tv After the Bell FOX Business October 31, 2019 4:00pm-5:00pm EDT
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liz: thank you so much, jason. >> happen halloween. liz: jason katz. you are going as? >> winnie the pooh. liz: green across the screen. [closing bell rings] what will the november jobs report bring tomorrow? that happens on "claman countdown." melissa: key manufacturing number hit stocks. new worries about an economic slowdown. the dow closing down 140 points. we were down more than 260 at the low of the session. very spooky there. i'm melissa francis. i'm not going as winnie the pooh. how about you? neil: i'm going as eeyore again. i'm connell mcshane. welcome to "after the bell." s&p 500 and nasdaq closing in negative territory. just yesterday we were talking about record highs. if you want perspective, not far off of a record high. green on the screen, kraft hinds
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heinz following earnings beat. dunkin' driven by demand for premium drinks and expresso and iced coffee. melissa: in the capitol, house approves impeach investigation into president trump. we'll have the latest from washington. first we kick it off with fox business team coverage. blake burman at at the white house. grady trimble in chicago and jeff flock in chicago. reporter: chicago purchasing manager es index dropped to the lowest level in 40 years. it had biggest drop in nearly 40 years. lowest level in four years. not such good news if you look at the last three months you can see growth in august, according to this index, but then,
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contraction in september and october. another question in this index is whether tariffs impact businesses for manufacturers in the midwest. 26% of them said that tariffs have a major negative impact for them. taking a quick look at manufacturing stocks. they're also down today. now it is important to point out this is a regional index. the national manufacturing index, that comes out tomorrow. so we'll be able to see how the rest of the country fares compared to this index for the midwest. melissa? melissa: grady out in the snow. we love it. thank you. neil: grady talked about trade. they're hoping to sign phase one of a china trade deal. president trump speaking out of the likelihood of a meeting with the chinese president xi xinping. blake burman at the white house with the latest on that. blake? reporter: connell, phone calls continued between the chinese and u.s. trade teams with a robert lighthizer, steve mnuchin and liu he are still on the
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schedule. there is question when and where a potential phase one portion of the trade deal can be signed because of the cancellation of the apec meetings. the president acknowledged that today in a tweet in which he wrote the following sayings, quote, china and the usa are working selecting a new site for signing of the phase one trade agreement. 60% of the total deal after apec in chile was canceled due to unrelated circumstances. the new location will be announced soon. president xi and president trump will do the signing. here is what i can tell you. speaking to multiple administration officials earlier today, they have not heard where a potential site could be focused on or at least narrowed down to at this point, i'm told the november time frame to have phase one put on paper is still on track. there are logistical issues that have to be worked through because of last second changes. the white house doesn't appear too concerned with the unexpected change in plans. >> while apec was canceled yesterday it has not negatively
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impacting our conversations with china at all. in fact i spoke to the trade team this morning, the great larry kudlow who you know very well and i spoke, he just told me these talks are going very smoothly. reporter: a spokesperson for china's commerce ministry said the talks are progressing adding the following as well. saying quote, the two sides will continue to promote consultations and other work as originally planned. but, connell, the market also took notice earlier today of a bloomberg story, the headline there, being according to that report some chinese officials are concerned about the possibility of being able to strike a larger, comprehensive trade deal past phase one between the u.s. and china. neil: both could be true. you have phase one but not larger deal. blake burman on the north lawn. melissa: gerri willis is on the floor. reporter: the dow down 266
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points at its worst. we're finishing better levels, down 140. all about the first two reports you mentioned tonight. interesting the president's tweet saying a trade deal is imminent we'll get one, didn't have much, didn't boost the dow at all. that was a strange and different and new, the dow ending down 140 points. all major averages down. dow losers, walgreen boots, their expectations are lower for the next quarter. meanwhile caterpillar and 3m also lower today. they had quarterly reports out earlier but the thinking now is that trouble, which is based on trade disappointment could last into subsequent quarters. that is what we're thinking. also we have headlines on spending. consumers continue to spend and spend mightily up .2 of a percent. manufacturing and business sentiment falling. that is about the consumers, you
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can see in the number there. altria confirming a fcc investigation of juul as they look at its role in a executive shakeup in the vaping company. did altria replace the ceo? down 1%, 2.55%. sorry. back to you. melissa: gerri, thank you. neil: shares of general motors take a hit today. the company recalling more than half a million vehicles because of an unsafe brake malfunction. to jeff flock in chicago with the latest on that. what is the deal, jeff? reporter: the big problem, some of the most profitable vehicles. that is not good news. they settled a strike. that is all great. they lost $3 billion on the strike. how much they would lose on this? we don't know. the vehicles involved are suvs and trucks model year 2015 and 2020. new ones, chevy suburbans,
