MARIA-02
Deal; Battleground Blitz; Printing Jobs; Earnings, GDP in Focus; European
Markets Flat; Asia Markets Mixed; World Series Takes Wrigley - Part 1>
Perino>
Bill McInnes>
Rebook 3D printing>
Acquisitions; Campaign; World Series; Rebook>
MARIA BARTIROMO, FBN: Good Friday morning everyone. Thanks so much for being with us. I'm Maria Bartiromo and it is Friday October 28. We're happy you're here.
Your top stories right now at 7:00 a.m. on the East Coast.
A tense moment on the tarmac to tell you about. Governor Mike Pence's plane skidding off the rain-soaked runway at LaGuardia Airport last night. We have reaction from both Donald Trump and Hillary Clinton.
At the top of the ticket, Trump and Clinton headed to the Hawkeye State today but as voters already head to the polls, concerns of voter fraud at the forefront.
(BEGIN VIDEO CLIP)
DONALD TRUMP (R), PRESIDENTIAL NOMINEE: There are 1.8 million people who are dead who are registered to vote and some of those people vote. So I wonder how that happened. There are 2.8 million, wait a minute Bill -- there are 2.8 million people who are registered in two states. That's not so good. Did you vote in two states?
MICHELL OBAMA, FIRST LADY OF THE UNITED STATES: If Hillary doesn't win this election that will be on us. It will be because we did not stand with her. It will be because we did not vote for her. And that's exactly what her opponent is hoping will happen.
That is the strategy -- to make this election so dirty and ugly that we don't want any part of it.
(END VIDEO CLIP)
BARTIROMO: We will talk to one Texas voter who cast her ballot for Trump already. But she says her ticket was changed to Clinton -- wow.
Plus the election takes a toll on the holiday shopping season. Why Americans are putting their plans on hold -- coming up.
Deals driving the action on Wall Street. Now General Electric is eyeing a major deal in the oil space. The Journal is reporting it is looking to merge its oil and gas business with Baker Hughes in what has been the busiest month ever for deals.
We're expecting results from some of the oil majors this morning -- Chevron and ExxonMobil on tap to report their third quarter. What that means for the sector coming up.
And broader markets this morning look like this. Futures indicating a gain of about 20 points on the Dow Jones Industrial average.
We are awaiting the first look at the third quarter GDP that is due out in about an hour and a half. We'll have the numbers for you as soon as they hit the tape. Economists are expecting a growth rate of two and half percent for the GDP.
In Europe stocks searching for direction this morning. Take a look at the major averages. As you see, not too far from where they ended the day yesterday. The DAX index down a quarter of a percent right now, 29 points lower.
In Asia overnight, mixed performances there as well. The one winner, Nikkei average in Japan, up about two-thirds of 1 percent.
Facebook gets into the Halloween spirit -- how you can join in on the fun without putting on an actual costume -- lots of fun. We will tell you about it.
All those stories coming up this morning.
And joining me to talk all about it: Fox Business Network's Dagen McDowell, Riverfront Investment Group chairman and CIO Michael Jones is with us; and pollster Lee Carter.
Great hour so far -- guys.
DAGEN MCDOWELL, FBN HOST: I can't wait for the guests coming up. I'm not giving any away because you're going to tease them in about two seconds.
BARTIROMO: Yes, we're about to. Some great guests this morning joining the conversation: the co-host of Fox News Channel's "THE FIVE" and the author of "Let Me Tell You About Jasper: How My Best Friend Became America's Dog" Dana Perino joining us; the brother of Alec Baldwin, actor Stephen Baldwin is with us this morning; former deputy chief of staff to President George W. Bush, Karl Rove stops by; and former House Speaker Newt Gingrich also with us this morning. Big hour ahead -- you don't want to miss a moment of it so do stay with us.
We take it off right now with trouble at the voting booths. Early voting is underway in numerous states right now. And already people are having issues. Some Texas voters are reporting problems with the electronic voting machines that have replaced traditional paper ballots.
