Transcripts For FBC After The Bell 20240714

Massive rescue efforts, hearing from victims and those rushing to help. Plus, upsetting Boris Johnsons plan. The new move from the uk Prime Minister following his second brexit defeat. New details in the College Admissions scandal. The latest allegations of paytoplay, what it means for the dozens of parents charged. Connell more on all the stories, fox Business Team coverage, top stories with gerri willis on the floor of the new york stock exchange. Edward lawrence in d. C. But gerri, with this rally in the markets we start to with you. Reporter global rally going on really started with the comments from the hong kong leader carrie lam, saying they would withdraw a bill that had sparked all kinds of protests in hong kong, calling for extradition of hong kong residents to face china, what wall street journal opaque justice system. She pulled away. Off to the races for stock markets across the globe. Facebook adding to the upside as well. Oil purchases for a second, settling up 4. 3 . And why . Donald trump on wednesday leaving the door open to a possible meeting with the iranian president hassan rouhani. This has been a conversation going on for some time. Will they get together, will they not get together. The u. S. Has been pressing sanctions on that country for some time now. Finally, this is fascinating, google, twitter, facebook, all meeting at Facebook Menlo Park Headquarters for a conversation how to secure the 2020 president ial election. Also on hand, it didnt stop there, folks from the fbi, director of National Intelligence office, homeland security, talking apparently about details about how to keep russia, other countries out of the grid, off of social media during the president ial election. So no details about what was discussed but certainly interesting that they are. Back to you. Connell fly on the wall there. Thank you, gerri. Melissa best day of the year for hong kong investors. Hong kong stocks rallying nearly 4 . Fox newss Jonathan Hunt is in hong kong with the latest. Jonathan . Reporter hong kongs chief executive carrie lam has been under intense pressure on wednesday she finally buckled, agreeing undoubtedly with the backing of the Chinese Government to withdraw the controversial extradition bill that sparked the protests 13 long weeks ago. In doing so she called for an end to the violence that has racked hong kong. Our foremost priority now is to end violence. To safeguard the rule of law and to restore order and safety in society. Reporter but what on the face of it seemed like a significant concession was quickly dismissed by protest organizers. Too little too late. Second of all, hong kong people, you have seen, youve been there yourself, the slogans that people are chanting were, five demands, no less. This is the endorsement of people. This is the voice of the people. Reporter chief among the protesters remaining demands a call for an independent inquiry into what they consider Police Brutality over the three month of protests. Without that they say, trust cannot be restored between the people and the police. By extension, the hong kong authorities. The protesters say they will continue to fight until all their demands are met. While carrie lams concession might appease some ordinary hong kongers, the hardliners will be back on the streets this weekend setting the stage for another showdown. In hong kong, Jonathan Hunt, fox news. Melissa thanks, jonathan. Connell lets bring our market panel in on this Jonathan Hoenig joins us, capitalist Pig Hedge Fund founding member, fox news contributor, Todd Horowitz the bubba trading show is with us as well. Start this off. You heard jonathans reporting with some of the people he interviewed dismissive of the move from the government saying too little, too late. What about an investment point of view . It came as a surprise to see the bill withdrawn. Some stories maybe the Chinese Military is going to move in instead were talking about this so what do you make of it . Listen the markets in hong kong were so depressed they would bounce at some point anyways. It frees up uncertainty, frees up the fear of china coming in taking over directly with military action. I think it eased some tensions brought in basically we call a deadcat bounce. It doesnt change the overall economy. It doesnt change anything but ease up tensions and make things more comfortable so investors felt more comfortable getting in. Markets get pounded down in one direction, they will get a bounce. The question, can it follow through . Connell weve seen so much of that, jonathan, last couple weeks, these bounces to todds point, in markets that really cant be explained one way or the other. Today we pin it on hong kong. Sometimes one comment on trade. All the back and forth, up and down, tomorrow we could be down as much as were up today. With do you make of this environment . Tremendously more easy for investors, connell to decipher, i dont know how many pampers walmart sells or tweet on trade or next move from the Chinese Government in hong kong. Youre seeing a lot of steady eddies if you will, cocacola, like at t, like walmart at new 52week highs. 