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tv   Risk and Reward With Deidre Bolton  FOX Business  October 29, 2015 5:00pm-6:01pm EDT

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sale at the high-end department store called barney's. you can get the same look from walmart cutting the legs off. that would save you 415 bucks at least. there's a market for just about everything. that does it for us, have a wonderful night. "risk & reward" starts right now. >> we have $19 trillion in debt, we have people out of work. we have isis and al qaeda attacking us, and we're talking about fantasy football? can we stop? [ cheers ] >> that was new jersey governor presidential candidate chris christie giving a harsh warning during last night's debate. welcome to "risk & reward," i'm deirdre bolton. one of christie's points, gdp dropped today, u.s. economic growth is slower than thought. third quarter gdp at a low 1.5%. one former bright spot, housing showing slowing, pending home sales down for a second straight month in september.
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with me dan mitchell senior fellow at the cato institute. consumer spending slowed, less help from housing. how do you see the u.s. economy? >> it's been mediocre, not just this quarter but years, this is the weakest recession -- recovery in the post world war ii era, i think the reason the recovery is so slow is because washington is hindering and not helping the economy. deirdre: so today's gdp, to your point, slowest quarter since the first one of 2014. what do you see affectingly it the most? the strong dollar hurting manufacturing, weakness abroad, where is our weakest link? >> i think the main problem is, i guess the animal spirits. out of washington, you're getting more regulation, we have had taxes go up, government spending is rising at the fastest rate in five years, all these things are a burden on the productive sector of the economy. we want more growth, more job
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creation, we have to make it so it's profitable for investors and entrepreneurs to create jobs and build more wealth. i don't think that washington is helping in that regard. deirdre: to your point, nobody takes risk if he or she doesn't feel confident. dan mitchell, thank you so much, senior fellow and economist at the cato institute. that gdp print showing that slowest quarterly growth since 2014 in banking, slashing costs and reducing risk part of the reasons for deutch banc's 35,000 job cuts. pfizer trying to buy allergan, if it happened the biggest industry merger ever. with me is gary, how do you see the corporate moves? big job cuts, big m&a, how are corporations managing in this environment? >> well, look, as far as m&a, late cycle right now. companies can't grow business too well organically, they're
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going out and finding somebody else to buy. when stock prices are up and when interest rates are near zero, you can borrow money to do it and use stock prices currency. that's the story there. as far as deutsche bank, you are in 70 countries, you can't manage them well. you have to slow it down, pull it back, and unfortunately people lose their jobs because of it. that's not the first, plenty more going forward. deirdre: i was going to say, given about what you said there is more to come, in fact. the barclay's chairman said that bankers earn too much also. he said i used to run the market side of various institutions and i was never paid anything close to what people are getting paid in those areas now. gary smith, how do you see where we are? are we at a pivotal point as far as corporate health goes? whether it is mergers and acquisitions, job cuts, where do you see the biggest shift
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happening? >> we are at a pivotal point, the last point that chairman, boy, that's a liberal talking point that the bankers make too much money. democrats are going to grab that one and run with it. but the fact of the matter is deutsche bank points out, i disagree with gary slightly, it was a kind of a, you know, a mismanaged company. that may well be, but the fact is deutsche bank had such a tough time because of exposure to china. that's the story you're going to see, china is slowing down right now going to affect not only finance but manufacturing service industries across the board. i think to your point, we are seeing a pivotal turning point. you're going to see a slowdown in finance. other companies are going to report bad earnings. i think the economy is really starting to drop as witnessed by the gdp number. >> okay, hold those thoughts. we're going to continue the conversation in just a minute.
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we're speaking in a broader sense of economic health, the newly elected speaker of the house paul ryan presented his vision. >> how reassuring it would be if we actually fixed the tax code, put patients in charge of their health care, grew our economy, strengthened our military, lifted people out of poverty and paid down our debt. i believe in every fiber of my being, we can renew the american idea. deirdre: representative glen grofman with me from wisconsin. congressman, first of all, do you have home state pride here? >> absolutely. not just home state pride. paul ryan is such a nice person, you know? in life, they say nice guys don't come in first, here's an example of a nice guy coming in first, it was great to see him win that election today. deirdre: so a nice guy. he has a big job, though, for the safkt u.s. economy. how can he as new speaker be the most helpful to the economy right off the bat?
