charlie gasparino. ashley webster. we're at session highs as we take to the bell.ain of dow jones industrials of 550 point. [closing bell rings ] blue wave, red tide, never came about. the purple puddle "usa today" called it. melissa: gridlock in nation's capitol. attorney general is out. stocks surged after republicans expanded majority in the senate but democrats will take control of the house of representatives. defiant president trump commander-in-chief unleashing on media at the white house during intense news conference this afternoon. it is official, attorney general jeff sessions handing in his resignation. under the new congress it could be new challgi

charlie gasparino broke this story for us today. rested is president trump on the twitter. what can you tell us about the story, charlie? >> if you're a betting man, a betting woman, to be accurate here, on wall street you would have to think that the chances are rising dramatically that the justice department is going to open a civil investigation into comcast after the aca, the american cable association, after we broke the story about their letter to the head of the trump doj, about why there should be an investigation to comcast. this story is up on fox business where they lay out some of their concerns that comcast is squeezing rival distributors by with holding content like nbc universal, essentially, forcing the rival cable operators to pay up for that content, thus hurting the consumer. we reported it and no sooner did we report it that donald trump, the president of the united states, retweeted our report. and, i added a couple lines of his own. you can catch that on twitter i guess. the real question what does the justice d

liz: charlie gasparino, thank you very much.we come back, we'll have just a few minutes on this friday to see how this crazy day ends. dow is down 121. n independent fl advisor. it's our name on the door. we are accountable to our clients everyday. we have the freedom to build a plan. a porfolio based specifically on their needs. we're fiduciaries, stewards of our clients' money. entrusted to do what's right. it's a mission. a guiding principle our firm lives by. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com . . difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering seven things every medicare supplement should have. it's yours free just for calling the number on your screen. and when you call, a knowledgeable licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free and there's n

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charlie gasparino running to our set right now. he's running fast. rmation on a golden parachute and if mr. moonves will ever see a penny of it. charlie breaks it down, next. as one of the nation's largest investors in infrastructure, we don't just help power the american dream, we're part of it. this is our era. this is america's energy era. nextera energy. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. susan: goldman sachs is initiating coverage on the shares of the tv giant cbs. they are holding it at neutral amidst a new chapter in the les moonves sexual misconduct scandal. the stock is fighting back this hour after spending much of the morning in negative territory. we're up barely, just about half a percent or so and this owes to the blistering "new york times" report accusing the former cbs chief of bribery and a variety of o

charlie gasparino.ooks bearish for today. down 429 points for the dow. technology stocks leading way down. the guy who saw technology part of this coming together, a peter elias, well-known market bear. how that translates to the rest of the markets, peter is looking at that. after this.e ju ♪ you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away. taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a chance at completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection, symptoms, or received a vaccine or plan to. inflammatory b

charlie gasparino has been all over the story. even president trump took notice. big trouble with comcast. then he goes on to quote charlie gas a tri -- charlie gasparino. >> aren't republicans free market guys? i have heard more talk of break up trusts and monopolies under the republicans. >> two people leaning on justice, one is a lobby group information comcast competitors. the other one is the president doesn't like companies that own channels that say means things about him. >> except for the "tribune." he's good friends with david smith and was supportive of that merger. but as it relates to all of these mergers. it all seems very subjective. the regulators keep coming out with these lawsuits would be matter how many times they fail. >> part of strong markets is markets believing administrations will stay out of the way, and if companies want to merge, they will merge. i think it's a big mistake and too much rhetoric from the president on the two words i hate most of, and that's anti-trust. >> mr. president, if you are watching, everyone at baron's has been

imagine being charlie gasparino's.ut on. >> you don't have to stop me from smoking pot on their project to stop me from saying other things. neil: that would only make you more elusive. >> attests a board member is now becoming the chairman. the chairwoman. we should point out why this is happening because the sec investigation in settlement over the so-called funding secured tweet where he had to go private but he didn't, part of the settlement deal with the sec and that he had a point, somebody to chair the company. he appoints a chairwoman in this case, rob and at home. superficially the day this is a great choice. and she was pretty good by reining in costs. that's only part of the story. she was selected to the board by mr. musk. remember she is already on the board. he played a role in choosing the chair. so you've got to ask yourself, if he plays the role of choosing her, if you put her on the board, how independent is this position going to be, which is exactly what the sec wanted. they wanted an oversight mech