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tahoes and yu cons, the drugs they make money on. chevy silverado and gmc sierra. it is faulty sensor, causes speed to be first interpreted and automatic breaking. to another automaker, ford. ford workers continue to make ford trucks there. there will not be a strike with ford. they reached a deal. took three days. why? because ford has a better relationship with gm when you come down to it. why is that? there are more gm. there are fewer workers in the u.s. than ford workers. ford has 55,000 workers. actually, chrysler even has more than gm. in addition one of the reasons for that is because of what is made in mexico. last month, august, 81,000 vehicles made by gn in mexico,
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24,000 by ford in mexico. the uaw doesn't like that. they get along pretty good with ford. as you know they had some problems with gm. goes on to fiat chrysler. it is expected they settle too. we'll see. neil: that strike cost gm 3000000000. thank you, jeff flock. melissa: a template for future deals. house speaker nancy pelosi still sounding optimistic with a deal between mexico and canada and despite dispute over the peach inquiry. where do things stand now. neil: new data that president trump's impeachment push might be helping president trump in states. could it backfire in the 2020 race? melissa: people who tend to run late also tend to be happier. how is it possible? a study according to harvard university. it must be right. research suggests those running
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shares of pinterest tanking after the company fell short of wall street estimates on quarterly revenue. global monthly active users grew 28% year-over-year. connell: 17%. in the first major vote related to impeachment inquiry the house approved a resolution outlining the next phase of the presentation for president trump. hillary vaughn joins us from capitol hill with the latest. hillary? reporter: we're learning in the last hour the white house hosted an impeachment sham phone call with gop staff members on the phone to kind of do recon after the house ultimately passed the resolution that define what is the rules are for impeachment moving forward. now every republican voted against the ground rules for this. even two democrats jumped on board to join them. house republicans have a problem with this resolution. they are essentially accusing the democrats denying due process and restricting their access throughout the inquiry.
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>> this is soviet-style rules. >> our committee has been neutered. our committee who handles impeachment. we're the reason that committee, that is our jurisdiction. we're completely sidelined. >> what we're seeing among democrats in the scif right now is like a cult. these are group of people following their leader. reporter: republican on house judiciary committee doug collins had a scathing challenge for the leading man in the impeachment inquiry. house intelligence chairman, adam schiff. schiff should come before the house judiciary committee as a witness and answer their questions about his relationship with the whistle-blower. >> those that have complained about lack of access to the depositions, most of the members who have been permitted to attend have failed to attend. >> i don't know why the republicans are afraid of the truth. reporter: just because we're moving into the phase two of the impeachment inquiry, connell,
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does not mean closed-door briefings are over. what is happening with timothy morrison down in the basement of the capitol, it is behind closed doors which is an issue the republicans raised for weeks now. connell? connell: hillary vaughn on capitol hill. melissa: here to react, bill mcgurn from "the wall street journal" and fox news contributor. i've been watching the parade all morning long. did anyone gain ground today? what is your takeaway? >> nancy pelosi helped unite the republicans. the vote against it was more bipartisan than the vote for it. she had a choice, she could have a fair impeachment process that was also bipartisan, i think she could have gotten dozen to 20 votes if she had a fair process we're just going to investigate. i think she realizes she might not get impeachment if she had a fair process. so she opted for an unfair process that would produce an
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impeachment. in this way i think it helps republicans. it strengthens, it strengthens the case for the senate to say we're not even going to consider this, this is so corrupt. >> by unfair process, you mean the fact that the chair gets to decide for the minority, when they want to subpoena someone, adam schiff gets to say yes or no, if they want to do anything, president's counsel wants to participate, adam schiff give as thumb's up, thumb's down every point of way? >> that is partly what i mean. you raise good points. that is part of the republican objections. they're not guaranteed those rights by the constitution. in the final analysis the court that matters is the court of public opinion. it has to look fair. i think what is more confusing is, people, basement depositions and so forth. this resolution really doesn't substitute for launching the
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inquiry. this affirms that the process so far in place, sets rules going forward. i think that is really messy. i don't think the democrats are going to take it to court to enforce the subpoenas, that would take longer, right? they want this over by christmas. melissa: do you think that we're going to see everything from here on out? even while they were voting today, they were conducting questioning in secret in another area. so does that mean tomorrow, everything is out in the open and cameras are in the courtroom so to speak. so that the public can judge for themselves? frankly i don't trust what either side is leak egg. i don't care whose interpretation what went on in the room at this point. i don't trust anybody but my own eyes and ears. >> right. you got to it before, a lot is up to the discretion of adam schiff. kind of like watching one of those old roman movies where the emperor in the coliseum with thumb's up or thumb's down.
