our own charlie gasparino is doing reporting for us right now on tesla. news you will need to hear and he joins us next. the employee of the year, anna. [music playing] (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event. about medicare and supplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? well, these are the only medicare supplement plans endorsed by aarp and that's because they meet aarp's high standards of quality and service. you're also getting the great features that any medicare supplement

charlie gasparino is here to pour gas on the fire and tell us why he may not have hit bottom just yet and gave up a promising career on wall street and now he's selling out concerts to fans who are paying in bitcoin. we are joined exclusively to share his unique story and also his latest business venture you don't want to miss this especially if you're a big fan of blockchain so we're less than an hour to the closing bell i'm adam shapiro in for liz claman. let's start the countdown. all right, we can't avoid the breaking news, the jury deliberating the paul manafort case has sent a note to the court saying they would like to end deliberations and go home at 5 p.m. today. that jury has been deliberating for more than 12 hours over the past two days. we will bring you more details as that becomes necessary, and they emerge from the courtroom. as the markets hit fresh highs in the final hour of trading the dow, s&p 500 and nasdac all on pace to end the day higher on news that president trump and president xi from china, will meet in november and try to come to an end to the trade stando

charlie gasparino, to you first.ive information on how the street is working the privatization of tesla. >> during the process of hiring bankers, we know there are various bankers, goldman sachs, morgan stanley, vying for it. it looks like morgan stanley is on the verge of being retained. it looks like some of the pitches the bankers say they are prepared to make to potential investors in this privatization play is that they will compare musk to bezos, jobs. they say you have a visionary here. forget about lis twehis tweetin is one of the few people in corporate america that is a visionary. they believe there's enough money in the sidelines to bring him in, bring this thing private. at what price, i have no idea. these are the sort of pitches the bankers make. we should say one other thing to make this clear. bankers are also conceding if they can't do the privatization, if it's not in the cards, it's a big if, as you know, we will get to that in a minute, if they can clearly be a recapitalization because this is a c

charlie gasparino was on the call and he joins us with an update. as going to join the call and there he was. charlie, has he been asked about the elephant in the room? >> he hasn't taken questions. we should give our sister network, fox business network, credit here. the photo and only to report that les moonves was planning to be on the call. >> trish: give your credit because that was your reporting. >> the stock spiked on the report today. countdown to the closing bell because of the notion he was going to be on the call. he's not going to answer questions if he is asked about the sexual misconduct allegations that appeared in the new york. -- new yorker. adam townsend opened up saying he's going to stick to the script on earnings and everything else. when this is concluded, after this ceo les moonves as just finished speaking, the coo is speaking. after they are done, questions begin. you never know who might slip something and that's a little bit off script. >> trish: in a way, it's not off script. let's not forget how much the investing commun

now we go to charlie gasparino who has more, charlie. >> why is, i'm trying to figure out why this is a positive for the company. liz: probably, because i was thinking the same thing. sounds like they have their act together, this is what we'll do, we'll tap the credit line. we'll pay everybody on line. >> we will tap the credit line but we have cash. some of this doesn't make sense. say one thing about tesla and elon musk. now i'm into the stock after the story we exclusively broke about sec starting formal investigation with subpoenas. i'm looking at mr. musk's statements take a page from jamie dimon, underpromise, overdeliver. he does just the opposite. keeps saying that they are cash flow positive. he keeps saying they're going to be profitable. never happens. keeps making very high production estimates on the model 3 which are never met or haven't been met. i mean this is a real problem for the company, if you keep overpromising and underdeliverring, at some point theket will look at you as a class half-full, class-empty as opposed to glass half-full, what you have despite today.

charlie gasparino is running to our set right now he's probably heading for the elevators he'll have e very latest from what insiders at tesla are saying about those upcoming legal battles charlie breaks it next on "countdown." with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com and now you know.ed- jardiance is the only type 2 diabetes pill proven to both reduce the risk of cardiovascular death for adults who have type 2 diabetes and heart disease... ...and lower a1c, with diet and exercise. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathi

up next, charlie gasparino on fresh details as to why one of the biggest names in banking has decidedo remain a spectator in the tesla privatization cage match. charlie is breaking it next on "countdown." alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. pah! thano, no, no, nah.k. a bulb of light?!? aha ha ha! a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid. a stadium powered with solar. a hospital that doesn't lose power. amazing. i like it. never gonna happen. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals designed to save you money. wireless network even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a

