meetings that the president has with the president of ukraine and prime minister of japan at the news conference here to get to the next two minutes and wait for nancy pelosi to come out. >> democrats trying to pull the focus back to washington as the president is on an international stage at the un but we will see what nancy pelosi has to say and what that transcript is tomorrow that does it for us. connell: "bulls & bears" starts right now. ♪ david: breaking news out of washington dc, house speaker nancy pelosi addressing growing calls for impeachment of president trump. making a statement at any moment from capitol hill. sources telling fox news and she will indeed announce a formal impeachment inquiry of the president. the president reacting saying this move would be a positive for us. house republicans will respond and we will bring you all of this as it happens life and we will tell you what it could mean for the president, the markets, trade negotiations, election and a whole lot more but let's listen to nancy pelosi.

>> the adoption of the constitution on september 17. sadly, on that date the intelligence community inspector general formally notified the congress that the administration was forbidding him from turning over a whistleblower complaint. this is a violation of law. shortly thereafter press reports began to break of a phone call by the president of the united states calling upon a foreign power to intervene in his election. this is a breach of his constitutional responsibility. the facts are these. the intelligence community inspector general who is appointed by president trump determined that the complaint is of urgent concern and credible. it's disclosure went on to say it relates to one of the most significant and important director of national intelligence responsibility to the american people. on thursday the inspector

general testified before the house intelligence committee stating that the acting director of national intelligence fought him from disclosing the whistleblower complaint. this is a violation of law. the law is unequivocal. dna staff - it says the dni director of national intelligence shall provide congress the full whistleblower complaint. for more than 25 years i've served as the ranking member as part of the gang of four even before i was in leadership. i was there when we created the office of director of national intelligence and that did not exist before 2004. i was there even earlier in the '90s when he wrote the whistleblower laws and continue to write them to improve them to ensure the security of our intelligence and the safety of our whistleblower. i know what their purpose was and we proceeded with balanced

and caution as we wrote the law. i can say with authority the trump administration's actions undermine those our national security and our intelligence and our whistleblowers. this thursday the acting dni will appear before the house intelligence committee. at that time he must turn over the whistleblower's full complaint to the committee. we will have to choose whether to break the law or under his responsibility to the constitution. on the final day of the constitutional convention in 1787, when our constitution was adopted americans gathered on the steps of independence hall to wait the news of the government our founders had crafted. they asked benjamin bricklin what do we have, a republic or a monarchy? franklin replied a republic, if

you can keep it. our responsibility is to keep it. our republican doors because of the wisdom of our constitution and trying to in three coequal branches of government serving as checks and balances on each other. the actions taken to date by the president has seriously violated the constitution, especially when the president says article to says i can do whatever i want. for the past several months we've been investigating in our committees and litigating in the courts. so the house can gather all the relevant facts and consider whether to exercise the full article one powers including a constitutional power of the utmost gravity, approval of articles of impeachment. this week the president has admitted to asking the president of ukraine to take actions which would benefit him politically. the action of the trump presidency revealed dishonorable

facts of the president's betrayal of his oath of office, betrayal of our national security and betrayal of the integrity of our elections. therefore, today i'm announcing the house of representatives moving forward with an official impeachment inquiry. i'm directing our six committees to proceed with their investigations under that umbrella. of impeachment inquiry. the president must be held accountable, no one is above the law. getting back to our founders and the stays of the american revolution thomas paine wrote, the times have you found us. the times found them for them to fight to establish a democracy. the time has found us today. place ourselves in the same categories of our founders but we place us in the urgency of protecting and defending our constitution from all enemies foreign and domestic. in the words of brent franklin,

to keep our republic. i think our chairman, chairman nadler, chairman shift german angle of foreign affairs, chairman cummings of oversight and i've been in touch with chairman cummings constantly and is the master of so much but including inspector general and whistleblowers. congresswoman neil of the ways and means committee, congresswoman maxine waters of the financial services committee. i commend all of our members and our colleagues for their watchful, thoughtful approach to all of this in their keep careful statements. god bless them and god bless america. thank you all.

