tv After the Bell FOX Business July 30, 2019 4:00pm-5:00pm EDT
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[closing bell rings] nasdaq is down 21. i cannot stress enough with you while the announcement comes at 2:00 p.m. eastern, jay powell will have a long form news conference. that is when the data comes. >> apple set to release quarterly earnings this hour. find out numbers here first before it impacts your wallet tomorrow. stocks ening in the red after president trump cast doubts on a trade deal. i'm susan li in for melissa francis. connell: i'm connell mcshane. the s&p 500 and the nasdaq also ending in negative territory today. s&p down about 8.
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nasdaq down nearly 20 points. more on all the big market movers, looking ahead to apple. first here is what is new at this hour? strong warning for china, president trump's latest message to beijing as face-to-face negotiations are underway once again. we have details on that from the white house. plus the second round of democratic debates kicks off hours from now. the stage is set in detroit. senator bernie sanders and elizabeth warren are preparing to square off along with eight other rivals. we'll have a previous view from both sides of the aisle coming up in this hour. the communications director for the democratic national committee will join us. so will caylee mcenany for the trump campaign will join us. how parents are working around the system to secure their parents best options.
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susan: negotiators from both sides resumed discussions in shanghai. let's get to fox business's blake burman live at the white house with the very latest. blake? reporter: the backdrop was fascinating as the treasury secretary steve mnuchin and trade representative robert lighthizer were in shanghai to redo you mean talks with their counterpart first time since may, president trump took to twitter to tell china not to wait him out until the 2020 election. the president saying he will win the election. the deal at that point, will only be much tougher. the president recently started to float the idea maybe china is trying to stall until the election. so i asked him, if we should expect a trade deal at any point between now and november 2020? this was his response. >> china would love to wait and just hope, they hope. it is not going to happen. i hope. but they would just love, if i got defeated. so they could deal with somebody
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like elizabeth warren or "sleepy" joe biden. china is dying to make a deal with me. but whether or not i'll do it, it is up to me. it is not up to them. reporter: in advance of tomorrow's looming rate cut the president said he want to see, quote, a large cut and for the fed to stop quantitative tightening immediately. perhaps no one is more critical of jay powell than president trump. so i asked the president if he regrets not retaining janet yellen? >> i don't talk about that. i'm very disappointed in the fed. i think they acted too quickly by far. i think i have been proven right. people have said i was right, they were wrong. the fed is often wrong. the fed is often wrong. reporter: it is setting up to be a day of major headlines tomorrow, san. mnuchin and lighthizer are set up to wrap up talks in the
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morning, tomorrow morning in the u.s. we'll hear from the fed and jay powell in the afternoon. back to you. susan: you got to love them. thanks so much, blake. let's bring in today's market panel. liz peek, foxnews.com columnist and gary kaltbaum, kaltbaum management president. both are fox news contributors. let's start with the fed. i think it is baked in we will get a 25 basis point cut. you heard the president calling for a bigger one. do you think he will get it? >> no. 25 basis points are the most expected case, and prospect of another cut later this year. there has been some call for a 50 basis point cut. the data doesn't support that. it would look like the fed was responding to all the criticism from president trump but most importantly, i just don't think it is necessary, that the fed will do it. susan: knuckling under political pressure. no one wants to look like they're doing that.
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gary, is it one and done or is there more to come this year? >> i think there will be more because i think that is who the central bank is, they're easy money people. every time the market gets into a good correction they lower rates. i don't think they look at the economy. they change their stance in december and january, first quarter, we had 3.2%gdp and today we had consumer confidence that was gargantuan and we'll still get a rate cut with market at all-time highs. i don't know how many but tomorrow will be a quarter. if the president didn't jawbone them they may have done a half tomorrow. they can't do it anymore. they can't look political. talking about china, senator elizabeth warren outlining her trade plan, setting standards other nations must meet to have a trade agreement, unholding internationally recognized human rights, eliminating all domestic
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fossil fuel subsidies, it went on and on, a long plan which come to expect from the senator. senator warren is saying existing deals that don't meet her criteria have to be negotiated. i want to talk about china, the takeaway on this, you heard blake reporting on it, the president has been floating this idea that china, not only one saying it, but he has been saying it recently, that maybe china want to wait him out until after the election. i wonder if it his political interest to do the same. elizabeth warren came out with more aggressive stance than he is, and he opens himself up to the democrats saying you're getting soft? what do you think? >> i think this is mud ditch. president trump wants to resolve the china issue. the question can he do it in time in a timely way also doesn't look like he is basically cratering. he alerted the nation to a serious problem, which basically china's misbehavior.
