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tv   After the Bell  FOX Business  August 19, 2019 4:00pm-5:01pm EDT

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years from now could be back on the front pages. liz: steve dude dash, thank you very much. a big rally, bill close here. dow up 250. gold no longer a fear trade. it is down below 1500 an ounce. connell: kicking off the week. all three major averages ended the day in positive territory, after a three-week losing streak with trade optimism. worries about trade, trade optimism for today. the dow ends up 200, 250. 248, 249 to the upside. melissa: you don't have to tell them all our secrets. connell: we don't really know what is going on. up 336. came off the highs. s&p, nasdaq, also in positive territory. gains of well over 1% apiece. happy monday. i'm connell mcshane. melissa: i'm melissa francis this is after the bell. more on big market movers. here is what is brand new at
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this hour. protests in hong kong protests in hong kong continuing for the 11th week. residents converting their money into other currencies. twitter and fast -- facebook cracking down on misinformation. business roundtable a group of top ceos, including jpmorgan's jamie dimon now saying the purpose of a corporation is no longer about higher profits or shareholders. we'll tell you what its saying instead, what it would mean for some of the world's biggest companies. first it was the dominican republic. now costa rica. the health ministry in costa rica 25 people have been killed as a result of tainted alcohol. we're bringing you the latest details. connell: back to the markets. three days in the green, we'll bring you coverage from kristina
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partsinevelos from the floor of the new york stock exchange, edward lawrence covering trade and phil flynn tracking oil and gold at the cme. kristina, we'll start with you. reporter: s&p 500 closing in positive territory. what are the big winners? le's talk about the dow. apple, comes after a nice friday night dinner tim cook had with the president. did a relatively good job that tariffs are bad for a lot of u.s. companies. seeing shares higher. home depot, earnings are coming out. past two quarter beat estimates. boeing on trade optimism. goldman sachs has a lot to do with the 10-year treasury yield. seeing it above 1.56%. it was down to 1.3%. the lowest in three years. we talked about the yield curve inversion, higher today. i will end on a different note. in terms of the yield curve, everybody talking about the inversion, worried about precursor for a recession. one trader said it is possibly
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overstated because of the sheer scale of so much postcrisis bond buying by central banks. they are making a really big deal out of it. nonetheless, dow up higher, up over 240 points for the day. melissa: kristina, thank you. president trump meeting with the u.s. ambassador for china, terry branstad at the white house. fox business's edward lawrence live on the scene with the latest. edward? reporter: market liking what is coming out of the white house. delay on some tariffs. it will be until december 15th. u.s. companies can still sell to huawei for now. as you mentioned the u.s. ambassador to china here at the white house for a meeting with the president. talking about relations and hong kong. the administration sending huawei a lifeline. u.s. companies can sell to the chinese companies for at least 90 days. the commerce second saying that will be it, unless a special new license is approved.
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35 companies are going through that process right now. the vice president saying the administration is following a plan on china. >> president trump believes china wants to make a deal. but as the president has made clear, it has got to be a deal on our terms. because china has had it so good for so long. things have to change. reporter: the vice president saying china has broken every deal they made with the united states. this administration now saying no more. >> over the past 17 years, we haven't seen it. in fact the chinese communist party has used an arsenal of policies inconsistent with free and fair trade, policies like tariffs and quotas, currency manipulation, forced technology transfer, intellectual property theft and industrial subsidies. all the while, not becoming a freer society.