let's go to charlie gasparino, kathy arue. we were also dealing with apple moving into bear market and other developments. this rattled folks. i don't know why. it was well-telegraphed she was taking over that financial services committee and was very much against some of the easing up on regulations and pressure that washington would still hold over banks. why was this such negative news? >> it'se. let's be clear that trying to track down on certain risky activities among banks isn't the same as cracking down on them. it means that what they call systemic risk will have a new address. it can be somewhere for a nonbank firm in the u.s., could be overseas. you're not going to change the desire of those with savings and investments to get them to their highest use. all maxine waters is doing is weakening u.s. financial institutions and limiting their ability to do what they do best. is it any surprise that markets would correct based on this? >> charlie, it's only maxine, only her committee, only in the house where democrats hav

charlie gasparino. big controversy and big discussion here, big movement. >> yeah. by the way, are you tango'ing over there? liz: no. i'm eating empanada. >> eating good italian food, i hope. a couple things that are really interesting here. i'm getting a little blowback from somebody else. there's something in my ear that's going to make this difficult. i will get through it. one of the more overlooked parts of the at & t/time warner merger is the fact that at & t cannot sell certain aspects -- certain assets. they have to keep certain what's known as must-have assets in a separate company. they can't totally integrate it. one of those must-have assets is cnn, obviously. they're not trying to sell cnn. it will just give you an idea of just how difficult this merger is to complete, as the justice department is going out and essentially trying to upend the merger. they have to keep certain assets separate. one of those assets they do not have to keep separate is hulu. from what i understand, they are sho

charlie gasparino. industrials up 131 points with about ten minutes to go before we hear that closing bell ring and shut out the week. what a day yesterday. a snovember to remember, destroying the commute of millions of new yorkers last night, making many long for sunny beaches and frozen drinks. snow-cation stock is what i was stuck in last night. >> that's exactly what i was thinking yesterday. a september to remember, starts with a december to remember at the lexus december to remember sales event. lease the 2018 rx 350 for $429 a month for 36 months. experience amazing at your lexus dealer. . . to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if yo

he's got a new fund and charlie gasparino has the exclusive details.n't like mom and pop, right? >> i don't think your dad or aunt rose, aunt millie in your case, right? liz: kayla. >> kayla, will put $20,000 into this fund. from what i understand, the minimum investment was $500,000. but it is interesting that for the first time -- liz: you don't think my auntie kayla has 500 grand? >> minimum? maybe she does. liz: i don't know anybody who does. >> have you 500 grand, you were a brokerage client of ubs, that's what's interesting here, you can get -- you could have gotten the steve cohen hedge fund. couple caveats here. apparently the portfolio that you can buy .72, that's his new iteration, has been filled so you can't buy it just now. but it just shows that steve cohen, who has eschewed this sort of retail investor, and it's retail in the broadest sense. this is not little, little, little guy. he's now going after that, that client base. he has the deal with ubs. i hear he may look at other deals. for ubs it's very fascinating. it's also risky. steve

i'm giving charlie gasparino all the credit for that. >>> when we come back, we will be just minutes away from, of course, that closing bell. you got to see how this one ends. your company is constantly evolving. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. . . your low blood sugar risk. common side effects include nausea, diarrhea, vomiting, abdominal pain, and decreased appetite. these can lead to dehydration, which may worsen kidney problems. to help lower my a1c i choose trulicity to activate m

joining us, charlie gasparino. you have new exclusive details on what is ge doing to save itself at this moment? >> yeah. you can't say they're not doing anything. they know there is an existential threat to the company. they are rapidly deleveraging and i'm going to explain what that means. sources are telling the fox business network they are working with wall street bankers on restructuring asset sales and possibly raising capital. two of the banks we understand they are working with is jpmorgan and goldman sachs on these various scenarios to deleverage the company. company has a lot of debt, has a big pension liability. the company's ceo says it doesn't have a cash flow problem, it has cash, but they must deleverage and this is what they're doing. they are looking to sell stuff and maybe radically transform the company. here's something interesting. sources inside blackstone say the pe firm is having significant discussions internally about ge's assets. it is weighing numerous scenarios including possibly buyin

