tv The Claman Countdown FOX Business November 11, 2019 3:00pm-4:01pm EST
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yields going higher, prices going down, them getting hit. the flow has been into stocks and i think it will continue to be that way. charles: shah, thank you, always. again, always jealous. you are down in miami. appreciate it. the dow is up ten points as i hand it over to liz claman. liz: charles, thank you. it's kind of interesting, we've got really good news on one hand and multiple scandals on the other rocking shares of some of the biggest names in the market at this hour. goldman sachs and apple's credit card ensnared in the battle of the sexes. could bad robots be to blame here? coming up, why it's artificial intelligence that may deserve all the credit for setting off this firestorm. could adam neumann's empty c-suite chair at wework soon be filled by john legere? charlie breaks it on new reports churning and the potential impact on not only t-mobile and sprint, but whether legere holds the key to helping the one-time office space sharing darling
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back into wall street's good graces. protests in hong kong drawing blood. one person shot, another set on fire. the pro-democracy demonstrations raging in the territory have claimed yet another victim. hong kong's stock market. as we head into the final hour of trade, the dow is overcoming the shocking violence. it's currently up but just by nine points. s&p and nasdaq are losing at the moment by five. and 11 points respectively. but on this veterans day, if you think you have heard great veterans' stories already, just wait. check out our green room. we have three purple heart recipients, all gravely wounded, and their families. these three put all of it on the line in the field of battle for our freedom. what we are going to do is tell you about the one thing tying them all together that has enabled them to move forward to start businesses, graduate from college and to represent their country in a whole new way. you need to watch this, please. less than an hour to the closing bell on this veterans day. let's start "the claman countdown."
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liz: oh, boy. failed ipo poster child wework about to get a new leadership paint job in bright magenta. the "wall street journal" reporting t-mobile ceo john legere is in talks to potentially run the troubled shared office space company. t-mobile shareholders really don't like the idea of him jumping ship. he's been very much one of these cult of personality leaders at the company, so the stock of t-mobile is down 1.66% at the moment but charlie gasparino would argue with me on the reason it's down. possibly john legere might mono take the job. someone's got to replace adam neumann, who was pushed out
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after the wework ipo collapsed on revelations neumann had spent millions on a private jet, hired relatives with little to no experience and a whole bunch of other issues. we will get more on john legere and whether he would take the deal or not, coming up. sun power shares electrified at this hour. currently moving higher at the moment by 2.66% as the company announces it's going to split into two publicly traded entities. its solar panel division will handle manufacturing while the energy services unit will keep the sun power name and focus on installations. tupperware brands, that stock is at a record low right now, down 1.75% after the company suspended its quarterly dividend. it is attempting bravely to drive short-term profitability. we are watching tupperware at the moment. deutsche bank, we need to look at this. deutsche slashing l brands to a hold from a buy, saying efforts to revitalize its victoria's
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secret business may need longer than expected in a very competitive environment. l brands down 1.33%. shouldn't have gotten rid of the bathing suit business. all right. while down today, i think they are bringing it back. l brands has plummeted 51% year over year. not good. and jeffreys says that november revenue estimates for chinese gambling mecca macao will see the biggest drop of the year as the chinese economy slows and the trade war drags on. these three all have exposure here. now, if you are gambling on the u.s./china trade deal derailing singles day in china, you have lost. invented by chinese e-commerce behemoth alibaba, singles day blew away just about every single metric from previous
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years. they wrapped up $1 billion in sales in the first minute and eight seconds. one billion in 1:08. by the time the day was done, alibaba finished out the day with a record $38.3 billion in sales. alibaba shares initially rising on the 24-hour retail boom but you can see slightly lower right now by just under 1% or $1.12 to $186.04. part of that is a pro-democracy demonstration in hong kong turning terribly violent over the weekend. two protesters are in critical condition at this very moment. one was shot at close range by a police officer, another was doused in flammable liquid and set on fire. hong kong's hang seng suffering its biggest single day drop since august. the index dove 2.6% this morning and as you can see, closed down 2.66%. bad day in hong kong all around.
