MARIA-03
Wall Street; Disney to Remake Classic Animated Films Into Live Action;
Shocking Images of Colonial Pipeline in Central Alabama - Part 1>
Entertainment; Donna Brazile; WikiLeaks>
MARIA BARTIROMO, FBN ANCHOR: Good Tuesday morning everybody, welcome back, I'm Maria Bartiromo and it is Tuesday, November 1st.
Your top stories 8:00 a.m. on the East Coast. Huma in hiding. The long time Clinton aide staying off the trail as the FBI works overtime searching the new trove of e-mails found on her estranged husband Anthony Weiner's laptop.
The Clinton campaign is facing the fallout and renewed attacks on the campaign trail now.
(BEGIN VIDEO CLIP)
DONALD TRUMP (R), PRESIDENTIAL NOMINEE: If Hillary is elected, she would be under protracted criminal investigation likely followed by the trial of a sitting president.
HILLARY CLINTON (D), PRESIDENTIAL NOMINEE: I made a mistake, I'm not making any excuses. But I will tell you this, if they want to look at some more e-mails of one of my staffers by all means, go ahead, look at them.
And I know they will reach the same conclusion they reached when they looked at my e-mails last year, right?
(CHEERS)
It wasn't even a close call.
(END VIDEO CLIP)
O'DONNELL: Meanwhile, the new outrage this morning after new WikiLeaks e- mail showed that DNC interim Chairwoman Donna Brazile feeded a debate question to the Clinton campaign for the second time.
Breaking news out of Baltimore this morning. At least, three people are dead after a school bus and a commuter bus crashed early this morning.
It is unclear whether students were on board, we are getting new details into the newsroom, we will bring it to you.
Plus, Obamacare angst exchanges open today for enrollment, but it kicks off with higher prices and a lot fewer options, we will bring you all the details on enrollment season for Obamacare.
Meijer takes a new approach to clothing sales. The retailer planning to ditch its plus-size department and integrate larger size clothes onto regular racks.
Earnings driving the story on Wall Street once again, Pfizer shares under pressure right now. The company reported disappointing earnings and revenue, it is also cutting its full-year profit guidance.
Pfizer shares down right now, the drug companies may very well be the laggards today. Broader markets looks like this, this morning.
Futures indicating a higher opening for the broader averages, about 17 points on the Dow Jones Industrial Average.
The Nasdaq and the S&P 500 are off of their best levels of the morning, nonetheless, we are expecting a higher opening.
Today, the Federal Reserve is kicking off its two-day meeting, we are not expecting an interest rate increase tomorrow when the Fed has its press conference.
But we are looking for some signal from the Fed about perhaps a rate increase come December.
In Europe, stocks searching higher today, take a look at the performances there, as you see, the CAC quarante in Paris and the Dax index in Germany turning negative, down a fraction right now.
Although the FT 100 are off of its highs of the morning, but nonetheless in positive territory with a fractional move of 7 points.
And in Asia overnight, stocks mostly higher with the exception of the Kospi in Korea, down a fraction, the Hang Seng index in Hong Kong, best performer, up better than 1 percent.
Is Facebook actually good for your health? The details of a new study this morning that says that the social media service helps you live longer.
Halloween 2016 in the books. We have a look at some of the best costumes taking the internet by storm, including an exploding Samsung phone and a lame-duck that showed up to the White House.
All those stories coming up this morning, and joining me to talk about it, Fox Business Network's Dagen McDowell, the "Wall Street Journal's" chief economics correspondent Jon Hilsenrath and Maverick Pac National Chair Morgan Ortagus.
We haven't discussed Obamacare enough this morning.
JON HILSENRATH, CHIEF ECONOMICS CORRESPONDENT, WALL STREET JOURNAL: Yes, you know, I was actually Obamacare for Halloween a few years ago --
BARTIROMO: You were?