mike murphy, charlie gasparino all with me. we can all participate together. thank you for your patience and indulgence. you can make the argument that it's not the president's turn as he thinks about or what he will no doubt say, all right, finally the federal reserve chairman is doing the right thing. he might not, but he might think it. then it would be incumbent upon him to come back from argentina in the g20 with at least the framework of a framework of a deal with china, with net? >> i think we have to be careful in terms of where the rhetoric goes in the policy actually are. if we make these on good data driven decisions that is one thing. if we are all doing this run politics, that is part of the problem. as you well know, the presidents usually get more credit and take more blame with the economy. the underlying principle we've got to get to is when we allow the government to be so involved in all of this, the government starts picking the winners and losers. and that is bad for american business. it's bad for american consumers. neil: if the presiden

i believe one of our friend at the network, charlie gasparino said he thinks people all over this city of every single background would much rather have city government determine which building know goes where, how height would be, who gets to live tonight, and what the rents will be. is this a glimpse of what we'll be facing he puts his hat into the ring in 2020? actress alissa milano says georgia opposes democracy. wait until you hear from liberal hollywood is saying now. insurance that won'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. ♪ starts with a december to remember at the lexus december to remember sales event. lease the 2019 es 350 for $399 a month for 36 months. experience amazing at your lexus dealer. for 36 months. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue

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charlie gasparino is getting into the weeds and there is more to it than that and more overworrying. you talk to the banking industry, i do a lot, the people there, i was first to delve into the maxine waters story over last couple days, does she pose a big threat to the banking industry because she is a rabble-rouser and populist. she represents her district very well, been there a long time. being in line to head the financial services committee, over jeb hensarling if they win congress. they are not that worried about it. people close to maxine waters, they say they're not number one on her agenda. when i really delved into the story. the democratic party is kind of beyond beating up on banks, like elizabeth warren will always have that, as a party, as populist, sort of message they want, that they want to bring to the table, if they win the house, will not necessarily be about banks. the biggest target, i found, will be, tech firms. that they really believe that's where there is a populist, sort of message that they can deliver on how tech firms use or misuse privacy. >> tech fir

yesterday which was quite a sight to see largely a see largely on the exclusive reporting of charlie gasparinonow for the news room. charlie: ge is up today basically the best day in three years and it doing now because as we report it is now continuing the latest asset in the baker hughes subsidiary. announce that today. not that long after our story said they were basically doing a fiery guard sale of assets to pare down the company amid really investor concern, not just whether it's worth $8 a share. it is more along the lines isn't a viable entity. if you see the trading in its credit default swaps, insurance contracts on its debt has gone up. that means people are betting increasingly that it could default on its debt. not meaning it will, but it could. when that happens, and prices of credit default swaps go up and they've gone up dramatically on ge right now. this is a company in crisis. current management under the ceo and as they reported to have at least two major investment banks, goldman sachs and jpmorgan lacuna selling additional assets. here is what we don't know, connell. wheth

charlie gasparino coming up. business groups are bracing for idea that democrats are taking over in the houserepresentatives, maybe they will enact policies not friendly for small business, hike being taxes that kind of thing. but the question do the democrats have the ability or power to raise taxes without republicans? the answer comes from charlie gasparino, the answer is not really, right? >> i like to say screw them over, do they have the ability to screw over business, stop the economic expansion. connell: that kind of thing. >> put people out of work. connell: minor detail. >> unfortunately for nancy pelosi she cannot do that. connell: right. >> here is what they can do. i think this is where markets could get jittery off of this. they will clearly hold a lot of hearings. they will release the president's tax returns. they will investigate ivanka's private email account. they will look at voter suppression in georgia for the governor's race, there is no doubt about that. connell: right. >> they will look a

i believe one of our friend at the network, charlie gasparino said he thinks people all over this city of every single background would much rather have city government determine which building know goes where, how height would be, who gets to live tonight, and what the rents will be. is this a glimpse of what we'll be facing he puts his hat into the ring in 2020? actress alissa milano says georgia opposes democracy. wait until you hear from liberal hollywood is saying now. i'm ken jacobus and i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? starts with a december to remember at the lexus december to remember sales event. lease the 2018 ls 500 for $769 a month for 36 months. experience amazing at your lexus dealer. it's a revolution in sleep. the new sleep number 360 smart beds are on sale now during ultimate sleep number week. it senses your movement, and automatically adjusts to keep you both effortlessly co