charlie gasparino has been predicting the deals demise for weeks the man himself, charlie. next for sinclair? charlie: you don't want to see my gold chains do you? liz: i don't want to see. charlie: by the way before we get into this. liz: i have a correction. tribune does not own chicago. charlie: no, they don't. this is a little bit off topic but i've been trying to get my head around this just all day. if trump wants to start this space force -- liz: president trump. charlie: if they beam him up to mars and he was on mars would donald trump be an illegal alien on mars? >> [laughter] liz: elsewhere around the nation , sinclair and tribune, charlie? charlie: think about that. that's like one of these like deep philosophical questions. liz: indeed, all right charlie: anyway we'll get back to that later. i read the lawsuit by the way. now here is it was pretty much we've been hearing this for weeks that tribune was likely to bail out of this deal following the fcc throwing cold water on it and basically putting this into the courts which would be a very up hill battle. i've

charlie gasparino -- >> does that mean cuban will be actually richer now?n actually richer. trish: yeah. maybe -- >> i have got an email. trish: a run in 2020. he has been talking about that. >> it is interesting. he has been keeping his powder dry lately with the attacks on trump. trish: i noticed. >> i found that odd. like he is, like that he is planning something, he is not leaving a paper trail, but we'll see. i guess we have to get to this story. trish: another billionaire. >> another billionaire, mr. musk. here is the problem from what we here inside of the musk camp so to speak. you should know they hired, this is full employment act for lawyers over there at tesla. trish: sure. >> they have cahill gordon representing the company. they have latham and watkins representing a special committee of the board involved in process of bringing it public, bringing it private, which got elon musk with that tweet that said, go, thinking about going private and he said, funding secured, you know it was obviously a little daylight between funding secured and what

now he's in trouble many times over for something that charlie gasparino was the first to break. he's here to explain it all. what happened, charlie? >> what we learned today with fox business, first to report, there's now a formal investigation by the securities and exchange commission into the tweet that elon musk sent out on august 7 which said two things. number 1, that he's looking to take his electric car company private. that's okay. the second part is where he might have run into problems. funding secured. the days that followed that tweet, it's been a mystery as to where that funding was coming from. musk says he has had broad conversations with a saudi wealth fund and from those conversations, he felt confident that funding was security. others are less certain. the security exchange commission is looking to it. what we're first to report, they have issued subpoena ramping up the investigation from a simple inquiry to a formal investigation into that statement. so what could happen to elon musk? there's a range of remedies. if he's -- if they come to a conclusion that he

charlie gasparino thanks so much appreciate it. let's check the dow 30, big pharma pfizer and merck holding gains along with travelers and the down day on wall street there is some green up there, walgreens, boots, verizon and 3 m, in the green the dow up 182 a lot better than it was this morning when it was down more than 300 points and a comeback, kind of. up next trade wars blamed for the days sell-off but could a trade war turn it all around? the mexican trade minister is in the nations capitol. edward lawrence will have the latest on finding a deal for a new nafta, that's next on countdown. >> on the next kennedy the president's war of words with former white house aid omarosa continues, how much nasty will it get? join me right here. .s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dam

trish: charlie gasparino. thank you. ago sarah sanders say steel tariffs on turkey would remain even if they release the american pastor. big news as we watch a standoff with turkey. a lot of tensions surrounding the trade environment. we'll have more on the selloff after this break. for just $59... ancestrydna can open you to a world of new cultures to explore. with two times more detail than any other dna test... you can connect more deeply to the places of your past. and be inspired to learn about the people and traditions that make you, you. savor your dna story. only $59-- our site's lowest price ever. trish: more breaking news right now. we just heard from white house press secretary sarah huckabee sanders telling our own blake burman just moments ago, that steel tariffs will remain even if pastor brunson, the american pastor being held there is released. the stocks are selling off today amid all concerns about a trade war with turkey. we're down 243 right now, as well as more issues surrounding china. go back to n

charlie gasparino saying the s.e.c.ncisco office has launched a formal investigation, issuing the company subpoenas over tesla's plans to go private and that is spooking some of the board. reports swirling that at least three board members have lawyered up, hiring outside counsel to advise them. one person familiar with all of this tells me that some of them feel that elon musk's tweeting has put them in a personally liable situation. the s.e.c. is looking into whether musk may have misled investors when he tweeted funding was secured, also tweeting he had secured goldman sachs and silver lake financial advisers which had been reported was not a done deal at the time of the tweet. one source also tells me the board sent a clear message to the ceo, stop tweeting and to keep plans that are still in progress about them going private, private, and off of twitter. neil? neil: thank you very much. i heard the stop tweeting, i thought you were talking about the president of the united states. you are talking about the other gu

real quick i do want to look at the big board, we've got about 15 minutes to go excuse me , charlie gasparino is coming up pinning down at&t chief randall stevenson, in sun valley and he did that last month and now he said his company is more than prepared to defend itself against any appeals by the justice department, we'll be right back. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. there's also a lot to know. the most important thing? medicare doesn't pay for everything. yep...you're on the hook for the rest. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay some of what medicare doesn't. so you could end up paying less. and these are the only plans of their kind endorsed by aarp. selected for meeting their high standards of quality and service. call unitedhealthcare insurance company now to request this free decision guide, and learn more. like, medicare supplement plan, give you the freedom to go with any doctor who accepts medicare patients.

