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tv   After the Bell  FOX Business  August 13, 2019 4:00pm-5:00pm EDT

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the issues. liz: hard to figure out, even as a top manager. i talk to business leaders now, they say, we don't know, depending on the headline! grady, thank you very much. markets have a fabulous day. the bulls surely in charge, on the run here. [closing bell rings] that will do it for "the claman countdown." melissa: trade optimism boosting wall street. all three major averages ending the day in the green, reversing opening losses after the u.s. trade-offs says tariffs on some chinese import will be delayed, in some cases they will be scrapped all together. the dow ending up 292 points. we had been up about 529 earlier in the session but we'll still take it. i'm melissa francis. connell: 300 or so. i'm connell mcshane. we'll take that. this is "after the bell." with the s&p 500 and tech-heavy ending in positive territory. nasdaq up almost 2% as it snaps a two-day down streak. president trump commenting on
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u.s. energy dominance in an appearance he made in pennsylvania. he said to make his way back now to bedminster, new jersey. we'll follow him and any breaking headlines. edward lawrence is at the white house for us. jackie deangelis on the floor at the new york stock exchange, and phil flynn watching oil and gold at the cme but with the tariff news, edward, we start with you. reporter: u.s. trade representative robert lighthizer announcing today they will delay some tariffs until december 15th, on some items based on health, security, and national security. they also, those items are on a list of 21 pages right here. yes, it does include underpants in those items. one of the big once, cell phones, laptop computers, toys and clothing, including footwear. all of those tariffs delayed until after the holiday season basically for buying. the tariffs are not going away, just delayed on other select items.
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another 122 page list shows will be under tariff that will happen on september 1st. that list includes a lot of items as you see scrolling on the screen there. this comes after a phone call between the two trade delegations this morning. in that call the chinese say that they offered stern representations against the tariffs that they are facing here. president donald trump says he is frustrated, he believes they can eventually come to a trade deal. >> this should have been 25 years ago, should have been done 10 years ago or five years ago. it should have been done a long time ago. this should been done by biden and obama. china is taking out $500 billion a year and much more than that, if you exclude the intellectual property. what i'm doing now should have been done many years ago. reporter: he is watching supply chains move out of china. something fed chairman jerome powell said is happening.
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even with the delay in tariffs the chinese commerce ministry spokesperson that china did not agree to give up anything in the delay with some of those tariffs. china still not buying u.s. agriculture, and that is frustrating the president. >> said they are going to buy farm products. so far they have disappointed me with the truth. they haven't, been truthful or let's say they certainly delayed the decision, but their intention to buy a lot of farm products. we did, we had a very good call with china. i mean they would really like, you know they have a problem in hong kong but they would like very much to do something. reporter: the two trade teams did agree to have another phone call in two weeks. so connell, they're still talking. connell: edward, thank you. melissa: now on to jackie deangelis at the new york stock exchange with the latest on the trade down there jackie. reporter: good afternoon to you, melissa. a well a positive day for stocks after the news edward just talked about. i won't recap it for but that
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delay in tariffs boosting momentum down here and getting investors excited that progress is being made back and forth. let's look at dow winners. tech got battered. apple was one of the leaders today. intel seeing some gains, caterpillar, industrial name there, unitedhealth as well. i want to move on to retail, that was another beneficiary of today's news. jcp, best buy, also, best buy is up more than 6%. also a leader on the s&p today. finally i want to end on facebook. let's look how that stock is doing. some reports out today drawing attention to the fact that facebook paid hundreds of contractors to transcribe audio. now this has been a conversation we've been having when it comes to amazon and alexa. there were people with knowledge of this work that were cited in the article. facebook actually responded and said, quote, we paused human review of audio more than a week
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ago. it is interesting to see exactly what they were using that audio for. it seems a little bit unclear at this point. this is a concern when it comes to investors. so, that stock was trading higher today, guys. melissa: we stopped eavesdropping on you a week ago. connell: don't worry about it. melissa: don't worry about it it's fine. it's fine. connell: let's go to the panel on the broader issue here of the tariff delay. liz peek joins us foxnews.com columnist, fox news contributor and gary b. smith, kadena group president, fox news contributor. we ended off the highs but still up nearly 400 point. what did you make of the market reaction after this delay i would read as about as close to an admission from the president as we're going to get that these tariffs, could have had an impact on american consumers going into the holiday season? now we have the delay. what does it mean? >> he is not impervious to the idea that china is slowing down, europe is slowing down, it is hurting our economy and the tariffs played a role in that.
