with them as they break away from the european union. the president tweeting out today, earlier saying that he would like to see a deal made, a trade deal with the the united kingdom. the u.s. has been negotiating with the uk for some time, for about a year to have that deal since the moment they break away. the president wants within days to say that we do have a trade deal with them. we haven't seen many protests here. they have been very small. a few, far between. the signs have been bigger than the protest groups here. we are expecting larger protests here tomorrow. tomorrow expecting a much larger crowd. >> what we're seeing as a
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political leader who made a series of promises he is doing the utmost to keep to. so his approval ratings in britain are much, much better than they were 2 1/2 years ago. i know we got the organized, paid for protests but it is funny because when the president of china comes, when people from arab states that have very poor human rights records come we get very low levels of protests. so i think it is, it is all a bit of show. reporter: the president will meet with the prime minister theresa may tomorrow. they will talk about trade and security. back to you guys. melissa: edward thank you. to deirdre bolton. deirdre. reporter: melissa, a lot to watch in the markets. the dow, s&p 500, ever so slightly higher. we were focused on the nasdaq coming in and out of correction territory. we know the definition of that is 10% off its highs. that's where we saw the nasdaq for most of the session.
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we compare it to the late april early high this year. look at some of the stocks that really pressured it. it was all about antitrust concerns, monopolistic concerns. about four of the names we all follow the most. see them on your screens, alphabet, google, apple, facebook, amazon. all in different forms if you like. somewhat attention between the doj, the department of justice and the ftc. so some people saying that having tech in the cross-hairs is actually kind of a bipartisan focus if you like. we know that the trump administration has been talking tough on some of these companies. then we know senator elizabeth warren tweeting over this weekend about google specifically, saying in fact that google's dominance is hurting potential smaller companies. and that the company should be broken up. so you can see where those four stocks ended the day. a lot of pressure there for tech. meantime, back to you guys in
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the studio. connell: we'll talk about that a little more, deirdre, thank you. our panel, adam lashinsky "fortune" executive editor. danielle dimartino booth, former federal reserve advisor. amidst all the actives, focus for markets have been the tech stocks. how concerned should investors be about antitrust? i mean by the way the stocks traded the answer might be very concerned. there was a note from a ubs analyst, they're not overly concerned. how do you see it? >> investors should be very concerned but not necessarily quickly. so i'll explain quickly. what i mean by that very important things are going to happen with regard to antitrust to all of these big companies. some of them will be from the justice department. some will be from the federal trade commission. they will take month, maybe even years, but those companies will be very distracted depending on
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how bad the fight gets. we saw that with microsoft in the '90s. that is why investors are appropriately concerned about this. connell: how will the timing play out, danielle and other stories in the news? especially trade, the companies are in the midst of that, back and forth between the united states and china which is turning into something of a tech war. does that matter? will the tech government, quote, unquote, go after the big tech companies when they're under that type of pressure, do you think? >> i think the possibility is very real. as you know we're already in industrial recession. we saw manufacturing come out today at the weakest since 2016. and, all this is doing, it is kind of a pile on effect. these have been darlings, the stocks that recovered the most, since the christmas eve bloodbath in the stock market. this is where invest source have been comfortable for years putting in the money. they're seen as having lock tight franchises. that very characteristic,
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nature, brought them under such scrutiny. trying to determine just jurisdiction, listening to the stories, any four massive tech giants including amazon, if any have any competitor come on to their radar screen, they swoop them up. and absorb them. that becomes a matter of anti-competitiveness. melissa: apple trying to keep its shine, unveiling new apps and features, a big change to itunes at the worldwide develop es conference in san jose, california. susan leigh with the late-breaking details on this one. details are very important to consumers, susan. give them to us. >> so many oohs and ahs. one nuns meant got more buzz than others. take a listen. >> one thing we hear over and over, can itunes do even more?
