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tv   After the Bell  FOX Business  June 7, 2019 4:00pm-5:01pm EDT

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here we go, folks. [closing bell rings] we're 15 seconds away from the end of the closing bell. starts 15 seconds before the top of the hour. markets snapping weeks long losing streaks. microsoft yes, crowses at a one trillion dollar market cap. have a great weekend. melissa: the best week for the major averages of year. stocks soaring into the close today. weaker-than-expected jobs report, get this fueling hopes for a rate cut. we took it as good news. the dow closing up 260 points, marking five straight days of gains, the longest winning streak in four months. s&p 500, nasdaq closing up four days in a row, longest streak in two months. we'll take it. i'm melissa francis. happy friday. connell: happy friday. i'm connell mcshane. this is "after the bell." more on the market movers of the day and the week. first here is what is new this hour. ♪ making progress, we're told, just not enough progress.
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the u.s. and mexico wrapping up three days of talks working to avert president trump's looming tariffs on imports. negotiations are sounding more optimistic. white house says their position remains the same until u.s. and mexico strike a deal. we'll have the latest from the white house. as negotiations continue, president making his way back to the united states. he will arrive at joint base andrews in just a short time after a five day overseas trips. reports indicating the president can make emergency declaration to put tariffs into effect. we'll bring you any breaking headlines coming out from the president this hour. rocky relationship, democratic candidates cashing in on silicon valley donations but could a crackdown on big tech cut the honeymoon short? the political panel is here to discuss that. melissa: fox business team coverage. gerri willis on floor of new york stock exchange. edward lawrence in d.c., and
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yaki. jackie deangelis at the white house. let's start with edward. reporter: there may have been a weaker jobs number because of the flooding along the mississippi river. the private sector created 90,000 jobs. a lot of losses were on the government side, 15,000 of losses on government sector with 2/3 of losses at the state level across the united states. vice president's chief of staff says you need to keep in mind the big picture. >> we understand that day is one data point but overall reality the economy has added roughly 6 million jobs. of the 500,000 manufacturing sector. all-time lows for hispanic-americans. all-time lows for african-americans. the economy remains incredibly strong. reporter: bottom line on the unemployment rate everyone who wants a job could possibly get a
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job with 3.6% unemployment rate. one of the indicators of inflation the federal reserve looks at is the average hourly wages. this is domino thing so follow me through this. average hourly wages rose 3.1% over last 12 months that is a he slowing growth in the number. that could mean inflation pressures are less. that inflation is falling a little bit. that could then mean the federal reserve would like to cut rates possibly this year and that is something the market is looking at if the federal reserve doesn't get near the 2% inflation goal they have. in the past week there are indications from the federal reserve they're possibly looking at a rate cut. that could mean a decrease in the credit card rates, mortgage rates, decrease in amount of costs for a company to borrow money to make cap call invests. melissa: edward, thank you. connell: president trump striking a optimistic tone on deal with mexico to avoid tariffs we've been talking
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about. jackie deangelis at the white house covering all of that. reporter: good afternoon to you guys. we haven't heard there is no deal. but we haven't heard there is going to be a deal either. we're awaiting for the president to arrive. that will be crucial because he will be briefed on latest developments. he could make a decision being maybe over the weekend. what we have is the latest tweet. this is where the white house stands on this the president said, quote, if we're able to make a deal with mexico, and there is a good chance that we will, they will begin purchasing farm and agricultural products at very high levels starting immediately. if we're unable to make a deal, mexico will begin paying tariffs at the 5% level on monday. in the meantime the u.s. chamber of commerce releasing a statement on its position on tariffs within the context of course of usmca. it said in part, quote, we're supportive of the constructive discussions members of the administration have with members of congress. imposing unlad ral tariffs on
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mexico jeopardize as successful bipartisan vote on usmca and approval of the agreement, end quote. that has been a gop concern all week as well. there are republicans who would like to see a deal done and no tariffs imposed. the foreign secretary of mexico said that mexico will deploy the national guard to the southern border to help with enforcement. that has been a central issue here. the bottom line is this, the president will return and be briefed on these talks. it is really up to him as he said all week if mexico has stepped up to the plate,. connell: jackie, thank you. let's put all this together whether the jobs report. carol roth, jack hough, "barron's" associate editor there and michelle girard. gnat markets director. michelle, the good is bad, up is down, we have those days from time to time. that seems to be the rationale.