HILSENRATH: Yes --
BARTIROMO: What was -- what did that look like? --
DAGEN MCDOWELL, FOX BUSINESS: What did that look like?
HILSENRATH: It basically -- it was a little mouse in a screen, and it basically froze on you. It didn't go anywhere.
(LAUGHTER)
MORGAN ORTAGUS, NATIONAL CO-CHAIR, MAVERICK PAC: That's like --
BARTIROMO: And it's like two thousand pages --
HILSENRATH: Won -- I won the Halloween contest in the neighborhood for that one.
ORTAGUS: Cool --
HILSENRATH: Yes --
BARTIROMO: What are you -- this year?
HILSENRATH: This year, nothing is clever.
BARTIROMO: That is very clever, we got a big show coming up --
MCDOWELL: Yes, we do.
BARTIROMO: Yes, joining the conversation, Tennessee Congresswoman Marsha Blackburn is with us this hour, Senior Vice President and Chief Investment Strategist at Charles Schwab & Company Liz Ann Sonders is here ahead of the jobs number and the Fed meeting.
And then the host of "VARNEY & COMPANY" Stuart Varney will weigh in, you don't want to miss a moment of it, so, do stay with us as we kick off at 8:00 a.m. right now.
Only one week to go until election day, Donald Trump heads to Pennsylvania today while Hillary Clinton is returning to the critical swing state of Florida.
Adam Shapiro is in the Dade city County right now of Florida with the very latest, good morning to you, Adam.
ADAM SHAPIRO, FOX BUSINESS: And a good morning to you, Maria, this is Pasco County, we are just north about an hour of Tampa and Hillsborough County.
This is the heart of the i-4 Corridor, crucial for both candidates because 40 percent of Florida's population lives here.
And the question on everyone's mind are the FBI reopening the investigation in looking at the e-mails? Is that having an impact on voters?
Hillary Clinton on the campaign trail yesterday in Ohio, she was speaking in Kent, Ohio, went on the attack, here is what she had to say about that.
(BEGIN VIDEO CLIP)
CLINTON: I am sure a lot of you may be asking what this new e-mail story is about, and why in the world the FBI would decide to jump into an election with no evidence of any wrong-doing with just days to go.
(BOOING)
I am sure they will reach the same conclusion they did when they looked at my e-mails for the last year. There is no case here!
(CHEERS)
(END VIDEO CLIP)
SHAPIRO: But the question is, will the voters reach the same conclusion? Here in Dade city, Clinton will be speaking to the voters who happen to be college students.
I want to show you the latest numbers from Florida just updated within the last 45 minutes. More than 4 million people have voted, Republicans maintain their lead among registered voters who cast the ballot.
Voting by mail, Republicans 865,187, Democrats 793,105, Republicans lead there 72,000 roughly. Voting early, that's going to a polling station, Democrats lead by about 56,000, Republicans 783,416 cast the ballot, Democrats 839,572 have cast a ballot.
Now the key to this, according to different campaign analysts is who is turning out their base, and according to the Republicans, they're winning that fight, back to you, Maria.
BARTIROMO: All right, Adam, we have a lot to say about this early voting, we're going to get into it momentarily, thank you Adam Shapiro.
In Florida this morning, joining me right now is Tennessee Congresswoman Marsha Blackburn. Congresswoman, good to see you, thank you so much for joining us --
REP. MARSHA BLACKBURN (R), TENNESSEE: You, too, sure.
BARTIROMO: First, let me get your reaction to the FBI reopening the investigation of the Clinton campaign and Clinton's e-mail and server.
What's your reaction?
BLACKBURN: There must be something there that is significant to the point that they felt like they could not wait until after the election.
And I think we need to let them do their job and see what it is that they know.
But the fact that you have someone, Huma Abedin who was transferring a holding or building a trove of e-mails, saving these when she knows that these are classified or that they are sensitive and they're government business.
They're coming from the .gov site or they contain further information inexcusable. And yes, the FBI needs to look at it, and for Hillary to be dismissive and say there is nothing there.