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we don't know. a lot of people are saying, republicans are whining about process because the substance, they can't address. the answer is, i think what you're alluding to, you can't get to the truth, the substance without a fair process, right? we don't just take people's opening statements or cherry-picked lines that are leaked. the other thing they keep saying the house is like the grand jury. this stuff can be done in secret. if you leak grand jury stuff you're in big trouble. that is not the case here. melissa: that is not the case here. in the midst of all of this, nancy pelosi supposedly is trying to strike an optimistic tone about the usmca. i mean here is one thing she said. >> if we can come to terms that i think we're close to doing, this will be a template for future trade agreements. so we have an opportunity to do it right. we're not there yet but we understand the road, the last,
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shall we say mile that we have to go. i'm optimistic. melissa: i don't know. that was a bunch of gobbledygook. i talked to one congressman, democrat came out from voting for impeachment inquiry, why you guys are all together in the room can you vote on usmca? or even scribble down what you don't like and maybe put your heads together to do some of the work of the people beyond impeachment? you know went over to, we have a million bills sitting there we've done, that mitch mcconnell is sitting on which is not answering the question, obviously. do you think they can do anything like the stuff that we, there is very little i want them to do. one thing is vote on usmca. >> they had a little bit africa nun drum. if they sign it, that is giving president trump a victory. this is like the impeachment vote. that she had a vote is not necessarily. insists is not necessary. she had it because republicans called her bluff.
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she is under pressure not to show it is just impeachment that congress wants to do things for the american people. i'm optimistic this will get done as well. melissa: that's optimistic. >> because the crass political interests of both sides are aligned. melissa: thank you, bill. >> thank you, melissa. connell: battle of billionaires. two of techs biggest leaders taking opposite stances how you handle politics and misinformation. critics fear the escalating feud might divide silicon valley. california in flames. 17 million people across the state under red flag warnings. we're on the ground in one of the most devastated areas. california wine country. that is later in the hour. ♪. ♪ ♪
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national committee. it will be the former president's first open press event since the midterms last year. adam lashinsky joins us from fortune, executive editor, fox business contributor as well. you know, a couple things on obama. number one he is back out there again. there is a lot of talk whether he would endorse biden or snubbing him, all the rest. what about in silicon valley, adam. as he tries to raise money, do executives out there, are they ready to support a democratic party may be a party of warren, rather than a party of obama? that may have changed since he was president? >> funny the way you said the question. i'm sure the way the democrats and the way president obama will frame his visit, connell, you're changing the subject. they are going to want to talk about barack obama because barack obama remains extremely well-loved in silicon valley. he was their president and, i'm sure he will do everything he can to change the subject when issues like elizabeth warren come up. connell: but he is raising
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money. he can't run again obviously. he is raising money, essentially for somebody else. it could be his former vice president. do you look at that as a snub by the fact that he hasn't endorsed him? >> he is a presidential guy, let's say. i'm sure he views it as the presidential thing, especially retired presidential thing to do to stay above the fray for as long as he possibly can. connell: he can raise a lot of money out there is your point? >> that is not getting below the fray to raise money. connell: this actually happened during our show yesterday, wow, that is strange timing, back and forth between two big heavyweights of silicon valley, jack dorsey of twitter, taking what appeared to be a swipe at mark zuckerberg of facebook. he announced twitter will remove all political ads from this time on out, and making announcement as i said, could be coincidence, adam, right after facebook reports earnings, right before their conference call, here comes jack source did i to get
