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tv   After the Bell  FOX Business  October 16, 2019 4:00pm-5:00pm EDT

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best fourth quarter in the stock market next 20 years. [closing bell rings] >> liz: he gave his key. investors waiting on tenterhooks for ibm. netflix and more. that will do it for "the claman countdown." connell: possible warning signs for the economy dragging stocks today. the report can shake things up tomorrow, what we look out for, stocks faltered with retail sales report. first time in seven months. the dow fights for gains, ends up down 17 points at close. we're waiting for netflix numbers, bring you as soon as they come out from the streaming giant. that stock down 22% or thereabouts since the last earnings report which was a dud back in july. i'm connell mcshane. melissa: i'm melissa francis. s&p 500 ending in the red. this is "after the bell."
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the president meeting right now with congressional leaders at the white house amid on going crisis in syria. we'll bring you any headlines from the president this hour. we mentioned we are waiting for netflix now. wee bring in our panel, gary b. smith, kadena group president. also a fox business contributor. jack hough, baron's associate editor. what are you looking for on they netflix. >> we call it earnings report, how many new customers you bring in who are willing to pay. last quarter was a disappointment. the stock plunged. i think in this report they don't really have to beat the estimate. i think they do have to meet it. you can't go into this later part of the year without -- melissa: hold on right there. we have numbers. connell: revenue is right in line. 5.25 billion was exactly what we were expecting. deirdre will have more details what you see. stock is selling off there. i don't have a comparable earnings per share number that i
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can give you yet. i'm not sure if it is earnings per share. as jack rightly points out is subscriber growth number. sees its fourth quarter earnings at 51 cents a share. if that is comparable to the estimates. that is well below what the street was looking for in the next quarter. the street estimate is 81 cents. again not sure if that is comparable. do see revenue below forecast as well for the fourth quarter. to me, first glance, continue the conversation before deirdre. deirdre is ready now. the stock has turned around, often happens in these situations. number better on eps, huh, deirdre? >> number is better on third quarter eps, connell. third quarter looks great. which could be reassuring if we look at fourth quarter. third quarter we'll tackle that first. we have a beat for earnings. 1.47 per share. analysts were expecting earnings per share of 1.04 per share.
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that is better than 20% if you compare this quarter this year, this quarter last year. revenue in line for expectations fiscal third quarter. $5.52 billion. that represents 30%, little better than 30% versus this quarter last year. it is really, you're seeing volatility come into the stock. because the company is guiding lower for the fourth quarter. so if you look what wall street was expecting. 81 cents a share, what most analysts were hoping for the fourth quarter. netflix is posting 51 cents a share. so you hit that headline there, connell. quite rightly. sales also lighter. melissa: ned at decisions 6.77 million. is that what you're about to say. connell: that is a little light, deirdre. >> it's a little light. we were looking for the as far as the total, international for the third quarter. it was supposed to be 6.2 million. in the fourth quarter it was supposed to be 8.07
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international. i will keep going through those. fourth quarter sales is also lower than consensus. netflix guiding towards 5.44 billion. melissa: can i give you one more? global streaming net paid additions. 7.6 million. >> that is higher than what was expected for third quarter. melissa: that is fourth quarter. they're guiding forward for the fourth quarter. >> so that is light. >> 7.6 million. >> that is lighter than what was expected. most of wall street was looking for 8 million. it was 8.06 to be very technical. i think really will cause volatility in the stock of course, we've been talking about this bigger picture, at the same time, as disney plus is about to come online, apple tv plus, about to come online. so there are a lot in the investment community, saying well, netflix better watch the first mover advantage, because the foot fall of its competitors is coming up pretty quickly. one thing i will say as far as value of the stock, look how
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netflix performed year-to-date. it is weakest fang. so i'm going through some comments here. see if people are making argument for buying in. quite frankly now, compared to some of its peers looking a little cheap. connell: we'll look at our panel. we have brian stine berg, variety senior tv editor. you were talking to melissa before numbers came out, subscriber figure. they missed by a mile last quarter. why the stock tanked. the way i read this, overall net additions, 6.77 million. the company guided 7 million even. that is a little bit light. i don't have breakdown international versus u.s. that is little light. not disaster of last quarter, but that is a little light. >> they were widely expected to miss. this number comes in good enough.
