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tv   Cavuto Coast to Coast  FOX Business  November 21, 2019 12:00pm-2:00pm EST

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stuart: totally out of time. neil, it yours. neil: thank you, stuart. impeachment hearings are already underway. not much rocketing events. but we're following it. percent to blake burman at the white house with the very latest. hey, blake. reporter: neil, action on both ends of pennsylvania avenue today. of course the hearings up on capitol hill, over here at the white house, president trump is expected, if not already to meet shortly for lunch with republican senators. this comes as the hearings are taking place up on the hill. among headlines today is from david holmes, a top u.s. diplomat in the u.s. embassy in ukraine.
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he has testified that he believed that security assistance for ukraine was tied to an investigation into the bidens. >> my clear impression was that the security assistance hold was likely intended by the president, either as an expression of dissatisfaction with ukrainians who had not yet agreed to the burisma-biden investigation or as an effort to increase pressure on them to do so. reporter: testifying today, fiona hill, former top russia expert on the national security council. she in part heavily criticized those who feel it was ukraine, not russia who was responsible for meddling in the 2016 presidential election. back here at the white house, that lunch meeting, neil, we think it will be five or six republican senators involved. two on the left side of screen there, i guess you could say are interesting ones. susan collins, mitt romney expected to sit down with the president. at times they have not followed the party line as it relates to maybe agreeing with president
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trump. i'm told, neil, that the president has been having lunch meetings or meetings like this in recent weeks. members of the senate, also the house. that the point of this is to talk about administration priorities but as you know, neil, we are in this backdrop of impeachment hearings. so of course that is likely to come up as part of the discussions today. neil? neil: blake, you know i'm curious have you heard any white house reaction or thoughts on maybe a middle ground compromise, democrats don't vote to impeach but censure the president? that was back in the clinton days but that has been kicked around. i wonder what their thought are on that? reporter: i haven't necessarily heard that, neil. what is going on at the white house they're kind of watching these hearings, trying to react in real time to them, sort of shape the messageing. that was fairly, rapid response was fairly quick in the opening days. that slowed down a bit. the sense i get from being in
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the building, neil, they're trying to take all of this in, to put out statements afterwards to shape the messaging, take it from there. neil: thank you very friend, very, very much. blake burman. if the president says anything, comes out with remarks or a tape with meeting with crucial republican senators, we'll pass that along to you. impeachment hearings, fiona hill, david holmes under the microsoft. for the markets, reason why we're down, nothing to do with having hearings. everything to do with trade, not just china trade. growing doubts we'll be able to get a usmca vote. that is a vote on the trade deal between ourselves and the canadians and mexicans before the end of the year, a signal out of nancy pelosi's office. it doesn't look good for that. that is yet another fuel to the selling fire here. "daily caller" editorial director vince coglianese. i always argued for some reason, the impeachment stuff is more noise to the markets. the trade stuff is much more
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important. do you think that remains the case? >> i think it does. especially no matter what happens in the house, we know how this thing ends. the senate doesn't vote to remove the president of the united states. this is a pretty feckless move in the end on house democrats t would be historic to vote for impeachment but it is not going anywhere because of republican senators. people in the markets no he that. impeachment will not change who the president of the united states is through 2020. neil: what do you make of the meeting president is having with key republican senators and mitt romney, susan collins, not afraid in the past to part company with the president, even zing him? >> that goes back to my prior point. democrats have momentum they can't quite get their hands around. at one point, nancy pelosi said only way she would pursue impeachment on a bipartisan basis. this is anything but. this is strictly a party line
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process, with a few democrats defecting to the republican side to not even advance the impeachment process to the house. with senators he has to be shoring up support in advance of this actually making its way to a impeachment trial in the senate. think about what that means f we advance the calendar to november of next year, the president will be able to point to the senate, see, they found me not guilty and nancy pelosi pursued a witch-hunt against me. this has to stop. neil: maybe a dog with a bone on this issue of censure for the president, middle ground that could accommodate both party as slap on the wrist to the president. but knowing full well, democrats no full well protracted impeachment battle does seem to be boomeranging on them in key polls. what do you make likelihood of that? >> two things work in favor of idea of a middle ground. one of them, nancy pelosi would be concerned about the, sort of,
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president being able to point to the senate finding him not guilty, using that in the election next year. she may want to avoid for that circumstance. she votes for a house censure. doesn't have to deal with the senate's reaction there is concern among senate democrats the current democratic field of senators, half dozen senators will be kept in washington for so much early part of the year it may hurt their ability to campaign in both iowa and new hampshire. which would be a real drag on their campaigns, especially fighting against insurgent pete buttigieg south bend mayor, performing so well in iowa. not the kind of thing they need to fight back. there are a couple things working against democrats if they decide to vote for impeachment. neil: thank you, my friend. always fun. vince coglianese. thanksgiving is a week away, but charles schwab feasting on the
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td ameritrade. jackie deangelis is here. >> neil, maria bartiromo broke the story this morning. we're waiting confirmation from the companies. charles schwab expected to buy td ameritrade, $26 billion. combined the assets would be worth five trillion dollars. schwab ceo walter bet will run the new company. it speaks what is happening in the industry, consolidation. commissions are being eliminated that creates a lot of pressure. schwab was the one to flip the tables to do it first. the concern loss commissions would mean less revenue. schwab's new client accounts jumped 31% in october after the news was announced it would cut those commissions. you have other potential targets moving on news. interactive brokers. e-trade. everyone wondering who will be next. neil, this puts the combined schwab td company in position to compete with bigger players,
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vanguard, blackrock, that kind of league. neil: jackie, thank you very, very much. we should get confirmation of this or everyone is hopeful of confirmation of this in the next few hours. meantime these kids are scared of the grinch coming. investors are more scared a trade deal might not be coming. ♪. imagine traveling hassle-free with your golf clubs. now you can, with! no more lugging your clubs through the airport or risk
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click, call or visit a store today. neil: israeli prime minister benjamin netanyahu indicted an fraud, breach of trust. bribery. a lot was well telegraphed and signaled. he will fight it and finds the timing curious. we'll keep you posted on that. house speaker nancy pelosi all but shutting the door on a
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possible usmca trade deal this year. take a look. >> i'm not even sure if we came to an agreement today that it would be enough time to finish but, just depends on how much agreement we come to. again, you know what the areas have been, enforcement overarching. under that labor, workers rights, et cetera. pharmaceuticals, environment. neil: she was still talking there. john layfield, vision funds vice president heather zumarriaga. i wonder how this is digested in the markets. not well, if they have already been braced for delay in getting the china thing done. that is just kind of waiting every day, to this thing now, not even addressed by the end of the year, we have what, five weeks or so to go. what do you make of this? >> you're right that would pose a problem for the markets. i think markets are much more coupled with the chinese trade
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situation and getting at least a phase one deal passed, than they are with usmca. although usmca is extremely important. not just for the u.s. but just broader implications with china as well because some of the provisions in the deal, mean as a whole, one cohesive unit, that being canada, u.s., mexico, we would have to negotiate with china versus bilaterally. that would be a very good thing giving us more leverage to push back on china. neil: this is a case where impeachment stuff beginning to impinge on getting other stuff done. john, i don't know how the markets absorb that they're taking it all in stride for the time-being. how do you see this going, this whole, you know, dichotomy between the impeachment and everything else that is it still on the docket? >> i think it is totally separate. i think you look at the last five big presidential scandals in our nation's history. you look at the two impeachments, teapot dome
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scandal with harding, richard nixon, iran-contra with reagan, none of those scandals happened deterred the market from the general direction it is going. you're seeing the aim thing with the impeachment inquiry of president trump. i don't think the presidential scandal, even if he was inpeopled and removed from office, i don't it would have effect on market. the market is moving on trade deal with china. neil: you don't think it would have affect impeachment would effect. is that based on senate following up? >> i think the odds are overwhelming he would be convicted and reof from office. i don't think it will have adverse effect on market. all the policies are in place, tax cuts, and regulation. things detrimental to the market what might be reversed under president pens i don't think has any chance of happening. i don't think it would be a big
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deal to the market. neil: it is interesting heather when he follow on the retail front, home depot we're told was outlyer, most of the stores from target to walmart are telegraphing a good shopping season, forecasting good next year. macy's are guiding lower, that might be more the exception than the rule. handicap me as you see it, the shopper? >> the shopper is alive and well according to the national retail federation. the holiday shopping season would increase from 3.8% to 4.2% increase in sales. when you look at, for example, you mentioned macy's, which hasn't done as well. but the other side of that, walmart or a kohl's, jcpenney, target, for example, posted a big beat on earnings. they are doing very well. they have a great in store experience and ramping up their online sales. target had 31% increase in e-commerce sales.