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the drama also kind of reaching our shores at the open, particularly, when the dow opened it fell on fears that the hong kong conflict could actually impact the u.s./china trade talks which are still at the moment up in the air. let us get to blake burman and you've got i guess, i'm hoping the white house commenting on the bloodshed or keeping silent right now? reporter: they haven't, liz, but i wouldn't make too much into it considering today is veterans day. that's consumed the time of president trump, vice president pence as well. the building behind me is just about a ghost town today. we will remain -- it remains to be seen what exactly first off unholds in hong kong in the upcoming days. once this white house and this president might say, you see the video there of what happened earlier today, and how this may or may not impact the trade talks in the upcoming days and weeks, still a big to be determined but something of course we will closely follow. we did hear, though, from president trump over the weekend saying that the talks with china
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are moving along well, but not moving as fast as he would like. the president also took issue with some of the reporting regarding the level of tariffs that could be rolled back, though he did get specific when asked about it. chinese sources, as we have been reporting, tell us they want the tariffs rolled all the way back by the end of a complete trade deal with the u.s., while the u.s. is only open to some of a rollback according to sources. the president though, over the weekend, did acknowledge as he put it that there is a quote, difference on tariffs. listen. >> we have to make the right deal for the farmers, manufacturers, for everybody, and if we don't make that right deal we're not going to make a deal. reporter: if you get the phase one deal -- >> you'll see. there's a difference on tariffs but we are going to always get tariffs. reporter: so relative quiet today on the trade front but that could change tomorrow as president trump will be up in your neck of the woods, as he will be giving a speech to the new york economic club and certainly that will be one of the focuses there. liz: thank you very much.
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blake burman. quick check of the dow. we are up 20 points. note here, we had been down 163 this morning. the turmoil in hong kong is just one more issue that's stressing out traders in the coming year but guess what? it doesn't even make deutsche bank's list of the 20 biggest risks that face the stock market in 2020. they just put out this list. we wanted to get it to you. income inequality or a different version of it, taking the top spot. wealth, income or health care inequality as deutsche put it. jpmorgan chase ceo jamie dimon addressed that issue on cbs "60 minutes" last night. >> i think it's a huge problem. i think middle class incomes have been kind of flat for maybe 15 years or so and that's not particularly good in america. liz: with the top banks and bankers in the world worrying about the market risk of income
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inequality, particularly in light of what could be a turn to maybe a liz warren presidency, dho how does one invest? are there specific areas, regions, sectors, where you could look at this and say all right, let's say not much will change and the wealthy will become wealthier and the poor and middle income will stay where they are? scott redler, how would you invest? >> first of all, i would not panic. remember back in the 2007, '08, '09 crisis, if you bought s&p funds every month, you did just fine. just in case there's a new party in the white house, and we do get a big market correction, stay the course. do not sell. because if the market does go down 20%, 30%, i'm sure whoever that is won't get a second term. anyway, stock wise, go with apple. apple proved the test of time. fundamentally it's rock-solid. they are diversifying their business, they are not just a hardware company. they are now a service company. they give you a dividend, they buy back, they have cash, over $200 billion just in case it's
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prolonged. buy apple mange suand make sure the course in s&p funds for the course of that time period. liz: putting aside the fact i was surprised the trade war did not make the top 20, maybe deutsche is more positive about that, the income inequality issue going forward, even if you've got a couple bucks at the end of every paycheck to invest, are there names that would be the better locations to put that money and sock it away? >> you know, i think right now, when you look at the possibility of income equality, none of the answers that are out there right now that we are hearing from mainstream candidates is actually going to solve it right now. you know, listen, if we get a president warren, apple might get broken up so that might not be a safe place to put your money. there are going to be focuses on breaking up companies like amazon. so at the end of the day, you want to be buying the retailers, names that are going to benefit from that kind of a situation. but getting back to income equality, taxing the rich historically has proven that it
