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tv   After the Bell  FOX Business  October 22, 2019 4:00pm-5:00pm EDT

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perspective. [closing bell rings. liz: michael, thanks for joining us. volatility, you're seeing in play. we're closing at lows for the session for the dow, s&p and nasdaq. let me send it over to "after the bell." connell: a lot of volatility back and forth throughout the day on wall street. at the end of the day the dow closes lower. that is a rough close. final few minutes of trade. investors weighing corporate results which were mixed. new regulatory concerns as well for major players in the tech world. as we work it out, the dow settling lower by 36, 37 point. so not great but we'll see. good to be with you. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." the s&p 500 and nasdaq also in the red. more on the market movers but here is what is new at this hour? brexit denied. uk lawmakers rejecting boris johnson's timeline to lead the european union.
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we're live in london what happens next. it is the will of the british people will be completely forgotten, the cease-fire is over. the truce between turkey and syria just expiring one hour ago. the latest from the pentagon on that? mark zuckerberg set to testify on capitol hill tomorrow as new investigation gears up into facebook. a first look what the ceo will tell congress. connell: a lot to talk about with fox business team coverage. gerri willis on floor of the new york stock exchange. ashley webster in london, edward lawrence in capitol hill, grady trimble in chicago, jackie deangelis reporting from the new york state supreme court. but to brexit, not to brexit, ashley, we start with you. reporter: connell, yes, so much for the fast track that boris johnson was claiming he could get the eu deal done within the next nine days. he said i would rather dead in a ditch famously. turns out he will not make that deadline. on a vote of 322-308, lawmakers
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said whoa, hold your horses, we can't go through the whole bill in three days. they said you will have to put a pause on everything. boris johnson speaking to lawmakers after that vote saying fine, but now we'll have to start making preparations for a no deal. take a listen. >> the government must take the only responsible course and accelerate our preparations for a no deal outcome. but secondly, i will speak, i will speak to eu member states about their intentions. and until they have reached a decision. until we've reached a decision, i will say, we will pause this legislation. reporter: which is very interesting, when he says we're going to pause this legislation. he didn't pull it as he had threatened before the vote. he also did not call for a general election which quite frankly could have been a bluff to put more pressure on lawmakers to actually vote for that timetable. it didn't work. brexit is on pause.
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we wait for the eu to make its decision on the extension. if they decide we're fed up, we're done as the french suggested, there would be no deal. i can tell you right now the eu will not do that they will grant an extension to january 31st, but maybe be a little more flexible, allow the uk just to get out a little earlier. here we go again, guys. more twists and turns. connell: so it goes. ashley webster live in london. melissa: wall street focused on profits. gerri willis has details. reporter: boeing doing better early in the day they had progress getting the 737 max jet up in service. the stock went up more, head of commercial airplanes unit said to be stepping down, replaced by dan field. big news for boeing. that stock expected to add 50 points to the dow alone. meanwhile all earnings news rest of the day. proctor & gamble and united
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technologies adding 50 points to the dow on upbeat earnings. that was good news. travelers, mcdonald's shaving 135 points off the dow. the dow ending down 39. mcdonald's meanwhile had a double miss for the first time in years. the stock fell behind rivals burger king and wendy's. trouble there at mickey d's. ups, announcing a miss on revenue with improved bottom line. that was good news for the stock for a while. it fell as you can see here. they also had announcement about their drone business. they're in partnership with cvs, the drugstore company. listen to scott price, their strategy chief. >> so we've already done 1504 revenue commercial. i make that fine point, we are first to hit that level. so we are well over a thousand as we expand into the university of utah. then we start looking how we'll
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implement with the three partners of cvs, amerisourcebergen, kaiser permanente. we see thousands and thousands coming up. reporter: big move into health care by ups. they are have the only certified drone airline by the faa they're making a big move into health care and drugs. you might get your drugs from them. who knows. back to you. melissa: pretty cool. gerri, thank you. connell: let's get to wework. wework reportedly going with softbank. the beleaguered company letting softbank take control. grady trimble live in chicago with more details on all of that. grady? reporter: connell, the the "wall street journal" mulled a couple offers and went with the one at softbank. they value the company at $8 billion. that is way down from the initial valuation of $47 billion. they would pay the embattled
