from yesterday's all-time highs, dow industrials just a fraction sass the s&p and the nasdaq. disney wars once again, the stock is rising in premarket after lion king and toy story 4 movies and franchises drew up strong results. now the focus turns to streaming ahead of disney plus launch, mornings with maria begins right now. ♪ maria: great show this morning, dierdre bolton, liz peek is here and wall street journal assistant editorial page editor james freeman, great to see everybody today.

>> happy friday. maria: big story and the top story right now this hour 2020 shake-up, new york city mayor billionaire michael bloomberg to enter the 2020 democratic race, he's expected to file paperwork to do in alabama. you heard it here first, white house chief strategist steve bannon and former adviser to the clintons mark penn told me last month. >> i think that bloomberg and clinton are still there as biden is in fourth in iowa, second in new hampshire, dropping to third. he's losing steam everywhere. maria: do you think michael bloomberg or hillary clinton will enter the race? >> the two representatives of the centrist party. maria: who are you expecting to enter the race?

>> i'm not sure exactly who is going to enter, if you're a michael bloomberg, hillary clinton, john kerry or michelle obama, you're probably sitting there saying, i could take this field, maybe i should get in, maybe not, i think all four of them are possibilities. maria: that's why we love our guest so much because you heard it here so much. i mean, this is a story. what's the impact, james? >> the initial impact is this is great for the democratic party and for america to bring another voice of steve bannon said moderation, democratic voters are going to find a lot to like in mr. bloomberg's social liberalism, but he's going to make the case that we don't need to blow up the u.s. economy because we are -- or some people are angry at donald trump and i think that's a voice that has not been prominent on the debate stages so far. maria: who does he take away from, liz, where does the market

share come from to -- >> slam joe biden because i think an awful lot of people have been looking at joe biden and concluding he's not up to the task and i also think pete buttigieg who has been surging as alternate for joe biden is in trouble with, a young mayor from a small city really is not very good presidential material, but, again, he was sort of the guy stepping into what have become an obvious void, new yorkers are zooming over michael bloomberg because they loved him as mayor, remains to be seen is the rest of the country -- maria: does it resinate with america. >> that's the bigger question, i mean, he was tough in new york and made a lot of tough decisions, he made a lot of decisions that kept upper middle class here, he was more than happy tokes plain that.

if you kick the rich out, you no tax revenues and everybody falls, he took a lot of questions, yes, maria, that's the question, can he export that kind of logic to the rest of the country to the point where people will understand it but in my opinion he takeaway from everybody, i sort of feel he's the candidate that may be howard schultz thought he would be. >> i never thought what what he said when i did a interview, i was on the network, why don't you come on the show and he said, maria, i don't need to go on the show, rich people watch your show, i've got those people already, i would be better going to gay bar downtown. that's what he said to me. he didn't come on the show, so that's the question -- >> he does have an american story, american middle class and is a self-made billionaire, that's a pretty good american story. >> do i think it's pretty weird, though, in this era if a

77-year-old white man who is the billionaire is the face of the democratic party. maria: that's another thing that he said to me, he said to me, why would anybody vote for a jewish billionaire rich guy who is going to run for president? so it's all the questions about whether he resinates with the rest of the country. >> a lot of democratic voters when they learn he wants to take awagons and sugary sodas or active effort -- >> he got killed on the nanny state idea. >> he will line up in many ways with the democratic voters, the reason he didn't get in the first place was he was locking at polling and his conclusion was he was too moderate. i never got that, when you look at surveys of democratic voters, there's a lot of people who call themselves moderates and conservatives and a lot of democratic voters say beating trump is the number one agenda item, not moving to the left on health care, et cetera.

maria: which is another admission, the only way i will get it if it looks like we can beat trump, basically admitting here nobody in the field can beat trump so far. >> he's been thinking about this for a very long time and president obama scooped him, i mean, very different -- and then trump. he's been thinking about this for a decade. >> well, and has kept him since the last election. maria: so many angles here, let's not forget he owns bloomberg news, how will bloomberg cover candidate bloomberg? this has been the buzz within 2020, they are beginning to respond, massachusetts elizabeth warren tweeted, welcome to the race, if you're looking for policy plans for working people, start here, giving link to

wealth tax calculator. vermont senator bernie sanders, the billionaire class is scared and they should be scared, according to elizabeth warren's bloomberg would pay over $3 billion in taxes under her plan. wow. big numbers there, liz. [laughter] >> well, that's one of the reasons he's in the race, right, awful lot of people, jamie dimon and a lot of people have come up, this is not about wealthy people, it's about the economic model works and others models don't work, when you start attacking the rich and successful people, that sends profound message to everyone in the country and by the way, overseas, are people going to come to the united states to succeed and they've if they won't be allowed to accumulate wealth, no, this is profoundly troublesome for but going back to earlier conversation, democratic primary voters are very extreme, so it's not just a question of whether nationally

mike bloomberg will do well but in iowa or new hampshire he will be able to get attraction. maria: don't kid yourself, because he may not like the wealth tax, he will raise taxes on the rich, you know, he always says that the rich should pay more, he doesn't mind paying more, that's what he wanted to do as mayor. >> when he was here he made tough calls and he stuck by them. maria: we have to see his policies, you're right, the gun situation is one of his important priority, we have to see what policies he would really run on, will it be trade, we want to talk trade this morning because markets are slightly lower this morning pulling back from yesterday's record we are -- reports now request there's a firm commitment from the white house to make a move, here is peter navarro last night on lou dobbs. >> there's no agreement at this time to remove any of the existing tariffs as the condition of the phase 1 deal and the only person who can make

that decision is president donald j. trump and it's as simple as that. maria: which is why i was questioning this story, james, this is what china wants, so would president trump give into something like that, it looks like china wins on phase 1 deal if we forget and tariff increases and we still don't have a prom on intellectual property theft? >> if there's a commitment on intellectual property, why shouldn't the tariffs go away, i will say we all win if the tariffs go away and we get the end of this really terrible drag on corporate investment lately, i agree with you, the president -- he can't come away with nothing and say, just kidding, but i think a chinese commitment to stop theft is important. maria: you need an enforcement mechanism and they don't want that. >> apparently several chapters to phase 1, it isn't just about tariffs, does include

intellectual property approach. i think until we really know what's in the deal we shouldn't be judgmental about it, i heard report that is the tariffs were coming back and that the threatened tariffs on european autos have gone away. so market was up on that. maria: that's important because the european tariffs on autos -- >> technically we have until next week to decide, trump administration. maria: it would be an issue for the economy, everybody. we will take a short break, when we come back, we are just getting started, this morning on deck, atlanta federal reserve rafael is here on the fed and today's market, plus former senior adviser to the clintons and stagwell group, president mike penn, white house press secretary stephanie on china trade, on impeachment inquiry and a lot more, former los angeles mayor and co-chairman antonio villagosa.

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[maniacal laughter] gold. gold! right, uh...thank you, for that, bob. but i think it's time we go with gbtc. it's bitcoin exposure through a traditional investment account. nice rock. it's time to drop gold. go digital. go grayscale. maria: welcome back, anger continues to rise in hong kong, now following the death of a student, lauren simonetti with details now in headlines, lauren lauren: maria, good morning, the 22-year-old died after following into a coma in a fall,

demonstrate nester hong kong and police there, residents calling for an investigation, police were using teargas and rubber bullets to break up protestors nearby. well, disney is thriving at the box office, movie division posting 52% rise in revenue in the last quarter, overall profit, however, slumping by more than half as disney tries to build streaming platform, disney plus, it's out on tuesday, blockbuster franchises, including marvel and star wars as well as most of the disney classic, take a look here, disney shares after the earnings report up 5% this morning. turnover at the gap, ceo art stepping down in significant sales decline in the third quarter of the year, he will be replaced by board member robert fisher, gap shares are sliding 9 and a half percent on the news and the gap cutting full year

forecast. maria: quick break, when we come back, michael bloomberg opens white house run. then text mix-up, why some people started receiving messages as far back as valentine's, what happened next up. for the better. ♪

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and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. so, can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both comfortable. will it help me keep up with him? yup. so, you can really promise better sleep? not promise. prove. and now, during our veterans day weekend special, save $1,000 on the new sleep number 360 special edition smart bed, now only $1,799. plus, 0% interest for 36-months. ends monday. maria: who are you expecting to enter the race? >> well, i'm not sure exactly who will enter, if you're a michael bloomberg, hillary clinton, john kerry or michelle

obama, you're probably sitting there thank you, i could take this field, maybe i should get in, maybe not, all four of them are possibilities, i think at this point broad recognition or really deep pocket finances. maria: that was mark penn predicting michael bloomberg will enter the 2020 race, that was last month and has been saying that in several months recently, bloomberg is expected to file paperwork to get in democratic ballot many -- in alabama today. joining us stagwell group president mark penn, thanks so much. >> good morning. maria: you were right, you predicted this aa long time ago, congrats, you made the call, first he has to get through the primary, how do you see the field accepting michael bloomberg, would he be able to take elizabeth warren who has been rising as much as she has and joe biden who has been in

the number one spot? >> well, i think that what you are seeing in the last couple of weeks is a little bit of weakness in part of joe biden and i think elizabeth warren created an opening with healthcare plan that with 520,052,000,000,000,000-dollar price tag and i think that created a pretty sensible decision and michael bloomberg, maybe i should get out given the field and how it's developing, he will start about 6 or 7%, he comes in as a social progressive but economic moderate and the question will be can he catch on, i don't think it's a sure thing but given his age and position this probable we was remaining opportunity to run for president and he's taken it. maria: what's the likelihood he's nominated as their candidate to go up against donald trump. >> well, look, i think in this field now we could well have a convention where nobody has a majority going into it.

now know, i hate to handicap before he even launches, he will have to figure out how to get some debates before they are over, he will come with a little bit of disadvantage, maybe not in iowa, not in new hampshire, filing deadline for new hampshire is a couple of days away and hillary clinton has a couple of days left here to make final decision. >> mark, james freeman at the wall street journal, you mentioned the possible elizabeth warren health plan issue drawing bloomberg into the race, i was interested in the recent navigator poll showing that 25% of democrats realize that the bernie-warren care plan doesn't allow them to have private health insurance. is that number going to get closer to 10% as we get through this process and are we -- shouldn't we expect a big decline from both of them? >> i think there's no doubt that as people learn that medicare for all means no private

healthcare for all. that enthusiasm for the concept will fade and rather than amend it, they would make it acceptable, i think warren went right into public opinion that i think would be quite hostile to the concept and you're exactly right, i think the more they learn about the more he's going to have problems and i think that created an opening for the moderates in the democrat party and say, hey, if you want strong candidate with experience and somebody with sensible plans. >> mark, question, we have seen people leaving the race, beto o'rourke and some others, it's been rumored that kamala harris, she might be poised to exit, do you think mike bloomberg coming into the race pushes some other candidates who are not really very secure in their funding and following out of the race?