How does she know that?
BARTIROMO: Yes --
BLACKBURN: I think it's so interesting.
BARTIROMO: Well, it's extraordinary, it's actually 650,000 e-mails, which is an incredible number.
BLACKBURN: Massive, yes --
BARTIROMO: And we know by the way, Congresswoman that Yahoo was hacked.
BLACKBURN: Yes, we do know Yahoo was hacked, and they sat on it for two years without saying they had been hacked.
And then you find out that they're transferring these e-mails around. It shows you a careless nature less than respectful of the information process and of the people's business.
Do you really want that in the White House?
BARTIROMO: Is there enough here though to move Donald Trump over the edge, I mean, even before this? We know that he was lagging behind Hillary Clinton. What do you think?
BLACKBURN: I think there is enough, and you're going to see him today pivot to talk about healthcare. Some of my colleagues too have legislation that would push the Obamacare issue repeal and replace forward.
They're going to be with him at that -- at that speech. My legislation which is across state line purchase of health insurance is a part of that package.
And today, you're going to see Mr. Trump start to talk about how you can work with the house and the Senate in order to get things accomplished.
National security, economic security, healthcare security, those are the issues that the people are wanting to talk about.
They know Hillary Clinton and her team have proven that they should be disqualified from being the commander-in-chief of this country.
They want somebody who is going to get things done, who is going to be right on the big issues which are national security, economy and healthcare.
BARTIROMO: Right.
ORTAGUS: Congresswoman, you just talked about Obamacare, and we know that the new enrollment starts today.
There is not a small business owner that I talk to that doesn't complain to me about the cost of Obamacare, and --
BLACKBURN: Right --
ORTAGUS: What it's doing to their ability to hire. But we hear Donald Trump talk about, you know, repealing and replacing quite a bit.
But what can he actually do? What does he have the mandate to do as president?
BLACKBURN: You know, Morgan, what he can do is work with Congress, and I think that's the significant of my colleagues joining him on the trail today.
Take for instance, my legislation, across state line purchase of health insurance. Title one of Obamacare is the insurance title.
What you do is repeal that and replace it with the free marketplace. That way, individuals can buy the health insurance they want at a price they can afford.
That is going to contain the mandate and the provisions that they feel like they need.
Twenty six-year-old young man don't need to be buying maternity insurance, and neither do grandmothers.
You know, this is the kind of thing you want it to make sense and be affordable. That's how you get people into the marketplace.
Every small business owner I talk to just like you're talking about, even one last evening, I was talking to the biggest expense they have in their operating cost is the cost of health insurance and providing that for their employees.
Another is regulatory and compliance costs. And you began to diminish those, all of a sudden businesses are going to have more money to plow back into growth.
And that is what we want to see for jobs growth and for economic expansion.
BARTIROMO: Yes --
HILSENRATH: Congresswoman, you mentioned a couple of times, this idea of allowing insurance companies to sell their coverage across state lines.
If that was such an easy solution, why hasn't it happened? And tell us exactly what that would do, how that would make the system more efficient?
BLACKBURN: Sure, absolutely and we have worked on this for seven years when we did the Blair House Summit on healthcare.
I was one of the Republicans invited, and this was the topic that I discussed. And the president didn't understand the difference between national plans and a free marketplace.
Now, the way it would work is, you would have your state departments of insurance for the state of domicile of the insurance company and also domicile of the purchaser.
And they would each be looking at the consumer protections. What an individual would do is be able to buy an insurance policy that would suit their needs.
Also, it would allow portability. If you leave a company, if you are transferred to another state, and if you have insurance that fits your family's needs at a price you can afford, you can keep that policy and take it with you.
So, what it will do is just open that and allow people to shop. Get online, shop, find something that you like and utilize that network of doctors.
I think it will allow us to see a little bit more competition, prices will come down, you will see innovation and the way products are bundled and offered.
