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tv   Cavuto Coast to Coast  FOX Business  December 5, 2022 12:00pm-1:00pm EST

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♪. stuart: okay. trivia question, where were legos invented. which country. i absolutely guaranty the country. you lauren. >> denmark. stuart: got to be. lego comes from abbreviated danish words that mean play well. lego, play well. time is up for me. look who is sitting in here for neil. that man, that is ashley webster . let me take a minute to thank you for all your hard work. ashley: welcome back home to the northern hemisphere. stuart: good to be back, my
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pleasure, stu. let's move on. i'm ashley webster for neil cavuto. elon musk promising more bombshell twitter documents after the release of internal communications oaf the hunter biden laptop story. we'll dig into musk moves as he continues to push twitter 2.0. house gop members promising to ramp up investigations when they take control, possibly starting with an alleged secret white house saudi oil deal that aimed to boost oil production just ahead of the elections. plus bad blood between ticketmaster and swifties. taylor swift fans launching a lawsuit against the company after the presale disaster for an upcoming tour. so what can this lawsuit mean for ticketmaster going forward? we'll get into it. we have a lot to get into today so let's get started. our top story today, let's get right to this, elon musk
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authorizing the release of emails reportedly showing how twitter buried the hunter biden lap tore story and he is tweeting more smoking guns are coming. i can't wait. hillary vaughn all over this story with the very latest. hillary? >> reporter: ashley, republicans are promising to investigate after elon musk released that stash of internal company documents detailing what led not only the hunter biden laptop story being censored and other accounts and tweets were deleted and banned at the request of political parties like the biden campaign in 2020. >> i think you're going to start seeing executives with not just twitter but also facebook come forward and admit they were influenced by people from the democrat national committee, people from the fbi, and even people from the biden administration. prior to elon musk twitter essentially served as a wholly owned subsidiary of the democrat
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national committee. >> reporter: independent reporter matt taibbi got the documents that it was requests from connected actors to delete tweets were routine. one second would write to another, more to review from the biden team. the reply would come back, handled the reporter noted both parties had access to the tools. in 2020 the white house put in some requests but says the system wasn't balanced because it was based on contacts. democrats had more ways to complain than the gop. elon musk says this is very clear election interference. >> twitter is doing one team's bidding before an election, shutting down dissenting voices on a election that is a very definition of election interference. twitter was acting like an arm of the democratic national committee t was absurd.
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>> reporter: in terms of the hunter biden laptop story internal company documents show even those people at twitter were not sure their hacked materials policy excuse was going to hold. taibbi tweeting this, they just free-lanced it how one former employee characterized the decision. hacking was the excuse. within a few hours everyone realized that was not going to hold but no one had the guts to reverse it. ashley, another reporter that was given these internal documents. we're expecting some more information to come out on this soon. ashley? ashley: fascinating stuff. hillary vaughn, thank you very much. meanwhile there is this story, apple reportedly speeding up its plans to move some production out of china. that would be a major step. fox business's susan li is here now with the details. susan? >> reporter: think of moving production or accelerating that decision to move production out of china, mostly to india and also vietnam as well. so, this is according to the
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journal reports. in order to accelerate this move instigating by the anti-lockdown protests in where the largest majority of. they lifted citywide protests. as a result of many reason of disruption and shutdowns, reports saying shine, apple could lose six million of high-end iphones over the important holiday shopping period. you have wait times out of five to six weeks which is the longest any iphone introduction in 15 years according to the latest analysis. apple warned and lowered the production guidance this quarter as a result and china's covid zero policies have been a rethink for apple and their executives not to concentrate too much of the production in one place in china. at one point they were assembling as much of 85% of
