tv After the Bell FOX Business October 29, 2019 4:00pm-5:00pm EDT
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market happen. liz: jordan kimmel. good friend of the show. thank you so much. [closing bell rings] green not on the screen for the dow and nasdaq. guess what, russell is closing up five points. that will do it for the "claman countdown". cheryl: we'll take it, liz. all three averages ending as investors digest another round of earnings ahead of a big day for your money. the dow ending down by 20 points. after a volatile day of gains and losses. i'm cheryl casone in for melissa francis day, i'm connell mcshane. s&p falls just shy of a record. cheryl: apple's earnings report
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comes out tomorrow. again motors revealing the four-day strike will cost them $3 billion, closing up 4%. connell: fox business team coverage. our top stories, edward lawrence live at the white house. gerri willis on the floor of the new york stock exchange and grady trimble on capitol hill. that is where boeing's ceo has been facing tough questions from lawmakers. gerri, on the markets. first to you. reporter: start on the news. j&j shares were halted for trading. mysterious what was going on. we found out what was owing -- going on. the company tested baby powder, two skip separate companies tested their baby powder. two previous bottles tested found no asbestos. closed at 129.12.
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it closed and did not reopen for the stock market. there were maybe a dozen traders standing over there waiting to find out what was going on with j&j. they got their answer. should be good news for the stock tomorrow. additionally, 60 tested recall lots, conducted by two third party labs finding no asbestos. 129.12 was finishing price at 3:34. we'll see what happens tomorrow morning. the dow finishing down 19 point today, turning negative in the final moments here, about 1% away from the all-time highs. the s&p 500 down 2.55. we had been expecting the to possibly s&p 500 would set a new high. it did not. all right. let's talk about individual earnings report. that is the thing all the traders are focused on. we had merck and pfizer today, strong results in health care
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continuing. and s&p 500 winners, lam, klh, chipotle, advanced micro devices. lots of chip companies there and i will send it back to you. connell: gerri, covering a lot of ground. in the hot seat, boeing ceo dennis muilenberg testifying before the senate transportation committee a year to the day after two fatal crashes involving the boeing 737 max. grady trimble live on capitol hill with the latest. reporter: lawmakers grilled muilenberg for two half hours questioning whether boeing was a little too cozy with faa regulators as many critics said. they questioned whether boeing put profits over safety in a rush to get the 737 max certified that was involved in two crashes t has been grounded since the second one in march. muilenberg admitted the company made mistakes. there was a problem with the flight control system largely to blame in both those crashes. families of the victims, they
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looked on here in the hearing room, holding photos of loved ones. they're not satisfied with muilenberg's answers or his apology today. >> i don't care for mr. muilenberg's remarks. i don't know what he feels inside. i get my solace from my friends and family, not from the people who caused the death of my sister. >> these loved ones never had a chance. they were in flying coffins. >> i would walk before i get on a 737 max. reporter: muilenberg told lawmakers that the 737 max is getting in final stages of getting recertified. it has to do a critical faa certification flight. as one lawmaker put it, as you heard, i would walk as opposed to getting back in one of the planes. family members, connell, have some reservations. boeing will have convince the public it is safe to get back on the plane. connell: grady trimble on cap capitol hill. cheryl: here is react, aviation
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expert, kathleen banks. a flying coffin, that is one of the things we heard. that is extreme statement from member of congress. one person from fox business said in the last hour this could be a criminal act what boeing has done, how they handled this plane. what did you say? >> i heard former ntsb chairman jim hall's thoughts today. i have to say i agree with him. it got pretty dramatic today. it was expected, held on the one-year anniversary of the lion air crash with family members present sitting behind ceo muilenberg from boeing and his chief engineer hamilton. very dramatic scenario, what everybody wanted to know, people in the industry were waiting to hear, would they answer the question, and the question really was not were they culpable. they have admitted that, but where did things go wrong? where was mcas in the company? did they decide to let it go off a single sensor point of failure? who were the people in the chain
