Transcripts For FBC After The Bell 20160505

David fasten your seat belts. Stocks turning positive after the close. Lori rothman is at the New York Stock Exchange and trader Scott Shellady at cme. Lori, start with you. Reporter big, round of applause from the dow, closed in positive territory. Sorry to say not a lot of Movement Ahead of tomorrows allimportant jobs report. The traders here tell me listen for the prior month in vision, that will be the market moving data point. Dow slightly higher, little changed across the board. We saw stocks and oil move once again closely in tandem. You had big movers despite little moves. Fitbit, stock hit 10,000 steps backward. The wearable fitness device, shares down almost 19 in the session. Earnings came out yesterday, not terrible. The guidance was the problem, and increasing concerns about Competitive Landscape between apple and also garmin for fitbit. Alibaba, better than expected, 39 rise in Fourth Quarter revenue, helped out in growth and merchandise volume. People are buying stuff off of alibaba. A nice pop for the stock. Up 4 . Mcdonalds, it was so close, not get a second consecutive day for a lifetime high for mcdonalds. 12 record close for the Fast Food Company this year. Mcdonalds will end up 5 cents, price little changed on that. And theres a look at mcdonalds. Lot of earnings after the bell. Standing by for those for you guys. Liz im going to get garlic fries to celebrate. Melissa . Melissa oil touching back as wildfires in canada threaten supply. Lets go to trader Scott Shellady for more. Talk to me about todays trade. Whoshlgs we came in this morning, we saw the pop from the wildfires and libya and unrest. Not about where oil goes up or down, its going to go longer. Weve got a supply issue not going away and getting bigger, and depending how the jobs numbers go tomorrow, if it follows gdp or adp were not going to see demands. Getting towards the upper end of oil and the supply issue is going to hang overhead all summer long. Melissa really . You think the jobs number will have an impact where oil trades . Talk to me about that. Its a gauge of the economy. Becoming less and less. The last quarter of last year, japan posted a 20year low in Unemployment Rate and had a recessionary quarter that quarter. So we cant look at the jobs number altogether. We need to see demand picking up. Not picking up with retail sales or gdp, its going to be a rip your face off number or cold oatmeal. Melissa rip your face off or cold oatmeal . You sell it. Thanks, scott. Liz david donald trump is shifting focus to democratic rival Hillary Clinton, a luxury she doesnt have with bernie still around. Blake burman has the latest. Reporter donald trump will now play the money game. The Trump Campaign announcing a National Finance chairman as they head into the general election. Hes a form Goldman Sachs partner who is the ceo of dune capital management. This is a bit of a reversal where trump has consistently touted selffunding his campaign. The billionaire businessman will put up substantial money toward the general election, however, it will likely be a fraction of whats needed. Its believed trump and the republicans have to raise at least a billion dollars in total to compete against the democrats and their nominee. The next major decision for trump centers around his running mate. Trump said earlier this morning theres a 40 chance he chooses one of his former rivals. The Presumptive Republican nominee is keeping his eyes on the primary. Trump will campaign a few hours from now in West Virginia. Tomorrow he heads to nebraska and oregon. All three states hold elections in the coming weeks, back to you. David blake burman, thank you, melissa . Melissa donald trump confirming to the wall street journal he wont be path to the billiondollar bill to finance a general Election Campaign saying joining me now, michael goodwin, New York Post columnist and fox news contributor. I cant believe he would put up his own money, hes too smart for that. Do you think hell have any challenge raising a billion dollars given that hes starting now . Part of that will come through a super pac. Thats an important part. I was looking at the numbers from 2012, president obama and mitt romney spent about 1. 2, 1. 3 billion in that race. So trump, its reasonable to assume hes going to need a billion of all sources combined, meaning himself, contributors to his campaign and super pac. Melissa hes trash talked super pacs in the beginning and saying anybody who used them is a puppet of the super pac. Is he going to have trouble getting that money . I dont think so. There are enough people out there. This is not about donald trump versus Hillary Clinton, not about donald trump versus Donald Trumps past comments. The pivot is a remarkable one because he anticipated, as said he he anticipated that the primary season would go on at least through the end of the california primary in june. This is a sudden change for him to begin to face a general election right away, youre seeing a flurry of changes that would happen gradually are happening all at once. Melissa im glad you mentioned Hillary Clinton, i want to show you the ad she launched against donald trump and get your reaction. See you on the other side. I am a unifier. The unifier party. Donald trump is the know thing candidate. Donald is