tv After the Bell FOX Business December 13, 2019 4:00pm-5:00pm EST
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out of the bottom of the semiconductors. liz: it's great to see you eric, thank you so much. folks it appears we will definitely have a record close for the nasdac, maybe too close to sell for the s&p. have a great weekend. melissa: ending the week in the green, major averages hitting record highs as phase i of the trade deal between the world's two largest economies is completed. the dow, is ending in positive territory, we've been seeing it flip back and forth looks like it's up three points. i'm melissa francis. >> i'm deirdre deirdre bolton in for connell mcshane, this is after the bell, for the s&p 500 fighting to close at an all-time high the nasdac hitting the mark for the second day in a row if you're counting 23rd of the year of course we have fox business team coverage for you, gerri willis on the floor of the new york stock exchange, edward lawrence at the white house, hillary vaughn on the ground in d.c., edward we start with you.
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reporter: yeah, deirdre this could be the biggest trade agreement of all-time, possibly. we have to look at the numbers here. the u.s. touting some real structural changes in china, saying also that this agreement will be signed on paper and signed the first week of january now the chinese are saying this covers some very big items, really big sections, including protecting intellectual property , increasing those protections, those deals of the force transfer of property, ending that, opening market access for financial services firms, and china agrees to stop manipulating its currency. the president also says china's agreed to buy a lot more agriculture from the u.s. but would not put that number in writing. president trump: i think they will hit $50 billion in agriculture, much more because it's also manufacturing and other but i think in agriculture they will hit $50 billion. they were already buying, even before the deal is signed, they're buying. reporter: and as senior administration official late this afternoon says the chinese
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agreed to buy 40 to 50 billion in agriculture each year for the next two years, and that's enforceable language, inside this deal. now also, tariffs on both sides will start to come down. the president, or u.s. decided september 1 tariffs will go from 15% on 120 billion in imports down to 7.5%, but the 25% tariff s on 250 billion of import s will remain. the chinese also reducing import s. now the president says that remains to make sure or those tariffs remain to make sure the chinese follow through with phase i, but also start negotiating phase ii. the chinese requested according to him, to start phase ii negotiations immediately. president trump says this agreement sets up the u.s. economy & companies for years to come. there's enough detail in what's been agreed to at i'm personally astonished at the successfulness of these talks. they've gone up and down as you know.
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now it looks like a real breakthrough. reporter: you see there his trade advisors also agree with that assessment. senator chuck schumer releasing a statement he supported the president standing up to china but in this the president is caving to an unreliable deal, that is just on an unreliable promise from china. history will see where this deal falls. back to you. >> edward, thank you. melissa: all three major averages up for the week. let's go to gerri willis with more. gerri: what a strange day we finally get that trade agreement and the market shrugs. the nasdac and s&p closing at record highs, s&p 500 on pace for its third straight week of gains up nine of the past 10 weeks so good news in the markets even so, i want to tell you though about those lackluster retail sales we got out this morning coming in up $ two tenths of a percent, we expected up half a percent, didn't happen, and in fact in bars and restaurant sales were actually lower, so that was not very good news. you can see the retailers here,
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mixed situation target, tj maxx, macy's all down, lowe's higher seeing a little energy here from walmart, but the rest of those stocks lower as well. what retailers are saying as you well know is that it's a shorter holiday spending season and they're blaming it all on that but you probably think this too. i've heard that excuse before, back to you. melissa: absolutely, gerri thank you. >> a milestone deal, beijing and washington, reaching phase i of a trade deal, paving the way for a working framework at the very least, between the world's two biggest economies. the terms are, as edward lawrence was telling us the u.s. canceling new tariffs, meant to start this sunday, and the u.s. also cutting the tariff rate in half on roughly $120 billion of goods, from 15% to 7.5% beijing in turn agreeing to purchase american farm goods and other products. with us now, u.s. china business council president, ambassador craig allen, ambassador thanks in advance for the time, for lending us your expertise.