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misbehavior in in terms of stealing intellectual property. all the things we talked about for months. he can't walk away from those issues. to your point, xi xinping has to be looking at elizabeth warren, holy crow, let's do a deal. we'll never get a deal done with elizabeth warren if she turns out to be nominee. she is the pushing the party left. she is one of the main drivers of the progressive movement. any of these people will be tougher on trade than president trump. connell: except for biden, gary, right? if you look at china's point of view, maybe they're rooting for biden. that seems to be president trump's point of view. i hardly think they want something like that the approach liz warren is taking? >> biden would be much like obama, get along. elizabeth warren we could not trade baseball cards with our kids. i looked at her plan. by the way there is a plan a day. there is every restriction,
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every requirement. heads would explode in all the countries around the globe. we would never have a trade deal with some of the things she is talking about. again i'm amazed how far left, how restrictive, requirement-needy the left is going here. you know, we'll find out a lot more about that tonight. connell: probably will. we'll talk more about that. brings us to a larger point, gary, you should have traded that don mattingly rookie card when it was worth something. >> yeah. connell: susan. susan: preeminent earnings report, apple set to release later on this hour. apple as the stock goes closing down ahead of the high-stakes earnings numbers. straight to the floor of the new york stock exchange. kristina partsinevelos has the latest. reporter: susan you have apple, a few bearish calls. 23 analysts out of 43 have a buy rating. the bar is set a little bit low but don't fret. apple the last eight quarters
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they beat earnings per share, they beat revenue. what we expecting? $2.10 lower than last year on revenue of $54 billion but what are the some of the things we're looking out for? i broke it down to simple three points. the first one is service revenue growth given it is such a large and growing portion of the company's profit line. any type of mention of a new 5g iphone. there is talk they're working on that. last but not least, comments on u.s.-china trade war how they're affecting their sales. they are expecting 13% sales drop in the iphone sales. most recently there was a new update on mac rumors.com. they are relatively accurate when it comes to new apple products. there is potentially, i should say a leak, new 2020 iphones with 5g technology as well as a change in the cameras. the cameras will have, quote, time of flight camera sensors,
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it can create 3d mapping you can create a picture, know exactly how far the person is away from you, how far away the couch is, making it a lot easier. apple shares are down, relatively, half a percentage point, $208.78. back to you. susan: thank you, kristina. we'll have much, much more from apple as soon as those numbers come out and hit the tape. in fact i will be on the phone with the cfo with behind the scenes details. something you don't want to miss. connell: special coverage coming up. requiring more incentives for employees. cities are implementing mandates for workers could end up hurting businesses in the long run. we'll give you a close run how the laws are working in chicago and some other cities. susan: democratic presidential contenders getting ready to take the stage tonight in detroit. we're speaking with the dnc communications director and the trump campaign national press
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now with 10 of the 20 on stage. we're joined at the center of all the action, the national democratic committee national communications director. she joined us live during the first debate in miami. >> absolutely. connell: the way it is being billed, is matchup of the progressives on stage with elizabeth warren supposedly against bernie sanders. obviously there are eight other candidates but that being the billing. as we get set for it, is there a risk, and does the party recognize that risk of being perceived early in the primary process moving this party too far to the left on a number of issues, will it be tough to get back if sanders and war rin are the type that dominate the conversation? >> if you're a candidate on this stage tonight, you're not just trying to go to talk to people, like to our base, you're also talking to all of america. you're talking to those trump voters. you're talking to the people here in michigan who didn't necessarily vote for a democrat
