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tv   After the Bell  FOX Business  April 2, 2019 4:00pm-5:01pm EDT

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vulnerability software. [closing bell rings] >> i love the market. liz: he loves the market. >> can i have my ball back? liz: final four ball back. s&p a and nasdaq pulls off a win. now time for "after the bell." connell: stocks mixed as you see into the close. the dow ends lower. down 80 plus points. the three-day winning streak for the dow went away. most of that was walgreens, a little deceiving. the company reported a second quarter miss on earnings. it also slashed the full year outlook. rest of the market looks okay. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." fighting for gains at the close there. the looks like it will close positive. positive territory for the fourth day in a row, marking their highest close of the year. more on the big market movers, here is what is new at this hour
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a systemwide meltdown of the southern border. president trump not backing down saying he is prepared to close the u.s. border with mexico if necessary. administration officials are currently looking into ways to minimize the impact of a possible border closure on the economy as hundreds of agents head south. we have the latest from the white house. plus, demanding the full, unredacted mueller report. how democrats are preparing new action on capitol hill. blood money, from the saudi government. the children of murdered "washington post" columnist jamal khashoggi are reportedly receiving multimillion-dollar homes and monthly five figure payments even as the saudis deny the crown prince had any involvement with the killing. connell: wow, we have fox business team coverage, set up of all the top stories with blake burman at the white house. gerri willis at the new york stock exchange and edward lawrence in washington watching
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the trade talks. let's start with developments at white house with blake. reporter: timing of potentially shutting down the southern border and scope of it are still outstanding questions at this hour. the president saying at one point earlier today he feels mexico made positive changes, especially in the southern portion of that country. but the president still threatens to continue to shut down the southern border saying that congress needs to do more. president trump admitting if he does shut down the southern border that would have negative consequences for the economy. but the president is saying security tops all. >> we're going to have security in this country. that is more important than trade. hey, all you hear me talking about is trade but let me just give you a little secret, security is more important to me than trade. so we're going to have a strong border or we'll have a closed border. reporter: a white house officialing telling me this afternoon, they're looking into
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options should the southern border closes. that includes of possibility keeping trucking lanes open, that would alleviate some of the economic concerns. there is bipartisan backlash against the possibility of closing the southern border who in washington. that includes the top republican up on capitol hill. >> well we certainly have a crisis at the border. i think the president is right about that. closing down the border would potentially have catastrophic impact on our country. i would hope we would not be doing that sort of thing. reporter: you heard mitch mcconnell saying that would be potentially catastrophic if the president would go in this direction. white house, officials within the trump administration, as well, sarah sanders saying we're at a breaking point as the press secretary puts it. department of homeland security said right now, quote, the system is on fire. connell? connell: blake burman at the white house for us. melissa: then they should fix
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it. president trump, meeting with his trade team as talks between u.s. and china are set to resume tomorrow morning in washington. edward lawrence is here with the latest. reporter: exactly. he met with his u.s. trade team. president donald trump confirmed those meetings today. they're talking about the chinese in part. today white house economic advisor larry kudlow says enforcement will be a big part of any agreement. he said that is still the sticking point although the chinese would like tariffs to be removed never to return, the u.s. wants to use the tariffs as a penalty without retaliation from the chinese if they break the trade agreement. kudlow says the trade agreement will cover intellectual property theft and forced transfer of technology and removing northern tariff barriers. >> it is a larger, grander discussion than we have had before with u.s. china trade relations. there is certain amount of optimism. things have to get done. i will not get up here to get ahead of that story.
