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tv   Cavuto Coast to Coast  FOX Business  October 10, 2019 12:00pm-2:00pm EDT

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which seemed quite positive about the china trade talks. he will meet with the china nice vice premier tomorrow. that is new. the market is boeing straight up. we're holding the gain. 220 points higher. we say good-bye from us. neil, it's yours. neil: all right. not too shabby. we're still up 222 points as stuart said here. maybe the kind nice talks was going to be one day, thursday, that's it. it could be extended into tomorrow. we do know the vice premier will meet with the president tomorrow. there are a lot of moving pieces. as well as commitment to buy more soybeans. the question, exactly how much more, edward lawrence following fast moving developments. reporter: any minute now the vice premier will come out for a break for lunch. this is the 13th round of face-to-face talks. going for three hours now. the president tweeting out saying that china wants a deal,
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but quote, do i? he goes on to say that he will meet with the vice premier in the oval office. there is lot of talk from sources that they could possibly cut this short. the chinese are trying to come home with something related to a deal from the united states here. chinese sources made it known they would like to do the agreement, what both people, what both sides agree on and work out a timeline for difficult things later. kind of like what they saw with the japanese deal. they're looking for that as a guide line. the chinese would set a timeline for more difficult parts. the department department of age said chinese bought $134 million worth of soybeans from the united states. that happened this week. a significant number of pork purchased by the chinese. more goodwill from their side. one of the top priorities is to suspend the tariffs or roll back the tariffs that the u.s. has in place. the president, the ad midge
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station says those tariffs brought china to the table at this point to be able to have this deal. the team would like to see, u.s. trade team would like to see what concessions the chinese are willing to put back in this treatment that u.s. trade representative robert lighthizer says was deleted last may. we'll have to see the mood when they come out as well if there are any advancements going forward. the bottom line the u.s. trade team spoken with one voice. they want china to stop stealing intellectual property and protect those intellectual property rights. neil: thank you, edward. to put the soybean deal in perspective as rumored yesterday by a few billion dollars worth of soybeans for the united states, before we had this kerfuffle back in 2017 the chinese were routinely buying $15 billion worth of soybeans. so again that is going to be the met they use to compare where we were before all this started and
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where we are right now. we'll get into that with a top agriculture official in just a second. first of all on the partial deal you hear so much about, you don't get everything you want but get something stripped down where both sides can feel happy, or content or at least set the stage for more promising talks down the road. to janney chief investment strategist mark luschini. what would a partial deal look like for markets to react postively? >> neil, look at the television screen right now and you can see what the market interpretation of that would be and it would be a signal that there is de-escalation poised to continue at least opening up a path for further negotiation toward ultimately a more comprehensive deal. this would serve as a down payment on that. it would go a long way for solving for the animal spirits melting here recently in the business community with regard to cited exclusively around this
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issue of trade. neil: we're focused maybe on the appearances, right? one thing that struck me is how markets worldwide were a little shaken by this report from the china trading post it would be a one-day meeting. after today, that's it, good-bye. then encouraged, turning around on reports that the president would meet with the vice premier who is not coming as a special envoy capacity but obviously is a big cheese so where do you sort all this out? >> i think you're absolutely right, what you're talking about of course is the market gyrations, oscillations around trade on, trade off. we've been hostage to this for the past 18 month. we still don't know this will lead to anything more formal or positive for the markets still. we've obviously seen this movie before where they left without anything be addressed necessarily formally. as a consequence the gains we're seeing put on today could be easily taken off as quickly as
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tomorrow. we'll still wait and see. certainly encouraging what we're getting in terms of some insights how things seem to be evolving at the moment ultimately lead to obviously a meeting tomorrow in the oval office and subsequent meetings that have been outlined to address the stickier issues around intellectual property, technology transfer, and real structural problems that will not be solved in any way today. neil: one of the ideas bandied about is for the u.s. to accept something watered down but for which the chinese would be held accountable. i don't know the metric they would use to make sure they're keeping to their word but it would be limited to that, the chinese would have to prove that. we would follow up, come back to do the same for things like intellectual property all the other stuff that is far more contentious. how would the markets digest a deal like that? >> my sense on that, neil it, would be fleeting in terms of the markets indigestion or
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related to not getting a fuller deal. it would mean the thing would continue to loiter out there as perspective source of concern for market participants. maybe not today but couple months on on going basis. obviously not something likely to leave with president trump in the event that we have another candidate usurp him from the white house here in the next election because this had tremendous bipartisan support with regard to playing hardball with china. addressing issues gone unaddressed since china entered the world trade organization since entering 2001. this would be something treated postively in the very near term but not necessarily address all the issue us the market would like to see done don't expect that to happen as a consequence of today's meeting. this will be a bit of a overhang, one on nearer term basis would provide relief to market participants. neil: something for the market
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is better than a partial deal, than no deal at all. >> exactly. neil: we'll see what happens. thank you my friend. >> you bet, thanks, neil. neil: we have department of agriculture advisor tom kehoe. i had the power to get him behind a locked door. >> i wandered in behind you. neil: i let you in because i knew who you were. nice to see you. >> nice to see you, neil. neil: first of all the agriculture component, much bigger than we're led to believe. if the chinese are making commitment to buy more agricultural products, more soybeans in particular, what does the number have to be. when it comes to soybeans they were routinely buying 15, $18 billion worth before it all hit the fan. we'll not get anywhere near that. >> they're talking about buying 10 billion. that was the initial number at the early part of the week. they need our pork too. i think we'll see pork and soybeans in play in whatever sort of deal comes out of this
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week. neil: does it have to be to those older levels? anything like that would be substantially more than it was just a few month ago? >> you and i have ad this conversation a few times. the ag community has been very patient and loyal. i think we'll see something hapgood for the ag community and good for the president. nobody can hold china, nor can they hold us, to the prior levels. this is a new day now. like this other gentleman just said. global markets are jittery. they want something. the global market, they want some sort of stability. >> do you ever think the markets, they're buying on the rumor, they sell on the fact or think it is a long time it has taken. >> for good reason. it has gone on a while. neil: that they reassess and say, wait a minute. >> these are the two goliaths of the world. they will not settle all the
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differences today. we would like them to, put them to bed, everybody is happy and the global markets go on to make money again. it will not happen that way. we're all adults. we'll get something that the vice premier can go home with, he saves face. you know, the president xi saves face. so does our president, donald trump. what that's going to look like by the end of friday, you know, that is why we're talking. that is anyone's guess. neil: tom, help me with this. i'm told that it is a big deal when we got the news that the vice premier who was going to be meeting with the president tomorrow in the oval office, a lot of people say whatever they have talked about he goes back to china, mentions to xi xinping even though he is not coming as an envoy, there is a difference. but they do have phones. he can phone the president, right and say, all right, this is what they're talking about. could they come -- >> they have already done that. the back channeling already is being done.