a bully. Hes a racebaiting, xenophobic, religious bigot. A narcissist to the level we have never seen. He would not be the commander in chief we need to keep our country safe. Melissa what do you think . Clever to use republican words against the republican nominee, but i dont think any of that is going to work. The Republican Voters voted for donald trump knowing all of those things, they rejected all of those people. So i respect Lindsey Graham and jeb bush and all the others but i dont think the voters donald trump is aiming for are going to take the word of Lindsey Graham or jeb bush. I think those people have been discredited by those voters. I dont think this works. Certainly doesnt work with democrats who consider voting for trump. Melissa its entertaining. Hillary clinton raised 213 million for her campaign through the end of april. If theres something the clintons havent had a problem with, its hustling dollars, will she be able to raise as much or more than donald trump . I dont think money is going to be a problem for her. Shes basic he had a head start, shes assumed this from the beginning. She has a pot of money, the dnc has raised for her, the rnc has raised for trump. Shes well ahead of the money. Money isnt everything. Melissa jeb bush taught us that. We have earnings out. Herbalife out with First Quarter results to. Ashley webster. Reporter moving higher in afterhours trading, up about 4 . On earnings coming in on adjusted 1. 36 per share, well ahead of 1. 09 of the estimate. Revenue at 1. 1 billion, 1 increase yearoveryear. The estimate was for 1. 07 billion. So also raising fouryear guidance. Herbalife has been up 8 year to date. Up 24 in the last 52 weeks, bill ackman has a huge short position against herbalife, pushing the stock price higher after hours. Melissa thats got to hurt. Ashley webster, thanks for that. David earnings for news corp. , the wall street journal and New York Post due out any moment from now. As soon as that happens, were going to go there directly. Melissa . Melissa Hillary Clinton might have to testify on the emails. The federal judge saying the former secretary of state may be deposed in a lawsuit related to private email use. The judge granted a request for seven of clintons aides and staffers to be questioned over the next eight weeks, david . David more bad news for Hillary Clinton, the hacker known as guccifer who claims he hacked into her private server is speaking just days after the former secretary of state said there was no indication a security breach. Listen. Any indication that your private server was hacked by foreign hackers . Not at all. You accessed a lot of accounts, marcel. Is the clinton server easy or hard . For me, was easy. For me. For everybody. David everybody. Here now bill gavin former fbi assistant director. We cant verify guccifers claims, for her to say its absolutely impossible her server was hacked is incorrect, right . Absolutely incorrect, david. She doesnt know because there is no legitimate proof at this particular point in time. Have you some cyberexperts who are saying absolutely what hes saying could be true, we have one individual acting alone with technical ability, and i would have to see what the technical ability really is, but just picture a military complex from the chinese to the russians with numerous, unlimited number of individuals trying to hakt same server. Dont think it hasnt happened, i believe that it has. David forgive me for interrupting, the fbi has her server and going through it with everything they have. And now from guccifer, they have a road map of where to look . Absolutely. He when he went into the server, he probably left footprints, fingerprints in the server that they can recover through his archives. Bottom line is he got in there by going in through Sidney Blumenthals email address going back into the server going through the ip address through sidney blumenthal. Seems like a clever guy. David he also claims that he could see who else was hacking in. He couldnt say exactly who it was but could tell by codes which country it was. Hell know if they were chinese or russians or iranians looking at her emails. Absolutely true, and thats a very difficult set of circumstances for the government to unravel, because in these situations some of what he said could be true, some could be a little embellishment as these guys all do. But the bottom line is he has asked for consideration on sentencing, and the naysayers say he hasnt done it because he hasnt produced evidence. He hasnt produced evidence that we all know about yet. David hes certainly going to be help to the fbi because they brought him here from romania to get his help. Final question, bill, if in fact Hillary Clinton allowed top secret material to be viewed by hackers, not only guccifer but others he saw in there, should she be indicted . Absolutely, beyond the shadow of a doubt, prima facie should be indicted. David wow, do you think if she does receive from the fbi a notice that there should be an indictment and the Justice Department does not indict well find out about it . Maybe the head of the fbi will resign. No, i dont think director comey will resign for this. Hes got a 10year appointment, they can remove him for cause, there is no cause in this one. I believe when this all comes to light, if, in fact, the white house does something to nega an dictnt, ere wi be kerffle,he les weaven seein aong me. David the fbi says we have all the evidence, proof because of the server there was top secret material open to indictment and the Justice Department says no, there is going to be hell to pay at fbi, is there not . A lot of people that are upset. I think we have to understand that the fbi just investigates. The department has the grand jury and does that legal side s things. Tcand r n thing could be catastrophic for this campaign. David going to be extraordinary to find out what guccifer tells the fbi. Bill gavin, wonderful to have you here, appreciate it. Thanks, david. My pleasure. Melissa awaiting earnings from news corp. Due out any minute now. Estimates earnings per share of three cents on revenue of 1. 