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i think, this is a partial stand-down, a partial thank you, whatever. what we had was a complete and utter stalemate as of the last round of discussions. nothing seemed to be happening. yes, there was a far-off conversation supposed to take place in september after the next round of tariffs but no assurance anything was going to come from that. i thought this was pretty positive news. i think the market took it that way. connell: we know they already talked. we know they will talk, gary, within the next couple weeks. is your level of optimism, has it gone up a little bit? what does today change if anything, in your outlook? >> really nothing. look at really the net market move of the last few days. what are we at about zero. we're up 400, down 300, it is all over. what worries me we're at the mercy like we used to be and maybe still are, reminds me of any inkling we've had from the fed. the market would be up, it would be down. it is the same thing now on these china, the tariff
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headlines. really, nothing has changed. this is just delayed. what is going to happen, when we reach the end of the year and even september, there is sabre-rattling from both sides? is that another few down 1000 point days, up 1000 points days? melissa: oh, well. >> you can't negotiate this market. melissa: no. connell: it's a weird one. melissa: apple ending up more than 4% after the u.s. delays key items like cell phones and laptops. liz what is your take on this one? >> clearly an incredibly important market in china selling cell phones and sourcing from china. would i take a issue a little bit with gary's read where we are in the trade war. the truth is 80% of the american companies, 2/3 of european companies are beginning to move supply chains out of china. that is a huge development and i credit the trade battle to some degree with some empowerment if you will, of democracy movement
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in hong kong. so yes, the trade war has been sort of miserable. everyone wants it to be over. i don't think it had no ramifications. i think it has had several. melissa: gary, i think that is the point of the whole thing. >> yes. melissa: the trump is trying to move us and the whole world, wane -- wean us from dependence on china. that is not a bad thing. it may be painful in the short and intermediate term but in the long run it is probably a good thing? >> i agree with both of you it opens up free markets. i was never for, i think the whole thing, tariff, trade war is silly. if they wanted to dump goods over here at state -- melissa: we like that. >> i was all for it, yeah. absolutely. look, in any kind of trade jobs are going one way or the other. so i thought the whole thing was silly. so i think, look, if he stood down permanently and said look, we're all going to back off on tariffs i think that's great for the world's economy.
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connell: let's get on to another subject. we'll get back to all this. oil settled up today nearly 4%. that is phil flynn's department. what is going on, phil? >> connell, biggest up move since the beginning of the year, since early january. what oil prices are basically saying movement on the trade war which means we'll be moving goods, we'll moving more oil and that's very bullish. a lot of the oil traders, in this recent selloff in price, they have been pricing in predictions, have been made by economists say, hey if we get into trade war, we're going into recession. oil traders were pricing that in. well maybe the recession is canceled and oil prices have to come back. take a look at gold today. that was very interesting. before the announcement on the tariff gold was up $20. concerns about cutting, lowering interest rates. the strong dollar, flight to quality. after the announcement, gold broke almost $40, came back. the biggest reason it broke, if we don't get into a trade war with china, things cool down,
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maybe they're not going to manipulate their currency. so you know, in theory, that is not going to be as bullish for gold but at the same time you still have the world cutting interest rates. you still have yields at record lows. you put that together, it is still gold friendly. so i don't know if the gold moves over but we'll have more wild rides in the yellow metal for the next couple days. connell: look forward to that phil, good to see you as always. we look to the movement of people. the movement to the sunshine state. we have new data showing florida expected to see a big population boom over the next couple years. state and local tax deductions remain capped. gary, you probably can add anecdotal evidence to the trend that we're seeing in the state of florida. what can you tell us? >> yeah, look, i think, if you did a correlation between state taxes and how the economy is doing you look at places like texas, like florida, there is a huge migration here. you know right out of unfortunately or maybe
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fortunately the area where you guys are. connell: right. >> you look along that i-95 corridor there, new canaan, westchester county, all these people are coming down to florida. a lot of people with money are even giving up second homes there precisely because of the taxes. connell: right. and making those, people making their second homes their first homes, liz, so that they residency in florida. we knew this would happen. we've seen it happening for some time. >> there is no magic to this. if you have enormously high taxes in one state, none in another state, people will find that pretty appealing. this is not just by the way wealthy retired people moving to florida. although there is a huge exodus of that kind of person heading there. it is also people of modest means who can't afford to live in new york any longer because it is so expensive. melissa: yep. >> the astonishing thing is, new york liberal politicians and blue state politicians elsewhere have not learned a thing about this one day they will wake up, they will wonder where all their tax revenues have gone.
