tv After the Bell FOX Business October 4, 2019 4:00pm-5:00pm EDT
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in the short run, things sell off. buy it. take it advantage. [closing bell rings] liz: a gift for the bulls. a gain of 372 points. david marcus thank you. that will do it for the "claman countdown." we'll see you on monday. melissa: rally for wall street. the unemployment rate dropping to a 50-year low. all days ending in the green on positive september jobs report up on comments from fed's jerome powell. the dow ending the day up, look at that, 368 points. near session highs. i'm melissa francis. happy friday. connell: i'm connell mcshane. this is "after the bell." nasdaq and s&p 500 up firmly for the second day in a row, up 1.4%. fox business team coverage. edward lawrence at the federal reserve, gerri willis on floor
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the new york stock exchange and phil flynn keeping his eye on the gold at c-me and blake burman at the white house. edward let's start with you. >> the jobs report last time we saw 3.5% unemployment an american walked on the moon. 1969 was the year. president donald trump over the moon about this jobs report. white house economic advisor larry kudlow though says he is blaming the fed for the sluggish wage growth number in these numbers. listen. >> one we're still suffering the aftermath of severe monetary restraint in 2018. that restraint is being removed and in fact we're about six to nine months that is the usual lag, so i think, the worst of that fed obstacle may be coming to an end. reporter: now one of the numbers in the report that has been overlooked really is the revisions. they have, jobs report for the
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last two month was revised up 45,000 jobs. that means last month the economy created 168,000 jobs, up from 130,000 jobs that makes last month a little bit slower jobs report look a lot better the chairman of the federal reserve says the fed tools are working for this economy. >> while not everyone fully shares economic opportunity and the economy does face some risks overall the economy, as i like to say in a good place. our job is to keep it there as long as possible. reporter: and a good place everybody can agree on the economy, economic fundamentals are in a good place. back to you. connell: edward. connell: taking a victory lap the white house highlighting today's job figures while continuing to grapple with the prospect of impeachment. there are new developments. blake burman reporting on those this afternoon. he joins us live from the north lawn. blake. reporter: connell we heard from president trump earlier this
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morning. there were two numbers particularly he pointed to from the jobs report. first off the unemployment rate, you heard edward say the lowest it has been in half a century but the president also pointed to year-over-year wage growth which is at 2.9%. >> 3.5% unemployment and that is a tremendous number, the lowest in over 50 years. so very happy. i think really very important. again i will say. wages are up. reporter: however democrats note that the pace of wage growth has dropped, saying in part in a statement quote, wage growth is declining, manufacturing jobs are disappearing and farmers are facing a once in a generation crisis. the president touting the numbers as he spoke with us on south lawn for a little more than 20 minutes today, before he went to walter reed medical facility nearby to award five purple hearts. after saying yesterday china should investigate joe and hunter biden i asked the president this morning if that
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would have any sort of link at all to a potential trade deal? >> no, no, no. let me tell you, i'm only interested in corruption. i don't care about politics. i don't care about biden's politics. i never thought biden was going to win. this is about corruption. this is not about politics. this is about corruption. reporter: meantime, connell right here is a 10-page document request that was just sent by democrats up on capitol hill to the vice president mike pence saying by october 15th, 11 days from now, they want documents to be produced given up to the hill. what caught my attention in this one specifically, connell, democrats are asking for the transcript and other note involving the april 21st call between president trump and ukrainian president zelensky. so far we have seen the transcript of the call in july.
