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tv   After the Bell  FOX Business  December 23, 2019 4:00pm-5:00pm EST

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johnnie walker, smirnoff. [closing bell rings] they generate strong cash flow. kristina: we have 10 seconds. making it ring. another record close for major averages. that will do it for the claman countdown. connell: u.s. and china are setting to sign a deal shortly. there is the dow up 97 points. settles in at the close. third straight record close. 20th record close for the dow this year. good to be with you on a monday. i'm connell mcshane. jackie: i'm jackie deangelis? for melissa francis. s&p 500 record high for third day in a row.
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eight in a row for nasdaq. the longest string of records in 21 years. we have fox business team coverage. grady trimble is in chicago with the latest on the bowing shake up. -- boeing shake up. phil flynn at cme. grady, kick it off with you. reporter: no doubt, boeing new ceo, david calhoun will have his work cut out for him. having to get the 737 max plane back into the air. also winning back confidence of people who might have lost it in the company's 737 max. all of this comes after the now former ceo, dennis muilenburg has been under fire for his handling of the 737 max crisis. a lot of people say the company under his leadership was too cozy with regular -- regulators getting the plane to market. families of the victims said the company wasn't transparent enough after the two crashes and
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how boeing played at least a partial role in the clashes. boeing halted production of the plane last week while it works with the faa to get it recertified. the company says the new ceo will bring new commitment to transparency and better communication. investors like the pick, or at least muilenburg is out. it shaved 641 points off the dow since the second crash. i want to point out dennis muilenburg will have quite a golden parachute. the payout expected for his severance is $39 million. jackie, connell. jackie: thanks for that, grady. connell: gary b. smith joins us from kadena group. also a fox news contributor. always good to see you. from an investment point of view, you do start wondering, after everything boeing has been through, now that the change finally has been made, maybe the stock bottomed. certainly, as friday did i said
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a pretty good day today. what do you think? >> i definitely think this is a buy. look, you have a, one of the, i don't even know if there is any other duopolies, boeing and airbus in any industry. this is a company that is a, did 100 billion in revenue last year. that's almost twice as much as airbus. >> right. >> they have 8,000 companies in their supply chain. if ever there was one of those too big to fail companies that, you just couldn't possibly see it fail. the government wouldn't let it, it's boeing. they have their hands in so many different areas, even beyond the whole 737 aircraft, aerospace, defense. this is, this is a buy at almost any price. connell: quick thought on the markets, gary, at record highs. records day after day after day. what do you make of it? >> scary. connell: really? >> if you look at a chart,
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connell, it is getting kind of narrower, narrower at the top. kind of that parabolic move, you throw the ball up, how far can it keep going. that said there is not a lot of bad news on the horizon. on the flipside that always worries me. think i we're due for a pullback. i don't know what the black swan is out there, but i'm a little nervous. jackie: gary stick around with us. meantime, providing economic growth. china's finance ministry announcing that it will cut import tariffs on over 850 products starting january 1st. let's go to hillary vaughn. she is at the white house with the latest on that. hillary? >> jackie, this is really early christmas gift for u.s. farmers, one of products of over 800 china announced today, they will lower tariffs on starting the new year is frozen pork. it also includes frozen avocados and orange juice will see a lower tariff starting the new year. cheaper imports of frozen park
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is a big win for farmers in the u.s. who suffered under high tariffs particularly targeted in retaliation against them by china as part of this ongoing trade back and fourth between the white house and beijing. now farmers here in the u.s., can export the pork to china, and have a lower tax. >> president trump made it possible for long-term success for our families. so, by the time china's done he will have renegotiated over 50% of the united states trade agreements, giving us long-term certainty for all of our future generations of farmers. >> in iowa, four months ago, who were waiting to take advantage of what has been described as a massive pig demand in china, after half of their herd got hit with swine flu. farmers are waiting to take advantage of the massive uptick in demand but china announced they will roll out a mid-summer relief on tariffs on certain
