oh. i'm jamie colby for "strange inheritance." and remember -- you can't take it with you. >> welcome to the program analyzes the week that was, i'm maria. i'm you, we will stick with the founder papa john's pizza. john is our special guest. a big week for washington and "wall street". investors, trump facing potential impeachment proceedings from house democrats we got several updates on major trade talks. we'll talk about all that coming up.

or should we focus on going into a new we? $850 million in assets under management. hoping to cross $1 billion. i'm happy you're here with us to talk about what went on in the market this week. >> they set the high end but i think you take a step back a bit, the company was started seven years ago raising money. we had the ceo on your program a couple of years ago valued at 300 million they came out at 8 billion and the stock pulled back ten or 11%. step back a couple of years, it's not a bad trajectory, it's awesome if you buy on there, not so good.

>> a lot of these companies don't have any profits. when you're still generating revenue and you don't have any earnings, it's a debate on whether or not you should invest in that company. >> not to disagree with steve, i love his book but i think it's accompanied by companies. when people talk about a bubble in the private markets, that's where i like to push back. there are companies where you can make a lot of money investing. i think there's a lot of opportunity case-by-case. >> so you're not getting scared away. >> for short there's a lot of money in the private market.

a lot of money chasing deals so therefore, pushes the price higher. sometimes prices may go up. but if you believe in the story long term, whether you buy 29 or 27, i think you'll be okay. >> what happened with week work? and cooper, he said it doesn't make sense. what's so special? >> i think what happened was they started investing huge amounts of money in the private evaluation of the company went way high. but you see the same thing in the public market or any sector getting bid up because blue book believed the future earnings will be better than currently in as something turns, stock goes down. with the ceo being ousted and juul thing out, you have to

wonder about the future of the company. you have to reprice. >> let's talk about the broader market by house democrats nancy pelosi think it's official, will move toward impeachment. i think it probably dies in the senate so doesn't go anywhere. what you think the impact is on the economy? >> on the markets, very little. it's still one or 2% away from all-time highs. if it continues, we can talk ourselves into slowing down growth. we don't have the growth we had in the past but the economy is still growing. this year there was talk about recession, you have an accommodative fed in the global economy slowing down. i believe the u.s. is the best place to be. it's not as the monarchal growth but it's real growth. i think if you're investing in the right sectors and companies

have a long-term perspective, it's a great one. >> china will take place the next meeting in early october, i think the tenth. u.s. mca, i don't know. even though nancy pelosi said this week we are moving ahead with u.s. mca, i don't know what that means. this is all uncertainty. >> but it appears as though people are looking past it because i think with this whistleblower story this week, if you read the story, there's not that much there. i don't think it's enough to impeach the president. the fact that people are looking past that, it shows that one side is desperate to get something out on the president more block the president from

accomplishing it. if successful, it will be bad for all of us. >> i think it's about the lineup of democratic candidates and help us and they say, i think he's going to win again. we better impeach him again because he will and again. i've got bernie sanders and elizabeth warren having their well packs. joe biden is getting on board. they are all campaigning on raising taxes. >> i think it's a huge mistake. if they will attack "wall street", if they go after "wall street" money from they won't be able to raise enough. if they're going against wall street, they won't have the money to speak with trump in 2020. >> my one on one with papa john's founder is coming up next. ♪it's been a long time coming, coming

♪seeming like we all been running, running♪ ♪feeling like the wild west, gunning, gunning♪ ♪listen to our elders shunning, shunning♪ ♪all we see is faces, color, color♪ ♪all the other races, other, other♪ ♪why can't you just be my brother, brother?♪ ♪we don't have to kill one another, kill one another♪ ♪all around the world, we are one, we are one♪ ♪all around the world, we are one♪ ♪so where did we all go wrong?♪ ♪woo ♪where did we all, where did we all go wrong?♪ ♪love, love, love, love

♪love, love, love ♪(love is our only hope) ♪love, love, love ♪where did we all? welcome back. 5000 establishments across the world, papa john's one of the leaders in the pizza business. they've been going through leadership changes since the founder stepped down two years ago. i spoke with him about the controversy surrounding his resignation. >> not a racist. what i said was antiracist. that's been misconstrued. it's been hard on me. part of my employees. it's breaking my heart. i love small business, the people wake up everyday and make

this country great. >> it's very upsetting and the whole story is uncomfortable. let me take us back to know what happens. you put a plan in place, you are planning on stepping down. so that was all in the works, you were going to step down. passport a couple of years, you had a phone call with marketing executives -- >> training. >> during that phone call, you said something which i guess went viral somehow and now there's a debate about why you stepped down. you had these plans in place beforehand anyway. so tell me what happened. >> in 2009, $6.49 a share. when i stepped down in 16, was $80 a share.

from 17th to february 4, 2019, stock went from 80, down to 39. the stocks went up from 39 to 49, fantastic. things are much better on "wall street". the thing i'm concerned about, things are not as healthy on main street. the economics are unhealthy for franchise, "wall street" will not be happy either sooner or later. >> i want to talk about how it's going, whether or not you're interested in getting scamp there. there still a shareholder in the company? >> yes. >> when you're doing training, he said something about colonel sanders from kentucky fried chicken. what you said was taken out of context. >> absolutely.

there's a tape that is anti- racist. everything i said was positive for diversity. i think i said was colonel sanders called black people feet and work. i would never call back present the n-word. i wasn't raised that way. what's unfathomable -- >> your saint he said it. but when you said that, he said the word. >> yes. unbelievable, the old board and the old executive team used black community, grace and media to steal the company and they stole it and destroyed it. >> you founded and built the company and your saint it was to get you out and take over?

