Transcripts For FBC After The Bell 20240713

Lawn. Im Melissa Francis in new york. This is after the bell. Hey, connell. Connell im connell mcshane, reporting live at this hour the state of pennsylvania. Start of after the bell series on swing state economies. We have three states in three days. Heading to michigan tomorrow, wisconsin on wednesday. These states helped put President Trump in the white house. Their economies may very well decide if he stays there, when America Votes this week, next year. Our host is from a company in chesser county. They specialize in automation. You will hear about later on in the hour. We begin with the records melissa talking about in the markets. Jackie deangelis on the floor of the new york stock exchange. Jackie. Reporter connell, records across the board. Market locked in gains with the dow up 115 point like at the settle. Three things traders are talking about. Positive earnings adding to the momentum. Optimism on trade, certainly a factor out there. Also some residual excitement about the fed rate cut. We have a fed stands ready to boost the markets in necessary, a dovish fed, if you will. Strength today, strength across the board. Energy industrials, financials, particularly strong. So you can see with Oil Prices Higher it was a riskon day for investors. Certainly what is interesting, with all the positive momentum, i dont mean to be debbie downer. Talk about two stocks really struggled today. These are big stories, difficult to ignore. Start with under armour, closing down about 18 . A very, very tough day for this company after the Justice Department and also the sec are saying they are looking into under armours accounting practices. How they booked revenues and shifted sales potentially from quarter to quarter. Underarm more reported earnings this morning. Earnings were better than expected. But the company also cut revenue forecast for the second time. Investors are concerned how this will play out. Second down stock of the day which could have, you know, the dow could have seen higher gains, stronger gains, if it werent for mcdonalds. This is a Company Specific story. Not something that impacts stocks overall. Ceo steve easterbrook, fired from the ceo position. Also resigning from the board after a consensual relationship with a employee at the company. Not a ton more detail. Looks like well see a Management Change there. President of the americas will step into take over. Investor credit easterbrook with a lot of what mcdonalds has been since he took the helm of this company. He instituted all Day Breakfast was very popular. Managed to keep competition when things were tough with the rest of the space. Investors waiting to see how this shakes out. Mcdonalds losing 3 today. Guys. Back over to you. Connell jackie, thank you. President trump touting the economy. Hitting a report high. On this recordsetting day were joined to talk about all this, rob morgan. With us on the market panel, gary b. Smith where he is president. Gary, fox news contributor. Since youre here in pennsylvania with me, i will start with you. Jackie went through a lot of issues, but what is driving this in your view, more fed, china, more earnses. What are you looking at . Fed cuts, tax cuts have a role, connell. Earnings Growth Continues to be solid. It hasnt been great this year. There is talk there is reacceleration of Earnings Growth next year. Rob, markets hitting all time highs, it is expensive. On a pe basis it is really not that expensive. Connell gary, well get political in pennsylvania here today. Let me ask you about it from that perspective. How much does the record stock market help the president . Or is it not as simple as that as we look forward to a year from the election . If you think, connell, that the record stock market is kind of a reflection of the economy, it helps a great deal. When people come to vote, the vast majority of people care about really three things. Do they have a job, are they making money . For most connell gary i have to interrupt you. Sorry to do that. Were back in a moment. Fox business alert on breaking news. Uber. You will be back to talk about the earnings. Susan li in the newsroom. Reporter better quarter than anticipated. Raising guidance. The stock looks like were still down in the afterhours, but lets go through the Quarterly Results first of all. A. They lost less money than in the previous three month. Losing 68cent a share. Markets anticipating close to a 81cent loss per share on adjusted basis. Revenue better than anticipated. Uber making 3. 8 billion. Street was looking for 3. 69 billion so that is positive. Theyre raising the guidance for the entire year as well. Business doing better than expected. Uber will raise full year ebitda, how much they bring in, by 250 million. Theyre getting range of losses 2. 8 billion to 2. 