Skip to main content

tv   After the Bell  FOX Business  February 20, 2020 4:00pm-5:00pm EST

4:00 pm
paul detreich, thank you so much. [closing bell rings] liz: i'm a fan ever tesla but it is overvalued. markets closing well off the session lows but that is no solace for the bulls who are red paint slapped all over their fur. that will do it for "the claman countdown." connell: all right. cutting the losses on wall street. major averages ending the day well off session lows. investors monitoring the impact of the coronavirus among other things and the dow is lower by 130 plus points. we were 300 points down at the lows. >> i love it. you always look on the bright side. connell: always. just the opposite is the truth. we did end up off the lows today. good to be with you, how about that? i'm connell mcshane. melissa: i'm melissa francis this is "after the bell." the s&p 500 also ending in negative territory. the nasdaq snapping a three-day record streak. both are less than 1% away from their closing highs. more on the big market movers
4:01 pm
but first here is what's new at this hour. president trump on his west coast tour. the president about to depart las vegas and head to colorado for a campaign rally tonight. we'll review any breaking headlines from the president this hour. plus, money, well, turns out it can't buy you everything. michael bloomberg pouring more than $400 million into his presidential campaign that did not help him at debate time last night. new resistance against amazon. another city fighting the company on its plans to provide thousands of jobs for american workers. who would want that? connell: fox business team coverage of that and more. blake burman at the white house for us today. jackie deangelis on the floor at the new york stock exchange and speaking of amazon, grady trimble is on the ground in the state of illinois. we'll get to all three but first to yaki. >> good afternoon to you, connell. while the dow ending down 130 points, after a bigger drop
4:02 pm
earlier in the session, roughly 300 points. that was after on rumors, some chatter was circulating on the floor here that look, maybe the coronavirus complacency on wall street isn't exactly right when it comes to this situation? maybe china is not exactly telling us what's happening. maybe this can become a pandemic. that is really what spurred a lot of the selling. then one fed governor pouring coal -- cold water we would see more rate cuts this year and that was why the market dropped. the big story of the day was morgan stanley buying e-trade for $13 billion in an all-stock deal. you can see e-trade's stock was trading higher by more than 20% on the news. it's been a target since we saw charles schwab and td ameritrade merge at the end of the year. what they are going to get? five million retail customers. morgan stanley is known for its high net worth business. now they're folding this in.
4:03 pm
more competition, more consolidation, more the ability for the company to attain additional revenue stream. the e-trade ceo will come over to run the business. one interesting point that was brought thome down here this, is the biggest wall street deal we've seen since the financial crisis. more regulation of course coming after that point. competition, consolidation, the search for revenue actually creates a situation where consumers now will have maybe less choices. guys, back to you. connell: that is a big deal. jackie. thank you. melissa: a tale of two tapes. the white house releasing the annual economic report showing the u.s. economy continuing to outperform 2016 election expectations. this as self-proclaimed democratic socialist bernie sanders is quickly emerging as the front-runner for the democratic nomination, promising a radical transformation of the american economy. let's go to blake burman at the white house for all the details. a stark contrast there, blake. reporter: melissa, yes indeed
4:04 pm
over at the white house they produced today what they call the economic report of the president released every year annually by the president's economic advisors, part of what the administration was trying to do today was draw a contrast between the trump economy over the last three years and the obama economy that led into it. here is part of their argument today. they say the trump economy led to more manufacturing jobs, greater rates when it comes to labor force participation around homeownership. they also say the bottom half of earners has seen their wages rise more. however it also sidesteps the trillion dollar deficits that the trump administration continues to rack up and embrace. meantime, just a little while ago, hope for prisoners graduation ceremony in nevada the president said the economy has made things like criminal justice reform possible. >> they used to have the excuse, well we can't do it, the economy's no good, very high. we're down to 3.5%.