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there are still certain issues that need to be resolved. reporter: we started to see a little movement from china. last week the chinese government approved jpmorgan to open a majority-owned brokerage firm in china. that is landmark, allow a company from the u.s. to be majority owners, still forcing a partnership. the chinese announced retaliation on tariffs on imported cars would continue to be suspended as a goodwill gesture. their tariff is still 15%. u.s. tariff is just 2.5%. officials at u.s. chamber of commerce say at this stage more likely a deal will be finished with china. the chamber president says they have been involved since last summer. and there is no question about the poe protection of intellectual property is necessary. and that we have to do things to stop any joint venture that requires us to cough up all our technology and will cause in
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china, they decide what will be their industries and others can't join that. we have to explain it to them. we're explaining it. reporter: a strange story related to the chinese today. a chinese national was arrested at mar-a-lago. she claimed that she was going to a conference that didn't exist. she had two passports. she had four cell phones, a laptop and a hard drive as well as flash drive with malwear on it. back to you. >> yeah. we need to know more about that story. i'm sure we will. connell: that was crazy. gary kaltbaum joins us, kaltbaum capital management, fox news contributor. heather zumarriaga vision four vice president. what edward is talking about, blake to some extent, market, gary was pretty much flat. take walgreens out of the dow. that is the reason it was down. we're still having a debate where we are. nasdaq highest close of the year. the slowdown fears are out there, or are they? give us your gary kaltbaum state of the market address if you can? >> the market is acting great.
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that is the best way i can put it. the dow is down 70, nasdaq is up strong and technology leading that is only good. i've been studying the market for 100 years. when technology is in the. connell: at least. >> something to watch very closely. in two weeks we get major, major earnings season that will tell the tale, not just the numbers, guidance as well as reaction. so far, so good. connell: heard you laughing, heather. studying the market -- >> for 100 years. >> going back 100 years. going back 100 years. connell: student of history here. doesn't mean he is that old. >> thank you. connell: what is your read on things, heather? gary is right obviously, always comes down, should come down to earnings. how do you think things will look? >> it will come down to earnings and to the fed and china. chinese trade talks resuming this week look promises. chinese vice premier already making some concessions to the u.s., buying a lot more stuff
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from us. they are going to import a lot more from the u.s., including soybeans and natural gas, as well as protection of private, not private property. private property as well. intellectual property as well as forced joint ventures. we don't have details how those will be enforced. but if you look at apple and oracle, for example, when they're doing business in china, beijing holds some licenses. they can't operate completely free where as alibaba, for example in the u.s., operates with no restriction. operates very freely. connell: right. >> we need to hammer out some of those details. i think the u.s. trade team will do so. connell: okay. melissa: lyft closing below its ipo price for the second day in a row. go to wills wills with more on this -- gerri willis with more on this one. gerri. reporter: fell more than 25% since friday. their high that day, ipo day. lyft shares hitting new low at
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$68.10 a share. after closing 69 yesterday. a little lower here, 68.97. it's a rough day for the unicorn as investors short the stock. so much for unicorns you have to say. move on to boeing here. news this afternoon, whistle-blowers claim u.s. faa inspectors, some who worked on now grounded boeing 737 max did not receive proper training or valid certifications. senate republican commerce chairman roger wicker in a letter to the folks at the faa making this note and asking a lot of questions about that. i'm sure we'll be getting details in coming days and finally, let's talk about tesla. we're expecting quarterly auto sales coming up. here are the expectations. first quarter total deliveries estimated at 72,670. the vast majority of these model 3s, some 52,000. the outlook for 2 q, estimated
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90,170. so we'll be waiting for those numbers, today, tomorrow, sometime soon. getting a better view what is going on at tesla. melissa, back to you. melissa: gerri, thank you so much for that. gary, heather, are back with us. heather what are you looking for in these delivery numbers? do you think they will be in the estimate gerri mentioned and what will it tell us? >> unfortunately don't. i think there was a lot of buying demand last quarter. there is a lot of demand for the model 3 at a price point, starting point of 35,000. but the problem is, are they able to produce them quick enough? that is key here, if you remember last quarter, elon musk was so desperate to sell tesla, he encourages employees to use paid time off, take advantage of big employee discounts to buy, purchase a tesla. we also had expire, expiring of u.s. tax credits to buy teslas.