175 new 52week highs. Only 150 new 52week lows. I think reason still majority of stocks are below their 50 and 200day moving averages is exactly what you alluded to, erratic action prompted by uncertainty on hong kong and uncertainty on trade. Connell all right. Melissa taking aim at the wto, President Trump calling the World Trade Organization a disaster for the u. S. , claiming china has been taking advantage of the trade body, as china file as formal complaint over this weekends u. S. Tariff hike from 10 to 15 . Edward lawrence is live in washington with the latest. Edward. Reporter melissa, President Trump saying chinas economy will actually bring them to the table to finally have a deal with the United States. Now the president again saying, that chinas supply chains are fracturing. He said specifically jobs are moving to vietnam. He says there sun employment in the chinese manufacturing sector. Now this is where, were waiting for a phone call between the two trade delegations. They are supposed to have that call any day now. We expect the call to set up when the Chinese Trade Team will come to the u. S. For the next round of trade talks. Two senators just concluded a trip to beijing. Senator steve daines, senator david perdue met with chinas top negotiator, vice premier liu he. This is video of the meeting which happened yesterday in china. The president says that not only did he approve the trip, he wanted them to deliver a message. I knew about the meeting. I approved of the meeting. And all they did is say that we really have bipartisan support. If you look at it, and the support is very serious. So were not playing games. That was the message that was given by senator perdue and senator daines and it was given very strongly. Reporter the senators trip has concluded now. The president very clear about the fact that he says china has been taking advantage of the United States for far too long. He says that ends now. Now Going Forward, the next step on tariffs is this. On october 1st, an increase of 30 tariffs on 250 billion worth of goods. That has already been under a 25 tariff. Now the trade team here in washington is waiting for that phone call here. They are also waiting for that phone call that will set up the next round of talks, the 13th round of facetoface talks which are supposed to happen here in washington, d. C. Back to you. Melissa edward, thank you for that. Lets take a look at this now. Shares of the company ww, formerly known as Weight Watchers or wonder woman depending where youre coming from up 4 following Oprah Winfreys announcement that that she will travel around the country for a tour presented by ww. If it is wonder woman, im definitely going. Jonathan and todd are back. What do you think about this . Make it the wwf. Anyways i think, listen, she needs the money. She wants to prop up the stock. So she is making a road show. Melissa she doesnt need the money, todd. Melissa i think he is kidding about the money. Go ahead. She is, this is right on brand, melissa. You cant dismiss oprah. She took the stock from 6 in 2015 to 100 in 2018. Weight watchers trying to reinvent itself, on brand, losing weight, lifestyle choice. My question, does oprah with all respect to her fans, does she resonate with a younger crowd as she once did . She is positioning herself as elder statesman, will that sell . The stock although popped nowhere near its 52week high or high for the year. Melissa todd, i think you wouldnt know, unless youre, only ladies know this she has a huge speaking tour. Her biggest business that at attracts largest crowds where she is inspirational speaker. She bring brings out inspirational people. People pay a fortune to get there. She is combining all businesses. Look, Weight Watchers i will lend you the very best business i have, which are the huge gatherings around the country are hugely successful. Maybe other men dont know about this. That makes it a stock market opportunity. Todd, what do you think . Listen, she is one of the best brands in the world, right . Everybody knows o, she has done phenomenal work with what she has done. She has built one heck of an empire. I think it will help them increase, however, i think one of the reasons for this in bringing them in, theyre starting to realize all this online competition, all the types of the dieting, every day you see new ads for new ways to lose weight. Many millenials, many Younger Generation arent going to that strict diet where they have to get the food weigh it, do all the other stuff goes with it. Melissa they will make it about wellness. I bet you anything they will introduce a little fitness band that you wear like oprah. Connell not a bad idea. Melissa mark my words. Guys, thank you. Connell todd and john, two of the best oprah analysts. Maybe they already