4:05 pm
we're probably going lower. wages are going up, first time in 21 years they're really going up and going up -- it's a beautiful thing. if you're like in my world it's a beautiful thing to watch. reporter: also capturing the president's attention today the democratic debate from last night. the president continuing to pile on as so many have across the country to the performance of michael bloomberg last night. he posted to twitter, president did at one point, quoting bloomberg who said that bernie sanders cannot beat the president. the president responded by saying quote, mini, as he likes to call mike bloomberg there is even less chance after watching your debate performance last night of you winning the democratic nomination. i hope you do. bloomberg fired right back with this, quote, shouldn't you be pardoning roger stone, you carnival barking clown? that just a sampling to the reaction last night. melissa: i mean the problem is, that his twitter account,
4:06 pm
michael bloomberg's is so much quicker, clever, more on point than his startled expression last night. reporter: we learned bloomberg spent 463 million on his campaign so far. he has a few people working on social media. melissa: he should put that person on the debate stage, instead of himself. just a thought. break, thank you. connell: like jonathan hoenig is great on twitter. capitalist pig hedge fund founding member joins us, pretty good person and fox news contributor. "axios," you're okay too on twit and in person. deion rabouin. >> i don't want the smoke either. connell: president trump contrasting his economic performance with president obama. pretty soon which might have to contrast president trump's performance over the next four years with a potential president sanders. not just because of last night. all the data shows bernie sanders is the front-runner. talk about contrasts in mick
4:07 pm
visions. trump, sanders. what do you say. >> if you watched bernie sanders last night he really didn't run from it. many times his other democratic competitors referred to bernie sanders's suggestions as radical transformation as a revolution, what he is talking about in many cases wholesale transformation of the u.s. economy as we know it. mike bloomberg offered up a tepid apology for capitalism at times, really didn't move the needle, but you can't change the fact, connell, certainly over the last three years the economy has boomed. the stock market has boomed. for those at the ultratop and those in the middle an even lower class as well. the economy is doing strong. no democrat can spin it any other way. connell: good job correcting my name. otherwise nasty tweets. melissa: i was working on that. connell: all right. you think the market and investors are wrapping their collective arms around the fact that bernie sanders is very, very likely to be the, at least the nominee of the democratic
4:08 pm
party at this point or they're not there yet, the investment community? >> i will say this. it is february right now. bernie sanders is obviously leading in the polls. he opened up that lead but it is february. there is plenty of time for the bern man to trip over his own feet or make a gaffe, something to pop out. you still got mike bloomberg who, wall street still seems to be behind despite that very tough wall street regulation bill he put out a couple days ago. connell: right. >> you have got mayor pete buttigieg. he is much more of a moderate and joe biden who could potentially come to grab the nomination. there is a lot of, folks are not ready to crown bernie yet and you have to remember, house and senate would have to sign off on any big big-ticket items he wano do, "medicare for all," free college tuition, these items the bern man is proposing would need congressional support and no chance. connell: the bern man. >> i told you i didn't want the
4:09 pm
smoke. i told you i didn't want the smoke. melissa: one top analyst warns that even spaceships puts return to earth. jonathan, what am i missing here. this is about space tourism. i'm pretty sure we can't do that right now. they're also talking about about cars that can cross the u.s., hypersonic opportunity but in an hour? it is trading at eight times 2030 sales? what is going on? >> this is speculative bubble, melissa. we've seen this before, whether pot stocks a few years ago or bitcoin, taking back the nanotech bubble 5 years ago or even tesla. this is thinly traded stock with very few ideas, no even discernible revenue. this company had to become public through reverse merger type of apparatus. this is emblematic scenario we get in the very frothy markets with speculative play things, forget price to earnings, there are no earnings. melissa: there are no earnings. deion, is the sky falling with
4:10 pm
this one? >> not right now maybe but time to go to the sky. if you bought in early doesn't matter about the fundamentals. >> goodness. >> people talk about the fundamentals. look at tesla. if you were worried about the fundamentals of tesla $250s tried to short the stock, you're hurting right now. buy all the dips. it has been on a nine-day run. buy the dip. buy. you have to learn from the stock run. buy. don't ask questions. connell: be careful. we have all of this on tape we used to say. get to push the amazon story and another area, pushing back on the expansion of amazon. the company wants to build on a large property in a village in illinois and the mayor of that village is answering with a resounding no. wants no part of amazon. grady trimble has been reporting on this just outside of chicago in bowling brook, illinois. joins us there from with the details. grady. >> cities and towns chomping at
4:11 pm
the bit for this type of proposal. a fulfillment center on this property, bringing 1500 jobs paying $15 an hour. the mayor here he says, no thanks to amazon. first of all he says that $15 an hour isn't enough even though am on pays more in its minimum wage than the federal minimum wage and any state's minimum wage including illinois. he says the building itself, fulfillment center would be ugly and twice as tall as the tallest building that is in bolling brook illinois right now. he worries that the village would not be able to hand dealt traffic. the mayor in this chicago suburb he is pro-business and a republican but he says this business is not right for his community. >> the jobs, 1500 jobs that pay $15 an hour, that is not even a living wage. i said it is kind of ironic richest man in the world pays on worst salaries. i'm not taking on amazon. amazon is taking on us.