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their high eniphones in zheng-zhou according to high-end research. most are in the asia-pacific. you have those in taiwan, japan, korea suppliers as well. you have china being a great nexus not only geographically the ability to compile all these assemblers and suppliers all together with great and cheaper engineering expertise but the time has come for some hedging according to a lot of these reports and moving production possibly to india and vietnam. we did get foxconn sales this morning. they were only down about 11% in november despite weeks of shutdowns taking place. that was a sigh of relief and why apple was up 1 1/2%. i tried to get in touch with apple. no comment just yet but this is not the first time it has been reported but acceleration of the zero covid lockdowns last week is the headline here. ashley: yeah, absolutely. fascinating, susan, thank you
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very much. moving production out of china will take apple a very long time leading some toe question is it really worth it? let's ask capitalist pig hedge fund manager jonathan hoenig and constellation research ceo ray wang. ray, let me begin with you. hi, guys, thanks for joining us. ray, does this make sense for apple? the situation in china has been chaotic, covid restrictions, lockdowns, impacting how many phones apple can produce at a critical time of the year with the holiday season coming up? does this make sense, ray? >> in the long term it makes a lot of sense, right? apple is 18% market share in china. 25% of the global revenues come from china of the challenge, costs are going up, lockdowns have impeded stuff of course the political issues with china continue to pop up but it is not something you can flip a switch to change supply chains. as susan mentioned. there is a lot of suppliers in the region. they have to move things five to
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seven years out before they can move the supply chain to india, china, vietnam and thailand. ashley: jonathan. >> one of the strongest frontiers markets i've seen this year, is vietnam. there is a etf that benefits. time for investors to look outside of the normal supply chain if you will of stocks. interesting, ashley, chinese stocks are actually going up. they're among the best performers as of late, despite all the headline risk. so from investor perspective, i can't speak to apple, from an investor perspective time to jump on many emerging market plays. they're very much happening in the markets right now. ashley: before i get to the markets as a whole, jonathan, let me follow up with you what is going on at twitter. it is a daily soap opera for sure. how does this play out, do you think? >> it is. you thought the kardashians were fascinating. you never really seen this, ashley. a major company run day-to-day
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almost out in the open by very caries mat i can, often times a little bit unusual ceo. the positive thing for users here we're seeing the innovation we always talk about. twitter will likely not much look like it looks now, six to 12 months from now. think about amazon over the history. they need to innovate or die. as uncomfortable, erratic it is, this is real positive for the technology space in general, that elon investing his time, his money to make the service best for all. ashley: you make an interesting point, jonathan. i want to get to ray on this. people say he can't run spacex, twitter, and tesla. he can be musk, jack-of-all-trades, master of none. how much of a concern is that, ray. >> i'm actually not very concerns. he has great lieutenants number two in charge of spacex. number two in charge of tesla that can run for him. what he is doing amazingly he is
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driving traffic to twitter. twitter was kind of dying, there were not a lot of active users. he is driving the traffic as people hang on to every word happening. he is the new place for everything coming up. he will drive active users. advertisers will come back. the little pax apple thing that happened was pretty useful. ashley: let's get to the markets as a whole. we're seeing a threat, jonathan, continue to bring you in on this, that the fed will tighten the economy right into recession, that is what is weighing on the markets. what say you? >> the economy has been in recession several months, ashley. we like to think the fed is a "wizard of oz." the economy is a jet-ski you can turn on a dime. it isn't like that. the economy is hundreds of billions of interpersonal relationships, profit seeking relationships. those have been dramatically impacted. the fed created the problem and inflation, trying to sop it up that central planning ultimately
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works. this will be ultimately unsuccessful. inflation going down a little bit is not going anywhere anytime soon. stuart: ashley: we got through a lot of stuff. time, i could talk to you guys all day. unfortunately they won't let me but ray and jeong -- jonathan, thank you for taking the time to chat on cavuto. oil prices are swinging as opec keeps output cuts. what does it all mean for the u.s. with so much uncertainty over the oil market? that's coming up. ♪.