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house democrats though are asking for documents from the vice president involving the first phone call between the two leaders. connell: first call, which the president said publicly they could have that if they wanted it something to that effect. reporter: now really the document requests for executive branch are coming to the white house. connell: melissa. melissa: the rally not enough to take the dow out of the red for the week. let's go to gerri willis on all of this. reporter: what a day, amazing. let's take a look if we can, dow up 372, up 1.4%. winners for the week. j&j i think you saw this, j&j reaching 24 million-dollar settlement in the opioid case. this is considered good news because it could have been considered much, much worse. apple, unitedhealth, votes sat winners for the day. apple, the news there, they're raising production on the iphone 11. you people who thought apple was
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done, forget about it. they're raising production by 10%. visa higher here as well. back to you. melissa: gerri, thank you. connell: let's bring all of this to the market panel. carol roth, future file planning system legacy creator and jack hough from "barron's." i said there was something in the jobs report for everyone, but how the federal reserve interprets it but the market up 372 on the dow, what do you make of it all? >> this was the goldilocks report that everybody wanted. it took any economic concerns off the table but it wasn't so overheated that it took the fed off the table. that is why you saw the market react very postively. they were hanging around for powell's comments. he seemed to reaffirm what everybody else thought. the markets went through the roof. this was that perfect middle of the road, maybe we should call it goldilocks and the three bulls, instead of goldilocks and
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the three bears. it was just right, connell. connell: not bat ad -- bad at a. jack we've come three days of craziness, back and forth we went through this week. we don't know what will come next on the political front. that is obviously uncertain but we have china trade next week, right, the big meeting in washington? >> to get an interim deal with china, no one is thrilled but everyone gets a little something what would you need are some dark economic reports so that everyone needs a deal quickly. i don't think we're there. i don't expect a china deal right away. next thing on the horizon with earnings next week. they will not be great, but the last of the lousy quarters for earnings before we get back to a little bit of earnings growth. so that's at least good. we're ending on a gladgood note with the job numbers. i lost track when good good news is bad news and bad news is good news. melissa: seriously. the consumer is alive and well.
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apple rising on a report that the company is upping production of iphone 11 models of 10%. that is a big jump. new disney stores opening at 25 target locations as the national retail federation is forecasting a 4% jump in holiday spending this year. before i read this story, i hope nobody at my house is watching i may have bought a bunch of the "frozen" stuff. don't tell anybody at my house. it is only halloween. >> we're back to christmas. the consumer strong. the consumer loves capitalism. the consumer will carry the holiday season. through the fourth quarter we'll end up doing pretty well. the problem the consumer likes on capitalism a whole bunch so they're taking a whole lot of debt that will not rear its head
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this holiday season. something to watch out for the first half of next year. melissa: jack, apple, they have to come out with the next big trick. apple is line the times? they haven't done enough innovation. boom they have to up production in order to meet with demand. the other thing that i hear at my house every day. when can i get one of the new iphone five trillion. how much money do you have, kid? >> i am pleasantly surprised to see this i suspected this might be an off year for iphone orders because people would look for the 5g service down the road. they would hold out. if they're ramping up production like this, if this is what an off year looks like for apple these days, it bodes very well for the stock going forward. melissa: yeah, well-said, thanks, carol, jack, we can catch you on a brand new show premiering tonight on fox business. "barron's roundtable". appears 10 p.m. eastern. >> don't go anywhere for the nexensix next six hours.
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cancel your plans. melissa: after "wall street journal at large." connell: after everywhere else in new york, it was a crazy week, right, phil? >> crazy week. i'm ready to get back in my straitjacket i'm telling i'm right there. oil broke a eight day losing streak after a terrible week about concerns of a slowing economy. we came up with a strong jobs number. as well as a concern, on the u.s. oil rig count. we have fallen on the u.s. oil rig count seven weeks in a row. some slowing in the economy may be the shale sector finding hard to get investment. the money is drying out on investments. production is strong but weighing on that quite a bit. the rigs for oil is at the lowest level since 2017 of the doesn't look like they're stablizing here. gold stablized a little bit today. gold has been on fire on
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recession fears. it pulled back because the recession fears pulled back with a strong jobs number. a lot of people are starting to get very bullish on gold. some big banks are coming out with buy recommendations. stay long gold, and talk to you soon. connell: have a great weekend. phil flynn out in chicago. >> you too. melissa: the automated future. growing fear of rising robots in the work place and the impact it could have on u.s. jobs. how one manufacturing facility is tackling a worker shortage with a rare collaboration. we'll take you inside the facility next. do you think i'm getting a robot coanchor or something? connell: that is loaded question. there he is now. melissa: that was good. connell: one facebook billionaire to another. mark zuckerberg taking aim at the wealthy. what? as the crackdown on big tech continues on 2020 stage. something to talk to steve forbes about, the forbes media chairman, on fallout. melissa: fine print fees. consumers are footing the bill of course.
