meaning we're in stronger position. stuart: quick programing note on you, on your screens momentarily the entire fox business friday night lineup. "barron's" roundtable debuting at 10:00 p.m. eastern this is the fox business network. that's neil. neil: it is unprecedented, economy looking at 3 1/2% unemployment rate. you have to go way, way back to see something like that, i mean way back. do any of you remember this? >> that's one small step for man, one giant leap for mankind. ♪ fly me to the moon neil: it was 1969, the year we landed on the moon. technically the 3 1/2% rate was reached by the end of that year. a year rock and roll all over the world. richard nixon a few month into

his presidency. many hoping that the vietnam war would end soon. it did not. after a raucous 1968, a lot of people were optimistic that the economy was on the mend and it was all clear sailing ahead. that was then. similar hopes today. a lot of it built on an unemployment report that shock ad lot of people, it was more like a goldilocks number. very low unemployment rate. even though the number of overall jobs gained. that was a little less than thought but it continue as trend of jobs that are advancing in the latest period. we'll get into that. but meantime, a lot of attention is on the reported itself what it says after a week we got news the manufacturing sector was slowing down, the services sector was slowing down. they were ready for bear today. they didn't find that. they found something like i said a goldilocks number that hit all the right buttons so far, the dow up 228 points.

let's get a read on all of this from edward lawrence who crunches numbers as we speak. edward? reporter: neil, the jobs report, a very good one actually for this month. as you said estimates were a little bit different than this but very good, very strong. president donald trump about 30 minutes ago over the moon about this report. listen. >> the unemployment number is down to 3.5%. so that goes way, way back. we haven't had numbers like this in a long time. wages are up by almost 3%. that is a a fantastic increase for everybody out there working. wee very happy about those numbers. reporter: economy created 136,000 jobs. yes, the job growth is slowing. it is now 161,000 per month this year. that is slower than 2018 which averaged 223,000 jobs per month. but as said the unemployment

rate the lowest since the year we walked on the moon. white house economic advisor larry kudlow says those folks talking about recession, not so fast. >> looking at the data, both the coincident and forward-looking indicators, i believe there is no recession in sight. reporter: i'm live outside of the federal reserve building. the fed is looking at a number of numbers. one of them is the average hourly wages and yes the average hourly wages up 3.2% over last 12 months. this month falling dramatically to 2.9% over the last 12 months. that signals there may not be inflation pressures in the economy. that and the labor force participation rate remained the same. with these two, these two numberss the federal reserve is looking to undershoot tear inflation target again which is one of their mandates. more likely a rate cut in october. fed said unemployment would not

get lower than 3.7% this year. you know what? it did. neil: and how it did. edward, thank you very much. the expectation for a fed rate cut really increased in had period. retail jobs slid 11,000. overall unemployment rate showed the coming down to 50 year lows, the number of jobs generated is sinking a little bit. it is still generating jobs but it is sinking a little bit. lauren simonetti looking at all the details and what it could portend. hi, lauren. >> the national retail federation predicting we're shopping, even though retail workers losing workers, rise 4.2% in holiday sales. $730 billion in november and december that means we'll spend 30 billion more than last year. they have got trade, interest

rates, global factors that could erode consumer confidence but it is just not yet. we are still opening our wallets and costco is benefiting. the warehouse club saw 5% growth in same-store sales last quarter. check this out, 22% growth online. the stock was under pressure this morning but up now with the overall rally. analysts upbeat on costco, praising their management, front-loading products before tariffs rise. they're working with suppliers to cut costs. the stock on the year, it is up 40%. guess what? so is apple's stock. plus they're getting a new boost today after those reports that apple told its suppliers to make more iphone 11s, increasing production 10%. we're talking 7 to 8 million more phones. great news for them heading into the holidays. making the new iphone out of nowhere, a must have, because after better camera, a better battery. not to mention appullket the price for the starting model by

$50. you start at 700, instead of 1,000, neil. we like that. the stock is up today. neil: great way to grease the skids. thank you very, very much, lauren. national retail federation will pick through the numbers obviously lauren just did. putting all into perspective on the employment report we told you have to go back to 1969 to see activity like this. show how how big of a deal this is regardless of your politics, average cost of a house in 1969 was a little over $15,000. the average income in the united states was a little over $8500 a year. the average monthly rent, $135, $135 average monthly rent. average cost of a new car a little north of $3200. look how low all costs were comparatively speaking inflation

adjusted all that, to where we are today, getting back to the same exact rates. speaking of inrace, pack in 1969 -- inflation back in 1969 was averaging a little more than five%. considered contained, respectable, dealable. right now we're under 2%. again just the historical anomalies here are remarkable. we're going to be getting that, pursuing that back in time, see parallels. we'll get the read what this number says in the face of earlier numbers during the week that had some investors rattled, some by the way still are, that some tough times are ahead. the dow right now up 235 points. it is trying to avoid its third weekly loss in a row. that might be an uphill battle. go to first trust advisors chief economist brian wesbury and raymond james chief economist scott brown. gentlemen, welcome to both of you. scott, end with you, begin with you, on the significance of

getting an unemployment rate this low with all these variables not withstanding it's remarkable. >> well it is remarkable but i think it also reflects the changing demographics that we've been seeing. if you go back 30, 40 years ago, we had baby boom generation coming into the workforce. we had female labor force participation increasing. lo and behold the labor force was expanding 2 1/2% or so. now you're looking at much slower growth in the labor force and that implies i think we're going to see a lower trend in the unemployment rate. so i think a lot of these sub4% numbers will be with us for a while. we may even see it get down to 3% but at the same time you're looking at slower growth in jobs. if you look at private sector employment, we've seen it slow down over the last several month. that is not necessarily a bad thing. i think it is reflecting demographics. the fact we're just not having

enough people out there to hire. wages were up. neil: you're right, brian, having said what he just pointed out i thought it was very good of him to sort of step back and look at that we do have some troubles percolating here. brian, one thing that stands out are all the layoffs building certainly in the retail industry. hp is announcing a cut of about 9,000. kroger earlier in the week, 600. bed, bath & beyond shutting down 60 stores. these are more the exceptions than the rule but having said that it makes you think, have we kind of hit our zenith on the unemployment rate? will it get iffy from here? what do you think? >> yeah, i don't think so, neil. i'm going to just tell you we are not having a recession. by the way it wasn't just landing on the moon. joe namath was the quarterback of the new york jets in 1969. neil: the year of the mets, right? >> exactly.