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so people might have bought ahead of that. now there is -- the incentive is not there if you did that last quarter, to buy before the tax credit expired. melissa: gary? >> look, all i know for the past year at least five to 10 times elon musk has said something and then two weeks later had to change the stance. melissa: yeah. >> i think they're very inconsistent there. i don't trust, that the stock is down 100 points from the highs, even though markets are back to the highs. i think that is meaningful. let me put it best, they better meet or beat the numbers or it will add to a lot of mistrust from wall street. i think he should stop smoking weed. should stop rapping. he should pay attention to his business. melissa: when you look at the recent documentaries that have been out, sort of the tech backlash in silicon valley, these ceo's who fake it until you make it, they're brave innovators and this and that, people are tired of that now. they want to see some of the
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promises come true as opposed to showmanship. we'll see. gary, heather, thanks for your time, appreciate it. connell: we have a major warning to bankers to talk about from house financial services committee chair, maxine waters. maxine waters will keep a close eye on the banks. what it could all mean for you. melissa: hmmm. senator bernie sanders campaign getting massive amounts of money. will it all turn into votes? connell: president trump meeting with the nato secretary-general as tensions over military spending continue to rise. that is next. ♪ cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities.
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melissa: president trump doubling down his calls for u.s. allies to set up speeding after a meeting with the secretary-general at white house today. take a listen. >> getting together to get our allies to pay their fair share. it is called burden should have have -- burden-sharing. when i came it wasn't so good. at gdp level, at some point it will have to go higher than that. we have been picking up a tremendous and disproportionate
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share and we just want fairness. melissa: so joining us now, peter brookes from the heritage foundation. he is also a former deputy assistant secretary of defense. thank you so much for joining us. >> good to be here. melissa: what do you make of this back and forth today? >> i think it's good. i think that the president and general secretary stoltenberg get along. we've progress in terms of burden sharing that president is right about. we have 29 countries in nato. we'll soon have 30. but only 7 are spending required 2% on gdp for defense. that is up two when president took office. it used to be five. romania will join shortly, they are spending a little less than 2%. 25 countries increased spending on equipment. they're supposed to be spending 25% of defense budget on equipment. when you talk about defense budget, a lot could be personnel. you have to have the equipment behind it. we have seen that the president
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is right. i think we had progress under this secretary-general. they have just extended his term for two more years. so i think, you know, i think things are looking positive. melissa: yeah. there was a lot of blanching and gnashing of teeth when the president stood there at nato called others out. you know, all of his critics said he really disrespected nato. now you have the first secretary-general ever coming to address congress. >> yeah. melissa: you know what does it tell but the relationship between the u.s. and this group? >> well i think relationship is good. and i think it is better. it will improve, i think over time. don't you really hate it when your critics are right about you? so when the president started this, criticizing nato about not spending enough on defense, he was right, they didn't like it. because they had to look into the mirror to realize they weren't doing what they needed to do. more are doing that. secretary-general stoltenberg
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first time addressing congress. foreign ministers will be here. there are further nato meetings. there is a lot about russia. there is a lot of issues to talk about, everything from terrorism, afghanistan, to the black sea, to ukraine. so this is a very important alliance. it has been around for 70 years. would i say it is probably the most successful defense alliance in the history of humankind. melissa: what do you think he will say in front of congress tomorrow? what does he need to achieve? what's the point? >> it is important that he talks about transatlantic relations where we go from here, where nato goes from here. there will be a 75th anniversary i hope. there has been a 65th and 60th. he talks about the future of nato and where we go from here and how important translate atlantic relations are. we all benefit from peace and stability. you know, despite what is going on, things in terms of brexit and along that line, relationship from europe, economic standpoint, from a
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political standpoint, a security standpoint is critically important. i also expect, melissa he will touch upon russia which is obviously an important element of nato deterring aggression in europe, how that is changing. it will be a very interesting speech. i look forward to it being successful. melissa: peter brookes, good stuff. always helpful. connell: he absolutely is. peter mentioned brexit. we had a little breaking news on that front with british prime minister theresa may say she is planning to ask the european union for, a new extension of the deadline that was in place. the idea she says is try to find a compromise in parliament. >> always been clear that we could make a success of no deal in the long term but leaving with a deal is the best solution. so we will need a further extension of or article 50, one that is short as possible and which ends when we pass a deal. connell: all right. united kingdom currently scheduled to leave the eu the 12th of april. she wants to sit down with
