tv After the Bell FOX Business January 10, 2020 4:00pm-5:01pm EST
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we're at 28, 826, and falling 130 points, s&p down 8 the nasdac down 23 but the longest economic expansion continues next week, folks, the trade deal is apparently on track, signing phase i is wednesday have a great weekend. melissa: a wild day on wall street the dow crossing the 29,000 mark for the very first time, but then sailing to close over that milestone. the dow ending down 131 points, well off earlier highs, amid renewed tensions with the middle east after u.s. imposed new sanctions on iran, we crossed into that territory and we lost it. i'm melissa francis happy friday connell: i'm connell mcshane welcome to "after the bell" the s&p and the nasdac up in the red but all three of the major averages earlier were at all times high, before we pulls back so let's talk about how all of that transpired fox business team coverage on a busy friday
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with blake burman at the white house, gerri willis on the floor of the new york stock exchange, edward lawrence is in d.c. and grady trimbull is in chicago with all of the news coming out of 1,600 pennsylvania, blake we start with you. reporter: hi there, connell the president's top advisors continue to insist the attack potentially directed by qassem soleimani against the u.s. was imminent, as the secretary of state, mike pompeo, at one point saying that the president's advisors would have been negligent, had he not told the president he should have struck soleimani like he did. as far as the president goes he gave an interview today to fox's laura ingraham and said u.s. embassies were at risk. >> don't the american people have a right to know what specifically was targeted without revealing methods and sources? >> well i don't think so but we will tell you probably it was the embassy in baghdad. >> so the large scale attacks
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planned for other embassies and if those were planned, why can't we reveal that to the american people? wouldn't that help your case? >> i can reveal i believe it would have been four embassies. reporter: the treasury secretary and the secretary of state today also announced additional sanctions against iran, some of the direct result of tuesday night's retaliatory strikes and they say these sanctions will choke off some funding iran desires to finance terrorism. >> they've got real challenges in figuring out how to make difficult decisions. do you under write hezbollah, pick hamas, under write the she a malitias in iraq or do you allow your people to have the opportunity to live the life they want and grow your economy? >> all the focus this week here in washington or at least much of it and rightly so was on iran but next week, it will refocus most likely pack back to
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impeachment as the speaker of the house nancy pelosi wrote to her democratic colleagues suggesting that the articles of impeachment could be sent to the accept at next week potentially on tuesday at some point, and that of course will then trigger the senate trial after that. back to you. connell: working a little china next week as well, blake burman on the north lawn for us, a major time for the dow today gerri willis is on the floor at the new york stock exchange, that was, it seems like a while ago, we hit that 29 k. >> yeah, and then we never went down and we never came back i have to show you i'm not going to put the hat on because we did not close there as you well know but understand moving to the 29,000 from where we closed thursday night, a fraction of a percent, right? so these are not big news that we're talking about, and the traders down here, they all say that it doesn't really matter until we close above that level and now you may be wondering why are we down 133 at the close not a lot of volume today, so movements are easy to make so 37
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days for 29,000 and apple leading the way other big player s, goldman sachs, united health, and to look at the markets for the week here, the dow, s&p and nasdac, more than 1 % in the first full week of 2020, that's important. people pay attention to that kind of number. the dow is up four of the last five week, s&p 500 six of the last seven weeks nasdac up five weeks in a row so this kind of performance especially at the beginning of the year seems to p ortend good things but i have to tell you with the traders, these 29,000 they don't pay as much attention as you might think they do, back to you. connell: interesting gerri, thanks. melissa: boeing's circus is run by clowned supervised by monkeys these are internal messages at the company, slamming the 737 max. fox business grady trimbull is live in chicago with the details reporter: melissa boeing released these messages to congress and the faa and they seem to back up what critics of
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the company have been saying for months that boeing mislead regulators when getting the 737 max plane to market here is one of those messages that you just referenced from a boeing pilot where they say this airplane is designed by clowns who are in turn supervised by monkeys. another one, from a boeing employee saying that i still haven't been forgiven by god for the covering up i did last year. and then another employee said in a message, they wouldn't put their family on a 737 max plane, all of these messages particularly ominous because they were sent before those two crashes in 2018 and 2019. boeing a pop orgiesed to the faa , to congress as well as its customers and passengers and it also calls the messages unacceptable and says that they don't reflect the company who is and needs to be and the timing of this is interesting because boeing's new ceo starts on monday and he will be taking over a stock that's been struggling. boeing shares closing down almost 2% and the company