'69 mets. but know, all right, here is one of the things. you can count retail jobs. we saw the numbers from costco, right? in store sales up 8%. online sales up 22%. if you count in store employees as retail employees but if you count online servicers, people that program, people that mail, that people, all the people behind the accepts that are handling internet sales and a lot of them have to do with tech jobs or this professional jobs. so they're not getting counted as retail jobs. i think we're over stating a worry about a decline in retail jobs. the bottom line is, productivity is picking up so we can have slower growth in employment, still have a decline in the unemployment rate and have economic growth accelerate.

neil: gentlemen, i want to thank you both on the breaking news. lauren touched on it with retail, the retail is expecting a food holiday season anywhere from 3 to 4% sales up from last year. other groups say it could easily eclipse five to 6% better than last year. they always couch that with a big but thing, but, we could see people sort of dissuaded by impeachment stuff, by the trade stuff, by concerns for their own job security stuff. so it could stuff all of those plans. but for now, for now, what the retail industry is saying is, that stuff you've been hearing about going on in the factory sector, and in the services sector, calm down already. more after this.

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♪ neil: with all this impeachment stuff escalating the president commenting on a lot of it today you would think the markets getting clobbered, that looks more real a vote or something to escalate this will happen imminently. the dow is sort of ignoring all of this focusing on we have economy growing not too fast. goldilocks that will keep stocks advancing the federal reserve cutting, a perfecter world at that. the impeachment stuff is generating by sometimes the words president himself uses as today. the president defending a lot of his ukraine comments he made including some texts out showing he was maybe more imminently involved in this process.

worries back and forth within and outside of his administration worried about the whole process earlier than thought. blake burman at the white house with latest on all of this. blake? reporter: one of these days at the white house with headlines galore. let me try to boil it down to a few. it is very clear today the president is trying to shift away of the focus for his calls into investigations into joanne hunter biden. he is not interested in politics. he doesn't think biden will make it out of the primary. he felt that way for a while. he is most focused about corruption. this is point we heard more than 20 minutes on the south lawn at that he brought up consistently. you talk about the new text messages out there. is from a couple of big players within the trump administration in europe. billy taylor, bill taylor, rather, top representative from the state department in ukraine and gordon sunday land who is the u.s. ambassador to the

european union. september 9th, taylor says the following to a text to respond land, as i said on the phone i think it is crazy to withhold security assistance to for help with a political campaign. the implication that taylor feels politics is followed. sondlan d-backs up the president, bill, i believe you're incorrect about the president trump's intentions, the president has been crystal clear no quid pro quo es of any kind. the president is trying to evaluate whether ukraine will adopt the transparency and reforms president zelensky promised during the campaign. these texts were revealed and put forward by house democrats last night. there is a little bit of, a little bit of something for everyone in it, neil. this was the president's response to it out on the south lawn, watch. >> the text message that i saw from ambassador sondland who is highly respected, there was no

quid pro quo. he said that. by the way, almost sounded like in general, he said, by the way, there is no quid pro quo and there isn't. reporter: of course the big headline yesterday was president trump saying that china should, that the bidens should be investigated by china. so i asked the president this morning, neil, if there is any sort of link whatsoever to a trade deal with china and an investigation into the bidens? >> no, no, no. let me tell you, i'm only interested in corruption. i don't care about politics. i don't care about biden's politics. i never thought biden was going to win. this is about corruption. this is not about politics. this is about corruption. reporter: neil, the white house is also going to send over a letter to nancy pelosi calling for an official vote for an impeachment inquiry. the president said today that he would like to see that happen

because he feels at this point he is not being afforded all of his rights. neil? neil: just to be clear, he was nod linking the trade talks to getting information joe biden? reporter: yeah. my question was is there any link whatsoever. he said no, the president was also asked, is a trade deal more likely if there is an investigation into the bidens and he said no. separating the two. neil: they threw you off the south lawn and put you on the north side. blake, thank you very, very much. great reporting as always, blake burman. if that is the case, nothing there there, move on. that does seem to be president's read of things. read nothing into these comments he made about china, that at least were out in the open. a lot of people raised their eyebrows, said it was little awkward. former attorney general of the beautiful state of florida on all that, pam bondi. pam, you know the law better than by far but to a lot of legal analysts it doesn't look good for the president to this

time bring in the possibility of another country to intervene in what could be another u.s. election. on that level, do they have a point? >> are you referring to china now, neil? neil: now china. >> neil, first of all, starting with the ukraine, starting with mueller, there was nothing there. this has been going on day 2 since 2016 this is ridiculous. nothing there then they moved to the ukraine. the president released the transcript. there is nothing there. now they're saying china. neil, i think since president trump stepped on the world stage to become president, he has said, candidate trump, he will be on tough on china with trade. that has nothing to do with looking into corruption. he cares about corruption and he does. biden and hunter, that is what no one is talking about fox news frankly. neil: i understand that, pam -- does it look bad for the president of the united states publicly in this case, he didn't hide anything to mention the

whole china stuff and giving the appearance that he really appreciate them getting some information or any of this that they would know on joe biden? it kind of is troubling is it not just on that level alone? >> well, what's troubling though would be if our leader in chief was not looking into corruption at the highest levels. and that's what he was doing. along with trying to run our country. neil: so he would still this if it, joe biden had dropped out of the race, he would still be doing it? >> i have no doubt he would. i have no doubt that if joe biden dropped out of the race. neil: mitt romney on the wires. okay, fine. mitt romney on the wires now saying it strains credulity pam, to think that trump, referring to the president, asking biden probe is anything other than politically motivated. he clearly disagrees with you. what do you say to mitt romney.