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better than investors worst fears for subscriptions. you have to consider the context if you're an investor. this company will burn 3 1/2 billion dollars in cash this year. people tell me, hey, netflix is a great deal. i know it's a great deal. i watch it. they pay a lot more for content than they're charging me as customer. the question is the will they raise the price going forward. will they do that when all of hollywood is coming with well-funded streaming services. connell: gary, to jack's point, market watch comes out with a headline as earnings are released talking about the stock up a little bit. subscriber growth bounces back. we're getting tied up in the weeds, saying a little bit light. when the last time you only have 2.7 million subscribers, added. this time you're adding nearly 7 million. this is bounce back quarter when you look at it that way. stock up 3 1/2% plus. what did you make of it? >> look, your key point there, connell, down into the weeds.
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frankly, two million, seven million, 10 million, forget all that. take a step back. i look at what netflix was, what it is now. in the glory days, it had a moat around it. if you wanted to watch stuff online, movies, old tv shows, netflix was only way to go. everyone glommed on to the idea. half my family on i.d. netflix is in place. that moat is gone. we talked about already in this segment. espn is in. networks are in. you have hulu, all these other options. that's number one. jackal lewded to a good point. 15 billion a year in new content. go to netflix. you can't even decipher what's new, what's old, what they have there anymore. glory days are over. melissa: no, no. that is not true. >> glory days are over for netflix. if you want to keep owning netflix because you still use
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it, great. i think they're better plays for your money nowadays. melissa: i would add i disagree with you. i think they have fantastic original content. that is hard to come by. >> they do, that is not my point. they have a million offerings there. iting overwhelming. melissa: maybe depending on your age. connell: oh. that's not right. apologize. >> i love you, i apologize. i'm kidding. third quarter operating margin, 18.7%. i only tease you like that because i love you. what did you think of operating margin? 18.7%? anybody? nobody cares. >> i will tackle it. i have to take a nap. connell: go ahead, brian. >> talk about earnings with a company like netflix. they're heavily dependent on netflix. how far it spreads those out against revenues. that is why i think it is more important to watch free cash flow for company like this.
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earnings are positive. free cash flow is sharply negative. only one of those two things can be used to pay your bills. it is free cash flow. connell: right. >> eventually the company needs to turn to positive free cash flow. the problem that data is pushed further, further out. we're out to 2022. the backdrop we have ipos falling away left and right because of their criticism the path to profitability is not convincing enough. connell: let me bring in brian y steinberg. there are interesting surveys as people make decision what they will do. one getting attention last couple days is, could you end up spending more with all these subscription services before you cut the cord? 27% of americans spending more than $100 a month in streaming subscription services. how do you see the whole thing shaking out, netflix versus all the rest? >> that is great question.