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i think it can. how about calendar in itunes? [laughter]. i mean youhave all of your appointment and your best tracks right in one app. could we take it further? i think so. how about mail in itunes? [cheering] maybe safari in itunes? and how are you going to switch between these apps? of course you will add a dock. i think we nailed it! susan: the end of itunes as we know it. itunes is split up. in the future you get apple music, tv, podcasts. this is basically a sale, selling apple services where the company is transitioned to. we know iphone sales are slowing but services are gaining. services made up $40 billion in revenue last year. they're hoping to get that up to $50 billion in 2020, which is pretty soon. also we have a dark mode as well, which means basically your
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new ios, operating system comes this fall, instead of light, you get dark, that will lose the phone longer. less eye strain involved. get a mac pc. they only usually announce software up grades. you have a new hardware announcement. to get through apple watch, you got your own apstore. melissa: my son walked out of school, picked up the phone, told me about the new mac. he was totally on fire. i have no idea how he heard about it during physics or whatever math class he was in. demanded it earlier. susan: $5,000. >> and he is 12. he heard about it before we did, not quite but close. i know it is terrifying. panel is back now. adam, i know you were at apple's event today. you have been at all of these. you are the master of apple. tell me about the itunes phenomenon. because i heard from a lot of people panic over the weekend saying they're getting rid of
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itunes. i noticed on my own phone, it says apple tv i have apple tv, i have itunes but i understand they're trying to create a new experience. you're not losing. it is just a different thing, right? >> that's right, yes. by the way i want you to know i was a little pressed for time. i stepped over 10 developers to leave the apple event. melissa: you're so nice, thank you. >> with all of you. they were mostly done when i left. itunes was this revolutionary product when it was introduced about 73 years ago. i'm joking on the time. it is very old. it had ceased to be simply about music. so what apple is doing, long ago ceased to be simply about music. apple is being knowledging you want to buy things in various places including the tv app, including in your podcast app. so they're giving you other places to buy the things that maybe more appropriate, as if the department store said okay, we'll have specialty stores for
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these things instead. so it is, it won't really affect people's lives other than the icon going away. melissa: danielle? >> you know i can hear my teenagers right now. i can, invasion of this is going to be immense. go back to susan's point. they want to get services revenue up to $50 billion in 2020. what we know if the chinese decide to truly retaliate, let's say restrict, totally restrict iphone sales, that will shave 10% off of apple's top line. this is pretty savvy on the part of tim cook and his team to try to draw attention away from what's happening on the hardware side of the company and effectively force people on to new and difficult platforms so they are going to be spending more money on that services side to hit that bogey. melissa: even more money. guys, thank you. connell: we now have some breaking news. the usda is just releasing its progress report on american farmers. now we're paying more attention
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to these reports than usual with all the flooding in the midwest and the ongoing trade tensions we always talk about. with that as the backdrop, get to jeff flock on the floor from the cme. what are we seeing, jeff? reporter: at headquarters of the cow guy group with chris robinson. i have to put my glasses on to see it. hopefully the camera sighs better. we're way behind. that will be bullish for corn prices ahead, right, chris? >> we were expecting 70% done. we are 68%. reporter: in till know they would be almost 100% planted right now. we're at 31%, correct? >> that is indiana. indiana is at 31. we should be at 94. illinois is at 45. we should be at 98. they were expecting better progress. reporter: if you don't get the crop in the ground you can't get it harvested. this is bullish for prices. corn prices going up.
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that is good news for farmers as long as you're the guy harvesting the crop, not the guy whose field is flooded you don't get a crop. we'll see where this goes. trading resumes, connell, at what time? >> 7:00 central. reporter: 7:00 central, 8:00 eastern. of watch the numbers. if you're trading corn, you will see a big move i think. connell: that is interesting, gives us numbers behind all stories. thank you, jeff flock in chicago. >> more on the royal meeting in london coming up. president trump participating in state banquet with the queen of england. amid backlash from a bitter feud with the mayor of london. why one of brit tape's top officials is coming to the president's defense. we'll talk to mike huckabee, former arkansas governor next. connell: a strange reappearance a top north korean official has been spotted alongside kim jong-un days after reportedly being purged. what that mystery sighting for
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u.s. efforts to denuclearization the rogue regime. melissa: a health warning in los angeles. the they are sounding alarm on the city's unsanitary conditions. yuck. ♪ all money managers might seem the same, but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.