93 billion is the estimate. The total revenue in december fell by 4 yearoveryear. A lot of the weight coming from the print business. Theyre looking for good signs coming out of Digital Advertising and digital real estate. David they used to be the Parent Company of fox business. That Company Split about 3 1 2 years ago, and now represent primarily the print editions, though they have Television Properties overseas as well. Well be watching very closely. As soon as those earnings come out, well bring them to you and analysis in just a minute. Melissa the print names including New York Post, new america marketing, story full move some of the brand names see under the title and twentyfirst century fox earnings out yesterday, the Parent Company of the digital and Television Properties and cable property. David competitor to the wall street journal is the new york times, figures came out and they were not as bad. They were expect a big drop in ad revenues, the market was pleased by that. We can only assume that during the difficult times when companies are hunkering down, some going back to traditional clients and that would be in this case, folks in the print media. Melissa Small Business account for half of the private sector employment, but as more states hike minimum wages, Small Business owners are forced to fireworkers to cope with rising costs. Donald trump is changing his tune on the issue saying he would be open to hiking wages. Here to weigh in on what Small Business wants, from the next president is aziz hashim, change the International Franchise association, also a franchise owner. The franchises you own are p popeyes, dominos. As you know, business does well when we have certainty, and we feel as if there are a number of attacks on Small Business. Melissa like what . Give me specifics. A move to employ a joint employer standard which makes locally owned franchise businesses equivalent to giant conglomerates which is just not the case. These things hurt opportunities for people to start Small Businesses and employ people. We have all of the regulations which really are not solving any problems but creating more burdens, and theyre hurting the ladder of opportunity for millions of americans. Melissa who do you think would help you of all the candidates out there right now . I dont think its a matter of which candidate. All the candidates have to focus on the same issue which all business which is the engine of our economy to create jobs . And how do we help businesses instill this ladder of opportunity. People say the issue in america is income inequality. I disagree with that. The issue is not income inequality. Essentially income inequality is a symptom. The issue is opportunity inequality. Were in a service industry, a Service Economy and franchising is well positioned to help millions of people achieve their financial goals. I find it interesting that in the last few weeks both president obama and speaker of the house paul ryan have spoken fondly of their first jobs in fast food, so this is a red herring on the minimum wage and other issues. The problem is how do we help create opportunities for americans, and thats primarily done by supporting franchises and helping us grow. Melissa absolutely. From the first job in the industry to potentially becoming an owner as a way to make yourself an entrepreneur. Definitely a ladder out. Thank you so much for coming on, we have to go for breaking news. David herbalife shares are jumping afterhours after earnings report. It closed at 58, well over 62. Fox news Senior Correspondent fox business Senior Correspondent Charlie Gasparino has details on herbalife and the discussion of these investigations, these congressional investigations, charlie . Basically as we reported earlier they were expecting an end to the investigation or concluding the ftc investigation into the business model. If you look at 10 q, the Earnings Release buried in there is explanation whats going on. Number one, they say that investigation is at an advanced stage, it is essentially over. They say the investigation could end in a settlement or some sort of injunctive relief. This is why the stock is jumping. They believe if they reach a conclusion or settlement with the ftc over herbalifes business model, this emanated from bill ackman, the short seller saying this is a pyramid scheme, it makes money by bringing in distributeors and not selling the products. Theyre saying if they reach a settlement with the ftc and given every clue in the Earnings Release that its happening, theyre