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i feel like the american wallet will contract so far. recession coming up, stock market. i don't think the services prove you need to have them. they're great to v i'm not sure a blue-collar person in the middle of the country needs to pop out more money beyond cable for netflix and allison and hulu. i think dozen of these things pop out, more and more coming out. more media companies will depend on revenue steeling. the use of revenue for fueling their engines. that is a danger. connell: would you rather be netflix before some of the competitors ore threat of media companies taking away threat for netflix? >> i see a threat. netflix has tons of debt. brand new shows. a lot of older guys have durable franchises are proven will get people going from tv to streaming much easier. it is easier to use nbc and abc for a new show, than buy ads on abc, nbc. there is built in advantage for
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the old school guys. connell: gary last point to wrap up the point, similar what you were saying to some extent. >> look at the competition. what are the options. netflix was fantastic when you didn't have many options. now they're competing. it is come back to number. now they're competing like the ol' studios. just like old networks they have to come up with more and more content that cuts into that free cash flow. atas we talked about, not a gret buy. connell: number seen on pretty good on subscription ads. appreciate you coming on. melissa: love you gary b. >> you bet. melissa: i was just teasing. connell: of course. he doesn't need to take a nap. finding a solution as we continue congressional leaders speaking now at the white house. there is senator schumer, democratic leadership, right next to the speaker. steny hoyer after their meeting with president trump on escalating crisis between syria and turkey. we're live at the white house
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with latest from there coming up. melissa: that was good. democratic candidates duking it out for the fourth debate from the 2020 race. one key topic was left off the menu. we'll talk to howie kurtz, fox news media analyst this hour. connell: deal or no deal? brexit talks continuing today as they seem to every day. today was supposed to be a huge day. critics say without progress, there is no chance before a key deadline. what will happen? we're breaking it down later in the hour. ♪ i wanted more that's why i've got the power of 1 2 3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the power of 1-2-3. ♪ trelegy 1-2-3 trelegy. with trelegy and the power of 1 2 3, i'm breathing better.
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connell: another fox business alert. we move to ibm. netflix up. ibm knot so much, gerri willis after reporting its results what do we see here? >> deep dive, penny over expectations at 2.68, versus 2.67. revenue, fifth straight quarterly of quarterly revenue declines, coming in 18.03 billion. expectations as you can see right here, 18.22 billion. a disappointment here. shares trading lower. they will hit the dow tomorrow morning, bringing it down. meanwhile, good news from
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red hat. getting from the company itself. 34 billion-dollar acquisition of that company we've been watching that. five billion cloud revenue gain. fight between microsoft and amazon over cloud revenues. number three, trying desperately to grow the business. mainframes blocking for those results. a miss on the bottom line, revenue line what analysts are focusing on. revenue declines for this company. in august the company cut full-year outlook. connell: thanks, gerri. melissa: democratic congressional leaders meeting with president trump at white house, blake burman live with white house. blake. reporter: a who's who meeting at
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white house wrapped up moments ago. we know that some of the members taken to the camera. the fallout to president trump's decision. northern syria for u.s. troops continue. president and members of administration. big four, chuck schumer, mitch mcconnell. kevin mccarthy and nancy pelosi. along with members of the senate and house armed services. senate foreign relations, house foreign affairs committees. the u.s. troops president decided to remove were helping kurdic fighters allies for the u.s. with the battle against isis. kurd are target after turkish invasion into northern syria. president trump is arguing this is border dispute. the u.s. doesn't need to be involved with. as he says, other nations can fight isis as well. >> others are tough they can
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kill isis as well. they happen to be in their neighborhood. all i will say i will not lose potentially tens of thousands american soldiers fighting a war between turkey and syria. connell: there has been bipartisan pushback regarding the president's decision. there is a concern among many that this could potentially lead to the reemergence of isis. >> we spent a decade trying to contain isis. and in one phone call, it seems on a whim, the president has reversed much of that progress. >> i think i'm speaking for most members of my conference that, this was a mistake. i hope it can be repaired. connell: reporter: in washington couple hours secretary of state mike pompeo and mike pence will be leaving for turkey.
