tv After the Bell FOX Business December 26, 2019 4:00pm-5:00pm EST
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nasdaq closing above the 9,000 mark for the first time ever and at this point i have to say good-bye. that will do it for the "claman countdown." now it is time for "after the bell." throwing it early to you guys. jackie: pretty good, right. christmas is not over for wall street and wallet. stocks climbing to new highs. market closing at record high. 21st record for the year. good to be with you on a day like this. i'm connell mcshane. >> i'm jackie dean list for "after the bell." longest stretch much records in more than 22 years.
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jackie: we have gerri willis on floor of the new york stock exchange, jeff flock in chicago. what happened today? >> dow only needed 36 points to do that. it beat that level. we're at a new high. as you were saying that is the 21st record close of the year. s&p only needed a little more than half a point to finish record territory. it achieved that, and more. here we are, fueled mostly by apple shares. finally, we got the nasdaq through 9,000. very big finish for the nasdaq. tech very critical part of stocks move. we'll talk about amazon for just a second here. the company saying they added five million people as prime members over the holiday season. they said it was a record holiday season for them. they did very well indeed. and, just adding a lot of people who can add to their bottom line. some of the people actually signed up for a trial membership
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on prime. others actually paying that $119 a year. so amazon, with a very good day. meanwhile, apple also pushing the nasdaq to new highs, finishing record territory. apple a big player this year. that stock is up more than 80% i believe this year. it has done, very, very well over the course of the year, despite big questions about how it might perform. there is a lot of skepticism this time last year about apple. very different scenario though from last year. as you know, we finished the year on a sour note as we had major selloffs. this year, that did not happen. we got a lot of investors in the market betting heavily on stocks. returning again and again. we haven't had a lot of people selling out of positions trying to take it in. good news for investors. good news for markets. back to you. jackie: gerri, thank you so much. connell: little more on retail. if you're thinking about returning one of the presents you got yesterday you're not alone by any means.
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in fact retailers are bracing for shoppers to return number of unwanted gifts. today in many ways is the way to do it. jeff flock on legendary straight street in the chicago shopping district. keeping an eye on thing. reporter: the day to do it in chicago. we hit a report temperature, high temperature in december of 62 degrees. very few people with coats on. look at people. it is amazing how warm it is. this may be an all-time record for returns. take a look at these numbers. connell, these shocked me. according to oracle, they did a study that found 3/4 of people who get a holiday gift will return at least one of them. 20% will return, half their gifts. ungrateful people. and when do they do it? well, half of the folks return it within the first month. so starts today, goes all month, through the month of january, but 80% say they prefer to
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return them in store. right now we are outside of macy's on state street, some of you remember if you're from chicago as marshall fields. look at iconic windows. i'm fascinated by these. they never get old. this is a big cost to companies, not just making the windows but the returns, the returns cost, restocking costs. lost profits, all the rest. that is online. if you look at the overall bill or number of, numbers of things returned and value of them, that is $100 billion this year. the estimate is, that is increase of about 10%. apparently we're getting more picky about online and in store purchases at christmas. don't know why. we are. connell: you have us pegged, jeff. bunch of ungrateful americans. jeff flock from it all in chicago.