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promised more transparency under the new ceo and this seems to be a step in that direction, and we've also learned about a different company, spirit aero systems this is a big supplier to boeing they're laying off 2,800 employees, melissa, at a wichita, kansas facility and they expect more to come because as you know, the 737 max plane is not being produced right now, and that is a big source of their business, so they don't know what to do without that plane being made. melissa? melissa: wow, grady, thank you. connell: more in our friday market with doug flynn, joins us along with paul adversano, and it's always good to see both of you gentlemen. let's talk a little bit about the geopolitics, we see the market pulled back just a little bit today, as gerri willis rightly points out cause and effect is always difficult but we have the new iran sanctions announced and what i heard thrown around after that, was that indirectly, some chinese companies might be impacted just
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ahead of a china deal being announced next week because they've continued maybe skirting previous sanctions to work with iran so what would you say about the relationship, paul, between those two countries and what it all means for investors? >> well crossing over 29,000 today was certainly exciting. i think in the short-term we could possibly hit 30,000. i think the two things i would point out that people need to be aware of was number one we should be taking a long term view when it comes to looking at the markets and more importantly we know the markets don't like uncertainty and going into this year there's certainly a lot of uncertainty. i think most recently iran, this phase i china deal, i think the details still need to be worked out and there's a long way to go other than despite the fact that it's being signed next week, but there's a lot of as we get toward the phase ii, and i think there's a lot of other geo political risk not just iran and china north korea is still out there, russia is still out there so there's a lot of things from an uncertainty standpoint geopolitically that could impact the mark econnell: all of that said doug 37 trading days ago i
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believe we were at 28,000 so we didn't stay above 29 today, sometimes these numbers especially at the dow weren't that important but what would you say about the momentum in the market? >> yeah it's interesting. if you look at from december we're up about 5% and actually from three months ago, the markets have about 13% with financials and technology up over 15%, and the last three months so when you have a move like that although 29,000 is a nice somewhat round number, we all really want 30,000, which we're only 3.5% away from so i think when you have a move like that over a short period of time that's a big move sometimes more than your annual gain in just a couple of months so it doesn't surprise me a little bit of this coming off a little bit here, is very normal. i would actually like to see how much bigger dip in the short-term so we could put cash to work, so that's where the opportunity is. melissa: ten straight years of gains and the u.s. economy adding 145,000 jobs in december falling short of expectations, however the jobless rate is
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still at 3.5%, that is a 50 year low. fox business edward lawrence is live in washington, with all the glorious details. edward? reporter: yeah, melissa first the jobs report announced this decade, men or women passed men holding jobs for the first time, since 2010 and non-farm payrolls and now 50.04% of the labor force, as you said in december, 145,000 jobs added the unemployment rate staying at 3.5 % tying that record low, white house economic advisor larry kudlow says look at the wage increases for men and women because he says this report still shows solid fundamentals in the economy. >> the bottom half of the population has seen an increase of 47% in their household net worth. the top 1% has seen an increase of 13%, because that's the sign
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of an economy that's been restructured and reopened. reporter: average hourly wages increased 2.9% in 2019 the last time that percentage fell under 3% was july of 2018. this indicates muted inflation pressures, prices are not drastically rising, going into the first meeting for the federal reserve this decade, inflation will be in focus. in my exclusive interview with minneapolis federal reserve president he says inflation is his trigger, and that's important because he's a voting member that sets rates this year >> right now, i'm comfortable with pausing interest rates to see how the economy evolves, if inflation expectations continue to slip or the economy continues to weaken, i probably will advocate for further rate cuts, but i'm comfortable where we are right now. reporter: we've heard clear uncertainty like ratifying usmca and signing a good phase i trade deal with china could boost the weaker business investment especially in manufacturing and construction.
