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Aug 29, 2019
08/19
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joining me tonight, jonathan hoenig, kristina partsinevelos, steve moore and jackie deangelis. now, china signaling today that they would not immediately retaliate against the latest u.s. tariff increases set to kick in on sunday. a spokesman for the chinese commerce ministry saying quote, china has ample means for retaliation but thinks the question that should be discussed right now is removing the new tariffs to prevent escalation of the trade war. president trump also weighing in on the negotiations earlier with fox news' brian kilmeade. listen. >> for 25 years, china has been ripping off the united states. you know that. i talked about it a long time ago. it's one of the reasons i'm probably here as president. i'm in the white house. they have been ripping us off for billions and billions of dollars like babies. there is a talk scheduled for today at a different level. david: let's bring in china expert and senior research fellow at the heritage foundation, dean chang. dean, i thought it was kind of a tepid positive statement by the chinese but the market certainly saw it
joining me tonight, jonathan hoenig, kristina partsinevelos, steve moore and jackie deangelis. now, china signaling today that they would not immediately retaliate against the latest u.s. tariff increases set to kick in on sunday. a spokesman for the chinese commerce ministry saying quote, china has ample means for retaliation but thinks the question that should be discussed right now is removing the new tariffs to prevent escalation of the trade war. president trump also weighing in on the...
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Aug 28, 2019
08/19
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kristina partsinevelos from the floor of the new york stock exchange. kristina, neither one presumably want to be associated with big tobacco? reporter: that's true. this could potentially be largest merger in the tobacco industry. they will try to move away from tobacco-related products. talking about the share price. you're seeing it higher. yesterday is was down. a lot of investors realize it will not be a merger of equals. philip morris, getting 59% of combined company. altria if anything will weigh negatively on philip morris. to talk about the alternatives to cigarettes what is it? e-cigarettes and vaping. those are gaining in popularity. altria has 35% stake in juul. you also have philip morris came out with their own product. that is raising, popularity across the globe. that is a device that doesn't burn tobacco. heats it up. so no smoke comes up. when you e-cigarettes you have to have a conversation about health concerns. today on cbs you had the ceo of the largest cigarette company, juul, he spoke about any type of breathing illnesses related
kristina partsinevelos from the floor of the new york stock exchange. kristina, neither one presumably want to be associated with big tobacco? reporter: that's true. this could potentially be largest merger in the tobacco industry. they will try to move away from tobacco-related products. talking about the share price. you're seeing it higher. yesterday is was down. a lot of investors realize it will not be a merger of equals. philip morris, getting 59% of combined company. altria if anything...
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Aug 26, 2019
08/19
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kristiana: i'm kristina partsinevelos in for melissa francis. this is "after the bell." connell: not bad. we'll take the gains across the board. we're awaiting a opioid trial that is taking place in oklahoma t could be the biggest ruling in history. that is why we're watching it closely. a judge is expected to rule any second whether johnson & johnson is responsible for the state's opioid crisis. that could have major repercussions for the opioid crisis pgh kristina: we have fox team coverage. what is going down? >> the president shifted his tone from friday where he announced he would raise tariffs from $550 billion in chinese goods on friday to today where he says he wants to calm reachly a deal with china after their vice premier signaled they would be ready to get back to the negotiating table. trump said it is possible extra tariffs before the weekend could be delayed if these talks make progress. >> we're down on the floor, lower than the floor. can't make a 50/50 deal. this has to be better for us. if it is not better, let's not do business together. we have to ba
kristiana: i'm kristina partsinevelos in for melissa francis. this is "after the bell." connell: not bad. we'll take the gains across the board. we're awaiting a opioid trial that is taking place in oklahoma t could be the biggest ruling in history. that is why we're watching it closely. a judge is expected to rule any second whether johnson & johnson is responsible for the state's opioid crisis. that could have major repercussions for the opioid crisis pgh kristina: we have fox...
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Aug 16, 2019
08/19
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kristina: i'm kristina partsinevelos with your fox business brief. a match made in retail heaven? at least that's what citi thinks. according to the group, american eagle outfitters should consider acquiring abercrombie & fitch. american eagle is seeing a loss of 26%. both retailers say they have been hurt by the threat of tariffs. they are, oh, look at that, upa >>> this is a retail subscription that could come your way very soon, banana republic. style passport is expected to launch at the end of september to u.s. customers. the service will only have women's clothing to start but don't worry, they will add some men's apparel at a later date. style passport will cost customers just $85 per month for a three garment plan and will have the option to purchase any of your favorite items. >>> cosmetics company revlon popping after the company confirmed it has hired goldman sachs to help explore options including a sale of all or parts of the business. activist investor mack andrews of forbes is supporting efforts being made by revlon. revlon stock has dropped nearly 40% so far this y
kristina: i'm kristina partsinevelos with your fox business brief. a match made in retail heaven? at least that's what citi thinks. according to the group, american eagle outfitters should consider acquiring abercrombie & fitch. american eagle is seeing a loss of 26%. both retailers say they have been hurt by the threat of tariffs. they are, oh, look at that, upa >>> this is a retail subscription that could come your way very soon, banana republic. style passport is expected to...