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now what these experts believe, they worry is that this cheap oil will hit the market for everywhere else but leave shortages in the u.s. and european union. the u.s. is restricting the oil industry here asking opec plus to produce more oil, making a deal with venezuela to eventually put more oil on the market. >> now we're subservient to saudi arabia, to russia and other countries including venezuela. it is one of the dumbest policy decisions i've seen a president make in 35 years i've been doing this. not only is it bad geopolitically in the terms of the safety of the world but doing substantial damage to the american economy. >> reporter: gas prices on other countries, president heavily restricted and regulated the industry in the u.s. he used the strategic petroleum reserve as a tool to lower gas prices. a gallon of regular gas is still a dollar higher than when
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president biden took office. the american petroleum institute head of policy this could be a opportunity to wrest control away from russia and opec plus. >> energy is a strategic asset. the resources we have here in the u.s. could really provide an an enormous amount of benefits for american consumers and policy interests. it requires leadership out of the administration, it requires a new policy course. >> reporter: not even a whisper of changing energy policy here in the u.s. complete opposite from the roar heard on friday when england plays france. ashley, back to you. ashley: very well-said, edward, thank you very much. joining me now for reaction is former advisor to energy secretary dan brouliette, victoria coates. thanks for joining us. okay, sew now we have the russian cap in place, $60 per barrel. does this really do any serious
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damage to the russian economy? they're already selling plenty of oil, thank you very much, to china and india, right? >> well, thanks for having me on. i think you're absolutely right. this is at best a sort of a fig leaf over the failure of the united states to really enact the difficult and harsh sanctions that would stop putin and really potentially bring an end to this war. so i think this is just another kinard to make them look like they're doing something. ashley: it is ridiculous. then of course we have the administration saying to chevron, okay, yep, you can go operate some permits in venezuela. what are your thoughts on that? >> again, i mean, it's mind-boggling that we would want to encourage production in venezuela which is also happens to be some of the dirtiest crude on the planet, harvested in an irresponsible way and very, very
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dirty to refine. and on top of that, we have these rumors recently that there was some kind of a secret deal that the administration tried to strike with the saudis. ashley: yeah. >> earlier this fall to increase production. i mean the saudis have been our allies for 80 years. why does this have to be some getter tiff backdoor thing? why don't we coordinate with them on energy policy the way we did with the trump administration? ashley: the coordination was during the election to bring the price of oil down to win votes. the bottom line which have oil right here and the administration continues to say look, the oil companies have the permits. it is hair choice not to actually go ahead to act on them, the oil industry said, wait a minute, we have so many regulations and coasts that it makes it almost not worthwhile. there is no guarranty the permits will produce oil. so i think the administration is
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playing definitely lose with the facts, would you agree? >> i actually called it a shell game pause because in some cases they grant the lease but won't give the necessary permits and leases expire. the other major issue is the infrastructure issue because, you have cancellation of keystone is what most people talk about but it is wide range of pipeline projects, of export facility projects, of rail transportation, all of which the biden administration has issued very specific stifling regulations to bring down. so even if you can pump the product getting it to the refineries, having refinery capacity and then getting it to market is virtually impossible. that is something they could change with the stroke of a pen tomorrow and they're simply not doing it. ashley: let's not forget, victoria, quickly, we were energy independent not that long ago, right? >> we're one of the world's big
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three producers along with russia and saudi arabia. i would just go back to the point that the saudis shouldn't be working with the russians on these issues. they should be working with us. ashley: right. >> we need to grow into as you put it our big boy pants realizing we're not energy vulnerable, we're not dependent, we're into the a consumer, we're a producer. ashley: exactly right. i have to leave it there, victoria coates. thanks for spending time with us. appreciate it. >> thank you. ashley: thank you. all right, let's turn to politics, what happens in georgia tomorrow will be key to what gets through, what actually gets through the senate over the next two years. we're going live to the peach state after this. ♪.