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high-tech products including 170 different i.t. products as part of their plan to expand imports of advanced tech, bringing in more parts to boost their high-tech industry there. there will also be putting zero tariff on medication, particularly address diabetes and asthma. jackie. jackie: hillary, thank you so much for the report. i want to get back to you, the president didn't even impose tariffs supposed to go into effect on december 5th teen. he rolled back some of the tariffs on the table. this is china's reciprocation. seems like they're coming to the table here of the this is a positive sign. >> exactly, jackie. i was skeptical that trump's approach on trade can bear any fruit. it appears to but we still have to keep in mind, the only negative, the whole reason this was started was because of the whole intellectual property, you know, theft that china is doing. i'm not sure any of that is resolved. you kind of scratch your head,
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well was any of this all worth it? maybe, positive the markets is responding postively. i would like to see no trade barriers between us and china. i'm not sure that is ever going to happen. i guess at this point any good news, the freedom from tariffs is good news for everyone. jackie: yeah, seems to be. one quick point, phase one deal is supposed to touch on ip. we don't know how deep it will go. that remains to be seen. >> exactly. connell: talk about tesla for a moment. the stock at thank you highs today. in fact a lot of people made a lot of this. it crossed over that 420-dollar a share mark intraday today. for the year tesla is up about 20%, closed at 419.22. gary the reason they made a lot of it, you remember the tweet on elon musk, over a year ago, i will take it private, got our funding secured, 420 a share. we did get the 420 a share. the stock has been on a nice
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run. what do you make of this as an investment? >> scary, scary. connell: again? that is the word of the day here. >> maybe i'm not in christmas spirit. got to have some eggnog or something. here is always been the problem with tesla. i think it's a very good, kind of r&d company. i think they make make a good product. i never driven in one. it will always get down to distribution and i'm worried someone big -- people, already, the big guys are getting into the market. i'm worried with their distribution, i think the best case for tesla, they get bought by someone. i just can't see them having enough levers to bang on to, get a huge market share. they seem to want bigger market share. they don't want to be a niche company like lamborghini or ferrari, something like that. that is my concern with tesla. other than that, good product. yeah. connell: we'll not let you scare
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us, gary. merry christmas. as always. thanks for insights. we always appreciate it, gary b. smith. jackie: we're watching oil settling up today at 1%, consumers can brace for less pain at the pump for who is today. gas prices down four cents at $2.61 a gallon over the last two weeks. according to the new lundberg survey. phil flynn at cme. he has more on this phil. >> jackie, this is good news. we'll have a record amount of people travel this christmas. according to aaa, over 104 million people will take to the roadways. they will be happy gas prices were lower than on thanksgiving. that is the good news. in fact what we see, even though they are cheaper than they were around thanksgiving, they're more expensive from last year by almost 20 cents a gallon. but that is the end of the bad news. i will bring you good holiday spirit news on gasoline prices. according to aaa, we'll probably peak for the winter season after the holiday is over. once you get into the dog days
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of january and february and cold temperatures, prices are expected to fall about a dime. so that is great news. good news for the u.s. refiners who have spit out the gasoline. great news for u.s. producers that produce all the oil to make all that gasoline. jackie: thanks for that. connell: thank you, phil. just getting started here. we have escalating standoff to talk about. senate majority leader mitch mcconnell slamming the house speaker nancy pelosi impeachment delay as absurd. what it means for the president's pending trial in the senate. that is next. jackie: plus the final installment of "star wars" soaring to the top of this weekend's box office, but there is some signs of a disturbance in the force. all those details coming up. connell: now, also, we have storms across the united states, threatening travel plans for, expected to be a record-setting number of americans traveling for the holidays. we'll have the latest on the path of those storms later on in the hour.
