Skip to main content

tv   After the Bell  FOX Business  July 16, 2019 4:00pm-5:00pm EDT

4:00 pm
liz: he and i, hope springs eternal. it is not a record today. markets are closing in the red. the dow looks like it is down 18. s&p down 10. [closing bell rings] tomorrow is another day that will do it for "the claman countdown". ashley: thanks, liz. the s&p 500 hit early session high. nasdaq in negative territory. down half a percent after closing at record high yesterday. good afternoon, everybody, i'm ashley webster, in for connell mcshane. melissa: i'm melissa francis. this is "after the bell." more on big market movers. here is what is new at this hour. right now the at white house president trump sitting down
4:01 pm
with top republicans in the roosevelt room, his feud with freshmen congresswoman is intensifying. we'll bring you any headlines as they happen at this hour. big tech under fire on capitol hill. lawmakers taking shots at executives at facebook, amazon, amid fears the silicon valley giants have too much power. democrats on the campaign trail in iowa. the 2020 hopefuls making their pitch to voters on health care and drug prices. joe biden is even bringing back a familiar promise something that former president obama's lie of the year. why would you do that? ashley: i don't know. we'll get no that. doesn't seem to make sense. we have fox business team coverage. gerri willis on the floor of the new york stock exchange, phil flynn as always watching oil at the cme. edward lawrence, hillary vaughn covering numerous tech hearings on capitol hill. let's begin with gerri willis, all the day's goings on on
4:02 pm
wall street. we thought we could finish on another record high. didn't quite make it. >> didn't happen. we're down 24 point. still well above the 27,000 level, 27,334. this morning all about bank earnings. three big banks reporting earnings for the second quarter. guess what? double beats for all. as you can see stocks reacting very differently. jpmorgan chase boosted by an income tax benefit. wells fargo can't get any gain despite a double beat. falling on lower net interest income. goldman sachs raising the quarterly dividend. everybody likes that. the stock is up 2%. j&j double beat on top line and bottom line. investors worry about the outstanding issues about talcum powder, cancer risks and opioid issues. a big lawsuit out against j&j on opioid issues. that company is one of few fighting back instead of
4:03 pm
reaching into their wallet and paying off ags. finally domino's pizza beating on eps, missing on revenue. a split decision there. the shares down on worse than expected same-store sales, important in that business. delivery service, cost of that, when you figure in grubhub, other delivery services cutting into their profits as well. so lots of positive earnings. we were expecting a very weak earnings quarter. lots of strong earnings. investors not necessarily believing it. back to you. ashley: gerri, thank you. melissa: jamie dimon seeing positive signs from consumers saying quote, we continue to see the positive momentum with the u.s. consumers, healthy confidence levels, solid job creation, rising wages which are reflected in consumer and community banking results. bring in today's panel. gary kaltbaum from kaltbaum
4:04 pm
capital management. he is also a fox news contributor. adam johnson, bull's-eye brief author. thanks for joining us. >> thanks, liz. melissa: what do you make of this? >> i love it. jamie dimon is absolutely right, thank goodness for the u.s. consumer. businesses are not spending. with all uncertainty around trade involving china. cfos basically held up on capitol expenditures. they're not building inventories, but good ol' american consumer is out there. employment is highest ever been, they're spending and that is what jamie dimon is talking about. melissa: rising wages, gary, that is what jamie dimon said. he is looking at consumers that have the healthy evident, best balance sheet than they have had in very long time. >> you have a strong stock market. you have people with jobs, much more johns than they have had in many years. they fell wealthier.