9 billion. That is better. Market was anticipating losses for the full year over 3 billion. What is working for them. The ceo says this, growing profitability in the ride segment is helping results. If they look at adjusted ebitda, how much they bring in on that basis, ride hail something actually profitable. Dont forget lyft, just last week at wall street journal event said they will get to profitability a year earlier than anticipated. On this metric uber is already there. Theyre still losing money on eats and the like. Active monthly users, this is a bit of a myth here. Uber has 103 million active platform users. Market looking closer to 105, 105 1 2 million active users. Uber telling me analyst estimates are all over the place on that particular metric. Theyre not all that concerned. There is a lockup period expiring on wednesday. Meaning early investors can sell out of the shares. Were hoping for more clarity, what that means from the stock price from the uber ceo in ten minutes or so. Something else to point out is the regulatory environment. California is looking at a bill that would make uber drivers contractors, employees, not contractors which would be a big risk to uber and lyfts business going forward. On the call with the ceo at 4 15. I will bring you more after this. Melissa you hit all the points. Let me bring in the panel. They, theyre saying ride share is profitable . It continues to be very interesting business. On the one hand you think, amazon as they were growing market share, they continued to lose zillions of dollars. People that were put off by that, never bought, of course they, they missed a great ride. Uber along with lyft continue to grow market share. They havent quite figured out how to make money. I dont know if they ever will. Depends what story you buy. I like increasing market share. If you think ridesharing will be around forever, you have to buy uber or lyft right now. Melissa rob, my biggest thought they dont seem to be able to do this, they get people to do it, because it is so cheap. When the price goes up, people go somewhere else. I switch it back and forth between lyft and uber. When i go over to one, the other one sends me a promotion. You can play them off each other. As a result i just dont know in the long term how it becomes much of a viable business . Well, melissa, that is a good point. I think fact that not only did uber have good results better revenue than expected loss, less money than expected, lyft similarly had better results. This is one of those rising tide will lift all boats. Will there be times where one does better than the other . Sure. Youre kind of pointing out some reasons for that. But it seems, as i said, it seems to be a business that is exceeding expectations here. Melissa rob, gary, thank you, susan. You will talk with the uber ceo minutes from now. We come back to you update later in the hour. Interested what happens on the call, thank you. President trump set to leave the white house ahead after Campaign Rally in lexington, kentucky later tonight. Well bring you any breaking headlines. A push to bring more viewers a new comedy special on netflix will reportedly let you completely escape from politics. Its a fascinating story. Well tell you how. Connell, what do you have coming up . Connell well speak with a democratic congressman. She flipped a republican seat in 2020. What about President Trump, can he bring undecided voters back into his cam. Well talk about it. You could vote for him maybe . Possibly. Connell because . I dont want to. I would rather see a stronger democratic can date. Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. They can help gut check your strategies and answer all your toughest questions. Sounds perfect. 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President trump highly competitive in the key states most likely to decide his reelection. According to new surveys out New York Times and sienna college, president trails joe biden and Bernie Sanders but even with president warren. Innings that polling he is behind the former Vice President in headtohead matchup, latest fox poll 5139. He won 44,000 streets in pennsylvania, that. We have Christie Houlihan who represents the area were in Chester County in pennsylvania. Thank you for coming in. Thank you for coming to our community. Connell you were i elected a year ago . A year ago tomorrow. Connell we were here three years ago, before the last president ial election. President trump won the state. He didnt win the county. Someone like you sweeps into power in the midterms. How does that impact what will happen or does it in 2020 . Chester county is 80 of the district youre sitting in, the congressional district. Were a community of 40 democrat, 40 republican and 20 independents. We vote pretty consistently both sides of aisle. We vote for people that represent most of the values we have. Most values are Kitchen Table needs, health care, jobs, education. Safety. Connell ask you a about a couple of those. Focus on economy. Ive been last couple days talking to voters. Most are fairly confident about the economy. Theoretically would help the incumbent, person in power. What would you say . Although tester county and parts of burkses have low unemployment it hasnt helped everyone. Redding, part of our district, double the Unemployment Rate the rest of the country. In addition a lot of people who are employed in our community but are not able to realize same