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cofounder, $1.7 billion, essentially ending his ties with the company. it has been as you know a rough few months for wework. they had to pull the ipo last month. investors noted it had a lot of debt, posted massive losses month after month. as a result newman was forced out as ceo. wework is the latest ipo flop of 2019. lyft and pellloton posting disappointing debuts. wework had several offers including one from jpmorgan. the offer from softbank came just in time because the company previously said it would be out of money by mid-november. connell? connell: boy what a story. grady trimble. melissa: a trial that could change the landscape of american fossil fuel industry. exxonmobil going on trial at the new york state supreme court over the accusation that it
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misled investors about the cost of climate change to its business. fox business's jackie deangelis is live on the scene with the details. jackie? reporter: good afternoon to you, melissa. it was a short session started around 2:15 p.m. eastern time. just enough time before adjournment for both sides to give opening arguments. the prosecution, kevin wallace, the attorney there, basically started by saying that potential investors, they're worried about risk when it comes to climate change and the future. the impact of the cost of that climate change. he said that exxon had different projections, different models it had. one that it was using internally. one that it was using when it talked to investors to basically make the assets seem a little bit less risky, to see more secure. if that is true that is a violation of the martin act and the new york attorneys general are arguing that is the state's anti-fraud statute and that is what they're going after here.
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ted wells was the partner from paul weiss who gave the address for the defense today. part of his argument said basically these are cash flow projections for the future. these are not projections that impact the bottom line right now. listen. >> those numbers, those cash flow projection sheets to analyze unfunded projects do not impact in any way, shape or form the books and records of the corporation. reporter: and that's going to be a really key distinction. are we talking about how they were selling the company to future investors? are we talking about the bottom line right now? this is a trial that is expected to take about three weeks. these will be some of the questions that will be addressed. court is expected to resume tomorrow morning at 9:30. we'll hear from the first witnesses. but also, all eyes will be on this case next week when former ceo rex tillerson is expected to
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take the stand and answer questions about his role in the process. he was ceo at exxon from 2006 to 2016. also, of course, former secretary of state, guys. melissa: jackie, thank you. connell: we are learning today about new hurdles for facebook. the shares dropping. they were down on the day today, as 47 state attorneys general announced they're investigating the tech giant ahead of mark zuckerberg's testimony which comes our way tomorrow on capitol hill. edward lawrence now with more on all of that. edward? >> connell, the house financial services committee very busy. they released the testimony, the opening statement for mark zuckerberg, the founder of facebook. as you know in that statement he will say this, he will say quote, we faced a lot of issues over the past few years and i'm sure people wish it was anybody but facebook putting this idea forward. still he makes the case china is not holding back and cryptocurrency will be an option going forward in the future. today's hearing about freddie mac and fannie mae for
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the committee, treasury secretary steve mnuchin was asked about the cryptocurrency. he says he has met several times with facebook libra. >> we've told them that we thought that their launch was premature. that they had not addressed fundamental issues around money laundering bsa requirements and other. reporter: the treasury secretary very concerned that terrorists could use this network to fund their operations. also not enough consumer protections. zuckerberg will say in his testimony tomorrow that facebook will not sell the data they get from libra. they will not use the data they get from libra to make decisions about facebook and the company going forward. they will not share the data they get from libra's consumption and whatnot. zuckerberg said this in the past in front of congress. you know how that turned out. melissa: we were chatting about that. edward, thank you. connell: thanks, edward. melissa: leaving americans in
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the dark again. pg&e pg&e warning hundreds of thousands in california they may lose power. one city is rebelling. next the mayor of san jose on his proposal to turn the company into the nation's largest customer-owned utility. connell: lori loughlin may take a little page out of felicity huffman's playbook. the latest information on the defense and the latest charges filed in the college admissions scandal. melissa: nearly doubling presale for avengers, i hope you pot your "star wars" tickets. ♪. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. i am royalty of racing,
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♪ 6. melissa: new frustration with pg&e, the company announcing a possible widespread blackout. the city of san jose is proposing a buyout. we're joined by the city's mayor. he join us on the phone. is this a serious proposal? >> thanks, good to be with you. it will be a serious proposal if many communities jump on board. we're having good conversations with other cities throughout the region. we're the largest city in northern california. it is important if san jose is behind it. melissa: what would change? how would it operate differently? >> the notion of a customer-owned utility is not a new one.