we heard earlier today from charlie gasparino, he broke the news, the s.e.c. musk's statements. he's back on the phone with us again. charlie, repeat your news and its significance, please. >> it's simply this. this is not just some informal look under the hood sort of thing by the s.e.c. they are formally investigating the company, the statements made by the ceo, elon musk, regarding going private, because it looks like, and we can say it looks like, his statement that he had funding secured was not accurate. and under every securities law there is known to mankind, putting out a statement like he did on twitter that's materially false is a major problem for the company. now, here's the point i was trying to make before. this is the dilemma the s.e.c. finds itself in. if they get rid of -- if somehow they ding musk or if they ban him from the securities business or prevent him from being an owner, director of a company, or director or executive of a company, that's going to materially impact tesla and the stock, and will hurt investors. so they know -- the s.

tesla, charlie gasparino reports that sec sent subpoenas on tesla regarding musk's fan to take the company private and his funds were secured. and uber second quarter sales rose 63%. with a lower narrower loss. >> coming up we have expert analysis on john brennan losing his security clearance, and other names of obama era officials could lose it at well. and fbi agent, peter strzok, his gofundme campaign is now raising close to a a half million dollars, coming up, a guest said that fundraising money should really be about people who need it, not people who are bias. >> and democrat new york government andrew cuomo surprising an audience saying america, quote, was never that great. >> we're not going to make america great again. it was never that great. liz: a guest who said this far left governor has not read a rea u.s. history book. >> and trump did yank that security clearance. who else is going to be involved here? former deputy assistance to george w. bush brad blakeman will react after the break. you're headed down the highway when the guy in front slams on his brakes out of nowhere.

bring in bubba show host, super trader todd horowitz along with charlie gasparino. e says the markets just came off the highs this is all michael cohen. before charlie jumps in, bubba, what do you think? >> he has a point. markets hate uncertainty. if colen will spill beans nobody wants to hear that could create problems. the problem we don't know what he will say until after 3:00 or 4:00 eastern time. so the issue comes down is he going to implicate president trump in any wrongdoing, which would then create some pretty good selling on the market. i think that is what you're seeing, a little bit uncertainty pushing the market down. the vix has been rallying since about 2:00. >> does he have a plea deal? that is the real question here. i will say this, the market has been trading on negative trump, mueller investigation news. does michael cohen have a plea deal? does he know enough? liz: look at this vix index, starting when the news broke. >> trading off of michael cohen given his role is risky. i'm not quite sure how much he was involved in these real estate deals a

melissa: charlie gasparino, thank you so much. great reporting. charlie and. ed to and heather are back with us. they were really mad because you can't say something like this unless the deal was signed and if we had done it we would be in jail. i was kind of surprised to hear that reaction. that is how people felt. what due think. >> charlie had it right. he reock the story hour ago. i know smart people really do dumb things. if he secured funding i don't see why you can't use twitter a public and free outlet but probably not the wisest way to use it. or you preannounce that after market hours, before the market opens or after the market closes, that you have a big announcement a stocks-moving announcement coming that would have been the better way to handle it given that he has secured funding which we don't know. melissa: todd, there is big difference between talking to someone, yes, we want to help you take the company private, yes that idea sounds great and actually having the lawyers sit down and hammer out the documents and signing them at which point i

bring in fox business's charlie gasparino, breaking all sorts of stories on this. charlie, this corporate soap opera keeps getting worse. les moonves is not talking about it. >> as we first reported last tuesday he was planning to be on the call. we kept reporting that our sources inside cbs said he was planning to be on the call. he is on the call. he spoke on the call. they started off with a disclaimer on advice of counsel they can't speak about the sexual misconduct allegations but we point out it has been joe ianniello and les moonves speaking so far. they have not opened it up to questions. that is where you might get some indication, someone will him something i think about secession. if they don't, then, the picked biggest softballs on wall street to ask proposed questions for this thing. maybe that is a tactic. you know, you can understand where you don't talk about specifically the charges but you get, you hint at it because the bottom line is this. one of the biggest movers of the stock right now is not the earnings, it is not, it is not new programing. i