going to pay up to 200 Million Dollars as the best estimate. That is not a lot of money, that is why the stock is spiking right now, and its kind of interesting. I thought the stock on a good i thought it would go as high as 70. If theyre saying theyre going to get out after two years of being blistered by bill ackman with 200 million fine and injunctive relief, it could hurt earnings. They may be forced to scale back and aggressive marketing to distributors. Thats what they were criticized for by ackman. Luring distributors thinking they could make money by selling the shakes when its difficult to do so. Maybe a bigger earnings hit to the bottom line. is if they get out of this without being shut down with a 200 million fine and injunctive relief, stocks are going higher based on what we said. We knew this is likely what they were going to report. Based on my reading of the 10 q, this is exactly why theyre up. David well be watching closely for this full our. Thank you very much, melissa . Melissa gopro is out with First Quarter results to. Lori rothman on that one. The market liked what it heard on afterthebell earnings. Shares up 7 in the extended session. It is the second consecutive quarter for loss, the exact number is a decline of 63 cents per share. But the expected loss, which is actually wider than the expected loss which is 60 cents. Heres the good news. 183. 5 million is better than the 169. 08 million anticipated for gopro. Better than that, gopro has been hammered by the analysts who are actually sticking by fullyear guidance, and the analysts are becoming bullish, optimistic with the karma drone product as opposed to the products gopro put out which were a flop for the company. Thats where we stand. Gopro up in the afterhours. Melissa i know, the drone is the future of gopro, they had to slash prices on the hero 4 was the camera before that, supposed to be the saving grace and had to slash prices and do a closeout, it wasnt a point of hope and Drone Development was where they were hoping the future of technology could go. My kids cant get enough of the drone. Thank you very much. David another one of the companies where its not earnings, its losses, like you saw with tesla. Were going to be watching gopro, and waiting for news from news corporation, used to be the Parent Company of fox business and fox news, split in two parts. Most of the print journal parts of that company went over to news corporation. Twentyfirst century fox is where we and fox news went and other holdings of motion pictures, et cetera. The print media represented by news corp. , wall street journal, market watch, barrons, the far Eastern Economic review. Melissa lets bring in Ashley Webster and bring in color what were expecting from news corp. The march quarter to remain challenging as we wait for preferences from print to digital, although make inroads for digital. Ad print was 44 of revenue in 2014 for news corp. That includes a lot of the wall street journal, dow jones, New York Post, a host of other daily newspapers and cable entities overseas. Ad revenue was down 6 in the last quarter. Thats why its so important were looking at the numbers. Its revenue streams, isnt that analyst comment if ever there was one. It has been an interesting, its been down about 18 . The stock over the last 52 weeks, down 9 this year, but were interested to see where they stand right now. This is the fiscal Third Quarter for news corp. And, of course, well be waiting for those numbers, expecting three cents for the earnings, revenue 1. 93 billion for the quarter. We are anxiously looking at the charts, waiting for the latest numbers to come down. As soon as they do, ill let you know. Melissa there have been acquisitions in the Digital Space that have helped to boost the area, digital revenues could be the bright spot were looking to in the details of the earnings report. Unruly holdings and move, inc. I like the sound of that. It fits with the post brand well. Right, ashley . Unruly would be a good word. Melissa you have a lot of talent that way. And a hip move, you mentioned the move in the real estate section, thats part of the transitional phase that news corp. Is trying to move into to get to the available dollars in ad space. How much can they get on digital ad revenue to keep this going. Were waiting. Melissa thank you. David trump is pivoting in the general election but keeping proposal to deport 11 million illegal immigrants. Listen. Theyre going to be deport. We have a country where we have many illegals in the country and have to get them out and go to a process, go through a system, and ones that have done well and achieved, we want to bring them back in. David the problem is trumps mass deportations could shrink the economy by about 2 . This coming as the uscbp says the number of families apprehended illegally at the borders is up 3 . John lonski from moodys joining us now. The American Action forum sounds like a lefty organization that might be against trump. Its actually a moderately conservative group with doug holtzeakin and mark coleman. What do you say . It is not cheap to return we tolerate ad flouts of immigration laws for such a long time to the supposed benefit of the economy, that reversing course will not be easy. David well, again, there are some people that say this might be one of the