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future because of automation. but what if the robots and the humans can make work together? grady trim pell getting an look at a facility in illinois, grady. reporter: the goal is for the two to work together. i am going to start this robot. what you will see it do put a piece in it like this. shape it into a different piece. let me show you what the final product will look like. the idea is cobotics. their next door neighbor decided to give it a go. you're the neighbor. why did you decide to go it at your shop. >> we needed to create efficiency and complete the operation quicker. reporter: people are worried that the robot take human jobs?
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>> it works in reverse. you have higher skilled people. reporter: hard to find people doing mundane tasks placing a part in a machine over and over. this cuts out the struggle, right? >> it dis. gives them a lot more purpose. if they see earning potential they can do that. reporter: they cam climb the ladder a little faster. what other things are they able to do other than mundane menial tasks. >> they learn to program these types of machines and other robots. their job level goes up. reporter: that gives them more earning potential in the future? >> absolutely. reporter: you said increased efficiency. these things don't take a break. they don't need health benefits. they don't take lunch breaks, that has to be a pro as a business owner. >> we run it 11 hours a day. reporter: never gets tired? >> never gets tired. reporter: never complains? >> never complains. reporter: sounds like this could be the workplace of the future,
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robots coexisting with humans, cobot ics. good stuff, grady. melissa: here is veronica daguerre, good spin in marketing cobottics. is it really possible training a person doing repetitive tasks to do a robot. if the person is does not want the job, not suited for the job, hard to train them, what are your thoughts? >> it is possible to be a precisely different skillset. you are now working with your hands, now a computer programmer, entire different skill and people may not be interested in that automation has a place. in terms of the job loss there is real risk on sort of lower skilled jobs to see you won't have as many jobs out there. if that does occur because of this automation, there is some big questions to be answered. for example, you know, if you
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need to retrain your workforce, whose responsibility is that? is it that the companies? what does the government play in that if any? melissa: none. >> right. an individual worker if you see you're being automated out of a job, what is the onus on you to rethink about what skills you need to get in order to stay competitive? melissa: yeah. >> i think all these questions need to be answers for the continuatino of a civil society and also for capitalism. with all the backlash against capitalism, especially amongst young people today some of these things need to be figured out. melissa: for the most part i talk to different manufacturers and company heads, they want to retrain the same worker because they're already there, they're already invested in the hiring and it a question of sort of how do you get that done and training the future workforce to understand your skills have to evolve over your whole lifetime in order to continue to have a job because everything changes. let me ask you about another
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situation at amazon. there were more than 60 amazon workers who walked off the job at a warehouse in minnesota protesting the company working conditions. this coming a day after a similar protest in sacramento. veronica, do you know what their issues were? >> some of the issues here, some of its work hours and some is work conditions. some people say we're not getting enough time for basic things like going to the bathroom. we can't take enough time, paid off time off to go to family funeral or what have you. they have to lift heavy boxes. if they get injured they risk being fired. some of these workforce issues, quality of life issues are following amazon around and i wonder what the future will be, not only for the workers if they see larger protests but things like regulators. we're seeing big companies get more and more focused in terse of regulation. will this cause more regulation on a company like amazon?
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from an investor point of view i'm really curious. there is push toward impact investing which more individual investors are focused investing in companies that make money but do good. individual investors millenials and women, perceiving that amazon is a country does not do good. does harm. we'll see people divesting in companies like amazon from their portfolio. melissa: why walk your dog when you can take it out on a paddle vacation. rental site, airbnb, launching animal experiences, a new category that lets travelers book excursions with animals but it could cost $500. i think the lead there might be misleading. you bring your animal. there is animal there you go have time with. the dog on paddle board is already there you paddle board with him. there is also, different i think it is in spain you get to be with the horse whisperer.