david: there you have it. speaker pelosi not taking questions officially announcing the beginning of an impeachment inquiry. something which she has been hesitant to do for many months now. all through the mueller investigation and after the release of the mueller reports she resisted it but we are, by the way, going to receive a republican response to the comments of speaker pelosi any moment now. we will go there as soon as it happens. let's bring in edward lawrence who is inside the beltway following the turns and twists of this. again, edward, she has been resisting calls for impeachment inquiry for a long time and this has nothing to do the mueller report and everything they were investigating but this is all stemming from the inquiry about what happened with the president calling the ukrainian president. >> exactly. she's pegging this on that whistleblower complaint say there was a testimony in front of congress and the dni, director of national intelligence for bed that person for billing information or passing along the complaint to

congress during that hearing so she is pegging this on that and the president's comments saying that he could do whatever he wants is what she said and she said the president this week admitted that ukraine would help him. that ukraine would help him politically there. the president trying to go forward with this and nancy pelosi saying again, this is all bowing to the pressure within the party. two thirds of the democratic party, her caucus, her members are pushing for impeachment. moderate members have been since monday. they're trying to go forward with moderate members of trying to add your voice to go forward with articles of impeachment but right now it's the inquiry and investigation part of it going forward and possibly moving to articles of impeachment but at this point and the policy starting that process today. david. david: edward, we should remind our viewers why she was so

reluctant to start this inquiry. primarily, because the senate is controlled by the rebel kids and if in fact the president is impeached by the house of representatives he goes to the senate for a full trial and it's unlikely there's going to be any chance of a connection with replicants and control. >> is a simple majority in the house but it is two thirds of the senate that would have to convict the president during that trial and the chief justice for the support overseas that period of only to present have been impeached, andrew jackson and bill clinton. either of them removed from office for both acquitted in the senate. richard nixon resigned before the impeachment came for a debate in the house and it did pass the committee though. david: but as we remember bill clinton did very well in finishing his presidency. in fact, he got legislation done during the impeachment inquiry and in fact, left office pretty well respected president but at

least in terms of the economy. >> republicans in that letter that impeachment did not bode well for them. they lost the house of representatives right after that. that is one of the reasons we been hearing that nancy pelosi has resisted up till now going forward with this impeachment process but again bowing to the pressure of her party. david: edward, thank you. we will go back to you as soon as we get response from the republicans and we should remind you for the tics of the market today they were down partly because of their marks of the president of china but really took the downward turn after we got john lewis commenting and is a respected member of the house of representatives saying he would be in favor of an impeachment inquiry and that's when the market began to drop it and leads us to question the panel itself as to how it impeachment inquiry, if there is an official inquiry impeachment of the president how markets would react. >> david, this morning we came up about a hundred points and as he said as news of lewis' statement and the likelihood of now speaker policy statement coming up the market sold quite

hard. it rallied briefly when he announced he would authorize the release of the transcript of that ukraine call but now even after the bell after speaker pelosi's call they have the futures have fallen another hundred points with hard to look any more than short term but the market does not like this talk. >> i agree with jonathan. whether the right or left hand side it's never good for the presidency and not good for the country and that's why there's only been to in our couple hundred years of the constitution. i think it's unfortunately it's a tough day for the country and were already so polarized and this will make it even more polarizing. >> this scraps and in for structured dill or other things the market was hanging on. >> like the u.s. of ca? >> right, and production deal anything on immigration debate and we need to move this country forward not backward and so the market was hitting on those moon shots that something could get done but now seen there will be still meet in washington.