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>> well, some things, the national problems with commodity prices is going to be beyond his control. nevertheless, i think right now we have a shortage of people to work in the industries at least in wisconsin to do a better job of directing people in the manufacturing area, in the transportation area where we don't have enough employees. we have to do a better job of not paying people to do the work, so we're not pushing jobs out of the country and have to put the brakes on all the new regulations spinning out of the environmental protection agency, the department of labor, which puts employers in a difficult position. deirdre: as far as the work of being a bipartisan leader, of course, we know that ryan said he is going to turn the page, but boehner probably at some point thought the same. how can paul ryan really take this role and turn it into something new? >> well, i think you just have
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to use your committee chairs to educate people as to what the problems are with our economy, and educate people right now, our education system is not doing a good job of turning out employees. right now our welfare system is so overly generous we're discouraging people from working and do a better job of getting the word out there that taxes are way too high. deirdre: representative congressman, so glad to have you with us, glenn grothman from the great state of wisconsin, with us from capitol hill. starbucks releasing fourth-quarter earnings, meeting expectations, shares dropping in after-hours trade. amazon.com reporting shares hitting all-time high today. gopro flipside, plummeting, 15%, all-time low. missed earnings estimates and gave half the earnings forecast for the next quarter than expected. health and nutrition supplement retailer gnc down 20% on
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earnings disappointment. back with me gary kaltbaum and gary smith. gary kaltbaum, a range of stocks, what stocks and what industries do you like in the markets? >> well, look, first off amazon, google, both of them big gaps to the upside on very big numbers. the market loss of the mega cap stocks, going to include apple which i've been bearish on for the last seven or eight months, it sounds like the money crowd is back in that one, too. that is the place to go. starbucks was one of the names, the reaction not that great, the numbers are good and kicked you know what with the mobile and other things they're selling in there, so i think that's still in good shape. you mentioned gopro, it's a great example of a company that has kind of sort of one thing, faddish, amazingly it's bad enough they lowered numbers in half, they're doing it during the holiday season and tells you everything you need to been that company right now.
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deirdre: great point. that holiday season all-important for retailers. some getting 60% of revenue from that one month alone. gary smith, what do you like? >> well, i'm going to go through the stocks you just mentioned, deirdre. i love, love, love amazon, you can't live without it, and they have significant barriers to entry with the distribution center. that's one i love. the other ones, anything that relies on discretionary income because my premise is the economy is slowing, customers are pulling back, i don't like starbucks particularly, gopro, gary summed it up, if that was a song, it would be a one hit wonder, i don't know why anyone invested in that, a fad stock. i like stocks that you almost have to use every day and that have good barriers of entry. i like stocks like exxon, walgreen which is buying rite aid. i like amazon, i don't like google, stocks where i can't see how they can make a lot of
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money, though google does it on clicks and ad revenue. i stay away from stuff like that. deirdre: thank you very much, both giving clear insight and advice. gary kaltbaum and gary smith with us there. when we come back, a new report that isis is planning a mass attack. we will tell you where and how it has been thwarted so far? first up, a guest who says marco rubio is the clear winner of last night's debate and says it is the beginning of the end for the jeb bush campaign. >> you just listed a litany of discredited attacks from my political opponents, i'm not going to waste my time listing them all. this is another example of the double standard that exists in this country between the mainstream media and the conservative liberals. democrats have the super pac called the mainstream media. the mainstream media saying it was the greatest week of hillary clinton's campaign. it was the week she got exposed
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jeb bush:believes thatnt, wamerica's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east? but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message.
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call today at see car insurance in a whole new light. liberty mutual insurance. . >> you just listed a litany of discredited attacks from my political opponents, i'm not going to waste my 60 seconds detailing them all. >> barack obama listed the votes and the same newspaper endorsed him again. this is an example of the double standard between the mainstream media and the democratic party. the mainstream media saying it was the greatest week in hillary clinton's campaign. it was the week she was exposed as a liar. deirdre: one of numerous breakout moments for senator rubio. he took on the mainstream media last night and gave us more detail today on fox and friends. >> you've been a young man in a
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hurry ever since you won your first election in your 20s. why not slow down, get a few things done first or finish what you start? >> you get questions like the ones everybody got which were designed to get us to fight against each other or say something embarrassing about us and ask us to react. that's what the purpose of the questions were and it became irritating. deirdre: there you go, he had a powerful night last night. crystal ray with me now. democratic strategist kelly grace gibson. kelly, first with you on that point, there was also another comment that said hillary clinton has the best super pac in this country. it is the mainstream media. what did you think when you heard that? >> i mean, debates are for the -- debates are put on for a lot of reasons to ask candidates policy questions what they'll do if they're elected and put them under the gun, to call into things they've said on the trail. hard being president. you don't get softballs along the way.