smith, mike murphy, charlie english and charlie gasparino gas. gang what do you think about this?> the fed said the key thing i take out of it, the fed said they're going to look at the data. they are not saying we'll keep hiking regardless. as long as data, economic data supports higher rates, i think a few quarter point rate hikes will not derail this economy at all. david: we did end stillst that , right? >> absolutely. we were up over 500 points yesterday. to get the no selloff or give-back with the volatility throughout october, to have no selloff after yesterday's huge rally i think is a big plus for the bulls. >> i don't think the fed should matter that much of itself to be honest with you. that is what scares me a little bit about this. economy is doing great. we're having marginally higher interest rates. like a real investor put their money in treasury bonds, instead of stocks, from a little tiny increase on fed funds rate, mild unwind of long end when fed unwinding the portfolio, which means it sells bonds, interest rates go up, right? why should that be a big deal. got

charlie gasparino what that shift could mean for washington? >> it could be pretty crazy.'s say it doesn't shift, less crazy, right? paul ryan is retiring. jeb hensarling is retiring, head of the financial services committee, someone we pay attention to. there will be different people there. kevin mccarthy and jim jordan may fight it out for the speakership. jordan will get some leadership position if mccarthy gets speaker. i keep hearing frank lucas of oklahoma as possibly financial services chief. unclear. there will not be major policy differences. if the democrats control all bets are off. these are the names you pay attention to, axe mean -- maxine waters, adam schiff, jerry nadler. schiff for intelligence, maxine waters at financial services. all four from what i'm hearing, from people close to them have their guns loaded for president trump. the conventional wisdom, maxine waters, for example, at financial services would be trying to screw the banks. don't think so. not getting that impression either from the banks or from people close to her. her main emphasis will

charlie gasparino is here. we did invite mayor de blasio on the show.haven't heard back from him. >> i wonder why. >> charles: yeah, it's so nuts. >> it's funny. juxtapose him from the president. the president says crazy stuff, right? but his policies are conventional normal. this guy sounds normal, but his policies are so out there, he's so radical. he's even radical for new york city. i used to cover new york city government and politics for a long time. he used to own stuff. reverses that trend started with dinkins to guliani. it's unraveling that. it's hard for a government to be this big and operate efficiency. this guy wants to turn back the clock. it's interesting that he wants to turn back the clock as he cuts a crony capitalism deal with amazon. really is a shame that this guy is still mayor. people -- "the new york times" did everybody a disservice. when he was running for mayor, running against a moderate business friendly democrat named bill thompson. i know him well. before the election that put de blasio in there, they should have ran the

we are getting from charlie gasparino, this has been tossing up on yahoo finance. warren buffett bought a stake. here is "the five." >> jesse: i'm jesse watters with morgan ortagus, geraldo rivera, kennedy, and greg. it's 5:00 in new york city and this is "the five" ." secretary of defense james mattis visiting with u.s. troops at the southern border today as a breakaway group of a few hundred migrants from the caravan reaches tijuana and is seen climbing the border fence. secretary mattis saying he's confident about securing the border as the caravan arrives. >> i am 100% confident we have the number of troops at each of those ports of entry to complete what we've been asked to do prior to the arrival of the large caravan. wherever they choose to go. >> jesse: mattis strip comes amid reports president trump is considering replacing homeland security secretary kirstjen nielsen. trump sang a decision could be coming shortly. the question on capitol hill, will republicans finally be able to get funding for the border wall? congressman jim jordan urging lawmakers to m