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construction, for example, adding 20,000 jobs in december, but in all of 2019 adding 151,000 jobs, that double though in 2018, so melissa there is room for growth in this economy as we go through 2020. back to you. melissa: edward, thank you. all right, paul and dug are back paul, what do you think about this. it looks like there's still room to run here, i thought a study from goldman sachs recently that was crunching the numbers saying that salaries at the bottom are growing twice as fast as salaries at the top, so there's good news even inside all of these numbers, in terms of the wage gap closing between rich and poor. >> right. i think most of the commentary you hear this is more of a good message as far as the job report goes, but most of the commentary you hear is looking back historically over the last year and obviously by any measure the economy and the jobs report has been very strong. i think, however i'm going to take a little bit of a barisha stance looking forward. what concerns me most is that
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we're at the end of the cycle, we're at a historically low interest rate environment and deutsche bank has come out and reported that half of the u.s. population spends more than their income, and that is what scares me a little bit, because historically, this market has been driven by consumer spending how long can that continue? so in the short-term i think there's more room to run and over the medium to longer term i'm more barisha. melissa: doug i'll take the other side of that bet because i think we have seen the economy and the market held back by the fact that we are trying to do all of these trade deals, and so there is an artificial boost coming, when the president mays the deal, i mean, whether it's getting the usmca into effect, or it is making some kind of a deal with china, or making a deal in the uk on the heels of whatever happens with brexit. i mean it just seems like that's going to be a boost, where normally i'd say paul would be right we would be at the end of the cycle but we have this other extraneous thing that's going to happen and breathe new life.
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what do you think? >> i kind of agree. i think the unemployment rate is going to tick down toward the end of the year but there's a couple things we look at deeper than the month-to-month changes on these numbers and one of them is discouraged workers, and part -timers looking for full- time. that is at its highest level in 25 years, and also, the labor force participation rate of the prime workers, age 25-54, is the highest in ten years, so i think there are better numbers behind just the headline number here that bode well when these other things come on line and you should see some of that turn into a lower unemployment rate even though month-to-month it may or may not hit the number we're all forecasting. melissa: u6 looked really good in their, paul and doug thanks to both of you. appreciate it. connell: more on the tensions we're seeing on the world stage as the u.s. sophomore sanctions on iran today trying to stop the regime from engaging in terrorist activities, critics saw it's somehow putting our
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connell: it's an embarrassment of riches. new research is out from the american action forum and it's signed the wealth tax proposed by both elizabeth warren and bernie sanders, and in warren's cause could cost workers $1.2 trillion in lost earnings over the course of 10 years. in the case of sanders, 1.6 trillion lost earnings, co- author of that report from the american action forum, the president of that group, he joins us right now. doug always good to see you. simply tell us, without, you know, don't kill us in economic speak, but tell us how you came up with these figures. we talked a lot about the wealth tax and you put numbers to it. how did you come up with it? >> so we didn't do the number, we retained three experts who are at the e& y modeling group who have the kind of technolog ies that the congressional budget office, the
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taxation, the sort of experts who look at legislation and got the same kind of formal models and we asked them to look at the wets tax, and the motivations pretty simple, these are advertised as low taxes on a couple of people, but if you think about why they picked those couple of people, it's because they control a large amount of the economies invest able wealth and if you actually look at those taxes, their tax rates have 6 and 8% but if you have a 6% rate of return and a 6% tax rate that's 100% tax rate on your annual return, so if you got the combination of a lot of capital being taxed at extremely high rates, you start to surveillances something like that and that's what we ised them to do. connell: it was interesting i was thinking about that in the context of what's happened off the last decade that since 08 the economies came roaring back and particularly the stock market has and whose benefited right? more so than anyone else, people who have investments, the so-called investor class and that's led to, we talk about in
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politics, a lot of anger and people, and a lot of that by the way justified. people say well i didn't make as much as these people, they were bailed out and all of the rest of it, but when you start to look at it from this perspective , this doesn't just hit the wealthy. it may sound like it does, but it doesn't necessarily work that way. >> right. so i think the anger part of this comes from workers saying that it was my effort that allowed them to get really well off, but the reverse of that is we're all interconnected and if you try to make those people who have the capital worse off it spills over to the rest of the economy. the only question is how big is that spill-over and what we found out is it could be quite substantial. $1.6 trillion in lost earnings is a big hit to the working class. connell: yes. >> if you think of it in terms of who ultimately bears this tax of every dollar collected in wets tax ultimately $0.63 comes out of worker's wages connell: because when you think of it, if it's a debate,
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elizabeth warren or sanders will be asked, no, no, it's only a sliver a small group of people is what they will say and you say no, no, no. >> no. the small group of people were selected because they have a big influence on the economy. the attacks are part of the economy. you get a bigger impact. connell: always interesting doug , thank you, sir have a good weekend. thank you, connell. melissa: robots taking over the tax. how one casino is replacing bartenders with robots. connell: they look like humans. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started.