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connell: the day might be sooner rather than later for some of them. liz, thank you. gary, good to see you as well. melissa: speaking of liberal politicians presiding over empty cities where people have fled because of taxes did you know that bill de blasio will be on "bulls & bears" in the next hour? connell: i heard a rumor to that effect. melissa: i can't wait to see him defend that fat, sloppy tough, of government pork barrel against david asman in the next hour. it will be entertaining. i can't wait. connell: watch your dvrs. melissa: picking up pace from baseball, football, golf, sports fans are getting fed up to how long games are taking but will the impatience lead to any sort of change? connell: hong kong airport thrown into second day of chaos. police are clashing with the protesters. the latest warning from china to the demonstrators. what u.s. intelligence now knows about beijing's intentions.
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melissa: new details emerging on the death of jeffrey epstein as investigators raid his private island. there are mounting questions about epstein's wealth and the wealth of his brother. we'll speak to the investigative reporter at "the wall street journal" who is following the money trail. coming up. ♪ free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ mothat a handle is just a is jushandle.ir.
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melissa: not backing down. angry protesters flooding the hong kong airport for a second consecutive day, forcing the cancellation of dozens of outbound flights amid violent clashes with riot police. fox news's greg palkot is in london with the latest. greg. reporter: yeah, we've been tracking it all day. quite amazing stuff, melissa. it is actually 4:00 a.m. ish in wednesday morning in hong kong. things are pretty quiet at the airport right now. it was anything earlier in the day on tuesday. as you note the second day in a row the place was shut down by protesters, sitting in, blocking check-in, security areas. this day over 100 flights were canceled but the real trouble broke out when some angry protesters turned on at least one or two people thought were double agents for the chinese. riot police barged in with weapons, pepper spray, batons. the crowds fought back.
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there was bedlam on both sides injuries on both sides. the police targeted several demonstrators, and hauled them away. earlier in the day the beijing-backed hong kong chief executive carrie lam spoke. she called the situation dangerous. she said that hong kong was on a path of no return. critically, once again, did not get any concessions to the pro-democracy activists. it looks like in fact, hong kong could be on that way towards a point of no return. chinese state media as well as amateur video putting out scenes of chinese army tanks, armored personnel carriers, other vehicles, staging next door to hong kong. in fact president trump even tweeting out today, that u.s. intelligence says that chinese government is moving its troops to the border. as for the chinese government itself, foreign ministry speaking today, basically telling the u.s. to but out. it says officials in the u.s.
