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tv   Mornings With Maria Bartiromo  FOX Business  November 4, 2015 6:00am-9:01am EST

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the controversy, 32-year-old was reported five times previously. in tea party, taking the governor's mansion. >> this is your kentucky, this is our opportunity. we will seek the future together but we will do it as one kentucky. republican and democrat alike. >> maria: meanwhile history will be made in asia. president of china and leader of taiwan to meet for the first time since the communist revolution of 1949. the meeting will be hosted by singapur, developing relationships across the taiwan. market expected to open in 20 points. it is early and we are anticipating a jobs number at the end of the week that may very well drive action as well as earnings this morning. in europe early action showing
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mix perform -- performance, 20 points, fractional move there. asia looks like this. pretty good moves in asia. the japanese market opened after holiday yesterday. the hang seng in hong kong up, better than 2%. look at kospi and chinese stock very strong t shanghai composite better than 4% overnight. more bad news for volkswagen, could affect including gasoline-powered cars. made allegations that the vehicles are also equipped with em education's cheating devices. extending sponsorship for another six years. the deal reportedly worth more than one and a half billion dollars, that's 15% higher than
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the current deal. for the first time, one of parent's top concerns, earn less than their pierce that attend research universities. breaking news now, poll shows ben carson in a tie with donald trump. blake burman with the details. good morning, blake. >> blake: search for dr. ben carson continues. a two-person race on the republican side. donald trump still holds the lead with 24 support among republicans, however, right behind him is carson at 23. the next tier includes the two senators who had their debate perform answers lotted last year, marco rubio at 14 and ted cruz at 13 and separation from there, jeb bush 4% nationally.
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no one else gets more than 3%. on the democratic side hillary clinton sees numbers climb within her party. she gets 53% and has an 18-point lead over bern. >> speaker3: sanders, however, potential general election matchups against republicans show she is mainly in the red when pitted head to head against five different republicans, take a look at this. she only beats trump. the poll shows she loses to carson by ten point and to rubio as well and to car sob and even to chris christie as you can see on the bottom. by the way, registered voters asked how they view a candidate favorably and unfavorably the highest was carson, the lowest was bush only 25% of voters view him favorably compared to 58. >> maria: wow, interesting numbers.
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>> michael: good to see you, what's your take on the polls? >> michael: can either of those men build on where they are right now. i'm skeptical of that. 23-24%. i've seen high 27 or 28% but they can't seem to break out of the 30% threshold and i wonder if they ever can. you've seen the sort of sorting with the other candidates, rubio, cruz, i think, coming into their own so far. you see in the poll, i think they are the ones to watch in big states. do those high numbers, i think that's a big question that isn't answered by the early polls because we just can't know how many more new voters those two
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are bringing in. >> maria: we just don't know the reality and the truth fullness of. mike murphy, what do you think? >> mike: i think pushing back against questions that a lot of the country seemed as unfair to say the least. that's where i'm really looking. where is the momentum? we have seen trump and carson, they have been sitting at the top for a long time. the momentum from rubio and cruz, who is going to be able to take vote from these guys, the key i think. >> maria: what do you think michael? >> michael: i'm looking at iowa, the first contest, there's going to be a battle between carson and cruz for wing of the republican party in iowa, very powerful and important block in that party.
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i think you're going to see a little bit back and forth at least from cruz towards carson. carson rises above it all, it's kind of weird, he is going off of the campaign, it's going to hurt his chances. it clearly hasn't. iowa voters are familiar with candidates and familiar with involved in elections, we are now 89 days away from the iowa caucuses, i think they are going to be more serious, all the polls in iowa and n are tracking with national polls which doesn't necessarily suggest that that's how they are going to be once we get into january and february. >> i think it's interesting we look at the poll results right now. cruz and rubio are the two outsiders. it certainly seems that way. of those four t democratic party which champions itself of party of diversity, we are the party of dream minorities, two hispanics and african american.
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it's going to come down to the two latinos. neither of these two are that. in the end, we are going to elect someone with political experience. i think it's going to come down with cruz-rubio race. >> maria: voters are going to be deciding. we are seeing donald trump step up political attacks against ben carson as he continues to gain ground. listen to the most recent one last night. >> dr. carson is lower energy than jeb bush, and i like him a lot. he's not for dealing, ben carson can't do that. it's not his thing. >> maria: any sign that trump maybe getting worried about carson gaining traction or is this more of the same? >> michael: it does follow the trump model. he goes after them. i'm not so sure it works this
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time for a couple of reasons. the carson and trump voter who might be considering either one of those two, i don't know how many of those there are. there's not a lot of crossover. ben carson has a built-in kansas city which is evangelical voters, americans who have been buying his books, reading the stories, seeing the tv movie with cuba good i think, jr. playing him. those are sort of a two-track that never really crossed each other. trump was better going after people like jeb bush, in the end he got to the heart of jeb bush's problem as candidate. these are two parallel cant dates -- candidates that don't benefit from going after each other. >> maria: don't forget the fox business network is teaming up with the wall street journal, this one will be focused on the
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economy and your money. tuesday november 10th, live from milwaukee, i will be comoderating that debate but things kickoff at 6:00 with trish and sandra for the republican debate, join us for 6:00 and 9:00 p.m. for the debates. it's going to open very strong. delivered better than expected as well. the company's vehicles are selling better than stronger than ever. that stock is going to be heavily traded as well. watch facebook shares today. in the premarket the stocks are trading higher, earning reports after the bell tonight. looking for earnings of 52 cents of share. mike, steve, let's get a catchup on earnings here. >> generally i'm suspicious of the high fliers, i think we've
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gone too fast, this market has ocd. >> maria: yeah. >> i think neither is probably correct. in the case of tesla specifically, this man is a winner. i would never bet against him, i do believe he's at the forefront of of the technology. tesla will be the real driver rather than the traditional company. >> maria: all of a sudden october happens, what happened in october, 9% gains for the market, mike, what does that tell us for the market? >> mike: everyone thought china was going to stop drewing and then in october people realize the world is not coming to an end and we can start to invest in some of the companies. as i look at the earnings reports, a lot of companies lowered the bar going into
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earnings similar to tesla, you are seeing a recovery of 20 points premarket. facebook is going to be very interesting, though, facebook, one of the wiggest companies out there, it hasn't sold off. >> maria: right. >> mike: i think they will perform. >> maria: you would buy it -- >> mike: i would not buy at 103. >> overall earnings has been a bad story. in terms of two consecutive quarters, in earnings we are already there. but earnings on the whole, there are many great stories out there and it's fun to find them and those lucky enough and smart enough to be in tesla, it looks like it's going to be a great day. an the whole, it's a time to be cashous. we are just right back to that summer range. i don't think we should yet be
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completely celebrating and popping campaign corks. >> maria: you think we would see more volatility by year end? >> i do. yes. >> maria: we will take a short break. emission woes spinning out of control, could add over $2 billion to the autoio makers -- auto makers cap. ministers failed to reach south china sea agreement and deadline , sab miller deal extended. we will be right back. ♪ ♪ ♪ ♪ can a business have a mind?
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a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul?
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>> maria: welcome back, the white house to review keystone pipeline . >> cheryl: good morning, maria. it is widely expected the president will will we ject -- reject the proposal. number one in the football rankings of the season. ohio state, alabama, and notre dame. members has beaten four teams with a better than 500 record. finally, we have some more trouble for volkswagen this morning. requesting more details and documents from the german auto maker after revealed that the
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company rigged additional 10,000 dical vehicles with emission cheating software. one of the biggest problem is porsche. it's really popular. i have to give it to the new ceo, we are going to get to the truth, there is no going back, but the stock is getting killed. >> maria: it's getting killed. things are getting worse if you look at the headlines. >> steve: all have gone through something spectacular, right? no, emingses can affect the general public. they can affect unlimited people, it's hard to quantify exposure as far as lawsuits go. this probably gets worst than better. >> maria: no one died here.
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>> mike: you can't really put a number of the amount of general public that that affects. >> maria: it's open-ended. >> steve: never underestimate trial lawyers. investors are smartly getting in front of it. >> cheryl: i think they are going to be okay, we have seen it with toyota and yes, gm is still struggling. they will come back. >> maria: 80 -- 800,000 more cars. e.coli cases are in the pacific northwest. stay with us. ♪ ♪
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>> maria: welcome back, dow holding positive territory for the year following the big rally, up 9%. biggest gain in market in four years. we will have the adp reading on private payrolls later this morning. that will give us a clue into what the numbers come on friday. chief investment officer with $80 billion in assets under management. good to see you, sir. >> good morning, maria. >> maria: give me your
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expectation, what do you think we'll see from the job numbers? >> i don't think we'll see a spectacular month but i think the fed wants to move. i was wrong. i think they have a reasonable chance that they are going to move in december at this point. we have a little bit of inflation starting to creep in some of the cpi numbers. we have a little bit of productivity growth that we have seen really in several years. two and a half percent of productivity on last job's report. we have a reasonable chance for a good holiday season and a fed move and optimistic sketch ario -- scenario. we can get up to maybe 20 times earnings with two and a half percent growth rate, i don't think we are going to exceed that.
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>> maria: not much big move from here? >> 100 points on the s&p over the next six to eight months. >> mike: you talk about the consumer and energy prices being down but not really seeing that trickling into sales in the stores. i'm in the camp that the holiday season is going to be very strong, you are going to see people spend money for the thing that is they want, do you agree? >> i do agree with that. if you look at the automobile sales, i think that's very telling. it's not just people are buying more -- excuse me, bigger vehicles, they are buying more vehicles. what do we have a seven-year high in automobile sales in terms of sales in units. >> maria: that's about it. they are not spending more money so far even though oil prices have been down so much? we haven't seen that spending that you're talking about. what's going to change their minds now? >> consumer confidence numbers.