last but not least, fox business senior correspondent charlie gasparino peter jonas and adam are both fox contributors. shares of apple sink in after hours despite earnings and revenue. investors scared by disappointing outlook for this quarter heading into the holiday season. guys, what did you make of it? the stock down about four and a quarter. lauren: i think it's going to turn around, david. record profit once again. record sales. they are showing that more expensive iphone serb boosting their selling price and we may not be upgrading as often as we usually do but we are still upgrading those new phones come expect that those look really good. >> except they're too expensive. you're not getting this as a gift anywhere once they got around a thousand dollars. interesting they can charge so much for a phone and in a few days it makes you wonder how high can they go? $1300 phone. what's the price point to make some and such to samsung. maybe much higher than anyone thinks. >> there is no christmas take away yet. nothing here that says anything about christmas. i don't there's three,

charlie gasparino is here on that and more. sometimes we talk about forward looking indicators and backward looking indicators. >> it's kind of interesting in the middle of a market selloff people are giving him credit now. listen, the economy is better. it has to be sustainable better. i think one of the problems that the market sort of is highlighting is that you had a corporate tax cut in december. if you look at the dow from about the time of the corporate tax cut to now, it's been up and down but it's essentially flat. why is that? well, i think trade was the initial fear, a trade war priced into the market slows down the economy, slows down corporate earnings, bad for stocks. now it's not just trade, but it's interest rates and it's one other thing which adds on to the interest rates. does the corporate tax cut provide the bang for the buck that we need in terms of gdp growth, so we don't have massive deficit. connell: is the answer no to that? >> it's a debate in the market. i don't know. 3.5% growth, if it's sustainable

liz: thank you very much, charlie gasparino. when we come back, market guru bob doll. don't go away. . . ♪ liz: breaking news. general motors fighting back after president trump tweeted his disappointment in the car giant and ceo mari barra after she announced layoffs. ashley webster has a statement from general motors. what does it say? >> we do, liz. saying simply, gm says many workers at plants affected by the production halt will have, quote an opportunity to shift to other gm plants. now the automaker going on to say it is committed to maintaining strong manufacturing presence in the united states. of course all of this after announcing those production cuts yesterday, the loss of some 14,800 jobs. feeling the wrath and pressure from the trump administration. gm says look, we appreciate the actions that this administration has taken on behalf of the inindustry to improve u.s. manufacturing competitiveness. actions for the company to for long-term success, and growth and jobs. it is coming back at the administration although softly, softly. liz: the stock is still

smith, mike murphy, charlie english and charlie gasparino gas. gang what do you think about this?fed said the key thing i take out of it, the fed said they're going to look at the data. they are not saying we'll

charlie gasparino is next. [ phone rings ] what?! ready for christmas?o, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. so lionel, what does 24/5 mean to you?rade well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪ you're not gonna say it are you? liz: tesla getting the green light from its investors. we do have the stock moving higher by half a percent on 6.6 million shares moving. the electric vehicle maker getting a green light fro

charlie gasparino. special thank you to all the veterans by the way, planning to have some sort of homage to all of you who served this country notably, my floor director among them. the next fellow, charles payne, market genius, served this country nobley and bravely in the air force. i did play with fi joes. -- gi joe's. charles: i'm charles payne. this is making money. tech stocks, especially apple driving the selloff. dozens of people are dead, hundreds still missing. several wildfires are burning across california. we have a live update for you there. and now the dems, now that they won the house will there be a war on a lot of things rather than legislation? all that and a lot more on "making money." so with over 90% of s&p third quarter financial results in the books, i think it is time for an assessment, look ahead. first tariffs were a bigger problem for financial, financial commentators than the corporations. in fact i think most investors would be surprised to learn that fewer companies menti

he then goes on to quote our very own fox business correspondent charlie gasparino saying this these guys are acting much worse and have much more potential to consumers than anything at&t and thyme warner would do. trump i think koaing calls for doj to investigate comcast business practices. boeing report withwith held information of lion jet calling 189 people onboard. "the wall street journal" reports that boeing didn't tell airlines about potential hazards in a new flight controlled feature on 737 max. the automated stall prevention system is investigated as playing a role in the crash. the journal says problem is that the system can push the plane's nose down so strongly that pilots can't pull it back up. this is affecting shares well it was i have to tell you they've just turned around they're now up by 97 cents in the premarket. >> meanwhile camp fire in northern california is now the deadliest and most destructive wildfire in the state. more than 40 people killed as president proves a disaster declaration. >> live outside the airport near los angeles, as multiple fires contin