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or came out to vote but didn't vote the top of the ticket. those are the people we want to talk to, as well as people impacted by trump's policies part of the democratic base. if you are running for president, you want to be the president for all americans, not just certain party. that will be important here tonight. connell: is it a real risk a move to the left in the party, you have to be careful? >> i don't think that this is a move to the left. we are talking aabout the issues. everyone on that stage will talk about health care. they will talk about the economy. yes, do we disagree how to get there? do we disagree on our health care proposals? yes, we do. but are we united expanding access to health care? absolutely. you see a democratic party who is united, worried about helping people. there was a recent poll came out talked about people in michigan are really upset by donald trump's tweets. if donald trump wants to tweet all day and put racist attacks
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out there, then he is not going to win a state like michigan. they want to know how are you helping them. connell: that is kind of part of the debate. let me bring up something from "axios," some data they put out quote, dominant storylines out there online. what they found was, in the data they released at least, elizabeth warren, bernie sanders, we talked about, they get far more attention talking about student debt cancellation. free college, than joe biden and senator harris seeing for their issues. there are some kind of disconnect between the issues that get attention online in the twitterverse as we call it, versus so-called kitchen table people care about? i bring that up, you say the president's tweets matter, i'm sure they do to some people, president's commentary but don't people care more about issues that affect their lives than what the president is talking about on a different day? >> you're referring to are democrats talking how they help
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people's lives versus donald trump who is attacking women of color and people who he is threatened by. whether it is twitter, or whether you're talk to rural voter all the candidates are proposing bold policy ideas how to help people. you're right, people want to talk about health care. they want to talk about the economy. that is why you saw both of those issues covered in the last debate. you will not talk about hand size. remind you four years ago, there was republican debate right behind me in 2016 at the fox theater. guess what they talked about? they talked about hand size. we don't want to talk about that. we want to talk about the issues. connell: we remember that. we appreciate you coming back for number two. thanks. susan. >> exciting. anticipate pell set to release the earnings report just moments away from now. i'm about to jump on the phone with the cfo, ahead of the release. numbers you need to know before it impacts the markets tomorrow.
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corey is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking ibrance with an aromatase inhibitor, which is for postmenopausal women or for men with hr+ / her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. corey calls it her new normal because a lot has changed, but a lot hasn't.
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connell: this is really some story. it is a financial aid loophole that is sparking a lot of anger. the education department is investigating a tactic used by wealthy parents using, in order to get money for their college-bound children. jackie deangelis joins us in the newsroom with details. not something that is illegal, jackie, unethical some say. >> that is the distinction. nice to see you, connell. it's a new college admissions tactic. parents are using it to qualify for financial aid. education department is investigating a loophole where wealthy parent transfer guardianship of their child to secure scholarships. typically the grants are based on family income and savings. through the transfer, only college bound child's earnings
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are used and considered. still legal? no. is it ethical? that is a different question a woman in illinois told "the wall street journal" she transferred the guardianship to her business partner and they lived in million dollar home, they lived with income over $250,000 they didn't have money for college. her daughter got $20,000 in merit-based scholarship, 25,000 in need paced aid. it helped with tuition of 65,000 they got. is this fair? no. the college bribery scandal shedding so much light on the lengths parents will go to for admissions now, financial aid. connell: i was thinking about it. if you transfer guardian ship, to someone else, pay my kid's cell phone bill while they're at it. thankthank you, jackie. good stuff. one of the largest data breaches in history. capital one shares falling.