4:12 pm
we made it abundantly clear in at least two meetings and a phone call this is not a good fit in bollingbrook. might be a good fit somewhere else but not here. reporter: we reached out to amazon but have not heard back. connell. connell: interesting story. jonathan and deion listening in with us. a whole different than what we saw in long island city but what do you make of this in the chicago area? >> this is starting to steamroll. there is starting to come against amazon. they got rebuked with the coalition in long island, new york. they came to new york and brought as many jobs, less jobs but a bigger footprint, brought up more real es stay and got no tax incentives. amazon is trying to levy for tax incentives and tax-exempt status and haven't got it. >> this is not about tax incentives. this is discrimination, bolling brook, discrimination, i don't know wants to invest in the
4:13 pm
community and create thousands of jobs. chicago played the game with walmart over a decade. connell: not good enough for him. >> not the mayor's choice to make. wrong to keep amazon out just as wrong to keep chik-fil-a out. if amazon wants to make investments and communities in suburban chicago which have seen the property values plummet will rue this mayor making this choice. connell: jonathan, thank you. dion, good to see you as well. appreciate it. melissa: rocky debut. michael bloomberg feeling it of a bruising debate. can the mayor bounce back? connell: how nissan is flipping the switch to give drivers more options on the road. melissa: free college tuition. one university's controversial move to tackle the high price of education. ♪ all around the wind blows ♪ we would only hold on to let go ♪
4:14 pm
♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ all we needed somebody to lean on ♪ the new xc90 plug-in hybrid electric. xc90. recharged. you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. we're building the most powerful 5g experience for america. it's more than 10x faster than some other 5g networks. and it's rolling out in cities across the country so people can experience speeds that ultra wideband can deliver. 1.7 gigs here in houston. 1.8 gigs here in frigid omaha. almost 2 gigs here in los angeles. that's outrageous! it's like an eight-lane highway compared to a two-lane dirt road. ♪
4:15 pm
4:16 pm
tto examine investmentgo opportunities firsthand, like innovations in agricultural research. because your investments deserve the full story. t. rowe price invest with confidence. the end might not be as happy as ayou think.end. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your
4:17 pm
arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. connell: "fox business alert." the trump campaign announcing it has raised $60.5 million for the month of january, ending the month with more than 200 million in cash on hand. ronna mcdaniel, who is the chair of the republican national committee saying quote, the record-breaking support for this president and his policies continue to grow as we head full force into this presidential election year. melissa: money can't help a rocky debate performance.
4:18 pm
the democrats taking to the stage as michael bloomberg made his debut. really didn't go that well. i don't know if you saw it but i'm sure peter doocy did. he is in las vegas with the details. peter? reporter: melissa, michael bloomberg is not on the ballot in nevada, so he got out of town to super tuesday utah where he is trying to laugh off what happened last night. >> i was here in salt lake last month. we had a great event but the energy is even better today. [cheering] and just like last night at the debate, except the other people on the stage are actually happy to see me now -- reporter: warren was the first to take a whack at bloomberg unearthing old unflattering things he said about women and her campaign says they had their best fund-raising hour of the cycle while she was doing it. the bernie sanders campaign said they had their best fund-raising day of the entire cycle from the start of the debate until now.