>> i have actually known mitt romney, i think the world of mitt and ann romney, i've known them for a very long time. i completely disagree with this as an attorney reading everything. there is no quid pro quo. if you have a former vice president of the united states of america, getting this almost million dollar contract for his son, who had no experience, then you have adam schiff, current house member, ranking house member, talk about deflecting he is going after president trump, yet schiff is talking to the ukraine about affecting, impacting this election. it is ludicrous to me. if i haves new meaning to the worded projecting what adam schiff did. i think it has to be looked into. neil, what all this is doing is taking away, thank you for talking about the jobs numbers this morning. unemployment in our country is at an all-time low. 50-year low. that is so incredible. it should be, you were saying you know, me being an attorney,

i, read the constitution. i think about we the people. we've got to come together on usmca, on unemployment, on everything we're doing for african-american unemmoment. some jobs being created. and that is what, there is so much good two sides could come together on. yet they're so focused on tearing down our president. during an election. he -- neil: still early in the process. we'll see what happens. pam bondi, always good seeing you, thank you very much. china is watching all of this. how will it play out, will it affect the deal or not? the markets seem to want to know that they're confident this is as much to do about nothing. the markets were sort of going their own way before the watergate thing exploded. you never know, but the fact of the matter they're just relieved that this talk we're going into recession, still happens, we haven't repealed that. doesn't seem like it is going to happen like tomorrow. after this.

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>> china very much want to make this deal. china is getting killed. the tariffs are killing china. what's happened they have now three million loss of jobs. their chains are broken up. if you look at this, supply chain, it's a disaster. companies are going to other countries including us. china right now is a total disaster. neil: the president using our record low unemployment, at least a record low in the last 50 years as an example of what we're doing versus what they're not doing. these chinese talks as we said commence next week in washington. blackstone ceo steve schwarzman has been talking to "barron's" roundtable host jack otter how a deal gets done. >> you're a deal-maker in your book. you write in your book when you went into deals where odds stacked against you and you won. if you were sitting down with

china right now, what would you do forgive and take to make a deal happen? >> this is all on the chinese side. the u.s. can't negotiate if nobody puts anything on the table. in a funny way, this is, described as a negotiation but the negotiation is very much i think within china itself. neil: the full interview will be on "barron's" roundtable, a brand new show premiering 10 p.m. will run through the weekend. my good friend jack otter, of "barron's" will be the host. >> he realizes, sit down with somebody you each have to give a little bit. he thinks this is all on china right now. if that is true they have to realize that. we have to figure out a way to

have them save face. i think something could happen. xi could use good news. donald trump would probably not tell us this, good news would not hurt him either. if he could point to a deal with china would be a big boost to him. neil: the president denied it, a lot of his supporters denied it, maybe the chinese were meant to get this message, i'm being cynical, he was interested in finding out more what they know about joe biden, boy that would sure come in handy around trade talk time? >> who would say that. neil: he publicly did, right. >> whether you believe it or not it is incredible that he would throw that out there. >> makes you wonder if china comes to the talks doesn't have something like that you know, are they going to be punished for it? >> if they do, do we believe it? i think it is deflection. neil: makes people feel uncomfortable. >> that is the game to make you feel uncomfortable. maybe we'll ignore it all. can you tell you a cool thing

about schwarzman, he is jeff bezos' landlord. not a lot of people can say that. neil: really? >> because he skated to where the puck will be and spotted a change in real estate that would benefit from e-commerce. that is part of the reason he is worth $18 billion and i'm not. neil: that is interesting. i did not know that interesting little nuggets you bring up. i'm sure it's a timely show to get into the issue of the markets. are people telling you this employment report calmed everyone down? >> in short it did. it is a bit of yawner, right? it wasn't a blowout number. we've seen a slight decline in jobs growth which is totally normal 10 years into an expansion. it would be really weird if jobs accelerate right now. it is what you expect. wage number was not fantastic. unemployment insanely low. economists say you can't have 3.5% unemployment. five is the bottom. neil: we do right now. >> exactly. neil: looking forward, buddy, thank you very, very much.

we're serious about using english which this guy is very good at, explains complicated issues with haifa lieutenant tin people. if there is a success, jack's job is to get your success. if he doesn't it will be very long day for jack. i'm kidding. a lot of people of woodstock generation letting me know, neil, you mentioned man landing on moon. you mentioned price of things we don't care about. you didn't mention woodstock. that was summer of woodstock. one person said, right. more after this. ♪ ♪ ♪

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♪ neil: all right. forget following the text on president trump, here at fox business we just follow the money. in this case we've been fascinating following money for one joe biden. he raised $15.2 million in the last quarter. not bad, well behind bernie sanders and well behind likely elizabeth warren and pete buttigieg. that was really all before this whole ukraine mess fired up here. so a lot of that relatively weak fund-raising was in place before we had the fallout for the ukraine stuff, what was going on with his son hunter. all that. there are serious money issues to follow here. let's follow them with charlie gasparino, and democratic fund-raiser extraordinaire don peebles. this is your lifeblood. what is happening with him?