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pompeo telling maria bartiromo one of the things they will be pressing the turkish leader is a cease-fire. melissa. melissa: blake, thank you for that. connell: connell: netflix, "fox business alert." the stock is now lower. it is up but down 3%. as deirdre bolton joins us the kind of volatility you sometimes see in, correct myself. it is up by 11%. that is different chart. netflix is up 30 bucks. get my act together here, deirdre. >> there will be a lot of volatility in the stock to be honest. connell: talking about the subscriber number a little bit. >> yeah. connell: said that was light. compared to what the company guided. pretty much right in line with what analysts guided i would think. definitely pretty good compared to the last quarter which was disaster. >> last quarter was a disaster indeed. maybe people were expecting another disappointing quarter as far as net ads. what is interesting about the third quarter net ads,
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international slightly stronger than expected. international ads it was 6.26 million. most of wall street was looking for 6.05 million. seems like we're splitting hairs. that is better than expected. on the domestic side it is weaker. not really a surprise, which is perhaps why we're not seeing investors really or the stock really crash postmarket is because they added about 517,000 domestic net adds, wall street had analyst expectation for 802,000. but, it is not such a surprise because we kind of know the market. i'm not going to say it is saturated but perhaps nearly saturated for netflix. even their own officers. even their own managers have been very open about saying you know what? growth will come from overseas. so what we saw in today's third quarter figure, certainly backs up that idea. as far as the headlines go, we saw them beat as far as earnings go. so 147 a share. that was better than the 1.04 a share per share that was
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expected. sales go, bang in line. 5.25 billion. exactly what wall street was expecting. so for earnings we're looking at 20% growth quarter on quarter for sales around 30% growth quarter on quarter. that is all positive. i must admit i am surprised to see the green on the screens because the fourth quarter outlook is not encouraging at all. i mean eps 51 cents a share. wall street was looking for 81 cents a share. as far as sales guiding lighter there, 5.44 billion. versus 5.52 billion which was the estimate. all of this in this larger context with all these competitors coming online, right? we have disney plus, which is going to launch very soon and is cheaper. as far as bob iger ceo of disney saying they priced it to be competitive. certainly is. so 699, call that seven bucks a month for disney plus. versus netflix cheapest which is 899. most of netflix functions on
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12.99 package. apple launch and cheaper than netflix. netflix continues to spend billions, b like boy on their content. as we know disney has tons of content of they have paid for it, part of that acquisition through fox entertainment. while disney continues to spend on content they don't need to do so in the same way arguably netflix does. i wanted to highlight another story. more on private markets, the role that the private markets have been playing in tech and media companies we talk about, softbank. softbank has connection to wework. has a connection to uber. for those two names, probably more of a connection than softbank wants at this particular moment. softbank will probably lose quite a bit, if wework as we know, already pulled its ipo. a disaster. no other way to say it. laying off 2,000 employees. will run out of cash in november
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if no emergency financing comes through. wework has 29% stake in that. at one point the company was valued at $47 billion. it is now estimated around 7 billion. so softbank, jpmorgan, may, or may not, save wework. it definitely needs saving. and you know, most analysts are saying, wework, softbank, pardon will have to write down at least $2 billion on that investment if not more. urban legend that mr. sawn, softbank ceo, decided within 30 minutes to invest and get on the wework trail. probably a little bit after hasty decision he may now regret. ousteds disgraced founder adam newman. softbank has more exposure to uber than it might like. $7 billion went into the ride-hailing firm. uber's stock down 30% since the public debut.
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analysts estimate that is 4 billion-dollar hit to softbank. on the plus side though, it did invest in alibaba. technically, probably the best investment in technology at least in the modern era. 20 million-dollar investment in jack ma's alibaba. current valuation, 90 billion, so you get a return of 4500%. a little margin of error there. bottom line, some companies are staying private way too long. by the time they go public, there is no value left, no interest. we're continuing to follow obviously tech and media. this kind of landscape, who stays private, who goes public, under what terms. >> who will learn from the wework situation. deirdre, a lot of ground covered. melissa: unprecedented cancellation. hong kong's chief executive forced to cut her policy speech short. we'll tell you why. what it could mean on the world stage. that is next. 12 democrats, debating for three hours. in a debate hosted by two news
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outlets but one big topic went untouched. fox news's howard kurtz breaks down how the debate fell short. that is next. ♪ get a no-fee personal loan up to $100k.
