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tv   Mornings With Maria Bartiromo  FOX Business  July 29, 2019 6:00am-9:00am EDT

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numbers come out ahead. plus, deadly shooting in california, at least three people killed, 15 others injured. we'll take you there for the latest. "mornings with maria" begins right now. ♪ only the beginning. ♪ only the beginning. ♪ only the beginning. we have a huge show this morning. joining the conversation, lee carter, jack howe and mitch rochell. also on deck this morning, former speaker of the house, fox news contributor and collusion author, newt gingrich, former whitewater independent counsel, robert wray. and asian fellow curtis chen is
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with us and former presidential candidate mike huckabee and chairman of laffer associates, art laffer. we've got an amazing lineup. you don't want to miss it. the top story is china trade. u.s.-china negotiations picking up again tomorrow. robert lighthizer and steven mnuchin arriving in china, they'll meet tomorrow with china's vice premier. talks this time are around what -- they're going to look at agricultural products and huawei technologies. jack, i want to go to you first. a lot of controversy over huawei being included in these talks. it's so interesting, because seven months ago i don't think too few people knew what huawei was in america. >> or how to pronounce it. >> i'm still learning. what do you make of the new trade talks with lowered expectations. >> if you're a stock investor, i think this is a good starting point for you with expectations
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low. we had past talks where we expected a big, grand deal. i don't expect anyone talking about that now. they're talking about agricultural products and huawei but not the bigger problems, like getting the behin governmet behind state champions. >> there was a moment where it felt like this was a done deal. the market was operating on that assumption, that all changed in may. but there was a major sigh of relief that the additional tariffs didn't come on. >> i think that's a big overhang in the market that would shock the market if it happened. that could slow down the economy. the reality is, i think the expectations were that there was some deal baked into the market and i think that's all been peeled back, so this is sort of two point oh or maybe three point oh to try to do something that's doable. i think the huawei piece will be
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hard. i think what we may want and what they're willing to give may be far away. >> .>> enforcement will be hard. you're a public relations expert, where both parties can quote, unquote, save face, that's an interesting component. >> i don't see that will happen. the president tempered expectations when he said things like maybe they will, maybe they won't. when trump's not confident, you know there's not likely something to happen. if he was feeling like something would happen, he would be touting that right now. so i think they're both going in with very, very low expectations. >> when they sent the agreement over and it came back all marked up and completely different, that changed the whole tone of everything. >> for sure. >> china had more economic data out this morning, it was again weak. it feels like economically we're winning this war. i want to turn to the federal reserve fed chairman, jay powell, expected to announce the
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first interest rate cut in over a decade, this as the u.s. is experiencing record low unemployment, record high markets. some pureists out there think the fed shouldn't cut rates. i think they made a convincing argument based on worries about low inflation. >> i'm probably one of those pureists. i think inflation is the real issue. we haven't seen it. there's room for the economy to heat up some more, maybe they're trying to heat up the economy. i think there's been structural shifts that drive inflation in our new economy and the fact that we have a global supply chain, so it will be interesting to see what they do. the quarter point is probably what the market is betting on. if they go bigger, i think the market may react, that maybe the fed knows something we don't know. >> is that so? i feel like a week or so ago when the paper came out, bets for a 50 basis point cut, the market had a pretty good session that day.
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>> i don't know that we'll get 50 basis points right away. you hear double talk. the same people that tell you the economy is doing great, they also say we need a rate cut to save the economy. i think they want a cut to keep the stock market moving higher ahead of election day. this is also about europe. we have $13 trillion of bonds around the yield with negative yields. the 2% treasuries may not look impressive. it's drawing capital here. it's making our dollar expensive relative to other currencies. and it's hindering manufacturers. this is about bringing that back into a balance. >> there's a race to the bottom. everyone out there cutting rates and the fed certainly going to join the parade, whether people like it or not. it's another big week for earnings. major dow components. apple is going to get most of the attention. back in the day, it was exxon, always in the eye of the political storm. verizon is going to report, pfizer and a few other medical drug companies, all reporting
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this week. let's talk about this. earnings, it's interesting, because the first couple weeks came in so well, we were talking about maybe 3% year over year, now we're back down to negative 2.6%. but within that, we've seen amazing individual numbers. >> yeah, it's always about -- we always know the companies are going to outperform because they carefully manage expectations lower as we get toward reporting day and then they beat. the question is, how much do they beat by. do they beat by more or less than we thought they were going to? so far, it's a good reporting season. i'll be interested to see apple. in fact, apple's going to be worth watching carefully as the year goes along. they're coming up on a phone cycle where i don't think it will have a compelling reason to upgrade. not going to have a 5g. it could be a weak upgrade cycle for apple, coming, but we'll see what's going on with them. >> foreign earning season, i'm with you, jack, there's a lot of expectations from management that goes on. but signs for underlying
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economic strength, you saw the banks really told the story about the consumer being strong. that jived with the gdp number that came out on friday. so when you look at the apples and you look at some other consumer-focused companies, i want to see retailers, for example, i want to see whether or not the consumer is strong. that's the thing that's going to catapult us. >> it's interesting, because so far companies with 50% or more of their business in the united states are crushing it on earnings and revenue. they're absolutely crushing it. it's companies with 50% or more of their business outside the country that are struggling. they're negative on revenue and earnings. >> that could be the story with apple. it's a global product. the other thing to remember for the 50% outside of the country, we have a very strong dollar and that does weigh on earnings outside of the country. >> want to torn the controversy -- turn to the couldn't verve sigcontroversy overbaltimore. president trump tweetin tweeting yesterday, if racist elijah cummings would focus more on his
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energy to help the people of his area, perhaps help could occur. his radical oversight is a joke. the president is coming under fire from democrats for his criticism of cummings. this has become a racist issue, although there's some serious problems within baltimore and me personally as a black american, i'm much less offended by the word infestation than i am that blacks in baltimore make less than half of whites, that blacks in baltimore are dying at the highest rate of most third world countries, that blacks in baltimore live in di lap dated conditions. this means another decade where blacks i baltimore won't get he. >> i think it's an interesting opinion because when i look at the fight that the president's having right now, i think you've got to look underneath the
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surface of what he's trying to do. i don't think he's trying to be racist or offense. what he trie trying to do is deg the democrats as the urban centers that are failing, that are failing the american people. that's what he tries to do. a lot of people are so focused on that word or this r word and is he in fact a racist and all these other terms. when you look at how things will play out longer term, i think nose are thish -- those are the issues the democrats have to address. >> coming up, we're going to talk about the horror in gilroy, california. three people were killed at a mass shooting at the annual garlic festival. a manhunt is underway for a possible second suspect. also, pfizer is planning to form a generic drug company. new details on that deal ahead. we'll be right back. ♪ i want to dance. ♪ and love. ♪ and dance. ♪ and dance. ♪ i want to dance.
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the gilroy garlic festival ends in a massive shooting. claudia cowen is live in gilroy, california where the hunt is on for a possible second suspect. >> reporter: charles, good morning. as the manhunt for a possible accomplice continues, we are hearing horrifying accounts from some of the survivors of yesterday's shooting rampage and many describe the scene of absolute chaos. thousands of people including a lot of kids were enjoying the third and final day of the annual gilroy garlic festival when witnesses say a man with a rifle opened fire, stopped to reload and fired again. some say they heard as many as
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50 shots fired. people ran for their lives. according to one eyewitness, the shooter, described as a tall young man wearing cam oflauge appeared very calm. >> he had a rifle. he was able to shoot off three, four shots a second. >> reporter: gilroy police were already at the festival, providing security, and officers engaged the suspect in less than a minute, fatally shooting him. according to one eyewitness, when someone asked why he was shooting at people, the gunman shouted something about being angry. there are security screeners and metal detectors at the festival's entrances but a according to the police chief, the gunman broke into the venue by cutting through a back fence. police have not released any information about the victims, nor have they released or identified the shooter's
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identity or discussed any possible motive for yesterday's rampage. >> it's interesting, police were there and he was still able to reload. we keep talking about soft targets in this country. another one of these tragedies. >> reporter: that's right. >> all right, claudia, thank you very much. >> reporter: yeah, it's true. coming up, chaos in hong kong, police firing tear gas object protester as anti-government tensionses continue to rise there. plus, fed in focus, the central bank expected to cut rates this week. what former fed chief janet yellen is saying, next. kevin, meet your father. kevin kevin
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cut this week. former fed chair janet yellen is endorsing a quarter point cut due to worries about the global economy and persistently low inflation. joining me now is janine malik. the federal reserve, are you a traditionalist, the economy is too long strong, this is nuts oy see something about low inflation and that's worse. >> i guess i'm a pureist. i hadn't heard that before about myself. i'm a pureist, that's what i am. i am concerned that we're perpetuating an artificial recovery with the rate cuts. this would be the first time since the financial crisis. what's happened during that period? we have had debt explode on the corporate level, on the personal level and we just saw what our government did a few weeks ago as well. this is not a true recover phi irecovery ifwe borrow this chea.
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charles: isn't the role of the fed to perpetuate recovery. you're saying there's authentic and inauthentic recovery. >> absolutely. we have a strong economy. what's inauthentic about what's happening right now is we are making a move predicated on the global economy, so we have an unelected bureaucrat concerned about what's going on around the world affecting our country, that strikes me as strange. >> let's not forget about the fiscal situation, a trillion dollars in deficit spending. i don't think the difference of a quarter point or even a half point is a big deal here in terms of changing the landscape. i think at this point the expectations by the market are such, if they don't get that quarter point, there is going to be a temper tantrum. i think they will get it. charles: here's the irony.