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i think they actually held up well. we look at the federation for national retailers, 3-4% in the holiday season. >> steve: this is really late cycle right here. if you're right about the fed, that if they start to tightened, that late the global economy can handle that? >> i think the answer is yes, right. and i think that if we look at what's happening in europe in particular as an example, right, he doesn't think it's possible that they need another stimulus in december. i think that the stimulus does seem to be working at at a margin.
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the biggest wild card is china. made some pretty radical changes. their floor is 6 and a half percent. i don't think there's been enough to abolish one-child policy. >> maria: 9%. >> what we can expect for training extra risk in equities is relatively small. i think in order to justify paying more than 20 times for earnings, we have to see growth on a sustainable basis. i'm not sure i see the basis for that. therethere >> maria: there you go. tony, great having you today. we will be right back. thank you so much. ♪with fidelit ♪with fidelit ♪ ation
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maria: welcome back to "mornings with maria". with me today steve cortez and mike murphy, first your top stories at 6:30 a.m. on the east coast. ben curtis moving into his testicle tie for a long time republican front runner donald trump. and new quinnipiac poll has carson trailing from by one point well within the margin of verbage clinton still up on from by 3. from sharpening his attacks on cars and now. >> dr. carson is lower energy than jeb bush. he is not for dealing, he is not for making deals. maria: the president of financial leader of taiwan, for the first time since the communist revolution of 1949, posted by singapore developing relations with the taiwan strait. turning to markets futures indicate a higher opening for the broader averages on wall
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street, down industrials opened up 30 points moving equities, with a handful of economic data. factory orders under pressure, the jobs number out at the end of the week, early action in europe mostly to the upside. major averages looking good, the isn't the up 71 points, but isn't 1%, dax index in germany pulling back this morning down a fraction. in asia overnight nothing did danes, with the shanghai composite better than 4%.more b after the german automaker conceded the emissions scandal could affect a million more vehicles than originally inspected including gasoline as well. porche announcing it will stop selling certain models of wildly popular suv and it is allegations the vehicles are equipped with emission sheeting
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devices. the tskata saga continues after a fine by state regulators, google introducing a new feature that will make replying to e-mail easier than ever. the new smart reply option will respond to e-mails automatically with personalize responses. jo lin kent will have a full report coming up. we are always following developments in science and technology. i sat down with nancy brown, looking at michael milken, talking about efforts to cure disease and improve global health particularly with technology. >> approximately 10,000 life-threatening diseases. we have what we would be fine as yours for 5 to 600. we have a long way to go but with technology that has changed since i started these efforts 40 years ago, data storage costs one billion of what they were
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then. there are a million times faster. 8 billion mobile phones on the planet so you can access islam so cost is down, speed is up, access and so forth today week and look at these data challenges and part of our efforts particularly today, in singapore -- china, london or mexico or washington or new york has been to try to focus the costs of sequencing your genome. we are going to go back 20 years, it took a decade at least, it took 13 and cost $3.8 billion. today, one hour, $1,000. so we can now discover. everything we understood about medicine might change. maria: that is why we have so
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much more information. 20 years ago when we first met the genome it was so expensive as you say and 20 years later all this data. let me come to you in terms of heart disease, we know a lot more than we ever have so where have we gone from all this data over the last 20 years? >> this data has allowed scientific research to transform treatments for patients. if you look at 40 consecutive years heart disease rates have declined in this country, a lot of that is because of new technologies and new therapies. today is a new day. as mike said with all this access to new computing power, the technology companies that see themselves as part of the solution in solving these critical scientific issues we think a day is here the week and not only help treat people but prevent people from getting heart disease and perhaps find a way we can reverse.
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maria: is that what is happening? getting ahead of disease, we learn so much about her disease, change that diet as a result, learned a lot about cancer, stop smoking as a result, we are on the cusp of something big when it comes to the green. >> you are right about lot of things. a lot of things viewers don't fully realize is the number one driver of economic growth has been public health, prevention wellness and medical research, every life is precious, when we start talking about the economy, the amazing thing that occurred, life expectancy at the start of the 20th century was 31 years of age. one in five americans lost their life before they were 5 years
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old. it took 4 million years of evolution to go from life expectancy of 20 to life expectancy of 31. life expectancy is 71. why has southeast asia been this growth engine in china, increase life expectancy, 72% in two generations. people don't recognize, and white expectancy in the united states in the last quarter of 20th century. improvement in hard. maria: let me get your take in technology, the idea of sensors throughout the body, paul jacobs back in the clinical trial, your phone will call you to say go to the doctor, you are going to have a heart attack. what has technology done? >> technology has done so many things, it is providing new
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information for scientific discovery. the fact the we can be citizen scientists and part of research because we are willing to wear since isn't contribute our data, that is an amazing thing that hasn't happened before because the prior way we would do scientific study might enroll in a clinical trial, perhaps you were part of a cohort study but now everybody can be part of science and that will help scientific discovery but the other thing it does is it indeed is people in their own health. the number of people thinking about how far they what and what their diet is, the number of people with mobile phones, we don't all have to have fancy expensive devices. we need access to these tools for all americans and people worldwide. maria: special thanks to nancy brown and michael milliken. we did that interview, jacobi meanwhile dealing with fallout from the e coli outbreak in the pacific northwest. there are more than 3 dozen confirmed cases of people being sick and bite this.
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nicole petallides is on the story. nicole: the number of confirmed he coli poisoning cases linked to a jacoby mexican grill is rising. at least 37 people have been seconded by the bacteria, washington and oregon according to health officials, no deaths thankfully have been reported. one washington woman filed a lawsuit earlier in the week against chipotle, seeking more than $75,000 in damages. the outbreak has forced the restaurant chain to close 43 locations in those two state. health officials have identified stream of people by involved and claim it likely came from contaminated produce. before the reported outbreak jacoby was trading at $640, closed down roughly 20 bucks yesterday's session and you can see it closed at $6.23, that is a wide bit out there but likely to come under pressure again. they are cleaning and
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sanitizing. the executives expressed their sympathies but this is an ongoing story, the third contamination, food decontamination for chipotle. what does it do to their brand? maria: i wonder if this is the result of fast growth or cumin error? >> it could be all of the above. four kids at home will eat jacobi before they will beat steak and lobster. the cortes' family could not be bigger fans of tacoma, hard to say anything negative about the stock. the stock price and the chain, this is a minor problem. >> long run possible the, in those affected areas. the affected will have on earnings this quarter i am surprised we don't see a bigger reaction because this is a stock that has been on a huge move to the upside. the reaction to the downside is just beginning.
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maria: to your point not only closing restaurants and lost revenue but the uncertainty of the risk of lawsuits. such as this one in washington. maria: don't forget to start your day with nicole petallides on "fbn a.m." at 5:00 a.m. eastern right before "mornings with maria". coming up one former corporate ceo crash lands his private plane on a busy highway but miraculously no one is injured. we will tell you about it. pop princess britney spears announcing her ninth album in the works, keep it here, big business there, stay with us. i asked my dentist if an electric toothbrush
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maria: dramatic images out of arkansas after a former walmart executive makes an emergency landing in his plane. cheryl casone with the story. cheryl: the small plane was piloted by a former wal-mart ceo bill simmons who made an emergency landing on highway outside the university of arkansas. this happened yesterday morning. >> we looked up, there was a plane, on was freefall in and popped a parachute and continued to free-fall for a little bit, finally got some type of stability. we were only scared for a good two minutes before we realized
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everything was going to be all right. maria: on its way down the plane was struck by a pickup truck but no life-threatening injuries were reported. here is a sign of the times, girl scout cookie prices jumping to $5 a box. what is the world coming to? the first time cookie prices of ghana in eight years, the increase means more profits for the troops taking home $0.90 a box instead of 60. this story, attend the liberal arts school or thinking about it? prepare to get a smaller paycheck. according to numbers crunched by the wall street journal graduates from liberal arts schools made a median salary below $50,000 a year, ten years after they graduated from college. a lot of the make 70 k, there is a response to the association of american colleges, a huge disservice, too much emphasis on earnings, we should be focusing on arts and humanities.
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>> one of the issues is vocational training has become needed in this economy and you don't necessarily get the specific training from liberal arts. if you are majoring for example poetry versus major ring -- >> exactly right. to the university's defense, learning can be a goal in and of its self. for most people learning is the occasional, preparation for work, preparation to earn and america has the greatest universities in the world. the delete globally, the arab world they all want to come to the united states. on the whole the university system is badly broken and the reason is constant government intervention. doesn't work like a regular market. if the government were not subsidizing of a political science degrees the lead nowhere, they would not exist in free market.
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maria: these kids are on financial aid. >> the bigger story is kids coming out of school with some much debt for student loans that can affect the country, if you're getting a student loan for a degree you hope it will pay off the student loan. and that is the end game. a lot of focus, universities to put out graduates for a meaningful source of income. maria: parents have to face facts. i want to study poetry. what are the job prospects? >> i will keep your bed made here because you will be right back. millennials are not able to break out and be real adults, they are not married -- >> it is an eye opening steady
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and kudos to the journal for crunching the numbers. >> lengthy and repetitive e-mail responses, google is here, look at this amazing video, apple's 2.8 million square foot space ship like campus is starting to take shape. the new building expected to house 12,000 employees in the third quarter of 2016. stay with us. ♪ ♪ (under loud music) this is the place. ♪ ♪ their beard salve is made from ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing, you see what's coming next.