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there are 900 around the country. essentially the customers become equity holders in the utility. ultimately, the board then would reflect the ownership. it doesn't need to change anything about the scope of the company or what it does but, what it does help to do, it enables the company to get better access to capital, much lower cost of capital because it wouldn't be subject to federal taxation. it wouldn't be paying dividend to shareholders. it aligns financial interests with the public interest. melissa: it would be change in management. who would to on the board? what kind of kind of people would you put on there? >> i hate to get too far out in front, i would emphasize the expertise is the most important, the most important characteristic. we need folks who understand the industry. melissa: obviously the people running it understand it and they're still losing money and they're, you know, putting people in the dark. i think some folks would say, you know problem is not enough brush has been cleared.
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at the same time, there is too much capacity trying to run on a grid that needs to be upgraded, on infrastructure that needs to be up graded. what has stopped infrastructure upgrade and what has stopped more brush being cleared? >> you're absolutely right, there needs to be much more investment in the system, in the grid, in maintenance and pg&e over many years has you know maintained, even while it is distributed $2 billion in dividends over period of two years. melissa: that is where the monies went? it gone to pay out distributions? >> yes. and certainly, wasn't thrilled to see this year they announced bonuses. back in june, if i'm not mistaken at a time when the company was bankrupt. there are certainly financial decisions that could be made better, would be better aligned with the public interests. melissa: you're talking about putting it more in the hands of basically government versus, i mean, one of the problems is that it is a monopoly. if there was competition out
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there in some way, you know, maybe they wouldn't be able to pay these, pay out to shareholders and those sort of things, they would have to step up their game. they would have to probably charge more? >> certainly welcome competition but we have what we have. right now it is in bankruptcy court being haggled over. right now with two hedge funds fighting over the carcass. i want to see if there is a better approach. it is not government-managed. it is important to distinguish this from municipal managed. melissa: but it is regulated to the point it is almost a government entity. >> agreed. melissa: the idea it is not free enterprise. >> it is clearly heavily regulated. what i was simply clarifying, the idea of a customer-owned utility, does not mean government has ownership. melissa: yeah. they would still be under the same regulatory burden. do you not think that, i mean, maybe, if there was a way to kind of take the regulation off
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and open it up to more competition and maybe introduce competition through difficult types of power? is there another way to go at this? >> what advantage of a customer owned utility, rate setting is no longer done by the public utilities commission. it is done by the entity itself. so there is some less regulation at the state level, hopefully, as we see particularly with community choice energy programs coming up throughout the state a lot more competition around procurement of power which in san jose, our local community choice energy program is beating pg&e consistently and providing lower energy. melissa: mayor, you have given us a lot of thought. have you tried to partner with anyone else to get this done? how do you get more traction at this point? have you brought in investment advisors, what do you think? >> there is a team led by dan richard, a former utility executive and he has got a team working on this we're talking to other cities throughout northern california and particularly
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their community choice energy programs and i expect in a few days we'll be able to announce we've got a substantial partnership. melissa: thank you, pg&e, for their part they haven't seen the proposal. their facilities are not for sale. they remain focused on sate of customers. keep us positived on your effort, mayor. we want to follow it. >> thank you. have a great day. melissa: thanks. connell: justin trudeau prevailing in the canadian elections despite losing some of his shine. what does it all mean for the passage of the usmca, so-called new nafta? where that deal is at is coming up next. remember a string of suspicious tourist deaths in the dominican republic. the fbi is releasing some answers. ♪ it at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go.
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♪. >> continue to meet, ambassador lighthizer middle easts with senior leading democrats where there is considerable positive momentum for passage of usmca.