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it looks pretty cool. what were your thoughts? >> so cool. sign me up for any dog experience. i'm completely there there is experience in cambodia with rats. i'm not so excited about that one. melissa: yeah. not bring your rat to cambodia. go there and enjoy their rats. no matter how you slice it i'm not that excited about it. some of them look cool. there is couple get scenarios. have tea with a goat. that looks really cool. veronica, good stuff. your podcast, secrets of wealthy women, i love it. >> thank you. connell: have tea with a goat. that is pretty cool. that is the quote of the week. that actually looks like fun. melissa: yeah. connell: meantime we're moving on here. fires on the streets in hong kong today. things really got out of hand with the move the government has made and how protesters are battling it out. we'll go there live look for answers. next, the new film "joker" planning to rake in millions of dollars this weekend but officials are preparing for more
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connell: it is an ever deepening crisis in one of the world financial hubs. things went from bad to worse in many ways in hong kong as officials close the entire city subway system as government banned facial masks at protests. greg palkot live for news hong kong with the latest from there, greg? reporter: connell, you're right absolutely. a lot of trouble friday night. skirmishes all across the city. the prodemocracy protesters here are very angry about that face mask ban. we were out in the middle of it for a bit. take a look what we saw and what we heard. people here in hong kong had pretty fiery response to the face mask ban and they have gathered in the streets to give a definitive answer. they are not taking them off.
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>> totally rubbish. it is total rubbish. >> very bad. >> why? >> because we have freedom to wear masks. >> i think that is the they're totally abusing their right and their power. reporter: now embattled hong kong chief executive carrie lam utilizing emergency ordnance not used for 50 years when this was a british colony. now china as we all know, firmly in charge. locals finally took to the streets. another young protester friday night was shot an injured by a plainclothes police man. most demonstrators at the protest do wear masks mostly to hide their identities from the authorities. the new law says if you're wearing a mask, you could have a one year jail sentence. experts telling us this is impossible to enforce. it is seem more as a desperate attempt by the local authorities to try to end nearly four months of unrest. connell, now we are saturday
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morning here in hong kong. that law is in effect. guess what? we're going to have a test in just a couple hours. another big protest is planned. back to you. connell: we'll watch it all weekend. greg palkot live in hong kong. melissa. melissa: potential risk on commercial flights. some u.s. airlines are taking out without a full kit of life saving drugs on board. according to a "new york times" report. domestic and international flights must carry five specific drugs for passenger emergencies including severe allergic reaction and cardiac arrest but in 2016 the faa granted more than 50 airlines a four-year exemption from the requirement citing chronic shortages. you know that had to do with epipen. remember that. connell: find a common ground. at least one billionaire thinks senator bernie sanders might have a point when he says billionaires shouldn't exist. melissa: hmmm. connell: steve forbes coming in on that, talking about mark zuckerberg's latest comments. melissa: plus three democratic
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presidential candidate are significantly outraising the front-runner. we're breaking down what it means for the 2020 race and your wallet. that's next. connell: a new report revealing you might be spending hundreds more than you think on a household service. we'll tell you how you can avoid some of these hidden fees. that is coming up. melissa: that is the important part, avoid them. connell: avoid them. to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. 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,
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melissa: flipping the script. referring to billionaire billionaire facebook founder mark zuckerberg says no one deserves to have that much money. zuckerberg not announcing any plans to give away his fortune anytime soon. let's bring this steve forbes, forbes media chairman. what do you make of this? one of those people that will pull up the lad every behind him. >> amazing. a lot of people make it. create great companies. feel guilty about it. he doesn't have to feel guilty. rich people may be idle but their money is not. it is invested starting new businesses. he is talking about philanthropy. take a model of the gates foundation which literally saved hundreds of thousands of lives in africa, asia, elsewhere. there are plenty of good things to do. you can't do good things without resources what we call capital. that make as system work, enable people to get a higher standard of living. >> it might have to do with pr without question. if you look at mark zuckerberg