4:05 pm
they will tend to spend. everything is in decent shape. i really don't have very much complaint. the biggest story for me of the last week, the transports, industrials, economically sensitive areas are being bought up in droves by big money on wall street making a bet the economy may be starting to reaccelerate a little bit here which would be good news. melissa: definitely would. don't move, guys. ashley: stay right there. zooming in on facebook's cryptocurrency libra, lawmakers not holding back, grilling the tech giant's crypto chief david marcus today. let's get straight to edward lawrence live on capitol hill with the latest. edward? reporter: he is the he had of colibra, facebook's cryptocurrency arm. libra was in the hot seat today. both republicans and democrats had serious questions about facebook's failings, specifically over privacy concerns, how the company can start with this project with all the issues out there? >> foreign interference,
4:06 pm
privacy, extremism, fake news, which ones have you fixed? >> for instance, senator, the issue that happened back in the day with -- cannot happen again. >> not which ones have you made significant progress, have you fixed any of those? >> i say all of them will always require a great deal of work. reporter: senator john contend did replaced truthful reporting from their cite, i will not use the expletive he said but basically crap. he has trouble trusting it, running part of a global currency. >> yeahs the russians tried to disrupt the election through facebook but they only spent $100,000 and they only ran 3,000 ads. that was a lie, wasn't it? >> i'm sorry, senator? >> that was a lie, wasn't it? >> i don't believe it was. >> well later facebook admitted
4:07 pm
the russian ads reached 126 million people, didn't they? >> senator, i believe that the people who enanswered that question at the time answered to the best of their knowledge at the time. reporter: the head of facebook's colibra, david marcus says they will follow all government regulations to make sure libra is safe to use. they will move slowly to implement the currency and hopes to connect people with 90 million businesses facebook interacts. the company will have 100 partners with not one with a majority. there will be more hearings as their questions were not fully answered. ashley: a lot of fire. owed ward, thank you very much. melissa: what could possibly go wrong, facebook heading that. over in the house, facebook and google getting grilled over the
4:08 pm
antitrust concerns. is this the first wave of hearings by congress into big tech? hillary vaughn on capitol hill, is it just building, hillary? reporter: melissa, all the companies making their case today, they do have competition, they went so far name drop some of those to lawmakers. facebook or google saying they compete directly with amazon, yelp, microsoft and travelocity for competition in search. facebook saying they compete with snapchat, skype, tell gram, youtube, ticktock. they offer video and messaging services and connect users to each other. that is their direct competition. amazon listed alibaba, kroger, other grocery stores as people they are, companies that they are competing directly with. even when it went further to explain why, brick-and-mortar is their competition. >> the notion that two products exactly the same, do not compete with each other, simply because
4:09 pm
one was ordered online and one was bought in a brick-and-mortar store makes little sense. reporter: facebook was asked about killer acquisitions. the idea they're purchasing apps and start-ups to shut them down, facebook says anytime they purchased a start-up, acquired a app, months later shut it down because some acquisitions don't work out and they discontinued those products because of sound legitimate business judgment, for no other reason. melissa: looks like a good buy, all of sudden not a good business, interesting. hillary, thank you. ashley: we'll bring back gary, adam. let me begin with you. listen on a antitrust level if consumers are not being hurt is there an antitrust case to be made here? are these big tech companies i guess squashing the competition to the detriment of consumer? >> if you can't prove the consumer is being disadvantaged or like the europeans like to prove, competition is not being
4:10 pm
disadvantage it is pretty hard to make the case i will say the following, think about it, for a moment, what if amazon were forced to split up, separate awf, web services from retail. my gosh, what opportunity to unlock value. i don't like to see government interfering in wonderful companies that change the world but you know what? in this case they could do wonders for my p&l. i would buy amazon on that news. i would love to own aws separately. ashley: gary, are the companies too big? they make the argument there is plenty of competition as you heard in the sound bite. hey, you buy something online, buy it on brick-and-mortar what is the difference? >> i find it thrilling that a bunch politicians that i would not let run a lemonade stand dictate success stories like these companies. they're after them because they are successful. it is amazing to watch. oh, you get too big? we'll cut you down to size? amazon, has created this
4:11 pm
magnificent company. look, amazon prime is invited other retailers, guess what? lower costs for consumers. facebook, google, is free. i don't understand any of this. look there are problems with some of these companies. they do need to fix, facebook got fined $5 billion by the ftc but enough is enough. leave greatness alone. ashley: leave greatness alone. we'll leave it right there. thank you, gary. melissa: oil settling down more than 3% today. phil flynn with the details. phil? >> melissa, significant potential bearish development for oil. donald trump basically came out today, president trump, and said that they're making progress with iran. that was backed up by a statement by secretary of state mike pompeo who basically came out and said that iran was actually open to talking about their missile program. if you remember the original iranian nuclear deal, it didn't really include missiles at all, it included uranium enrichment.