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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. it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic - woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. jackie: bracing for a showdown. senate majority leader mitch mcconnell kaling out
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democratic leaders in the delay in the senate impeachment trial. let's go to fox news's rich edson. he is live on the ground in florida where president trump is for the holidays. rich, over to you. reporter: well, jackie as president trump begins next couple weeks here in florida, house democrats in a federal court filing say they still want to speak with the house counsel, former house counsel, white house counsel don mcgahn. they want to question him, in case they decide to pursue more articles of impeachment. well the president is commenting on the articles of impeachment already passed the house, tweeting this morning, quote, pelosi gives us the most unfair trial in the history of u.s. congress. now she is crying for fairness in the senate, breaking all rules while doing so. she lost congress once. she will do it again. democrats are pushing what they call a face process. they want witnesses and documents. they have criticized republicans for refusing to approach an impeachment trial fairly. criticism senate majority leader
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mitch mcconnell already dismissed. >> first on impartiality, do you think chuck schumer is impartial? do you think elizabeth warren is impartial? >> no. >> bernie sanders is impartial? so let's quit the charade. this is political exercise. a political exercise. all i'm asking of schumer is that we treat trump the same way we treated clinton. reporter: speaker pelosi is justifying the decision, tweeting, president trump blocked his own witnesses and documents from the house and the american people, on phony complaints about the house process. what is his excuse now? other democrats are asking, what the white house is afraid of? >> if they have got nothing to fear from the testimony of these witnesses, then, send them down. i mean if that is what the president, if the president wants to have a big trial and a fair trial, why are they working so hard to prevent these key witnesses from testifying in the senate trial? reporter: president's re-election campaign and republican national committee
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say that impeachment has been good for business. they say the first 48 hours after impeachment, managed to raise about $10 million. jackie, connell, back to you. jackie: thank you, rich. connell: brad blakeman here, talking more about this. brad a former bush 43 senior staffer among many other things over his career. what you do think about the way this is all playing out? >> i think one thing both sides would agree on, is what leader mcconnell said this, is by definition a political exercise. so it is nancy pelosi versus the white house. who is winning the politics of the day? >> oy, i think the president is winning because as we've seen by the impeachment indictment this has been a charade, this has been a witch-hunt, this has been a rush to judgment, it's a means to an end. it doesn't seem to ever have an end. speaker pelosi has no right to infringe on the procedure of the senate. her work stops when there is impeachment. it doesn't stop until the articles of impeachment are
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delivered to the senate and entered in order for the president to move to the next phase but she doesn't dictate to the senate what their procedure should be. it is up to the majority of the senate to determine procedure, just like the senate did not interfere in the house procedure of impeachment. connell: senator schumer in new york will have a news conference in 10 or 15 minutes in new york. i don't know exactly what he will say what he wants to see in a senate trial, all the rest. the way it is now, this is getting delayed, there is no congress in session. this is the holidays. we'll get into january, if you were advising the president what should the goal in all of this be? it is hard to see or tell what he really wants. it seems reading between the lines, part of it he wants a trial with witnesses to vindicate himself or call witnesses he would like to be. on other hand if you were the president would you want this to be over with as quickly as possible if you know already what the outcome will be?
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what would you advise him to do? >> i would like to see once the articles of impeachment are entered in the senate, have a motion to dismiss. i happen to believe as a lawyer the articles of impeachment are defective on its face. they don't state a cause of action if you will of a high crime and misdemeanor. therefore the trial is unnecessary because the indictment is defective. now, if they don't want to go that route, they can have a short trial, they can have a longer trial. they can even have a nuclear option. i don't think this is possible but certainly constitutional. they can adjourn the trial to november 4th, day after the election day. have the american people have first shot. connell: you say the senate can do it. i heard all kind of things i didn't know about, in terms of congressional possibilities. you're saying the senate could do that until after the election? >> yeah. if they wanted to, if they get procedural votes of a simple majority, they kick it over. he will still be president after election day. connell: right.
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>> either he will be reelected or lame duck? connell: we'll follow it. i want to ask something while you're here, brad. president trump extend ad invitation to boris johnson, the uk prime minister to visit the white house in the new year. there are a number of reports in the british media after johnson's win in the election in the uk securing the brexit plan. some reports johnson is reluctant to accept while the president is going through impeachment. maybe delays it until actually he secured brexit but what do you make of all this? >> i think it's a positive sign. we know brex at this time will probably happen. there was a referendum never closed upon by the people of england who said they want out. it never came to fruition. now seems like it is on the path, based on the majority that boris holds. if he is smart he would meet with the president, get plans all in line. to announce a great trade deal between two powerful countries and allies, in order to get
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england on its feet after they leave the european union. connell: what do you think boris johnson is dealing with here? in the uk, president trump is not most popular guy in the world? he and president trump seem aligned philosophically on these issues? i guess maybe trying to balance the two? >> as we've seen with the great trade deals that president trump has been able to negotiate with usmca, this should be bipartisan. both in america and in england. what is good for us, is good for them. a deal is only as good for both parties. england needs that first, good shot, after making the break. they have no better president to deal with than president trump. i think that they could announce at proper time a major trade deal i think would be accepted by democrats here in america as well. connell: you would think in the uk. if anybody has political capital, with the way the election went would be boris john son. >> you got it. connell: brad blakeman. thank you.