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sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement. jo democrats swearing off on number of issues in the debate stage with the exception of a pretty major one, china. joining us now is howard kurtz, fox news media analyst and host of "media buzz." so, howard, there was a lot of criticism, a three-hour debate last night, all those questions. they got to topics like ellen, sitting next to george w. bush, but wasn't a single question on china for our audience. for anyone who buys stuff with money. china is a big topic. what was your thought on that? >> i don't know how the moderators could be expected to get to china. they only had three hours. they did spend that last 20 minutes on ellen degeneres. if cnnn mercifully cut last half
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hour off i could have watched the washington nationals game propelling the team into the world series. tariff war. could you bring it up as part of questioning about hunter biden and work there. seemed like a elephant in the room. melissa: you look at one of the other big topics this week, with the nba. and they're pure whether or not they get cut out of china. they accused cnn having same fear because they're on the air in china. is that fair criticism? they did ask the question, a china question, in another debate. what are your thoughts? >> i say it's a missed opportunity. i would much rather heard about the debate about the nba and other american companies, kowtowing to china or making compromises to do business with beijing, rather than, you know, a lot of the topics the moderators show there is from the left.
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should we pack the supreme court to protect abortion? do we do buybacks to get guns off the street? they let every 12 candidate answer every single question, rather than mixing it up, that made the thing drone on. i think anderson cooper crossed the line, asking the hunter biden, that president trump made false accusations by you and you and your son haven't done anything wrong. melissa: that was quite an as sis to joe biden. you talked about how long it went on. if you looked at conversation about it. it seemed like a lot people watching it got bored. went making fun of it. same criticism last time around with all the republican primary debates, they're just too much? >> i think three hours is kind of cruel unusual punishment. ratings go down. 3.8 million.
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certainly far less than the early ones. there was a lot of substance about health care in particular. moderators can't pin elizabeth warren down. will middle class taxes go up. she dodges it talking about costs. there were three attempts to pin warren down. cnn and "new york times" got to substance t was wonk fest. once we get the field when it tilled down from unwieldy 12 people, many have no chance to win the nomination, maybe it will get easier. melissa: do you have a winner and loser? >> all the pundits said elizabeth warren won. she got attacked the most. i think she did well. biden was uneven. impeachment has so overshadowed the coverage of the democratic race. spending three or four days, pete buttigieg had a good night. klobuchar had a good night. we're back to impeachment. that hurts the democrats in terms of getting attention. melissa: howard kurtz, thanks so
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much. >> you too, melissa. >> shouting. [shouting] some scene in hong kong. chief executive carrie lam getting heckled before she started address during parliament. heckling continued during the speech forcing her to leave. dan mitchell, center for freedom and prosperity. talked about hong kong from every angle. this is simple straightforward one, what is happening there, dan. boy it continues this protest movement. how do you see it ending up? >> hard to predict where it will end up. one thing that could happen, that would help matters, the young people in hong kong are frustrated, not to because there is concern about china, potentially intervening and undoing the one country, two systems policy that actually worked very well since 1997. but in hong kong, even though very free market, the government owns all the land. the supply of housing is very restricted.
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if carrie lam did something like opened up the housing stock to free market forces, young people could have a better chance moving out of their families homes. setting up shops themselves would that help release some of the steam building up in the jurisdiction. connell: what about the united states role in this? nba stories, lebron james comments come into all of this, in terms will we be bullied into changing how we speak about hong kong? to that point, to some extent the house of representatives passed a couple of bills as you probably know. basically supporting the hong kong protesters. i read something today, on the cctv news, the state-run news in hong kong last night, there were six report condemning those house of representatives bills. so you know, china is not happy with a lot of what is coming out of the united states on hong kong. what's next? >> think about it this way. we have some territories ourselves. american samoa.