4:12 pm
this could be a potential game-changer. when the market saw that headline, they sold off. they realized in past anytime iran gets off the hook it has been very bearish for oil. the original obama deal to lift sanctions on iran caused a big selloff in oil. when donald trump granted waivers on iranian oil last object, that caused a big price crash, so the market is very nervous. having said that the market has to be on guard. this is the very beginning after negotiation. a lot could go right, a lot could go wrong. the other thing inventories will come out later that could be big. melissa: phil, thank you very much. disney heiress abigail disney, granddaughter to walt disney's brother roy, she was quote livid after going under cover at disneyland to see worker conditions. she claims employees are struggling to make ends meet. gary, adam, this story is so
4:13 pm
strange to me. why do you think she is doing this? what do you make of it? >> her last name is disney. last i looked i think she would have some influence. why not call iger up and talk to them in an office without castigating disney out in public? i don't get this whole thing. disney is one of these great companies, does so much for the employees, i'm here locally with these people. they do so much for the community, fill philanthropy i couldn't begin to start how many good things they are doing. she castigates them in public. that is so stupid. sit down with them, try to fix it with them. melissa: adam? >> fix it quietly, live in era, everybody has a platform. everyone has a platform. there are no editors. guess what you make a name for yourself? oh, you're just a granddaughter you inherited a lot of money. wow, if you went out said, i
4:14 pm
want to do something for the small guy. all of sudden you're a hero. everyone want as platform. melissa: all right, guys, thank you. ashley: interesting. very interesting. doesn't seem to hurt the company but nevertheless. tale of two strategies you could call it, why billionaire investor peter thiel sounding alarm on a democratic candidate he says poses the biggest threat to president trump. what he says could backfire on the rest of the crowded field. we'll talk to james freeman of "the wall street journal" next. melissa: plus a familiar phrase on the 2020 stage. former president joe biden taking his health care pitch to iowa voters. critics say it is the same faulty promise dealt by president obama. ashley: hmmm. the battle of the best deal. amazon prime day leaving hundreds of retailers fighting for consumer attention. what the crowded stage could mean for the e-commerce giant's reputation in the spotlight. that's coming up. ♪
4:15 pm
with sofi, get your credit cards right- by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. dto experiencer gthrilling performance. now, at the lexus golden opportunity sales event. get 0.9% apr for 60 months on all 2019 models. experience amazing at your lexus dealer. but dad, you've got allstate. with accident forgiveness they guarantee your rates won't go up just because of an accident. smart kid. indeed. are you in good hands?
4:16 pm
when crabe stronger...strong, with new nicorette coated ice mint. layered with flavor... it's the first and only coated nicotine lozenge. for an amazing taste... ...that outlasts your craving. new nicorette ice mint. what do you look for i want free access to research. yep, td ameritrade's got that. 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. ♪
4:17 pm
4 out of 5 people who have a stroke, their first symptom... is a stroke. 80 percent of all strokes and heart disease? preventable. and 149 dollars is all it takes to get screened and help take control of your health. we're life line screening... and if you're over 50... call this number, to schedule an appointment... for five painless screenings that go beyond
4:18 pm
regular check-ups. we use ultrasound technology to literally look inside your arteries... for plaque which builds up as you age- and increases your risk for stroke and cardiovascular disease. and by getting them through this package, you're saving over 50%. so call today and consider these numbers: for just $149 you'll receive five screenings that could reveal what your body isn't telling you. i'm gonna tell you that was the best $150 i ever spent in my life. life line screening. the power of prevention. call now to learn more. ashley: breaking news, president trump right now meeting with republican congressional leadership in the roosevelt room. blake burman at the white house with the latest, blake? reporter: ashley, another busy day at the white house, president trump reminded once again as it relates to china, the potential of a trade deal with china, all good feelings
4:19 pm
coming out of that the g20 meeting in osaka japan at the end of last month between him and president xi very much in the rear view mirror. earlier in a cabinet meeting with his cabinet team at the white house, the president reiterated he has the ability to go forward with the biggest batch of tariffs to date. this comment moved the market. >> we have a long way to go with china is concerned with tariffs. we have another $325 billion worth of tariffs if we want. we're talking to china about a deal, i wish they didn't break the deal we had. we had a deal where china opened up. reporter: the president also echoed concerns from peter thiel, the billionaire tech investor said over the weekend, that the fbi and the cia should investigate google to see if it is infiltrated by chinese intelligence. >> i would like to recommend to
4:20 pm