gains because theyre still making minimum wage. Connell youre willing to make an argument against the president. What im saying absolutely not everybody has been able to rise. Not everybody is invested in the stock market. Not everybody has a living wage. Those people are left behind. Connell understood. I heard a personality base argument. Play a clip from one voter yesterday she wants to find a democrat she said to vote for but she is having trouble with the current field. She might end up voting for president anyway. Lets listen. I havent found like a strong democratic can date yet. I dont feel like joe biden, it is not his time. His time passed. We need younger blood in there. Connell one of the issues is that someone like you wins, fine in 2018. Much youre a member of congress. It doesnt necessarily translate. People said last time around the democratic can date was not Strong Enough to beat the president. Who is your can date next time . Did you pick one. I dont agree with your premise. We had 40 that turned red to blue. Im entrepreneur, veteran, educator. I hope in the representation of my community represent things that woman is looking for. Connell undecided voters going back and forth. I wonder whether senator warren or Bernie Sanders weve done a lot of segments on the show, talking about the party moving too far to the left especially economics. Does it concern you. Medicare for all . Our party should talk about issues 80 of us agree on, which is health care jobs, economy, safety in our communities. How we get there, how quickly we get the to issues are up for discussion. Largely need to focus on issues all people care about in our community. Connell wish we had more time to go into those . Would you love to come on and well continue the conversation. I would. Thank you for coming to you are community. Connell thank you, congresswoman. Chrissie houlihan in the state of pennsylvania. Reinventing manufacturing. How a Company Based where we are using robotics to assist, instead of replace workers. Melissa i will speak to greg, the ceo of this company, hosting us. What else do we have . Melissa that is cool. I see the robots working behind you. 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Melissa energizing the partys base in a crucial state President Trump just wrapping up comments with reporters right now on the south lawn. The president is making his way to kentucky for a Campaign Rally. Lets go to fox businesss blake burman at the white house with the latest. Reporter talking about are up arena rupp arena in early november, youre talking about basketball. He will head north for a Campaign Style rally later this evening. He just took off the from the south lawn. Were awaiting comments and play back from the president. He will be asked about the ruling in the Second District court of appeals that went against him relates to the taxes of the prosecutors in manhattan have been seeking eight years of the president s state taxes. Today judges there ruled they have to be handed over. The second court of appeals, a threejudge panel unanimously agree the president can be investigated while in office. The subpoena is directed at a third party, mazars, the accounting firm, not at the president. It reads in part, quote here none of the materials sought by mass sar subpoena regard executive privilege or seek president s actions taken in an official capacity. The president s private attorney jay sekulow says the next stop here is the high court. Sekulow saying the decision of the Second Circuit will be taken to the supreme court. The issue raised in this case goes to the heart of the republic. The constitutional issues are significant. Mazar said they will in a statement will follow the instructions. Mazar usa will respect the process to comply with its legal obligations. We got a brief outline what the president said, questions about the whistleblower. You will hear about the president s comments we believe turned around at any moment. Melissa. Melissa blake, thank you so much. Were waiting for president s comments. Well bring the video as soon as we get it. Meantime doing the math. The wall street journal taking on numbers behind Elizabeth Warrens 52 trilliondollar medicare proposal saying quote, warren has a fantasy plan. Her savings ideas bear no relation to reality. Dan henninger from the wall street journal. He is also a fox news contributor. I feel like Elizabeth Warren thinks that math is a rightwing conspiracy. She doesnt believe in numbers or making anything add up. What was your take on this . I think the assumption would be that Elizabeth Warren never thought anybody would check her math but here she is Harvard Law School professor. You hand in your papers, people go through the numbers. As we wrote on the editorial page, we thought Donald Trumps suggestion that the mexicans would pay for the wall has more credibility than her medicare for all plan which is not adding up. She proposed things, she says the math work because she will be basically eliminating medicare, medicaid, state payments for medicare. So that will save trillions of dollars but it still leaves a big trillion dollar