an investment bank has now been hired, according to charlie gasparino. what might the buy-out price be? charlie is getting in the chair. >>> the dow is climbing out of a 125-point low, just one day after setting the mark for the longest bull run in history. wall street legend byron ween has agreed to come on the show. he will be here to tell you when he thinks el torro might stumble. >>> we are hearing trade talks with mexico have been closer than ever to the finish line. in the next few years, could a new nafta deal become reality? all this as president trump's trade war with china sees identical volleys of $16 billion in tariffs. we're on the story. >>> they called her the erin brockovich of food allergies, fighting tirelessly against outrageous price hikes of the life-saving epipen. she's here with what the genetic competitor means for americans suffering from life-threatening allergies. >>> bitcoin bashed again? is a september rate hike a down deal? less than an hour to the closing bell. let's start the "countdown." breaking news. we need to get to wh

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here to discuss this, charlie gasparino. let me start with john.ment with the private sector? >> can we be serious? any other country would give anything to have a $500 billion business in its orbit. ankle biters in the federal government persistently harassed facebook and $500 billion is the operative number. we are talking $10,000 add bys. that is infinitesimal, microscopic on facebook, the notion that it was used by alleged russian interests to influence anything is just not serious and we embarrass ourselves globally when we pretend it is. >> i covered the facebook news this weekend and they talked about a digital arms race. maybe twitter, facebook and youtube are digital dealers, social media has been weapon eyes to and it means there is an affront to the first amendment, civil discourse, politics. we need to come to this realization of the op-ed piece in the new york times released this weekend said they need to face reality. what they do has impact on political ramifications. >> what do you think? >> funny to listen to right-wingers talk abo

trish: thanks, charlie gasparino. come on.eportedly recorded the president during the time at the white house and ready to unleash a new book. are continuous white house leaks hurting a strong economic message? i'm asking ed rollins. he is here next. health and fitness is a big part of my life. for 14 years, i played professional football and i thought my health was perfect. then i had a screening and doctor's discovered i had a serious medical issue. unfortunately, it was the end of my football career, but if i hadn't been tested it could have been the end of my life. i believe in preventive testing, it saved me. many health issues like mine have little or no symptoms. life line screening goes beyond your anual check-up to tell you what your body isn't. call and schedule an appointment. call right now and save over 50%. just $149 for 5 painless screenings including an ultrasound test that actually looks inside your arteries for plaque that builds up as you age, increasing your risk for stroke and heart disease. after all, 4 o

our own charlie gasparino has details on the failed 4 billion-dollar buyout.emocratic socialism is all the rage on the left of course, but is this something the republican party should be worried about? forget the republican party, is this something all americans should be worried about? rnc chairwoman rona mcdaniel joins me next. don't go away. my father passed this truck down to me, that's the same thing i want to do with you. it's an emotional thing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine but i'm gonna get a new one! oh yeah! he's gonna get mine but i'm gonna get a new one! when it's time for your old chevy truck to become their new chevy truck, there's truck month. get 10 or 14 percent below msrp on 2018 silverado pickups when you finance with gm financial. plus, during truck month make no monthly payments for 90 days. find new roads at your local chevy dealer. retail. under pressure like never before. and it's connected technology th

let's bring in charlie gasparino on that. what would it mean? anything? >> this is one of the dumber ideas i've heard in a long time. let's be real clear. we need companies to disclose more. actually, more frequently about what is going on. investors need a quarterly report to know quarter by quarter how their company is doing. i understand why the ceo of pepsico or was, as she's stepping down and other ceos don't want to work that hard and deal with investors holding their feet to the fire. i understand that. what i don't understand is why the president of the united states has taken that seriously. because of all -- >> neil: the other argument is that it keeps everything short term oriented. you're trying to rig the game. it's like a congressman is elected for two years and with a year -- >> actually not. is holding companies responsible on a short term basis for -- >> neil: that is good? >> it's damn good. germany has a lot -- germany has the metric system. let's go to the metric system if that -- look at their markets. look at our markets. i will say

neil: charlie gasparino is here, taking a look at twitter and charming conservatives trying to i guess? charlie: they're not doing this for reasons we should point out. jack doors it is a silicon valley liberal, some of my best friends are liberals. neil: i find that hard to believe. charlie: anyway i'm sure he's a nice guy but what we have over the last couple of months and i'm getting this from multiple sources is that twitter is reaching out to both conservative media types as well as republican lawmakers various republican lawmakers and others and making themselves available to conservatives. if you notice the ceo, jack dors ey, recently did an interview with shawn hannity, our very own so they are launch ing a concerted effort from what i've been told, from what my sources are telling fox business network to sort of repair a somewhat bad reputational damage they have with conservatives and what is that damage? not only is silicon valley predisposed to the left side of the ledger in terms of politics but also that certain conservatives get booted off while certain liberals don't. t

