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tv   FBN AM  FOX Business  November 30, 2018 5:00am-6:00am EST

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party where he has belonged throughout his career? tomorrow jerome corsi and fred fleitz among our guests. >> i think china wants to make a deal, i'm hoping to making a deal but frankly i like to deal we have right now. lauren: president trump has high-stakes meeting with world leaders in argentina, will he get a trade deal with china and how would his snub of russia's vladimir putin be received? cheryl: in your markets today the last trading day for the month of november, the dow posting best week since the election up over 4% this week. lauren: checking futures this friday morning and we have down arrows across the board. nasdaq down 24. cheryl: in europe stocks opening slightly lower there, as you can see major averages are in the red this morning.
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lauren: news out of china that chinese factories grew at slowest pace in 2 years despite that the shanghai composite is up and most asian markets are in the green as well. cheryl: and at&t announcing plans to take on netflix, we will tell you exactly what the phone companies has for your television. fbn:am starts right now. ♪ lauren: 5:01 a.m. in new york, november 30. cheryl: it's official, president trump is in argentina and gearing up with crucial meeting with china xi jinping in sidelines of g20 summit, washington and beijing have been working on a possible trade deal that would hold off additional
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tariffs till the spring. white house economic adviser navarro will be with xi. lauren: blake berman in buenos aires with the details. >> one meeting is off while another gets expanded. president trump will not have sit-down with russian president vladimir putin after being briefed by john kelly, secretary of state mike pompeo and the national security adviser john bolton, the president canceled the meeting, one that's most certainly on is the dinner saturday night with president xi jinping of china, president trump setting that up meeting by casting doubts that any sort of trade breakthrough might occur. >> i think we are very close to doing something with china but i don't know that i want to do it because what we have right now is billions and billions of dollars coming into the united
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states in the form of tariffs or taxes so i really don't know but i will tell you that i think china wants to make a deal, i'm hoping to making a deal but frankly i like the deal we have right now. >> later today in buenos aires the president will sign the usmca trade deal next the pact goes to congress. lauren: signing ceremony scheduled for 7:00 a.m. eastern time and the president expected to make remarks, fox business will bring that to you live as it happens, president trump also meeting with argentina's president right now and in the meantime german chancellor angela merkel, her plane headed to g20 made an emergency landing in western germany because of a technical problem, she's expected to arrive but after other world leaders start discussions today. countdown to the closing bell with liz claman live from buenos aires at 3:00 p.m. eastern time.
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cheryl: all right, talk back on china again, u.s. tariffs appear to be having impact in manufacturing sector in that country, falling to lowest level in more than 2 years for the month of november and this, of course, is ahead of tomorrow's big meeting between president trump and chinese president xi jinping that will be happening in argentina, dinner meeting. lauren: president trump demanding for mueller probe to come to end, on twitter he called legal hoax comments after michael cohen pleaded guilty to lying about the proposed trump tower project, real estate project in moscow. the president attacked michael cohen. >> he's a weak person and what he's trying to do is get a reduce sentence so he's lying about a project that everybody knew about. lauren: trump's current attorney rudy giuliani telling the new york times that the president's
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responses to special counsel are consistence with cohen's. cheryl: round table discussion that's going to be on innovation, among those expected to be there microsoft ceo, google ceo sundar pichai, oracle ceo and qualcomm ceo steve, the meeting coming a day after sundar pichai goes before judiciary committee to testify on issues like data privacy and gop lawmaker concerns and google was biased against conservative voices. lauren: executives from german car makers, volkswagen, bmw will head to white house next week to discuss trade. cheryl: well, federal reserve appears to be back on track to raise interest rates for a fourth time this year, meetings the fed's last meeting in november indicate the fed is not on a preset course for monetary
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policy. it wants to take out language some members do for, quote, further gradual rate hikes, they want flexibility. lauren: larry summers discontinued the federal reserve's challenges with jerry baker. >> i think we are also in a more dangerous monetary environment because we've got a president sounding off about the fed, that's got to increase uncertainty premiums everywhere, make it harder for the fed to do its job and i think that kind of political rhetoric about monetary policies is really quite dangerous and the -- >> the issue that you agree with the president. >> the way that the president spoken i don't think economist would agree with but i do think there are more risks of overtightening than they are of undertightening. lauren: if you want to see more of the interview with larry, tonight at wall street journal