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so the consumer is the back pin, the backbone and the pin so to speak of the economy. you know what? when clinton was impeached, both years the market was up over 20%. with a strong consumer we're doing okay despite the impeachment media circus. neil: we really are which is remarkable. john layfield, when people come up to you, sort of say all right, i missed the party here, i really kick myself for missing this party, i want to jump in, they're jumping in at lofty levels. obviously as you remind me, could have said that, 3, 5, 10,000 points ago. what do you tell them? >> i think the macro environment created this stock market is still there we have low interest rates. a low tax environment. better regulatory environment. we're the best by far in the world place to be. we're seeing decline in growth. 2% gdp growth the last four quarters, which is not that great. we're not falling off a cliff. consumer heather mentioned is still very strong.
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compare that to the rest of the world we're by far the best place to put money now. neil: heather, it is more of a reflection on average americans i know, you touched on it, investors and shoppers are a little different, i grant you that, if it is off the charts holiday season, and early signs it could be, does it carry over into the new year? >> absolutely. i think it will. i don't see people like you and john layfield shopping at jcpenneys or kohl's and walmart. i do. neil: hickory farms, nothing says merry christmas like processed meats and cheeses. >> you may help out the negotiations with china as all the u.s. wants right now for phase one for them to buy more ag from us, pork, hickory farms ham or turkey, is probably on that list. neil: there we go. john doesn't even know about it.
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is i is one of healthiest people i know. work with me next time on this stuff, john. my friend, have a great thanksgiving. >> what would build on the trade deal? the bill president is about to sign could undo it. i'll explain. shop small and watch it add up. small business saturday by american express is november 30th. i wanted more from my copd medicine that's why i've got the power of 1, 2, 3 medicines with trelegy. the only fda-approved once-daily 3-in-1 copd treatment. ♪ trelegy ♪ the power of 1,2,3 ♪ trelegy ♪ 1,2,3 ♪ trelegy man: with trelegy and the power of 1, 2, 3, i'm breathing better. trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing.
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exclusively at zales, (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. neil: president trump is expected a bill to back hong kong protesters. how it impacts our negotiations with that other country that has folks worried. jonathan hunt with the latest from hong kong. jonathan? reporter: neil, the students still holed up at hong kong polytechnic university desperately want to see president trump's signature on the hong kong human rights and
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democracy act. they have made their feelings very plain. in pleas they painted on the building of the campus, safety helmets they artfully arranged in the international sos sign and they have hung the stars and stripes on campus as a sign that they really do want the u.s. to do more. even though they are grateful for the language of senators like marco rubio, who tweeted after the house already passed the bill, unanimously approved by the senate, quote, over the last 24 hours by a cumulative vote of 517-1, the united states congress has made it clear that america is going to hashtag, stand with hong kong. a few dozen students meantime remain holed up on the campus determined to avoid arrest, looking to get out any way they can. listen here. >> they tried running out from the sewage system.
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they went out by some roof or climbing out and jumping down from the building and trying to go up of rope, trying to find someone to take them out. so they're looking for different ways. reporter: now the chinese government has already condemned the potential prospect of president trump signing the act. they say that the u.s. should stop interfering in hong kong and china's internal affairs. if, more likely as it seems, neil, when president trump signs that act. it seems certain it is going to further complicate those already very difficult trade talks. neil? neil: jonathan, i wonder if that moves the chinese more than any violent protest out of these demonstrators? the fact it could have a economic impact if they don't watch how far they go? that will get them to sort of dial things back and maybe easy
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this, what do you think? reporter: it could do that, neil in a sense because clearly economic considerations are very much high in the minds of the chinese government. on the other hand, given the way they operate, it could spur them into even tougher action here, just to show that they are not going to be dictated to by president trump and the united states. so reading the tea leaves how the chinese will react to any particular act by the united states, as you know, neil, always very difficult. it could go either way. neil? neil: my friend, be safe. great reporting over there. jonathan hunt. the biggest takeaway during last night's democratic debate may not have come from the main stage, but from the donors. i will explain after this. driverless cars,
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in the middle of last night's debate. hillary vaughn on both. hey, hillary. reporter: they have $8.7 million cash on hand but they are $7 million in debt. which means they have a little over a million dollars to spend. the republican national committee has raked in 7 times more than that with 61 million cash on hand. the rnc said they reached record breaking donation levels this fall. fund-raising off impeachment. even though dnc donors are lagging, its individual candidates are not. senator cory booker took on elizabeth warren over her wealth tax last night and it paid off. his campaign raised over half a million dollars since last night's debate. helping him finally qualify for the next debate in los angeles in december with 200,000 unique donors. warren defends her wealth tax but think it is an idea that appeals across party lines. she has not convinced everyone in her own party the wealth tax
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is way to go. >> doing a wealth tax is not about punishing anyone. when you make it big, you make it really big, you make top ..1 of one% big, pitch in wig for everybody else. here is the thing. that is something democrats care about, independents care about. republicans care about. >> the wealth tax has been tried by other nations. >> i'm tired of freeloading billionaires. >> everybody is tired of corporations paying zero taxes. we're not disagreeing with that. reporter: first the first time mayor pete took the stage as front-runner with his rise in new hampshire. warren, sanders, biden and buttigieg mostly avoided each other last night on stage. neil. neil: i was surprised about that. hillary, thank you very, very much. is fund-raising a big issue forward for democrats? in other words do they have to
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worry about it. republican strategist, holly turner. democratic strategist brad gertsman. zeroing in on rich folks, say nothing of the impeachment hearings, they're losing some sizzle here. do you agree? >> i don't think they're losing sissel at all. there are some tactical errors as usually go on in any kind of, in any kind of campaign, that said, we have, we have a lot of good things to talk about on the democratic side. i think points are made by each and everyone of the candidates. the problem with every candidate we have out there, each one is lacking for something. each one, you know, not exactly a well-rounded candidate as you could say. idealogues in warren and sanders and you have the leadership, been there done that with the vice president and then you have some of the other individuals like mayor pete which is like
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kind of a one-off kind of guy just garnered some interest. you know, when you put them all together, you may have have a great candidate. the problem is we don't have it right now. neil: holly, one of the things i diddies cover following the then among liberals, pushing close to the ledge here, what she calls two cent tax on billionaires. that represents significantly more than that billions for billionaires, but leaving that aside, it proven, her achilles' heel, she didn't plan the rebuke to come from her own party. what do you think? >> i don't think she was expecting that from booker and her position on that issue is partly the reason that the dnc is struggling so much with their fund-raising. many big donors, corporate donors, that they have had in the past, are thinking twice. they're afraid she might be the donor, i'm sorry the nominee and