he also said he hates charlie gasparino. i thought -- >> i think he is a good-looking guy. have you ever seen him? by the way the women love him. neil: are you encouraged by the fact that he is acknowledging the elephant in the room and wants to do something? >> absolutely. neil: that is all i'm saying. >> i think he is ernest, good guy and businessman and company is doing pretty well. i take freight offense you mentioned elon musk and jack dorsey in the same -- neil: jack dorsey, elon musk, who would you trust your money more? >> personally, oh, god why are you asking me this? i'm trying to be objective here. neil: i'm saying. two different parts -- >> they are two different companies. neil: i understand that. >> twitter i'm not sure, i'm not sure twitter's long term business prospects. tesla has emerging technology. i'm not sure about the way it is being managed. neil: so you're dodging it? >> i have my money in a money market fund. that is the stock i will recommend. money markets. neil: buddy, thank you for breaking all the news. he is constant, more news we'll follow v

charlie gasparino knows the trump organization quite well. you and i were chatting in the break.i noted this is confidante better than four decade and secondly markets don't seem to care. >> for now. neil: for now. neil: what do you make of it? >> give you a little story back last year in 2017, i'm pretty sure i reported on your show trump was telling people that he thinks the russian collusion investigation was going to be ended by the end of 2016, 2017. he said that to a mutual friend of ours, he and i who told me, and it that's mutual friend told him, don't be so certain about that because this may not be, mueller may not be looking at just collusion. he may be diving into your business practices, which have always been somewhat obtuse and some would say shady. and -- neil: complicated. >> complicated, right. and esoteric. we were trying not to say too many pejoratives here. that is what he said, if they look into there who knows where this is going to go. neil: that would be a kick though, hunt for russian collusion and all of that, this ends up being about business transacti

joining us now from connecticut is charlie gasparino. me thoughts on john mccain, i know you dealt with over the years and could be a great source and great interview, but also could be testy at times. charlie: i covered him a lot in 2008. i covered the financial crisis in 2008. but the other story was the financial campaign. they were sort of tied together. john mccain, you could see this when you were doing the report being his campaign. he was frustrated because he thought he had a good chance of winning. but then the financial crisis started, and you could see it in the frustration in john mccain that this thing was slipping away. howie: he briefly us spended his campaign and people said that was a misstep. charlie: he looked unhinged. here was his opponent, barack obama, who spent very little time in the senate. he really believed he was the right guy for that job. and he had some massive blowups with people in the bush administration. hank paulson, he believed those people screwed him and cost him the election. i would hate to be on

and our own charlie gasparino has been saying that legal team is bracing for dollars in liability tie and lawsuit, and wondering whether he tweeted what he tweeted about going private to hurt short sellers. >> and trump asking attorney general sessions to sue some pharmaceutical companies that sell opioids. liz: we brought you this story, hackers did steal 14 million dollars from atm machines across 28 countries, in places like canada, hong kong, and india. tonight, a shocking new development that could under cut marijuana. over 70 people overdosing on synthetic marijuana in connecticut. coming up doc seeing ol siegel y are saying the illegal synthetic drug thriving under the pot legislation. >> and coming up, he came in in refugee flow. a guest who said, watch out california, your sanctuary state laws don't help. >> first a jury out deliberating, asking a question of judge. in the paul manafort trial that verdict become any moment, we'll bring it to you if it does. >> harvard law professorial one- will join me on that. ♪ introducing e*trade personalized investments professionally man

elon musk may have run security law spirit charlie gasparino broke the news that the sec has subpoenaed the company taking information from tesla's board of directors. a formal investigation of the company is underway. board members are scrambling to do damage control. independent directors have lawyers represent them during the inquiry. shares of tesla fell 3% on news that that subpoena. we will have more a little later on in the show. >> president trump revoking former cia or john brennan. >> mr. brennan has recently published his status as a four high-ranking official with access to highly sensitive information to make a serious unfounded and outrageous allegations and wild outbursts on the internet and television about this administration. trigger the president pointed to brennan is one of the people he believes is responsible for the russian investigation. this is what the president said. i called the raid which on. this action is part of a broader effort by mr. trump to suppress freedom of speech and punish critics. the president has ordered a review for nine others to have securi