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in the middle of all this? what did you make of that? >> reminded me many years ago, barnes & noble sued amazon the week it announced it would do a ipo. i will never forget that. if jack dorsey can pick a fight with mark zuckerberg, jack dorsey wins because he is the minnow compared to the whale in this fight, twitter versus facebook. neither company by the way has much to lose or gain from the actual political ads. so dorsey is not giving up ton in the same way mark zuckerberg is not gaining much so they're each taking what look like principled stands but pretty easy to knock holes in those principles. i'm happy to do so. connell: big deal for facebook, that's why they're doing it. what if facebook gave them up? doesn't seem, what if if they did, wouldn't be a huge deal? >> i think anything the companies do is a slippery slope. for example, twitter, dorsey is
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saying we won't take political ads. but they're specifically allowing politicians, sanctioned politicians to say whatever they like. we'll not do anything about that. well they can run ads against all normal twitter traffic. so no one is pure as the driven snow here. connell: no, i guess not. that argument on the merits you think is just flawed? the idea that on social media you have to earn your attention, you can't buy attention, you say that is skewed by the realities sounds like? >> i'm saying at this late date neither company is holding themselves to the same standards that worked pretty well for decades in our country, which is standards that broadcasters and news publishers adhere to, they are responsible for pretty much everything on their platforms. that is the standard. that is what would be best for users and for viewers and for readers. those are not the standards these companies are taking. connell: no, it's a different world on the internet. adam, good to see you as always,
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adam lashinsky in san francisco. >> thank you very much. melissa: adding fuel to an already dire situation. aggressive winds are hitting california, igniting new blazes, forcing even more residents to evacuate. we're on the ground in california next. connell: a possible warning sign for 2020. new polls in crucial swing states reveal impeachment might not be so popular in those states after all. melissa: hmm. we talked about the streaming wars. online grocery stores are heating up. walmart reported today 2,000 locations across 29 states will let you pick up wayne and beer along with other purchases at the curb without leaving your car. that sounds pretty good. the retailer says certain stores in california and florida, will deliver alcohol to customer es doorsteps. that sounds perfect. does your broker offer more than just free trades?
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liberty mutual customizes your car insurance, hmm. exactly. so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ ♪. melissa: california up in flames. officials working around the clock to tame more than 10 fires now currently burning across the state. businesses in the state's wine country devastated by the blaze. fox business's susan li is live in heelsburg california with the latest.
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reporter: melissa we're in sonoma county in northern california a few miles away from the kincade fire that continues to burn. according to the firefighters it is 60% contained but still continues to burn. the devastation you can see. this is the soda rock winery stood about a week ago. i just spoke to the winery owner. look at the devastation. this is a steelcorr roof that was damaged and shows you the strength of flames. this building has historical precedence as well. >> this site has been here 150 years t was the original general store and post office for alexander valley. a lot of historic things happened here on the site. it has been here a long time with a lot of people. reporter: according to the winery owner she says that the 2019 vintages, some of it may have gone up in flames. other vineyards said that they
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are safe because most of the grapes had been picked last month. california is the fourth largest wine producer globally in the entire world. they make 80% of the wine that is drunk in this country. it represent 40,000 jobs tied to the tourism industry. wine tourism industry. it is vital to livelihoods. they want recovery and rebuilds as soon as possible. back to you. melissa: susan, thank you. connell: new information on the raid that took out the world's most dangerous man. the pentagon releasing the first images of the operation that killed the head of isis, abu bakr al-baghdadi in syria. lucas tomlinson live at pentagon with the details on all this. reporter: connell named a new leader ibrahim al ashami. former baath party general and former general in saddam hussein's army. that is where most of isis comes from.
