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tv   After the Bell  FOX Business  March 22, 2019 4:00pm-5:00pm EDT

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access to cheap money. the message it will stay cheap longer is not particularly strong indication -- [closing bell rings] ashley: down 454. s&p, nasdaq across the board a sea of red. connell mcshane and susan li "after the bell." susan: wall street ending the day in the red on fears of global growth, stocks plunging, 10-year treasury yield dropped to 2019 low. so we're ending at the lows of the day, down 458 points for the dow. i'm susan li, in for melissa francis. connell: i'm connell mcshane. this is "after the bell." s&p 500 also down significantly today, down 1.9%. tech-heavy nasdaq what was five-day winning streak, 2 1/2% decline, down nearly 200 points both extending losses for the week. we have you covered washington
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to wall street. gerri willis on floor of new york stock exchange. gerri, a brutal day. reporter: it was so bad, that the only bright spot was shaquille o'neal coming down here saying he was on the board of papa john's and giving away pizza. that is a session low, 1.7%. s&p down 1.9%, or 54. nasdaq, down 2.5%. look what happened this week. jpmorgan, disney, nike, three stocks in trouble here. i want to mention nike having core earnings report saying that sales were down in north america. that is also fueling some of these worries about the global economy, the broader economy, the u.s. economy. looking at stocks that did well this week, apple, up pretty significantly. they have announcement on monday about streaming. we're expecting a lot out of that.
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don't expect them to beat netflix that will aggregate content providers, take a piece of the action. lots of interesting stuff going on. version of the yield curve. big talk down on the floor of the exchange. we'll watch that. back to you guys. susan: inversion definitely a concern as this preceded every recession since 1975. let's move on to talk about the white house. calling him an outstanding choice, president trump announcing his latest pick for the federal reserve board. let's go to straight to blake burman live at the white house. a name we're all familiar with here. reporter: a name we're familiar with, steve moore, one of the president's top economic advisors during the campaign. the president safe to say he regrets pick of jay powell to be the fed chair. today he announced he is putting in someone more friendlier to his economic policies than what powell has been. moore was an advisor along with larry kudlow to the president during the campaign that helped shape his economic platform.
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also helped put together the tax proposals policy, what is the instance of tax proposal policies. moore is known in washington. has conservative credentials. at heritage foundation. started club for growth. he is contributor for fox news, fox business, more recently cnn. moore has been very critical of the fed in recent months, critical of their decisions towards the end of last year to raise rates. he wrote an op-ed in "the wall street journal" last week and that op-ed was titled quote, the fed is a threat to growth. fast forward a week later the president tapped him to be on the federal reserve board of governors. here is president trump earlier today. >> nominating mr. moore to the fed. you know who i am talking about. that he will be great on the fed. reporter: this is the reaction from moore. he tweeted out following, president trump thank you for the opportunity to serve and accelerated commitment to the economic engine from overreach
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and excessive taxation. senior administration telling me, when you look at the time frame, susan, connell, moore has to go through the clearance process and confirmation process on capitol hill. they hope it works out over the upcoming couple months. keep in mind as well, if steve moore is confirmed to the federal reserve board of governors, there is still one more position open that president trump will get to nominate. susan: very interesting development. blake, thank you so much. connell: take all of it to the market panel. john layfield with us, layfield report ceo. also a fox contributor. we're joined by kate warren from edward jones. she is an investment strategist. john, i go to you first on the big picture debate happening in markets if we can. susan mentioned the inversion of the yield curve everybody was talking about. really when you break it down everybody is debating the slowdown happening in global economies, we know it is happening in europe, happening in china, whether that spreads here to the united states. or whether it is the president and others contend, united
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states is the place that kind of a safe haven where the money comes into, we can avoid that. what is your take? >> united states is bit of a safe haven. look at europe with manufacturing data that came out. look what is going on with the eu. there is chance if the uk drops out of the eu in a hard exit that at this time rally could drop off also. that portend disasterous result for eu. certainly not good for the economy. there. china, manufacturing data came out shows slowing. right now the u.s. is one beacon of light right now, marketplace to invest but we're looking at some type of a slowdown right now about i don't think necessarily it is recession. we're looking at full employment. wages are growing. that doesn't usually lead to recession. connell: let me take that to you, kate on the bond market question. 10-year treasury yield is something to see here, we saw inversion with the 10-year yield