>> i think if a candidate doesn't have a strong foothold by now in either iowa or new hampshire, they will have problems really continuing in this race and i think kamala harris so far hasn't been able to establish that whereas mayor pete is pretty strong in iowa, so suggest that he would be able to stay in and hope for a good performance there. >> mark, wig question, dierdre here, you said if michael bloomberg is able to master the debates once he's into them and even president trump's critics say he's amazing on mara, he knows how to command an audience, how important is that in this day and age, twitter, whatever else you want to talk about and is michael bloomberg up to the task? >> i think he's definitely up to the task, there's getting in and catching on with some momentum, i think he will get in and i think he's going spend considerable resources here, he has in mayoral raises and he has

powerful biography and has serious accomplishments, having said that, he's going to have to connect with democratic primary voters nationally, something that he hasn't done yet, that means his fresh, people give him good look. maria: democrat are with alternative ideas to elizabeth warren's tax plan, even if the party captures both chambers of congress in 2020, tell me about that wealth tax and whether or not that's actually end up hurting her. >> well, i don't know in the democratic primary the wealth tax will hurt or not, obviously the number one jab here against bloomberg, a billionaire, we don't need another billionaire class and you'll see emergence of more class warfare here, you have a left of the party bringing back class warfare and

bloomberg will be targeted and they'll but a debate about it. i don't think there's a national sentiment for wealth tax in particular, most people want strong economy, jobs, rising wages and they want anyone who can deliver that. maria: that's what we've got, right? we have unemployment at 50-year low, we have a consumer that continues showing real strength, economy that is growing, what would bloomberg's policy be, given the fact that what america wants president trump has delivered? >> well, i think that actually if if you're bloomberg, look, i can deliver the kind of economic strength that we need, toughness in foreign policy that we need and yet i won't create all of the upheaval and division in society, i will bring society together and i'll be more progressive on issues like climate change, gun safety and on immigration and that's a formula that could be powerful if he gets off the ground.

maria: mark penn, good to see you, predicted it and it is happening. disney posted better than expected earnings, the attention turns to streaming, we will talk about it when we come back, the president of the atlantic federal reserve rafael talking next, back in a minute. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. hey fred - it's medicare open enrollment.e.y no commission time to compare plans.

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liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ maria map welcome back, good friday morning, i'm maria bartiromo, friday november 8th, top stories right now 6:30 a.m. on the east coast, war on wealth escalates this morning, billionaire michael bloomberg shaking things up, looking to enter the democratic race for

the white house, senator elizabeth warren welcoming him to the race with jab at the rich, u.s.-china trade in focus, conflicting messages now on tariff rollback raising concerns as markets look to close out on record day, fractional declines for the major averages, dow and s&p 500 with another record close yesterday, however, strong day, dow industrials up 182 points, up two-thirds of a percent finishing in unchartered territory, all-time highs, s&p up 8 and a half and dow and s&p at all time highs tat closed, global markets this morning look like this, european indices look like this, the cac quarante in paris down 8 and dax in germany lower by 20 points, mixed messages on tariffs impacting markets in asia overnight, shanghai composite down a half percent in china. very late valentine's greetings that's for sure, tons of old texts back from february going out overnight, the glitch

impacting multiple carriers, we will tell you what happened, coca-cola jumps in with multiple flavors and another brand announces what is called the hardest selzer in the universe, we are focused on the federal reserve after 3 rate cuts this year, members to have central bank are signaling a pause when it comes to further stimulus, edward lawrence with atlanta fed president rafael, ed. >> exactly, maria, we will get insight into what the debate that's going on, joining me rafael, president of the atlanta federal reserve, thank you for being here. where do you see the economy going forward first, how are the fundamentals looking to you? >> first of all, good morning, it's good to be here, very early for me. the economy going forward is in a really good place, you know, unemployment is near record lows and all of the projections that our models have that the economy will be pretty close for 2019

and 2020 for the next 6 to 12 months. >> recession, slowdown? >> well, you know, we've been on a continuous slowdown from 2018 after you had all of the stimulus in the economy, that's expected as far as my models are concern, what i'm not expecting any slowdown more than what we had projected and so we are into a phase where we will be at long run steady state of gdp growth. >> so you don't see -- what do you see fourth quarter, what do you see the fourth quarter estimates for growth, gdp going forward? >> somewhere 1 and a half and 1 and 3 quarters to get us to something like 2, 2.1 for the year. >> okay, going into next year, no recession for 2020, the federal funds rate remain it is same, debate internally maybe there's a pause, we had 3 rate cuts this year, do you feel like this december meet we will see a pause? >> so, in my view where we are for policy right now is we should be taking a wait and see attitude, just to see how the

economy responds to the stimulus accommodation that we've introduced into the marketplace, what i'm hearing from a lot of folks is there are risks out there but we don't know how the risks will come out, so they come out on negative side, then there's a combination won't be necessary, if they come out more positive then we will have to see how strong the economy gets and how hot things get to determine whether another adjustment is necessary. >> you are a voting member and voted on 3 rate hikes, would you have voted for a rate cut this last time around and going forward, do you think next year there should be rate accommodation? >> next year it's very hard to say what our policy positions should, we have to wait and see what happens, if the economy comes in much hotter than when he expected, we see fast spikes in inflation, then i would be comfortable with a rate hike, but we are not seeing anything to suggest that would happen, on the other hand, if the economy comes in much weaker than we expected so it looks like to

trajectory of growth is moving much below long run average then we should be thinking seriously about accommodation. >> would you raise -- or cut this last time? >> last time it was difficult, i would have been more comfortable with a hold, continue to wait and see, but i think we are not super accommodative and pushed us into overheating, i'm comfortable where we are. >> what happens when the uncertainty around the globe slows down, trade deal with china and umca ratifies? >> we will wait and see how it turns up, before we make decisions on big investments moving forward, if things get involved i would expect people across the rantry to step back and -- country to step back and increase productivity and growth.

you see business investment picking up. >> what happens in a year to year basis isn't going to change those, we are already 4 years in to multibillion dollar strategy, they are not just going to move that. we would see a different kind, different set of investments going forward. >> clearing uncertainty would help long-term growth? >> uncertainty puts more of a damper on innovations, aspiration to some extent, we can get rid of that, look, policy approach is to provide certainty over the long time and we believe that is the best approach to getting the best and the largest amount of investment for our growth. >> quickly, inflation, inflation going to stay steady, are you happy with it running a little

hot? >> i'm comfortable running hot, but some measures it's above the target, that doesn't trouble me very much, if it looks like it'll start spiral get away from 2% target that's when i would get concerned. >> you're not seeing? >> we are not seeing that. >> rafael, president of the atlantic federal reserve, you heard it here, no recession going forward, the slowdown exactly where the president of the atlanta federal reserve believes it should be going forward and possibly a pause in the federal fund's rate, thank you. maria: aide ward, edward lawrence thank you, rafael, thank you, weird wake-up call, why some people woke up to text messages from as far back as valentine's day, we will tell you what happened, coca-cola launching new seltzers. we will tell you ahead, the stock is up better than 5%, back

in a minute.

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see mrs. hoffman? nationwide protects her home and car, but also her dream of retiring to become a yoga instructor. oh, they have backstories. of course they do. here, i got more to show you. keep up, now. a little hustle. maria: welcome back, jeff sessions is now setting sights on public office once again, lauren simonetti with details, lauren. lauren: form -- attorney general jeff sessions using first campaign ad as 2020 senate candidate in alabama to try moving past his strange relationship with president trump. >> i will tell you why, first, that would be dishonorable, i

was there to serve his agenda not mine. lauren: sessions joined to take on doug jones, most threatened in the race right now and real blast from the past straight to your phone in the middle of the night, thousands of people receiving text messages yesterday from as far back as valentine's day, apparently there was technical glitch that allowed old text messages from the spring to actually go through, some of them didn't go through in the first place. t-mobile say it was a third-party issue. how about some seltzer this friday, the hardest seltzer in the universe with 12%, more than

double vol content, wow, i didn't think it did, all right, now i know, sorry, guys, coca-cola is out with new sparkling water going up against lacroy, new hot drinks hits shelves next month, 8 flavors, strawberry with cucumber, sparkling water it's where it's at. maria: just to be clear, you're drinking seltzer that has alcohol, it's not seltzer. >> seltze, are the hard way. >> he doesn't want to talk about it here. >> i have to say your comments will be controversial with the beach-going crowd next summer, maria.

is this alcohol or seltzer, perfectly acceptable choice. >> does it threaten wine or -- maria: wine is under attack because of sugar. [laughter] >> can we talk about nutrition when we are talking about cocktails, i don't know. >> i don't know either. maria: caffeine is added sauce. lauren: i haven't drank any of it if you want to know. maria: we had a lot of news, take a look at top moments in case you missed it. how would you characterize right now the readiness to have army as you try to also invest in new technologies? >> for the last 3 years we have been digging out of a trough from a readiness stand force, the fiscal situation of continued resolution, day 33 of it today, we don't have a budget deal in place.

maria: there are real weaknesses within our army and navy, what's your take on where we stand as we are as he just said day 33, day 34 now of continuing resolution with no real solution to the budget when it comes to defense spending. >> yes, so the audience understands that the continuing resolution is another word for meaning you can execute out what was approved last year but given the fact that you do not have a budget for this year, you cannot r -- execute what you can do. >> cutting regulations, allowing businesses to thrive, job creation for every demographic, african american, hispanics, women, all-time high numbers for entrepreneurial start-up businesses in same demographics, the media wants to talk about, nothing, they can't fight on it. maria: what's your opinion of a wealth tax?