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you speak of fiscal policy. last week, when mario draghi spoke, he was pretty clear that, listen, their central bank is doing everything they can but the european governments aren't. sos he's begging for the kind of fiscal policies that we're -- same thing when president obama was in office, they did it lightly but yellen and better be would hint they can only do so much. >> we need to demand our elected politicians fill the vacuum. charles: you're talking about the budget deal. >> three points of our society, corporate, personal and government debt is exploding. the fact that yields aren't increasing is fine for right now. that brings up a host of serious consequences for us structurally. if th the deficits don't matterf debt doesn't matter, why don't we pay for everything. charles: we may. we may. modern monetary theories, we
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actually may. mitch, i know you want to jump in here. but i think both political parties are now considering how can they take the federal reserve and find a way to manipulate it to back their own economic agendas, because any entity that is creating trillions of dollars out of thin air has to look so enticing to politicians. we can only tax americans so much more, even if you're a democrat. >> no question. and the thing that i'm hearing you say is we have a debt bubble, does that mean we have a corresponding asset bubble? are we doomed to have those bubbles burst? >?>> when the music stops, thiss going to be dangerous. the cheap economist on bernie sanders' campaign doesn't think deficits matter. when you start with that, it changes the way you look at our economy. charles: look at china's amazing economic growth to the
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second largest economy in the world largely on debt. their debt hasn't exploded. when the music stops -- when is the music stopping? higher rates, the rates you're calling for will have stopped the music. >>let's talk about china for a second. the president gets criticized for what he's doing. for almost 20 years we've allowed china to become the second largest economy on an international system that this country built. it's time for us to take a more velicose attitude towards them. it's way overdue. charles: beyond the gloom and doom. we're in this to make money on a day-to-day basis one day the you know what is going to hit the fan. but in the meantime, what do you suggest to our viewers who are saying i would like to make cash this week, perhaps, before we go off the cliff. [ laughter ] >> this week, then there's articles out there about how everybody's in the same names
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publicly. crowding's been an issue for a long time. in the immediate term, you can see the large cap stocks that we have, that's where you can go. we see people migrating out of public markets, there are so few names. people are migrating out of public markets, trying to get more yield in the private markets and facilitating a lot of trades in pre- ipo companies. >> when you broaden out the russell 2000, that's not doing well and you would think that those are not companies that are influenced by trade. they're domestic businesses for the most part. why aren't they performing in does that suggest there's something fundamentally wrong with the business model in the u.s.? i think. >> it's a self-fulfilling prophecy. all liquidity is going to those names. people want to make money this week or tomorrow and the long-term thinking that we don't see from the government is
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trickling down to the way we're investing as well. charles: the russell is enticing. the biggest losers last week were all russell 2000 names that got crushed big-time. >> in private businesses right now, the stock market's 18 times earnings, we're all buying the same stuff. i take my wheelbarrow full of money, i need charles to help. [ laughter ] >> i bring it do down to your o, what kind of deal can i find in terms of cash flow? >> everybody wants to be a tech company today. the multiples you get on those types of businesses, to be honest, we look for disrupters. that's what you see in the private sector that will be the most successful business. they're challenging incumbents. >> they're not always technology disruption. >> that's right. in almost every case, the smart private companies, you can use them on your smartphone. charles: i think it's great people can get access to the names before there's 20 rounds of funding.
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a recent article came out, 2020, a lot of the democratic presidential candidates would not immediately drop president trump's tariffs on china if they're elected, despite the fact they call these actions reckless. you brought up the tariffs. what do you make of that? president trump has gone out there and said one of the reasons he's having a tough time right now in this stage of the negotiations is china is waiting for a democrat to win and fold l. >> look, i mean, it is telling that many of the same democrats wouldn't comment for that article. it's a great idea until he does it in many cases. so if the previous president had met with the leader of north korea, i think many people would be a applauding that. it's interesting how he gets criticized. the same thing with china. this is an overdue issue, 19 years into it and tariffs is what he has at his disposal. it's something we have to address on behalf of the american worker. the democrats would want to be talking more about that. charles: fair they're in a pe
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between that and usmca. >> i totally agree. charles: thanks a lot. coming up, healthcare promises, 2020 hopeful senator bernie sanders is ready to defend medicare for all, despite announcing a tax hike that could pay for it. box office bonus, once upon a time in hollywood, now quinton tarantino's biggest opening and disney cleaning up nicely this weekend, that's next. ♪ money money. ♪ so good. ♪ money money. ♪ money money. ♪ we're changing what's possible every single day., but what does "changing what's possible" mean anyway? well...if you run a business, it means a lot. for starters, we provide you with financing options for your customers.
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charles: welcome back. i'm charles payne in for maria bartiromo. it's monday, july 29th. your top stories at 63:00 of a.m. eastern. investors are waiting on a string of high profile earningse
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fed decision and june jobs report. this after the nasdaq and s&p ended last week at record highs. the dow was also off for the week, just shy of a record close. taking a look at global action in europe and asia, overnight markets were lower, south korea hit especially hard by tech and auto. escalating violence in hong kong also hitting th the markets. china responding to the turmoil this morning. paying for healthcare, presidential hopeful senator bernie sanders wants to fund medicare for all by taxing the rich. but a new study shows most people already do have healthcare. and the lion king continues to roar, ruling the weekend box office and disney breaks its own record. we'll have those details for us. one angry picture, a cleveland end -- pitcher, a cleveland indian sent the ball over the wall, this without a bat.
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wait until you see this. it's all about healthcare for the democrats, healthcare in america, bernie sanders touting his medicare for all plan over the weekend. the 2020 hopeful saying it will slash healthcare costs thanks to a tax hike. >> under medicare for all, similar to what canada has, people are not going to pay any premiums, not going to pay any deductibles. the wealthy will pay the lion's share of the taxes. at the end of the day, the vast majority of the american people will pay substantially less for healthcare they receive. charles: this as an ap report finds 90% of people in the united states have healthcare coverage. joining me now, washington examiner commentary writer, beckett adams. it was interesting back in that interview, he said the rich will pay most of the taxes. bernie sanders has kind of admitted this is not going to be
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something that the rich pay for. it's hard to square the economic numbers. >> give the man points for honesty. at least he comes out and says it. that's something that will help him in the primary overall, the brutal honesty, saying we'll have to raise taxes to do this. one of the things that's so frustrating about this conversation, going back to the economic numbers, the constant referral that canada and other countries are able to do it. canada does it. canada has a population that's roughly the size of california. we're talking about 300 plus million americans that we want to subsidize by taxing the wealthy and also raising taxes on what would have to be the middle class. again, points for honesty. i'm not sure how he will sell this in the primary. >> this seems to shortness of o. you want medicare for all but most people who have private insurance they like it and they don't trust you to come up with something better. they want to stick with it for now so you provide it as an option, if people want to buy
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in, they can, if they don't want to, they don't have to. you don't do away with the entire private insurance business from day one. why aren't more democrats taking this more sellable path that can win an election for them. >> the bigger question right now is what is the path that democrats want. we have five candidates including pete buttigieg, elizabeth warren and kamala harris, all supporting form of medicaid for all, but they can't say how it will be funded and they can't say whether or not they're for the universal option. kamala harris has placed three different positions on this subject, the flip, flop, flipping, which is rare. the question, why they haven't taken this, i think nobody except for sanders, they support the idea but nobody wants to get into the weeds of it because it is unpopular. >> good morning. mitch ro rochell. i give him credit for honesty. he highlighted the fact that how
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taxes are in this country, he's leaving out if 180 million people have private health insurance, mostly supplied by employers, how does that work? what happens to the employer-based programs? and the other thing that's not addressed and none of the candidates seem to address it, and i think it's a legitimate issue, people who work for the private health insurance firms, what happens to them? do they become government employees? i think the details become important as this goes on and doesn't seem like anybody is pushing back on the lack of details. >> right, that's been one thing that's been talked about since 2016 when he -- senator sanders, that is, rolled out the medicaid for all plan, was the idea that this would slash thousands and thousands of jobs. maybe we'll see him push on that during the democratic debate. i can't offer specifics on his plan because he hasn't offered specifics on his plan and i can't speak for him. >> i think it's really interesting, because the midterms were really won on
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healthcare in many cases. you can talk about immigration as well. healthcare was a big issue for democrats. the specifics aren't out there. when bernie sanders talks about how he's going to pay for it, he says in a progressive way they're going to have to pay taxes. i want to understand what that is. republicans got hurt because they didn't fix healthcare. i think they'll have to answer for that in this election. when you look at the candidates, do you think there's anyone putting anything out there that's worthwhile. >> senator sanders would probably be at the top of the list just because he's been banging on the drum since 2016. healthcare is like immigration. it's a wedge issue that's far to valuable for either side to solve or fix. republicans can did this for eight years, running on put us in the house and senate, put us in the white house and we'll repeal obamacare. republicans got all three and obamacare is still here. charles: although not as complete as it was at one point. i think one thing we're missing is the fact that a lot of these
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folks are anti-profits. they're selling this as don't let big business get your money, you're the ones who are ruining everything. that's why some people call some of these ideas socialist. i want to turn to this russia investigation. california republican devin nunes telling maria bartiromo that there are three known groups that need to be looked into in order to understand why this investigation started in the first place. take a listen. maria: who is the mastermind of the plan to insert donald trump into russia meddling which we know russia has been meddling for decades? >> we know the clinton campaign, they're involved in the creation of the dossier, they hired fusion gps and christopher steele. that's a fact. the clinton campaign is involved. we know the fbi is involved to some degree. we don't know exactly what they were doing before july 31st, 2016. why? because they wouldn't answer the questions that we had over the last two years. somebody needs to look at these
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characters that were on mueller's team. i think they obstructed justice. they obstructed a congressional investigation. so that's number two. we have the clinton team, we have the fbi. there's also a third team that we know of. that is this cambridge team, this group of british people that were there, these intelligence related folks. so those are the three entities that we know and i think what the doj needs to get to the bottom of is when did these all intersect. charles: president trump's selection for the director of national intelligence, john ratcliffe, also telling maria that ag barr will deliver justice to any obama official who committed crimes. so what's your reaction to that, beckett. >> honestly, that's the most interesting thing we've heard about russian collusion in the last three years. last week when we saw robert mueller go before congress was a bit of a travesty. not for mr. mueller himself.