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president trump doesn't sit down and highlight what is on the page. this is all done for him. it is all been orchestrated and choregraphed. neil: i get the feeling you know this process better than i do, tom, he will change on a dime. >> he could. neil: he could add things, throw things out. >> he could. that is one of his great strengths. neil: the chinese are doing the same thing. >> you think the world is realigning to donald trump, his negotiating style. he has a very business-like negotiating style. he is a hard bargainer. he is hard dealer. he want all the chips on his side when it is all over with. neil: you mentioned something interesting in a wandering press conference. he took questions. where he said, you know, each side, the argument he says has to give up something. why should i give up something because the differential is such up to them to even things out. so what do the chinese say in response to that? what do we give them outside of maybe some breaks for huawei
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they're not getting now? >> the intellectual property and the theft is just been rampant and that's why this huawei thing is so critical. i don't know what we're going to wind up giving them. the fine point has got us all talking and nervous. neil: do you think impeachment stuff has changed the equation? >> i think it has a bit. neil: on the part of the chinese >> rather deal with him than elizabeth warren. neil: really? >> yeah. she is such an environmentalist i think they would be, they would be held to a standard -- neil: old devil you know versus devil you don't? >> we know 20 has 30 year mulligan on the paris -- neil: very good. >> they did. they got to be able to walk away from it. india too. meanwhile we've been held to a much higher standard on emissions and greenhouse gases, all of that. they don't want elizabeth warren, i can tell you that
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right now. neil: there is something to what the president says strike a deal with me or you -- >> absolutely. last time in china they were handing out fate masks at the airport. neil: maybe they don't like you. >> that could be true. neil: tom, always learn a lot. glad i let you in. >> follow you in the next time. neil: tom kehoe, department of agriculture advisor and much, much more. it is expectations game, isn't it? ongoing battle between corporate america keeping them happy and a lot of politicians keeping them happy. the base keeping them happy. but a lot of trade sensitive issues that i could include apple and goldman and boeing and a host of others, boeing isn't benefiting for that from other reasons i get into. the multinationals prey to this, they are the ones praying for this. i will explain after this.
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♪. >> i need you,. >> i never working for a company regulated by a communist government. >> okay. no more selling to the chinese. >> then say it, say [bleep] the chinese government. >> [bleep] the chinese government. >> i didn't hear you? >> [bleep] the chinese government, there. neil: one way the encountering china's raft. south park creators continuing in your face policy against china. should the nba and others follow suit? we have fox sports speak for yourself jason whitlock on all of that. jason, great to have you. not everyone can put online a
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animated show and leave it at that. this is very real money we're talking about. the nba has to dance on the head of a pin. how are they handling it? the president says not well. >> i don't think they are handling it very well because they boxed themselves in by promoting themselves as freedom fighters and social justice warriors. now that the general manager of the houston rockets actually supported people who are fighting for their freedom in hong kong and now the league has gone voiceless. the chinese government told everybody over there, should up and dribble, they are complying. they shut up and dribbled to basketball, didn't talk to the press. are not going to make a statement. this is just a story about really nike and its dependence upon the chinese market, its dependence on asian labor. nike dictates, nike is a 40 billion-dollar a year business. the nba is a 8 billion-dollar a
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year business. nike is the one who is telling the nba we can't get crossways with the chinese government and we will acquiesce and we will shut up, dribble and obey. neil: one thing to sort of make a statement loudly, they will not bo to the white house, you don't flip over this president, when it comes to china and treatment of protesters, that is very different? >> it is completely different and it is exposing some hypocrisy here. i hope it is also an educational experience for lebron james and a lot of these athlete because, again, nike's involvement in china and what that means for nike and for basketball in america, china's cultural influence through basketball, its influence of american cultures being expressed through lebron james, nike endorser,
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colin kaepernick, nike endorser. chinese have a 100 year propaganda campaign that america is the and the west is racest area in the planet. they do that to cover up their own racism and inhumanity with communism. you look for colin kaepernick, lebron james who works for nike, they love to stir the racial pot, demonize america, demonize the presidency and white house. does america have its problems? absolutely. but america has made tremendous progress along racial lines. we're the world leaders when it comes to progress along racial lines but some of our athletes who report to nike and nike reports to china, they seem to be trying to promote a different narrative about america. we have to wonder, is this the communist influence rather than these guys being loyal to the
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country that has made them rich and famous? neil: what is interesting about your saying, you're the first guy, this goes beyond nba teams and wanting to make sure pregames are being to being televised in china, or kowtowing to 300, 400 million young people getting into basketball right now, this might be nike essentially calling the shots. that is an interesting premise. >> no, no. nike is calling the shot. it is a much bigger business than the nba. all of american basketball to high school, college and the pros, they all answer to nike. look at nike's history in asia? look at nike, how dependent it is on china as a market. look how every nba player runs to china every off-season to collect money and to tap into the shoe market in china. we are beholden and nike is the leader of this, nike is a great american company but are they really answering to america or are they answering to china? neil: real quickly, i want to
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get your thoughts, what would it stop the nba from going right back at china saying all right, good, see how it goes, if you have the european basketball league that you're showcasing basketball? how would that have gone? >> neil there is early reporting, yahoo! sports reported this, 15 to 20% of the nba player salary cap per team, the money paid to nba players by the nba, 15, 20% could be affected by china. if things don't go well in china, there could be 20% reduction in salaries. neil: there you go, you told me wisely young man, follow the money. you're right the absolutely right. jason whitlock, thank you very much. >> thank you. neil: don't try to steal my turf, jason. i will not touch sports but you obviously felt free to touch business. always good having you, my friend. thank you very much. that is interesting argument. i heard what is at stake for the nba. not so much what is the force
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behind all of this. could be just one american company. we'll have more after this.
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we're the kirby family, and we are usaa members for life. get your auto insurance quote today. ♪. >> i covered two white houses before i went to work for one, clinton white house and george w. bush white house and virtually with to exception everyone i dealt with in those administrations, whether i personally agreed or disagreed with what they thought were the right policy decisions or the right way to approach things, i never doubt the they were patriots. i never doubted they believed they were doing things in the best interests of the country. i don't feel that way now. and i -- [applause] neil: that is amazon's top spokesperson, jay carney. he was barack obama's former press secretary. not a big fan of this president but keep in mind, as a spokesman
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for one of the world's largest online retailers, not obviously the largest premier companies should he dial that back especially given the fact that there are republicans, democrats alike, not only shareholders but customers of that company. former economic advisor to president trump, steve moore. that seemed to be out of place for a spokesman for the company. what do you think? >> i totally agree with that. if amazon, they have a lot of pressure in washington like things like antitrust violations and other issues that have brought them to washington, and for them to have as their spokesman, you know, highly, highly partisan person like jay carney, who would say things like, that quote you just showed from carney, i mean he is basically challenging the president's patriotism. i mean it is one thing to disagree with the president's policies. i do that all the time. not this one, previous's
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presidents, but i never questioned barack obama's patriotism. i just think it is above the pail. i think it is bad business for amazon. get rid of carney, someone who is more politically center. neil: everyone, you and i talk about this. you're entitled to your political views. everyone a brain is entitled to a point of view. that's fine. but when you are in that role, representing a large company on the, in the international scene and one of the premier national players, there are certain things you can and cannot do or should and shouldn't do, this falls in that category. i wonder, the president already makes hay of the fact that bezos owns "the washington post." those are his personal funds, not amazon funds, i understand that, but there is already a suspicion that, you know, the guy who runs that company, is of certain political bent. now everyone and a key figure around him shares that view and really sticks it to me, i don't know how that can be productive?