hole despite the elimination of those programs. Even assuming any of that would ever happen. So she has been going forward, proposing a whole new raft of taxes. She will raise the Corporate Tax back up to 35 from 21 . She will put another tax on top of her wealth tax. She will tax unrealized Capital Gains for the 1 . Eventually you just add it all up, you see its a massive tax increase that still doesnt fill the hole in her plan. Melissa one of biggest holes that you point out is that idea that you know, Insurance Companies pay so much to the hospitals. Forgive me. Well listen to the president right now. Terrific people. Were heading to the adolph rupp arena. It is packed to get in. It will be a great evening for governor bevin. Its a tight race. Well see how that works out. I think he has done a great job as governor. I think it will work out good because of that. Well have a little influence. Well see how it is. We have many thousands of people, more than they have seats. So it is really great. Today the stock market hit a new alltime high. All three, we had nasdaq, we had s p, we had dow. We hit a alltime high. That is many, many days that weve hit alltime highs in the administration. So it is really very good. Reporter mr. President , was Maria Yovanovitch of a smear campaign. Talk up, please . Reporter was Marie Yovanovitch the target after smear campaign. I really doesnt know her. The president of ukraine was not a fan of hers either. He did not say glowing things. Im sure she is fine woman. I dont know much about her. Reporter told lawmakers you look at transcript. The president of ukraine was not favorably inclined. Reporter she said she had concerns about Rudy Giulianis role. Reporter [inaudible]. I think that the whistleblower gave a lot of false information and you have to see who the whistleblower is. Once i released the transcript which was almost immediately the whistleblowers report was very wrong because as you know, the whistleblower covered mostly my transcript, my call, my call with the president of ukraine. So once i released that call, i released a very detailed version of that call. All of sudden whistleblowers report was incorrect. The whistleblower seemed to disappear. I wonder what happened to the second whistleblower . What happened to the informant. They disappeared once i released the report. The fact nobody thought i would release the report. In addition to the report, you ukrainian president made a strong statement there was no pressure. There was no anything. The foreign minister from ukraine made a equally strong statement that there was no pressure. So, look, nobody thought i was going to issue the report. I hate to do it because i dont like to issue conversations with foreign leaders. Not fair to them. But we sought their approval. We got their approval. We issued it. That was it. Reporter do you know who the whistleblower is . Do you know who the whistleblower is . Reporter [inaudible]. Were looking into that. Well see. Go ahead. Reporter [inaudible]. We are looking at arms control right now. Were dealing with china. Were dealing with russia. I think they would both like to do it, especially as were talking about nuclear weapons. But we are looking at a major arms control, kind of an agreement right now with russia, china, maybe somebody else. Thank you. Going to kentucky. Reporter why wont you release your tax returns . Reporter [inaudible]. Watch. Reporter why not release your tax returns . Your tax returns . Reporter [inaudible]. Melissa that was President Trump answering a lot of yelling questions from reporters. Lets bring in Dan Henninger for a Quick Reaction to that. Covered a lot of same ground as before, but what do you hear there . Well i heard a president who basically decided he is going to defend himself against all these charges. You have to give him credit. Goes out there on the white house lawn. Takes any question they throw at him whether about ukraine, the tax returns. Gives an answer. Theyre probably not happy with the answers. Were looking at a hyper politicized environment. We are talking about the impeachment prospect of the president of the united states. The impeachment is one of the most serious political acts in our politics right now. But they have held the hearings in secret. They looked the results out. The press gets those results, then presents them to the president. He stands there to try to defend himself as best they can. I think the poor American People are left to sit out there make what of it . They make what of it, whatever they can. Melissa released first wave of transcripts from the hearings. Hundreds and hundreds of pages. You go through it. It is pretty boring. Dan, thank you. Connell . Connell midst of all of this, we talk about the state of manufacturing in the state of pennsylvania where we are today. President trump promised to bring back bluecollar jobs to the state. He found initial success when he took over, after a strong start in the early days of presidency, manufacturing started to cool. This state as lost more than 5000 jobs in the sector. Today were visiting a company here in Chester County where weve been