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maria: google's jean mail set to roll on a new feature that will write replies. good morning. >> all about artificial intelligence. introducing a new start feature designed to make the mail faster and more each fission call smart reply, available on the box for gene del apps. analyzes the content of each of your e-mails, then three should reply stating users time and energy and more productive activities like hitting the hot and relaxing. if you get an e-mail, about your vacation plans google will automatically generate free responses for you to choose from. i just send them to you or i am working on them. new technology works like a text message auto reply feature we are all familiar with, learning and picking up on your behavior, all the more practical and smart reply will rollout later this
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week. maria: on some devices you can already do things like that? you have automated responses you can send? jo lin: i can send a quick reply, and will call you right back a lot of this artificial intelligence becoming integrated. they'reñ comfortable with that?
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>> now we don't have replied to the deal on what will we be doing? jo lin: the idea is everything is automated what is the next innovation especially for communication. maria: they say machines don't get emotional, right? that is one thing humans have going for them. you can't compete on an emotional level, sounds like this is getting a little emotional. they are answering based on what you have granted in the past. jo lin: it could trigger e emotional reaction in the folks you are responding to. maria: is an incremental change. jo lin: started with auto correct, now is more e-mail. we have driverless cars, things that can predict where you are if you opened google maps or where you are going, if you are
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ordering uber. this can be convenient but it is a question of privacy when you look at more cyberattacks, security is an issue and a lot of presidential candidates -- maria: the new economy. would you drive a driver of this car? >> no, wouldn't even consider it. maria: even though it didn't drink last night, did and text while driving, isn't tired? knows everything around? >> we get plenty of drivers in the last trains or tram's whether it is in airports or disney said to me it is not that different and thankfully the world is going to get safer and traffic will be reduced dramatically. >> drama is on a rail, drivers of a less cars -- as far as putting them -- i would not get in one that would put my family at risk. maria: in the future and there will be four carmakers, tesla,
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uber, apple and google. >> silicon valley of the detroit. maria: x on mobile ceo is with me in a fox business exclusive. we will talk about everything from gas prices to the keys and pipeline. join us for that coming up on "mornings with maria". ...as a combination of see products.. and customers.
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maria: i am maria bartiroma. is wednesday november 4th. with me is steve cortez and mike murphy. rest your top stories at 7:00 a.m. on the east coast, breaking news on the campaign trail. last our quinnipiac polls releasing their latest national survey of the 2016 presidential race, ben carson has been surging in a virtual tie with donald trump. carson opening up a 10 point lead on hillary clinton in a head the head matchup.
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donald trump sharpening his attack on carson. >> dr. carson is lower energies and joy. . i like him a lot but he is not dealings, not for making deals. maria: it was election day across the country, major ballot initiatives, governor's race decided in the vote, a higher rejected a measure to legalize recreational marijuana. rejected an initiative to extend equal rights protection to members of the lgbt community and that ballot measure to restrict air bnd rentals. kate simon was murdered by an illegal immigrant who had been deported five times previously. in kentucky and tea party favorite named matt bevin taking the governor's mention. >> this is our opportunity. we will seek a future together but do it as one kentucky,
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republican and democrat alike. maria: meanwhile history will remain, the president of china and the head of taiwan before the first time since the communist revolution of 1949. this meeting hosted by singapore focusing on developing relations across the taiwan strait. turning to markets features indicate a higher open of broader averages, dow industrials expected to open 3 points, nasdaq and the s&p looking iron. in europe early action showing gains across the board with the exception of the dax index in germany. the s&p 100 up 1% in the u.k. stocks in paris also higher. overnight gains in asia as well across the board. shanghai composite a lot better than 4% as was the korean kospi. more bad news for volkswagen, stock plunging after the german automaker conceded the mission scandal could affect a million more vehicles than originally thought. they include gasoline powered cars. porche announcing it will stop
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selling certain models of its wildly popular suv amid allegations the vehicles are equipped with emissions sheeting devices. anheuser-busch in bev extending but like nfl sponsorship and other six years, the deal worth $1.5 billion, 15% increase over the current deal. for the first time, one of parents' concerns, liberal arts colleges earned less than piers to attend research universities, raising questions about the soaring cost of college. a brand new quinnipiac poll shows ben carson in a statistical tie with donald trump. blake berman with details in washington. good morning to you. >> reporter: the surge for ben carson continues as the latest quinnipiac university poll shows this remains a two person race for the moment on the republican side. donald trump still holds the lead with 24% support among republicans but right there behind him is carson at 23.
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but next year includes the two senators who had dared debate performances lauded leslie, marco rubio 14, ted cruz at 13 and a clear separation from there as jeb bush registers at 4% nationally. no one else gets more than 40. of democratic side hillary clinton continues to see her numbers climb within her party, she gets 53% and has an 18 point edge over bernie sanders. however potential general election matchups against republicans show she is mainly in the red when did head to 5 against five different republicans. she only be donald trump. the polls showed she loses to ben carson by 10 points. marco rubio as well, ted cruz, even chris christie. by the way, a lot of the numbers here. we read through a lot of it. in this ratings this was the lowest for jeb bush since he announced his candidacy, he has
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the highest and favorability rating among every republican in the field. also 58% of registered voters view him unfavorably. that is the highest tally as well. maria: thanks very much, want to bring in david webb, host of the david webb show on serious acts and radio and fox contributor. what are your thoughts on these numbers? >> it is early energy, name recognition and a little bit of the outsider candidates. let's take a 10% of the people off the table. this early in the election cycle, about 10% don't register so when they told him it is to recognize is the name. people are sick of washington, sick of broken government. the insurgent candidates, trump, carly fiorina and ben carson had not been the politicians. to be fair, not for a long time but some of the other candidates, marco rubio is a first term senator, ted cruz first term, what did these guys, people are saying where's government that will work for us, give the other guy of choice.
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or a chance. maria: do you read into these holes in that way? that is a point. they will talk about who they recognize. doesn't necessarily translate into the vote. >> it may not but it builds momentum. people here about a top five ended continues to grow. the fact that from and cars are still up there at these levels is mind blowing. i would have bet a lot against that but the people i speaking and these people want them back. >> when you poll the base you get evangelical base of the republican party in the primaries, that is 40% of the voters in the early caucuses and primaries, they will identify more with carson. there are more fed up, you live longer in life you are more fed up with politics failing you and those people looking at trump or carson and carly fiorina may be lagging but i wouldn't count her out. we have until december, got to make it to december 15th, fox business the next week, december 15th in vegas. that is where the freeze begins
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after that with christmas and new year's. maria: ahead of iowa. let me ask about your thoughts on what happened in kentucky, republican businessman tea party favorite met at the beginning next governor of kentucky, a big win for the tea party. >> a big win, you start out you lose a couple, he built his product, his candidacy up over time. he said i am a better candidate this time around. i have solutions to put on the table met here again in kentucky and the state's cities of the states that are looking at the economy and saying how do we fix our problems because the can't expect many from the federal government? >> is there a bigger take away? the mainstream media is trying to declare the tea party dead. at least in kentucky it is not dead. the wider national implication. >> as one of the original
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founders of the tea party i can tell you we are not dead. it is a populist uprising against failure. in new york my tea party group, an executive director was a democrat, all across this country, andrew briny baird, myself, others, fox contributors, people who went out and fought for this, we didn't go out and see if you are at the partier you are a republican, or if whatever you are something else. we said what are the issues he give the reason the tea party is not that and they keep trying to kill it is it reflects people live their reality. look at economy. no matter what they tell you 5.1%, the reagan line is a recession when your neighbor loses his job, is a depression when you lose yours. we are in a stagnation point. people are getting promoted, jobs, people are not being hired. companies making cuts of people live there reality and that is what the tea party reflects, taxed enough already, regulations, fees, costs on
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business, oba silver premiums, businesses, health-insurance tax, another onerous part of obamacare. >> we are going to march out of here. maria: does this tell us anything about rand paul or ted cruz? this is an important question in terms of the broader national implications. >> ted cruz swept into office with political experience behind him, rand paul didn't have much political experience behind him, private sector, they swept in on that way of the sustainability, how do they do? how do they perform when they're in office is what matters. ted cruz has stood out because he fought against mitch mcconnell and some of the old dogs in washington. rand paul has done a couple filibusters but he needs to up his game as a senator. needs to represent his people in kentucky, his constituents better than he has. if he does the he has sustainability. if not then what mitch mcconnell goes and his support goes, where
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does he go? maria: in the conservative movement the hillary clinton? >> that is a tough one. clinton is going to be tough because she is determined to be the first woman president and she will be tough because of her husband and he's incredibly popular. the way we beat her, interesting that trump doesn't beat her in polling because trump is a candidate right now of celebrity and a anger. i understand the danger but not a candidate of ideas with the rest of the candidates, republican party is your point about how the tea party is about ideas, not identity politics, this primary is going to be won on ideas and whether the candidate is i don't believe it will be trump is going to defeat clinton on superior ideas because slow growth is not okay, that is not what america is capable of, the middle class had no recovery and they are hungry and should be but the answer is not just lets the pain-free and screen into the microphone which
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is trump's answer. >> in 2009 when this was really going i wrote about the cynicism and apathy. people are apathetic, accepted their place in the political system was what it was. than cynicism, healthy cynicism, the tea party movement, now people are learning it takes time to grow and learn the system, get involved, we won 900 legislative seats, turned in the states, the american population sees the problem, lives the problem, now not just demanding change that getting involved, not just running for office. maria: thank you very much, don't forget fox business teaming up with the wall street journal to bring the next republican debate focused on the economy and your money tuesday, november 10th live from milwaukee. i will become moderating the debate with my colleague neil cavuto, sandra and trish at 6:00 p.m. join us on november 10th, coming up tesla seeing a drop after better than expected earnings, we break down the top spot to watch the in
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santa did you head to the office, big changes coming to a troop near you, the girl scout making a big business decision that could affect their biggest revenue source, you will want to know about that. look at the other headlines topping wall street journal this morning, san francisco rejects air bnb's initiative, the china sea agreement and the deadline for anheuser-busch in bev. we will be right back.