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tell us what we should take away first from the jobs report? >> you're right in this case the market took bad news as good news. it means the odds of the fed cutting interest rates sooner rather than later have gone up. i do believe that the economy is not as weak as perhaps some of the employment figures like adp, like today's job numbers might suggest but clearly downside risks are increasing as the trade war is being escalated. the fed has room to provide some support, to provide some insurance as we've been talking about to a possible slow down because inflation is below its target. as you noted in today's report there is not a lot of wage pressures. i think the market is right to anticipate that this does make it easier for the fed to come in and to provide some accommodation that the economy might benefit from. connell: heck of a week, jack. you have to put it all in perspective where we were, but
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this has been some bounce. you never know. we could give it all back on trade headline this week or next week the way things are going lately. >> look at the bright side. economic figures are mixed. campaigning starting for elections next year. if you like to cherry-pick your data points to. connell: we do like to do that. do you have one in mind? >> i'm not enough of -- i'm good at cherry-picking data but not enough of a partisan. if you're an investor this is one month of jobs numbers that weren't great but remember where we are, we're at 50-year low of unemployment rate. the state of employment is quite strong. last reading of the gdp was decent. there were signals that economy is slowing. there is not signals recession is around the corner or stock market will tank or anything like that. connell: what do you think, carol? >> i think stock market investors are a bunch of drug addicts and the drug they're addicted to is easy money from the fed. this is crazy.
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we should want stronger real numbers instead of relying on the fed to continually cut rates. seems to me a fool's errand because we should be saving that for when there is a emergency. connell: right. >> on the jobs side i will say you cannot take a data point, you have to remember we have seven million jobs opening in this country and six million people looking for them. a million more jobs than people looking. the last time that happened in 1800 and never. it never happened. connell: that was long time ago. >> very good time to be looking for a job. i don't think that the economy is in trouble. i don't think we should be playing around with the fed. connell: fair enough. wrap it up with michelle. carol said it to some degree as well. theories out there, speculation out there, this slowdown may lead to recession at some point, people putting odds on it, that talk is too strong in your view? how do you view the slowdown? >> it is too strong. federal reserve, the president are going to take action to avoid that outcome. so i think here it is more about
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the policy response. this fed is being watchful. they're preemptive. as carol said, economy is on solid footing. hard to even think we're talking about rate cuts now. goes to show you commitment that policymakers have to insuring that this economy doesn't falter. that is the biggest takeaway. connell: that is what we see this week in financial markets. good stuff. you guys are sticking around. melissa. melissa: the best week of 2019 for major averages. the dow snapping a six-week losing streak finally. let's go to gerri willis on the floor of the new york stock exchange. reporter: melissa that's right, you have it absolutely correct. traders telling me they just want to buy them, right? sentiment is positive. earnings story still intact. what will you do, invest in bonds instead? everybody is buying. they're super hopeful we get not one, not two, but three rate cuts.
