tv Bulls Bears FOX Business October 29, 2019 5:00pm-6:00pm EDT
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you should be watching two of 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 me today. boeing ceo dennis muilenberg
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faces harsh criticism today, let's head to grady who has been covering this for us, powerful words from the people. reporter: criticism from not only lawmakers, but family members as well, muilenberg made it appoint to apoll jiedvise tom right at the beginning, the family members say that was not enough, and his answers were not enough, lawmakers were asking questions as family members held photos of loved one they lost in the crashes. questions and accusations about boeing's relationship withs faa and whether it was too cozy with people who regulate the planes they make. and whether they were working and rushing to get the plane in the air, put profit over safety, muilenberg did admit to mistakes on the way. he said there was a problem with
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the system. and family members of the victims say he did not enough to take ownership. bring up senator ted cruz, he pointed out two text-messages 29 two pilots. muilenberg said he did not know the details of the messages until the past few weeks. >> how in the hell did nobody bring this to your attention? and how did your people not put it in front of you, run in with their hair on fire. saying we got to real problem here? reporter: boeing has been working to get that 737 max in the air, ceo saying it is in final stains of getting recertified it has to do a critical test flight with the faa . he would sooner walk than get back on that plane, the question
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is whether public, flying public. will have confidence to get on one of those. david: very quickly, grady, to give muilenberg his due, after ted cruz asked him why didn't you do something, it seemed he was nodding in agreement with ted cruz. >> right, he was agreeing to an extent, he denied full responsibility for the crashes, that is what family members wanted to hear today. david: they did not. grady thank you. >> panel, big question here, do we need more regulation? is that what would solve this problem? >> first a tremendous sympathy for all of the victims. but you have to put the terrible crashing in some contact, air travel is safe, safer than driving, safer than walking down the street, safe because of companies like boeing, investigators found that boeing was at fault, but also the faa . the if itthey didn't follow thn
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rules, they are those who certified planes, they are ones that will get increases in budget. this show was another excuse for republicans and democrat to blame big businesslike it was toyota in 2010, or banks in 2008, it is hate for profit budgets, because government official hate the one people who are less popular than they, who are the ceo. >> human face in tragedies want to blame someone, i understand that. i have immense sympathy, this is so many facets going on with this. including airbus and boeing, boeing has been pilot centric, place a lot of autonomy and skill in pilots of hands, airbus said they will automate almost
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anything we can to remove human error. unfortunately as siv of more gl, the experience required are not always lining up, i don't think there is any regulation that anyone proposed. i am not an expert in this i do know something about it, this would have prevented if, other than if we did x this would cease. >> i think that -- >> jimthat -->> go ahead. >> i think when you deal with technology, unfortunately you see these issues more and more often, often times it is a mistake. not out of rush or greed. technology is complicated, but at the end of the day boeing has to satisfy the flying public. as someone flies often, i am a little bit hesitant to get on a
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plain like that or next plane that comes out, i think they need to come up with something that will show they are address nothing procedure better than they have, i'm not certain it a regulation but they need to say something. >> david it rear we have all four-panelists agree, but i'm on full agreement. the bottom line poing i poe boes going to pay a lot of money, that will not make up for loss of lives, this is a huge hit to boeing. i think their crisis management has been terrible throughout this the ceo should have come out right away, say we have big problems we're going to fix it. back to jonathan's point. important for flying public. the safe o safest place to be a, any time on this planet is a plane, you are more likely to get struck by lightning twice
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then die in a plane crash. air travel is still pretty safe. >> you see how this is going to be played. like, greedy businesses. put profit before the public. and so it the end up in more regulations, and more cost to flying public, despite as you say track record for boeing and industry is e. exempt let's. exemplary. >> if they put profits before safety they are stupid. >> people need to be award of. a lot of what faa does it allows the organizations, to essentially self certify they are in compliance with regulations, only alternative for government to hire hundreds of people who are equally staffed at the engineers, that is costly, not necessarily more