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dropping below that of the 3-month treasury first time since 07. john says no recession is coming. this particular metric by itself signaled in the past we're heading into the recession. what is the signal this time from where you sit? >> it could be signaling a recession. certainly you don't want to go against the last seven-times when it has. if you looks back the 8th time, yields inverted it wasn't recession. it is not perfect but it is very good. i would also say while that happened during the day, unless it closed at difficult point than where it was a few minutes earlier it didn't close inverted. i think that is important as well. let's look at bigger picture. i think john's correct. we don't see lots of signs of recession ahead of the u.s. even in the rest of the world where growth is also slowing it looks like they're likely to bump around very, very slow growth. what we're looking at now, the
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worries how much growth is slowing, but stays positive in the u.s., our view, two, 2 1/2% which isn't that different from what the fed said earlier this week which was 2.1%. that is not recession territory. it is not suggesting recession is on the horizon. the economy's natural state is to grow. we have more jobs being created. more people are productive. it take as shock to push the economy into recession. we haven't hit. connell: john, sounds like you and kate are on same page. what is happening in the bond market. maybe we're seeing sort of bottoming of rates, if so, what is next for the stock market? >> i agree with kate. i think, i think we're going to slow down, we're going to have recession at some point. the question is when. trees don't grow to the sky obviously. obviously we have one next 12 to
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18 months. it doesn't look like that. the market is still the place to be to put your money. there is not other places in the world to put money. the one thing that worries me is trade war, tariffs we have ongoing. it disrupted global supply chains. if we ratchet up the trade war we'll have problems in my opinion. connell: good enough. susan. >> apple has been on a tear taking a hit today after retaking the title as the world's most valuable company surpassing microsoft ahead after big launch event, john, where they launch the streaming service. bundle up apple news into maybe $10 a month subscription. up 30% in two months. the fastest, biggest rally for the stock close to a decade. so there is a place to put your money. >> i think so. i've owned apple for some time. i'm happy with this stock appreciation. i owned it since the 90s
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couple years ago. susan: lucky you. >> apple is service company. they haven't had monumental change. not seeing something, new genre invented by tim cook but he is very competent and good ceo but there is only one steve jobs. but what he has is enough. 1.5 billion device in the world, apple, one kind or another. to go to streaming services or services they project services will be $50 billion above their revenue in two years. to me that is a big growth story for apple. susan: kate, a lot of analysts say if we hit the $200 for the stock, the question of when in 2019. dividend went up 16% last year. they're giving back $130 billion. that is where they need to get to for cash neutral. it is kind of like an atm machine? >> i'm sorry, was that to me? susan: yes, kate. >> okay, yes, sorry. we have hold rating on apple. while we think it's a very good
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company we think overall the stock likely to do well, we think the current price reflect as lot of good news you were just talking about. we would be looking at apple saying where else are there better opportunities? in particular we actually think there are better opportunities internationally. john said the best place to be has been in the u.s. i think the u.s. is very good but looking internationally where expectations are so pessimistic compared to what we're likely to see. if we get any better news or european growth, if we get any better news as the trade war with china gets resolved on chinese growth, we're likely to see international stocks outperform domestic stocks. we like apple. make sure what you have is a broader portfolio. look for places that people are looking away from, because that may be where the better opportunities lie. susan: value investing. john and kate, thank you so much. connell: we have some breaking news coming in on the chinese company huawei. this is just in from the european union. the eu is set to ignore u.s. calls to ban huawei
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technologies. u.s. has been out saying other countries should ban huawei. there is new report out from reuters. it is a little more complicated than that. the eu will urge member companies to monitor the risk of 5g technology. this is not binding but they will ignore calls from the united states to completely ban huawei which the u.s. is pressuring. susan: germany and the uk will continue to work with huawei, two of the biggest allies to the u.s. so it is interesting that we have this recommendation from the european union. connell: absolutely. susan: still individual governments not swayed just yet. connell: nope. susan: talk about gm, general motors announcing a major jobs initiative in the united states, following recent criticism from president trump. we're bringing you to a gm factory in michigan where our own jeff flock spoke to the company ceo. >> the president ramping up rhetoric on foreign automakers
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pressuring them to build products on u.s. soil. steve forbes, with more on that next. susan: google requesting a meeting with a top u.s. general. why the company's artificial lab, in beijing is raising concerns at the pentagon. ♪ after months of wearing only a tiger costume, we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪ so even when she outgrows her costume, we'll never outgrow the memory of our adventure together. unlock savings when you add select hotels to your existing trip.