>> absolutely, the market hates uncertainty. anything else you add into the mix will be a negative for the market and like you said, whether it's u.s. mca or the china deal there's no way we won't make progress on the china deal with this hanging out there so that means the market is hanging on by the metals of the fed and whether that's enough to hold up the market, i'm not sure it is. david: robert, there was stuff done during the clinton impeachment. >> those were great years for stocks. david: realignment of our welfare policies about the rub against the democrats signed off on and we cut the capital gains tax which was significant for the market boost after that so despite the craziness of the impeachment you can get this. >> yeah, it's very different today than then. the environment is much more polarizing and you had a president and bill clinton who wanted to get things done. my gut tells me president trump will take it a bit to family. david: he's already taken a take

on it and we have a new tweet from the president right now. quote, such an important day at the united nations, so much work and so much success in the democrats purposely had to ruin and demean it with more breaking news witchhunt garbage so bad for our country but john, you knew was coming. >> that's the complete opposite of house speaker pelosi framed it as a violation and she mentioned twice a comment is a violation of the constitution and echoed ben franklin, famous line, republican republic if you can keep it. democrats are positioning themselves as a constitutional and the president saying it's a section from the real worker. >> we've spoken about this for months and everyone knows i'm a staunch democrat and not supportive of this action. it changed for me the last few days. i will tell you what why i was not surprised. last night an op-ed came out from military service people that were part of freshman class

of congress and they did not want to go there. once they went there i think they really thought this was a whole new environment. it will be upsetting to all of us. david: and fort mr. biden as well. we've heard from the speaker, house publicans are expected to respond and we will bring you there comments life when we return and when they begin. president trump fleming beijing at the un but will try to agree to a trade deal? there's a chance the president will be impeached. west former trump campaign advisor, curtis ellis, coming up next. ♪ >> hopefully we can reach an agreement that will be beneficial for both countries but as i have made it clear, i will not accept a bad deal for the american people. ♪ that's why your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today.

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pelosi announcing a formal impeachment inquiry into president trump based on what happened with this ukrainian phone call. we are starting to hear from house republicans at any moment to respond and we will bring you there comments life as soon as they begin. >> not only has china declined to adopt reforms but as a brace and economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, force technology transfers and the theft of intellectual property. and also, trade secrets on a grand scale. david: president trump calling out china by name at the un general assembly today. the president making clear he will not accept a partial trade deal. the question really is whether this new impeachment regal, if you will, the whole political situation with the u.s. will affect the china trade deal, u.s. mca trade deal, any kind of trade deal. what you think, kevin mack.

>> if there is a wrinkle in the whole matter but i was pretty pessimistic on a trade deal getting done because he thought the chinese would go 95% of the way there and pull back in a frustration on our end whether we could even get them across the line. we weren't making a lot of progress and we've seen our european allies coalesce around the u.s. position especially at the wto and european companies are frustrated with the tech transfer and i fight the president went to the un general assembly that we will stay steadfast in a position to bring the chinese around. >> this is a double whammy. in terms of the chinese culture one of the things that's important to them certainly to president she is to say basement for president trump to go out and slam china on a national stage is not going to be taken while culturally. when you have that on top of the fact that there will be these impeachment hearings likely i think that will put back in

china's corner the idea that we will play the long game here and make the percentages of getting a china deal done goes to zero at this point. >> i think the president went on the national stage and said screw it. they went after china and iran and after migration when after the things he's been speaking about for two years and i think he's all in. i don't see him backing off and i think it probably both well for where he is with his electric bass as well. david: here is former trump campaign advisor curtis ellis. having enough trouble as was with the china trade deal, not to mention usmc trade deal so how is the impeachment inquiry wrinkle affect all this? >> these are two separate things. we seen the democrats express this ridiculous statement that we should get tough on china but i don't wait president trump is doing it and we should do it in conjunction with our allies which is a bunch of nonsense and

what president trump did today by going to the united nations and before all our allies in the entire world calling china out for its lying, cheating and stealing is he is building the coalition of allies and the democrats will have to probably just shut up about they don't like . david: good luck on that one. >> honestly, does the president wanted trade deal? there's no objective criteria by which he would accept a trade deal in the past they talked about the trade deficit that has expanded so does he want a trade deal or is his real goal to essentially get us to stop trading with china to have other supply chains? >> thank you but he's been very clear and he was clear at the un today but he wants china to stop lying, cheating and stealing response china to live up to the agreements it made we let them join the wto and 2001.

