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tv   The Claman Countdown  FOX Business  October 9, 2019 3:00pm-4:00pm EDT

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i want to buy target before the huge runner. i'd be looking at other names that does not have a huge runner. charles: cole has not had a big run. >> you want quality and winners. i like amazon over kohl's. i think amazon can move forward. charles: amazon looks real cheap. ashley webster and for liz. >> thank you charles, no pressure, breaking news, president trump expected for american families and small business owners when he signed two new executive orders. we will take you straight to the roosevelt room at the white house. meanwhile trade movie markets again today. a massive trade delegation arriving in d.c. just one day ahead of a cortical meeting between china's vice treasury steven mnuchin and robert lighthizer. the possibility of an powerful
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tracheal comes as china reportedly ramping up purchases of american agricultural products. terry will be here to put it all in perspective. the market as you can see breathing a sigh of relief. the dow of 227 points, the s&p and nasdaq up over 1%. this comes as trump has blacklisted chinese artificial intelligence companies. could that crackdown have unintended consequent this for american a.i. companies to power the robots of the future. we will get into that and take it up with billionaire software executive tom siegel, the ceo of c3 a.i. that will be a fox business exclusive. we're less to the closing bell and i'm ashley webster and for liz claman. let's start "the claman countdown". ♪.
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ashley: we begin with breaking news. thick black smoke at the syrian border town off of the turkish army carried out airstrikes to get a list of targets. this comes days after the u.s. troop pullback from the region. meantime apple stop getting a boost today as they raise the price target on the stock to 260 bucks making a bullish call on the iphone 11 in its success. they say apple may use the proceeds to buy back stock or raise the dividends. outlook one and a third%. netflix not fearing so well as analysts predict it could take a hit from rising and yes increase competition from the likes of apple and disney. of a cutting his price target that $300 and rosa black securities went further cutting down to $265 and netflix down over 1%. u.s. steel shares hitting a three and a half year low after
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the company named a new cfo and announced cost cuts and form a demand to push the steelmaker to idle furnaces in the u.s. and europe, that stock down over seven and half% on the day. to the trade war, fox business reporting today that chinese delegation is a hundred people strong and bigwigs such ahead of the reform commission and the inflammation industry technology. those are the officials in charge of the contentious issues such as intellectual property and enterprises. those are the sticky point in the trade negotiations. in the size of the delegation may signal seriousness of the high-level talks that are set to begin tomorrow. could it be a breakthrough, joining us now, heritage foundation international trade in economics center director, thank you for joining us. we get word that 100 people in the chinese delegation are here
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including bigwigs and areas that we would like to get some agreement with. is this a promising sign or just more people than usual showing up to talk. >> it's definitely a good sign. one can hope there would be some significant progress on those issues, i do not expect that we have those issues and with the maturity and discussions that could lead to a deal with a global encompassing settlement of all of our problems with china. it's a very complicated set of issues. i would be looking for a more narrowly focused deal and maybe not this week but maybe sometime in the next month or so. i think that's where our hope should be pinned. >> if we get a mini deal, would that be the u.s. the escalating
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on the terror side and the chinese buying more u.s. act products, is not the kind of bill you expect? >> i think that's exactly what were likely to see. we have just seen something sort of similar to that between the united states and japan, it is something that is probably on the table to be harvested if both sides can agree to that, it would not solve any of the long-term problems with china but it might improve the atmosphere of little bit. we have lost a lot of trust between the two sides over the last few months in any step that can be taken to start to restore the trust would be really helpful in getting long-term solution. ashley: the fact remains that the main issues, the forced transfer technology, the stealing of intellectual property, this is a problem that has been discussed for quite some time but we cannot seem to get to a point where the chinese agree they will stop doing that. >> these are problems that have been discussed for years
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actually. i do think that china has made some moves in this area, clearly not enough, the problem is that the pieces changed in china and it's very, very slow. we had hoped for much more rapid change, a much more direct turn for free market principles and the rule of law. but we have not seen that in recent years from china. it will be up to them to decide if they want to really join the 21st century in the globalized economy as a full partner or not. that is a societal change and it'll be difficult for them but it's what we need to see. ashley: that will not happen overnight. we will see what happens tomorrow. thank you so much ambassador terry miller. much appreciated. >> with stocks in the green and reports say potential partial