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they're not sure that's what they want for their future of their companies and for their families. so they're backing off a little bit. look, that fund-raising number is really important right now. i know the candidates are raising a lot. but that is getting soaked up by their personal campaigns while the dnc only has about a million dollars to play with, the rnc is registering voters. they have all their people on the ground in battleground states. they're already getting ahead of the game. so the dnc needs to amp up their game if they will have any chance at all this year. neil: brad, probably more effective today was this news, more worrisome, nancy pelosi might have to put off a vote on the usmca, the trade deal we have with the mexicans and canadians, maybe owing in large part with the back and forth over impeachment. do you worry that impeachment gets to be such a distraction for the party that it hurts the party? >> i think it already has. when you say does it hurt the party i'm assuming we're all talking about the presidential
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election. if you notice what happened last night nobody spent a great deal of time talking about the impeachment process because everyone up there, all the candidates know that this is not helpful to their candidacy. this is not helpful to the democrats taking over the white house. this is not helpful for the democrats to be able to take over the united states senate. it has been a sideshow. the impeachment i said from the beginning is a waste of time and is not going to be good for the party. right now you have a he said/she said going on, it is really awful and i think we're having, think we're having a real tough time of it because it is just something that has not really resonated with the people of the united states. neil: you know, holly, heard more about a middle ground on the whole issue, calling for maybe sense suring the president. not calling for an out right vote. it would be an escape clause for democrats and republicans. do you buy that? >> yeah.
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i mean, in a normal world it would be but this is the president, he will take anything and use it to his advantage. so i think that the democrats are really in a tough position here. i mean if they do that -- neil: you think he would fight even a censure? >> oh, yeah. he won't have a choice in it. but if they did, even if it was bipartisan they agreed to do that, see, there was nothing there they had the witch-hunt. wasted all the time. they could have passed the trade agreement and they didn't do it and he will take every opportunity he can, he should. he absolutely should do that. neil: brad, what do you think? >> i agree, i agree totally. the president at this point will bash everyone around him. he is going to have to try to take, you know, the focus and laser beam off his forehead in the impeachment process and turn it on to everything else, everyone else. i honestly don't disagree with him. he, the democrats, my party, has
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decided to go after this impeachment. i thought nancy pelosi was doing the right thing in avoiding this as much as she could. she caved in and now she sees it turned into a wild circus that nobody outside the political bubble really cares about. even those within the bubble are still uncertain, if this is impeachable to begin with. and it is my legal opinion that this is not impeachable and i think this set as terrible precedent, i say this just in general for anyone who is going to be president of the united states, that we could now go after anybody for any poor judgment and impeach them and try to get involved in the electoral process by taking out a duly-elected president. neil: we'll have to watch closely, guys. thank you very, very much. calm, intelligent discussion there. i appreciate it from both of you. meantime, we have mixed signals on retail here. for the most part, most numbers have been very, very good but
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home depot cofounder ken langone, the consumer throughout is just fine, more than fine. record-setting historic fine. after this. ♪. with va mortgage rates near record lows, i want to tell as many veterans as possible about newday's va streamline refi. it's the closest thing to automatic savings that we've ever offered. at newday, veterans can refinance their mortgage with no income verification, no appraisal and no out of pocket expenses. and we've extended our call center hours so that every veteran can take advantage of these near record low rates.
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outlyer than consistent trend maker. retail earnings provided a mixed sort of read on consumer spending, by and large, overwhelmingly so, pretty good. we have job creators president alfredo ortiz on whether this will continue. >> thank you. neil: always good to have you, my friend. >> thank you. neil: the notion this is consumer led recovery. remains very much so. businesses might be conservative in the cash plans, the doubts how much they will allocate more spending hiring, but not consumers. do you see that continuing? >> absolutely, neil. if you look at target, walmart, which we consider to be the bellwether stocks for consumer sentiment, it is just, they're on fire. they're doing great. national retail federation i believe issued their forecast for the holiday season sales. i think up 4%, it is what they're forecasting. it continues to be strong. no surprise, neil, when you look what is happening in the economy. record low unemployment. wage growth up 3%.
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jobs are abundant. the stock market is at record highs, almost every day. interest rates are finally coming down, thanks to the fed coming to their senses there. so you know, consumer just feeling great. quite frankly, that is translating also to small business sentiment as well. gallup just recently issued their report on small business sentiment. it continues to be strong. 70% in fact, almost 70%, almost 2/3 of small business owners actually feel great about the economy, think that the economy is doing extremely well. neil: you know what is interesting about that too, alfredo? when you look at small businesses the fact they take it on the chin about some big guys, amazons, walmarts, to your point, targets, they're surviving just fine, thank you. that is anomaly very few saw coming. >> you know what? i think it is about value proposition. small businesses offer many cases things large businesses can't. in some cases, some businesses
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not doing well, like kohl's, macy's, versus amazon. that has more to do with value opposition of online retailer, versus traditional brick-and-mortar. when you offer value, have the right value proposition for consumers, the consumers will buy you. neil: play this out for me. normally they say when small businesses are doing well, they're the last to benefit. in other words, they come after the big guys, signal that the big guys are doing well, then it trickles down? i have seen this happening concurrently in this particular cycle. so, could you help me with that as this goes forward? >> i think that's right, neil. what is important, focusing a little bit on the "gallup poll," three big issues for small business owners, taxes, health care, a strong economy. unfortunately if you could see from last night's debates, for example, the democrats seem to like to talk about taxes. unfortunately about how they
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will raise them. on health care, how they will take your health care away basically. 200 millions would lose their private health insurance. small company, businesses understand will be the growth of their businesses. as our small businesses grow, the economy grows. large businesses can be on parallel track with the small business growth. we'll start seeing both of them grow. you have great wage growth. you have incredible job growth. when you combine those two elements, neil, you will have phenomenal economic growth despite all of the fever mongering we're hearing from democrats they try to talk about recession. remember all of the buzz, just a month ago about inverted yield curves and all that stuff? how the world was coming to an end. that is non-issue now. they're not even talking about it. unfortunately looking at debates yesterday, they spent five minutes of entire two hours talking about issues that matter most to small business owners,
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taxes health care, great economy. neil: they pounded the notion it was great for a lot of people, not for average people. that is the issue they hoped to strike on this election year into next year. do you buy that? >> yeah. no, i don't buy that at all, neil. our small business owners are feeling great. you look at the "gallup poll." small business optimism is fantastic. consumer sentiment is through the roof. we'll have a great holiday season. i'm sure you're out there spending dollars as well for you and your family. economic growth -- neil: no way i'm going out to a mall to do that we'll see what happens. even though i believe in the great economy. certainly not a mirage. alfredo, thank you very much. good having you. >> thank you very much. happy thanksgiving. neil: to you as well. is mark zuckerberg learning something from tim cook? we have new details on the facebook ceo meeting with president trump. next hour. i am the twisting thundercloud.