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effective. it should be a indication that as we think about regulate are tech industry, you need incredible acumen and awareness. we do a allow companies to self regulate -- certify they are in compliance. >> i was going to agree, build on that, government allows a lot of self regulation, it usually works, because of the free market. bo category not afford -- boeing cannot afford to have another one of these crashes, i think and hope they will do everything in their power to avoid it. if they don't, there will be a lot more people who will be very afraid to get on planes. david: jonathan, would you fly on a 737 max tomorrow. >> without a question, this is emotional you have tremendous sympathy for anyone affected,
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but net result is more hatred for business, air travel is safe, who will get rewards, not boeing ceo, the stand up executives who came and answered the questions, but the regularlaters who are asleep at the wheel. >> would you fly? , o.>> yeah, i think these are . boeing, you know has a lot of work to do. i'm not sure i would fly in indonesia or a developing country, not because they don't have -- they do not have experience of build on a national airline with hundreds of train pilots with decades of experience. david: again. >> i would fly on them, but pan ib thpanic the entire flight. david: main point our sympathy
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goes out to victims and families of the individual, tremendous suffering, 350 people dead. crunching numbers of bipartisan watch dog looking at funding medicare for all, it could pehl bad news for senator elizabeth warren, she is speaking live right now at a fund raiser in new hampshire, we have details next. want to follow your passios rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠
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earners to finance ahead medicar all, even after increasing top two income tax rates 100%. steve is mathematics a right wing conspiracy. >> i will give you an economics lesson, have you 100% tax rate, and you will not raise a penny. something that al lapert taught uus. i said this last week, the worst part of medicare for all is not even the cost, it is the fact we would have a government takeover of our health care system, into quality of our medical care system in the world would be reduced. >> yep.
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>> this is what happens when you let common core math get to school, nobody can add up numbers, just hoo look at base numbers and see they going to explode. then we don't have freedom of choice, medicare is not the same program that everyone loves today, it is you know crazy with costs, either nobody pays or it down to losing your choice, i don't think that anyone would' either one. >> but against math here is incomplete as an equation. the point of these programs, i am not validating them, i am just articulating you would remove several trillion dollars of free market out of pocket cost, you transfer them from the insurance and private sector to the public. not true that it is 30 trillion of additional costs above and
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beyond the 3 to 4 trillion a year that are already being stent in private industry. so, you may think it is ludicrous and terrible and we'll have an awful health care system it may be true, but math as articulated in article is income get. >> elizabeth warren has said, several times, asked questions about would middle class taxes go up to pay for this. she refuses to answer. >> of course they go up, every estimate about the big government programs they look 10 to 15 years out, they go over budget, back to medicare, medicaid, social security. i tell you g.o.p. opposes medicare for all in wrong way, they oppose it because of the cost, elizabeth warren says well feel find a way to pay for medicare for all, because
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medicare for all is moral, and right. that is what needs to be exposed here. it is immoral. >> and rank hypocrisy of what used to be tea party saying, oh, my god wheel shut down the government, credit rating of united states will go in the toilet because of soaring deficits, trillion dollar a year deficit spending without a peep from the same people a bunch of years ago were acting as if we were impending armageddon. david: all spending. >> this is -- go ahead. >> just you know revenues are at an all-time high, even adjusted for inflation, there is a bipartisan spending bing in washington, neither party wants
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to toking about about it. >> study did find out that it be paid for if you put in a value added u.s., doubling cost of everything' that we buy. that would hit the middle class directly. >> house democrats that after, move to a new phase in impeachment inquiry of president trump, details of where things stan right now, and reaction from republican congressman mike rogers, he joins us next. >> a mistrial what happened today couldn't firms even worse -- confirms even worse how poorly adam schiff is handling this process, and denying the ability for republicans to even ask basic questions. this is the age of expression.