various agencies, including perhaps our attorney generals who was with us, to maybe take a look. it's a big statement. when you say that that google is involved with china not very positive way for our country. i think we'll all look at that. reporter: i reached out to the department of justice, ashley, they declined to comment about the possibility of a investigation into google. also reached out to the company itself. they said in a statement they are not working with the chinese military. ashley: never a dull day. thank you, blake. melissa: peter thiel revealing which democratic hopeful worries him the most? take a listen to this. >> i'm most scared by elizabeth warren. she is the one talking about economy which is only thing i think, the thing that matters by far the most. i think almost all the others
4:21 pm
are equally unimpressive because they are identity politics. melissa: warren is fully embracing the label, responding with the comments, simply good. joining us james freeman "wall street journal" and fox news contributor. what do you think about this assessment? do you think she is the most dangerous one from the perspective she is talking about the economy, pointing to things that people would be dissatisfied with from a financial perspective? >> i certainly think if you look at polling the fast riser in recent weeks is kamala harris. elizabeth warren taken a lot of bernie sanders vote. people on the left have trouble differentiating between sanders agenda and elizabeth warren. that is strategy worked to hold down the far left base. i think peter should relax a little. i think a big flaw in the warren message, like the bernie
4:22 pm
message, it hasn't really changed at all in years. it is basically describing the obama economy, slow growth. wages not rising i think democrats to be dangerous on the economy probably have to reckon with the success in the last few years and explain why they have a better alternative. melissa: because, so if you are a math or numbers type person, you point to the fact wages have risen. if you're bernie sanders or elizabeth warren, we're fighting for 15, when the minimum wage goes up, which republicans are fighting against, all wages go up. you have to give a bump to all workers, that sounds like wage growth to people not paying attention that wages come from companies, not from the government? >> i think a lot of these sanders ideas are really not that popular. i know depends how you ask questions and depending on the
4:23 pm
poll, people say they like socialism or say they don't. i don't think they don't. the ideas were not vetted in sift sieve because he was seen as a protest candidate. peter thiel is concerned that elizabeth warren with sanders agenda but calls herself as capitalist. melissa: she says i'm for fair capitalism, government tightly strangling and managing capitalism and chokes it to death, that may not be what she says. but similar to that. people fall for it. >> i don't know that they fall for it. i mean it is a message of large-scale tax increases, large-scale spending increases, which i don't think is really speaking to what most people want. you look at these polls, we talked about them, even within the democratic party, a lot of people say they're moderates and are looking for that moderate alternative. we should also remember, if she is talking less about identity
4:24 pm
politics that is not a strategic choice. she tried the identity politics root, identifying as a native-american for a long time many. that falsehood was basically exposed. maybe that is why she doesn't want to talk about those issues so much. melissa: what is the truth you think how people out there feel? if you listen to democrats they say that the rich got the tax cut. that people are not feeling so great. if you listen to what jamie dimon said on the conference call, wage growth is strong, consumers are feeling food, they have the best balance sheet in a long time, they have a lot of confidence, where do you think the truth lies? >> it is funny, a lot of people, it is bizarre, even though the vast majority of taxpayers got a tax cut, many people don't realize that they did. so the tax cut itself is not popular. i guess you could say the democrat have won that argument, but, it is the results of the tax cut. the faster economic growth, the
4:25 pm
opportunity, it is really that corporate rate cut i think which was the main part of that resulted in a good economy. that is what you see, one issue, economic policy where voters give president trump majority support. i think if elizabeth warren is trying to persuade people this is actually a crummy economy, they don't have jobs, they have a tough road to hoe. melissa: secret sauces cut in regulation, made huge encornment for business sentiment. >> it was huge. thank you, melissa. ashley: bracing for record debt. how about this story? the latest projection from the white house has economists sounding the alarm on a potential recession. are they right? we'll discuss that next. money over matter? 2020 democratic candidate kamala harris is under fire for hypocrisy involving yep from epstein's could not -- jeffrey epstein controversial plea deal
4:26 pm
and campaign contributions. the ai i want? well, insurance it's all about trust and speed. i need it to guide this analyst to customize flood coverage for this house. so that this team, can inform this couple, that their payment will arrive faster than this guy. hey. ♪ ♪ so whether i'm processing claims due to this fine gentleman... (car engine starting) or suggesting premiums for this young lady... ai can help change everything at this company. expect more from ai. ibm watson.