charlie gasparino is getting in the chair next.i palmer) being a verizon engineer is about doing things right. and there's no shortcut to the right way. so when we roll out the nation's first 5g network, it'll be because we were the first to install millions of miles of fiber optics. and we'll be the first to upgrade the towers and put up the small cells that will power the smart cities of the future. when i started at verizon, i knew i was joining a team that was pushing the industry forward. now, with the launch of the only 5g ultra wideband network, we're doing it again. this time, changing the way we learn, work and live. and i'll always be proud that we're not just building america's first 5g network. we're doing it right. liz: i didn't mean it when i said crash the website. folks, guess what? so many of you went on sergeant aaron hale's eodfudge.com website to order chocolate and caramels for the holidays, to help his business, that the site has crashed. but we know the webmaster is working on it. what we need you to do is gi

we have charlie gasparino. daniel looking at this, what changed in six weeks? >> apparently we've gone from being worlds apart from neutral to just under. that is when markets really took off because they priced in exactly one more rate hike come december 19 and that's it. they're considering 2019 to be in complete pause mode and stocks took off. he mentioned that stocks themselves were not overvalued. he spoke about the obscure as most investors are concerned and the fact that there's this overevaluation. but markets looked passed that and focused on the fed is going to pause. powell is kowtowing to the president. >> neil: and optics are one thing. others saying the averages now are in positive territory for the year and december is a good month typically, right? >> yeah. >> you know what i think happened here? i think the president got to him. i'm going to use a baseball analogy. it's like when the manager goes out there and screaming at the umpire. the umpire doesn't change his view at the moment by he's in his head. the next time he makes a call, he's remem

charlie gasparino. ashley webster. we're at session highs as we take to the bell. gain of dow jones industrials of 550 point. [closing bell rings ] blue wave, red tide, never came about. the purple puddle "usa today" called it. melissa: gridlock in nation's capitol. attorney general is out. stocks surged after republicans expanded majority in the senate but democrats will take control of the house of representatives. defiant president trump commander-in-chief unleashing on media at the white house during intense news conference this afternoon. it is official, attorney general jeff sessions handing in his resignation. under the new congress it could be new challenging to approve a new ag anytime soon. markets think it is all fantastic. i'm melissa francis. connell: i'm connell mcshane. just your average wednesday. welcome to "after the bell." that is a quite a rally. up 543 on the dow, closing near session highs. the s&p 500 also ending up for the third day in a row. nasdaq, bounce back of technology, up by more than 2 1/2% today. we'll cover it all. wall street, to

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charlie gasparino running to the set with new information on what ge insider stockholder ars are saying and what moves are left in the arsenal to try to save one of america's most famous names in business. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a

i bummed into charlie gasparino in the hallway. his sources say they are not worried. raymond james came out with report, there is headline rick, not actual risk. believe it or not she has reputation for working behind the scenes across the aisle. melissa: i believe that not. i will take the under. you said believe it or not. i'm going with not. >> fair enough. but again the stock analysts who is covering banking says not to worry. i don't think it's a big threat. melissa: we'll leave it there, guys. thank you. terrific panel. great to see you guys. connell: charlie's reporting, as we look at air force one in huntington, west virginia. banker think they can have quote, down quote constructive relationship with her. melissa: were they drunk? connell: i didn't have a breathalyzer. president on his way to the rally in west virginia. one of two, huntington, west virginia, rallying voters in the mountain state. after that wraps up, he will head to another rally, indianapolis, indiana. melissa: amazing. connell: ohio on monday, a closely watched governor's race. tightening a

charlie gasparino, we can't see it on tv but you will give us the scoop. >> little background on this. disney bought fox's entertainment assets. as part of that it got 22 -- 21 regional sports networks, plus a majority stake in yes. that's the yankees entertainment network. there's now an auction going on for 21 of those. put yes to the side. why is the auction going on? they have to sell because it's doj antitrust rules. disney already owns espn -- too much overlap. here's what's going on. what we have learned is this exclusively. second round of bidding has begun this week. we understand from people close to the deal that the second round could end by the end of the year, early next year. the latest potential bidder has not put in a bid yet, this is fascinating, it's major league baseball. people inside major league baseball are telling fox business they are what's known as kicking the tires on a potential bid. why would they care about this? well, remember, major league baseball licenses out its broadcasts. liz: 600, we're up 600 points for the dow. >> digital rights, it basically