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>> the resolution filed today, according to speaker pelosi, continues to deny, due process and equal access to both sides until adam schiff is completed with his secret meetings. david: house moving to a new phase in which could turn into an impeachment again president trump, house democrats file a resolution details how things will proceed at this stage, ahead of a full house vote thursday. a statement reads in part: >> resolution introduced today in house rules committee will provide pathway forward, evidence we have already collected, paints picture of a president who abused his power by using multiple levers of
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government to press a foreign government to interfere in the election. -- next phase will move from closed deposition to open hearings where american people learn first hand about the president's conduct. we should mention, we got a statement from the white house itself, they say, the regular rn does nothing that change fundamental fact that house democrats refuse to provide basic due process rights to the administration. joining us now. alabama congressman mike rogers, thank you for joining us. i just read the statement from the white house. nancy pelosi and steny hoyer are backing off of alling it a impeachment resolution so what the heck is it. >> a resolution on whether the house it precede with an impeachment inquiry. but as you note 35 days ago, a day before president released
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transcript of his conversation with the ukraine president she called for impeachment inquiry and started in in secret behind closed-doors in excess as a mana month, anything going forward as far as we're concerned is il illegitimate. it will be really interesting to see how many democrat from trump districts are willing to vote. >> this is caroll ross, seems that a lot of laid people or people in congress keep confusing concept of impeachment with the removal of the president from office. longer that this political theater goes on, doesn't that justa. just amp up trump's base and hurt democrats some that is the way we see it, this happened to
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republicans when they -- in pulled impeachment process on trump, i mean bil bill clinton,e are polling in those swing districts in particular trump district, this is not doing over well, it will get worse, i most upset about american people who watch this circus. and as you say political theater, and say what about my prescription drug process? i thought you were trying to get those down and the infrastructure bill to fix the roads and bridges and get us broadband, we have not got put away making sure or military get their pay raises, this is taking all of oxygen out of this place, i suspect that will continue to be the case. as we go forward, this will come back to haunt the democrats, because as you said, a lot don't understand the difference between had and removal process, that would happen in senate, senate will never do, they are angry about the fact we're taking that time on something that is indefensible.
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>> i am wondering, this resolution, voted on thursday. are there any republicans do you think in your caucus that would support that? if this is just a partisan vote, i am not sure that gets democrats any where? any votes with pelosi on this in your caucus. >> i don't think so, i heard a come pay thcommentator they thoh would vote with democrats he not a republican, he has removed his name from republican large -- ranks and is an independent. none of us are going to go along with that, you look at the resolution, it does not give us subpoena power or try the minort the minority fairly, this was not drafted in concert with
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republicans. >> i am sure this is not going over well in you're district, making that argument on process grounds seems thin read to put your entire opposition to this rather than actually engaging in multi"e-- multiple witnesses and testimony and bona fide concerns, you have to come up with a rebuttal of that, this is not one based on we don't like the way the other side is plays. >> right, that will be during the process. we're talking about now. we want to make sure that if they go to provide -- proceed with an inquiry it is conducted fairly they never gave us power to is up 18 -- subpoena
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witnesses in this resolution. this is not meant to be fair, this is theater. and the fact is there is nothing there, i have seen the transcript, the president has not committed a crime of any kind, this is pure politics. >> thank you congressman, that my question, one of congress' role is oversight, you reviewed a lot of material, testimony, you don't think that president has done anything wrong here in your estimation, you reviewed all of the material he has no culpability? >> absolutely. i am a recovering attorney, i know what it takes to make a criminal case this not a viable case this is all theater, all about trying to stain the president, think -- nancy pelosi is a very smart lady, she knows senate would never remove donald trump because of this, she was pulled into this by left wing of her caucus, he resisted as long as she could only had she was
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afraid they would do to her that freedom caucus did to john boehner. david: she still will not call it an impeachment resolution we know that fact, congressman thank you. >> thank you. >> amazon cries foul, why they may be gearing up for a fight with the pentagon, next. map driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. (thud) (crash) (grunting)
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david: amazon may be gearing up for a fight with pentagon after tech giant got beat out by microsoft for a government contract, hillary vaughn live on capitol hill with latest, not all what it seems. reporter: now department of defense is defending their pick for the 10 billion dollar cloud contract that amazon lost and microsoft won, a defense official tells me their selection committee was not influenced by any other external factors, they judged it based on merits of companies considered, everyone is convinced, including amazon, they are surprised by the decision. releasing a statement: >> some senate lawmakers are
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asking questions after a new tell-all book claiming that president trump call the mat is- tried to strong arm him to not pick amazon for the contract. >> been reported that even in the summer of 2018 he instructed general mattis to screw amazon out of the opportunity to bid on this contract. and there are many other statements about amazon and jeff bezos. reporter: lawmaker on capitol hill, are an ally with amazon, who are wondering if president did politically pressure the pentagon to not choose them, they too have options they can challenge the decision in court. and try to get a judge to overturn or reassess the decision. >> all right, hillary thank you very much. >> so zach. could microsoft have just offered the pentagon a better deal than amazon. >.>> absolutely, the problem is
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that because president has had such anonymous today jeff bezos because of his ownership of "washington post." whether that was earlier administration it creates a appearance that this is done because of personal peak. presidents have in past like corporate leaders, they say nasting things about them, it is a liability tie for the for govd cause heartache for pentagon to defend this, saying we did this on a purely level playing field, we thought that microsoft was a better choice. >> this is rich. the beauty pageant across united states, said they every city in united states we might bring our headquarters to you, use your resources and your time to pitchous why, they went in shook hands who politicians and then
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did what everyone expected. now they are not asked to the prom they are bitter, i say suck it up cupcake, this is a game, you play it all of the time, this time you done win you didnd for you. >> i health these big corporate welfare grants, what happens is, whoever curries mov more politil favor in washington. i don't think that donald trump's opinion of amazon had anything to do with this. companies will spend a lot of money to get it. there is a -- amazon almost has a entitlement mentality to the money, that is what i don't like. >> but that was reported in the book screw amazon, trump's order to screw amazon that is an abuse of power, that is wrong.
