tv After the Bell FOX Business June 10, 2019 4:00pm-5:01pm EDT
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that's the place to be. stocks have been down and out for about the last four years. liz: okay. you just got in the chair. will you come back? >> of course. >> john burke. we're going to give him more on facebook.com/liz claman. that'll do it for the countdown. we are off the highs. starting with the stock market ending in the green today. optimistic about trade. the rate cut on the way in the dow 1765. higher. certain alpha the high, the longest in 13 months now. the dow gestural s&p 500 and the nasdaq both in the territory as well. five straight days for both of them. the longest streak in two months. that is backup within 7% since a correction territory. that was just last monday. >> it's amazing. >> a lot going on, this is "after the bell". more on the big market, first
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here is wha what's new at this . finding common ground. mike pompeo adjusting the u.s. steel mexico moments ago. a move he says reflects diplomacy at its finest and critics are saying this could put pressure on china to strike a deal of their own, we are on the ground at the white house. chaos in new york city, a helicopter crashed into a high-rise building in midtown manhattan this afternoon. killing 1%, new york city mayor bill de blasio saying there was no indication that this was an active tear. we're live with active scene of this with the latest. massive crowd flooding streets purchasing a new government proposal. why the move to put the chinese rate entered region at risk. connell: coverage hear from washington, the top story, susan lee on the floor of the new york stock exchange. edward lawrence following the
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big developments from the white house. let's start with you. >> we have not only mexico information, but also in china, we found that the china exports increased in may, but imports into china decreased. soybean imports alone decreased 24% going into china. some experts and analysts are saying their increase because companies in china are trained to rush out and get orders on a vote before the g20 summit. president donald trump says he could impose tariffs on everything else and china imports with a meeting with she champagne and if it goes poorly or doesn't happen, they confirmed in a meeting and will not happen. >> he said that he wants to work out a trigger. it is about having action behind the word and having talk that means nothing. the administration wants to point to how quickly a deal was made with mexico.
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they say if a copy or country steps up to the plate but a trade-in can be made ordeal can be made really quickly. mexico's president has said it was a difficult ten days and in fact ford affairs goes on to say they are hopeful for the future and say this deal shows that you ask u.s. and mexico can work together. >> there are no tariffs today. there are no tariffs in the 90 days, 45 or and 30. second point. migration is separated from commerce. we moved each topic to his table. it is dangerous. >> he added removing 6000 troops to the southern border, the national guard troops the border with guatemala. that is was going to happen, what would change would be the timeline. he said that mexico would move
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forward, tariffs force them to move were quickly and they're going to also asylum-seekers waiting for sound in the united states will wait mexico in larger volumes for the hearing in the united states. connell: thinking. melissa: here for the reaction. i tried. i'm sorry. jon scott martin from asset management. he's a fox news contributor. i will start with the first. what is your reaction to what happened. >> the market is new, it seems it was going to get result, we so mexico rushed to the country to negotiate as soon as the plan for tariff was laid out, more or less. and now we have a good solution. what are your thoughts? >> if you look at the mexican peso up about 2% where was, as you said investors in the u.s.,
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they were not worried, i heard from a couple folks, they were looking at this insane, the timing does not seem to add up there's going to be a quick deal done on this. and things will get back to where they were. wall street for some time has been pricing out the chance of a bad outcome on trade. they think the tariffs are negotiating technique and president trump doesn't mean when he says and eventually everything will work out and will get together and kumbaya. melissa: i don't know if that is still what everyone thanks. when i talked to actual human beings other running companies and trading, and things will work out with china. and to offer a more immediate solution. what do you think the lesson wall street has learned? >> from talking to some of the business people or people similar, they are expressing the
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same concerns. people are worried. i think the longer this draws out, the more it looks like a less attractive deal or no deal at all. june 28 is going to be a big day. certainly yes because my 41st birthday but also because we could come out of the summit with nothing done and then it shows how much more china wants to persisting head. this is a big risk to drawing on where china will lenient and we may not have room much record. >> will circle the on the calendar print. >> the other thing, big mergers, a couple announced on wall street, merger monday for susan lee to cover at the stock exchange. reporter: more than a years days of gaining a billion-dollar deal, one woke up paying $15 billion, and the largest acquisition ever by sales.