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reporter: in submitted testimony to congress u.s. trade representative robert lighthizer saying this, saying quote, the administration does not have a predetermined timetable for how long it will be necessary to leave these tariffs in place. now the market and federal reserve now coming to terms that this could be a prolonged trade dispute with china. the federal reserve's indicating that there could be a rate cut coming up in september, in their next meeting. back to you guys. melissa: edward thank you. connell: let's bring in our panel. adam lashinsky fortune contributing editor. edward reporting there, he played a couple sound bites from the vice president. there was beginning of whole trade dispute, a speech vice president made that didn't get attention here but a lot of attention in china it, was negative about the chinese. when that is decided they are really serious about this. things got ugly in the trade
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war. seems like the opposite, people are fairly optimistic. what do you think is happening? >> i think people are optimistic because of the president trump's shocking acknowledgement that he learned the other night from the ceo of apple that tariffs might hurt american companies more than they hurt korean companies like samsung. so i'm being a little flip. this is quite serious. gary is no fan of tariffs either. so the market is choosing to listen to this comment by trump today, anyway, not to prudent and or impossible things the vice president said. the dow is down 300. since it is up, people are optimistic. larger point is, what are you listening to most? >> precisely. to be honest with you, i'm
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looking at market action. we are now driven, we're a twitter driven, headline driven market. maybe more so than i have ever seen. throughout my entire life. i think you just have to look for me at the price action. what i'm seeing is one day we're sad. next day we're gearful. the drop august 1st. we're chopping around down the bottom levels. i'm not buying or selling at this point because you really can't. tomorrow, another whisper, it could be down another five, 600 day. until we know two things, resolution of this chinese trade thing, we might not know until right before the next election by the way. >> or later. >> that would be the greatest boost to the market. what the fed does as you endings mentioned. there might be another rate cut.
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melissa: apple closings up 2% following president trump's conversation with ceo tim cook about the china tariffs. here is what the president had to say about their discussion. >> tim was talking to me about tariffs, one of the things he made a good case, samsung is their number one competitor, and samsung is not paying tariffs because they're based in south korea, it is tough for apple to pay tariffs if they're competing. i think he made a very compelling argument so i'm thinking about it. melissa: adam, call me cynical, i think he is building off ways to call off the trade war, declare victory, let the economy expand just in time for the next election? >> that's what i thought he was going to do six months ago. i thought administration would declare a deal. melissa: too far from the election. >> too far away you're much wiser than i am. my thought when he said that now
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what. are we fighting a trade war with the chinese or. melissa: gary are you cynical, we feel like coming up on election, we won, boom it is over, economy and market, tickertape parade, confetti balloons? i'm 100% in agreement. first of all, just dawning on trump that it hurts some companies and helps other companies? that's, okay. i guess we were not past page one. second, we're totally with you. as adam pointed out, why do we have a trade war? i thought it was all over the intellectual property thing way back when in the stone age? that appears that is gone. appears, he is saying look, i need about 5,000 point in the dow, i'm going, trade war is off. you're going to see that happen. melissa: my prediction, at very
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end, they have agreed they will not rip off intellectual property any longer. we'll see. we'll go forward proof is in the pudding. >> i wouldn't put it past them. melissa: i don't want to depress everyone. connell. connell: oil settling up nearly 3% that brings in phil flynn out in chicago with the trade there. what did you see, phil? >> connell, i think oil traders flipped through the recession, it is over based on market activity today. we saw very strong activity. in the entire energy sector. energy stocks had a fantastic today. more risk-on. we're not as worried about the trade war. that is coming back. also the selloff we had due to inverted yield curve. if you go back, see the last four times the yield curve inverted, it wasn't bearish for oil, it was bullish for oil. the last five times it happened, oil went up 80 to 140%, when it inverted yield curve. that is off the table.
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we had more geopolitical risk over the weekend. the rebels hit a saudi arabian field with a missile. didn't disrupt production. gold doesn't care about geopolitical risk, doesn't care about anything, really getting slammed. a lot of gold trade today, connell is about the fact that the globe is a little worried about the trade war. less worried about recession and interest rates changing around the world. back to you. connell: i like that, slept through the recession. phil, thank you, sir. melissa: hong kong uprising. why tech giants sounding alarm on china for misinformation campaigns against the demonstrators. we're live in hong kong with the latest next. connell: plus booming economy at risk, while economists warning recession is indeed on the horizon. so, could economic slowdown backfire on the president in the 2020 race? melissa: you know my theory on that. a health risk for travelers. the death toll from tainted liquor rising in costa rica.