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of the treasury market over the summer federal prosecutors, goldman and 21 other banks to turn over information. goldman's disclosures that not appear in the previous quarterly filings. the federal probe is ongoing, we have reached out to goldman sachs this morning. and prices rise to $5 a box from the $4 a box. california and hawaii at higher prices, and taking a look at tesla, jumping in the pre-market after the third quarter earnings, topping analysts' estimates, better than expected outlook, elon musk telling shareholders company vehicles are sharing better than ever and also looking at facebook, in the free-market, earnings report after in the belt, analysts expect earnings per share, revenue $4.37 billion.
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the tesla story is so incredibly in the red. maria: backdrop to markets, michael course you just mentioned the expectation. >> on ets and revenue showing the consumer has a heart beat out there and up polls and they are spending money and you heard from time warner which had good earnings. the overlying seem i and seeing in these earnings is the bar was set pretty low and companies for coming out and clearing that but after the sell-off we had in late summer, these are at a big percentage. maria: piper jaffray, a price target on chipotle reiterated. maria: more cases we confirm this morning. and all those restaurants still
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closed with a lawsuit, and filing against the company. >> a massive impact on coming, and any analyst could foresee that. tie that has to come down. maria: energy is the weak spot. the revenue and guidance is what people focus on. >> there's a lot of dispersion, and some in the consumer sector, michael course has a good earnings report. but even with these adapt down on of 4 report which is ill for the consumer. it is a desperate story but on the whole we look at the revenue part and that is troubling. we are not in an economic recession on the ground the we are in an earnings recession and one reason is companies because they are not growing the top
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line are running out of jews to squeeze out of the bottom line. maria: mike said we are in a recession in the industrial side as well. >> we may be particular the in the energy sector. i will be curious to see what he sees on the ground for exxon mobile. ag certainly has been troubled. to me it remains troubled and the main reason is emerging markets, demand out of china is tested at best. that is a reason for the resource sector. >> the time to spot that trouble in energy was six months ago. a lot of big ceos, and the energy space. maria: is that because of prices or because you think things have bottomed? >> the stocks in exxon got hit so hard, it typically quality companies but oil underlying thing they trade off went from 100 to 40 and a lot of people calling it to drop to 20 , we stabilize in the 40s for a long time, ceos make money with oil
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in the mid 40s, and it will be more upside. there is an interesting set up in energy. maria: one of the consolidation targets, we will take a short break, leading energy experts as oil prices are nearing bottom as production begins to slow, we are looking at oil trades next, and some mobile's chairman, out of for the fox business exclusive joining us coming up. back in a moment. hey, i see you're working on your portfolio. need a little luck? uh... no, i have td ameritrade's investing tools and education, so i'm confident that i'm making smart financial decisions. but thanks! okay... trisha, you need any luck? i do not. eric? i'm all set.
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maria: pulitzer prize-winning author daniel juergen snaking headline saying oil is nearing historic bottom. global supplies poised to close the gap, phil flynn standing by
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at the cme, what do you make of this call? phil: absolutely right. when the man who wrote the history of oil, says we are near historic bottom, seems to know something because we have been through this cycle so many times before. when you see low prices oil prices go down forever but getting that back capital spending cutback projects, things can change pretty dramatically and he says a year from now this oil market is going to look a lot different than it does now. the reason is we are at the bottom end of the cycle and in the bottom, to find a way you will never get out of it, we are seeing signs that is starting to happen. low prices will increase demand, he is calling for 1.3 billion barrels a day next year, that is pretty good demand, almost an hour the best demand growth in last five years. maria: thanks so much. gasoline prices back up after
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back on the rise after falling for 22 straight days. >> in the u.s. gasoline demand is still robust. if you the total miles driven that chart has gone absolutely parabolic, gasoline demand is strong but crude is much more of a global market. i am not as optimistic there. i don't agree we are seeing the bottom. the main reason on the production side you have saudi arabia at all time highs producing director dissing, et the u.s. close to all-time highs and multi deadeyes. emerging markets continued to really struggled lately. if we see the fed i don't think the fed is going to increase rates in december but if they do i think they will send the emerging markets into an all out crisis. my view we have not seen the bottom in crude. >> if they raise rates for the right reason because we are seeing growth, it would see a pickup in demand. >> we are not seeing global growth. we are seeing global
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deceleration. if the fed hikes in to deceleration globally that is the toxic brew sending the dollar higher for emerging markets which are very troubled right now. china has gone on a credit binge. it cannot handle even a 25 basis point increase for the united states and because demand is so poor, i think combined with this massive supply, that supply long-term is green news for america. we are saudi america on our way to energy independence and then some becoming an export power, long-term great news but for the intermediate term lower prices bacon. maria: what is going on with the emerging markets? we are waiting for them to come pafford eight years. >> we are coming back from the biggest financial crisis since the great depression so a lot of times the recovery will take longer. we have seen spurts of it but i am in the exact opposite camp of steve. a lot of those negative news baked into these emerging markets, you're going to start
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to see stabilization which will lead to growth lose >> emerging-market are coming back. the emerging market is still the united states. this is everything dynamic. maria: china the emerging markets -- >> they are subme the emerging markets -- >> they are submerging markets, not emer3 c1 mg markets, data and none of their medicine in the crisis the way we did, clean the balance sheets, they went the opposite direction. maria: they blamed the fed. >> right. rick maria: the fed moves kept the dollar where it is an impacted thet ecurrency. >> when and if the fed normalizes the emerging markets are in a precarious position that i don't think they can manage. maria: next i sit down with exxon mobile's chairman in an exclusive interview for his take on how the world looks to him and e low oil p c1 oes have been affecting the business. keep it right here coming up next. kent.
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. . maria: welcome back election day cross the country yesterday major ballot initiatives governor's race zied cheryl casone with details now, good morning.
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cheryl: good morning, maria well there is lots of recap this mornings ohio voters rejecting a measure to legalize marijuana, houston voters rejected initiative to extended equal rights protection to lbgtcommunity, san francisco voters denying a measure to restrict airbnb remits, san francisco residents voting out share after the sanctuary controversies, kate murder by illegal grant in from an deported five times previously in san francisco out of a job this morning, finally in kentucky, a tea party favorite, taking the governor's mansion. >> a liberal arts school, well guys prepare to get a smaller paycheck if you decide to go this route, according to numbers by "the wall street journal" graduates made a salary below 50,000 dollars 10
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years after leaving college. maria: big numbers leaders of taiwan chinaa to meet for the first time, since 1949, about those jo ling kent on is that. jo ling: good morning again they have to not met since 1949 with chinese civil war ended now this weekend, chinese president xi jinping will meet taiwan president in singapore, according to state media, the two presidents are not expected to sign any agreements, and although politics are complicated, trade between china and taiwan has doubled, during president's two terms the white house meanwhile, saying it welcomes steps that are taken on both sides, to reduce cross strait tensions, there is a wrinkle in this china doesn't technically recognize taiwan as a country, chinese government considers taiwan, a part of china a rogue province warned declaring independence would lead to military action what happens saturday instead of calling each other mr. president they will go with mr. >> thanks, very interesting, this you, oil prices rallying
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on concerns about supplying disruptions in libya brazil, have we beached a bottom for crude we talk with chairman and ceo of exxonmobil fox business s exclusive how he sees the world coming up. ♪ ♪ take it higher, oh, no ♪ can a business have a mind?
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a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
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. . >> iii.