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so i think, it could well pass. it could well pass this autumn. connell: larry kudlow sounding optimistic on the usmca and whether it passes. ratification is not a done deal by any means. white house blaming congress on slow walk the deal. it hasn't officially sent it over to the congress yet. to figure out what is going on the state of play, fox news senior capitol hill producer chad pergram. kudlow makes a speech. he says it could pass. what is really going on here? has it slowed down? where are we? >> until last things were kind of cooking along and i started to hear from various sources they hit a roadblock, that things were starting to back slide. i talked to a couple sources i will read the quote, i'm not sure how much the administration wants to pass the usmca. there are not the votes to pass this in the house right now. they were thinking after the two-week recess from
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mid-september to early october, come back to session and get this locked in form and start 30-45 day clock to get it on the house florida to pass it. because that has not happened yet, it is not frozen. people don't know where it is going. you heard chatter about a backstop. connell: which haven't seen a text. why is that? >> trade agreements by their nature are classified. even house speaker nancy pelosi said last week that she was a little frustrated because she didn't get to see all of it. she got certain copies of it, wrote across the topple lows sy so everybody knew it was her copy, they weren't supposed to look at it. when the administration says okay we'll send this up to capitol hill. it has to go back to canada and mexico to be reratified. people are starting to wonder can they get this done in autumn? house majority leader steny hoyer would they amend the house session to keep them in session this year, he said, quote, i don't want to make that judgment now.
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the time will be dictated when we get there. you know what else will dictate when they get it done? impeachment. connell: that does have an impact, right? >> absolutely. connell: has an impact on everything i would think. i was going to ask the politics of that slows it down some more or politically? >> you can see ways to accelerate the trade agreement. democrats really want to get to yes. this is good policy. that way they aren't painted just doing impeachment. they can say we're legislating, tending to economic issues. that is paramount in the mind of nancy pelosi. connell: canada had their own election with justin trudeau. that could maybe play. you mentioned impeachment, shift gears a little bit before we let you go, chad, we may have had a significant development in the impeachment inquiry, i say may, acting ambassador to ukraine bill taylor was up testifying. what do we know if anything about what he actually said and how it changes the game if at
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all? >> he is still behind closed doors. has been there since 9:30 this morning. what we're hearing is that this is more of a pro-democratic witness versus a pro-republican witness. that will be key here. we're starting to get dribs and drabs from his opening statement. the idea that there was this quote, regular channel of diplomacy they were going through and there was a irregular channel of diplomacy. that the is term of art used usn deposition, that the president was going through rudy giuliani and kurt volcker, special envoy to ukraine, trying to get side deals done. i talked to one member, mike quigley, democrat from illinois. a member of the intelligence committee he reminded me of alfred hitchcock close, movies are basically life with the boring parts left out. this testimony we're hearing is the testimony with all the boring parts left out.
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connell: maybe we'll hear more about all that later. thank you as always. chad pergram. melissa. melissa: healthy menu, expanded delivery options working out for chipotle. shares rise after-hours after higher than expected sales growth at comparable stores. look at snap. shares down the company beat expectations for revenue but still reporting an adjusted loss of four cents a share. snapchat daily active users increasing 10% to 210 million. this just in, nike says mark parker steps aside as ceo, and will be replaced by one of the company's current board members, john donahoe. connell: a lot of news after the bell there. changing her tune. new reports are revealing that lori loughlin might take a different legal approach in the college admissions scandal. ah-ha, what could that mean and her possible jail time? melissa: things changed a lot. elizabeth warren is standing by her claim that the so-called
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wealth tax will pay for her growing list of proposals. it won't. we're breaking down numbers, doing the math next. connell: doing math. new "star wars" trailer appearing last night. already breaking all kinds of records. melissa: i got my ticket. did you get your ticket? that's a negative. we'll have details coming next. ♪.