. >>> meantime, tesla, this is a story that charlie gasparino was on first, and he keeps adding to itma and breaking news in this case. what are you hearing? >> wouldn't you like to be the lawyer that had to write the line item for the stormy daniels payment? neil: that's what i was saying. they never did it. >> $130,000 to my favorite porn star? neil: good thing i'm not a lawyer. >> me, too. i will confuse pitch this thing. these are bankers vying for advisory roles with tesla and elon musk as he plans to go private. it's kind of interesting, the way they will approach this if and when these guys get hired. some of the people i spoke with haven't been hired yet. they are still waiting to sign the documents and are vying for various positions with the independent directors that are looking to bring this private and with musk. here's what we hear. they do believe there's investor appetite. they believe there's a lot of money, as they would put it, on the sidelines looking to invest in something like tesla. here's where it gets interesting. they plan on making their pitches to compare m

we want to get to guy with information and scoop, he breaking news all day long, fox business charlie gasparino a tweet. >> yeah. bizarre what happened before the tweet and after the tweet, put it in context, tesla is a heavily shorted stock. fair to say that elon musk is at war on the shorts, he has been lashing out at reporters, certain short sellers, claiming conspire trees drive down shares. kind of stop some of hemorrhages of stock of late, they had a recent better than expected for the, then this today, stock was heading you know down, early trading. then a story leaked in "financial times" that said that he was going to buy about 3 to 5% of twitter share -- tesla shares, and then, not long after, minutes later, comes a tweet he is considering going public. he did not disclose it in press release but on his twitter page. and stock, took off. a lot it pretty unconventional stuff. there is a question whether irkn mufnlmusk violated disclosure n, probably not. he generally discloses stuff on twitter, that they are probably okay with that, in a might get issues is with how this leaked out abo

cheryl: well, let's talk about shares as cbs with the high yesterday after a road charlie gasparino reportedmbattled ceo les moonves claims to speak an earnings call tomorrow afternoon. under allegations of sexual harassment involving at least six women during his career. les moonves tells "the new yorker" that any behavior that made women feel uncomfortable and denies using his position to retaliate against anyone. on a separate note, cbs alleging its vice chairman tried to remove a board member earlier this year after tape meeting with the father to document his failing health. >> breaking news this morning. vice president pen set to arrive in hawaii to attend the ceremony to receive the possible remains of 55 u.s. service members released by north korea. the ceremony to begin at 8:00 p.m. eastern. right now you are looking at live pictures that those remains being transferred onto planes and south korea. following the repatriation ceremony that happened there. the remains will be sent to a military lab that identifies missing u.s. troops. the vice president is the son of a korean war vete

charlie gasparino blew a gasket. on the story and has exclusive details next. until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. your insurance rates a scratch so smallr you could fix it with a pen. how about using that pen to sign up for new insurance instead? for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty. ♪ our phones are more than two, just phones.k up. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. charles: this might surprise you. apple hit another new all-time high. in fact it is up over 9% this wee

troubles that he may be facing as well, shareholder losses, et cetera, listen what to the what charlie gasparinorday about the litigation issue. >> one of their main worries in addition to sec is private litigation and they are starting to think about how much potential liability exists in the private litigation if investors sued because claiming that they lost money based on musk's tweet, he has to admit some level of wrongdoing, that will ramp up litigation even more. cheryl: also was he specifically trying to hurt short-sellers on the stock which he has publicly complained about. >> sure, always complain about litigation, not just what they had to pay for shareholders but also expense. there's a recent suit filed this week, they are trying to get a class action suit, yes, actually expensive, however, i don't see musk actually admitting to defrauding. i could see sanctions, i could see a fine, i could see an investigation but for him to say it was my purpose to defraud i don't see it happening therefore i don't think it could be used in civil action. cheryl: the board member lawyering up, thos

joining us now from connecticut is charlie gasparino. houghts on john mccain, i know you dealt with over the years and could be a great source and great interview, but also could be testy at times. charlie: i covered him a lot in 2008. i covered the financial crisis in 2008. but the other story was the financial campaign. they were sort of tied together. john mccain, you could see this when you were doing the report being his campaign. he was frustrated because he thought he had a good chance of winning. but then the financial crisis started, and you could see it in the frustration in john mccain that this thing was slipping away. howie: he briefly us spended his campaign and people said that was a misstep. charlie: he looked unhinged. here was his opponent, barack obama, who spent very little time in the senate. he really believed he was the right guy for that job. and he had some massive blowups with people in the bush administration. hank paulson, he believed those people screwed him and cost him the election. i would hate to be on the

only thing we could think this do is invite charlie gasparino to come on. he's next.n't replace the full value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ . connell: breaking news here, what is elon musk up to? tesla getting a pop from a tweet from mr. musk, considering taking the company private, that the funding is secure at 420 bucks a share. a tweet he follow up ten minutes ago with good morning, smiley face. so when we want to decipher what someone is saying on twitter we go to our twitter expert on set, charlie gasparino. >> i know nothing about finance, just twitter, right? connell: what's he doing? first off, one of the things i openly worried about whether the tweet is his, whether someone hacked his account. connell: not only hacked but he had an april fool's thing joking about the company going bankrupt. >> i don't know if he was joking around, maybe talking about the possibility.