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>>. maria: welcome back oil giant exxonmobil out with earnings last week reporting earnings and revenue legislator than a year ago amid declining oil prices the company also reporting, climbing oil production, and higher refining aernz third quarter positive for investors earnings 4.2 billion dollars, revenue, 67.3 billion dollars, for the three-month period, joining us right now fox business exclusive exxonmobil chairman co rex tillerson good to see. >> you nice to be with you. >> thank you very much for joining us your take first off how the world looks what did the convert tell you about where we are right now. >> well a challenging quarter for parts of our business, but i think the quarter really didn't he demonstrated the value of how fully integrated businesses upstream downstream finding petro chemicals a terrific quarter low feed stock costs low -- high
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margins doubled earnings from last year chemicals very solid quarter. both in commodity side specialty side low feed stock costs low undermining costs a opportunity for that part to perform quite well, that streaming business very challenged at prices oil prices and natural gases prices, so earnings there off dramatically, but i think, if you look at the entirety of the results, a couple takeaways i think are working on things that we can control, delivering on capital investments our spending is pretty much in line with what we had eepd anticipated projects on schedule some ahead of schedule working on cost structure particularly upstream side to capture a some market savings the a real number i think people are watching carefully is free-cash flow, because when you are in low cost environment can you find all your programs can you continue your payouts to shareholders, we generated 3 1/2 -- free
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cash flow quarter fully paid for all investment programs dividend and continue to share buyback programs. >> in fact mix of you're business has helped in you the past, in in terms of -- offsetting, any wanings in prices we have seen once again you saw that happen. >> again we see it, and that is, you know we feel the value of having that fully integrated value chain basically in the hydrocarbon molecule management business from rocks to finished product you put in your tank or something you package your salads in every day, we own that molecule all the way through the chain, our mission is to discover where its the maximum value for that capture that value wherever the market wants to provide it. >> we've been talking on the program really every morning about debate about really how this economy is right now. and how strong it is. what do you see all over the world we've been talking about the wanings in china, emerging market story has not improved
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in about 7 or 8 years, so can you take us around the world, and talk to us about what the oil story is telling us about economics. >> energy great indicator how economy is performing peels that economy here in u.s. just a very sluggish economy, ever since the down turner of 2009 we have never really found our legs. we just been kind of sliding along, at a very, very modest growth, europe pretty much sliding sideways they've had little uptick this year we saw a little improvement in energy demanded in europe, i think result of the low proices in china rate of growth continues to bend over energy demand in china had been running 4 to 5% per year this we are seeing about 3 1/2%. demand for crowd oil next ear year we think going to line to further to about 3% so he seeing that chinese economy, part of it is the economy maturing a bit beginning to slower trade of growth so if you look at energy as kind of
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a proxy for how the economy is going it is pretty sluggish, and there is not a lot that we can see on the horizon through next year that is going to change that. maria: wuven keeping spend in check as a result of this sluggish story around the world yet you haven't cut capex as much as some of your peers. >> we had been investing very heavily look back, 5, 6, 7, 8 years we told story how we were going to recap our upstream business videographied lot of capital into the upstream supply development in projects going to deliver for decades, that peaked two years ago, we began to roll that over, and began to reduce our capital spending two years ago we are down this year, we indicated we would be down 12% in year we are down 16% through the quarter, we will see whether those trends continue, the end of the year, and they are going forward we indicated we would reduce capital further two to years probably below whether we
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would be this year a recognition not strong view about pricing overtime as much as looking at opportunities we at another time per sue 20, 30 years how we are going to manage. >> there is a lot more room to cut if you were to look to trim back spending as well i want to get where are the opportunities right now what are do you bet on in terms of projects next, 15, 10 years. >> well we have a high degree of flexibility with our north america programs portfolio a huge number of opportunities, in the three major plays, that we are involved in the balkan north dakota the permian basis in texting, oklahoma very high quality plays to, we do have the ability, to dial that activity to the left or to the right, depending on how we see the attractiveness of the environment you can do on a fairly short basis the large scale projects that wake
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multiple years to execute after the world obama those under way taking to completion we have complete our big you oil sands investments in canada they are up and running doing quite well. but we still see a lot of attractive opportunities west africa additional investments in mind there there is still opportunities in canada evaluation it considering so there is still a huge portfolio things in front of us the task force for us sorting through those picking out those that we think are the most resilient to highly uncertain price environment which is nothing new has always been the case of which those most brothers resilient and we have a high degree of confidence around our ability to execute them well and deliver them on the cost and start up base that we intend. >> a lot of opportunities on the project side, let me ask you about acquisitions the m&a story for you, because here we are in an opportunity, to see some shale players in united states, come under pressure because of the price of oil,
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it doesn't make economic sense for them, have to continue some of these projects that is why we have seen some of them shutdown is there any an opportunity for you to acquire a large u.s. shale player. >> well there may be there doesn't appear to be today. with a we have been successful doing, is picking up, selected assets, as these companies that you are talking about, are having cash flow challenges, in order to manage cash flow needs maintain payroll keep their organizations intact hold their assets hold their leases, they are carving some things off to raise cash we have been selectively picked up assets from them, whole kaen kwiths tod company kwgs we look at you'll the time monitor how they are doing valuations a little bit out of line with our view, of where they should be in order to make an acquisition, attractive to us we will see. going forward, there is going to be a lot of pressure coming on a lot of companies, as we enter next year i think as everyone, wild understands,
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with exception of a couple players, most people's hedging programs are rolling off, because forward curve has been flat for so long hedging has not been available to people that has been a course of stabilizing cash flow now forlt past couple years that is not going to be available to them is that may bring additional prosper epoch that may narrower this gap between us we are always open to talking to folks. >> sounds like you are waiting for it. >> we are going to keep -- >> prices will probably come down, further. >> there is nothing we have to have. >> right. >> we have a very being attractive very large portfolio in the this says if in the u.s. we built up over the last five years, but obviously if we see an attractive resource we are in resource business, we know it is going to be needed for the next 30, 40 years, we are happy to add that to our portfolio, and benefit of our shaermdz shareholders. >> what is sense of the rovgs shale players in the united states a long time growth story of u.s. where jobs would be opportunity would be when prices fell, people worried
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this is going to be where job losses are. >> well i think that is exactly what we're seeing, if you -- if you look at job growth in the u.s., since about 2010, and 2009 when shale revolution began activity levels picked up to very high levels, most of the job growth in the united states, if you strip out our industry, all gas, mp jobs direct as well as collateral jobs that support that activity level there was a no job growth in the u.s. >> right. >> it was attributable to this energy revolution that occurred as we have had downturn we are seeing significant job losses, there, and i think that is why you are seeing translate also into a flattening in some of the job gains. maria: so does jobs story in. s get worse then. >> it could get worse. zploo. maria: if so objection shale resolution. >> it could get worse again as i indicated companies move into next year depending on cash available will have to
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adjust activities further in order to manage the cash that is available to them. maria: let's stake a short break i want to get your take on k excel price play on crude and/or the ban lots at a talk about with rex till ston chairman ceo of exxonmobil still ahead back in a moment. want bladder leak underwear that moves like you do? try always discreet underwear
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maria: maria: maria: factual with exxoning mobile chairman ceo rex tillerson capital management program so important at exxonmobil throughout the oil sector what i mean is dividends applying back stock why is this so critical for you i know in a low growth environment 2% people searching for yield that is all it is about? rex tillerson: i don't think it is all it is about but we are most of our shareholders are long term shareholders. we also have a very large component of real are shareholders unlike most of
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the large fortune 50 a large group of real shairmdz individual. >> a held for a long time. >>. rex tillerson: a long time in pension personretirement grirn d clairp college planning. maria: count on vice versaed. rex tillerson: count on dividend 3 1/2% competitive with broader market will be what it will be depending on underlying value of the shares themselves, but i think also, our shares s historically have been safe, we do move up and down with commodity price cycle itself, the long term is if you believe long-term view of energy is positive, which is energy demanded going to go up people are always going to need it, always going to need what we do. so so long as we manage the business well, continue growth profile of, then he their investment is quite safe the upside potential with a safe dividend. maria: the allocation of
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capital a priority, let me ask you about the economy one more question here, that is the industrial side of things, how bad has this commodities complex breakdown been when you look at oil you look at you know iron, copper steel all the things, that are used this industrial, is it in recession. rex tillerson: had a huge impact certainly on those commoditytized upputts a point, steel drilling pipe tubulars, whether larengines deseal in manufactures in that space providing turbines necessary to carry out activities have seen hit if you look at results you see in their as a results in terms of those of revenue streams are down forward book orders are down, and there is even an impact on some of the large engineering companies themselves, as the industry at large, has began to curtail, and flatten out forward curve some huge project investments so it is impacting a lot of
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segments if the economy. >> because of china. rex tillerson: some china as i indicated earlier a lot is just global economy, is not hitting on all its cylinders, it is broad-based widespread, china certainly a piece of it but not the only piece. >> the auto sector obviously was helped by some declines, the auto sector among those industries doing very well. in terms of driverless car new resolution new norm driverless cars technology impacted industries that is going to impact yours driverless cars going to mean lower input in terms of oil. >>. rex tillerson: that or more people will have cars because so cool to ride in, but -- the technology i think what is interesting about the driefrls car pursuit of that on the there is a lot of technology developed to enable that pieces of that technology that can be useful to us and useful to other industries, to apply that. we are already looking at how
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to use some of that technology, for instance in our big mining project a bigpiece of that praisings gigantic trucks that move abo 'back and forth how do you keep that running 24-7 nobody takes a break nobody has to have a shift change driverless trucks are very much in our future of evaluation using some in australia today we are studying that again lous you to be more efficient with capital you've invested equipment you have, take more cost out of your operation and probably step up its safety performance as well. maria: going to put your family in a driefrls car. rex tillerson: no, probably not, if i do i will still have my hand on the wheel. maria: let me move on to policy issues hillary clinton al gore, you know what is coming here more than 40 leading environment social justice groups demanding federal investigation of
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exxonmob exxonmobil aaccusing company of deceiving public to protect profits at risk of curriculum change. >> charges pretty unfounded without any stubs ubstance peri of time decades ago a lot i could say i am not sure how helpful to talk about it particularly as leading up to very important meetings that are going to occur in paris. here a few weeks. i don't want to to be a distraction i really don't want this to be a distraction, there are some serious issues that need to be talked about, at that -- at that convention, i think, as all i would say we are very open during that period of time all research doing spending a lot of time trying to understand this issue in early days, we were very open, with the work we were doing most was done in collaboration with academic institutions, many government agencies, for us to understand this better and i think as we began to understand that then and people began to think
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about policy choices, we had a view on policy choices, which is not changed very much over the years, we have been about open about that, so -- >> we should point out you actually helped finance accurate scientific research about climate jeaning hillary clinton bernie sanders al gore basically saying you and industry are hiding risks of climate change just like the tobacco companies hids risks of smoking. rex tillerson: nothing could be further from truth again as you point out we have been very different participants in supporting scientific discovery, we funded some of the very early attempts to model the climate. maria: right i noe that. rex tillerson: still do at mit we were the only major oil company that has been a participant in u.n. air governmental pam aal company oe our scientists per reviewed work, we have authorized many ipcc reports published more
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than 50 of our reports on subject we are hadley hiding from the issue. maria: we have not seen a real energy policy in a long time. who do you think, of the candidates has right idea in terms of energy policy for example do you think xu.l pipeline should go through, the ban on exports should open up. >> rather than me talk about who i think talk about the what do i think that you know, we are have been blessed with normal resource opportunity in this country. and the industry that see that opportunity with nfrm transformation occurred last roughly five years from era of energy scarcity more concerned about stourgs our supply, from countries around the world some of which we new shl going is to be unstable the from time to time now an energy abundance i think the forward looking people will be looking at how do we take this air of energy abundance and secure
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our energy future from energy security standpoint for decades to come, because the resources, normal, we had decades long supply now available to us. many what are the policies that will enable that, and how do we do that and deliver that at it the lowest possible cost to the consumer for our economy that does mean infrastructure investments initially allows to produce this get to point consumer needs it maintenance enableing our ability to global trade with products k compete with in other words we will affect overall global pricing of all supplies those will come down to the benefit of consumers not just here but everywhere, because u.s. supplies in that o global if you will it stabilizes a lot of uncertainty for people in other parts of the world as well so says there host of reasons why we ought to be procuri pursuing they pipes of policies. >> resigning tillerson chairman ceo of exxonmobil back in a minute. and bad.