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Aug 26, 2019
08/19
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kristiana: i'm kristina partsinevelos in for melissa francis. this is "after the bell." connell: not bad. we'll take the gains across t
kristiana: i'm kristina partsinevelos in for melissa francis. this is "after the bell." connell: not bad. we'll take the gains across t
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Aug 13, 2019
08/19
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kristina partsinevelos on what the biggest worry is over the protests and maybe worse, the coming reaction from china. straight ahead on "the claman countdown." this was me six years ago... and this is me now! i got liberty mutual. they customized my car insurance, so i only pay for what i need. then i won the lottery, got hair plugs, and started working out. and so can you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ you're smart,eat you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar certified dealer. now you're even smarter. this is truecar. liz: we are just getting this break news out of hong kong. u.s. defense officials are reporting that china has denied the u.s. navy's request for two ships to make port visits to hong kong. now, the navy ships were to arrive in the coming weeks. all of this is happening as massive protests hit the former british colony. the two ships, we understand, were the "uss green bay" which was supposed to visit hong kong later this month, an
kristina partsinevelos on what the biggest worry is over the protests and maybe worse, the coming reaction from china. straight ahead on "the claman countdown." this was me six years ago... and this is me now! i got liberty mutual. they customized my car insurance, so i only pay for what i need. then i won the lottery, got hair plugs, and started working out. and so can you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ you're smart,eat you already knew that....
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Aug 20, 2019
08/19
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more reporting from our own kristina partsinevelos who is live in the newsroom. kristina? reporter: the department of justice confirmed they are in talks with state attorneys general to look at market power of big technology, the antitrust chief. he himself said they will be looking specifically at the markets which these tech firms operate. it is not just about price and competition. they will look at actual product quality, innovation, how did they acquire a lot of these companies? for example, facebook buying instagram, whatsapp, they will do so very, very shortly. "wall street journal" saying potentially in the next month t could involve about 20 states. so far i have confirmation from north carolina. they are in talks with texas. i reached out to major players like facebook, twitter, amazon google. twitter, amazon, google only ones responded but they will not provide comment. the focus of the probe are large firms acting like monopolies and stifling competition? you have the ftc, the doj, congress, now potentially state attorneys general that will all scrutinize their
more reporting from our own kristina partsinevelos who is live in the newsroom. kristina? reporter: the department of justice confirmed they are in talks with state attorneys general to look at market power of big technology, the antitrust chief. he himself said they will be looking specifically at the markets which these tech firms operate. it is not just about price and competition. they will look at actual product quality, innovation, how did they acquire a lot of these companies? for...
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Aug 14, 2019
08/19
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the fox business networks kristina partsinevelos tracking this. kristina, explain this warning sign. >> you did a great job explaining it. visuals help. i have a graph. what is happening right now, investors are worried. they're moving their money to the bond markets. they're safe havens. inversions happen when you have a long-term bond. you want to get paid more. you never what can happen in ten years. the economy can crash. but today there was an inversion like you mentioned. you actually made more money holding a two-year bond versus a ten year. that's being shown by the red line going down on the screen. it's inverting, going downward. you don't want to see that. usually in the past historically if you look at just over the last several decades or so, that's a precursor for a recession. according to credit sweets, they say when a yield curve inverts, we could see a recession in 22 months. we know history changes. future changes. you can't always rely on what has happened in the past. so investors are concerned. they're selling their stocks. th
the fox business networks kristina partsinevelos tracking this. kristina, explain this warning sign. >> you did a great job explaining it. visuals help. i have a graph. what is happening right now, investors are worried. they're moving their money to the bond markets. they're safe havens. inversions happen when you have a long-term bond. you want to get paid more. you never what can happen in ten years. the economy can crash. but today there was an inversion like you mentioned. you...
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Aug 16, 2019
08/19
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the fox business network's kristina partsinevelos reporting live from the new york stock exchange. kristina? imagine being told your bank accounts had to be closed for confidential reasons. and then you find out they have been accumulating overdraft fees. that's what happened to a roofing company. according to the owner, he thought all of his accounts were closed, he took out the money but there was still automatic withdrawals happening. so he got charged overdraft fees to the tune of about $1, 500. we went to the branch, called. he said nobody could help him. according to "the new york time times", several people are saying that this happens often enough. even if there's a negative balance, your account may stay open. there's a situation where a debt collection department accumulated over $100,000 in fees. the customers have brought complaints to try to resolve it. >> trace: does wells fargo have a response? >> we reached out to wells fargo hoping to get something. they said they can't comment on confidential private cases. but they did issue a statement and they said that as part
the fox business network's kristina partsinevelos reporting live from the new york stock exchange. kristina? imagine being told your bank accounts had to be closed for confidential reasons. and then you find out they have been accumulating overdraft fees. that's what happened to a roofing company. according to the owner, he thought all of his accounts were closed, he took out the money but there was still automatic withdrawals happening. so he got charged overdraft fees to the tune of about $1,...