Donald Trump, who for months, has insisted that this election is rigged tweeted this yesterday, addressing the vote-flipping claims, asking the question, "What is going on?" Trump told Bill O'Reilly last night on "THE O'REILLY FACTOR" on Fox News that he can't reassure voters. Watch.
(BEGIN VIDEO CLIP)
TRUMP: I think things are going on that aren't good. And I think you look at Texas, a lot of calls were made from Texas, an incredible place, I love Texas. And the lines are massive and they were talking about flipping, you know, where they press the button and they pressed it for me and another name comes up named Crooked Hillary Clinton.
(END VIDEO CLIP)
BARTIROMO: Joining us right now is one of those Texas voters -- Lisa Houlette is with us, the woman in Amarillo. Lisa immediately took to Facebook to warn others about the incident saying be careful and double- check your selections. She is here with the Trump campaign senior adviser AJ Delgado.
Lisa -- thanks very much for joining us. Tell us what happened when you went to vote on Monday.
LISA HOULETTE, TEXAS VOTER: I went to the voter booth, put in my code and scrolled and selected straight Republican ticket. And continued to scroll because I thought I was finished and before I went to the second page I noticed that Hillary was highlighted also.
So I went back up and tried to correct and I was one unable to so I scrolled to the second page, went back and tried again. My husband was at the booth next to me and I know you're not supposed but I whispered and said "Gary something is wrong".
And he gave me that look like we can't talk right now so I made one more attempt to make the correction on my own and couldn't. So I called in -- asked for an election worker. She came over and I showed her the inconsistency and I told her I wanted to select from and I couldn't and Hillary was highlighted.
So she turned and asked for the election judge and he came over and he did something. I was able to select Trump and go ahead and scroll to the last page where it summarized my selections. And then I cast my ballot.
BARTIROMO: So she did do something to fix it and you were able to cast the right ballot. Did they explain what was wrong with the machine?
HOULETTE: No, I didn't ask. But no. They were very helpful and very kind but no.
LEE CARTER, POLLSTER: And they seemed to know exactly what to do.
BARTIROMO: In other words, did it seem like it had happened before, the fact that they knew exactly what to do? Did it seem like it had happened before at that particular polling station?
HOULETTE: No. I don't think these workers -- I don't think so. No. I don't think that they acted like it had happened before.
BARTIROMO: Wow. Adding to this rigged election claim, yesterday Donald Trump was in Toledo and he questioned why we were holding an election at all. Listen to this.
(BEGIN VIDEO CLIP)
TRUMP: And just thinking to myself right now, we should just cancel the election and just give it to Trump -- right. Why do we even have elections? Why are we having it? Her policies are so bad.
(END VIDEO CLIP)
BARTIROMO: AJ on set with us this morning. What do you think about this? I mean obviously, you know, what he has been saying, just listening to Lisa in Texas is ringing true.
AJ DELGADO, TRUMP SENIOR ADVISER: Well Lisa's story is highly concerning - - right? Regardless of whether you're Republican, I would hope even at Democrat. This kind of validates what Mr. Trump has been saying is we have to be vigilant to these types of -- and thank goodness Lisa was -- to these types of potential irregularities. They are having -- there are several active voter fraud investigations going on right now across the so this is a concern.
And the fact that all we're seeing is we want every vote to count. Mr. Trump has been fighting for every American's vote and we want those votes to be counted and the process to play out the way they should. What happened to Lisa in Texas, that doesn't sound like the process is playing out the way it should.
MCDOWELL: Ultimately though it's the campaign's responsibility because every presidential campaign has lawyers on the ground in states to monitor problems in the voting booth and it is the campaign's responsibility to educate the voters in cases this actually happens.
DELGADO: No, we don't handle the machines. That's not -- the machines are not our responsibility.
MCDOWELL: I didn't say -- I didn't say machines. I said that they have lawyers on the ground to make sure that there are no problems in the voting process.