have that. If they dont, they probably will. Connell dont bet against oprah. As we continue, bracing for devastation, Hurricane Dorian thrashing floridas east coast. While officials warn that the worst is far from over. Were on the ground live in florida. Melissa taking advantage of vulnerable consumers. Florida merchants are hiking prices as resident prepare for the storm. The fallout on that one coming up. Connell rescue efforts underway in the bahamas after dorian left the region in absolute shambles. Look at these pictures. Melissa wow. Connell one group is spearhead ing relief by saving lives one meal at a time. Were live in nassau next. Going through it was terrifying. It was just worse than anything i could have imagined. Ma doing all she can to manage her type 2 diabetes and heart disease, but is her treatment doing enough to lower her heart risk . Maybe not. Jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. So it could help save your life from a heart attack or stroke. And it lowers a1c. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. A rare, but lifethreatening bacterial infection. In the skin of the perineum could occur. Stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection,. Ketoacidosis, or an allergic reaction. Do not take jardiance if you are on dialysis or have severe kidney problems. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Lower a1c and lower risk of a fatal heart attack . On it with jardiance. Ask your doctor about jardiance. You may have gingivitis. When you brush, and the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Connell scenes of widespread destruction as we look at these, this video that has come in from the bahamas. The death toll from Hurricane Dorian has been rising. The officials in bahamas likely it is going higher than where it is right now. Fox news Steve Harrigan is in the bahamas with the latest. Steve . Reporter connell, you can hear the helicopters behind me. They are bringing in some of the wounded, some surveys from Early Morning hours. U. S. Helicopters from the coast guard, customs, border patrol, making 60 Early Morning rescues. Weve seen number of people reunited with family members. They were not sure who was dead or alive. People are out here waiting in the sun. People we talked to express ad sense of concern about the conditions on abaco island. Many say violence and looting has begun to break out there. Here is what one woman told us. Theyre throwing rocks at you. They are breaking windows that are not broken. The houses still intact, theyre trying to take them over. Theyre looting everything. Reporter a lot of factors made these rescues very challenging. For thing this storm, in addition to 185 mileanhour winds dumped 35 inches of rain on the bahamas. The main airport in freeport has been destroyed, is under water. It is slowgoing by helicopter. Surgeons about security will give a further wrinkle to the rescue efforts. Connell . Connell Steve Harrigan live in nassau for us. Melissa . Melissa going in to help the people of the bahamas. Celebrity chef jose can we hear it there . All right. Arriving on the scene. Do we have the sound . Okay. Vowing to save lives one meal at a time. Here now is nate, the executive director of andres nonprofit world central kitchen. Im sorry we didnt get to show the video, it is compelling what you guys do you show up in every disaster, you try to take one problem out of the hands of the people, of the local government and local officials by providing meals for people. But you really, what strikes me you really go in before it is even safe. But when it is needed. Like in this case, you guys are prepared and on your way in to abaco. Have your crews gotten there yet . They have actually, yeah. We made a number of trips to abaco. Our founder, Chef Jose Andres is on a helicopter on his way to deliver more meals on to the island. Youre absolutely right. It is a very difficult situation right now. Melissa so astounding. How do you get permission to go in when theyre trying to get people out and rescue crews going in . Is it difficult to the got logistic set . Is that the government is so overwhelmed theyre happy for the help . Tell us about that. Youre right, its a little bit of everything. We were on the ground before the storm hit. We were in nassau which is on outer bands of Hurricane Dorian. So we were safe. We were not putting ourselves in harms way. We knew we needed to be prepared, to be close, to be able to respond. We were in puerto rico after hurricane maria. We saw the devastation and the need for food because all of the infrastructure is wiped out. There is no electricity. There is no water. There is no grocery stores. The flooding here was really astounding. So we are working very closely with the government of the bahamas. Nima, the Emergency Management association there, to coordinate the, all of those things. So it does sometimes take a while. Were waiting sometimes to get permission to lift off, like, has been