because we already know the limits have already been reached from the big supporters, primary season. they can't give anymore for the time-being, right? what is happening here? >> one thing he hasn't reached all the big donors. they have never reached me. he was very engaged of course with obama in '08 and again in 2012. and i think that's a part of what the problem is. neil: he never sought you out? >> no. neil: barack obama sought you out. >> of course. met with me. that is a normal process for high donors and fund-raisers. neil: did you put out the word, i'm here, i'm interested? >> in fact i did. when i got invited to a fundraiser in miami. look i have a long relationship with the vice president. i was nice enough. i sent one of more personal photos between him and i and our wives, said have him give me a call or the finance director give me a call. i would say, that was before he

announced and i haven't heard a word. i have never seen anything like that before. what it tells me has got a very weak finance staff. obama was killing it early on, creating excitement. and money, while, money doesn't vote it is an indication of your status in the race. he should be blowing it out right now. if he is not blowing it out -- neil: he is not. >> that is surprising because joe biden is the type of guy calls people back, if he knows them and likes them. neil: unless he is not hearing this guy is calling. >> yes. the other half of the financed raising story, we reported it on "your world," obviously coming true now they have been the bundlers have been worried about obama. they're not getting the positive feedback from the usual contributors. neil: worried about biden. >> i'm sorry. biden. if this number looks bad, apparently the next number will show a dramatic falloff.

the fund-raising started to dry up when warren started to make her move in the last six weeks we've been told. that is where you're going to see the next number fall off dramatically. >> i agree with him, neil, also the race has not stablized yet. there are wild cards out there. senator booker called me multiple times. last week he was at my apartment for lunch in manhattan with a friend. you know what? i wanted him to stay in the race. my wife and i gave the max. that is the only democratic given to in the primary. neil: what is the max? >> i think it is $2900. i think important thing here. neil: i could stop by your apartment? >> if you're viable candidate for president. >> 2500 is a lunch money. >> what you're say something interesting i agree with

charlie, everything i've known from the vice president. a social guy, strikes me his people around him or taking the money part for granted or feeling pressure about the big money guys that elizabeth warren targets. she raises her money in small denominations. flies in the face what you would think? >> i think the campaign is a bit arrogant. they thought they were. i think they thought people should come to them. the kind of feeling i thought, that it was privilege for me to give some money. by the way i think biden is the best candidate that the democrats can field. i think second to that is booker. neil: really? not warren? >> no, i don't think warren, warren is not a winner. >> a lot of democratic bundlers that i know are mainstream democrats think warren has very good shot. they think she is the front-runner. you can't say she has it wrapped up. neil: kamala harris was thought to be that. >> she lasted a week until tulsi

gabbard took her head off in the debate. this race is clearly not done. we don't know a lot about it. one thing we know that the joe biden doesn't have the fund-raising momentum he had early on. that is indication that campaign contributors and bundlers are pulling back -- neil: might be something to it. don, you taught me, follow the money. >> yes. neil: sure enough it is very profound. early on you could see that with barack obama. it helped john mccain recover in his battle with mitt romney. so there is something to that. if you're a former vice president you have to be worried. >> of course you do. no front-runner in modern time for the democratic party at this time, before iowa has ever gotten elected president. clinton was trailing significantly, was almost irrelevant at this time in the game. neil: trailing -- >> but obama was trailing clinton in the, by 20 plus

points. neil: you're right. >> so elizabeth warren is not a electable candidate. >> she is not -- >> for president. >> she is not nominally the front-runner. it is still nominally biden. >> but she is right up there in the mix. >> i know. neil: we are getting in. mitt romney a little earlier on in the broadcast was concerned about what the president was talking about in china, publicly said on front lame of white house, saying it is wrong and appalling romney rebuking the brazen and unprecedented calls for china to investigate china. susan collins is closest republican who shares that little bit of angst. in mitt romney's case it has jumped the fence into out right rage. we'll have more after this. with drivewise.

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♪ >> in my whole life i didn't know if i even really existed. but i do. people are starting notice. neil: getting a lot of oscar buzz but also getting a lot of controversial biz. "joker" breaking october records for thursday, $13 million in ticket sales. fierce debate not only over content but danger. a lot of municipalities are worried about violence that can ensue, a violent movie. jackie deangelis at an amc theater in times square. what is the latest? reporter: good afternoon to you, neil. you're absolutely right, federal authorities are warning local authorities to watch out for this movie and its locations because of some threatening social media posts the here in times square, 42nd street, nypd stationed counterterrorism agents here.

there are two cars and roughly eight agents took a tour of this theater a little earlier today. of course the "joker" it is a movie that touches on mental illness. it also has scenes that are violent. many folks are questioning whether that will inspire copycat attacks at theaters like this one, hopefully it won't. the question is certainly out there. now the director of this film, todd phillips, he emphasizes that the movie takes place in a fictional world. this is not real life. warner brothers also makes the sail point and says it is not an endorsement of violence in any way. it also added in a statement quote, it is not the intention of the film, the film-makers or the studio to hold this character up as a hero. still of course we all remember aurora, colorado, 2012, when 12 people were shot and killed by a gunman, showing off the dark night rising. that is everybody's mind as we think about this. the nypd not only has

counterterrorism agents but could have some undercover agents in theaters as well. theaters are taking, also, landmark is saying no masks, no painted faces, no costumes in the theater. amc says costumes are okay but no face paint or costumes either. this commodities at a time when big national debate about mental illness and gun violence. it is sparking a debate among many people who actually feel afraid to go see the movie, guys. neil: jackie, thank you very, very much. is all of this just publicity for a movie that some critics say is a lot of buzz for no reason, joaquin phoenix notwithstanding. it is not generating good critical buzz you might think. it might not matter. joe piscopo on that after this.