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>> it is not productive for the shareholders of these companies. that is my point, neil. look, these companies, whether it's facebook and zuckerberg or whether amazon and jeff bezos and the ceo's of google, they are, they're pretty partisan liberals and, that hurts them i think when it, when they come to washington and they want things or they want the government off their backs. it doesn't make sense to me as a good business decision to be so left-wing in terms of their politics. now they're, the democrats are attacking them on some of these antitrust violations. they now want to run to the republicans for safety, republicans say, wait a minute, all you do is attack us. that is a bad business practice t would be very smart i think, neil, for these technology companies who don't know a lot about business, don't know a lot of about politics because they left politics aside which is fine but now they have so much
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at stake with respect to a lot of these political decisions that are being made. they alienated half members of congress. now it looks like the president of the united states. neil: well you know, whatever their views are donald trump, everyone is free to have them to extreme, that's okay. what isn't is thinking that, let's say leadership in the white house changes. you get elizabeth warren, who is already targeted a wealth tax that would really wallop key amazon shareholders up to the owner, wall street tax, that you know, that added on top of that, a possible breakup of the company, if it is deemed to have gotten too big for its britches, elizabeth warren had number of times. you ought to choose your devils here, right? >> not only that, you're absolutely right about that but when you think about it, this is a president who has done amazing things for the american economy. let's face it. the technology companies, amazon and google and facebook have done incredibly well under this
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president. so has apple. they seem to be biting the hand that feeds them in terms of their very aggressive attacks against trump who has been very pro-business, very pro-technology. their stocks have in some cases practically doubled since donald trump came into office. i don't think it makes a lot of sense. let me give you one example. in that interview, it might have been a different one, jay carney saying how dare donald trump attack the federal reserve. turns out trump trump has been the most part absolutely right about the federal reserve. the federal reserve hurt the economy a lot last year with two really bad, boneheaded decisions to raise interest interest rates and cost american people and american businesses a lot of money with those mistakes. i don't have a problem with donald trump calling them out for that. why does jay carney? >> he has a different role. when you're spokesman for the company, you have to be pure or at least look pure. you have biases, you can't give it away. that is the issue here. >> i have to say one other.
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neil: real quick, quick. >> one other quick thing. the median family income in the united states went up $1000 in eight years under obama. it has gone up $5,000 in 2 1/2 years under donald trump. who do you think has been better for american workers and american business. neil: you got your plug in. got your plug in. steve, thank you very, very much. we'll have a lot more after this. the dow up 160 points. liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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neil: way things stand right now. unless progress is made, $250 billion of chinese goods. tariffs on them will move up to from 30% to 25%. that is what they're trying to avoid. if they don't, the costs could be considerable and fairly immediate. jackie deangelis on all of that. >> great to see you, neil. consulting firms al best partners there is tipping point in terms of consumer how much more they're willing to pay for something. that tipping point is 10% f prices rise by 10% or more, 40% will continue forward with a purchase. 60% of people would really reconsider it. and 21% firmly said, that if prices rise more than 10%, i just won't buy the item. this comes as high level talks with china are in focus. you mentioned tariff increase. new tariffs of 15%, expected to hit a range of consumer products on december 15th. that could be really
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significant. now the survey suggests that some people are going to try to do their holiday shopping ahead of the deadline. they will try to take advantage of sales, deals, black friday. 92% say they will stop at the same time they normally would, implying if prices go up, they will buy less. only 31% expect to spend the same or more last year. recession fears. they continue to grip this market. the consumer represent about 2/3 of u.s. economic activity. who say shopping season, it is really important. many argue that the tariffs caused price increases already. they know they can't pass those costs on to the consumer. the survey also asks how subjects were feeling generally about the economy. 40% said they think that it is doing better than a year ago but that number down from 51% at the same time last year. only 36% think the economy will be better in a in.
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neil: thank you, jackie. al an len questrum here, the guy you know as brainiac behind jcpenney. expert on this happy to have you alan. >> hi, neil. neil: good to see you, at least the retail federation put out numbers last week that showed they think it will be a very strong christmas. strong holiday season in general. up to four 1/2 to 5% oaf last years sales. do you buy that? >> i think it will be a good economy for the consumer and for retailers because we do have a very strong economy relative to the rest of the world and even relative to ourselves. we are far better today than we were three years ago. you have to look back, say a lot of that is the result of the president's tax cuts and tax revisions that he has done two years ago. that had huge effect on people being hired on the unemployment rate. i think today people have a lot more money than they have two years ago.
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so they will be buying. now increases coming through in the tariffs. most of those have not been seen in the stores as of yet. but they certainly will be seen as you start into the next year. but most of the products that the stores are going to be selling for this christmas are, they already have it in their assortments that will be less affected. what the problem gets into is, is the negative effects of the trade. this economy would be far greater than it is currently running if we did not have the thing going on hanging over our head. i hope this week, some kind of a resolve comes out of it. quite frankly, for the president's case, if we are into a recession next year which we could well be if we can't solve the trade issue, that would make it very difficult going into the election. from his point of view, from the consumer point of view, from the retailer point of view, i hope we make some progress on it. if not a total solution. at least some progress we can always come back later on after the election. that is --
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neil: what you're saying the tariffs scheduled to go on october 15th, they already do, they are baked into the cake? people doing holiday shopping will not feel that or what? >> i think the terrorist that are going in in october. products affected will be october purchases after that, that is from the retailer buying from the manufacturer. the customer will probably not be that affected by the tariffs that are already taken, that will be taken in october. neil: so a lot of retail, just to be clear, allen, a lot of retailers, american distributors, who sucked up a lot of that, to try to avoid passing beyond you know, to their customers, of course they benefited from that, china devalued its currency to cheapen the blow for them. >> right. neil: that would end eventually, right? >> that will end. the biggest effect will be next year. neil: right. >> i do not think it will have that big of an effect next year. the customer really is, despite
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all the negative vibrations around her. the customer really feels a lot better about herself and her family's position in terms of their income. she should be because we have great employment in this country. so i think that we will have a good christmas. whether it will be five 1/2 or 4% i can't predict, but certainly will be positive or better than last year. if we can solve the problem i think we'll have a good year next year. if we can't, that is a question. there has been a lot of work done on this the problem is, if they don't solve it from the chinese point of view, american retailers and manufacturers are moving manufacturing off of china into other countries. vietnam being one of them, but they will be moving a lot more. it behooves both of us to come to resolution because it will help the chinese as well as it will help the united states. neil: you think cooler heads will prevail an recognize in their mutual interests not to be -- >> politics. that doesn't usually work with cool heads. neil: no it does not.
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allen questrum, thank you very much. >> you look good, neil. neil: if he is right on this, that could be interesting development a top retailer tariffs everyone fears going into effect next week they might not be a issue at least for holiday sales. after that anyone's guess. first time i heard that. we'll have more after this. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes
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♪ much. neil: well tesla is warning customers to charge their cars as the california power outages begin and they're spreading fast and furiously. this as california customers are losing power. william la jeunesse in middle of all that from california. what is going on here? hey, buddy. reporter: maybe two million residents will be affected by the power outage we're talking about. we're in malibu at one of many homes that burned to the ground blamed on faulty electrical equipment.