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you get hard questions and they need to answer the hard questions, and for the most part marco rubio did a great thing, he heard the question-and-answered the questioned he wanted, do you think hillary clinton is the best super pac, no, i believe the media has a job to hold the candidate accountable for what americans need to know about them. voters needed to know how they react under pressure and i don't think whether or not you agree with the way cnbc moderators delivered that test it was an appropriate test for that forum. deirdre: intensitiwise it was at the right level. crystal as far as information, what did you learn? i felt there were numerous unasked questions, detailed ones, more about the economy, do you agree? >> i think what we learned in last night's debate is exactly what senator rubio pointed out. the hypocrisy in the mainstream media. wasn't just senator rubio, you also had senator ted cruz who
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you think in the first 30 minutes looked at the commentators and said wait a minute, guys, seems like the questions you're asking us, you're poking fun at trump. is he a comic book candidate designed to fight more than th. and i think that what we saw was strengths from a lot of the candidates and resettled the field. but i think unlike what kelly said, what it pointed out, the republican candidates did a great thing showing that the media is not objective when it comes to republicans. deirdre: all right, i want to go to jeb bush because he had a very tough debate. >> but marco, when you signed up for this, this was a six-year term, and you should be showing up to work. literally, the senate, what is it like a french work week? you get three days you have to show up. >> jeb, i don't remember you complaining about john mccain's vote record. the only reason you're doing it now is we're running for the
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same position. >> if they can't regulate themselves, the nfl needs to move away and there should be regulation. >> are we talking about getting the government involved in fantasy football? wait a second. we have $19 trillion in debt. we have people out of work. we have isis and al qaeda attacking us and we're talking about fantasy football? can we stop? [ cheers ] >> crystal, some say that jeb really needed a breakthrough event last night. he did not get it done. is that the beginning of the end? >> i think it is. the one high moment in the debate for jeb bush is when he turned to marco rubio, to senator rubio and said dude, you're not showing up for work, you were elected to serve the people of florida. he makes a valid point, as we know there was a huge "washington post" front page story that senator rubio gave an interview to the reporter and said i'm bored with the senate, i'm not running for re-election, i don't feel i
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have to show up. after that moment jeb slid, slid down and you're going to see him tank further to the single digits. he's going to be in the bottom of the pack. deirdre: unfortunately the moment i saw him the most animated is talking about his fantasy football team. but kelly, i want to ask you is this just about money? cutting to the chase, and meaning if jeb bush does drop out senator rubio may have a chance at getting local florida money? >> i think that, yes, all of the republican candidates would love all of the other ones to drop out because there's only so much money to be given and a lot of people on the stage right now. i think that jeb bush's campaign came up with a strategy to highlight senator rubio's voting record, and that's what they were running with. discipline of strategy and a campaign is the essence of getting things done. if it didn't work out marco rubio answered that back and forth really well, and unfortunately, it didn't play in jeb bush's favor, and yes, it would be amazing for senator
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rubio if jeb bush dropped out. i'm not sure that's going to happen in the near future. deirdre: he's just getting started, that it's a long race, i think most people anticipated that donald trump, for example, that he would run out of steam by now but that clearly has not happened. kelly grace gibson, chrystal wright, glad to have you here. fox business going to host a great debate tuesday november 10th. numerous pointed questions how you and your money will be affected. foxbusiness.com channel finder, if you go there, you can figure out how to watch it. a new report, the islamic state is planning massive attacks, so far thwarted but we'll share what we learned. russian warplanes buzzing the u.s.s. ronald reagan warplane today. k.t. mcfarland is here, her implications with the relationship with russia. brent bozell is here, he says last night's debate was a
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classic case of liberal media bias. hear the moderator's questions, decide for yourself. >> i don't think it's atypical from what you see among most people in the mainstream media. privately they believe they are smarter than the people running and can't wait to show off in front of buddies by asking a question they think is going to embarrass, especially the republicans. >> the moderators last night were awful. >> a crazy set of moderators with not the best questions in the world. >> very frustrating to be on the stage.