reported, the u. S. Coast guard is there making rescues. Theyre also coordinating. Melissa yeah. We have our own helicopter of the that helped us. We knew we needed to have our own transportation because of the complexity of the situation. We rented a helicopter. Brought it up. We have a boat coming in that will help us as well, so we can stage off the coast of abaco and grand bahama when it is safe to be there. Melissa what day did you decide to focus your university. I left nassau over the weekend. A lot of people are positioned in florida to help. No one knew for a while where most help would be needed. Youre among the first on the scene in abaco. How did you guys do that . We staged in a number of places. This storm was very tricky and difficult to forecast. We even had a team active in puerto rico. They thought maybe it would hit there. We still have teams along the florida coast. We were prepared for a mass, mass feeding response in florida as well. And, once we saw that it was likely coming through the bahamas, we knew it would be good to have a team there because the direction of the storm immediately after it hit, it would limit the ability norfolks to get from florida to the bahamas. Melissa yeah. So we to the set up there a few days in advance working with some folks on the island, getting some supplies set up, ready to go. It is a little bit of a guessing game. You kind of estimate where you think the storm is going to go but you do your best. Melissa i dont want to run out of time. It is an incredible organization. We talked to i think when you were down in puerto rico. You were there when the government closed, you were feeding people in d. C. Who were out of work for a little while. You show up wherever there is a need, serve a amazing food much it is a celebrity chef. You talked about having your own helicopter. Where does your money come from . Do you get government money . Is there donations . How do you do this . We dont have any government funding. We rely heavily on donations from individuals. Were a People Powered organization. So folks donate. They volunteer their time. You know, the industries, the chef industry, joses relationships are really able to keep us going. That is how we, you know, we support ourselves. We buy our food, as much as we can locally. Were sourcing all the food in nassau because it is the fastest, the quickest way to respond. Melissa it is not the a big place. I imagine that the demands on nassau are going to be a lot with other islands around. Anyway, thank you for your tremendous work. I have information on my twitter and instagram about you guys although you dont need our promotion. Everybody is talking about you right now. Thanks for coming on. I hope you come back. Thank you so much, melissa. Melissa unbelievable what they do. Theyre right there. I mean something happens, they are there basically before all these other help organizations get there. It is astounding. Connell in puerto rico as you mentioned they did a lot of tremendous work. New fallout in the College Admissions scandal weve been discoughing for some time. Usc, university of Southern California involvement in pay play practices a wider story. The impact on cheating elite is coming up. Plus not backing down. Boris johnson the Prime Minister of the uk vowing to separate the United Kingdom from the European Union even without a deal no matter what was voted on today. 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You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade mr. Speaker, let us be absolutely clear, this government is going to get a deal from our friends in brussels. We will get the backstop out. We will get it, an agreement. I think it only thing that is standing in our way is the undermining of those negotiations by this surrender bill. Connell with that another bruising defeat in parliament politically. Two in as many days for newly minted Prime Minister boris johnson, vowing still to deliver the uk out of the European Union with or without a deal by the 31st of october. This is the house of commons today voted in favor of a bill to avert a nodeal brexit, pushing back big time on mr. Johnson. Nile gardiner with us, director of the Margaret Thatcher center of freedom at heritage foundation. Weve been talking for months, seems like decades. You said, nile, not end of the world if there is nodeal brexit. Apparently some in the British Parliament disagree. In the next few minutes if i understand this right, whether johnsons call to have an election couple weeks before the deadline on the 15th of october goes through. Maybe you can translate all of this from british into american for us. What is really going on today . Thank you for having me on the show, connell and just a few observations on the latest developments. I firstly, as you mentioned there will be a vote in the house of commons on whether there should be a general election to be held on october the 15th. Boris johnson called for such an election