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opposition leader she says, jeremy corbyn to work things out. melissa: we'll see. not out yet, former new york city mayor michael bland -- bloomberg may now reconsider a white house bid. why does he keep changing his mind? will he ever make up his mind? president trump warning he may close the southern border. we're diving into the possible economic impact. that is coming up. ♪ fferent people, that's why they need customized car insurance from liberty mutual. they'll only pay for what they need! [ gargling ] [ coins hitting the desk ] yes, and they could save a ton. you've done it again, limu. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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connell: just raking in cash, bernie sanders. his 2020 campaign brought in more than $18 million in the first quarter of the year in fund-raising that means he has 28 million total on hand at this point. let's talk about the 2020 dem as we follow the money with liz peek, foxnews.com columnist, fox news contributor. robin biro, former obama regional campaign director. robin, are you familiar with this? there are a couple establishment
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democrat types, you may be one yourself, is bernie sanders, he will go away, his time has passed, wow, this is a big number for a old guy with a lot of young supporters. get being him 20 bucks a pop and it is 18 million. what do you think of this. >> i hate to say it comes down to money but it always has. you have to have a large amount of money to drive the campaigns. he is doing well with the small dollar donations. connell: yeah. >> what is great about that, people feel compelled to donate multiple times which really helps the campaign. it helps them effectively buy into the message of the campaign. connell: you saw the numbers, liz on the screen. kamala harris 12 million for the quarter. pete buttigieg, mayor of south bend, indiana. that is big number for him, considering where he is coming from at seven million but going back to sanders, 99% plus of his donations 100 bucks or less. whatever you want to say about him, this is, i'm sure
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donald trump supporters say this is gift, want to run socialism versus capitalism. there are others say, hey, be careful what you wish for? there is overlap, believe it or not with the support between trump an bernie. how do you see it? >> this is prodigious number without a doubt and very impressive by the way, the majority of donations came from people under 39 years of age. that is the big change in this election cycle. we have about the same number of boomers plus older people than we do gen-z and millenials. guess what? they do trend socialist. i'm not surprised bernie is doing this well. he is the front-runner at this point. no doubt about it. connell: with biden not in? >> if biden does not come into the race he is definitely the leader. and you know, this, the thing is, the money really is important. this allows him to go to the major primary states to build an organization. he already had that in iowa. he has that in new hampshire.
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in california for example, he will not do very well unless he spends money. now he has money. connell: speaking of biden, if he doesn't get into the race, if he is weakened with the controversy surrounding him. this mike bloomberg story apparently he is back, considering a 2020 run. the report from "axios" he would run, if quote, a centrist lane were to open up. robin, that is clearly at least to me saying if, only way a centrist lane opens up if joe biden doesn't run or if he is much weaker candidate. we were told that is why bloomberg said he wasn't running first time around. what do you make of this? >> that is easy to read between the lines. that exactly that, biden chooses not to run, he may choose not after the controversies this week, bloomberg is a data guy, i appreciate that, that was my job on the campaign for obama so i get it. he is very closely monitoring the numbers. he knows they would be pulling from the exact same pool of
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voters. he is just waiting with bated breath to see what joe biden ends up doing. connell: right. >> we all, as we all are. connell: maybe there is a lane, maybe there is a lane there, because if you look at the candidates, not many others who would you classify as centrist, right? i mean if you're being fair, looking at their positions? most are way to the left of, just biden and bloomberg, really. >> eye of the beholder, right? joe biden recently described himself as the most progressive person in the race before he was in the race. moderate is what you make of it. mike bloomberg really wants to be president. does he want to subject himself to a campaign only if he thinks he is going to win? it is not just joe biden. you have to consider howard schultz. schultz may look at biden exit same way. connell: there is no exit yet by the way. >> no, excuse me. but he is also hoping to occupy that center. those are two guys with money and with sort of centrist policies who don't hate all
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billionaires because guess what, they are. but, you know what? a lot of it still depend on joe biden, we'll see at some point whether or not he gets in. liz, robin, thank you very much. >> thank you. melissa: hoping to see the new avengers endgame? good luck. sales for the tickets are crashing websites. despite the technical issues the film set a record for sales on the first hour of adam, mobile ticket retailer. three times more tickets than avengers infiniti war same time last year. i'm deeply suspicious. connell: yeah. melissa: when concert tickets go on sale at ticketmaster they're gone in one second. it is algorithms not humans. there is something very fishy going on with all of these mobile ticket buying. connell: really. >> yeah. mark my words. connell: that is the problem in the world, the algorithms. reset all the algorithms. that is good. i always learn something from
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you. anyway -- being serious. talk about the saudi arabia story. it is crazy. melissa: more seriously. connell: more money thrown around apparently. kingdom is trying to keep the children of murdered columnist jamal khashoggi quiet with money. melissa: threatening a subpoena. democrats pushing for full release of the mueller report, even if they get it will the left accept the findings. tom brady kicking off twitter debut with major announcement with his retirement. don't panic. patriots fans can rest easy. he alluded to it as a april fool's day prank. connell: good one, tom. patients that i see that complain about dry mouth,
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connell: they are demanding the full findings of the special counsel. house democrats preparing a subpoena to obtain a copy of the unredacted mueller report as the attorney general is promising to release a version to congress later this month.