>> up to nonsense. [laughter] >> we've been through that madness in europe, a dozen european countries who raised such a tax and all it's created was a culture, you've mentioned that already, envy, jealousy. lauren: health care has become so expensive because of the role of government in health care, a lot of policies that the government has put in place is actually contribute to go increase cost. maria: the harder you work the luckier you get, what's your reaction to what jamie dimon and elizabeth warren said? >> she's missing a very, very important part of the argument and that is investment capital, if you don't have people that are going to put up the money to start businesses and keep them going and take the risk, you won't have a free enterprise system, you won't have jobs. maria: here we go.

[laughter] maria: my god. lauren: is it worth it, that's the question. cheryl: i've never seen the whole panel eat at once. >> it's good. >> it's good. >> would i wait in line that long? maria: it's a fried chicken. >> fried chicken thing. maria: find out what makes the doll so expensive. >> good morning, could we not talk about the doll, by the way because i don't want my daughter knowing something like this exists, it's christmas time, i don't want to know. maria: okay. >> the american foundation is honored to give maria bartiromo this lifetime award for all her achievements, but we would also like to thank her for being an active member of the national italian american foundation board of directors and above all, a proud italian who honors her heritage and all of our traditions. >> i'm so grateful to be able to

have this opportunity to do what i love, to work hard the way i love to and it speaks directly to my upbringing. >> i was with my mom yesterday telling her how much i appreciate you, maria bartiromo, what a great example you are to the italian american women and working women all around the world. ( ♪ )

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to hear your anticipation of the disney plus streaming service next week. >> the results are number of positive take aways, the theme parks had decent numbers despite disruption from the hurricane as well as the, you know, impact of attendance been delayed by the star wars opening. also we saw the studio had a stiller results with toy story 4, aladdin, lion king, those were huge, the one area we saw the impact the most was direct to consumer and streaming, now we know that they're still in investment mode so the results were adversely impacted by continuing investments in that platform, that being said, you know, the stars seem to be perfectly aligned for the highly-anticipated launch next week and we did learn a lot more regarding the service. >> yeah, $740 million, right, and the handoff with legacy media and streaming business and

iger said previously said 3 years for disney plus to make since on the bottom line. >> right, the outlook for the streaming has been well articulated by the company, there's a 5-year view to get to break even profitability, in the near term you're likely to see increased investments to get them competitive but if anything, we have seen espn plug, investments are starting to pay off, espn is blowing 3.5 million, you know, subscribers in a relative short period. when we think about disney plus and projection to get to 60 to 90 million in the next 5 years and profitable, that's something that wall street was getting comfortable with and yesterday we learned that the company has lined up very impressive array of distribution partners. >> amazon. >> amazon, google, microsoft, roku, usual suspects. >> a lot of the conversation about the streaming service has to do with the fact that they have come out with a good price

point and also so many players, though, when are we going to know who is winning and who is losing in this thing? >> that's a great question, a lot of people like to think about streaming war of one huge battle and we would like to think of streaming war as multiple battles playing out on several fronts, subscription base, you know, platform where disney will be a key player with netflix, and you also have sports where espn is already winning and there you have the likes of which comcast are talking about, and that's not an area that disney is focused on but hulu is trying to reinvent itself to make itself more, you know, more attractive and we heard iger articulate, hulu will be official streaming home of networks and huge load of content to kind of, you know, to get at trifecta bundling

strategy. maria: you make a good point, you are seeing all of the spending, netflix will spend more money than they have in the past, $15 billion on original content, disney plus also set to launch on amazon fire tv and fire tablet products so this announcement came last night that the streaming service will be available on android and apple devices. somebody said at some point the market will take away the checkbook to continue spending all of this money on original content. >> maria, it's hard to envision scenario where disney does not become a formidable player and i would argue that they would be one of the winners in those areas that they play in and not all the areas they are playing in, like roku, et cetera, but you make a very good point, content spend is going to continue to, you know, escalate and that's quite inevitable because if you look at what's happened to traditional television, driving down the viewership, you see migration

from traditional to over the top, the tide is growing and what is happening a lot of the companies are trying to get piece of growing tide with winners and losers. >> i wonder people have to buy, maybe disney, they go to netflix for that and they get sports package, are they going to say, hey, the cable bundle wasn't such a bad idea, is it possible that comes back or does that change and the world is moving on? >> you know, it's a question that we get all of the time, right, the way we think about it is, you know, you're having all of these -- you know, fragmentation of offerings and the consumer will end up in our view subscribing to multiple services now, we are not forecasting that the paid tv bundle is going to completely disintegrate, if that happened it would be a huge disaster, what we are seeing consumers pick and choose more like

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. . . maria: welcome back. good friday morning, everybody. thanks so much for joining us. tgif. i'm maria bartiromo. your top stories right now. possible shakeup to the democratic primary, billionaire michael bloomberg opened the door to run for president. what it means for the growing field. moving from 2020 to 2024, superstar kanye west says he will make a run for the white house the next time around. find out what else he had to sigh about that. some uncertainty on u.s.-china trade once again. we follow the bouncing ball ofs this story. new questions after one white house advisor said there is no agreement to roll back any tariffs of. the exact thing that the market was trading up yesterday on. markets are closing out the week

in record tear you tri, that's for sure. yet this morning we're looking at a fractional pullback. dow down 6, s&p down 2 and nasdaq down 10 and-a-half. they're coming off a of record highs yesterday. the dow industrials were up 182 points, two-thirds of 1%. s&p was up 8 and-a-half, quarter of a percent and the nasdaq up a quarter of a percent at 23 points higher. the dow and s&p in unchartered territory. global markets this morning look like this. european indices are down across the board. fq100 down 19, cac down 13 and dax in germany lower by 28. mixed messages on the tariffs impacting markets in asia overnight as you see there. mostly r lower. the hang seng down the worst, the biggest decliner, down three-quarters of 1%. joining me to break it down, deirdre bolton, fox news contributor, liz pete and james freeman. we have a lot to talk about this morning, guys. >> we sure do. >> it's interesting, the china

trade stuff. i wonder if the chinese are borrowing the donald trump strategy. they're saying we're going to get a deal, it's going to be fantastic, in fact, all the tariffs are going away and the white house is saying well, maybe not. >> i think they front-ran the white house. maria: that's why yesterday i was like we have to be sure that we're telling everybody this is from the chinese ministry of commerce that is saying that, that you all the tariffs are going away. >> we did say that a lot yesterday, in fairness to our coverage. we were saying this is particularly one-sided where the news flow is coming from. >> they are not you stupid. they know the white house is sensitive to th the market. if the market plunges because the expectations are not met, they probably win. maria: what does the market do on michael bloomberg's news. he might be the next th to taken president trump. he's expected to file paperwork

today to qualify for the democratic presidential primary in alabama. the deadline is a 5:00 p.m. tonight. we will know if this is real. the news may come as a surprise to some people. if you've been watching "mornings with maria," you knew this first. watch who do you think is most poised to be a real threat to president trump? >> i got to tell you right now, and i said this last week, maria, i don't see anybody on that stage right now that can take president trump one on one. i think you've got to watch guys like bloomberg, hillary clinton, michelle obama, i think you have to look closely and see if anyone -- the democrats' number number one focus is to he defeat president trump. maria: who are you expecting to enter the race? >> i'm not sure exactly who is going to enter. i think if you're michael bloomberg, hillary clinton, john kerry or michelle obama, you're probably sitting there thinking,

you know, i could take this field, maybe i should get in. maybe not. i think all four of them are possibilities. maria: all right. steve bannon and mark penn spot-on. joining us now is the co-host of the five, juan williams. what do you think about mike bloomberg entering the fray? >> it's interesting. i look at polls a lot. the fox poll when people were asked about this, it was like 6% who said they would definitely back michael bloomberg. so it's not as if there's a great market demand on the democratic side for michael bloomberg but i think wall street's been freaking out, especially about elizabeth warren's rise in the polls. and you've seen joe biden struggling for money and joe biden having i say iffy performances on the debate stage that lead people to think, can he take on donald trump, can he go the whole way? so michael bloomberg is obviously trying to step into that lane. this is a direct challenge, i think, to joe biden. the money and all the rest,

michael bloomberg has money. he has a certain degree of name id, especially in new york, not so much the rest of the country. going into the democratic field, maria, he's got not only the weight of being a billionaire which in these times of income inequality is not a plus among the poplace. michael bloomberg is very clear. he thinks donald trump is dangerous, a demagogue and needs to be defeated and he thinks he can do it. maria: howard wilson, his spokesperson, he said michael bloomberg doesn't see anybody on the stage that can beat droll, sos that's why he's -- beat donald trump, that's why he's entering the race. they're looking at him as a major moderate. i don't know if his strategies are -- policies are moderate. is he just competition for joe biden or is he flirting with progressive ideas as well? >> he's a moderate in comparison

to today's democratic field. he's aggressive on cry mate changclimatechange and gun cont. that will attract democratic primary vote. he's not a moderate on fiscal things -- excuse me, he is a moderate on fiscal things. the other person who i think is hurt by his entry is pete buttigieg. i think he was trying to occupy that moderate lane and i think with biden kind of looking a little fragile, pete buttigieg has come up in a lot of the early voting polls and i think bloomberg basically takes him out. >> i don't know. i think pete has -- mayor pete has a different lead slightly. i think he's younger, has a aggressive stand on some issues than mayor bloomberg. he enters the race to the right of center in the minds of the democratic voter voteing in the