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i am royalty of racing, i am alfa romeo.
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neil: not exactly a moment in the united states senate but majority of senators are voting for a bill to keep the government funded through december 20th. the voting continues. this is not the omnibus solution everyone thought. will it beats shutting down the government now. where have we heard and experienced this before? we'll see. united auto workers president gary jones steps down as reports heat up. jeff flock has details.
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reporter: it is getting weird out there, neil. gary jones, uaw, his lawyer announced it, gary jones is out stepping down as he was about to be removed from the union. charged by the union embesting union dues and spending money on cigars, golf clubs, crazy stuff. he has not been criminally charged. neither is the previous president david williams, even though he is implicated williams is also now mentioned in the lawsuit gm is filing against fiat chrysler. here is their contention, they believe fiat chrysler got a much better from the union, because sergio marchionne, former ceo was authorizing bribes, in a multiyear pattern of corruption to eventually take over gm.
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gm maintains they were caused substantial damage. fiat chrysler says that is all a bunch of baloney. here is their response from mike manly, the current ceo. we are astonished by this filing both its content and its timing. we can only assume this was intend to disrupt our propose merger with pas. pew go group. we will will con intend to vigorously defend against this meritless lawsuit. this is wacky. neil: it is not going away either. >> no. if you're a lawyer it is good news though. neil: lawyers love this kind of thing. thank you my friend, jeff flock. >> see you. neil: always disarming you don't see jeff moving. he is always moving in his
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reports. it takes on added weight when you see him sitting there. it gives it heightened sense of urgency. given heightened sense of urgency, charlie gasparino is here. parent company of l brands, victoria secret. what is going on here. >> in old days they were stealing fund -- neil: something substantial. >> jimmy hoffa. stealing cigars. neil: excellent point. i will write that down. what have you got for me here? >> l brands could come under pressure. you know all about l brands. you're a huge buyer of victoria secret stuff, i heard this in the hallway. neil: really? >> l brands owns victoria secret, right? neil: got it. >> what we understand it is run by a guy named les wexner. until 10 years ago was close to jeffrey epstein. he have steen was his money
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manager, ran all his affairs. a sort of semiexecutive at l brands. 10 years ago according to wexner he broke up with him after mr. epstein went to jail the first time. he hung himself in jail after being charged again. l brands because of the connection with wexner and epstein has a branding problem. on top of that they have a lot of issues in terms of sales. they're not having very good sales particularly at victoria secrets. they're likely to come under pressure we understand from an activist investor. that may be good for the stock. another thing that may be good for the stock, we've gotten it from sources close to the company they're not ruling out a sale of victoria secret. that is the underperforming but iconic brand as you know, lingerie brand. what are you laughing at? neil: you're an idiot. >> but anyway, this is a big story if they do sell it because the activists and other investors wanted them to sell this. neil: hasn't their business suffered.
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>> they have suffered mightily. neil: have you not been buying that much? >> i have laid off the lingerie. i heard they're moving into videos. we won't get into that. neil: only so much time. >> i think what is going on here, look, the stock is up. we have an intraday. i think i might moved it. i think i might have moved it. where is the intraday? i think the stock is moving on my report -- neil: you're furious because we have don't have intraday. heads will roll. >> i'm looking at you and thinking lingerie. neil: moron. >> bingo. neil: where is this going? >> listen, i think, what we've been told is that activists are circling. they would like to get rid of wexner. he is one impediment to real massive selling of various units. he also has the taint of epstein still on him even though they haven't done business in years. epstein was his protege.
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they were that close. neil: got it. >> they would like to get rid of him. he owns 17% of the company. the activists are circling, if he does go, they buy a stake, they get board seats likely will see pressure on him to leave the company. investors think that is positive. that is why the stock is up on our report. not that neil cavuto is going back to buy some more lingerie. neil: while you're here -- >> before i get fired, right? neil: bashing of elizabeth warren going after billionaires led by likes of cory booker? clearly seems to be alarming the party. >> people forget, cory booker come across like a very far left progressive. he has been playing up to that crowd. before -- neil: he is not really. >> he wasn't. he was very close with moderate democrats who funded the school choice. neil: years of this direction will be suicidal. >> school choice guy. i think it is not just him. i think it is mike bloomberg. they're trying to figure out what candidate they can coalesce
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to stop the party from going off the left-wing deepened. biden had some moments of good and bad last night. i still think there is questions whether he is that guy to hold that mantle. bloomberg is not convinced. that is why he thinking about getting in. cory booker looking to step into that void. by the way if bloomberg does run, i know it doesn't bring much electorally, booker-bloomberg ticket would not be probably the worst thing in the world. neil: got it. >> you're seeing this field freaking out by the left. neil: got it. >> knowing that's the one thing, i mean donald trump -- donald trump is not doing so well lately. one thing that could reelect him? that's elizabeth warren. neil: thank you my friend, very much. intraday chart people are here. >> victoria secrets people are here with a whole new rack right outside. neil: really? you didn't say what i thought
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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ neil: all right. we are awaiting details on the president's sit-down with key republican senators. mitt romney is included in that group as well as susan collins of maine, frequent critics of this president. fair to say mitt romney, more than susan collins. nonetheless, what this has to do with the ongoing impeachment thing, finding a single republican voice to respond to that, anyone's guess. we should get an update very very soon. i should say things have calmed at the corner of wall and broad. we are down about 11 points. i will get to that in a second. it's the impeachment stuff that is gripping main street, obviously. again, not so much wall street. take a look. >> in particular, i asked ambassador sondland if it was true that the president did not
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give an expletive about ukraine. ambassador sondland agreed the president did not give an expletive about ukraine. i asked why not. ambassador sondland stated that the president only cares about big stuff. i noted there was big stuff going on in ukraine, like a war with russia. ambassador sondland replied that he meant big stuff that benefits the president, like the biden investigation, that mr. giuliani was pushing. neil: we've got former house manager during the clinton impeachment trial, bill barr, he says he doesn't really see what amounts to an impeachable offense here. he's been of that mindset for quite some time here. he joins us now. always an honor to have you. thank you for taking the time. let's assess where we stand. i guess the big debate, it's an ongoing one, heated one, as you know, if the president tied anything to aid with the country of ukraine, to this investigation, some republicans have gone so far as to say even
