the chinese foreign minister. that will do it for the "claman countdown". [closing bell rings. connell mcshane and susan li for after the bell. susan: s&p 500 closing down four out of last five days. i'm susan li. in for melissa francis. >> i'm connell mcshane. here is what is new at this hour. political firestorm. president trump calling the whistleblower controversy, quote, another witch-hunt as democrats have been ramping up their impeachment push today. critics say could put the trade talks at risk. we'll be live from the white house where things stand. >> other scandal still rocking the nation, a third parent sentenced today in the college

admissions scandal. what his time behind bars could mean for the rest of the cheating elite. cashing in on content. tech giants like netflix and amazon dishing out billions of dollars in the streaming wars. the hollywood titans are joining the fight. susan: fox business team coverage, blake burman at white house. edward lawrence with the latest on trade in d.c. and gerri willis on the floor of the new york stock exchange. let's start with blake. reporter: this nine-page whistleblower complaint alleges that some in the white house were so concerned on the july 25th call between president trump and new uranium president zelensky, that the white house officials were concerned that the white house used the call for personal gains. that the white house lawyers made sure the call records according to the complaint and transcript were placed on lockdown. the whistleblower alleges because of that concern the transcript was then put on on to

a more secure server. here from the whistleblower complaint, according to white house officials i spoke with this is not the first time under this administration that a presidential transcript was placed into the code word level system solely for the purpose of protecting politically sensitive rather than national security sensitive information. nancy pelosi says the complaint justifies impeachment talk. >> this is a coverup. this is a coverup. so here we are with another example of violations of the constitution on the part of the president. reporter: but the white house argues that the complaint is made up of as they say third-hand accounts and press reports and the white house says it falls short of the memo of the call released by the president yesterday which details a 30 minute conversation between president trump and president zelensky nearly word

for word. president trump continues to insist he did nothing wrong. >> it's a disgrace to our country. it is another witch-hunt. here we go again. this is a terrible thing for our country. they can't do any work. they're froze penn the democrats they will lose the election. they know it. that is why they're doing it. reporter: couple reports from this afternoon. first off "the new york times," connell and susan is reporting that the whistleblower as "the times" reports is a cia officer though this person's identity he or she is still unknown. and also within about the last 20 or 30 minutes here "the los angeles times" posted to its website what it says is a recording obtained from an event the president took place in this morning in new york with diplomatic staff. on that recording obtained by "the los angeles times" the president says the person who gave the information to the whistleblower, is close to a spy. that pro "the los angeles times" this afternoon.

back to you. susan: blake, thank you. connell: china closer than you think. that is what president trump said about a trade deal with china as he keeps waiting for congress to finalize the u.s. mexico canada trade agreement. one question investors are asking, how will the prospect of impeachment blake was talking about impact progress on big issues like trade? a lot of headlines. edward lawrence joins us now with the latest. reporter: that is the big question, how will this impact. mixed opinions if the usmca will come up for ratification in the house because of that impeachment process has started. tomorrow u.s. trade representative robert lighthizer meets again with democrats to address their concerns about enforcement in the agreement. now the house speaker saying the process is moving but gives no dates. >> we're moving ahead on u.s. mexico canada agreement. we're hoping to be on a path, continued path to yes. reporter: and however a member of her caucus says there is a

lot of business to cover before the end of the year and the house may not get to usmca. listen. no well this year is next 2 1/2 three months, i think that is unlikely. we have the appropriations still to do. we have a government shutdown that could occur because of a lack of a appropriation bill. reporter: lighthizer said it would be a catastrophe for the economy in usmca passed. the republican leadership warning the house speaker to get her priorities in shape. >> we're waiting for speaker pelosi to serving the public interest concerns more than picking fights with the president. it entails addressing the people's business. reporter: the white house pushing a vote sooner rather than later to end uncertainty for businesses. >> we are still thinking sometime this autumn speaker pelosi will give as you vote.