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what do you think about the terms that we've all heard so far? >> well there are very few details other than those that you just discussed. there was a press conference at around 10 p.m. in beijing, and they confirmed all of those details, and we're looking forward to seeing specific commitments by both sides on paper in the relatively near future. it's very difficult to determine the implications of this agreement at the micro economic level for each company until we see the details of the agreement >> speaking of detail, ambassador, u.s. trade rep robert lighthizer said that china made specific commitments on intellectual property, so including counterfeiting, patent and trademark issues, pharmaceutical rights. he said that the ip commitments will be announced in the future. what do you think is realistic to expect as far as changes in i
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p? this has been central to all of these tariffs being imposed on both sides but it's basically the u.s.' chief complaint. >> so i agree it's a very important part of the dispute. the chinese have made considerable amount of progress in this area over the last year, and it appears that ambassador lighthizer has achieved additional commitment by the chinese which we expect to be rolled out in the near future. i think it looks very good for the pharmaceutical industry, particularly, and the software industry. both of which should be able to get a higher percentage of revenue from chinese customers in the mid-term. in addition, i would expect a much stronger crackdown on counterfeiters including jail sentences that are really going to stop the practice, rather than merely slap the wrists. >> so ambassador that's
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actually pretty optimistic because a lot of cynics say the chinese will say whatever they have to say but they're not going to change their laws to prevent theft but you're saying in at least two industries, pharmaceutical and software, you think that changes actually will be effected. >> the chinese are changing their laws. not to help us, but because, rather, it's in their own interest to do so. china is becoming an innovative country, and in order to continue that momentum, they need better intellectual property rights, so they would have done this anyway, but we are making, we are -- >> making a case for them. >> that's right and they will do it in a more aggressive and on an advanced calendar with this outside pressure. it is this agreement is good for both sides. >> okay well then that's why it's a win ambassador. thank you so much for the time. >> my pleasure thank you. melissa: democratic candidates strike against their own debate. top contenders are threatening
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to boycott the event next week over a labor dispute. hillary vaughn is here with the details. reporter: well they have a venue for the democratic debate next week but they may not have any candidates on this stage because all seven candidates that qualified say they will not cross the picket line that will be happening outside of loyola university. it was supposed to be center stage for the debate. instead it is now the back drop of major labor dispute after stalled contract negotiations for foodservice workers with their contractors, local 11 says they are picketing the debate saying "we had hoped that workers would have had a contract with wages and affordable health insurance, before the debate next week and instead workers would be picket ing the candidates come to campus. local 11 represents over 32000 hospitality workers in southern california and arizona and now they have the backing of all seven major candidates for president. former vice president joe biden tweeting i will not be crossing the picket line. we've got to stand together with
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united 11 for affordable healthcare and fair wages. a job is about a lot more than just a paycheck and it's about dignity and warren is out too even if it means missing the debate saying united 11 is fighting for better wages and benefits and i stand with them, the dnc should find a solution that lives up to our party's commitment to fight for working people. this is not the first union dispute that has caused problems for the dnc. they already ditched their first venue pick at ucla, and had to cancel that over a union picket and now, less than a week out, they have a venue, but so far no one is showing up as long as the picket is happening outside. melissa? melissa: maybe they don't want to debate because they had 5,000 debates hillary thank you. >> it's always a possibility right? >> it's logical. >> an escalating outbreak there's a new warning from health officials about e-coli linked to romaine lettuce. the fda is investigating the latest case. melissa: plus perfecting the scam, rob o callers are stepping up their game and it is putting
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reporter: it's going to be quite a week on capitol hill, the judiciary committee approved both articles of impeachment. they now go to the house rules committee on tuesday. the rules committee will do what the rules committee does, establish a rule. that focuses on what the debate will look like in the house of representatives, on the articles of impeachment, next wednesday, and probably even thursday. we don't know for sure, i was told by one senior democratic source that they expected full debate at least on wednesday, but they could wrap it up on thursday, and if they wrap it up on thursday, that is december 19 and that is the same calendar day that the house voted to impeach president clinton in 1998 and again, it would be two distinct debates and two distinct votes on both articles of impeachment, that will come next week melissa. melissa: it moves over to the senate at that point, long trial , short trial, call witnesses what's your feeling? >> nobody knows what this would look like the key is whether or