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i have been harsh on president but he deserves it in this case. his endless assault on sa amazo, because jeff bezos owned it, this wrong, this is interfering in private business, the president is not just some guy with an opinion. >> caroll, one side of the argument buon button it. >> i don't like cronyism, i like free markets but be realistic this happens in every level of government, amazon has exploited it their benefit many times this time it did not work out for them, too bad. david: deal or no deal, conflicting reports about future of phase one of trade deal with china. what is going on? we'll ask a man in the know. curtis ellis, joining us next. ♪ (dramatic orchestra)
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david: a lot of conflicts reports in progress of china and u.s. trade deal, reports phase one signs in november, and reuters saying there is no firm date. let's ask curtis ellis, senior policy adviser. you are on inside, do we have a date set or not. >> well. i feel that we've been here before. united states and china have been negotiations for some time, in may everyone was optimistic we had a 150 pai page agreement. now we're back to a phase 1 agreement, covering intellectual property property rights, opening up chinese market to american investment. and with them purchasing a bunch
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of agricultural goods but now the deville is in the detail -- by opening up china to american financial services, we were there in 2006 when wto rules that china had to open up credit card market to american companies like visa and mas mastercard, china never did that, they said they would but they did not, we have been here bev. >> this is caroll roth on this intellectual property front, whether to the enforcement and other provisions do you believe that something that chinese could actually do? they have about 400 billion dollars in counterfeit goods on consumer side, let alone technology side around the world, do you think that something that realistic for china to say to the businesses guess what, you are out of the business of counterfeiting. >> you raise a very good point,
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caroll. chinese companies routinely founder fit, china has -- counterfeit. they said they will never force companies to turn over their technology. that swab firm of intellectual property theft. but you look at how china operates, they seem to say they cannot even find the their fentanyl factories yet they have facial recognition software tracking if everything, enforcet is the problem. >> steve moore, i am pretty optimistic that this tea deal wl get sign, sealed or delivered in november. i think it will happen because china cannot afford not to have
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it happen. china is getting killed by the tariff policies, companies are leaving china for indonesia and vietnam and india, other country, i'll stick with my prediction it gets done in november, am i wrong? >> i hope you are right, i hope china understands they are not in a good position, you are right, companies are leaving chineenmasse, and the more intel property they give motivation to leave, vietnam i heard is full up, they not accept any more incoming investment, they don't' companies to have a bad experience. they have the investment they need, now they did to indiana, indonesia. china needs a deal more than we do. and for that reason, they have every reason to live up to the outlines of the agreement that
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was anointed back a few weeks ago with president trump and the oval office. >> i think there is a lot of fights last war issue, a lot of intellectual property that china infringed on in the past is intellectual property. and all of the freedoms in world will not unsteal that infringe am. but it will continue to have a focus attention on protecting old ip, rather than reality of china spending huge amounts of money on artificial intelligence, and cyber and cyber security, five g we need to spend on in same way. we would have a better since of what they were doing than a recalled off well if we were better intwined with them. >> reality that as we become more intwined with china they steal everything as soon as we innovate it, that is why we have to be careful, they have 400 thousand students over here,
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we're training their next generation of spies, they work in the universities and pentagon otheagency turn it for research. david: before we head to a break, what is coming on "evening edit" with eli elizabeh macdonald, we have a republican critic in middle of inferno in northern california, he said that california's own liberal far left out of control policies that are to blame for the fires, could rolling back the policy stop the fires and save california. he gets a lot of attention. and we have story of new report that pretty much blowing out of water as expensive, elizabeth warren and bernie sanders government takeover for health care, bernie said he does not have toi explain to voters how o pay. david: all right a fox business
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alert. bed, bath and beyond, a third party acquired mail and password from a source outside of their system. they have sent notification to the customers affected. they say none of the company line customer payment cards were compromised as a result. we'll stay on it. >> wildfires across southern california forcing hundreds of thousands to leave their homes, forecaster warn there could be more danger coming, a live report next. >> our friends that we agree up with here, and landmarks. all gone, i don't know how we made it through the last couple of days. each day our planet awakens with signs of opportunity.