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the lieutenant-general commander in the middle east spoke about the operation to kill baghdadi. >> those who may have seen before-and-after pictures of a compound, it looks like a parking lot with large potholes. reporter: in the new declassified video, general mckenzie said they leveled his home with laser-guided bombs after the assault force left with his remains. he didn't want the isolated compound to turn into jihadist version of graceland, a shrine. he said a substantial amount of isis intelligence was snatched up as well. helicopters carrying u.s. special operation forces came under fire as they approached northwest syria. the enemy fighters were annihilated by apache gunships known as long knife. mcconcerns say said commanders prestaged in syria highlighting importance of remaining of a u.s. presence in syria. he said syrian democratic forces, main ally against isis proved helpful. he also gave the following warning about isis.
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>> they will be dangerous. we suspect they will try some form of retribution attack. we are postured and prepared to and we're postured and prepared for that but we should recognize again since this ideology, you will never completely stamp it out. reporter: hundreds more u.s. troops and armored vehicles arrived today in eastern syria. connell: lucas tomlinson at the pentagon for us. melissa: an unusual comment from the front-runner. senator elizabeth warren admitting a major flaw in one of her key campaign promises. some people consider her the front-runner. it is back and forth. will this hurt her run for the white house? that is next. warning sign for lori loughlin's legal team. one prosecutor telling "people" magazine that the actress's daughters could be charged in connection with their parents role in the scandal. prosecutors increase pressure on those that did not accept a plea
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amherst told kaiser health news earlier this year that could result in about two million jobs lost. he said those would be mostly administrative positions and insurers, doctors offices. he said that politicians who want to move toward that system, "medicare for all," have to think about what a quote, just transition, a fair transition would look like. what would that look like for you? >> so i agree. i think this is part of the cost issue. and should be part of a cost plan. melissa: here now is hadley heath manning, independent women forum policy director. part of the cost issue that millions of people who have good-paying jobs they like would no longer be employed. what do you think about that? she is willing to admit that. if she is willing to admit to two million it is probably much bigger number? >> certainly will be a much bigger number. this is looking at administrative jobs in health care. it is not looking at the broader impact of the economy that
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increased tax burden for "medicare for all" would manifest but i have to agree with elizabeth warren on one point, that is, we do have administrative costs in health care that are unnecessarily large in large part due to the fact that our health care system is responding to overregulation, responding to a very complex billing and pricing procedures that are simply unnecessary. if health care were more market driven we would see clearer prices and more competition that would get rid of administrative waste. on other hand what elizabeth warren is really admitting here is that her plan would totally wipe out the private health insurance industry. of course that costs a lot of jobs. some of those people might be absorbed into a government program. we'll see a lot more government jobs. melissa: that is exactly where i would go. she will say, i'm sure, that there will be more jobs, just in the government, and that is really a defining principle of so many of these plans is that you give the government control. everybody gets everything from
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the government. they're giving you your health care. also if you want a job, you're going to go work for the government. what do you think about that? >> it is socialized medicine. socialism in health care. the government running health care, rather than the private sector running health care. i get that, simplicity of that is appealing to some people because what we have today in our health care market place is very broken. people are frustrated with the lack of choices they have. many people work for an employer that provides a health insurance plan they might like but wasn't the plan they chose. about 80% of employers who offer health insurance plan, give you one option. they don't give their workers of options of health insurance plan. you don't choose what hospital or doctor you see because you're restricted to insurance network. we don't have a very free system in health care today but replacing it with one government option certainly will not increase choices people have. certainly not increase market competition. it may depress costs. remember the only tool the government has to reduce costs
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is pay providers less. when we pay providers less, that is a back-door style of rationing. that means they're less willing to offer those services to patients with real need that. is the ultimate cost of "medicare for all." it is not just the dollar amount. melissa: they say it will be more fair system where everybody has the right to health care actually it is more of a two-teared system. people who must get their health care from the government, they made years for things they need. you have people with cash, who will go outside of the system and will buy better quality, faster health care, so it will result in a system so much more divided than what they're is today. if you want everybody working for the government, i don't know, it is halloween, do you see a lot of kids growing up, i wanted to work for the irs. i don't see a lot of kids in irs costumes. seems i want to be a government bureaucrat when i grow up, is not what our nation kind of
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aspired to? >> importantly "medicare for all" might insure everyone a right to health coverage. it might provide you with a certificate or card covered by medicare but it doesn't insure a right to health care. the government cannot provide actual services to people, it can't change anything about the realities of supply and demand in health care. people will need health care when they need it and the question for americans at this juncture, what do we think will provide that better, a freer marketplace or a government program. melissa: yeah. if you end up paying people less, how many people will be there in the field? will they have the equal to provide it or not? hadley, appreciate it. connell: policemen, firemen and irs bureaucrats. melissa: that sounds right. connell: focusing on the economy ahead of 2020. white house officials have been escalating talks about a new round of tax cuts as the president has been trying to distinguish himself from the democrats he will run against or one he ends up running against. this was all in the "washington post." let's bring in david asman.