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not the two senate leaders, majority leader mitch mcconnell and minority leader chuck schumer could get a deal. i spoke with the former senate parliament about this. listen. >> potential banks yield is as yet the lines are not on the field yet. i don't know if it's going to be 100-yard field or a 200-yard field and whether you can get a series of first downs and keep going. reporter: some democrats are concerned that the field that fr umin talks about could be tilted in favor of president trump during a senate trial and a body controlled by republicans jamie raskin is a democrat from maryland and serves on the house judiciary committee. >> i wanted to see it for my own eyes because i couldn't believe it when i was told that senator mcconnell said the senate was working directly with the white house to setup the rules they want. that is a complete surrender of the constitutional duties and
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perogatives to senate. reporter: i want everybody to keep an eye on jamie raskin in the next couple of days. he could be what we call an impeachment manager. these are the prosecutors at the house of representatives sends over to the senate to present the case there. i tell you that is a coveted spot. it's kind of like trying to be a high draft pick in the nfl. melissa: so what are the other priorities on the house's slate next week? >> next week is the week that broke congress. as i talk about this, they have to fund the government. you know that's probably going to be at least in the house of representatives early in the week. then they go to impeachment. they want to get the appropriations bills to avoid a government shutdown avoided, they want that done early in the week so the senate can process it later in the week they have until next friday, and the senate usually takes a little more time so we have to get that out of the way and some time early in the week next week , the house ways and means committee will have what we call a markup, where they actually finalize the usmca and then they will bring it to the house floor
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probably at the very end of the week that will be the punctuation point on the sentence, but it's not going to come up in the senate until after a senate trial according to mitch mcconnell the majority leader melissa. melissa: another busy week chad, thank you. >> flashback friday three years ago president trump said we would be calling him mr. brexit, when all was said and done. now, many said at the time, he was going to win the election even though the polls were showing otherwise, same situation as brexit but his comment was confusing at the time, but listen now a former presidential candidate will join us next. he will tell us if he thinks that the uk election that we just saw will effect our 2020 presidential race. steve forbes will be with us, and ford issuing a massive north american recall on a very popular pickup model we'll bring you the can't miss details later this hour. there's a lot of talk about value out there.
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>> it means that getting brexit done is now the irrefutable, irresistible, unarguable decisions of the british people. melissa: a huge win for boris johnson, and his historic election, greg palkot in london so basically a huge win for the prime minister and now it means a fast forward brexit, right? >> we will see, deirdre. certainly a huge win, a little bit of unrest as well. we've been tracking tonight some angry protest in the streets of london, right around downing street the home and office of uk prime minister boris johnson as well as the houses of parliament and the police are tangling with these protesters and some other protests in the cities in the uk but yes for the most part the public was generally pleased about the result. johnson's conservatives winning
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365 seats in parliament to 203 for the opposition labor party after a campaign and as we're watching aftershocks, johnson today appealed for calm, take a listen. >> i frankly urge everyone on either side of what after three and a half years after alan increasingly arid argument, i urge everyone to find closure and to let the healing begin. >> it's just exhaustion over this brexit issue, one contributing factor to johnson's success also another reason the far left labor party leader jeremy corbyn and what some say are pretty radical far left ideas, turned to domestic and foreign policy, and some in the united states, like democratic president hopeful joe biden today noting that could be a lesson for the democratic white house field, not to stray too
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far to the left and president trump seems to be pleased by it all and he commented and sent tweets out congratulating his friend, he's a backer of brexit and he promised a fast u.s. /uk trade deal and noted that johnson's win might be a good sign for him, in the 2020 race take a listen. >> i want to congratulate boris johnson on a terrific victory. i think that might be a harbinge r of what's to come in our country, i'm sure people will be thrilled to hear that but a lot of people will be actually. >> there is an old add age though, deirdre, i think all politics are local and some of the analysts seen here might advise that of their americans. >> what a three-year time slot, greg thank you. melissa: here now to discuss is team forbes, forbes media chairman, so what struck me about this, steve, was you know, how wrong everybody was in handicapping this race, how wrong the polls were, they
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didn't think that boris johnson was going to hold on to it much less have this kind of a blowout , and it reminds me that there are, you still can't, people don't feel safe voicing their opinion about supporting certain candidates in certain positions. you don't actually know until the votes are counted, where people really stand. what do you think am i right or wrong? >> you're right. it wasn't until election eve that the polls really started to show something was going to happen big but the polls were wrong in britain in 2016. they're wrong in 2015 when the conservatives won an election by far larger margin than the polls have indicated, 2016 they had brexit losing and it actually won, so people aren't willing to tell polsters what they actually think these days, and a couple things are remarkable about that election. one is how well boris johnson did among working class britain's they switched from a labor party to the conservative party and the other thing is,