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connell: "fox business alert." european council president donald tusk recommend the european union extend the brexit deadline until january 31st of next year the united kingdom has requested. that adds time to the clock as ashley was talking about earlier in the show to avoid a no-deal brexit. that is just into us. melissa: loughlin's moment of true. she may avoid a trial in her role in the college admissions scandal, instead taking a plea in the wake of fest list at this huffman's plea as prosecutors filed a decisional bribery charge against 11 parents including loughlin. connell: president trump touting economy over and over again as his percentage piece of his campaign. factory office are coming in key states he won in 2016. here to talk about how that might affect things is james freeman from the
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"wall street journal," also a fox contributor. james, always good to see you. pennsylvania is one of the key states and if you look at factory jobs or manufacturing jobs lost in that state, 18,000. as strong as the economy obviously is, see other examples, we know manufacturing is slowing down, what about the political impact? have you started to think about that? >> it could be significant because this is the one area where the president always enjoys, pretty much, in every, average of the polls enjoys an advantage, his handling of the economy. over 50% in "real clear politics" average on that one issue. underwater for most others. that is the argument for his re-election. pennsylvania a little higher than the national unemployment rate, but historically very low. it's a very good job market. we'll find out into next week how fast the overall economy is growing. if the trade disputes bring us down closer to 1% or less next
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few quarters, that makes it a tougher argument. connell: wisconsin and michigan other two to closely watch here. is it all trade? if so, would the president more likely cut some sort of a deal on china? or some of these issues much larger ones? we talk about automation and other things that wouldn't necessarily be fixable if you will by 2020? >> i think trade is a big drag on corporate investment, which cannot only enable new hiring but enable people who work in factories to make more money so they're productive. we have to look at individual company layoffs. a lot of times they're company specific that would apply to the pennsylvania example of factory recently laid off 900 people. but in terms of corporate investment you can tie it to trade. the other big issue, the asterisk we have to put on any of these job discussions you look at surveys of employers. over and over again the big problem last couple years not being able to workers to fill the jobs. some of those numbers when you
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see a decline in hiring in a certain sector, sometimes it is people leaving to do other things. they can't fine people to replace them. connell: that is very true. that is part of the story in manufacturing and probably in pennsylvania. speaking of pennsylvania, from a political standpoint i want to ask you about joe biden. got so much attention, the former vice president in that state. joe biden from scranton. he has an economic policy speech at scranton tomorrow. there is a story that said they held this watch party for the most recent debate, i believe in the philly area, about nobody showed up. two people showed up for the watch party, according to "philadelphia inquirer." you read into something like that. it might make a larger point on enthusiasm. if trump is in trouble a state like pennsylvania is biden to pick up on it? logically would be but doesn't look like he is taking advantage of that. >> reading the biden phenomenon, all these things you measure intensity or enthusiasm, size of
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crowds, fund-raising, he is not doing well. where he continues to do well he is strong in polling. even though he got all the negative attention for his son's business in ukraine. i think most people would say he hasn't had great debate performances, he is, he has maintained his lead. it is really, it is kind of striking when you consider that he doesn't seem to be anybody's real generator of excitement. connell: no. >> maybe commentary on the rest of the candidates in the field. connell: to be fair, some state polls looked solid for elizabeth warren in recent weeks. i don't know how she would do in the states we're talking about, pennsylvania, michigan, wisconsin. she had a pitch, about her wealth tax to voters in iowa. here is what she said about doing the math. take a listen. >> do the math. it is clearly enough. we have made very conservative estimates on the revenue. the money is there. the astonishing part is how much
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wealth is concentrated at the top. it is a statement about how badly broken our economic system is right now. connell: the idea that the wealth tax would pay for all the other programs, i wonder if you have a different calculator at home? how do you look at it? >> not just my opinion. look at a lot of democratic economists like larry summers, she will not raise 2.75 trillion over a decade she claims her wealth tax will. experience of other countries, people find a way to get out or hide their wealth. the big problem of her math, we're waiting on that 30 plus trillion dollar hole. where are taxes that will pay for health care? this latest announcement from her this week, all it clarified was that all of the wealth tax money is going to her education projects. connell: 800 billion or something, right? >> that is the college piece. k-12 piece. there are two other college pieces. so that 30 plus trillion to pay for health care, who else is paying? if it is not coming from the
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wealth tax, that suggests she's moving further down the income ladder. i think a lot of voters are hoping they don't have to wait to find out. connell: she keeps saying she will talk about that, right i suppose but i assume you have looked at some of this. there is no real answer, is there on the payment side? >> obviously answer, part of the obvious answer is the bernie taxes that are part of the plan that she's endorsed but she won't endorse the tax part but those are hitting the middle class. he doesn't have enough taxes in there to pay for the whole plan but that is the obvious conclusion. connell: her opponents know that. she has been asked the question over and over, will middle class taxes go up? she doesn't say yes or no. she doesn't answer. the answer is yes, right? it has to be. >> asking about joe biden, might be why he is in the "real clear politics" average
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after the lead, he is one of the candidate, who is not most articulate way, where is the money coming from? who are you going to tax? connell: buttigieg, klobuchar. thank you, james freeman. >> thanks, connell. melissa: major release of events of the fbi findings on the mysterious american tourist deaths in the dominican republic. what they found might surprise you. ahead of the opening night nba games. hough the league is preparing next. so you can save big. get a no-fee personal loan up to $100k. ♪ ♪ everything your trip needs, for everyone you love. expedia.