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he was gave jo was given a job e carried out his duties. but watching them berate him over the document did not seem to be a good use of anyone's time. figuring out how did this happen in the first place -- you said it earlier, russian have been meddling in our elections and elections around the world since before the cold war was even over and one thing that has struck me about the general tone of the coverage of the russia investigation is the idea that 2016 was the first time this has ever happened which is not true. charles: we'll see. the tables have turned for sure many beckett adams, thank you very much. another violent weekend of protests in hong kong, lauren simonetti has the he details, lauren. lauren: good morning, charles. so tear gas blanketed the downtown area as police also fired rubber bullets to stop thousands of protesters. hong kong police arrested 50 people yesterday alone.
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today, beijing has a rare announcement on the crisis. the hong kong and macau affairs office says it believes the one country, two systems is the best way to govern hong kong. it says the central government supports hong kong's police as well as its chief executive, carrie lamb. shares of mylan are soaring in the premarket on reports that the company is in talks with pfizer to create a generic drug company. look, mylan is up 26%. the wall street journal is reporting that pfizer would spin off the upjohn business and combine the firm with mylan. the new company which will get a new name will also sell epipen and viagra. pfizer shareholders will own most of the new company. the deal could bring in annual sales of over $20 billion. did you go to the movies this weekend? quentin tarantino smashings his own box office record with once upon a time in hollywood. >> explain to the audience exactly what it is a stunt double does. >> actors are required to do a
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lot of dangerous stuff. cliff here is meant to help carry the load. lauren: the sony pictures film brought in $40 million in its debut. it wasn't enough to dethrone lion king. the disney remake held onto the top spot, making $75.5 million over the weekend. lion king helping disney smash through the all-time annual global ticket sales record for a single studio in just seven months' time. disney taking in $7.67 billion in ticket sales this year, that beat the previous record, $7.61 billion set by disney two years ago. so disney winning at the box office. charles: as a box office winning now, for first four, five months felt like they were down and all i'm hearing is records, records, records. lauren: the remakes are doing really well for disney. that's their sweet spot as we saw with the lion king. also, and this surprised me, what's having trouble in the
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summer at the box office is the r rated movies. think about the movies you went to this summer. charles: it's all about taking the kids. lee, what do you sunshine. >> i think it's a lot of fun, all the remakes. charles: really? >> i do. you don't like them? charles: when they get to episode 8, 9, the prequel to the prequel. >> you're a grand parent. don't you want to take your grandkids to see the lion king. charles: i took my two daughters last saturday -- two granddaughters last saturday to the lion king on broadway. >> first of all, don't you trash talk toy story 4. charles: i think it's more of a problem for the r rated prequels. >> disney does 10 films a year, a 30% return on investment on these films. other studios are doing dozens. >> don't take your grandkids to
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see quentin tarantino's movies. lauren: i miss the romantic comedy. i don't know what happened to those. charles: i don't either. coming up, e sports gamers cashing in big time, this weekend's fortnite tournament handing out three million dollar prizes. we've got details. and a great lakes ship wreck discovered after more than a century under the waves. ♪ it's not a good day to be in a fight. ♪ nothing gets done, it will never be right. ♪ ♪ 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?
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charles: headlines across america this morning. the star tribune reports tornadoes reported in minnesota, washington and mcleon counties and no injuries so far after two potential tornadoes caused damage in northern washington county. severe weather sweeping across minnesota yesterday, leaving downed trees, power lines and damaged property in its wake. the dallas news writes american airlines struggling to have a significant impact on north texas, american is having a rough summer. the airline canceled 4% of the flights in june, about 7500 flights that left many would-be passengers scrambling, many assuming the grounding of the 737 jets are to blame. a labor dispute also causing
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problems. and the detroit free press says lake superior ship wreck site found after more than a century. the sr kirby sunk 1 103 years a. the report says weather was quickly deteriorating that day. the winds whipping up to 76 miles per hour and a huge wave took the ship down. two men and a captain's dog survived. there you have it, right there. i love ship wreck stories. i learned how to scuba dive to find th the sunken world war ii ships and planes and everything. >> i'm a fisherman, you often ship on top of wrecks because it's a great place for fish to hide. the fresh water in the lakes, i don't know if it works that way. charles: a publicly traded company said they had a $2 stock that maybe went to a penny, i don't know. you cover that one? >> i don't know.
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charles: maybe it's a new column. >> you've got the dog survived, you've got the wind speed, you know everything about it. charles: coming up, college paid for, a teenage e-gamer walking away with $3 million from fortnite. maybe he doesn't want to go to college. we'll see. we've got those details. plus, dedicated to his team, one steeler super fan gets a star wide receiver to really leave his mark. we'll take a look. ♪ snapping her fingers. ♪ she was up and down and round and round. nlshaking. ♪ 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 ♪ who used expedia to book the vacation rental which led to the discovery
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charles: a pitcher sent a ball sailing past the fences but not in a good way.
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mike joins us with more. >> this is wild. i don't know if you've seen this video yet. cleveland indians' trevor bauer had a tough day yesterday. it's what he did next that i've never seen. the broadcasters have never seen either. he gets taken out and he's not happy. he takes the baseball and chucks it 300 feet into the outfield. you see his teammates get out of the way. it's unreal. that's not supposed to happen. his manager comes out and he's like dude, what are you doing? like act like a professional. now, the best part of this whole story, besides being able to laugh at him, because that's wild, is the fact that he's actually on the trade block right now. he might be traded. although now what's his value? clearly there's an issue here. there's been rumors about he's a little off-the-wall. now you see him do this, not an ideal thing to do when the trade
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deadline is two days away and this might hurt his value. charles: he might have helped it too, saying listen, i've got arm strength, guys. if you want arm strength, that's me. >> forget pitching, put him in the outfield. charles: you might have nfl recruiting. back in the day, they would go in the dugout and beat stuff up. some were saying this was a dis of the manager. did you see it that way. >> he wasn't happy about the fact that he was being taken out. it was disrespectful to his manager and teammates. charles: this fortnite phenomenon -- >> there's a 16-year-old who won $3 million at this weekend's fortnite world cup. it has become massive, made over a billion dollars in 2018 a alone. 200 million plus players. my parents always yelled at me
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and punished me by not allowing me to pay video games. maybe they should have. listen, they wouldn't be paying my student debt along with me, my student loans. charles: can you imagine, your parent saying put that book down, what are you doing reading? >> the fascination is becoming huge. >> there's a stadium filled with people watching people play video games. can you imagine? >> arthur ashe stadium. >> there's a lady's soccer team that won a hundred bucks and chipotle coupon an this guy is winning a million bucks. charles: a trump tweet just came through. baltimore under the leadership of elijah cummings has the worst criminal statistics in the nation, the 25 years of all talk, no action. tired of listening to the same old bull. next, referre reverend al will o
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explain in protest. >> he's trying to define the democrats now as a party of failed urban policy. and last week i think he was trying to do it by defining the democrats at th as far left. i think these are the conversations we've got to be having. charles: the policies, it's hard to argue that they haven't failed in most of these cities and the democrats have been in control there for a long period of time. reverend al by the way is on his way, i saw a picture of him on the airport. >> i hate to step a land mine like this before 7:00 a.m., first of awcialtion he' all, het right. does anyone feel like he's shopping around for the next racially charged argument? charles: i don't at all. i hate when it comes to black people, we can't be honest about conversations. it's not racist to say there's a crime epidemic that needs to be
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addressed and fixed. tesla is revving up the fun and what the company is looking to put inside cars in the next hour on "mornings with maria." ♪ tearing up my heart when i'm with you. ♪ when we are apart i feel it too. ♪ and no matter -- can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. most people think a button is just a button. ♪ that a speaker is just a speaker. ♪
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charles: good morning. i'm charles payne, in for maria bartiromo. it's monday, july 29th. your top stories at 7:00 a.m. eastern time. trade is in focus, face-to-face talks between the u.s. and china resume tomorrow in shanghai. a look at what we can expect from these high stakes negotiations as we await a string of m high profile earnin, a fed rate decision, and the june jobs report. futures edging lower at the moment. after the nasdaq and s&p ended the week with record highs, the dow was up for the week, shy of the all-time record. taking a look at global action,
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europe markets are mixed. asia overnight rates are lower. nearly half of house democrats calling for action, putting more pressure on speaker nancy pelosi. and tesla looking to entertainment, the automaker bringing movies into vehicles. details ahead on that. plus, taking a bite out of baby shark, the song inspiring a new cereal. you can't buy it everywhere. find out where you can get it. and here to break it all down with me, lee carter, pwc partner, mitch rochell and howe. jack howe. the baby shark thing may be the biggest news of the week. [ laughter ] >. charles: coming up this morning, former arkansas governor, former presiden presil candidate, mike huckabee, former
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reagan economic advisor, art laffer, and robert ray and curtis chin, you do not want to miss this. the top story of the hour, president trump versus the democrats. nearly half of the democrat controlled house back impeachment inquiry against the president. the numbers steadily climbing closer to a majority. jerry nadler ramping up his push for impeachment. maria bartiromo spoke with house judiciary and intelligence committee member john ratcliffe yesterday. he said the case for impeachment is becoming a joke. >> my personal view is that he has done many impeachable offenses, he vi he lated the lax days from sunday but that's not the question. the question is, can we develop enough evidence to put before the american people, we've
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engaged in investigations into the alleged crimes and as to whether the president violated the oath of office. maria: do you think you popped the impeachment bubble. >> i think a lot of people have conceded it's time to move on, there's a hole in the impeachment balloon that's large enough for jerry nadler to walk and schiff to walk through together. they're starting to look like laurel and hardy, it's time to move on. charles: joining me now, former speaker of the house and collusion author, newt gingrich. thanks for joining us. >> glad to be with you. charles: it felt like last week with the mueller testimony that this would have been the end, that we would never, ever hear about this yet again and here we are, where more and more democrats are climbing on-board the impeachment train. what do you make of it? >> well, look, i think that the democrats don't have any policy ideas that they want to go to the country with so this is what
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they're left to talk about in the house. but i watched mueller last week. my first reaction was, and i wrote a piece on the newsletter about this friday, i mean, who wrote the report? it was very clear that mueller did not write the report. he didn't understand the report. at points, various congressmen were reading back to him his own report to correct what he was saying. so, one, we ought to find out and i hope attorney general barr will push hard to find out who was really in charge since obviously mueller wasn't. but second, i reached the conclusion after all of this noise that there was an effort by a government to affect the election of 2016. unfortunately, that government was the american government under barack obama and it was the fbi and the justice department and some other key people in the obama administration who were trying to affect the election in a you way that clearly vi violates everything we know about how to elect a president.