we are now 40 years into an experiment that said if we trade with china and play nice with them they will become more democratic and respect the rule of law and respect private property but none of that has happened. everyone agrees none of that has happened. we should not continue trading with them on the same terms. the definition of insanity is doing the same thing in exciting different results. >> curtis you bring up a big point but it's not just trading but it's on a global stage. as the u.s. - are they willing to stand up and give infrastructure . david: ten seconds. curtis. >> every dollar we send to china they build up their military and build the belt and wrote initiative and we can lend money on better terms than the current deals china is making. david: curtis, time we give you more time with we had a lot of breaking news. we are expecting to hear from house republicans at any moment and we will bring you there rebuttal to what we heard from

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david: there is the news of the moment but speaker policy making the announcement at the top of the tower we are awaiting the republican response. in the meantime, let's bring in texas congressman brian babin. conversely, good to see you. how would you respond to speaker pelosi's announcement? >> its stunning to me they would have an impeachment inquiry of six committees based on hearsay of someone who is a whistleblower and they not even identified and who was not even on the call. they not waited to see what the transcript of the call is that will come out tomorrow. i think we are looking at more of just a vendetta against the president. it will take - you know, the agenda that we have really badly needed legislation that should be coming out of these committees, especially judiciary, and this will take up or suck up all the action and in the room. i have a feeling a very distinct

feeling this is going to come out to be nothing and to top it off, david, we've got vice president joe biden who admitted to even worse so we will see what the transcript shows tomorrow. >> congressman, this week and political theater we have democrats who will wonder what begins to go out on record in the room begins will call it the witchhunt but the first time ever in impeachment history we now have social media and we will have every person in america and around the world weighing in on twitter and facebook. this will have a lot of political ramifications. how does this end up shaking out for the democrats and the republicans in terms of 2020? david: i'm sorry to interrupt you but they want us to go to alexandria ocasio-cortez who is now speaking. left listening.

>> i think we have to hold this president accountable. we have to protect our democracy. i believe that we will be doing so right now. thank you. david: that was about as much time as i think we deserve on that one. go ahead, congressman. i interrupted your response. >> carol, run that question by me one more time. i was listening - >> to boil it down you got the court of public opinion for the first time, people on facebook and twitter that will be weighing in on what will is going on on the democratic republic and type it how do you think this ends up shaking out for 2020? >> i think it shakes out for the republic. i believe the american people are sick to death of a vendetta by the democratic party and the mainstream media against this president. just think about this president could have been encompassing. he's already done so much. look at our economy. we got 68-70% just decrease in

order crossers now. we've got really good things. one of the best economies in history with other legislation we ought to be working on as well. they are taking all the time on this and i believe the american people are sick of it and want to move on and don't appreciate this president being attacked constantly and denied a victory because if he gets a victory the whole country is a victory on the economy and many other issues and he's being denied that the democratic party and their leadership. >> congressman, the inspector general has been fired from putting forward the whistleblower letter which supposedly is the right by congress to see that. do you think that letter should go forward or not? >> i think we need to find out who this whistleblower is, what he has said - >> you think that congress should see the whistleblower letter that the inspector general thinks should proceed

which the dni is precluding that from going forward, that's a yes or no question. >> let me say this. this whole inquiry for impeachment is based upon this and let's get to the truth. this is what needs to happen. we got to see the truth here. >> so should congress receive the whistleblower letter? >> it seems reasonable to me but i'm not in there and obviously you have a different opinion. >> i do. david: congressman brian babin, shorter time that we would have liked but a lot of breaking is. we appreciate you coming in. >> absolutely, big date. david: bernie sanders out with a new tax even he calls extreme. we talk about his latest attack on the wealthy. that is coming next. ♪ into one monthly payment. and get your interest rate right. so you can save big.