4:19 pm
now sanders has warren's attention as she calls for him to release more medical records. >> i think that was pretty clear. people made it clear that he has made a promise to release all of his medical record and i thought that was what he was going to do. reporter: we've also got new react hundred now to the leaked bloomberg campaign memo calling on certain contenders to drop out so bloomberg can concentrate on sanders. those named as needing to go? biden, klobuchar, and buttigieg. >> well, if he thinks there has to be one alternative to bernie sanders i suppose we could find common ground on that. maybe he should step aside for the person who has the most delegates right now. reporter: just a few minutes ago here in vegas joe biden says he doesn't think the new york mayor is in the right political party. melissa. melissa: wow. all right. peter doocy, thank you. connell: certainly gives us a lot to talk about. bob cusack joins us from "the hill" where he is
4:20 pm
editor-in-chief. just adding to peter's reporting from vegas, elizabeth warren tweeted a few minutes ago she raised five million dollars since she stepped on the debate stage last night. you have this race, bob, everybody said, well, can we have a head-to-head between bernie sanders and one other candidate. warren was, looked like she was in trouble, she may be but she obviously has got some money. biden is hanging around at least through south carolina. we know buttigieg has got money. klobuchar is raising it. bloomberg, whatever his performance last night has spent 400 million plus for his own money. how would you characterize the state of this race? >> i think it is all over the place and it's unpredictable and no one as you mentioned, none of the contenders will get out anytime soon. maybe biden with a disappointing super tuesday. as you mentioned, klobuchar, warren, sanders, buttigieg they have money. they will be sticking around.
4:21 pm
bloomberg does as well. that was a dreadful debate performance. it certainly upset a lot of moderates who were doubting joe biden and they have now be doubting mike bloomberg. he was not ready for these attacks and he should have been. connell: right, you would think and he -- especially in the first hour. it went really hard after him. so then, now what? the race moves into south carolina. let's just say biden wins, which he might, then he hangs around. the guy on the screen, bernie sanders looks like a likely nominee at this point, certainly a clear front-runner, right? >> he is definitely the front-runner, no doubt about it. while the moderates say they want to push each other out at the same time there are some in the party who are thinking if everyone ticks around, this is the establishment democrats, maybe we can prevent sanders from getting the necessary delegates to win and we have a brokered convention. that's chaos too but according to some in the party, certainly the d.c. dems that would be
4:22 pm
better than bernie sanders winning the nomination out right. connell: there were two things as you said, tough night for mike bloomberg. good night not only for bernie sanders but good night for donald trump. there is a new poll out from quinnepiac. they looked at the big three swing states everybody talks about, michigan, pennsylvania, wisconsin. even though the democrats still look pretty good two out of three, michigan and pennsylvania, wisconsin, this is on the screen from quinnipiac, president trump is up at least seven points head-to-head against all the democrats in wisconsin. that is on number. >> yeah. it is a state that seems to be, some democrats are thinking yes we can win michigan, win pennsylvania back but they're not as bullish as wisconsin. colorado has moved, tilted more democratic over the years. florida, more red and wisconsin certainly looks to be going more red as trump won that in 2016 as
4:23 pm
well. so, this is a concern for democrats. the economy is doing well and that's why democrats are so nervous right now because president trump, the polls show, with the economy, he is a very good campaigner, he will be tough to beat in november. connell: bob, good to see you as always. thanks for coming on. bob cusack. melissa: sounding the alarm, teeth straightening company smile direct club is finding itself in hot water. plus if you're going on a cruise this spring you might check where it has been. the ship contaminated by the coronavirus is heading back out to sea. are you kidding? connell: really? melissa: ow oh. exactly. ♪(rocky theme music) fifty-six straight, come on! that's it, left trade right trade. come on another trade, i want to see it! more! ♪
4:24 pm
80s-style training montage? yeah. happens all the time. ♪ there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room.
4:25 pm
4:26 pm
so to breathe better i started once-daily anoro. ♪go your own way copd tries to say go this way i say i'll go my own way with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. do not use anoro if you have asthma. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you a heart condition, high blood pressure, glaucoma, prostate, bladder or urinary problems.