DELGADO: Sure. And poll watchers, which is what Mr. Trump has been saying. Let's allow the average -- we do allow but let's encourage folks to go out there and keep eyes and ears open. Maybe somebody like Lisa who comes out and says hey something went wrong but I didn't speak up.
MCDOWELL: What I was going to finish saying is that the campaign needs to educate voters as to what to do if you go in the voting booth. What do you do if this happens to you?
MICHAEL JONES, RIVERFRONT INVESTMENT GROUP: AJ let me ask you something. You know, if this had happened in Illinois or New Jersey, you know, I think the notion that it could be part of some larger conspiracy might be more palatable. But this is Texas. It's Amarillo, Texas. This is every elected official, every poll monitor they're all Republicans and very committed Trump supporters. How could this be anything other than maybe a computer glitch?
DELGADO: That's a good question but where do these machines come from? And what kind of irregularities have been possibly built in to those machines. I don't think we can write it off simply because it happens in a Republican county and a Republican voter experiences an irregularity and say well, that must've just been a glitch.
We're not saying anything has necessarily happened here that's nefarious or intentional but it is highly concerning. And like I said, even as a Democrat, everyone should be concerned about potential voter irregularities and make sure that every voter does not experience what Lisa experienced.
BARTIROMO: I mean Lisa went and she actually looked at her ballot and said wait a second this is wrong. But how many people just, you know, punch something in, right Lisa, and you know, they don't even look. They don't double check. What is the message to voters that you want to send today -- Lisa?
HOULETTE: Well, whether by design or human error, check your ballot. And I didn't want to cause a scene but ask for help. You know, go ahead. Not make a scene but ask for help.
BARTIROMO: Some people might be afraid to ask for help because they don't want people to know who they voted for.
CARTER: Well, it's so true. I mean I went to go vote here in New York in the primaries and I went to the voting station and they didn't have Republican ballots. They were like wait, we've got a Republican over here. And you're like, oh my God. There are only three -- you know, like, oh no, it's hilarious.
I mean you don't want people to know and I think --
BARTIROMO: That's why voting is private -- hello.
CARTER: And I also think that is why the polls are going to be so long because when you do an online poll you get a different result than the (inaudible) poll because people are not saying what they want out loud.
I've gotten people who are tweeting saying, I'm afraid to say that I'm a Trump supporter at work because my boss is so against Trump.
BARTIROMO: How many people have gotten beaten up by wearing Trump shirts and Trump hats?
MCDOWELL: Or fired.
DELGADO: Absolutely.
BARTIROMO: Or their house put on fire. It's unbelievable.
CARTER: And who's being called violent. Let's just talk about who --
MCDOWELL: You go into polling places in New York City and these people make DMV workers look like Google executives. You can't.
BARTIROMO: It's true.
MCDOWELL: And if they think you're a conservative you better run for the hills around here.
DELGADO: Oh, for sure.
MCDOWELL: In terms of how you get treated.
BARTIROMO: That is wrong.
MCDOWELL: I've been sent to multiple polling places where they couldn't find -- we have no record of you.
CARTER: I had to go to four --
MCDOWELL: Yes.
JONES: Three or four polling places.
BARTIROMO: Yes. This is such an important subject and I'm really glad we discussed it.
AJ -- thank you very much. AJ Delgado. Lisa -- can't thank you enough for coming forward and telling us your story. This is really important and we appreciate your time this morning -- Lisa.
HOUTELLE: Thank you.
BARTIROMO: Thank you so much.
Coming up next, the holidays right around the corner now. But Americans are not spreading the Christmas sprees (ph). Why shoppers are hitting the stores a little later than usual this year.
Plus Facebook scares up a little competition just in time for Halloween. The social media giant's response to Snapchat -- widely popular filter.
Back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Scary moments last night as the plane carrying vice presidential candidate Mike Pence slid off the rainy runway at New York's LaGuardia airport.
Here's Cheryl with all the headlines now -- Cheryl.
CHERYL CASONE, FBN CORRESPONDENT: Yes -- Maria.