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trade with china as we discussed with ambassador, the leg latest revealing slowing rising trade could hit hot the u.s. economy. this is the fed to cut rates even yet with the possibility of some trade resolution in the fed fund future is still showing an 82% chance of another rate cut in just three weeks. if the deal is reached during talks is weak, will the fed cut? we have met with the new york stock exchange and luke at the nymex. matt let me begin with you, every day we go up and down with progress or lack thereof with china. but i want to talk about the fed. when you look at the minute, maybe the market is expecting more cuts than the fed is
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expected to give. >> certainly, we are rallying on some of the news we got out of bed this afternoon. that started with the u.s. china trade talk, that provided a good start. the fed is what fueled the rally this afternoon on a slow environment. we are in a bit of andrea and i'm not sure president trump will sign a deal with china until he gets more rate cuts and the feds not willing to cut rates until we sign a deal. if 82% of the participants think we will get a rate cut in october, that's a good sign for the market and that's what we will expect. ashley: luke, there is no doubt that the u.s. economy is slowing down in the pace of growth has slowed down. but there are those out there already shouting recession, is it that bad? i still feel like the economy is doing just fine especially compared to the rest of the world. >> i don't understand why everyone thinks the graft has to be a straight line up. obviously there is going to be a little slow down because of the trade wars and because ceos just don't have any clarity on
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putting in order and overseas and wondering if they can bring it in nine months from now. there is going to be a little bit of a slowdown but i don't know if were fully added recession and as far as the fed is concerned i think they have been cutting too much over the last three or four years. they will probably cut again. look for them to see if they are going to expand their balance sheet. that is going to be another big part, the rate cut could be really small but will they talk about the balance sheet and that's where the real kicker is going to be. ashley: matt to follow up with you, third-quarter earnings season is here, what do you expect profit margins being cut when it comes to last year a little tough but overall what are you expecting? >> we are expecting the bar to be lower so these companies have
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a chance to be there. we seen the first quartere secoe built-in excuses with the china trade talk. these companies are going to have to get past that and start producing numbers. but if they are able to walk down the numbers to something manageable for the company can meet them, the market can maintain upward pattern. ashley: we will have to leave it there. a little skeptical on third-quarter earnings. thank you for joining us this afternoon. let's get a quick check, about 50 minutes on the close of the dow humming along nicely, up nearly 1%, 243 points at 26407. coming up next, the robots are coming if you did not know, the creepy video to prove it. this time ceo says you should embrace them in the technology that powers them to keep your business from going to the way of dinosaurs. billionaire software is here to the key of avoiding corporate extinction. we are also waiting for president trump to sign to executive orders for tax rates
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for small businesses. we will go live to the white house as soon as that happens. "the claman countdown" is coming right back ♪ ♪ the lexus es... ♪ ...every curve, every innovation, every feeling... a product of mastery. lease the 2019 es 350 for $379/month for 36 months. experience amazing at your lexus dealer.
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ashley: take a look at the market once again, the dow up 243 points. 1% gain, the dow transferred leading the way with the 200-point drop this week, the transports are rising up one and a third%, good for 132-point gain. thanks in part to the airlines, american airlines announcing it ha pulled the 7 max plane from the schedule all the way until january of 2020. you can see american up 3% and
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also raising, typical for the airline america and delta raising higher, they have been grounded since about mid march after t two ddly crashes and other airlines as we said united expect to bring. >>s bac on december 19. a little earlier than american. american says it's canceled over 9000 flights in the third quarter because of the grounding and cut pretax profit by 140 million. even with further grounding shares of boeing are flat. up just the third adam buchan 375 points. let's take a look at the powell stocks, on the higher of the possibility of a partial many u.s. china trade resolution. let's get to the new york stock exchange. >> some folks say that these stocks are doing better because of the deal with china that
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could be coming. let's look at under armour, kohl's, gap, pph, i gotta tell you i talked to several traders on the floor, they are not agreeing with this analysis. they say that this is a sector that has been undervalued, undervalued and now we have people coming on and buying these stocks because they think they see and upward movement going on. meanwhile, we are getting to the holiday season, retail stocks do better in the holiday season. clearly if there is a deal china these companies will benefit but that may not be why they are moving higher today. ashley: thank you very much. one stock in the red on the dow 30, johnson & johnson this is after a jury awarded $8 billion in damages to a maryland man who use the company an antipsychotic drug which car cost and large
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breasts, the drugmaker failed to warn young man about the possible 500 side effects. their calling the amount successive and their number will most likely be reduced. johnson & johnson trading $129. another equity firm pitching a plan to help at&t debt and direct tmt problem. but will activist investor charlie gasparino here next to break it down and we are still waiting to hear from the president as he is expected to sign two new executive orders. that is coming up on "the claman countdown".