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i came away from all this at least as worried about what the americans had don illegally and inappropriately to change the election as i was to what the russians may or may not have done. charles: were you saying those who wrote the report were politically motivated, taking us through this two and-a-half year, 30 million drama, is that where you reach the conclusions that it was perhaps the obama administration. >> when i first heard that mueller was being appointed, i tweeted at the time and i lot of liberals cheerfully retweeted since then that i thought his record was terrific, he was an outstanding person, he had a clear tradition of being bipartisan. but the man i watched last week, i began to realize he really wasn't the mueller of historic fame, that he had come into a job unprepared to do it. i'm assuming that the left wing
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democrats, and that's all he hired -- i mean, his lawyers were entirely anti-trump. i assume they actually ran the project and the goal of the project was simple. avoid dealing with the clintons, avoid dealing with the real sources of corruption, avoid dealing with the people who started the whole russian story, and focus only on the trump side of the equation. i think if you were to look at it honestly, it's astonishing how many things the fbi and others were doing to interfere with and undermine the president and before that the presidential candidate on a totally one-sided basis. charles: how hopeful are you that this will be revealed through efforts by barr, the ig report, will we get more conclusive evidence of this? >> well, i think from everything i've heard and i don't know much more than anybody else, but from what i've heard the inspector
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general is doing a professional and thorough job. if that comes out with the kind of information i think it will, then i think the chairman, lindsey graham, of the senate judiciary committee will have an opportunity to establish an investigation. look, for example, why was it if you were for clinton you could lie and nothing was done to you, if you were with trump you could end up in solitary confinement for months. you look at the same kind of patterns, it is such an overwhelmingly anti-trump protect clinton process that i have to assume that it was the left wing lawyers, some of them by the way had worked for hillary clinton, some had been at an election night party for her, it's not like this was in any way a neutral effort. charles: i want to talk about the white house shakeup, director of national intelligence dan coats will be leaving the job next month, president trump tweeted the
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announcement yesterday, saying i'm pleased to announce that john ratcliffe of texas will be nominated by me to be the director of national intelligence. a former u.s. attorney, john will lead and inspire greatness for the country he loves. dan coats, the current director, will be leaving office on augus. i would like to thank dan for his great service to our country. the acting director will be named shortly. newt, your take on this change? >> well, first of all, i thought john ratcliffe did an amazing job dealing with mueller the other day. i think he clearly on television again on sunday was remarkably effective. i think he serves on the intelligence committee, he's a smart guy. i think he'll do a very good job as director of national intelligence. dan coats has a long career of serving the country and the congress, first in the house, then the senate, then as ambassador to berlin and then finally back in the senate and then the last couple years. but i think if the president believes that ratcliffe is going to be dramatically different from dan coats, he's in for a
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surprise. the director of national intelligence has to report to the congress as well as the president and their number one job, frankly, is to tell the truth, not to prop up policy. sometimes presidents -- every president sooner or later gets unhappy if the intelligence doesn't fit what their bias was and i think that dan coats said what he thought was true. i have a hunch that john ratcliffe is going to follow exactly the same process. charles: want to talk about the democrats divided, nancy pelosi downplaying tensions with freshman congresswoman, alexandrialexandria ocasio-cortz following a meeting last week. nancy pelosi said they sat down to discuss meeting the needs of districts and the country, fairness in the economy, diversity in the country. president trumpingtweeting on the squad moments ago, if the democrats are going to defend
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the squad and elijah cummings failure, it will be a long road to 2020. thethe good news for the dems, y have the fake news media in their pockets. your thoughts? >> i thought it was wonderful that speaker pelosi met with alexandria ocasio-cortez and that aoc and she are together. and i think everything we can do to get every democrat to be with aoc is to the advantage of the republicans. you have a very radical group. their views are way to the left of the american people. if the election next year is a choice of which direction we should go in, and the democrats are represented as they were at the first set of debates -- remember, every single candidate raised their hand and said they were for giving tax paid free healthcare to illegal immigrants, that's a position that i think you have five or six positions like that, they could be in for a catastrophe, both in the congress and the
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presidency. charles: we'll see. again, tha nancy pelosi going to have a hard time holding off impeachment, which may be driven by the aoc wing of the party. newt gingrich, thank you very much. >> good to be with you tesla revs up the ride, what streaming extras the company is looking to put inside its cars, ahead. plus, baby shark biting into breakfast, the hit song inspiring a cereal brand. where you can get it, next. ♪ if you're going to let me down, let me down gently. ♪ don't pretend that you don't juan wanwant me. ♪ water under the bridge. -driverless cars... -all ground personnel... ...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. no matter what you trade, at fidelity dto experiencer gthe luxury you desire on a full line of utility vehicles. at the lexus golden opportunity sales event.
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charles: a deadly shooting rampage at a popular gathering in california. lauren simonetti has the details. lauren: unbelievable, charles. a gunman opened fire at the annual gilroy garlic festival, killing three people, wounding 15 others before police fatally shot him.
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the shooter cut through a fence to avoid tight security to get into the festival. a manhunt is underway a after witnesses reported a second person may be involved here. more trouble for puerto rico. the woman next in line to be governor says she doesn't want the job. the territory's governor ricardo rossello and the secretary of state both resigned. the secretary of justice, wanda vasquez, said she has no interest in occupying the seat of governor. she is hoping rossello will appoint a new secretary of state before he leaves office. tesla's ceo says drivers will soon be able to stream netflix and youtube videos. here's the catch. content will only be available when the car is parked. musk does say a program could be watched on the go after fully autonomous driving is approved by regulators. let's take a look at shares of tesla. they're up about half of 1%, 229 a pop here in the premarket.
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and discovery's shark week very popular, has officially kicked off and just in time, kellogg's, the cereal company, has announced it's releasing baby shark cereal. you know what this is. the limited edition cereal will feature berry flavored loops and marshmallows, it will be availablavailable at sam's clubn august 17th and walmart in late september. we're not playing the music but here's how it goes. ♪ daddy shark -- >> four months in, my baby in the bathtub dances to this song and it's the best thing ever. charles: if i buy any boxes, i'll put them in a thing and see if i can sell them 10 years from now. >> i did that with billy beer in the '70s. they're still worth nothing. [ laughter ] >> that strategy backfired. charles: maybe i'll eat some and seal the rest.
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california senator and 2020 hopeful, kamala harris unveiling her healthcare plan. she's looking to reshape the healthcare system by transforming it over 10 years to a federal system that would allow for a limited role for private insurers, that would be able to offer medicaid advantage plans, for instance, this coming ahead of the next democratic debate. coming up, eart robert mueller's role, new questions over whether he actually wrote the report. and president trump versus big tech, the possible investigation of google into china and possible request for tariff exemption. exemptions. ♪ they're doing the mess around. ♪ everybody doing the mess around and here we have another burst pipe in denmark. if you look close... jamie, are there any interesting photos from your trip?
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ouch, okay. huh, boring, boring, you don't need to see that. oh, here we go. can you believe my client steig had never heard of a home and auto bundle or that renters could bundle? wait, you're a lawyer? only licensed in stockholm. what is happening? jamie: anyway, game show, kumite, cinderella story. you know karate? no, alan, i practice muay thai, completely different skillset.
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charles: welcome back. turning to the mueller probe,
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report, on sunday morning futures maria bartiromo spoke with house intel commit ranking member devin nunes about robert mueller's testimony. maria: your reaction from the mueller testimony. >> it's clear that mueller didn't write the report. so who wrote the report? we think there were five or six lawyers involved. we're trying to get to the bottom of that. i would say one of the main take-aways is is that we still don't have any russians, right? we don't know who the russians were that supposedly colluded with the trump campaign? why? because they were number that's what we said two enough years ago. there is evidence that democrats colluded with the russians. we tried to get to the bottom of that. clearly, mueller and his team of lawyers and 40 investigators and $40 million didn't bother to look for those russians. they were only looking for the russians that were mysterious because they don't exist and they never found them. charles: joining me now, former
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white disformerinvestigator rob. they say there was a deliberate effort by officials in the obama administration to sway the election. what did you get from this testimony? >> he may be right. but that's what we have an investigation to determine. that's why the inspector general's report, when we eventually he see it, i think now i'm being told sometime in september, it's been promised for some time and apparently there was more investigation to do as a result of the fact that other people became available to be interviewed and of course also the attorney general has commissioned now two u.s. attorneys separately to look into i think what we all sort of now understand to be the let's figure out what happened as a result of how this investigation came into being and so we're
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going to learn in the fall, we're going to start i think to hear something and the narrative will shift from impeachment to the-called investigatio so-callf the investigators. charles: everyone was shocked by the hear, it was not what was advertised. >> i hope they weren't too shocked. i think bob mueller did exactly what he said he was going to do. the department of justice was clear that they were going to make sure that he did what he said he was going to do. which was track the report and don't stray outside of that report. charles: like he didn't know what the report was, maybe he oversaw it but he didn't seem to have as much knowledge about the report as one would have assumed. >> it's a big investigation. i don't think it's surprising, since i've written final reports, that i wasn't responsible for writing every single word that was in a collection of five final reports
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that were sent ultimately to the court and then on to be released to the public and the american people. but it was also true i read everything and stood behind every single thing in the report. i did write some of it, not all of it. the only criticism i ever had of bob mueller was essentially just one sentence, i don't think he should have gotten into the question about what the investigation represented, it was either an exoneration or not an exoneration. that's not what prosecutors do. out of 448 pages, again, on the assumption as he said and testified that the words were very carefully chosen, in my own view that was a poor exercise of judgment. that sentence should not have been there. >> i'm really fascinated by that. i think everybody watched this whole thing, but not everybody watched the whole thing but all everybody took away from it was one sentence and that exoneration sentence, that statement that he made is what the democrats are hanging everything on. they're saying, look, he just
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gave room for the fact that there was criminal behavior and when he gets out of office we can go after him. >> i agree with you. i don't think that one sentence is a bomb dis abomb shell. i don't think it's appropriately in the report. if that's what you're hanging your hat on to justify prolonging the agony, that we're not conducting an impeachment proceeding but we have to say we're having an inquiry to look to see whether we're going to have an impeachment proceeding so we can get an additional -- charles: particularly ratcliffe hit him hard on that in the first place. 345l maria sat down with george papadopoulos. he told her he plans to head back to greece to get back a payment. maria: you were given money in israel, $10,000 in cash. you don't keep the money. you gibb it to your lawyers.