we have a very good chance of getting there. reporter: now white house economic advisor larry kudlow says that a china trade deal is still moving forward. wrapped into all this could be huawei. right now u.s. companies are selling to huawei una temporary general license. those waivers end november 17th. administration sources that is too far out to see if the waivers will be renewed. >> likely, unlikely i think we should deal with facts as they occur. we'll make announcement when we make the decision. reporter: they haven't made the decision. so it is business as usual right now for huawei. back to you, connell. connell: covering a lot of ground. edward lawrence. our market panel joins us erin gibbs, gibbs wealth management and mitch rochelle, partner at twc. erin, this idea you look at something like an impeachment inquiry, say i'm going to make an investment based upon that, that's tough to do obviously. what about edward's larger point here all this talk could impact

other issues like trade? what do you think of that. >> when you look at corporations anytime you're fighting an additional legal battle it could be a distraction and less productive on other issues. this could flow down the possible trade talks but i think, for the most part the republicans know they're not, impeachment will never get passed through the senate. i don't think they will take it that seriously. i doubt it will that be big of an impact on a slowdown. more about the house. i don't see it being a huge impact to investors. any like real change in how quickly we're going to see a resolution. connell: even if the removal, to the pointer rin is making of the president from office is low probability event, you have a long way to go to get to be talking about that, if the democrats in the house, do you still, you might have been inclined to do this anyway, are you inclined not to want to give the administration a win on say

usmca? is that the way we should be looking at this? what are the odds of that passing? >> it seems like they don't want to give him a win. the thing to remember justin trudeau is the 21st of october. or they would say, 21 october. that will be an issue. if he doesn't win the election, all bets may be off on the deal on the table the market wants to see some progress leaning legislatively. one the reasons market freakses out if we get a logjam he said/she said we'll not get anything done policywise. the administration will be distracted and we'll not move forward with anything that will help the economy. susan: let's talk about peloton ending down 11% on the first day of trade. let's head to the new york stock exchange with gerri willis who has been covering the listing for us. reporter: susan, coming public at $27 a share. that was the opening trade. they're trading below that now

at 25.76. questions raised about this company, about a lot of ipos frankly, lack of earnings, corporate governance, those are the big questions, coming public on the nasdaq here today. i talked to people who said peloton a fitness fad. here is what the ceo of john foley told me about that. listen. >> we have doubled the company every year since we have been in existence. the triple digit growth, the law of large numbers would say you can't continue that in perpetuity. this is hyper-growth company. we planned to be one of the special growth stories of the next decade. reporter: in addition to that he also said fitness is not a fad. we can change our business anytime we want to. i have to tell you this company expected to be public by 2023. that is what the company says in the meantime. they're spending a lot of money on two new studios, one in new york, one in london. $100 million on new offices right here in new york city. back to you, susan.

susan: gerry, thank you so much. peloton's debut compared to other recent ipos. on average we had a lot of high-profile disappointment on average we're still up 18% if you strip out beyond meats. beyond meats can excuse everything, a outlier up 450% this year. uber and lyft still above their ipo pricing. crowdstrike was pretty good, that company we talked about in the transcript. we would bring up graphics for you. finally beyond meat and the rest. guys, i will throw it to you, erin. you know these valuations people are saying at these private valuations you're over paying for businesses that don't make money. >> yeah. there are a couple issues specifically with peloton. one they're valued 8 billion. one of these huge ipos that is coming out very highly valued and another thing not openly do they have losses, most ipo companies they go out when they

still are incurring losses. the problem with peloton they admitted they have financial accounting problems. they're actually not sure about their own accounting. on top of that their losses doubled last year. so particularly bigger warning red flags around peloton than a lot of other ipos that we've seen. i think that shows, i believe this is the second worst ipo this year in performance. so i think investors should definitely stay clear of this one. susan: actually their losses quadrupled last year but sales are up 110% over the past 12 months. in fact churn rates are below 1% since '77. if you pay for growth, at least you're getting something in this ipo, right, mitch? >> the fact of the matter if you look at the ipos this year those that turn a profit and those expected to turn a profit in the future and the ones that are aren't currently turning a profit are having a harder time in the market than those that turn a profit. retail and institutional investors are looking, scratching their heads you know

what? in a market with uncertainty in it they will gravitate to those companies turning a profit out of the box. susan: erin, mitch, thank you. connell: a lot of testimony from joe maguire. what both sides are saying. susan: china criticizing utz imposing new sanctions on chinese entities expected transferring oil from iran. the fall out is coming up. connell: another tough sentence for a parent in the college admissions scam facing a judge, getting four months in jail. what does it mean for the likes of lori laughlin? we're live at the courthouse. that is later in the hour. somet. fisher calls regularly so you stay informed.