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at large with jerry baker. cheryl: brand-new show on fox business, very exciting. facebook ceo sheryl sandberg wants to check on one high-profile critics. lauren: tracee carrasco has that story and other stories making headlines. tracee: sheryl sandberg asked to do search on george soros where he called facebook a, quote, menace to society. sandberg sent emails asking them to investigate soros' financial interest, apparently soros was behind funding a group called freedom from facebook, facebook is trading lower in the premarket. >> at&t is catching up to netflix in terms of streaming. tracee: they are hoping they can. 3 versions of a new streaming video service late next year that will feature original
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movies and series from warner brothers, turner and hbo, the service will take on netflix and disney new service, at&t didn't say how much the tiers would cost, each would include -- at&t would pay down debt and possibly sell assets to pay for acquisition of time warner, at&t is down 20% year to date. cheryl: all right, starbucks is soon going to be filtering more than coffee? >> yes, starbucks starting next year it will have new filters in place to prevent customers using its in-store wi-fi from accessing explicit content like pornography. company spokesperson said, quote, we have identified a solution to prevent this content from being viewed within our stores, starbucks didn't elaborate on exactly how it plans to restrict pornographic sites or illegal content over wi-fi, starbucks up 16% so far this year, surprised it took so long for that.
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lauren:i will look at what people are looking at on their devices sitting at starbucks, thank you, tracee, thank you very much. final day of the month of november, we've got down arrows across the board. nasdaq futures are falling by 25, the month mix but nice 1% gains. president trump making clear he would not meet with putin during the g20 but not everyone is happy about that. >> vladimir putin, he's just trying to figure out how far can we push him. and what will the president do by way of response. lauren: trump's response the right one and what does that mean for ukraine and it is not going to be easy finding this year's hottest holiday toys in stores i can tell you that for sure but jetblue may have found a way to give a bigger and a better gift this year, we will tell you about that when we
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also taking a look at the story this morning, migrants seeking asylum in u.s. have launched hunger strike, the protest coming as thousands camp out ready to plea cases. one of president trump's judicial nominees appears to be far failure, tim scott will not support tomas fars nomination, voter intimidation campaign against black voters, prevents from being confirmed since republican jeff flake and every democrat will not vote in favor of him. holiday's approach retailers like wal-mart, are struggling to fill, classics like mattel and jurrasic figures are hard to come right now.
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[laughter] cheryl: jetblue promotion picks five contestants, burrito, boxer, that's what's happening now. lauren: friendly skies, can't make that stuff up. canceled meeting between president trump and russian vladimir putin may have caught russians off guard, the foreign ministry was saying because u.s. domestic issues but democrats in congress say the president should have met with putin in order to challenge him on russia's seizing of ukrainian ships and sailors, we bring jonathan, spokesperson at the united nations, why do you think the president canceled? >> there are a number of reasons that make a lot of sense, one it's not a good policy to go in and talk to another leader of a country that is engaged in activities that are completely contrarian mainly what happened
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with ukrainian vessels, that was aggressive act. you don't wanting to under business as usual. it is understandable that there's pushback by the white house and concern over the president potentially sitting down with vladimir putin given that dynamic. lauren: maybe the white house is angling for confession. ships have not been returned to ukraine, best decided to cancel my previously scheduled meeting and he goes on. do you think they were angling for something? >> you want to see some gesture from the russians that have good will and resolve this conflict with ukraine in some shape or form and the situation really has become more tense between the two nations, so it really does make sense now you mentioned earlier when reading the headline, lauren, that the
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russian foreign ministry is coming out saying that this is part of a domestic consideration parton the white house, that's an easy for them to point that obviously and they have their own public that they have to pander toward. but at tend of the day it's a complex relationship that we have with russia. lauren: jonathan, why provocation from putin now, why did he act like that near the black sea? >> yeah, you ask a fair question, this happened to crimea, right next to peninsula that they annex, they won't give an inch, control of the territory and stick it to the ukrainians, they will do, historically that region has gone back and forth and for, you know, very long time was part to have russian empire and these types of disputes were nothing
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that would have risen in the past, you know, ukraine asserting itself over territory that the united states rightly looks at as sovereign territory of the ukraine but the russians look at this in broader picture of history and their position once as major empire and controlling the region. lauren: timing very interesting, jonathan, happy friday, thank you. >> you too. cheryl: well, we want to point your attention on what you have been seating on the bottom of the screen, we are waiting to see if the president of the united states and photo opportunity with the president of argentina president macri, we will take that live the two having a working breakfast this morning in argentina at the g20, as things get underway, what you're seeing right now besides futures which are lower this morning the federal reserve looks like it's teeing up for rate hike next month but with signs of slowing economy is it really necessary and how much would you pay for a pair of pay less shoes? >> i would pay 400, 50.