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of command. none of that was answered today. we got very, very few specifics. i hope we get more specifics tomorrow when they're in front of the house. cheryl: kathleen i talked to pilots who fly the max, who did fly the max when it was in the air. they do really fault the mcas system. the fact that boeing put that system in, software up grade. they had to do it because the way they redesigned the engines and the wings of the max. they didn't really educate pilots or really give a head's up, talking about southwest, american, in particular, that the system was even in place. that to me seems a big fault on boeing and the faa to be fair? >> well, that is the part that goes beyond the pale. even brazilian regulators, they were keen enough, they saw the mcas system and had their pilots understand it. pilots i spoke to in the industry were disappointed by today's presentation. they will have to be ones that
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determine the airplane is safe. they have to convince passengers and airlines to operate it. i feel they think that boeing can make this happen but who is the leadership we want to take us into the next decade with boeing, fixing this max problem? has muilenberg really earned the respect and the trust right now and the confidence of the flying public and of the regulators to actually move forward and get this max air born? back in march after the second crash, they said it would be a matter of weeks. here we are six, seven months later, looking right now, according to southwest airlines and american airlines, they don't have any plans to possibly have the maxfliing once it gets approved even before february. there is still a lot to be answered. i think today's performance was a little lackluster and defensive. i applaud ted cruz, chair of aviation subcommittee, for taking him on with tough questions specially internal memos between technical and
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pilots. cheryl: not a lot of time left. in your expert condition should boeing ditch the 737 max? the boeing 737-800 never had problems. should they get rid of that plane? >> this is too late to do. this is what they developed and thousands of orders now, they need to fix what was wrong. it's a little late in the game, to scrap the program and start from scratch. cheryl: kathleen. great commentary. thanks for joining us. really appreciate it. connell: preparing to take it public. in the last hour house democrats unveiled the text of the resolution that outlines essentially the impeachment inquiry already underway. to fox business's edward lawrence at the white house with the latest on that. edward? reporter: connell, i have the text right here. this is the resolution and in this resolution it allows president donald trump to participate in the proceedings as well as the president's counsel to participate in the proceedings. now also today the big four committees on capitol hill, we're talking about
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intelligence, judiciary, foreign affairs and oversight on the house side, say they will open impeachment inquiries related to this, but also, looking at a vote for about thursday, about this resolution. that vote will put democrats on record. voters will have names who supports this impeachment process going forward. here at the white house the president also looking forward to saying that the phase one deal with china is maybe ahead of schedule getting on paper, finalized in two weeks, before the apex summit. some reporting says he wants to sign it at the summit. other reporting saying it will be signed after. my sources are telling me the white house is a little bit shy about saying a date because of what happened last may, when the president or when the u.s. thought they had a deal related to china, this trade deal. then the chinese deleted everything, all the concessions that were in the deal, sort of walked away from it. that is when things broke down. white house advisor jared
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kushner speaking in saudi arabia says this, quote, we have come to an understanding with china on where we want to head, adding that the u.s. has an honest dialogue with the chinese. they saw president donald trump was serious. the chinese today saying that they're making moves on that front. they will protect intellectual property, tripling damages for companies on the intellectual property. also adding more avenues for dispute resolution as well as speeding up the process to get patents and trademarks. on capitol hill republicans are blaming democrats for hindering the president in the trade negotiating process. >> in a few days from now we'll finish the talks with china, number three trader. would we not be stronger in those negotiations if we had the usmca done? the only person that is holding that up is the speaker. reporter: now no vote has been made or no vote has been scheduled on usmca ratification.