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susan: fireworks on capitol hill. acting director of national intelligence joseph maguire testifying in front of the house intelligence committee over his handling of explosive whistleblower complaint about president trump's phone call with the ukrainian president. hillary vaughn is live on the scene. she has been covering it from the very beginning. hillary, what was said today? reporter: the top democrat on the intelligence committee adam schiff wants the whistleblower to testify to congress after

what he heard from dni joseph maguire. he also said he thinks it is up to his committee to investigate the complaint and they will. "the new york times" is reporting that the whistleblower is a male cia officer was assigned to the white house. earlier today chairman schiff opened his hearing with a parody of the phone call between president trump and ukraine's president. >> i hear what you want, i have a favor i want from you though. and i'm going to say this only seven times so you better listen good. i want you to make up dirt on my political opponent, understand, lots of it. on this and on that. reporter: the committee said that schiff's reenactment of this phone call was a misleading political stunt. >> while the chairman was speaking i actually had someone text is he making this up? yes, he was. >> the chairman described it as parody.

i don't believe this is the time and or the place for parody. reporter: saying maguire had a deadline of seven days and did not deliver but magee pushed back saying the situation was unprecedented and the week time frame did not apply because it did not meet the legal definition for urgent concern. it also involved the president who is not a member of the intelligence committee and has executive privilege which the white house ended up not exerting. maguire said his job is to pass the complaint on to congress. they decide what to do with it. >> there is an allegation of a coverup. i'm sure an investigation and before this committee might lead credence or disprove that but right now all we have is an allegation, an allegation on secondhand information from a whistleblower. i have no knowledge whether or not that is true and accurate statement. reporter: ranking member devin nunez said it is very concerning, susan there is third phone call leaked between a private conversation between the president and a foreign leader.

maguire agreed that is also unprecedented. susan. susan: inquiry continues. hillary, thank you so much. connell: here is congressman jason smith. house ways and means committee, the trade subcommittee. i mentioned that largely because we want to talk about the potential knock-on effects of impeachment inquiry on some issues he dial with. first let me ask you a question or two about the merits. i have seen a handful of republicans over the last 24 or 48 hours, look at the whistleblower complaint and memo described the call they were troubled by it or inappropriate or portions were concerning. is there anything that troubles you, concerns you that is inappropriate. anything at all? >> i wonder if my colleagues and i are reading the same transcript came from the white house call and whistleblower complaint. i read both of them. connell: right. >> what's troubling is democrats are not paying attention to the facts and they're not telling the truth. there is not any element of any

crime whatsoever. it is bogus allegations. connell: anything that is inappropriate? impeachment inquiry is a -- >> you don't impeach. connell: it's a political exercise. it doesn't necessarily be something criminal or indicted in a court of law. just an example, right, the president asking for political favor that might be damaging to his domestic political opponent just after military aid was discussed on a call, is that action of itself? is that appropriate? >> that action is not in the script of the call. the whistleblower is trying to make that allegation but it is not in the transcript of the call. the democrats are trying to make that allegation. connell: hold on a second. it is in, it is in, transcript of the call, transcript of the call to be fair, the president of ukraine refers to military spending that he is about to engage in. >> there is no amount of -- connell: hold on one second.

right after that -- >> have you read it. connell: i have read them all. after that the president of the united states then goes on to talk about whether or not biden and biden's son should be looked into. that is specifically what i'm referring to you, if that portion is appropriate. not whether it is legal or illegal. >> there is noting legal in the conversation. connell: right. >> there is nothing impeachable in the covers. the democrats have been trying that the day president trump was elected to impeach him. you don't impeach someone because they won an election. you impeach them for high crimes and misdemeanors. connell: this doesn't reach the threshold, is that your point. >> they tried it with collusion with russia. tried it with obstruction. mueller report, spent $30 million, can fine nothing. they're trying to throw something else again and there is nothing. connell: doesn't reach a threshold is your point. >> there is no threshold. all it shows democrats put politics over people. get back to business. do our job here. they made the house of