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susan: feeling the heat from the white house. general motors gm pledging a 300 million-dollar investment in its michigan plants with 400 new jobs being created, just days after president trump called on automaker to bring jobs home. fox business's jeff flock on the scene, got the details from the company ceo, mary barra. reporter: here at gm's orion township assembly plant they make the chevy bolt and chevy sonic. but they will make a new electric vehicle that was slated to be built in china. that was announced by gm ceo mary barra. we talked about whether this announcement was in response to the president's criticisms last week. we also talked about the new vehicle. you don't have a name for me, do you? >> we haven't released a lot of product details yet. i'm looking forward to it. reporter: this is something i'm planned i was told weeks or
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maybe months ago? >> it is something we've been working on quite a while. we're excited to be able to share with the team members at lake orion we're investing $300 million and we'll be creating 400 jobs here. it's a great workforce. they do a great job building the chevy let and sonic. we're very excited. reporter: some would say is this response what happened to the president and tweeting over the course of the pat week? >> i think you know it is complex to do everything to make announcement. make sure we get everybody aligned significant not only for the community but the state. this is something planned for a while. reporter: mary barra told me that she takes responsibility perhaps not communicating to washington or general public the complexity of the auto industry and the gm net hiring people, not laying people off. that is the latest from here. susan: great coverage from jeff flock today. connell: while we're on the
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subject, susan of autos, president trump ramping up his pressure on foreign automakers speaking to our own maria bartiromo on that. let's take a listen. >> if you slap tariffs on auto, auto imports, doesn't that affect the global stream of foods and economy. >> it does. >> isn't it expensive? >> end game they will build the plants in the united states. they have no tariffs. connell: steve forbes, forbes media chairman. the president said it, we know what his goal is in terms of an endgame. what about the methods, tariffs, getting from that goal, if it comes to that? >> if they put tariffs on auto imports and auto parts that will have devastating impact on european economy, the u.s. economy. these are very complex global supply chains. it raises prices of everything. after all cars are used for transportation. trucks are used for transportation. connell: can you explain a little bit, i think i understand it, but the idea, looking
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simply, boy, if they put tariffs on their automakers ours will do better, but gm, ford don't support the tariffs. >> they don't because they have complex supply chains. when you buy a car manufactured in america, 20 to 40% of the parts are overseas. this is very sophisticated. that is why they oppose it. usually industry says we love it. auto industry is very competitive. margins are very small. americans armed with handheld telling you what latest offers are from competing dealers. margins are under pressure as well. connell: one other interesting part with the discussion with maria i thought at least, she brought up the 25% tariff in place on light trucks. would the president give that up to go to zero tariffs? he said no. europe offered that. i'm not willing to do that. the reasoning was, the chevy will never be as popular over there as bmw and mercedes is here. he is not willing to level the playing field he is said.