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the idea of tax cuts 2.0. what do you think? >> i think it's a great idea. the fact is not one democrat running for president is for cutting taxes. they're all for raising taxes every single one of them. the most moderate, joe biden, wants to increase taxes essentially where they were when companies were going to ireland and places with lower corporate taxes. lowering of tax rate for corporations brought all the companies back, led them to hire millions of new workers. it led to the best job market we ever had. plus the tax cuts are paying for themselves. tax revenues have increased dramatically since the tax rate cuts. we just had the figures from 2019, fiscal year 2019. it ended at the end of september. corporate tax income increased 12% in the past year. so even on the corporate side, at first we saw a drop. now we see corporate revenues picking up. i don't see any downside. connell: if you're running as campaign issue what type of tax
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cut would sell best? personal income taxes, payroll? >> payroll, payroll, payroll. a lot of people said it should have been part of the first phase of the tax cuts. originally there were supposed to be several phases. only significant thing we got rid of details. amt cut for most people that had it but primarily on the corporate side. the individual side was not done enough. payroll taxes need to be cut. that affects just about everybody who is paying taxes, even people who are not paying income tax have to pay payroll tax if you have a job. that is where you start. that has enormous effect on the electorate. that is a great selling point if you're running for office. connell: what do you guys have on "bulls & bears"? >> a couple things. the latest on the impeachment inquiry, whatever you want to call it. chad pergram gives us the latest from the ground on capitol hill. senator rick scott is looking out for the most oppressed people i would say of all people we're talking about with regard
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to china. that is folks in hong kong. most beautiful city, most prosperous city in all of china is going through a tremendous downside right now. they're into recessionary period because not only because of the protests because of what china is doing, trying to squeeze the lifeblood out of them. he has a new measure, new bill, to punish chinese communists doing to folks in hong kong. we'll ask him coming up. connell: we'll look forward to that. we'll see david and the crew at the top of the hour. melissa: almost time to go trick-or-treat. the impeachment factor. how some swing state voters might not care about politics as much as the economy when it comes to decide who lives in the white house. plus halloween by the numbers. the most popular candy in each state. a shocking amount of money that americans spend on their pets. festive outfits. nobody on our staff would do that. connell: i couldn't think of that. melissa: we'll see.