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a hacker accessed the personal information of 106 million credit card applicants. paige thompson, arrested in the hack. a former software engeyer accused of sharing personal info on line, social security numbers, bank account numbers. capital one will offer free credit monitoring but facing a class-action lawsuit over that breach. we're getting close. much. apple is on deck, with the company releasing quarterly earnings any minute. it claims to offset iphone weakness with services, apple store, right now susan is outside of the studios in the hallway on the phone. there there she is. she is speaking to the cfo of apple. she is writing down notes. she is getting insight what the company is about to make public in the report. when we come back we'll not only have breaking numbers but special analysis for you next. ♪
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ulanoff as well. kevin, real quick from you, we might get the numbers. i will jump on you what is the big thing to look for apple? everybody is talking about services looking at that versus the iphone. what are you looking at? >> i'm looking at what they're going to be talking about in regards to china because that is the next leg of growth. their phones are very expensive. they have a hard time say staying in the top five. connell: kevin, let me jump on you one minute. susan will be back in one minute. she is actually on the phone with the chief financial officer. the earnings report themselves is now just crossing on the tape. apple in the third quarter earning 2.18% share. that is eight cents better than estimates, okay? the revenue is also better than expected. 53.81 billion versus 53.39 billion. the stock is up 2% after-hours. we'll dig deeper into segments. susan is about to sit back down,
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in terms of what the cfo told her. kevin, continue your thought. apapproximately beating on top of and bottom line. they have done it again eight straight quarters. go ahead, kevin. >> as i was saying tim cook has said it several years ago actually they need to increase sales over in china and one of the ways they're doing that is actually opening up a data center over there because the government is requiring it of them. the interesting aspect we'll want to see their guidance what the new phone sales for next year because everybody anticipates having 5g capabilities will lead to a refresh cycle. but the problem, you need to build a 5g infrastructure. we know from the cell phone tower carriers they're saying hey, listen, we're having a hard time getting municipalities giving us facility to buildout 5g. if they can't come to your done
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mattingly reference. connell: you were paying attention. stock will add 40, 50 points, maybe more than that if it holds. i'm looking at the numbers. susan is back hooked up and your microphone on if it is, i didn't see the numbers advance at all. if anything, maybe services the number on the screen, that is only thing i see is a little light versus expectations. almost everything else looks good, 11.46 billion, versus 11.47 billion. susan: that is what i spoke to the cfo, luca maestri. they will look why you missed on the services front. it was a record services revenue number especially for the june quarter. he says, look, the market has to understand when you have a strong dollar affect that impacts the expectations and real numbers, what income looks back like you come back from all the geographies you operate
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around the world. a lot of the bullishness comes from china. of course i zeroed in on that. we're in the midst of a so-called trade war. he says the most important part of trade impact is on consumer sentiment. he is seeing reinflation in quarter. there is economic stimulus underway in china. they're repricing, trying to make the iphone cheaper in a slowing economic environment has also helped as well. in the trade financing, trading older iphones for a new iphones. they say they have seen some improvement in the march to june quarter especially when it comes to services as well. services is very bullish for them and that is where they're seeing strength. connell: let me just dig in, we'll get the panel back in in a moment, dig into the china part of it, maybe you can give some color from your own conversation with the cfo on that. is the basic point maybe the chinese economy on a macrobasis is not as bad as some are making it out to be? that is an even bigger story
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than apple if that is the case? susan: stimulus is helping consumer sentiment. people are buying iphones. revenue as you saw did better than expected. they say that comes down solely they say to china. the improvements in the record numbers when it comes to services. china has to be there in order for apple to make money when iphone sales are slowing. apple and china, huge component for them. now as for actual, this tariff war, whether or not impacting the pricing they say no right now. it is more about consumer sentiment. whether people feel confident enough to buy apple services and apple phones. connell: katy, why don't you jump in? susan will be back from reporting the cfo interview. with maybe one exception we can find, this looks like a strong number, a good outlook for apple. why is the stock is up. still an iphone company at the end of the day with all the talk about transitioning. iphone sold better last
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quarter than people thought. >> it is still an iphone company, even though it came a little light on services i think they're doing a phenomenal job stepping up with more offerings. apple news, apple music always exist, coming in the fall with premium tv programing, apple arcade and credit card, those services are accounting for a high revenue mark. that is really strong. i've been covering apple for many years in the consume every technology space and it is interesting heading into the fall cycle we're talking about 2020. people say 5g is coming out in 2020. we may see interesting mixed reality hardware in 2020. i say, pump the brakes, we need to focus on what is coming out in a short month. i quickly want to touch on the washable side because i think a lot of people are focusing on services, yes it is doing exceptional but on wearables from theism pod to the apple watch revenue is up 60% year-over-year according to financial times. that is a large number. susan: that is what luca pointed out as well.