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channeling his inner anti-billionaire, it might have to do with elizabeth warren who called him out at a campaign event in nevada. listen to this one. >> what we need is a president with the courage to enforce the antitrust laws, break them up. [cheering] yes, mark zuckerberg, i'm looking at you. [cheering] melissa: when he says, oh, nobody deserves to have this much money, is he helping himself with her, playing into her hands? >> you never appease demagogues or critics by being defensive. make the case of what you have done and what you're going to be doing in the future because i would rather have mark zuckerberg for all of his flaws investing my money than elizabeth warren, bernie sanders or joe biden or these other people. melissa: right. elizabeth warren who has never done, produced, made anything in her life. she has been a professor. she, made a fortune on a college campus and then she has been in
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office. i mean mark zuckerberg has met a payroll. he has dealt with ups and downs. i mean it just is astonishing to me that he would be kowtowing. at the same time for her, you know, zuckerberg and on that account are really unpopular. making them her whipping children kind of makes sense. yes? >> they always have to find villains. democrats don't have much to go with except higher taxes and government running everything, which we should have learned from the soviet union does not have a good end. he should be willing to hit back. don't know who advises him, be proud of it in 2012 mitt romney came back as defensive about his equity career. it hurt him. trump by contrast was the opposite. so defend, if you believe in it, defend it. to make the case this is how you get a higher standard of living. the things that elizabeth warren and others are proposing will
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hurt very people they purport want to help. melissa: are you amazed how many people it appeals to though? when she talks about confiscating wealth in a country supposed to be built on the american spirit, the american dream, entrepreneurialism? >> even though we had 2 1/2 years of economic growth for the first time in a generation, people still really don't believe in it yet. they don't believe we're really on the right track again. they're still uncertain. and so the free enterprise system, even though it was government errors that caused the disaster of 2008, free markets get the rap for it. so it is not surprising. we saw this in the 1970s with the great inflation. the 1930s. even going back to the 1890s this is nothing new. every 40 years we dead these periods. those who believe in freedom, the ability to innovate and create, enable everyone to have a better chance, start going out there to make a positive case. melissa: steve, thank you. always brilliant. appreciate it.
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connell: we continue to follow the money. former vice president joe biden announcing his campaign raised $15.2 million in the third quarter. now that leaves him in fourth place among the democrats running. he is well behind bernie sanders. he is behind elizabeth warren. even trails mayor pete buttigieg. doug schoen, former pollster under bill clinton, these days a fox contributor. they all trail president trump who raised $125 million in the third quarter. but on biden specifically. given everything going on in the world, what do you make of this number, just 15 million? >> it is very discouraging. given that president trump is turned his sights on biden and his allegations about corruption toward biden, biden's son in the ukraine, i would tell you the polls are turning against joe biden. warren's ahead. i think, iowa, new hampshire, indeed some national polls, this
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is very bad news, connell. connell: can't joe biden use that, what you're talking about to raise money going forward from here? we see president trump using the impeachment inquiry he is facing every day of the week to send out fund-raising texts and emails and the like. can biden do something similar to dig himself out of this? >> i'm skeptical, only because he has been in a slide for a while. there has been gaffe after gaffe. i don't sense in the party any enthusiasm left for joe biden. connell: it is really amazing isn't it. is that related directly to what's going on with the impeachment or in your view, the investigation of he and his sons or son or much more to it than that? >> i think there is much more to it. i think it is the gaffs. the fact it's a left-wing party and he is the moderate in the race. and i think it is the fact that he is increasingly perceived as out of touch. right now the only dialogue we get about joe biden concerns hunter biden and ukraine. connell: right.