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>> welcome back to "cavuto: coast to coast." i'll gerri willis from the floor of the new york stock exchange. two stocks in focus this afternoon. netflix and disney. they are higher as you can see right here amid this broader market melt-up. news this afternoon that disney is banning ads from netflix ahead of the launch of its own disney service, disney plus on november 12th, just weeks away that is. how much money might they be forgoing? netflix last year spent $1.8 billion on ads, most of them on television. 38% on tv. so a lot of money at stake here. meanwhile the company, disney pushing back on the idea there might be a broader ban of ads. comcast is said to plan 100 million to launch peacock. warner media will spend

300 million to launch hbo max. a lot of money on the table. it is a clash of the titans out there as these companies get ready to launch all of these new streaming services. but interesting news from disney this afternoon. back to you. neil: gerri, thank you very much. gerri willis. the president you heard a little while ago was angry about all focus on impeachment, not a very good jobs report out today. a record low unemployment rate, best we've seen in some 50 years. trish regan had a chance to sit down with ivanka trump. she is probably of the same point of view, had you, tri? >> she is pretty excited about jobs report. lowest rate in 50 years. she has been working pretty hard, neil on an initiative, he traveled the country with to get more people out working especially workers displaced. they have been in manufacturing jobs or coal mining jobs. a big focus of hers is how do we get them skills they need to be

a productive them per of the workforce. she was very jazzed. i will not lie about that one. she is pretty excited about today's jobs report. she likes that a lot. this is all being overshadowed by the impeachment talk. i asked her, what she thinks about all of that. here we go. >> it is important that you stay grounded in light of everything, what do you think of what's going on right now with the democrats attempts to impeach your dad? >> i think everything is a question of priorities. we have our priorities in the white house. we're fighting every day for the american worker. we're fighting every day to improve the quality of life for every single person in this country and we're delivering. in that fight and on that promise. that is our priority. >> so it's tough, right? because i, i mean if it were me, it would be kind of a big distraction to have that looming over your head. she talked about how strong her

father is, how strong she is really. because, neil, she is very much, charting out her course and staying focused on all the job training which is, is very important to her. i know she has been passionate about it for quite some time. here is a little preview what she's been doing. >> for many decades we've been told there is one path in america, that is four-year university and that path is not available to every american. that path is not right for every american. so while i would never denigrate our university ecosystem, it is the best in the world, we need to celebrate the multiple pathways that exist in america for success. and in this booming economy there are so many. so whether that is technical school. whether that is going into skills trade or apprenticeship program. whether that is getting an i.t. degree like yesterday google committing to 250,000 training

opportunities in high demand field of technology that doesn't require a four-year college degree. it enables a student to secure a job debt-free. we want to open the aperture, talk about all the ways americans achieve success. >> neil, very interesting to me because she said that there is sort of a, part of our american psyche now, you have to go to college for four years. you're expected to go. you're expected to take out all this money. you wind up heavily in debt. she is saying let's think more innovatively about this. tonight we talk more about jobs, we talk about the economy. we talk more about impeachment. she tells us, some of the advice her father gave her as a little girl that has really stuck with her as well as how her family is dealing with all of this. so tonight, 8:00 p.m., with ivanka. neil: i look forward to that everyone has been emailing me what about the haircut, what about the haircut? talking about my haircut? >> you know what? i got the skinny on that too.

her little boy was going back to school and need ad haircut. he was nervous about it. he really didn't want to get it done. she said, i will make you a deal, i will get it cut if you get it cut. that is how that happened. neil: that puts that international crisis to rest. look forward to it very, very much. you have had a busy, busy week. thank you very much, trish regan "trish regan prime time" between 8:00 and 9:00 p.m. catch this corner of wall and broad. stocks are up. still looking like a third down week that would be the third down week in a row. a so-so employment report might have been the tonic markets needed today. but i say for now. the report was weak enough to warrant a federal reserve cut but strong enough no one needs to worry about the united states heading into recession. that is at least how they interpreted it. we'll have more after this.

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neil: you know, is it me or is it 1969 all over again? lot of people looking back to the 50th anniversary of man landing on the moon. of course we remember woodstock. we remember the whole thing with ted kennedy. all this coming back into focus today because of an employment report out of the blue that showed us with an unemployment level that was what it was back in 1969. technically the end of 1969, but we rounded it out the entire year to say we are back at those levels. it's an interesting time, because a new home would cost you about $14,000, you could get a new car for about $3,000. kind of what it is today. but here's the thing. we had an inflation rate back then of 5%. we have an inflation rate today under 2%, if even that. let's get the read on history

repeating itself here because very very low unemployment rate, bit of a disappointment on the new jobs front in the latest period. we will crunch all these numbers. suffice to say, 136,000 was not exactly robust but a gain is a gain is a gain, and that gain continues with a slow, steady improvement that some in the markets interpret as a sign it's a perfect environment for the federal reserve to go ahead and cut interest rates. in fact, those who bet on those things, buy things called fed funds contracts, key overnight lending rate, you can literally bet on what you think the federal reserve will do. last week at this time the betting was 40% that the fed would go ahead and cut rates. now it's closer to 90%, closer to 65% there will be two rate cuts over the next 12 weeks. what do you think of that? let's go to market watcher gary kaltbaum, small biz and entrepreneur council head, karen kerrig kerrigan. karen, this perfect goldilocks number, fed cuts, ignore all

that stuff about contracting manufacturing, slowing services sector, this is what you got to focus on, it's perfect. what do you think? >> i think it's solid. i wouldn't call it perfect but i would call it really solid. also, the job growth numbers, particularly given some of the headwinds that employers are facing right now. i think it's a realistic number also given the fact that the number one problem still is finding the employees that they need, so you have all these jobs that are currently open, six to seven million, and so i mean, you really have to be realistic in terms of the new jobs they're going to be adding with these others open but it's a fantastic number, particularly given the employment population ratio now, 61%, we haven't seen that number since 2008. discouraged, underemployed also dropped by .6%. neil: overall unemployment number is down. do you buy it? >> first off, do not ignore the