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. maria: good morning welcome back it is wednesday, november 4 with me steve cortes, mike murphy authorize columnist monica crowley, first top stories 8:00 a.m. east coast quinnipiac polling out with latest, national survey of 2016 presidential race contend%, dr. ben carson surging, in a virtual tie with donald trump, atop the republican field, carson opening a 10-point lead on hillary clinton in a possible head-to-head match, donald trump sharpening attacks on carson. >> dr. carson is lower energy than jeb bush, i like him a lot but he is not for dealing, he is not for making deals. maria: election day yesterday across country major ballot mists in governor's races ohio voters rejected a measure to
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legalize marijuana, san francisco voters, danned ballotot measure to restrict airbnb rottenals residents voting out their sheriff after the controversy earlier this year 32-year-old kate murder by illegal immigrant in san franciscan. >> kentucky tea party favorite took dpz mansion. >> this is your kentucky this is our opportunity we will seek the future together we will do it as one kentucky, republican and democrat alike. maria: turning to markets this morning, futures indicating a higher opening for the broader averages on wall street you do you do expected to open up facebook re after the close stock up ahead of that, in europe, early action shows gains as well take a look it a major averages germany off lose the sp100 up 5 points cac quarante in paris also higher, better
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than 1%, overnight gains in asia as well as you can see across the board shanghai hein and kospi up better than 4%, on the session. checking oil prices, right now, i spoke with exxonmobil chairman ceo rex tillerson oil prices 47.95 a share, since -- a barrel rather take on global economy. >> if you look at energy as kind of a proxy for how the economy is going, it is pretty sluggish, and there is not a lot that we can see on the horizon, through next year that is going to change that. maria: more bad news volkswagen this morning shares plunging in premarket after the automaker conceded emphasizes could affect nearly 1 million more vehicles than thought including gasoline powered cars porsche announcing it will stop selling certain molds of chaim suv, amid allegations the vehicles are also equipped with emissions cheating advises, anheuser-busch extended nfl sponsorship another 6 years reportedly
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worth more than one and half billion dollars a 15% increase over the current deal, now to politics brand-new quinnipiac poll showing neurosurgeon dr. ben carson in statistical die with donald trump, blake berman with the details. >> good morning to you the surge for dr. ben carson continues, as latest quinnipiac university poll shows this is a two person race for the moment on the republican side, donald trump still holds the lead, with 24% support among republicans however right behind him there is carson at 23. the next includes two senators debate pomdz lauded last unique marco rubio 14, ted cruz 13, then there is clear separation from there, as jeb bush, registers at 4% nationally, no one else on the republican side gets more than 3. on democratically sidehill hill continues to see her nupz climb within her party gets 53% has 18 point advantage
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over bernie sanders, however, potential general election matches up against republicans shows she is mainly in the red. wh. pitdz head-to-head against five reins only beats trump the poll shows clinton losses to carson by 10 points, to rubio and cruz as well, even to chris christie. by the way, this was the lowest reading for bush since he announced his kansas highest unfavorability rating among every republican in the field 58% registered voters view him unfavorably the highest tall yie as well back to you. >> joining us now, thank you ask much blake blake d.c. joining us now is founder ceo, welcome good to see you thanks so are joining us what do you i make of polls. >> i think that this is a race on republican side between donald trump and ben carson i think their voter base not going to jeb bush not going
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marco rubio or cruz looking for an outsiders i think will settle down when they settle down look at qualification carson's people start moving at trump. >> i think a race for the nomination, for donald trump, to lose. >> somebody made the point earlier though that polls are all about -- popularity if 134b knows name heard name will say i will vote for that person doesn't necessarily in sort of you know, turn into that, when on the election day. >> no i think we are looking at something different now i think we are seeing the country changing i this i the republican party, is looking for innovation looking for outsider the democrats as well, that is why, you see bernie sanders at 35%, no one in their right mind thinks at the is capable of running the country but they want a change, in terms of carson and trump, i think they are -- people are looking at skills with donald trump, like him or not, they are more concerned with one competent want
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someone who is going to be straightforward not captive to special interests dominating the scene. >> people are upset. >> when you look at trump, and carson percentages that is a percentage that are angry significant, may be the majority, by the way, should be angry because last seventh years, under this administration, rex tillerson talked about it sluggish only word you can use to describe recovery my be worse have than sluggi sluggish deployablely, policy you will havees, obamacare, look, what are americans seeing they are seeing paychecks basically sidelined very, very small pay increases health care costs education talking about that a lot health care and education skyrocket getting squeezed and squeezed by washington, i am confident that any four republican candidates if become president will reverse
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that in my opinion we need to elect you can't learn on job we never elected a political neophyte don't believe will this time it is a race is between two of hispanic conservatives cruz and rubio. >> monica your comment in washington times about obamacare. >> i am going to cull out hillary clinton the grandmother of about social lived medicine you are going to hit a what democrats have coming in connection with setup of obamacare into the policy baked into the cake, was collapse of the system what you are seeing now is the beginning of that much anticipated and feared death spiral higher premiums fewer ep rolles subsidiesing collapsing co-ops baked into cake will collapse the democrats like hillary clinton bernie sanders can ride to the ask you with stay onel payor was objective all along what is a you see. >> i think one hillary clinton much more practicable than
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obama he is ideology driven she is practical going to be practical i think hillary clinton, by the way, beats any of the republicans other than trump, i think trump. >> trump beats hillary. >> i think gives most difficult how does ben carson stand up against hillary clinton she is going to be much more qualified public not ready to pick him, a lakeable person nona-- he polling so well agent of change smart no cannon did is looikz him fableability very high number two as a human being it is trump i think that you are going to see that different look, obamacare had a devastating impact finally on small businesses if you look at heavy tax that comes along with it, the drives up dividend communicate on retirees people would invest capital, back into the marketplace paying obamacare tax workers taxed as well for so-called premium health care. so, i think that that itself a part of it but these policies,
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have made it so difficult, for small businesses, to get off the ground, and that is who we need to start creating more jobs, herb that is why our economy so is slug jooish people are feeling in new york, that why is a lot of people look to go you to run for mayor in new york, are you going to do it. >> i am doing giving a lot of thought to it i think we are at a risk of being back into the 1970s or 1980's, 1970s we lost 800,000 residents to the city, the economy was in the will doldrums this city is propped up of by real estate by and large in terms of a local economy and that industry is in danger of being overstimulated, and also a victim of its success because the more housing prices go up more prices people out of the market, that, of course, very difficult as financial services to stay in new york city, and be competitive, because of the overwhelming burden of taxes, so i think,
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this economy, is in very, very big danger. >> i agree with what you are saying lifelong new yorker getting so bad here in the city so we definitely need a change, but i think, new york can kind of serve as proxy for the entire country, you know president obama, is policies, just like mayor de blasio policies have not been working i don't believe they are going to work so looking at hillary clinton running you may say she is more practical, but really an extension of those policies so switching back to the republican side, i think we need someone in there going to support someone like yourself who was a small business, we need someone going to support business so i think, trump is someone can do that, but as an american, are you comfortable with trump and his lack of international experience are you comfortable with can he lead the country in china and russia? >> i believe he can. if you look at the presidents of the past, what experience they have come in with, we elected an actor from
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california who was a governor of california became one of the most transformative presidents in history no foreign policy experience we elected a peanut farmer from georgia, who almost rue tind country, so you know, rue a ruined the country we have picked a businessperson yet now an retain i think look, he is resonating with a lot of people plus parens a greater problem for the democrats the in thats cannot win without a significant turnout of african-american voters african-americans for 2012, were 15% of the electorate, 12% population obama won over 95% of that, kerry won 88% of the african-american vote and african-american vote was less than 10% of the electorate he lost, so, hillary clinton going to need to motive african-americans that way going to be hard to do that, and an trump carson ticket is
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going to be devastating to that kind of objective so she is going to have to fight so hard for her base that is why i think, a trump could be very effective because all about, persuading i don't think any republicans are going to move to hillary clinton, and -- a lot of democrats aren'tet. maria: we will be right back. stay with us. you focus on making great burgers, or building the best houses in town. or becoming the next highly-unlikely dotcom superstar.