4:27 pm
liberty mutual customizes your car insurance, hmm. exactly. so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ most people think a button is just a button. ♪ that a speaker is just a speaker. ♪ or - that the journey can't be the destination. most people haven't driven a lincoln. discover the lincoln approach to craftsmanship at the lincoln summer invitation. right now, get 0% apr on all 2019 lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer.
4:28 pm
4:29 pm
...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.
4:30 pm
ashley: pushing the lilt. the white house is projecting the federal deficit will surpass one trillion dollars this year as top congressional leaders trying to reach a budget deal. let's get to fox news's chad pergram on capitol hill. you have breaking details? >> yeah. we have some breaking details. not so much on the debt ceiling but there is extraordinary scene going on right now on the house floor. doug collins, a republican congressman from georgia, demanded that the words of house speaker nancy pelosi be taken down. what that means is, they believe that your language on the floor is inappropriate. this is as the house is debating this resolution to condemn president trump, saying he is racist with his comments about the four freshmen progressive democratic members. they are sitting in stays tis at this hour, whether pelosi's words are in order or out of order. you have to go back to 1984, in
4:31 pm
a dispute between future speaker, newt gingrich and then speaker tip o'neill, to have this sort of a standoff on the house floor involving the house speaker. now what is supposed to happen when your words are taken down, like being pulled over for speeding. in other words you might have done something wrong. we'll look at the words in question and determine whether they broke house decorum. and so they have been trying to figure that out for the past hour. you're supposed to remain on the floor if you're the member allegedly who broke the rules. nancy pelosi the speaker. she left. we had this moment literally before we came on the air with emanuel cleaver, democrat from missouri, who was presiding over the house. he was supposed to make a ruling. he was supposed to make a ruling. i tried to be fair. i traded to decide what to do, be fair to everybody. i abandon the chair. emanuel cleaver walked off the dais. i never seen that happen in the house of representatives where
4:32 pm
the presiding officer walks off the floor. so this kerfuffle here over this resolution condemning the president of the united states and whether or not the language by the speaker of the house was parliamentary or not, this is real barn-burner on capitol hill. why all the other issues, including the debt ceiling i thought we would talk about, we certainly can has been pushed to the side we have a big fight on house floor right now. ashley: to use your analogy, being pulled over potentially for speeding, what ticket could nancy pelosi get? could she be held in contempt? not necessarily what happens, if your words are ruled to be out of order, they usually give the offending member to withdraw those words. otherwise, you know, that member is penalized by not being able to speak for the rest of the day. that is what happened in may of 1984 with then speaker tip o'neill. he was penalized for not, for using some language on the house floor that wasn't appropriate. he was not allowed to speak for
4:33 pm
the rest of the day. ashley: is there issue, she walked away from the house floor, even though she was the one being accused? is that no, no? >> well that is not how it is supposed to go. i've seen a number of these instances over the years where somebody says something or says something not within the parliamentary confines of the house of representatives. i'm going to just go through a couple rules here. this is really important. one manuel that they use to govern debate in the house is jefferson's manuel, written by thomas jefferson. one of the provisions there says you cannot use language that is personally offensive to the president. so going into this debate about the president, basically saying that he is racist and using you know racist language, some wondered how that would even meet the parliamentary standards in the house. ashley: if anyone can figure it out it is you, chad. good luck with that, the kerfuffle going on. chad pergram, thanks so much as always. melissa: they do this for a
4:34 pm
living. ashley: can you believe it. melissa: sit here and fight about words i guess. awesome. shares of food prep company blue apron closing up 35% after announcing it is adding beyond meat burgers to the menus next month. investors hope this will give a much-needed boost to the company. shares of blue apron are down 86% from a year ago. beyond meat shares up nearly 4% on the news. ashley: all right. from no meat do you remember this infamous line 2009? >> if you like your doctor, you will be able to keep your doctor, period. if you like your health care plan, you will be able to keep your health care plan, period. ashley: you remember that? melissa: i do. ashley: you remember that of course. melissa: i do. ashley: making a comeback believe it or not in the 2020 election. the question will voters be a little more wary this time? melissa: plus hundreds of other retailers offering discounts today, stealing some of the spotlight from amazon. so will this competition hurt