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david: new concerns about wildfire in california, forecaster warn of hurr hurricae strength winds. thousands of people have been forced out of their homes, millions left without power, dan springer in hills berg california with the latest. reporter: you can see here, the destruction. they are concerned about the winds picking up tonight, flaring up this fire, they are expecting wind gusts between 40 to 50 miles an hour before midnight, their biggest concern on this 75 thousand acre fire making sure it does not jump over west side of highway 101, an area that was evacuated yesterday, then mandatory
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evacuated was left lifted. people who were allowed people were told to be ready to vacate in case. and many more people remain evacuated. pg&e the largest utility, right now it can't seem to win, being criticized for equipment causing fires and when it cuts power as a precaution to avoid causing new fires, sunday 2.5 million customers were without power, half have been restored but now more shut off with the wind event. utility opened a bunch of places where people can charge their phones and laptops but patience for maybe has run out. >> frustrating you know. you have to follow the rules. >> do what you have to do. as long as there is no fire where i live that is good. >> wire riding it out -- we're riding it out. i don't know what we'll do.
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reporter: good news remains there has been no loss of life in the fire, they have to get through one more night of heavy winds then a full week of calmer conditions. david: dan thank you. >> on 1.5 million more in california having their power turned off, elon musk is slashing costs for solar panels for pg&e customers, jonathan? >> it is technology. 100 years ago, a fire like this would have killed thousands of people, thankfully because of technology, and i don't know what it is, whether or not solar, powers or you know we built dams and firefighting choppers. all types of technology that is what will save people that is what saves lives, green movement. would say, this global warming, get rid of our your car, technology saves the day. >> well, hopefully that is correct stlacorrect.
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climate change and interacted between dry climate, wind and the way humans have populated the area are a aggravating factor. there is a climate change element to this. we have to deal with that. david: we wish them the best. a tough time for those. >> there is a new future on netflix, facing major backlash. why some are blasting the giant streaming service, for a surprising new way that subscribers could binge their content, coming up. (thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites
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oh, and happy birthday... or retirement... in advance. or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. >> if you ever wanted to stream a movie at a different speed you
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may get the chance. the. david: don't, just. we did that on purpose. me, set up 1 1/2 times faster, if netflix has its way, that is how you could watch your next movie or tv show or series if you desire, they are testing a new future allow mobile users to speed up or slowdown content without muting volume, some in hollywood are not thrilled. just some of the stars sounds off calling it ridiculous, and insulting is there a market for this? would you caroll watch a movie sped up? >> i would not, but you know god bless the artists they give us fantastic concept but they can't control the user experience, i might fall asleep during a move, someone might have bad speakers
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someone they be on cocaine and hear i it that way. i understand that maybe that not how they intend it, but. if there is a market for it, you have to let them have it. >> what a country, we hate binging on netflix now you can binge faster. this is really tremendous. i just i suggest, instead of watching longer movies, in shorter period of time just make shorter movies and play them regular speed, just throwing it out there for hollywood. >> i very much like your voice. reporter: pretty good. >> sucking helium. you could do this los angeles, people listen at two times spied speed at audio books. >> you watch moving for fun to sit back and relax, not speed up to catch up, do you? >> well, i don't know if you heard news from fox business executives your show is now a
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half hour, they will run twice the speed. bunch watch "bulls and bears." david: and pay me half as much, all right that is it for "bulls and bears," if you. we'll see you next time. elizabeth: california massive wildfires now one of them the biggest was year, forecast now warn about to get worse with record wind tonight. we have topical call republican he is right in the middle of the fire in northern california. he said it wrong to agree with group thinking that california that massive fires are new normal for the state. he is a california critic, who said it is california a liberal far left out of control policies that are to blame. could rolling back the far left policies stop fires and save california? to voters they like trump and his policies, particularly on border, shocking new border numbers that show
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