tv After the Bell FOX Business October 9, 2019 4:00pm-5:00pm EDT
4:00 pm
and china. [closing bell rings] we'll see what happens tomorrow. that will it for us here on the "claman countdown." connell mcshane, melissa francis 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. here is what is brand knew at
4:01 pm
this hour? connell: elizabeth warren on the rise. dramatic new shift in the 2020 race for the white house. what a warren presidency could mean for you and your wallet. that is coming up. right now in california hundreds of thousands are without power. we have a reason behind the move. a look when customers can expect the lights to come back on. plus a reason, maybe to update your iphone. how new software lets you automatically avoid pesky spam calls. melissa: gerri willis on floor of new york stock exchange. edward lawrence at white house. hillary vaughn on capitol hill. kristina partsinevelos is in the newsroom. let's kick it off with edward? reporter: we'll watch every step the chinese trade team talk tomorrow. seems mood has so youd soured. reports that the 28 companies added to the entity list by the u.s. has soured things going forward. the expectations have been set a little bit lower.
4:02 pm
the chinese commerce ministry told me, told us, they are prepared to come here to work out a deal on those items that both sides agree upon. then set a timeline for items they don't agree upon. this is by far the largest delegation that the chinese have brought to the face-to-face talks with the united states, well over 100 people. but it is just not just the department heads. there is also staff involved in this, important staff too. two departments that oversee intellectual property rights and enforcement are here the looks like china will make the case, they don't have to change their laws, in order to enforce property rights. intellectual property rights. china going to say they can used a administrative regulations to do that. the u.s. trade representative is skeptical saying he wants enforcement in a deal. there is a trust issue here. listen. >> we've lost a lot of trust between the two sides over the last few months. any step that can be taken to start to restore that trust would be really helpful in
4:03 pm
getting long-term solutions. >> heads of the two trade teams will meet for the 13th time face-to-face tomorrow. last time they met face-to-face some 10 weeks ago. we'll watch if the u.s. trade representative is smiling or not. we'll see if 13 is the lucky number. remember on october 15, tariffs go from 25% to 30% on $250 billion worth of chinese imports into the u.s. china would like the tariffs held off. we'll see what happens thursday and friday. melissa: edward, thank you. connell: we have veronica daguerre from "wall street journal" and erin gibbs, gibbs wealth management. where she is chief investment officer. every little thing we move in the markets on china headlines but the united states put visa restrictions in place. it put out a banned entities list. look at it couple different ways, at end of the days we came off the highs but it source the
4:04 pm
mood. i heard domestically for president trump, maybe the moves provide cover saying i'm still tough on china and i can cut a smaller deal. how do you think the next couple days play out? >> i think we'll see more volatility. every statement out of washington and out of china about this deal there will be this market, little upticks, downticks. at the end of the day i think we'll stay pretty range-bound for a while. even if we get a deal, yeah, maybe we're going to have a bit of an uptick in the market short term but i'm kind of getting skeptical that a deal is going to be substantial enough to give us a sustained rally. like, what is that deal going to be? what will that look like? how will it be enforceable f you're an investor you might wait a long time for a rally whatever result we get. connell: erin, where is the bar, from the markets point of view, in terms of what a acceptable deal would be here?
4:05 pm
>> right now the markets would be happy with a lack of uncertainty. i think where we just like to have the sort of end, have the volatility end. i think one interesting today though is energy was one of the leaders. so that is part of it. oil prices are going up but volatility from the tech sector and industrials, i think that will keep going on as long as we're not sure what tariffs are. from there we can reset the expectations and move forward. melissa: shipping production out of china. fitbit is moving business out of china to avoid tariffs during the ongoing trade war, joining a long list of other companies doing the same thing. fitbit has not revealed the new manufacturing location but veronica, i mean it kind of strikes me, this is exactly the type of thing that you don't want to be manufactured in china. fitbit is following all of your personal information. you know, this is a wearable device. if we're going to be concerned about security as so many ceos
4:06 pm
said they're not putting a lot of their most sensitive material buying that equipment out of china, this seems like something that shouldn't be manufactured there anyway? >> you know i think we'll see more of this. companies moving to places like taiwan or actually vietnam or malaysia, because there are some other options out there for them for their supply chains. there is the security issue that is huge part of this. another big part of it is the trade war. companies do not want to be paying these tariffs. they can't pass them on to consumers here in the united states. they are having to move factories elsewhere. this lack of voicability, companies like fitbit, they want to grow, they want to manufacture more. if they're is so much uncertainty with china and our relationship with them, also the government there, i think they're sort of saying, you know what? let's see what other options are out there for me and my business. melissa: erin, on the flipside of that. you look what is going on between china and the nba. there are so many problems with doing business with china over
4:07 pm
the long term, you know, whether or not this is sorted out, if you're a company you want to make a different choice for the long run? >> fitbit has been saying they have been looking for over a year to try to figure out how to get their manufacturing outside of china but, look, as a company, they're facing so many other issues. last thing they would need are additional tariffs. we're looking at lowered revenues. their losses are expected to be tripled in 2020 from what we're expecting three months ago. so they have got to do everything they possibly can to avoid higher costs and hurting their revenue stream. melissa: veronica, erin, thank you. connell: all right. the dow as we talked about snapping that two-day losing streak. a lot of back and fourth before we got 182 to the upside, gerri willis. take us through it. where are the movers? >> connell, we'll talk about the s&p 500 recorded four daily price moves 1% or more in october. we're only nine days in.