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(vo) go national. go like a pro. ♪ >> i will do my best to do what i think the american people want. that is to end this grotesque and obscene level of income and wealth inequality in america today. david: 2020 democrat bernie sanders upping the ante quite a bit with an announcement of even more aggressive wealth tax and

liz warrants a plan. even sanders calling it extreme bit 2020 candidate now calling for an annual quote, extreme wealth tax that would hit more household and raise more money according to him than the wealth tax proposed by elizabeth warren. sanders new plan will also include something called a quo quote, national wealth registry. interested to see how that works out but what we think of bernie's attack on wealth? >> it's horrifying. it's also counterproductive. as soon as you start taking while these people money, they take it out of the productive investment enterprises that gave them that well. bernie's whole mentality and this is the same thing with elizabeth warren is that you do not build that so if you earn whether $100 or $100 million that's not yours but if there is to redistribute frustrating you think of who is wealthy. bill gates, walton family, steve jobs, these people earn it by providing huge values we should give them a tax holiday yet the democrats want to go and snatch. david: not all democrats spin and i'm with you guys. listen, this is even to the left of elizabeth warren. it's not surprising. right now elizabeth warren and bernie sanders are getting hit

by having to pay for medicare for all. he came up with a plan to give them about $4 trillion. joe biden will ask him where to get the other 30 trillion to pay for medicare for all? this is just who's more left, elizabeth or bernie. he's lost moments of this month to elizabeth and is not surprising came out with something to the left of her and i'm not supportive of it. >> have you noticed that he stopped reeling on millionaire since he's become a millionaire and has multiple houses. now he's focused on billionaires because he can't talk about millionaires. you are going back to oprah or michael jordan, bill gates but if you think of something like bill gates and the values he's created in life is transformed not only with microsoft but after that invested in an attack in trying to eradicate polio and bringing hygiene to countries around the world. what has bernie sanders done? he's been in congress since 18 1856. and no legislation, schmitz.

>> i don't know why everyone is missing the main theme here. lowest incomes have the best they've ever been. our standard of living not only as a nation but as the world is the best it's ever been. times have never been better. bernie sanders is out on the road talking to people and is getting the wrong information because first of all the economy is doing great and incomes are doing great though he's talking about income inequality. david: i would like to ask jonathan about this wealth registry. it's reminiscent of the soviet union were you put in a list we have your number and know where you live and watch out . >> it's truly horrifying. it encourages more tax

malfeasance and more hiding of wealth and unproductive uses of wealth. we talked about this for 20 years, inefficiencies of the tax system and people like bernie sanders and was warren want to blow it up even more and want government to have every element of your pocketbook and of course it starts with the billionaires but you don't think it comes down to the hundred thousand? this is life under this soft socialism that is mainstream in america now. >> i'm not sure - go ahead. >> it's a violation of basic property rights and going back to what we talked about before he would rather have the government have the money and do something with it or bill gates have the money and do something with it but i'm going with bill gates everything will time. david: or the mr. stier, democrat running for office. by the way, we've had john delaney on and also a democrat for the nomination and is pretty low figures with chances are pretty slim but he said it unconstitutional. he said were not passed muster. >> they said that about the income tax, too. david: prices are growing at this no space in years and why this could be a bad sign, this is the next. ♪ fisher investments tailors portfolios