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♪. ashley: all eyes on georgia. less than 24 hours to go until georgia's senate runoff. democrat incumbent rafael warnock and herschel walker hitting the trail for one last day of campaigning. guess who is there, fox business chief national correspondent connell mcshane. >> reporter: home verb, both appear if they're using trying to get members of respective base who didn't vote early in georgia to vote in person tomorrow. we're on the campus of georgia tech. we're waiting for a rafael warnock event. some students attending that event will file in here. young people certainly had a big part of the base of support for warnock. he was actually at another college last night, delivering remarks at the university of georgia. location, also matters on a day like this. warnock spending entire day in
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the city of atlanta, certainly friendly not only to him but to democrats in general. speaking of friendly locations we caught up with herschel walker a little bit today, in the northern part of the state, area friendly to republicans. had a meet-and-greet at local restaurant. never stopped to take reporters. he briefly told me on the way he feels pretty good. when i asked him what the key to victory might be, get out to vote, vote, vote. that brings us to the numbers. we know warnock topped walker by about 37,000 votes last month. never got to 50% though. 81,000 voted for libertarian candidate not involved in the runoff. we know that more than 1.8 million people voted early in this runoff and that part wrapped up on friday. a teacher dive into those numbers reveals another interesting stat. 76,000 of those early votes did not vote in the general election. so they're knew to this. how that vote splits might be an
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important factor in how things turn out tomorrow. so as it stands right now, warnock is on his way. fellow senator from georgia, jon ossoff will be here at georgia tech with him as well. i heard you ashley, before the break. why does it matter if democrats already clinched control in the senate? democrats would love to get to the 51, get to the 51-49, more democrats than republicans on senate committees. that is one of the reasons people are watching the race really close. ashley? ashley: there is plenty at stake, connell, thank you very much. joining me now is "wall street journal" congressional correspondent natalie andrews. natalie, we heard a little bit from connell there. in your frame of mind, just how important is the race for the gop, even though as it stands we know that the democrats will control the senate? >> well, if republicans can maintain a 50-50 senate that does mean that they will have equal numbers on committees. it gives mitch mcconnell a
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little more wiggle room, a little more leverage when he is negotiating spending bills, he will do it with a republican house. if republicans can bolster that they will look at better negotiating situation with joe biden next year. ashley: what are your sources telling you? it appears i only say this because the way it seems to be edging but warnock seems to have a slight edge. he did the first time around. he appears to be this time. there has been a suggestion that some gop leaders have somewhat distanced themselves a little bit from herschel walker. governor kemp in georgia not campaigning with him this past weekend. what are your thoughts on that? >> herschel walker certainly had a series of bad headlines leading right up until the first election day and it has made some republicans a little uneasy though most of them, rick scott, in florida, they have maintained their support. he is is campaigning with
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lindsey graham. he has been campaigning with some key republicans who do have a lot of support. i think it will be key to see, we saw that a lot of georgia voters, some georgia voters voted for democrat warnock and kemp gubernatorial and it will be interesting to see if those voters turn and vote for walker in the end. ashley: it is interesting, isn't it. looking ahead to 2024 incoming house democrat leader hakim jefferies saying he will support president biden for re-election, because of his quote, extraordinary record. listen to this i will get your comments. >> the thing about president biden's track record of success it includes not limited to the american rescue plan, saved the economy, shots in arms, money in pockets, putting kids back in school. i know he will have a vision for the future. i look forward to strongly supporting president biden's re-election. ashley: natalie, i wonder if this is the beginning of broader
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support from some. [no audio]
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ashley: all right. welcome back, everyone, i'm back with "wall street journal" congressional correspondent natalie andrews. sorry, i needed to put more coins in the meter apparently. now we're back, whether, we're going to see more you know, democrats come out now in support of joe biden with a look to 2024, because there is lot of questions whether he should be running for a second term. what are your thoughts on that? >> democrats like hakim jeffries, these are folks in leadership and they're coming off what they feel was a better than expected midterm and they are feeling like they have a fairly productive congress. one of the most productive congresses in recent history.