representatives turn into chaotic mess. connell: that is the last point i want to ask you about, as i mentioned at the beginning. you deal with issues we talk about all the time trade as an example. with all of this talk will that impact on you nice passing something like usmca? >> we had the votes for usmca for a long time. republicans and democrats. however nancy pelosi refused to allows to have a vote on the floor because she is afraid it might gift president trump a victory. she is creating more chaos because she obsessed with trying to force impeachment on the president. she is not trying to take care of the american people. she is putting politics over people. connell: it may not pass is the point? >> we have the votes. connell: right. but may not bring up to vote, right. >> one person gives us the opportunity to put it on the floor. speaker pelosi. if she put it on the floor today we would have the votes to pass it. but she is playing politics exwe'll see whether that happens. congressman jason smith. congressman from missouri.

susan: breaking news. the national football league says jennifer lopez and shakira will perform during this year's halftime show. super bowl liv airs on fox at the dolphins stadium in miami gardens stadium. that showed up on my instagram. connell: if it is on susan li's instagram, it must be cool. susan: i'm pretty hyped about it. connell: i'm sure somebody will -- in a moment a four-month sentence one parent is set to serve after paying 400 grand in the college admissions scam. what does it mean for sailorry laughlin who is due in court next week? we'll talk about. e-cigarette dangers are getting worse. a dozen people are dead from vaping-related ill hesses. we'll tell you what -- illnesses. what medical officials are saying about that now.

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susan: a california businessman who prosecutors said paid the one of the largest bribes in the college admissions scandal learned his fate today. molly line live outside in boston. reporter: steve semprevido became the third parent sentenced to in the college admissions scandal. he was contrite. acknowledging that the terrible example he set, breaking down in tears as he apologized to his wife, son and others. the government slammed him for pulling his son into the scheme, having him submit essays featuring fake credentials and emails to the corrupt tennis coach in on the plan to help him get into the georgetown university. the judge agreed involving the teenager added to the serious nature of the crime. they painted him as remorseless in court. days after he entered the plea

he sued georgetown to stop them from expelling his son, trying to retain the fruits of his fraud. in court docs they write it, meets the classic definition of chutzpah. prosecutors also argued that he sees himself as a victim. one members of his legal argues that is true. while he acknowledges his guilt and role as a coconspirator he was victimized by the ringleader the scheme, rick singer. >> he is classic eggstoring -- extortionist. he fed on people's vulnerability. reporter: devin sloane another rich defendant who faked water polo pictures to get his son in usc four months in prison. sloane and semprveido dates to self-report in prison. more parent slated for sentencing. worth noting others who choice

not to plead guilty are inching clothesser to trial including the actor, lori loughlin. connell. connell: molly line in boston. susan: reaction from a defense attorney and former prosecutor joins us. you herd molly, semprevido paid 400,000 to get his kid into college. what does that mean for lori loughlin who paid 500,000. >> lori loughlin's case is different from semprevido. that she was cc'd on a couple emails from singer to her husband. there is one recorded call where singer calls her said i took care of it. she says uh-huh. as far as i know that is not enough. susan: we're talking about money laundering, conspiracy to commit fraud. felicity huffman 14 days in prison with only mail fraud. i think these charges are much more severe, don't you think. >> the charges are charges. government known to pile on. felicity huffman got 14 months

after u.s. government, u.s. attorney's office in boston touted this as big scandal. called it operation varsity blues. after huffman's sentencing they were the ones feeling the blues. these guys are overhyping this case. this is civil matter between these parents and the universities. susan: are you saying, so are you saying then that lori loughlin is not going to get any jail time? >> i think lori loughlin will take this all the way to beat this case at trial. even if she is convicted, this is the important thing that people don't understand, this is based on a very flimsy legal theory. called honest services fraud. one of the most vague legal theories out there. so they have the power to fight this and go forward and maybe, even if they initially lose which i don't think they will because i don't think they have a strong case against her, she will eventually beat this on appeal. susan: 35 parents were charged. two parents sentenced to prison already. 15 parents pleading guilty. 19 parents are fighting charges, you're telling me lori loughlin will beat the charges? the odds are against her, aren't