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we're in southern california. frankly no different than the bay area right now, having suffered a devastating wildfire last year. billions of liability claims against utilities and high winds forecast for today and tomorrow. utilities pg&e in the north, edison in the south are proactive cutting power to mitigate risk to protect a repeat to protect rate holders and rate-payers. some are angry saying the black out is discriminant and it is utility's own fault for not upgrading equipment and maintaining that their power lines. >> i don't know whether to open or close. >> it is costing me $1200 today, which is a hit for a small business. >> it will put us out of business, basically. we've got, you know, 14,000 square foot restaurant. we're losing tens of thousands of dollars in food. reporter: about 800,000 customers are going to lose
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power, maybe more. that number will fluctuate throughout the day as the weather moves south. about 2,000 fires have been caused in the last three years, not by lightning, but by electrical lines and equipment. some arcing, some falling debris. utilities say it's a tradeoff. some blame climate change, part of the new normal during peak fire season. >> like we are here in seismic part of the world, dealing with wildfires is the new abnormal within california. reporter: somebody through eggs inside of one of pg&es, they shot at one of their workers, it underscores neil, the kind of an any moss city and distrust that exists between some customers and the utility. they don't always feel the wind where they are, but it doesn't mean it is not windy where the power lines are. we will tell you we are under a red flag fire warning here in los angeles county as well as ventura.
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72,000 could be affected over tonight and tomorrow morning. back to you. neil: wow. william la jeunesse. thank you very, very much. streaming wars heating up right now, how much people are willing to pay i guess how many streaming services you want to have. robert gray with all the details. hey, robert. reporter: hey, neal, competition is coming and more choices and maybe better prices for consumers. disney plus, apple tv plus are joining the battle next month amid widespread concerns over the arms race to create and buy content. new streaming services from warner media and nbc universal are coming next year as well. if you're weighing cost for services versus cable and satellite offering cut-rate deals, prepare to do a lot of homework. factoring in monthly fees, internet costs or want live broadcast networks be warned you may not save a bundle by cutting the cord. >> this trend about cutting the cable and directing it over to
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these monthly subscriptions is going to continue. ultimately consumers aren't going to save much money because they're going to end up kind ever pooling together these different individual services. reporter: yeah. munster calls the savings a bit of a fairytale as services start to crack down on password sharing. americans currently subscribing to one or two platforms on average, that is forecast to double the next couple years. by next spring there will be more than a dozen major streamers, a number that may not be sustainable according to analysts. netflix is under siege. the stock down a third by record highs, neil. analysts, investors concerned over subscriber growth. cost of content and pricing power. the giant reports earnings next wednesday. we'll await update. neil: there are a lot of these guys. robert gray, thank you very much. elizabeth warren is surging in the polls. a lot of that directly tied in with the surge she had raising
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♪. neil: elizabeth warren knows how to raise money. what is remarkable she has done it with small denominations. she eschews the big bangs or pac money that could boomerang on her in the future. charlie gasparino. >> before i get into this, i do have some big breaking news particularly if you're neil cavuto. sources have confirmed to the fox business network, tad's steakhouse, cavuto's second favorite restaurant after the olive garden is closing for
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good. neil: no? >> they are sighting business reasons, declining sales. neil: all of them? >> cavuto becoming much more of a vegetarian. neil: you and i have memories like fine dining. >> when we would go to kids, go to manhattan watch a concert, eat at tad's. december steak. neil: steak for the middle class. >> the positive thing here is for, mr. cavuto that olive garden is, you know, breaking records in sales. they're not going anywhere. neil: when is this happening? you and i have some restaurants to go to? >> my sources told me beginning of the year. the one in times square is closing. if you want, i'm just say -- neil: what are you doing after the show? >> maybe should go there for lunch. neil: i'm looking for a porthouse. >> do they serve alcohol? neil: no. i just know the steaks. i can't believe that. another iconic symbol.
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>> of new york, old new york. ol' days, beefsteak charlie's, that's gone. neil: sure. >> we do have olive garden. >> now my young naive producer don't know tad's from a clothing line. they are out. go, go. what else do we have? >> who is not out is elizabeth warren. neil: has she ever ate at tad's? >> i think biden would eat at tad. 's. she is chablis, a rugula. don't wrap me. i've been speaking to biden's supporters about the latest gambit. fund-raising and not taking corporate donations breaking down into two camps, not just biden and others as well. democrats, half of them tell me she is complete hypocrite because she will still get corporate donations through the dnc the other half say she is completely stupid. if she does become the front-runner -- neil: she is hypocrite and or stupid? >> i'm giving you both sides
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here. neil: that is not both sides came. >> we report, you decide. here's why. here is why the stupid part. there are only certain things you get soft money from the party. if she would unilaterally disarm hard money from corporations that gives trump tremendous fund-raising ability advantage. this is being widely criticized right now. and you know, one other thing -- neil: she raise as ton in small donations. she might not need it? >> who knows. trump is raising a lot of money. neil: barack obama did both. he raised small sums, by the time general election both eschewed that. >> he was brilliant. had dinner with wall street guys. the place near the fox, the old place near the fox bureau in washington on capitol hill. neil: capitol room? >> johnny's half shell. neil: tad's? >> it is not tad's. he had dick fuld. guys from goldman sachs.
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gary cohn, gary cohn who went to the trump administration. larry fink was in there from blackrock. they set the table for fund-raising. they provided him seed money to raise -- neil: he had a little bit of both, he could do? >> he had a lot of both. neil: very interesting. i can't think of anything else. you're right, looking at this now. tad's steakhouse going away. manhattan's last meat honky-tonk. for those who aren't familar, for families that didn't have the money, live like royalty, have a nice steak, very little money. it was sort of -- you had that. went to a show. it was a good day in manhattan. very sad day. more after this. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can get. 2/3 of employees said that the workplace is an important source for personal savings and protection solutions.
