Transcripts For FBC Risk And Reward With Deidre Bolton 20171

FBC Risk And Reward With Deidre Bolton November 20, 2017

Sued to be blocked by the Justice Departments antitrust division, having an affect on Corporate America and pending deals. Including our own attempts to sell assets, what it would mean in terms of antitrust, all those deals right now are being recalculated and looked at. Whether these if the Justice Department is not allowing this one to go through, everyone thought it was a slamdunk from antitrust stand point. Would they allow disney to buy foxs studios. They would controls large portion of box office. And comcast to buy content. Will thig they allow verizon toy our content, because they have distribution. It looks like the Justice Department is taking another view of the antitrust. Another aspect. Crazy political cob, donald trump as candidate one said he wanted a spinoff of cnn if this deal of the going through, he said it was too much construction of power, people thought it was a idle threat, but senior aides were actually discussing this topic. By current senior adviser. And others inside of white house, there are two stories, we know that donald trump does not like cnn. If you combine that with aspect that people really think that antitrust ground of this are flimsy, this is were in like real unchartered territory in terms of stopping the deal and the ramifications, this is huge story. Liz this is a bombshell, charlie, were grateful you are on the story, we may need to come back to you in the hour. Ill be at the gym, call early. Liz all right, art lapre with me now, if the courts reject this, the ceo of at t is going to fight this one, this is a battle royal. You have you know senators frank efranken and Elizabeth Warren saying there is anticonsumer. By the thing about president weighing in looks like number of news outlets will not be reduced it is just cnn switching ownership. Right, it just i dont see what that impact would be, art . I dont know to be honest, i am always impressed by charlie gasparino, when he gives a story this is serious stuff, ita amazing. I dont understand the antitrust division in this case, this does not make sense to me, it is a lively 1 doctor full story. Lively wonderful story. I dont know. Liz remember when ibm was going to be huge, then microsoft blew that off, and confident netscape, and. You are right we have a new antitrust sheriff in town, in the doj, im not sure this is the way to go. Do you remember they broke up Bell Telephone systems and all of the baby bells, antitrust has always gone through swings and always supported by the left. It does have an affect but not nearterm on the u. S. Economy, but longterm, more competition is always better. A great point, you wonder with this, talking about battle royal, Justice Department looks to sue to block the at t and time warner merger, do you think that at t could try to subpoena documents out of the white house to see how Trump Administration has been talking about wil the deals . I have no idea, i am not a lawyer. And interesting, mueller now, there should be two or three competing investigations, dont you think. Liz yes, thank you, art lapre. Lets get rid of them all, and get on with business, get tax cut in, lets get growth in this economy and well all be happy eating steaks and hamburgers and enjoying life. Liz listen, well talk to congress in a moment, you talk about tax reform, have 5 to 7 senators pos ebb possibly on the fence. We need growth what is going on. Not senior bloomers, dont knock senior bloomers i can one. And why isnt the democrats doing this. The reno one is getting anything reason is no one is getting going done is not one democratic vote comes for any of this good stuff, how did they do it . How do they expect to get elected if they dont do anything pro growth, they are just antitrump. Liz your point is so important, there are 10 blue dog senators, in states that trump won, nobody is talking about how recalcitrant that democracies have been. You are right in 1981, we have a democratic and a republican cosponsor of each of the bills. One was a spending bill the other was a tax cut bill, we got tons of democrats to vote in 1981, what is with these democrats, they need growth, they are part of the process, they are most Wonderful Party on earth, only when they do this stuff, they are awful, i wish they would be pro american, and pro growth and pro jobs and pro higher income. Not one has broken that is ridiculous. Liz ted kennedy was for growth. 86 act he voted for. There were 3 senators that voted against it, 97 senators voted for it, including cran stan and al gore, and bill bradley and teddy kennedy. Joe biden, even voted. Liz al gore. There you go. Good to see you art. You are doing a great job, thank you. Charlie is amazing, tell him, would you . Liz i will, well have a press conference about Justice Department to file suit to block the mega 85 million deal that at t wants to acquire time warner, a court battle royal unfolding. We have domestic and geopolitics on market 41 burner. Front burner. North korea could reacting, with more aggressive missile tests, we bring in chair fox business contributor congressman jason chaffetz, what do you feel about north korea. It is mystifying why they were taken off the list at one point, they have to put them back on. There was always evidence along the way they were engaged in this a state sponsor of