earlier today. And there needs to be a 2 3 majority in parliament in order for that general election to be held because under the fixed Term Parliament legislation, the next general election is officially 2022. So this would be an early general election. At the moment, or certainly up until an hour or so ago, the labour party was not committing to an early general election. So it will be an uphill struggle for the Prime Minister to get a vote in favor of a general election but well have to see what happens with regard to that vote. Connell where are we if we dont get that general election vote . So if he does not get that vote, the, well in the immediate term, in the next couple days or so, the house of lords have to vote upon the legislation passed by the house of commons today. Calling for the Prime Minister to seek an extension of article 50 of the treaty on European Union which would delay brexit. Connell for three months, right . Brexit would be pushed back. Johnson when he says were going out no matter what, 31st of october, unless he gets the general election vote to go in his favor in a few minutes that is not necessarily true . Brexit would be delayed because of this vote, most likely . In theory yes, but the house of lords has to vote on the bill as well. There are over 100 conservative amendments to this bill. And, there is an attempt by the conservative government to filibuster this bill in the house of lords. Lets not forget as well, parliament is being suspended next week for nearly five weeks. So the house of lords has to get this legislation passed by friday in effect. And i think there is a decent chance of this bill being filibustered in the house of lords, thereby blocking it. Connell that was the whole idea from Johnsons Point of view when he suspended parliament, to give them less time to talk about this. Maybe that works. And then as a final point here, now because this whole thing gets confusing to a lot of people who just want to know what will happen over there, no fallout, no deal, what do you see actually happening by the 31st of october . Is britain, definitely out by then or is it still really up in the air as you see it . It has been up in the air at the moment but the Prime Minister today pledged to take britain out of the e. U. By october 31st. He is determined to do so. If there is general election on october 15th, conservatives will win that with a comfortable majority. Britain is definitely out. If there is no general election, if the house of lords approves of this bill, then the Prime Ministers placed in extremely difficult position. He has pledged, he has pledged that britain will leave the eu on october 31st. Could the Prime Minister potentially ignore this legislation all together, just push ahead . Well see what happens here. But, without a doubt these are extraordinary circumstances, extraordinarily times. Prime minister is placed in extremely difficult position right now. Connell right. Best thing for britain at the moment is to have a general election, well take one step at a time. In next few minutes well find out whether that happens on 15th of october. You hang with us. Well watch this vote in the uk parliament. Well see what happens. Melissa. Melissa finding common ground, President Trump leaving the door open to a possible meeting with irans leader amid escalating tensions over sanctions against tehran. Sure. Anythings possible. They would like to be able to solve their problem they have a got a big problem. Theyre getting killed financially. Their inflation is at a number that few people have ever seen inflation at. And its a very sad situation. They could solve it very quickly. We could solve it in 24 hours but well see what happens. Melissa the two leaders will both attend the u. N. General Assembly Meeting in new york city at the end of the month. Connell all right, Hurricane Dorian brushing the florida coast as officials warn about the lifethreatening storm surge there. Well get you an update on the storm as we continue to track later on in the hour. Melissa plus taking advantage of hurricane victims. You wont even believe some cases of price gouging were seeing in the sunshine state. Well tell you how much places are charging for a case of water. This is terrible. Always happens. Connell every single storm or disaster we cover. Well track the path, inching up the coast, threatening major damages in the carolinas. All of that plus maybe breaking news from the uk as we continue here on after the bell. You wouldnt accept an incomplete job from any one else. Why accept it from your allergy pills . Flonase relieves your worst symptoms including nasal congestion, which most pills dont. Flonase helps block 6 key inflammatory substances. Most pills only block one. Flonase. past them because she didnt sknow they were talking to her. G and she would just walk right deborah i just could not hear. I was hesitant to get the hearing aids because of my short hair, but nobody even sees them. avo our