4:08 pm
think about that, talk about volatility down here. let ate talk about the dow winners for the day. microsoft getting a good write up from d.a. davidson. they said that microsoft's work place messaging app is doing better than f lax. the stock is doing better. apple is doing better as you can see here. visa doing well. financials are higher. visa part of that group. chevron was another good winner for the dow. they are looking to sell a 2 billion-dollar stake in a azerbaijan oil field. they have found a buyer. another bad headline for boeing. their 737 nextgen plane having troubles with something called a pickle fork, i kid you not. this is a product that attaches the winnings of the plane to the plane. southwest is finding two of their planes have cracked pickle forks. you may say two planes, who cares? the faa issued airworthiness
4:09 pm
directive about this southwest is pulling the two planes. 5% of 737 ng planes have had cracking issues on the pickle for forks. this is issue we follow. connell: always something. melissa. melissa: shares of johnson & johnson falling after the jury ordered the healthcare giant to pay $8 billion in damages over a anti-pyschotic drug with the details. kristina. reporter: the reason you're seeing the share price down today because of a massive 8 billion-dollar sign that johnson & johnson could pay over marketing of the anti-pyschotic drug. the case was filed in 2013. a 26 yearly man told the court when he was nine years old he had to take the drug with symptoms of autism. but the drug led to the development of breast tissue in boys. the argument here in this case they downplayed the risks of
4:10 pm
using this drug. melissa: let's listen in to president trump right now as he is signing some executive orders. he is addressing questions we think on the situation in syria. let's listen. >> they have eviscerated the rules. they don't give us any, any fair play. it is the most unfair situation people have seen. no lawyers, can't have lawyers. you can't speak. you can't do anything. you virtually can't do anything. on top of that they have a guy named schiff, but nancy pelosi knows all this, she is just as guilty as he is. a man named schiff where i had a perfect phone call with the president of ukraine, i mean perfect. people read that. they don't read that. they heard schiff's version of it, he defraud the american public. he gave the american public. adding his own words. mark meadows is here. mark, you didn't believe it when you heard it. mark has never heard anything
4:11 pm
like it. many people we work with including democrats heard anything like it. he made a phone call up, he made it up. they spoke abouta day too early. heard about a whistleblower that came out with a false story. saying it was fairly close. it wasn't close at all. what the his sell blower said bore no relationship with what the call was. we have a transcribed call done by professionals and the call was a perfect call but schiff made it up. then it turns out the whistleblower was in cahoots with schiff. then it turns out the whistleblower is a democrat, strong democrat and is working with one of my opponents as a democrat that i might end up running against. the whole thing is a scam. it's a fix. and we wrote a letter yesterday. probably ends up being a big supreme court case, maybe it goes a long time, i don't know, but the republican party has been treated unbelievably badly and unfarely by the democrats.
4:12 pm
reporter: will there be a vote in the full house and vote were to authorize, would you cooperate. >> if we give us our rights. you can't have lawyers, can't ask questions, can't have anybody present, all these crazy things. some reporters said it is really unfair situation. they ask all the questions and then for instance the ambassador who testified was a fine gentleman. he gave great testimony for us. but we don't get to do any of that or show any of that. so they brought out only couple of negative things, all which were knocked out by his other statements. it was a great witness for us but if you would have listened to them you would have said it was a better witness for them. it wasn't. it wasn't even close. he was a fine gentleman. we saw that that is very unfair. yes? reporter: mr. president there are report this is afternoon that the chinese are lowering their expectations for a trade deal. are you also lowering your expectations for a trade deal? >> no, i don't think so.