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jackie: warning of a so-called christmas gift. u.s. officials are on high alert following a major threat from north korea. plus eight months after the devastating fire, notre dame cathedral canceling a annual tradition for the first time in over two centuries. all the details coming up. e. i recognize that voice. annie? yeah! she helped me find the right bonds for my income strategy. you're very popular around here. there's a birthday going on. karl! he took care of my 401k rollover. wow, you call a lot. yeah, well it's my money we're talking about here. joining us for karaoke later? ah, i'd love to, but people get really emotional when i sing. help from a team that will exceed your expectations. ♪
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♪. jackie: north korea, nuclear threat, u.s. officials on high alert after the rogue regime threatens the united states with a dangerous christmas gift. fox news's greg palkot with details from london. greg? >> north korea could be whipping up some new trouble, just in time for the holidays. in new satellite imagery released in the past 24 hours, we're seeing expanded activity at a plant associated with some of the north's most dangerous intercontinental ballistic missiles. they are capable of hitting the united states. they haven't launched them since 2017. there is a self imposed
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moratorium while talks went on with the u.s. they are stalled. now they are threatening what they call a christmas gift for the u.s. unless they get what they want. over the weekend north korean leader kim jong-un reportedly met with his top military officials. according to state media, he told them, north korea needs to bolster the military, armed forces in the crucial and turbulent time. south korean president moon, meeting with president xi, two sides promising to maintain momentum with dialogue towards north korea. china has been calling for easing of sanctions on north korea. president trump and north korean leader kim jong-un have met twice in the past year. talks are going nowhere. the latest tweet from president trump, saying kim is too smart, he has too much to lose to act in a hostile way. perhaps the next couple days will show how smart kim is. back to you. jackie: thanks, greg. connell: today we have a verdict
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in a case that sparked international uproar. a court in saudi arabia sentencing five people to death for the killing of "washington post" columnist jamal khashoggi that took place inside the saudi consulate in istanbul, turkey last october. three other people were found guilty by riyadh's criminal court. they face a total of 24 years in prison. jackie: kids cashing in on alexa. parent are learning the hard way to protect the amazon account. what you can do to secure your holiday wallet. that's next. connell: okay, we are issuing or he is issuing a warning to some of the nation's largest retailers. shuck schumer is calling into federal investigation into 3,000 tj maxx and home goods stores, selling dangerous products after they were recalled. jackie: "star wars" earning blockbuster numbers this weekend but some fans still not
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jackie: touting tax reform. former council on economic advisors chair kevin hassett, and former national economic council director gary cohn arguing in "the wall street journal," that quote, tax reform has delivered for workers.
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the two ex-trump officials pointing to wages, job participation rising in the last two years of the kristin tate, analyst at young americans for liberty. kristin your take on the argument the gentlemen are making. >> great to be with you, jackie. the data is undisputable here. lower taxes, more prosperity for hard-working americans, more economic growth. real disposable income increased $6,000 per household since the tax cuts were put in place. we've seen workforce participation really grow. remember under obama, when he increased marginal tax rates, that workforce participation rate plummeted among most age groups. we've seen complete reversal. democrats say the growth we're seeing is continuation of trend already put in place but that is simply not true. a lot of the growth we're seeing far exceeds expectations. for example in january of 2017, the cbo predicted two million jobs would have been created by now when in fact the economy has
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created seven million jobs. federal reserve predicted 5.4 unemployment rate. one point higher than the 50-year low. that is great news. unfortunately democrats are running on repealing tax cut. they continue to say they only benefit top earners, that flies in the face of the data. jackie: that is my next question, right? , unless one of the jobs impacted you, you were not employed before, now you are, people look to the the paycheck. there was a period they felt a bump they were taking a little bit more home. people at the same time have a short memory. feels like a long time ago. >> people need to understand repealing tax cuts would cost the average american family, the average american worker almost $27,000. another really important part of tax cuts was lowering the corporate tax rate to 21%. prior to tax reform we had the highest corporate tax rate in the industrialized world.