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stock is not moving a ton but down $0.32 more as we get it but now this. >> we are announcing additional sanctions against the iranian regime as a result of the attack on u.s. and allied troops. today's sanctions are part of our commitment to stop the iranian regime's global terrorist activities. we will continue to apply economic sanctions until iran stops its terrorist activities and commit that it will never have nuclear weapons. melissa: the white house slam ming iran with new sanctions here now to discuss is chris hammer retired navy commander. chris before we get into that i was reading your note, and i mean, you are a straight guy. you're not political, you don't take sides so when i read your note and you said that qassem soleimani was the most dangerous terrorist of the modern era, more dangerous than carlos, osama bin laden, you go on and on, tell me about that.
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>> you look back at the modern history of terrorism since 1945 and there are three guys that stood out in the 1970s, carlos the jackyl, 1980s, gave comfort training to the one of the leftist european terrorists and then starting in 1990 you had osama bin laden and all three of those guys suffered in terms of their effectiveness because they were dedicated to this cult of personality and they made it about themselves much more so than they made it about what in their terror itch was guided towards. qassem soleimani was so brilliantly effective because he was a low-key personality and very personally modest and hum bet yet he was strategically brilliant. he's been a terrorist for 41 years the vast majority of americans don't know his name because he operated in the shadows and now what he did was not in the shadows. i mean, he was the primary strategist for lebanese hezbollah, and the rebels in yemen, for the she a malitia in
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iraq that killed hundreds of american soldiers so he's been very very effective but also very below the radar so to speak in terms of the public awareness and in any case, he deserves to be dead. i'm glad he's dead, and we can take it from here. melissa: they've gone to great pains to say that other administrations, other presidents tons of people could have ic tariff en him out and chose not to do it. given what you just said why would they have not done it sooner? >> there's a little bit of a difference between a guy like osama bin laden whose the designated leader of a foreign terrorist organization and qassem soleimani who held a position within a terrorist state like iran, so iran has been designated as a terrorist state, a state-sponsored terrorist since 1984 and every iteration of our government, republican president democrat republican congress doesn't matter what you call it, iran has always been considered a terrorist state and with good reason, qassem soleimani has been at the center of that state 's terrorist activities and strategy. the reason people didn't take
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him out before the prior presidents didn't do that is they were concerned that destabilizing the regime would have follow on effects, but ultimately iran has been on this for four decades and they've known what the consequences eventually would be, and i just can't find any sim path it for the defenders or the critics of this policy. melissa: what do you think happens now because you said others were worried abouts destabilizing effect so what do you think happens now with iran? >> the iranian leadership has to make a decision, are they going to escalator deescalate, at this point i think the rare leadership is looking for an out and looking for an out because they don't have the support across the broader mid-east. in fact they don't have the support in their own country to escalate. the iranian economy is in terrible shape and the iranian people no longer support the regime. there is a point 25, 30, 40 years ago when a solid majority of the iranian people at least tolerated the regime. at this point it's not the case so they don't have domestic support, they don't have international support and still
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have their international terror network but they are growing increasingly isolated so they are looking to deescalate and survive. melissa: you think that by squeezing them with sanctions there could be a deal of some type? >> no i don't think there's ever a deal between this administration and the iranian regime. i am a fierce critic of the jcpo a, the deal from the obama administration. i think they were willfully naive as to what the impact of that would be. what they claim the impact was, a sausages of the iranian nuclear program and i don't think that's realistic at all. i think what happened was they took the iranians took the money from the nike deal, they temporarily suspended their nuclear program, and they used that money to finance terrorism throughout the world and to improve their nuclear program so i think there's just no possibility that the iranian regime and this administration will come to a deal and i really don't think we should at this point i think we should continue to tell the truth about the iranian regime, largest state- sponsored terrorism in the world with a nuclear program and we should continue to increase the sanctions. the only question is are we