they? >> based on what the government alleged in their indictment. all they said she said uh-huh. that is not enough to convict anybody. susan: money laundering, getting them on tape, getting by the way i would say an account from the actual perpetrator of this ring i think that is actually, there is a lot of mounting evidence against -- >> i don't think it will be strong enough. i think she is in for the long fight. i wish her well. susan: well, okay, looking at these odds, most of these parents have been found guilty and have been sentenced. >> you're looking at u.s. government saying these people will face decades in prison. susan: i'm saying that -- >> felicity huffman got 14 days. susan: 14 pleaded guilty. 19 of 35 fighting this. the ones we covered have been sentenced. >> for a couple of months for a case they said was going to be decades. so u.s. attorneys office does not look good. susan: no time compared to everybody else? >> i think lori loughlin based on the facts government put forth f they have more stuff

that is different. based on what they put forth so far they don't have a case against her. susan: a lot of people disagree with you. >> i guess they do. connell: that was interesting back and forth there. we'll change course in a moment. there is china. you know believe it or not we talk about trade all the time. china is calling out the u.s. for the administration's latest move on iran. now how that fits into trade, what it means for rising tensions what it means for president trump's standing on the world stage. that is coming up next. susan: feeling a ripple effect of two week long general motors strike is taking a toll on businesses in the state of michigan. we're on the ground in detroit this hour. 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. of the value you'll find at fidelity. "have you lost weight?" of course i have-

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into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. >> breaking news, food delivery app door dash revealing a third party service provider accessed 4.9 million users personal information who joined the platform before april 5th, 2015. if you're a door dash customer. check your account to make sure it is all safe. connell: all right. let's get back to china for a moment. the chinese are accusing the united states of for bullying after the united states slapped sanctions on five chinese entities knowingly transferring oil from iran which would be a violation of u.s. sanctions on iran. walid phares has analysis of this and other subjects. on this one, walid, is the chinese saying that they're not being treated fair? that their actions should be

respected and protected i think, something along those lines what they said. what do you say? >> let me translate into it another sentence. the chinese leadership is saying you're treating unfairly our unfair treatment of you. meaning they thought for all these years they could take advantage as the president has said, as most americans believe, taken advantage of also the fact that china is a superpower, has transformed itself into a capitalist regime on the outside, continue to be authoritarian on the inside. they made a lot of cash. now at this point in time america is defending itself. america, the united states is bringing itself to fair fame with the chinese. when it comes to iran, very clear the united states sanctions on iran had to be respected otherwise they're not sanctions. connell: why this whole issue, the back and forth with china is about so much more don't you think than just trade, than some sort of a trade deal? the huawei story was about iran

in part and iranian sanctions. these complicated relationships we have both the united states and china, does that make it even more difficult to get some sort of a comprehensive agreement maybe on trade? are we getting ahead of ourselves if we're hopeful on that front? >> i think long term after we settle the equation between the united states and china, an agreement is possible but the issue we are stable because we have a system that can mutate and evolve and it is democratic and there is change. china is addressing now, china says we're not responsible for. they have all that money. they have a middle class doesn't want to go book to the old system. they have also in the south hong kong which is an enclave of real free society and they have to deal with that before it is too late for them. connell: very interesting to watch that next week, first of october for the 70th anniversary of the people's republic of china especially in hong kong. while you're here, walid, i want to shift gears a little bit. can you make sense what is

happening in israel which we've been watching. it is somewhat confusing different political systems the president in israel choosing benjamin netanyahu to form a government. benny gantz would stay on as prime minister, try to get a government formed. what happens next there, do you think? >> for to us understand what actually happened to be able to project israel has a parliamentary system. like italy or chile. so even if you do not win the popular vote you could still the vote of all these blocs, parliamentary blocs, benjamin netanyahu as skills. he was able to form this majority but i think the president of israel i know had the past want ad national government, national unit government because israel is facing a lot of problems both on the inside with gaza and with iran. they have to be in line also with our strategy in the region. so the choice of mr. netanyahu seems to be rational at least for a head of state. connell: is that the best-case scenario for the point of view of the united states for u.s.