Scary is the right here if you've ever landed at LaGuardia on a rainy night. Luckily nobody injured but the passengers including staff and journalists say that approach was pretty bumpy and the plane hit the runway hard before coming to a stop on some grass. Even more troubling the FAA says crushable concrete safety barrier stopped the plane from going any further.
Fox News producer Dan Gallo (ph) traveling with Pence was on board. Listen.
(BEGIN VIDEO CLIP)
DAN GALLO, FOX NEWS PRODUCER: It was the craziest landing anybody on this plane had ever experienced. It seemed like the brakes were being jammed on for the duration of the landing.
(END VIDEO CLIP)
CASONE: Well Pence says that he saw mud on the cockpit windows as all on board were evacuated. He tweeted his thanks to first responders. And then Donald Trump called his running mate before a rally in Ohio. Listen.
(BEGIN VIDEO CLIP)
TRUMP: I just spoke to Mike Pence. And he's fine. He got out. Everybody's fine.
(END VIDEO CLIP)
CASONE: And Hillary Clinton tweeting "Glad to hear @MikePence, his staff, Secret Service and the crew are all safe -- H."
Well this incident forced Pence to miss a fundraiser, we should say, in New York City last night but he does plan to resume campaigning in Pennsylvania and North Carolina today. The NTSB is investigating the cause of that hard landing.
Well, in Oregon, the Bundy brothers -- remember they led an armed group who seized a national wildlife refuge in Oregon? They were surprisingly acquitted yesterday.
(BEGIN VIDEO CLIP)
SHANNON COX: We have to say we are so grateful for the patriots and for those jurors who spent their time we know it's a great sacrifice. We are so grateful. We're in tears because we are so happy that they heard the truth. And they weren't intimidated enough that they didn't come back -- he had the right judgment. We thank God for that.
(END VIDEO CLIP)
CASONE: Well, a jury acquitted all seven defendants including group leader Amon Bundy and his brother Ryan Bundy. It is (inaudible) the government in a long-running battle over the years of public land. The judge did not release the brothers because they still face charges in Nevada stemming from an armed standoff at their father's ranch two years ago.
Well, many Americans plan to start their holiday shopping after the presidential election. Well, that's according to a survey by the National Retail Federation. More than a quarter of folks say that the election will impact their spending plans.
The NRF president saying retailers should prepare for a rush of consumers in the weeks following the election. Meanwhile Americans plan to spend an average of $936 during the holiday shopping season and also, by the way, half of you out there are going to buy something for yourself as well. Good for you.
And finally Facebook is getting into the Halloween spirit starting today. Users are going to be able to wear masks in Facebook Live at least through the holiday. Eleven (inaudible) filters who are similar to snapper chat. They are also rolling which are similar to Snapchat. There's a Jack-O- Lantern, a witch, a skeleton, there's some different animals.
Facebook is also rolling out some Halloween-themed reactions today. You've got a skeleton thumbs up for like. I didn't do that right. A ghost for wow -- never mind, just ignore me. And there is a Frankenstein for sad. So I will get some pictures and come back later in the show.
BARTIROMO: We're counting on that. Thanks -- Cheryl.
Do you think users will use Facebook filters instead of Snapchat? I mean does -- big difference?
JONES: Yes. I certainly won't because I look ridiculous enough in all my pictures. But, you know, I guess -- and my kids won't because they use different apps.
CARTER: They do. My nieces tell me they're like Facebook is for parents and Snapchat is for us.
BARTIROMO: Five minutes to go.
MCDOWELL: May I just remind people that Halloween is a holiday for children. It is not an adult holiday. I know that at the retail industry has turned it into that. But if I see one more -- photo of like adult friends of mine dressed up and they clearly spent months on these costumes.
(CROSSTALK)
MCDOWELL: It just --
BARTIROMO: They eat all the kids' candy, too.
MCDOWELL: -- makes me crazy.