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Aug 21, 2019
08/19
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the fox business network's kristina partsinevelos reporting live from new york. explain what is going on here. >> okay. a lot of webbing, but it all boils down to money. we reached out to marvel, disney. they're not commenting. i asked sony what was going on. they directed me to their twitter statement online, which says "much of today's news about spiderman has a lot to do with kevin's role -- >> trace: we have to cut you off. breaking news coming in. william barr speaking about the ery epsin case. let's listen to this. >> a having union representatives and lawyers before we could schedule interviews. however, we're moving expeditiously. soon i'll be in a position to report to congress and the public the results. i will say that as i said before, we have found serious irregularities at the center, but at the same time, i have seen nothing that have undercuts the finding of the medical examiner that this was a suicide. >> [question inaudible] >> well, epstein's death, i think we will see was a suicide. i do think that there are some irregularities at the center.
the fox business network's kristina partsinevelos reporting live from new york. explain what is going on here. >> okay. a lot of webbing, but it all boils down to money. we reached out to marvel, disney. they're not commenting. i asked sony what was going on. they directed me to their twitter statement online, which says "much of today's news about spiderman has a lot to do with kevin's role -- >> trace: we have to cut you off. breaking news coming in. william barr speaking...
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Aug 27, 2019
08/19
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kristina partsinevelos in the newsroom covering this story, what is the likelihood this deal goes through? >> reporter: i think you said it, if completed. the fact that these are two major players possibly remerging, it would have to pass regulatory hurdles. this is not going to happen overnight. but why would they join forces when they separated only a decade ago? the fact that there's some different avenues to get away from cigarettes like juul, you have altria that has a 35% stake in juul. you also have philip morris that has created a product, a qos device. it doesn't burn tobacco, it heats it up, so there's no smoke or vapor that comes out, gaining in popularity around the globe. a lot of growth opportunities here in the united states. and going back to altria, another avenue too is they recently brought swiss maker of nicotine pouches. not patches. like you mentioned, ashley, you've seen the stock prices down, so why did that happen? the companies called it a merger of equals, but i think investor are starting to realize that's not going to be the case. philip morris will get 59% of
kristina partsinevelos in the newsroom covering this story, what is the likelihood this deal goes through? >> reporter: i think you said it, if completed. the fact that these are two major players possibly remerging, it would have to pass regulatory hurdles. this is not going to happen overnight. but why would they join forces when they separated only a decade ago? the fact that there's some different avenues to get away from cigarettes like juul, you have altria that has a 35% stake in...
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Aug 21, 2019
08/19
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joining me tonight, gary kaltbaum, kristina partsinevelos, scott martin and steve forbes. i'm not looking to do indexing. i've studied indexing for a long time. i think it will be perceived if i do it as somewhat elitist. i don't want to do that. i want taxes for the middle class, the workers, the people that work so hard, that's what i'm looking. i think indexing is really probably better for the
joining me tonight, gary kaltbaum, kristina partsinevelos, scott martin and steve forbes. i'm not looking to do indexing. i've studied indexing for a long time. i think it will be perceived if i do it as somewhat elitist. i don't want to do that. i want taxes for the middle class, the workers, the people that work so hard, that's what i'm looking. i think indexing is really probably better for the
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Aug 16, 2019
08/19
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instead go to kristina partsinevelos on floor of the new york stock exchange. kristina? >> i like that. forget that. talk about the whoo-hoo you mentioned. you saw a little bit of a rally towards later half of the day. we were sitting around 250 points. it is a friday. people wearing ties. people are rushing out. what are some of the catalysts. improved sentiment about u.s. china trade progress. we can say that. germany stimulus if needed. same situation with china. a stimulus. talk about the dow winners on the screen. winners for apple, a lot has to do with china u.s. trade sentiment. given supply chain. goldman sachs doing higher because 10-year yields climbed higher. banks benefit from that. they got hammered yesterday. 3m often goes up and down with any trade comment. we talked about the yield, bring up the 10-year-year-old at the moment. it flipped over, people not buying as much bonds, putting it back into the market, hence the rally, towards later half of the afternoon. no inversions today. so spreading even though i have been talking to traders about recession, o
instead go to kristina partsinevelos on floor of the new york stock exchange. kristina? >> i like that. forget that. talk about the whoo-hoo you mentioned. you saw a little bit of a rally towards later half of the day. we were sitting around 250 points. it is a friday. people wearing ties. people are rushing out. what are some of the catalysts. improved sentiment about u.s. china trade progress. we can say that. germany stimulus if needed. same situation with china. a stimulus. talk about...