things that donald trump just puts out there that is so impractical, folks from bill oreilly to judge andrew napolitano, when push comes to shove he wont be able to do it because the legal costs will hurt the country. What it does to the court system. In the end bottom line, finally determines what becomes of this effort to deport illegal aliens. David like one of those things when he says he will force apple to manufacture iphones in the united states, which would at least double cost of it phones, one of those things he puts out there as a position he may pull back from eventually . Just all rhetoric. That is what well probably find out in the long run. You know, intention would be that over time we begin to enforce laws onism my graduation as was intended. And like wise we take a look at ease which Companies Move operations overseas. David on the other hand when youre talking about immigration, there are costs associated with all immigrants in the united states, one of those costs president obama budgeted for, cost of unaccompanied minors, 17,613 bucks how much taxpayers pay for each unaccompanied minor. That is not chum change. That is major issue going forward. It will receive a lot of attention in the near term as the Obama Administration comes to an end. David john lonski, moodys chief economist. Great to see you thank you very much. Same here. David melissa . Melissa we have breaking news, House Speaker paul ryan saying he can not support or endorse donald trump right now. That was in an interview moments ago with cnn steve mack man, democratic strategist, noelle nikpour, are here to join us. Im surprised by this the other night Reince Priebus signaled to the party to get behind donald trump. Speaker paul ryan not doing it yet. Surprising to you . Very surprising, after our chairman announces and says we all need to unite. Behind the nominee. And when speaker ryan comes out saying that he is not going to endorse our support, do anything of that nature i think that is kind of sending a cross message. So, i dont know. David steve are you licking your chops . Does this sound good to you like the fight continues . There is that. There is that aspect to it. Look, i think, i think paul ryan is somebody who understands that the Republican Party has been around for a long time. It is a party of principle. I dont happen to agree with many positions it takes but the party has been taken over, hostile take over by a rich, wealthy wall street business guy who doesnt represent values or views or policy positions of the Republican Party. Every single politician up for election this year, every republican up and down the will have to make a choice whether the principle of party and preserving protecting future of the party is more morn important this president ial election. Melissa is that the choice, noelle, or is the choice do you want donald trump or Hillary Clinton . That is what the choice should be. This is really sad. But, there are some people that are in crossways with this and they dont know what to do because they have been so adamant. There was a Huge Movement with the never trump and you know, this is just a couple of days after the movement, with the indiana, with trump winning that. And so a lot of people are still licking their wounds. A lot of people have not forgotten nefarious attacks that trump made on each one of these candidates from physical attacks to, just, nicknames that were absolutely awful. And i think a lot of people are, you know, they are really waiting to unite behind trump, do we want Hillary Clinton . Do we want benghazi . Do we want somebody that feels like they are entitled to, you know the office . Is this what we want . Would we actually stand against trump with our own party if he is nominee . He is not perfect but do we have to actually want to sit out and allow Hillary Clinton to just take it, just walk in there with a big red bow on the office . No. Melissa david . David ask steve mack man, you say he doesnt appear to the average guy. No david well you said something similar. He is only candidate who has created real jobs in the private sector. And that is something that diffentiates him from all the candidates. By the way news corp out with Third Quarter results. Weve been waiting with bated breath. Ashley, give us numbers. Bated breath and everything else. Lets start with earnings per share. Earnings four cents on adjusted basis. One cent better than estimate. Revenue just a tad short of 1. 89 billion. The estimate was for 1. 93 billion. News and Information Services revenue at 1. 23 billion, just a little shy what the street was expecting but it does go on to say that the company is on track for improvements in the Fourth Quarter. Thats where we stand this hour. As you can see the stock, well, bid and ask, a big gap about a buck 70, closing at 12. 17. David it hasnt changed for the past half hour. Perhaps it hasnt caught up with the after hour traders. Closing value of 12. 17. That 11 30 been for the past half hour 11. 30. When you have the beat on earnings it is a pretty good thing. The problem is the revenue. You see 1. 93 estimate, the actual revenue was a bit shy of that. That might actually cut into it, ashley. It will indeed but were still waiting for revenue numbers to come forward. The advertising revenue of course so critical. 