throughout the day. It specializes in automation and the ceo of that company is with me, greg sulke. Thanks for having us. Thank you for coming. Connell one of the cooler backdrops after the bell ever had. This guy over my shoulder. I will talk to you about it. Manufacturing, is one of the areas were interested talking about. Youre connected to the manufacturing sector. Tell us how it is doing. Our customers are primarily manufacturers. We do business within a 200mile radius of the general philadelphia area. So it is obvious it is important to us and what we provide are, we assist them finding ways to be more efficient in their manufacturing. Generally through some form of automation. Connell youre providing some form of having them do the job easier. Yes. Connell talk about interaction between the Human Element and all of that. Is that a fair characterization, when President Trump took over, manufacturing first year or two was doing well and jobs were coming in. Feels like things started to shift. What sense have you saw. We definitely saw a boost immediately following the election. There seemed to be enthusiasm in the industry. Manufacturers were definitely, more energic what they were doing. So 2017, 2018 were very strong years. We have definitely seen a softening coming into this year. Sometimes seems that the uncertainty in washington sometimes affects decision making. We are, you know, our business is reliant on Capital Spending from the manufacturers. Connell right. If they hold back a little bit we see it affect us. Connell china trade or other issues . Could be china trade. Any kind of confusion in washington, you know, discussions over the impeachment, things like that. We suspect may be causing some of that. Connell interesting. Tell me a little bit about this company. Funny. Connell anytime we do a story, automation or robotics, there is fear for people, theyre coming for our jobs. Right. Connell look many of our subjects it is more complicated than that. Tell me how the Human Element interacts with automation making it easier for companies . From the standpoint how it affects employees, weve been doing automation for a very long time. I dont know of a single situation where we have displaced a worker. Connell smart . Just the opposite. What we do get involved either with things humans cant do because of speed or precision involved or they shouldnt be doing because of ergo mom i can issues, thinks like that. I like to use the term higher and best use when it comes to employees. There are much Better Things to be doing than very mundane tasks. Sitting at a machine, feeding a part in. Those are much easily better down by automation. Connell that brings us to the skills gap, to be fair . Sometimes. Connell what do we need to do better, pretty broad question in short amount of time what do we need to do better to put them in an advantage of that environment . Were fortunate in Chester County. Three technical high schools are addressing needs for the trades. Getting young people involved in trades. It is definitely an area where there is probably too much emphasis on College Educations and not enough on the maybe the twoyear trade program. Connell really on the trade schools . That is something you support . Absolutely. Connell if we take wide enough shot to see this puppy behind us doing the work. What is that actual robot doing, the one behind us . The one is product we manufacture called the palletizer. It is a palletizing robot. It is made to go to applications where they use a human to put boxes on to a pallet. Ergonomically that is not the best thing, stooping so forth. This robot is happy to work 24 hours a day, seven days a week putting boxes on the pallet. So that human can be used for a much better task. Connell great to have you in. Thank you very much. Connell great backdrop for the show. We appreciate it. Melissa. Melissa uber down 4 in afterhours trading following results from the third quarter. Lets go back to susan li who just got off the phone with the ceo. Hey, susan. Susan we heard from Dara Khosrowshahi who is guiding us. Profitability is a question on a lot of investors minds. When will they finally make money. On the call, they said they would be profitable on adjusted ebitda. Earnings ace sis adjusted for the year 2021 what uber is targeting. Does this target a resolution in the california bill make drivers possibly being categorized as employees, not just contractors which some say will hurt the business model. Dara says, they are anticipating that they will still be profitable despite out come in california. Will this be taken across other states . They say at this point they dont anticipate that happening. California is 9 of rides or eats. There is a better solution than this ab5 bill which will categorize drivers as employees, not contractors. Theyre working through it. They dont see it impacting the business just yet. What about the lockup period . We know early investors sell out of their shares on wednesday . Ubers ceo says there is no particular amount of shares that they see hitting the market. They dont know how many will. They see sideline pentup demand for