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and that doesn't necessarily help the matter out. >> exactly. connell: how is it going to turn out? i think that is increasingly the question that many business owners, investors, want to know. >> sure. connell: they obviously look at all the headlines, seems like there is one impeachment related every single hour of the day but the at end of the day, what will the outcome be? will it hurt joe biden, elizabeth warren or the president? we know, president trump has been open about it himself in public. we know he asked two countries ukraine and china to investigate a political rival, in this case joe biden but we have no idea still how that will be handled by the united states congress. what will happen over time. so i what do you think is it going to happen? >> i will offer a fearless prediction if you like, connell? connell: sure. >> first i think president trump will be impeached. i think there is almost no chance he will be removed after a senate trial. i think both he and the likely democrat now, elizabeth warren,
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will have a very tough campaign. i think it will be a close election. i would still give the incumbent a narrow bit of advantage. connell: okay. >> but this is going to be a donnybrook and, anything can happen. connell: that is interesting. you're resigned, i go back to what investors want to know, you're resigned to the fact it is trump versus warren after trump has been impeached but not removed from office in a very, very close race? you pretty much think that is the most likely outcome? >> that is the most likely outcome. if i told you i was certain of that i would be engaging in a little prevarication. connell: none of us are certain of anything except that it is friday. hope you have a good weekend. >> i will. thank you, best to you. >> 2020 tmi. apparently trips to the dentist and the barber are not enough for beto o'rourke, the presidential candidate trying to connect with voters posting a video of himself getting a flu shot. connell: he does a lot of this
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thing. melissa: i don't need to see that. connell: you don't want to watch the whole thing? oh, the needle. it is weird. just weird. melissa: desperate. connell: or that. could be that. a controversial opening day meantime. heightened security across the united states. a lot of people talking about this movie. yoke kerr is -- "joker" is hitting theaters nationwide. we will take you outside after popular theater in new york. microsoft sounding a potential alarm on a hackers targeting the 2020 presidential race. details on the warning. tonight on fox business -- >> exciting every day for the american worker. we're fighting every day to improve the quality of life for every single person for this country and we're delivering. connell: watch the full exclusive interview, ivanka trump on fbn at 8:00 p.m. eastern time. we'll be right back. the world is built for you.
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call now to start your membership or visit lifelock.com/tv connell: warner brothers film joker is on pace to break october's box office records after earning over $13 million from thursday preview screenings, but the movie hitting theaters with controversy and extra security. jackie deangelis outside after theater in times square with details. jackie?
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>> the "joker" premiering nationally. federal authorities are warning local authorities about threatening social media posts on line. you can see here at the 42nd street amc counterterrorism agents behind me and their vehicles lining up the streets in preparation to secure the theater. now the film is one that touches on violence, it touches on mental illness. that violence can also be random and pretty severe at times. the question of course, will this pure copycat attacks in theaters across the country? director todd phillips remind everybody that the movie takes place in a fictional world. warner brother says it is not an endorsement of real world violence of any kind, adding quote, not intention of the film, the film makers the studio to hold this care character up as a hero. we remember aurora colorado in 2012 when 20 people were shot
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and killed at a showing of the ""the dark knight rises"." landmark theater says no face painting, costumes, no mask of any times. he says behind me the costumes are actually okay in the theater behind me t spark as debate about mental illness and gun violence around the country as this very popular movie is throughouted in controversy. guys, back to you. melissa: criticism against the new movie justified? who better to ask our own david asman. there is a little bit of gleeful see some of hollywood's sanctity money splash back on them. >> absolutely. hollywood complaining there are not enough gun laws when they have their own private security forces with guns tucked into their hip. bottom line, there is a long history of hollywood loving the bad guys, not that i was there, i think back to movies like
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white heat with jimmy cagney back in the '50s. glorified criminal, who blew himself and whole city block up. it is not unprecedented. in this environment, with this much concern about crazy people pulling out guns and killing people, to have a film like this, this goes directly against hollywood claims, peace niks for people not hurting each other. this film runs in the face of that. it's horrible. i don't even know if i'm going to see it. you know i'm a movie holic. i go see practically every movie. this one i must say is not on my list. melissa: you can have every conversation with david asman he can make a movie reference. >> i have a million of them. melissa: what is coming up on "bulls & bears"? >> we have wonderful show. first neil cavuto will join us as a guess panelist. melissa: he is the best. >> even when we disagree we love with each other. andy mack cart think will be on
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a -- mccarthy is on, best analyst dealing with the whole impeachment thing. claudia rosette will be live from hong kong. claudia used to be the asian "wall street journal" editor. she knows hong kong. she was there in tianamen. now she is in hong kong as hong kong is going, going up in snoke. let's hope it down get that bad but she is the best analyst on the scene for that. so we've got a great show 5:00. melissa: i'm not moving. i will sit here in studio. watch the entire show. >> you can have a drink while you're watching. melissa: i love it. david asman, 5:00 p.m. eastern, fox business, we won't miss it. >> good stuff. connell: new fallout from the streaming wars. new moves to counter the rise of netflix. viewers are taking sides. we'll break out the details. plus your hard-earned cash at risk. secret fees behind your cable bill. how companies are leaving customers in the dark. what you need to know about that coming up next.
