travel and amex card services. the math seemed simple. they booked him 96 seats even though he requested just four. so he expects 92 refunds. but ray says amex only offered 74 refunds. leaving him on the hook for 18 airline tickets he did not book. >> they still kept on sending me statements that i owe $13,000. >> reporter: so he turned to us. we contacted american express. it did not want to discuss ray's case on tv. but it refunded all the extra tickets. and gave him $1,200 worth of membership rewards points for the bumpy ride. it's resolved now. how happy? >> very, thanks to you guys. >> an airline ticket charged 96 different times in one day is enough to trigger an alarm or alert? >> a red light should have went off, why is this guy bookinghem nkamex use sophisticated technology and monitoring techniques, as well as anomaly detection. so why didn't a computer catch the duplicate charges? american express didn't say. copycat flight bookings often trigger alarm bells in airline systems too. we asked cathay pacifi

/china relationship i thought it was interesting that squeri noted amex is the first foreign company with approval to process domestic transactions he said it has the potential to give amex first mover advantage. progress has been very slow. now china/u.s. trade tensions could further lengthen that timeline even if they get first mover advantage against visa and mastercard, it will have to contend with ali pay and tencent's we chat pay. >> deidre, thank you karen, what did you make of this quarter and this 2% decline? >> i mean it's fine. the stocks had a nice run back until very recently. it's fine. it's not expensive i'm just -- i don't know, i'm sort of lukewarm on it the macro pressures, talk about how expensive it is to gain customers and then of course you have a little bit of credit particula tick-up. >> we all know who you're not lukewarm on, jamie dimon. >> i love jamie dimon. >> kind of rhetorical. i was listening to what he said about their quarter. their loss provisions did go up. he said their moloan book is gog up but expenses are going down amex said their expenses wen

battleground nvidinvidia from square to see is a to amex to mastercard. the halftime report with scott wapner start now >>> welcome on this tuesday. we'll debate the big stories of the day. we begin with the markets. stocks in another fight. they are following headlines we start though with that major market call pr tfrom the chief investment officer eddie is here with us today. it's good to see you then. you have a contrarian position across the board fear of risk will morph into fear of missing out. how positive and why are you so positive people got very negative about china, the economy and the latter half of last year we have seen a reversal. it's all about positioning last year we had earnings growth probably 22% for u.s. earnings that's phenomenal earnings growth the stock market was down. i think 2019 will be the opposite of that are earnings are muted and stocks are up because positioning is so nothingti negative >> it's going to be probably pretty ugly. >> it may be the market is a discounting mechani mechanism. always looking forward we'll get

liz: amex a member of the dow.rse, you know comcast is jumping into to be a streaming competitor. netflix reporting after the bell. we'll put the picks up on lizclaman.com. all your social media. >> great to see you,. liz: liz: great to have john burke. it has been a volatile final hour. treasury yields three week highs during the session. [closing bell rings] that will do it for "the claman countdown." "after the bell" will pick up all the headlines and more. connell: a lot going on. final hours of trading following that report the u.s. is considering easing up on china tariffs. the dow certainly finishes i here. up 163 points. third straight day of gains. s&p 500 and nasdaq both ending in the green as well. that is a three-day winning streak across the board for the markets but that was then this is now. a lot to do. welcome to the show. i'm connell mcshane. melissa: i'm melissa francis this is "after the bell." we're seconds away from netflix earnings, results that could move markets tomorrow but here's what is

. >> netflix is after the bell, amex is after the bell and we have john calamos on.stock picker. it will be interesting to hear his remembering of jack bogle and what he contributed to the world of investing brings us back to the conversation which we have every day, whether things are changing now in terms of the market environment. >> that and then netflix and amex, too. >> netflix is never dull earnings >> whether good or bad, never dull >> dow down 31 s&p is trying to climb into the green. "squawk alley" is up next. we are awaiting the president. he is going to be speaking at the pentagon, expected to unveil his administration's recommendations on missile defense. so don't go away lobster fisherman is the lifeblood of this town. by 2030, half of america may take after stonington, self-employed and without employer benefits. we haven't had any sort of benefit plans and we're trying to figure that out now. if i had had a little advice back then, i'd be in a different boat today, for sure. plan your financial life with prudential. bring your challenges. from capital

but we're bullish on the year and probably going to be a good entry point. >> what is the amex need toercard and visa get >> mastercard and visa are not lenders. a network. they get a piece of all transactions investors love the cleanliness of that. this is heavy marketing spend and credit risk and people don't want to deal with. but it's cheap relative. >> do you own it >> i do. it actually held in well in the fourth quarter relative to banks and relative to other financials and so i think it's pulled back, again, this much trading at a 13 times valuation. new management team and i think this is a very solid report so if it gives back it's a buying opportunity for sure. >> we'll leave it there. thank you very much. >>> up next, we'll have much more reaction to netflix earnings what to expect from the conference call and taking place later this evening. >>> apple ceo tim cook expanding the privacy push urging lawmakers to take on the shadow economy of data brokers. we'll have more details on that coming up later on the "closing bell." every feeling. a product of mastery. lease the 2019

battleground nvidinvidia from square to see is a to amex to

. >>> bay area representatives barbara lee and margaret after an amex gusts sat on the tarmac for hours. it was diverted to oakland for the fog. passengers said they were not given any food or water for four hours. aeromexico says it did not have any operations in oakland, it needed special operations to disembark passengers. representatives wrote this. this incident is a serious concern to our constituents, to travelers visiting for worker leisure and aviation passengers who deserve fair and decent treatment from airlines. >>> u.s. diplomats are leaving venezuela. they urged u.s. citizens leave, as well. least a dozen people have died in violent protests. the u.s. has rejected 's leadership . but nicolas maduro has support from places like russia. >>> speakers from many different backgrounds called on the us to respect venezuelan sovereignty. the speakers pointed to a long history of the interference around the globe. there is a serious backlash. >> we oppose fascism all over the world. these people coming to power in large part due to western intervention. >> the uss -- they think the