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they are paying 40% premium plus and that's a lot of money to spend for self-worth. the stock was down as much as 8% in the session because at some point you have to monetize this and has to increase on the bottom line. >> what's the biggest merger of the year. we have united tech announcing their merging together, they are getting together in a merger that is equal so no premium team paid by either side. this will make up the second largest in the company of the world by sales and still behind boeing in that regard. some are questioning the timing of the merger announcement because they are sending off for the units which is the elevators and carriers and building systems, as you see they were down and rates up along with other names and their questioning whether or not to get the approval. >> back to be entered. connell: this is a big one.
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what do you take away from the quick. >> we will see a lot of mergers like thi this the rest of the pd in the case of crm which is salesforce thicker, these stock to buy software twee owner happy about the takeover. there are other interesting companies out there, square is one, schooling, that the company name. these companies like salesforce are going to find other companies to make them bigger and better and maybe in the case of square, 30 struggling to make a profit but when somebody' comk them up they can be something good. >> salesforce is down on a number of videos beyond recent year. this is just another one. in the rate of united technology. is there messaging here or just
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a couple of deals on monday. >> i think it's really interesting and i wrote about this in the newsletter last week. you are seeing a reduction, pretty serious reduction of cross-border. is feels like these deals are happening with countries within the same countries, companies within countries. what you're seeing a lot less of this year in particular is a cross-border companies working across borders like you stole the merger all apart, that has been pushing higher with the amount of m&a that we've seen throughout the world.the past five to ten years. companies right now are settling with borders where the laws of the same and not having to deal with much government intervention. we can see more get pushed forward as company say we don't know what the climate will be. you have to make something happen now. melissa: big tech under pressure. their compiling rules for close
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tax loopholes by facebook, google and amazon. what strikes me about the story, they are trying to stop ireland from getting all the businesses but is the country smart enough to arbitrage on the tax perspective is in their quick. >> is always going to be someone to say will put it out there now and make it up in the backend, lower the taxes, five, 0 or two somewhere the money will come back. businesses are smarter than the government and showing it time and time again in government, he might have to see in international relations, businesses find a way to make money and keep the tax. >> to his point i would add the faster the government. that makes the other part difficult. they can leave a little faster than the punch. i think the companies get
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vilified for making good business decisions and for the business in general. it doesn't seemed like a great way to operate if you try to lure them and say will treat you very well. >> i love like amazon are not paying any tax but it's legal, you guys are the ones that set up the rope. >> thank you to both the you. >> offered healthcare to undocumented immigrants. california to send benefits to those living here illegally. melissa: taking over the streets in hong kong, over 1 million protesters are fighting against a new law that would allow china to expedite people to the mainland. look at all those people, that's amazing. >> multiple deaths in the dominican republic and what officials are saying is happening in the popular to tourist destination. a lot of people talk about this. later in the hour.
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or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. melissa: the first in the nation, california is going to be the first state to offer healthcare to illegal immigrants. state officials estimated the plan will be available to about 90000 low income illegal immigrants. between the ages of 19 and 25
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and the cost is $98 million a year. dan hannigan from the wall street journal. he is a fox news contributor. it is interesting when you look at the details of this plan. they are allowing people to be on medicaid who are in the one specific age group and you cannot report income if you have any because you would not qualify at this point. >> what do you think, what is the externality that we are not seen coming. >> i think it's wonderful that they're doing this. this is a beautiful exercise and federalism. certainly the people of california want to tax themselves to provide medicare to free illegal immigrants, they should be free to do so. i like this to experiment. they say it will only be a certain number of people that will be eligible. you could tip guatemala on their side and the caravans will run
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straight into california to take it manage of the program. it's a tremendous incentive for people and illegal immigrants to come to california. meanwhile the impose a tax on people who do not have health insurance, that will be younger healthier people and the ones that are supposed to pay. it's a beatable exercise and federalist. melissa: they said that they are ready for this that they have the money and it's not a problem at all. >> their huge surplus. but they won't have a huge surplus forever. if the economy turns down the numbers that are joining the program, they will rise, the program will not go away and become permanent inside the state of california and will be downward pressure on the economy when the economy turned down. that is the way it works. but the democrats in the states in california, if i dare say new york become so disconnected to route into reality that they can
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do this thing without paying a long-term price. >> why you're here the 2020 democrats former vice president joe biden in iowa over the weekend. >> i understand that there's well-intentioned, democrats and candidates who believe the best way forward is a middle ground strategy but it's a failed political strategy. >> i'm not spending my time with high dollar donors and with corporate lobbyists. >> we will not win by playing it safe, or promising to return to normal. we are where we are because normal broke. >> normal broker rate. biting has been flipping, is a one-week phenomenon where a bunch of bad press and he flip-flopped on the hyde amendment and others. or do you think he sincerely losing steam. >> i think he may be losing steam.