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what do you make of that? >> why you have to worry about what is happening here. i ultimately think we'll get a china deal in the next few weeks. connell: yeah. >> but if that auto thing blows up that will put europe in recession. that will impact us. one of the reasons why the first quarter will not be as good as last year was precisely because of uncertainty what the rules of the game are going to be. you don't turn these things off like a light switch. if the people are uncertain, they hold back on investment. that is going to hurt. connell: ask you about another topic in a moment. strikes me you think this particular subject, i know tariffs, you're opposed pretty much across the board, autos, is important in terms of you know, do we go into recession or do we avoid it. why is this particular industry and these particular tariffs so important to the economy overall? >> well the auto industry is large part of the u.s. economy. connell: yeah. >> a major part of the german economy which is the lynchpin of europe. it also affects other parts of
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the economy in terms of transportation. foreign automakers have been investing in this country 40 years. they have main jo facilities in south carolina, alabama, tennessee, elsewhere. connell: sure. >> it shows when you're not hobbled by union rules you can make cars in america. the idea we have to have all cars made here, sold here, that is not the way the world works. what is a u.s.-made auto and what is a foreign-made auto? foreign-made autos have often u.s. parts in them. connell: it is complicated. >> it is complicated. >> the other subject, we'll see what the president does on that, we already know what he is going to do, he plans to nominate steve moore to the federal reserve board of governors. he is well-known here and other cable news outlets over the years. i was interested, you may not know this, i happen to be looking at what i would loosely call economist twitter if that is a thing and there was a lot of back and forth about steve moore. oh, he is not qualified. he is too political.
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he wanted to fire jay powell. now he will be part of the fed. you know him. what would you say about steve moore? >> precisely you want him on the federal reserve board which is ingrown and needs an outsider to shake things up. steve moore doesn't believe prosperity causes inflation which is holy writ at federal reserve. president wants him on the board to bring real world reality to the institution. economics profession is up in arms not because he is not a formal member of their -- outlyers often bring good things to the table. i hope he is nominated formally. gets through the senate, sits on the federal reserve board. by golly they need a shakeup intellectually. time for diversity on that board. connell: steve moore has steve forbes in his corner. >> that will be more for the fed. susan: connell does in free time. economist twitter. betting against beto. president trump welcoming the democratic candidate in the race with open arms.
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why the commander-in-chief hoping beto o'rourke is his opponent. the nightmare that won't end. heavy rain pounding the nation's heartland as floodwaters continue to rise. we're live in illinois with the very latest. ♪ ♪
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connell: breaking news here from the ipo world. we received word that pinterest is filing for initial public offering looking to raise $100 million in the process. it intends to apply to have its class a common stock listed on the new york stock exchange. the ticker symbol will be pins. coming from reuters, pinterest ipo looking to raise $100 million. susan: we'll look at pricing. rain torturing the midwest. millions are dealing with this ongoing disaster. mike tobin live in illinois with the details. mike?
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reporter: susan, here along the rock river in illinois the water is down a bit. that doesn't mean the people here can go back to their homes. they have to worry about everything from potential sewage contamination, undermined roads, even the potential of mold. that being said, take you to live pictures with fox news drone in rulo, nebraska, this is on the border with nebraska and missouri, 52 miles from where the missouri river was expected to crest today, that is in st. joseph. as the drone flies around, you should see things like miles and miles of farmland under water. tops of irrigation pivots used to keep feeds from drying out. they're all under water. as we show you the handscape, we have early estimate of damage from nebraska. $1.5 billion. most of that crops and livestock. iowa's governor requesting emergency federal reserve. estimates 1.$6 billion. a substantial portion lost to
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livestock and crops. people in the flood zones explain the loss, why so many farmers were not able to get goods out ahead of the floodwaters. >> the thing is, there wasn't one, one year of crop loss here. there was two years in some people because their grain was still down there. everybody says, why didn't they get it off? you couldn't. the roads were tore to heck when it started thawing. reporter: the army corps of engineers said there were 28 levees in the missouri river flood basin that had failed. even more getting ready to fail. that being said the meteorologists do not have good news. there is a lot of snow left over from the "bomb cyclone" storm. as soon as gets warm, the snow will melt to add to the groundwater. the ground is already saturated. when it enters groundwater nowhere to go except rivers already over the banks. susan. susan: thank you, mike. connell: fallout to report for boeing. you look at shares of the
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company. they were down today. indonesia's flagship air carrier becoming the first airline to cancel its multibillion-dollar order for the 737 max jet from boeing. indonesia shun airline citing passengers lost confidence in the max, wake of two fatal crashes within five months. susan: threat to the national security. why top u.s. general joseph dunford is sounding alarm on google, the ai initiative in china. plus not backing down. president trump slamming the mueller probe as quote, witch-hunt. as white house braces for looming report. potential legal fallout coming up. cracking down on robocalls. the latest move from congressional leaders to limit the calls and punish the telemarketers. ♪ where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers.