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doesn't actually improve income equality. in fact, during the obama administration they expanded it even quicker. the fastest way to do that, of course, is allow -- educate the poor into better investments over the long run. that means getting -- teaching people, educate them about 401(k)s, putting money away from their paycheck and even if the government has to do that a little bit, that would be much better than trying to take money and trying to redistribute it. it won't be very efficient. liz: education but certainly higher education has gotten so expensive. is that any area you would look at or are there better places as an investment to go when we know that it will take a long time to turn this huge gap into something that's filled up with a bridge? >> well, you kind of hit on two points because higher education, if warren becomes president, i don't think the stock market's
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going to go down 20%. but she will go after predatory lenders, universities for profit, a lot of these universities that bring in students where the poor or lower middle class are trying to get an education and then they get straddled with a lot of debt. avoid those areas. avoid some of the other areas that are bad for the environment. i think she's going to -- she's been more careful about that. i would look at more solar companies, look at companies that are making investments into the environment. i think some of those things are going to be really important. i think overall, no matter who comes in, this income inequality thing is a huge problem, and the solutions about it, about taxing the rich, how about just changing the tax code and also as you know from the panama papers, just because there's a certain tax rate doesn't mean everyone is paying it. you saw how many people are socking away money, billions and billions and billions. maybe enforcing the rules first might be a better idea. liz: brexit was the 20th, on the
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top 20 list. just want to say u.s. government debt level will begin to matter for longer rates. you guys should take a look. we will put the top 20, the deutsche bank puts out there as the problems for 2020, on facebook.c facebook.com/lizclaman. we appreciate it. thank you so much. i need to get to this. without boeing, the dow would probably be in the red. with 47 minutes before the closing bell, the aircraft maker is winging its way to the very top of the dow 30, spiking by 5% after saying that it expects the 737 max to resume commercial service as soon as january. now, this is a moving target. they changed this date a lot. keep that under your hat. the entire fleet of the 737 max, as you know, has been grounded for nearly nine months in the wake of the deadly lion air and indonesian air crashes. right now, shares up 18 bucks to $369. up next, we are going to
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take you to the floor of the new york stock exchange on why a different dow stock is the true deal of the day. and just weeks after its introduction, the cutting edge apple card is under fire already. the new claims sweeping up both its creator and credit backer, and who is really to blame for what critics are calling a gender bias? that and much more coming up on "countdown." ♪ ♪ ♪ ♪
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to jackie deangelis live at the nyse. reporter: shares of wba are up today big-time after reports that kkr is approaching walgreens about a deal to go private. bloomberg is reporting there is an offer that's been made but no certainty that it's going the lead to something definitive. barron's just put out analysis on this saying this would be a difficult transaction to pull off, mainly the amount of equity that would be needed to finance a deal like this. if a deal went forward, it would value the drugstore at $57 billion and it would be the largest lbo in history. walgreens hasn't commented, neither has kkr. from a fundamental perspective, barron's highlights the fact walgreens has struggled because the retail fapharmacy business general is more competitive. earnings were down, roughly flat earnings projected going forward. barron's last week noted that a sale of walgreens boots to berkshire hathaway could be interesting.
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could be that that $128 billion was burning a hole in buffett's pocket. liz: he is dying to spend that money. it's all he thinks about. right? reporter: this could be a potential for them. but berkshire, mum's the word on that. liz: always, right? jackie, thank you very much. jackie deangelis from the floor of the new york stock exchange. putting it all, and i mean all, on the line. with the closing bell ringing in 41 minutes and the dow clinging to nine points of gains, we know on this veterans day you have heard a lot of veterans' stories. but we've got a trifecta that will floor you. here in studio, army master sergeant george vera, paralyzed after being shot four times during an attack in afghanistan. the purple heart recipient, not letting anything stop him from turning injury into athleticism. how he found a whole new way to represent his country and the little girl who inspired him to do it.
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he's here live on his journey from the battlefield to co-captain of team usa to take the invictus games by storm. in a three for one special, the amazing comeback stories of fellow purple heart staff sergeant aaron hale and sergeant joel tavera. these are my guys. plus the common thread that helped all three of these heroes to move on and up. got to hear what's next.