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republicans are blaming democrats for being too focused on the impeachment and the resolution right here, rather than trying to get usmca passed. back to you. connell: edward lawrence with the news live from the north lawn. cheryl: we have breaking news from fox business. we're learning that the uk parliament rejected an amendment to boris johnson's early election bill that would set the date of the next british election to monday, december 9th, instead of thursday december 12th. there is debate that johnson prefers. that is back and forth to those meaningful following brexit. a key part of the prime minister's strategy to get brexit in the finish line. lawmakers are voting on the main motion of holding a snap election on december 12th. we'll get that breaking news to you. connell: now it is about a date, not whether there is an election. cheryl: it matters in the weeds of election. connell: a shift in the game, ncaa taking steps to allow college athletes to profit from
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their names. critics warning of legal hurdles ahead. are they right? we'll talk to the judge, judge andrew napolitano, fox news senior judicial analyst later in the hour. cheryl: uncertainty on voicing s about the upcoming race. why the political doubts are justified. ja of "the wall street journal" will weigh in next. connell: speaking of 2020 policies. why funding a not be mathematically possible. that's ahead. daughter ok?" that's where i felt relief. we're the rivera family and we plan to be with usaa for life. see how much you can save with usaa insurance. colon cancer screening for people 50 and older see how much you can save at average risk. i took your advice and asked my doctor to order cologuard, that noninvasive colon cancer screening test. the delivery guy just dropped it off.
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connell: some 2020 concerns developing on both sides of the aisle. here are headlines that we saw today, kind of competing headlines. from bloomberg, a report of a possible third or fourth place finish for joe biden in iowa. humiliating it would be, they say. "axios" are worried about a complete wipe out in 2020. a nightmare scenario where they would lose congress, senate and white house. we'll look at biden first. we'll spend time on republicans are saying what you're hearing from them. how important, the biden argument i think has been, just let me make it to south carolina, i will be okay. but if he finishes behind warren and mayor pete or somebody else in iowa, how much trouble is he
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really in? >> certain candidates over the years, remember rudy giuliani when he ran for president, when they develop a strategy that is hinging on success after the first round of -- connell: that was a little crazy. mr. giuliani is waiting in florida. >> maybe that is unfair to joe biden here but the point a strategy premised on, i'm going to lose early rounds and come back later, tends to be extremely difficult to pull off because obviously the winners in iowa, then new hampshire, you had a lot of attention. they get a lot of people tuning in at that point. interested in the message. a lot of momentum, fund-raising, excitement, et cetera. connell: right. >> generally is concerns, with biden, metrics, enthusiasm, funding, fund-raising, he seems to be underperforming.
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while he is behind in new hampshire and iowa in polls, nationally he is still a democratic front-runner. connell: yes. >> i would say in the debates while he is delivering maybe less than optimal he raised questions that his opponents haven't been able to answer yet, how will you pay for entirely government-run health care, and how will you kick all the peel off private insurance? connell: you made that point last week about the polling. for all the stories about biden in trouble, even iowa not polling horribly. we'll see if the two ever catch up or he keeps the lead despite all issues. on republican side, "axios" story says privately at least, i don't know if you're seeing same thing, republicans are starting to think about a complete wipeout that they would lose the white house they don't and lose senate. senate seems like a stretch. what do you think? >> i think, sometimes people look at house retirements by
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some gop congressman, they think this is sort of forecast of doom for the party. it may be that they just don't see republicans gaining majority in the house next year, not that they think there is necessarily going to be a flood that takes out the senate majority too. i think a lot of it, as we've been discussing, depends on who the front-runner is, what that package of issues is. for example, as we look at the senate, republicans hold a three-seat majority. one of the big targets for democrats is arizona. you look at emerson poll, arizonans are not big on impeachment, they're not big on entirely government-run health care. so if the democratic strategy to pick up states that, that may have gone another way in the last round, if the message from the person at the top of the ticket, if it's a sanders or warren, they have that more extreme message, i think that task becomes very hard. connell: that is argument for joe biden. >> yeah it is. connell: interesting. the presidential polling do you think it matters yet or do we
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have to wait for a true head-to-head matchup, not a hypothetical scene as pollsters do if trump versus biden or trump versus warren? does it have to be true head-to-head before they matter? >> trump breaks the rules in terms of polling. when he won in 2016 he was not particularly popular with people. he was deemed better than the alternative. i think that is the situation we're coming into again where his polls, for normal politician are not that good. he had worse during his presidency. they're a little worse now than a few months ago, but it really comes down to the opponent and defining that opponent. i think for that reason you see a lot of, certainly investors thinking he probably gets reelected because it looks like the alternative will be someone sort of posing a huge challenge to markets in general, not just trump policies. connell: that is one way of putting it, a huge challenge to markets. that is what thinking has been certainly about senator warren.