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cheryl: stocks are heading into the final trading day of the month of november with dow industrials on track for best week since 2016 election, as for the month of november the dow and s&p 500 nearly up 1%, nasdaq composite likely be down, half percent down right now, the industrials rallied more than 600 points earlier this week on dovish comments from fed
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chairman powell, does the fed have to hike interest rates for the month of december really question for 2019? let's bring in gary b. smith, good morning. >> good morning, cheryl. cheryl: seems the fed -- we got the minutes yesterday, seems like they are committed to december rate hike, that seems to be priced in but in 2019 that's the question, we have gotten -- they had penciled in 3 interest rates hike for 2019 but with the tariff, trade war, china situation still unresolved seems like they want more flexibility, is that a good thing, do you think? >> well, yeah, definitely, i think people always place little bit too much confidence i guess you will in the fed being able to forecast into the future any better than anyone else can, i mean, they pretty much admitted it's a guess, there is no one indicater that says 6 months down the line the economy is going to be up or down and
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inflation is going to be high or low, they are on the same database that we are, it does look like, yeah, they'll be one more hike, but from the readings i see from powell and the rest of the fed, they are saying, well, maybe we will and maybe we won't, people shouldn't get too invested in what the fed is going to do. cheryl: investors do react from the fed, comments from powell, remember comments that were far from neutral, stocks took a hit, now we are below neutral, said that at economic club in new york, that gave us a 600-plus point rally so we are sensitive to the fed but there's a tribulations as some analysts are calling, rate increases, trade tensions and then also a lot of question marks about cormt earnings -- all of that can be negative, gary?
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>> i would agree. any time in the past few years that i'm more bearish, i won't say i am bearish but more bearish probably neutral is right now, i understand those things that you're talking about. i'm not worried so much about the tariffs, i'm not worried at all really about inflation, i'm worried about the political climate, mueller investigation, maybe turns up nothing, maybe something, they certainly seem they want to turn up something but anecdotal indicators, two articles in wall street journal this morning about a real slowdown in housing market, luxury housing market in both hamptons and manhattan. that to me is good indicater usually that the economy might be slowing, i'm seeing it here in luxury market housing in florida. cheryl: texas and florida.
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you're onto something, good to have you as well. also get everybody at home a programming note for you this morning, founder of bridgewater associates will be maria's guest at 8:30 a.m. eastern time on mornings with maria, more talk about the economy and markets there. lauren: futures are down on final day of the month of november, dow down 81, s&p down 9 and a half, the nasdaq is actually on track for its third down month in a row, still ahead this morning, president trump set to come face to face with jinping but doesn't mean he's ready to strike deal. >> i don't know if i want to do it, what we have right now is billions and billions of dollars coming into the united states in the form of tariffs or taxes so i really don't know. cheryl: that was on thursday, we want to take you to live pictures, we are seeing president trump arriving at casa rosada the location of the
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bilateral breakfast being held between president trump and the president of argentina, president macri, we do expect remark marks coming up from the president, we are watching fbn:am, we will be right back, of course, with live events from the g20. the house-buying... stress. at least you don't have to worry about homeowners insurance. call geico. geico... helps with... homeowners insurance? been doing it for years. i'm calling geico right now. good idea! get to know geico. and see how easy homeowners and renters insurance can be. when it comes to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c.