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let's get to mike emanuel who is on capitol hill with the latest. reporter: connell, good afternoon. six house committee shares are applying a lot of pressure to attorney general william bar, writing quote, authorizing subpoena for underlying report and evidence and materials. we hope to compulsory process if the department is unwilling to produce the report to congress in unredacted forms we will have little choice but to take action. six committee chairs, jerrold nadler, judiciary, elijah cummings, max answer waters, richard kneel, ways and means, eliot engel in foreign affairs. this afternoon, president trump complained democrats will never be satisfied. >> there is no collusion, no obstruction, we'll start the process all over again? this is a disgrace. these are democrats want to try
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to demean this country. it shouldn't be allowed. reporter: democrats pushing for the full mueller report. >> every prior case of independent coins r counsel and special counsel they turned over the entire report within a day or two. what is taking place here is a sharp breakthrough precedent. reporter: key conservative says transparency is find but not releasing sensitive information. >> everything should be released that is legal. they should have everything that bill barr promised. i believe it will be but should not have classified information. reporter: attorney general says mid-april. democrats want it now. connell? connell: we'll follow it, mike emanuel thanks as always on capitol hill. melissa: it is called a quote, blood money arrangement. four children of murdered "washington post" columnist jamal khashoggi, receiving massive payments from saudi arabia according to a
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report from "the washington post." fox news's tray -- trey angst is in jerusalem. reporter: new reports that murdered journalist jamal khashoggi family is being compensated for his death. "washington post," his former employer says in a report million dollar hopes are being provided, tens of thousands of dollars a month given and potential for millions more in payouts. with the effort by the government of the saudi arabia to keep the family quiet. 11 people were charged with the murder, the international community still do not know where khashoggi's remains are located. king salman approved this hush-money according to a saudi arabia official to make a wrong right. they have not taken any responsibility in the killing. when it comes to the united unid states the cia has intelligence that crown prince mohammed bin salman likely ordered murder. the trump administration sanction ad handful of officials
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in november but continues to conduct business with the kingdom. canada also sanctioned key individuals involved in the killing but the crown prince continues to maintain high level global relations. he was consulted on the trump administration middle east peace plan and the trump administration continues to back saudi arabia in military action in yemen. despite the lack of answers, both crown prince, mohammed bin salman and the entire kingdom of saudi arabia goes about business as usual. melissa. melissa: incredible. trey, thank you. connell: the battle lines are being drawn over border security. democratic leaders sounderring the alarm. president trump's threat to essentially close the border. so how much would that move actually cost? james freeman coming in from "the wall street journal." >> i think that mexico will continue to step up like we've seen them do over the last couple of weeks. we hope that that continues. that we can work with them so we don't have to do that. we would also love to see democrats get serious about fixing the crisis at the border and work with us.