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president trump and first lady melania, joined by the royal family at 170 guests by the royal banquet at buckingham palace which has been personally overseen by queen elizabeth. former arkansas governor, fox news contributor mike huckabee. governor, thank you for joining us. they're making a lot out of the protests although, when they showed us the folks in front that were protesting didn't seem like that there were that many there. is it possible that people in the uk aren't as horrified by president trump as media would like us to believe? >> i know everybody would be shocked to think that the media is overplaying criticism about donald trump since they played it so straight and pure as journalists throughout his entire presidency. obviously i'm being incredibly sarcastic. of course they're overplaying it. there are people in london who don't like donald trump but there are people in manhattan who don't like donald trump. there are a people who do like him, a lot of people appreciate
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him. if you look at the brexit vote, it was a part of the same kind of rejection of elitism and snobbery in great britain we saw in the united states. people are tired of looked down by people in power, people in high places, they have had enough of it. melissa: yeah. >> donald trump represent a return to a little bit of respect for all. melissa: it is interesting too, because if you hear people on the more liberal side talking about what is going on right now with brexit, they're saying that the british people have had a change of heart. they made this vote, they can't get out, they regret it, that doesn't sound really maybe straight on to me. i don't know what is your take of how it is being received now at this point in the same way that they don't want president trump there. they're seems like they're regretting the idea of "brexit" and leave? >> i was in great britain the day of the breck it vote back in
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2016. and it was a fascinating time to be there. i was back in great britain about a year-and-a-half later. i didn't hear people saying oh, we made terrible mistake. they tried to make it about race and immigration solely. it was really about brits wanting to be brits. having a great sense of pride about their many years and centuries of traditions and law and culture. they're proud of that. they should be, like every nation should be proud of its unique culture, its language, its history, its art. so, when people act like that this is all about xenophobia and racism, i frankly think that is the statement of an idiot who doesn't know what he or she is talking about. melissa: it is always a money issue. they don't want to finance people in other parts of europe who are not working, where the government is spending a ton of money, supporting people, the rest of the population isn't working. it is a straight up bread and butter issue. doesn't like having to do with
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xenophobia, americans pay huge taxes, wait a second, i don't know how much more i can pay. let me pivot quickly what the president said about the southern border, the idea of putting tariffs on mexico? the point being that tariffs are horrible for everybody involved. for americans, for mexicans, for everybody. but i wonder, i suspect maybe that is the point, that it would hurt everybody, so it would get everybody's attention, might focus on issue, maybe call their legislators, saying why aren't you doing something one way or the other, to straighten out the immigration laws? what are your thoughts? >> melissa, you hit the nail on the head. the fact this could all be resolved without tariffs. if congress would go to washington, sit down, do their jobs, rather than chase phony allegations about the president and bring up the nonsense of impeachment. they can fix the immigration situation. it would be no need for tariffs. that is the way to handle this. but i respect that the president
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is saying, if you're not going to do your jobs as members of congress, then i have to do something. we really do have a real, not manufactured real crisis at border. it has to be dealt with. it is already brought mexico to the table. diplomats are moving to washington so they can sit down and talk through this. that's a plus. it is not the ideal. nobody likes tariffs but we don't like our country invaded by hundreds of thousands of people who are running over our border because you have a bunch of people in congress who refuse to do their job. melissa: isn't it interesting the mexicans and americans can sit down right away and talk but democrats and republicans can't seem to do that. governor huckabee, thank you. >> thank you, melissa. >> the booming economy is at risk. a new story about trade war with china and how much it might cost the u.s. and more, with steve moore. melissa: i see what you did there. connell: it wasn't that great. putting mexico on notice. president trump's serious threat
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to hike tariffs on exports amid escalating border crisis. we're live on capitol hill with more on that next. liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer?
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melissa: high level delegation from mexico in washington. congress back in session as top officials from the u.s. and mexico are set to begin talks amid a standoff over tariffs and border security. fox business's hillary vaughn live on capitol hill with the latest. sounds like they're doing more than republicans and democrats. >> a lot more. mexico is here. they sent a delegation to work things out with the administration. it is clear at least for now, that president trump is ticking up tariffs as a negotiating tool, making progress between two trading partners, china and mexico. signaling over the weekend they have had a change of heart. they never meant to backtrack negotiations with the u.s. in
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first place. chinese vice commerce secretary saying quote, we're willing to adopt a cooperative approach to find a solution. that is definitely a change of tune from what we heard from them in the past. mexico also making a 180 after the president threatened to tax every product that crosses over the border unless they stop illegal immigrants crossing from mexico into the u.s. >> he is very much a trade reformer but he understands since we're starting out from asymmetric positions we have to get people to the table with strong actions and mexico is coming. reporter: this morning mexico's foreign minister for north america saying the proposed tariffs would be magnified even more so because the administration is taking into account the fact that products cross into the u.s. and back again several times. >> the reality is, that because the economies are so fully integrated, for example, car parts often cross eight times
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either way, four times in one direction, four times, 5% will be affecting and compounding on itself. so the effect on prices for consumers will be much greater than 5%. reporter: even though they showed up to talk the president signaling on twitter said that is not enough. he want to see action. hillary. melissa: hillary, good stuff. connell: we have the congressman from georgia, on the house budget and transportation committee. what you guys may get done in congress what about the ratification of usmca to the point of view of mexico? these tariffs threats hurt the tiling? >> no. you see the foreign minister here today. this is a negotiation. it has been. our president is a negotiating president and we'll end up with a better border security posture and a great trade deal at the end of this conversation. the president already signed off on trade in november. we need to ratify that in
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congress but we still have border security concerns we need to partner with mexico to succeed in. connell: that last part may be the tougher, the heavier lift here, you guys ratifying rather than canada, mexico agreeing on it. will that happen? >> this was a lame duck issue in the clinton administration issue when nafta was passed first time around. it is hard to get something done on capitol hill, folks would rather throw sand in the sandbox than get together on serious policy. trade wars advantage no one. i'm hopeful we'll move this forward. i won't be surprised to see the senate provide real strong leadership here. we'll get leadership out of the house as well. connell: you think you will get there. the other issue is disaster relief. talk about disaster relief. it was blocked four times by republican member of congress. it is roll call vote. it needs 2/3 to pass.