nearly invisible hearing aids are just one reason weve been the brand leader for over 70 years. deborah when i finally could hear for the first time, i started crying. I could hear everything. avo get special anniversary savings and your chance to win a seven day hawaiian cruise. Call 1800miracle today. Melissa preparing for the worst. Millions of americans from florida up to North Carolina are under evacuation orders as Hurricane Dorian threatens the east coast. Lets go to fox newss Doug Mckelway in wilmington, North Carolina with the latest from there. Doug . Reporter things are very, very calm here. We have gotten in the past hour or two our first quite heavy rain here but the wind remains very calm here. We do expect that to change, so does duke power. We have drone footage of an assemblage of 1500 duke power trucks are gathering in florence, South Carolina for deployment where theyre needed up and down the midatlantic, North Carolina, South Carolina in the days to come. We dont know where they are will be deployed. There is very good chance well look at serious Power Outages up and down the coast. That is one of many preparations underway. Another one we shot last night. The kind of thing you dont ordinarily think about in urban area. Highrise cranes for highrise buildings. One is under construction where were staying. One was 20, 30 stories up in the air, 12 hours ago, over the course of the evening . They disassembled the whole thing. The last thing you want to see a crain flying freely in 100 mileperhour winds slamming into a building under construction next door. That has been disassembled. It will go right back up after the storm passes. More preparations of carolina beach. Forklifts lifted up, heavy, stable life guard plaid forms, took them to secure area. They weigh a lot. When you have 100 mileanhour winds they can be tossed out in the breeze quite easily. We went to wrightsville beach. Right to make our way out there. Police set up roadblocks. They are only allowing citizens, homeowners, contracts to pass the drawbridge on wrightsville beach. Being very determined in their elimination of anybody else who wanted to get across at that bridge. We saw dozens and dozens of boat owners, this is heavily boat trafficked area. There are hundreds of thousands small boats. Many have boats in the owner but are not here present to get them out of the water. They hire people to do that. We ran into one guy who told us he and his partner had extracted 70 boats from the water. He charges 30 per foot. So if youre talking about a 30foot boat, that is 900 to extract it. He managed to get 70 boats out of the water over the past 72, 48 hours or so. There is money to be made in an environment like this but, a lot higher costs to be weighed against that. We are standing by on the banks of the cape fear river. This coast guard cutter behind us, the diligence is going to stay put. Normally big ships head out to sea. Not this one. It is under repairs. Theyre hoping for the best on the cape fear river. Melissa. Melissa Doug Mckelway, thank you. Connell were going back to the uk. The vote we told you about has come down. Another loss for boris johnson. Uk parliament voted moments ago, it was not close, voted against Holding Early election on october 15th, something johnson called for. The vote 29856. Remember, as Nile Gardiner told us he needed 2 3 majority in favor, nile. Boy, this is another loss for boris johnson. I will rewine what you and i were talking about before the vote happened where we go from here. This big vote in the house of lords will decide whether or not brexit is delayed. They need to get that in by when you were saying . Yeah. I think the lords needs to basically approve the house of commons bill by friday. I believe by friday at 10 00 a. M. It is the deadline. And so the conservative partys, sort of government filibuster may actually succeed in preventing this from happening, but that remains to be scene. That is a very big if. Certainly not a good result for boris johnson. The labour party instructed members of parliament to abstain. This is a demonstration of the fact that the labour party, the main opposition, theyre running scared from a general election because polls show conservatives would win a significant majority in a general election. That is why the labour party is not prepared to go before the polls here because they are afraid of what the voters will say and it is very clear i think, british voters have had enough of parliament trying to delay brexit and stop brexit. Connell which im sure from your point of view as you said earlier, you have been someone telling us over and over this will be okay essentially if we go through with this leaving of the eu on the uks part. From someone looks at it from that point of view, rejecting what the voters have said, is becoming sort of a pattern, right . That is what we saw, what were seeing this week from the socalled elites, it has been said fighting back against people who