4:27 pm
these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. the most common side effects are sore throat, diarrhea and pain in the arms and legs. ask your doctor about once-daily anoro to start treating your copd. ♪go your own way save at anoro.com ♪. melissa: calling the allegations baseless and entirely without merit, smile direct club is firing back against a series of accusations against the top dentist that could lead him to risk losing his california
4:28 pm
license. kristina partsinevelos is in the newsroom with details. reporter: smile direct club shares continue to drill down today over 2%. the california dental board is investigating its chief clinical officer and dentist, jeffrey sulet september r. defrauding state law, state regulators and acting with gross negligence. smile direct club sells clear plastic aligners for teeth trait straightening. the dentist determines if you qualify for the aligners or go into a shop and take photos. the kit costs less than 2,000 bucks. california accusing the smile direct club dentist of lying. he opened the shops in his state under his own name. california says the shops are opened in the company's name which is not licensed to practice dentistry. the state argues that top dentist assumes liability when really the patient does when it signs the waiver forms. the company as you said responded, quote, the baseless claims in the accusations are
4:29 pm
entirely without merit and were filed in direct retaliation smile direct club's efforts to address the board's prior wrongful conduct in failing to stop its investigator from threatening and intimidating customers and employees at smile shops in california. so in other words, smile direct thinks the board is retaliating after smile direct filed a lawsuit last year over harrassment. new jersey dentist said there are some safety concerns since no dentist interacts directly with smile direct club patients and one can easily miss those warning signs if you're showing a digital photo of your face. over 50 complaint filed with the fda, lost teeth, jaw pain and dozens more according to the better business bureau regarding nerve damage and broken teeth. this investigation could pose a threat to the company as california is roughly home to 10% of the store locations. melissa. melissa: wow. >> big story. connell: it is.
4:30 pm
major 2020 flashpoint. senator bernie sanders coming under fire for his lack ever transparency over a central campaign promise. we'll break down the implications ahead of a saturday caucus in nevada, a big one. that's coming your way next. melissa: helping to move past a series of scandals that rocked the university. one school is taking a major step forward on free tuition. all the details on that coming up. connell: then, would you pay $13 for a box of cereal? melissa: no, no i wouldn't. would you? connell: is that, want to know the story? general mills is hoping that you will because they say that they have plans to boost sales by offering a new cereal blend. like dried cherries, cranberries, pumpkin seeds, almonds. melissa: you buy it. i will try it. how about that? connell: health-conscious. i'm trying my best. the average cereal box is four bucks. 13 is a lot. melissa: that's a lot. connell: yeah.
4:31 pm
alexa, tell me about neptune's sorrow. it's a masterstroke of heartache 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. lease the 2020 nx 300 for $359 a month for 36 months. their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised
4:32 pm
to learn that one. a medicare supplement plan helps pay for some of what medicare doesn't. that could help cut down on those out-of-your-pocket medical costs. call unitedhealthcare insurance company today... to request this free, and very helpful, decision guide. and learn about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. there are no networks or referrals to worry about. do you accept medicare patients? i sure do! see? you're able to stick with him. like to travel? this kind of plan goes with you anywhere you travel in the country. so go ahead, spend winter somewhere warm. if you're turning 65 soon or over 65 and planning to retire,
4:33 pm
find out more about the plans that live up to their name. thumbs up to that! remember, the time to prepare is before you go on medicare! don't wait. get started today. call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free.
4:34 pm
♪. melissa: lack much transparency on that "medicare for all" thing. pete buttigieg slamming bernie sanders on one of his key campaign platforms. take a listen. >> i'm actually less concerned about the lack of transparency on sanders personal health than i am about the lack of transparency how to pay for his health care plan. even after raising taxes on everybody making $29,000, there is still a multitrillion dollar hole. as a matter of fact, if you add up his policies all together they come to $50 trillion.