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ashley: looking to strike a deal with two separate satellite providers and what could be $1 billion for now. charlie gasparino is here to dish apollo's proposal. >> we have reviewed the deal
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documents. apollo made the pitch to at&t, a big issue is at&t what to do a directv two. they said they don't want to sell it, the apollo deal is interesting, it's not quite as sale, they propose this, they create a new company and you upload the at&t to the new company and then dish sells itself to the new company, the whole thing is financed by apollo and basically their new name and essentially at&t maintains control of the new company. it's the new majority owner which at&t wants, directv is a satellite provider of television and declining asset but still a huge asset, they like the distribution and has over the top, they want to keep it. apollo is saying you can keep it in directv has a ton of debt,
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they brought in 2016 and have 20 billion under billion dollars of debt, you upload it to the new copy, finance but out and maybe others, apollo takes the dish of a complete. >> will at&t go for this? they came out and said they do not want to sell directv. ashley: one of the speed the perfect solution. >> from what i'm hearing into the company, the spokesman had no comment, they are saying it is not quite on the table. it is not a firm no but it's not quite on the table. and they don't meanwhile doing something like this they clearly have a problem with that. >> various acquisitions including time warner and directv in 2016. clearly they like the model of controlling distribution. clearly they have an investor breathing down their throats and you have to get rid of the debt. clearly they have to do
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something. i can't tell you this is different this might be kind of it. and to think they would be spun off together, directv and dish. is there a need for two satellite providers, direct tv is three times bigger and got 5 million customers and direct to be has 20 million. they probably don't need to be separate. people are cutting the quarter by itself to other things. so there's really not a reason for having two companies. although there is a question, will the justice department approve a merger even for go there. we do know apollo has pitched with investment bankers and we have seen the deal documents, it's pretty interesting that they will finance and give money to at&t and to the new company.
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apollo will be there under the steel and dish will be there in at&t remains control. it's interesting but i cannot tell you it's going to happen. ashley: what does this mean to at&t once they get the death of the book. >> they needed the stocks will go up. in transforming itself from a telephone company to what it is now, a media, it took on a lot of debt buying drug to be and then what happened to jack to become of the asset goes down. they turned around and tried to remake themselves one more time by buying time warner. a lot of debt and premium assets, they do have it is to patient system, they are declining distribution. so you have to figure out how to make the numbers work, this is one thing that they had pitched to make it work. we should point out, atop her own at&t, i think the stock might have went up on the report. >> they were down today before
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we reported this. ashley: now it's coming back a little bit. >> that's the time we started reporting it. the new detail here, we review the documents, it is real. apollo picked up billions of dollars cash to at&t in the new entity. it'll be interesting to see what happens. ashley: you will find out first. thank you very much. let's take a look at the market again. the dow is up nicely, close to 240 points. the s&p and nasdaq up more than 1%. as we have been telling you, trump set aside two new executive orders to cut and help small businesses and american taxpayers. we will preview live from them white house when claman countdown comes right back.