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i have a lot of business owners in my family, a lot of family friends who run their own small companies. they will tell you, you lower their taxes they will take more taxes, expand their company, hire more workers. business owners and the american people know how to spend their hard-earned dollars better than the government does. jackie: larry kudlow hinted at tax reform 2.0. your thoughts what a plan like that would look like? >> we need to make the tax cut in place permanent that is the first thing needs to be done. even if democrats are not successful at repealing tax cuts a lot of the most pro-growth provisions parts of the tax cuts in place right now are set to expire in just a few years. so lawmakers need to focus on this they also need to focus on reining in our federal spending because we can't responsibly continue to spend like we are with lower, with, you know, these tax cuts in place. so, it needs to be a combination of making them permanent and cutting the spending. we've got to stop out of control spending.
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jackie: that is something both sides would certainly work on. kristin, thank you so much. >> thank you, jackie. merry christmas. connell: we are going to shift gears completely right now to talk about the movies and it turned out this was the smallest haul of the "star wars" trilogy so far. the"the rise of skywalker" whics the ninth episode in the disney space epic series it, raked in, careful how we say this, it raked in just, $176 million, which is by many people's count a good problem to have. that was the domestic number over the weekend t was behind the predecessors, the force thee awake concerns and "return of the jedi". bret larson, 24/7 anchor. these are huge numbers for any movie. 200 million plus, but it didn't get there? >> it didn't get there. remember "the phantom menace." this is what i stopped watching
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all the "star wars" movies, there is too many of them. that might be part of it. there is a little bit of viewer fatigue. this is the ninth "star wars" movie now. please feel free to hate tweet me, "star wars" fans. connell: no problem. >> i get it, interesting story, blah, blah, how many times can you retell basically the same thing over and over. connell: i'm kind of with you. >> you can add in more special effects. that is always great. that costs more money. they expected it to do better than it did, last jedi, $220 million. we still have the holiday season ahead of us. we have the next two weeks. connell: okay. >> a lot of people are working today and tomorrow. connell: still a big number. based on what they were expecting, but if you're disney, looking at this, trying to come up with a strategy for the future. you have the franchise. maybe it's a little fatigue, but you have the series on disney plus, how do you play it from here? do you wait a while? bring it back, change the game,
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give it a break? how do you work "star wars" franchise if you're disney the next few years? >> i think they're attacking it right, they're opening up "star wars" themed rides in the disney parks, both disneyland and disney world in florida. they have got, as you mentioned, "the mandalorian" on disney plus which people are raving about right now. connell: they are. >> i heard a lot of "star wars" fans about this last movie, "the rise of skywalker," almost felt like it should be a of it v show, not necessarily a movie. it might be a little of that. this is the white elephant in the room no one is talking about. they were up against "cats" this weekend. connell: what a disaster. >> literally tens of people lined up to see that movie. connell: talking about "star wars" if it is something horrible. made 177 million. talk about a disaster. we should have seen that coming a mile away. "cats"? >> the special effects weren't all that great. i don't know if there was a story.