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connell: china drawing up a plan to replace the embattled carrie lam as the chief executive in hong kong. the financials times recording that this afternoon. if china's xi xinping goes ahead with the plan, lamb's successor would be replaced in march and cover the remainder of her term. she might be out. melissa: finding no evidence of wrongdoing, fbi releasing test results ruling out tainted alcohol as cause of deaths of three american tourists in the dominican republic. that is backing up claims of local authorities that the series of deaths were from natural causes. but officials say the investigation is still on going. they are testing for two additional toxins. the investigation was launched
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after a number of tourist deaths on the islands, including some who drank from the hotel mini bar before becoming fatally ill. connell: now the cease-fire, it is over, the truce between turkey and syria expiring in the last hour. to jennifer griffin live at the pentagon with the very latest on the region. jennifer. reporter: connell as soon as the convoy of roughly 100 american military vehicles with u.s. troops retreating syria crossed the border into iraq the iraqi military said they were not welcome. the u.s. hoped to reposition in iraq to monitor isis. mark esper who was in the region was asked by reporters if u.s. troops will be deployed to deploy countries that pay for the cost of them being there, like saudi arabia. >> we're not mercenary force. mercenary forces do things for pay. the aim isn't to stay in iraq i am termably, the aim is to pull soldiers out to get them back home.
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reporter: u.s. troops might stay at two bases in syria to watch the oil fields and prevent iran from filling a vacuum left by u.s. withdrawal. >> we'll reposition as they come out of northeast syria into iraq. eventually the destination is home. we have to pull them out deliberately out of northeast syria. we have to make preparations to go home from there. i will have that discussion tomorrow with the iraqi defense minister. reporter: 120 hour cease-fire gave u.s. forces cover while they withdrew across the border to iraq so they weren't pulling out under fire. president erdogan of turkey and russian president vladmir putin met for six hours sochi, russia. they announced turkey soldiers and russian soldiers will have joint patrols along syrian border. the same border u.s. troops were patrolling with the turks two weeks ago before turkey reneged on that agreement. turkey was a partner with nato.
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turkey partnered with russian troops, forcing u.s. troops to retreat from syria. connell: jennifer griffin live from the pentagon. melissa: opening night for the nba. the league is bracing for protests. organizers for the hong kong protest movement are organizing ahead of games in los angeles. let's get insight from david asman. what do you think will happen here? >> i think there will be a lot of protests. u.s. companies and the nba is first among them, have been turning a blind eye what the communist chinese, the way they run their huge country of over a billion people for a long time. so have u.s. administrations. wasn't until the trump administration began to finally peel off layers of diplomacy and reveal the ugly underside of what chinese communism is all about. but now, that you have somebody like president xi in who is harder than his predecessor or immediate predecessors, the hypocrisy is pretty hard to
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disguise. i think eventually these protests will demand some kind of a statement, by the nba, in which they pull back from kowtowing to the chinese. i think it is going to happen. so i think these protests may end up with some action by the nba. melissa: does seem like it is not going away. what do you have coming up on the fantastic show in last few minutes. >> interesting we're talking about china. we have peter navarro, is one of the president's top negotiators, top advisors with regard to all matters of trade but particularly on the chinese trade deal. he will also talk about the usmca though. we still have questions about whether nancy pelosi can run an investigation into president trump and pass something meaningful like the usmca at same time. i wonder whether she can do it. we'll ask peter navarro about that. melissa: catch david asman 5:00 p.m. on fox business. connell: the end of an era. the final trailer for the new "star wars" movie is here. it is already outselling one of the highest grossing films in
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history, already. plus one major pizza change is getting in on the meatless trend. melissa: i don't know about this. ♪. future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. performance comes in lots of flavors. ♪ (dramatic orchestra) there's the amped-up, over-tuned, feeding-frenzy-of sheet-metal-kind. and then there's performance that just leaves you feeling better as a result. that's the kind lincoln's about. ♪ colon cancer screening for people 50 and older at average risk.