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james we'll keep talking about it. thanks as always. chairman. cheryl: speaking of markets, a "fox business alert." it is a doozy, folks. mattel, the stock is up more than 17% after-hours. surprise quarterly revenue on demand for barbie dolls as well as launch of a line of dolls based on a korean pop band. analysts were expecting to drop that the would freeze runup to frozen two. they announce the ceo would be resigning a audit completing and there was little bit after income tax issue in 2017. cfo will leave the premise the next six months. that has investors seemingly excited. connell: look at that. 18%. meantime the wildfires, boy they continue to rage out in california. the governor declared a state of emergency. we're on the ground there with the latest. that is coming up through the hour. a raging fire in a suburban,
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cheryl: "fox business alert" for you. johnson & johnson shares just resumed trading in the after-hours session. the company did reveal within the last hour new tests found no asbestos in fda-tested baby powder. shares were halted in the last few minutes of trade. shares are up almost 4%. connell: now this, a cessna 414 crashing into a home in suburban new jersey, caused a fire that spread to an adjacent house and residential neighborhood in wood bridge, 30 miles southwest of new york city. the home was hit by, that was hit by the plane was unoccupied at the time. one woman next door escaping with, just minor injuries. i believe the pilot was killed. one woman next door. minor injuries. cheryl: frightening.
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preparing to strike back. amazon is considering options after the pentagon awarded a 10 million-dollar contract to microsoft -- 10 billion-dollar contract. hillary vaughn is here with the latest. reporter: a tell-all book from former james mattis's communications director claims that mattis said the president said screw amazon over the contract that was awarded to microsoft. the pentagon pick is under scrutiny. the new chief information officer nominee was here on capitol hill having to convince senate lawmakers that the pentagon was not politically pressured by the president to pick microsoft instead of amazon >> i feel very confident that at no time were team members that actually took the source election were influenced with any external, including the
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white house. >> the final decision by those panels was to award the contract to microsoft? >> yes it was. >> thank you. reporter: but the decision is not sitting well with amazon who accuses the dod of essentially accepting a worse offer, i guess dismissing a better offer, saying this in a statement, quote, we're surprised by the conclusion. amazon web services is a clear leader in cloud come computing and a detailed assessment purely on the comparative offerings, clearly leads to a different conclusion. amazon is trying to decide to bill up a lawyers to challenge the dod decision but seems like, chairman, there are some allies on capitol hill who might have their back or support to challenge this decision. cheryl? cheryl: billion dollar decision it was. hillary, thank you very much. connell: more brexit related news on fox news alert. uk lawmakers voted overwhelmingly to send people of
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the great britain back to the polls. they sate the election. thursday, december 12th. that will be the next parliamentary election. the vote to call that was 438-20. now it has to go over from the house of commons to the house of lords to officially be signed off. you were talking earlier share about the date. that is holdup. here we go. cheryl: this is victory for boris johnson we should say. we'll see if there is wider victory in the election. we'll see. >> a lot more coming up. playing ball. the ncaa taking action to respond to efforts let college athletes to make money off their fame. will it be enough? that is up next. connell: one texas school not hesitating to put money in students hands. southern methodist university has a unique approach to teaching financial principles. we'll talk about later in the hour. cheryl: is there any amount of money that can make "medicare for all" work? we'll break down the numbers
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is this the last step or one step in the process? >> this is the last step. they probably see the wave, new jersey is on the verge of doing this as well, the wave of state legislatures shockingly moving in the direction of free-market capitalism as opposed to regulation. this will of course preempt any of the state legislatures from interfering with it because the ncaa is voluntary organization to which the colleges voluntarily belong, from which they voluntarily earn a lot of money when their teams win and the rules are not violative of public policy. it has been a custom, tradition and culture that college students do not earn money from the use of their names. it has not been a statute. connell: it could be, could have been a messy situation, right? if a college athlete say, ucla, technically by state law, allowed to make money through endorsements, whatever the case may be, travel to you pick the state to michigan or somewhere