4:35 pm
the e-commerce giant? ashley: and as if fifth avenue isn't big enough already, the retailer announcing plan to install 8,000 square foot luxury man's shoe department. melissa: what? ashley: now we know where connell will spend his time. they will offer 2,000 shoes from over $60 to couple hundred bucks, for limited edition. melissa: you are the one that has 6,000 pairs of shoes. ashley: i'm not imelda marcos, no. ♪ award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century.
4:36 pm
but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. (past them because she didn't sknow they were talking to her.g and she would just walk right (deborah) i just could not hear. i was hesitant to get the hearing aids because of my short hair, but nobody even sees them. (avo) our nearly invisible hearing aids are just one reason we've been the brand leader for over 70 years. (deborah) when i finally could hear for the first time, i started crying. i could hear everything. (avo) call 1-800-miracle to start your
4:37 pm
30 day risk-free trial and schedule your free hearing evaluation today.
4:38 pm
all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook? yeah, actually. [what about him? let's do it. [ sniffing ] come on. this summer, add a new member to the family. hurry into the mercedes-benz summer event today for exceptional offers.
4:39 pm
lease the glc 300 suv for just $419 a month at the mercedes-benz summer event. going on now. melissa: breaking news right now. we're just getting word from the white house the president is meeting with republican leaders which was scheduled to begin at 4:00 p.m. eastern has been postponed. that is about all we know about it right now. we'll keep you posted on any of the details and developments on this. now this. >> i give people the option, if you like your health care plan, your employer based plan you can keep it. if in fact you have private insurance, you can keep it. ashley: have you heard that before? guess what? that was "politifact"'s lie of the year all the way back in 2013 with certain president obama. well joe biden repeating that familiar pledge from former president obama on the campaign
4:40 pm
trail, other 2020 democrats pitching their own health care plans to voters. here to react, james freeman dashing back into the studio. thank you, james. richard fowler, fox news contributor. let me begin with you. we've been down this road before. why do you want to attach to a plan not gone well? i can still hear nancy pelosi saying affordable, affordable but joe biden want to go back to the plan to build on that. what do you think on that? >> i think it's a good strategy, here's well. the affordable care act was not the best plan. if you talk to people in kentucky part of california or call care they argue they like the health care they're receiving f you are a parent, your child is in college, now allowed to stay on your parent's health insurance, with some preexisting condition you have health insurance. here are the three problems in the health care system number one. we have a lot of folks who don't have access to health insurance. number two, you have a lot of
4:41 pm
inefficiencies, right in the system where people fill out deal with companies, takes away from patient to patient, patient to doctor care. we have breakdown in the primary care system. any plans has to look at those three elements. what we've seen from republicans, roy blunt is the chair of the republican health care solutions, they released a four page document. i read it thoroughly. it doesn't address any of those issues at all f you're not dealing with those three fundamental issues. you're not dealing with what is at the heart of the american health care crisis. melissa: james freeman, let me get your reaction. ashley: brings back the penalty, if you don't get insurance. we're going down that road again. >> just as a matter of politics why mr. biden make people recall really the biggest consumer fraud in the last decade. melissa: right. >> maybe the largest in political history, that infamous obama claim which was completely false that people could keep their plans. i don't want to call it a lie on mr. biden's part, i'm not sure
4:42 pm
he realizes it will not be true once again because what he is plan his doing is creating a new government health care system, the idea is to demand with all the government's power much lower prices from hospitals and doctors. ashley: right. >> how are they going to respond? if they don't want to gout off business, they will raise prices on everybody else's plans, all the private plans. so once again, you know, i can't believe we have to go down this road again. you are not going to get to keep your plan. you are not going to get keep the same coverage. if it becomes law. ashley: let's leave it there. get on to the next subject before we run out of time. cracking down on high drug prices. democrat presidential candidate kamala harris wanting the federal government to certain prescription drugs. do you like that idea? >> we have to do something about the cost of prescription drugs and senior citizens splitting their pills, every time i go to