44 of all total revenue last year. Were keeping eye on that. Beat on earnings and little shy on revenue. David ashley, thank you very much. We finally got it, melissa. Melissa yes. Prepare for veep impact. The race is on for the next Vice President of the united states. No certainly consider him. He is something i have gotten along with during debates. During intermission i always seem to be talking to john. I am considering talking to a number of people. Think well have a great choice in the end. This might look like a zerogravity drop. But its actually a triumph of predictive analytics. Because of optum. Through Population Health data, they provide insights so doctors and hospitals can identify highrisk patients. Like me. Asthma. Potential hospital visit. Powered by optum. From health plans to providers to employers. We connect all parts of health care. Healthier is here. Youre all set to book a flight using your Airline Credit card miles. And surprise those seats sometimes cost a ridiculous number of miles, making it really hard to book the flight you want. Luckily, theres a better way. With the capital one venture card. With venture, youll earn unlimited double miles on every purchase, every day. And when youre ready to travel, just book the flight you want, on any airline, then use your miles to cover the cost. Now youre getting somewhere. Whats in your wallet . David news corp beating earnings estimates. A little low on revenue side. Lets go back to Ashley Webster in the newsroom with more. Hi, ash. Hi, david. David i wanted to say, the bid and the ask, we didnt see much change over past half hour since the results were announced probably because the volume is pretty low . It is so low, david, it is not moving the dial. If you look at bid and ask, exact middle would be 12. 11 where the stock closed. That is why were not see anything movement yet. Couple things about the report, digital says news corp accounted for more than 50 of total revenues for the very first time. That is interesting development. Book publishing side was little short of estimates as well as news and Information Services but overall the company is saying it is on track to see improvements in the Fourth Quarter. This is of course the fiscal Third Quarter report that has been released today. So there you go but not enough to move the dial. Still right there. David people are not reading enough books. Folks, read some books for god sakes. Ashley webster. Thank you very much. Melissa the attention shifting to a possible general election match up between donald trump and Hillary Clinton. The donald is already launching his search for a running mate as speculation grows on who hillary would choose. Here to share their picks for vp, Steve Mcmahon and democratic strategist and Howard Dean Campaign consultant and noelle nikpour, republican fundraiser. Steve, you said Newt Gingrich or Chris Christie would be likely picks for trump. Is that your Wishful Thinking or is that who you think. When youre nominee of the party, you have a choice picking a Vice President. Can either leverage your strength and Donald Trumps strength he is outsider, willing to say anything. A lot of people like that characteristic about him and that would make Chris Christie an attractive pick. On other hand other option is weakness, and his weakness he doesnt have a washington insider among his campaign and perhaps picking a vicepresident ial nominee who knows their way around washington, someone like Newt Gingrich is saying nice things about donald trump. I noticed that. That would make sense. I guess paul ryan is out for today. Melissa as for this moment. Things can change all the time. People have their opinions of trump though have changed. As their opinions. Noelle, he also started say nice things about marco rubio. Said he was a good guy. He got a little nasty but i got him. I love politics. Who would you pick for donald trump . I think best choice is area where he has a little bit of weakness is women. I think one of the best choices if he would do, if she would do it, governor nikki haley. Melissa i agree with you. She is sharp as a tack. A lot of people like her. She is a mom. Governor of south carolina, i think she would make a great case for the average working mom. I think that a lot of people could relate to her. She is really connectible woman. Melissa we have to pause there. We had so much breaking news. David, send it over to you. David well, speak of the donald, the bond king is weighing in on the donald. Take a listen. I have been predicting a Trump Presidency for months. I was on barrons roundtable back early january, they asked who would be next president. I said donald trump. People gasped when you say that back then. David they did indeed. Catch the full interview with jeffrey on wall street week. That airs tomorrow night at 8 00 p. M. Eastern. Right here on fox business. Melissa more breaking earnings report. Yelp released firstquarter earnings. Lori rothman on floor with those details. Yelp a tremendous surprise. We were looking for a loss but yelp came in with a gain. Numbers, eight cents a share. Expected loss of 16 cents a share. Previous quarter of loss of 2 cents a share and better than expected revenue. 