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am understanding, they are getting ready for the president to come in. let's talk china, the chinese delegation is here, the largest they've had in the talks with the united states over the past 19 months or so. talking about 100 people. it's not just the department, it is the staff of many departments have come over here. the two departments in particular, the two of them are responsible for protecting intellectual property rights as well as the enforcement of intellectual property rights. that is a big key for the chinese, they told us they will not change their laws. but they can handle protecting intellectual property rights through administrative regulation. these folks are here to tell or show the u.s. that they can do that through ministry of regulation and protect intellectual property rights. the trade talk face-to-face ta start tomorrow, the 13th round of face-to-face talks between the u.s. and china. they are getting ready for the executive signing, these are two executive orders as you
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mentioned, it'll bring transferred. one, the acting director of the omb says if they will have a searchable engine, any type of blog or speech that is vital that the government employees make will be searchable on a website and that's one of the things executive orders will do. that's important for the american people to find this information, the acting director of the would-be says this'll bring out from the darkness any administrative role or what gets changed or might he highlighted. the public plays a role in having an active and participate if the rule goes into effect or the criticism of the role if they do not like it. the big thing with it for tomorrow, they may address this, that china trade talks, the 13th round face-to-face talks starting tomorrow morning. we will be all over it.
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ashley: thank you so much. we will get right back to the white house when president trump begins to speak in just a few minutes. the closing bell ringing and just about 20 minutes from now. it is the question is, is the u.s. economy officially and a recession? it does not feel like it but the closing says yes we are beginning one. but the stocks to keep you stashed with cash. "the claman countdown" is coming right back. cologuard: colon cancer screening for people 50 and older at average risk. i've heard a lot of excuses to avoid screening for colon cancer. i'm not worried. it doesn't run in my family. i can do it next year. no rush.
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taxpayers and small businesses. we will hear from the president and take you there. economists debate that the u.s. economy is heading towards a recession, today's countdown close as we are at the beginning and have no fear, he has a recession proof plan to keep you pumping green. those are big words joined by todd. great to see her. if you say we're in a recession, it must be early stages. i feel like as we are slowing down in the u.s. but it is still pretty strong compared others. >> actually it is great to be with you. the markets are still robust and going higher. the reasons they're going high, the fed to cut rates and a china deal, the fed will cut rates, i don't think there will be a china deal, manufactures line down in the economist have never gotten right in history, they will pay you ten years later that we're in a recession
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in 2019. we are getting to very early stages, no effect in the market, there is still a change for yield, people looking to place their minds, the only place to go is united states equity market. ashley: is the fed lowering rates because the rest of the world is a negative in most cases and in order to help the u.s. be competitive and not make the dollar so strong you could argue it's not so much the economy is what's going on around the world. >> i agree 100%. i don't agree with the fed, i wish they would end it at the end of the day they are here, lowering the rates make sense to keep up because they will still dragon money based on a higher rate than anywhere else. >> i saw your note, we put them on the screen. trade is in the short-term but investors should be in it for the long term, if you're going to put new cash in, you like dividend stocks. which ones in particular. >> if you are going to play now which it you have to be able to take the ups and downs.
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i like verizon, all of these are about a 5% dividend player, western digital, first of all chart wise it looks like it wants to pop, a three and half% dividend and agency, a little higher risk which are getting a 12% kick for going for a little bit more risk, the more the company based dividend the higher the risk the investor is. then the markets -- >> i have to interrupt, the president is in and speaking. let's join him. >> we had an extended conversation. and we had pretty good ideas i think. i wanted to see if we could do a couple of things and they will be doing certain things for us. i want to think the indianapolis police department, they have been so incredible with what they've done. tomorrow we have a term of this amount of people and then chris