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rosado. he has many meetings set up with world leaders. cheryl: let's listen in. we are listening to the president of argentina make remarks. >> thank you for the huge support we have received from the united states and from your government especially during this past year we have been going through some difficult times especially during this past year we have been going through some difficult times and your support with imf has us build better future and start taking steps in that direction. we would also like to thank you for all of the work we are doing together in fields like education and defense and especially with regard to domestic security, the fight against organized crime and drug
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trafficking, enemies to our citizens, the work that we are doing together is certainly making a lot of headway, we see a lot of progress which we hope will continue for the rest of our terms in office and let me also tell you that argentina is investors in u.s. companies. we hope to invest, that will help us build quality jobs and also tourism is very important. we are getting more citizens from around the world but the country that's exporting most tourists to argentina is the united states which i think shows the affection from the people for argentina so thank you very much for visiting us, we will be having a meeting and i'm sure we will find a whole lot more ways to work together and to benefit for the people of our people and the people of the
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united states, thank you, donald for being here. >> i think i understood you better from your language. i want to just say that i've been friends with mauricio for a long time. he was a young man and we knew each other very well and i actually did business with his family, with his father, a friend of mine and i purchased the west side railroad yards, great job, successful job, very big job, one of the largest jobs in manhattan, that was in my civilian days and so i always had fond memories, little did i know that his son would become a presidente. a little bit knew that i was going to become president. we have known each other for a long while. we will be talking about lots of good things for argentina and the united states including trade, including military purchases and other things but
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we have a lot to talk about, little bit old times, 95% business i would say but this is a great honor to be with you, you are my friend for a long time, great family and you're fantastically job, congratulations. >> thank you. cheryl: we we wanted to get quick comments from president trump and president macri, the two heading to bilateral breakfast meeting, they did, lauren, mention the issue of trade, military spending and the president of argentina saying that u.s. companies have been coming down for discussions with their leadership there, that's good news. lauren: excited to work together cheryl: let's talk about what president trump also has coming up in g20, really, lauren would agree it's all about china. lauren: elephant in the room. cheryl: there you go, let's
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bring in research fellow with heritage foundation asian study center, great to have you here, the story is what's going to happen with xi jinping and president trump, that really is the big story, elephant in the room for the entire summit, if you will, the chinese state-media had made interesting comments even this morning that they expect fair and open negotiations with the united states, but some are saying that the chinese are really just trying to stall the tariffs going into effect in january, what do you think the think asking behind the leadership is right now? >> well, i think the chinese leadership is looking at this situation and looking at a slowing down of the chinese economy, slowing down to manufacturing and i don't think they can really help but link the two. the u.s. is, of course, not only key market but key supplier for certain chinese, for companies in terms of key components and things, so the overall picture that is evolving in beijing is the united states that has much
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more power and influence over the chinese economy than i think even 5 years ago xi jinping would have expected when he first came to office. cheryl: let's talk about the timeline here because what has been discussed behind the scenes we should add is holding off until spring any tariff, upping the tariffs but also president trump has threatened additional in tariff goods, we know the president so well, he sometimes react very quickly as news develops and changes, how fast do you think he would push new tariffs on the chinese if he doesn't hear what he wants to hear about intellectual property, they are stealing intellectual property and has to stop. >> first off, there's increase from 10% to 25% which would occur just by january, so the 267 billion is a whole separate additional set of potential tariffs and i think that if the chinese don't come through and unfortunately i'm not sure that