>> yes. infected. the only way you take papa john's or steel company, you get rid of me. the only way. i'm the founder. the only way you get rid of me to play the race card. they played and played it to the health. >> so who did this? did you know there was upset behind her back? >> i did not know. i felt something going on so i thought it was a hostile takeover from the outside. i didn't know -- again, unfathomable that folks on the inside would do this. i made them all multimillionaires and they pulled a stunt like this. it's unbelievable. >> why would you use that word? , the culture because this is one issue which has been written about, toxic environment akhtar papa john's. papa john's.

was there a feeling that i was okay to say that? >> no way. not for a second. barbara johns used the media to steal the company. he discovered it interest much more harder on ritchie and 15th in meat but that conduct would not have been acceptable. papa john's was the number one place to work in kentucky for four here's. >> yes, it was. you've sold half of your possession. you still own part of it, are you going to sell the rest? >> well, i have myself in a situation now where if the stock goes up, which is good, you never know.

warren buffett says he beat on the street with a tin cup if "wall street" was rational. if the stock goes down and crashes, then it really looks smart. i feel like i have it covered. >> more of my one on one with john when we come back. stick with us.

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welcome back. more with my one on one john.

>> you had 35 to 40% your marketing budget with the nfl? >> correct. >> tell me what happened because you think it was part of the crew who took you out. >> i don't know how much he was a part of it. papa john's was the number one sponsor. we had a situation where ratings were hurting nfl. they needed to fix the problems to the satisfaction and i said that. he didn't like that. >> he didn't like it because you questioned him on what he will do. >> i flap told him it's bad leadership. a leader solves problems, is accountable. it's hurting all of us. he didn't like that.

>> what happened then? >> he didn't react. roger is friends with casey who owns a laundry service, they leaked the tape so it's an interesting circle. >> that's why i said part of the crew. i was the company you were on the phone with during the training when you said this is what sanders said. >> correct. >> tell me about the leadership of the company. what's going on with shaquille o'neal as well. >> is the second largest shareholder behind me, he just hired a judgment, great pedigree. always, great pedigree. he's the new ceo. he's never been a ceo, he doesn't know pizza delivery. one of the things that concerns

me, nobody on that board knows the pizza business. that could be problematic. the jury is still out on jeff. if you look at his history, doubled the value. most 380 million so jeff seems to do well when he's in, less than two years. he doesn't do well with long-term investments. if he's gotta play, a patent, a merger, he seems to do well in that direction. what concerns me the most is the words he sits on. they're all doing the worst and have done the worst. the jury is still out on jeff.

i like his higher, mentor. >> we want to hold onto your stock? or sell some? >> i will hold onto it for now but every day papa john's changes. it's moving quick so i will leave myself flexibly to get out sooner than later. >> you had discussions with wendy's about partnership? >> we looked at wendy's, my first job was wendy's. >> would you want a merger? >> if it increases shareholder values. if it made both companies better, it's something to look at. >> you might have to take a hard look because look at your business, the stock prices. it's on 39 to 49 which is good

but you're also coming off way down from the highs of 80 it. what's wrong with the business? >> you have to have, you have to beat the best in your class in a model that works. right now, it's in bad shape. it's unhealthy. must the store level managers make money, the system will fall apart. >> do you think a partnership, merger and acquisition by wendy's will fix things? >> no. i think sandwiches is way different than pizza. >> you said it does address cost, if it improves shareholder value, i would look at it. >> i would take a serious look. i've looked at it, i would have to see the players and the deal itself and get comfortable with

the transaction. the most important word is focus. i want to make sure if you have two or three concepts or maybe six, is it going to take away from your papa john's? >> how do you feel about the board today in the company? are they putting you at a distance? are they trying to get away and go a different way separate from you? >> being founder, the namesake for the company, it's john. you will never get away from that but i'm not sure it's ever going to go away but anything i can do, whatever i can do to help the franchisees and employees, i'll do for them. >> thank you. don't go anywhere.

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welcome back. they show next week, my special guest. we will talk about how he allocated capital today. this week, drink me on fox news 10:00 a.m. eastern sunday. personal attorney for president trump rudy giuliani, my special guest. characters live 10:00 a.m. eastern on fox news. start smart every weekday,

mornings with maria right here on foxbusiness. hope you will start the day with us every day on weekdays. follow thiebook and twitter an instagram. get the latest, i will post cool shot this weekend. have a great weekend, everybody. ♪ >> hello, welcome to the "wall street journal". this week, new york city for this year's new session of the general assembly. the biggest issues facing global agenda leading to climate change, nuclear weapons and many more topics. the president addressed the organization. the dangers of globalism and calling on countries