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>> interrupted the 2020 election, at least one presidential campaign has been targeted by suspected hackers, not from russia but from iran. we get this information from microsoft today. what do we know about this one dietrich? >> i'm just getting released from a press release sending to the campaign about the attack, this is according to our sources and our colleagues at the wall street journal, they've done incredible reporting. it appears this intrusion was not successful but really what it does show is that there are so many foreign governments who would love to be able to disrupt our 2020 presidential election as we recall, the last time around facebook was able to be manipulated. we think have of the country
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voting population salt and add that was created or manipulated by russia. obviously to everyone's best interest to avoid that for the next presidential campaign and tech is actually working with government to keep each other informed of this going on. microsoft saying, that attacks -- attempts at spearfishing, had gone through but they were not sent to the campaigns. many people say this is a dry run for 2020. >> it makes sense, something new is out there but even a warning even if it was unsuccessful. you mentioned the wall street journal. escalating the battle, did enter disney sending netflix adds. >> they sure are. we are now in streaming wars.
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all of these are spent on content and spending on ad dollars, they all want our eyeballs and attention and it seems when you put into disney plus, in november, they do not want you to see any netflix adds because netflix is now the competition. all these competition are enemies. when i was in california this spring i remember asking disney, he was one point on the board of apple, what do you do when they start talking about apple streaming, step out of the room and even that point he said yes, i do, and he also said he is checking his e-mails on his ipad. >> all these relationships, if you like this kind of thing it will be fun to see who comes out on top. in the meantime, sorta related, but we were looking at a story
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today which gives you new reason to dislike your cable company. >> this is a scandal. >> the number 450 that we have on the screen, hidden fees, $4.50 fourdollars and hundred dollars and 50 cents. and this will give us another reason to be not such a big fan of these people coming. one example, spectrum and loss and all spring they went and signed up for an account and she thought it would be $89.97. but once he got in there and got the two dvr's, cable box, broadcast fees, it came to $132. and it seems that they get you on the bundling, low price and two years later there are more and more fees. i had to speak to a cable analyst about this and he said this is a relatively new phenomenon that these companies
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are even allowed to do this but it is illegal but in the past decade that they have been allowed to slip these fees in. >> there are people that are trying to go through this process and maybe cut the cord or having a streaming service, you look online and you see a price and you say well i'll get that plus netflix and disney, disney plus whatever it is, but that's not really the price. >> no, at least one analyst said this gives you another reason to cut the cord. there are actually lobbying efforts going to congress to try to force the cable companies to be more transparent in their billing and get back to where the industry was ten years ago. we will see if that works. >> happy weekend to you. thank you for bringing that to us. >> have you bragged that you went for your cable we'l bill ad sorted out with all the charges? >> long story short, a similar issue trying to cut the cord which i did but i got a streaming service to see fox
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business. a little confusing, i got down to the right price but it took a lot of work. >> it's a lot of work that's what they count on. you get exhausted along the way. that is it for us. >> happy friday, have a good weekend. 372 on the dow. "bulls & bears" start now. >> we have the best economy we have ever had, we have the best job numbers we have ever had and 51 years. the best unemployment numbers that we have had in a half a century. and you know what, people understand that. people are working and making money. if you look at one very important work that was just announced, wages up 3%, that is unheard of. >> president trump celebrating the september job report with unemployment now at more than 50 year low. making a bold prediction of fox business of the strength of the economy near
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