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to play. that would be messy. this will clear it all up, right? >> would have resolved a federal judge, probably an appellate court to resolve all of this. but that need to resolve it is now moot. the california fair, started a trend i don't think anybody could have brought us to where we are today. connell: yeah. >> but we'll soon see this happen. i don't know when it kicks in. i doubt it kicks in now with football season. connell: the california law was supposed to be a 2023. this is regulation from a body, governing body, i don't know. it is interesting, changing economics big time. >> changes ratedally. changes the concept. you ever hear this word anymore, connell, amateur sport? connell: used to be what they did in the olympics. >> right. [laughter] connell: that is serious subject. i shouldn't say that. this is more so. i want to talk about what is happening in washington with the house democrats unveiling the text of the resolution which
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outlines the impeachment inquiry which edward lawrence reported on earlier. >> right. connell: first house vote thursday. first white house testifying in the investigation, national security council lieutenant deputy for affairs, how important is that? he get there is, supposedly tells lawmakers, you know what? he had concerns about the phone call and raised those concerns, right? >> depends on who was with him when he raised the concerns and how that person testified. there are allegations, as you may know that ambassador sondland's testimony profoundly contradicts others. are they both telling the truth? do they have defective memories or is one shading the testimony? the testimony today is significant not because it provides anything new. as far as i understand it. we're just hearing little snippets of it. it is still secret theoretically. it is new because the first active white house employee to defy the order of the president and mick mulvaney and to accept
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the subpoena and go and testify. we'll see if that breaks the dam and others do the same. connell: this resolution, real quick, judge, does that affect a timetable impeachmentwise? >> i don't think it will affect the timetable. connell: more witnesses from the minority? >> more witnesses from the minority. will be interesting to see who they are. if one of them has the initials d.j. t. i doubt it. i don't think he will come over there for this. connell: i hadn't even thought about that one. >> you could sell tickets for that. connell: well good to talk to you. we'll follow it all. a pleasure. cheryl: delta developing a new terminal at laguardia airport. the delta ceo ringing the closing bell at new york stock exchange at the top of the hour. he spoke with our own gerri willis moments ago about the ongoing troubles with boeing. gerri? >> i spoke with ed bashen
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investing 3.3 billion in laguardia. new terminal for delta there. part of a bigger plan to improve airports across ti also spoke ts contentious grilling of the boeing ceo muilenberg in front of congress today. here is what he had to say. >> first of all, we have the ultimate confidence that boeing will figure it out. we're rooting for them to get it figured out, even though we don't fly the marks, this is not good for anybody to have our industry discussed in such negative light but fundamentally they have to prove the safety of airplanes to the faa, to regulators around the world. they will have to spend a lot of time, i know getting consumers confidence back as well as employees confidence back but they will get there. i'm optimistic in that regard. i have no idea when. that is probably one of the other issues. seems like every time you turn around there is another story or another delay. i think the impatience that everyone is expressing today is also some of that frustration.
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reporter: cheryl, the ceo telling me that of course delta has none of these airplanes. they don't have 737 max jets. clearly it's a concern for the larger industry as well. back to you. cheryl: it is safe to go to laguardia now in some regard, gerri. just want you to know. reporter: big improvement. he is spending a lot of money there, lax, seattle. interesting program. cheryl: it really is. gerri willis. connell: anything is an improvement at laguardia. stay tuned for this. we go inside of an isis prison camp with benjamin hall speaking with women and children detained. it's a some week of reporting for benjamin. you don't want to miss this. wildfires blazing through southern california forcing hundreds of thousands of homes and businesses to evacuate. why authorities are warning the whole situation could get worse across the entire state tonight.