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they're hoping they translate that to voters. we have seen joe biden's approval rating is not great in a lot of national polls. so they're going to have to have some work to connect the, their victories or what they see as victories to his poll ranking to make him popular in a general but i also think democrats want to feel unified because they're looking what may be a republican presidential primary. they feel like if they can have a unified candidate that may give them some strength in a general election. ashley: but in the sound bite that we had from hakeem jeffries he talks about joe biden extraordinary record. how many people are going to buy that? seems like a stretch to me? >> they have had a productive congress, joe biden approval rating in national polls are not fantastic. they are lower than donald trump's were in previous cycles. you will have to make some work to build up joe biden.
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but we've only seen a real handful of elected democrats be willing to publicly criticized on the record. and be willing to say they need new leadership. democrats going through a big transitional change in the house. hakeem jeffries will be a much younger leader, much newer space. i don't know if we'll see that. you're definitely going to see democrats for now standing by their man. ashley: very good. thank you, for hanging in there, natalie andrews, thank you so much for being very game about the whole thing today. thank you very much. i want to move on to this story now, disgraced ftx founder sam bankman-fried telling "the wall street journal" he cannot account for billions of dollars sent to the trading firm alameda research. that is an answer that will not make anyone happy, is it? fox business's kelly o'grady live in los angeles with the latest on this saga, kelly.
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>> reporter: ashley, that will investigators will dig, the relationship between ftx and alameda research. did sbf know that ftx was lending customer funds without permission to alameda? they say he was not involved despite owning 90% of the company. he continued the defense in an interview with the "wall street journal" he has no idea where all the billions went. he can only guess. >> i mean, they were telling me, that i wasn't running alameda but, i can, i can now go back and take a guess at what, you know, where they were ultimately spent, or used or something but, dollars are fungible with each other. what you get is more just omnibus pots of assets in various forms. >> reporter: that phrase is key, right, a pot of assets. that is the issue. dug into the relationship between the two firms, going back to the beginning, money was actually wired through alameda before ftx had bank accounts.
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the excuse sbf uses how poor accounting caused customer funds to be comingle and it could still be happening. "the financial times" reported actually last year alameda stepped in to save ftx up billion dollar loss on a bad customer trade. we independently confirmed this and gained access to records two firms propped each other from funding perspective far normal from the normal limit. he tweeted this, once i finish learning, reviewing what happened i would feel like it was my duty to appear before the committee and explain. i'm not sure that will happen by the 13th. when it does i will testify. ashley he keeps saying i didn't know what was going on in alameda, lending out ntx customer money out con incident that would be ftx decision. that is where the fraud would lie. i curious what he thinks about the that nuance, ashley. ashley: boy, it is a soap opera.
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thank you for sticking with it every step of the way. we appreciate it. house financial services chair, maxine waters praising sam bankman-fried on twitter. she tweeted this, sbf, we appreciate the you've been candid in your discussions about what happened at ftx. your willingness to talk to the public will help company's customers, investors, others to that end. we would welcome your participation in our hearing on the 13th. let's bring in, kelly jane torrence, "new york post" op-ed editor. what is maxine waters saying? do you think sbf has been very candid and truthful? what do you make of it? >> certainly not, ashley, kelly, your reporter made that point very well. you know, keep in mind at the very beginning of this he said that, may be a billion dollars had been waylaid and that number keeps going up. 8 billion more.
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we don't even know how much of customers money he actually lost. he certainly isn't being forthcoming. you know what maxine waters really appreciates? she appreciates the $40 million that sbf donated to democratic causes over this election cycle. i think that is what the democrats truly appreciate. it is mind boggling this is the head of a committee playing politics. you know, ininvestors losing sometimes, some of these people might be their life savings. ashley: yeah. it's, i mean it just speaks to a young whiz kid who seems to, you know, pull the wool over some peoples ice. are we ever going to get this money back? what will be the outcome of all of this? >> you know, i think the outcome is he is going to go to jail what appears to happen actually did happen. reporters like yours are certainly bringing more and more
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evidence every day. but will the media ever admit their role in this? it is really quite incredible. not only do you have democrats like maxine waters touting this whiz kid clearly not a whiz kid, places like "the new york times." they had him speak at deal book summit which also featured people like mayor eric adams here in new york and ukraine president volodymyr zelenskyy. they're putting him on a level with other people. they gave him a very softball interview. so i expect that democrats in congress will also throw him a lot of softballs but of course we'll have the republicans being able to ask him some tough questions as well. ashley: you would hope. want to move on to this one. elon musk is criticizing the mainstream media for what he says downplaying the release, his release of the twitter files. musk accusing "the new york times" and "washington post" of setting agendas. do you think he is right? >> well i have to say i'm biased ashley.