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wearables were up 50%. max sales up 11%. ipad was up 8%. they said all-time record for services talking about apple music you're paying for, apple care, the cloud as well. we're closing in on crossing that, doubling the target that tim cook had for services to get to, just around $50 billion or so and that's the focus really. in terms of new iphones in september they didn't elaborate. maybe tim cook will have a little more on the earnings call. that purchase of intel's 5g business, that 5g chip business, what that means for apple going forward, if they can make their own phones. when is the introduction of this new generation, next generation 5g iphone that we're expecting? maybe not this year but 2020 hopefully. connell: 2020 is the focus from that, for that. lance, your outlook for apple a stock up seven bucks after-hours, more than 3% what do you make what you heard so far of the quarter?
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>> nothing here really surprises me except maybe the wearable numbers which have gone up. they must sell a lot of airpods and apple watches to do that. they're performing pretty much at this point in time as i expected. i think the really important thing what is tim cook going to say on the call as it relates to 5g? how is he going to characterize the intel acquisition, intel mobile acquisition, how will he explain or probably not explain what's not going to happen in the fall which is 5g iphones? we're not going to see them. he has got to sort of navigate his way through but get people excited because next year we will see 5g iphones. for all that people are saying that apple is behind the eight ball on this, reality, no, very few people have access to 5g. connell: right. >> they're kind of going at the right pace there. i will also say that i know that the tariffs and all that are not really impacting prices for apple at this moment but it is interesting both to see china and europe down a bit. this is not what apple wants to
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see. they need to have growth on the international side because especially with iphone sales in the u.s. they're pretty much going to be flat. the growth has to be out there. if those numbers are trailing down, especially heading what could be a tough tariff season, it could be a tough 2020. connell: it does bring up point, even though to your point, lance, maybe they're slowing down over there but they're to the collapsing by any stretch of the imagination in china as susan just reported to us. maybe that tells you, we were talking earlier, you and i were talking about who is incentivized to cut a deal when it comes to the u.s. and china. you have a company like apple that is still operating in a strong fashion over there. you wonder if that pushes things off even more when it comes to a trade deal? that the incentives on both sides maybe not be there. maybe things are not as bad as we think in terms of economy? >> i don't know whether apple moves the needle whether a trade deal gets done. i'm sure tim cook is on the phone with the president on it but i don't think that will move the needle but let me give you a
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big picture. earnings down 7% year-over-year. revenues flat, maybe up half a percent year-over-year. iphone sales down 12% year-over-year. i really do apple is a victim of their own success. they do a quarter of a trillion dollars in sales already. it is very tough to grow that i think, i said this about a year, i think it is more of a value stock, not a growth stock. i think it could go higher from here because it has a pretty low valuation versus a beyond meat. i think there are big issues going forward. i think the fact they're just so big. they're here for the duration. they will do well. services will get bigger. wearables will get bigger, but the big picture it will be a slow boat as we move forward. susan: the cash return as we know has been an instigator, and probably has helped propel the shares as well. apple returned $75 billion over the last four quarters. luca told me they are, they have
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returned $22 billion in the quarter. they're still sitting on a lot of cash. as you know they raised their dividend and buybacks. this atm analogy a lot of people put apple's stock, it is still intact at this point. connell: quick final thoughts, kevin kelly, on apple? >> the problem is, why would you pay 17 1/2 times earnings for a stock that is not growing its revenues and actually decreasing their iphone sales. it doesn't make sense to me, if it is at a value stock it should be trading at a lower multiple to the market. it will trade lower until they give you a iphone maybe next year. connell: katy, a big topic you look for with cook? >> it's a big topic. i want to drive a point home i think is very strong. at the end of the day apple is keeping everybody in the apple ecosystem. it's a battle for your car, for your wrist. maybe people are not upgrading as much as they want to. they are keeping it in the apple world and will upgrade
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eventually. connell: thanks to all of you, great analysis. susan great job there. susan: thank you so much. the stage is set in detroit. we'll switch to politics now and the second round of democratic debates kicking off in few hours time. liz warren, bernie sanders will be side by side on the same debate stage. and we're live in detroit. that comes your way next. month, and we'll make your first month's payment. experience amazing.