interests the way it is playing out so far? >> principle in washington israelis would decide on all that stuff. reality there was previous relationship between this administration and israel's government underneath net and netanyahu has ruled for many years, has a lot of experience but at the same time we have to respect wishes of israelis, by wishing of public giving equal number to both parties. they want one government because israel is facing a lot of challenges. connell: they call it a unity government. we'll see how they play it out. walid, thank you for coming out walid phares. >> thanks. susan: uaw auto workers are reaching their 11th day. dealers across the country are running out of repair parts. grady trimble live in detroit with the very latest. reporter: anyone who drives a general motors vehicle if they take it in for service they

might have to wait a little bit longer because we talked to dealerships that tell us they don't have the parts. the plants where at the get part from typically, have them delivered to dealerships they're idled while the striking workers are on the picket line. in other news we first told you last week that general motors said it was going to stop paying for health insurance coverage for the striking employees. we learned today it is reversing course. the reason gm did that it seemed was to kind of squeeze the union to pores them to pick up the tab. it also caused the workers to lose their vision and dental insurance and it caused a lot of confusion. today general motors says it is keeping all the benefit fully in place. now the uaw wasn't exactly thankful for gm's recent decision. they put out harshly worded statement. here is what they said, it should have not taken stories about uaw workers facing losing their cancer drugs or postponing their surgery dates for gm to

see workers as human beings, not pawns on a chessboard. now as far as the contract negotiations go we're told the two sides are closer than they ever have been to reaching a deal. the talks moved up the chain to the top negotiators. whether that means we'll see that tentative treatment in the next few hours or the next few days, that is unclear. susan? susan: grade -- grady, thank you. connell: as we continue on e-cigarettes officials grapple on dealing with the vaping crisis across the nation. death toll continues to rise on vaping related illnesses. we'll talk to a public official what he and his colleagues are doing to try to turn the tide. ♪ 's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement.

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♪ susan: heightened concerns over vaping. two more people have died from vaping-related illnesses which brings the nationwide death toll to 12. meanwhile hundreds of new cases have been reported just in the past week. here with more, association of states and territorial health officials chief medical officer. mark, great to have you with us. so we do of course have some calls to basically ban vaping all together but don't you think it is hypocritical to ban vaping

and not cigarettes which kill 480,000 each year according to the cdc? >> there are a number of things we can do about this vaping situation and the reason why we really focus on electronic cigarettes because of the impact it is having on kids. kids use of combustible cigarettes has gone way, way down in all state but the use of electronic cigarettes is skyrocketing. we're seeing this as an epidemic. one in four high schoolkids in the last survey said they were using electronic cigarettes. our focus is there. these are the kinds of things we need to do to take on this problem. susan: what can we do? some have argued that e-cigarettes helped those kick nicotine and get off the cigarettes. what about those that actually need it? >> well there is a number of things we can do to deal with the issue of kids. having 25% of kids, one in every four high schoolers using electronic cigarettes is a real problem. it is harmful, addictive, there

are a lot of things we don't know about the long-term consequences may be. we talked a little bit about banning of flavors. that is something a lot of states and the federal government, the trump administration are looking at. other things we can do too. the same kind of tactics we used with combustible cigarettes. raising the price by taxing the products. that works well with kids. kids are affected by high every price cigarettes and electronic cigarettes. susan: what about making vaping prescription-based? >> that is something we've seen done in other countries. so of this argument being a way to quit, if that is the way we want to use electronic cigarettes we ought to think about them as a medication. susan: correct me if i'm wrong a lot of unfortunate deaths come from e-cigarette use has to do with thc and more cannabis, correct? >> we're still learning what is causing vaping pulmonary cases. it is very concerning and we're

waiting to get more information so we can sort out how we can stop this and stop the amazing numbers, skyrocketing numbers and stop the deaths. >> right. i guess it is more about the concerns about the young vapors. i believe most of these cases involved younger male teens between 17 and 25? >> yeah. i mean this is the concern. we're seeing this huge up tick of electronic cigarettes. they have been marketed very well. they're cool. they come in these, you know, fruit candy flavors. that's very appealing to kids. it is not that surprising we've seen these kinds of increases in their use. that is the thing we really need to get on top of, be a lot more clear that these are harmful products and there is a wide range of harms they can cause, the most severe what we're seeing right now with people actually having lung injury that may not be reversible, even death. susan: marcus, great to have you with us today. >> thank you for having me. connell: looking at the clock.