4:13 pm
i think they feel that i'm driving a tough bargain. but i have to. you know it better than anybody. you do a good job over there. watch a lot. we are, so far down in terms of where we started from, presidents that didn't do their job for many years, since, since the world trade organization founding. china went in 2001 or so. china went in and just ripped off the world. so i told that to president xi. you know, this can't be like a 50/50 deal. because a 50/50 deal you're like up there, we're down here. so 50/50, it doesn't work, right? you have to have a little balance. this has to be a better deal from our standpoint. and i think they fully understand it. one of the really good meets i had today with our people on opioids and drugs and fentanyl. and fentanyl in particular with respect to your question. they said that, chinese
4:14 pm
leadership has a lot of respect for our president. and they are really being much more careful. it is a much different situation. we have some great drug numbers. what is operate -- if you're down 15, 16, 20, 25% it is still horrible what is going on in this country and in the world. the whole world it's horrible. but no, i think they have a lot of respect for us. first time they have ever respected us. i think china has a lot of respect for me and for our country and for what we're doing and i think they can't believe what they have gotten away with for some years. reporter: chinese wrong to be putting pressure on the fba, sir? >> he will with the nba is a different thing. i watched this guy steve kerr who was like a little boy be so scared answering the question, he was shaking i don't know, i don't know. he doesn't know how to answer the question. he will talk about the night very badly. i watched popovich, sort of same thing but he didn't look quite
4:15 pm
as scared actually. they talk badly about the united states but when there is talk about china they don't want to say anything bad. i thought it was pretty sad actually. it will be very, it will be very interesting. excuse me? reporter: are you okay then with the chinese government pressuring the nba over hong kong? into they have to work out their own situation. they know what they're doing but i watched the way that like, kerr, popovich, and some of the others were pandering to china and yet to our own country they don't, it is like they don't respect it. like they don't respect it. i said what a difference. isn't it sad? to me it is very sad. john? reporter: mr. president, joe biden came out for the first time today and said you should be impeached. your response? >> well he is falling like a rock. we have him on tape with corruption. immane is -- i mean he is getting the prosecutor, i guess john, $2 billion, saying we'll not give you the $2 billion,
4:16 pm
whatever the amount was unless you get rid of this prosecutor. lo and behold the prosecutor was gone. that was the prosecutor, excuse me, john? reporter: 1.2 billion. >> 1.2 billion. not a lot of money. his son takes out 1.5 billion from china and by the way the 50,000 a month that he was getting from the ukraine, looks like 168 thought split among him and somebody else, his friend. there is payment of $3 million to his son. his son just got thrown out of the navy. biden is dropping like a rock. i don't think he would make it. i didn't think he would make it for a long time. i don't think he will make it this is one way he can do it. he didn't say that until now. until this was happening to him. i guess he is not longer the front-runner. i feel badly for him. he is going through a lot. he has been hit and he has been caught red-handed. here is a man who is on tape saying exactly what he is going
4:17 pm
to do in terms of corruption and he gets away with it. if that ever happened to a republican, they would be getting the electric chair right now. they would be walked into the electric chair. it is a whole different standard. what joe biden said on tape, this isn't like gee whiz, we think, what he said on tape and fake media doesn't want to play the tape. they hardly play it. so i feel, you know, that it is too bad what's happened to him. he is sinking and his campaign is sinking but he walked away with hundreds, look at kind of numbers, his son, who is at best incompetent. got thrown out of the navy. i don't even want to say why. subject that we just discussed. i don't want to say why. all of sudden he is making a deal with ukraine where they're getting 168,000 a month between the two of them. 168,000, and he gets 3 million-dollar payments. all of this money coming out?
4:18 pm
and the kid has no expertise in energy. it is an energy company. has no expertise. you and i both know much more than he does, john. and then you walk into china and a couple of days later, 10 days later to be exact he gets $1.5 billion out of china? he has no expertise. i have friends on the smartest people on wall street i say, is that possible? no, it is not possible. pretty sad situation. yes. reporter: clarify you said earlier, if pelosi hold as floor on impeachment and commits to rules of previous proceedings you will participate in that investigation? >> if the rules are fair. i don't know exactly your definition. if republicans get a fair shake, because the republicans have been, look we were very nice to them. when paul ryan was the speaker he really wouldn't give subpoenas. i'm not saying good, bad or indifferent. here is a man that knows it very
4:19 pm
well. they go in with all of the corruption you've been reading about, all the things they did wrong with comey and all of these people, all the things they did wrong. when we wanted to subpoena, meaning they wanted a subpoena, it was very hard to get it. i'm not sure he ever even issued a subpoena. nancy pelosi issues subpoenas come on in and get them. gives them to nadler and crooked schiff. this schiff is one cooked guy. the goo i made up my phone call, think of it. in united states congress he made up my phone call. people said i don't like the way you talk to the ukrainian president. i said, did you read my speech? no, i heard schiff, i heard "shifty schiff." i heard schiff. i said, let me see what he said. a lot of people saw that. frankly i think if it was wasn't for me, i don't know if anybody even noticed and called him out. he took my really, believe it or not, congenial and gentle words
4:20 pm
and he made me sound like a tyrant. it's a terrible thing. he efrauded the american public. honestly i don't know what can happen, those are saying he should be prosecuted for what he did. he should be impeached, should be prosecuted for what he did. i think he is a very bad leader of this movement. please. reporter: on phone call, there is new report out today, says a whistleblower white house official said you committed a crime on that call. did any white house official crest any concern to you or speak to you about that phone call? >> it is all a big con. don't you understand? the phone call you have it. it is the transcript. that is why they keep saying whistleblower said this and that. what happened if they would have seen the transcript early they wouldn't have had a whistleblower because he, there was nothing he could say. all you have to do is read the transcript. very calm. what is even more important than the transcript in a certain way although i think the transcript is more important.