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Aug 19, 2019
08/19
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three days in the green, we'll bring you coverage from kristina partsinevelos from the floor of the new york stock exchange, edward lawrence covering trade and phil flynn tracking oil and gold at the cme. kristina, we'll start with you. reporter: s&p 500 closing in positive territory. what are the big winners? le's talk about the dow. apple, comes after a nice friday night dinner tim cook had with the president. did a relatively good job that tariffs are bad for a lot of u.s. companies. seeing shares higher. home depot, earnings are coming out. past two quarter beat estimates. boeing on trade optimism. goldman sachs has a lot to do with the 10-year treasury yield. seeing it above 1.56%. it was down to 1.3%. the lowest in three years. we talked about the yield curve inversion, higher today. i will end on a different note. in terms of the yield curve, everybody talking about the inversion, worried about precursor for a recession. one trader said it is possibly overstated because of the sheer scale of so much postcrisis bond buying by central banks. they are making a really big deal out of
three days in the green, we'll bring you coverage from kristina partsinevelos from the floor of the new york stock exchange, edward lawrence covering trade and phil flynn tracking oil and gold at the cme. kristina, we'll start with you. reporter: s&p 500 closing in positive territory. what are the big winners? le's talk about the dow. apple, comes after a nice friday night dinner tim cook had with the president. did a relatively good job that tariffs are bad for a lot of u.s. companies....
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Aug 16, 2019
08/19
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kristina partsinevelos is on floor of the new york stock exchange with this new salk ga with ge. reporter: story continues, the ceo of ge, larry culp bought back some stock to show his, i guess push there behind the company and essentially saying that all of the accusations of accounting fraud are false. this comes yesterday when an accountant, harry markopolos, published a 175 page report that accused ge of over 30 billion-dollar accounting fraud. that is who you're seeing on the screen. he said ge is hiding losses, they changed their accounting format every two to four years making it difficult, to make any historical comparisons. the caveat though, important caveat is that this accountant and his team were being paid by a third party hedge fund. the hedge fund that shorted fe. so they benefit when the stock drops which is what we saw yesterday. several analysts are supporting on wall street supporting ge. including citron research. they focus on short selling ideas. they put out a note attacking march cop poelous say that is sad day for activists in the short selling community
kristina partsinevelos is on floor of the new york stock exchange with this new salk ga with ge. reporter: story continues, the ceo of ge, larry culp bought back some stock to show his, i guess push there behind the company and essentially saying that all of the accusations of accounting fraud are false. this comes yesterday when an accountant, harry markopolos, published a 175 page report that accused ge of over 30 billion-dollar accounting fraud. that is who you're seeing on the screen. he...
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Aug 19, 2019
08/19
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want to bring in to discuss today's rally, kristina partsinevelos. she's on the new york stock exchange. eric gibbs is back with us as well. i want to find out what they're saying on the floor. >> funny i just asked one trader and he's like there's no catalyst, we are just continuing the rally that we saw on friday. last week was a major volatile week, 800 point drop on the dow on wednesday but overall, today we have some trade optimism over the weekend. right now that's all you really need to keep things at a steady rate. it's more the long-term question. one trader told me he's going to be paying close attention to the november and december sales numbers because again, that shows how the u.s. consumer is doing. right now, it's really calm around me. charles: you know, listen, it is august and the market is notorious for these wild, you know, we have the summer doldrums but like the day after thanksgiving, the fewer people around can sometimes exaggerate the moves in the market. >> right. investors should be reminded you hear about huge swings but t
want to bring in to discuss today's rally, kristina partsinevelos. she's on the new york stock exchange. eric gibbs is back with us as well. i want to find out what they're saying on the floor. >> funny i just asked one trader and he's like there's no catalyst, we are just continuing the rally that we saw on friday. last week was a major volatile week, 800 point drop on the dow on wednesday but overall, today we have some trade optimism over the weekend. right now that's all you really...
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Aug 28, 2019
08/19
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kristina partsinevelos is there with the latest. over to you. reporter: actually had a trader tell me very constructive, no bad us. investors bought into the market why you're seeing reversal from this morning. some dow winners we're looking at, dow chemical climbing higher. we have pfizer and unitedhealth as well as nike, again, trader from goldman sachs on the screen, told me that is value investments he is looking at. overall no major headlines. headline making news, peloton is looking to ipo. the interactive bicycle looks like a treadmill with attached ipad. they released the perspective. revenue doubled during the past year. so they have got 1.4 million members. so think of these members. these are guys paying over $2200 for a bike, $40 a month for membership fee. retention rate, according to the company, at 95%. but what are some of the concerns, this ipo for 2019? operating expenses expected to climb higher. spending a lot on marketing ahead of the ipo. the royalties, have been slapped with 150 million-dollar lawsuit supposedly didn't pay
kristina partsinevelos is there with the latest. over to you. reporter: actually had a trader tell me very constructive, no bad us. investors bought into the market why you're seeing reversal from this morning. some dow winners we're looking at, dow chemical climbing higher. we have pfizer and unitedhealth as well as nike, again, trader from goldman sachs on the screen, told me that is value investments he is looking at. overall no major headlines. headline making news, peloton is looking to...