voted to leave. This is fundamentally undemocrattic by britains parliament. The british people voted to leave the European Union on 2016, 74 million people. They instructed parliament to insure that britain leaves the European Union. Parliament has simply not done that. It defied the will of the people. Parliament has one goal at the moment, to derail brexit. The government is trying all it possibly can to implement brexit on october 31st. Parliament is knifing the british people in the back. It is absolute disgrace. Connell theyre doing the best to hold it off, for a few months, they say to get a deal in place. Well see about the house of lords vote. That seems to be next big thing. Great analysis. Thanks for coming on. My pleasure. Thank you very much. Melissa the scandal still rocking the nation. Why several parents in the College Admissions scam calling donations par for the course. Do they stand a chance with that argument in court . Our legal expert weighs in next. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. To the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy a new samsung note. Click, call or visit a store today. Melissa breaking news. Shares plunging after reporting a huge loss in the First Quarter as a Public Company as it spent heavily on sales and marketing to boost engagement on the platform and keep users. Slack did boost its outlook for the year. You can see there, getting hammered. Connell nobody focused on that right now. Down 15 . Insisting that the university of Southern California has a schoolwide paytoplay program that undermines criminal fraud charges against the miami developer for his attempt to get his daughter into usc. Part of the big scandal weve been covering. The university denies the claims. It is an effort he is making to divert attention from the real charges. Lets get to fox news correspondent bryan llenas in the newsroom with this new wrinkle on things. Miami developer robert san grillo is one of 51 people charged in the nationwide College Admissions scandal. He is accused of paying 50,000 to the university of Southern California, an alleged bribe to have his daughter admitted as a fake crew recruit. His lawyers said he made a donation to a university that prioritized donations over grades and test scores. Lawyers submitted emailsism sc admissions and they say prove it. Xcel sheets flagged special students who parents had high paying or highprofile job. One fresh man with unremarkable 2. 8 gps is noted as having a dad who is wellknown ortho surgeon. Another highlighted because their father own as Major League Baseball team. Others were highlighted for donation potential. One Million Dollar pledge was written to one students name. Another had 15 million written to their name. An email exchange usc officials advocating for a particular student because their family has one to five Million Dollar donation potential. When the donation seems like it is not coming, one usc official responded if this is not work out the way you planned i can have admissions pull the approval, let me know. Usc denies any wrongdoing. Usc previously disclosed like most private universities we allow many departments including athletics to mark certain applicants with socalled special interest tag. San grillo is demanding that the court force usc to turn over more documents proving accused parents were simply playing by the rules established by usc. Connell the story keeps on giving. Melissa. Melissa here to react former federal prosecutor fred tecce. Now Ip Practice Group director at miller. Thanks for having me, melissa. Melissa does this mitigate the case for the parents . I dont think the information in off itself contained in the spreadsheet is shocking but they put it in such plain terms. I grew up in Southern California, i knew about usc the university of spoiled children. This confirms what the gossip was. Correct. So that part that is usc, right . This is the same kind of unboyd dilled hubris that got these people in the mess in the first place. Yes, usc does that. Colleges are so competitive if i wanted to go to penn today, my daddy would have to buy entire stadium. It was never going to happen but the big difference in this instance is this, he knew that his daughter was not on the crew. He knew that it was a fraud. And so the question is, from the federal governments position, what is the benefit that is conferred . And one of the things, i am surprised the government hasnt really argued this, if i was the government i would be arguing these people paid this money to get their children into schools they couldnt get into on their own, that would have an economic benefit to that child Going Forward of a lot of money. Melissa but would it though . I mean, yes in the case of yale, you could say that but with usc, when you look at the University Set up a situation where they were encouraging parents to give donations, then, this shows, that they were counting it as points in favor of the parents, i mean