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have disregarded facts. they turned a violent crimes what they call a beautiful fight for human rights. we will see where this fight goes next. back to you, melissa. melissa: yes we will. greg palkot, thank you. connell: dan mitchell here, from the center for freedom and prosperity where he is chairman. as greg said, president tweeted about the purported build-up of chinese troops near the border he has been alerted to. he hasn't said much more. he hasn't taken sides on the outbreak of protests in hong kong. do you feel he should have said more than he said so far? >> if china actually goes in militarily, i think trump and every other leader in the world for that matter should be very critical but i actually give the president credit for being restrained because right now china probably is on a knife-edge of intervening and if trump starts saying something, that could inadvertently to intervention just to show they're not backing down to the
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u.s. or something like that. reality is, hong kong is a so-called special administrative region of china. they are not going to allow them to arbitrarily secede. what we need to do, what hopefully trump can help big, getting china to stay away, let hong kong go back to the very successful, prosperous economy it has been for the last 50 years. connell: that brings up a question about what china does next. all these reports whether the military will get involved, there is a tweet today that got a lot of attention from a person who is essentially a mouthpiece for the state media over there that is why this person's tweets are followed so closely. the tweet was, it is hoped hong kong can restore order by itself. that is the best end. if the development of the situation suggests there is to such hope, beijing's intervention will be inevitable. it's a hard choice, once it become as decision it will be a firm one. is it a sense we're close, we're
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close to that decision actually being made? >> i don't know if it means we're close to the decision but i definitely think it is accurate in that, if somehow the hong kong authorities can't eventually stop the protests, china will go in. and whether it is another tianamen square for not, i think at that would be very, very bad for the future of hong kong. investor will subsequently would be very scared of having money in hong kong. it would put them i think on a downward trajectory. it wouldn't be good for china either. why the best thing we can hope for is somehow to get this resolved peacefully. let hong kong go back the way it was, have china stay out. the whole extra decision bill that started this, was probably a mistake. connell: it has been tabled, delayed, what would be the way to get it resolved peacefully? take the extradition bill off the table completely? seems like protesters have moved on to larger issues and talking about democracy generally speaking in hong kong and that,
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when it is not defined, like the extradition bill was something tangible, this bill is out, now what? when you talk about larger issues like that, how do you come to a resolution that both sides can agree on? just hoping the young people go back to school doesn't seem like a strategy, although i've seen people speculating on that last few days. >> you hit the nail on the head. the genie out of the bottle or what metaphor. i don't think the protesters will not be satisfied taking the built off the table and putting in the garbage can. they want more. the business community in hong kong is not looking for democracy. they want free enterprise. divisions in hong kong and angry china sitting across the border. it is very hard to see how this thing ends well at this stage. maybe some face-saving move where the, where the leadership in hong kong is rolled over for
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a new crowd. you go back to the old policies, but who knows whether that can happen now. connell: incentives are interesting, right? you make this your last point, dan. you brought up if china, in your view, many others have this view, kind of needs hong kong, needs the economic freedom associated with hong kong associated for its own purposes right? maybe that could be used for someone's advantage here? >> when hong kong first turned over from british to chinese rule. the hong kong economy was roughly one-fourth the size of the chinese economy. china has liberalized, their economy is bigger relative to hong kong. hong kong is still far richer on per capita basis. hong kong is still a conduit for investment and economic activity into and out of china. so it would be bad for china to crack down on hong kong an unquestionably it would be bad for hong kong. it is really a tragedy, for people like me, hong kong is one of the few bright stories of the world where free markets have been allowed to flourish and
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people gotten rich. i would hate to see that go away. connell: many people agree with you. they don't want to see that go away. thank you, dan mitchell. melissa: confusion coming out of russia. a deadly explosion killing several people last week, may have involved a secretly powered cruise missile. we'll tell you what you need to know. failing to pass a recent inspection by the centers for disease control and prevention, you may want to hear this before, oh, booking your next cruise. liberty mutual customizes your car insurance,
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♪ melissa: all right. take a look at this. wait until you see it. it is a car in a pool. a man crashed his vehicle into an l.a. fitness, that was in seattle, not l.a. driving straight into the pool where
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people were reportedly swimming at the time. the man accidentally stepped on the gas when attempting to set the parking brake. luckily somehow there were no injuries. connell: at least there is that. melissa: yeah. connell: deep-fried democracy. presidential an candidates campaigning once again at the iowa state fair, pitching to key voters in the state. fox network's hillary vaughn has the story. hillary. reporter: kamala harris campaigning in iowa trying to sell progressive ideas like "medicare for all" to voters but not all buying that. >> we're paying for health care for everyone. it is in an emergency room. reporter: south bend mayor pete buttigieg stopped by the iowa state fair telling fox news it is hard to pitch ideas in the