here with the latest our own charlie gasparino. >> i think they hired two law firms.sh: didn't have him step aside. a lot of people speculated he would be asked to step aside while the investigation happens but that is not the case. >> earnings call is at 4:30. trish: yeah. >> generally three people on the earnings call, les moonves, joe ion -- ianniello, and. what we we are hearing he plans to be on the call. why do i hedge? i hedge because this is a crazy situation. you have an internal investigation. in the last minute i've been told, it is possible that he will not be there. but as of last night, he was planning to do it. they were prepping him to do it. trish: so he will address this issue? >> now that is another -- we don't know how, if, what, remember how analyst calls go so viewers know. the company picks the analysts. my guess the company will be picking softball analysts that will ask more technical questions about the stock. they will ask obviously about the lawsuit with shari redstone trying to wrest control of cbs from its controlling shareholder, shari r

charlie gasparino says this is a problem in general.le analysts are paid to advise investors, also in the pocket of the companies that they cover since firms get huge rewards from investment fees of the company. he has a good piece on fox business.com about it. cbs shares falling more than 1%, the stock is down more than 8% since allegations came to light on friday in new yorker article. lea: the elephant in the room on the call yesterday. the investors are gearing up for economic story, the july's job report, 190,000 jobs, down 23,000 from june, unemployment rate expected to take down 3.9%, 18-year low of 3.8%. big focus would be on wages, analysts estimate hourly wages raise which could spark worries about inflation, we will have complete coverage and analysis on mornings with maria starting at 8:00 a.m. eastern with job's in america special. cheryl: great panel lined upup as well. edward lawrence with the details. >> the president came out firing in his speech this time is about the democrats and election win for the second time this

an investment bank has now been hired, according to charlie gasparino. ht the buy-out price be? charlie is getting in the chair. >>> the dow is climbing out of a 125-point low, just one day after setting the mark for the longest bull run in history. wall street legend byron ween has agreed to come on the show. he will be here to tell you when he thinks el torro might stumble. >>> we are hearing trade tal

charlie gasparino spin on the story unlike anyone i know. >> one of the reasons the shares are up istwitter, elon musk and tesla are now in the process of retaining bankers and advisers as the company does make the steps forward towards a privatization. take out funding secured. take out the tweet that got him maybe in trouble with the sec, there is a whole financing dance going on right now between tesla, elon musk and wall street to maybe bring this thing private at some point. here's what we know. morgan stanley is moving toward being retained as a possible adviser on the deal. morgan stanley i've been told by people close to the company could represent either the company, the board or elon musk. i don't know which, and makes a difference between the three. elon musk has already, what sources are telling us retained goldman sac goldman sachs and silver lake partners on a possible deal. may add morgan to the list or may be the company retaining a banker. why is that important in the company wants to show divergence between elon musk, we have our own set of eyes and ears on any priv

stay with us, it is charlie gasparino who broke the story on tuesday that les moonves would be on the what are you hearing? >> i'm always going to hedge this because i believe it when i see it. it is a hot story. meaning that there's a lot of focus on les moonves, his features a stapler he's got serious allegations. but i would say as of and a half hour ago, the word we are getting from cbs insiders is that les moonves will be on the call. again, i believe it when i see it. may be the word did not filter to my guys that are telling me he has decided to not do this amid this sexual misconduct scandal but you know, as of and a half hour ago i've been told that he will be on the call. here is the real question, liz. i know we are covering this live. he might not say much about it. it is very possible that he comes on, read the statement that may be mirrored what they released to the new yorker when they ran the profile about recounting the allegations against him on friday which started the downward -- i mean why do we care about this story he is the biggest ceo. liz: i doubt he repeats

with more on this, charlie gasparino has been covering the story at length. >> i don't blame les forringing it up. i don't blame the cbs, i don't blame the cbs investor relation chiefs set ising broad parameters, ground rules we'll not talk about legal issues on advice of counsel, when they did when it first happened. i blame the wall street analysts going along with those bizarre rules, not even -- say, you don't even have to go there whether les moonves is now under investigation by two internal law firms, two law firms that are looking at these allegations of sexual misconduct that first appeared in the new yorker. we know that you don't have to ask about the investigation. you have to ask about the other issues related to it and affect the stock price. that would be what is your succession plan? will you stay through -- how long do you think you might be there? do you have a commitment? how long is your commitment to the company? not only that, this is where they really booted it, no one asked about the other legal case that moonves is emersed in, which involves shari redstone. r