manufacturing. do not ignore the services. just remember jobs could be lagging. i have to tell you, this reported number, reported number, is fantastic. you have hispanic, black, women, i mean, all at record, the amount of people working, records. the amount of people out is the best under trump. that is good stuff. i have to tell you, if i fell asleep ten years ago and i just woke up and somebody said we're at 3.5%, i would say well, these fed funds is at 6%. the fact we are 1.5%, if i looked at that on the ten-year i would think we're in depression right now. that's the one thing that's got me very weirded out. what is that telling us, especially what we're seeing around the globe. maybe that's down the road, we'll see. but again, i watch everything. but anybody with a job and the last point, so many people have come off welfare and food stamps. there's nothing better than taking a check from the government and then instead of that, you are now paying into the government.

neil: you could be right. you guys ever worry, though, about other noise, you know, we hope it continues but the gm strike ongoing and layoffs that's resulted from those 49,000 on strike, it amounts to i think about 15,000 in mexico and canada whose plants had to be shuttered as they wait this out. hp is cutting 9,000. kroger's, bed, bath & beyond closing stores. to your point, these are the exceptions, not the rule. the rule right now is it's hard to find workers. but is that noise, because it's building up lately, worrying you? >> yeah, obviously there's some concern about that, particularly given where we are on trade and in china and the discussions around that. i think sealing a deal with china, getting usmca passed through the congress will be helpful. neil: not in this environment. >> we are in a very dynamic

economy, remember? neil: we also live in a very political one, where impeachment is the word. you think any of this stuff, whether it's justified or not, gets done in this environment? >> well, i think that the democrats have to show that they can chew gum and, you know, do impeachment at the same time. we'll see, right? neil: all right. we'll wait on that. the national retail federation ceo joins us now. i read with great interest, your organization, others echoing this, very optimistic for the upcoming holiday season, up to 4.3% gain in sales over last christmas. others are much more robust about that, the online world could get into the double digits. what do you see or what are you betting on that a lot of people don't see and they are actually fearful of it? >> well, neil, i guess from our perspective, we are looking at all of the factors you have talked about already, certainly, the very low unemployment rate,

the fact that across the economy, all segments of the population are doing better at the moment in terms of finding jobs, and in fact, there's a big mismatch, right, in the openings and the number of available jobs, about a million mismatch right now. so the work force issue karen talks about is a real one for retailers and i think across our economy. but consumer confidence remains very high. in spite of the, as you characterize it i think correctly, in spite of all the noise that's out there, the fundamentals for consumers are very strong, and as we look through the end of this year, we know that up to this point, retail sales for example for the month of august were up 4.6% and for the year, they are already up 4.1%. so we feel that this is a realistic and a positive 3.8% to 4.2%, $730 billion, is positive and it's credible and reflective of the current environment when you consider all those factors.

neil: you know, i look at this a little simply, that if jobs are plentiful, to all of your points, karen's and gary's as well, that's the great cure, because if you have a job, you are confident you will still have your job, some of this latest layoff news notwithstanding, you are in, you feel good about it, you will buy stuff for your kids or for christmas, whathave you, so that i think is the foundation for this recovery. now, if that's ever in jeopardy or people start worrying about whether it could be in jeopardy, they will pull back, much like ceos and cfos pull back on purchasing plans, individuals, moms and dads, u.s. citizens do the same. do you see any hint of that? >> well, we haven't seen it show up in their behavior at this point based on the way that they have been continuing to consume at a pretty high level. we have seen it start to show up a little bit in their attitude.

we go out into the field weekly, we do 7,000 or 8,000 sample size across the country, very very good sample size, ask them a lot of questions, and one of the questions that we have been asking is of course about tariffs. you alluded to the trade issues. and the number of consumers that are responding and answering yes to the question about whether they are concerned about the impact of tariffs on prices and on the economy has risen to 8 in 10 consumers. so their attitude is they know about it and they're hearing about it because of that noise, but their behavior is consistent. they continue to consume. i think for the reasons you said. they are confident, they have got jobs, they're earning, the unemployment rate is down, there's some mobility in the work force. wages are growing, although maybe not as robustly as they did a year ago. and so in general, i think they are able to process the fact that there's noise but they still feel good about their own situation, and they are still out there consuming. neil: you think about it, gary,

you are what you're doing and your neighbor's doing. if you hear your neighbor isn't getting downsized or that everything is still kind of the same in your neighborhood, you're not rattled by this. >> we are all a product of who we are, how much we make and what we see around us. consumer confidence is very high. my little worry is consumer credit has been skyrocketing. we are seeing -- neil: in other words, a little too -- >> yeah, auto loans being stretched out six to seven years, subprime lending is back in a big way. some of the things that -- neil: it is in florida, too, right? wild. >> those are some of the things i'm always watching. all i can tell you right now, 3.5%. we were thrilled when we saw 5%. 3.5% is a gargantuan number. neil: you were running around doing god knows what. >> these are people that weren't making money or getting a check that are now making money. not only are they getting the check, but the feel-good, how i

feel about myself and you know what, you know how people are during holiday time, they spend. neil: they do spend. they do spend. you know, they are spending a lot. the very fact that apple is ramping up production of their new iphones, those don't come cheap. that tells you something. >> it tells you a lot. it does. i was going to ask matt, matt, how you doing? what is the one thing that you would pinpoint that could potentially drop down this positive economic outlook? last year, it was the drop in the stock market. anything that you think is the biggest threat that would undermine this positive season that you're looking at right now? >> well, that's certainly one that's on everyone's mind, isn't it, what can we do to snatch defeat from the jaws of victory here. because you point out, a year ago, we had the big drop in the stock market, we had the government shutdown, we had the federal reserve raising rates, so hopefully those two latter two things aren't going to happen this year. i think the uncertainty that is