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if he did, there's nothing there and they're disputing it back and forth whether he even did in the first place. what are your thoughts? >> that is my position exactly. the president is entitled to and absolutely should tie u.s. aid to those things that would otherwise adversely affect u.s. security, u.s. relations and u.s. law. if in fact the president believed that there was meddling in the u.s. election by the ukraine, that is certainly a legitimate area for him to inquire about. if he in fact believes that a former u.s. official, namely the vice president of the united states, improperly intervened in ukraine in a way that affects u.s. interests, that is entirely a legitimate area of inquiry also. and simply because biden might then later become a candidate does not insulate him from an investigation. neil: then what do you make of
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this middle ground, i call it middle ground, might not even be necessary or even relevant now, that maybe it's a way to address both sides' concerns saying the president went too far, of course the question is whether the president would even agree to that, it might not matter, but do republicans even have to entertain that? what do you think? >> i don't think they should. the same thing came up during the clinton impeachment. neil: i remember. >> there were some republicans on our side who urged that but it really doesn't mean anything. at the end of the day, it is simply a political move but -- neil: i remember in that case you did not. why not then and apparently why not now? >> well, back in our case, in 1998, there were very clear violations of u.s. law. they were laid out, they formed the basis for the impeachment. in this case there's nothing even approaching that. so given the fact that the
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democrats are still flailing around trying to find something on which to impeach the president, i don't think that the republicans ought to entertain any middle ground because the other side is simply not made out a case. neil: you know what's interesting, too, congressman, they have this measure they are approving to keep the government lights on i guess through december 20th rather than shut the government down right now. so it's another reminder of how this distraction, however you want to call it, jeopardizes getting stuff, constructive stuff done. then we have the separate issue where nancy pelosi says it is very unlikely usmca vote on trade with canada and mexico can come up by the end of the year. so maybe they're reading that and saying uh-oh. >> well, if they are reading the tea leaves and the tea leaves, that is the voters and interests around the country are telling them we want to get some things done and there's a whole range of issues even in addition to those few that you mentioned, and they're looking for some fig leaf to try to extricate
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themselves from this impeachment morass and actually do something, i suppose that would be worthwhile effort. neil: always good catching up with you. appreciate your historic role in this country and guiding us through whatever happens now. good seeing you. >> thanks, neil. neil: meanwhile, the u.s. trade representative robert lighthizer just leaving capitol hill after sitting down with democrats to discuss the usmca and whether there will be a delay or deal at all. edward lawrence has the latest from washington. hey, edward. reporter: hey, neil, yeah, the meeting was with key democrats in that working group as well as house speaker nancy pelosi and the u.s. trade representative robert lighthizer. in that, the administration is trying to get usmca for ratification vote this year. the house speaker told me that the ball is now in the administration's court. she said she's telling freshmen democrats who support usmca that these things take time, hinting it may not come up this year. listen. >> i'm not even sure if we came to an agreement today, that it
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would be enough time to finish, but that just depends on how much agreement we come to. again, we know what the areas have been, enforcement overarching. under that, labor, workers' rights, et cetera, pharmaceuticals, environment. we'll see where we are on all of those. reporter: on china, some clarification from the chinese commerce ministry on reports saying the phase one trade deal is in trouble, calling that just rumors. a spokesperson went on to say that the chinese will work with the u.s. to address core concerns, trying their best to come to a phase one deal. now, also, the chinese indicated that that bill that the president is expected to sign about hong kong will have no bearing on the trade talks. the chinese commerce ministry spokesperson saying the chinese will take separate countermeasures related to that bill should it become law. so chinese angered over it but
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not affecting the trade talks as of right now. neil? neil: thank you very, very much. investors certainly are not panicking over any of this, nor are they on a phase one china deal that would be in doubt. then what happens? to policy strategist greg baliere. it's interesting. so many trade deals to go through, so little time. latest case, whether it's the impeachment or the parties in general at loggerheads, nothing is getting done here. >> extremely frustrating. i think the votes are there to get the canadian mexican deal done in both houses. i think the votes are there but i don't think nancy pelosi wants to do donald trump any favors. they had a screaming match at the white house as you recall about a month ago. i think she's content to let this thing stall. at the same time, i think chances for getting a china deal by the end of the year have slipped by quite a bit. neil: so play this out for me, if you can. this other measure, i'm going to tie it to trade, if you will
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bear with me, the censure measure both parties can agree to, one step short of impeachment, that clears the way or other stuff getting done. to your point, a lot of stuff is not getting done. what do you think of that? >> there's some logic to that which is why it won't happen. whenever anything has -- neil: exactly. it's too logical. >> yeah. it would make some sense. it would sort of extricate everybody from this mess that's going to get worse and worse but i don't see it. i see the hard liners in both parties rejecting it. so i see only one thing moving between now and christmas eve, and that would be a budget. even that could bog down over awhile with mexico. neil: the trade situation has been complicated with china on another level and that is this hong kong legislation that just easily won congressional support, expected to be signed by the president. the chinese warned the president don't you dare sign that. the president looks like he will
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sign that. does it complicate a trade deal there? >> it sure does. i think for the chinese appearances are important. if they get censured by the u.s., that will drag things out even longer. the main problem i think is that there's no agreement on tariffs, on agriculture, and that's the easy stuff. phase two which will take a whole year will be even more difficult. so it's hard to be real optimistic right now on trade. neil: how do the markets, you think, play out something like this, where a mexican deal, canadian deal, is pushed into the new year, a china deal, phase one or whatever we are going to call it, is pushed into the new year, now you are bumping against caucuses and primaries to say nothing of ongoing impeachment stuff. what do you think? >> i think it bogs everything down but there is a silver lining. i think as long as this uncertainty prevails on trade, it means rates are going to stay low. i can't see rates spiking higher with all of this uncertainty on
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the part of farmers, on the part of u.s. businesses. that's the silver lining. rates i think stay surprisingly low. neil: all right. we will see what happens, my friend. good catching up. have a happy thanksgiving if we don't get a chance to talk again. in the meantime, mark zuckerberg making nice with the president, just like another technology executive made nice with the president. what are we to read into these friendly pow-wows more wow than pow? after this. what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence.
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neil: senator mitt romney, senator susan collins have both arriv arrived, this between the old executive office building, the eisenhower building and of course, the west wing of the white house separates the two buildings, but they just entered a short time ago.