primary race. i think it's important to understand that the money he put into virginia was so critical in taking -- in the democratic wins and of course the money was largely on the gun control issue and it led to democrats now claiming control of both houses of the virginia legislature. >> he's got about $100 million to back candidates on the issues he wanted to back. >> there's a lot of democrats who owe mike bloomberg. it wasn't just virginia. >> is was making that as a -- >> i know. >> it also gives him a story to tell. let's say he spends, i don't know, $300 million on advertising telling the story of how he championed and funded these progressive causes, gun control, climate choice. >> that's a great point. if he gets that messaging, hey, i backed you, right? >> we're asking how much upside is there from that 6% you talked about earlier. >> let's talk nuts and bolts of politics here. if you're thinking about michael bloomberg, you're thinking joe biden is struggling with wall

street to get the money needed to fund his campaign. joe biden is already saying what that when it comes to iowa and new hampshire, he doesn't expect to win. and if he's not winning and the argument for joe biden is i can beat donald trump and you don't win iowa, you don't win new hampshire, it starts to erode that argument for you whichs is the heart of what he's doing and the key there is if you're losing momentum, you have an even weaker argument to the titans on wall street. right now, michael bloomberg has the deep pockets to make a run and i think everybody's got to keep that in mind. maria: there's another angle here. michael bloomberg is the founder of the media giant, bloomberg, lp, is this going to be a conflict of interest as they cover the presidential election? his company is going to have to cover him. >> i don't think it's that much of a problem. maria: really? >> he'll they'll have to set up some kind of curtain, some kind of thing to make sure there's no ethical violation. maria: he owns the company. >> they did a good fire drill

for what it's worth. i worked there at the time when he was mayor. i mean, for all that i know, they -- maria: you'ver interviewed him, right? >> yes. they were successful. i mean, i know our president says that jeff bezos is not separate from the washington post but there was a 12 year fire drill for this to happen. >> let's be clear. bloomberg is opposed to everything that donald trump does. if you listen to the radio station or watch the tv the, they hate donald trump. maria: yes, they do. >> they're already in place, basically. maria: that's exactly right. i wonder how that's going to set you or play out with bloomberg news and how they cover him. you know, there you go. 2020 democrats are react aing. juan, got to get your reaction to this. because massachusetts senator elizabeth warren took a swipe at bloomberg, tweeting this. welcome to the race, mike bloom bloomberg. if you're looking for policy plans that will make a huge difference for working peep and which are popular, start here. she posted a link to her billionaire wealth tax

calculator. bernie sanders weighed in, tweeting this, the billionaire class is scared and they should be scared. according to warren's billionaire calculator bloomberg would pay over $3 billion in taxes under her plan. >> i was talking to somebody last night. they reminded me that bloomberg was not a democrat, only became a democrat in october of '18. for recent history, he's been an independent, before that a republican. and what you're going to see, maria, here, given the tensions on wall street, principally directed at elizabeth warren and bernie sanders, is i think you're going to he see now that the responses are going to be you're dealing, michael bloomberg, with entry as a billionaire at a time of high income inequality in the country and this is simply the billionaire class lashing out and populists thank you. we heard bill gates saying i don't know if i can support what elizabeth warren is doing. you've seen so many people,

steve ratner and others, going on about this. elizabeth warren at the moment looks like she may be the leader of the democratic pack. >> michael bloomberg h may note happy with the comparison. donald trump, that's how he ran. party came second after he won. >> bernie sanders is still not a democrat. being a democrat doesn't necessarily qualify you for this race. >> i don't think that's the issue with the populac crowd. maria: will he be the nominee? >> michael bloomberg? i never thought donald trump would be president. my gut tells me at the moment it's hard for someone who is a billionaire to come into this race when you have bernie sanders and elizabeth warren largely taking you mor up more e democratic support. maria: do you think elizabeth warren is the nominee. >> if i had to bet this morning, i would say joe biden.

maria: good to see you. thanks so much. also on deck, stephanie gray shogrish ongrishomis here. and we talk about the sit of sanctuary cities. cur takes chiis thecurtis chin s here on today's markets. first, more trouble for juul, the company pulling another popular e-cigarette flavor off store shelves. and kanye west he's got his eyes on a move to the white house as well. what he revealed about a move to a run for office. back in a minute. ♪ what do i know. ♪ i know fun fact: 1 in 4 of us millennials have debt we might die with. and most of that debt is actually from credit cards. it's just not right.

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labs said it will stop selling its mint flavored products ahead of an ated federal ban on flavored pods. they plan to continue to sell the menthol flavor. there have been more than 2,000 vaping related injuries in the past couple he'll months. general motors found a buyer for the lordstownland plant in ohio. they plan to start making an lek pickuelectric pickup truck trou. no word on the sale price l. we have not elected a president yet obviously for 2020 but kanye west has big plans for 2024. >> when i run for president in 2024, we are going to definitely -- what you all laughing at? when i run for president in 2024, we would have created so many jobs. lauren: west was speaking at a

festival in new york city. the rapper and clothing designing promised his product line yeezy will be made in the good old united states of america, mostly in the south and there's a report that he paid his wife, kim kardashian, $1 million to not wear rival brands to yeezy which is his clothing line. if you notice, he wears a lot of his fashion social media. maria: okay. all right. >> what do you think? kanye west. >> the negotiations in every household are different. [ laughter ] >> you might at first think that's not the way to handle it. but if it works for them, that's great. i wish politicians and regulators would spend half the time discouraging money they spend going after vaping in the list of awful things your teenager can get involved in, it's not very high. >> it's interesting how the company has taken it on the chin and we don't he know much about what causes the problems.

i mean, i agree with you, the number of people's lives are being saved because they've given up smoking cigarettes, that seems more important to me. maria: but there are deaths and illnesses related to it, so there's that. >> they've got to figure this out. it seems crazy. maria: quick break and then looking at china trade uncertainty this morning. new questions this morning after one white house advisor said there's no agreement to roll back any tariffs. what was the market trading on yesterday? the 2020 race shakeup, billionaire michael bloomberg expected to join the democratic race. what it could mean for the other candidates and the war on wealth. back in a minute. ♪ you can find me in the back of a jacked up tailgate. ♪ sit around, watching all these pretty things. ♪ get down in that georgia clay. ♪ liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted.

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maria: welcome back. we are focused on china trade, the status of negotiations up in the air. we are expecting some deal. however, beijing yesterday said that the u.s. and china agreed to postpone tariff increase ifs a phase one deal is reached. then president trump's senior trade advisor, peter navarro said there is no agreement at all like that. watch this. >> there is no agreement at this time to remove any of the existing tariff as a condition of the phase one deal and the only person who can make that decision is president donald trump and it's as simple as that. maria: get this, this morning in a new interview, navarro is saying that the u.s. is willing to put off the december 15th tariff increases should a deal happen. joining us right now is the milken institute asia fellow, curtis chin. thank you for joining us. we know china wants tariff

increases off the table. this is what china wants, that's why they were saying this yesterday. the president said he's a tariffs man. what do you think happens with the deal between the two. >> it's going to be a long process. i laughed yesterday. you were all saying earlier, it's a little bit of china trying to take trump's tactics. every now and then you see a bit of news about how the u.s.-china trade war might be getting better, might be improving and i think the market goes back to the old days of a little bit of irrational ex youtube exebera n. maria: do you think china will agree to any deal that includes consequences. >> not to channel speaker gingrich. i'm sure china will agree with you it but the track record of china from trade to hong kong is broken promises. we need to follow through, not just signing the enforcement deal, but the effects, will it

mean bringing back tariffs, we may have to do this. >> one of the hardest things is to evaluate what the pain threshold for the chinese regime is, how much economic pressure are they under and at what point does xi-jinping cut a deal. we've seen signs of stress. certainly their economy has slowed. hiring by foreign manufacturers has slowed. i don't know if it's related but a few low local banks have faid there and bank runs. is this economy under real stress or are they taking it in stride and they can wait out trump. >> clearly, the chinese economy is under stress. remember how big the chais niece economy is. -- chinese economy is. china doesn't always have to respond to unhappy chinese consumers, unhappy chinese people. both sides are focusing on domestic politics and trying to come up with a substantive, face-saving way out of this. >> is there an indication of what's going on inside of china.

sometimes it's monolithic, chewa wants this, china wants that. i assume there are many voices, even though xi-jinping is the ultimate voice. are there people in the chinese government who want to make a deal with the u.s. >> everything is an ebbing dough anecdotal.secretary pompey right now to mark the anniversary of the fall of the berlin wall and he's always made an important point to differentiate between the l communist chinese leadership and the chinese people. the chinese peel want a better life, they -- chinese people want a better life, they want a deal. maria: how much pressure does the unrest in hong kong create. a student died today after falling into a coma after injuries he sustained during a clash between police and pro protesters on monday do you think what's happening in hong

kong is putting pressure on xi-jinping. >> it's up to 23 weeks. how sad that news is. sadly, i feel this won't be the only death out of this. maria: is he changing -- is he not going to have the thor tearan rule that he has? jimmjimmy lee said everything changed when xi-jinping became dictator for life. >> is it the sign of p a weaker leader? when we look at hong kong today, we don't want the violence. i don't think either side wants the violence. again, it goes back to that same story of broken promises, has beijing broken that promise of one country, two systems. maria: keeps happening. >> they just finished that ple envelope uplenum where the parts came together and supported

xi-jinping, was there discord in the party or was it fide, unifi, back is his rule? >> i only know what you read in the papers. business leaders in hong kong feel that beijing is allowing hong kong to figure out the way forward. sadly, i think that way forward will require a change in leadership, leadership in hong kong. >> they have aggressive sounding security rewrites about their approach from xi-jinping, i think, right? so it seemed to me that they were sort of preparing for a serious intervention. >> you know, let's all hope that doesn't happen. but there does stand that chance. >> xi-jinping just promised emmanuel macron, the foreign of leader, they're going to crack down on the sale of counterfeit french cheese and wine in china. >> you know, again -- >> can he really say we're not going to stop stealing u.s. software?