It would also -- the Republican plans call for expanding health savings accounts. This has been tremendously popular and successful. People like that opportunity --
BARTIROMO: Right --
BLACKBURN: To put the energy and the money into utilizing and managing their healthcare and having that savings account.
BARTIROMO: Why have prices skyrocketed the way they have Congresswoman? I mean, you look at a state like Arizona up 116 percent --
BLACKBURN: Sure --
BARTIROMO: This is what we're expecting in '17. What is the number in Tennessee? I mean, you know, your constituents obviously are --
BLACKBURN: Right --
BARTIROMO: Facing higher prices as well.
BLACKBURN: That's right, the price increase in Tennessee has been 62 percent --
BARTIROMO: Wow --
BLACKBURN: In the blues, to the point that the blues have dropped out of Nashville, Memphis and Knoxville in the marketplace.
But Maria, remember, Tennessee was the test case for Hillarycare. And the cost of it quadrupled in five years.
BARTIROMO: Yes --
BLACKBURN: In a decade, it was 35.3 percent of the state budget. Too expensive to afford, too expensive to use --
BARTIROMO: Yes --
BLACKBURN: People don't like it, the networks are too narrow, the access is too limited.
BARTIROMO: Right, sure, that's what we're seeing, Congresswoman Blackburn --
BLACKBURN: Yes --
BARTIROMO: Good to see you, thank you so much.
BLACKBURN: Good to see you, thank you.
BARTIROMO: Marsha Blackburn there, we will have live coverage throughout election day, and the morning after we're starting an hour early at 5:00 a.m. Eastern to break down the election results.
That's next Wednesday, stay with us and join us this weekend where we are live going into the election, back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. A deadly crash involving a school bus in Baltimore to tell you about, Cheryl Casone with the details now, Cheryl.
CHERYL CASONE, FOX BUSINESS: We're going to get few more details, Maria, this is still a developing story out of Baltimore where police have confirmed three fatalities in this crash between a school bus and an MTA commuter bus.
This happened this morning. The crash happening two blocks from a local high school, but it's not clear if any children were on the bus.
The school bus apparently struck the MTA bus head-on hitting the driver side, and this happened on Frederick Avenue which is now closed to all traffic.
We will continue to update this story as more information becomes available. We're awaiting on a presser actually from police in Baltimore.
Also we're watching this, this morning. Shares of Pfizer under pressure after the drugmaker's third quarter adjusted profit missed the Street's estimate.
Pfizer also cut its 2016 earnings forecast after ending work on a drug to lower cholesterol, that stock moving slightly lower in the pre-market as you can see.
And then Discovery Communications is reporting an adjusted quarterly profit 40 cents a share, net income falling 22 percent from a year ago.
Revenue flat in the face of foreign exchange on Wednesday, continue to drag on the company's overall performance, there is the stock, the one year under pressure as well.
Michigan-based Meijer reportedly scrapping its plus size department. The "Wall Street Journal", this is kind of cool.
Says the company is going to bring larger-sized clothing into the rest of the store, not call a plus-size anymore to bring in all inclusive shopping basically.
This comes as the MPD group, that's the market research firm, estimates that plus-size apparel spending is going to reach $20.4 billion this year, that's up 17 percent from 2013.
And it's growing twice as fast as the overall apparel market in the country. And speaking of clothing and shopping, thanksgiving is not far off, and Butterballs, we're going to talk turkey or -- well, they're going to be texting turkey actually.
Later this month, they're going to launch a 24-hour texting hotline. Since 1981, Butterball has stood by the phones to help its customers.
But with technology advances, you can now get help, social media, you can text them, you can go to YouTube for some instructional videos, yes please.
From November 17th until the 24th, you can text 844-877-3456, and so look at that to help you, Maria, with your turkey troubles, back to you.
BARTIROMO: Good, thank you, Cheryl.
CASONE: You bet.