4:35 pm
he lenly explained $25 trillion worth of revenue. melissa: there you go. here is hadley heath manning independent women forum policy director. i don't think any of those people like to do math. i don't think the audience is doing math in their head how it wasn't going to add up. what scares me, hadley, they say bernie sanders can't win. i think he is the one most likely to give trump a challenge. andrew gillem almost became governor of florida. what are your thoughts? >> the best defense is a good offense. i think the sanders campaign probably has more enthusiasm among his supporters for variety of reasons but i have to give pete buttigieg calling attention to the flaws in bernie sanders "medicare for all" proposal. i give mayor pete credit transissing from politics back to public policy topics. while its an important question, how would we pay for "medicare for all," it is a very
4:36 pm
expensive proposal, no one is talking about on the right or the left what the cost of "medicare for all" would be beyond the price tag, how it would affect the quality of health care in the united states? how it would affect innovation and so forth. that is the discussion we ought to be having besides myopic focus on the price tag which of course -- melissa: is still important. hardly the biggest issue, there are so many. bernie sanders pushing to ban fracking. he was asked by a moderator what he would tell to workers who would lose their jobs in the industry? sanders basically told them too bad, listen to this. >> what i tell these workers that the scientists are telling us that if we don't act incredibly boldly within the next six, seven years, there will be irreparable damage done, not just to nevada, not just to vermont or massachusetts but to the entire world. we're fighting for the future of this planet. melissa: so you don't get to
4:37 pm
have your job, not to mention fracking has made us energy independent, you know from places like the middle east, russia, iran. i mean all of this tour mill that we're seeing in the middle east we have, a better position to resist what's going on. what are your thoughts on this? >> well, you're right, it is important geopolitically, the natural gas fracking boom but it is also important for the environment. if you're someone who cares about saving the planet, saving the environment, important to acknowledge natural gas is the cleanest fossil fuel, the cleanest burning hydrocarbon. one of the reason the united states had greatest absolute reduction in carbon emissions in the world in 2019 was because of hydraulic fracturing. this is wrong direction to attack fracking, natural gas. people on both sides of the aisle care about the environment. but banning fracking is the absolute wrong direction to go. melissa: bloomberg releasing details of his tax plan. the former mayor is proposing to reverse president trump's tax cuts, while also taxing corporations more.
4:38 pm
hadley, that would be fantastic for jobs in and the economy, wouldn't it? >> yeah. you know, democrats across the board seem to frame the tax and budget questions as really class warfare questions. how can they soak the rich and provide more benefits to people in the middle and lower classes. the question people ought to focus on who is a better steward of resources? is it individual families and companies in the private sector or is it the government? melissa: no, it is really true and one of my favorite moments afterwards where elizabeth warren said michael bloomberg should get out of the race, should leave his money in, to continue to spend them all or one of them beat president trump. he sort of got a free ride until that performance last night, mainly because, i don't know, i think the other candidates were already in their minds spending his dollars on their campaign, last night, wow, what was your take? >> a lot of jockeying for various positions. people look like they're running for vice president.
4:39 pm
say it is curtains for bloomberg after last night? that is yet to be seen but certainly his presence in the campaign if it is not the end goal of winning the nomination, he can affect the outcome of this race simply where he directs his dollars, who is going to get the blunt end of his criticisms and who can he take down with him, basically. melissa: i don't know. i always wondered if this was an end-run around rules on campaign finance to run for president. hadley, thank you. >> thank you. connell: move on to a landmark trial because of who was involved. roger stone sentenced to more than three years in prison today for lying to congress. also for witness tampering. to edward lawrence live outside of the courthouse in d.c. with the latest on this. edward? reporter: connell, right now roger stone is free on bail. he will not begin serving his three years, four months in prison until two weeks after the retile motion has been settled. his attorneys are saying he deserves a retrial because of issues with the jury foreman. in the sentencing today that lasted more than 2 1/2 hours the
4:40 pm
judge severely admonished stone, raising her voice at some points. she said the prosecution happened because stone inserted himself into the middle of insend did i airy issues of the day. she called him a liar several times and disrespect for the rule of law. she said the judge's original recommendation was too harsh but probation too lenient. 40 months for seven counts and 20,000-dollar fine. minutes after the sentencing representative adam schiff said stone lied to congress to. pardoning stone would be a breathtaking act of corruption. to that the president said in the last hour. >> roger is not somebody who worked on my campaign. i know roger but a lot of people know roger. everybody sort of knows roger and what happened to him is unbelieverrable. they say he lied. but other people lied too.
4:41 pm
just to mention comey lied. [laughter]. mccabe lied. lisa page lied. her lover, strzok, peter strzok lied. reporter: and the president saying that he will not pardon or commute the sentence of stone yet. he wants to see the process play out first. connell. connell: all right. edward, thank thank you, edward lawrence in washington. melissa: set to sail again one of the ships quarantined with coronavirus is set back to sea. are you kidding me? second national director of intelligence in less than a year. ♪. give me your hand!