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thousands of isis families, women, children are being held by kurdish forces and creating their own mini state. many say it's a ticking time bomb. inside isis's female morality operate. they have secret religious courts. they murder those who break their laws. they mutilate some of the bodieses. sleeper cells have slipped into the camp smuggle things into them, guns, grenade, isis flags, money. a 65,000-dollar shipment was intercepted. it is a country to itself. 71,000 people are in the camp. we can't go any further because it is not safe. guards have no control inside. they have a little caliphate. we hear people shouting at us in english inside. they are not speaking to us. they're accusing us being liars. they are throwing stones. this international section of the camp. they come pro all over the world. if you come to talk to us. we can tell your story. want to hear what it is like
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inner. >> nobody wants to talk with you. you're all liars. >> baghdadi was killed during an american raid. there seems to be one leader among them, telling others not to speak to us. they turn their backs. they are gathering together. they don't want to speak. one thing that could make this worse increased fighting instability. while the latest cease-fire on the ground between turkey and syria came to an end 11:00 today, without any huge fanfare, there have been repeated violations over the last week. the situation is hanging by a thread. even though isis leader abu bakr al-baghdadi is now dead and the territorial caliphate gone his ideas live on in this camp. many people fear it could be where the isis resurgence comes from. in northern syria, benjamin hall. fox news. connell: thank you, benjamin. cheryl: yeah. back here at home california is in flames.
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shocking new tooage of the dangerous conditions firefighters facing on the ground. heading into the flails of largest wildfire burning in the state, dodging embers down a dark, narrow road. they are warning of worsening conditions that will likely go into the night probably. robert gray is los angeles south. robert, tell us about conditions there. reporter: hey, cheryl. that's right. you can see the fire department, firefighters already getting prepared for tonight. residents in southern california from los angeles to san diego, bracing for high winds and what fire officials are calling extremely critical fire conditions. now you can see the remains of this home here in the brentwood neighborhood of los angeles as the getty fire yesterday, raced several miles east, moving west, rather, fueled by high winds. that is what they're anticipating happening again tonight. concerns about that. these santa ana winds will spread embers and expand the
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fire zone perhaps as couple miles to the west, all the way to the pacific ocean. high winds are expected to pick up tonight all the way through midday thursday. this neighborhood remains evacuated. 20,000 people on the west side of l.a. are evacuated. power has been cut. meanwhile in northern california, million 1/2 people are expected to be without power as kincade fire rages on. high winds are kicking up. they had winds in 90 mile-an-hour range kicking up lots of damage. they are turning lives upside down there. grinding them to a halt. tourism and wine industry fuel the economy there. that 13 billion-dollar business grinding essentially to a halt as folks managed to get most of the grapes in, cheryl. obviously they're unable to continue making wind from this point on, even with generators. they had to evacuate. we'll have to wait to see how it pans out with the weather and brave firefighters doing a tremendous job. cheryl: they really are, robert
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gray. pg&e is in middle of this. i want to bring in fox business's david asman. there is plenty of blame to go around where we are at right now in california. >> guess who is pointing his finger at pg&e? that is the governor himself. governor newsom said about dog-eat-dog capitalism, about corporate greed, climate change, decades of mismanagement, talking about pg&e, who took a lot of money from pg&e, that's right, governor newsom. for his 2018 campaign, he took $58,400 from pg&e directly. one of his pacs, the political action committees that worked on his behalf in getting elected took 150,000. if you're counting, that is $208,000 for the governor, from pg&e. so the company that he is pointing the finger at, is the company that he was getting payola from, leading into his election as governor.
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so much hypocrisy here. yes, pg&e, some of the sparks from their facilities did cause some of these fires. that is terrible. but a lot of it is because the equipment hasn't been upgraded because they have been spending billions of dollars what the governor wants them to spend money on, all of the green projects. if i was the governor i wouldn't point his finger at anybody except himself. cheryl: mandates from the state since 2015 against pg&e. you have to spend money for solar panels. rebates for solar rooftop construction. wind energy. >> then to blame capitalism. it is political interference has a lot to do with problems there. it is again the height of hypocrisy. cheryl: it is. what is the latest on bulls and bears? >> what you call it in the move towards impeachment. democrats coming out with whole book of rules. the question whether it is real what they're suggesting now.