>> china promises so much. to president trump's credit, not onlies has he called them out, but he brought about tactics, tariffs that resulted in some of the chinese announcements that they'll allow more liberalization in the financial and other sectors. they promise things but we need the to ensure they follow up. maria: is there a downside risk to not doing a deal with china? >> of course there's a downside risk. maria: for the united states. if they keep breaking promises and we can't get them to agree to not steal intellectual property, what if the u.s. says we're done. what's the risk? >> the economies are so closely linked. i think in the long term there will be a an evolution in the relationship which we all hope for the better. there was one event with a chinese ceo, he said when a husband or wife, one threatens to stab the other, all is calm

but the relationship will never be the same. i say it's the same with the chinese united states relationship, it will never be the same. it can evolve to a better one, a more sustainable trading relationship will be to the benefit of both sides. i think that's what we all hope for. maria: great to get your insights. thank you. the race to the white house gets more interesting, michael bloomberg opens the door to a possible run for president. how it could shake up the 2020 race and wall street. back in a minute. does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. there are zero reasons to invest anywhere else. you're smart,eat you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar certified dealer. now you're even smarter. this is truecar.

maria: welcome back. our top story this half hour, taxing the wealthy, elizabeth warren making the wealth tax a major talking point in the 2020 race. this as michael bloomberg may be joining the 2020 race. warren tweeted out a link to her tax calculator. joining us right now is head of u.s. policy, corner stone macro,

an. deirdre:andy duperire. tell us about the impact of elizabeth warren's policies given the fact she is high up there, she may very well be the nominee on the democrat side and we want to look at what her policies would do. what's the impact? >> well, i think in from a bror economic point of view i think her policies would likely be negative for financial markets. she's made it explicit she wants to lower corporate profits. that's going to negatively impact stocks, both the earnings prospects but also stock multiples. and then i think a lot of her policies would put downward pressure on gdp by taxing the factors of production more heavily. so i think there's a lot of reasons i think it would be negative for the stock market overall. of course, there are important sectors that she would be targeting that would be big loser as well, financials i think are at the top of the list, as well as big tech,

healthcare as well. maria: she's got a long list of taxes. she wants to increase the corporate tax rate, want to do a millionaire's tax, a wealth tax. go through some of the taxes and what industries are most impacted. you said financial services. >> i think financial services, both because of taxes, she proposed a financial transaction tax, a bank tax, financials, they benefited to the lower tax rates under the trump tax plan. but also she's targeted -- talked about breaking up big banks. cfpd was her brainchild. she's talked about possibly criminally prosecuting firms and senior executives. she's gone after student lenders in the past. credit rating agencies. the list of policies that could be potentially negative for financial services sector is very long, both in terms of the macro sense, the tax as well as

the specific policies aimed at different parts of the financial sector. i could have mentioned private equity. she's got a tough proposal on private equity as well. the list is quite long. >> andy, james free ma freeman. this is more of a political question. we were talking about how michael bloomberg's entry into the race might be a challenge in terms of a new voice attacking her plans to attack the market economy, but could it actually benefit her if she has a long debate with a billionaire about her wealth tax, which takes away from the scryings of al descripl these other taxes, for example, the middle class taxes and lack of patient choice in the healthcare plan? >> well, i think that's right. i think it also could potentially benefit her in another way, whichs is it could end up splitting the opposition, might make it more difficult for someone else to emerge as a chief challenger to warren.

i'm kind of skeptical that bloomberg really -- i thinks he's a man without a home. i think he's too conservative on fiscal issues and crime for the democrats and too liberal on the social eye issues for republica. i'm not sure he has a great chance of winning the democratic nomination and coming in, in the race, if he does now, it maybe makes it harder for other democrats who might have a better chance at challenging warren to find a voice. >> andy, liz peek here. the financial services sec r tore clearly would be in the crosshairs of elizabeth warren. but let's not forget energy, insurers, po hospital companies, big tech. it's hard to find an tr an induy that she doesn't want to december mate. dessimate. have you looked at how much of the economy she wants to rip apart. >> we looked at the portfolio this week, it's not just those

sectors in our portfolio, takes look and includes a number of those other sectors, the ones you mentioned, big tech, energy, healthcare. and so there's -- in terms of the market cap of the sectors that she would be going after, you're talking about just healthcare, tech and financialals are half the market catch and you have other big areas as well. so there's -- and on the any side, it's of tough to find -- on the flip side, it's hard to find the long in a warren portfolio, you could say alternative energy, more infrastructure spending, some consumer names if you had a transfer from the wealthy to the lower income, middle class american as i think you would under her, you could say maybe consumer l names could benefit from that. but there's a lot of -- and then there's other things that we haven't mentioned so far, her labor policies i think are under-appreciated as an important aspect of her agenda that would have important implications for the broader economy but also individual

companies as well. maria: you haven't mentioned healthcare. that's one of her landmark plans, right, medicare for all. a chief economist told reuters he doubts that warren's medicare for all plan could be fully paid for alongsid alongside other pr. he had been supportive of her healthcare reform plan. you're talking about a plan that's $52 trillion and when she eliminates all the private health insurance, 180 million people get their insurance from, you're going to talk about job cuts as well. remember just last week, someone said to her what are you going to do with the jobs that will be lost when you eliminate private health insurance and she said he very flippantly, well, they can work in life insurance or car insurance or auto insurance. there's going to be a hefty a amounhefheftyamount of job losst of that. >> certainly the healthcare sector will be at risk, i think pretty clear it's been the most affected by the election already.

but i'm very skeptical that medicare for all is going to pass. personally, i don't think that elizabeth warren would end up making it a top priority. i think her reforming capitalisms is really at the heart of what her campaign is about, what she wants to do and given how extremely difficult it would be to take health insurance away from 150 to 170 million americans, paying for it as you mentioned, so i'm pretty skeptical that medicare for all would happen under warren. but obviously the stocks are going to -- it's going to weigh on the stocks if she's the nominee for the next career because it is a possibility. maria: as we wrap up here, andy, real quick, bottom line here, how significant a selloff will we see in the stock market should elizabeth warren be the nominee or the winner? >> i think it's going to come under a lot of pressure. i think most investors believe that. i think for the reasons we just talked about. she's talking about lowering corporate profits, she's going a after major sectors of the market. her proposals would reduce potential gdp and so i think for

those reasons and others, that this is going to weigh on the market. maria: andy, great to have you. thanks so much. >> thank you. my pleasure. maria: coming up, find out why cbs is under fire this morning after a leaked video of amy robach goes viral. waiting to buy a home, first time buyers are older than ever. don't forget to ask maria. send me questions on instagram and twitter and i'll answer them next hour and every friday. back in a minute. ♪ the best is yet to come and babe, won't it be fine. ♪ best is yet to come, come the day you're mine. ♪ '75... the magic moment. congress really democratized wall street... i wanted to have a firm that wanted to get everybody in. because people couldn't access wall street. we wanted to be agents of change.

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maria: welcome back. the fbi arresting six people who alleged -- whose alleged scam has national security implications. lauren simonetti with the details. lauren: six people were arrested yesterday for allegedly scamming the u.s. government and putting the nation's security at risk. a half dozen executives at venture technologies in long island, new york, arrested, accused of selling more than $20 million of security equipment that was labeled made in the usa but came from china. it included metal detectors and turnstiles. cbs is under pressure for firing a employee who -- complaining

the jeffrey epstein story was killed by the network. the employee obtained the footage from an employee of abc. both networks were criticized for the collaboration. fewer young people in america are buying homes. this according to the national association of realtors. the median age of a first time home buyer is 33, that is a record high. a number of factors are the cause. including rising home prices, higher property taxes, and student loan debt plus other debt. tighter lending standards make it tougher for borrowers who don't have high credit scores. so we're doing everything later in life these days, having families later, so we're still doing it i guess. just pushing it back about five, 10 years. maria: and living longer. so there's that. james wrote an op ed about the story you brought up. so much for whistleblower coverage at abc and cbs. i thought it was a great piece, james. tell us about it. >> i think news consumers --

this is news you can use. you don't need to take seriously anymore when abc and cbs do another story worshiping the alleged federal whistleblower pretending there's sacred right to remain anonymous while criticizing the president because we're seeing how they treat a whistleblower in their midst. this is an employee who didn't like what was happening at abc, didn't like that they took so long to tell the jeffrey epstein sexual abuse story. that footage you're seeing there was leaked with this employee's assistance, it appears. so -- maria: that employee was abc when the conversation happened but then went to cbs. >> right. when the footage comes out, abc immediately begins a hunt for what we might call the whistleblower. maria: who leaked the foosage. >> yes. big pressure inside the organization to figure out this person's identity. does this sound familiar? so they find out very quickly,

they rea lies that employee's now at cbs. they call cbs. cbs has not been harmed by this but as doing a solid for abc or maybe just to make it clear that whistleblowers are not welcome in their organization, they have fired this employee. maria: that is so wrong. cbs was not hurt by this in any way. the employee was there when amy robach said it at abc. she went to cbs and she gets fired because abc tells cbs the person who leaks this works for you now. >> i think it's reasonable, businesses can set terms on employment. but these are the organizations who have run literally hundreds of stories over the last 50 days since this whistleblower story broke, basically taking this anonymous federal employee's side, refusing to disclose the identity which of course what that does to the public, it

means we can't evaluate the potential political motivation. but we're seeing now they don't actually believe in this. this is done, because they oppose the president and we see in their own organization, they take a totally different position. maria: especially since we know the apparent whistleblower did work for john brennan and may be one of those people who was trying to get the story out that president trump colluded with russia. >> and we certainly have seen the whistleblower's lawyer pleading a number of people have pointed to the tweets from 2019m 2017 talking about impeachment and getting rid of him. these are obviously people with an agenda and we should know what it is. >> all you need to know about the whistleblower is adam schiff doesn't want him around anymore. hasn't allowed him to be public, hasn't allowed imto be part of the investigation. that's all you need to know. maria: cbs, don't worry about

jeffrey each stein whjeff epste. >> we're not talking about the story which is horrifying. maria: terrible. quick break and then shale pain fit for -- champagne fit for bond, james bond. >> your champagne, sir. >> what was that? >> your champagne. >> put it on the table. thanks. maria: oh, yes, the company behind the iconic spy's choice of bubbly, next. ♪ is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater

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problem with authority. maria: that was a clip from the iconic bond film golden eye where 007 shows affinity for bollinger champagne. joining us right now are bollinger deputy master seller, dennis bunior and alexander mikus. thank you for joining us. >> thank you. maria: we all know the film and the bottle in that film. tell us more about this new bottle. >> well, every few years bollinger has decided to make a special champagne in celebration of the 40 years of partnership. this fall we're releasing this 2011 vintage champagne inspired by the scene you saw and maybe dennis can talk about what makes it so special. >> of course. so normally in champagne we blend different vintage,

different variety and different villages and this one is very special because it's single village, single year, and single grape variety. it's 100% by kno 100% pinot n. it's very rare, limited edition. maria: what should we look for when ordering champagne? there's so many different choices out there. what's most important when deciding on a champagne? >> it's a great question. and i think that there are certain producers that have styles associated with them, based on where they're located, based on the grapes they choose to grow in their vineyards and how they make the champagnes. bollinger is known as the -- i would say the powerful, refined, complex pro yo producer. if you like that style of champagne, if you like the james bond style of champagne, that's what you're going to look for. >> i was reading a bu biographf

winston churchill, it said he drank champagne with dinner every night. would you go with this seven days a week? >> that's a very good question. i think we have to drink with moderation. >> well, okay. >> and of course champagne is not to be drank for -- i think since we are the house of pinot noir, our champagne is made to be enjoyed with nice food so we can pair it with many types of dishes. >> this is a very narrow -- just one village, one type of grape, et cetera. so it can't be a very big production, i presume. this is very limited and special? >> yes. that's why it's so special. it's limited. we ferment in little barrels and we selected the best plots from the vintage of 2011. it was a very atypical year.

every time something is atypical we want to try something bold and that's why we decided to make this wine in '11. >> we'll have 5,000 bottles for the u.s. >> that's what i was going to ask you. in terms of the pricing on this compared to a regular bottle of your champagne, what kind of premium are we talking about? >> i think the suggested retail for this is around $230. bollinger's vintage champagnes, they vary. the largest production of their vintage champagnes is around $150. and their rd is 200, something like that. maria: how's champagne sales doing. we were talking earlier that wine has taken -- is under a attack because of the sugar content. what can you tell us, as the holiday seasons are you a appro, how is business going for champagne sales. >> through july, sales are about even. they are slightly up. bollinger is have an outstanding year, we're up 18% this year.

so i think the u.s. is probably the most important market in the world today for prestige champagnes, for champagnes at the top of the market. maria: great to have you both. thanks so much. cheers the to you. we'll be right back. than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. there are zero reasons to invest anywhere else. ♪ 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 ♪

i need all the breaks i can get. line? liberty mutual customizes your car insurance so you only pay for what you need. that's a lot of words. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ good friday morning thanks for joining us. i'm maria bartiromo. friday november 8 top stories 8:00 a.m. on the east coast war on war escalates bloomberg shaking things up about look to dmer the democratic race for white house senator elizabeth warren welcomes him with a jab u.s. trade xhichl is back president trump sr., advisory peter navarro making about face on tariff increases now saying u.s. is willing to roll them back markets looking to close out the week in record territory, we've got a fractional decline this morning, but we are coming off all-time highs for the major

under these i don't see down 6 s&p down 3 nasdaq legislator by 15, s&p dow industrials unchartered territory record high closed yesterday with dow kwain 182 s&p up 8 and one half nasdaq higher by 23 global markets look like he this, european indices are lower across the board, ft 100 down 28, cac quarante in paris down 16, and the dax in germany lower by 46. mixed messages on tariff situation markets in asia overnight as you can see mostly lower exception of japan hang seng hong kong down three-quarters % disney roars the stock up this morning better than 5%, 5 3/4% after "lion king" "toy story 4" drove strong results for the quarter to add more than 50 points dow industrials at opening of trading this morning, we are focused, on streaming now after the earnings, that is next week's you march of disney plus all those coming up friday morning to break it down fox business

deirdre bolton, elizabeth pooeng "the wall street journal" assistant editorial page editor james treeman great gus curtis made great points on china the idea waiting on bloomberg news. >> it is going to be interesting to see the impact on the race i think great in terms of someone making more of a case for free markets, but -- i am wondering do this help elizabeth warren have the billionaire argument she wants instead of to having explain how many patients are going to have to wait for cancer treatments under her plan. maria: that is right. >> i think interesting to see how people line up bloomberg impact on markets economy versus donald trump plus from bloomberg would be i am sure very unhappy about the trade war with rollback tariffs, et cetera, put in place stable policies. the negative we going after energy industries things in a climate change, you know,

aggressive posture so it will be interesting to see. >> very particular candidate if he ziedz semi say maintaining friendly to wall street to business serious about progressive issues spent hundred million dollars to be for gun control, and to be very strict about environmental regulations, so he is really extreme on both ends, we will see if that adds up, to being a choice for independent voters. maria: that is right those are all his priorities, you are right the environment, gun control top story this hour that is 2020 shake-up, former new york city mayor billionaire bloomberg preparing to interpret the 2020 democratic raf expected to file did democratic for alabama presidential primary since a deadline 5 pm today, we are going to mother officially at some point today, the news not coming as surprise to some political strategists you heard it here first from white house chief strategist steve bannon former

adviser to clintonupon mark penn -- >> i think bloomberg and clinton, are still there, as biden's fourth in iowa second new hampshire i think dropping to third losing stream. >> you think about michael bloomberg or hillary clinton will enter the race. >> i think two best rests for the centrist democratic party. >> who are you expecting to enter the race. >> i am not sure who is going to enter i think if you are michael bloomberg hillary clinton john kerry michelle obama probable thinking i could take this field, maybe should i get in. maybe not. i think all four of them are possibilities. maria: right we have the best guests on television joining me right now white house press secretary director xhooksz for president trump first lady melania retroactive stephanie grisham here. >> a lot of news this morning what do you think what is the reaction from president trump this morning, that michael bloomberg is trying to get

into this race? >> i haven't spoken to the president about it yet hold on to sodas that is all i can say about that i can't really talk about -- elections too much because of hat ofak at the white house not worried about anybody running against the president he has results, he has great jobs great markets so we are not concerned about any of that, whoever ultimately candidate will be will lose -- >> does president need to change his approach, now that another business guy maybe coming in, given the fact maybe michael bloomberg will be focused on jobs, also be focused on economy we have not heard a lot from the people so far. on the democratic side on that stage. >> i would say the president won't need to change approach no matter who candidate is we have had great jobs, markets doing fine african american unemployment all-time low women go doing great the president has results going to continue to deliver no matter

who candidate is doesn't need to change his approach actually he shouldn't. >> what is the deal on china trade story i know the president was simply changed the conversation when it comes to china, no one has done that before, and these trade negotiations, seem to be a little up in the air beijing said yesterday u.s. and china agreed to postponement tariff increases in phase one president trump sr., trade adviser navarro told lou dobbs last night there is no agreement yet. >> there is no agreement at this time. to remove any existing tariffs as a condition of the phase one deal the only person who can make that decision is president donald j. retroactive as simple as that. >> this morning in new interview navarro saying u.s. is willing to you post december 15 tariff increases so how important is a deal with china? we know what china wants they want all tariffs off the table we still have not got a commitment to stop stealing our intellectual property, i know that is important to the

president. >> it is. i will tell you what this country is lucky to have the best negotiations at the helm not getting ahead of talks with china we are very optimistic for some kind of a deal i imagine if we reach one in some tariffs could be lifted i don't want to get ahead of anything while negotiations are ongoing. >> the president faces the democrats and impeachment inquiry, day in, day out, while he is trying to get things done, fox news has learned, that former ukraine ambassador marie yovanovitch communicated with democratic staffer about a time sensitive matt using personal e-mail account two days after the whistle-blower complaint led to impeachment inquiry how is president getting all this done in face of democrats taking all the oxygen out of the room be impeaching him? >> welcome i will tell you president continues to work and it is you are not that nats as you just said are focusing only on impeachment we are missing out, on a lot of work that can be done

behalf of this country. the fact the whistle-blower has now his attorneys since day president took office tweeting about a coup how they had to get president out of office should be of concern to a lot of people. but the president is going to continue to work, we've got to try and get usmca passed, we've got to try to pass a budget for this country. we've got to fund our military. i would implore democrats understand president did nothing wrong sham impeachment has not worked not going to work let's try to or being for the country do positive things. >> this is on top of the two year hysteria over poengs clue between donald trump and russians nonsense as well do you think we will see legislative progress will usmca get passed when a about infrastructure on the president's priority list a year and a half ago? what will get done in your view? >>s i hope so i don't know what will get done that will

be up to democrats congress isn't even working right now all they are doing is working on impeachment the dems are they have got the to get to work to know the american people are paying attention, there are people whose lives are at stake in terms of paychecks in terms of their -- their every day household income so excuse me, the -- the president knows that things need to start happening the dems seem to not care we will see what happens. >> i think you make important point the expectations are that usmca would create a hundred thousand jobs or 175,000 jobs different numbers i am hearing you do make a good point in terms of people's lives on the line, and jobs, with this legislation, up in the air. look i know you also represent the first lady melania retroactive visiting boston hospitality this week talks about program to help infants born addicted to drugs alcohol over 200 stood outside protesting her visit what can

you tell us about that what is first lady up to in terms of her priorities. >> i don't care to honings talk about 200 protesters it days 00 employees out of 6,000, i don't understand how you can possibly protest what she is doing when it comes to taking caring of children in this country, around the world. she visiting boston medical center to understand, and get a better understanding of the programs that they have, for children, who are born addicted to drugs programs they offer to children and mothers and families this is something she continues to do she continues to go across the country, shining a spotlight on programs, to help children, and the opioid crisis, the o protesters were small it was kind of disappointing to be honest she is doing really good things that should never be protested. maria: i am struck by the fact that the first lady has focused on things like be best, children as you see, at the hospital, this week, and yet the media refuses to give her credit, you know she looks