BARTIROMO: Next up, one last jobs report before the election due out this Friday, why it could prove key in the Fed's decision, whether or not to raise interest rates come December.
We are talking about the Fed's rates and the jobs number coming up. Then having a life online might help you live longer.
Apparently, the surprising new study that Facebook users sort of like, back in a minute.
(MUSIC)
(COMMERCIAL BREAK)
BARTIROMO: Welcome back, here is a question. Are you addicted to Facebook? Well, it may help you live longer apparently. Dagen McDowell with the details on that one, Dagen.
MCDOWELL: Yes, hang your hat on that. Social media users rejoiced, question mark.
A new study released analyzes 12 million Facebook users in California and compared their activity online.
And the results showed that people who used Facebook were 12 percent less likely to die than someone who does not use the site.
The study also gives users another reason to, you know, not pay attention to your significant other or your spouse when he or she is talking to you.
You can just be on Facebook socializing in the virtual world.
HILSENRATH: Is that why they're (INAUDIBLE) --
MCDOWELL: Apparently, people with a larger social network live longer compared to those with fewer friends.
But the authors of this study which was done -- they worked on a study at UC, San Diego, they said it is just observational.
It does not prove that Facebook actually leads to a longer life. They said it show the health benefit of strong social connectedness even those using that -- the internet to do that.
BARTIROMO: I know the -- I know the point I think, because engaging with people does help you live longer.
HILSENRATH: Right --
BARTIROMO: Not necessarily anything to do with Facebook, but it's just doing stuff and engaging with people.
HILSENRATH: Well, it might -- it might -- there's the whole cause and effect thing, correlation and causation. So, it might just be that more engaged people tend to live longer.
It does -- but the active engaging -- in other words, if you take a disengaged person and force them to engage, it doesn't mean that it's going to make them live longer.
BARTIROMO: Right, and that's a good point.
MCDOWELL: Stop with the logic.
(LAUGHTER)
BARTIROMO: This is a study that I think we're all skeptical of.
MCDOWELL: This -- I encourage people to go online and actually watch for themselves -- this is Halloween at the White House yesterday.
A very cute kid was spotted at the White House trick-or-treating yesterday dressed as a lame duck.
He greeted the president, he greeted President Obama on the south lawn, the kid was wearing a duck costume wrapped in a bandage.
The Obama -- President Obama along with the first lady, they were passing out candies, and he -- there's a video of it where he's talking to the kid, and he does a -- maybe I'm reading too much into him.
Around 4,000 people came to this event at the White House, but he didn't look that amused.
HILSENRATH: I wonder whether Obama put that bandage on his head.
MCDOWELL: So --
(LAUGHTER)
But they are passing out M&Ms and candy and there were some fruit bars in honor of Michelle Obama.
Because again, that's been her initiative as a first lady over the last almost eight years is, healthier eating, healthier living.
I want to say one thing though, go to the Instagram account of Pete Souza. Pete Souza is the White House photographer.
And there are so many amazing photographs of President Obama with children. And whether you like the president's policies or not, there is one from I think a year ago where he's holding Ben Rhodes daughter Ella Rose.
And she's an enfant in an elephant costume and he's laying on the floor of the Oval Office in his suit with this baby over his head.
And it may be the cutest picture ever taken in the White House. So, everybody go look at Instagram for that.
And here's another funny costume that racked up plenty of attention online as well. A Southwest Airline's employee dressed up as an exploding Galaxy Note 7 phone.
(LAUGHTER)
The people who work at Southwest, I don't know if they have humor or if South -- and they just happen to work there or Southwest hires them, but anybody who's taking a Southwest flight knows that.
HILSENRATH: Someone tells me --
BARTIROMO: There's --
(CROSSTALK)
HILSENRATH: Security in that outfit.
MCDOWELL: I know, I think it was maybe in her -- well, you know what? I've seen people wearing worse than that going through security in the Miami airport.
BARTIROMO: I think you're right though, there's a special culture with Southwest.