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susan: let's get back to breaking news. apple continues to be up in after-hours. tech giant guidance in fourth quarter topping expectations. september quarter when you get the new iphone releases. the company reporting services revenue up 12 1/2%. that is a new record for the company, missing expectations but the cfo says that comes down to the strong dollar and currency adjustments from around the world. i would say probably i would point to the reflation improvement in china. as you know for the first time in many, many years, heading into 2019, apple says we'll not sell as many iphones as we expect in china which is their second largest market but they say the uptick in services that we saw for, what, 11 1/2 billion
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or so. say most of that is built on improvements in china. connell: susan just off the phone with the apple cfo. the stock is up 3%. we'll have more. meantime, turning to the news of the political day, 10 democratic presidential candidates take the stage in detroit. looking to stand out in a crowded race. fox business network's hillary vaughn is in the middle at the debate site with the latest. hillary? reporter: connell this, debate will put prominent progressives senator bernie sanders and senator elizabeth warren in a head-to-head match up for the very first time but put a target on their back for "medicare for all." congressman tim ryan will be on stage with them, teed up one of his attacks on the idea moments ago. >> well, i mean i don't think you can square taking private insurance away. that is a big problem. you can be for universal coverage, public option, figuring out to make that happen. when you get into the business
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of taking people's private insurance away from them that is bad policy because a lot of union members already negotiated these contracts, and gave up wages in order to get the good health care. reporter: 2020 contenders are running around detroit testing out debate lines with the staff and talking points with targeted audiences. sanders took a break from his prep to meet with rapper cardi b. sanders and card didi had a 30 machine conversation at a nail salon. other contenders flanking the stage have a lot at stake tonight, looking for a breakout moment. one of those was beto o'rourke, who was spotted running around detroit by the river earlier this morning. beto in a frank fund-raising email to supporters admits a lot is on the line for him tonight. here is what he wrote. it can be a challenge to talk in
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30 second snippets on issues that deserve a lot more time. a lot of eyes will be from viewers online and. wondering how our campaign will fare in months to come. also looking for momentum. mayor pete buttigieg had trouble gaining african-american support. a new quinnipiac poll, has him polling pretty much at zero among black voters. tonight what voters will get to see, connell, the difference between senator warren and senator sanders who are both very progressive, both support a lot of same proposals, connell? connell: i heard you right, beto was the one running. bernie sanders was strutting around detroit. which is find. susan: in the end, president trump predicting the outcome of democratic primaries. >> i think right now, it will be "sleepy" joe. i think. i feel he will limp across the line. that is what i think. i think he is off his game by a
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lot. i think personally it will be "sleepy" joe. susan: okay. kaley -- kayleigh mcenany, so good to see you. "sleepy" joe expected to win? >> if you believe public polling. i believe the president's intu wigses than i believe polling when it comes to political instincts. it will job-killing joe, supported nafta, killed a million jobs, supported tpp, would have killed a another million jobs t may job-killing joe. susan: in a "fox news poll," head-to-head biden wins by 10 points. >> we don't believe that will be the case at all. when you put president trump against a defined democrat, when the american public understands their policies that joe biden support as public option that joe biden supports taxpayer-funded health care for illegal immigrants, that joe biden supports the "green new deal" along with his
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leftist comrades on the stage, the polls change. we'll have entire year-and-a-half to let the public know exactly what the candidates stand for. susan: that is right. we have so many more months to go, kayleigh, you and i. talk about the debate tonight in detroit in the state of michigan which president trump carried in 2016, not by a lot but also in the recent midterms though you lost a few seats. so there is talk maybe michigan is turning. >> we don't believe that is the case. i was out at the michigan republican headquarters yesterday. i spoke with the chairwoman here in the state of michigan and their team. 2018 is different. president trump was not on the ballot. this has not been a republican state. the state i'm sitting in right now is a trump state, not a republican one. republicans didn't win it since the 1980 as until president trump came along. we believe he will lift the tied of those below him and lift michigan again because he has a lot to show for it. susan: what do you believe on the debate stage?