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they will be joining four other republican senators to meet with the president, presume bably to discuss impeachment and other items that have come up. we will keep you posted if anything comes up. in the meantime, we have facebook situation and the ceo there talking about potential changes when it comes to political and other policies even, in fact, scoring a meeting with the president of the united states. kristina partsinevelos has the latest on all the above. kristina: yes, scoring a meeting seems to be a lot of bromances forming here but we are 348 days away from the big election day. you have big technology that is slowly starting to crack down on political ads. the latest being facebook. this is according to a report from the dow jones. i did reach out to facebook to get some specifics. they haven't responded back just yet but the dow jones is saying facebook wants to change its ad policies by increasing the minimum number of people you can target. for example, let's say you wanted, you are a political
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campaigner, you wanted to target only 200 people, they may require you to target at least 1,000 or 10,000. the reason they are doing this is because they want to stop the spread of fake news, misinformation. you are starting to see more large technology companies get involved. the latest one within the past 24 hours, google as well. google announced they are going to ban political advertisers from specifically targeting consumers based on political affiliation or public voter records. what you're seeing on your screen right now is big technology versus political advertisers. you have twitter that recently announced they will be banning all political ads. that's starting tomorrow, november 22nd. then you have google announcing today they are going to be banning only political ads that are targeted to you based off of your affiliation. then lastly, facebook, kind of on the fence at the moment. at the are wav
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they are wavering and saying they are considering changes, facebook is meeting with some senators and heading to capitol hill. nonetheless, though, for google, you can still target people based off of age, againgender ap code. when you talk about big technology, of course it will hit some of their ad revenue. i'm focusing on google because i have numbers for them. from june 2018, look at that, that's just in the united states alone, $127 million spent on political ad revenue. in case you were wondering who is the biggest spender of them all during that time frame, trump make america great again committee. those were the big spenders. we will see what facebook, what happens with this bromance. neil: something's going on here. you're right. it is unusual. we are seeing a lot more of these kind of things. thank you very, very much. facebook is confirming the ceo mark zuckerberg did have a private dinner last month with the president. this as he has been meeting with a lot of other tech titans
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including just this week, of course, tim cook. axios reporter on these developments and what she's been making of them. better to have a good relationship or at least a talking one with the president than not, right? >> absolutely. with zuckerberg, he's obviously faced a lot of pressure on both sides of the political aisle from lawmakers and regulators for on one side, the left saying that he needs to be better about combatting fake news and political advertising, and from the right, saying that facebook censors what they are posting. so succeed zuckerberg, we have not try to be on the defense here but taking it to heart and coming to d.c. and meeting with leaders on both sides of the aisle and of course, as we are seeing now, meeting with president trump as well. i think it's important to point out that president trump also has a stake in this, especially as we are seeing things like twitter banning all political ads. it's important for the trump campaign to be able to continue to use facebook to target likely
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voters and to build up their campaign in that way. that's something, an art they have mastered and i think they are seeing concerns republicans told axios they are concerned facebook could start changing that in a way that would impact trump and his campaign. neil: i'm wondering, this taken together with google looking to limit political advertising, to rely on voting records and the like, they are all taking the same nuanced approach. i'm wondering where it leads. >> i think we'll have to see where this goes. obviously there has been a lot of pressure on the tech industry from both sides of the aisle. honestly, to take a look at how these platforms are being manipulated by foreign agents and also by our own campaigns and whether there are ways to combat this fake news, the spread of false information, something that has impacted candidates on both sides of the aisle. it's a real issue. so it will have to wait and see whether these steps that are
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being taken actually do what they are supposed to be doing or whether technology companies will have to find a new way to address these issues. neil: you know, this president, there's no denying his policies certainly have benefited corporate america, including the technology companies whose ceos might not be personal fans of the president, but they cannot deny a lot of his policies have been the wind at their financial back here. do you know how they weigh that and deal with that? >> i'm sure this is part of the calculation, as you said earlier, having a good relationship with the president when you are part of an industry that is very influential and does -- it's a large part of the u.s. economy. that does play a role. you look at apple, where they are more concerned with the china trade policies. they have a lot of their products that are made in china so they have a stake there. i think it's really a case by case issue, what issue trump has talked about, where he's heading on that particular issue and each individual tech company,
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what they have at stake there. neil: we will watch it closely. steph, thank you very much. let's take a quick peek at the dow. what's interesting about this, despite the ongoing impeachment hearings with fiona hill today, the president's former top russian adviser, then you have david holmes, counselor, political affairs at the u.s. embassy in ukraine, they are both presenting, to hear democrats tell it, damning portrayal of the president of the united states. republicans saying nothing new we have discovered one way or the other. but we do know these delays, what is happening now on other issues that a lot of people care about in the markets, but so far, the markets collectively seem to read into this, even though you might get a delay on usmca, it will eventually pass even though you might get a delay in these china trade talks, they too will see a phase one deal early in the new year. that's the hope, at least. when it comes to impeaching the president of the united states, growing indications right now that that's not going to happen. they might go so far as to get a
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vote like that in the house but it will stop dead in its tracks there. right now, even increasing talks to avoid that, maybe just censure him. the republicans in a place to say we are not open to that at all. meantime, a potential huge merger in the financial industry. charles schwab kicking the tires on ameritrade. the question is will it ever come to pass? after this. (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors
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1:24 pm saves you time and money. (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. neil: all right. it was big news this morning with maria bartiromo broke it. news that charles schwab wants to take over td ameritrade. it would be a huge deal if it comes to pass. it would be a $26 billion behemoth at that. to united adviser cio, john trainor. what is the likelihood it does
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come to pass? >> we think it will, and we think based upon what i have seen so far, we think it will be a good move for our clients. we do business with both firms so we would like to see it come to pass. neil: for the individual investor, they are known more for that in the retail investment community, they both cut their teeth there, i'm wondering what it could say about the markets, about the retail investor, what? >> you're hitting the nail on the head. this is really, it's a comment on the retail investor but it's really a comment on financial services across the board. if you think about, you know, the move just a few weeks ago to zero commissions, if you are making bad decisions and you pay five cents a share or zero cents a share, the key thing is you made a bad decision. so what you're seeing a lot of individual investors focus on is where is the value in this relationship. they are saying the value is not
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in the transaction, the value is really in the advice. so whether you are a hedge fund manager or any kind of financial service provider, you are seeing the industry really move away from transaction fees and the low value-added services and move more to the high value-added services. so we think this merger is really a statement on what we like to see in the industry. we are moving in the right direction. we are moving toward higher value in the industry. neil: i just wonder what it will mean to the big boys, fidelity or merrill, goldman sachs. should they worry? >> absolutely. absolutely. if their business model is really focused on those lower value-added services which, again, you will see i was in greenwich this morning and you are seeing a lot of hedge fund managers struggle because people are saying they were just providing basically alternative beta. they weren't really providing a lot of value. you will see fidelity and goldman say what are we really