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what is going on is extremely interesting. when you listen to people like bernie sanders, elizabeth warren and pete buttigieg, they said something that spoke for the rest of them when he said the conoco back to this country as it was pre-donald trump. that was eight years of barack obama, what seems to be going on is a new democrats want a really radical change and i think eventually we will find out that that means a change from the obama years as well. and i think obama was the most left-wing president that we ever had. what countries being defined by bernie sanders, elizabeth warren and pete buttigieg. they think joe biden represents business as usual. if barack obama was business as usual they would move the country pretty darn far left. melissa: thank you so much. connell: helping to maintain the
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dominance. new version of the police interceptor line. it's a pretty cool stuff. he took one out for a test drive in new jersey. >> you know everybody buys suvs, that goes for police cars as well. ford sold 30000 police interceptors last year. the ford explorer, more than every other owner is talking about. a whole new one coming out this summer and explore you'll be able to buy gives us most important police vehicle. you can buy these right now. ever the one around the track and the hybrid, the one respect most people to buy, $41000, more importantly you're on the side of the road you don't need to run the engine or save more fuel that way.
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however, it has 18-horsepower and solely pursuit rated. connell: moving pretty good. melissa: it will have to be fast if it's going to catch me. [laughter] very cool. severe flooding in arkansas av neighborhoods completely underwater and hurting struggling farmers. arkansas attorney general joins us after the break in avon entering a new business avenue. how the credit cards can end up being a big risk for the company. ♪ this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches
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residents and farmers in the region struggling to start rebuilding in arkansas attorney general joins us in attorney general, thank you for coming on. where do you even start with those numbers. most of the numbers you're working with adjuster to rebuilding effort and where you start? >> this will be an incredible rebuild for the states. we have seen the national authorities working together to bring these families together and seeing exactly what the damages. the 8 million number is just talking about the families homes impacted but were looking at $100 million in infrastructure costs, 850 homes we know were destroyed possibly more in one community alone, there's an incredible amount of devastation. >> was the split between local and state responsibility and sometimes it affects timing in previous disasters. >> that's all hands on deck.
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they have been working very closely with federal regulators and authority to make sure we have the resources that we need through fema and we appreciate the president declare an emergency and that will be a great deal of help. the arkansas not international guard has been dropping in applies as well paying for livestock. that is one thing the arkansas has a big agriculture state and affirming in agricultural communities have been hit hard by the floods it's a great economic impact on the state and something, it's personal. >> is not the only state that is going through tough times but most recent flooding it is one that is front and center for that particular reason, the farmers all across the middle of the country have had a tough time for the last six months maybe even longer. a lot is whether in some trade. how are people doing and what recourse do they have to get
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themselves help and really quickly. they are doing billets for lack of a better term on the trade front. but it's more than that. >> i spoke earlier today with the secretary of agriculture as well as farm bureau leadership in arkansas about the efforts being made for those impacted by the flood. certainly the trade is a big deal and something were all watching. i assure you we are watching it every single day to see what happens. >> i just want to ask you, i don't know what you're doing about it. i was down in louisiana with the president and one of the farmers was telling us that they were not eligible the money that came in from the federal government last year because of the weather, they were not able to plant crops and you're only eligible to get the federal money if you did have her crops planted. you guys might run into that too. because his floods were farmers, they'll need a different type of
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assistance. >> there are instances where plaintiff prevention insurance are available for those we were not able to get the crops in. the weather has been very devastating for many farmers. we were not able to get a implanted this year in a number of farmers in the state are late getting there soybeans into the ground where big bryce state, rice likes water but this is a lot of water. >> is absolutely devastated. what are they doing day-to-day, you said 850 horn have been destroyed. >> we have had a mass response of volunteers, local and state authorities county officials are working hand-in-hand to make sure families have shelters to go to, churches, other entities taking the families in and making sure they're getting food, water and the recovery efforts are getting information out in that way they know not to
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take food that could be sold or bottled water that might be spoiled we want to make sure that as these are being received or taking care of themselves and each other and we always do were very strong one big small town. >> we appreciate your time and we hope you will come back. we would definitely want to follow up and make sure all this money gets to where it needs to get. melissa: consumers with bad credit, amazon is launching a new credit card service targeting those with low credit scores or even 0 credit history. live in the newsroom with more details on this. >> this would be a new segment for amazon given some could have credit scores below 300 points. very low also targeting the unbaked sector, there is often a close card for you to get technical it means the credit card can only be used at the retailer. the retailer being amazon.