4:43 pm
cvs, people haggling with the pharmacist for cost of their prescription drugs we know the pharmaceutical companies are committing highway robbery when it comes to profits. go to other countries ie canada, the cost is half what we pay here. something has to be done. it is job of federal government to protect american consumer from predatory pharmaceutical companies. ashley: james, would you agree? there is bipartisan support on the general theme of this. president would allow medicare to set reimbursement level for certain drugs, what is your take? >> it sounds great if you don't have a disease which there is currently no cure. ashley: right. >> you're going to kill innovation. these other countries that have ratcheted down the prices don't create the drugs. >> i'm sorry. when you're charging $1000 for epipen for child allergic to bee stings. we have a problem in this country. you can't get away with that. we haven't seen a solution. >> more competition -- >> for epipens. >> if you're talking about not
4:44 pm
approving more competitors in the market, if you're just saying we're going to ratchet down the prices of -- >> what i'm saying you have pharmaceutical companies running away running away profits where as you have mothers who are children allergic to bee stings can't afford epipen because it is $1000, in canada it is $20. that is indeed problematic. ashley: james, 10 seconds, last word. >> there is easy fix to the peppy pen. what she is talking abought all pharmaceuticals having prices ratcheted down. >> epipen is one example of the public. >> don't allow a return, those investment will not be made in new medicines. ashley: we could be hear until next tuesday. we have run out of time. lively debate, richard, james, thanks for rushing back in. appreciate it. melissa: money over morals? presidential hopeful kamala harris after slamming law firm kirkland ellis for its work on controversial plea deal for sex offender jeffrey epstein on the
4:45 pm
same day her husband headline ad fund-raiser with some of the firm's attorneys. this is according to the associated press. the harris campaign decline toddies close how much money was raised the at event according to the report though. on same day, you think they would have thought that through. maybe she doesn't know -- ashley: exactly. now this. one giant leap for mankind. 50 years ago today apollo 11 launched to the moon, and into american history. we'll look back at milestone and its mark on our nation next. what's going on up here? can't see what it is yet. what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat.
4:46 pm
i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star. who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. expedia. don't miss your gto experience our most advanced safety technology
4:47 pm
on a full line of vehicles. now, at the lexus golden opportunity sales event. lease the 2019 es 350 for $379 a month, for 36 months, and we'll make your first month's payment. experience amazing. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not.
4:48 pm
and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. so, can it help us fall asleep faster? yes, by gently warming your feet.
4:49 pm
but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me keep up with him? yup. so, i'll wake up ready for anything? oh, we've got your back. so, you can really promise better sleep? not promise. prove. and now, save up to $600 on select sleep number 360 smart beds. only for a limited time. >> breaking news for you, magnitude 4.3 earthquake rocking the san francisco bay area according to u.s. geological survey followed by a 3.5 quake. almeida county office of emergency services says no damage reported so far that is good news. these quakes followed the 7.1 earthquake in southern california a week ago. the strongest in that region in decades. we'll keep you updated on this developing story. melissa: a milestone in american history. astronaut michael collins returning to the exact spot where he flew to the moon on
4:50 pm
apollo 11 with neil armstrong and buzz aldrin 50 years ago today. fox news's kristin fisher is live in washington with the latest details. kristin. reporter: melissa, here at the smithsonian air and space museum one of the most sacred space artifacts has been put back on display after 13 years. neal armstrong's spacesuit, the one he was wearing when he took the first steps on the moon 50 years ago this saturday, took a kickstarter campaign to bring it back to life. the smithsonian raised half a million dollars in five days. today the vice president and armstrong's children were all here for the big unveiling. >> now true to their creed astronauts never liked being called heroes. the man who wore this suit was especially resistant to such labels. but if neil armstrong was not a hero, then there are no heroes.