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Aug 27, 2019
08/19
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we have kristina partsinevelos and david nelson is back with us. beyond meat is crazy or nuts or beyond impossible. burger king, dell taco, the list goes on and on. major fast-food restaurants hooking up. >> is it that nuts though? latest health trend before cannabis products now we're shifting to alternative meat. everybody is getting on board, despite the fact i don't eat meat. i have tried a lot of products. we don't have enough research. the fact it is processed food, canola oil, coconut oil, natural flavors, beet extract, mong a bean, the list goes on. they're getting on. it is helping in bring in people that normally wouldn't try a non-meat alternative but are tasting it. it is not just vegan vegetarians. those maybe transitioning to less meat. charles: flex-tarians. i didn't know that before. is that omnivore. >> omnivore you eat meat. flex tearians i won't eat meat from monday through friday. charles: i am no that specific. whatever is in the vending machine i keep going. what we say about the consumer, we use the retail landscape as a back
we have kristina partsinevelos and david nelson is back with us. beyond meat is crazy or nuts or beyond impossible. burger king, dell taco, the list goes on and on. major fast-food restaurants hooking up. >> is it that nuts though? latest health trend before cannabis products now we're shifting to alternative meat. everybody is getting on board, despite the fact i don't eat meat. i have tried a lot of products. we don't have enough research. the fact it is processed food, canola oil,...
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Aug 27, 2019
08/19
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kristina partsinevelos is in the newsroom. she has all the details. chris tina? reporter: the adversity score looked to capture the socioeconomic status of a student but led to a huge debate about race and class when it comes to college admissions. why the company that administers s.a.t.'s college boards decided to scrap the adversity score which is literally a one number based off of 15 factors that looked at your poverty level, the crime rate in your neighborhood, and that number wasn't even given to students. 50 schools across the u.s. did take part in a beta test with that diversity score but now they have decided they're going to rename it completely. they will change the tool. it is going to be called landscape. it will give students access to their scores so they won't be left in the dark. they will look factors where your school is located, rural versus urban, size of senior class, how many students are eligible for free other reduced priced lunches. or median family income. they are doing this, schools want to be diverse this is case of for harvard unive
kristina partsinevelos is in the newsroom. she has all the details. chris tina? reporter: the adversity score looked to capture the socioeconomic status of a student but led to a huge debate about race and class when it comes to college admissions. why the company that administers s.a.t.'s college boards decided to scrap the adversity score which is literally a one number based off of 15 factors that looked at your poverty level, the crime rate in your neighborhood, and that number wasn't even...
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Aug 14, 2019
08/19
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i want to bring in kristina partsinevelos because retail will be in focus this week. macy's today. walmart tomorrow, retail sales that will give us a glimpse what has been the strongest part of our economy. >> that point you highlighted from the ceo call the fact that he said consumers do not want to see an increase in prices is a sign we're not ready for any type of tariffs being passed on to us. he said with the 10%, potential hike, with $300 billion worth of goods he will not increase prices. however in may, when we saw the other tariffs increase he increased slightly houseware and luggage. charles: he found out people -- >> they didn't like it. obviously we don't like higher prices. we have not seen that passed on to consumers just yet. this is a sign, a retailer on its own has not been doing well. that is separate. athletic miss sales, didn't do well with private label. too much inventory. they did another talking about viewing economy as a whole, talked about international tourism which is concerning that is weakening. stronger dollar hurting. >> that is why income to the big
i want to bring in kristina partsinevelos because retail will be in focus this week. macy's today. walmart tomorrow, retail sales that will give us a glimpse what has been the strongest part of our economy. >> that point you highlighted from the ceo call the fact that he said consumers do not want to see an increase in prices is a sign we're not ready for any type of tariffs being passed on to us. he said with the 10%, potential hike, with $300 billion worth of goods he will not increase...
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Aug 30, 2019
08/19
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kristina partsinevelos is tracking all the action in our newsroom. >> let's start with actually airlines, because no doubt if you are traveling to the florida region, there may be or most likely will be some delays, some big headaches. you are seeing several airlines, southwest, the first one announcing that you can switch your airline or your flights within the next 14 days at no fee. you've got united, jetblue, american airlines, all waiving the fees but you have to do it within a short period of time. shifting over to cruise ships because that's a major one beca lot of them leave out of the florida region, especially on the east coast. royal caribbean are closing their cocoa key island until september 4th. any purchase toward excursions you will get a refund in terms of a credit. carnival are still evaluating their weekend departures. the major reason for a lot of these cruise ships is you have the cruises in the water now that have to come back and everybody has to get off and the new people get on. these could be major issues going forward. disney fantasy changing their travel from
kristina partsinevelos is tracking all the action in our newsroom. >> let's start with actually airlines, because no doubt if you are traveling to the florida region, there may be or most likely will be some delays, some big headaches. you are seeing several airlines, southwest, the first one announcing that you can switch your airline or your flights within the next 14 days at no fee. you've got united, jetblue, american airlines, all waiving the fees but you have to do it within a short...