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there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. melissa: no signs of backing down. over 1.7 million people marching in sunday's pro-democracy protests in hong kong, amid increasing warnings from
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beijing. meantime, facebook and twitter are cracking down on beijing's misinformation campaign on their sites. fox business's susan li on the ground with the latest on that. susan? >> yeah that's right. twitter and facebook both saying it is a coordinated, state-backed misinformation campaign to sow political discord on the hong kong protests. head me tell you what twitter did on this. they're changing advertising rules. state-backed media companies cannot sell advertising on twitter. they can engage in conversation but they won't be able to advertise their content. facebook, found seven pages, five facebook accounts, three groups that were disseminating information, coming from, had associations with the chinese government. so that was important to note as well. it is also very interesting, that you know, both twit every and facebook are both banned in china, but, apparently the propaganda arm in the country still using it to send out
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misinformation around the rest of the world in regards to the on going pro-democracy protests here in hong kong. that didn't deter the people of hong kong taking to the street on sunday. more than one million coming out to support the ongoing protests now in their 11th straight week against the government. it is important to note the numbers because we do have a build-up of chinese troops along the hong kong border in the southern chinese city of shenzhen. but one former democratic lawmaker says the numbers say a lot about the hong kong people. >> not border. we're the same country, but so they are trying to scare people. but if you look at the protesters yesterday, i don't think anyone is scared by the chinese military. reporter: that's right. there are concerns that beijing might be thinking of military intervention as the protests continue to prolong, confrontations get more violent. we heard from mike pence, the vice president, warning beijing
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to maybe rethink any thoughts of military use. >> but for the united states to make a deal with china, beijing needs to honor its commitments, beginning with the commitment china made in 1984 to respect the integrity of hong kong's laws through the sino british joint declaration. reporter: that's right. so there you go, we're in 11th straight week of protests. it is important to note these are peaceful protests over the weekend, which is exactly what the organizers wanted to convey. guys? melissa: susan thank you. connell: gordon chang, coming collapse of china author. talk about the news susan reported on today. facebook and twitter taking down accounts. combine them what we're seeing in the media from china, seems like a little bit of a shift from when the protests began they were ignoring it, censoring coverage of the protests. now state media trying to spin it. the social media companies are
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finding accounts that were clearly trying to influence it. who is winning the propaganda pr war? >> the people of hong kong are. despite what beijing is doing. there are a lot of tactics which are underthe radar, you had more than a million people come out. as many as 1.7 million. maybe a bit fewer. remember this was in a torrential downpour this crowd is. what they're really saying to the international community they will defend their homeland. beijing doesn't know what to do. it is putting troops on the streets of hong kong in guise of hong kong policeman. it is taking over the hong kong government from carrie lam, the chief executive, it can do all these things, but it cannot win hearts and minds. it has lost 3/4 of the population. connell: is there a choice where that doesn't involve military force moving? is there some other way out of the protest movement? >> i don't think so.
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they could certainly lose hong kong. since april there is no loss of fervor. beijing can try a number of different tactics. everything it tried up to now has completely failed. this is a hostile regime that came to power through violence, maintains its power through violence. they want to use violence. the question though whether the international community will stop them. this is really a trump question, rather than a xi xinping one. connell: trump question. you have been quite vocal. you would like to see the president more involved in this? >> i would like him too, but the analytical point apart from what i think the president should do, the analytical point, xi xinping can be stopped from using violence if he thinks the international community will impose severe costs on china for doing so. the question in his mind what costs is he going to have to pay if he were to formally deploy traps on hong kong streets? connell: from president trump's point of view, there is cost,
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risk/reward he sees as well. seems clear he would like to not get in the way necessarily of a trade deal, also hold this over xi xinping, at least that is what i read into his comments over the weekend, hey, if anything, maybe advise president trump sometime on trade. i will not make a deal with you, until you figure out what is going on in hong kong. not a threat necessarily. but it holds it out there over xi xinping's head a little bit, no? >> certainly. you can interpret president trump's comments in number of different ways. i accept yours. the point though that we have been trying to placate beijing over a number of issues. i think that is not possible at this point because china really feels cornered. it needs an enemy. and that's us. unfortunately we'll have to deal with that as much as we don't want to. connell: i guess one final thing, the risk there, you have a lot of contacts in the region if this drags on, from the protest movements point of view, the economic risk associated, right? that companies start to move out or maybe individuals start to take their money out of hong kong, what are you hearing
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on that front is a real concern yet? >> you see the hong kong dollar trading at the weaker end of the band that is a indication people are taking their money out. the hong kong central authority which is like the central bank, has to sell dollars to defend the peg against the u.s. dollar. you hear a lot of people talking about leaving, taking their money out. mostly small individuals, not the businesses. they have already accepted hong kong risk because they have accepted china risk but it is individuals as you can see a lot of them leave. connell: gordon, always appreciate the analysis. thanks for coming on. >> thank you, connell. >> a bold warning from iran. what tehran's latest move means for rising tensions. how the u.s. might respond. that is coming up. shifting corporate values. why the business roundtable, backed by some of the biggest ceos is changing its mind set when it comes to thinking of the shareholder first. we have details on that next.