4:51 pm
reporter: another tribute to apollo 11 is taking place outside the museum on the national mall. starting tonight the washington monument will lit up like the saturn v rocket that launched michael collins into orbit. these tribute are taking place all over the country this beak, a reminder how big this moment really was for all of humanity. half a billion people stopped and, whatever they were doing, stopped and watched those three astronauts launch 50 years ago today. melissa? melissa: kristin, thank you. nasa is trying to send robots too there, right? reporter: yeah, that's right. they're planning on sending tease robots to the far side of the moon which is where the chinese actually just landed. these robots will deploy satellites that will look really deep into our galaxy. those robots will be remotely-operated by nasa
4:52 pm
astronauts on board a very small space station orbiting the moon called the lunar gateway. that is at least the plan anyway, to put american astronauts on the moon in five years. this time nasa, the trump administration, want to do a whole lot more than leave flags and footprints. they want to build a sustainable base on the moon where american astronauts, perhaps astronauts from other countries can work for years to come. melissa: my kids are thrilled. they watch all of this with such enthusiasm. great stuff. thank you so much for doing this, kristin. good to see you. very cool. ashley: very cool indeed. 50 years ago. amazon under pressure, a record 300 retailers like walmart and target cashing in on amazon's 48-hour prime day extravaganza with profits of their own. will that cut moo into the profits of the e-commerce giant? we'll have that story next.
4:53 pm
i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ .. i had no idea why my mouth was constantly dry. it gave me bad breath. it was so embarrassing. now i take new biotene dry mouth lozenges whenever i'm on the go, which is all the time. new biotene dry mouth lozenges. freshen breath anytime, anywhere.
4:54 pm
your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. and i recently had hi, ia heart attack.
4:55 pm
it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help.
4:56 pm
4:57 pm
melissa: just about 10 hours left to take advantage of amazon's prime day. but they are not the only ones offering massive deals. 300 retailers are offering discounts to try and compete. i noticed prime day is usually the focus. but i got hammered with offers from everywhere else to drown out amazon. >> what we have seen, every year a number of retailers
4:58 pm
participate during the same time frame prime day falls on, so it's become bigger than just amazon and amazon prime day. so what has -- what started as just a day for amazon is now bigger than amazon. but we still anticipate amazon to break records next year. melissa: we are running a list of companies that have been hammering my inbox with offered. when you see things like this funny report googling cancel amazon prime membership was up 18% as people were joining to get the deal then canceling. >> we still expect to see amazon break records with the number of mimms they are driving and the number of deals they issued is
4:59 pm
much more than last year. and they are driving sales of their own branded devices, which is one of the keys to their strategy. melissa: i mountained that. when you go on prime day, the only stuff on sale is their product and i want to buy other stuff. do they make money on the whole prime thing? i get preshipping on about 5 million items during the year because of the prime thing. are they still making money on me? >> absolutely. amazon is not known for having the biggest discounts. their customer service haven't be beat. and walmart is starting to compete in that arena as well. melissa: i order everything on amazon, pack of gum.
5:00 pm
reporter: clothes and shoes? melissa: have you ever been to a department store with three kids. >> not the best. melissa: thanks for being here, ashley. that does it for us, "bulls and bears" is going to start right now, roughly. reporter: big tech under fire. on your left, top tech executives from apple, amazon and facebook getting grilled in an anti-trust showdown. on the right, google facing question over possible censorship in its search engine. we are all over both on this busy news day. this is "bulls and bears." i'm kristina partsinevelos.


info Stream Only

Uploaded by TV Archive on