absolutely beautiful, in the way she handles herself her addressi dressing faction magazines also blow her off what do you think is behind this? >> i mean it is the liberal media, by this time i believe the former first lady prior to our administration had been on four, five magazine covers the great thing about mrs. trump she doesn't care doesn't look for that kind of attention, she is really focused on be best, focused on helping children in this country, so she will continue to do that, she doesn't need attention she doesn't need the nonsense she is a very very long woman represents our current so very well. >> going into 2020 now obviously, 2020 rave on what is going to be priority in terms of what have the president mrs. trump will communicate to voters, over the this next year what is going to be, the campaign ad if you will. >> well, the campaign should definitely answer that i know the president will continue to

work continue to focus on the things focusing on, helping very elegan veterans bijdz military keeping economy strong job numbers growing, he has so many great things that he is doing he is going to continue to deliver results for the country, and that is what he is really, really focused on. maria: good to see you this morning thanks so much. >> this you a great morning. >> and to you stephanie grisham, joining the conversation former los angeles mayor cochairman of mercury antonio village go rosa is here don't miss a minute of the rest of the hour we will slip in a break disney soars, the media giant to post boost dow industrials this morning on strong earnings ahead of the launch of the company streaming service also announcing even more ways people can watch find out when have been added to the service stock up better than 6% shares of zillow also doing well the recompany says home flips

business will pull in billions up 10% on zillow, back in a minute. ♪ val, vern... i'm off to college and i'm not gonna be around... i'm worried about my parents' retirement. oh, don't worry. voya helps them to and through retirement... ...dealing with today's expenses... ...like college... ...while helping plan, invest and protect for the future. so they'll be okay... without me? um... and when we knock out this wall imagine the closet space? yes! oh hey, son. yeah, i think they'll be fine. voya. helping you to and through retirement. performance comes in lots of flavors. ♪ (dramatic orchestra) there's the amped-up, over-tuned, feeding-frenzy-of sheet-metal-kind.

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roar up big going to be one of the heavily traded stocks better-than-expected report last night media giant beat on top and bottom line on pace to add 57 points to the dow industrials at the beginning of trade so that is the big boost the fourth-quarter results days ahead of dn long i awaited streaming service disney plus to launch this tuesday, november 12 not only veil on android apple roku devices disney announced amazon fire tv fire tablet products that is expected to boost competition in battle

for sure with netflix hulu apple tv apple tv plus hbo max dueling with disney to make it on a variety of screens, with their streaming service this is going to be an interesting competition, now shares of the gap under pressure this morning this is heavily traded ceo out, the company is cutting full year guidance let's check out what this means for the marketing the opening of trading, gerri willis floor looking at all that good morning to you gesture inside good morning, maria. gapks gap down as much as 9.4% really seeing that stock fall art stepping down was ceo since 2015 been with company a number of years struggling in recent years very slow sales, last night company guiding lower on earnings for the current fiscal year quarter, earned 40 million dollars as ceo since 2015 gaur package worth 3. 7 million, the company said they will -- extended old native ole

suffering slower sales zoil real estate company reporting earnings last night the headline big shocker the company home flipping business, will generate as much as 1.25 billion dollars in sales. the company announced recently they are going to disrupt traditional agent moel boy have they revenue beat up 17% loss better than coupled 12 cents a share versus expectations 2 cents a share big quarter for zillow up nearly 12% back. >> you good for zillow last time we talked about flipping i doed did not end well, right. >> that is right we will -- it will be different this time. >> maybe, gerri willis, coming up bloomberg eyes a white house bid sppd to file today to qualify for democratic presidential primary in alabama candidates already taking swipes at billionaire going to tell you all about.

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are pretty much searching for direction this morning, amid the uncertainty over china trade, we are waiting for some answers there, white house trade peter navarro saying u.s. would in fact be willing to hold off december 15 tariff increases after chinese consumers ministry yesterday promised simultaneously

rollbacks as part of phase one trade deal joining us wells fargo sr., global equity strategists scott wren great to see you thanks for being here. >> hi. >> is it all about china for the markets what is most important we are coming off a pretty good earnings season for the third quarter, better than feared yet feels likes bouncing ball of the china negotiations keeps dictating markets. >> you know for us i think market has been anticipating good, trade news i think the right way to go, do we need a great trade deal no, we don't but that december tariff that is a big deal, if we could get some rolloff the september tariffs went into effect, that would be even bigger deal i think this markets right to accept, we are going to get some kind of minor deal here, but really, you know we have going to be on a long way o lot of happy talk time to get something on paper and sign maria: good point, meanwhile, the democratic field widening apparently michael bloomberg entering the race we are expecting him to file the paperwork in alabama today by

deadline 5:00, what would a bloomberg-trump trump fight in election. >> well, you know i think michael bloomberg certainly on the east coast, about michael bloomberg is very well-known as he is in every you know financial center but i think you know here in flyover country probable miebl bloomberg has less name recognition i think there is rumors you have talked about it a couple other people'sbly jumping in here that could very well happen but i think right now for the market the market is not paying attention, to this i don't think the market will pay attention to it until we get a little bit narrower of a field, so you know that might be the second quarter somewhere in the middle of the summer when we get a better feel for this but really michael bloomberg i think overall, i am not sure how much of a -- of a real shake-up that is going to be. maria: okay.

so scott. >> liz peek here a question for you. the consumer in united states has been so strong, and so resilient, question there is have been a few indicators of a slowdown in consumer spending a a little bit sort of consumer sentiment does that worry you at all do you think that is a transitory coming into holiday season we will see that reverse? >> well, i tell you elizabeth we have rid 10 consumer discretionary sector long and hard normally, by this far in the cycle it wouldn't be one of the best but continues to be if you look over 12-month basis something like that certainly the initial job claims numbers great jobs' report last week those would tell us, that you know hey consumers are still going to spend still pulling the u.s. wagon, economic wagon forward but certainly, if you look at the market, here in the shorter term er period a month, two or three months you know consumers discretionary slipped a little right now now

for us hard to bet against consumer especially when you've got wages rising low unemployment, things like that, so we don't want to bet against the consumer yet but certainly in terms of the consumer discretionary sector watching that closely. >> james freeman here the adjourn, we had rafeal on earlier talking about new normal mediocre 2% may be growth next year, doesn't see big case for hiking or he lowering interest rates, is that kind of what you expect for 2020? and what does that mean for stocks? >> well, james, our number this year has been 2.3 for gdp we don't have our official numbers out yet i can tell you going to be a touch lower than that. i think in sync with what we are thinking fixed income groups looking for one more cut out of fed next year, but certainly the fed made a pretty good hint strong hint

that they were on pause for at least for now is to you know, in my opinion if you have modest growth modest inflation we know feds most central banks going to be pretty easy here that is a good thing we are looking for probably mid signage digit earnings growth next year you know when we look 12 months or so you get you know a total return, 5, 6% something like that in s&p 500, i think that is a reasonable expectation, over that course of time. maria: all right scott great to talk with you thanks so much. >> have a good weekend. >> to you saint lu there is quick i am looking at a report here is what they say it is hard to see bloomberg capturing the nomination as he may split support with former vice president joe biden could benefit senator elizabeth warren. that when we come back more of what wall street thinks of michael bloomberg industries that will benefit expected to file paperwork today, to qualify for the democratic presidential primary in alabama candidates are already taking swipes at him then the

state of america cities sitting down with former mayor of los angeles as city struggles with homelessness crisis and wildfires. back in a moment. ♪ ♪ be my baby, baby, ♪ ♪ my one and only baby, my darling, be my baby, my baby now ♪ ♪ oh, oh, oh ♪ plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity.

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brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ maria: welcome back, good friday morning. thanks so much for joining us i am maria bartiromo. it is friday, november 8 top stories right now 8:31 a.m. on the east coast, he my knowledge bloomberg shaking up 2020 democratic race the billionaire opening door to possible run for president senator elizabeth warren welcoming him with a job at rich. >> u.s.-china trade if focus markets to close out in the record territory, after president trump sr., trade adviser navarro made about-face on tariffs saying u.s. is in fact willing to roll back should a deal happen

markets flat off a record-setter yesterday, dow industrials down 4 points, s&p down 3 points, nasdaq lower by 5 right here, after the dow and standard & poor's hit all-time highs yesterday global markets this morning like in, european indices pretty much he weaker across the board ft 100 at low of the morning 35 point decline, almost one half of one percent cac quarante in paris down 18 dax in germany lower by 61 mixed on tariffs impacted markets in asia only russian japan off a quarter of a percent you asked i answered received great questions this week i will answer all of them later this hour in new segment ask maria, 2020 shake-up, former new york city mayor billionaire bloomberg preparing to enter 2020 democratic race to fiem paperwork declaring himself a candidate in the alabama presidential primary, today is deadline for candidates to file to be on the ballot in alabama, joining me right now former mayor of los angeles,

he is cochairman mercury antónio villaraigosa good to see you mr. mayor thanks so much for joining me. >> goods to be on your show first time in a while now. maria: has been a while really good to see you again first let me get your take on what a michael bloomberg campaign would look like, and do you think that this takes, from the democrats on the stage or is this a threat to president trump what do you think? >> well i worked closely with michael when he was mayor of new york. he was a great man. crime was down, the economy was up, he -- he clearly is someone who has finger on the pulse of what is going on in cities also someone who has been very involved in the issue of climate change guns education obvious going to mix

up if he joins the race he talking about that in the past i don't think a done deal yet but we will see -- candidates the kind of influx, and the consternation in party who is able to beat donald trump, i think, michael has taken a second look. >> mr. mayor let me ask you about -- about that because you just said you worked about with michael bloomberg on crime and did do a very good job in new york, and los angeles, also in a different place under your leadership. what has happened? look at l.a. today the homelessness problem on streets, the drug issues, you look at san francisco, the same thing, needles on street poop everywhere there are some worries about that happening in new york, soon, too as you've got inmates being let out. of jail, in a big way majority of inmates being let out by january. we are expecting crime to go up what is happened in los angeles from your standpoint?