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because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. >> star wars lovers rejoice the rise of skywalker does not hit theaters until december but already breaking records selling 45% more to get then adventures and game and its opening hours of the presell. this is according to u.s. ticket site, joining asses dairy in a fox news contributor and isn't he a star wars lover. >> yes we are. >> did you get your ticket check? >> not yet but not to worry. >> i have two sets myself. do you think this will blow the doors off expectations.
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expectations are always here's for huge. >> 35% higher for adventures and game the movie worldwide at 2.9 billion and the biggest star wars movie ever was 2015 "the force awakens" was only 2 billion. already doing big numbers and at the end of the skywalker a few years from now. ethic this will be big stuff come holiday and i gathered visit to disney is quite happy. >> star wars the last jedi and star wars were one fighting and out. the meatless mania, pizza hut is going incognito. they are testing out around high with plant-based sausage.
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>> i would say stop already. everything is going to be plant-based. in a year or two they will tell us that plant-based everything is not good for us. i still remember them telling us maraschino cherries were bad with us with red dye. they are selling well just be careful that meat stuck his gun 250 down to 100 because evaluation. there will be a market for this for how much i don't know. >> i doubt it. i think we already know it's not great force. >> not for me. >> the meatless meat -- >> jeff bezos aerospace company blue origin is teaming up to build a vehicle capable of bringing americans back to the moon by 2024. what do you think of the partnership? >> they were trying to do this by themselves but when they
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realized 2024 is right around the corner, originally it was going to be 2028. they had to get together with somebody else and they were the competitors getting together with. i saw my doubts whether they could get this done by 2024 but there's nothing better than going to the stars and moon and let's hope this works out very well. i think it's a partnership, a great, great company and they know their stuff. >> jeff bezos is so smart with the businesses he gets into. i did interview with him years ago and he said everybody would read books off at you readers and i laughed and laughed. i guess that's why i'm not an intervener. giving him a space race, what do you think this has to do with. this he went to control the power by which you can launch satellites? what's the business play. >> i think he likes moving forward. he puts 1 foot after the other. the competition whether it's virgin or other people to get into space and it's something he
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wants to do whether or not a big business behind it beats the heck out of me. they keep talking about sending people to the moon, i'm not sure sure about that. i don't know how big that market will be. i gotta tell you too many times people have said and look what amazon has done. they made fun of him because he laughed funny back in the early 2000. nobody is laughing at this guy anymore. >> we have not made fun of his life in a long time. what does this mean for. jaime: ? >> there is going to be tremendous competition going forward and i think everybody is going to be involved to certain extent. spacex sending up satellite and whether they get as far as the moon and the mars, that's another story. i don't think there can be too many people selling the same product because there'll be spend a man for something like
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this. >> thank you my friend, avoid that meat. [laughter] don't have the meatless pizza. are you going to try questioning. >> no. i said in the beginning i would try the meatless burger but i still not done it. i don't have a reason, the only reason i would try is to see how it is a people tell me it taste good but in fine for the regular burger. >> what drives me crazy is it is not healthier. and it has more sodium, tons of carbs, it does not have the meat but it's like eating a giant potato. i like potatoes but -- don't say anything negative about potatoes. >> i don't understand and they say 95% of the people that try it are meat eaters so it was just about the animal then they can't eat meat anyway. >> you mentioned nike ceo, that
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is interesting and leads into what you're talking about with the nba. this story is not over with the whole hong kong. there will be a lot of protest. different interesting. >> that doesn't press. as always "bulls & bears" starts right now. >> the clock is ticking for congress to agree on a new north american trade deal. the president lasting speaker nancy pelosi taking too long to bring into a boat. white house trade advisor peter navarro says if it does not get done this month it may not happen at all. we will ask mr. navarro where thanks dan when he joins us from the white house. first this. [shouting] protest outside of manhattan courthouse where exxon is on trial. the world's largest publicly traded oil and gas

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