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connell: security over trade. that is basically what president trump said today as he was defending his threat to close down the southern border if mexico does not stem the flow of migrants crossing into the country to get to the united states. let's bring in fox news correspondent, claudia cowan, reporting on the situation from the ground in el paso he el pas, claudia. reporter: president trump announced that he will head to the border on friday. he will travel to calexico, 100 miles east of san diego, to visit newly completed section of border wall, to replace a fence made of landing mats dating back
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to the vietnam war. this was his first to this particular area. he is working in a fund-raiser friday night. his threat to close the border is causing anxiety for people who live and work in border cities. while experts say the economic impact of an extended closure could be staggering. more than a billion dollars worth of goods travel across the border and thousands of workers for american and mexican businesses w thousands of border agents being shifted to process migrants, wait times at checkpoints are growing. we're talking three hours or more to cross. yesterday, in mesa, arizona, there was a backlog of 150 trucks that had not yet been cleared. those kinds of disruptions in commerce have some members of the president's own party asking him to reconsider. here is the governor arizona, doug ducey. >> of course i do not want to see the border shut down. mexico is arizona's number one trading partner. that relationship is vital to our economy. i do think congress should act
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own border security. they should take this crisis seriously and quit playing politics with it. reporter: the mayor of el paso, agrees. as he put it, we can't afford for the border to close. back to you. connell: claudia cowan. melissa. melissa: here is james freeman from the "wall street journal" hes is also a fox news contributor. james, i summoned you here today because immediately when people start throwing around figures it will cost us $1.7 billion a day. i'm instantly suspicious. i want to see the math. i want to see the numbers. i don't believe any of it. help me drill down a little bit. this is what we found. we export 265 approximately dollars of goods to mexico a year. we import 300 billion. the avocados are getting a ton of attention. they're the largest avocado grower in the world. we could run out of avocados in three weeks which would be obviously a giant disaster with cinco de mayo coming up.
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40% of u.s. vegetables and fruit comes from mexico. 70% comes from truck. we send them corn and soybeans. couple questions, is the shuts down, is it gone forever, comes back in a blip? produce, some of it will go bad. what is your take, my friend? >> some of it you might see meaningful impact on second quarter gdp. in that sense it would be gone forever. some of it is perishable. you mentioned food, alcoholic beverages, cinco de mayo we might have so stay thirsty my friend, during this critical time. melissa: oh. >> in all seriousness this is major impact on our economy. it is not just food. we export to mexico. a lot of refined fuels, gasoline, et cetera. we import and export a lot of industrial components and goods that are assembled in part on different sides of the border so i would hope that finally the democrats in congress might want
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to deal with the president. they seem to be giving him all the ammo he needs to say this is an emergency, when you look at the flood of people traveling with children. melissa: no, and i mean if you look at the recent stats, for example, near el paso border crossings are up 1700% this month. there is a rush. it is up 330 something% across the entire border. there was obviously a rush on right now. i don't know if that is a as a result thinking something is going to happen, wanting to get ahead of it, but it is hard for the mainstream media to say there isn't a crisis. i also think it is interesting, james, address this one for me, you have democrats making the argument, oh, my gosh there will be a world of economic hurt if we shut this down but at the same time you have "the new york times" and others doing pieces on the human sex trafficking, women getting raped, children being sold as sex slaves, and you have to ask
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democrats, is it, is it worth it to you to take an economic hit in order to stop child sex slavery? that seems like something, isn't the argument the other way around? republicans talking about an economic hit and democrats are talking about human lives? this case they're worried about the economics? >> to be clear i don't favor closing the border. i'm not saying that is the right response but i think you keep hoping that maybe with this collusion thing set aside it becomes politically acceptable within the democratic party to negotiate with the president over issues that are perfectly straightforward. we want an orderly process is at the border. it is not immoral for a country to the defend the integrity of its borders. melissa: yeah. >> we obviously need an answer to the humanitarian crisis there. melissa: to be clear though, james, republicans deserve a ton of the blame too. they also haven't fixed it and i wonder if the swamp, both sides of the establishment in
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washington likes this issue because they get to keep fighting about it? or are they just politicians their favorite thing to do is the thing that looks most like sitting on the couch eating ice cream, versus getting up actually doing their job and writing legislation and fixing whatever problems? what do you think? they like the couch? >> the frustration over the entire trump presidency. melissa: yeah. >> why don't they give the president his wall in return for more immigration of all kinds of people that our economy needs and that can come here and thrive? it seems like there has been a deal sitting there for a long time. resolving the status of people brought here illegally as children through no fault of their own, why is this not a constant source negotiation? you would like to see somebody seeking solutions. >> i haven't heard the democrats say the word dreamers for quite sometime now. it makes you wonder what everyone cares about?