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going to convince the europeans and the pacific rim to come with us and i hope that's the case. melissa: come back soon. i could talk to you all day. thank you. >> thank you. connell: always good so the 202t where we heard the number $1 trillion today. it's how much pete buttigieg would like to spend on infrastructure and he's put a plan out about that that hillary vaughn has been looking over joining us from washington with the latest. reporter: hi connell that's actually only half of what president trump has pledged to spend on infrastructure if he can work out a deal with democrats in congress to get something passed trump has promised a $2 trillion spending package, double what mayor pete buttigieg said he will spend as president but the mayor is taking a dig at trump for not getting anything on infrastructure done. >> infrastructure is another example where local communities including los angeles have had to act in the absence of the federal support that we really should see more of. >> pete buttigieg's plan would spend the cash to rebuild half of america's roads and bridges,
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invest in sustainable green energy, like public transportation including electric buses and also rollout electric charging stations, nationwide, and it would spend 80 billion to expand internet access in rural areas and also invest $10 billion to train more workers, to get all this done. it also promises to cut your water bill in half, saying american families would save on average about 600 bucks a year, and pete buttigieg's trillion dollars price tag does come with a tax bump to pay for it and by reforming capital gains taxes, repealing president trump's tax cuts, raising estate taxes and also eliminating some estate tax loopholes, but this infrastructure plan comes as the 2020 field is getting smaller, headed into the iowa caucuses, mary ann williamson, who moved to des moines this summer, is ending her campaign for president just weeks before the caucuses kickoff. connell? connell: all right that does it for her. the infrastructure supposedly
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the one bipartisan issue but as you say, hillary we haven't been able to get it done, thank you. hillary vaughn. melissa: do you know what's the bipartisan issue is spending all of our money. spending my money and your money that's one thing they all can do it drives me absolutely bananas. connell: i'm glad i was able to trigger you. melissa: you really were. a major warning before your next on line order how scammers are posing as workers from amazon's fraud department. connell: and admission from federal prosecutors missing video raising even more questions, and the investigation around jeffrey epstein's death we'll have the story on that. melissa: plus a potential game changer, and new research revealing that jupiter might be actively flinging dangerous objects at earth, like a sniper. connell: what? melissa: who knew jupiter was so furious with us, this is the huge planet acts as a large shield protecting earth from comets and asteroids. no it might be the opposite. connell: did you make all of
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areas not to give any info over the phone or any info online, so there you go. melissa: speaking out on abuse, accusers of jeffrey epstein detailing how they felt when they learned about his death last august. brian yennis here with the details. reporter: melissa as the fbi continues its investigation into any of jeffrey epstein's alleged co-conspirators last night on abc, epidemic seen accuser maria farmer, said his former girlfriend threatened her life after she and epstein both sexual assaulted her one night. >> i remember having some bruises. they didn't get my clothes off. they tried. i was in an absolute panic to the point where i was able to get myself up and get out of that room and gillian came after me but i literally took these big pieces of furniture and pushed them against the doors. her whereabouts is unknown and a friend tells fox news recent
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reports that maxwell is hiding in safe houses being guarded by former u.s. navy seals are gross ly exaggerated and untrue. meantime, m. i.t. released the findings of an independent investigation into the university's relationship with epstein and it found he donated $850,000 to m. i.t. between 200e visits to the campus after he was convicted as a sexual offender. the investigation also found the president of the university was not aware and had no role of a professor who accepted donations is now on administrative leave. this as yesterday, federal prosecutors revealed that surveillance video from outside jeffrey epstein's jail cell on the night of his first alleged suicide attempt in july has been deleted because of clerical and "technical errors" by the metropolitan correctional center and the letter reads"the mcc
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inadvertently preserved video from the wrong ti er, and it no longer exists." and this only feeds the perception that the public will never really know what happened to epstein. melissa? melissa: that reinforces the truth. brian, thank you. connell: crazy. as we continue a six-figure pay day from taco bell. the company has an offer to qualify job seekers that could really change the industry standard. we'll stick around for that story and today we have new fall out in the royal drama. how a famous tourist destination is keeping up with the duke and the dutchess of sussex. next. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight.