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Aug 19, 2019
08/19
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kristina: i'm kristina partsinevelos with today's fox business brief. target is looking to take a bite out of its grocery competition with its own line of food products. the new label will be called good & gather. it will be comprised of more than 2,000 products and will be available starting this september 15th. other target brands you may know like archer farms will be phased out with the addition of this new brand. target will have more than 25 own brands by the end of this year. shares are up ever so slightly, almost 3% on the news. >>> tesla is looking to energize its solar business by now offering solar panels for rent. customers can now rent panels starting at $50 a month in six u.s. cities which would include california, connecticut, massachusetts and new mexico. according to the ceo elon musk, customers can save roughly $500 a year on utility bills with the solar panels. musk said the rental contract can be canceled with a $1500 fee which covers the cost of panel removal. the rental plans will be available in europe next year. >>> and estee lau
kristina: i'm kristina partsinevelos with today's fox business brief. target is looking to take a bite out of its grocery competition with its own line of food products. the new label will be called good & gather. it will be comprised of more than 2,000 products and will be available starting this september 15th. other target brands you may know like archer farms will be phased out with the addition of this new brand. target will have more than 25 own brands by the end of this year. shares...
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Aug 21, 2019
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joining me tonight, gary kaltbaum, kristina partsinevelos, scott martin and steve forbes. i'm not looking to do indexing. i've studied indexing for a long time. i think it will be perceived if i do it as somewhat elitist. i don't want to do that. i want taxes for the middle class, the workers, the people that work so hard, that's what i'm looking. i think indexing is really probably better for the upper income groups. i'm not looking to do that. but if i wanted to do it, i believe i could. >> i'm not looking at a tax cut now. we don't need it. we have a strong economy. certainly a payroll tax cut. david: sound bite of president trump telling reporters just yesterday that he was considering indexing capital gains taxes but today, touting a strong economy, the president says indexing could be seen as somewhat elitist, the word he used, also saying no need now for a payroll tax cut, but is it a mistake to take these tax cuts off the table? >> david, it's always a mistake to take good tax cuts off the table. john kennedy didn't take it off. he had a strong economy in the early
joining me tonight, gary kaltbaum, kristina partsinevelos, scott martin and steve forbes. i'm not looking to do indexing. i've studied indexing for a long time. i think it will be perceived if i do it as somewhat elitist. i don't want to do that. i want taxes for the middle class, the workers, the people that work so hard, that's what i'm looking. i think indexing is really probably better for the upper income groups. i'm not looking to do that. but if i wanted to do it, i believe i could....
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Aug 28, 2019
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-china trade but really the global economy, kristina partsinevelos on the floor at new york stock exchange with more. >> you said it you have the spread between two year and 10 year, increasing to level we haven't since 2007 you are seeing 30 year hit a low this is the yield so that is pushing a lot of bank stocks lower across the board, though we have seeing the futures market in the red for all three nasdaq dow and s&p 500. peloton is another ipo that is going public, and still making losses the company released filing you are seeing sales grow 110% year-over-year but losses declined dramatically one year last year loss 246 million dollars versus 48 million year prior they claim they have a first mover advancing 1.4 million people have become members of the peloton not cheap bikes cheapest on web site 2245 dollars does not include monthly fee so that you have live instructor or classes on the screen in front of you, to end quickly some evident potential risks for company not only the fact they pay a linesing fee for you music they have operating expenses they expect to increase people do
-china trade but really the global economy, kristina partsinevelos on the floor at new york stock exchange with more. >> you said it you have the spread between two year and 10 year, increasing to level we haven't since 2007 you are seeing 30 year hit a low this is the yield so that is pushing a lot of bank stocks lower across the board, though we have seeing the futures market in the red for all three nasdaq dow and s&p 500. peloton is another ipo that is going public, and still...
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Aug 14, 2019
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to kristina partsinevelos in the newsroom. jeff gannette was very clear, with or without the tariffs, viciously competitive landscape he's looking at. >> the last line, he did say consumers do not have an appetite for price increases. that's something i think we really need to focus on. given that these tariffs haven't really been passed on to consumers as much as they potentially could be. on the conference call today, he did say that they weren't going to increase prices with that 10% increase, but should tariffs increase to 25%, then they could potentially increase prices. last time in may, they did slightly increase prices on luggage and housewares and realized consumers don't like it. the earnings report was really a miss and not primarily due to tariffs. more because of just the woes that plagued macy's for so long. they missed on their athletic private label. it didn't do well. it wasn't fashionable enough. they had a slowdown in international tourism which i think is a big sign about the economy, too. weaker tourism, s
to kristina partsinevelos in the newsroom. jeff gannette was very clear, with or without the tariffs, viciously competitive landscape he's looking at. >> the last line, he did say consumers do not have an appetite for price increases. that's something i think we really need to focus on. given that these tariffs haven't really been passed on to consumers as much as they potentially could be. on the conference call today, he did say that they weren't going to increase prices with that 10%...