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jackie: 60-degree temperatures. that probably won't last for long. to discuss the markets, bring in today's panel. jordan kimmel. danielle dimartino booth. former federal reserve advisor. great to see you both. start with you, jordan. about the markets, looking at nasdaq 9,000. nasdaq hit 5000 after the dot-com boom and how quickly it plummeted down. what is different from those days? >> i remember those days. i was managing money. there were a lot of similarities. it was the four morse man then. a lot of people first run to 5000 gave up on investing through all the ideas, said we'll buy the four horsemen it was sun, cisco, a few companies. they were all overvalued. remember, jackie, the nasdaq didn't get hit, it lost 86% of its value which is hard to believe. what is different, a lot of
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companies leading the market are making money, not only making money, they're really minting money but i will always warn everybody, valuations matter. it is very hard to get rich buying most favorite companies of all. there is a lot, a lot of pouring into a handful of names. market has been very healthy, it has been broad but really advances have been really concentrated on the few of the big, big caps. you have to really, be a little more selective than following the herd. danielle, not just the dow at new high. i think about the fed, think about low interest rates we're not expecting things to happen in 2020 but what happens when interest rates start to rise? is it over? >> oh gosh, you know, jackie, i don't know that jay powell is even prepared to test that hypothesis, i really don't. he has been so aggressive, that he is actually putting more
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money out there than what the market can handle right now which is a good thing. the markets definitely settled down but i do start to worry about valuations, as what just been mentioned. since the fed fired up the printing press, i think about 60% of the "fang" stocks so to speak, the top four or five stocks we just mentioned, over 60% of their gains for the entire year have come just since mid-september when the fed fired up the printing press. so there is a tremendous amount of euphoria, and confidence going forward, that the idea of a rising interest rate is just gone the way of the dodo bird. it is just passe. jackie: jordan, back to you, speaking of big tech names moving market, amazon, apple are two of them. it is not just a technology play. it's a retail play after a gangbuster holiday. >> look the consumer happy. the state of the union and state of the consumer are both strong.
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so, i think you need to do a little further, dig down, just a drop further, say, sometimes, on the same day hasbro, mattel will come out with earnings, one goes up, one goes down. i don't do etfs. i don't do the broad stroke. i think you have look at margins, cash flow, valuations. it is not hard finding enough names to fill out a diversified portfolio. all i am suggesting just don't, older people specifically heading into the retirement, don't use nasdaq as your actual bogey you're trying to beat the nasdaq. i remember people trying to do that. have a plan, stay with the plan, don't get caught in euphoria. don't get caught waiting for the next recession and sit out a healthy bull market. jackie: you bring up a great point. danielle i want to end with you, president has this stock market, economy going into 2020. people were worried about the election as a wild card. are you less worried about it? >> i think there is still a lot
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of divisiveness in the country and that we can't shrug off the risks associated with an election year. but 11 out of the past 12 elections the fed has been active. so i would say that they're going to be there as the backstop regardless of how divisive we get politically as a country heading into 2020. the only thing i would throw out there, the jobless claims report came out this morning showed a number of americans collecting unemployment insurance has been rising for 12 weeks over the prior 12 months. 12 weeks in a row. that concerns me. i think companies profit margins are going to have to improve going into 2020 or we're going to see increased number of layoffs. jackie: a great point. good to see you both. thank you. connell: talk about politics where even this week there is no rest for the weary. most politicians would be away, are aware from d.c. for the holidays but impeachment drama continues to unfold.
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blake burman has the task of following such drama. he joins us from washington with latest. reporter: before heading off to the golf cores earlier this morning president trump took to twitter to continue to slam democrats how they are handling the impeachment process. the president suggesting at one point it is having an influence on foreign affairs, writing in one tweet, quote, despite all the great success our country has had over the last three years it makes it much more difficult to deal with foreign leaders and others i am constantly defending myself against the do nothing democrats and their bogus impeachment scam. bad for usa. he is taking issue with uncertainty regarding when a senate trial might take place, writing in another tweet for democrats, now they don't want to go fast anymore. they want to go very slowly. he ends by writing, liars. senator david perdue predicts there could be a couple democrats in the senate who will
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not vote to eventually convict the president. that echos similar comments made recently by senate majority leader mitch mcconnell. however not every republican is in lockstep how mcconnell is handling things. lisa murkowski, alaska republican said in local interview on christmas eve a couple days ago, she was quote, unquote disturbed with how mcconnell said there would be quote total coordination with the white house as far as the timing, connell, from here on out there is the new year, a handful of days or so we expect a lull. congress will be back in beginning of january. it is still tbd when exactly that senate trial will take place. connell: used to be something we had real also. that doesn't happen anymore. thank you, blake. jackie: hundreds of protesters marching through hong kong, marking third day of demonstrations through the shopping season. leaders are targeting a new target. connell: why the president is