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♪ david: a new report showing home prices rose just a little over 2% over the past year writing at the slowest rate since 2012. it is a cause for concern? >> not all real estate is created equal so if you go to states like arizona they're doing exceptionally well and that's where a lot of the games were and so it goes back to that economy driving because they have an educated population in the property taxes aren't that high and all new jobs coming over so you are seeing a government functioning. >> yeah, that's exactly the cost i have for concern in illinois. it's one 100% the government's fault. our property taxes are so high and are going through the roof and that means middle-class families cannot afford the houses they are in now but when someone comes to buy the house they have to factor in not just a one-time cost but the ongoing cost of property taxes that continue to increase it on top

of that the fact we kept our deductions means the higher end people are trading in and out other houses so yes, it's a cause for concern and the fix is to get rid of government. >> the chicago fed came out over the summer and said basically we need to pay the property taxes even more to bailout the state. the chicago fed came out and said it themselves. >> to your point is location, location, location. in those locations like chicago, illinois and the new york suburbs where the taxes continue to go up property values result. the house is not like a savings bond. not investment people should by expecting that it will go up year after year especially since government still controls the housing market through its nationalization of fannie and freddie. >> i think we underestimate how this can impact the economy in a negative way because it changes the mobility of those people who try to change their job or do

better for themselves. it impacts everything because a lot of people savings are in their home. whether we think it's the right or wrong thing to do. >> it's a canary in the coal mine. >> i do. irrespective of rates being really though it still difficult for people to get loans and still difficult for people to sell their homes. yes, there are some locations doing well but there are more states not doing well. >> and the state not doing well, southern california, it's the same local municipalities are doing limit of permitting. we need the state and local government to get together to entitle those permits and give it out because you more jobs being created in california then beds. that is the issue. it's a state and local government the need to get their act together and not a federal situation happening right now. it is the local economy. david: you mention property taxes but other taxes could affect. anytime you hold up the process of buying or selling a house which is what manhattan is doing right now because we have extra

taxes, extra taxes on purchases and sellers and it ends up the whole system, right? >> right and then you move in and buy something at the grocery store and they charge you for a plastic bag. they continue to not understand the reason people are fleeing these municipalities is because of the over taxation. they don't understand they are in competition with the other states. if you are in a state like arizona, great for you but like illinois, too bad for me. david: god help us. wall street journal breaking news that we were ceo is stepping down. what this means for the company's future. we debate that, coming next. ♪ there's the amped-up, over-tuned, feeding-frenzy-of sheet-metal-kind. and then there's performance that just leaves you feeling better as a result.

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♪ david: trump 2020 campaign just

responding to the democrats launch of an impeachment inquiry. here's what campaign manager rights quote, democrats can't be present from other policies or stellar record of the competence so, they're trying to turn a joe biden scandal into a trump problem. the misguided democrat impeachment strategy is meant to appease their rabid extreme leftist base but will only serve to embolden and energize president trump's supporters and create a landline victory for the president. we are still waiting the republican congressional response to speaker pelosi at any moment and we will bring you that life. meanwhile, according to the wall street journal cofounder and chief executive wework is stepping down after a series of missteps leading up to now delayed ipo in a journal article detailing newman party heady lifestyle. all the bad press event will cause the company's expected valuation to drop from

87 billion down to 18 billion. with all this can wework rebound? >> it can rebound but it was just a mismanaged company. the business model works with their competitor which makes money that is trading at a tenth of what wework wanted to be value. mismanagement, get rid of him and the public markets have spoken but they do not want anything to do with this ipo. it's a burning business. they needed to turn it around the company can work but it will take longer and this cost them the 6 billion-dollar loan they were going to get by going ipo. now they're in a precarious financial position because of the. david: carol. >> you can save the company but kevin, you can't say this valuation. if you look at iw g which owns region they have five times the members and six plus times locations and their profitable and as you said there valuation

is around the .7 billion and have executed on that business model. i'm sorry but there trying to be themselves as a tech company. but as much lipstick as you want on wework but they are not a tech company. they are a location company so you will not salvage this valuation. >> this is a canary in the coal mine for the market. i remember back in march of 2,000 when the company like whether the end went public and those ipos are flopping. look at overflow is ideal and they cannot go public but public markets were not - kevin, that's a canary in the coal mine. >> the problem is public market does not want an undervalued company. >> you people counting on being multi- multimillionaires and that valuation isn't $50 billion and maybe $10 billion and cannot even bring it to the public on that. it makes the question of the market valuation for these unicorn companies into affect. david: the one problem i have with what everyone is talking about today is is not only about the ceo. when someone was investing up to $47 billion that is not only