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neil: all right. they ordered in. they are ordering lunch in. they're not going out. they're ordering lunch in. some people could seize on that and say the chinese and american negotiators in washington are
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having their lunch in, then maybe they're close to something. that's how much they pounce on the most ridiculous items that are coming in right now. we are told they are one and done, one-day talk, and after that it's over. they go back to their respective countries to sort of assess with the president and the vice premier not acting as an envoy for the chinese president, but just to bounce off some of the ideas that were discussed. now, we have since learned as well that the vice premier is going to be meeting with president trump tomorrow so maybe that opens the possibility of a deal, or at least they will talk another day. we already know the markets are clinging to the possibility that this president as well removes the higher tariffs that are to kick in next tuesday, the 15th. about $250 billion worth of chinese goods, from 25% to 30%. a lot hangs in abeyance here. let's go to noelle, dick and
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john. john, if it looks like they're not giving up or the smoke signals are such that they are going to discuss this another day, then what? >> my sense is still we are pushing it to 2020 because president trump wants an election year some big victory to say that i negotiated all this time and got you the best deal, so i don't see it happening. neil: limited deal would not be in that thinking? >> i don't think so. i think the desire is i think it's a shame that governments want to plan something as basic as trade, but since they are doing it, i think trump believes it helps for the electorate to delay this until later. neil: what do you think? >> i think trump likes immediate gratification. i think he wants a deal. i think whether the deal is -- neil: not waiting 18, 19 months for that. >> the china thing, for ten years before he ever ran for president he was complaining about china. neil: you're right. >> this is something that is a core value to him. neil: can he accept a partial
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deal? >> no doubt about it. neil: what do you think? >> i think as long as talks are open and fluid, i think that's good. i think that's good for us, good for china and good for the markets. i think that when the markets, and i think when the u.s. sees that there is no more talks to be had, i think that gives you the fear factor. another thing that i saw was the fact that we are going to be opening up selling some things to huawei which i thought was kind of interesting, kind of opening a door. neil: unfreeze them a little. that might have been the carrot, kind of to your point, he was dangling to get something like this. but you know, i always wondered, john, markets sort of do one thing in anticipation, then another on reality. so if you are buying on the hope of a deal, if you get a deal, do you then sell? in other words, do people start looking under the hood and saying well, you know, this isn't the sweeping structural change deal that we thought we
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were going to get. what what happens? >> i think you hit on something important. the idea of a deal being made is priced and we know why it's priced, because the stock market is the most powerful entity in the world, much more -- neil: the president pays more attention to it than people who work at the stock market. >> one of the areas where i give him credit, he's allowed his presidency to be judged on the stock market. i wish every president would say i will allow markets to judge me rather than numbers like gdp. so he has to ultimately get a deal. my sense is he waits later. once it happens, to some degree, it is already priced. you cannot rewrite trade between the two biggest countries in the world. it's already etched in stone. we are already so interconnected there's only so much you can do. neil: when you guys look at this and i see china's behavior responding, the whole nba thing, the apple stuff, they have a way of just making it very clear they haven't changed in all these decades. they are still strong-arming,
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still almost mob-like, and the fact that we bristle at it, whether it's the nba or this gaming company that said all right, we will punish this player who said this outlandish thing about supporting prote protesters, it's weird. nothing's changed. >> i can't believe the arrogance of china. i can't believe the kowtowing by the nba. adam silver, what he's doing, he goes over to china on his hands and knees, begging for the nba, one of the greatest products, one of the greatest things that we have in america, to be able to export out, and he's begging them to let them play, begging them to have these media -- neil: we had a guy on earlier -- >> it makes me sick. neil: nike as a powerful u.s. entity that wants to keep that going, i don't know the details, but one thing that comes loud and clear is after all these years, china can still intimidate and u.s. interests will fold. >> right.
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and you can tell where some people's interests are in the united states and that's money. what you were saying about why adam silver is saying this or that, this is all about, you know, money. if you don't have the chinese investors and chinese market that a lot of these companies have to pander to, you are losing some bottom line money, some revenue. neil: i wish these guys would say the hell with you, then. good luck with the european basketball league. see how that goes. >> never forget that thank goodness it is about money. what did jfk's father always say? wars are bad for business. to get off a plane in china is to see that people love americans everywhere you look. mcdonald's, burger king, polo store, apple store. >> but china can wait this out. china doesn't have an election ahead. president trump needs to close a deal on china. time is not on his side. china, china can sit all day. >> sure, but the people want growth. it's hard for the government to do too much over there.
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>> it's the politics, it's the saving face versus, you know, the money grab. that's i guess kind of a good thing. at some point we have to find a middle ground. but they're communists over there. their government is not exactly for the people. the people love basketball. the communists are just being outrageous in their demands and how sensitive they are to the smallest first amendment infraction that obviously doesn't exist there. neil: you mentioned jfk. i'm thinking of his father who said i paid for election victory, i didn't say i would pay for a landslide. gordon chang joins us now, the china expert, warned about a lot of this stuff when it wasn't cool and widely known. now we do know what's going on. gordon, a lot of folks are looking at the possibility of a deal, better than no deal at all. in other words, it might be fractured, it might be controversial, it might not go as far as we originally wanted but it would be a deal, and china wants to make that happen. do you buy that?
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>> i think that on the chinese side, there are a lot of inhibitions we aren't taking into account. there are things going on in beijing which we know something is wrong but we don't quite know what it is. so therefore, you know, i'm sure president trump wants a deal. xi jinping, however, may have political considerations that move him the other way. neil: could i ask you a little, this is more i guess government semantics, but the vice premier who is here, not as a government envoy, in other words, i didn't understand the significance of that, he's been an envoy in other visits but he doesn't necessarily bounce things off of the president, but what difference does it make? he's obviously going to share that with xi jinping so why is that significant or deemed a significant issue? >> yeah. i don't think it is, neil. the reason is as you point out, he's been here under both designations but all the time, he's got to check back with xi jinping. you know, we talk about xi
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jinping as being all powerful but we've got to remember that in early may, we found out that xi jinping could not sell a trade deal to other stake holders in the communist party, especially the chiefs of the state enterprises so you know, whatever designation liu he has, whether he's a special envoy or not i think is of no consequence. neil: all right. let's say they meet in the white house tomorrow. he's going to meet with the president. i always said why do you have to fly back here, can't you just pick up the phone and talk to the guy. could it be that fast? could he bounce a couple things off him, i kind of semi-committed us to buying a lot more american soybeans and that rt so sort of thing, beef, the united states is giving us a little bit more leeway with huawei, could it be done that quickly or at least the broad parameters, to at the very least have the president, our president, delay the imposition of those pricier tariffs? >> i think that that's entirely
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possible. neil: really? i clearly made that up. that's so cool. no, i'm kidding. but that might be all it takes, right? >> sure. it could very well be. they could set the parameters of a deal which are set in a few days. i tend to think it's more difficult than that. you know, i know president trump from all that we can see wants to delay the huawei entity list designation. he wants to sell stuff to huawei. there are a lot of people here who don't, though, so there's going to be a lot of political back-and-forth but president trump is president trump and he does what he wants. neil: so how would democrats respond to a deal like that? >> look, the democrats are going to respond negatively to anything that the president does at this point. that's been obvious since the day he took office. this is real talk here. i'm a democrat but you know, i see things objectively, at least i think i do. neil: but they have been largely supportive of him in this process. they get a deal like that, they would pounce and say this is what we waited on?
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>> no question in my mind. come on. the way this -- neil: what do you think? >> well, i think you're right. i also think how sad for republicans. here we are talking trump may allow huawei to buy things from u.s. companies, trump may get more soviet sales. when did republicans become so status? when did they become so mercantilist to say businesses in the u.s. need to be vetted before they can sell to chinese companies? i think it's not only dangerous, but it's very anti-republican. neil: very well put. gordon, let me ask you, nowhere in these discussions are the protests. we're told that. behind the scenes it could be quite the opposite. but it's not entering into our lexicon, and i'm wondering what you make of that. >> you mean the hong kong protests? neil: yes. >> yeah, i think there's been behind the scenes discussion and i think that, you know, president trump has actually said in public that there really couldn't be a trade deal if beijing cracks down with force in hong kong, so i'm sure that
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that's there. you know, also, these entity list designations for the atrocities committed in the northwestern part of china, i'm sure also those are going to be part of the discussions. you can't separate this stuff out because beijing doesn't separate it out. we can't do it then. neil: all right. gordon, thank you very, very much. always good catching up with you and finding out what's really going on over there. for those of you just wanting an update from what happened with the talks, they are ordering lunch in. that means they're not going out. some people could pounce on it, say then they must be making progress or they're just hungry and wanted the food like now. more after this. we're carvana, the company who invented
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so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. call, click, or visit a store today. neil: apparently they are very close to working that out. i'm not talking the china trade deal.