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they can on key issues like intersect wall property like joint venture requirements, like transfers of technology, i could see this president bushing hard very quickly to impose all of these tariffs in very short order which would really hit the chinese economy pretty hard. cheryl: we have seen manufacturing activity for the month of november in china begin to slow a little bit. it's at 50, it's not retraction but it's still kind of a little bit of alarming fact. at the end of the day, do you think that the overall goal and that's china 2025 where they want to be the leader in everything, whether it's semiconductor, chips, they want to be the leader, the top global economic power in the world, does this stop that plan from china's perspective? >> nothing is going to stop that plan from the chinese perspective short of economic collapse which i don't think anyone is seriously thinking about. here is something to consider, with the new congress coming in, it's not as the democratic house which disagrees with trump on a
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whole lot of things is prochina, i think going into 2020 election cycle what we could see is a hardening across the line on trade issues towards china in both congress as well as executive branch. cheryl: it's interesting because the china daily and i mention this earlier with you, the state media reports are getting out of there, i want to read you what the china daily said in editorial, beijing wants a deal as washington does and to cooperate with washington and dealing with concerns about trade if they are fair minded, what does that mean to china, fair minded? >> i think unfortunately what the chinese are thinking of in term of fair-minded is a lot of their concept of win-win which too often has chinese winning twice. i think that what we are looking at here is that they would like to see a certain set of fairly easy to meet deals, maybe increased import, increased exports, job creation, but not
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fundamental changes on things like intellectual property and that's just going to be nonstarter with the president. cheryl: yeah, certainly unfolding in the weekend and a lot of news breaking between the two countries. thank you very much for being here, pleasure. >> thank you for having me. lauren: they'll be market reaction, let's take a look how the meeting with president xi can affect market in particular, hudson valley investment adviser, gus, are you optimistic for a deal? >> no, not at this point. lauren: limited cease fire? >> it depends what they come out and offer us, range from being full board, you are putting 5 billion out there in terms of tariffs, nothing being done which the chinese would want, somewhere in between the two of those. lauren: what does the stock market do on monday? >> probably trading until we get better clarity, a lot of the
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stuff is different than saying we will buy more from you or lower tariffs. the big thing is going to be listen, we have intellectual property, it's something important not down today but down the road 10 to 15 years and they are looking to get a lug up on us and you have to have some sort of barrier to limit the amount of force transfer that's going back and forth. lauren: tough stuff and previous guest says this is an issue that democrats are also sensitive to, could shape the 2020 presidential race and isn't going anywhere soon so investors do nothing, what do you do in. >> i think what you're looking at you have gotten past a couple of things such as interest rates, we know they are not rising in short-term but we are looking at our economy and chinese economy, they both have slowed down not to the same extent as china, we are putting pressure on them and saying we will talk, let's move us down the road and let's keep
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everything the same and keeping pressure on them so they are being forced to come to the table and make some sort of change otherwise economies will continue to slow. lauren: just talking then, gus, does that constitute a deal in investors' minds if we know that the lines of communication are open and there's good will, stocks have the opportunity to rally? >> i think that you would have some sort of upside if you ended up having at least idea, let's continue to talk but you'll see the president not impose higher tariffs, we will keep thing status quo so there's still pressure but not ratcheting things up. lauren: what do you make of peter navarro now attending that din we are the chinese president, he wasn't supposed to originally and then he was, news that he was was actually brought the market lower yesterday, how does that change things? >> he's been probably the biggest attack dog is the best way to place it in terms of putting pressure on the chinese, he's a former steel worker,
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union attorney and he know what is implications can be if chinese are left on their own accord and push forward with whatever they want. he shows you at least that we will be tough. lauren: gus, thank you so much for your perspective, we will see what happens monday morning. interesting couple of days. >> thank you for having me. cheryl: of course, investors will be watching everything unfold over the weekend, let's take a look at futures as the g20 gets underway in argentina, right now we are under pressure this morning on last trading day of the month, s&p down 9 and a quarter, nasdaq down 20 and 3 quarters, coming up j. crew decides not to go cheap leaving amazon in the verge. customers that shell out big bucks for their base counted kicks. the bizarre social experiment coming up next, you're watching