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time it take as selfie with a voter. buttigieg did his best to make his case on the soapbox. one caucus goer asked the south bend mayor about trade policy, on a state that had its hard hit, soybeans and pork. >> they will run circles around us if we don't keep up. more than who is selling dishwashers. you can either resent the rest of the world or lead the rest of the world but you cannot do both. reporter: mayor pete wraps up a parade of 2020 hopefuls that poured into the away state fair. over the past several days every democrat running for president has stopped by the fair. back to you. connell: hillary vaughn washington for us. melissa: finally striking a deal. cbs and viacom reached a merger will combine, comedy central, paramount films and cbs
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broadcast network as well as showtime. if completed the companies hope to take on disney netflix and other big media rivals. connell: so that is finally done. melissa: yeah. connell: the mystery behind jeffrey epstein's death is still unfolding. why the wealth of his brother is also now in question. we'll talk to the investigative reporter at "the wall street journal" who has been following this case quite closely. that's next. melissa: plus the pace of play, and it is getting longer in case you noticed. critics are calling on sports leagues to speed up the game! that is coming up. ♪ 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ )
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at the mercedes-benz summer event. going on now. connell: pending ongoing investigations. the justice department announcing the ward enof the federal jail where the accused child sex trafficker jeffrey epstein died has been temporarily reassigned. two guards assigned to epstein's cell unit are on administrative leave. a spokes perp for the department of justice saying additional actions will be taken as circumstances warrant. melissa: as the investigation around his death continues officials also hoping to address the mounting questions surrounding epstein's wealth and the wealth of his younger brother, mark epstein. joining us now, gretchen morgan, "wall street journal" investigative reporter following the money trail. she penned the article, the
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wealth of jeffrey epstein's brother, is also a mystery. gretchen, when you read further down into the article and the research that you did, it is the same type of pattern seems like with mark epstein as it is with his brother where you have this bizarre signing over of assets to other people, and even in one case there was a yacht worth a million dollars that was just signed over to some obscure charity? tell us about that. >> right. what is interesting, melissa, now that he has passed away you will have a very intense focus on any kind of asset transfers, particularly for the plaintiffs, you know that have been suing him. they will want to know, did an asset, did any kind of wealth pass out of jeffrey epstein's hands? the reason they will need to know that is, was it a fraudulent transfer? was it a transfer that was made with the intent to avoid creditors, to defraud creditors? so that is an even more crucial
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question. we don't know the answer at this time but we do know that they were linked, he and his brother mark, were closely linked by the apartment building on east 66th street in manhattan and that of course was a building where jeffrey had models and employees staying for many years. so the building is central to this question about jeffrey's wealth and about the brother's. melissa: his brother was listed as one of the owners or was on the deed? what was his brother's connection to that building on 66th again? >> now the brother said he owned the building but we could find no evidence of that. we do see that in 2006 he was the president of the company that owns the building but we don't really see any kind of transaction. we do know that initially, the partnership that owned that building was an affiliate of j.
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epstein and company. from 1992 through '96, that affiliate is a crucial question. melissa: it could go either way for him. on one hand he is the closest living well tiff. if there were assets in theory, they would pass to him, although obviously, everything is going to be frozen. therethere will be those with judgments against him. the flipside of that, if he has ill got engains he got from his brother before his brother died, those are things as you said if they were passed fraudulently should go back to some of these plaintiffs suing him, right? this is a really essential piece of the puzzle. >> that's right. the lawyers are saying we're just starting out, we're just starting to look at this. it is an unanswered question now. melissa: what do you think happens next? how hard is it to go through with forensic accountants all these different details, especially when there is going
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to be money outside of the country and all kinds of different things? >> of course these investigators, melissa, have subpoena power, which i don't have. they will be able to get this much more quickly than we were. but it really is a crucial question. they will be all over it. and, you know, subpoenaing banks, et cetera. melissa: in the end, i always wonder, do you think we're talking about much more money than we thought? will it be one of those cases where, they say he was worth billions, when it comes down to it, it was much smaller number? what's your gut instinct on this, having looked into it? >> wow, that is a tough one. i would say that not billions but possibly more than the 550 million that, he was stated as his net worth to prosecutors. melissa: gretchen morganson, thanks for your reporting and bringing it to our show. >> thank you. connell: much more to come on that. russian nuclear mystery to talk
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connell: an explosion, a spike in radiation, evacuation preparations. new fears russia is pursuing dangerous technology that could be an attempt to beat u.s. defenses. let's go to jennifer griffin from the pentagon with the latest on all of this. jennifer. reporter: connell, at first the russians downplayed report the of a radiation leak and only two people were injured. the casualty figures rose and five days later an evacuation finally has been ordered and a special train is dispatched to northern russia to ferry away anyone exposed to radiation. they believe this was engine test for the nuclear powered cruise missile known as sky fall.