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. deirdre: britain's spy chief warning that isis is planning an attack on the country. the mi 5 director general andrew parker says the current threat from home-grown terrorists is the highest level he's seen in his 32-year career. k.t. mcfarland is with me,
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former assistant deputy of defense, the fox news national security analyst. this is scary, the home-grown terrorists planning and andrew parker gave the number of how many have already been thwarted. how does this, what does this mean for us here? how many are we facing every day that were thwarted. >> this is the significance of what he said, he talked about mass casualty attacks. what we've seen in the last couple of years are not mass casualty attacks, it's been either citizens, western citizens, united states, british citizens, they go, learn how to fight in syria and iraq, come back, they might commit acts of terror but not mass casualties. second thing is they're recruited online. they never train in the middle east. they are recruited online. first time you notice them is when they emerge from the basement. deirdre: andrew parker said this is the first time he admitted in public that the u.k. is now going into the computers, cracking the code, basically invading privacy.
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>> not invading privacy. this is not an invasion of privacy. this is defense of the nation. the third thing that worries me, and he didn't talk about this is what's happening with the refugees? there are probably a million refugees, mostly men, 80% are men between 18 and 35, even if a small percentage of the million of them are terrorists that are sort of scattered in and hidden among the refugees what do they do when they get to europe? and the second thing is even if people aren't terrorists, there are no jobs. state economies are stretched to the limit. they're not going to get processed. a cold winter, are these potential recruits down the road? deirdre: dealing with frustration and that just -- speaking of frustration. two russian warplanes buzzing by within a mile of the u.s.s. ronald reagan aircraft carrier, so the u.s. navy launched four fighter jets in response according to a source.
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are we getting closer to a head-to-head conflict with russia? >> i think what we're seeing, and we'll see a lot more of it in the next year, other countries realize lame-duck president, he's withdrawn from the world, we're going to get what we can while the getting is good. you've seen it in the chinese, trying to claim territory, russians in the middle east. seeing with iran trying to expand its influence, and so it's kind of like everybody senses there is blood in the water, we're sharks, we're going to see if we can get what we can get. you'll see more and more pings that other countries are going to do. they're not doing anything necessarily illegal but getting into america's space. the question will be how do we respond? hopefully we push back because it's only going to get worse. >> the messaging is we're not going to do anything about it. >> we're a beta dog position and we have a lot of alpha dogs, we need to man up and stand up. deirdre: k.t. mcfarland, good
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have you here, the fox news national analyst. apple having a record $180 billion in cash overseas, should you put some of your cash overseas? we'll ask an expert. first last night's debate moderators called on for some questionable questions, if you like. we're going to show you a few of them, when we come back. >> is this a comic book version of a presidential campaign. >> why not slow down, get a few more things done first. >> in terms of all of that, your board fired you. >> why would you serve on a company whose policies seem to counter your views on homosexuality?
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. >> is this a comic book version of a presidential campaign? >> you're skipping more votes than any senator to run for president. why not slow down, get a few things done first, and finish what you start. >> in terms of all of that, your board fired you, i wonder why you think we should hire you now? >> the leading republican candidate when you look at average national polls is donald trump. when you look at him, do you see someone with the moral authority to unite the country? deirdre: questions from last night's debate and the gop candidates responded. >> the questions that have been
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asked so far in this debate illustrate why the american people don't trust the media. nobody watching at home believes that any of the moderators has any intention of voting in a republican primary. >> the democrats have the ultimate super pac called the mainstream media. >> i'm wearing a trump tie tonight. get over that one, okay? >> do you want me to answer or do you want to answer? >> even if you want to answer -- >> in two minutes i renegotiated it down to two hours so we can get the hell out of here. not bad. deirdre: brent bozell with me now. you say last night's debate was an example of liberal media bias, i want to know where you thought the biggest opportunities were missed? >> for the moderators or -- >> for everybody. not as concerned with the moderators as i am with the american public, what information did we not get because the bias was there?