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dow up 5%. s&p up four. nasdaq up 3.8%. nasdaq snapping a four-week string of losses. dow, apple, nike. leaders of the dow today, this is largely positive sentiment about trade going on that jackie was talking about before. we had all the major apparel suppliers complaining about trade but those sentiment mean nike did better. apple announcing new privacy feature. dow stock higher because of materials. one of those weeks hard to see the negative i think. get this, microsoft over the past few days, microsoft market value topping a trillion dollars. so i think that says it all right there. back in business as traders an especially start to think, hey there is a lot of reason to be happy. a lot of reason to be invested in stocks. back to you. melissa: gerri, thank you. home delivery got a little more
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personal. walmart is launch a new service delivers groceries right to the customer fridge. retail giant says workers wear body cameras, allowing customers to watch live streams of their deliveries when they are not home. carol, what could possibly go wrong? >> i don't know what has happened to us, melissa. when i was younger i was taught about stranger danger. all of that is completely undone. don't talk to strangers. now we have social media. don't get into a car with strangers. now we have uber and lyft. don't let strangers in your house. now let walmart come in to go stock your fridge. this is absolute insanity. don't let strangers into your house. melissa: jack, i want to tilt the camera down to show me if they're taking their shoes off coming into the house. i don't want a stranger in my house, touching my fridge and wandering around. >> this combines my love of strangers handling my food with my total comfort of coming into
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my house when i'm not around. anyway target can send workers to talk to me while i'm in the shower? [laughter]. >> guys worked on your jokes for this one. i'm still impressed. this is such a horrible idea. did they not all -- although i would say when you first heard about uber, i thought no one is going to get into the car with someone who doesn't have taxi license, all the different reasons why it seemed not to make logical defense. we overcame that hurdle. maybe this is the next hurdle we overcome, carol. >> i certainly hope not. we have to stop the insanity somewhere. i don't know, i remember back in the day when there were gangsters and stuff, talking about casing the joint. this is a great way for somebody to case the joint, see what you have, report it. at some point you have to realize privacy is important. that you shouldn't be talking to strangers. i hope that this is the area where people get some common sense. >> if you're too lazy to go
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outside of your house for groceries you're definitely too lazy to cook. who is this for? melissa: freight joke. good material. a-plus. connell: what a prepared panel today. melissa: they were awesome. i give them applause. nice. good stuff. connell: auto companies asking president trump to rethink, believe it or not one of his deregulation efforts. they say this sounds counterintuitive. that it could end up hurting their bottom lines. we'll talk about it next. melissa: terrible weather conditions leaving some farmlands nearly empty. how american farmers are dealing with a bad season on top of tariff fears. connell: a small push leading to action on a minority owner in the nba. we'll have more on this incident everybody seems to be talking about. it will cost him half a million dollars. ♪
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the xfinity store is here. and it's simple, easy, awesome. melissa: a deregulatory evident that could split the auto market in two. major automakers are considering president trump to roll back the obama era emission standards, saying trump's new rule could produce untenable problems in
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the industry. susan li is here. reporter: it could do more harm than actual good in bifurcated or split market across the cars in the u.s. is the worst nightmare. president trump and white house set to announce new emission standards this summer. that he will cap that, roll it back to 37 miles per gallon. that is the standard for cars across mesh. during the obama era they raised that 54 1/2 miles per gallon by the year 2025. at the time carmakers on the screen said those rules were a little onerous for them. now they're saying if you roll it back, that splits the market in two because states like california which under the clean air act of 1970 can still enact their own emissions standards. gavin newsom, the new governor will stick with the 54 1/2 miles per gallon standard. if you make a car for california at the standard, you have to make it differently across the rest of the country that is
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pretty expensive. carmakers including gm and ford, saying it will reduce profitability t will make the market unstable especially in falling car sales market, we're expected to dip below 17 million car sales for first time since 2014. i got in the likes with general motors and ford, both referred me to this group statement from the auto alliance. seems like they're going back and forth on this rule, guys. really has been, the stock price hurt last few years. they have been cutting jobs in a very tight market with sales slowing in u.s. and china. back to you. melissa: wow, susan, amazing. thank you. connell: tim higgins is with us. he covers the auto industry for "the wall street journal." you know it is interesting, susan did a good job explaining that but on the surface one of those stories very rarely do you see business saying maybe you should keep regulation as they are. this is interesting. what are you hearing from sources you speak to about this particular issue?