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the massive reyou'd equation of labor leader jeremy corbyn, people were really turned off not only by his personality but his anti-semitism, his softness on terrorism and his total, pure , socialistic agenda of re- nationalizing everything including your own dog. it was incredible. melissa: yeah. >> it cost him. >> do you think they will actually brexit? >> yes, definitely now, johnson has got a majority, so he can actually cut a deal with much more flexibility than his predecessor did, and he will and the key thing after they have brexit is what kind of actual trade deal they negotiate with the eu. that still is unsettled. hopefully he will just go for a fewer free-trade area and minimize regulations that would be great for the british economy but another thing on the horizon is what's going to happen to scotland and northern ireland. you had some amazing results there in northern ireland for the first time ever, the irish
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nationalists won. you'll see a movement to reunite northern ireland with the rest of ireland and scotland is going to be huge pressure to have another referendum, boris johnson will sit on that short-term, but that's going to be more a contentious issue after brexit is completed next year. melissa: what do you think are the actual implications for the u.s. election, because everybody is drawing joe biden is saying oh, this means don't go so far left, that's a loser, president trump is saying oh, this means, you know, i'm going to win relationship, to me it means you still can't trust the polling, because when there are things that people just aren't comfortable, they don't feel safe, saying they support president trump so even if you tell them that you're doing poll ing or exit polling and that it's confidential they don't believe you, but do you think beyond the fact that we can't trust the polls, are there any real implications for 2020? >> yes, extremism does not work you have activists who are extremists that's how jeremy corbyn took over the labor party it wasn't the parliament
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colleagues who put him in there, but a primary system that gave the whip hand to the activist and the activist put him in. his own parliament party tried to throw him out several years and had a majority doing so but they couldn't pull it off because of their crazy rules so extremism does not win so it's no surprise biden wraps himself in that against bernie sanders and senator warren who has been compared to a jeremy corbyn so yes, he can take some comfort with it, b you but so can president trump. the british people and american people don't want to go on the extremes, period. melissa: steve thank you, great stuff always appreciate it. >> thank you. >> a growing cybersecurity threat, robocallers stepping up their efforts disguising themselves as technical support for a major company. we'll tell you how can protect yourself and your family next. melissa: yeah, just hang up the phone. plus you'll soon be able to start your morning in the sweetest way possible. general mills launching hershey kisses cereal. >> oh, my goodness.
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why not. melissa: that's a disaster. tiny chocolate cereal bits shaped like the iconic kisses but for consumers preferring fruity flavors this one makes my teeth hurt, the cereal brand is also unveiling jolly rancher cereal with each bit tasting like candy. everywhere, they're celebrating with a new business coming their way. >> it's available at select stores now, with a wider release next year, don't tell my children. >> and if you think you know your diamonds you have to take the same test that we put our colleagues to. find out how we all did. i can't wait. >> what are the four c's of diamonds? >> the four c's of diamonds? >> yes to check out good they are. >> oh, cash, i don't know. >> ♪ shine bright like a diamond, shine bright like a diamond ♪
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will take that up next year, after they hand all the impeachment trial, but this is tuesday is one week after democrats announce that they do have a deal, basically on usmca and they would go forward with it. they wanted to give members some period of time to look over the agreement, apparently that is until next tuesday, and then that vote comes up, again the first vote on ratification back to you. melissa: great news edward, thank you. >> a new twist on the old robo call menace has scammers pretending to be calling from applecare. they are really believable. brett larson with us now so brett, how do they have all of this info? i've actually been reached and they really do sound legit. they know a lot of information about all of us. >> well they more than likely grabbed your icloud information from any number of data breaches and that's not a data breach of apple anywhere you've used your icloud address, that's how they get your information to begin
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with. how they're able to fool you when they call you is their spoofing the apple tech support phone number, so when it comes through or yon phone, especially your iphone, it says it's from apple because your phone just matches it to whatever the incoming number is. >> luckily i did hang up on them and i called apple and said i just got this call and apple care said we have no idea what you're talking about. >> right and that's actually what apple says to do. hang up if you're not expecting a call don't answer it. hang up and let us know what it is they are asking for you. >> are the feds doing anything to stop these calls because i spoke to somebody else who actually went through with it, they take your credit card. they try to sell you this protectionist pretty advanced. >> they are pretty aggressive about it and the feds have done a lot of things over the past year or so they've been doing a lot of work on these robocalls the house passed legislation just in the past couple weeks, 417-3 so maybe there's callers included. >> i actually feel like that's bipartisan. does everyone agree it's a menace.