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this is important issue in georgia to pass. farmers are concerned about trade. they're concerned about this. i drove through southern georgia on way to florida, saw damage from hurricane michael. it was tough stuff. will it get done. >> it will get done. they couldn't get it done in the senate. we did it in the house. couldn't get it done in the senate. these farmers have already been hurt f you're not already in the dirt today, you're not going into the dirt in calendar year 2019. this is going to be very little, very late but, we needed to come together to get it done. yes, today will be the day we finally pull fill that promise. connell: taken too long as you said. we had a report from mexico city, mexico beach i should say, florida, last weekend. still, those people are in a tough, tough spot. >> you remember. we would have gotten it done in september but border security got in the way of that agreement
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as well. there are some important issues. if we can't find a pathway to working together on them, we'll work together on none of them. let's let the cooperation -- connell: that seems to be the fear, as the final point. because of all the talk, well, of impeachment, other things, so much friction, that you guys won't get anything big done. that seems to be a, you know, a legit fear, infrastructure, other things it is pretty much done for this congress, is that overdoing it? >> it's a real fear but i sit on the transportation infrastructure committee. we are going to get this done. we do have serious bipartisan members. it will require bipartisan leadership at the top though. i don't know if nancy pelosi, chuck schumer, are going to be able to deliver that. connell: you will do your part but you're not confident the rest of it comes together? >> rank-and-file members do not care about politics. they care about productivity, connell. i just couldn't be more proud to work with the rank-and-file members that i get to work with.
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connell: congressman woodall. good to see you. thanks for coming on. we'll watch the vote on disaster relief. thank you. melissa: new information about a top north korean official was reportedly imprisoned by kim jong-un last week. what really happened there? connell: we still don't know, right? melissa: we have some clues. connell: russia meantime, withdrawing defense advisors from venezuela. what this might mean for the united states effort to out of nicolas maduro. retired four-star general jack keane, fox news senior strategic analyst will respond after the break. melissa: looking forward to that. jay-z adding another credit to his resume', billionaire. the rapper turned entrepreneur officially joining the "forbes" list. the first hip-hop artist to do so according to the publication, they're never wrong, i got to tell you. some of the fortune includes real estate, stake in uber, liquor brands, a vast art collection. it is good to be jay-z and
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analyst. cy, thank you for joining us. what does this mean and do you take the report face value? do you think it is accurate? >> i suspect it is. clearly because venezuela, as a result of sanctions has clearly, is going through some really economic pitfalls here, likely not able to make contracts. roztech providing military contractors for the venezuela military. they have been constructing heliports and doing other facilities. also assisting them with missile defense. however, and it's a big however, in january putin put in the wagner military firm which is a private organization that works directly for the russian military. they were the ones who were in ukraine and crimea. they were the ones also attacking u.s. coalition base in syria when we killed 200 of them. they have been in africa as
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well. they went in there for one reason only, liz. it is to protect maduro. i suspect they're still there. melissa: folks say that the russians are motivated by money. that is what it is about. they're easier to understand from that perspective than maybe some of our enemies in the middle east. but if they, it is hard for me to imagine them pulling out just because contracts can't be paid. they would still have financial interest in keeping a foothold in venezuela, wouldn't they? >> much more in the financial. putin, because of his success in syria, that intervention, first time out of, out of fear of intervention since 1980, that had a huge payoff for him at the expense of the united states and our allies in the region. he is doing the same thing in the western hemisphere. a modest investment, liz. a huge strategic payoff. why? he will diminish the influence of united states if maduro stays in power, to increase influence of russia to be sure.