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>> anything. look, what did they say they were going to do? they said this was going to be a serious discussion about economics, asking, asking ben carson about his space on somebody's website, asking about his position on gay. these weren't questions, and that was the panel. these were ad hominem attacks packaged as questions. one after another after another. this is something we say as conservatives, not like the media get together every morning at 8:00 at breakfast and say how can we skew conservatives? in this case it was the people who prepared this debate, got together, they formulated questions, formulated a package where they were going to go get and embarrass republicans, and it backfired royally. deirdre: i was going to say, the takeaway is that i feel like the gop and somebody said it just a few moments ago right here with me, resettled,
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reestablished even the -- there were a few fiery moments, but showed strength as a group. >> yeah, and you know the political director at nbc is suggesting this is all a planned, coordinated thing, nonsense. this was spontaneous combustion on the part of the republican party. this was where simultaneously as one -- it's as if the same ideas quick thoughts from everybody head, they had it with the attacks and one after another, the republicans turned and made mince meat out of the moderators, it was painful to see. deirdre: the crowd was very much with the candidates which is interesting as well. >> and it's not just, you know, deirdre, it's not just the crowd, imagine millions of people out there on social media erupting in applause, that's what happened. deirdre: speaking of social media, brent, thank you very much. brent bozell joining us. with social media, twitter lifts up, for more on the winners and the losers, we
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bring in carly shimkus, fox news headlines 24-7. you saw how many times people's names were hit, what they were hit for, positive and negative? >> this was by far the most interesting breakdown in terms of social media. first because we were talking about the moderators earlier, talk about that. the most tweeted words talking about the gop moderators, terrible, awful and bad. that is really telling, and that's because where was the substance? deirdre: in the kindness of terms it was very, very messy. >> exactly. there were no discussions on job growth and showed there. were no discussions on economy and the people were displeased. deirdre: what about the most twitter mentions, who got those? >> ted cruz had an incredible night. he crushed it on twitter and facebook. in one moment alone when he criticized the moderators he racked up 55,000 tweets in that one moment and the most tweeted
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candidate over all. interesting because donald trump usually wins that, and last night cruz stole the crown from trump. deirdre: best debate response. i know this is a category? >> that's very interesting. ted cruz was the most discussed on facebook. you can see that right now. the best debate response was marco rubio when he talked about the democrats having a super pacsa the media. people lit up on social media and he was the most googled candidate because of that response. deirdre: as far as how somebody came off his or her energy. we know dr. ben carson got lost with taxing gdp and as far as a human, he was amazingly likable. >> he's an interesting person to look at when we talk about social media because he's not very active on social media but received the most twitter followers. he added the most during last night's debate,ing and it's because he has the softer approach.
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he draws people in, and people responded well to that last night. >> i was going to say he had the crowd. at least two points i can think of with a dicey exchange with one of the moderators. >> absolutely. deirdre: as far as who got the most, you told us dr. carson had a lot of twitter followers added. who else? >> dr. carson had the most twitter followers added. rubio also did, and this is interesting. first time we're seeing trump sort of take the back seat to other candidates because my gosh trump spends so much time tweeting, puts the focus on social media. this is the first time people are catching up with him. deirdre: there were jokes, wow, trump has been quiet for 22 minutes. buy lotto tickets. carly shimkus, fox news headlines 24-7. nobody negotiates like trump, speaking of -- >> these folks, cnbc, had it down to 3, 3 1/2 hours, and two minutes i renegotiated it down
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to two hours so we can get the hell out of here. deirdre: our business expert is going to tell us how to wheel and deal like the donald. jimmy kimmel put in his two cents. >> there was controversy before the debate even started. some of the candidates were unhappy with the green rooms they were given. this is where the candidates and their staffs hang out before and during the debate, basically the candidates with the highest poll numbers got the best rooms and the other guys who didn't got upset. donald trump said this is the best room, looks like a buffalo wild wings, it's got everything. here's marco rubio's room. not too bad, leather seats, not too shabby. carly fiorina's room had a jacuzzi. why? it is not the bachelorette. this is the room they gave rand paul. for real. his team was very unhappy with