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>> well it is just one of these things a few years ago they were pushing the government to slow-walk some of these deadlines. the challenge here is that for an automaker, for a car company takes multiple year to develop their probs. they're already into the process trying to develop these vehicles. this idea would really introduce a lot of uncertainty to the business because it is not like california will just roll over. there is going to be a fight over this likely litigation. there is already lawsuits filed t could be years of uncertainty there. so the idea of, you know, of great uncertainty going forward is just another thing that these car companies don't want to worry about, at a time they're worried about trade issues, market collapsing around the world. connell: what would -- how big of a difference would it be in terms of where california is? so california has its own set of rules, right? the clean air act was years ago, 1970 i believe. they have kind of had their own
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deal out there. they have much more strict standards. so what is the difference between california, from auto company's perspective and some of these other states? how big of a deal is it? >> it would be a big deal because essentially what the trump administration seems to be signaling they would freeze it at the current level. the deal the obama administration made a few years ago was a deal with california in order to have one standard for the entire country. connell: right. >> so you could see a scenario if you're getting up to 54.5 miles per gallon in 2025, the rest of the country is something else, that could be a big problem. you know, part of the challenge here that we are seeing is that customers are not gravitating to these low fuel-sipping vehicles. instead they want big suvs. that is the challenge, part of the reason why companies said in the past, you know, we need help getting there. so there has been, there has been incentives to try to encourage people to buy
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battery-powered cars. we see that in california and see it federally. it helped tesla, general motors chevy bolt. electric cars are way more expensive than a traditional car. connell: that is a u.s.-centric phenomenon in a lot of ways. they have discussions and emissions standards in other parts of the world, we love our suvs here. we always have. it will take a lot to change that. >> this is the challenge. if you're a global automaker you have the u.s. market for company like general motors and ford, suvs and trucks are the moneymaker. they're also global players. if you look at china and europe, governments in those markets are pushing towards electtryification of vehicle. china wants electric vehicles because of pollution issues. companies are developing those products, electric cars for that important market. they face uncertainty here. one of the reasons we're seeing attempts to american companies such as fiat chrysler with
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renault which failed. but the idea of all this uncertainty, these huge costs these companies face when you have got electrification of the power train of the vehicle, you also have investment for autonomous vehicles, the bills are stacking up for these companies. connell: we say it with trade a lot, it applies here as well, it's complicated with all the global supply chains and the rest. good, to see you, tim, thanks for coming on. melissa: breaking news. ubers operating and marketing chief are stepping down according to a shakeup. according to bloomberg. the shares are down after-hours following the report. 1%. that is interesting. connell: 4:23 p.m. on a friday, start to see people leaving companies or announcements coming out on it. melissa: any kind of bad news. connell: speaking of news, theresa may stepping down as leader of the great britain's conservative party. how the brexit mess takes shape
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after her departure. tariff fears and bad weather really continue to hurt farmers in the hawkeye state. which 2020 contenders do the farmers think can make a real difference? that's coming up. ♪ 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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connell: ushering in a new era. the outgoing prime minister theresa may formally resigning today as leader of the conservative party in great britain. that officially triggers the race to be the next leader of the uk. fox news correspondent benjamin hall live in london with all details. reporter: theresa may actually announced the decision two weeks ago. she wanted to wait until the president's state visit was finish and d-day commemorations were over before formally stepping down. now that the president left, what is likely a birth race to succeed here. 11 candidates publicly said they will seek to replace here. over next six weeks there will be series of votes by
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conservative mps only, while they whittle down the candidates until two remain. roughly 120,000 conservative party members pick the winner from those two. brexit ultimately defeated theresa may and it will be brexit that will be front and center of this leadership campaign. for now, all the front-runners support what is known as a hard brexit, a clean break from the eu. many have indicated they would seek to renegotiate the divorced deal or leave without a deal. meanwhile nigel farage, a leading figure in the brexit camp, a friend of president trump's visiting downing street today to request a role in upcoming brexit negotiations. until thousand he is been largely ignored by major parties. after a resounding win in european elections, he now holds considerable influence ahead. when president trump was here earlier in the week he made it clear he would work with whoever was prime minister. based on what he said in the past it is clear he would favor
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a brexiteer. the name that keeps coming up is boris johnson. we'll find out in six weeks. connell: benjamin hall in london. melissa: breaking news. a senior white house official telling fox business's edward lawrence, there are no plans right now for the president to meet with the mexican secretary of foreign affairs in d.c. on the looming tariffs. we'll see. connell: plenty of time. >> plenty of time. connell: only friday. not even evening yet. melissa: not even. connell: we until monday. breaking up big time meantime, asking for money. how democratic candidates are taking on technology companies as they rake in political donations. details coming next. melissa: plus one shove costing hundreds of thousands of dollars. why the nba is suspending a warriors minority owner, hitting him with a big fine after an incident with a raptors player. connell: aye yi yi. how about some free pizza? melissa: nice. connell: you have to put your phone down first for curry pizza company in fresno, california.