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kevin incredible. so i think it is a great state and work and have a lot of fun tomorrow night and a lot of you will be with us and friday night will go to the louisiana and is a big election on saturday to see whether or not there's a ronna and and they're doing wh y well despite the witch-hunt. i want to thank everybody for being here and coming to the white house for this important occasion. i will be signing two executive order to expand the regulatory reduction campaign that is helping to fuel our economic boom. i guess the stock market is up 250-point today and despite lots of trade deals that are getting done one by one, we have a deal with south korea, a really big one and we did when yesterday with japan. and that goes into effect and
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tremendous for farmers. as you know weave china coming and they're coming tomorrow. we have the vice premier of china coming, we have a lot of big things happening and tremendous deals under negotiation. despite all of that we have a great economy and a great market our housing market is on fire. and things are really doing well, if you look asia, china is having a hard time at this moment. and i would like to make a deal veryadly. so we have a lot of things that are really exciting and to be in the midst of negotiating some of the worst trade deals ever made, and to be breaking them up and changing them for the good of the my contacts pair for our country, and to still be doing so well, we had over 100 record-breaking stock markets i think 121, all get to the exact
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number but many days we broke the record. and we continue to do well and when these trade deals are done and other things that we're doing are done it is going to be at a level that is incredible. that was the cutest noise. [laughter] i'm used to hearing them and there's nothing cute about them. so beautiful. and you can do whatever you want. that is a beautiful sound. today we take bold to action to protect americans from bureaucracy and stop regulators from imposing secret rules and hidden penalties on the market people, we are delighted to be joined on this occasion by acting director who has done a fantastic job, deputy attorney, jeffrey rosen and congressman mark meadows, louisiana
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solicitor general, liz morel, i will see you on friday. i don't know if you will be there but we have a big crowd. and several other state and local officials, we want to thank you all for being here, federal agents have issued thousands of pages of guidance documents, a pernicious imposed by unaccountable bureaucrats in the form of commentary on how rules should be interpreted. all too often guidance documents are backdoor for regulators to change the laws and expand their scope. they have been used to subject u.s. citizens and businesses to abusive enforcement actions. that sounds like they're talking about me. [laughter] i think they are talking about
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me. i might have a conflict in signing this deal. because of these materials, and the fact that these materials are too often hidden and hard to find many americans learn of the rules only when federal agents come knocking on the door. this regulatory greatly undermines our constitutional system of government under elected bureaucrats and they must not be able to operate outside of the democratic system of government. imposing their own private agenda on our citizens, a permanent federal be a state cannot become a fourth branch of government unanswerable to american voters in america, the people must always rain. with this is andy johnson from wyoming. his family is one of many that suffered from the absurd
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interpretations of the federal bureaucrats and andy is here to say a few words. i wldike to hear that because i think you might be speaking about me or to me. comen appear without beautiful baby. >> thinking. thank you for having me today in my wife morgan and my son rohan. i work for a welder in wyoming. in about five years ago, when i applied for a stock permit for my private property, i had no idea that the epa would come knocking on my door and threatened me and my family civilly, criminally and a fine of $37500 per day. the fines were up to $60 million and when the foundation stepped in and sued the epa on my behalf and my family and at that point the epa change their attitude,
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we were able to come to an agreement, we won our case but unlike a lot of other middle-class americans, that is not the case. we could have never fought, the litigation was way too expensive. so i would like to think the president today for finding signing this executive order which will hold the government agencies more responsible for their actions. thank you. [applause] >> thank you so they had to up at is great, i'm glad it worked out and working out even better. we are also joined by richard who was prevented from expanding his business because of the obscure regulatory guidance on a rule from the 1980s, an old rural, please come up and talk about it. >> thank you.