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i work at the "new york post" but i do think he is right. the post, we broke that hunter biden laptop story in october 2020 and the twitter files show that there was an active move to suppress and cover up that story. you know, turns out that it is even worse than we thought. we already had people like former twitter ceo jack dorsey admitting it was a mistake. know we're seeing the fbi was involved and the very little i have seen in you know, other media about this is really is trying to downplay it or even claim that what the filings show, they don't show that it is mind-boggling. but of course these files make them look bad as well because they knew that the story was true and they also, you know, made sure not to report it. now of course they waited until after joe biden was elected to start running stories, as "the times" and "the washington post" did, saying the actually the laptop is authentic.
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last month cbc, cbs news reported the laptop was authentic but didn't mention the "new york post"'s name the fact we had it out two years ago. it is just incredible. ashley: very quickly, kelly jane, musk is promising more smoking guns. at some point will these media outlets like "the times" and the post be forced to acknowledge them? >> i think when more and more comes out they are going to have to. keep in mind, a lot of "new york times" readers are on twitter. they must be seeing, wondering, let's get some context but "new york times" doesn't want anybody to know about it. ashley: i think it is embarrassing for these outlets, it is so clear what their agenda is and their bias, the fact they're ignoring it. where is the outrage? i realize the majority of the media is left-leaning anyway, right? >> it is, ashley. many studies have been done on
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the party registration and donations of journalists, it is overwhelmingly to democrats but i think the best donation that the media give democrats is this sort of help, covering up or suppressing not getting out stories about bad behavior from democrats. it seems clear that hunter biden used his father to profit and the newspapers and other tv outlets don't want you to know that. i agree. it is embarrassing, ashley. ashley: it is embarrassing. we'll have to leave it there. kelly jane torrence. thank you so much, really interesting discussion. thank you very much. okay. we'll move on. i will make this statement, not lightly, don't mess with the swifties, we know that taylor swift fans are taking ticketmaster to court. how strong is their case? we'll get into it next. ♪.
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♪. ashley: ticketmaster turmoil is heating up. taylor swift fans are suing following the ticket sale debacle for her upcoming eras tour. don't mess with the swifties. fox news correspondent william la jeunesse joins us with more on the story. >> reporter: ashley, as you said on intro a vocal minority can move mountains politically. that is where it is headed as well as courtroom. ticketmaster cannot take it lightly. the lawsuit claims that the country violated antitrust laws knowingly selling tickets to scalpers and bots to make additional fees when tickets were resold. it misled preregistered fans thinking they had tickets when they didn't. it gave preferential treatment to capital one cardholders over preregistered fans. it released a number of tickets intentionally to jack prices in the sale and resale market. then pulled tickets from buyers,
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baskets before they could complete the sale. it was filed friday in california. the suit seeks $2500 for each violation, putting any settlement in the millions. this began to unravel back in november when ticketmaster had fans get in line electronically to preregister if you will for swift tickets. millions signed up but on sale day demand overwhelmed the company and scalpers were reselling tickets up to $22,000 while the preregistered fans got nothing. >> 41 times i was able to get tickets in my cart. 41 times i tried to buy tickets. and i was never able to. >> you would think that at a company or ceo makes $30 million a year they would have the technology and place to keep bots and scalpers out of this sale so that the real finance, the people that taylor swift intended to have tickets would