the stock if and when it hits the market. That sounds pretty positive. Back to you. Melissa susan see you at top of the hour for all the details on bulls bears. Plain chicken. Popeyes taking a potshot at chikfila. Which fastfood chain will prevail . Connell, what do you have . Connell the path for 2020 leading through the suburbs like one were here in southeast pennsylvania. What President Trumps plan is for reelection. Well have details on it. What the keys are later this hour. We continue live from pennsylvania, the swing state economy. Well be right back. Actually from credit cards. Its just not right. But with sofi, you can get your credit cards right, by consolidating your Credit Card Debt into one monthly payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right with sofi. Check your rate in two minutes or less. Get a nofee personal loan up to 100k. Get a nofee personal loan do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on so why isnt it all about you when it comes to your money . So. Whats on your mind . We are a 97yearold firm built for right now. Edward jones. Its time for investing to feel individual. Here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Melissa fox business alert. Shake shack plummeting after hours. Oh, no. The company missing wall street expectations for samestore sales and outlook for next year. Higher traffic in the restaurants helping lift comparable sales for the quarter. Mcdonalds down on an up market day after ceo steve easier brook was fired for having a relationship with a subordinate. Grady trimble outside the headquarters in chicago with the latebreaking details. Reporter not a good day for the Burger Companies apparently. The head of hr is also leaving mcdonalds. The company wouldnt say if it is related to easterbrooks departure. Easterbrook is not here is details of his severance package. I apologize, i want to show you mcdonalds stock. It was hit pretty hard, closing down 2 and 3 4 after pretty good day for. Easterbrook, his severance package includes stock worth up 37 million according to bloomberg. Includes six months in pay, amounts to more than half a million dollars. As part of the plan he cant work for a competitor two years. Easterbrook acknowledges he made a mistake. Admits having a consensual relationship with another emproe ed rensi commented on his departure in interview with neil cavuto. Anytime a superior of the company is dating a subordinate that has debttry men al effect on everybody around him. I think the board acted quickly. I think the consequences are correct. Reporter we should point out mcdonalds did pretty well uneasterbrook. The stock doubled while he was ceo. He started back in 2015. The most recent Earnings Report came up below expectations. New ceo hoped to fix that. They named quickly his replacement, Chris Kempczinski previously oversaw fastfood operations for the chain. Melissa grady, thank you. Netflix rolling out a new innovation of sorts for seth meyers latest comedy special on the streaming service, giving a button to skip past the trump jokes. The comedian said it was his idea. Jack hough from barronss. Comedians long included politics in their jokes, to so many people it is just not funny. Why not eliminate it instead of having a skip button. He is funny. That is his whole act is jokes by the president. They should have button for only jokes by the president. I cant imagine the audience, i love seth meyers, dont make fun of my president. Im not sure that audience exists. It is funny. Instead of hitting the channel change button or instead of hitting menu to go back streaming something else, skip forward, to see if you can take it until the neck joke . I will get this as one of the big met at that jokes you ought to be able to hear, making fun of the president without getting too worked up about it. I might not be smart enough to get it but i think its a joke on top of a joke. Melissa exactly. While i have you here, i want to ask you about this popeyes bringing back the wildly successful chicken sandwich on sun no less. That is a jab at rival chikfila whose stores are closed on sunday. What do you think of the chicken wars . I cant help but think, mentioned mcdonalds ceo losing his job over that relationship. Why couldnt he find romans at a popeyes . He would still have his job. Mcdonalds stock would not be down 3 . He would be at the front of the line for the chicken sandwich in case they ran out again. Melissa i love the idea. I think the mcdonalds thing is more than meets the eye what were being told on that story. With popeyes last time they gave out the chicken, bring your own bread. They ran out. Chicken is very popular at the same time were talking about all the fake meat. They promised to have supplies, that theyre not going to run out this time. Melissa, ive been hurt before, okay . Im not sure im ready to get back on that line again. I might give it a couple days, watch, see what happens. Melissa you can probably live without your chicken. Well see. Melissa well see about that. Jack hough, thank you so much. Thank you. Melissa more coming up from pennsylvania in a moment. Connell . Well be