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a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. as a principal i can tell you this. when one student gets left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech. within six years,
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connell: this could be bad news for democrats as there are several new polls out indicating a majority of voters do not favor impeaching president trump and reare moving him from -- and removing him from office in some key swing states places like new hampshire, wisconsin, and michigan. former bush administration speechwriter is joining us to talk about this. it is interesting because if you poll impeachment nationally, we have done it at fox and other organizations have, it is not great for the president. sometimes it is half or a little more than half say yeah he should be impeached and or removed from office. in these states, florida, north carolina, arizona, and others, like the ones we talk about all the time, pennsylvania, michigan, wisconsin, the majority say no, we're opposed to it. we don't want him removed from office. what do you think it means for 2020? >> well, it's very telling because in new hampshire, for example, which is the state that
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hilary clinton narrowly won by about 3,000 votes, there's not that strong suspicion that has taken hold. there is a lot of ambivalence. we also see in the polls the fact that there is a differentiation among respondents between impeachment and removal, which norm you would think that's too technica technical. a lot of people are wanting the inquiry to go forward but not as many are committed to removing him from office which is more in the president's favor. connell: it might mean that the focus instead of being on that, as it is in the news all the time, it might go back to being on the economy, right, in those states. i'm curious how you think the president is faring because the opposite potentially could be tree many of those states -- could be true, many of those states, especially in the midwest is reliant on manufacturing. how strong is the president in those states on that? >> i think he's vulnerable. we have spoken many times how
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the president has tied himself to economic performance. there's not a tried and true formula for making the economy go well for you when you are a politician. there are certain things that can be done. the drawback to that is if the economy goes south, then you have tied yourself to the performance. that can hurt you in reelection prospects. i think the white house is attuned to this. they are focused on getting a trade deal with china and are talking specifically about the impact that would have on farmers and the manufacturing sector. connell: which state would you pick out, to put you on the spot a little bit, if you had to pick one especially on that ground, that would be the most important in 2020, we know kind of what they were last time, is it the same the next time around? >> well, i think there will be many of the same. now arizona has been considered more of a swing state because democrats had a recent victory there in the senate race but i would say wisconsin and michigan are the ones to watch when it comes to trying to recover economies locally particularly in the manufacturing sector. connell: in those states the president may have an advantage in terms of people who support him culturally.
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that's what we're talking about is that people look at the president, they really like him, he goes to rallies in those states and sells them out. they don't want him impeached, i'm talking generally now, that's what the numbers show us. this would be the key question to me, even if the economy is slowing, we saw this when we would interview farmers sometimes, they would say to, i'm still with him because i prefer him to the alternative even if i'm getting hurt economically. will enough people do that that he gets re-elected, do you think sfl >> i don't think we can say at this point. in some of these states that trump polling against any democrat was slightly behind. there was a republican pollster who was saying even though people aren't in these battleground states -- it is kind of a negative in that way. connell: head-to-head, he doesn't poll well. is that something the campaign should be concerned about, or it is early and it changes when there's a nominee? >> it is early and it changes. there are still a lot of people
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running. people like variety. we saw that in 2012 on the republican side. connell: we had plenty of it then and we have plenty of it on the democratic side this time. >> absolutely. connell: great to see you. >> thank you. connell: i'm hitting the road to system of these key swing states, three states in three days on the economies, pennsylvania, michigan, wisconsin they gave the president the white house in many ways last time around. will they do it again? we will talk to voters, business leaders and the like about the economy in those states. you will get rid of me for a few days. melissa: hmmm. [laughter] melissa: take a look at this photo of the space agency that resembles a carved pumpkin screaming in outer space. candy store.com, the most popular halloween treat in each state. what do you think they are? hot tamales in new york, tootsie
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pops in tennessee, salt water taffy in nebraska, washington and wyoming. what about candy corn? i don't believe any of this. connell: i love candy corn. melissa: no you -- come on. no one likes candy corn. connell: i hate halloween. i love candy corn. melissa: americans are spending 490 million dollars on costumes for their pets this year. this is according to the national retail federation. that is more than double what they paid for costumes in 2010. quick change, take a look at some of these trick-or-treaters. connell: here we go. melissa: some of our after the bell lovelies. connell: looks familiar. melissa: i think that's -- there you go. awww, another hamburger. connell: that's it. melissa: who is that? connell: that looks familiar too. melissa: that's our little dog. connell: that's our little dog.
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melissa: how much money do you spend on this dog? there we go. connell, you have nothing? connell: my children aren't allowed to celebrate halloween. melissa: bulls & bears starts now. david: the market finishing down 140 points after diving more than 200 at one point. the president tweeting it is the quote impeachment hoax that's hurting the market as the house makes a crucial vote on the official rules in the impeachment inquiry. we will have more on that in a live report from capitol hill in a moment. meanwhile stocks also hit by weak manufacturing data, new doubts about a long-term trade deal with china. after some very harsh words from secretary of state mike pompeo last night. hi everybody this is bulls & bears. i'm david asman. joining me today jonathan hoenig, liz peek, gary
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