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points. all three major averages suffering the worst day since january the 3rd. the dow, the s&p 500, all nasdaq, negative for the week. breaking minutes ago, pinterest filing an ipo of up to $100 million. it intends to apply to the class a common stock which will be listed on the nyse listed under pins. connell: chairman of the joint chief of staff talking to google over concerns about the company's artificial intelligence work in china. fox business network's edward lawrence joins more on this he is at the white house reporting on this story and a little bit more. edward? reporter: connell, more broadly the joint chiefs of staff chairman is concerned about the business climate in china of u.s. companies. the forced partnership of companies with chinese companies
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puts chinese party communist members in direct access to trade secrets this is most concerning for them in the technology sector. >> if a company does business in china, they're automatically will be required to have a cell of the communist party in that company and that is going to lead to that intellectual property from that company finding its way to the chinese military. reporter: the chairman of the joint chiefs of staff says he is meeting with google executives next week to talk about his concerns. google is doing artificial intelligence project in china but they say, the company says it is related to education. kindergarten through college. as this debate is going on, the president tweeting out he will roll back sanctions on at least additional sanctions on north korea. the president saying he will roll back sanctions on two chinese shipping companies that are still doing business in north korea. the president making this over a tweet. white house press secretary saying quote, to this president trump likes chairman kim and he
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doesn't think these sanctions will be necessary. to that the democratic national committee deputy director says this is quote, totally insane. he says that the president should not remove sanctions because he like as dictator. connell? connell: edward lawrence, there at the white house. susan: a lot to talk through. michael o'hanlon from the brookings institute. i will start with north korea first of all, that was head scratcher, going against your administration recommendations because you like a dictator. your thoughts? >> yeah. i can't really support president trump on this one. i have been somewhat supportive of his over all approach to north korea, even though it flown in the face after lot of orthodoxy about diplomacy. some people think he was too cozy with autocratic leader with human rights record and nuclear weapons program. i think there is a logic, as long as you keep the sanctions in place. because if you don't keep sanctions tough, kim has no incentive to denuclearization. he will not do it because he
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likes donald trump personally. susan: exactly right. >> it needs to be much more of a sense, what is the benefit to kim of at least partially denuclearizationing which is the right. not complete. susan: president trump's unorthodox in his methods. he was keeping sake shuns in place, the reason he walked away that north korea would want them oaf before they denuclearize. maybe this is tactic to bring them back to the negotiating table to make them get rid of their nukes? >> maybe. i don't see any real logic in this one. there have been lot of trump administration approaches to north korea that fit into a strategy that has become reasonably coherent. i don't think today helps. i think it's a step backward. it is not the end of the world. it's a couple of specific chinese companies. i think it is mistake and we should not lighten up on the sanctions pressure because south korea and china would both like to lighten up on the sanctions pressure. if we set an example that will
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lead to other bad things happening. pretty soon north korea has no particular reason to do a deal at all. susan: stick to the hard-line. i get it. michael, speaking of china we were just hearing from general dunford and his concerns about google especially working with artificial intelligence with china and education and open source free software, do you share the same concerns? >> this is a really hard one because as we all know software is really hard to regulate. it is not like engine technology and also software that is used for education might have the kind of capacity, or coding that could then be applied to other purposes. so we might be in a world we sort of need to have blanket limitations on u.s. companies collaborating with chinese companies in the artificial intelligence domain. i don't know how to set up an arms control or export control regimen that allows some cooperation in benign areas but prevents any spill over into