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we'll hear from warren, sanders, head-to-head in the middle of that stage? bhutto on stage, beto,. >> they may attack biden, one thing for sure they need to rack up notches in the belt. only way you move in the polls, we know bernie sanders is precipitously sinking to register an attack on someone else. the best person to do that with is joe biden. we see kamala harris snuck up into the top three or four in some cases. that was only attacking joe biden. i fully expect them hear them attacking joe if not one another. susan: how left do they lean, right? don't they sound kind of the same, warren and sanders? >> yes. they sound a lot of the same. we'll hear a lot about the "green new deal" which is really interesting, susan, given that right now i'm in detroit. in the heart of michigan's auto industry. president trump because of his policies is engendering billions of investment from fiat
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chrysler, gm, other auto industries, other auto companies, you look at warren and sanders and biden and their "green new deal" which would decimate the auto industry. it's a clear contrast you have on your hands. susan: good point. kayleigh, thank you very much. >> thank you. connell: cities across the nation implementing changes trying to help the lives of workers. chicago the latest city to get on board with this trend. are mandates becoming a big burden for business? jeff flock giving us an inside look at how the laws are really working. that's next. ♪ i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know?
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studying my playbook? yeah, actually. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c.
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in this square and this is solely based on market improvement back in china which is so important to this company. it's the second largest market right now. >> it's not huge for apple. either up or down it moved on age of 5.7%. susan: that trillion dollar valuation. >> in the meantime worker flexibility. chicago joining in with other major city passing a law that requires employers to provide workers of two weeks' advance notice when their schedule changes and extra pay when it's last minute changes. jeff flock put it all together
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for us. reporter: the goal is to keep workers from being jerked around by their employers. this is a trend across the country. city like san francisco, philadelphia, new york city and the whole state of oregon have passed legislation called fair workweek legislation. in chicago the legislation takes effect in july of next year. you have to give two weeks' in the your schedule. if you change it you get an hour of what they call predictability pay. and you have to get paid half of what you would have gotten if you work. this affects a number of industries like healthcare, hotels, restaurants, manufacturing and retail. the important that though is that it only applies to bigger companies with a hundred plus employee. if you make $26 an hour or less
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it apply to you, but not if you make more. or $50,000 a year it doesn't apply to you. but this could cost jobs and in some ways put some places out of business, like this hospital behind me. south shore hospital, it's one of the city's safety net hospitals. they are already tight on money. according to the ceo, he says this drives our salaries up 5%. without funding from the state we'll be closing. we wouldn't have the money to survive. reporter: you try to do things right and sometimes there are unintended consequences. susan: if you are ordering takeout. one in four delivery drivers are guilty of tasting your food. more than half of drivers admit
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they have even been tempted to take a bite of your food because it smells so good. thanks for joining us. "bulls and bears" starts right now. reporter: shares of apple climbing 4% after hours after positive details in afterearnings report. president trump: some people are living in hell in baltimore. finally someone is pointing out how bad it is. people from baltimore have been calling me thanking me. all the money they have been given over the years has been stolen and wasted, like elijah cummings. kristina: the president is speaking not once but
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