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connell: not backing down. protesters in hong kong vowing to return to the streets, holding a major rally on new year's day. following arrest of more than 300 people during their christmas protests here over the last few days. chris harmer joins us. chris is a retired navy commander. this has been going on six plus months i guess. this week in particular, really, it seemed to come back. i don't know if protesters wanting to make a point. or other side, police wanting to make a point. what do you make of this, 300 plus arrests just last few days? >> let me start by saying i unequivocally support protesters
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in hong kong. i do dispassionate analysis, tell you what is going on. in this case there is no shaving here, no nuance. you have on one side relatively free citizens exercising their right of free association, freedom of speech. they want to maintain the economic freedom and their unique economic and judicial status they were promised when the people's republic of china assumed control of hong kong back from the united kingdom 20 plus years ago. on other hand you have communist chinese leadership trying to enforce really draconian measures. in moral terms, ethical terms there, is no question. one side on the right. one side is in the wrong. on other hand tough to see how protesters will survive this because sooner or later the chinese government will say they can no longer tolerate this level of dissent and i think what eventually will happen the chinese military will militarize the hong kong police department and crush the protesters. we've seen that happen to a small extent. i think right now we're on trajectory to see that more so.
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connell: we've almost been waiting for it to happen. the protesters first demand, now they have moved on from that, was actually met. they were able to see that extra decision bill out in the streets protesting, first the delay, then tabled, taken off the table completely. they have had some success. but if this continues you may be right. china is left with no choice. is there a choice from the u.s. point of view? is there more the president or other administration officials could or should be doing about all this? >> it is very complex in terms of relationship with china. i do not believe that might makes right but indisputable fact china is a world superpower, closest to us with possible exception of russia. they're an economic superpower. their military growing by leaps apbounds, particularly the navy. this is not a case we dictate to the chinese how they deal with hong kong. we continue to speak out on behalf of the protesters. sunlight is the best disinfectant. work that organizations doing to bring light to what the chinese
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leadership is doing is the best antidote. connell: great work on the ground by reporters all over the world. hang if with us. one more topic. a warning over the sky. the united states reportedly flew four surveillance planes over the korean peninsula after north korea's kim jong-un threatened washington with a supposed surprise christmas gift. lucas tomlinson at the pentagon with the details on all of this for us. lucas? reporter: connell, japanese citizens were jolted awake after midnight, a alert from japanese news outlet said that north korean missile went over the country. the report turned out to be false but was not retracted for 23 inches in. echoes the false report over hawaii a few years ago. reconnaissance planes have been scrambled to fly over the korean peninsula. their job is to monitor over unusual activity in north korea
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and spy on their communications. so far all is calm. north korean leader kim jong-un recently met his top military brass and another big meeting looms. the next way to watch is the kim's annual new year's day address. in the past he used his remarks to outline the goals for next year. in 2017 kim said north korea was in final stages of launching the first intercontinental ballistic missile. by the end of the year he had done so three times including one that flew 2700 miles into space, putting all the u.s. into range. he has roughly 30 nuclear warheads in his arsenal according to intelligence estimates but north korea still has to prove they do the following. launch solid long-range missile. two, reenter earth in one piece. three, launch a ballistic missile from a submarine and successfully a target. maybe the surprise gift on christmas day is coming next month on orthodox christmas. connell? connell: is that what people are saying. reporter: things can get lost in
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translation. connell: to some extent they do. chris harmer, your take. why you keep flying surveillance missions, you're still concerned about what may happen. >> two observations here. we live in era of instantaneous and communication. there is misperception what reconnaissance satellites dan do. they do great work but nothing gets instantaneous information you get from manned heavy reconnaissance flights. that is air force and navy do constant reconnaissance. give lucas tomlinson together for putting pieces of this puzzle together. a lot of people misunderstand what north korea has. yes, they have 30 nuclear weapons or so roughly, the problem they have not yet validated the ability reliably shoot a long-range ballistic missile with a nuclear warhead attached. i'm not saying they are a threat. they are a clearly a threat. difference between lighting off a nuclear weapon in underground
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test range and affixing that to ballistic missile and accurately shooting and targeting that. i think they're quite aways from that. i think we still have time to bring chick and political pressure to bear which i don't think north koreans respond to but ultimately we have some manueverrability here. connell: will there be in not so distant future more economic pressure applied by the trump administration? president tried meeting face-to-face already. >> face-to-face with a madman, he is a madman and ridiculous individual but ridiculous madman who has nuclear weapons. we have to try everything. i don't fault president trump trying to negotiate with thefy. he continues nuclear weapons. continues nuclear missile development. i doesn't see any off-ramp other than increase economic sanctions and further pressure. connell: we may see that early in the new year. one of many stories we'll watch. always great to have your analysis, chris. >> thank you.