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Aug 15, 2019
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whatever you think, kristina partsinevelos joins us now, people are clearly listening. this stock is getting hammered today. >> clearly. you are seeing it down almost 12%. that's because the accounting expert came out saying that ge is facing the largest accounting scandal ever, that he's ever seen. he's been researching this with his team for the past seven months. he published a document, research paper, on gefraud.com. it's about 175 pages, making allegations that ge has a massive accounting fraud totalling $30 billion and that it's potentially even bigger than enron. that's what you are seeing on the screen right there. before we get to the allegation, i want to get to the comment i got from ge this morning. their spokesperson said the claims made are meritless. the company has never met, spoken to or had contact with mr. markupolis and we are extremely disappointed that an individual with no direct knowledge of ge would choose to make such serious and unsubstantiated claims. some of the claims in the document are, these are the allegations from the whistleblower, t
whatever you think, kristina partsinevelos joins us now, people are clearly listening. this stock is getting hammered today. >> clearly. you are seeing it down almost 12%. that's because the accounting expert came out saying that ge is facing the largest accounting scandal ever, that he's ever seen. he's been researching this with his team for the past seven months. he published a document, research paper, on gefraud.com. it's about 175 pages, making allegations that ge has a massive...
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Aug 19, 2019
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kristina partsinevelos is following it all today at the new york stock exchange. reporter: we are seeing that optimism, trade optimism is having a lot of investors move their money away from bonds into equities, little bit riskier. because of that, you have the bond prices that move in the opposite direction of yield, that's pushing up yields, helping banks so a lot of the banks you are seeing with citi, look at that, goldman sachs up over 1%. all across the board, up 1%. another sector that's doing well today, too, is the energy sector. that's falling off of a trend we saw on friday. opec putting out their weekly report that output has dropped. we are also seeing saudi arabia production at the lowest rates we have seen in five years so that helps with a little bit even though the price of wti is off the session highs for the day. i want to end on chip makers. i think you have been talking about it but we know the administration has given an extension to u.s. companies to work for another 90 days with huawei to wean off of it. that's helping the chip sector and mo
kristina partsinevelos is following it all today at the new york stock exchange. reporter: we are seeing that optimism, trade optimism is having a lot of investors move their money away from bonds into equities, little bit riskier. because of that, you have the bond prices that move in the opposite direction of yield, that's pushing up yields, helping banks so a lot of the banks you are seeing with citi, look at that, goldman sachs up over 1%. all across the board, up 1%. another sector that's...
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Aug 16, 2019
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kristina partsinevelos at new york stock exchange, with a look what is moving right now. christina? i will start with a really big story. we told you harry, accounting expert, he and his accounting team that ge was involved in a massive 139 billion-dollar accounting fraud. ceo of ge said those statements are completely false and to prove that, he bought back $2 million, almost two million dollars worth of shares that helped with the slight uptick. the latest news we're getting right now. siltcitron research. they are condemning maropolis saying he is benefiting from third party urn named hedge funds. all of this for a profit. quote from citron research, marco polo attack on ge, share of mentality is disingenuous does not pass the smell test. cintron said there is a difference between fraud and aggressive accounting tactics. we're seeing markets higher. dow higher 268 points. nasdaq, 122. trader told me this is crazy. from august 2nd to the s&p 500, it has only dropped five points. getting a roller-coaster, getting off pretty much where you started. germany open to some deficit spend
kristina partsinevelos at new york stock exchange, with a look what is moving right now. christina? i will start with a really big story. we told you harry, accounting expert, he and his accounting team that ge was involved in a massive 139 billion-dollar accounting fraud. ceo of ge said those statements are completely false and to prove that, he bought back $2 million, almost two million dollars worth of shares that helped with the slight uptick. the latest news we're getting right now....
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Aug 13, 2019
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kristina partsinevelos with more on that. reporter: you're right. a lot of corporate folks have reached out to the president, asking him not to increase tariffs. you have this list of toys to clothing goods that right now, the u.s. importers of those goods can breathe a small sigh of relief until december 15th. but according to the new york federal reserve, just this year alone, they are estimating households have to pay an extra $830 per household just because of the tariffs. washington said they have delayed these 10% increase on china nie chinese goods because of security concerns but to your question, what you are alluding to, could this be because corporations have been asking the president not to increase tariffs because it's hurting their goods, causing their goods to go up. why? because they have to pay that 10% tax. it's up to them to decide if they are going to pass it on to consumers. what you are seeing right now is a letter that was sent on behalf of 600 corporations and trade associations, including macy's, nike wrote to the president,
kristina partsinevelos with more on that. reporter: you're right. a lot of corporate folks have reached out to the president, asking him not to increase tariffs. you have this list of toys to clothing goods that right now, the u.s. importers of those goods can breathe a small sigh of relief until december 15th. but according to the new york federal reserve, just this year alone, they are estimating households have to pay an extra $830 per household just because of the tariffs. washington said...