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fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. one of the things i most enjoy doing is going into my dad's room, where [ inaudible ] which i want to do is grow up to be special forces. when i go into that room, it's like so special to me. it shows me what he did and all
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that he did, and shows me what freedom is, what freedom costs. for my dad it cost so much for him. it cost his legs and his best friend. they gave us a house, they gave us a house that he can do anything in. liz: isabela vera is the daughter of army master sergeant george vera. george was shot in the spine when his base came under attack in 2015, suffering a severe spinal injury that left him in a wheelchair, depressed and unable to move or move forward in life. until building homes for heroes raised money to build mortgage-free houses, customized specifically to the injuries of our worst wounded soldiers returning from the iraq and afghanistan wars. moving into these homes that
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work with their new reality has in turn, allowed them, like u.s. army staff sergeant joel tavara who burned in an attack and blinded, went on to get his college degree to contribute to society, or staff sergeant aaron hale who was blinded when a hidden improvised explosive device blew up as he was neutralizing another. he was able to come home and start a growing confectionary business, eod, extraordinary delights. eod is one of an estimated three million veteran-owned businesses in the u.s. you definitely want to hear about this one before christmas. we are so honored to have here in studio, my three heroes, aaron, joel, and george, with his daughter isabela. when i saw that, on the building homes for heroes website, i was so touched by that. it's so great to have you and your dad here today. >> thank you. liz: listen, our pleasure.
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george, let's talk about what having that home did for you and what you're doing now, because you don't have to worry about a mortgage or putting a roof over your family's head while you're paralyzed. >> so for me, when building homes for heroes gifted us the home, it allowed me to look to the future and not have to worry about where we're going to be. it gave me the sense of okay, so what do i need to do to continue on with my life now that i'm paralyzed. for me, it was all about adaptive sports. since 2018, i have done the warrior games, i did the invictus games. i did the warrior games this year. i have also been named co-captain for the invictus games in 2020. liz: amazing. i isabella, you explained what life was like before that home. you had to live in an apartment. that affected you because your dad couldn't put you to sleep at night. it was very difficult. talk about the change from then to now.
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>> so in an apartment, it was really small. he couldn't shower in his own room, he had to go to mine and he wouldn't leave his bed. [ inaudible ] sometimes he couldn't move and he couldn't do a lot of stuff that other people could do, but when they gave us the house -- liz: the founder of building homes for heroes.org. >> when we got the house, he could do way more stuff than he did. like we have an accessible pool which we can go swimming in or really accessible bathroom or a
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space where he can roll around the house. liz: is it fair to say it's really changed all of your lives? i want to turn to the guy next to you. joel, staff sergeant joel tavara. we go way back. i'm so happy to see you. it's been too long. >> i'm blessed to be here. liz: in the time since i've seen you which was 2015, because he's been busy -- >> yes. i went back to college. liz: he went back to college. tell us about your experience and the degree that you have gotten to move forward in life. >> my home, that was gifted to me in 2011, which is obviously during my recovery, in the beginning, as you remember on hannity, also on your show, i was in a wheelchair. i was speaking one-liners and during recovery it was very helpful having a stable environment, just a set place to be. i live in an apartment, it wasn't the greatest but it wasn't the worst. george knows how to deal with
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it. it's not the greatest but he's a huge blessing, when i was gifted my home in 2011. it gave me a platform to continue on with my life. recovery became a lot easier because i came back home to something that was mine and i didn't have to move out of it and it's mine. liz: your mommy and poppy, i talked to them many years in a row, and they were told you wouldn't make it. >> yes. they were told, i was burned, the burns, the blast, it was not the greatest in the world but -- liz: okay. that's an understatement. >> it is what it is. worse things have happened to others. it's all perspective. i'm blessed to be alive. i've got a platform that's allowed me to be the first college graduate in my family, my particular family. liz: congratulations. what's next? you want to get your -- >> master's. liz: in what? >> i applied for a master's. i applied for social work. i decided since then i don't