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i'm talking across the pond, your majesty's kingdom where right now, a brexit deal could be in the making that they might, might, might have solved the whole irish mess here about how they're treated if you have an england that goes one way and europe that goes another way and ireland is right in the middle of that and a lot of irish residents were saying hello, don't forget about us. apparently boris johnson, his counterpart in ireland, have cobbled together something that might move the ball forward here. let's get a read from jpmorgan chief u.s. economist michael pirolli. do you think, i know it's still early, very very tentative, that a deal could be had to have a brexit break, in other words, for britain to go ahead and leave and put the irish issue to bed? >> right. so look, we've had a lot of false starts in the brexit talks, lot of headlines that sounded positive, then we only saw steps back after that. however, i do think it's
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important that the irish are the key stake holders in the eu when it comes to the divorce agreement between the uk and the eu, and so if this is coming from the prime minister's office, then that is actually a pretty hopeful sign. again, i don't think we should celebrate just yet but this is i think maybe a positive signal coming. neil: i'm glad you made that distinction because these reports are coming out of the european union, out of belgium, not exclusively out of london. that could be a sign that the european union has -- concession might be too strong a term, but an accommodation here. how do you think this whole thing goes? >> well, you know, our view has been up until these headlines that we probably see some sort of extension and then likely another election before any sort of brexit action takes place. now again, we'll have to reassess in light of some of these developments but our thinking had been that the next
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step would likely be a general election before we actually had any sort of resolution on the brexit issue itself. neil: let me step back from this and get a sense of the importance here. if britain were to succeed, successfully extricate itself from europe, the argument is it will hurt britain, there's going to be hell to pay for britain, and i've always wondered why no one says there's not going to be any hell to pay for europe or that it doesn't incentivize spain or portugal or italy, none of whom meet the standards to even be in the union, and they start saying hey, you know, britain is doing okay and mab we can try doing the same. what do you think? >> well, certainly disorderly brexit would hurt the eu. probably wouldn't hurt the eu as much as it would hurt the uk insofar as the trade shares are a little lopsided but there are certainly countries within the eu, notably ireland, netherlands, belgium, that have pretty large trade exports to
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the uk. so you know, the pain would be there but i think another issue here is that right now, the uk is within the eu so if they leave, they don't really have a lot of trading arrangements ready to go, whereas for the eu, they still have the arrangements with the rest of the world outside of the uk in terms of their trade issues. so in terms of the impact, it will hurt the uk more than it will hurt the eu but it will hurt both, for sure. neil: thank you very much for taking the time. sorry to throw all this breaking news at you. you are probably more aware of it than i am. john, what he was saying is that something like this comes to pass, you could also say for boris johnson, it's like a hail mary pass, but succeeds at the last second, but is it too early to say that? >> it is, but again, i think either way, we are just going to find this is one of those things that it's not a big market story. i always go back to the 19th century when it was at war with every european power, yet the people in each country were still trading with one another. the idea that brexit is going to
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mean that europe is no longer to avail itself of british financial advice is laughable. the idea that the brits will not still import french wine and things like that. neil: that would be a fine idea. >> it may well be but life will get on fairly quickly. neil: is it even a political issue? >> i was saying that to myself. i don't think it's a political issue. i don't think most americans care about it. neil: maybe none of you saw the graphics and music package we had for brexit. all right, fine. any political issue here, or are americans focused on other things? >> i think americans are focused on other things but i'm not sure they are going to be able to get anything accomplished. they've got an october 31st deadline. that kind of pushes it up. but you know, i really don't think this does much. there are some, you know, companies that have interest in the uk that might cause a snafu but overall in general, i don't think americans are biting their raphics nder whattiing what wiln
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package and music. we are on top of something much more serious and ominous for the time being. turkey's continued military offensive into syria right now. the president promises a response to this if it gets out of hand. he's talking about an economic response. will that be enough? after this.
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neil: all right. this is what generals feared, turkey's military assault in syria now leaving more than 100 kurdish fighters dead. blake burman at the white house with the latest reaction there. hey, blake. reporter: hi, neil. the criticisms continue on this day. actually want to take you to a live picture right now, probably just about five, six blocks down the road from you, in new york, as the top democrat in the senate, chuck schumer, is speaking right now, giving his thoughts on the president's decision regarding turkey and northern syria. chuck schumer describing the president's decision as erratic,
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saying it endangers national security, american national security, and only helps or one of the things that it helps, according to the senator, is iran. meantime, speaking of television, the turkish president erdogan went before his state media earlier today in turkey and claimed that 109 kurdish fighters had been killed during turkey's invasion into northern syria. that turkish operation continues for a second day today. now, as the u.s. stands by idle, giving way to the turkish attacks, the criticisms of turkey's actions and of president trump's decision continue not just from chuck schumer but all across the globe as well. for example, the israeli prime minister benjamin netanyahu tweeting quote, israel strongly condemns the turkish invasion of the kurdish areas in syria, and warns against the ethnic cleansing of the kurds by turkey and its proxies. israel is prepared to extend humanitarian assistance to the gallant kurdish people. the former vice president and presidential candidate joe biden pointing his criticism at the
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president today, saying quote, there was no process, no consultation with our military, our diplomats or our allies. trump got rolled, plain and simple simply because he has no idea, biden says, what he's doing. that coming from biden just a little while ago. as for president trump, he went to twitter today to defend his stance, saying that he is not in favor of what he sees as endless wars, something that he says he had campaigned on and has been talking about for years. it's the similar comments that the president made yesterday as that invasion started in northern syria. >> we've been there for many, many years and it's time to get -- speaking to both sides, we've told president erdogan how we feel but we are speaking to both sides and we're seeing what can be made out of a situation, but we have no soldiers in the area, you know. we're getting out of the endless wars. reporter: the president has also threatened economic sanctions against turkey should they not
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quote, unquote, play by the rules. but the criticism worldwide, neil, is that is exactly what turkey is doing right now in northern syria. and against the kurds. neil: almost tempting it. thank you very much, blake burman. the dow up 140 points. the big beneficiaries of a potential trade deal are all up, caterpillar, apple, morgan stanley, goldman sachs, lot of the financial issues are all advancing on this idea, this idea that some deal could be cobbled together or at the very least, progress enough to have the president push off a lot of those tariffs that go into effect next tuesday. more after this. what a time to be alive.