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northern mariannas islands. if some other country was stirring up trouble, we would get upset. obviously there is a difference between the united states and china. i don't want to put any sort of moral equivalence here but i do understand beijing's perspective they think other people are messing in their backyard. that being said, i think china has strategically, let's look at it from a pure business perspective. china has strategically made a mistake looking like they're overly sensitive. china should not care if some, executive with nba team sends out a tweet about hong kong. they should ignore it. instead they have drawn a lot more attention to the situation. likewise, lebron james was, i think very misguided to, with his comment. just dodge the issue. make irrelevant comment i hope it works out for anybody. you don't have to pick a side, get people angry at you. connell: broader context how this fits into u.s. being, china
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relations, piece in "wall street journal" greg ip wrote about tensions between the u.s. and china run. here is a quick quote from it, he wrote that events in the last week show the two economic superpowers, though reaching a truce in their trade war, are drifting closer to a new cold war. so, he is moving past the trade headlines. basically saying everyone is aggressive on china, whether it is economic hawk. whether national security folks, whether it is a. that is the big picture story. we'll not get ourselves a short term or a wide-ranging trade deal in that environment. do you think we can? >> it is hard to see how we get a good trade deal, especially because in asia the concept of face, not backing down is very important. i think trump made a mistake on trade by making this a big public fight. of course xi and the chinese aren't going to back down. likewise, if we make hong kong a
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big public fight. that probably actually hurts chances of -- >> first battle in a cold war some have said? hong kong protesters said. >> i hope not. everyone hopes we peaceful resolution to all of this. china continues to liberalize, becomes more democratic, evolves same way singapore did. but who knows. maybe we'll wind up with china being the new soviet union. i hope not. that is not good for china. it is not good for us. connell: dan, good to see you as always, dan mitchell. melissa: possible end in sight. united auto workers, general motors taking a crucial step to end the strike. we are on the ground in detroit next. connell: plus a major deadline for brexit. another one. negotiators working to secure a deal before a key summit that is going on tomorrow. so, a lot of back and forth today. we'll have all details on possible implications coming up. melissa: for 23 bucks you can get a bottle of jim beam
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melissa: we'll bring you the sound as soon as we have it. tell you what we're waiting for here. there is a big development at the white house. apparently, republican leader mccarthy says house speaker nancy pelosi stormed out of a meeting with president trump. he says how pelosi addressed president trump was inappropriate. republican representative michael mccaul says he will introduce a sanctions package on thursday on turkey about the syrian incursion. so we're waiting to get the exact tape and hear from the horse's mouth so to speak on the back and forth. some breaking news coming to you in just a moment. connell. connell: speaker accusing the president of having a meltdown over a vote in the house on syria. while we wait, a possible end to one of the longest strikes in the history of fm that is the headline today. the company reaching a tentative deal with the uaw after more than five weeks of protests grady trimble has been covering.
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he is still covering. live in detroit, with the latest. what is the latest, grady? >> connell, most excited about the prospect after deal, cautiously optimistic i should say are these workers. they still don't know the details of the deal or tentative agreement. so they remain on the picket line. i talked to some of them as soon as word got out there was a tentative agreement between general motors and the uaw. they say they will be looking for very specific things in that agreement before they choose to pass the agreement. things like job security. will there be commitment from general motors to add jobs in the united states and keep jobs here as opposed to moving them, say to mexico? other things like health care and, path to full time employment for temporary workers. some of the picketers that i talked to say, they will look carefully and they will remain on strike, if they don't like the deal that they see. listen. >> feels good. people will be able to go back to work.
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people are struggling, but we're not going to go back until we have a good agreement. >> i need to make sure there is food on the table. so that is pretty much the reason i'm out here. >> interestingly, we just learned that trade advisor to the president, peter navarro was critical making this deal happen. he apparently worked with both sides according to our sources, to speed things up, make sure they are staying at bargaining table. how long this strike has lasted, it was summertime when it started. guys? connell: didn't have the hat on then. thank you, grady. melissa: "fox business alert." another look at netflix, the stock up after-hours, following a beat on third quarter earnings. the streaming giant adding more than twice as many subscribers as the third quarter. then it did in a disappointing previous quarter. netflix says third quarter revenue rose 31% to 5.25 billion. connell: all right. melissa: new details about president trump's meeting with congressional leaders.