159 million investors real impressed. At last check shares were up almost 9 in the after hours session. Yelp increasing its fullyear forecast, up 27 . That is what revenue should do for 2016. In terms of why the surprisingly better than expected report from yelp . Number of reviews increasing by 31 yearoveryear to 102 million and local ad sales were pretty strong. So a lot of people are using yelp and crowd source idea is really working out for them. So people are participating and using yelp and advertisers taking note. Formula is working great for them. So thats where we are. Melissa number of reviews increasing. I have to say im always suspicious of reviews where theyre coming from or writing them or person doing the business. That is point of contention. I think fair to say maybe more reviews are worthwhile and credible. Melissa there you go. Who knows. Melissa i will take it at face value. There you go. Lori rothman. Anytime. David war on coal getting louder. Hillary clinton trying to walk back comments on coal industry and getting rid of jobs. People of West Virginia want answers. Well talk to the america coal Council Director about that. He is next. There are a lot of families worried about it now. Were not worried down the road. Were worried what we will do for our families now. Nothing that ever comes into our area can compete with the money we make in coal mining. This just got interesting. Why pause to take a pill . Or stop to find a bathroom . 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Joining us now American Coal Council associate director jason hayes for his take what has been responsible for the fall of coal but i have to ask about hillary, first of all, has she done anything to undo the damage . Well the American Coal Council likes stay studiously apolitical in these areas so david when she says she wants to kill coal mining jobs, youre not in favor of that, are you . Obviously not. Were not in favor of any elected official killing coal jobs. That is pretty clearcut. David well, heres just put a fine point on it because there have been 29,000hundred coal mining 29,000hundred coal mining jobs lost. Some are down 100 or close to 100 percent without going bankrupt. What can be done to turn this around . Clearly it is overregulation that is causing these problems, no . Yeah, absolutely it is overregulation. The that is the biggest problems, we hear a lot of times people will say that the coal, it is basically Market Forces causing coal industry to go into a fall. The coal industry has competed free Energy Markets for centuries. The coal industrys challenge is not markets because they can compete in markets and do just fine. The real challenge is as you alluded to is regulatory pressure. That is really causing these lost jobs and. David yeah. The closure of mines and drops in market value of different companies. David unfortunately it is so quick to kill a job. One regulation can kill off hundreds or thousands of jobs. It is very difficult to bring them back again. Donald trump says he will bring back coal mining jobs that have been lost. Is that a pipedream . Well it is possible. There are definitely several coal plants out there running. There are still mines that are operating. So it will take a little bit of time to turn it around but it is definitely possible. David would that be just by reversing the regulations that the epa has put in place under president obama . Or would it take more than that . Well, definitely, that is one thing that the American Coal Council and also many other organizations in the coal industry want, is that, these latest round of several different major epa and bureau of Land Management regulations, other federal regulations brought into existence over the past few years, definitely those need to be repealed and replaced. Reasonable regulation obviously is realistic thing. David yeah. That is reasonable but david these were regulations created specifically to destroy coal. Lets be clear about it. President didnt like coal. He said it before he was president. Once he became president he put in epa regs definitely meant to destroy coal. Definitely what happened these past few years is new and different. Over the past decade reasonable regulation worked where we had government and industry able to Work Together to achieve regulatory goals. That has changed over the past few years. David we have to leave it at that. There is something deferral different. David best of luck to you. Our heart goes out to the coal miners. Thank you for being here. Thank you very much. Melissa Charlie Gasparino brought us the headlines, saying that the ftc investigation has quote, progressed to advanced trade. Traders liking that, david . David fighting poverty is big business but who profits the most . The documentary that challenges current perceptions of global charity. We have the director of poverty ink. You dont poverty inc. You dont want to miss this coming next. Ill save the day for plumbers and bakers and scapers of lawn, shes got customized coverage you can count on. You chipped my birdbath now youre gonna pay not so fast i cover more than just cars and trucks. Action flo did somebody say insurance . Children flo action flo cut can i get a smoothie, please . Ooh they got smoothies . For me. Ooh they got smoothies . Gaviscon is a proven heartburn remedy that gives you fastacting, longlasting relief. 