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melissa: people over profits. the business roundtable representing the nation's most powerful ceos is changing the mission statement. shareholder value is no longer the main goal. the statement signed by 181 leaders say, quote, americans deserve an economy that allows each person to succeed through hard work and creativity. and to lead a life of meaning and dignity. so what does this mean for investors? here is jack hough, "barron's" associate editor. >> don't you want to hug a ceo, melissa? does that give you a warm feeling? melissa: it doesn't? does it give you a warm feeling? do you feel fuzzy and warm inside? what do you make of it? my challenge is, when they start talking about things that are not dollars and cents, things that are not return, it is very subjective. how do you measure when you provide value to the other quote, unquote, stakeholders? it's a matter of opinion what is valuable, what is not. do you want your ceo to have
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that much leeway to make those subjective decisions? i don't know what do you think? >> they took out a two-page spread ad in "the wall street journal" all these signatures. anybody buying ads in print media, guy from "barron's" magazine, you can tell your ethics all day long. this is not a sea change. the companies have been talking about ethics for a long time. they're being demonized now that campaign season is setting up in politics. people talk about the evils of big corporations. they want to push back by it. we get visited about a lot of ceos at "barron's." they're always talking about sustainable tactics. they make cigarettes, they want to tell you how sustainable their practices are. everybody is talking about it. i tell you, when you look around the world what is there to demonize companies about? i look to washington, i see broken politicians, sitting there with partisan bickering about which side is more evil. they can't get anything done.
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i talk to ceos all the time who are telling me about, you know, positive change they want to make for their workers, giving people good opportunities they are doing a lot more than washington. melissa: jack, you're on to something there because the results of a company are measurable. you know where they're making money or not. whether they're returning value to shareholders or not. the results from those horrible politicians in washington is completely subjective. i mean there is no objective way to measure whether they're doing a good job or not. they sit there, they say crazy things. they hurl epithets at each other. they go back and campaign, claim the other did this or that the. they get away with their lives. with business you can quantify, more customers had cheeseburgers? are your profits up? >> yes. melissa: that is what we're talking about is the difference between business and politics, no? >> if you're disney, you run a big theme park in florida, people sometimes go there in the month of august, there might be
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something called global warming. there is not politics. you have to think about it, long term business. companies get involved in these things. don't be alarmed these companies are out there talking about ethics. not by the way they're suddenly thinking profits don't matter, think about shareholders. the whole point having a corporation, you raise capital from the public, the shareholders are still the main point of the exercise but this kind of, i don't want to call it virtue signaling that is a loaded term these days, getting out there, talking about how good you are -- melissa: you're saying it is pr? you think this is pr more than being reality? >> first first of all i think many are doing a good job. this is marketing they want to push back. you hear so much negativity about big businesses. people will lionize the, engine of economy, creator of jobs. melissa: they're evil. >> i don't see it that way. melissa: they're evil. also interesting, you don't have to, if you want, google wants
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their employees, to be productive and happy. they can make certain choices that make their employees happy, so the employees are less distracted and complaining and are more productive. you say we'll not participate in the business. still can be, a decision that is with profit in mind? it just happens to make these other people happier and so, you make, your customers happier. we're doing away with plastic for the environment. it is not about the environment, it is attracting more customers because people don't want plastic. >> that is the thing. social issues, challenges we face with our politicians getting nothing done. corporations look at education, wait a second if we don't want dumb workers 20 years from now, get the education system working? these issues tend to take care of themselves. melissa: jack hough, you are brilliant. >> thank you. connell: brand new survey sounding the alarm over possibility of a recession to
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some degree. really all about the timing. we'll break down numbers on that next. melissa: a growing mystery. new concerns that russia is trying to conceal evidence after recent explosion at a missile test site. yikes. connell: the death toll is rising in a popular tourist destination. what you need to know before planning a vacation, how the country that we're talking about is responding. that's coming up. ♪ looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪
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connell: chances of a near term recession actually receding. 38% of business economists, most recent survey done about it national association of business economics they are expecting united states will enter recession in 2020. that is down from 42%. we'll talk more about it in a minute. president trump dismissing any concerns. >> i don't think we're having recession. we're doing tremendously well. our consumers are rich. i gave a tremendous tax cut and they're loaded up with money. connell: mitchell joins us from center of freedom and prosperity. dan, i have read it today, other way more people expect recession, by 2021, but timing does matter. timing at least for political purposes will matter. how do you see it? >> the political purpose timing is critical. when i talk to republican friends on capitol hill, they are very, very nervous that
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trump's trade wars are going to cause some sort of a downturn before the election, and they're terrified as a result, that democrats will take over, not just regular democrats, but maybe one of the hardcore leftists, like warren, harris or bernie sanders. that is the political side of it. on the economic side of it. here is the honest answer. not only is trump not good at forecasting recessions, economists do a lousy job with it. what is the old joke, we predicted nine out of the last five recessions. i don't know whether it happens in 2020, 2021, sometime after that. but good news we are in the longest expansion in our country's history. something at least is going semiright. connell: you're right. more than one thing. usually we end up knowing recessions way back after the fact. that is when it began. you know, by that point we've been in it for a little while. wonder what you think of some ideas being floated? whether we're headed to recession or slower growing, largely because of trade, or
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federal reserve, whoever you want to blame? some of ideas offsetting that, like one being thrown out now. maybe we should cut taxes and stay in the trade war? rick scott of florida, threw it out there. does that make it sense out there to you? if you seem odds cutting taxes in middle of a trade war, what is your idea about that. >> it is not a good idea to do bad things. i'm upset with trump increasing government spending. i'm upset the trade wars. he is wiping out benefits of his own tax cut and deregulation. almost as if the president is at war with himself what will help the economy grow. having said that i don't want more keynesian policy, whether keynesian monetary policy or boosting the economy with easy money, or keynesian fiscal poll i. that didn't work for obama. it won't work for trump. by all means, do things that are good long run policy, less
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spending, deregulation, also happens to be good short-run policy. connell: you're right of the problem with it, fiscal side of it, the problem with the monetary side of it also, as you look at market under president trump, we're all set up for better or worse, we expect more of this easy money. we expect more rate cuts. if you don't get them now, right or wrong, if you don't get them now, trouble for the financial markets? >> two things would i say. first the easy money policy started way back under obama. connell: yeah. >> we have had this continue us sugar high for the economy, pumping money into the system, heart officially propping up financial markets. i think that makes the financial system very volatile, very unstable. now do i think that we should therefore inject some more, morphine of easy money into the system? no. in the short run, sure, it will give the economy another sugar high. you will have portfolios
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shifting that helps financial markets. does it boost growth, production, generation of income, things that drive the real economy? no. i don't think so. you don't cure the problems of bad trade policy with bad monetary policy. connell: fair enough. always good to talk to you. dan mitchell. melissa. melissa: france taxing big tech. american companies face a 3% revenue tax starting in january. office of trade rep holding a hearing on that tax. representatives from google, amazon, facebook weighing in. hillary vaughn is live at the ustr with the late-breaking details. hillary? >> melissa, a lot of these tech companies have to make their first payment to france in november but it is not as simple as writing a check because, a lot of these companies first have to build systems they need to calculate how much tax revenue they actually owe. amazon's peter hill testified they have not been collecting a lot of data to figure out how
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much revenue they make from french users. facebook's alan lee says the tax requires a quote massive reengineering effort at the company to track and filter revenue by user's gee -- geolocation or i.p. address. >> some are telling french consumers they will bear a burden of these taxes. services currently being offered to french consumers will increase by the amount of tax burden passed on to consumers? reporter: representatives of amazon, ebay, google says the tax is discriminatory, it singles out successful tech firms to enhance france's revenue. it will apply 30 firms in total. a lot based on the here in the u.s. france is not only country moving forward on a digital services tax. companies in the eu, britain, germany, spain, getting on