sort of overhanging the economy in a variety of categories, political uncertainties related to things happening here in washington and around the world, there are economic uncertainties related to what's going on not only in this economy but in other economies, and certainly specifically the trade relationship with china, and you mentioned a few minutes ago the usmca deal. so you know, i think they are the uncertainties that are controllable and those that are not controllable and we can't control what the chinese are doing in hong kong, we can't control what's going to happen with brexit. there are things all over the world we can't control. we could control let's make some productive progress next week with the chinese on october 10th. we could control it if, as you say, we can walk and chew gum and do more than one thing at a time, we could get usmca done. so those are -- neil: we don't want to get ahead of ourselves. a good retail man, i like your glass half full view of life. matt, thank you very, very much. again, to matt's point,

retailers are -- they asked them all, they get a gauge of consumer demand and they are optimistic it's going to be more ho-ho than ho-hum. meantime, forget elizabeth warren. should mark zuckerberg be more worried about a guy named bill barr? we will tell you all about it after this. liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ this is the family who wanted to connect... to go where they could explore and experience adventure in unexpected places... ♪

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what we need is a president with the courage to enforce the antitrust laws, break them up and yes, mark zuckerberg, i'm looking at you. neil: oh, no, she didn't. yes, she did. forget about liz warren, though. should mark zuckerberg be more concerned about attorney general bill barr? deirdre has the details on that. what's going on there?

deirdre: hey, neil. facebook is used to being in the hot seat which is good because that's where it's staying. senator warren thinks the company is a monopoly, should be broken up but u.s. attorney general bill barr targeting facebook for a different reason. so he says facebook should halt its plans to put end-to-end encryption on its messaging services, citing public safety. our sources say the u.s. ag will be presenting an open letter to facebook and mark zuckerberg co-signed by british and australian officials. facebook did respond with a statement. i will pick out one key phrase. we are consulting closely with child safety experts, government and tech companies devoting new teams and sophisticated tech so we can use all the information available to us to help keep people safe. privacy proponents say there's no fool-proof way to implement encryption back doors, in other words, there's no half doing this. so any vulnerability, no matter how hidden or no matter how

secret, can be discovered and potentially abused by hackers and criminals. if you ask anyone in the tech community, they will tell you the u.s. government has a really bad track record of being a reliable steward of sensitive digital tools. there are numerous examples where the government has either lost or mishandled them in the past. by the way, this reminds me of apple. apple had to take a stand four years ago. it faced off with the fbi, super-sensitive for the company. tech giant refusing to create a tool to unlock one of the san bernardino shooters' iphones. that argument ended up becoming a moot point since a third party did eventually open the phone but this argument of privacy versus security is going nowhere. it's just going to get louder, it's going to involve more companies. this is just the beginning. apple was first, facebook's turn right now. so mark zuckerberg has a lot to monitor. this is one more thing. neil: he has a lot of people breathing down his neck. you can stay in this mix if you're up to it.

i have gary kaltbaum and karen kerrigan here. this notion he has lots of enemies now on both sides. >> are we talking about the nsa or facebook? on a daily basis, this man and his company are in the crosshairs, not to say that he doesn't deserve some of it, especially with the privacy, but i'm thinking he's saying to himself i just wanted to start a little place where people can meet. neil: look what happened. >> look, the problem, i have been saying this for a couple years, they have become a data-collecting monster with so many moving parts, where you just don't know what's going to come out of it, and the government has decided wait a minute, this is just ridiculous, too much. i have always said if i was in outer mongolia at a coffee shop looking for a tour there, three days later i would go on my facebook, there would be an ad for a tour in outer mongolia even though i wasn't on the

facebook. what exactly is facebook now? is it a community or are they -- neil: well, to explain it, he's got a lot of people's attention. obviously for elizabeth warren to keep mentioning his name as she did again yesterday and today, she is more or less saying yeah, if i get into that white house, i'm looking at you, and even, wasn't he even saying well, maybe there's a limit to how many billions you can have. what do you think? >> well, you know, i think with this issue, specifically, is that facebook currently is trying to rebuild their reputation, right? in terms of privacy and security. so this is an opportunity for them in terms of explaining why encryption matters. it matters to privacy, it matters to people worldwide with repressive governments, criminals and abusers of all sorts. and as was noted, the government does not have a great track record at all with digital tools or user data.

>> do you really trust mark zuckerberg on anything he says on privacy at this point in time? >> can i jump in quickly? i was just going to say i do not own facebook stock. i don't in that sense really have a dog in this fight but what i would say is google has about ten times the information on us that facebook does. i by no means want to be defending facebook here but what i do want to say, even google trying to do this end-to-end encryption is facing the same kind of scrutiny. i think this is bigger than any one company. this is really about as a society, we have to decide between those lines of privacy and safety. this argument is just going to get louder and bigger. today it's facebook, tomorrow it's another company. neil: now it's all the tech guys. either you break them up or rein them in, but it goes way beyond. >> control. neil: control of a lot of that data. all right, deirdre, thank you very, very much. a lot more after this, including this scary start today notwithstanding to the markets,

it is looking, unless we have a huge turnaround, more substantial than this. we will have our third down week in a row. normally when the fourth quarter starts off that way, it ends down. i don't know why that is statistically significant but it is. what does that mean? of a different kind. adp helps canyon ranch place the right people in the right jobs, so employees like dave can achieve what they're working for.