how, how can the, doesnt it mitigate the parents guilt that they were laying by the rules established by the university . Also, you know, those degrees were already tarnished by the idea that people were donating money in order to help their kids go in. I mean that was wellknown. I dont know, doesnt seem like they robbed any other family of anything, if another kid went there, didnt pay be the degree was tarnished by this reputation would be my argument . Talk about the second part last. Other children would have gotten, somebody more deserving would have gotten the spot. I disagree with that. These children whose parents paid a lot of money it would be one thing if they could have gotten in on their own right, or four or five students, were talking about students who were otherwise qualified and whose parents decided to give a lot of extra money, that is what the university wants. They take people who melissa in the case of yale, yes, but in the case of usc i dont know what that degree is really worth. As you said youre from Southern California. There is benefits having gone to these schools just beyond the schools reputation. The people you meet there. The relationships you make. As you go forward in life, those are relationships, particularly want to get involved in business or involved in Something Else those are relationships that pay benefits to you. Look for these parents to say this was not a value to me, why did you pay the money to get in there in the first place knowing that your child couldnt have gotten in there on their own . That is the fraud part. Melissa okay. Fred, thank you. I wish we had more time. Well talk about it again. Thanks. Connell a lot going on. Back to the hurricane, setting its sights on the coast of georgia and the carolinas. How some coastal communities are getting set for the storm surge. Well talk to a local mayor about that taking advantage of the natural disaster. How some florida merchants are using the hurricane to exploit a local residents across at that state. Play it cool and escape heartburn fast with new tums chewy bites cooling sensation. Tum tum tum tums with new tums chewy bites cooling sensation. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Th but what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. 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Pleasant, South Carolina. Tell us what youre doing to get set for this storm. Well, thank you very much. The town of mt. Pleasant is as prepared as we can be. Our citizens have responded well. Our dedicated staff has worked very hard and very long hours, sometimes to the detriment of getting their own property and families ready, but we have tried to balance that with getting the town as prepared as we can for the effects of the storm. Right now, we are telling everybody its time to shelter in place, dont get out and about, its too late to evacuate. Connell the thing we have been trying to figure out, if everybody is taking it seriously enough. They have seen it come up the coast, saw what happened in the bahamas. I guess you worry, is it weakened so much by the time it gets to you its not the same storm . What are you trying to get across to people and how are they responding . I would say the response to this by people has been very vigorous. If you saw our sandbag locations the other day, everybody was actively filling bags, neighbor helping neighbor. They take the threat of this seriously. Most of the damage and casualties in a weather event like this is from rising water. Not to diminish the wind, but the rising water is the one that can damage your property and harm you physically. We are asking everybody to take precautions. Connell obviously a beautiful part of the world, not far from charleston, mt. Pleasant, South Carolina. Melissa . Melissa cashing in on Hurricane Dorian, florida merchants are jacking up prices of essential products. Residents already reporting more than 2400 cases of price gouging across the state. This is according to floridas attorney general. We hear about that, its illegal. If this is happening to you, report it to the attorney generals office. You always see people taking advantage of the kind of trouble of others. Its terrible. Connell awful. Melissa then you see great cases like we had on earlier. Connell i think we see more of that than the other way around. Thanks for joining us. Melissa bulls bears starts now. David Facebook Ceo Mark Zuckerberg under fire tonight as one top democrat senator calls for him to be held personally accountable and face possible prison time for his companys mishandling of user data. This as we are just learning of yet another data leak. Hi, everybody. This is bulls bears. Im david asman. Joining me is steve forbes, kristina partsinevelos, scott martin and steve ford. Democrat oregon senator ron wyden turning up the heat on facebook, demanding its ceo, mark zuckerberg, face the consequences of his companys privacy violations, saying this in an interview thats published