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>> everybody agrees it's a menace. they are trying to give more teeth to the fcc and the ftc, so they have the ability to go after these people and to empower the phone companies to put in more strict regulations and keep them all at bay. >> i'm for that. happier apple story, an iowa college student gave himself actually, he accidentally drove into a river so we're showing part of that now, but he lost his phone in the accident, but then he called out, siri call 911, so i mean -- melissa: wow. >> this is pretty powerful as far as technology helping someone. >> yeah, when we talked to apple about this it's interesting because they have so many stories about the apple watch saving people, indicating some sort of heart condition, or other physical ailment and in this instance it was hey siri and i know as soon as i say that my devices will light up but someone was able to quickly think to use the voice recognition to get siri to do something for him in this case call 911, which is, it's a great use of the technology and the
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voice recognition technology has improved greatly and what's awesome about it is because it's artificial intelligence, the more we use it and the more it gets to know us the better the technology is going to get. >> good stuff especially in situations like that. kid gone entrepreneur amazon dishing out $25 million for exclusive rights to a not yet-named documentary on the grammy award winning singer rihanna. this is according to a report from billboard, so this puts her on par with some of the netflix especiallies i've seen but not necessarily for musicians, i've seen more of the price range for comedians right? >> yeah, this is an interesting amount of money. it's a high amount of money, amazon if you're looking for documentaries i could sell you one. >> yeah, exactly. >> it's fascinating, well worth 25 million, but what's interesting is it's just a few days later in the week, billy ai lish signs a deal for apple tv plus but also for an unnamed
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documentary series which i assume is about her life and career. rihanna has had an interesting life and career, these streaming services are really ponying up a lot of cash to get this content and i think it's because they realize, when you're in the land of streaming, it's not like a broadcast network where you do it once and it goes out once and you put it on your streaming. >> listen she has her singing career, she also has the clothing line, she also has a makeup line she's done a good job so people other entrepreneur s will be very interested in her story. quickly here, ready for liftoff. boeing is going to be delivering holiday presents on the vessels in in in august all trip to the international space station nasa and boeing confirming the spacecraft are ready to go what do you think about that, giving santa a little help here? >> i love this so much it tickles my inner space nerd so far. they've had a couple of bumps in the road along the way but
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what's interesting is between boeing with the starliner and the spacex program which will finally be sending capsules to the international space station it'll be the first time that a capsule to the international space station has actually come from the united states soil, because we normally launching them on rockets out of kazakhstan and last time i checked we won the space race and put a man on the moon so it's nice to see us getting back into the swing of things with sending people and supplies to space. i'm excited to see where the starliner goes and i know this is probably part of when we finally reach out even beyond the moon to mars. >> i'm going to put you on the spot. we know everybody or a lot of billionaires want to send people to space for space tourism. would you go? >> absolutely! >> you would go? >> absolutely. i went on the comet a few years ago where they do the flight so you're weight less. it was awesome. >> wow i was like well i'm good at snorkeling. >> it's kind of like that, only you're, really, i think space
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tourism is definitely going to be a thing. i think it's obviously going to start very expensive we've seen $250,000. >> that's why i said somebody would just -- >> get it down to $1,000 and i guarantee you'll fill that aircraft every day multiple times a day. >> brett larson you're the best melissa: fox business alert the supreme court agreeing to decide whether president trump can be shield shielded from congressional and state subpoenas for his financial records, oral arguments will likely be scheduled for march, and we might have a ruling by early july. very interesting. we have been waiting to see if that is going to go all the way to the supreme court and in fact it is. if you are heading to the airport soon you'll want to stick around for this how you can score priority boarding on your next flight why doing just one simple thing. >> plus the second largest u.s. auto maker is recalling more than half a million vehicles over potential fire risks. what you need to know, next.