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that is what this is about, much more than financial. your sense is correct, it is more than financial. i think these contractors, they just don't have the money to pay them but i believe there is a lot of advisors still there, relatively high rank, talking to maduro and for putin's interest, talking to putin and still that group is there to protect them. melissa: while you're here, iran rejected an offer made by secretary of state mike pompeo for talks between the u.s. and iran without preconditions, calling it word play. what is your take on this one? >> well, the iranians clearly have sent a signal that they're willing to talk and the trump administration, from the beginning, the beginning being, when president trump came in, never liked the nuclear deal. said that in his campaign. gave his own administration over a year to work with the united kingdom, britain, france -- united kingdom, france and germany to change the deal to
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make it better for all. they couldn't do it, he pulled out. he always had it in his mind to go back into negotiations with iran to work out a better deal. i think that is very legitimate. but clearly the major issue with the iranians is their maligned aggressive behavior in the region. look what they have done just recently. they have sabotaged four tankers in the gulf. they attacked a saudi pipeline with drones. four to 600 rockets from iran were fired by hamas into israel. they dropped a rocket near the u.s. embassy in baghdad. clearly they're running two civil wars in the middle east. i mean they are all-in still. their aggressive behavior, despite the sanctions, liz, has really not diminished at all. melissa: general keane, thank you for your time. we appreciate it. >> good talking to you liz. connell: another story about north korea here in a moment. here it is. you know these reports this guy
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was spotted in public after supposedly being purged last week. so a south korean newspaper started all of this about a north korean official reportedly sentenced to hard labor and idealogical reeducation over the failed summit with president trump. that is him apparently. melissa: i don't know how you can tell though? connell: this was shown, whole thing, he was shown days later in state media enjoying a concert. they say it was days later, alongside kim jong-un. a spokesman for the unification ministry in seoul refusing to answer questions about the sighting. at this point who knows. melissa: we don't know when the picture was taken. we don't necessarily that person is him. that is how these things work traditionally. you hear a report they are shot by the firing squad or sent to a hard labor camp. they may reemerge later. connell: a couple of our guests said that last week. they were reluctant to comment.
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they have seen this movie play out before so who knows. melissa: fascinating. new trade war warning. morgan stanley sounding an alarm of an ongoing dispute. what this could mean for steve moore, economic advisor for the trump campaign sounds off next. ♪ and manage my portfolio. since i added futures, i have access to the oil markets. and gold markets. ok. i'm plugged into equities. trade confirmed. and i have global access 24/7. meaning, i can do what i need to do. then i can focus on what i want to do. visit your online broker today, to learn more. when crabe stronger...strong, with new nicorette coated ice mint. layered with flavor... it's the first and only coated nicotine lozenge.
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so...call. connell: we talked about big tech hit hard at least in their stock prices by the growing regulatory concerns out there in one shape or another. the nasdaq closing in correction territory seems as a result of that. facebook stock price down 7%, google six, amazon down 4%. apple with its big event was down by 1%. let's talk about this a little bit with trump campaign senior economic visor, heritage foundation economist steve moore joins us from washington. this was a big story certainly in the market, steve, certainly today, do you think this is one big story of antitrust or is it, should it be company by company and if so does one stand out over the other? how do you think the administration will end up approaching it? >> i personally hate antitrust investigations. i'm old enough to remember at&t and microsoft and these other companies were going to take
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over the world. you know, especially in the technology and communications age that we're in right now, these companies involved in those industries, to think that anybody can have a monopoly i think is foolish. connell: right. >> one day a company is on the top of the world like google. five years from now they're like sears and tower records. so i think i hate the idea that a company should be punished for being innovative and successful and capturing market share. incidentally, isn't it a good thing guys, that these are american companies. apple, amazon and google and, you know, microsoft and i love the fact that these companies are dominating the global economy. so, much better than it would be a chinese or japanese company as far as i'm concerned. connell: did that play into it? would you advise the president to stay away from it almost because of the fact we're in a trade war? it seems like it is becoming a tech war, we don't have time to do this? does timing matter?