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then they're asking them for campaign donations. how is that going over in silicon valley? joining us now, christy setzer, new heights communications president, democratic strategist and ford o'connell civic forum pac chairman. he is also a republican strategist. christie, does this undermined do you think democrats credibility as they say we'll crack down on big tech, make sure everything is done about it book when they're not and take away privacy and take money from them what do you think? >> i think it has potential to because people have complicated relationship with big tech. for example, i think that it is pretty rep represencable that facebook did not take down video of nancy pelosi making it seem like she was drunk. i think it is disgusting twitter won't punish white supremacists accounts, yet i'm still on facebook and twitter. most people are too.
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unless you see this big outcry from regular voters on this i just don't think it is too much of an issue. melissa: ford, when you take money from somebody that you are supposed to be regulating that just instantly creates a conflict of interest, doesn't it? >> presents a contradiction from democrats, particularly given what nancy pelosi is saying on capitol hill. i agree with christie, democratic primary voters don't care they view bid tech more favorably and wall street. this will only become an issue unless elizabeth warren makes an issue in the primary. the big opportunity for donald trump to take democrats to task because every democrat is lining pocket from silicon valley. melissa: why would they give them money if they're out there calling for them to be broken up? they're constantly railing against them why would peep
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people from the companies, google ponied up $341,000, people from google to democrats so far this cycle? i don't understand why they would support these candidates? >> i mean think policies are going to be more aligned. the truth that is exactly the argument if you're one of these candidates, that i will use if you are attacked for taking any from big tech, you know, they know where i stand. i've been very clear that i think we should be regulating them. if they want to give me money, fine, right? that is what you will hear if this becomes an issue. melissa: it becomes one of those purity tests where you don't take money from this one and that one. anyway, while you're here iowa's gross state product estimated a loss of one to two billion dollars from tariff war while the season's record flooding will shave $2 billion off the state economy, as 19 democrats, and the president are set to campaign in the key caucus state this weekend, into next week.
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ford, how do you think, do you think democrats will take advantage of that as they go in? aren't they saying look what the president has done to you? >> they will try to do that. if donald trump will win re-election to hold iowa and six electoral votes. i have given $8 billion to keep farmers on their feet. like illegal immigration an joe biden, democrats do not think china is a problem. if democrats think that is great message to take to the heartland, you care more about the rest of the world than the average american working class person, roll the dice, donald trump will win iowa. melissa: christie, go ahead. what argument will democrats make? >> first i'm confused. is the argument democrats will say china is not a problem? no, the argument -- >> joe biden said it is not a problem. >> that is not what he said. he said his approach will be very different. his approach will be to rally our allies, something donald trump has failed to do again and again, completely incapable of doing because he
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alienates them -- melissa: like the uk? >> yeah. i mean. melissa: alienating uk? have you been watching tv. >> his approval rating there is something like 22% whereas obama's was 72. yeah, they're not a big fan. so, anyway look, obviously i think that it is going to provide a massive opportunity for democrats to use donald trump's trade wars against him and say, you know is acting as though he will hurt other people -- >> it is not trade wars. we're talking about china. that is what you're saying most affecting iowa. farmers understand where donald trump is at. he is trying to make them whole between now and then. here is the bigger problem for iowans. that is flooding. where the president has them back. sometimes congressional democrats don't feel need to pass a disaster bill. >> whoa, whoa. melissa: he definitely looks like he was alienating the queen this week. >> thank you. connell: little more from
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silicon valley you got to talk about a few years ago. a venture capitalist mark stevens, who owns a stake in golden state warriors basketball team. he has been banned from nba activities for a year and fined cool $500,000. he pushed toronto raptors player kyle lowery after lowery dove into the stands for a loose ball. claudia cowan in oakland with more. reporter: mark stevens i can tell you is falling on his sword. in a statement he says, quote, what i did was wrong, there is no excuse for it. i made a mistake and am truly sorry. he reached out to lowery to apologize. lowery said being rebuked and by a team owner no less, deserves harsher punishment. >> what i feel a guy should not be a part of our league, being honest with you. reporter: other players agree. laker superstars lebron james blasting stevens on instagram.