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actually have an opportunity to get a ticket. >> reporter: swift herself claims that ticketmaster assured her that it could handle the big demand. the company denies any wrongdoing and blamed a quote, staggering number of bot attacks for crashing their website. now the department of justice, several state ags and the u.s. senate plan to investigate ticketmaster for price fixing and a following its merger 10 years ago with its main competitor live nation. bottom line, ashley, because of this insatiable demand the market took over, however the lawsuit says that ticketmaster set up this pre-registration civil to level the playing field and then didn't play by their own rules. back to you. ashley: yeah. it didn't work. william, thank you very much. going to move on to this story now. netflix dropping a new trailer for the highly anticipated docuseries about meghan markle and prince harry, watch. >> it is really hard to look back on it now and go, what on
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earth happened? >> you hear that? that is the sound of hearts breaking all around the world. >> she is becoming a royal rock star. [shouting] >> and then -- >> everything changed. ashley: okay. so the trailer, also shows that image apparently meant to show the couple being hounded by the paparazzi but that image is really a stock shot of photographers taken at the "harry potter" premier in 2011. not harry and meghan. let's get the read on all of this from royal commentator hillary fordich. hillary, i guess i'm trying to, i don't know where to begin with this but this is harry and meghan's big dock docuseries. the palace is bracing itself. could this be the end of harry
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and meghan and the palace? >> a lot of people don't know what to make of it. it is ghastly. there is that expression give them enough rope. i would say this one thing this has done, one positive note coming out of this, that is people from brighton to birmingham in england to brisbane in australia, to boston in the u.s. and birmingham, alabama, december people dislike dishonesty and to answer your question now what the royal family is actually thinking, it is purported, insiders are saying really king charles and queen consort camilla are weary. the words they are using are weary of all of these in quotes, disclosures and i think that the, they're very own dishonestly, decent people don't like this. they are doing this to themselves and the hypocrisy continues as many remember all the twisted truths in the oprah interview. ashley: you mentioned brighton and brisbane among the bs
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there. i'm from briton, my wife is from brisbane. very good, hillary, you hit all the big towns. just as i mentioned in the beginning there, that photograph was actually a "harry potter" premier. that just i think adds to the perception of people that this is so fake and that the you know, that the poor whining royal couple that nobody likes, hounded by the media, let us remember they go on "oprah" winfrey, let cameras in the house and followed them around. >> you're absolutely right, ashley. may i say a few things about this? it was the reporter from "the sun," i believe his name is doug, he was photographed at the front. he remembers being there. these are credentialed members of the media. there were no royals present. everybody should know they were there to photograph the cast of then "harry potter" series two release in trafalgar square. you're absolutely right. this is nothing to do with royals.
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this is visual, total, utter misrepresentation. let's link this. this is a business show. let's link this to business. we are facing in the u.s., in the uk, people are struggling with the winter of discontent, the price of petrol in the uk gas here, the price of heating. people are suffering and there is a couple who live in a 16 bedroom mansion who have been given millions by the royal family. i have a suggestion for them. with the proceeds perhaps from netflix, maybe what they would like to do with that purportedly, well over 38 million, many say nearly 100 million, perhaps they like to reimburse the british taxpayers who paid for that. ashley: good idea. >> i actually covered, ashley, they were welcomed with open arms. ashley: i'm out of time but you couldn't have said, i couldn't have said it better. i want to tell them to shut the heck up. hillary, thanks for joining us. we appreciate it very much. let's check the markets very quickly. stocks selling off, guess what?
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on fears of the fed. what jerome powell is signaling about future rate hikes is what has investors worried. we'll get it into after this. ... christian health care ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are, regardless of your health history, offering values based affordable health care cost solutions. learn more today at yourchm.org about health care that puts you in control. [ marcia ] my dental health was not good. i had periodontal disease, and i just didn't feel well.
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♪ it's beginning to look a lot like christmas, everywhere you go ♪ ashley: it's beginning to look a

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