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james, thank you. connell: we have breaking news. this will be stock to watch, pick one for tomorrow. blue apron is way up after hours. the meal delivery company. it announced its chief executive is resigning. blue apron appointed linda cos louse ski as new ceo. that is. melissa: have you ever done blue apron? connell: i haven't? melissa: i was coming into my building, they were delivering big boxes. apparently some of my neighbors have done it. cracking down on abuse, maxine waters new plan, oh, no, to take on wall street. katy porter, member of the house financial services committee jones us after the break to let us know what is going on. ♪ infrastructure firsthand, we can make better informed investment decisions.
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that's why i go beyond the numbers.
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oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. connell: call to break up big banks. following resignation of ceo tim
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sloan. maxine waters, warning bankers she will keep a close eye on any misconduct. amy porter is joining us. congresswoman thank you. we appreciate it. how serious is this for bankers? how much new regulation should they prepare for. >> we're looking at is trying to make sure that the federal reserve and other banking regulators are carrying out the instrucinstruction that congrese them in the wake of the financial crisis, fed has long had tools to guard taxpayers. make sure our financial system is strong and healthy. this is not about adding on regulation but about guards again -- --ism ar connell: are some too big in your view? >> there is a lesson from wells
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fargo, a lot of struggles over the course of 2 to 4 years in rights ship, to extent that banks are ub abl unable to do tt because of their size is a discussion worse having. i am more concerned that small banks and credit unions are on a level playing field. connell: interesting, you are from a swing district in california, is that fair, orange county. what did you learn prothose lessons. i am curious it would many for politics going forward in 2020, big banks going after wall street and big business is that effective policies for new a swing district. >> i often talked about in my career as a consumer advocates. it didn't matter democrat or republican, they wanted to be treated fairly, when consumers go to buy their first house,
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bay's car or put their money to deposit with the bank, they want their money to be safe and loan terms to be fair. we saw that in the committee hearing, ranky member and chairwoman taking on some issues. connell: how old you -- how would you describe the relationship. before she took over, a lot of people said she would go after the wall street banks be is there more dialogue? >> i think what chairwoman has excelled at doing is bringing actor to congress and having hearings that have been too long in the making, having z these it is up to american public in part to hear from wells fargo about what happened. and what are they going about it, i compliment the chairwoman for bringing some of the institutions and important actors in front of the committee. but we're seeing, really robust
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questioning from republicans and democrats. connell: you made a impression at wells fargo hearing, we want to bring you on. >> thank you. melissa: new detail on chinese woman who was arrested at mar-a-lago saturday according to fox news john roberts, secret service says this is ongoing investigation, and no additional comment at this time, a law enforcement source said that. whack walked secret service agents on the ground, and saw signs pertaining to mar-a-lago as a redirected familiar, strengthening the case she knowingly preceded in and remains on the area, with a thumb drive and passports. connell: if you feel stressed, maybe you need to move. new study reveals most and least stressed out states in the
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country. most stress louisiana, mississippi and arkansas, least stress, minnesota, utah and massachusetts, they look at health, credit scores divorce rates. melissa: massachusetts? they are stressed at harvard, bracebuenos aires starts right . >> -- bulls and bears starts right now. >> a national emergency on the border. that is it. david: president trump doubling down on his threat to shut the southern bored yore as senior dhs official said that u.s. faces a system-wide meltdown, this is bulls and bears, i am david asman, thank you for joining us, joining me deirdre bolton, caroll roth could robert wolf and john layfield, critics sounds off over an economic impact of a border closure, some

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