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melissa: back in the saddle so to speak. newly released leader
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kim jong-un riding horseback on a sacred mountain where he was inspired to plan a great operation to overcome u.s.-led sanctions this is local media. the mountain is sacred place for north korea. the white house is propaganda symbol for the kim dynasty. the images oddly similar to those of russia's putin, pictured riding a horse in siberia. connell: one key difference? melissa: looking at it now, i see the difference. never mind. connell: what a world, right? what a world. now this, skipping day before congress, ride-sharing companies uber and lyft declining to make appearance before the house transportation subcommittee. the person of the hearing was to delve into issues affecting the ride-sharing industry. does this backfire on uber and lyft? david asman joins us ahead of bulls and bears. similar video -- >> never mind. no video of me riding any kind
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of a horse, certainly without my shirt on. by the way i'm glad you saved us from seeing kim jong-un without his shirt on. >> we'll talk about uber and life. a guy knows about more than i do, bradley tusk. he made a lot of money from uber. he used to work with mayor bloomberg. the taxi lobby of the city governments is really tough. some would say quite corrupt as well. bradley was tasked with trying to break you there the lobby and they finally ended up getting rid of him. i don't think they were that anxious to play hard ball. i say get rid of him. he is still involved. i think they're getting really fed up with governments trying to stop what they're doing. that is what is going on. connell: tell us more about the -- looks like you will have mixup at the white house to talk about? >> we're not mixed up. we're going to mix in a lot of different things. a lot going on as you been covering, at the white house.
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certainly with regard to syria. turkey, what is happening with regard to the president and the democratic leaders. how they're attacking each other apparently now. but zuhdi jasser, we have him on. he of course knows a lot about the middle east. his parents were from syria. so he has got a horse in the race here. so to speak. we'll ask him about the situation there. also the question of, $100,000. you think that's a pretty good salary. $100,000 a year. apparently according to "the wall street journal" it may not be enough to buy a house anymore. that is why so many young people are renting. is 100,000 enough to buy a house. i see a lot of people here saying no. connell: not around here. right? david, see you at the top of the hour. david asman, and "bulls & bears" crew. >> appreciate it. melissa: high-stakes overseas, brexit talks continue ahead. we're breaking it all down, next
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connell: here is the fox business alert for you. that is me. brexit, they are still crazy over there, negotiations coming down to the wire. ahead of the eu summit they have remembetomorrow. but there is word it will not be reached tonight work that. director there. has been kind enough to lend his analysis. i think that 3706 times during this brexit. i was reading. oh, we got this, we figured out northern ireland, but now? what is going on. >> it is going down to the wire with these negotiations, i'm not expecting a breakthrough it is
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very late tonight in london and brussels. but we could have a breakthrough tomorrow morning, that is the hope for british prime minister boris johnson. he is looking for last minute deal with eu, take that to house of commons soot day fo saturdaya parliamentary vote, if so then bribritain would exit october 31 that is the plan. there is a few hurdles to over cam, and has to be said eu has been dragging its feet in terms of a new deal. connell: talking about timing, can they not get it in time? >> as long as a deal can be struck, i think tomorrow morning, there would be sufficient time for parliament to vote on a deal saturday. this is the goal for british
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government, and eu looking for an agreement tomorrow. connell: i am sorry nile, we have more breaking news from white house. nile gardner thank you. melissa: meeting at white house ending abruptly. >> i think that th the -- more n 2 to 1 of of the republican votd -- he was shaken up by it. that is why we could not continue in the meeting because, he was just not relating to the reality of it. >> speaker trying to make everything political. storm out of a meeting, which i watched time before during other crisis, really not the ability of a speaker or the style how a speaker should carry herself out out. connell: all right. melissa: and the way that speaker addressed president was inappropriate, she said he had a
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meltdown. connell: bottom line, the speaker walked out, the democratic leadership of this meeting, so. >> that does it for us. connell: "bulls and bears" starts right now. david: 12, 2020 democrat hopefuls trying to outdo each other last night. a brand-new election model is showing president trump with a strong chance at reelect. this "bulls and bears," thank you for joining us, i am david aldrich, odavedavid asman, on t. moody's analytics with three separate economic models they all show trump likely to win next we're based on the strength of the economy. with stock gains and jobs number, moody's model has only been wrong once in

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