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board, treating tex companies here in the u.s. as cash cow for them. melissa. melissa: hillary, thank you? connell: benefits gone to waste. a record 768 million u.s. vacation days went unused last year. new research done about it u.s. travel association and also oxford economics. that is 9% increase from 2017. it comes out, they worked out to $65.5 billion apparently in lost benefits. melissa: that's crazy. connell: we're contributing to that. we could be on the beach right now but we're here for the people. melissa: that's right. i enjoy being here more than enjoy being at the beach. connell: you always said that. melissa: all right. drama on the high seas. tehran warning washington against interference as its tanker is released by british authorities headed from gibraltar to greece. the latest details coming up. going radio silent. four nuclear monitor stations in russia have stopped transmitting
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melissa: threatening serious consequences. tehran warning the u.s. against interference after an iranian
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tanker seized by british royal marines in july was released from detention off gibraltar, is heading towards greece. peter brookes, heritage foundation and former deputy secretary of defense. thanks for joining us. a lot of people speculated we wouldn't see the british tanker released until the uk's tanker is released holding on to, that it would be a simultaneous thing. that appears not to be the case right? the uk tanker is in custody, what do you make of this? >> i thought it would be a simultaneous release. it didn't happen that way. i understand from official reports, news reports that the brits do have assurances from iranians that their tanker will be released. i expect that will happen in short order. the, may have been part of the agreement that it would be one and then the other. so this, in this sense we'll see what happens over the coming days, melissa. whether iranians do meet their part of the bargain.
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melissa: you have to wonder why the deal was struck this way. it seems to the naked yes would make the iranians like they were in a stronger position or maybe that is what is designed to look like, or that is not the case, that is the signal they want to send? how do you read into that? >> iran is very weak because of the economic challenges they face. maximum pressure campaign of the united states against them. being authoritarian government, internal pressures that they face. i think they want to do this. probably, very, very important for them, for their domestic audience. international audience will see it for what it is as long as a british tanker is released. for the domestic audience to look strong internationally in face of internal weaknesses. melissa: have thanks calmed down in the strait of hormuz? has it become distracted or is it calmer? >> we have been distracted. there is a lot of tension. there is possibility of a crisis.
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there is lot of things going on with ships and aircraft in the air, that could lead to crisis next time. iran may be reevaluating their strategy. they attacked six tankers. seized three. shot down an american drone. there is lot of attention going on there, maybe they reevaluate the situation. iranians said no way they negotiate with the united states unless it is going back to the 2015 joint comprehensive plan of action or iran nuclear deal. melissa: while you're here, i want to ask you about the mystery about the explosion in russia. it is deepening, four nuclear monitoring stations specifically designed to detect radiation have gone silent that leaves a lot of us wondering have they been turned off so they are not reporting radiation or did they sizzle because of the radiation itself, what do you think? >> i think we're looking at radioactive silence or radio science as you said in the lead-up to this. russians are very concerned
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about this. this is a nuclear powered cruise missile, a very bad idea for a weapons program, because it would release radioactivity over anybody it flew over this is the second time this weapons system has failed. they're worried about radioactive release. there hasn't been much reporting of this, although i did hear about a norwegian station talking about it. nobody likes radioactivity. it will ruin your day, certainly. people are reminded of 1986 in chernobyl. for this regime, it is very difficult for them because they also lost a submarine last month. if you remember, we may not have talked a lot about it here on the air but they lost one, for authoritarian regime, to look like it is not able to maintain its military program and prowess, that is pr disaster. melissa: a plume moving across russia we'll keep an eye on. peter brookes, appreciate it. >> thank you, melissa. connell: breaking news. more details about the cb-
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cbs-viacom deal. a filing said they would have to pay cbs2 50 million-dollar termination fee. cbs would pay viacom termination of 560 million. we'll big through that. more breaking news and headline about that particular acquisition. there you go. escalating crisis in costa rica. tainted alcohol, why health officials are sounding the alarm about that. that is coming up next. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ )
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terminix. defenders of home. melissa: the death toll rising in costa rica the country's health ministry saying 25 people have been killed by tainted alcohol in the popular vacation destination since june. joining us is ted williams attorney and former homicide detective. he's also a fox news contributor what do you make of this number going higher, ted?