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ships known to carry nuclear future near the test site, medics who treated victims were sent to moscow due that their exposure increased radiation levels 16 times above northern levels. thousands attended funerals for the nuclear scientists during the failed test. they were on a barge at sea, when the explosion threw them into the frigid waters. russians are panicked about the increased radiation levels. it is designed to fly anywhere in the world to evade u.s. missile defense systems. so far it has not passed the test stage. the u.s. tried to develop the missile in the '60s. >> technological nightmare and ecological hazard. this is not a technology that makes a lot of sense for the united states. for whatever reason the russians have different sense maybe because they treat environmentalists differently than we do in the united states. i'm not sure this system is ever going to work. reporter: president putin touted the success of a new hypersonic
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cruise missile in a state of the union address last year. this missile appears to be subson i can and more like a nuclear powered airplane according to experts. russians tried testing the sail missile a year ago, and it crashed in the arctic. the program has faced multiple setbacks. connell? connell: thanks, jennifer griffin at the pentagon. melissa: we have nancy grant. you say the key words are rocket engine. why do you say that? >> it sounds like the russians are trying to essentially develop a two-stage missile, an old school ram jet, combined with a little on board nuclear reactor to heat the air, extremely difficult to do. my guess they may have had an explosion in the rocket fuel, that is basically the ignition or the first stage of that system. melissa: one of the reasons for that is because they have been making their on rocket fuel, right? >> it is so complex but hydro
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seen and other ingredients are on the sanctions list after russia invaded ukraine, took crimea. germany wouldn't sell them this particular chemical. they have been trying to brew their own. that may have led to some of the problem. also the fact that we're getting reports that it was a test out a little bit into the water suggests again they're trying to test this very complex, not ready to go engine. melissa: so what is the response going to be from the rest of the world? what does this, how big of an impact have on everyone else? what does it make people in their neighborhood think? >> great question. also for the russians because big picture, putin is trying to develop some shock weapons for a bunch of reasons, to prove russia is a strong power, impress the chinese, nato, and maybe as a bargaining chip to do arms control or even get some of those sanctions lifted. so this looks bad for putin, both internationally. we can see why we're out of the
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inf treaty. it also banned domestically as russians see the risk he is exposing them to. melissa: yeah. does the u.s. have any sort of response to this? >> well president trump had a pretty interesting response saying hey, we can tell that missile isn't working at this point. he does have some others that are working, putin does. i think at this point we just watch, to try to understand more what they're doing. this is all the more reason to keep a hard-line on with sanctions for putin and to really, really be careful. really underscores that the u.s. was right and nato was right backing us as we pulled out of that intermead intermediate nuclear weapons. putin cannot be trusted. >> you don't think it is something that will ever work, what are your thoughts on that? >> it is puzzling you want the weapon to be very fast and hypersonic or long endurance this. is sort of neither one.
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it is incredibly difficult. if they can put the nuclear reactor inside after missile, it will be slow. that means it can be shot down. so i understand the military utility of this type of weapon. it's a shock weapon. melissa: yeah. they shocked themselves unfortunately. rebecca grant, thank you for your time. i appreciate it. >> thank you. connell: in this country we're bracing for more dangerous weather. towns across 13 different states under heat advisories, ranges from texas to the midwest, according to the national weather service. forecasters warning of heat exhaustion from the muching heat wave. temperatures climbed as high as 120 degrees in some areas. forecasters say a cool front should help to ease the intense heat by wednesday. but it is pretty bad in a lot of places. >> showers that sprayed brown water? bagels covered with flies? and ice fishing with black debris? i will throw up. these are the few of the dozens of sanitation issues on a major
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cruise line. what you need to know before booking your next vacation. i cam going to be sick. connell: that is all i need to know. melissa: plus is this game over yet? sporting events getting longer by the minute. why the slow pace could end up damaging going to games for fans in an impatient world. that's next. ♪ (vo) the hamsters, run hopelessly in their cage. content on their endless quest, to nowhere. but perhaps this year, a more exhilarating endeavor awaits. defy the laws of human nature,at the summer of audi sales event. get exceptional offers now. all right brad, once again i have revolutionized
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♪ ♪
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♪ ♪ ♪ ♪ ♪ ♪ connell: hurry up and wait. you probably heard that saying before. it is the way many fans now are probably feeling as games across multiple sports leagues are just getting longer and longer. in fact, last night, the tampa bay rays beat the san diego padres 10-4. say you were watching in tampa's hometown, down in florida or anywhere on the east coast for that matter, you would have to stay up till almost 2:00 a.m. the average major league
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baseball time takes 3 hours. it is already in average 4 minutes longer in the last year. the commissioner coming in -- they tried to speed it up, 20 second pitch clock on, long gone are the days of pitchers like steve the human rain delay as they used to call him delaying the game themselves. now, it's just not only baseball, by the way, the pga tour says it would review policies on pace of play in golf, after there was some outrage in the twitter world after how long it took a player to put a putt in -- actually didn't even put it in. he missed the putt at the northern trust open this weekend, but he took forever to putt the ball. we took forever to get fox news headlines 24/7 sports reporter. i thought it would be ironic to have the longest intro. [laughter] >> that was almost like the story that kind of set up our piece today. the "wall street journal" >> very funny story.