we have nine minutes, give or take until the top of the hour. that is when "bulls & bears" with the great david asman begins. we can talk for nine minutes now, right? >> nine-minute seth segment. connell: here with extensive preview of his program, back at his old stomping grounds. what will you have next hour? >> we'll talk about the impeachment fever inside the beltway, whether anything can get done. we pay these people inside the beltway to do things. only thing a lot are doing focusing on impeachment. there are 50 or 60 democrats who come from districts that went for trump. they will have to go for voters saying here is what i did. it has to be something more than impeachment. we're kind of optimistic, maybe something could get done on the usmca trade deal because they're going to have to, they're going to have to show something. this kind of protects pelosi, other democrats that the charge they're so into impeachment they will not get anything else done.

we'll talk about that. by the way there is a police force in california that has gone green. they have all electric squad cars. some are running out of juice right in the middle of police chases. it ain't pretty. that story. let me tell you. connell: i know the one you're revving to. you may or may not hear about it on our show. on the usmca, we were talking about that david, the whole idea. seven call themselves moderate democrats wrote the op-ed in "the washington post." pushed this whole thing forward. those are the kinds of members you're talking about, right? >> 31 of them won in 2016. 36 democrats turned red states in the 2018 midterms. you have 60 democrats from red areas, republican areas. they will have to go back. it will not be pretty for them if they have nothing to show for it. they get paid 170,000 a year? they all about impeachment and

how bad donald trump is. they have to have something to show for it. connell: david, we'll see you at the top of the hour. "bulls & bears." competing for your attention, entertainment heavyweights, they already are, in the weeks leading up to this steeling war that has been heating up. four new services set to launch between november and next spring. who comes out on top there? we'll talk about it coming up next. ♪ ♪♪ ♪♪

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had to. but then, we were like. what are we doing? the nicodermcq patch helps prevent your urge to smoke all day. nicodermcq. you know why, we know how. with sofi, get your credit cards right- by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. netflix, amazon and hbo are shaking up the industry as they fight for the top spot in streaming wars. who wins and who loses? fox business's robert gray live in los angeles with the details. robert, we didn't even bring up all the choices for the consumer. >> oh my goodness, yeah, it is too early to call the platform winners since most of them like disney plus have yet to launch. we know content is king. the platforms are literally

streaming cash to bulk up their libraries. owners of legacy hit shows are the early beneficiaries raking in the big bucks, this includes deals reported in the hundreds of millions dollars for rights of fan favorites such as friends and big bang theory. seinfeld show about nothing is something special, selling half billion dollars to netflix who already had nine figure deal for the comedian's current the early. these mega deals can be difficult since deal terms can vary and aren't always public knowledge. previous deals for those shows allow producers writers and actors to get a cut of the action with studios keeping the lion's share, now streaming platforms are paying up front, lump sums to creators and they will own the shows as they build up libraries. participants from writers to producers and talent won't be able to make huge money like in the old model. in other words the golden age of

tv has spawned the streaming studio star system. that's right. now if you think about household name creators jj abrams and others, they have scored massive deals to generate big buzz along with new shows for streamers. but i'm told that may leave less cash for other producers. the silver lining? well, there's more work than ever before, especially for producers. there is a big jump in streaming platform orders for content from studios. you will see the major studios are pulling back because many of them are attached to their own streaming service. >> apple tv plus as well. robert thank you. connell: so many. how about this, riding on low power, take a look at this video. a police officer's tesla that ran out of battery in the middle of high speed chase out in california. the cop was going after a suspect in a department issued tesla model x the electric car hit the 120 miles-an-hour, they had to drop the pursuit. i saw this story. a lot of people are talking

about the tesla. don't you need to charge the car? >> it wasn't fully charged. >> right, charge it. >> but that's a lesson; right? connell: i guess. good to see you. thank you for joining us today. bulls & bears starts right now. >> it's a disgrace. it is a terrible thing for our country. they can't do any work. they're frozen, the democrats. they are going to lose the election. they don't want to talk about infrastructure. they don't want to talk about lowering drug prices. they don't want to talk about anything because they're fixated and nancy pelosi has been hijacked by the radical left. david: president trump looking to push on with his agenda despite growing momentum from the left on impeachment. good evening. i'm david asman. thank you for joining us. bulls & bears joining me gary