charlie gasparino joining us now with the exclusive details. >> i'm getting a lot of comments on my glassesams. >> people don't like them. what are you looking at? liz: i love them. i need them. >> i got a little cold here. that's why i was off yesterday. liz: thanks for telling us that. now we all feel sympathetic. >> the aca is a lobbying group representing midsize cable companies. you think the comcast/nbc purchase was over when the deal ran out with the justice department a few months ago, it's not. they're still under scrutiny. the justice department is waiting, monitoring whether comcast ever violates antitrust rules by using its content from nbc to screw over rival distributors. now, what's going on is that the aca, this lobby group, representing rival distributors, midsized ones, is we understand they are mulling a letter to the head of the antitrust division saying open up an investigation now. they are using their potential as a massive company, a massive distributor, a monopoly, maybe, to squeeze the smaller rival cable distributors by keeping or threatening to keep the nbcu cont

last but not least, fox business senior correspondent charlie gasparino peter jonas and adam are both

charlie gasparino is here right now and with the embattled auto ceo. what he's doing to fight back. >> with his position with nissan? liz: he was the ceo and they are going to terminate him. >> is not terminated from there either. not officially. listen, right now what you have at nissan is them trying to figure out how to essentially spin this going forward. at least that's what i'm hearing from people internally. do they cut him totally off, do they blame him totally, does this have any impact on nissan? anything internally that they should've known that involves him. right now you have a lot of internal people looking at those now. the other thing is we're waiting for something from ghosn. liz: he's in prison still and the word is that carlos ghosn could be held there for weeks with no lawyer present. >> is interesting because we've also heard about their shopping for a pr guy. liz: from a payphone in the prison. liz: the word is he's out there. this is going to be a long drawn out thing and is looking for something. there were two names that have f

fox business network charlie gasparino has been all over. i thought i heard you say she would work with wall street. since then we have heard more rhetoric and feels like i'm not so sure. do you think that she will work with wall street or is she going to go to war with wall street? >> first off, i have to say i went to the same high school as ocasio, cortez. i want to throw that out there. >> charles: 30 years ago. >> she is going toll will will will relationship with big wall street firms and banks. she is not going to go after them totally in a sort of broad sweeping way. she is going to pick her spot on stuff that matters politically. the two banks i hear crosshairs wells fargo for one and obvious reasons. california bank. she doesn't believe they served her district very well in minority and poor communities through lending and banking activities branch building in these communities. she represents as you know south central l.a. the other bank i hear that's in her crosshairs firmly and this may nit what she said about looking at interna

it's adding to intrigue in washington and where this is going, charlie gasparino is here. >> listen,w both of these men personally. i don't donald trump for a long time, like him. i mean, if he so we, -- he was handling donald trump dirty work. when michael cohen pitched his book, one company bought it, when he was given stories about pretty tough about how he used to get in there and because opponents -- deep the hell out of his opponents. train tuesday raided his. >> and he was like a luca brodsky for trump. the publishers would say can use that story and he was like no, no. if this guy was so weak, why did he hired him to be for so many years. >> he was running around for a long time. he is looking at the business now. neil: this is more akin to business dealing. neil: kovac not even decades to 2013, 12. there's a lot of stuff in there about how his kissing up to vladimir putin. go back to his twitter page. >> that is what the issue was that he is working with prudent to get that going. this investigation is going far -- >> wouldn't be the first time. the leeward black dress had a

to my buddy charlie gasparino. i miss him very much when i am out.iss these great stories like his conversation, with the president calling him on his own phone. and all these latest machinations on the hill, bipartisan support for tax package. breaking news you're looking at a possibility that maybe democrats go slow on investigations? >> by the way, i missed you so much, i expedited your christmas present. knowing what a fashionista you are, this is the latest in fashion. everybody's got one. neil: that looks fantastic. >> it's a man's body, hoodie. neil: yeah. what is on the back of it? >> lots of hair. neil: excellent. if they prephotographed me. >> by the way, i bought that for you. neil: that is very nice. >> [laughter]. smells like a dad bod. has original scent. i paid extra for that. neil: what do you make of all this other stuff going on? they might go slow to get other stuff done? >> kind of interesting kevin brady doing the tax package. a gasp of a party that knows it is almost irrelevant in the house. neil: he thinks there is common groun