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you are wondering what are the details of this amazon credit builder, credit card there is no in novi, is a 5% cashback only on amazon purchases, the whole thing you have to buy in the store requires a refundable security deposit and let's say you can only afford $200, that also becomes a credit limit and be aware that the apr, is 28.24% which is much higher than a lot of other retail cards and there's a catch, going through some of the details, he said the 5% cashback, you have to become an amazon prime member and pay $119 for amazon prime account in order to redeem that cashback. however, if you open up the account you get $40 in gift cards toward amazon. there's a lot of details they're not putting out an open i.
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for the next seven months on time you could be upgraded as well but you cannot have five biggebankruptcy. this came from literature, think of all the credit cards that you have in your car, the store credit cards. according to the survey, almost 1500 people, 47% regretted buying the store card or getting it in signing up for the store credit cards. i'll leave it to audiences to decide this is a new one for amazon to go after the low score population. melissa: way too many rules. >> i was just going to the mall. melissa: thank you. connell: a warning from iran uranian administrators say the united states cannot expect to stay safe. there will be a response to that. melissa: the bottom of the depth
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in the dominican republic. what officials announced after multiple meant americans lost her lives while visiting the vacation hotspot. connell: live on the scene the latest from helicopter that crashed into a building around the corner and midtown manhattan. we will take you there next. only pay for what you need. liberty. liberty. liberty. liberty. ♪ metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy,
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helicopter the crash into manhattan. >> behind me the streets are slowly moving opening up. this area of the helicopter crash happened, it was completely closed off before for emergency vehicles to be able to come in service the emergency. the building is safe it was evacuated earlier, this crash happened to a half hours ago. it was a privately owned helicopter that had visibility issues and that is why it crashed on top of the building. one fatality believed to be the pilot of the chopper. the mayor saying the fire on top of this building was extremely difficult to extinguish it was more than 50 floors up.
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with the kind of weather we are experiencing in your city today how difficult that was. first responders got to the scene and acted at as orderly as possible. i talked to somebody evacuated from the building said while it was jarring interpreting to hear impact when helicopter crashed the emergency authorities helped evacuate everybody in an orderly, safe way and everybody remained completely calm until they were out of the building. no indication of terror, no threat to the public. emergency responders are now starting to open the area and evacuate the scene. back to you. >> one person that believed to be the pilot. the mayor said it could've been a lot worse. melissa: escalating tensions with iran. the u.s. cannot expect to stay safe after what he called an economic war. could the economic pressure backfired on the u.s.? let's bring in retired general
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strategic analyst. what do you think of the comments coming out of iran? >> i think it's pretty typical. the forming a lot of bluster, beginning with the domestic and severe economic pressure. the economy contracted 6% and it's in the tank in terms of current evaluation. the inflation is at 37%, food shortages and power outages are on a regular basis. the growing basis rest in the country that's a pressure point that they feel and that's white these comments. it is also why the military and intelligence services detected that the iranians seem to be preparing for some kind of complex attack either against a u.s. facility or u.s. troops which obviously, we put troops into the area to safeguard against the possibility. >> the people who do not support
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the president say things like that and say he's making americans unsafe by putting this much pressure on the regime as opposed to trying to have a dialogue in the end result is that they do lash out and kill people and that would be the result of the president? - that's an argument that can be made but the specious argument. the president walked away from a nuclear deal last year end the europeans are up in arms about that as are the iranians. it was allowing them at some point in 15 years, to move to nuclear weapon that they decided to move to in a threshold with taking ten years which is just around the corner and the president looked at that and said no good, that's a lousy deal. he went back to the europeans for almost a year to work with france, britain and germany to see if we can improve on video, they would not make something of the changes a video of the
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president walked away. as a result when it was struck initially with the iranians they receive $130 billion which has been fueling what they been doing in the lease. they run the civil war in syria, they toppled yemen resume which was friendly to the united states into allies and they have influence in iraq, they provide the missiles to the hamas, and by close of 600, every one of those is an iranian missile. melissa: let me ask you about less extreme cases this is an argument that they make a lot. whether it's china, russia, one of the sanctions or to lever negotiation like mexico has a real potential to backfire. for example, one of the arguments was china, this is a
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regime that while they're doing all kinds of things that we do not like they are not as bad as regimes before them in more of a friend to the u.s. and china has been in the past and if we put this much pressure on them and damage the economy this could backfire and not only could the economy turned down but we can in the up with a regime hates america so much more because we made them miserable. >> we were hoping that china economic reform would lead to political reform the more authoritarian regime, 2 million muslims in the concentration camp and tens of thousands in the own jail cells, lift taken over the indo pacific region during the obama administration at the expense of rallies in united states, president g make statements that he fully intends
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to replace the united states as a global power. our critics would have ringer hands over that entry china, let's not impose any tariffs, let's not put into perspective on the south china sea and other minor alleys every single day, last year japan alone because of china's airplanes on japan, 637 times. in one year. and there up 30% this year. that is just typical of what is going on. people have been sitting on their hands and doing nothing. this ministration is looking at the problem, much more than tariffs and saying we have got to deal with this, this is a long-term strategic threat, to the american people and anybody that does understand that. the administration is picking up the ball and running with it.