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. jo breaking news on jobs, out adp reporting moments ago 182000 jobs are added to the economy month of october, that beat expectations of 180,000 jobs, welcome back, the jobs numbers better than expected here 182000 not so great i mean, what do you guys think. >> it is not so great but i think it is more of the same like i think the market was pricing in some negative news. >> okay. >> so now, i think again, we can start talking about the fed again we can start talking about rates coming off zero again whether it is going to be december or march that is going to come so i think, this
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just supports that that the economy is not tanking that to me a positive sign. >> should point out that last month number was also revised 10,000 -- >> pretty -- the trend is undeniable jobs growing at a much lower pace undeniable trend why i don't think the fed is going to move i disagree with most wall street, because i think if they do, by the way, they risk a serious crisis, i think globally financial markets if fed starts to hike normalize rates this late in the cycle decelerateing like this they missed window sadlyly stuck in sluggish growth. >> the u.s. supposed to be insulated from political whims we know every institution is geared in politics, one way or the other into a presidential election year i agree with you i don't think that fed is going to move before november next year. >> wow november next year. >> i agree i think fed would do anything to make sure the democrats are in white house do not want a republican president mys mess with their charter interfere with
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perceived independent yonl they are independent i couldn't concur more fed not just political it is uber political. >> talking about rand paul, of course, very critical of the federal reserve so we will get that shortly, the manufacturing dumped by honda motor company cheryl. cheryl: that is right, honda dropping after the air bag supplier was issued 0-million-dollar fine by u.s. regulatory says air bags not used in new models, this morning, san francisco residents voting out their share of sanctuary city controversy this year sheriff receiving heavy counterterrorism after 32-year-old katie was measured by illegal immigrant deported 5 times oppressively that sheriff out of a job, if you are attending a liberal arts school prepare to get a smaller check according to numbers by womaning graduates
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liberal arts schools made a median salary below 50,000 dollars a year after a decade of post college work. alumni research universities made at least that much some earning more than 70 grand, a year, something for parents out there, to consider when your kid says i want to get that degree inform liberal arts. >> you are right, thank you coming up it will be historic weekend in asia leaders of china taiwan meeting for the first time over a half century jo ling kent on the story back in a moment. man woman or where you're from. city country we're just everyday people fighting high blood sugar. ♪i am everyday people. farxiga may help in that fight every day. along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes.
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. maria: welcome back leaders of taiwan china to meet for the first time since 1949. jo ling: this is pretty big two governments have not met since 1949 with a nationalists established taiwan republic of
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china chinese president xi jinping will meet taiwan president in singapore 20 minutes followed by a dinner according to media two are not expected to sign any formal agreements this time, but the meeting is happening now, because both need help president is leaving office next year his party is expected to lose the election, that is the likely to hurt economic and political ties with china, refutations have improved since the president took office trade between china and taiwan doubled, but there is a wrinkle in this meeting china doesn't recognize, taiwan as a country, so the two presidents, won't call each other mr. president, they are going to call each other mr. and mr. that is what officials are suggesting. maria: what do you think this means. >> i think this is a very big deal, like you said quite a historic meeting. and it is all driven by economics, you know used to be driven by go a
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geomistreatments interests this is strictly by economics, china on o events i think with china more aggressive in the south china sea -- >> you make a great accompaniment capitalism doesn't just lead to prosper 70 also to peace, they have been long time ep mothers talked you have to the main reason nothing happened they are giant trading partners you don't attack your trading pattern good news for the regional good news because xhooin has been acting rightly or wrongly in the regional particularly south china sea forces at work within xhooin good news as a whole. >> that they can come together with intervention or facilitating of united states that is united states margin lived thanks to president obama lack of -- >> i think we all see we need economic growth for those countries to revising the best way to get that is working together, is to i think again this leads to the entire
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global economy starting needing to come out of this have massive recession would he we have had this he is is one green chute i see for growthing. >> president subsidy zxi jinpin doing so well this is more important as a result. >> thank you. >> thanks, monica great to see you thank you so for joining us, ahead gop presidential candidate rand paul we will be right back with rand paul.
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>> big week for jobs this week, certainly for the data. just moments ago we got better than expected numbers on employment up 182,000 in october. last hour i spoke with the ceo of exxonmobil, rex tillison. >> if you look at energy, it's kind of a proxy how the economy is going, it's pretty sluggish, there's not a lot on the
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horizon through next year that's going to change that. maria: mike murphy, your observation of that interview, what do you think? >> it was a great interview, he gave a lot of read through not just on the energy space, but also ceo of exxonmobil so he's not going to say we're looking to buy everybody out there who is in distress. i think the facts are, you're seeing huge amounts of energy deals, a lot of them being distressed energy deals right now. whether or not mr. tillerson sees himself making a deal right now, i think there's been -- we know that the whole space has been in distress. that's a fact. so now, where are we? are we calling for an absolute bottom? >> no, but you're seeing activity there, and you're seeing mergers and acquisitions there and that's when the bottom comes in and fuels growth. >> there are knew sa-- nuances there, he also said that, yeah, we may do an acquisition, but we're going to wait for it. in other words, that things will get worse as prices go
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down and he can buy at a better price right now. >> if you're summarize in one word, cautious. he's being cautious as a-- >> the economy is not that great. it's sluggish right now, sadly central banks are in charge rather than real people and innovations and companies being charged, and the fallout from central bank control is sluggish growth. that's what we have right now. look on the horizon, we don't see what can change that. a republican win in 2016 if we roll back taxes and light the dynamism of the american economy, that could lead the world in growth. we are the strongest, but we could lead a true breakout. >> you're getting positive on us, be careful. >> it could happen. i'm not entirely negative on the market, but we've had a rip higher. maria: 9% in august alone. >> if you weren't able to sleep
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at night ten weeks ago, don't go to sleep now-- >> put it into perspective, we rallied 9% after being down 10%. not effectively happened. mr. tillerson didn't say too much that shocking because he's a ceo of a massive, major, global oil company. maria: and the world is sluggish. he said that oil is an indicator and he says it's sluggish. >> we talked about opportunities up in canada and i take away some positives from what mr. tillerson is saying. >> if the world is sluggish, the stock market is not priced spore sluggish growth, it's actually priced at the upper end of the historical range for strong growth, 3, 4% growth, 2% in the united states and flat to down for the rest of the world is not going to cut it in my opinion for these valuations. maria: we've got breaking news from capitol hill, two u.s. senators launching a bipartisan investigation into pharmaceutical drug pricing and asking for documents from four
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companies, including valeant, turing pharmaceuticals that raised the price on the aids medication, we spoke with the ceo last week. and drug pricing in many corners you're seeing profiteers, can you regulate drug pricing? >> it's a hot topic for debate. on one hand you have the use of the drugs, so they should go to everybody, but on the other hand there's no problem with making money, making profits and people have to look as we've heard the ceo's talk about all the research and development dollars that go into the drugs and actually making the drugs and finding a cure. so, for me, i'm for free market capitalism. if you have a product, you charge what you want for it, if someone wants to buy it, if they don't, they can go elsewhere. maria: in the free market, if you have a profiteer, someone trying to take advantage of the situation, say the turing ceo,
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and another company comes in and offers $1 a pill. >> competition works. >>. maria: that's profit. >> and it's actually less regulation. the fact that the fda approval process is arduous and takes so long and so expensive. we would have more competition if we shortened the time. the profiteer can't be a profiteer too long. >> government getting into businesses and trying to overstp their boundaries, it's not good for the u.s. population or economy. >> that's a different between the dems and the republicans. the democrats would say well, who is going to pay for-- how are we going to afford the life saving drugs. here is a look at some of the best moments from today's show. >> well, our university system is badly broken and the reason i believe is because of competent intervention. it doesn't work like a regular market.
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if it did, if it weren't subsidized the political science degrees at that sort of lead to nowhere, they wouldn't be existing if it weren't a true market. >> your child comes to you and says i want to study poetry. maria: right, and not poetry, but saying, what are the job prospects for that? >> what the parents should say, well, then i'm going to keep your bed made here because you're going to be back waiting for you, your bunk bed as a 22-year-old. >> if everything is automated what is the next innovation. >> the fact that trump and carson are still up there at these levels is mind blowing. i would have bet a lot against that, but these are the people. >> this year we're seeing about 3 1/2% demand for crude oil. next, we'll look at 3%. so, seeing that chinese economy and part of it is the economy maturing a bit, beginning to slow the trader growth. so you look at energy as part of a proxy as to how the economy is going. it's pretty sluggish.
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>> welcome back, thousands of gearheads headed to what could be the biggest auto show on the planet. big cars mean big money. jeff flock is in the thick of things in vegas. good morning, jeff. >> much bigger, maria, than the typical auto show. this is all about the after market. the specialty equipment, a market association. this is what you do after you purchase your car.