4:21 pm
really plain vanilla. know emotion or nothing. these are crooked people. these are democrats headed by a democrat lawyer, a big democrat lawyer. this is a con job. this is a con being perpetrated on the night public. even the world. the world is watching. they get it better than a lot of other people. it is very interesting. a poll came out today, very small people want to see something, i only get negative press from you people, not you, necessarily. that is the way it is. i say this, look, all you have to do is read the transcript. you know what is almost as food as the transcript i think? is the ukrainian president saying he didn't even know what they were talking about. no pressure. the foreign minister of ukraine saying no, it was a very normal call. there was no pressure at all. what is bad when you see all of the elements, when you see that schiff saw the whistleblower. when you see what the
4:22 pm
whistleblower said about the phone call, and it was totally different. he made it up. i don't know why a person that defrauds the american public should be protected. okay? reporter: your administration tried to bury that transcript -- >> that i don't know i'm not a lawyer. i can assume it was for leaks. i have no idea. i'm just answering. because this city is like the leaking capital of the world. if you want to get something out to the press all you have to do is hand it to somebody in washington. so i assume it was for leaks. i mean, i have read that. it doesn't seem like a big deal. what is a big deal, i think they're probably trying to protect it from leaks. but here is the other thing. we gave that transcript to almost immediately. it wasn't like we waited until now. till now would be immediately. it has only been doing it for three weeks. we gave that transcript up almost immediately. and you know when i heard schiff's phony version, when i heard what was being horribly
4:23 pm
said by this so-called whistleblower, i would like to fine, who is the whistleblower and hearing about the conversation? the conversation was, i think a perfect conversation. but who is the person giving this information? if that person exists, i'm not sure that person exists but i think it is important, i say this to congress, i think it is important to find out who that person is. because we could have a spy. i don't want to have spies when i'm negotiating with china and syria and all of the countries, if you look at turkey, with erdogan. i have calls with all these people and kim jong-un. i don't want to have spies in the white house. i want to be free to make calls. i don't think it's fair that somebody interpret as call, he didn't interpret it wrong. i don't mind a misinterpretation. this was a fraud. because that call was perfect. and if you read the whistleblower's report, that, it
4:24 pm
bore no resemblance to what the call was, steve. reporter: go back to your conversation with boris johnson? there was a case involving a car crash -- >> i hate the case. reporter: american diplomat's wife. what did you decide? >> what we're going to do, it's a very, very complex issue as you know, we're talking about diplomatic immunity, itself is quite a subject. you people could lecture me on it i suspect, but it is quite a subject. a terrible accident occurred. the person driving the car, they know who it was. they have that on camera. a young man was killed on his motorcycle. he was killed. sounds like instantly killed. the woman through diplomatic immunity left the uk. came back to america. and, what i'm going to try and do and see because i understand
4:25 pm
where the people from the uk are, frankly a lot of americans feel the same way. we have, i walls telling boris, we have a lot of americans they side on the fact that you know, you have two wonderful parents lost their son and the woman was driving on the wrong side of the road. that can happen. you know those are the opposite roads. that happens. i won't say it ever happened to me but it did. when you get used to driving in our system. all of sudden in the other system where you're driving it happens. you have to be careful. very careful. so young man was killed. the person that was driving the automobile has diplomatic immunity. we're going to speak to her very shortly and see if we can do something where they -- it was an accident. it was an accident. it was a terrible accident. reporter: [inaudible] >> going to speak to her and we're going to see the person driving the car, the wife of the
4:26 pm
diplomat. we're going to speak to her and see what we can come up with so that there can be some healing. there is tremendous anger over it. it is a terrible incident. there is tremendous anger. i understand the anger from the other side, thank you very much. reporter: when you met with robert mueller in may of 2017 in the oval office were you in fact interviewing him for the position of fbi and were you aware at the time that he was in the oval office that he had had prior conversations with rod rosenstein about potentially becoming special counsel? >> okay. to your second question, absolutely not. i had no idea he was doing that. to the first question he absolutely wanted to become the fbi director. i said no. listen, you've been there for i believe it was 2007 years. i said no. and it has since been proven i was right. plus we have witnesses to it. i interviewed numerous people that day. he was one of the numerous people. making a decision ultimately but he was one of the people.