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jackie: a record day for holiday travelers with a winter storm in the forecast what does it mean for thousands of americans planning to return home for the holidays? we're live at the weather center with one of the nation's busiest airports next. supermarket kroger warning against a holiday scam circulating on line. the warning is too good to be true. ♪ ♪ ♪ ♪
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connell: beware of this faux christmas giveaway out there on facebook. there is an account disguising itself as the grocery giant kroger. it created something of a social media frenzy after promoting a christmas giveaway where you can win a year's worth of free groceries. yeah, it is not true. the company addressed the hoax, reassuring the shoppers it was fraudulent facebook page. saying people have to pay for their groceries. jackie: bummer. the holidays are not quite over
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yet. that means millions of americans are hitting the highways, making today one of the busiest travel days of the year. plus some nasty storm forecasts could make it worse. we have fox team coverage. matt finn at o'hare international airport. rick reichmuth in the weather center. matt, to you first. reporter: jackie, here at one of the nation's busiest airports the day after christmas things are running along smoothly. there is not a single cancellation up on the board. maybe a handful of delays. best-case scenario flying in or out of the airport, even into tomorrow morning. really airports nationwide are running smoothly except out west. there is trouble out there in the area of southern california. if aa says there are delays at lax and san diego. as the storm moves east it is expected to cause more travel headaches. rick reichmuth will have more on
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the weather after this report. travelers say here in chicago the parking lots were full. there were lines at times but in general they haven't had a lot of trouble. >> i was expecting a little bit of crisis absolutely. reporter: so far so good? >> so far it has been excellent. >> pretty regular. i know they said there would be a lot of traveling but it is regular for me. >> not smart enough to expect anything. i figured, i don't have a choice. i'm going. we went, we way and it was wonderful. reporter: aaa says more americans than ever, 115 million, will travel this entire holiday season from december 21st through january 1st. increase from 3.9% last year. the most travelers in nearly 20 years since triple abegan tracking back in 2000. airlines for america said today and tomorrow are one of the more busy travel days of entire holiday season with 2.9 million airline passengers expected each
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day. but the bottom line if you're home, you're traveling later today, maybe even tomorrow morning, so far unless you're in southern california, you're in the clear for now. jackie. jackie: matt, so far so good, thank you. meantime winter storms in southern california and a lot of the midwest as he mentioned creating issues for travelers out there. let's get to rick reichmuth at weather center. he has details. i imagine rick, will be tougher in certain spots. >> in certain spots. overall we had lucky holiday season with weather good on the way to get where you're going. it won't be that bad where you're going. matt was talking about where it is right now. all the cold weather is way up toward the north. this is over the next week where that really fridge air mass will stay. that is over the rockies. almost all arctic air stays to the north. most of the precipitation in the lower 48 will be falling as rain. temperature rise right now, 60 degrees in chicago day after
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christmas. 55 in l.a. you wouldn't think a problem across southern california, l.a., san diego. that is where it is. in fact one of the wettest seasons in years across southern california. we need the moisture. while it is causing travel problems right now we'll take any moisture we can get across southern california. eventually by tomorrow, in across parts of the southwest. watch what happens with future radar. this storm overnight moves into much of arizona with, rain, mountain snow. across four corners, eventually become as snowstorm at least across parts of the dakotas. a rainstorm anywhere east of that. probably pretty significant rainfall totals piling up by the time it is done. at least parts of central plains. omaha, there will be rain. minneapolis, chicago, madison, wisconsin. you get idea. the cold is way up towards the north. we'll see areas of northern nebraska and parts of eastern south dakota, maybe six to 12 inches of snow from this.