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we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ connell: we have a help wanted sign for you the fast food restaurant taco bell is about to offer up six figure salaries for managers at its restaurants and jeff flock is live in chicago. interesting story development when we're talking about the tight labor market and everything else, right? i know the president said salaries are up not so much but in certain locations, and it just occurred to me you mentioned the duke and dutchess of sussex. if they each moved to chicago
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and each became a general manager of a taco bell like this one on wabash avenue they're pretty close to financial independence because taco bell is paying its managers at least in select locations $100,000 a year, compared to between 50 and 80,000 they normally pay, and why are they doing this? well they are doing pretty well in terms of same-store sales but they also gave us a statement which said we want our restaurants to grow and looking out for our managers is one of the main ways to accomplish that now as you know, connell, the fast food industry is not exactly noted for high incomes, and in fact if you look at the average salary of a foodservice industry manager it's in the $56,000 or $46,000 range, and burger king, for example, one of the few places that we could get some data on, average salary for a manager about $45,000. the only outlier on this, now, except for taco bell, is our
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friends at in-n-out burger in california. they've got a great reputation and they pay their managers on average, they claim, $160,000 but of course everything costs more in california. and so there you go. an idea. it's always good to have a back up plan, when you're in television or whatever you're doing a backup career plan so it's a good plan. connell: you've always taught me that among other things jeff flock on the streets of chicago, thank you, sir. reporter: don't listen to anything. melissa: now i'm starving here is carol roth create or of the future planning system former investment banker. what do you think about this, does it reflect how much people are going to taco bell, and in-n-out? does it tell you about the tight labor market? is it smart business, good pr? your thoughts. >> first of all if it's people going to taco bell i'm completely at fault because i love it. i am there all the time but this is what happens when you do have
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a tight labor market and obviously, i think that it's a fantastic thing when you let the markets do what they are supposed to do, businesses know they want to compete for the best talent they have a to be of turnover, and they know rewarding their managers creating that path for the lower income workers to see if you stick it out you do a good job here is the opportunity. i mean, this is the american dream and it's not just taco bell, as you mentioned in-n-out, chick-fil-a, there are a lot of businesses, and other ones that are going to have to compete now they are watching taco bell do this. melissa: seriously show up, do your job, be responsible work your way up and your next drink might come with a twist, wynn resort in las vegas planning to install robot bartenders for patrons on the gaming floor as they make drinks at the bush of a button and you know what this is all about when the waitresses are going back and forth getting free drinks from the people betting at the table and you want those people as drunk as possible so that they spend and risk as much money as they possibly can, they are going to have bartenders
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behind the scenes, robot bar end ers, just churning out the drinks. your thoughts? >> this is the opposite side of the coin. this goes to show you that the true minimum wage is zero, and you can certainly ask for whatever you want, but if you don't have a level of skills that eventually robot will come and take your job and guess what melissa they show up on time, they don't unionize yet, and you probably don't talk back to their employers, so this is the risk that when you're on the low end of the spectrum and you get the fight for all these things that sound like a great idea emotionally, there is these, there are these unintended consequences on the other side that at some point it just doesn't make economic sense any more and obviously we would rather have more people getting into the labor force having the opportunity to work their way up like we talked about with taco bell than losing their jobs to a casino rosenstein bit. melissa: absolutely, finally hollywood producing more than 500 scripted shows last year
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compared to just 300 in 2017 as competition for viewers heats up carol let's write a script. let's write it and sell it. >> i've got a ton of ideas we'll work on this offline. this is such a great thing for everybody. this is great for consumers and you get all kinds of choice and opportunity, this is great for people who work in writing and great for producers directors actors. think about it this is market competition and when you open up the channels and you don't limit it to just a couple of channels on cable, and all these people can compete, you get moneys thrown in a bunch of different directions and at the end of the day i think we're in that era now that you can access it anywhere the content is the supreme king, not just king any more, but the supreme king and i'm pretty excited. i'm a very avid consumer of streaming shows as well. melissa: we'll get taco bell and a drink and watch television, carol roth thank you, good stuff connell: you guys can write
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about megxit. this drama continues and somehow oprah got involved in the whole thing and a friend of harry and megan denies that oprah advised the duke and dutchess of sussex and their decision to step back from the royal family and then there st. wax museum issue over in london. apparently from what we understand they moved the harry and megan wax figures away from the other royal family members. so that was quick. melissa: [gasping] cop so connell:, so who better to ask? melissa: our own royalty. david: 99% of the time it's okay to say who better. this is one of those, i've had royal overload. by the way we're talking about netflix, well all we all love the crown, i love it but that was when the queen and the royal family had substantial influence , on the affairs of