terror, this is appropriate to put them back on. They will continue to ratchet up sanctions tomorrow. The deputy of treasure will announce new sanctions, that begs question, why are we still ratcheting it up. It should have been maximum of maximum a long time ago. Liz now Germany Coalition government in collapse. Warning about terror threats from isis. That refugee and my grand surge not helping germany. Western europe is in trouble, even here in u. S. , we have to be vigilant. Isis wants death and destruction to u. S. Of america. Liz isis prop pan propaganda. The propaganda of the pope being beheaded. Also, 4 women stepping forward describes a range of similar experiences, from unwanted groping and kissing to yes, they said, wet kisses out of nowhere. They played out under influence of alcohol, looking at New York Times stock today. Trump goes after women reporters, if you are a colleague of Ashley R Parker or mag from New York Times, you look at this tweet out it is beyond, what do you make of it . I am glad were elevating the discussion, no person which have to put up with someone making up wanted advances to point of touching, pushing and doing things you should not. I dont care how famous you are if are a reporter or under the influence of alcohol, this is not a discuss. I am glad to see this sudden awakening that it is not appropriate. It was not appropriate when president clinton was doing it in oval office. Liz Monica Lewinsky was just 7 years older than his daughter, chelsea. And now i think that debate with whether it was brave, it was brave to step forward and do that. Look, she is comes to right conclusion, but when did this revelation come to her. She has taken their money, what was the sudden point senator when you actually said, oh, the groping of women is not appropriate. It is the right conclusion, but some of us were there 30 years ago. Liz and mika speaking out about bill clinton as well, and other woman againstal franken. After al fght was elected senatr reportedly in 2010, and saying he inappropriately touched her while posing for the photo, al franken saying he the not resi resign. I feel badly that she came away from this feeling disrespected. Senator Bernie Sanders avoiding saying whether or not colleague frank efrank 7en should resign. That is say decision for al franken and people of state of minnesota, my understanding that al is a popular senator, people in minnesota think he is doing a good job. His political future will rest with the people of minnesota. Liz a lot of other democrats like liz warren going after al franken. It is a broader story. He, if you really carefully read what he said, he didnt deny it, he just said, i feel bad, if she was feeling disrespected. But he did not answer the direct question. Liz he did not remember. I took pictures with thousands of people at the state fair, did he or did he not . Is that common practice . Look, if there is a legal question, then go to Law Enforcement. If there is a political question, i dont know that Senate Ethics committee can answer questions prior to his engagement in u. S. Senate. But this latest one happened while he was a u. S. Senator. Liz you think he should resign . If he did it yes. Liz senator bob pack wood he was the pushed out. Why should we put up with the sexual predators, have some guts step out. Liz thank you, happy thanksgiving. Thank you. Liz breaking news, Justice Department getting in between a big 25 billion deal, well be on the press conference, it has to do with at t buying time warner, Justice Department is expected to block the deal via a lawsuit. At t stock trading up and time warner down. This story for you, lavar ball father of one of ucla basketball players, he is now attacking President Trump. Saying that President Trump does not deserve any credit for getting his son out of china. We bring in Lieutenant Colonel allen west, he is here to react, next. Liz justice didnt getting in between that big 85 billion dollar deal between at t. Next story. They are trying to make a big deal out of nothing. I have seen a lot worse happen. I was taught, leaders should take responsibility. Things on as such. Little bit at hot button issue, a reflect on him, he would have a son to go to a fore uncountry, understandings their rules, i am sure they are the laws. Liz opportunities have been released without president s help. China is very sphri strict wr laws and enforcing those laws. I dont know if i dont think if they have any influence they would still be sitting there. Liz lets get to topic, connecticut democrat, quick out of the box to attack President Trump for months, adding his two cents saying that President Trump is racist, saying that colin cappe kaepernick. And representative wilson, lavar ball, apart from hillary clinton, the intensity of his attack cor correlates with skin color. That is fall back position of progressive socialist left, when they cant come up with any issue, they go to racist, i could say the same about rahm emanuel, sitting back allowing thousands of young blacks to be killed in chicago, and we could talk about planned parenthood, a known white supremacist, and a racist, we could talk about how so Many Democrats including hillary clinton, bill clinton, and barack obama praised robert byrd jr. , a grand wizard of clue kkk. Thank you, colonel. Happy thanksgiving. Back to breaking new, Justice Department looks like it will get between a big 85 megabiell between time warner and at t. Were going to bring you the press conference scheduled live, at t calling for that press conference, we will hear from the ceo Randall Stevenson. 