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connell: everybody is in it. >> huge cast, yet that wasn't the draw that people -- connell: cavuto was into it. he is one of the voices. that is not true. a lot of people were in it. i want to talk about the alexa story. this actually, i get a kick out of this story. i was reading it earlier, from "the wall street journal" they have a report about alexa, they say it's a new problem for parents because what is happening a lot, kids are using alexa to order toys for themselves. you can do it by voice. the parents ordered the whole story. gets home, it gets delivered. >> i love this story, only because it is just, it speaks to the innocence of kids. i was reading one of the kids in the stories way saying i thought it was free toy store. it kept saying, add to cart. if you're a parent, this is free toy store because you're not
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paying the bill. connell: the parent comes home, they have a tesla, we were talking about tesla, a tesla themed running pants or sweatpants that say tesla on them. they have no idea how they got to their house. so their five-year-old walks in. the five-year-old reportedly says, something to the effect, oh, that is not what i ordered. i ordered a tesla. the five-year-old tried to order a tesla car. the parents ended up with a pair of sweat pant. >> you have to enable all the security features if you have children in the house. connell: that's right. >> amazon makes it very easy to order through alexa on purpose. you can do voice ordering. might want to disable that. talk to your kids about how shopping works. connell: yeah. >> explain to them these things are not free. come see us first. put on wish-list. connell: you can put a pin number instead of face idea. >> kids will figure out a way. connell: anybody that has kids knows about that. free advice on kid, check subscriptions on iphone, as i
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found out you could subscribed to 20 thins. no idea for years, when you go broke you figure it out. let's talk flip phones. we make fun of old people having all the time. however this new phone coming out the razr returning from motorola here. it won't come out in time for holidays. that is the headline today. motorola said we will have 1500 phone. a foldable razr flip phone, the old razr, so popular coming back, apparently, what the company is saying there is so much demand they will delay it. >> it is good sign. i loved the original razr. i love the flip phone, you hang up on people, slam the phone down. very dramatic. i'm excited about the razr. 1500 price tag is much. connell: i was surprised. >> motorola, they're trying to, i think two things.
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they're trying to get this devise into many people's hands as they can and wanting us to talk about them while they're waiting for the device. price is a little high. razr was geared toward high-end user. the two flip phones all two of them samsung and huawei. connell: what do you make of the foldable technology? >> i think a technology without a purpose that found a purpose. connell: interesting. >> we'll see how this goes. i think the razr will be the truer test of a foldable phone because it is the type of foldable phone people want. they want a phone smaller, not opens up into a tablet. we'll see the early users and early adopters if they like it. only thing that motorola has to get right, they can't have the problems that samsung had. if early reviewers are saying the hinges don't work. it gets lint from my pocket in it, that kind of stuff it, could be potentially damaging.
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connell: let me wrap this up, bret. you want to see the early showing of "cats." >> right around corner. connell: we'll let you do that. talk to you again soon. bret larson. jackie: calling for a christmas truce. french president emanuel macron offering a new pledge to stop the nearly two-week long nationwide strike. dueling storms are threatening the busiest holiday traveling season in almost 20 years. what you need to know before getting on that road coming up. (chime)
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♪. jackie: silent night. for the first time in more than 200 years notre dame cathedral will not hold christmas eve services following the fire that destroyed the cathedral. the 855-year-old landmark is undergoing restoration. french president emmanuel macron says he plans to have the structure rebuilt in five years. connell: stay with france for a moment. macron is calling for christmas truce for transport unions fighting over pension reform trying to disrupt holiday travel. is it enough to transform the region? david asman from "bulls & bears."
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we talked about it couple times. what do you think is it going over there? >> he is fighting a losing battle. he came on a year-and-a-half ago with a very ambitious plan to cool down what is totally out of control welfare state, not only in terms of welfare for people that didn't deserve it, but all kind of benefits for union members because of their connections with the government and everything that they didn't deserve. a lot of people were getting paid for full-time work who weren't working at all. he said, and i'm quoting macron now, when he first took over, we put a crazy amount of money into our social benefits and poor people are still poor. well, i mean we've seen that here, frankly. we spent over a trillion dollars on our poverty programs, to limited effect in terms of turning that around. connell: yeah. >> he was trying to do the same. it really looks like he is losing the battle. he has agreed to give up his pension, give up another stipend presidents get adding up to 200,000 a year.