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think that's the route i want to go. master's of business administration. liz: well, we hope everybody watching just gets this guy to come work for their company. you are so much an inspiration to me and my kids. julian and gabby remember hanging out with you. they love you and said to say hello. i turn to staff sergeant aaron hale. you and i also go way back. it's great to see you. you actually were able to start a very successful business. tell us what, having the home was able to do, because you had a customized kitchen that had braille in it and now you make incredible chocolates. >> it's great. so much is going on in my life and it's because of the building homes for heroes home, peace, freedom, security, stability. i was able to chase my dreams. you know, i was injured in 2011
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but i also was almost killed by bacterial meningitis in 2015. i lost both my eyesight in the blast and my hearing during the illness, so cooking became my therapy and from that, was born a terrific candy and fudge and chocolate company. liz: i am here to say that the salted caramels are to die for. give us the website, because the last time you were on about a year ago, our incredible viewers piled in that we knocked the entire website offline for a short period of time because so many people wanted them. >> that was a much-needed boost in the arm for the business. thank you. eodfudge.com. follow us at eod confections on twitter, facebook and instagram. liz: george is sitting here with
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isabella. how old are you now, sweetheart? >> 12. liz: she's 12. maybe you can give aaron and his wife michaela, who is in the green room, a little bit of advice. you guys ready for the most amazing part of aaron's story? twins. owen and wyatt. wow. now, you are blind, you and i have joked about this because he's the one who joked about it, so you guys know. how do you tell them apart? >> i thought defusing bombs was scary. try doing diapers when you can't see. liz: exactly. listen, george, good luck to you. thank you so much. >> thank you very much. liz: good luck to you, isabella and joel, you are all our heroes. i hope every viewer out there understands what has enabled these three unbelievable human beings and americans to do and that is be contributing members of society simply because andy put together building homes for
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heroes.org and we give tricked-out customized homes for these specifics injuries to our heroes returning from iraq and afghanistan and to some gold star families as well. so if you would like to help, it would mean so much to me. i know i ask you guys on occasion for this, and anything you can find, $5, $50, $500, whatever it is, we will take it. building homes for heroes.org and also take part in the 11-11 pledge. we crashed your site again. i'm just being told. aaron, we crashed your chocolate site. you got to get an i.p. guy in there right now. eod fudge.com. nobody can have these except isabella. i will share them with you. guys, thank you. thank you so much on this veterans day. we appreciate it. "the claman countdown" is coming right back. heading into retirement you want to follow your passions
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liz: both apple and goldman sachs and a little bit of a hot seat at this hour. new york regulators are now saying they will look into allegations of gender discrimination against users of the new apple card, which is administered by goldman sachs. you may have already heard, varney started talking about this, allegations blowing up on twitter. tech entrepreneur david hanson tweeted that he applied for the apple card and in turn, the apple card offered him 20 times the credit limit that his wife
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got, despite their shared assets and the fact that she has a higher credit score. then a whole bunch of people started chiming in, including none other than apple co-founder steve wozniak, who claimed that apple discriminated against his wife in the same way, that he got ten times the credit limit. she didn't get very much. so goldman immediately out out an announcement, adamantly denied ever making underwriting decisions based on gender, as there is no field for gender in the card's application process. but the scenario certainly raises questions about the pitfalls as more and more decisions are made not by the humans at apple or goldman sachs, but by algorithms which may intentionally or unintentionally be agained gender-biased. we thought we have to bring in people who know about this stuff. russell hawley, let me begin with you. this is not good p.r. for a brand new issuing of a credit
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card, is it? >> it's not. this is unfortunately kind of a trend when it comes to apple, for getting this kind of reputation for being kind of anti-women. this starts with in 2018, there was a 9% wage gap between men and women that worked for apple. apple regularly received criticism for not having enough women on stage during its major events. there's just been a long time in between software releases for things like, you know, reproductive tracking features and things like the apple watch and iphone. liz: yeah. but ted, i have studied this because i worked with the united nations on gender bias in artificial intelligence, these algorithms are built intentionally or unintentionally to really favor men over women. so what does this say to the goldman sachs and apples of the world? >> well, look, discrimination is wrong, it's illegal when it comes to credit card rate