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it so they complained and got this room, which now he has twofolding tables and a dry erase board. board. if you're an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin, your doctor may be talking about adding medication to help lower your a1c. ask your doctor if adding once-a-week tanzeum is right for you. once-a-week tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes,
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it's active. that's the power of active management. . >> our country doesn't win anymore. we used to win, we don't win anymore. we lose on trade. we lose with isis. we lose with one of the worst deals i've ever seen negotiated of any kind. that's our recent catastrophe with iran. we don't win. deirdre: russia's announcing its plans to send humans to the moon by 2013. china announcing it is working on the largest supercollider by 2020. political commentator carry sheffield with me now. you say trump has a point. where do you see the u.s.' failure to reach? >> in the space race our budget
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has been cut by the u.s. government by the obama administration. i think that's unfortunate. we need to embrace stem. deirdre: stem is science, tech, engineering and math. this is where the growth is going to come from? >> from the government sector and we're scaling that back. government has been instrumental in the internet, for example. it's unfortunate this administration is cutting nasa. that being said, we have something where we are trumping, if you will, china and russia, that is in the private sector for space, whether it's elon musk or amazon with jeff bezos, we have private sector individuals stepping up where the government is stepping back. deirdre: carrie when you watched the debate was there one person who stuck out to you, even though this is your way, this is your candidate? >> couple moments. rubio was very strong, carly fiorina was very strong as well. i think that ted cruz had strong moments, it was a mix. i think that ted cruz really was able to position himself as
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someone who is more moderate than we had seen in previous debates. that was interesting. deirdre: great to see you, thanks for stopping by. carrie sheffield joining me there. speaking of the debate, trump in his closing statement, let's say he delivered one. >> these folks, cnbc, they had it down to 3, 3 1/2 hours, and in about two minutes i renegotiated it down to 2 hours so we can get the hell out of here, not bad. deirdre: jan jones is the author of the secret weapon, she has seen how trump negotiates deals. first and foremost from your experience, what makes trump a great negotiator? is that a true statement? >> i can't hear her. deirdre: jan, can you hear me? okay, so little technical difficulty there. carrie keeping me company here.
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it was a great closing line, right? i want to get the bleep out of here, i hooked all of you up and everybody was almost giving him high fives at that moment. >> they were, at the end everybody was ripping their hair out, people on twitter were frustrated that the moderators weren't able to hide the bias at all and they weren't prepared as well. deirdre: the format question, one candidate 90 minutes in didn't know whether it was time to rebutt, whether it was time to go back to the moderator. >> it was messy. deirdre: we're going to continue to talk about the power of negotiation, jan jones, we assume trump is a good negotiator, you heard me discussing it with my colleague, my guest, carrie sheffield. what is your take? true or false? >> i think trump is probably the greatest negotiator of our time. deirdre: okay. well that's good and short and sweet. what kind of advice can you
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give to people who maybe are entering a tricky situation for them? >> well, i'll tell you what trump says, he says negotiating is about persuasion, it's not about power, and you should have a goal in mind. know what you want, know what the other side wants, and then assess and decide from there. but always be reasonable and flexible because when you're flexible it leads to opportunities that you didn't know existed. deirdre: although the funny thing is he does strike us as flexible but effective. jan jones, thank you for the time. jan jones joining us, negotiate like trump. this week's earnings report revealing apple has a record $180 billion in cash stashed overseas. you should do the same with some of your money? our market expert will tell you. forget draftkings. the ceo of a start-up where people can put money who they think will win the race. we're going to bring you that guest and he's going to tell
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you how many dollars and cents are on each race right now. >> we have $19 trillion in debt, we have people out of work. we have isis and al qaeda attacking us and we're talking about fantasy football? can we stop? [ cheers ] if youthen you'll know howouth, uncomfortable it can be. but did you know that the lack of saliva can also lead to tooth decay and bad breath? well, there is biotene,
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. deirdre: apple has $206 billion in cash. 187 of which is overseas. max funds.com founder jonas max ferris with me now. first up, jonas is apple's billion dollar cash horde a problem for the company? >> it's a good problem.