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you get on a flight to go home to dulles. when you land, there are fbi agents arresting you, asking you, do you have any money. >> basically, that's exactly what happened. and what i think this whole setup was all about was trying to frame a violation against me that i was under illicit surveillance for, for actually i think years. of course, this $10,000 which i believe was a setup by the fbi, likely, or even the special counsel's office, it was designed to make it look like i was actually some sort of foreign agent which i never had been and i never will be. charles: robert, your thoughts? >> he has commented publicly in another -- on another occasion about i think the words were ridiculous prosecutorial overreach and he may well have a substantial claim in that regard in my view, once we find out and get to the bottom of all this. i will say for people who don't
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do this every day, you would be surprised what you see in the name of criminal investigations and the sorts of things that go on. as the supreme court also once said, prosecutors are around to strike hard blows but not foul ones. and i think here what i think he is providing a window on is that there may well have been foul blows here, which is not acceptable. charles: robert ray, thank you very much. appreciate it. >> thanks, charles. charles: coming up, u.s.-china trade talks in focus, talks ready to resume. why expectations aren't the brightest. plus, mil millennials paying the bills, studies show they rely heavily on mom and dad. just how much, up next on "mornings with maria." ♪
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charles: welcome back. i'm charles payne in for maria bartiromo. it's monday, july 29th. your top stories at 7:30 a.m. eastern. trade is in focus, trade talks with the united states and china resume tomorrow in shanghai. a look at what we can expect. we're also waiting for a string of high profile earnings, the fed decision this week and the jobs report on monday. right now, futures showing the markets slightly higher, this after the nasdaq and s&p ended last week at record highs, the dow up for the week, just slightly shy of the all-time record. taking a look at global action in europe, markets are turned up. they were initially mixed. now all three european indices are higher. escalating violence in hong kong hitting the markets, riot police firing tear gas and rubber bullets into the crowd. china responding to the turmoil
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this morning. siri, who is listening to me? the shocking findings from a new report, straight ahead. plus, supporting older kids, the number of millennials getting money from their parents every month is higher than you think. those details are straight ahead. our top story this half hour, u.s.-china trade negotiations for the two countries set to meet fate face-to-face in shanghai tomorrow, looking to make a deal. president trump down diss playing chances of an agreement saying on friday, maybe they will, maybe they won't. joining me now, curtis chin. curtis, it's kind of actually good, i think at least from wall street's perspective, that expectations have been ratcheted down. what can come out of these meetings, out of this next meeting? >> both sides i think understandingly and appropriately are down playing expectations. the long-standing issues, forced technology transfers, mistreatment of u.s. companies, these issues cannot be resolved
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overnight. i think the markets just are pleased right now that talks are resuming at this high level. secretary mnuchin, lighthizer in shanghai, as you noted, these next two days, that in itself is an important step forward. clearly, don't expect any big breakthroughs this week out of shanghai. >> hi, kurt, it's jack howe from baron. it's getting to the point where we can start to envision the election coming and not having a deal in place, yet the market doesn't seem to mind. is that because you think that average americans kind of get it with the trade deal and china and would rather have let's say a good deal rather than any deal at this point? what do you think? >> i think president trump to his great credit has been very consistent. what we're seeking is fair, balanced reciprocal trade. it's not going to happen overnight. with an election year and xi-jinping's own challenge's in china -- i'm calling it a perfect storm hitting xi-jinping from the hong kong protests, with pushback with regard to what they're doing to muslims,
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calling out what huawei is up to, all of these issues are impacting xi-jinping and china. in this context, the united states and china have domestic concerns that they also have to address, trying to move this forward. at the end of the day, though, a deal will be to the benefit of both china and the united states and i think that's what we all need to focus on. >> curtis, i've heard it said that the chinese government doesn't trust donald trump in particular and it's not likely they'll make a deal because of that. do you think it's because they don't trust trump in particular or they don't trust our interests and we can't make them aligned. >> i can't speak to that speaking about trust, i'm not sure businesses trust what china said through the years. this goes back to since when i began under ron en ailed ronalde he said trust, but verify. the united states has to get its act in order.
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there's things washington can do today. one thing i've been hearing about is the need to reauthorize an institution called the u.s. export, import bank. we need to create that balanced playing field and if china is aggressively promoting its exporters, we need to do something very similar. we need to move this forward because in my heart, i was at commerce and treasury, in my heart i know that american businesses on a very balanced playing field will succeed. right now i'm with the millly kemilkeninstitute. what i'm hearing is keep fighting donald trump. the concerns about his behavior are shared with companies throughout the region. charles: we want something, right, as they move the ball forward, should we anticipate a large order for soybeans? should we expect something? because feels like really going into this meeting that president trump has extended more olive
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branches if you will than the chinese counterparts. >> we may get large purchases of soybeans. i saw some chinese companies were seeking exemptions from their own chinese system about what they could sell right now to the united states. the chinese government said it's up to the businesses themselves. my fear is that we be looking back at what's happened in the past, my fear is that the u.s. government might say that's enough. because clearly that is enough. that is not enough to paraphrase margaret thatcher, this is not a time for the united states to go wobbly in its negotiations with china. the united states is at an advantage because of the strong economy. charles: to your point, this morning china had even more weak economic data. by the way, lighthizer ain't going to go wobbly. on the screen we're showing the audience hong kong protests. police and demonstrators back on the streets this weekend,
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confrontations heating up on back to back days. you mentioned this before. it really feels like the people in hong kong are rising up but here in america we're not quite sure what they're trying to achieve, since ultimately china will be in charge of hong kong as well. >> you know, i'm with you there. i mean, i think all americans are for anyone really fighting for democracy, fighting for really a life that they can decide what they want to do. i'm about to get on a plane to hong kong. the last eight weeks of protests have brought to the world what's happening there, which is unfortunately i feel more fast move towards this hong kong being absorbed by china. right now it lives under a one country, two systems way of life. but increasingly there's an encroachment on that hong kong way of life. these protests began when the hong kong government sought to introduce an extradition law that would allow hong kong people to be -- all people in
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hong kong to be extradited to china. i think the world knows what rule of law of china looks like today, versus a democracy of canada and the united states. and so people are really fighting for their way of life and when you look at those really striking visuals, tear gas, rubber bullets, you'll see people from all walks of life but you'll see a lot of young people and one could have tremendous empathy and sympathy for the hong kong young people fighting for their way of life. i think we need to stand with the people of hong kong. clearly, like secretary pompeo who is soon leaving for asia, we want a peaceful resolution for this but clearly i think most people would identify with the hong kong protester. charles: many people thought hong kong would ultimately influence china but the hard line is there pushing back. curtis, hon thank you very much. coming up, president trump versus big tech, more on the possible investigation into google over china and apple's
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request for tariff exemptions. plus, millennials and money, new data shows they rely on mom and dad consistently to pay the bills. ♪ can't we be friends. ♪ ♪ can't we be friends. ♪ ♪ 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.
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charles: nearly half of millennials getting money from their parents. we're talking every month. susan lee has the details. >> millennials, we're so flakey, we're lacey lazy, we don't have ambition, looks like the survey saysursays over 46% of millennit help from parents every month. parents are the first place they turn to, 48% look to their parents when they're short on cash. 4.9% go to friends and 3.7% go to grandparents. it's not a lot of money they need help on. if you take a look at the bills that they ask their parents for help on, the number one thing is cell phone. their mobile phone bills. 17.6%. groceries come up next, close to 10%. rent, which i thought would be the top of the list, rent was only third at 6.5%. insurance and gas round it all out. it's not a lot of money they ask
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for but when they ask for money on a monthly basis it's just for things they need to pay to i guess subsist each and every month. let's think about it. being a millennial now is different from 30 years ago. people want to make the comparison. when you're saddled with $1.5 trillion in student debt which has gone up from $600 billion 10 years ago and those that owe $100,000 quadrupled in the past year. they do need some help every month. charles: i'm breaking out the world's smallest violin right now. i'm going to play this in the microphone. >> do you help out your kids? charles: hell yeah. >> if they ask for help every month. >.charles: my son is in colleg. he is living a pretty good life. i help everyone in my family out. they should have had coachella
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on the list. why does a struggling person need gas money? >> why isn't uber on that list. that seems to be the most you'd ubiquitous thing that shows up on credit card bills that i pay on behalf of my. charles:bills.charles: my son 0 uber bill in high school. >> where did he go? charles: i never knew. my stepson tipped me off. he said listen, i looked through this -- it added up to four grand from that's a lot. charles: that is a lot. >> how did you react to that. charles: if it was 30 years ago, it would have been different. [ laughter ] >> what about the parents that enable their kids. don't you think parent say okay, you need money for your mobile phone bill, sure, honey. >> do you think they give them money or they're on the family plan. >> they're on the plan forever.