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Go long™. Actually created more poverty. We dont need one more celebrity doing one more campaign. What we need is to no longer be excluded. Melissa its a powerful message from poverty, inc. , a documentary that examines uncomfortable side of International Charity and multibilliondollar poverty industry, poverty industry. Joining me, michael miller, erty inc. This caught my attention. I watched trailer. When you say you dont want one more celebrity. When Company Comes in to dump a lot of Free Clothing on a country. Sound like a great thing, youre hurting cotton farmers, suppressing industry that might be coming up. Am i explaining everything right . You have this idea from celebrities and religious leaders and politicians. If we could just trays 84 billion we could eradicate extreme poverty forever. No we couldnt. Poor people arent poor primarily because they lack stuff. Poor people are poor because theyre excluded. They lack intutions of justice that enable them to create prosperity in their own families and their own communities. Clear title to land, ability to register a business, things we kind of take for granted here are often missing. Were, we want to help, want to feel good. So we give things but in doing that we actually, styles crowd out local businesses and we prevent institutions of justice from developing so we keep people poor. Melissa one of the examples you have in there is toms, you buy a shoe and give the shoes to them. Seems like just a such thing. All these people have good intentions, but you dont realize negative externality what is it going on the im curious what has the response been like . This is liberal industry. Youre putting down celebrities obviously like i said, intentions were good. Melissa gently. What has the response been like. Positive. We played in 50 film festivals. Harvard 10 times. Melissa yeah. Even Michael Moore . That blew me away. You said during the break Michael Moore, progressive side, what youre saying is really kind of libertarian point of view. You have to help the people with basics. They have to do it for themselves as they said to have seat at table. Even Michael Moore so progressive liked what you have to say. We won aat libertarian film festivals. Michael moore said this would change the feeling about poverty. Melissa my gosh. We treat poor people like objects you have our charity. Objects of our pity and compassion. Melissa okay. Instead of protagonists of own story of development. Melissa we to go. Break right here. Michael miller. Poverty inc. Go see it. David i am seeing it. Many people laughed months ago at idea of trump becoming gop nominee. One columnist literally eating his words. Es equals antisocial. Hey guys, i want you to meet my fiancee, denise. Hey. Good to meet you dennis. Is it keeps the food out. For me before those little pieces would get in between my dentures and my gum and it was uncomfortable. Just a few dabs is clinically proven to seal out more food particles. Super poligrip is part of my life now. And if you have afib an irregular heartbeatls. That may put you at five times greater risk of stroke they can pool together in the heart, forming a clot that can break free, and travel upstream to the brain where it can block blood flow and cause a stroke. But if you have afib thats not caused by a heart valve problem, pradaxa can help stop clots from forming. Pradaxa was better than warfarin at reducing the risk of stroke, in a Clinical Trial without the need for regular blood tests. And, in the rare event of an emergency, pradaxa is the only oral blood thinner other than warfarin with a specific reversal treatment to help your body clot normally again. Pradaxa is not for people who have had a heart valve replacement. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke or blood clots. Ask your doctor if you need to stop pradaxa before any planned medical or dental procedure. Pradaxa can cause serious, and sometimes, fatal bleeding. Dont take pradaxa if you have abnormal bleeding. And seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have kidney problems, stomach ulcers, a bleeding condition, or take certain medicines. Side effects with pradaxa can include indigestion, stomach pain, upset or burning. Go with pradaxa, the only blood thinner that lowers your stroke risk better than warfarin and has a specific reversal treatment. Eligible patients could pay as little as zero dollars on copay. Ask your doctor about pradaxa today. David Washington Post columnist dana milbank wrote at beginning of election season vowing that if donald trump won republican nomination he would eat the piece he wrote about that. Melissa making good on promise. Having readers vote how he should prepare the newspaper. David would every reporter did the same. Would be a lot of paper eating. Risk reward starts right now. Who is going to pay for the wall . Mexico who is going to i pa are to the wall . Mexico who is going to pay for the wall . Mexico were not, i am not going to pay for that [bleep] wall. I am not. He should know that. Im not going to apologize. Deirdre that was before. Now the former president of the mexico is doing a 180, apologizing and inviting donald trump to mexico. This is risk reward. Im deirdre bolton. Vin sent day fox is my guest. He will join me in a few moments. I will ask him why he is changing his tone. Donald Trump Campaign, senior