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cheryl: biers cutting corners to try to make comeback after several past scandals. lauren: tracee carrasco with more on that story and other headlines, hey, tracee. tracee: buyers said it would cost 12,000 jobs, 10% of global workforce and sell animal health business, coppertone sunscreens and falling sales of over the
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counter and prescription medicine and over 10,000 lawsuits of weed killers as part of monsanto, bayer down 40% this year. lauren: j. crew is making cuts to the tone? tracee: will discontinue its cheaper clothing line and shut down the newly-launched never even brand, the moves under some decisions made by former ceo james brat who left earlier about disagreement about plans and priorities will be to make j. crew profitable again. cheryl: pay less proves some customers will spend anything for anything. tracee: this is really funny, this is great. so payless shoes recently conducted an interesting social experiment, pay less recently build a fake luxury store, there
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is it is, pay lessee in los angeles, filled it with payless shoes, marked them up hundreds of dollars and the guests mainly social media influencers had no clue, gushed about the high-quality materials, called them elegant and sophisticated, all payless said it was done to remind shoppers that they offer both affordable and fashionable shoes. cheryl: those look ridiculous. tracee: they got to keep the shoes. lauren: cheap shoes. tracee: they were given a stipend to be there. lauren: i can tell a fine leather and i know you can too. dow down 76, nasdaq down 20 points, president trump's
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attorney michael cohen pleading guilty to lie to go congress over trump real estate project in moscow. >> he's lying about a project that everybody knew about. i mean, we were very open with it. lauren: so what now is at stake for president trump, the most influential person of the year? it was not the president. ♪ ♪ i am not for colds. i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. air velocity is reading at fifteen fpm. why would you need to learn every detail about a company? firmness... nine. it's how ibm services helps retailers
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lauren: happy friday to you, not happy friday for stocks, dow futures are down almost 100 points at the moment, s&p down 10, nasdaq down 25 as the g-20
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gears up. arizona senator jeff flake says he will ask again for the senate to vote on legislation that protects special counsel robert mueller, last two requests to do so have been rejected. meanwhile house minority leader nancy pelosi says that other language that protects mueller be included in the upcoming spending bill. exfbi director james comey asked federal judge, the house wants comey to testify behind closed doors about decision-making prior to 2016 election, comey told republican that is he would only agree to testify in a public setting. one family blaming amazon for a man's death and they are seeking 6 and a half million dollars in a lawsuit, 53-year-old ronald ashley died last year of a heart attack after being denied extended medical leave by amazon following bad fall, the company follows local, state and federal laws.
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taylor swift has been named the most influential person on twitter by watch, despite tweeting 13 times this year, scored influencer score of 98 out of possible 100. president trump, yeah, near the top of the list but not number one, he's behind the former one direction singer lian payne, trump shares number 3 spot with katie perry and kim kardashian and demi lovato, it's not how often you tweet but how fliial tweets are. cheryl: influential is something he still is, yesterday he was attacking michael cohen calling him weak person, cohen pled guilty about work he did in real estate project in russia, the president said he still has done nothing wrong. >> we were thinking about building a building, i guess, form, option, i don't know what you call it, we decided, i decided ultimately not to do it,
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there would have been nothing wrong if i did do it. if i did do it there was nothing wrong, it was my business. cheryl: what does this mean for the president, attorney david bruno, david, we should say there's two things here, michael cohen, of course, pled guilty in manhattan federal court, the second plea deal that he made or the pleading guilty yesterday was regards to the mueller probe. >> correct. cheryl: the fact that he lie today congress about what he did and did not with the president saying he was trying to protect the president, did you hear anything yesterday from the details of the courtroom in the cohen courtroom in manhattan that would lead you to think that the president is in trouble with the mueller probe? >> let's start on his plea, you know, this is a process violation, mueller has done a very good job convicting people of lying but where is the collusion because this -- this moscow deal was known, this has been reported for the last couple of years, this is not new information, what's new is the