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military significant area. until we figure that piece out and talk about it clearly with each other -- susan: hard for google to have any control of it period. it is not in their hands? >> yeah. i think we might be moving towards more of a blanket ban where this kind of artificial intelligence collaboration will not be allowed, at least not until we figure out a way to create stovepipes. i'm not sure it is even possible based on how software works in this realm. susan: michael, good to see you. connell: interesting discussion. as we set the stage for 2020, president trump weighing in on certainly already crowded democratic field. why he says he is dreaming of one particular matchup. taking on the robocallers, aye yi yi. will telemarketers be held accountable? we can only hope, susan li. ♪ our grandparents checked their smartphones
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connell: dreaming of beto. president trump sounding confident when it comes to any of the potential democratic opponents when he was interviewed, talking about the 2020 election. here he is. >> my attitude is, i wouldn't mind. i would love to have biden. i would love have to have bernie. i would love to have beto. beto seems the one the press has chosen. >> is this socialism versus capitalism. >> when i watch beto, i say we could dream about that. connell: fox news political analyst, gianno caldwell, john summers, former communications director for harry reid. john, start with you, the president could have taken any candidates. at end of comments to maria he went to beto o'rourke. it sounds like whenever he attacks someone on twitter interview, that is the person he
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wants to run against. is that a dream matchup for president trump the way you look at things? >> well the way i look at it, steve bannon actually said recently to some republicans in italy that would be the candidate he would be most concerned about in terms of president trump going up pens him, i thought to be fairly interesting, yes, he raised $6.1 million in the first 24 hours of his announcement. however he is at 8% in terms of likely voters choosing as first choice, versus someone like joe biden who has the obama legacy behind him who is popular and like, this individual is polling number one 35% across the country with likely democrats. further in the early states of nevada, iowa, new hampshire, south carolina he is polling 39%. i would think that the candidate president trump should be concerned about, considering he appeals more to working class voters. connell: john, give me two names, looking at president
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trump's perspective who is the dream matchup, among the major contenders, who do you think he wants to run against? and to gianno's point who should he be most afraid of? >> i think he is responding to the polls. as you just said, he goes after the people who he is most afraid of. those three people who he named right off-the-cuff are the three people he is most afraid of. connell: okay. >> i think his dream matchup would be anyone but those three in his mind right now, but i think it is so early, it is hard to tell. connell: he didn't mention kamala harris for example, for that reason? that is your point. >> exactly. if you saw her as bigger threat he would say he would want to run against her. connell: who do you think is the biggest threat? is it conventional wisdom, isn't like biden, gianno says and many others say? >> i think so. that is what the polling says and atmospherics when i talk around the country talking to people, that is what i'm hearing. there is a lot of enthusiasm about biden. hopefully he will make a
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decision one way or the other soon. connell: he is not in the race yet. everybody seems to think he will get in the race, the former vice president. there are reports about what he will do when he gets in, some sort of a political gimmick, for lack of a better term. will he choose a running mate before the primaries? i'm only running one term as opposed to two? any of that stuff make sense to you. or joe biden get in the race like any other candidate would? >> i would think he would get in like any other candidate. keep in mind, last go round in 2016 his biggest regret was not running, who his son who passed said dad, you should absolutely run. that was his biggest consideration. when we consider stacey abrams. that doesn't add to much. 11% of african-american men voted against her in favor of the republican. 75% of moms, suburban women voted against her in georgia too. what are you getting with a casey abrams.
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i don't get it. connell: that is interesting point. it is debated all week. final question, john, the most important question, matchup, one-on-one binary choice or simply where the economy is when people making decision? what do you think? >> how people are feeling. data and statistics we talk about on the network all the time. those are the things people won't look at. they will not look at gdp all that. they will look how they feel about the president and how they feel about the president and how he conducts himself. how they feel in their own daily lives. do they feel like they are better off than they were before. connell: nominee doesn't matter, right? the nominee matters? whoever the pick is does matter because at the end of the day there will be a choice? >> that is absolutely right. connell: john always good to see you. gianno good to see you. susan: very interesting calls. no one is safe from row bowl calls. not even the chief executive of at&t who was interrupted during a live interview this week. >> getting a robocall too.