charlie gasparino in the chair as well. gh in here, he said $420 would be at the share he'd like to take it private. >> yeah, this is like one of the more bizarre trading days i've seen in a long time. liz: historic even. >> historic and biz art way this thing unfolded. i've been talking to the shorts, take it for what it's worth. they're getting crushed here. they're trying to call bs on the trading on this stock. here's the thing, they're going to say a story leaks in the ft that says something about saudi wealth fund may be buying between 3 and 5%, shares start spiking. might have been spiking before then and guess what? the ceo of the company announces that he's going private, and in between there you have an interesting run-up. now was that run-up based on the saudi arabian thing or based on someone might possibly be leaking that the saudis are getting in as they're going private. i am telling you these are the questions that the shorts are raising, probably going to raise it with regulators in the next couple days. the

charlie gasparino broke that news this morning -- >> and look at moynihan, my producer, who came up withis moynihan and it's same name as brian moynihan of bofa, we were able to get this story. that's all i can tell you. we got an errant e-mail, and that's how we got this story. [laughter] the e-mail laid out the effort by the big banks -- i'm not kidding you. it's a true story -- laid out an effort by the big banks as it's going on through a lobby called the financial forum, essentially, to get rid of this major post-financial crisis regulation. it's called the gsib surcharge. globally systemic investment banking surcharge. that's what it stands for. it's a big thing. it basically is a capital buffer for all the big banks just in case things go wrong as -- liz: call it a rainy day fund. >> and you know what? here's the thing, here's what's great about this story. this story is written at a perfect time because today we got some indication of how banks are exposed globally to various gyrations. right now the bank stocks are off bigtime because they have, to some degree -- this is not the

just reported by charlie gasparino that tesla's ceo elon musk has hired morgan stanley to take tesla private. is this the right thing to do and does he make it? >> i think he needed to get wall street because of the bonehead comment. he kind of needed to get them back on his side. i don't know how you go $80 billion private without wall street's help. now the negative reports will stop because they want to get in on any kind of offer, taking it private, doing more convertible bonds. whatever it is, they want a piece of it so they need to bridge that gap. i was a little concerned he was running out of ways to finance it except selling flamethrowers, advanced purchases of cars and converting bonds and maybe a cryptocoin offering down the road. >> looks like a simple 10b-5 violation, s.e.c. rule for fraud, you have a verbal agreement, that's not enough. you have to have at least a term sheet. it looks like musk has violated it. what happens to him? >> i don't think anything happens to him, to be honest with you. he's a big player in the finance community, in the tech community. maybe he

also, let's take a look at tesla, as our own charlie gasparino, breaking here on fox business, we told you yesterday that morgan stanley stepped out and stopped their coverage of tesla. well this is why. elon musk has retained morgan stanley as his advisor for the tesla privatization attempt that we all heard about back on august 7th when he said he was taking the company private and funding was secured. so that is who he is is now hired as his advisor. tesla down a buck 54. we'll look at l brands. this is parent of victoria secrt and bed bath bodyworks. analysts hitting it hard, structure is not quite set. bed bath off and big laggard on the s&p 500. ad -- advanced micro got a late-day pop. connell: thank you, nicole petallides. melissa. melissa: china is responding with new tariffs of their own as president trump is attacking attorney general jeff session is jet again. hillary vaughn live at the white house. break this down for us. reporter: some senate republicans say attorney general jeff sessions days at doj are numbered. senator lindsey graham says he doesn't think president has

billions of dollars in potential liability from private lawsuits over elon musk tweets according to charlie gasparino. john coffey. he is our touchstone for issues like this. we appreciate you coming, professor. how liable is the company or elon musk from these private suits? >> those are two different questions. the company will say they didn't make a question. a proposal that has been made to it has not been clearly outlined yet. any liability will be mr. musk. mr. musk might have liability to the short sellers because they had real losses but actually the stock price has not moved in a way that means most shareholders have losses. it has come back about where it was before that original tweet that talked about financing secured. david: right. >> so i don't think there is huge loss there is. when they made the second disclosure this week, that was the corrected disclosure that probably cut off the windows for anyone to bring a suit in. i don't think there is a problem with the private suits. david: you make a distinction between the liability of musk himself and the company in general. the sec, com