4:42 pm
i can save you... lots of money with liberty mutual! we customize your car insurance so you only pay for what you need! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
4:43 pm
wheneveryone is different.a, which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome.
4:44 pm
that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassag. everything is installed in as little as a day by a kohler-certified installe. america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. some people say that's ridiculous.
4:45 pm
i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. connell: "fox business alert" from the world of football. the nfl owners accepted terms of the new collective bargaining agreement. as expected several changes were made in the thank you proposal, a switch to a longer season, 17 games in the regular season instead of 16. they will add two more teams to the playoff format. there is a lot of rumors about this. it will be happening. the players association will address the move, will be happening if they vote on it and
4:46 pm
then head to the players for a vote. from the league's point of view, more playoffs, more money. we'll see how it place out. melissa: defying skepticism, president trump naming ambassador germany, ric grenell as the new acting director of intelligence, replacing joseph maguire. he is the second acting head after dan coates resigned last summer. we have former doj public affairs deputy director, ian thanks for joining us. >> thank you. melissa: richard grenell is getting a lot of heat in the past 24 hours or so after this has been announced saying he has no experience to do this. that this is outrageous. what is your take on that? does he have the necessary experience? >> i absolutely think he does. there is a few points on his experience. i work with a group called 5g action now and what i can tell you one of the biggest national security threats we face comes from china and chinese telecom companies like huawei. richard grin nell -- grenell has
4:47 pm
been the point period for the trump administration, pressuring european allies pressuring them not to allow huawei to fill out their 5g infrastructure that would allow them to transfer information back to the chinese government. he is good enough for the national security task for the trump administration i think he has the requisite national security experience. secondly, if you think about five of the past seven presidents they have not come from the federal government. they have come from governors offices or come from business like president trump. they didn't have national security experience yet here they were in charge of protecting our national security. melissa: but they're supposed to be advised by people who are, you know, are actual national security experts. let me ask you, i, with ric grenell, another one of the criticisms is that he continues to put interim people in there for a long party. even though -- period of time. even though that is the not the
4:48 pm
case, that a permanent person will be announced soon, is that a way the president is getting around getting senate confirmmation saying people are interim when really they're not? >> not really, because in this case, the way the vacancy format works there is only certain amount of time grenell can be a dreyerry or interim appointment before they have to nominate a senate dni. he can only go through march 11th or march 15th before they actually have to nominate somebody. he can continue in the role after the nomination but they have to put is somebody before the senate in order for grenell to continue in the role. i don't think it is a way for the administration to get around traditional advice and consent and confirm. melissa: ian thanks for straightening that out. >> thank you. connell: switching subjects to the cruise story. princess cruise isng docked and quarantined in japan because of the coronavirus. the diamond princess cruise ship
4:49 pm
is expected to be back in business and fully operational by april 29th after a thorough cleaning we're told. melissa: wow. connell: too soon? who will buy tickets for all of this? unless steve forbes and david asman are back as at the used to be in the "forbes on fox" days making appearance on the cruise ship i'm not going. >> we used to do that. i had a great time doing that with steve. it has to be mentioned this is the cruise ship on which two passengers died. connell: crazy. sounds crazy. >> there is lot of i'll feels, i don't believe in ghosts necessarily, this is kind of spooky to be on a ship where people just died. however people look into the financing of these things and whether ships can come back from disasters like this. they say that absolutely they can. there have been ships that have been hounded by problems with sewage, et cetera, awful things. they came back. people kept booking. so there is a very good audience for this. look, it is a business. we wish the business recovers as
4:50 pm
well as possible, not something i would get on right away. connell: i'm not a cruise guy anyway. it is a certain type of customer. lee carter, what is coming up? "bulls & bears"? >> lee carter. we love to see her tick by tick analysis how the debates work out, particularly capitalism versus socialism. you can imagine democrats have very different version than republicans, those who are watching. we'll ask lee carter how it all charted out. that is coming up next. connell: see you guys in ten minutes, top of the hour. thank you, david. melissa: taking it into their own hands. the university of southern california dealing with high tuition in a different way. we have details on that next. plus jennifer lawrence got her start on a tv sitcom before becoming a hollywood star. now she is heading back to her roots? this time with a spin. connell: hmmm. ♪. so what are you working on?