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>> getting a message right now? [laughter] >> literally a robocall. >> irony in that is too much. now some lawmakers on capitol hill are introducing legislation cracking down on the scam. so let's go straight to fox news's jacqui heinrich with more on this. reporter: i got a robocall myself during the last live shot on the topic. it's a problem. robocalls are number one complaint to the federal communications commission. legislators tried to tackle it in years past. do-not-call list 2003. the violators were not phased by civil fines the problem continues. a bill promises criminal punishment. deterrents act or trace act would up the fine for violates, increase the statute of limitations for sec to take action. it allows carriers to authenticate incoming calls. the bill's sponsor says the real game-changer is the possibility of jail time. >> paying fine is cost of doing
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business. they built it into the business plan, business model. only way you will get their attention, one to make the penalties really hurt. reporter: in 2018 there were 48 billion robocalls to mobile phones in the u.s. that is 60% increase from year before according to a software company. this year is going to be worse. 44.6% of calls in 2019 will be scams. 90% of time will look like a familiar phone number, somebody known as spoofing. bill targets somebody like this man who made 100 million robocalls in 3 months in 2016. he got biggest ever even but no jail time. his calls overwhelmed a paging service. it already has bipartisan support and backing of attorneys general from all 50 states. susan. susan: we have robocalls during live shots. good to see you.
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connell: bipartisan support. susan: i do not pick up the phone if i do not recognize the phone number. connell: i will keep that in mind. due out in any day the nation's capitol is buzz bug this, waiting for special counsel robert mueller's findings and the road map following its release. we'll bring you president trump's latest comments on that investigation. former federal prosecutor doug burns is coming in next. ♪
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susan: as washington braces for the mueller report, president trump is doubling down on his criticism of the russia investigation. >> there was no collusion, there was no obstruction, everyone knows it, it is all a big hoax, i call it the witch-hunt. >> joining us doug byrnes, we're waiting. >> hard to tell.
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it behooves he to repeat a points, the report to be deliver by special council to attorney general of united states confidentialy, that was put in after ken starr report. so, many in media have been head faked, saying i -- it will come out any minute, it may go to him and no one will know about it. susan: right it goes to bill barr, attorney general. he will look at it with his team, it could be heavily redacted or small portions or not at all. >> right, attorney general bill barr has a lot of different options he is write his own summary and provide it to congress, in lieu of giving over the actual document. then, i find it interesting, amusing, let's be candid. you get to straight politician of this, put the law part aside, people pivoting, if they feel it
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helps their position, then transparency is paramount. the minute they sense it may not help them, they are like well you can't have disclosure of grand jury material and ongoing investigation, everyone is pivoting. it comical in a sense, if you don't know what is in it yet, how you can make a position as to whether it should be open for confidential. >> maybe he can't be made public. but what you you think it would include, collusion or no. >> no. i think i have said it before. , to answer question, i don't think they will conclude there was specific conclusion between trump campaign and russians to affect the outcome. susan: impeachment offenses? >> that said left is piling on saying only reason he is not
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charmed. because of dojmemos. and on the impeachment, many democrats have said impeachment should note b not be undertaken. susan: doug thank you. >> my pleasure. susan: we're waiting, you know, it has been over a year, 12 million dollars. dollars. connell: this is a friday in washington for us a friday in new york. in this case, what time will ball report b -- report be released. maybe they will be notified. doug makes a big point, we don't know if it is coming out in a few sends could minutes or weekends, but what we presume will happen, if the report is delivered, that is what it will just be delivered. from robert mueller to bill barr the attorney general, we might
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not find out much of anything. susan: who knows. it depends on bill barr. and attorney general's office, we're waiting, they usually do this ranch market hours. >> have a great week, bulls and bears, they start right now. david: stocks rocked by fears of a global slowdown, that could affect us at home, this is bulls and bears, i am david asman. on panel moran or teg as, adam and gary b . the dow closed down more than 460, this is the worst day since january 3 after a slew of weak economic reports here and overseas. are we seeing the gip of beginnf something concerning what do you think? >> i think we're on the edge of something concerning. this rebound that happened since december went too far, i think that market got too hot. it is good federal

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