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from the most part looking at rain. it is just too warm. look at this, over the weekend. jackie, the east coast we'll be dry. temps around 10, 15 degrees above average way we like it. >> rick, thank you very much. glad to stay put. connell: rick and matt are talking about we dodged a bullet in the most part in the united states but unfortunately a disaster to report in the philippines. a deadly typhoon hitting the islands. doing so on christmas. we'll have breaking details. >> president trump bemoaning a man-made disaster in california. blaming the state governor homeless crisis. what solutions could look like next. connell: new legal troubles for disgraced producer harvey weinstein. the l.a. county district attorney jackie lacy considering filing charges against weinstein, escalating review of 8:00 sexual assault cases, that could come before weinstein's criminal trial in manhattan
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winds but expecting to move out to sea by the weekend. connell: christmas warning. president trump calling out the california governor gavin newsom over the homeless crisis in that state, threatening to take federal action if the problem is not fixed. to fox's kristina coleman to break it down for us. kristina? >> connell, today president trump slammed house speaker nancy pelosi on twitter saying she lost control of her district when it comes to the homeless and crime. he also took aim at california's governor on christmas day. the president tweeted quote, governor gavin newsom has been a really bad job taking care of the homeless population in california. if he can't fix the problem, the federal government will get involved. president trump didn't say how feds could take action. this morning comes after the recent department of housing and urban development report that shows nation's overall 2.7% rise in homeless necessary was caused in part by a 16.4% increase in california's homeless population.
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this latest hud report analyzes data from 2018. california leads the nation in number of homeless people with an estimated total of over 129,000 as of january of 2018. now, governor gavin newsom says the state is doing more than ever to tackle chronic homelessness. he has invested one billion dollars to help community fight this problem but he says the federal government needs to do much more to help. newsom has asked the trump administration to address the fair market issue in the state and support of vouchers to get more people into housing. >> about 1/3 of our vouchers are unused. you have a wait list of over 700,000 in addition to those with vouchers trying to find or claim a use because they can't meet that fair market. so we've got to address that delta. if we do that, there is no greater, quicker, faster way to get tens of thousands of people off the streets. reporter: as of now newsome
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hasn't said anything about trump's warning to possibly get the feds involved but based on their ongoing back and forth, criticism of even other, that very well might change. connell. connell: christina coleman in los angeles. jackie. jackie: here is steve green hut, western region director. great to see you, steven. the president says federal government will weigh in. not necessarily how. governor newsom having suggestions there. your thoughts how this could potentially shake out? >> the tweets going back and forth is kind of a political theater on a very complex problem and the problem is california officials seem to look at homelessness soulias a housing problem it is not. i was talking to a top rescue mission official, pointing out 2/3 of the homeless people they work with self-identify having an addiction problem and a third have mental illness problems. about half of the people they deal with refuse services. so we have to look at it as more
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complex way. it's a big mental health problem. it is exacerbated by the california housing crisis which we've done everything wrong here. we have driven up the price of housing through all sorts of regulations, all sorts of policies that make things worse. just throwing billions of dollars at the problem isn't going to fix it without a closer look. jackie: wow. you bring up a great point. governor newsom saying that, about a billion dollars has been spent. what can the government do without pouring more money into this in an ineffecttive way? >> that is the key thing we have to do things effectively. mental health programs might be helpful. there will be a statewide initiative for homeless courts. that is good idea. some counties have the homeless courts where the goal is not to imprison people but get them into social services. prop 47, 2014 initiative that decriminalized a lot of lower end crimes, that has made it