looking, melissa at the politics of the swing state economy from a little bit of a different angle, what edges the can date over the finish line in minds of voters in important state like this one, personality or performance . Swing state economy, first of three states in three days. Well be back from pennsylvania. Each day our planet awakens with signs of opportunity. But with opportunity comes risk. And to manage this risk, the world turns to cme group. We help farmers lock in future prices, banks manage Interest Rate changes and airlines hedge fuel costs. All so they can manage their risks and move forward. Its simply a matter of following the signs. They all lead here. Cme group how the world advances. I am royalty of racing, i am alfa romeo. Hey fred its medicare open enrollment. E. Time to compare plans. Were fine with what we have. 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Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. We chose eleanor. It was greatgrandmas name. So were in this little town near salerno and everyone has dads eyebrows. Help your family discover their unique story, with a gift from ancestry. Or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Personality wise, i think theres some things he could do better on but it doesnt bother me. I believe his intentions are for the country to do good for the country. Okay, and the best thing about it is what . The best part about the three years so far, the Trump Presidency is what . The economy. Right. The economy. Connell all right, personality versus, you know, performance. Talked a lot about that since we have been in this area, voters have been talking to us about in fact in the suburbs of philadelphia throughout the day. Here in Chester County, voters traditionally have leaned a little bit to the republican side, went for romney as an example in 2012. That started to change. They swung to Hilary Clinton by 26,000 votes in the last election. The Trump Campaign knows they must at least i guess limit the losses here a year from now in 2020. They are trying to win back some suburban voters who may have wept to the other side went to the other side especially women voters with an economic argument. The Campaign Launched what they call women for trump. It was a message that was launched not far from year over the summer. Laura trump was there, headlined an event at the wellknown mall in the airway, which area, which is in montgomery county. The president s daughterinlaw argued people were paying less in taxes and had more money since the president took office. Heres a 2016 Trump Campaign surrogate and was at that event. You were at that event over the summer . I was at that event. Connell whats that argument . I bring it up because we have talked to so many voters. Over and over, that woman happened to be pro trump. On the other side they brought it up as well, the personality of the president versus the performance. I think we have to get into facts over feelings because he has done so much for the american women. Statistics speak for themselves, 600,000 women have been brought out of poverty all together. The Unemployment Rate is below 3 , 2. 5 million women have reentered the workforce. What about School Choice . The tax credit has doubled. Women are seeing 2,000 per child. These facts benefit women and benefit them specifically. Connell is that argument sinking in with women you speak to because i will tell you just anecdotally, off the top of my head, there were two women who stood out that we spoke to yesterday, we went up to them and said how is the economy . Both said terrific, it is great here. They said they wouldnt vote for the president. One said he doesnt set a good example for my daughter, clearly someone who was not considering to vote for the president. Who do you make an economic argument for someone who is looking at different factors . I think that womans daughters life is probably better under the president. Thats why women for trump is so important. We feel a sense of empowerment now, instead of Hilary Clinton making us feel like we dont matter, we are just stupid and listening to what our husbands say, we are empowered by women for trump. Were going out to our communities. Were holding roundtables. Were discussing things with women across the country, in our towns and knocking on doors. Thats what this is going to take. Of his 2020 reelection committee, 13 of 26 people on that are women. Those women are mobilizing other women. We have amazing people, like laura trump and others, they are getting out there and talking to people. Thats when you have to go back to those facts. Connell whats a win for the president when it comes to women voters . A lot was made about the fact he did relatively well with white women voters last time around. We break the segments down so much. Right. Connell whats a win with overall women voters . I dont think the Trump Campaign would necessarily expect to win the women vote. You try to limit the losses . Whats the goal . Getting women out there that are supporters of the president and sharing the message, registering to vote as republicans, speaking to those people in your