4:27 pm
i said no. nicely. respectfully. reporter: did you speak of a potential conflict of interest because of the dispute he had with you over the golf membership? >> i knew about that. that may have been one of the reasons i said no. who knows. i did have conflict of interests with robert mueller. we had a business dispute. i thought we had three basic conflicts of interest. none of them were very good. we had, we had a business dispute. i thought he was there for 12 years. that was long enough. especially when you saw what happened with the fbi. you have to understand nobody respects the fbi more than i do. i think if you took a vote in the fbi they would vote me president right now, a vast, vast majority. they are great people i know a lot of them. but your leadership was terrible. whether it was comey, mueller, this leadership turned out to be a disaster for this country when you look at strzok and page and
4:28 pm
insurance policy she is going to win, in case she doesn't we have insurance policy. that means one thing. there is no other interpretation. when you look at that, robert mueller wanted a job to be the director. i turned him very nicely, respectfully down. the other element of your question, i never, i never heard that until just recently when it is being reported a little bit. please, go ahead. reporter: with china are you optimistic some sort of deal will be reached? >> china wants to be make a deal, in my opinion china wants to make a deal more than i do. look, i'm very happy right now. we're taking in billions of dollars of tariffs. despite what what the news was saying there is no inflation. there is not very big price increase if any, because they have eaten the tariffs. they have devalued their currency. pouring a lot of money into their system. they lost 3 1/2 million jobs. their chain is breaking up, their supply chain is breaking
4:29 pm
up like a broken egg. they want to make a deal. the question, do i want to make a deal. the answer would be if we make the right deal i would love to do it. i think it would be a great thing for china also. reporter: reluctant to make concessions on ip and -- >> you don't know that there are some false reports. everybody is trying to guess but there is really only go people that matter on this one, and that's president xi and myself. we get along very well. i can't imagine he likes me the way he did when i first became president. you know, it has been, it has been a rough time for china. china has gone down many trillions of dollars. we've gone up many trillions of dollars. since i've been elected, many, many trillions of dollars, increased value, if you have call it value or worth or value of our country. increased not just stock market i'm talking about our country. our economy is bigger, it's stronger and i believe if my opponent got in you would have a tremendous slide. don't forget i only looked at
4:30 pm
our numbers from the day of at election because there was euphoria when i got elected. we picked up a tremendous amount from the ninth of november to january 20th when we had the inauguration. it has been that way ever since. it has been a fantastic thing. china wants to make a deal very badly. if we can make a deal we'll make a deal. there is a really good chance. there is a really good chance, steve. reporter: have you spoken at all mr. president, to the attorney general about become who are wit's inspector general and the durham report? >> i'm leaving that to the attorney general, highly respected man, very highly principled man. i did read the comey report, 78 pages of total kill. i think it says frankly a lot to the attorney general that he decided not to prosecute on that report. i think most people reading that report would have done that. that report was horrible for
4:31 pm
comey, horrible. but he is a highly principled man and i'm leaving it up to him. reporter: can you tell us what you said to president erdogan on sunday and what he said to you? did you promise him anything or did he promise you anything? >> he said i wanted to go in. he has been telling me that for 2 1/2 years. he has been telling virtually, he has been saying this many years before me. you know, he is ready to do it. they have been again fighting for so long. they have been fighting for so many -- this is like israel and the palestinians, okay? there is only one difference, maybe hatred is even greater. is that possible? maybe not. this is a very, very serious hatred that has come over many years. yes, sir? reporter: mr. president, the kurds helped the u.s. defeat isis and by allowing this offensives is it going to be more difficult in future times of need to develop future alliances. >> no it won't be.
4:32 pm
no it won't be. alliance are very easy. our alliances taken advantage of us. how much we spend on nato, countries in europe are many bigger beneficiary than we are. they're there. we're here. we're many miles away. our alliances in many cases have taken tremendous advantage of us. if you look at nato. i got them to pay a hundred billion dollars more. the secretary-general stoltenberg came out with a report recently because of president trump the other countries, 28 countries, 27, not including us they paid over $100 billion more because of me. but still, as good that that is. i'm very happy with that. the united states is paying over 4% and germany is paying 1%. maybe a tiny bit more. i think the way you calculate it because you can look at it many ways it is probably less tan 1%.
4:33 pm
france is paying less than what they're supposed to. out of the 28 countries, 20 of them are delinquent. you know what delinquent means. that is old real estate term. he is delinquent with his rent. they're delinquent with their payment. they owe us a tremendous amount of money and never pay us back. if germany doesn't pay, they don't add that up, they say okay. if you go back that way the old-fashioned way, you don't pay you owe it. they don't pay. they go on to the next year. they owe us hundreds and hundreds of billions of dollars. so no, i don't look at it that way. the kurds are fighting for their land, just so you understand. they're fighting for their land. somebody wrote in a very powerful article today, they didn't help us in the second world war. they didn't help us with normandy as an example. they mentioned names of different battles. they were there. but they're there to help with us their land. that is a different thing. in addition to that, we have
4:34 pm
spent tremendous amounts of money helping the kurds in terms of ammunition, in terms of weapons, in terms of money, in terms of pay. with all of that being said we like the kurds. now you have different factions in there. again you have pkk. that is a difficult faction. and they worked with us. it is a rough group but they worked with us but we've spent a tremendous -- and they're fighting for their land. so when you say they're fighting with us, yes, but they're fighting for their land. if we go on the theory some of the folks in washington go by, who all do very well with the military inindustrial complex. you know the military industrial complex, look at dwight eisenhower had it figured right many years ago, they have tremendous power. they like fighting. they make a lot of money when they fight. but it was time to bring our soldiers back home. so i see, i will tell you, the hardest thing i have to do, by
4:35 pm
far, much harder than the witch-hunt, is signing letters to parents of soldiers that have been killed and it is not only that. in areas where there is not a lot of upside, if any upside, many cases there is only downside. especially when that soldier was killed in a blue on green attack. you know what that is, right? where a soldier being trained or whatever turns his gun on an american soldier. here son, take your gun. you know how to use it. he takes the gun and he shoots. we have many of them in afghanistan, in particular in afghanistan. the hardest thing i have to do is signing those letters. that is the hardest thing i have to do. and each letter is different. we make each letter different. i signed five of them, one in iraq, one in syria from two weeks ago. sometimes i call the parent. sometimes i see the parents.