JONES: Dagen I have to introduce you to my --
(CROSSTALK)
JONES: -- chief equity officer because Doug Sandler looks forward to Halloween all year long.
MCDOWELL: Doug needs some hobbies.
BARTIROMO: So no costume.
MCDOWELL: No. I say this. I look like a corpse's bride 364 days a year so I don't need to dress up as something else for that one day in late October. But the dogs -- the dogs can be dressed up.
BARTIROMO: Yes. The dogs will be dressing up.
Coming up -- the energy industry is still hurting from an oil glut. We're breaking down the latest earnings from Exxon and Chevron this morning.
Plus we are watching Baker Hughes and the oil service companies on the news that GE is pursuing a deal.
Plus, Reebok's sprint towards the future. How the shoemaker is using new technology to bring jobs back to America.
We're going to show you those sneaks coming back.
Back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back.
Baker Hughes, the stock to watch this morning, reports this morning that General Electric is pursuing a deal with the company.
Joining us right now Price Futures Group president and Fox Business contributor, Phil Flynn. Wow, what would that potential deal look like and what are you expecting from the oil service names today? Good morning to you -- Phil.
PHIL FLYNN, FBN CONTRIBUTOR: Hey, good morning -- Maria.
They're going to be huge. It's going to be a big day for big oil, let me tell you.
This acquisition by GE would be one of their biggest ever if they actually went through. They're denying they're actually going to buy the company. But they're saying hey, what -- we might be in partnership. Regardless of that, that's the kind of deal that you usually see at the bottom end of an energy cycle. When big names start to merge and get together just like Exxon and Mobil back in the day, that could be a sign that the bottom is in or at least GE thinks that we're very close.
The other thing, of course, we're going to see if ExxonMobil and Chevron today feel the same way about their earnings because that is going to be also very big. Not only is it going to be what they make per-share or their revenues.
What the market is really going to be looking at is their plans for capital spending. Is it going to rise in this environment? And if it does it could be a big belief that the bottom is on oil prices. And we're going to see a lot of that today.
The other thing, of course, when we look at these earnings and revenue we really want to see if we can see sustainability of production. ExxonMobil announced they've made a big discovery yesterday in Nigeria. That is a good thing because big oil discoveries are at a 70-year-low and they're only replacing six percent of their reserves. That's going to have to get better if they're going to meet growing demands.
So it's going to be a big day for big oil. We also have to wait -- OPEC, they could make an announcement this weekend.
Back to you.
BARTIROMO: So when we saw Exxon and Mobil get together, oil prices went up from their sales is what you're saying. Do you think deals in the energy sector represent the bottom for prices?
FLYNN: I really do. You know, we saw it back at the last cycle and I believe that could happen again. If this deal gets done I think it's a real sign that they believe that the lows are in.
BARTIROMO: Wow. Thank you -- Phil Flynn. We appreciate that. That's good insight there.
The "Journal" is saying it this way. GE approached the oil field services company about a deal, people tell the Journal but details of the talk cannot be learned. It could be a $20 billion deal.
Michael Jones -- and by the way, this is as Dagen mentioned to us earlier, $250 billion in deals in the month --
MCDOWELL: Right.
BARTIROMO: Busiest month ever.
MCDOWELL: Ever. Ever -- topping the last, the previous record is $240 billion in July of 2015.
BARTIROMO: What do you make of that -- Michael?
JONES: Well, you've got great earnings coming in this quarter. You've got a lot of deal activity. I mean this is really I think establishing a good base for the market in the fourth quarter once we get through the election.
The one thing I wonder about with what Phil was talking about with respect to the lows being put in for oil prices -- absolutely agree with him. We are not going back below 40.
I do wonder, with all the technology that GE is going to bring in to Baker Hughes, with the cost coming down on all that fracking technology and with the fact that U.S. oil producers produce oil for one reason -- because they can make money. So every time the oil price goes above where they can make money, they're going to produce more oil.
I just wonder if we're not going to be range bound in oil for a long time and these deals are just going to be all about getting the cost of oil extraction down.