4:51 pm
>>i'm searching for info on options trading, and look, it feels like i'm just wasting time. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now, you're binge learning. >>oh, i like that. thank you, i just came up with that. >>you're funny. learn fast with the td ameritrade education center. call 866-285-1934 or visit tdameritrade.com/learn. get started today, and for a limited time, get up to $800 when you open and fund an account.
4:52 pm
that's 866-285-1934, or tdameritrade.com/learn. ♪ do you recall, not long ago ♪ we uld walk ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ all we needed somebody to lean on ♪ the new xc90 plug-in hybrid electric. xc90. recharged.
4:53 pm
4:54 pm
4:55 pm
changing the dialogue following the college admission scam in socal, they've been trying to do that. now they would eliminate is to tuition for families of $80000 or less annual income. fox contributor, you never know what a scandal house to do with an announcement like this but usc does compete with epic california public university system out there. what you think of this move? >> i think they didn't have a choice, was a smart move on a lot of levels. the media income household is about $80000. it's not like this is a wildly high number for that state. i think the brand was becoming a school that not very many smart
4:56 pm
rich kids by the way into. they are trying to highlight this is a school where smart, not very rich kids can go for free it's a nice place. it's economic difficult for not super financially secure school like harvard or yelp to do this much generosity because the outlook can shift and you get a lot of applicants don't have a lot of money were very good and you can't but all of them go for free. i think it's a smart move. >> we hear about that with other schools. harvard, i think they have something similar for 150 grand but they have huge endowments. want to talk about hollywood with you. it's really more of a netflix story than anything else. another big name star on the biggest green for now, going directly to netflix, jennifer thornton is at the start of science fiction comedy for networks following the steps of all kinds of people, brad pitt,
4:57 pm
adam sandler and on and on. obviously it's a trend from all of the money flying around. >> personal, i think netflix, this is going to see michael beard discussion with a look back because it's made for streaming first but right now, is controlled by theaters. they need to have theaters get the awards and the awards get bigger sales on the streaming self they are in a tough situation. it's very costly, it's probably some bitter, they probably hate the most. netflix hasn't got an issue, the high cost of competing and also giving with this many monopoly going on with the theater. >> it sounds like it's a big fan. >> i like the medical.
4:58 pm
the russian spy. >> your the one. there we go. too much information. tmi. one more. this is car related. there's an announcement that you can have a different car every day of the week. the subscription service called nissan switch starts at $699 a month. the idea is you can have a different nissan every day. other car companies have it but now he's on. what you make of this? >> it's interesting they are doing this. i will say this is very expensive, you can lease it for like $289 a month. this is a lot more than that but you can rotate your cars in-and-out and they've got an interesting lineup, they have a dtr that's expensive, they can't on that car but paid $100 extra for that but the concept is very appealing, similar to apple with the high end phones and you pay a flat fee.
4:59 pm
they are done by every company but that's the way it's done in the future. it does include insurance and everything so it's not as expensive as it sounds what is pretty expensive. >> porsche does it and audis launching it or also has it for a year or two. they got rid of it and they are bringing back. does it make more sense high end? >> i think it does. it's a fairly high price and i wonder how this works, the cars get all them for three years. you will switch out for 3-year-old car that everyone is sharing and there's dirt and donuts, it kind of defeats the purpose. i don't know. it's interesting, i would like to watch it. it might be a flop at this price. >> we'll see you soon. thank you. >> i think it is the future of how cars are sold becau back of
5:00 pm
another person car and drive off, now we have this owning stuff. i do think it makes sense. >> you have a car to leave your stuff and but maybe not. >> not the young people. >> here's sports and bears right now. >> 2020 candidate sparring in las vegas with a tax on the wealthy, businesses and capitalism in general. where were the fact checkers? even so-called moderate joe biden made wild claims about his economic policies that were never quite there at all. plus we've got voter reaction on the capitalism versus socialism debate, a divide between 2020 democrats heating up. this is bulls and bears, thanks for during us. joining me today, gary smith and zachary. >> the idea we have a tax rate
5:01 pm
for corporate

94 Views

info Stream Only

Uploaded by TV Archive on