about the ceo but do they have a business model and do they have cash. what is amazing to me is event in the business forever and looked at cash flow and i'm now in venture capitalism and we now look at models. i would say go back to say is there cashable or not? this company is burning cash. >> [inaudible] to get from 10,000,000,009 months ago to 45 .75 billion. it's not in public markets but it was soft baked in there forever fun they were just trying to - >> i was a real question we should be asking ourselves is 15 billion a buy or sell? it feels like to me it's going lower before higher. >> they don't have management now. they need to steer this in the right way and they need to save face. >> this is a company that - >> earnings do not matter and that's what made the unicorns

that were finding out these unicorns have more . david: carol, we've run out of time but that's last word from jonathan. taxpayers on the hook for police overtime fees in yesterday's massive dc shutdown. wait to use he would want chrisman wants to do about it all. ♪ usic playing ] mom you've got to get yourself a new car. i wish i could save faster. you're making good choices. you'll get there. ♪ were you going to tell me about this? i know i can't afford to go. i still have this car so you can afford to go. i am so proud of you. thanks. principal. we can help you plan for that. start today at principal.com.

it also has the highest growth in manufacturing jobs in the us. it's a competition for the talent. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can get. 2/3 of employees said that the workplace is an important source

for personal savings and protection solutions. the workplace should be a source of financial security. keeping your people happy is what keeps your people. that's financial wellness. put your employees on a path to financial wellness with prudential. calling on not tax paper payerso pick up the tab on the illegal protests we saw yesterday. thanks making the announcement after they blocked when under major intersections all over the nation capital during morning rush-hour during the shutdown of the d.c. demonstration. 26 people were arrested and should they be forced to pay for police overtime? >> oh boy, i'm a small government oriented as the next

person, one of the things the government is supposed to do is protect our rights and that's the right to free speech and the right to protest. maybe some people were doing things that weren't legal but if you start charging people it creates a slippery slope and one i'm uncomfortable with. >> if it impacts businesses and i was relying on people to come into work and be productive and generate revenue to further along the economy and grow the gdp of the nation i would be upset and want those people charged. >> the right to protest is not the right to block traffic or disturb businesses or peace. the idea of rights, your rights are not a cost on other people. i understand you don't want to cause a slippery slope but they are costing us money, why should they not pay. >> i don't see how you and for something like this and where it is, legal versus illegal and if you block history or don't walker street, i think this would be a slippery slope, will spend more money trying to figure out the regulation then

we will with the police. >> we have this impeachment which is sucking all the oxygen out of the room. people who are moderate democrats, that are very worried, i would call pelosi one of those who is very worried, are you worried about the effect for democrats for an impeachment inquiry? >> the answer is yes, were in a complete unknown. i know we like to compare what happened with the clinton but today is a totally different time with social media, we do not know what tomorrow will bring. this is a sad day for the country, and i would say, i am not disappointed but i'm disturb. >> since we've seen reacted badly to the news. >> one of which, the u.s. market, the stock market did not like the news after hours, and the prediction market on the impeachment that predicted issuing a 60% chance of impeachment up against a 23% chance. >> that's not saying trump conviction.

>> no. >> that will not happen in the problem that this committee and the house will be focused on that and the other legislative agenda. >> the last thing we would had usmc a pass and now we won't. >> that is it for "bulls & bears". see you next time. liz: breaking news, republican leaders about to respond, we will take you life, nancy pelosi declared yes the house will launch a formal impeachment inquiry picking up on what the house judiciary is already doing. they count now rising to 182 house democrats who now back in impeachment inquiry. this after president trump announced that yes, he will release a complete bully declassified an unredacted transcript of his phone call with the president of ukraine about joe biden. impeachment would be a positive for me in