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providing to our clients, are we providing value to them, if we're not we are going to be commoditized like the rest of the industry. neil: you mentioned at the outset and you always say revealing things that i catch on after the fact. one was about the zero fee kind of environment we've got. i'm wondering if that could accelerate risky trading on the part of individual investors because all of a sudden you're not really concerned about the cost of administering that but it may lead to reckless behavior. what do you think? >> it absolutely could. it absolutely could. that's a concern. we look at the upside, zero commissions, this is great, it's a free lunch, but there is a downside. this could lead to heightened trading which would be terrible. you have seen all the studies we have seen. most people, the more they trade, the worse they do. so we would hate to see that happen, that acceleration in
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trading. neil: while i've got you here, i'm taking advantage of it, leveraging you here, what do you make of this market right now and the environment right now? in and out of records on an almost daily basis here, markets absorbing impeachment, absorbing disappointment on the trade front, absorbing disappointment with a usmca deal that could be delayed, on and on. what do you make of it? >> as i said, i made a presentation to about 80 people this morning and the focus was for the last ten years, you have been paid to take risk. you have been paid to overweight equities, underweight bonds, to add risk to your portfolio. what we are saying right now is with the environment that we see going forward, and we think the economy will continue growing slowly, but grow, we don't think you are being paid to take the risks so what we are advising people to do is just dial back the risk in your portfolio. cut your equity allocation. go back to normal. don't overdo it. so we are positive on the environment but we just don't think you are being paid for the
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risk like you were in prior years. neil: very interesting read. hope you have a great thanksgiving, my friend. meantime, we are getting word, it is official. michael bloomberg will be filing the paperwork to become a 2020 democratic presidential candidate after all. charlie gasparino has more. charlie, i guess it's now official. >> well, he has filed the paperwork. fox business has learned, we do have the paperworks, it's official. he has filed it. so it's a one-page form, statement of candidacy from michael r. bloomberg for the democratic party and it's under the name of mike bloomberg 2020 inc. this sounds official. i will say this. we have been talking to people as the sort of rumors started to go around about this thing, this is a major step forward towards running. it doesn't mean he's definitely, definitely in. doesn't mean he can't pull back. but it is more than a
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perfunctory step towards running for president. it shows he does have absolute intentions to do it but again, you know, he's a very fickle guy. it's a crowded field. you know, we have been told until you hear it out of his mouth that he's definitely doing it, don't, you know, don't say he's definitely doing it. but this is clearly a major step forward filing the paperwork, putting a stamp of approval that hey, i want to do this. it's interesting that it came right after the debate last night. you know, if you hear from the biden people, they will tell you, i spoke with them this morning about the former vice president's performance, it was good enough. obviously a lot of people don't think it was good enough. he was halting at times, he made a couple gaffes, he was strong on some parts, points, but still, there's an underlying wa waryness among moderate democrats that he doesn't have what it takes to bring this home. we should point out that right now, i know for a fact, sources are telling me, telling fox business network that biden is
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meeting with democratic mayors, he's having a major meeting in the south with them. he did not know that bloomberg was filing the paperwork. it came as news to him when i made the call to someone that was -- who was in the room and biden hasn't mentioned it and it hasn't come up. so that's where we are right now. it looks like he's definitely in it and that's the best you could say here until he's definitely in it. but this is a major step, filing this fec form. looks like this is getting very interesting. but we shall see. neil: all right. thank you, my friend, very, very much. for those of you who just joined us, maybe the former new york mayor, multi-billionaire mike bloomberg tipped his hand when he had a mea culpa for the stop and frisk policy that landed him in hot water with african-americans who thought it was racist in nature. he apologized for that. that might have set the stage for this, that he has filed the paperwork to become a
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presidential candidate after all, running as a democrat in what is still a very very crowded field. stay with us.
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neil: we like to tell you when fox says it's invested in you, we mean it. student loan debt is piling up. the education department is relaunching a tool to break down the value of your college degrees, in other words if
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they're worth the degree itself. deirdre bolton has been crunching the numbers. deirdre: this is all about transparency but of course, it depends on where you go to college and what you study. here are the estimated starting salaries for two students, both graduating from iowa state university. we just picked this. as you can see, a civil engineer can expect to make, call it almost $61,000 a year. a history major, same state university, north of $30,000 a year. some experts say don't count out the history major, the liberal arts majors too quickly. longer term they often go to law school or business school but out of the gate, it is clear the civil engineer will start at a higher salary than a history one from the same school. now, where a student graduates from, also important, of course. it's about brand. here are the starting salaries for graduates from three different schools, all computer science. these are monthly salaries but i will go through. duke, rutgers and florida state university. if you multiply by 12, the duke university computer science grad
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makes around $100,000 a year. you can see rutgers in the middle. then florida state university, basically $51,000 per year. essentially, the duke brand if you like is worth almost double of a state university. with college debt reaching $1.5 trillion in this country, obviously all these issues are front and center in most parents' minds, most students' minds and voters as well. this is a huge political talking point. on that note, yesterday secretary betsy devos relaunched this website. this is where the transparency element comes in. college score you can get an idea of what the salary will be before writing tuition checks. in the past it was up and running but you kind of got general information about earnings and debt. you didn't get information about specific degrees from different schools. of course, the trump administration wants to bring
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more transparency to these family educational and financial really investment decisions. back to you. neil: makes perfect sense to me. thank you very, very much. meanwhile, amid a growing focus on manufacturing jobs, is there another field that americans should be really targeting themselves? grady trimble has that look inside the rise in aircraft mechanics. big booming field, i guess. reporter: first thing i will point out, after deirdre's report, no college degree required to be an aircraft mechanic. i want to show you something you don't see too often. this is an engine of a massive commercial plane, something that you and i have been on many times. you don't get this view too often. what they are doing here is they are doing essentially a routine inspection on four different aircraft in this facility here. every two to six years, every airplane that flies, whether it's commercial or freight, has to go through this inspection. so that's where the problem arises. there's a big shortage in these types of workers, these aircraft
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mechanics who do these types of inspections. ryan gertson is with aar, a company that does aircraft repair and maintenance. you have a massive shortage and you want to get the word out that these jobs are out there and there's no college degree required. >> that's right. no college degree required even though we partner with a lot of aviation maintenance schools, both universities and colleges. we also partner with just schools that will provide the feed that we need through sheet metal programs and those kinds of academic programs. reporter: these are good-paying jobs. some college grads make 50k right out of college. with this program, the partnership at lake superior college and other colleges, you could make that much without even having an associate's. >> correct. absolutely. you can get an faa certificate degree program that leads to faa certification and be able to come right into aar or any facility from an aviation perspective. reporter: just an interesting tidbit. this plane is completely gutted which means there are no seats in it whatsoever. i asked if they could kind of space them out when they put those seats back in so we get
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more leg room. neil: curious how that works out. thank you very, very much, grady trimble. couple other developments we are telling you about. you know about the mike bloomberg thing, it looks like he is indeed running for president. we told you about a delay in a couple key trade deals right now that are sort of rattling the markets. now we are learning when it comes to usmca, the deal we have on ourselves and the canadians and mexicans to cobble together something by the end of the year and all of a sudden it wasn't looking likely, nancy pelosi wasn't optimistic that something could be done by the end of the year. now the house speaker is saying that they have made progress on this, has met with robert lighthizer, the president's trade point person, representative, where they might be able to have something on that. whether that telegraphs a deal by the end of the year and what it could mean for phase one of the china deal, anyone's guess. right now, what was dismal is looking anything but. after this.