community, waking up those people that may not have voted before, telling them your point of view, effectively why your life is now better under President Trump. Connell tell me about this area. We were talking before you came on that you are from around here. Ive lived here my whole life. Connell an important state now and it looks like it will be again. How are things going especially when it comes to the economy in this area . Things are going well. The county is different than the city. The city is very very blue. We are trying to mobilize voters there. Out in the countries i think it is about getting that message out. Connell how does it feel to you, how about the economy . I was ton 16 campaign. I was on the 16 campaign. I went around pennsylvania with ivanka. I was talking to voters one by one. I saw they said im an immigrant and i support the president. Im an africanamerican woman and i support the president. I see that happening again. It is the same women and same people. Our president is prone to a certain way of talking and tweeting. Thats why we voted for him because we have direct access to him. I think the people here feel that and appreciate that. Connell we saw in the polling today, is he does poll much better in the key battleground states. He does. Connell than he does nationally. I was looking at who women are donating their money to, of all the male candidates, 46 for trump, 40 for biden and then in the 30s for buttigieg and bernie. Trump is getting the highest level of donations. That has to tell a certain story. Connell the money sometimes does. Try to follow the money. Good to see you. Thanks for coming in today. I guess thank you for having us in our area. We appreciate it. We love having you here. Connell all right, its been an interesting day up here in Chester County, in pennsylvania. Were just Getting Started by the way. Melissa absolutely. Connell, its always fascinating to me when you go out and walk around and actually talk to real people and get out of our news bubble what was your biggest take away from pennsylvania . Connell i think that what we just talked about a little bit at the beginning there, this idea that if you walk up to someone in a suburban county in philadelphia. This might be different in some of the rural areas which i think is interesting, almost person you speak to if you ask about how things are going, they say they are going well, the economy is performing well, people are working and making more money, generally, spear a bit concerned about the generally, they are a bit concerned about the future. When you get to politics, thats when you see how split these swing counties are. A woman i spoke to a moment ago, how are things . Great. What about the president . No chance. Same woman that you saw on the screen, the opposite says well, lets not focus on that kind of stuff. Thats a distraction. The fact is the economy is doing well. And he should be rewarded for that. That kind of split that we dont see when you go to some areas that are really blue or really red, you do see here. Thats the battle thats going on. Melissa i wonder the woman who said she would never vote for President Trump but she likes the economy, if she looked at if warren were the other candidate and you are hearing things like im going to blow up the entire Healthcare Industry and take away everyones insurance and her sort of radical ideas, if it sinks into those people that how much the economy would change. I dont know, did you talk about that at all . Connell a little bit. I thought a little bit of that showed up today, a little bit, whereas joe biden still performs better headtohead with the president. I mean his lead is much smaller than it is in the fox poll nationally, up 12 nationally, up 3 in pennsylvania. Warren was dead even. Theres a few points there one way or the other where people have to look at it and make a choice at the end of the day. We did to talk some middle of the road voters. There was one i think we played part of it on the show earlier today, as i said to the congresswoman, she said she had been moving more in her policies towards republicans but because she doesnt quote unquote like the president personally, she wants to find a democrat to vote for, but she cant. She thinks biden is too old and this and that. They cant find one, so she may go back to the president. Melissa that is interesting. Connell i will be in michigan tomorrow, birthplace of the reagan democrats and were in wisconsin on wednesday. Should be fawn week. Should be a fun week. Melissa absolutely. Bulls bears starts now. We had nasdaq, we had s p, we had dow, we had alltime highs, and thats many many days that we have hit alltime highs in the administration. President trump just touting the strength of the stock market today. All three major averages closing at new highs on the same day for the First Time Since mid july. This and so much more tonight on bull bears. Im susan lee. Joining me is jonathan hoenig, zachary karabell, Gary Kaltbaum and liz peek is here as well. President trump cheering the economy as a value of american businesses in the three years he has been in office and has