charlie gasparino is here in studio. couple of things. president trump saying that he would help nancy pelosi become speaker. all this as maxine waters looks to take the reins of the house financial services committee and maybe go after the banks. so let me start with the maxine waters stories that are out there. axios had one. there are others being written. you are on top of this. >> you kind of started this and i remember before the election you were saying maybe they could have a constructive relationship with maxine waters. here's the thing. i think she's going to want certain things out of the banks, campaign contributions, stuff that helps her community. it's a lower income community in los angeles. so that is clearly going to be the focus and i think the banks will, you know, you would see i guess better cra compliance. that's the sort of stuff that i think she would want out of them. but she will do some investigations and i think the investigations will not be broad stroke, unless she finds some massive sort of fraud or problems

charlie gasparino here on that and more. i don't know if anybody expected him to say he would step down as chairman. >> by the way, the record of having to split chairman and ceo is pretty mixed. connell: doesn't solve everything. >> ken lay was chairman of enron. you know what happened next. jamie dimon is chairman and ceo of jpmorgan. if you look at it, it's a pretty well-run back. jack welsh was chairman and ceo of g.e., it was a well-run machine. connell: this doesn't seem well-run, at least right now. >> i don't think that changes it. there are other structural things. they will come under a lot of heat from democrats and republicans. republicans don't like them because they think they are too liberal. democrats don't like them from the notion of privacy and that irks a lot of constituents, plus the russian stuff, you know. democrats believe russia used social media and facebook in particular to elect donald trump through fake stories and fake photo drives and things of that nature. that's the sort of vortex they're in.

and have much more potential for damage to consumers than anything at&t, time warner would do charlie gasparino," quoting gasparino earlier today on fox business this comes after today the american cable association called on the department of justice to open an investigation into the business practices of comcast nbc universal, which is of course cnbc's parent company, the aca saying they are "focusing on harm stemming from the dominant communication firm's control of cable systems, tv stations and regional sports networks," concentrating on some of the largest local markets in the industry tomorrow on "squawk on the street" we'll have maka makan delrahim about this and more we've reached out to comcast for comment and have not heard back yet. we'll back with that tyler, over to you >> julia, thank you very much. >>> democrats have not officially taken control of the house of representatives yet that doesn't happen until the first of the year, but already, some big companies are in their crosshairs ilan mui joins us from washington to explain. >> the dems versus corporate america next year. th

charlie gasparino on impact of all of that. not a shocker. >> i think it is an overreaction.ut in context the democrats control the house, not the senate. they have controlling the house, they have almost no oversight, ability to tell the fed, they have oversight. they have no ability to tell the fed, treasury department, securities & exchange commission, even the u.s. attorney's office, to do anything, to you know, turn the screws on the banking industry. so she really can't do anything. now she could hold -- neil: make their life hell though. >> she can do investigations and pick out the ones that she doesn't like but from what -- all the information i'm getting from people close to her, there are two banks in her cross-hairs. number one, wells fargo. it's a california bank. she thinks it is not done well by the minority community in california, particularly where they're located. and they have a lot of consumer-related scandal stuff still going on. remember the creation of phony accounts but there has been more stuff. they're somewhat in the cross-hairs. they know it. the

let's get the read from charlie gasparino. we do know this much.out the business deals. >> right. i think it's convoluted with business and politics, because trump was obviously, according to michael cohen and even himself now, had a two-track -- he was doing two things at the same time. he was running for president, winning the nomination, and looking to cut a deal in russia with the russian government, with operatives in the russian government to do the trump moscow hotel. neil: never came to pass. >> never came to pass. they got out of it. couple interesting things. the walmart ceo, great interview. really cracked me up on the bezos comments. where he was wrong is on mueller leaking. mueller does not leak. okay? what we know about the mueller probe generally is gleaned from people who have been interviewed by mueller. neil: i think he's also saying we know nothing i've seen -- >> that's the problem. he hasn't seen it. we don't know what he has. i can tell you based on some of the things -- neil: what if it's morphing into business deals? >> if y