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mr. president, i would like to thank you for the invitation to speak and bring much needed attention to the reform of the rulemaking process used by the regulatory agencies. i operate a family-owned business in fairbanks alaska, we purchased some land for a business about 20 years ago so we can move operations out of town to the new facility. in expand our facilities. we spent ten years and $300,000 fighting with the regulatory agencies over the arbitrary and nature of the army corps of engineer wetland designation and the use of the alaska supplement versus the 1987 congressionally mandated wetlands manual. this effort is also does not include the time and energy put
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forth by the legal foundation on our behalf. i would like to think those folks as well in the last straw is when we lost our appeal on the ninth circuit court, when they held the agency to make the regulations that we want and require the congressional approval and oversight. i am hopeful that a change is made with this executive order, other land owners will not be negatively impacted as we have. thank you again for this opportunity. [applause] they can very much richer. you went to the ninth circuit, we were great new 900 judges in the ninth circuit. we will be close to 182 new judges in the short period of time. we are in record territory by law. we will have 182 new federal judges not including two new
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supreme court judges. we are already at the 156 numb number, jeff and mark, were about 156 judges assigned in sitting and doing a great job. will be at 182 before we normalize retirement and other reasons that they leave and we could have about 40 or so a year from the process. we will have a big record number of federal judges in this ministration. i want to thank president obama for leaving 138 inches slots. they said you have 138-2142. i said you had to be kidding. i want to thank you president obama and richard, thank you very much for your nice words. when americans and their businesses are sued by american agencies they are sometime not given an explanation of what they do wrong and how they can fix it in with us today is kevin
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whose company was forced out of business. ashley: we will cutting, the president head of signing to executive orders dealing with theocracy, it's what he called out of control bureaucracy, he said federal bureaucracy cannot be the fourth branch of government and signing two bills to cut the red tape. as you have been watching, the dow coming down a little bit we had a session high of 254 and now 181. as you can see on the bottom of the screen, we have been getting comments from chinese officials, as you can see the goodwill is gone off the blast under blacklisting into a chinese high-tech companies if you'd like. that has led this statement from chinese officials, beijing lowering expectations for the u.s. trade negotiation process which gets underway tomorrow. the market has been on a roll
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today and something can be accomplished, maybe n a big deal but a partial deal. and we are told there some delegation of chinese officials totaling over 100 people but these headlines bring in the market back down. let's go to edward lawrence at the white house. >> it is not surprising, we have been hearing this that the 28 companies and entities and groups added to the entity list, the blacklist from the united states where they can no longer do business. also they have the visa restriction for human rights on government as well as communist party officials. this sour the talk this week, delegations did come into this area and it's a very big delegation in china wanted to come work on a deal with what uld be done between the two sites and go forward and set a timeline for everything else. the president shut that down and left the 10% open, in the most
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part it's a complete deal saying we have come this far. ashley: thank you very much. it seems like every day the market is holding to the tweets and headlines regarding the latest with her trade negotiations with china. we will continue to follow this. the dow is up 190. we'll be rightha back. an, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today.
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ashley: we maybe lost a little wind in our sails. maybe the they shuns are not going as bad as we thought they were. bad feelings about putting 28 chinese countries on a blacklist. the market is higher, hoping something can be accomplished tomorrow, when the u.s. and chinese negotiators get together. we're up 205. session highs actually at 260.
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we're certainly off that, but we're not falling off as precipitously as we could be when we get a negative headline out of beijing. moving on. not so for apple. apple users can now send annoying spam phone calls directly to your voice mail. i normally send mine to directly to connell mcshane. he is here by coincidence. with a preview what is coming up on "after the bell." connell: we'll talk about that set up. i thought you were talking about varney. ashley: he doesn't know how to use his phone. connell: if you upgraded software, go in the settings, anyway, next hour we'll walk everybody threw that. tell you like a public service. we'll tell you how to set up the phone for the better. obviously we'll see how the market closes at the top. any little thing on china. we'll cover that. put context to it. final thing, ashley, attention to elizabeth wren and
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presidential race. number one in the "real clear politics" average over joe biden for the first time. we'll look at what a warren presidency might mean for your money. all that when melissa joins me. ashley: we'll have that and more at top of the hour. after the the after bell. at the top of the hour with the dow closing in four minutes. ♪♪ ♪♪ it's how we care for our cancer patients- like job. when he was diagnosed with cancer, his team at ctca created a personalized care plan
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ashley: closing bell ringing in una minute now. we've been following the dow. high point todays up 260. down to 173. we're green across the screen. dow transports up 1%. the market started to lose a little bit of ground in the last five minutes. you heard from beijing they are lowering expectations between tomorrow's trade negotiations
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and china. [closing bell rings] we'l see what happens tomorrow. that will it for us here on the "claman countdown." connell mcshane, melissa franci pick up right now on "after the bell." connell: you know it we're in the green. we'll say it, trade progress lifting stocks. even with ashley saying we pulled off the highs at the end, that is the story for the day as we brace for high level talks to start tomorrow. we put in gains, all three major averages end in the green. final few minutes with word getting out from chinese officials maybe goodwill is damaged from the blacklisting of chinese tech companies that we did pull off the highs. but still 181 point to the upside on the dow. and s&p 500. and nasdaq, also, ending in positive territory, snapping what was a two-day down streak. there you go. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." more on big market movers.

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