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>> that millennials except parents' help forever. >> on the phone. charles: good news for apple. susan, thank you very much. appreciate it. coming up, folks, big tech in focus. the trump administration puts the scope on google for its ties to china and apple over a tariff exemption. we'll discuss that. stay with us. ♪ i get around. ♪ i get around. ♪ town to town. ♪ get around, round, round, i get around. ♪ i'm a real cool kid. ♪ i'm making real good bread. ♪ i get around, round, round, get around, round, round. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster.
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charlescharles:welcome back. if you own an iphone, it might be time to stop relying on siri and turn the listening assistant
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off. siri can be activated by something as simple as the sounds of a zipper, leaving any conversation open to surveillance and user data like location and content. joining me now research founder and chief analyst, lou basineste and lance elinoff. we keep hearing horror stories about the devices in our world. do we have to learn to live with this? >> we should learn how they work. they're listening for what's called the watch word, listening for siri, alexa, or okay, google. that means they're listening all the time n have to listen for that word, otherwise they don't work. everything after that word is considered a command, send it to the cloud, send it back. if it's nonsense, because it heard something that i thought s the watch word but wasn't -- charles: even if it's not activated, they're taking everything we say, vetting it and sending it somewhere.
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>> i wouldn't say the word they. it's not people. the program that is trying to match up what you said with what -- with a command that it understands, so it can do something, trying to figure it out. there's nobody sitting there, trying to figure it out. amazon, apple, all of them will take samples of anonymous data and samples of audio to try to improve the listening and text to speech or words to speech understanding technology to i'm proven it over time -- improve it over time. if they don't do that, siri won't understand you as well in the future, later on, it won't improve. charles: gi'm. >> we've all had the experience about talking about a specific product and having it show up in google search, having it show up in the amazon, what to buy, when you done google that product. >> i'm going to -- i will tell you the same thing i told many people. it's not -- your phones aren't listening to you when you think they're not. there are different ways to
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triangulate what you're thinking about, even through relationships you have. we're a web of connections on social media, through search, all kinds of data. that's how it happens. it's not that they're listening. apple has no interest in hearing what you're doing in your private time. charles: let's bring in lou. >> i'm not buying it. >> i'm not buying that, lance. i think you make perfectly valid points. there's action happening on purpose. we're gibbing them unfettered access to our data. they can't resist the he temptation. it allows facebook and google to serve better adless. to think they're not going to use the data that, it's going into the cloud and not being put into their business i think is a little bit naive. we are giving them that permission in today's day and age. i'm not saying big tech is all bad for doing it. we can't be naive to think it's not happening. >> i know all of these companies are using the data. that's what they do. that's how they sell ads.
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apple doesn't sell ads. they don't have to do that. nobody forced us to buy the devices and use them. charles: let me ask you about president trump. on friday he suggested the administration will investigate google for alleged work with china and the national security threat there that it poses for our country. some say his statements contradict steven mnuchin who said google had alleviated concerns of its work in china and said it was minimal. so where are we on this? >> i tell you, every one of these big tech companies -- every one of them has problems with regulators. every one of them has some reason to be despiced by some part of the public right now. they also lead the american stock market. when i see the white house say look at how great the stock market is doing in the us but also we need to crack down on tech companies, if you push that too far, it will change the stock market performance. microsoft is the only one i hear
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left out of the conversation. when did microsoft become the good guys? they are. >> they don't have the same technology. who uses cort a ana really. they're not collecting data, not selling ads. charles: we have the co-founder of facebook saying they're bad actors. it's governments around the world, even the big tech names -- maybe it's a marketing ploy. maybe they're pushing for more regulations, making competition harder. it seems to be an acknowledgement that something is wrong, something needs to be fixed or adjusted. >> big tech has gotten too big? does that mean we break them up? how do you break up a social network and keep them are from reforming themselves. how do you break up amazon which is underpinned by cloud computi. google chose to work on --
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historically it's rumored they're working on a censored version in china. they're inviting scrutiny and it's no surprise we're seeing -- charles: it doesn't help that they sort of kicked our department of defense to the sur curb and -- >> they're not working andre gone fly. that stopped -- on dragon fly. they stopped that. >> they were working with the chinese government. charles: thank you both very much. president trump just tweeting on the. u and china. the eu and china will further lower interest rates and put money into the systems, making it much easier for their manufacturers to sel sell produs in the meantime. too bad. what do you make of it. >> i think there's -- jack made this point earlier. there's all of this negative yielding debt around the world.
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there is slowing economies around the world. our economies are cup weld the rest of the world. -- coupled with the rest of the world. central bankers have to behave similarly if they want to stimulate growth. >> did someone help president trump with that tweet. he got it exactly right. we have to respond to the strong dollar. charles: he suggests 25 basis points is not going to be enough. >> it maybe won't be enough. you need to leave some dry powder. this is an aging expansion. evidencely -- eventually we'll get a resesmtion you don't want to -- get a recession. charles: they suggested there will be uncontentional pools. senator kamala harris releases her healthcare plan just ahead of the second democratic debate. we're going to take a look in the next hour on just how this moves the needle. more on "mornings with maria." ♪ baby, you and i.
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>> good morning, everyone. i am charles payne for maria bartiromo monday, july 29 your top stories 8:00 a.m. trade in focus talking fav trade talks united states and china resuming tomorrow in shanghai what we can expect from high stakes the world also waiting on the fed federal reserve two-day meeting kicking off tomorrow rate cut expected on wednesday fed chair powell getting support from predecessor jant yellen investors eyeing july jobs' report friday futures edging higher all morning near highs of the morning this, s&p record highs friday dow up for the week shy of all-time record take a look at the global action in europe you can see major indices higher however in asia overnight the about markets they mostly
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lower, south korea especially hard by tech and auto riots in hong kong, hitting stocks. >> 159 companies in s&p, all reporting big names you know apple and on chevron general motors to name a few what you should know before numbers come out straight ahead. >> plus one angry pitcher -- lets out frustration sending that ball over the wall without a bat. amazing! >> to break it down pollster matter lansky participants president lee carter, jack howell, 3i6789 cw partner mitch roschelle what is biggest thing this week there are amazing things on schedule. i mean what do you think moves the needle the most. >> rates but we know what we're going to get earnings, going pretty well, i think everything sets up 1 times earnings on stocks, 2, 3%
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yields on buttons might be best deal for sometime. make sure usual invested lower rates coming going to make what we've got look better. >> you could have earnings mis, and don't forget jobs friday, we also have a debate -- >> that is what i was going to say big deal debates and president trump doing a rally afterwards so i think start to see what parting the republicans running against democrats defining themselves with signature policies harris put --h out? >> let's talk about that kamala harris putout new health care plan said going to transform health care to federal system i think all of these candidates trying to distinguish them themselves liz warren put out 19 comprehensive plans more details, but i am not sure you are from what i have been able to read this is going to be enough to convince american public. >> says there will be some
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kind of rolls for private insurers earlier said wouldn't be raised happened said she misheard question in first decaying democratsout to be really leading people want solutions on health care i think people who watched democratic debates got frightened saw every last one saying no your private insurance out of business. >> they are unprepared on the issue of health care the reason democrats took back the house midterms was health care, number one reason if you thought running they better have a plan so i think. >> what do you make of the idea only biden saying hey obamacare is great we need to fix it you know feels like they are rejecting obamacare themselves, outside of biden. >> continue forget 2016, republicans wonder because they kept saying repeal replace repeal replace this is an issue seems on both sides, there is no real solution in the middle, as results to
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universal health care, if you have been to dmv you know, government can't really run something like -- >> i think you have to look at american people want the american people don't want singles payer don't want government to run it want option everybody has access to health care what democrats need to put for wad i think kamala harris is attempting to do here is it enough. >> last debates left me cheelg president chance reelection 65% i let you know whether higher or lower after this. >> donald trump -- 50% likelihood in betting market whether or not going to be president again. >> i think listen, it is a couple things here, there are he seriously animosity towards for profit system and so take it from corporations give it to the government, there is anyone ability of government to run anything smoothly dmv obvious imagine that one thing money part we talk about this
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extensively particularly on this network outcomes also important i don't have any confidence that i think the best health care outcome with a government run system -- >> i think average voter this economy is going well stock market going well, the average voter riffisk averse why shouldi take a chance on something new that is a real uphill climb. charles: by the way, that happened in australia. >> what they are dlieblgdz medicare for all most people say, look i know what parents are getting can go to any doctor paid for i don't have same thing my health care is worse every year fewer doctors higher could pace not happening with medicare they are feeling if they get medicare getting access to great benefits that is not what is likely to happen. >> fury doctors want to be involved joining the conversation this morning, former president candidate former arkansas governor mike huckabee chairman of laffer associates former a regular economic advisory art laffer,
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stuart varney don't miss it top story this hour china trade trade secretary lighthizer and treasury secretary mnuchin meeting with chinese counterpart tomorrow in shanghai joining me to ask is former arkansas governor former presidential candidate mike huckabee, you like that former presidential candidate thing should we keep repeating that? >> well i guess so rub in it charles go ahead. [laughter] >> reminds me of how successful i was running for president. >> thank you. charles: i am like we might have did it one time too many, thanks for joining us, okay all on negotiations all eyes on what happens next i think great news that expectations have been tamped down what sch we expect? >> well the most important thing we can expect is that the united states administration under president trump has been tough on china, thank god they have nobody else ever has before, as a
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result china has run rampant all over global trampled people destroyed human rights with immunipunity a headlines should be nodes how china is manipulating hollywood, there is a big surprise, but even to the point of taking certain patches off tom cruise's jacket in the "top gun" sequel because it offended chinese sensibilities, when china begins to run, the american movie industry to that level of detail we're in trouble secondly another big story came out that they have put in jail for 12 years, an activist ran web site so a composing corruption in china a communist to totalitarian regime not free people don't get to think for themselves speak for themselves worship for themselves for us to capitulate to a country that defies everything, america, is
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a stupid thing to do i am glad the president is pushing back, and taking an america strong approach. >> governor good morning mitch roschelle but do you think in the end low playinging the president we have election in 2020 they have a president for life do you think anything is going to get accomplished or sort of -- >> i think that is a good point, no i don't think they are going to try to do anything, because they like the iranians a lot of other really nasty regimes around the world are praying hoping going to be working really hard against president trump's reelection they don't want this pet to be back. but a lot of us for those very reasons do. and despite some tweets that people think are impolite, i want a president tough for america rather than one tough on america. >> governor i got is to ask about baltimore president trump, the -- on cummings
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tweeted baltimore under leadership of elijah cummings has worse crime statistics in nation 25 years all talk no action so tired of listening to same old bull, nothing will get done for the people in need, sad president trump coming under pressure from democrats and media for criticizing cummings some saying the word why is confesstation racist this is another example of president trump being racist. >> what you are have to it is. >> disgustingly honesty to say because pet points out outcomes any frav can reveal that it is racist, frankly saying it is raicht is vaiccist of if rats and are a trash must be because of race. no a lack of leadership a lack of community development organization and pride when
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president is calling it out has nothing to do with race my point to the democrats i guess we know bernie sanders is a racist be clear he is a racist because long before donald trump said anything by those said baltimore was like a third world country i don't recall a single cnn anchor getting on air crying about it when he said it i believe there is genuine concern about what president said when they get to bernie sanders call h racist be honest this is purer nasty partisan politics race bathe absurd. >> do you get the notion that people even when something is true don't necessarily like to hear it the president because he is in a bully pulpit has different responsibility to be sensitive to the fact i am
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overweight don't say anything about it but someone i don't like about very powerful hurts even more is there something about that aspect of it that should be addressed. >> well why should not the president call out issues where -- i mean hundreds of millions the not billions of dollars poured into some cities, and they are rat infested instead of money go being to clean up cities get people jobs, to help them with employment, instead the money has gone through governments thrown away sxhair cities stupid things stupid policies results obvious why not call them out for it? i think good leaders do that they don't pretend everything is fine and dandy when it is a complete disaster and mess. >> i wl ro love outrage placed by -- governor huckabee thank you very much always appreciate your insight. thank you charles great he to be with you. >> the deal of the day on wall
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street mylan will combine with pfizer upjohn business how the mega merger is moving. >> mlb meltdown throwing a ball over center field wall out of frustration later this hour. ♪ ♪ ♪ 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.