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timeline going from january to june and that's where cohen said he lied, he stopped communications in january, but in reality it went to june. that's that. it's a legal project. cheryl: even if the president was still aware of the -- getting updates on potential trump tower in moscow even through june of 2016, is that collusion? >> no. absolutely not. that's the point here. i mean, when is the shoe going to drop, right? because we had the social media warfare indictment against russian individuals, no american cooperated in that and then we are left with the hack and the publication by wikileaks. this does not fit into that theory either, we've heard a lot about corsi and stone and assange and maybe that develops but this has nothing to do with collusion. cheryl: i want to read you something that mr. trump
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actually tweeted and there's a reason i want to show you this. this is what he said in january 2017 russia has never tried to use leverage over me, i have nothing to do with russia, no deals, no loans, no nothing. january of '17, the year -- the month he was inaugurated but listen to what he said at a news conference. >> i have no dealings with russia, i have no deals in russia, i have no deals that could happen in russia because we've stayed away. and i have no loans with russia. cheryl: can mueller use the president's own words against him? >> well, those are all true statements right there, that's january of 2017, let's not forget this deal stopped, ended in june of 2016, so if you want to take that for face value and look at those statements alone, those are not inconsistent, no prosecutor could charge perjury or false swear if that were
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under oath based on the statements and the facts that we know. yeah, absolutely. here is the thing here, let's not forget -- cheryl: real quick. >> we are going into house and senate congressional testimony now. cheryl: yeah. >> if mueller will look critically at all other individuals who have previously testified in front of those committees, those are the people that really need to worry. cheryl: a lot to unpack and, of course, we will revisit, david bruno, thank you for being here as always. lauren: all eyes on go 20 summit, how would global stocks react to a deal or no deal when we return. beyond what people expect.
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cheryl: investors closely monitoring tomorrow's talks between president trump and president xi jinping at g20, i'm wonder if you expect any real progress to be made. i mean, this is all about china and the united states at the g20, sir. >> it really is, i think we would like to see progress but it still seems like a quite a distant prospect really, i think the president knows he has edge
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on china on trade wars, the chinese are feeling pressure. that's all we can hope for from the talks. lauren: what about oil prices, chris, they are heading lower and you have meeting next week, opec meeting, do you see russia and saudi arabia boosting prices globally? >> the russians might be quite keen but the saudis, of course, are in bind if they try to cut too much in order to boost prices that puts them on further pressure from the u.s. and president trump wants to keep prices low. that means agreement would be difficult to master in opec meeting in december. cheryl: real quick meeting on brexit and negotiations and if things continue in next several weeks, aviation agreement between uk and the united states, what else is critical as brexit approaches?
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>> well, i think we want to see further friction between uk and european union. that's the big worry, so g20 summit will help things along, i think. lauren: chris, thank you very much, have a good weekend, sir. >> thank you. cheryl: sending it over to maria bartiromo, a lot of breaking news, maria, now to you. maria: sure is, ladies, thank you for joining us, i'm maria bartiromo and it is friday november 30th, top stories right now just before 6:00 a.m. on the east coast. all eyes on buenos aires this morning and the g20 meeting, president trump meeting with the president of argentina this morning already, next hour he will sign the united states-méxico-canada agreement, the usmca with the leaders of méxico and canada, we we will take you there live when the signing happens, the focus, of course, is on trade, president trump says he's open to a deal.
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>> i think we are very close to doing something with china but i don't know that i want to do it because what we have right now is billions and billions of dollars coming into the united states in the form of tariffs or taxes so i really don't know but i will tell you that i think china wants to make a deal, i'm open to making a deal but frankly i like to deal we have right now. maria: markets this morning expect today open lower, take a look at futures indicating decline in triple digits in dow industrials, down 30 points on nasdaq right now. this after stocks edged lower yesterday erasing gains in final hour of trading, wild one at the end of the day there. down 27 points at the close of dow, down 6 on s&p and down 18 on the nasdaq yesterday. it is the last trading day of the month. it has been a mixed month, dow and s&p are on track for gains for the month with the nasdaq down half o


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