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here, it all starts withello! hi!... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. melissa: spreading the holiday cheer can get you on your flight sooner. i love it. alaska airlines is offering priority boarding to passengers wearing any kind of holiday sweater. it's for just one day though, next friday in honor of national
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ugly holiday sweater day. it's worth it. do it. wear it. >> a major safety issue to tell you about ford recalling more than half a million super duty pickup trucks, noting the interior could catch on fire, after a crash, grady trimbel with us from chicago with the very latest and catching on fire? well that's something not good. reporter: it doesn't sound good so we're talking about the bigger trucks that ford makes so think f250, f350 and f450 and specifically, super crew models from 2017-2019 these trucks were built at ford's kentucky truck plant between october 2015 and just a few months ago. the recall effects almost half a million trucks in the u.s. nearly 60,000 more in canada and mexico and you mentioned that fire, so what happens is theres apparently a problem with part of the seat belt that's triggered during a crash. it can create sparks and then that could set the carpet and
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carpet installation on fire and then it could spread throughout the rest of the truck. ford says it only knows of one time this has happened with any of these super crew models in the u.s. , and they're not aware of anybody getting hurt. if you have one of these trucks of course you can take it to the dealership they will fix it for you. take a look at ford stock that's down today by just about 1%, of course we can't say for sure, that's because of only this recall, but there you go. deirdre? >> have issues like this happened in the past? >> actually it's kind of interesting. ford issued a very similar recall, exactly roughly one year ago, september 2018, f-150s were having the same problem with the seat belt and there were actually a lot more cases of that that effected 2 million trucks. >> okay, grady thank you so much. melissa: i can't keep calm because baby yesterday a toys. yes, >> hasbro unveiling the official merchandise and
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collectible figures details next on how to order yours but i'll look ahead and beat you to it. plus they say no two diamonds are alike. well can you tell a lab-grown diamond from a natural one? we will quiz you and some of our favorite fox faces, that's next. >> i hate being wrong and i got to tell you i was wrong. so be nervous. >> okay. >> be nervous, great. liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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of italian designyears to and performance...rpiece ...and about 15 minutes for us to do this. blends right into the italian architecture! ♪ no no no no no! ♪ no, it's not in my records. you've got a lot on your plate. deliveries. billy, come in. shift times. i just need to know if it's there. compliance. can i get your 20? for 100 drivers. doug... doug? and where is doug? he should be sleeping. so should you. just because you're married to my sister, you could lose this job, billy! this isn't working. introducing samsung connected fleet solutions. with the galaxy tab active2, you can track driver shifts and timesheets and meet eld compliance, all from one device. samsung business solutions. a more secure diaper closure. there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people.
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quitting smoking is freaking hard.st,ce. like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette woman: friction points, those obstacles that limit a company's growth. i try to find companies that turn these challenges into opportunities. but by going out in the field, and meeting management, suppliers, competitors. in the end, it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers.
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that will generate value for our investors. i've always loved and i'm still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'll go for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? sharing my roots. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. eliquis, the number one cardiologist-prescribed blood thinner. ask your doctor if eliquis is what's next for you.
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♪ oh, ho! oh, ho, ho, ho! you... you got me. uh, what do you want? i've got uh, ai robots, i've got vr goggles. i want your sled, please. no. [ chuckles ] timmy. it'd be a shame if this went viral. for those who never compromise. the mercedes-benz winter event. whoa. he was pretty good this year. by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. >> ridesharing company lyft announcing the launched rentals in select cities in a blog post it says that customers can now rent cars right from the lyft app so users don't even have to
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pay extra for gas and their ride to and from the rental so up to $20 will be covered, as of now, lyft rentals are available for select users in the bay area and los angeles, also no going to the counter which is a huge selling point. melissa: huge. a symbol of lasting love, diamonds are one of the most sought after gifts for special occasions especially around the holidays. it is an $82 billion business globally, but can you tell a lab-grown diamond from a mined one? our very own jamie labella with some of your favorite fox business face, watch this. >> these look the exact same to me. >> put it in the light a little bit. >> i can't tell the difference. >> anybody who claims they can tell the difference is lying. >> i'm going to say that's real >> you got it right. >> this one was real and this is lab. yes. >> this one is the diamond in the rough. >> you're wrong. >> lab-grown, i believe is this
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on the right. >> mined. this is mined. >> lab-grown? >> shouldn't i know this? melissa: here now is lindsay rei nsmith and she is the director of sales and the coo, so people can't tell the difference with the naked eye. can professionals tell the difference? >> even with traditional jewelers tools you really can't tell the difference between a lab-grown and mined diamond because they are both diamond crystal carbon that actually takes really specialized equipment that costs several thousand dollars to detect but a lab diamond actually has too perfect of a crystal structure to come out of the chaos of the earth. melissa: so they do have a different structure tech [technical difficulty] technically. the other thing that makes it i'm told is that over time a lab diamond may not hold its value we don't know what it's worth in the future, prices have been going down, is that true? >> prices for diamonds both mined and lab have gone down a bit in the last few years, but it's not for the reasons that
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you think. over the course of 2010-2016 mine diamond production was about 120 million carats per year and just in the last three years, that supply has increased by 20%. the reality is a diamond is forever but their owners aren't. so with an ever-increasing supply there is going to be some effect on pricing. melissa: okay but it isn't a store value the same way when somebody gets a diamond for their wedding over time you can resell it, it's much harder to resell a lab diamond, you would conceive that? >> i would conceive that lab- grown diamonds are a much smaller market but by all accounts consumers should not view a mine diamond as a place to park your money. mine diamonds do not appreciate in value relative to inflation, and laboratory grown diamonds are able to be appraised, insured and resold just like lab diamonds my company in particular buys them back from the public all the time. melissa: so why would somebody want a lab diamond?