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there's no obligation. you know medicare won't cover all your medical costs, so call now! and see why a medicare supplement plan from a company like humana, just might be the answer. wait, come on, i need you. >> i'm never working for a company that's regulated by a communist government. >> okay, okay. no more selling to the chinese. >> then say it. say [ bleep ] the chinese government. >> [ bleep ] the chinese government. >> i didn't hear you. >> [ bleep ] the chinese government. there! neil: we like that particular segment from "south park" hitting back at china. viacom's bottom line, will it take a hit as a result? clearly the company doesn't seem to care. deirdre bolton has the very latest. deirdre: well, viacom owned comedy central not backing down. chinese censors erased every
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trace of that show from the internet, from chat rooms, it's gone as if it never existed. last week's episode, you may remember this one, mocked hollywood for trying to avoid offended chinese censors so media has its challenges, big tech as well, apple included, along with microsoft. these are the two biggest u.s. tech companies that have a large presence mainland china. now, apple just removed the hkmap.live app from its app store. the app was designed to avoid the locations of police and protesters in hong kong, but chinese state media wrote that the developers basically had malicious motive so apple responded. here's apple's comment to us. we have learned that an app, hkmap.live has been used in ways that endanger law enforcement and residents in hong kong. this violates our guidelines and local laws so we have removed it. apple took all kinds of heat for that decision. and it came out with another statement saying this is because
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of safety concerns, not political pressures. but more recently, apple also removed the pro-democracy songs from its store, it removed the taiwan flag from certain locations and last year, tim cook said it would move i-cloud user data to local chinese servers run by chinese companies to comply with local laws, raising concerns of course with what data people see, what they feel safe storing and where. apple gets 20% of its revenue from china. microsoft, just shy of 10%. while these companies may not be playing ball with the chinese government, they are certainly going for a few innings. back to you. neil: thank you very much, deirdre. meanwhile, congress sending a letter to adam silver over the nba's response to china. indiana republican congressman jim banks one of them. congressman, good to have you. obviously you didn't like the way the nba in general handled this, right? >> well, neil, if we're looking to the nba to be our moral guide, we are probably in trouble already.
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but this is really about much more than the nba. we know now that china owns the nba but this should be an eye-opening experience for all americans to see the influence that china has on american companies, on american culture. we know already that we're at war economically with china, but we are at war with them militarily as well, and this is hopefully a wake-up call for all americans. neil: you think it should be a wake-up call for the president? we're told none of this is going to come up in the trade negotiations. >> well, neil, look, every president since nixon has played footsie with china and it hasn't worked. give this president credit, though, he's the first president to be tough on china with the tariffs. we need to be tougher on a lot of degrees. neil: that's not what i asked. that's not what i asked. if you are, you make a very good point about the chinese sort of play this tony soprano role a
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lot, it is such a big issue for you and it clearly is, shouldn't it be an issue for this president in the trade talks? >> i think it is and it should be. hopefully moving forward -- neil: we are told it's not. we are told it's not. other things are, the soybean buy, whether they will open up their markets to cars and all this. this is nowhere on the list. >> well, it should be. to your point. that's why it's concerning to me the administration has relented on allowing for more purchases of huawei equipment in america. that shouldn't be the case. we should never compromise our national security by allowing for technologies like huawei to be purchased in america to put our intelligence, our national security, at risk. so i hope that it is more of a wake-up call for the president but i do give the president a great deal of credit for being the first president in my lifetime to crack down on the biggest existential threat we face which is china. neil: the big threats like
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they're -- what they're doing on security, all that stuff, not this trade agreement, maybe a future one, does that bug you in any way? >> sure. there's so much more that we should be doing. it's why i have introduced legislation to crack down on chinese espionage on college campuses, to reverse recent administrative orders that would allow for federal investments of our federal pension funds in chinese companies. indeed, there's a lot more this administration can be doing. but i do appreciate that this is the first administration to do something about it. neil: all right. congressman, thank you very much. i want to pick my panel's brain on this. brad, what he's saying, there's only so much you can push and only so much time, but when it comes to the way that china's dealing with the protesters, when it comes to some of the more thuggish acts, doesn't sound like that's going to change. >> no, and i think the president has made it pretty obvious to everybody when he took office
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that he wraenreally wasn't goin get involved in terms of how governments treat their own citizens of their country. they are not going to question that. i think the president has been pretty true to that. many people disagree that that should be on the table, but this president doesn't see it that way. and look, from his perspective, he's saying what's best for us, okay. he thinks economically, in a large way, and that's a big part of what he's trying to deliver to the american people. neil: part of that was also making sure you don't act like a thug with our own companies, right? the president was quick to criticize the nba, little more understanding when it's other companies, but that's just the nature of the beast. >> yeah. another thing is if you go back, a long time ago, we were encouraged, if you look at china and the u.s. relations, we were encouraged to do business with china. we were encouraged for corporations to go over and seek out funding and investors.
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so we always viewed china a long time ago as friendly so their brand was always great. now we are trying to shift, president trump is trying to shift that brand to where they're not a friendly, they are not good, and you don't need to be doing business, you don't need, you know, you need to cease doing this and doing that and trying to change the brand of how we view china. so we're having, in all fairness, people are, like adam silver, these people are hesitant to go and do this because for years, it's been that china is a friendly, a great place to do business, back and forth -- neil: in other words, the ends justify the means. >> the president is, you know, he's branding china differently. that's what the president does. he's great at using his platform to be able to say to people look, china isn't our friend. china has been stealing from us for decades after decades and
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it's -- neil: we have to have an agreement. >> how excited would republicans be if hillary clinton were dictating which companies can trade with the chinese? i've got to stress that china was a much bigger enemy and much more dangerous enemy when it was a desperately poor country. i have never heard -- >> it was masked so many people were doing business with china. neil: you think it really changed from the tiananmen square days? >> no. >> oh, my gosh, visibly to visit, i think you would see something entirely different. to go there, the people love capitalism and they love the united states. everywhere -- neil: unless they agitate in places like hong kong. >> yeah, well, this is better -- it was much more dangerous when the chinese had no economic interest in what was happening here. >> i believe that and i believe they love the western way in a lot of ways. i have a lot of people, friends, family that go to china for business. what they're doing with the nba makes no sense, though, because now the chinese government is
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saying no to the nba which the chinese love so much. >> the government doesn't like our ways. the people do but the government doesn't. >> there's a big difference between the people. neil: in the end -- >> at the end of the day it's the same in iran, too. neil: a lot more after this, including the impact of the deal, if we get a deal. also, the latest on sprint maybe spiking on charlie gasparino news. we will tell you after this. we call it the mother standard of care.
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neil: all right. some breaking news from charlie gasparino. updates on this t-mobile/sprint combo. what's going on now? >> this is not the steakhouse scoop we had earlier but it is moving the stock. sprint, what sources are telling us inside the sprint/t-mobile legal team, they will get other state ags to drop out of a lawsuit to block the merger. you remember, right after the justice department approved the
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merger of sprint and t-mobile, state ags sued, some joined, some were on the fence. what we're getting now is from the sprint/t-mobile legal team, that additional state ags will decide either not to join the suit or drop out. last night, what you had was the mississippi ag announcing they were dropping out of the suit, not going to join letitia james, the new york attorney general, in trying to block this merger which the court date is rapidly approaching, i believe it's in november. but the sprint/t-mobile people are saying, this is positive for the stock, i can't say it's going to end all the worries about this merger being blocked, but they're saying stay tuned for more ags to join their lawsuit. they are in active negotiations with several of them to pick them off one at a time to get them not to join the suit and weaken the sort of state ag case led by letitia james to block
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this merger. this would be, if they can do that, it would be a pretty significant victory for sprint, t-mobile and you know, if they can weaken the number of state ags that are against this, that would file suit against to try to block this merger, that would make it less of a problem in federal court. anyway, that's where we are right now. if we have further updates on who's joining, who's deciding not to join the suit in addition to mississippi, i will be right back on the air. back to you. neil: far more important, the update. >> i'm doing investigative reporting in the next hour on olive garden. we understand that the overfl overflow -- olive garden is expecting a spike in sales after the tad's closing in times square. that may help the olive garden stock. >> they need a bailout. neil: thank you very much, buddy.