BARTIROMO: Yes. That makes a lot of sense.
All right. In terms of earnings so far, Michael, we have some oil companies reporting earnings this morning. What does the market look like to you? You're bullish on stocks.
JONES: Absolutely. I think that, you know, for the last two years the S&P struggled and struggled to get through about 2021, 2120, 2125 --
BARTIROMO: We're at 2127 right now.
JONES: Exactly. We have been -- we punched through that ceiling in August and then since then, we've been pulling back and bouncing off of that old ceiling. The old ceiling is now the new floor. Typically, that's a very healthy sign for the market. It's suggesting it's gathering energy for the next move higher.
CARTER: So I've had a lot of people say, if Donald Trump wins, the market's going to go crazy. If Hillary Clinton wins, it's going to degrade (ph). What do you think?
JONES: I actually think that's probably a reasonable expectation. Because remember the market's not Republican, it's not red. It's not Democrat. It's not blue.
BARTIROMO: It's uncertainty.
JONES: It's green.
And with Trump because if he wins he will undeniably have the right to renegotiate NAFTA and 50 percent of S&P 500 earnings come from overseas; Mexico and Canada -- number two and number one trading partners. So you renegotiate NAFTA, you call into question 2017 earnings. The market won't like it.
MCDOWELL: And also -- what happens with the House, Republican control of the House and to a lesser extent the Senate would also be critical for the markets when it looked like that the House could turn -- be turned over to the Democrats, you saw a lot of sell off in that one week after when Trump was kind of imploding. You saw selloff particularly in the drug companies, biotechnology stocks because they're worried about drug pricing.
JONES: Dagen is absolutely right.
MCDOWELL: And if you had a Democratic --
JONES: There's two bad scenarios for the market. Trump wins or Clinton sweeps.
BARTIROMO: Yes. But I want to ask about that because Trump has a 15 percent corporate tax rate. When does the market start valuing that because I think you want to be buying stocks with both hands if you've got a corporate tax rate of 15 percent.
CARTER: And regulations.
BARTIROMO: He'll roll back the regs. Right.
JONES: Look, there's all kinds of great long-term reasons why the market might like Trump but the Japanese experience, you know, they cut their tax rate from 37 to just under 30 this year and the market still went down because they felt like earnings were coming down faster than the tax rate could offset.
So it's going to be a push-me-pull-you. His tax plan, the market's will love. Renegotiating NAFTA, the market's not going to love and the uncertainty will cause volatility.
BARTIROMO: And how will the market feel about Hillary Clinton's tax increases?
JONES: They are going to -- that's where Dagen's point about the House of Representatives is key.
BARTIROMO: Yes.
JONES: If the House flips to the Democrats and they think of those tax increases are going to happen the market will not like it.
BARTIROMO: Sell off.
MCDOWELL: I just made a face just because the markets would do --
MCDOWELL: That's what would happen.
BARTIROMO: You've got a spring in your step today.
MCDOWELL: It's Friday.
BARTIROMO: It's good.
MCDOWELL: I slept too much.
BARTIROMO: Coming up next -- just a week and a half away until Election Day. Winning over women voters is more important than ever for Donald Trump. What he can still do to gain ground with that group.
And can the Cubs break the curse. We're live in Chicago this morning as the World Series heads to Wrigley Field for the first time in seven decades.
Back in a minute.
(COMMERCIAL BREAK)
MARIA BARTIROMO, FOX, HOST: Welcome back. Good Friday morning everybody. Thanks for joining us. I'm Maria Bartiromo and it is Friday, October 28th. Your top stories, 7:30 a.m. on the East Coast. The final push in swing states is on. Donald Trump slamming Hillary Clinton for her private server. First lady, Michelle Obama on the attack as well.
DONALD TRUMP, PRESIDENTIAL NOMINEE: Hillary even sold out our nation's security with her illegal private server. But for Hillary, it seems anything is okay as long as it increases whatever it was she was looking for.