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now on you see something like that. it's a common argument from the other side -- >> i think the tariff infrastructure impose on mexico, if we actually had to do that and had to go beyond the five, ten, 15 that the president was talking about in terms of escalation and given the nature of the trade that takes place on a daily basis with us. a major trading partner that would have adverse impacts and could backfire. i think what we're doing with china which is much more than tariffs that were pushing back on is the right policy. we have a whole government approach with her alleys in dealing with china aggression. they are the aggressor, not the united states. -.
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melissa: we have to go the president's going to break in. thank you so much. breaking news, this is president trump speaking to reporters. >> we have a lot of great folks working very closely with near city, near state and is a tragedy as to what happened and what happened. but a very sad event to follow we will have a full report on that soon but the people are working with the city and state and they have a full report very soon. thank you very much an audible >> i been watching him him one of the networks and it's not exactly trump oriented and they paid him a lot of money over the years. john has been a loser for long time. we know that. he was disbarred and went to prison, other than that he's doing a great job.
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a[inaudible question] >> women agreement on something and they will announce. it's all done. they have to get approval and they will get approval and if they don't get approval will have to speak in terms of tariffs or whatever. just another aspect of what we've done. it was all done because of the tariffs and because of the relationship that we have. i spoke with the president yesterday and by the way i was with the president of france and he's a great guy. he's a great guy. we had a great conversation the other day. i think you will see real action. when you think of it mexico is doing more for the united states as of now then congress and specifically the democrats have to get their act together, work together and get something done because we have a tremendous problem at the border and people pouring in it means crime,
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drugs, so many other things. were building a wall and will have close to 500 miles of wall built the end of next year, that's a lot and were moving along rapidly we whe one the fot chase. a lot of things are happening but i want to think mexico and we do have one other thing that will be announced but they have to get approval from the legislative body. i don't think that will be very well. it's all done. we impose tariffs if they don't show up to the g20? would you be insulting? >> i'm never insulting. i've learned not to be insulted. i think the president of china, great relationship, i think he will be there. we are scheduled to talk into meat and interesting things
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happen. we are getting 25%, $250 billion worth of goods, a lot of money pouring in we have never gotten 10 cents from china now are getting a lot of money from china and that's one of the reasons that she's in pain was swasso high. we always have the option to raise it 300000000025% in the 25% to be much higher than 25% roger penske said that's enough. [inaudible question] if democrats open up impeachment inquiry and it helps to reelec reelect -- >> you cannot impeach somebody when there has never been any thing done wrong. we have a no collision, no anything. no obstruction, no collusion, no anything, when you look
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impeachment, whether it's president clinton or president nixon never got there, he left. i don't leave. a big difference. we did nothing wrong but create the greatest economy of the history of our country, we did nothing wrong except rebuild the military and nobody has ever seen before, we are doing a great job, the country has never been stronger and i think having simon and roger is a tremendous honor and these are champions, these are the people i like, great, great champions. [inaudible question] [applause] connell: that was moments ago at the tail end of the event that was being held at the indianapolis 500. melissa: now we can see what it was about before we cannot see the car. connell: they didn't get the reference. the limegreen helmet would you
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say? melissa: i love it. the car is amazing. connell: certainly china saying they expect to meet with xi jinping about the helicopter crash in new york as well as some of the testimony from john dean on capitol hill. among other topics the president covered a lot of ground. melissa: isolate the car. the growing mystery as a fourth american tourist has died at an all-inclusive resort in the dominican republic a month before three others died in the rooms. live in the dominican republic with the latest. reporter: fox news has learned this man of california got sick almost immediately after he had a scotch from the minibar. he died shortly after by being in good health before his visit. officials say an investigation is underway but despite four
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deaths the countries hotel and resort very much open for business. >> in 50 years that this hotel chain has been operating there has not been one case of a hotel employee that is been aggressive through tours. >> they say autopsies indicated they all died of natural causes. but the other three deaths occurred under similar circumstances and could be connected to the drinks being served at the hotel. teams from several international agencies including cbc conducted test at the resort last week. the fbi confirmed that the dominican authorities, almost half of the 5 million tours to visit the dominican republic teacher are from the u.s. and hotel operators are stressing they want to work with american authorities to solve the mystery. >> we have all been working together in this process to make
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sure that everything is clarified. >> dominican officials say the final pathology and toxicology reports should be ready in about a month which could bring much needed answers. in the dominican republic, chris jenkins, fox news. melissa: thank you. the press conference earlier, they said nothing to see here. connell: it is not fine. but that's their economy, tourism. in the meantime protest taking over the street and hong kong. of the controversial expedition bill. look at the crowds. they even shut down the city over the weekend. we have the latest details and look at that after the break. ♪ can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it.