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say you bought a smart car like this one. maybe you trick it out and turn it into a racing condition. take a look there. it's got racing seats and that sort of thing. ge industry. we talked yesterday how much car sales have jumped. well, the after market is jumping, too. how about this one for you. you've heard about an suv. this is what they call the ultimate utility vehicle. a uuv. that's a toyota tacoma truck body or a chassis and a sienna stop put bullet-proof, goes anywhere. a lot of the vehicles made for the show, this industry is big. people who take vehicles off the, you know, off the lots and do crazy things with them. talk about an extended cab. that's a toyota tundra truck and i've never seen a cab extended more that this one. this is a tonka, all about toys for folks who are a little bit older than children. you may have played with a
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tonka when you were little, but now you get to play with something like this. this is a tonka, four-runner, go anywhere, do anything. this is a crazy show, you can nt come to it because you're not in the industry, but you should because it's an interesting place. >> you have to get there at some point, jeff. we'll rely on you to do something about it. jeff flock with the latest there. a brand new quinnipiac poll shows neuro surgeons, ben carson in a statistical tie with donald trump and joining us presidential candidate rand paul who sits in the top ten. thank you for joining us. >> thanks for having me. maria: let's talk about your economic plan, your fair and flat tax, as you call it. how do you see that creating jobs? >> i think the main thing to understand jobs are created in the private sector, government doesn't create jobs, government is like thomas payne said a necessary evil, but it's not something that necessarily creates jobs.
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so what you have to do is leave more money in the private sector so that's what i've been saying all along, we need a tax cut. i don't want the tax land to be revenue neutral. i want there to be more money left in the private sector and less in the hand of government and i want a smaller government and a bigger private sector. maria: of course, the question becomes where does the revenue come from then in terms of the debt and deficits in this country. you want to move to a 14 1/2% of tax rates, size of deductions, and get this 14 1/2 business transfer tax. how do you make up the difference? >> you have to cut spending and all along, i've said i do want a smaller government. i want to stimulate the economy by leaving more money in it, but i don't want more deficits and i'm pretty much a deficit hawk. interestingly, you can actually balance the budget by cutting 1 is% across the board each year for four or five years, so i
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don't think it's really as difficult as some people say it is. but i want to eliminate entire departments. department commerce to me is corporate welfare. you could eliminate it tomorrow and you wouldn't know it's gone. most of the department of education can be taken care of by the state level, not the-- department regulation a wasted overhead and bureaucracy. a lot of government downsizing i would do at the same time make the tax code much simpler where you do your tax return on one individual post card. maria: we should point out that the tax foundation actually says over the long-term, they believe your plan would grow the economy by 12.9% in the long run. let me get your take on why we are where we are. you know, we just got the adp numbers out 182,000 jobs created for the month of october, sure, better than expected, but we're sort of stuck in the mud in this economy, two steps forward, one step back, why? >> we still have a large part of the population that's become
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nonworking and the unemployment figures measure those who have given up on-- work and not those given up on work. and jobs, everybody should have one and work ought to be associated with everything. i think that everyone who receives anything from government should work, not as punishment, but as a reward. i think there's something rewarding every day getting up and doing something and i think it can be productive from making things with your hands, to doing surgery, to working in a bank, every job has some reward to it and i think we've gotten away from that and i think we really need to instill in the population something that is so great about work and i think it could be associated with every welfare program we have not just a little bit, but every welfare program ought to have work involved. maria: i understand that, but i asked you why are we in such a slow economy. to what do you attribute this economy? >> a lot of the money that's
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created is sort of this false illusion of money created by the federal reserve and mostly tied up in banks. because we now pay banks to keep their deposits. quantitative easing has grown and grown and banks have grown, but hasn't filtered out to the rest of america. what you need, you need a smaller government and bigger marketplace, i don't think we've done any of that. what we've done is gotten a bigger debt, a million dollars a minute and some argue that this burden of debt is costing us about a million jobs a year. i think the burden of large government, excessive regulations and really, a tax code that chases american jobs overseas. we have a name for companies, inversion, companies are leaving. maria: we're about to lose pfizer, the 10th largest in america because it's acquiring a company in ireland to take the tax rates down. and senator, the implications
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of this easy money, the fed can't raise-- they don't see an opportunity to raise interest rates off of zero even now by a quarter of a point. what are the implications of this? >> i think in general terms, we should get the federal reserve out of the business of interest rates. maria: what does it mean? what are you going to do? >> well, i wouldn't have them setting the daily discount window. i wouldn't have them sort of taking the lead on fixing interest rates throughout the marketplace. interest rates are basically the price of money and we shouldn't have price controls. price controls don't work for bread, they don't work for soap, they don't work for water or food and we also shouldn't have price control on the rate of interest. it goes throughout the marketplace and gives people feedback whether they should expand their business or contract their business. when you don't have true market interest rates, what you end up having is a distortion of the marketplace where people overinvest and get a bubble or a false boom and correction, that's what happened in the
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real estate boom and bust, but we're probably headed for another boom and bust cycle where we have money created and much of it has gone into the stock market and many of us feel that there's a boom in the stock market there's going to be a correction for, but we late it back to the fact that the federal reserve is basically fixing the interest rates. i would leave them open to the market and the market would determine interest rates. maria: you know, you have a lot of plans and obviously some good ideas in terms of getting the economy back on track, but let's face it, you are at the bottom of the list in terms of resonating with the american people. can you put -- can you bring this back? >> you know, i think it's debatable. we had elections in kentucky yesterday and they said the democrat was up 5 points one day before the election. the republican won by 8 so they were off by 13 points. i think we need to quit putting so much credence in polls and look how hard people are working and whether they have an organization on the ground and ultimately let the elections decide it. if we're going to exclude
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people on polls that aren't accurate. i don't believe that donald trump or ben carson will be our nominee, that means that our polls are going to change 20 points in the next months and that's happened in the past, the polls have gotten it wrong and we're allowing people to run based on polls-- >> i want to ask you about the kentucky race, i'm glad you brought it up. the governor there many coming in from the tea party, and do you think this is saying something about the general election or is this just a kentucky story? >> well, i think it's saying something about the democrats in kentucky. you know, president obama has decimated the party. we're hurting, our economy is hurting, we've lost thousands of jobs in the coal industry and devastated one of the largest industries in our state and we blame president obama and rightly so-so he's cost a pall over all democrats in our
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state and difficult for them to win even when they try to run away from the president, they can't get far enough away from this president. he's destroyed the democratic party in kentucky and it will be to the benefit of republicans. we had a good candidates, matt beve bevens, a great candidate and people wanting nonpoliticians, and it's a good year for us and happy that matt won. maria: no doubt about it and that's what we're seeing throughout the country. let me ask you this because republican voters want to know who their guy or gal is that's going to be able to beat hillary clinton. let's face it, hillary clinton was the first lady of the united states, senator from new york, the secretary of state. how are you going to convince voters you've got the experience and know-how to beat hillary clinton. >> one, i'm not afraid to take her down. i've been talking about her failure to provide adequate security in benghazi for a year or two and i think it's
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affected her. and if you poll hillary clinton in five states won by obama, i lead her because i can attract independents. i believe in a policy that doesn't always have us at war. hillary clinton is more likely to have us back at war in the middle east than i am. i don't want the government collecting phone records. hillary clinton supported surveillance of all americans and that attracts a lot of young people and independence. i think we can beat them on the margins and i think i'm the worst threat. even though why i'm not doing so well in the polls i've gotten more attacks from the democratic party than any other candidate. maria: senator, i don't know how you had the time to write a book in the middle of campaigning. >> my wife helped me quite a bit and she helps me and she has her own book. together we're a writing team. maria: i'll see you next week
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in milwaukee. >> thank you. maria: senator rand paul. don't forget that fox business is teaming up with wall street journal for a debate, focused on your money and i'll be with my colleague neil cavuto, sandra and trish. we'll be right back. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts...
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let's talk about some of the pieces auctioned. >> there are terrific pieces. mr. taubman was a great buyer. he studied the art. he had the greatest expertise around him. there are pieces that will see probably make some headlines. they don't grow on trees, they're hard to get, these things don't calm to auction much when they're this good. frank stella, dekuhning and others that will see-- could break some records. >> you're seeing people come from all over the world to participate in the auctions? the debates over whether or not we're seeing excess in the art market, are we in a bubble now? >> we say we've been in a bubble for several years, there doesn't seem to be an end to it. we might be in a bubble with contemporary. we're seeing investors make mistakes with their contemporary. with proven pieces that have proof in our history, live the
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taubman collection, i don't think it's a bubble, that prices will go up. >> looking at upcoming auctions, prices, people expect regard highs this year and we've heard for the last years that we're in a bubble. are there certain names that are bubble proofs, if you buy certain names, you don't see a pullback in them. >> picasso, for example. he was the greatest in the art books and always will be. everybody would like to own a work by picasso. maria: that's gorgeous. >> i'm curious your read on china. i don't know anything about the art market, but like to think i know about china. in the real estate, london real estate, and certainly seems to me in art. >> we see a bit of that. what we see is buying of chinese works of art and we see
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them buying chinese works of art outside of china. and they buy in holland, because it has the largest and toughest vetting committee so they won't be sold fakes there. and they are, unfortunately, sold fakes in china. >> wow, that's interesting. michael, good to have you on the program. thanks so much. >> nice to see you. >> we'll be checking out the auctions. michel cox whitmer. we'll be right back. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern.
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>> welcome back. opening bell about 30 minutes-- about 30 minutes away from right now, mike, steve, good to see you today. >> i'm looking at facebook's earnings after the close. it's interesting if they can keep up the momentum. >> final thought can't wait to see you next week at the debate and we're going to get growth in this country. maria: the ceo of levi straws, and donald trump, jr., the first interview since his
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father began running and how this is affecting his family as well. we'll see you. "varney & company" is next. stuart: did america just take another turn to the right? yesterday's voting and polls should give encouragement. and san francisco says no to limits on air bnb and throws out the sheriff who released man who went on to kill kate steinly. they said no to legal pot and houston overturns a rights ordinance. now to the polls. bad news to hillary, she loses to all in a national poll and essentially tied with trump.

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