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>> hi, melissa. this is a scandal. what i really make of it is that somebody needs to go to jail. we've had this kind of a scenario or situation at many resorts throughout the various countries, and now all of a sudden we're faced with it in costa rica when you've shown 25 have died and six injured as a result of someone mixing methanol with ethanol and alcohol and there's the individuals this is very bad. melissa: if you had a ticket to go to costa rica would you go yourself or would you avoid the country altogether? >> i think it's that serious. i wouldn't send you down there, melissa. melissa: [laughter] well good thank you for that. you don't think it's just a question of going to a resort more high end that this is, that there would be a way to protect yourself and not worry about it?
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a lot of the people in the situation with the dominican republic kind of thought they would be fine. what do you think of this? >> well, no, no, this is something that is a lot of companies, the czech republic, indonesia, the dominican republic, and what you have is as in costa rica here you have these manufactures are trying to cut corners, to make money, and you have these resorts, these all-inclusive resorts that uses a lot of alcohol. they take a chance with these manufactures, these bootleggers, and they bring in these, this liquor. what is needed is a real investigation and again without being redundant, somebody needs to go to jail, and you never hear of anybody going to jail. you always hear one, melissa, we're doing an investigation. we're conducting an investigation. well put somebody's butt in jail
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melissa: yeah, investigators made the same kind of point that you made saying look, why are you looking so hard at whether it's costa rica or it's the dominican republic? people die every year when they go to thailand, when they go to all other places and they named some of the other countries that you talked about. if you're a traveler and their point was there isn't focus on that because every year they lose a lot of people and it's not that big of a deal and we usually have a better record. if you're a traveler how do you look into these things and see where you shouldn't be going, because there's hazards for travelers like this, beyond just being safe because of the political climate, but where there's stuff like this, how do you research that? >> well what you have to do is use social media sites, melissa. you have to do your homework with due diligence. go on, see where the majority of these deaths are taking place and those are the places clearly that you want to takeaway. i mean, stay away from but you
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can't trivialize one death, one death is one death too many. melissa: especially on vacation. ted williams, thank you. connell: breaking news now, on taxes from the washington post, it is reported white house aids have discussed the idea of a temporary payroll tax cut to help the economy and the washington post is reporting that things like the talks are early stages possibly low level at the time, but it is being talked about according to the washington post as whether they would ask congress to approve that. melissa: payroll tax cut good idea. making a big change to protect the country, the first time in 50 years he cut his hair in order to serve in the u.s. army. the future soldier, also donated the hair to locks of love down station, and arroyo says he's really excited about enlisting in the army. connell: i was going to say good way to wrap it up, right? doing something for the country
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and charity and the whole thing. melissa: there you go. connell: you said payroll tax cut. melissa: that would definitely boost the economy. the market up 249 points. connell: good way to start the weekend. we'll see you tomorrow it's bulls & bears that starts right now. david: breaking news congresswoman rashida tlaib and illham omar sounding off on israel and president trump at a press conference in st. paul, minnesota, just moments ago the two accusing israel trying to cover up palestinian oppression when they scrapped their visit late last week and house democrats are reportedly considering retaliation against u.s. and israeli diplomats for this action. we have more on this coming up, and we will hear from israel's ambassador to the united nations danny dannon, who will join us live on-set in a fox business exclusive. but first on bulls & bears tonight, a shocking shift from
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