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he knew the rules more than just the average person watching came courtside. for that something needs to be done asap. stevens is venture capitalist in silicon valley worth estimated $2 billion. as a minority investor reportedly owns about 8% of the team but maybe not for long. multiple sources are reporting that the warriors may force stevens to sell his share of the team. connell: you would think they would. claudia cowan out in oakland. melissa: interesting. farmers feeling pain. tariff fears combined with constant rain leaving nation's farmers with very few options. many could go without any crops this year. we're live in illinois with details on all of this after the break. me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo!
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in illinois for about half of the corn typically would be planted has now been planted because of wet weather. this is what wet weather will do to the ground. look at that. i don't think they will grow much of anything in that? i want to talk to matt, who has a farm in tweet illinois. thank you. we're up in here, close the door so we can hear you. it has been quite a spring. >> it has. hands down the most challenging spring we've had. haven't been able to get in field a few days. reporter: some state only 1/3 of corn that could have been planted, has been planted. you haven't even gotten your corn in the ground yet. >> no. we're still working on it. half of our corn is in the ground. still working on the last few fields we can plant. we'll see what tomorrow brings. if we have more dry fields or not. tort. reporter: connell on top of this
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we have a situation, first i want to show you something. this is beautiful sunny day as you see on the other camera. this is one of the first ones you have had. look at videos farmers have been posting on twitter, that have shown incredible scenes of pouring rain. fields look like lakes. it is crazy. >> we had our share of that. first day we were planted, we planted 8:00 in the morning until 1:00 in the afternoon. a huge rain came in, knocked us out for two weeks. reporter: problem, don't get it in the ground. you get it in the ground late. don't get that much of a harvest. that would typically force prices up. corn prices are up some, this condition would normally push them up a whole lot more. stop it there, matt. i want to pop out one more time. because of situation with tariffs, specifically corn as it relates to mexico, because mexico is a huge consumer of corn, and soybeans because china is a big consumer of soybeans. i loaf you -- leave you with
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this. man, i don't know what that will do to the yield. can't be anything good. connell: great job by you, jeff. reporter: when it rains, sometimes pours out here. connell: great job showing us literally what the guys are dealing with. it is tough. reporter: appreciate it. melissa: joining us by phone, the national corn growers association president and also a farmer in nebraska. talk to me about the conditions and what it is doing for farmers. >> melissa, this planting season is a huge story. actually we're dealing with a situation that is as bad as it has been since records were started to be kept in 1980. and, as of monday, nationally, we only got 67% of the corn in the ground. we've got a weather break here over the last few days, and as your previous segment showed,
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there is planters running everywhere in a race against time here and we're probably through the weekend start to approach 80%. but that is a huge number where 20% of the acreage anticipated is not in the ground and time is running out. melissa: so what does that mean for farmers if they only get that much in? >> well, depends on which part of the country you're in because, effects is all over. we've got folks that have large parts of their farm just literally under water right now, and that is not going to have any kind of a crop whatsoever. and so you know, some of the forecasts are that preventative planting could be as high as 10 million acres and that is a
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lot, or 10%. personally i think it would run a little bit higher than that. melissa: for people out there in the audience don't know, what is preventative planting? >> it is just exactly what it sounds like. if you're facing problems with weather, and usually there is a weather event somewhere in the country every year because of the big diversified country that we have where conditions are such that farmers just cannot plant a crop and there is basic insurance provision through the risk management agency that if a farmer cannot prevent or plant his crop, then he can collect up to 55% of established costs for his area. melissa: yeah. >> but 55% is way less than what he would be anticipated and it
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is a matter of just an insurance policy when conditions are just terrible. melissa: can i ask you a little bit about the math on that because if you have insurance against not getting your crop into the ground, but then you have the tariff war going on where you weren't going to necessarily sell it all anyway, is there any way they come out better off? >> no because usda in this case made a determine because if you didn't plant a crop, then you're not eligible for the market facilitation program. so it is not a situation of taking advantage of both. if you did not get the crop in the ground all you have is preventive planting, that is not intended to make a person whole on a terrible planting event. melissa: all right. lynn, we're all thinking of you guys out there, keeping an eye on the story.