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>> very funny and beautifully written. connell: do you think this is a problem? >> my problem is it is usual people making a big stink about this. it is a personal choice matter. i like the slowness of a baseball game. an nba game lasts hour less than baseball game. an nba game is almost unwatchable because of its pace. the first quarter doesn't really mean anything. you are only tuning in for the final two minutes. we're so busy in today's world. everything is so important to be done now, we actually schedule time to learn how to breathe, have yoga and meditation ever been more popular? no. it is because of this. connell: i think baseball does have an issue. i was out at the all-star game talking to jon smoltz about it. everyone thinks it is the pace of play, maybe that's part of it. baseball and some other sports, the issue, is there's not enough action -- the way the game is played now, everybody is
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striking out, walking or hitting home runs. i wouldn't mind if it took 3 1/2 hours but a little more action to watch. you are not just waiting around for something to happen. i think that's a larger issue. i don't know if you agree. >> i'm happy truthfully with the way the game is. connell: okay. >> i like the 162 baseball games. that's three hours of programming potentially that i might be interested in every single night. basketball is not the same. football is such a great sport because they reset after every play and pace of play with golf is very interesting course. that player walks the course faster than about anyway. it's start to stop traffic. that player is very meticulous and thorough. he can sign autographs backwards left-handed and he's a rightie. connell: so what? >> that's the weirdest skill anyone has ever had. >> right but he says he dedicates himself to learn thing. he's very thorough.
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connell: i'm going to watch golf because tiger woods is playing not because this guy can sign an autograph backwards and apparently left-handed. you don't think there's any issue in any of these sports. i talked about baseball. let me take football, for example. in football the problem some say, now, of course they are making money like crazy, in baseball they tend has gone down a little, the revenue is high. in football, the average length of a game is three hours, the issue is all the breaks. the ball is not in play as much. >> connell, we have so much importance now on legalized gambling. you have it in ten different states and eight more passed legislation, with that is going to come greater need to get call each right. instant replay will make games longer. same thing with baseball and basketball. i think it goes down to personal choice. some people go to eat. they want to eat six nuggets and get it over with. other folks want to sit, eat a big meal, cut little pieces, little bites, that's the way we're supposed to. connell: the hot dog eating contest. >> i don't eat it that way, my
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friend. i eat it at a good pace. however it takes to play the game, it takes. melissa: i don't know about that. connell: i think it is too long. jared, thank you, great jared max. >> great connell mcshane. melissa: carnival cruise line is taking quote corrective action after the oldest of its cruise ships failed a recent inspection by the cdc. the ship scoring 77 out of 100. it's the worst score in its history. brown shower water, multiple flies on the bagels, bread. carnival plans to correct the issues before obtaining another inspection. you think? connell: you made it. melissa: they are going to correct it before another inspection? by the way, do you love it when i sit on the side lines and i sort of make noises during your interviews? connell: i don't mind it at all.
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your punishment was you had to read that story which is a perfect set up don't you think for next hour, delaney and de blasio coming? a great lead-in. melissa: the flies on the bagel, is that a comment on new york city? here's bulls & bears. david: we have a 2020 for you on this special hour of bulls & bears today speaking with new york city mayor bill de blasio and former maryland congressman john delaney. we will address taxes, health care, immigration, and a lot more, and we thank you for joining us. i'm david asman. joining me on the panel today is carol roth, christina partsinevelos, gary cutbaum. mayor de blasio saying he wants to tax the rich in the

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