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difficult to get some of the folks, some homeless people who commit crimes into services that they need. so it is a really complex problem, maybe this, little back and forth is good, that it highlights the problem but it is still generally a local and state problem and not a federal problem. short of bringing in fema trailers or, that sort of thing, it is hard to imagine what the feds can actually do. but we definitely need, it's a big problem. as you have pointed out. it is, homelessness gone up by 3% nationwide, and 16% in california? so we have a big problem, like to see more constructive results. jackie: you bring up a lot of great points but the president also attacking nancy pelosi. to your point, it's a local problem to a certain degree. he says in her district is one of the worst. do you think that she has been distracted by everything else that has been going on? a lot of others have been too, instead of focusing locally to work on some issues at home? >> well, you know, congress
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doesn't really focus locally. i'm not defending her. it is just the district, san francisco, i'm there all the time and it's a beautiful city but there are parts of the city just overrun with homeless encampments. the city pays $184,000 a year to people who scoop poop off of the city streets. there is an app you can get to tell you which street to take to avoid the human waste on the sidewalks. so they have a large problem. i know they're dealing with it. the problem in california, as we always have, our officials are good identifying problems. they're really bad at identifying proper solutions. jackie: fixing them. david, thank you so much. connell: unexpected popularity of a tobacco alternative. the trump administration really stepping up the effort to curb the growing craze of e-cigarettes among nation's young people. we'll talk about that. one of the world's most
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revered historic landmarks may never return to its former glory. we have new details on the the on notre dame's heart ache. >> at the same time it is christmas. a celebration of hope. is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! quitting smoking is freaking hard.st, like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small...
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...can lead to something big. start stopping with nicorette at chwe're a festive family. we're a four-legged family. we're a get-up-and-go family. we're a ski family. we're all part of the chevy family. and as we kick off the new year, we'd like you to be a part of ours. because our chevy employee discount is still available to everyone. the chevy price you pay is what we pay. not a cent more. so happy new year, and welcome to the family. the chevy family! the chevy employee discount for everyone ends soon.
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jackie: an uncertain future for the notre dame cathedral after a devastating fire to the majority of the landmark structure, in april, church-goers were unable to attend the annual christmas mass first time in over 200 years. a rector of the church, despite restoration plans for 2021, notre dame has only 50% survival rate. connell: wow. only half and half. that is terrible. a solution, the hope is, to an epidemic. the trump administration raising the legal smoking age from 18 to 21. part of an effort to cut down on teen vaping. fox news correspondent william la jeunesse with the details. reporter: so the good news is cigarette, alcohol, even prescription drug use among teens is down. what isn't is teen vaping. now initially sold as a way to reduce smoking, studies show 37% of high school seniors use e-cigarettes.
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that's up 10% from last year and 21% vape marijuana or hash oil. this exposes teen not just to nicotine addiction but additives like thc in vaping cartridges. it is that exposure that killed hundreds and prompted president trump to raise the age to buy any tobacco product to age 21. >> i think that raising the age restriction for tobacco sales to 21 is a good step. it is not a sufficient step in terms of what is leading preventable cause of death in the country. reporter: now short of a ban, experts want the fda to regulate e-cigarettes, and outlaw flavored products including menthol which they consider a gateway to lifelong nicotine addiction. many consumers agree enforcement is a problem. in 19 states that already ban sales under 21, studies show 20% of retailers break the law. >> the kids will find a way to
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go through someone else to get what they want but it will definitely help, making not so easy and accessible for them to just be able to go walk into stores and buy at 18 years old or whatever. reporter: others see a double standard. 18-year-olds can vote, get married, buy a rifle or join the military but under last week's bill they cannot buy tobacco. >> there is multiple other thinks you can do at that age. why not smoke? it is your body. your choice. reporter: awareness is another issue. the danger of cigarettes is well-known but a single vaping pod has the same amount of nicotine as 20 cigarettes. connell, we can expect some public information campaign in the coming years. back to you. connell: william, thanks. william la jeunesse. jackie: a huge movie mishap. notice some glitches during the new "cats" movie? you were not just seeing things. and, was this 65,000-dollar gift on your child's christmas list?