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congressman mike rogers. chairman of select committee on intelligence. he knows about the rules. he will be on to talk with us. curtis ellis will tell us what is happening with the latest on the trade talks with china. cheryl: david asman. i don't see him enough anymore. i'm on too early. >> good to see you as well. connell: life after graduation, how one university is teaching the students about the value of investing. doing it with real money. that is coming up next. running on impossible promises. new report out shows funding for "medicare for all" simply does not add up. ♪. r. and that can lower your cost now that you know the truth... are you in good hands?
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i'm working to treat every car like i treat mine. adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what he's working for. connell: to could young and invested, southern methodist university, smu, in texas gives opportunities 10 million, real money from the school's en you endowment fund to buy real
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stocks. >> you give 10 million to a group of how many? some about 35 in our under grad class they work with a lot of ammunition they are real dollars, they have been deef eny key donors. >> the cl class is about teachig students to investment and buy. >> why we're bullish on american airlines. >> using real money, it is very exciting. reporter: this started in 19 sphoor72this class goes to 2014. i said why not add the under grads. >> it does not fund your salary.
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>> it does not. reporter: anyone's. >> one of our endowed chairs. >> doing thousands of mock interviews for our students, so they are prepared. >> if a company hires one school graduate they will be back for cheryl: thank you. to our fox contributors, gary kaltbaum, would you follow stock recommend decision from a college student at smu . >> heck yeah, i love this real world applications for students, this the be good for resume as they go to real world, they will learn about companies and corporations, and they will realize the companies are actually good people. and do good things, not corrupt like the bernie sanders of the world, keep telling everyone. i love this i wish more colleges would do it. >> i do too, interesting because
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if you look at the choices they make, they could go after companies they understand and know that could be the new technology of the future. >> i have to back up, i think this is a great idea in years who market has been going up. as it has. if you a donor and the kids threw your money away on terrible bets, i think you would feel differently, i am almost all colleges and economic finance department have a virtual portfolio game, where you are investing virtual dollars, i think that is just a good of way of tracking it, i will be the party pooper here. cheryl: i know. >> boohoo. >> i know, i know, you can learn now with virtual portfolios. cheryl: true all right negative nelly, i'm rooting for the kids, they are dar adorable. >> absolutely. cheryl: something different,
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real money, bernie sanders, elizabeth warren they have been running to medicare for all, a new watch dog report is a says there no way you can fund that program. >> usually i'm full of sarcasm when i talk of socialists, i don't have any. the big conthey tell us it will just cost 30 trillion, when has government been on the number when they tell us something will cost, it will be more like 50 trillion, you can tax every bit of earnings at 100%, we still will not have enough to pay for this pay fore from education and climate change this and under el else under the sun, there is a reason bernie sanders refused to specifically answer how much it costs. cheryl: you have kids who say they love socialism and communism, they go for bernie sanders and elizabeth warren they will bankrupt their 401(k)s. >> i was working on this study
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today, eposes the fact medicare for all is a big shifting of income from wealth yeaier peoplo less wealthy, but middle class really get pinned on this the numbers will be stark. you double more than double taxes. for anyone earning over 200,000 and doubling corporate taxes, you only raise 11 tril i don't know over 10 years, the number are stark, no surprise why bernie has backed upcoming off with an answer, so has elizabeth warren there is no answer. cheryl: liz peek, gary kaltbaum thank you so much. >> perfect time. connell: to tell you with lauren and shir cheryl in 12 hours fro, you should be watching two of
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them, that is how we start our day. >> thank you cheryl. >> thank you. >> "bulls and bears" starts right now. >> are you satisfied with the policy. >> no. i am it is too late apology, it gone. long time ago. >> crocodile tears, she would have been here seeking justice, her life was snuffed out by greed. david: family member of boeing crash victims sounding off after company ceo made his first appearance before congress since the two facilitial crashes. grounded the 737 max jetliner and killed nearly 300 people. joining
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