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>> i think it's a great point. timing does matter. this is not a good time to bring up antitrust against potentially our five largest and fastest growing tech companies. i don't always approve of what these companies do. as a conservative what facebook does, google in terms of their discrimination against conservatives i have a big problem with that. look, this pits big government against big business. i will take the side of big business. i think you raise a really good point, connell, this is not a good time for this. we want to energize our economy right now. look, i'm with trump on china. i think he is doing the right thing. i think we have to isolate china. we have to flex our economic muscle. i'm so troubled that the media is not covering that this does substantial damage to the chinese economy. all this is doing is hurting american consumers and american economy. look at china, warehouse
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factories and docks are full of merchandise they can't sell. connell: i wonder if they're ready to give in? i read the whole white paper they put out over the weekend. i people read they're open to negotiation. they're digging in. they're blaming the u.s. that we're backtracking, not them. to your point there are a lot of stories how it could hurt our economy. morgan stanley pry dicked we could be in a recession by next spring. jpmorgan said something similar. those stories are out there. are they not true? >> trade wars hurt both countries, no question about it, i agree with what i call the trump doctrine on trade. i have talked to him for four years. if we can't trade with them, we sneeze, if they can't trade with us, they catch pneumonia. we have leverage over them. trump is right. we have leverage far more over them. that doesn't say we don't benefit from the cheap imports t benefits american consumers. there are supply chains now that require us to buy goods from
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china, but i mean my goodness, their economy is very hard-pressed to grow without having access to the massive american consumer market. you know, there is a story just the other day that was buried in one of the asian papers how there has been disinvestment in china the stock market there, in chinese companies because investors are getting afraid these companies can't grow. other stories about how companies are moving out of china, moving into india, vietnam to avoid tariffs. i want to get it resolved. by my prediction on fox business last couple weeks this will get resolved in a matter of months in a way i think will be productive for both countries frankly. connell: that is the hope obviously. steve, thank you for coming on again. steve moore. >> take care. melissa: a growing crisis. reports of typhoid fever are emerging from the lapd. more on the worsening health crisis in california. remember ihop's controversial
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melissa: city of filth giving san francisco a run for its money. as homeless population rises, certain parts ever downtown l.a. area have become overrun by rats and trash and a lot worse. leading to protests from police officers as some have reported coming down with typhoid. fox news is live from los angeles with more. reporter: most of the problem isn't just 55,000 homeless taking over city sidewalks, parks, vacant lots and the beach. people are dumping their garbage on the street which is feeding in this explosion of rats, fleas, mosquitos and mice, rotting food, trash, used syringes, human waste. the city of l.a. becoming a dumpster, according to the "l.a. times." >> it's unsanitary around here,
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especially with these people using the bathroom in the street. you find them doing it on the side of the road or on the sidewalk and no one picks up after themselves. reporter: police interacting with the homeless are battling an outbreak of staph and hepatitis. a detective is being treated for typhoid fever. five others show symptoms. the police station serving skid row is infested with rats, according to osha. >> it's totally disgusting. we want them to clean that up immediately mange sure that all the toxins are away from the officers and their families. >> look, any police officers say i want to make sure i'm protected, whether it's an issue with plumbing in the station or something else, i want to make sure no police officer should come to work and get sick. reporter: mayor garcetti is taking heat for failing to handle the city's homeless. shelter construction behind schedule, over budget, even in the most liberal areas, residents are suing to stop new
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construction, some out of fear. homeless crime up 50%. in december, prosecutors charged this man, you can see the video, with attempted murder after throwing a businessman in front of a truck. he was already on probation for assault and walked away. so blame right now is aimed at city and state officials who often appear more focused on resisting the president, and welcoming migrants than fixing problems in their own backyard. melissa: wow. the "l.a. times" talking about it, they are more liberal than the "new york times." that's amazing. thanks for that report. connell: finally, ihop flipping the script again, apparently. the restaurant chain now saying it will call its new additions to its burger lineups, pancakes. this after the franchise received backlash for temporarily changing its name to ihob to promote its burgers last year. ihop says the vocabulary is a playful twist that again shows it takes its burgers as
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seriously as its pancakes. i don't know what to say. you can't take your burgers as seriously as your pancakes if you're i hop's. melissa: that does it for us. connell: "bulls & bears" starts right now. david: breaking tonight. a bloodbath for tech giants as shares tumble over reports that the government could be ramping up new antitrust probes. hi, everybody. i'm david asman. thanks for joining us. this is "bulls & bears." joining me tonight, kristina parro partsinevelos, liz peek, gary kaltbaum. these companies appear set to undergo u.s. trust investigations after the u.s. justice department and the ftc agree to split up oversight of these technology giants. this as "the washington post" is reporting amazon could also be facing antitrust scrutiny from the ftc as well.
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