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Start where theres a commitment to analyzing the latest research and conducting clinical trialsto help each patient get the personalized cancer care they deserve. Start at one of the Cancer Treatment centers of america hospitals near you. The evolution of cancer care is here. Learn more at cancercenter. Com experts Appointments Available now. Liz were waiting for the at t time warner press conference, happening momentarily. The ceo Randall Stevenson will address the latest development. With me now, jason rothman, fox business david asman. Jason, i was talking to david at break, Elizabeth Warren and al franken dont like this deal, but Trump Administration is suing to block it. Two senators dont like it, saying it is antiwhic anticompe, will at t bring in President Trumps tweets, saying that cnn is fake news. I think we need to throw at t a bone, let this go through. At t has been having a lot of legal trouble trying to grow company via mergers and act acquisitions like this, they have been denied. Something needs to change. This is a vertical merger it should go through. Liz not like cutting the number of news outlets, cnn will just change ownership. You are right, this is second time in 6 years that at t has been blocked. Justice department, 2011 blocked the acquisition of tmobile. David this is bigger, 108 billion, when democrats and republicans agree on something it scares me, i dont like it. And here is the june 21 letter from bunch of senators includingal al franken and liz warren outlining case against merger that is same position that white house Justice Department is now taking. You and i are big free market people, we dont like it when government inter fears with activity in private vector, this is sector, this is a huge bit of activity, they to have tremendous control over what and how we watch, but still for government to get involved and agree on legislative side and executive side is troublesome. Liz ibm got blown up by microsoft and netscape too after the Justice Department will weigh in on antitrust actions again ibm and netscape years ago. To david a points, really, would a lawsuit benefit the consumer to block this deal . The answer is no. One slightly analogous situation where a huge deal did go through, i thought you would refer to this microsoft and nokia. Not the same, but sometimes the multibillion dollar deals are better for consumers they create a better product, not good for the companies. Who is the Justice Department say they know the future, they dont, let if go through. David we didnt know what was happening 5 years ago about the way that information and entertainment received from people. How can the government figure out what is going on happen 5 years from now . Maybe this deal will strangle at t in a way. Sticking them with old technology, there is so much new technology. For government to assume they know more about the future what is good for the consumer 5 or 6 years from now is nonsense. I think their Predictive Power are so false in the past. Liz remember they were worried about blockbuster. Right, and how long did that take them to go underground because of way that technology changed. Technology is changes faster than certainly any bureaucrat, whether they are republicans or democrats. And again, the fact that both democrats and republicans agree, that is a problem for the good thing. Liz the way it has been reported politicized because the President Trump saying cnn is fake news. David again, there is a problem when anyone in government says because i think that way is something is being reported is slanted. It could just as be a democrat in office, saying he does not like fox news, he will block fox news from doing something with their. Come on, the main thing is that the government is trying to predict what good for the consumer in field of technology, when the engage has no way of whether the government has no way of predicting that. Dont put government in charge of our future, put it in hands of private sector. Silicon valley condition even predict cant even predictism bingo. Liz thank you, david. Were waiting a press conference at 5 30, the deal to be blocked by Justice Department. A Border Patrol agent has been killed in texas as President Trump doubles down on a push to build a border wall, we bring in supervisor david ward, he said that agents are under attack. And media is not reporting it, they need help now, that story after this, dont go away. Lets get started. Show of hands. Who wants customizable options chains . Ones that make it fast and easy to analyze and take action . How about some of the lowest options fees . Are you raising your hand . Good then its time for power e trade the platform, price and service that gives you the edge you need. Alright one quick game of rock, paper, scissors. 1, 2, 3, go. E trade. The original place to invest online. Liz were awaiting the press conference from at t that the Justice Department is going to sue to block at ts 180 billion takeover of time warner, that is the home of tbs, hbo, game of thrones, ncaa march madness. Were waiting for at t ceo Randall Stevenson is apparently very upset about this. Wer

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