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best of luck. thanks for coming on. >> good to be with you. connell: so tough for all those guys. we'll shift gears, something more upbeat as we continue here. world cup 2019 is underway over there in france. we'll talk about what you can expect as 24 teams, including number one ranked united states of america are fighting for the title. that's next. ♪ ther 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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and everything i love. neither should you. tell your doctor to lower your ldl and reduce your risk with repatha®. pay no more than $5 per month with the repatha® copay card. melissa: breaking news right now, you are looking at it, president trump and the first lady arriving at joint base andrews after a five-day trip through france and ireland and the u.k. we're going to bring you any breaking headlines from the president this hour. he does like to stop and talk to the cameras. there you go. connell: oh, man, all right. look at that. setting their sights on victory, the women's fifa world cup is underway. they are playing it in france this year. team usa is still ranked number
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one in the world. the goal, though, of repeating its world cup champions, anything but guaranteed. the tournament is expected to be the most competitive in years. fox news headlines 24/7 sports reporter is here. you can hear him on your sirius xm 115 every morning on the radio. you're staying up late for us. >> for you, anything. connell: i listened to a little bit. france had a terrific beginning. they are the home country. we think about money here all the time. from fox sports perspective, i guess they need the u.s. to do well, right, at least make a final, that would be great for ratings? >> i mean, consider what the 2015 final was the highest rated soccer match ever and the success of the women who had such a better run in soccer than the men of the united states don't quite have the same financial support that the men do, and they are fighting greatly for it. it was just a few months ago in march they filed a lawsuit against u.s. soccer federation, trying to fight for equality.
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total prize money for this world cup is 30 million dollars which is twice what it was four years ago. so there is progress. when you consider that men's world cup total prize pool was 400 million dollars? these women are fighting for great reason, especially because they are drawing in the viewers. connell: when they play here in the u.s., for the most part, they fill up soccer size stadiums. they do to your point very well in tv revenue. so that's an interesting fight. i would ask you a sports-related question related that, though, if you think about it from an athlete's perspective, these women that are on this team are going to be asked that question over and over again. i wonder if it's a distraction in this world cup a little bit >> it may be, but this is something my opinion would be it would be best for them to own. they have started this great fight and stay it in all the way through. at this stage, where they are now, and particularly based on their success, that they will draw more attention as the tournament goes on, this becomes an opportunity for them to spread an important message on a global stage, and they do have the support of women from other
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countries. connell: they have a lot of well-spoken members of that team who are capable of doing it. i will say this, they are almost a victim of the game's success to some degree. it's going to be an interesting tournament. france did well today. they are a good team. u.s. they are number one in the world but the women's game has really grown; right, soccer wise? >> in a huge way, u.s., germany, france probably figured to be the three best here. we want to see i'm telling you connell what will be best is if a lot of women are watching this world cup, not just men. more men watch the women's world cup than women do, when you think who the advertisers are going to try to attract, you want to be bringing in women here to grow the sport, from the smallest part in our country, little girls playing soccer. connell: no doubt. and they go to the games. that's a good point whether they watch on television, that becomes an advertising story. we will be watching it here. jared, good to see you. >> thank you. connell: i will say that was maybe what i was doing before the show today was watching a little fox sports. [laughter]
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melissa: i know, i was seeing it throughout the building. people were watching it. it is a lot of fun. connell: it is a lot of fun. that brings to us the weekend. we've made it. melissa: absolutely. that does it for us. have a great weekend. connell: have a great weekend. we will see you back here on monday. bulls & bears starts right now. david: we have breaking news. that of course is air force one, the president coming back from his trip to the u.k. and europe, very successful trip. he is going to be making his way from andrews air force base to the white house of course on marine one. if he says anything when he arrives at the white house, we will bring that to you, whether it's taped playback or live, but meanwhile, the president back from his trip to europe. hi, everybody. happy friday. this is bulls & bears. i'm david asman. joining me is the panel today. let's go straight to edward lawrence who is at the white house where the president is due to arrive momentarily. edward, the talks

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