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setting. we don't know exactly what's going on here in this case. the new york department of financial services is investigating. i would point out that credit scores are really complicated, and even as somebody who covers this for a living, i have been surprised sometimes with my own score. like for instance, i get a score from my mortgage company that's 40 points lower than the score i get from one of my credit card lenders. there's a lot of different scores, lot of differential go rits. certainly bias should have no role in this but it's a little hard to unwind some of these stories we are reading on twitter. it may not be as simple as they are making it out to be. liz: well, yeah, that's why i'm not giving anybody a pass here, but i am saying that there is a deeper story to be told here, russell, and you studying mobile and anybody who has a g-mail account now, as you are typing an e-mail, it's finishing your sentence. how does it know what i'm going to say? how as they apply will they know
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which people have money and which don't, especially when it's a married couple and the developer david hanson said the card offered him that credit limit that was 20 times greater than that of his wife. now, let's just assume they apply together and everybody knew they were married because their account matched. you got to tell me how that happens. it's gender bias in a.i., is it not? >> yes, i mean, that's certainly the direction this investigation needs to head and the really important thing to keep in mind when dealing with any form of artificial intelligence at this stage is it always starts with whatever the default base model is. any kind of artificial intelligence, the core way of how it works, it's fed a certain amount of information and builds off that information and then it starts being able to quote unquote, make decisions based on the information being given to it. if the base model that goldman or whoever was providing that credit monitoring system was building, if that information was predominantly male when it was giving that information to the artificial intelligence,
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it's not something that was likely even intentional but that is certainly what we have seen with similar examples of artificial intelligence based bias in the past, the default ended up being just a guy. liz: in fact, rating resumes, when a.i. reads resumes, they have been shunting in many cases female resumes to the lower paid jobs. that's just a fact. ted, what kind of message does this send the credit card companies out there about future applications and the process through which they sift them? >> well, this card is definitely getting a lot of publicity and i know that regulators and card companies are well aware of the rules. what i would do if i were investigating this would be follow the money. that's what we always say, right? but something that's interesting here is that you self-report your income on a credit card application, than to me is a really murky part of this. the credit score has its pros and cons. at least we largely know what it is. when you report your income, you are self-reporting it. it's kind of unclear, even for those of us who study this, do
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you put last year's tax return, do you put what you project for this year? if my wife is applying for a card, will she pick the same one i pick, does she include investments? this is really on the honor system. i think that that really may be a core tenet of this, is are we reporting the same household income even within a married couple. liz: yeah. it is not necessarily a brave but a new world. russell, ted, thank you so much. this will not be the last that we hear about a.i. making choices that people don't really love. thanks so much, gentlemen, for talking about this for us. dow has turned negative, down eight points. it's been a very touch-and-go day. we will come right back with much more and who is the next head of wework? a name is being floated. it's a big one. any comments doug? yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need.
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boost from jeffreys. the bank raising its target by a hundred bucks from $300 to $400. currently, tesla is at $345 at the moment. $345.59, to be exact. but that's a nice 2.5% gain. it maintained its buy rating on the company saying tesla is set to stay ahead in the electric car race. tesla also unveiled its first vehicles built in china, allowing local media to take test drives. don't forget, next week, elon musk, the ceo, will unveil, this is going to be a big deal, the cyber truck. all electric pickup truck, thursday, november 21st, near the spacex rocket factory. fox business will be there. from the electric car race to tech giants jumping into the political race, connell mcshane here now with a preview of what's coming up on "after the bell." connell: yeah, we have a couple stories involving amazon, one in which the company spent a lot of money on the seattle council
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elections and apparently, that spending backfired on the company. we will talk about that and also about jeff bezos out there reportedly encouraging mike bloomberg to get into the presidential race. that and more. mike huckabee is on. a lot coming up at the top of the hour. liz: did you see my veterans with the eod chocolates? aaron hale? we crashed his website. i'm not proud of that because we need him to get the business. we are telling our viewers, it's still down, because so many of you went to buy these amazing chocolates. connell: that's pretty cool. liz: great holiday gift. just wait because they are going to get the i.p. guys. connell: that's right. then we can get back after it. pretty cool. liz: very. connell, thank you very much. see you at the top of the hour. by the way, the rumor mill is swirling. with the closing bell ringing in 12 minutes and the dow still down about two points now, wework, here's the big rumor, looking to get things back on track. the troubled company searching for a new ceo to replace ousted cofounder adam neumann. that's not the rumor. the rumor is that the man in