4:36 pm
i go to dover when i can but it is, it is so devastating for the parent that you know, it's so devastating. when they bring that boy or young woman out of the back of those big, powerful planes in a coffin, the parent are there, we have people that do that. that is what they do. they accommodate everybody. the parent seem to be okay. i will get there early. the parent seem to be okay. actually they aren't. no, no the way they're talking they are okay aren't you. you sir, you never know until the back of that massive cargo plane opens up, they walk down holding a coffin with four or five great soldiers on each side of it, representing our various forces.
4:37 pm
i you never know, mr. president, thank you for being here. thank you for being here. i think they're doing great. 20 minutes late we're be outside when the plane pulse up. when the -- pulls up and the door comes down and they are walking the coffin with their boy inside of this coffin, with an american flag over the top. they're walking that coffin down this ramp. i've seen people i thought were really incredible. didn't understand how they could take it so well. scream lying i have never seen anything so far. they will run for the coffin, break through, military barriers crying mothers and wives, crying desperately. this is on our endless wars that just never stop. there is a time and there is a
4:38 pm
place. but it is time to stop. just to finish, last friday i went to, went to walter reed i gave out five of five purple hearts with incredible young men in this case. all men. they took a beating. beautiful people. they took a beating. one couldn't be there, because the beating was so great. a different part of the world, he lost a leg, lost an arm, ryan. had tremendous damage what beyond these folks went through. i'll tell you what for me, very hard when i see that. easy to talk tough. tough guys. all these tough guys. let's keep fighting. let's keep fighting. if they had to go to walter reed where they do unbelievable work. tough tell you, there are doctors that unbelievable. never seen anything like it.
4:39 pm
one young man last week had his nose rebuilt. and they said it was in 1000 pieces. and, i said so where were you hurt? he said my face, sir. it was almost obliterated. i said, you have a better face than i do. he said, sir, i had a doctor who was unbelievable. they put it together. they, he said 1000 fragments, i don't know if that was even possible. he said 1000 fragments. his father came up behind me, he said you won't believe it, my son didn't have a great looking nose but now is nose is better. when you see these purple hearts, i see a lot of it at walter reed, the job of those doctors at walter reed, something to be commended. thank you all very much. [applause] connell: president trump live
4:40 pm
remarks at the white house today taking questions on a number of different topics from reporters. you heard him talking about his decision to pull troops out of syria. also talked a lot about china trade. as we bring in chad pergram who covers capitol hill for us, focus on timing of an impeachment increase. something chad is reporting on, new comment from the president on there, chad, when he was asked specifically if there is a vote in the house floor, to launch an official impeachment inquiry would he then cooperate? he suggested he might if it is done right in his view. what did you make of all that. reporter: he said if they would play fair. you could see a scenario even if they would have a vote to form pally launch the impeachment inquiry, the administration would say, no, we don't like the ground rules. that is why nancy pelosi is resistant to have the vote, and put her members on the hook. there is increasingly on capitol hill, maybe republicans might be
4:41 pm
on the hook having to vote for or against starting impeachment inquiry. not voting for impeachment itself. the constitution is clear they don't have to do something every time we go through impeachment. to be careful we've only done this twice with president johnson in the 19th century, with president clinton. they handled this differently each time. the house judiciary committee in 1998, they took what the special counsel ken starr had put together and did no investigating on their own in the case of richard nixon, who was not impeached on the house floor, they did their own investigating. this plays out a little bit differently at this time. connell: a final point, chad, for all this talk whether or not the white house will cooperate right now, maybe in the future, the articles of impeachment without cooperation or hearings, what is the process? they could came out with an article impeachment? >> we don't think it will go quite that fast. the house is out this week.