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state and not just their own affairs. i mean you think of prince andrew for god's sakes and whatever he was doing with jeff and god knows who else. i just had it i'm so glad that i'm an american that we don't have to deal with that. yes, we have the kennedys and you have your royal family so to speak, but the whole idea of somebody born into a royal position where everybody has to bow, i'm just over it. connell: be careful ashley webster and stuart "varney" are waiting for you at the door. david: oh, forget it there's a reason stuart became an american citizen. the royals is one of those reasons. connell: by the way i read today , tmz said the crown, i didn't tell me this, but the executive producer of the crown apparently said they might not go long enough to get this. melissa: [gasping] deployment and the reason i think that we all love the crown is because there were historical ly significant things that the royal family was involved with all through the 40
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s and the 50s and you started to get like this and now it's just totally off the rail. i mean god bless queen elizabeth she's the last remaining person with character in that family, it appears i don't know. connell: we'll see you on bulls & bears. david: we got secretary of labor to talk about jobs and we also have more important to melissa and me the editor, the wine editor of food & wine, to talk about the new 100% tariffs on french and italian wines, and we love american companies, but come on, maybe there's some way that we can, they are due to kick in next week that could double the price of our wine from overseas. melissa: we'll see you at the top of the hour. see he was the best one to ask about the royals. connell: who was he kidding? melissa: a small player with a big team. the san francisco 49ers have a secret weapon to help them win the game and it is the first for
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the nfl. plus the fast lane to the auction block one lucky bidder is driving home a legendary mustang from a hollywood classic that's next. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. aleit's a master stroke ofe's heartachew. and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. most people think as a reliable phone company. but to businesses, we're a reliable partner.
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for the car i want. i tell truecar my zip and what car i'm into, and it shows me the truecar curve. this shows the range of prices people in my area actually paid for the same car. looks like these folks paid a little more than everyone else. and this guy got the deal of a lifetime. this is how car buying was always meant to be. this is truecar. (narrator) before you buy a car, see what others paid for it with truecar. connell: so they are apparently calling it the mona lisa of mustangs, it's a 68 classic made its first appearance with steve mcqueen in the movie "bullet" and it sold today at auction for $3.4 million. 3.4 million. even a little bit more when you work in the fees. second highest sold american muscle car ever, we are joined foxnews dot come's automotive editor and the most expensive mustang, so what's the deal with this why are people so, that's a
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big price, even for a popular car like a mustang? >> 3.74 million after the fees get added on this car has so much going for it, it was the mc queen car one of the most famous car chasings of all-time, in "bullet" but it was bought out of a classified ad, for $3,500, used as a daily driver until it broke down in 1980 and parked it in the garage and left it there for decades and nobody knew where it was and as the mast mastery built the family, they realized they had something special but they didn't want to deal with the attention it would bring so they weren't sure what to do, do we fix it up, do we tell people about it and he died in 2014 and the son said the 50th anniversary is coming up it's time to share this with the world and they called up ford, brought it to the detroit auto show that year and next thing you know -- connell: what a treat, $3,500, i read somewhere that mcqueen himself wanted to buy and they
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wouldn't sell. >> a couple of years after he bought a 1977 mcqueen reached out and said look this is our car now, wasn't worth much then, but now ..4 million is something you paid 3,500 for. connell: that is a great, yeah you're right about that. good story gary, good to see you thank you, sir. melissa: an emotional assist on the field the san francisco 49er s adding the nfl's first emotional support pet to their team. the one-year-old french bull dog named zoey has been with the team throughout the season to help players and staff relax and relieve stress, especially before a big game. connell: cute. nice story. melissa: come on. giant football players, they need a little tiny dog? connell: they can't have feelings? do you have a problem with french bulldogs? melissa: no, no, no. don't label me. i'm just saying that. i mean, i don't want to mess with it but now you're having a
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fantastic season i want them to go all the way and win the super bowl. they are fantastic but i just think a tiny little dog is like a little emasculating. connell: our show does a lot of stories on french bulldogs. melissa: bulls & bears now. david: making history once again the dow hitting a major milestone 29,000 for the first time ever, during intraday trading today before losing steam, but white house economic counsel director larry kudlow says investors and consumers still have reason to celebrate and hi, everybody this is bulls & bears thanks for joining us i'm david asman joining me on the panel adam lashinsky, jackie deangelis, gary b. smith, and jonathan max ferris. good to see you all, well it was during white house economic director larry kudlow's interview with our own stuart "varney" that the dow crossed 29,000 during the interview and retreated after the u.s. announced new sanctions on iran. kudlow though saying everyone
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