i was listening to what you said about take the picture that's what my kids know to do for amex, receipts unbelievable if i could do that for i.t. >> absolutely. you know, i was blessed to be in the decade i was at ebay, i saw the power of the consumer internet and what mobile did in our lives at home. >> right. >> taking advantage of the capabilities that are built into the phone like the photo capability, like the image recognition capabilities taking advantage of native capabilities and building applications that are consumer grade and the experience and that hide the complexity from the users. the same way you can buy something with two clicks. you can get your issues answered or fixed at work in the same two clicks we think there's enormous opportunity to transform that and we want on the at the forefront of that mobile experience. >> when i listen to you, i think of fed chief powell today. some people are upset, they think there's inflation. but i'm listening to what you're just talking about, john you're a deflationary force in the world's economy, aren't you? >> well, we helped to

you got goldman tomorrow, bank of america, amex, morgan stanley on thursday. netflix. there's a brexit vote let's bring in larry mcdonald, head of global macrostrategy, acg analytics, editor of the bear trap report, cnbc contributor. okay, larry. here's the question of the day what's going to be more important for our equity markets? the brexit vote today or the way earnings start to roll in today? >> it's definitely earnings. i mean, the brexit vote has been priced in -- we've had so much brexit noise at the end of the day they're going to kick the can again. that's -- more importantly, the -- you have to understand, jeff, give him a shout out doing a great job on this last week getting out there, but there's two t 2 trillion of debt in the corporate bond market that's coming due in the next three years. $2 trillion. ten years ago that number was -- if you looked out over the next three years, ten years ago, that number was $800 billion. the question is has the economy grown enough to sustain that debt level and to pay off that debt level, and that's what you are goin

specifically the chances of getting a business license that lets amex expand into this market how about a stock that's already up 26% for 2019? you heard me, 26%. it hasn't even been two weeks. i'm talking about the stock of netflix. the analysts who cover this stock have been tripping over each other to raise numbers. i typically don't like this action, but netflix is not your typical stock. it's too much for me to recommend buying it. i'm taking a tip from my old trading partner who said jim, you missed it. i don't even care if it goes great. you don't have the right to buy it here. she was almost always right. and we hear from shumbergy we have stuck withschlumberger and i feel like a dope i got the best house in the worst neighborhood this has fooled me repeatedly even as it kept plummeting i want to hear their dividend is safe low bar, even though i think oil did bottom in the mid-40s, it hasn't profited enough for them to make a ton of money it's out for the apparel company because it sells so much product to department stores like macy's >> wall street has turned against that who

guest: the president doesn't have the house anymore and that amex -- house anymore and the dynamics havenged. we give 1.1 million green cards a year. they estimated there will be a 40% reduction. we do not want to see more of a bottleneck. we oppose set forth pillar. but now, because the democrats control the house, he has to table back his demands. because the dynamics have changed, this is more of a viable solution. the second question on daca i had a chief of staff in the west wing who said he wanted to resolve the situation. host: which chief of staff? guest: calhoun. he wants to resolve this to get to the next phase. i think this white house wants to do the same. this is phase one. phase two would've addressed the other folks who are here without documentation. angstericans have an about security in america, about their futures, and i'm sympathetic to that. i parents have the same concerns and angst about their future and their children, and sometimes they could not express a properly. i will give him the benefit of the doubt. he calls them racist. we need to listen and understand e

or maybe the chinese rkt walmch amex >> might that come on the call >> if it is really significant, ite been in the disclosure >> all right thank you very much. and we have another earnings repo report mondel mondelez >> and earnings coming in exactly what was expected. 63 cents per share same with revenue, $6.77 billion. that was exactly what the estimates were if you strip out some stuff and look at the organic revenue growth which people like to do, it was actually better for the snack maker up 2.5%. better than the 1 pp.8% expected you always break down the regions. north america came in better than expected. europe a little weaker than expected not much latin america did better and asia, middle east and africa did significantly better as far as the outlook for mondelez which makes oreos and nabisco, they reiterated their revenue growth guidance, that was unchanged, but they raised their earnings growth guidance so a pretty macro global story it is also a story of growth in snacks which has done so much better. i mean they hatelumped to get in with the other food producers like a c

netflix and amex big stories tesla cutting jobs, day 28 of the shutdown green arrows in asia overnight

netflix and amex big stories tesla cutting jobs, day 28 of the shutdown green arrows in asia overnightndustrial production in just about 15 minutes we begin with china trade confusion and optimism stocks set to open higher as there are reports that the white house could reduce tariffs on china. >> no choice, but layoffs. tesla's ceo telling employees the company will trim its workforce by about 7% and improve manufacturing to stay competitive. >> netflix on a tear subs on the rise up 34% from last year. slower revenue growth sending shares lower premarket >> stocks are set to open higher on track for a fourth straight week of gains as we said, a day after the dow closed out a so o so-called correction territory the journal reported as you know that mnuchin discussed lifting tariffs on chinese goods to speed up the trade talks but treasury is denying that report interesting to watch the intraday action during your show yesterday, sara, as investors have to now figure out how they're going to handle the headlines if they keep coming. >> the administration sort of walked it back and what