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the guy put is money where his mouth is. connell: sounds like he is searching for a way out, right? >> it is almost impossible to turn the countries around when they get themselves deeply entrenched in the welfare state. connell: lesson learned or maybe not. what is coming up on "bulls & bears"? >> we have a couple things going. first of all small businesses, some say only big guys got benefits from the trump tax cuts. hector barreto, former head of the small business association. he will let us know whether that is true, whether the small guys benefited there is north korea. what the heck is going on? are they trying to find a nuke they can put on top of a missile and deliver? james carafano knows everything what is going on over there. we'll talk to him coming up. connell: rumors about a christmas present. come on. something else besides that for christmas. david, see you at top of the hour. >> absolutely. jackie: all right, pack your patience a record number of americans are expected to travel
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connell: strong winter storms are expected to hit both coasts. which is a worry for many holiday travelers. >> it will be an active weather pattern, across the southeast we have seen over 5 inches in brunswick, georgia. can. that system is still happening it will wrap up, by christmas day, dry out for eastern
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half-the nation. the west coast is different, just now getting heavy rain in los angeles and san diego, a chance of thunderstorm activity, moisture will continue to pris into 4 corners tonight, to tuesday, which is christmas eve. a bit drier into st. louis, atlanta, dallas, houston and the nation's capital looking beautiful. for mid week hot spots or delay pots in red will be in los angeles, san francisco, arizona, portions of colorado and utah. a weak piece of energy, but all much of the u.s. is green tomorrow, christmas day, only place we're worried about is the west. wet, mild and beautiful in eastern half.
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if you are looking for a white christmas, many of us will not see it. 65 in st. louis, 40 in minneapolis. are you looking forward to a white christmas? connell: i could do without it, but i like to travel on christmas, not a problem, thank you. jackie: travel, prepare for record breaking holiday travel this season, approximately 115.6 million americans are expected to travel between sunday december 21, wednesday january 1st according to triple a this is up 4% from last year. henry is joining me to discuss this. when i see statistic like that, i think that people feel good about the economy, your thoughts? >> you are right. the economy is strong, people are spending money on travel.
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the airline organization, for america projecting 46 million people flying during the holiday period. we're seeing strong demand for travel, that is great for the tourism and travel business. jackie: what do you think the increase, year-on-year or reason we seeing a record right now is. >> gas prices are reasonable. it is relatively easy for people to afford to take a road trip or drive to family, airfares remain a great economic bargain. a lot of airlines have basic economy fares, you have a growing number of budget airlines that are competing, and competition for consumer is strong in travel industry, and strong competition at hotel rates anding o organization like airbnb. jackie: i imagine. it will not stop people, but i wonder busiest cities worse airports? >> well, busiest cities are going to be biggest airports,
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for example chicago o'hare. new york airports. dallas fort worth, atlanta and so on, but, big airports are always not well designed. atlanta, functions well, dallas does well, but airline that operate at some airports do not. american is subject to a lot of delays. but in chicago, united has been running more on time. david: we showed. jackie: picture of times square, it is full of tourists. how to avoid some of the delays? >> well, most important thing you can do it give yourself extra time. you can never go wrong with an extra 15 to 30 minutes added to your journey team, to allow for delays, accidents, and cancellations, long lines whatever. if you are flying, consider using priority screening some airlines will sell you that.
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and plan ahead, check bags. maybe a little bit more money, but this way, the airline has responsibility to carry your bags and it makes it easier for you to get to, through the airport on to the plane. jackie: thank you, henry. >> all right. connell: before we wrap up hour, we have out of this world sell buying focelebration for you, as discover a candy cane floating in space, staff is made of high-speed elect rones spiraling in a magnetting field, located about 27,000 light years away, that could be a real story. or there is always possibility that our staff made it up, put it in teleprompter before the end of the show. jackie: it could be but it is making me hungry, i have a thing
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for candy canes. connell: it looks like a real candy cane, i assume it a real story. thank you for joining us. you are with us later in the week. jackie: i am. >> merry christmas, and "bulls and bears" starts right now. >> here is cheery news, wall street welcoming in holidays all 3 major averages closing at brand-new record highs. and the eighth in the row for nasdaq longest record streak in 21 years, on two year anniversary of president trump's tax cuts, are you really better off now than you were two year ago because of this. architects of tax cut say absolutely be they point to new data they say, proves it this is "bulls and bears," i am david asman, thank you for joining you, joining me today. jonathan h. >>

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