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charles payne joining us now. did you ever go to tad's as a kid? charles: i got to tell you, my first job on wall street, i made $13,000 a year and thought it was all the money in the world. i took my first wife there. you could not tell me i was not at a five-star restaurant. i was so proud. we got our trays and i'm like pick out anything you want to, honey. i mean, you just couldn't tell me i wasn't big balling back then. neil: i know to a lot of people outside the new york city area, the tristate area, it was and is an iconic name and for a lot of families for whom steak was a luxury, that was the place you went to, because you could get it pretty cheaply. charles: you felt good about it, too. that's the thing. i really felt like it was a night out on the town. i will never forget it. neil: speaking of meals, we are told the trade negotiators are having theirs sent in. that usually is a sign of progress. you're always working around the clock. you don't go out for lunch and
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all. but normally people can interpret that hey, they must be moving on something that they're not leaving, you know, that house to continue talks. what did you make of it? charles: i'm glad you brought that up. because we've had to deal with a lot of speculation, a lot of news that's built on speculation, and then reading the tea leaves from other things like when we saw this big throng of chinese negotiators come. they brought everyone. i don't know if they came in on a 747 or what but they brought everyone to this meeting and so as an investor you see that as a positive sign. they don't want the leave the room, they're too busy, you know, whatever they're doing, negotiating, that's a good sign, of course president trump saying he's going to intervene tomorrow. not only a good sign but it feels like a make or break moment. that's why even though we are up right now, you can still sense the anxiety in this market. neil: yeah. all right. we'll talk about tad's later. maybe go there after your show. i don't know. charles: by the way, i got michael pillsbury at the top. he's in the news, he knows all of this, and maybe more. we got a lot to talk to him
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about. neil: you always do. i appreciate that. and your half-full glass view of life even though an iconic name will no longer be part of our lives. john, on what he's saying about trade and the president meeting with the vice premier tomorrow, lot of people are getting ahead of their skis on this and i hope they're right, that this is all positive stuff. is it to you? >> i generally think it's positive when politicians are talking to each other, except for when it's about economic issues. then i get worried. i wonder why they want to oversee something that's so basic and individualized, but my sense is that trump still wants to come away and say i'm still negotiating on the part of the american people. i just can't imagine they come the a deal this quickly. he's going to wait for the election year. neil: brad? >> i just don't see that. i see it exactly opposite, that he wants a deal as soon as possible. it's the immediate gratification thing of this president. also, a deal for him, even a partial deal, is good because he likes things to remain fluid. he doesn't like things nailed down entirely because he wants
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to get more at some point. i think that's the way this is going to work its way out. neil: we shall see. up 151 points and hillary clinton, what if i told you she might run for president again? after this.
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it truly is remarkable how obsessed he remains with me, but this latest tweet is, you know, so typical of him. nothing has been more examined and looked at than my e-mails. we all know that. so he's either lying or delusional, or both. there was no subpoena, as he
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says in a tweet this morning. so maybe there does need to be a rematch. obviously i could beat him again. neil: oh, no she didn't. beat him again, referring to the popular vote. but hillary clinton following up on that tweet a couple days back, when she said don't tempt me. i think, i think that would make for -- she's seriously considering it. >> oh, my gosh. i would do anything to hear you say that again. that was awesome. you know, the thing that i'm looking at, and i always come back and look at what i'm good at and that's the money in politics. first thing is, who cares if she does or she doesn't but if she does, where is she going to get the money? because all the major donors are all spread out with all these candidates. they're not going to leave their post and come support a candidate that didn't fare well against trump in the first place. so they're sure not going to be able to have the fund and if she doesn't have a war chest to put her message out and revamp her
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brand, then she's toast. neil: what do you think? >> she's not running. she's not running. she's not running. neil: did you say she's not running? >> she shouldn't have run last time. if the democrats are that stupid to give her any bit of an opening, to poke her head into this, it would be the dumbest move and it would set the democrats back beyond where they are today. neil: how do you feel about hillary clinton running? john, you know, she could make an argument, look, sanders is in disarray since the heart attack, elizabeth warren says, caught saying stupid things, she could implode. she's looking at the field and saying you know what, for a party that could go hard left, i'm not quite in that crazy camp and joe biden, he's a disaster rolling out. what do you think? >> absolutely. she's got nine lives and what has she fwgot going for her thi time? she is for once not overexposed. she is the clean candidate.
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they are embarrassing themselves nationally right now. neil: she can do it. clean candidate. >> she doesn't have the hard left paper trail. she's got serious wall street backing. she could come in as the normal one. neil: you think she's damaged goods? >> she's so damaged, been there, done that. the democrats would rather go with a younger up-and-coming individual -- neil: in this crowd, you are young and up-and-coming if you're 70. nothing wrong with that. >> there's cory booker, there are a host of others. but they need to go backwards before they go forwards. neil: who has a better chance of winning, elizabeth warren or hillary clinton? >> i think warren. neil: really? >> i think the president would rather see warren because obviously, it creates the biggest difference in terms of ideology and then you would have the independents unaffiliated and the rest having to make
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really tough choices which wouldn't really be that tough and they would lean towards trump at that point. neil: you think the president could beat either? >> democrats would be more enthusiastic with warren. that's what counts. that's what counts. neil: what do you think of that? the passion would be with warren, not hillary clinton? if it came to that. >> i think either one point to a trump victory, if you have either one of the women, for different reasons. hillary is a tired brand and not a trusted brand. then you've got elizabeth warren, who has got policies that are not friendly to wall street. back to your point on the economy, it's all about the economy, that puts her in a horrible position and puts trump, like it or not, back in a key position. neil: the president trails in all the states, in fact by double digits, that he won, that gave him the electoral votes. that could change. >> but i think that is the biden effect. because biden can appeal to those blue collar workers much as where -- neil: where elizabeth warren or
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hillary clinton -- >> i don't think that they can have too much connectability. a lot of that has to do with job creation. >> biden is a dead man walking right now. >> i don't know. >> i don't think he can be resuscitated. he was the person, polls were showing, that could beat trump. trump was clearly concerned. and -- but with him out of it, i don't think there's anybody including hillary that will touch trump in the next election, because if you want to underestimate donald trump, just turn your dial back, your clock back to 2016. he destroyed 16 other republican candidates. neil: we'll see. final word. brad, thank you. john, goes without saying. much appreciated. noelle, keep confounding them. all that money stuff. all right. right now, the dow up 166 points. more after this. ec. what would it look like if we listened more? could the right voice, the right set of words,
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bring us all just a little closer? get us to open up? even push us further? it could, if we took the time to listen. the most inspiring minds, the most compelling stories. download audible and listen for a change. . .
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neil: all right. this fox alert in. the order from clyde's very
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popular establishment in d.c. there is one in georgetown. the burgers are great. lobster great. crab cakes are great. we do know now they're eating in. charles payne on significance of that later in the hour. charles: thank you very much, neil. i'm charles payne. this is "making money." breaking at this moment, and they're off. high level china trade talks are underway in washington. we sift through the noise and get real read where things are headed. the trump twist, which wall street is loving at the moment. plus while these talks carry on. more american companies are blinking in the face of china. how apple and google are trying to distance themselves from the conflict in hong kong. what is the tipping point before the mighty american consumer drives this economy? the answer might surprise you. all that and so much more on "making money." ♪

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