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neil: billionaire michael bloomberg, former mayor of new york city, has filed the paperwork to make a presidential run with the democratic field, crowded as it is. to "making money" host charles payne. how does this change the dynamics, you think? charles: i think what it does is underscore what we are seeing right now, and that was on stage last night in that the moderates have reclaimed for now sort of the momentum. we saw for a moment where it was elizabeth warren and bernie sanders had clear momentum. when you started to add up the numbers, whoever they were, you know, were superiorly above their counterparts. now buttigieg is there, biden is there, cory booker making a claim for the moderate lane as well. you have two new entries, deval patrick and possibly mayor bloomberg. i think for the democrats, it means maybe, maybe they are trying to stave off or will
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stave off the far left of their party, but there are still going to be some uphill. obviously we know it will be an uphill issue for mayor bloomberg. neil: one thing i'm wondering, michael bloomberg is a pretty good guy with numbers. i suspect, this is me suspecting this, he's crunched the possibility in a crowded field, no one is going to arrive at the delegates he or she needs by the first ballot. that could change, often does. history suggests at least longer term history that many times it doesn't. that's what he's banking on. indecision on the part of no firm nominee by that first ballot and then it's open season afterwards. charles: open season, the super delegates get to weigh in and of course, they will probably be the king or queen makers. neil: they only weigh in on the second ballot afterwards. charles: right. so if you don't have a nominee after the first ballot, it gets back to the old ways, the power brokers get a play and maybe michael bloomberg will have more sway there.
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but we got a party that was united on one thing at the beginning of this, that it was the woke young party, it was going to represent younger americans and so interesting, again, we've got so many older leading candidates in this field on the democratic side that the face of the party may not match what they're saying to the american public and they will have a problem with that, i think, among other problems in a general election. neil: what was interesting is that the party is turning on that extremely progressive, go after the billionaires part. when you saw cory booker going after elizabeth warren and saying you know, this is not worked in the past, it's hard to administer that, it's a wealth tax, that is just the latest sign that they are alarmed. charles: it was really wonderful to hear democrats talk about the american dream and people pulling themselves up by the bootstrap rather than the government playing a role of taking from one group of people and giving to another to level the playing field. you know, the idea of entrepreneurship, the idea of people who are economically
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behind in this country having avenues to fix that themselves. it was a wonderful moment, to see that. i think a lot of people are hoping that maybe the warrens and sanders, after we had a chance to look at the numbers, she rolled them out there for us, we have seen them and you can see that she is now in some serious trouble. neil: she might look back at this time as a serious miscalculation. we'll see. still early. long way to go. all right. see you in about 12 minutes, my friend. charles payne. meanwhile, taylor swift, her spat with big machine records could be a big reason maybe for a grammy snub. i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts!
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snodz ♪ ♪ ♪ neil: disney is looking to "frozen 2" to heat up the box office. the company is now poised for its $6 billion film of 2019 when "frozen 2" hits theaters. to politics host alex clark, fox news headlines 24/7 anchor bret larson. what do you think? here we go again. >> we are all going to have a new song in our heads. can't you wait for it? it will replace "baby shark." neil: could you imagine that? that's a battle royale. >> that's the battle. that's the one i want to see usurped. as you mentioned, $6 billion film this year potentially. "frozen" is expected to lift the box office. deadline reporting that actually sales at the -- domestic ticket sales are down from this time
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last year. but starting monday, and for some kids, this week, the holiday break will begin for the thanksgiving event that we all get to enjoy so we will probably see a lot of eyeballs on the screen for this movie. it opens for the holiday weekend. they are expecting the average "frozen" global debut, $242 million globally. that would be a hit. i believe it would actually break the record which the original held for, biggest box office for an animated series. they have the hits lined up. neil: they do. what do you think of this, alex? this is something that eventually will be streamed on their service, right? >> yeah. let's just hope they nail it because we saw how disney really didn't do great with their last "star wars" installment. they let a lot of people down, lot of fan base disappointment. there will be a lot of sad little girls if they do not do well on this new "frozen" movie. neil: do you think that --
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obviously the more billion dollar films you have, now an arsenal they got from 20th century fox, of course, when they had that deal with our parent company, that they are going to have an arsenal there and they will be able to leverage that, build off of that, sequel tos to that, streag possibilities from that. what do you think? >> oh, this is going to be a massive blockbuster for them. every single family over thanksgiving break. all the kids are going to be anxious. it's going to be like christmas but throughout thanksgiving dinner they will be like can we go see the movie. it's just going to be like christmas, kids wanting to open their presents. neil: in the meantime, i do want to get your take on taylor swift. a lot of her fans are taking to twitter over their star not being nominated for a single grammy for record of the year. they think that that's because of their battle with her label. >> i don't think that's why it's happening. i think what we saw this year with the grammys, there's a lot of really good new artists.
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but we haven't seen taylor -- [ speaking simultaneously ] >> with hit songs the kids know. we haven't seen taylor swift get this kind of treatment since kanye joined her onstage. neil: is it coincidence? i do wonder about that. is it coincidental this happens in the middle of a fight with her record label that now has the rights to her songs and we're told she can't sing those songs. what do you think? >> so i would actually like to jump in on this. the thing about taylor swift, yes, she is snubbed for album of the year for her album "lover" but is nominated for song of the year for "lover." she is the only writer on this song which is awesome. of course she's fighting for artists to be able to own the rights to their work. the biggest or most ironic part of this entire thing is that during the midterms, taylor was trashing senator marcia
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blackburn from tennessee, saying she's awful, don't vote for her. senator blackburn is the one person who is fighting right now for artists to be able to own their work. yay, marcia. neil: i'm wondering with this whole thing, can she sing her songs or can she only now start singing them at her age, some of these go back to when she was 16 or 17. >> i think the rights holder stepped forward and did say yes, we are going to allow you to play the songs. i know there was an issue which she may have owed them some money, might have been a money issue, so when she got into the twitter spat with him, that was made public. the spat is still ongoing. but it is an interesting point. should artists own their work. if you are a singer, if you just sing the song, you don't get the same amount of money from the music as if you wrote the song. we have to wait and see. neil: final word. alex, we want to thank you both very, very much. do we know if adele was
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nominated for anything? >> no adele this year. neil: wasn't a slight. had she been there -- >> she's getting together with someone who she can break up with so she can create a new album. >> she just went through a divorce. now she's dating someone new. neil: stop. all right. okay. a lot more coming up. republican senators are meeting with the president, including ones who have been very very critical of him, including mitt romney and susan collins. they are there, too. i could say being a fly on the wall but that would be rather cliche. imagine you were a fly on the wall for that. more after this. 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.
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neil: nancy pelosi is trying to cobble together something on the usmca deal. that's the trade deal we have, at least the president has scored with the leaders of
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canada, right now and mexico. didn't look like they would get this done before the end of the year. now signs that might happen after all. i will talk to former house ways and means committee boss kevin brady on that. he says that is crucial, crucial, crucial, that gets done. to charles payne right now. charles: thanks a lot, neil. can't wait for that. good afternoon, everyone, i'm charles payne this is "making money." what has been missing this year from this year's record market run? merger mania. that may be about to change. a potential blockbuster deal between charles schwab and td ameritrade sent shares of both companies soaring but they're not the only stocks on the move. i will ask my guests what takeovers could be in the pipeline. wealth taking the stage at last night's democratic debate. we'll look at winners and losers. how the swamp strikes again. how republicans sided with


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