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liz: the man in magenta, john legere, has been at t-mobile for years but could faltering real estate company wework actually get him to jump ship? he probably loves the challenge. >> i'm just going to tell you what i know we can, you know, surmise. i'm not going to take a shot at anybody else's reporting but this is what i have been able to basically confirm. two things. legere made it clear to people inside t-mobile that after the
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deal with sprint is closed, and by the way, this is still a fairly heavy lift, it is not closed yet, he's talking about a potential repricing because the value of sprint has declined since they first announced the merger and since it was approved by the doj. also, let's face it, it's facing a serious threat from the state a.g.s, right? so that's one thing he has to do. but he wants out if this thing closes, from what i understand. in say six months or so after it closes. liz: those two are not the same person. that's the thing. the guy on the right -- >> that's legere. here's the other thing we know, we do know there had been some talks. the minute adam neumann was ousted from wework as ceo, there was talks between legere and wework about him joining as ceo. you know, his friend and business partner before he left
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spri sprint, marcel cloure -- liz: do you purpleosely mispronounce? >> you like to overpronounce french stuff so much. i want to hear you say it. anyway, we do know given their relationship, there has been some talks. now, i can't tell you whether this is going to happen. i don't know how preliminary or how serious they are. the companies aren't commenting. we have gotten this independently confirmed from people close to the companies. so i'm not saying this is going to happen, not saying it's not going to happen. there's a lot of ways it makes sense in the sense leg efrmd er gone. softbank is running wework. masayoshi son is known to pay people. but it's wework and it's what's
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known as an s-show. not going to say the word. it's a very difficult situation. again, i can't tell you the seriousness of these talks. liz: okay. >> i can only tell you they have been talking. liz: charlie, thank you. charlie gasparino. dow is down 10 points. we will be right back. don't go away. people think my job is easy. you just go on tv and talk, right? well, each season there's over 1,500 players and hundreds of games... plus passing yards, turnovers, injuries... we have to be ready to analyze any of it, on live tv. if we fumble on air, that's a problem. ibm watson helps us wrap our heads around all that data, and quickly find relevant insights using ai. so we can give every fan the best show possible. ♪ ♪
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♪. liz: any gain for the dow would have been a new all-time record but again not happening at the moment. we're down six. s&p down seven. nasdaq down 15. my next guest says, don't fear that or any volatility that you see. why not? we're joined by portfolio manager lamar villory. we shouldn't fear that? >> no, absolutely. that presents opportunities all the time. if there was no volatility, my job would be pretty boring. we enjoy it. liz: what is the strategy for the moment when we don't have a lot of clarity on the trade deal
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or some of the other issues, hong kong is issue of the day that appears to be hemming in the markets? >> sure. obviously there are different factors cause different things to move in different stocks, right? you look for things that get a little overblown, either to the positive or negative, in there you find some opportunities. you know, for a while, you know, all of a sudden it would be "medicare for all." so the health care stocks were all reacting, in crazy different ways. and you know, we took a step back, we said we don't think that will necessarily happen. this is a little bit overhyped. where there is some opportunities. you're able to fine things that are expensive or cheap. liz: e-health, progressive corp, lamar, thank you for joining us. maybe something lamar said, got markets above the flat line. too close to call.
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the dow just turned positive if it holds. [closing bell rings] a new all-time record for the dow jones. there goes the dow. i will throw had hot potato to melissa. melissa: we'll take it. major averages off the low for the session, the company revealed 737 max should return to commercial service in january. we're watching it here, the dow fighting for gains. looks like it will close up about 11 points. that is going back and forth settling out in the final minutes. any gain in the index would mark a new record close. melissa francis, happy monday. connell: happy veterans day. i'm connell mcshane. welcome to "after the bell." we'll give it a minute. s&p and nasdaq still in the red. still hovering near record territory. here is what is new at this
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