>> well, first of all, you mentioned the stock market, is up. the economy is strong. and it is strong in no small part because of mept metropolitan areas like new york los angeles if you look around the world top three metropolitan economies in the world along with tokyo. >> talk to me in terms of -- talk to me in term of what because looking at pictures of los angeles right now not a pretty sight. >> again, i was speaking about economy. the top three richest metropolitan economies in the world. new york, l.a., tokyo. and, yes, you mentioned bloomberg and crime. and homelessness, last time i looked bloomberg hasn't been mayor for a while net have i not since 2013. yes, homelessness is up in los

angeles, also, across the country, and i think cities have to address it as a crisis. there is no question about it. you have to do that with the state and the federal government. but clearly as you mentioned, homelessness is growing across the country. the economy is working. but not for enough people, and clearly we need to do a much better job with respect to housing, support of services, mental health, certainly big issues in cities. >> trying to understand how this happened. and so that we can better understand, how to fix it because you are talking about unemployment at 50-year low, you are talking about wages up, year-over-year p of the and economy that continues to show strength and growth while the rest of the world slows down, and then you look at some of these pictures it heartbreak the homeless problem in los angeles, the -- the homeless -- and, you know,

about defecation problem in san francisco, chicago 8 shootings a day in chicago. is it partly liberal policies that have taken to us this point given the fact that some of these cities want to be sanctuary cities? >> well you mentioned, chicago, you mentioned los angeles, and, of course, we were talking about new york, and both los angeles, and the new york crime is down, during my 8 years, violent crime down 49% homicides 45% gang crime 55%. clearly, though homelessness is up i think it is something close to 60%. since 2013. chicago is another matter. i know that crime is down a bit but it has gone up a lot. maria: how do you think this happened mr. mayor just trying to understand, how this happened. because everything you are saying is right, you know, the crime was down under your watch, and that is a great thing, ask sanctuary cities an issue though in this week's

elections -- the residents tuscon, arizona voted to reject a plan to become sanctuary ze for image immigrants are arizona shares 300 miles border with mexico air horizonians saying we don't want this the leadership in l.a. in san francisco, wanted schier cities -- sanctuary cities to take in illegals not let federal government know about it is that liberal policies that caused things to go down in some liberal leadership cities? >> let me correct the record. l.a. is not as sanctuary city. l.a. since 1978 under dearyl gates conservative police chief decided they wanted to make sure victims witnesses came forward to help you know us reduce crime, address

violence in cities, and so if you commit a crime, that a serious crime you are going to jail in los angeles. >> okay. >> do you have any answer do you have any answer what is your gut tell you? any answer as to why homelessness problem has gotten worse. >> lack of housing not enough support of services, too many people mentally ill, drug addiction opioid and otherwise all of those things play a part. and the economy you said that is working, but particularly working for people at the top. yes, it is true. that unemployment is down across the board. but to live in los angeles in new york making 12 bucks an hour doesn't cut it so many of these people can't afford housing. when there's you know housing shortage. >> what would be your solution, in terms of fixing the problem mr. mayor give us

some advice here after your successful run as mayor what is your advice? >> treat it as a crisis. cities counties have to work together, we have to address the fact that we don't have enough services in housing i think we are going to have to address a broken -- congressional environment quality act that makes it so difficult to build housing, also, thank you know, the naysayers in communities who not in my backyard we are going to have to address that fact we need to put housing everywhere where there is homelessness. >> mr. mayor great to have you on the program mayor antónio villaraigosa good to see you again sir thank you. >> good to see you. >> he would we will see you soon bloomberg potential bid michael bloomberg shakes things up as race not white house changes expected to throw his hat in the ring today stuart varney kwaez in on that coming up, i am

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maria: welcome back as reporting 2020 race is about to get shaken up billionaire bloomberg expected to file paperwork today to qualify for the democratic presidential primary in alabama, joining me right now host of "varney & company" stuart varney to weigh in things getting interesting now stu. >> yes indeed, yes, they are. look, first off, michael bloomberg 77 years old former mayor new york 12 years as mayor i got all that big deal worth 52 billion dollars. now just think this through for a second. he is joining the democrat race apparently, the front run nerz that race warren and sanders who hate detest billionaires now you've got the prospect avenue party split completely, between the antibillionaires and a multibillionaire running within the same party, i call that maria frankly delicious! i don't know whether he can win or not i haven't a clue

but this has shaken up this game it is a game-changer like no other. this is a big deal. maria: . >> true remember bernie sanders said there should be no billionaires in america, that is right -- [laughter], how is that going over, i know you have more in 10 minutes see you top of the hour "varney & company" 9 a.m. earn after "mornings with maria" join stuart first table turning i am answering your questions from social media right after this break stay with us. ♪ ♪ ♪ ♪ he boogie boogyman ♪ ♪ diamonds shine like me. they're strong. they're brilliant. i am a diamond. find beautiful diamond styles for all the diamonds in your life, including you.

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maria: el we'll, you asked i am answering, usually i am the one asking the questions, but tables have turned, this is my

producer's idea i am going with it. today we are -- brand-new ask maria seaingment what are the odds the economy will continue to grow in 2020. what sectors in the industry are key, there is a very high he probability that the economy continues to grow in 2020, even if it goes show slowdown from strong growth numbers we as you a year ago when impact of the tax cuts deregulation gave the economy a boost we have witness adslowdown this year, from 3% growth to expectations, of below 2% as relevant of the global economy struggles to show growth uncertainty around the administration's trade policy keeps some businesspeople sitting on cash. the growth is expected to pick up again next year, watch capital expenditures the investment ceos managers of business make into their own business when uncertain they frees sit on cash push capex

into future year ahead impacts host of areas, so for a a slowdown in capex has been offset by a very strong consumer, so watch he consumer areas rock bottom line rates 50 year unemployment rising wages kepts consumer spending so 2020 looks good, in terms of growth i would look at technology, next question, asks what is the greatest advice you received from your parents and best advice to give my college freshman daughter studying business the greatest advise from parents number one work hard take nothing for granted there are no shortcuts don't think that there are make sure to own your job, know what that is in anybody so that you can do that by working as hard as possible -- i remember mom wrote on a piece of paper when i was just a girl handed it to me wrote excellence comes from preparation i put on desk look at it every day preparing very important p also important procure being financially independently told me don't depend on anyone i starred

saving very young as girl wanting ice cream cone always saved tried to have a very strong balance sheet personal balance sheet that means not taking on debt, one more piece of advice for you college freshman daughter don't forget everything you write on social media will follow you, it stays there, it does not go away so be mindful of that when you are taking those selfies at college parties, your future potential employer will look at that final question what is your favorite pizza place in brooklyn one of my favs favorite for pizza viewers know my dad's restaurant the re.x manor best brick often, pizza in brooklyn on weekends my dad and me and sister, we reprise pizza making days make in my kitchen some best weekends ever to be with dad today would i try used to love lentils they closed i he would try john's

pizza owner of john's used to work for my dad i like to believe dad taught him everything he knows about perfect pizza thin crust delicious keep questions coming any favorite places. >> i am showing up at your dad's place i know maria. >> the rex manor, the new owners the pictures of me on wall. >> i -- cute. >> advice from parents? >> take your work but not yourself he seriously. >> collegeage kids socialism doesn't work i don't know what is resonating with young people. >> all they hear in school from moment to go to moment graduate from college what they hear. >> how does that happen why have academics become so you know, liberal and then they spew liberal policies at students across schools? >> anybody know?

i think from the fact our country after the war became very prosperous it was sort of became too easy to become critical of the yu stays critical of our system of government, et cetera, et cetera that is only ramped up in recent years when we you know, become totally slammed by income inequality, historically have never been that important to most americans. >> from nacho 114 questions, bo, dot 31, c.ro, 1314. >> for the record i love it a great idea i am with producer we get to hear more thoughts. >> some questions, instagram, twitter, at mar bartiromo answer agnew round friday final thoughts from this all-star people turning the tables on them now. back in a minute.

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or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. ♪ maria: all right. it is a beautiful morning this morning even though it's a little cold in new york. final thoughts from our all-star panel today. what are you looking at this morning, james freeman? >> i'm looking at markets are barely reacting to the latest, i don't know if hit's a head fake or an indication. now peter navarro saying maybe we will take off the tariffs if we get a trade deal done with china. i think maybe there's a little exhaustion right now. it seems to me if you can get

tariff relief on the chinese side, intellectual property protection, great deal, markets would love it and as we said, if china is willing to say no more counterfeit french cheese and wine sold in china, i don't know why they can't protect american software and semiconductors. maria: markets would like that. this is art laffer who said if we get a china deal it's dow 30,000. we'll see what happens. >> good question, though. is this a typical experience of you buy on the rumor and sell on the fact, have we heard a date for this signing? if they actually get this thing done, will the market kind of go okay, that's why it's already up 400 points or whatever? i think the big story of the day is bloomberg. i think it really shakes up the democratic race. i'm excited about it because i think voters needed a better choice and everyone was kind of coming to the realization they didn't have one. maria: people will start looking at his policies, stop and frisk -- >> i think this is going to be contentious and controversial.

i meant democrat voters, not all voters. >> i'm looking at disney, that by the way got amazon on board to support disney plus so disney now has amazon, samsung, lg devices. you can watch content on all of those. already had apple and roku. maria: great stuff. have a great weekend. see you on sunday, everybody. "varney & company" begins right now. stuart, take it away. stuart: good morning, maria. good morning, everyone. mike bloomberg takes the first step in the 2020 election. this is a game changer. we're now looking at a democrat party that rants against the billionaires with a multi-billionaire trying to be its presidential candidate. oh, the mind boggles. bloomberg is 77. he was mayor of new york for 12 years. he's a centrist and he's worth $52 billion. he made that money as a capitalist. this is an obvious challenge for frontrunners warren and sanders, who are socialists. it's a threat to the fading and financially challenged joe