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it's cheaper, it's not that much cheaper it's about 30% less, they feel like it's more ethical , it's not a blood diamond give me your sales pitch every consumer has their own reasons but by all accounts value and origin are certainly influences on somebody's decision-making. i will say that on the larger and higher quality lab diamonds the price differential does tend to be closer to 50% off rather than 20-30%. melissa: it's interesting because so much of the industry is going this way, debeers has their own diamond line obviously one of the best known name in diamonds but they also have their own line of lab created diamonds. they've gotten a lot of heat for what people call blood diamonds, where do they come from, where are they being mined what are the conditions like there, what happens, and then the same way that things like organic and vegan and other things have become more popular, there is something about a lab diamond, you know, where people feel like it's more ethically responsible. it does have a big carbon
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footprint though to create a lab diamond. how does it happen? >> the laboratory diamonds are grown by recreating the conditions of nature in which carbon crystallizes into diamond s and takes about 1,500 degrees celcius and 1 million psi of pressure in order to form a diamond. it, to be very clear, energy is required to grow lab diamonds. they are not energy-free. it takes about 250-kilowatt hours to grow a 1 carat diamond which is what a u.s. household averages in about nine days. so let's talk about what lab diamonds don't do. they don't leave mile wide holes in the ground. they don't destroy tragic echosystems and watersheds and we're not having to go further and further and further afield in order to get them from remote parts of canada and siberia, where enormous amounts of diesel fuel are generated just to bring back those diamond s. melissa: and it's different from cubic z irconia, that's what in the past used to be the thing that passed for a diamond. this is totally different how? >> it has no carbon in it
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whatsoever. it's completely different chemical composition, whereas laboratory-grown diamonds are just like mine diamonds in that they are pure carbon. >> and they are very sparkly. melissa: it's amazing to us people couldn't tell the difference in the office so thank you so much. thanks for bringing them in. thank you for having me. >> what do you think? melissa: i'm pretty impressed. >> it was kind of the producer which she only asked me once because i was like oh, yeah i got this so she didn't ask me 10 times and take my average. melissa: but it looked pretty fabulous. >> it looks amazing. >> it's true to the naked eye i don't think you could tell. i got lucky with my guess but i don't think you can tell. >> if liz claman can't tell she is a diamond expert legal me tell you. that's very cool. melissa: well it is a gift we have all been waiting for, toy maker hasbro announcing that baby yesterday a toys are final ly hitting the market, just in time for the holiday season. the problem is which holiday,
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easter actually, memorial day, maybe, star wars fans can pre- order the official toys now, but they will not be shipping until may, the month of may that is. the shows creators wanted to keep the character under wraps before the premier on disney's streaming service, as you know that debuted at the beginning of november. so the lack of official merchandise based on the character has given rise to a black market, so people good at sewing or who have a manufacturing center nearby, well they're getting those baby yoda plus toys ready, if you go on" say and amazon you'll see what we mean. it's so popular in recent weeks by the way it is being talked about on social media twice as much as any 2020 democratic hopeful. can you believe that? >> i can. i think he's a little i think is a little cuter and republican side two. >> time magazine and business person of your took the photo with baby yoda.
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>> they did blower by not havinr for christmas gift. >> i am with you. it's been a great week. thank you for being here. that doesn't press, both numbers start right now. >> president trump confirming a phase one trade deal with china has been reached and while a temporary and a seven month trade war between two of the world's largest economy, wall street reaction is raising new concerns whether goes far or not. this is "bulls & bears", i am jackie, joining me on the panel, first let's go straight to edward lawrence at the white house. he has been following all the developments and details of the entire story. reporter:
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