MCDOWELL: Yes, in terms of their -- I guess a zest for life. Is that while --
BARTIROMO: Yes -- no, you're right, absolutely. All right, zest for markets today, take a look at Futures indicating a higher opening for stock prices today.
I'm going to take a short break, when we come back, we're taking a look at what is impacting your money.
We will talk about what's driving markets today and we've got the Fed meeting today and tomorrow, and of course, the big jobs report out on Friday.
Then the fairest of them all comes to life. Disney's brand new plan to bring Snow White back to the silver screen, back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back, good to see you, thank you so much for joining us everybody, I'm Maria Bartiromo, and it is Tuesday, November 1st, your top stories now 8:30 a.m. on the East Coast.
Chaos on the campaign trail as the controversy surrounds the Clinton campaign, Donald Trump is on the attack.
(BEGIN VIDEO CLIP)
TRUMP: So, there is a great thing happening in our country, folks. It's called common sense. We are going to Washington D.C. and we are going to drain the swamp!
UNIDENTIFIED MALE: He can whine all he wants, but everybody will know he is just a sore loser, who won't take responsibility for running the most divisive campaign.
(END VIDEO CLIP)
BARTIROMO: So who will win what history tells us about who will take the White House, just one week from today on election day, we will know.
Media bias alerts, CNN under fire this morning amid questions, Hillary Clinton was given an unfair advantage in debate, presidential debate, what you need to know before you vote.
Turning to markets this morning, we kick off a new month for Wall Street, the Dow, S&P 500 coming off the third straight monthly decline. Today is the day one of a two-day fed meeting and we've got the market that is trading up this morning. We are expecting, the Dow industrial to open up 20 points, that is off of the highest levels of the morning, by the way. In Europe, markets are mixed, take a look what we are seeing in the Eurozone, the FT100 has given up much of an earlier rally, really struggling to hold its positive territory, the CAC and Dax index now negative.
In Asia, overnight stocks mostly higher at the end of the session. The KOSPI Korean index down a fraction, the Hang Seng in Hong Kong, the best performer up better than 1 percent. Investors watching major economic events this week, the Federal Reserve gearing up for its final meeting before the election, today and tomorrow. That, of course, ahead of the jobs' report, which comes out on Friday. Economists are expecting an addition of 175,000 jobs to have been created in the month of October. We are also looking for the unemployment rate to move lower to 4.9 percent, which could affect the fed's action.
Joining us right now is Charles Schwab senior vice president, and chief investment strategist, Liz Ann Sanders. Liz Ann, good to see you.
LIZ ANN SANDERS, CHARLES SCHWAB SENIOR VICE PRESIDENT AND CHIEF INVESTMENT STRATEGIST: Hi, Maria. Thanks.
BARTIROMO: Thank you for joining us. Any expectations out of the fed when we hear from them tomorrow and what do you look for out of the jobs' report?
SANDERS: You might get a bit of hint that December still on the table, but I don't think that is anything terrible unique relative to what they have been saying in the last couple months. I think you know the jobs' report - - I think is only a needle mover if significant below expectations and there's election related turmoil. Under than that, I think December is happening.
BARTIROMO: A 175,000 jobs, Jon, would that basically confirm to you, yes, the fed is going to raise in December?
JON HILSENRATH, WALL STREET JOURNAL: Yeah, the feds just want to see the economic data go as it has been going and then, they will move in December. So as Liz Ann says if there is a big negative surprise, then maybe people say they are not going to move in December and then we will get a market reaction.
SANDERS: But I think it would have been to be in conjunction with other problems, either a significant spike in the dollar that cause a type of financial conditions or some election-related volatility that goes beyond what is expected in conjunction with the weaker jobs' report I think.
HILSENRATH: Well, Liz Ann, we have seen long term interest rates go up by almost a half percentage point in the last few months. What do you make of that, and how serious problem could that be for the economy?