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Aug 14, 2019
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kristina partsinevelos with some details on what macy's had to say. >> what a day for macy's. you are seeing the stock down 13% but it was actually the low today, down 16%. why is that. you had profit 48% but on the conference call you had the ceo speak about potential tariffs. de s he did say in may tariffs increased on houseware and luggage but going forward, what we might see on $300 billion worth of goods in december, he said that's manaabl manageable not planning on raising prices because he believes prices should not increase. people do not want to pay more which is why he's going to try to eat the 10% increase in tariffs whenever that does happen on december 15th. but we are talking about the earnings woes for macy's. what went wrong this past quarter. you had the fashion miss in their private label, slowdown in international tourism which is also a big key. we are starting to see a global slowdown. the strength in the u.s. dollar makes things much more expensive here and that leads to too much inventory which they did have to sell off and that eats away at their margin
kristina partsinevelos with some details on what macy's had to say. >> what a day for macy's. you are seeing the stock down 13% but it was actually the low today, down 16%. why is that. you had profit 48% but on the conference call you had the ceo speak about potential tariffs. de s he did say in may tariffs increased on houseware and luggage but going forward, what we might see on $300 billion worth of goods in december, he said that's manaabl manageable not planning on raising prices...
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Aug 19, 2019
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partsinevelos is on floor of the new york stock exchange taking a look good morning to you. >> good morning, maria. like you mentioned you had a rocky week last week the dow dropped over 800 points wednesday talked about inverted yield curve not the sentiment today more optimism you are seeing investors motive money away from bonds lowering prize yields climbing higher take a look at 10 year, we are seeing 10 year, last week hit a 3-year low, today look at that, up, up above 1.6% seeing a lot of positivity helping financial stocks in the futures market but we want to talk retail some chatting with friday reporting here saying looking at numbers because it paints a very good picture about how tu.ds customer is doing walmart very strong expecting hopefully similar situation home depot lowe's tgx on screen discount brand this will continue next few weeks sorry few days or so given that 90% s&p 500 stocks have already reported, last but not alleviate you a mud news on your to show you k345d commerce secretary wilbur ross sake they are going to give a 90 day reprieve to huawei, huawei pr
partsinevelos is on floor of the new york stock exchange taking a look good morning to you. >> good morning, maria. like you mentioned you had a rocky week last week the dow dropped over 800 points wednesday talked about inverted yield curve not the sentiment today more optimism you are seeing investors motive money away from bonds lowering prize yields climbing higher take a look at 10 year, we are seeing 10 year, last week hit a 3-year low, today look at that, up, up above 1.6% seeing a...
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Aug 16, 2019
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kristina partsinevelos, come in please. i want a value judgment right off the top. you think that's okay? reporter: it's a really tough question because i was an overweight kid and maybe this app could have helped me when i was younger. however, do i really want a company to be teaching me the ways of how to be monitoring my food. should it be the responsibility of my parents or school. what weight watchers is doing, they are launching an app and it's going to be called curbo by ww. weight watchers changed their name to ww to remove the weight from their name so we are not so focused on the scale, but this app will provide, like you said, kids up to 8 years old or 8 all the way to their teen agers, they can get this app which teaches them about breathing exercises and then they have a traffic light system, so if you put in your food, say you eat salad for lunch, that's green which means you can eat it freely. but if you had pasta, that's yellow so you should maybe have it in moderation, slow down. then if you had soda or candy, that would be a red, stop. think twice
kristina partsinevelos, come in please. i want a value judgment right off the top. you think that's okay? reporter: it's a really tough question because i was an overweight kid and maybe this app could have helped me when i was younger. however, do i really want a company to be teaching me the ways of how to be monitoring my food. should it be the responsibility of my parents or school. what weight watchers is doing, they are launching an app and it's going to be called curbo by ww. weight...
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Aug 30, 2019
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kristina partsinevelos, why are they not happy. >> a few stipulations they are not content with. how will money be distributed across to various states and counties? they haven't specifieded because of population within the regions or impact of the opioid crisis. that is what all of this is about. the deal, settlement you mentioned is a settlement with over 2,000 lawsuits from across the country. 10 to $12 billion. the sackler family, behind purdue pharma, they contributed their own money, $3 million but some of the states, according to "the wall street journal" more specifically, connecticut, new york, local states are not happy. they don't think, they think that the sackler family should one, contribute more, and then two, remainder of the settlement is reliant on future opioid sales. stuart: they don't like that. >> they don't like that. the problem is opioid and oxycontin. they will pay the settlement on future sales of the product. stuart: before we move on, can you put that board up again with the opioid makers. they're all way down. look at that! 16% down. endodown 8%. tev
kristina partsinevelos, why are they not happy. >> a few stipulations they are not content with. how will money be distributed across to various states and counties? they haven't specifieded because of population within the regions or impact of the opioid crisis. that is what all of this is about. the deal, settlement you mentioned is a settlement with over 2,000 lawsuits from across the country. 10 to $12 billion. the sackler family, behind purdue pharma, they contributed their own...