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charles: california garlic festival ends in mass shooting live in gilroy california hunt on for a possible second suspect. . reporter: that is right as that search continues for a possible accomplice we are hearing from grieving woman spoke outside one of the hospitals, where the victims of this shooting spree were taken has identified,a
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6-year-old boy as her grandson, one of the three killed when a gunman opened fire, at the gilroy garlic festival yesterday afternoon. the shooting spree sparking panic as festivalgoers ran for lives took cover wherever they could 150 people injured some seriously. thousands of people including families and kids have spent a summer sunday enjoying cooking competitions, music all things garlic, 5:40 starting to leave gunshots rang out shooter fired short bursts before reloading firing again as many as 50 shots according tosome witnesses he wasn't targeting anyone specifically they say but shouting at one point that he was angry about something. the rampage left the a minute before police officers took him down now trying to find whoever was with him. >> and we have some witnesses reporting that there may have been a second suspect but we don't know if that suspect was
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engaged in any shooting. or whether they may have been in some sort of a support role for the person that contributed for police say he cut o threw a fence avoiding tight security including metal detectors tall thin late 20 boss 30er8's carrying camouflage his weapon a kind of rifle police have not given a description of the second suspect officials expressing condolences heartbreak at seeing this well-known family, friendly event become scene of a country's latest mass shooting, of course, charles the question this morning is why, and police were to zero in on motive plan to give more details later this morning at press conference back to you. charles: coming up merger
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has been hanging on neck like albatross combining with milon assets the idea off patent generic this new company if you like formed, 40% mylan 60% pfizer, is going to be looking to emergeing markets china, other parts of asia can get assets off the books still is going to be making money bringing money in if you like from off patent drugs lipitor for cholesterol viagra xanax so three of the companies rather two of the products that are going to be involved in this mylan as we know basically since 20150 charles has been struggling in fact lost i think 3/4 of value generic markets struggled most analysts positive seeing it oppose for both companies a quick look at boeing in this premarket, we know that the idea that 737 max model could
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be ground he longer slightly higher premarket a lot of analysts say if boeing cannot get plans together with model they are going to have a very difficult time going forward. i want to highlight quickly beyond meat a super star may ipo up 800%, going to be reporting earnings after the bell most analysts consensus estimate looking for loss 8 cents a share on 52.71 million, back to you. charles: thank you very much, so we got -- percolating right now what are you watching for today's session. >> i think before the fed speaks the markets just going to move sort of in circles we have earnings this week i think apple an interesting one going to be sort of a part from fed but i think the markets on fed watch between now and when the announcement comes out. other than big earnings miss or beat i think the markets
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going -- >> we know misses pay heavy price for them. >> is there anything the china meetings could do? >> well yeah. something if went wrong right, it is lighthizer and mnuchin, signaled turning around coming home would shock the market but if we have some sort of a press release towards end of the week that we are making progress he scheduling next meeting -- >> sitting around a camp fire with marshmallows, kumbaya would send market up 200, 300 points what do you think. >> you know you watch the beyond meat like a benchmark for starvation for growth right now no earnings growth in s&p 500 people looking for ideas if you got something with any kind of top-line growth doesn't matter if profits are there doesn't matter if you don't have a lock on the market stock goes bill. >>ed fact of the matter that there is no way the numbers could right now zwruf rally right?
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this is based on we are going to be in dunkin' donuts going to be here, earnings right now are will be soon to be inconsequential. >> no one carries about fwhaubs did company do so special someone else can't take it including meatless competitors but companies meat producers why can't they get onboard? tieson says they are going to -- >> worked on this a long time my son took me to park episode beyond meat. >> wants him to be vegan he comes home one day beyond kentucky fried chicken everything was beyond maybe southpark predicted this two years ago. >> something about going away, into health care products i think -- for some that have the. >> meantime success begat success in this market the
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fact a lot of professional money administration bib curve have to catch up like playing may trigger diligence buying in general. >> everyone seems to own same kind of stuff the background is all money flooding into index funds, there used to be something sauld value investing now embarrassing to talk about it -- every time i try to find a value four big value play last week a dud, sometimes riding wave you think the first one off before not the last. >> interesting, we talk about strong dollar a lot of money flowing into our equity markets is from overseas, notwithstanding the fact more expensive than u.s. dollars negative yields arnl the world flight to something that generators cash and generators earnings. >> coming up globe growth outlook markets eyeing the fed we are talking trade negotiations, friday's jobs' report going to be big a week that could be critical though
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for the entire world economy going to give you more what you feed to know next, also, move over minivan why the car america loves to hate may be headed for the junkyard. ♪ ♪ ♪ ♪ -i'm sorry? -what teach here isn't telling you is that snapshot rewards safe drivers with discounts on car insurance. -what? ♪ -or maybe he didn't know. ♪ [ chuckles ] i'm done with this class. -you're not even enrolled in this class. -i know. i'm supposed to be in ceramics. do you know -- -room 303. -oh. thank you. -yeah. -good luck, everybody.