4:42 pm
they have come back next tuesday. that is where house speaker nancy pelosi will get the democrats together. saying they are not complying with our article i authority here. remember one of the articles of impeachment with nixon was obstruction of congress. that seems to be the direction where they're going. that would accelerate their process because they're to the complying. pelosi getting everybody in a room. her democrat are seething at that they're not complying. they could get to articles of impeachment maybe late this month or early november. it is dramatic how quickly this timetable may have accelerated. again the fact that that might not happen at the same time they're trying to keep the government open. the government is funded through the 21st of november. then trying to move the usmca across the finish line here. we're told behind the scenes those negotiations are going very well, connell. so all this might ripen right at about the same time. it is really a dramatic thing maybe in november. connell: wow. talk about timing. chad, as always thanks, chad
4:43 pm
pergram on capitol hill. melissa. melissa: let's bring in byron york from the "washington examiner." he is fox news contributor. byron, i'm hoping, assuming you were listening through most of that. what did you think about the response from the president when he was asked why would anybody be an american ally again after this? do you worry about that, he basically said no. what did you think of that response? >> he basically ended the whole thing with a very emotional discussion of american host have been wounded and what he called these endless wars in iraq and afghanistan and presence in syria. basically offering kind of an emotional picture of americans who have lost their children in these, in war and have the body of the young soldier returned home to dover delaware. emotional scenes there. he said there is a time and place for these things and these things have to end. so i think the president is not
4:44 pm
only saying that he is fulfilling a campaign promise but saying that this is, this is something that he actually believes in. he doesn't think, he doesn't think the united states should be extended all the way around the world. and so, that is his first priority. melissa: yeah. it was also interesting, did you notice when he was talking about having, you know, people go through the conversations and be on the call with all these foreign leaders, he talked about being on the phone with china or turkey. when i'm negotiating with syria. did you hear that? >> yeah. melissa: do you think he misspoke or was there a call with bashar al assad here? >> i don't know. seems like these things leak out quite a bit these days. melissa: you did hear that? connell and i blanched, what was that? >> he was discussing issue of course of the whistleblower complaint and national security staff that listens to the president's phone call, records them almost verbatim as they
4:45 pm
happen. the fact that those should be actually secure in the white house and not leaked. that was his big point there. melissa: yeah, no. he could have easily been meaning turkey. sometimes, this is something, it is what is on his mind and it comes out. i was shocked that no reporters followed up. we heard it instantaneously, you mentioned negotiating with syria. have you been doing that recently? no one asked the question afterwards. let me ask you shifting gears a little bit, what you were supposed to come on to talk about. i want to ask you about elizabeth warren and the warren correction. this is a business show, why we focus so much on candidates and affects the people's wallets, apoppenheimer analyst suggests that the senator's recent surge in the boss is contributing to the banking sector significant losses. warren taking first place in a razor thin "real clear politics" average for the first time in this cycle.
4:46 pm
byron, it's a factual street is definitely frightened of her being president. do you think that, could you blame any part of the stock market on her surge? >> no. they're afraid that she might do even half of what she promises to do which they believe could be disaster. last may, joe biden had a 27-point lead in the "real clear politics" average of national polls. what you're suggesting is business felt pretty comfortable with that. melissa: yeah. >> that was not a big problem for them. they could seek restoration of the way things were during the obama years. not as happy as they would be with continued deregulation under president trump but still something they could live with. now 27-point lead in may. now elizabeth warren leads by .2 of a point. joe biden is no longer the front-runner at all. there are people in all sorts of sectors who are worried about elizabeth warren and you know, remember she has dodged
4:47 pm
questions about what many of her plans would cost. she is saying i have a plan for that. many of them cost billions or trillions of dollars. melissa: yeah. i know her department of economic development terrifies me. let's put the government in charge of economic development. byron, thank you for rolling with us. we appreciate it. always brilliant. >> thank you. connell: move on to china which the president also talked about a few moments ago. we'll have seen this week americans companies caught in the crossfire between the united states and china. choosing to make changes in strategy. nba getting a lot of attention, adam silver is in beijing, defending free speech but defending fallout from a manager 's tweet. apple trying to appear to play both sides, providing a map that helps protesters navigate around the police in hong kong but also blocking access to taiwan, to a taiwan flagged emoji for
4:48 pm
hong kong and macau users on iphones. finally tiffany, the iconic jeweler pulling an ad with a model covering one eye, a symbol some think for the hong kong protest. to put it in context, bill mcgurn, "wall street journal" columnist. bill, president trump specifically mentioning two nba coaches, steve kerr of the golden state warriors, gregg popovich of the san antonio spurs, calling them hypocrites, they are not afraid to speak out against him but suddenly when asked about this situation they are. what do you make of this and how the nba is dealing with this week? >> he is right. the nba didn't move the all-star game out of north carolina with the transgender law. connell: >> right a lot of these people are same class of people
4:49 pm