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and i recently had hi, ia heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk
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of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. it is a catastrophy i am told. >> film add application of musical cats disappointing at the box office bringing in about 6.5 million on the opening weekend, that slows than half of what analysts expected, budget is 100 million. that is awsm.
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awful, another point to make about movies, top tep films of the year continue to take increase share of total sale. total share, 38% this year, compared to 24. let's bridge in tam tame journ-- entertainment journalist. you have to bring in, you better have a decent movie, cats did not accomplish that. that. reporter: catastrophy. too membershi many puns. 100 million, and you have these huge english stars in this judi dench, and taylor swift, jennifer hudson, so many great actors. connell: they should sue being involved. ask you about that other stat,
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more and more of share of top 10 film that dominate, you have to have a really good movie, i guess or this what it tells me, there are so many other options. you better have a good movie. >> that is what it is, what is dominating the box office right now are the huge franchise fil films. looking at top earners. and a lot of others that came up, "lion king," "frozen ii," captain marvel, aladdin. but these are movies that people really wanted to see, it is the mid range movies that are not doing well, a lot of the comedies, those films are going to basically netflix, marriage story that is getting attention now. that is a movie that maybe would not have done well if they just
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released it out in theaters. but on netflix getting oscar buzz. connell: it makes sense, new world with streaming services. today we heard from elon musk from tesla, teasing us this disney plus will be coming soon to tesla incar systems. they already have others they stream in the cars. now i guess disney plus makes sense. >> you are waiting around, and charging your car too. a good them to have these apps you can watch. disney plus is huge, talking about the streaming service, streaming wars. you think there is a lot of streaming now, wait until next year. all of these streaming services are what you need to have.
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a lot of -- that future of movies really is not streaming, a lot of movies that were released that did not do well in theaters, mae have been more successful had they released them streaming. maybe pared 'you know with the shining. >> you get more buzz too. team talpeople talk about. >> right. connell: we end as with a note about kim kardashian. kim bought her daughter, whose name is north, bought her daughter a jacket, this is the christmas gift, jacket that was owned and warn by michael jackson. "e! news" reports it was a -- world 65 grand. i think she got it at an auction. i have two daughters. this is an appropriate christmas gift. >> did you try, i am sure.
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it is northwest, it is kim, ask kanye's daughter, she loves michael jackson, kim said, michael jackson wore this to elizabeth taylor's birthday party, if northwest wears this jacket, they had it taylors to fit her, then it auctioned off that would be worth more. a good investment. connell: that is what we think. thank you, kim. merry christmas, and happy new year. >> thank you. connell: jackie. jackie: child is here, disney unveiling official babe yoda plush, for preorder, with a coat and trim an embroad ires facial features. patience is a virtue, not buying shipped out until february. connell: that kind of freaks me
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out. i get killed of time. jackie: i preordered one. connell: did you? then it is cute yeah, thank you. connell: bulls and bears starts right now, see you tomorrow. david: investor finding a lot to chief about after christmas, a santa rally boosting all 3 mayor averages to new record highs, dow's 21 record close of the year, nasdaq closing above $9,000 for first time ever, new data now shows that s&p 500 is peperforming better under president trump's first 3 years in office. this is "bulls and bears," thank you for joining us, i am david asman, joining me, jonathan hoenig, kristina partsinevelos. and gary gare and
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