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>>. for maria bartiromo monday july 29 top stories 8:30 a.m. eastern, we are awaiting on fed to federal reserve two-day meeting kicking off tomorrow expected rate cut wednesday jay powell getting from predecessor support, as we await decision july jobs' report futures showing the markets pointing slightly higher at open right now. taking a look at global action in europe ftse 100 on track
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for best, nearly six months asia markets lower south korea hit hard by tech auto stocks riots in hong kong hitting stocks, minivan faithed away look at what is pushes once popular vehicle out of style one angry pitcher let out frustration sending that ball looking at it over the wall didn't need a bat to do it top story u.s.-china trade treasurio secretary robert lighthizer treasury secretary steven mnuchin meeting with chinese counterpart tomorrow in shanghai composite blake burman live at the white hou house. reporter: good morning there are not very many expectations heeding into this one you got to wonder especially after comments by president trump on friday, if the potential deal is on the horizon any time soon u.s. trade representative robert lighthizer treasury secretary steve mnuchin head
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to shanghai today for first face-to-face discussions with chinese negotiates, since the talks broke down in early may those negotiations will take place tomorrow, and wednesday. however, heading into the weekend the president made it seem as if he thinks china is playing the long game and waiting to the political environment here in u.s. sorts itself out in november 2020. >> more meetings, meeting after meeting i don't think personally china would sign a deal, if i had a 2% chance of losing the election i think china would probably say let's wait. let's wait maybe trump will lose we can deal with another dope or another stiff like people that allowed deals to happen this horrible thing to happen to our country. reporter: president top advisory larry kudlow said friday he doesn't expect any sort of grand deal from these upcoming talks treasury secretary, told me last week
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that he thinks they are still likely a few meetings away before any sort of potential deal might come about charles look at expectations for this u.s. is hoping to get back to the point of where things were when negotiations broke down, a couple months ago, they also, are hoping that china if you will fills promise on large scale buy top of the priority list for china expectations involving huawei. charles. charles: blake burman thank you very much along with trade talks picking back up fed expected to announce a rate cut wednesday, then that july jobs' report on friday, joining me now chairman of laffer associates former a regular economic advisory art laffer is there some they are thing that comes with that presidential award i know if in england would call you sir art will have a here and there has to about something else that comes with that i love it charles i love it i love it just the must wonderful day of
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my life. >> the china trade situation, you know, it is we -- the white house felt like have 09 to 95% there, send the report send the agreement over comes back all marked up like one might have high school term papers. and feels like starting scratch how do we handicap this. >> i think going to be happen it makes no sense not to happen. it is go a forward china good for the u.s. good for everyone, but these are negotiations you will have those upset-ups and downs i have a dollar bet with wood woodward a deal within six months and another bet with wood woodward we have deal 12 months i expect to win both you get ups and downs it is not there yet. >> is reason going to have a deal you are going to have a dollar, in six or 12 months because this administration wants to have something that
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they can claim victory around? and that deal may not be a huge deal but something whether agricultural products or some agreement on huawei perhaps is that near-term plan? >> well i think both administrations i think xi is in trouble in china would love a deal over there i think very good for him i think would it be very good for trump to have a deal as well now i happen to envision happening in peegs one agricultural one huawei one another that is always possible, i mean i don't see why it wouldn't be possible, why it wouldn't be good for both countries both countries want a good deal a win-win for everyone in the world, this what is we refer to gains from trade any barriers we can reduce and bring down, makes everyone in the world better off, the only problem with deals is they have internal domestic politics to deal with china has a domestic industries to deal with tough so do we, the steel industry doesn't want a great deal, there are a lot of industries
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don't want it, it is tough to make it happen. charles: artery former federal reserve chair janet he yellen subordinativing quarter point rate cut saying global economy weakening because of trade conflicts feel like powell driven fed more concerned about arresting low inflation becoming getting out of control, what counterclockwise the fed should do? >> if i were the fe fed would i reduce discount rate 50 basis points i think they made a mistake last time raised it equate while ago the market took a dank tank on that the reasons i give is that the u.s. is in a good shape, but could be we don't want to break momentum and one thing that bothers me in this whole world economy, is the weakness everywhere else except united states, you know, when everyone else is weak that does pull us down some. and i think we've got a great
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gdp growth i think 2.1% fine, and i think the rest of the world is in real trouble. and i think u.s. rate cap would help rest of the world as well as the u.s. >> hi, jack from barons. >> hi jack. >> you think 50 basis points so the question is, how low is too low? do you worry about us chasing europe chasing other kinds down closer to zero that when that next recession hits that we won't have enough ammunition to fight it? >> well i don't worry about latter part we don't have enough ammunition to fight i it will i don't think the right way the fed discount rate followed discount rates followed markets not led them markets are down interest rates way down from when they were raised last time. and i really think fed should follow markets down keep in sync there, that is what they've also a done they have broken trajection in the last six months or so i think they should realign that trajection
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lower rates, would it help the world economy, substantially equity values there is nothing wrong with helping equity values believe me when i tell you the markets precede good economic growth and i am expecting good growth, if they did that i think it would be very he helpful. >> i want to talk health care in submersing senator camera are harris unveiling health care plans to transform over 10 years into what she is calling a federal one would allow for limited role for private insurers, 2020 hopeful full bernie sanders touted about medicare for wul slash health care costs with tax hike i know early for you to crunch numbers with kamala harris' plan but overall the notion of government run system that, you know, prize down no premium things like that is its examine economically feasible? >>. >> not to my way of this can
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obviously, it is feasible in the sense that you know life expectations drop people get rationed by doctors all that sort of stuff which is happened in other countries, i don't think it is a good system i would like a private system here i think there are three things we really need for health care, charles we need we need catastrophic insurance we really do, now some people can afford it some can't but those who can't should be able to get from government period, number two we need transparency what it costs to get equipment for medical treatment what the qualities are of that product that you are buying, doctors included. and lastly we need low income health care i mean we have super kitchens homeless shelters should have free health clinics for those want afford anything maker properly other than three things i don't any think reason government to be an involved in health care no different
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than anything else people should make choices they want of products would it be rin a lot better lasek surgery dropped in play of free market plastic surgery same thing we need free markets in medicine, that means transparency. >> you laid out good ideas you are only one on right i hear laying out a plan specification what you want to do why aren't some friends on right more specific about with a they want to do on health care. >> let me just say i think the president laid it out very clearly, put out ask executive odd really great executive order on transparency on doctors equality pricing there, and looking up, for executive order on medicine, pills from medicines from abreed most favored nation three major foundation pieces i think for a republican pro-growth health care plan, so i would say the president i don't know why colleagues economics arbitrary -- sort of
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of silly from time to time as we know this is the way should you do it in health care. >> art laffer thank you very much, thank you. we will talk to you again soon, thanks very much you have a good morning now. >> sounds like you are having altogether too much fun. >> [laughter] >> why not we live in america market going to be up at open president trump new found freedom, stuart varney going to weigh in next plus temper tantrum mlb picture trevover bauer apologizing throwing a all about overss center field wall first special patriot from tennis channel. >> welcome back to a court report for fox business. coco to big time in washington, d.c. . >> 15-year-old a global super star at wimbledon took out our idol vaccinis williams dpirs round changed her life he beat
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two others before the champion in the round of 16. [cheers and applause] >> american came through qualifying in style in d.c. dispatching japan in straight sets fired 8 aces won four breaks on the way to the main draw for the first time in nation's capital. >> don't forget watch all the action, from the city opening exclusively live on tennis channel it all starts monday at 1:00 pm eastern. ion. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the whole experience. alright who wants to go again? i do! i do!
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i have a really good feeling about this.
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charles: president trump had a lot to say via twitter this week on a variety of issues more this morning joining me host of "varney & company" stuart varney. stuart, president trump really going at baltimore elijah cummings the conditions in that city over long period of time. >> charles i got the feeling that the president is had it up to here the expression goes he has been forced to play defense to some degree because of the mueller hearings all hangover from that, but mueller show is over, the impeachment show is over. we now have a very strong economy iran in its box lots of things are going for the president i think about to become unleased started as you say charles this morning, er is having a go at how the democrats have messed up the
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government of big cities in america. he is going to attack already attacked the squad and says look, you keep going with this, and it is a long road to 2020. he is tuesday and wednesday nights we've got democrat debates, i am sure the president will be watching and any talk about killing private health insurance or open borders or killing the oil and coal industries i am sure president will have a go at that blooip to me charlie is the president is about to be unleashed go on the attack tables turned no longer about defensive posture i think attacking posture very interesting for all of us. >> definitelying from no doubt about that on the other side of this stuart the democrats appear to me something of a rudderless ship a lot of -- problems of their own there is serious issues buckle inside
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is that party. >> totally split you've got is it squad versus the rest, progressives versus the rest, over 100 house democrats apparent want impeachment process to begin how that is going to play out it is not going to work they are split, i think i agree with you that they are rudderless i think president is going on attack about it i think successful attack do you any feeling who nominee will be feels to me most will gang up on biden try to knock him completely -- of any perch remaining. >> think a lot of skirmishing to be done i agree with you everyone takes on joe biden what happens when front-runner nipping at heales going after him i am sure of it. >> see you 12 minutes my
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friend "varney & company" every day 9:00 a.m. eastern time coming up stuart favorite vehicle minivan why that vehicle is now the one america loves to hate i hate to say it may be going out of industrial trevor bauer throwing the ball over center field wall out of frustration we will show you the play that sparked that temper tantrum next. ♪ ♪ we can bring together data spread across dozens of departments. that gives us a fuller view of the people we serve. dear tech, dear tech, we need to look after everyone in our community. and we want to help our fellow human beings. ♪ ♪
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i ever spent in my life. life line screening. the power of prevention. call now to learn more. trump treating crazy bernie sanders he adequated city of baltimore to third world country based on that statement i assume bernie must now be labeled racist battle
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more can be -- can be bought back maybe even to noah heights of success and glory but not with king elijah that crew when ladders of will the baltimore want to see as it rise again i am in at a very beautiful oval shaped office waiting for your call. >> congressman ratcliffe nominated to about new chief lauren simonetti has details. >> president trump naming texas congressman to replace dan coats leaving his post next month, coats resigning after turbulent two years in which he and president were at odds over russian interference in 2016 election ratcliffe fiercely questioned former special counsel bob mueller last week in congressional hearing, miniman no longer a mega hit on road sales plunging 13% over the past two years and then additional 16% through june of this year that
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according to one auto industry tracking firm look at suv sales hot jumping 20% in the first half of this year the "the wall street journal" commenting that minivans are going -- drivers look to distance themselves from soccer mom image a lot of moms want a minivan go figure take a look at this, cleveland pitcher gives up a hit bases loaded decides to show off arm power, watch. >> what he did before he came out watch this he turns and fires it i i thankfully against the boarded nobody in seats to get hit you don't that when manager coming out it is disrespectful throwing over center field wall before being yanked immediately apologized said frustrated about giving up four runs it was childish unprofessional has no place in the game, the
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indians lost 9-6. >> what about the minivan. >> bearable player throwing that ball how i feel when i hear what is going on with -- i am what you call an outspoken advocate for the minivan i drive one, look superior to suv every way you kidding me don't you like sliding doors? yoe -- >> it is not four-wheel drive you laivend in west chester county it snows and you go -- i want to go forward. >> snow day what are you doing snow day with mini van. >> you stay home. >> go out. >> still ahead final thoughts from our all-star people more an great joys of wisdom. we'll be right back. ♪ i won't go breaking your heart don't gobreaking my don't go
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charles: final thoughts from our all-star panel. >> you know what, i can't wait for the democrat debate this week. i want to see what party they are going to put forward, the party of the far left or moderates. charles: big week. we've got the fed, economic data coming out, the debate, china talks, earnings. there's going to be a lot that can move markets. >> i will also be watching the democratic -- i'm sorry, i dozed off for a moment. it happens sometimes. wake me up when the field gets down to about ten.
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charles: i'm saying they will attack joe biden on the border. decriminalizing the illegal entry into this country, i think that's going to be his next busing issue. >> he needs to have a strong night. he has to have a strong night. charles: we'll see. thank you all very, very much. that does it for us. "varney & company" is up next. stuart varney, take it away. stuart: thanks for doing all that hard work for me on friday. do appreciate it. good morning to you. good morning, everyone. it's a big week for your money. should be a pretty good week, too. for a start, we've got a slew of profit reports which, by the way, are already showing a better than 6% gain over last year. that's good. the latest stock sensation, beyond meat, reports this afternoon. that will be interesting. apple comes out tomorrow. a quarter point rate cut widely forecast for midweek. with the europeans businessly cutting rates, there may be more to come here. friday, it's the jobs report and that's expected to show more people coming off the sidelines,
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joining the labor force.


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