lecturing us about morality and superior morals, when their profits are up for grabs or at stake suddenly at the time get a little case of the silence. there is no excuse for what the nba has done. and their problem is, china is a big growth market for them. connell: huge. >> this, in fairness to the nba and these other groups, this is something that has been going on for a while. movies have been censored to please china and so forth because it is such a big market. the old, part of this debate is the old debate was, the old assumption for trade was, you liberalize economically and people would grow wealthier, educated, demand political freedom. that happened dramatically in taiwan and korea. the problem china is so big. the market so vast, it gets to sort of play by its own rules and dictate terms right. >> the nba wouldn't put up with this. connell: can you be an american
4:50 pm
company and stand for american values and make money in china? >> i think they try. this is one of the things xi xinping is testing. for a long time china moved to become a authoritarian country where if you mined your own business, don't get involved you would be left alone. china now with the voice recognition, social credit, the pressure they're putting on companies to grovel, right? in hong kong the ceo of cathay pacific joe's to epstep down rather than give a list of his employees that supported the protest. connell: right. >> i believe there was a hong kong, chinese-american banker in hong kong had to leave because of a facebook post. china is demanding more -- i believe china made a statement about the nba when it came out. so china is not enough not to be involved. china seems to require a --
4:51 pm
affirmation. connell: what china thinks of the nba response? they were criticized understandably so the first day but adam silver came back and supported free speech and the like, saying we'll have to live with the consequences. wonder what china makes of that? >> we'll see. china is used to, china is used to a lot of companies making grand statements but then when their own interests are at stake behaving differently. china is very cynical about this. they look at it this way, we offer this vast market. this has been a dream for years. when we were first opening to china, the idea was a billion chinese means you could sell a billion coca-colas. connell: right. >> back in the '30s an american salesman wrote a book 300 million apples, when china had 300 million population, you sole each person an apple, you do that. market is so large people are sometimes compromised in what they're willing to take because they're afraid to give up that market and china is getting more
4:52 pm
demanding. they're not, it looks like now under xi xinping they're not willing to look the other way. and they're forcing some hard choices. connell: very hard for the companies including nba. bill mcgurn. >> thank you. >> taking the work out of homework, in a new "washington post" op-ed one parent explains consequences of overloading the kids with reading and work sheets after school. her advice. could this do more harm than good? who better to ask our very own parent on call, david asman. >> former teacher. remember i was a junior high school teacher. junior high is a different story. you of all people should talk about the story, your kids work their butts off in elementary school, right? melissa: absolutely. what are your thoughts? >> i think there are too much homework in elementary level. you and i may disagree. we agree on everything else. i think there is too much. they should decide for
4:53 pm
themselves where they want to put their parents -- if they want heavily homeworked school. they can go to one. if not should be able to opt out of it. in the end i don't think it matters one way or the other. you think so? melissa: you overload them, burn them out. there is, teachers i know that i respect do it by time. saying your child should be spending 30, 45 minutes an hour on homework, if it is more let me know because it shouldn't be that way. >> what killed me was when my kids brought homework home with them. i couldn't figure it out. that was at the elementary level. it was tough. melissa: what is coming up on the show? >> it was a little too much the w very a great panel. forbes and steve moore on panel. and tom kehoe a trade advisor to the president. he will tell us what the latest is with china. melissa: sounds great.
4:54 pm
catch david asman, 5:00 p.m. eastern on fox business. connell: fire in the hole. farmers hurt by tariffs chucking corn, literally shooting it out of a cannon for your entertainment, we have to say. melissa: flock. connell: it's flock. next. and zero minimums to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero but you don't feel good. with polycythemia vera, pv, symptoms can change so slowly over time you might not notice. but new or changing symptoms can mean your pv is changing. let's change the way we see pv. you track and discuss blood counts with your doctor. but it's just as vital to discuss changing symptoms as well. take notice and take action. discuss counts and symptoms with your doctor.
4:56 pm
with sofi, get your credit cards right- by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. thand find inspiration who win new places.ct... leading them to discover: we're woven together by the moments we share. everything you need, all in one place. expedia. 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, the day we'll finally get something done. ( ♪ )
4:58 pm
the day we'll finally get something done. oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. >> apple's latest software update rolling out a new form that led to fight spam colors before you hear the phone ring. make sure you updated your iphone to ios 13 open settings under iphone select phone, scroll down to silent unknown colors and toggle the button on. >> consider it done. the trade war we talk about all the time, has hurt many
4:59 pm
businesses so there getting creative, a little side hustle. jeff out and i went to tell us more. >> it's been a tough year for farmers and mnc missy reporter trying to make the best of it, this is what they call a corn cannon, believe it or not that's what it looks like. you fire corn cobbs. he shot one over the moon. this is the sixth generation farmer with me. you are happy that you're not just raising corn and soybeans right now. >> yes. we make more off bush love can corn cannon. >> how much do you make a bushel of corn fired out of the gun then on the market. >> corn prices are under $4 and we make $100 a bushel.
5:00 pm
>> fire me up. >> lots more in the next hour. she will be on "the evening edit". david: the mba china, firestorm intensifies, adam silver in shanghai right now set to meet with chinese officials as more u.s. companies feel the fallout over hong kong protest. markets ending up with expectations of a china deal they are set to resume lesson 24 hours. hi, everybody, this is "bulls & bears", thank you for joining us, i'm david asman. joining me scott, christina and steve and steve. apple joining the growing list of american companies under fire in china over the hong kong protest. the iphone
85 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on