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took almost a quarter trillion dollars in cash. that's a good problem. probably waiting for rules to change in the tax code, being be a onetime overhaul. they're playing it the smartest way they can. it's legal. they're taking advantage of bizarre tax rules where you can't bring it back, and without paying tax on it. deirdre: so without paying tax on it, does this somehow put apple in the cross hairs along with numerous other companies i should mention for seemingly dodging taxes? >> it does look a lot worse, i guess, it sounds like starbucks had a lot of heat for not pay anything tax in the u.k. for a while. it's legal, obviously, and yet it doesn't smell right, it's the most profitable company in history in some ways, especially now and more recent times with oil down, and it will open, if the wrong leadership or someone say the right leadership, if someone gets in and changes the roles,
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they should have booked this and paid the tax, you can argue they're losing money on currency abroad. if thing get worse and there's a onetime high tax this was a bad strategy and should have paid the tax though we have one of the highest corporate tax rates in the world right now, officially. deirdre: if you think apple was forced to repatriate some of this money that analyst calls or investor calls would change. i'm thinking of carl icahn thinking the stock is worth pretty much double where it trades now? >> the stock is priced actually like a lot of this money doesn't exist. earnings alone support the price. that said it's also taking into consideration some of this has to be taxed at some point. if they had a windfall and have a tax holiday where they pay zero tax on it, it would be good for the stock and take off by a lot. not 250 billion dollars in
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market cap but a decent amount. on the flipside it goes scombors they get a high tax rate on the money, higher than they pay now effectively, that could hurt the stock. in the grand scheme of things this stock trades on future iphones and gadgets not on tax strategies bringing money through low tax countries. deirdre: it's pretty big. jonas max ferris, glad to have you with us, glad for the insight. the ceo of a start-up is here, people are going to put down bets on which candidate they think will headline the ticket. he's our guest next. >> the democrats have the ultimate super pac, called the mainstream media. [ cheers ] . we live in a world of mobile technology,
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but it is not the device that is mobile, it is you. or building the best houses in town.
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or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your brand new business started. we're legalzoom and we've already partnered >> >> shouldn't what makes each of us a unique individual, help individualize our cancer treatment? now through advanced genomic testing,
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we may be able to pinpoint and diagnose what makes your cancer different, which can reveal precise treatment options that were not considered previously. with this important breakthrough at the intersection of science and technology, we've arrived at precision cancer treatment. the evolution of cancer care is here at cancer treatment centers of america. call or visit cancercenter.com to learn more about precision cancer treatment. so jill, i know the markets have taken a hit lately. mm hmm. just wanted to touch base. how did edward jones come to manage over $800 billion dollars in assets? huh. okay. here's our latest market outlook. two things that i'd like to point out... through face time when you really need it. so that's interesting, you know we had spoken about that before. it's how edward jones makes sense of investing.
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deirdre: betting on which candidate will win. the ceo of predict it, does just that, you have this site, people can make bets, after last night's debate, which candidate has the most money on his or her head. >> rubio saw the best jump in his stock. it is a stock market for politics. deirdre: this is cool, how did you think about this? >> prediction markets are interesting and accurate, it taps to wisdom of crowds. what people can buy and sell put their money where their mouth is. deirdre: rubio, you said, what about g.o.p. nomination? >> in terms of the nomination, rubio spiked up. he is at 49% right now.
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>> slowdown, a chart that you sent us here. rubio in yellow. candidates who win g.o.p. -- last night according to your site result, he won the debate. and according to this right now most money, most likely according to users he will get the nomination. >> correct. deirdre: number two, light blue line, still jeb bush? >> nope, number two in terms of getting notch tig is -- nomination is trump, and carson with 14%. deirdre: what surprised you about these results? >> these results are telling because it shows you on volatile the market is. a strag bedi bedebate performann the eyes of traders affects other markets. there were quite a few shares traded last night. deirdre: big volume for you. >> a lot of -- yes, a lot of
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shares traded. deirdre: john come back talk to us more, we have a year to go, we will have a lot of fun. ceo of predict it. thank youf for joining us here on "risk & reward," my colleague eliz mcdonald is joining me with making money starts now. charles: third g.o.p. debate in the books, rounding out top 5, he killed them in particular left leaning media. this chris christie, i don't know if this is enough to resurrect his effort he had a good debate, tied for third, ben carson, and donald trump, ben gave some details. and marco rubio a lot of people say won, i'm not sure. then governor mike huckabee, i thought his presence was felt. i

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