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in the mountains of northern mexico. home to the strongest runners in the universe. my dad's ancestors were african bantu. i bet they told the most amazing stories. with new features and richer stories... ...ancestrydna can show dad where he's from- and strengthen the bonds you share. it's only $59. give it to dad for father's day. but dad, you've got allstate. with accident forgiveness they guarantee your rates won't go up just because of an accident. smart kid. indeed. are you in good hands? connell: this is a huge protest and look at these crowds one of the laurest they've had in hong kong since 1997 more than 1 million people taking to the streets according to the protest protesters protesting again a proposed extradition law. it's controversial to put it mildly, but what this bill would do would enable the government in china in beijing to detain
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people wanted from the semi- autonomous region of hong kong and another protest is planned for wednesday when legislators are expected to resume reville of the bill of the parliament and asian studies policy analyst at heritage. olivia good to see you. i think for people who haven't been following what's happening in hong kong closely striking to see these pictures coming out of the city . what do you think happens next here? >> more than 1 million strong, these protests are sending a really clear signal from hong kong they want to stand for freedom and freedom for hong kong means no extradition law passing beings and i think that what comes next hopefully is not just hong kong raising their voice to call for freedom but also fellow americans, folks from all over the globe, expressing their concern, because the reality is this law has implications for more than just the people of hong kong.
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it has implications for american businessmen who are there for international business, people who are there who could literally be extradited to china , from hong kong, at a moment's notice. connell: let's talk about that a little bit and just for our viewers i'll point out that i'll be in hong kong as of wednesday just as luck would have it we're going to there to do some reporting on china mostly next week on the show you'll hear more about it when the time comes but this event coming up means that wednesday in that city will be a huge day as the bill goes to the parliament so i want to pick up on the last point you're saying for americans doing business and this is a place where a lot of business is done in hong kong, what will the impact be in the short-term of this passes on this week? >> if this passes the impact on business is potentially crippl ing. it means that individuals, american businessmen, international businessmen, hong kong really could be extradited
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at beijing's very request, and so i think -- connell: i wonder if people will just stay away, p.m. will just move out, is it that dramatic do you think people make those types of decisions? >> it will have a chilling effect on business and one that my colleague, terry miller pen ned an op-ed for the wall street journal and he said this may actually impact hong kong's place am as number one the most economically free country in the world inherited economic freedom and it may actually drop its slot. connell: you guys had a number one heritage had a number one in terms of economic freedom right? so that's going -- >> it has. connell: for like 20 years wow amazing olivia thank you. we're out of time again we'll follow it later in the week thanks for coming on today we fresh it. so supposed to be the one country two systems for 50 years which would have went up to 2047 melissa: i can't believe we're looking at the pictures of people flooding the streets and
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that's where you're headed today connell: yes i'm sure we'll have a lot to report on especially if there are more protests. melissa: look at these pictures connell will be in the middle bringing us a live report this is a huge group that impacts your money. that does it for us. connell: bulls & bears starts right now. take care. david: just as president trump has reached a deal with mexico to stem the flow of illegal immigrants coming into the u.s. , california seems to be giving them an incentive to keep on coming. wait until you hear about this hi everybody this is bulls & bears i'm david asman thanks for joining us. joining me on the panel christina partsinevelos, liz peek, gary kaltbaum and jonathan hoenig. california lawmakers taking a major swipe at the president over immigration. the state led by governor gavin newsom is now planning to the first in the nation to give full health benefits to nearly 9 oh, thousand low income to low immigrants at the cost of about $98 million per-year a
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