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laur lawrence welk flair, and get where they stand on this. take a look. reporter: are you investing any of your money in the stock market or any other type of financial product? >> so although i'm an economics major, i haven't invested any money yet. but i do plan to. i simply don't know how and i don't have the time. >> yeah, i'm invested and i do pay attention. reporter: you never thought about investing your money, saving for the future? >> no. reporter: is there anything else holding you back from investing in the stock market or any other financial product? >> not having enough money. reporter: do you feel like you understand what goes on if you did have some money? >> probably not. reporter: do you invest in any financial products? >> yes. reporter: what? >> mostly stocks and bonds. i save up and spend it on stupid stuff. reporter: like what? >> shoes, audio equipment. >> i know so little about the economy that i'm just not capable of it. reporter: do you have investment advice for your viewers, what

would you say right now? what are you holding? >> etfs. go with the market long-term. reporter: is it something you are going to wait until you're older? >> i don't want to think about it right now. neil: i like the guy with the tie. should get his number for my daughter. anyway, anyway, that was really wild. were they all cnbc viewers, they were just out to lunch. i'm kidding. i'm kidding. what's going on? >> i was at fordham university and happened to be near the business school. the guy was a business student. overall, the two major factors obviously lack of capital, a lot of students don't have the money and the second thing that seems to resonate, the lack of confidence and knowledge which is why we decided to do it today because fox business as we know, we revamped and invested in you is a priority but it's invested in you for all generations, not just the older. it seemed to be a constant problem. people are scared. these students, a lot of them

talked about that. i asked what about financial literacy courses, personal finance, and it's never really part of the curriculum. it wasn't when i was a student either. it's often an elective. that's the problem with a lot of them, they feel like they don't know what's going on. neil: it could be just what they learn from mom and dad. there's not a lot of robust interest. a lot of people feel overwhelmed with all the obligations. >> i used to take both my sons, put them down at the table and talk to them about municipal bonds and money markets and everything that matters in the real world. let me tell you what ended up happening. all their friends showed up at my house. i had ten kids, teaching them. they really do want the know but nobody's teaching them the real world stuff, the real stuff that's going to matter once they get out and let me just, to a person, not one of them knew all the little stuff, let alone the big stuff. i think the schools need to listen to that, maybe do some work. neil: when you're young, you

have more time to let that appreciate, investments, something, anything. get the benefit of time. >> you say there's more time but then i don't think a lot of the students see it as a priority. they don't see the relevance at that point in their life when they have to rush to class at 8:30 in the morning, do all these things. neil: you are going to have loans and pay those back. >> the average right now in student aid is $32,000 per student in terms of student debt. it's clearly a big problem. >> try telling them at the age of 21 put this into a retirement account, you will get it out at 65. >> you think any of the financial literacy courses will matter? i know they are starting to be mandated like in high school. some say that's great but it needs to be continuous learning, like mathematics. you start in kinkeder gart kindt goes all the way through. >> they will learn about compounding interest, maybe about certain bonds, but they will never talk about it again. >> 21% credit card interest. that's something to learn. >> i do think it's something that should be happening every

single year, not once at the end of like for example, in my high school in grade 11 is where you had the one business class. >> especially in this day and age where information is so free and easily -- easy to get. one would think there would be more literacy, you are interviewing these people and some of them are actually saying i don't know anything about the economy or markets. it's amazing to hear that. and they are in college. you would think somewhere along the line, they would get something. neil: it's not happening. i tell my kids, make it easy. tell them your mother and i are spending every last penny, you're getting nothing. i don't tell them that. that was very good. very interesting. meantime, what's very interesting is all this controversy around "joker" but who's laughing? >> put your hand together.

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everywhere all at once. >> the actors we hire are doughier than them. doughier. neil: what did he mean, doughier? eddie murphy is back on the big screen with a new movie,

"dolemiteis my name." joe piscopo, his career is back with a vengeance. >> i watched the trailer, i'm cracking up. this is going to be magnificent and hopefully oscar-worthy. he's a great actor. this young kid, eddie murphy, from hempstead, long island, going to roosevelt high school, we always do this character you see like off-camera. neil: i heard that, this was not something that was invented today. >> he would have me on the floor. he lived in jersey at the time. we would hang out a lot. he would do this character. you would just laugh hysterically. now it's on the screen. it's going to be great. neil: it's a comedy. >> yes. as far as i know, it's a comedy. neil: two oscar contenders, joaquin in the "joker" and eddie. you give credence to that? >> i think so. eddie, if you watch him and i

knew him early on, that he's great onscreen. look, he's funny, we used to laugh but his patience onscreen, eddie murphy's patience onscreen, i never had. i could never do that. i'm too hyper. neil: no, you're not. >> i'm kind of a stage guy. watching eddie even at a young age, very patient onscreen. very funny. this is a guy i love daerearly. i'm exhausted after this week of radio. i can't keep up with the news. we need eddie murphy. thank god dave chappelle came up there. this guy said to me with a straight face i'm going to do a black version of mr. rogers. he said that and darn if he didn't do it. i'm going to do buckwheat. neil: it would be very tough to do that today. >> that's why i can't wait for him to come out with his netflix special because i'm tired of it. i'm tired of it. i was on the show, i shouldn't

say this on fox business but i was joking around, we were playing barry white and i always wanted to sound like barry white. hello, how are you, man? hey, baby. people are going to go oh, that's racist. no, i want to sound like barry white, baby. neil: one guy here who sounds like that is shepard smith. great voice. gary -- >> you want me to say something? neil: yes, i do. tell me about these performances in orlando again. >> magnificent. i expected comedy, then he started singing, he did sinatra. his impersonations, wow. i am sitting next to this man, just letting you know. neil: years ago, you were hosting a boy scout event. my son was there. my sons were there. >> they were there.

you got a charity, i stay late. neil: the boy scouts didn't quite know what they were getting into. one thing i do want to raise, eddie murphy is out there doing a lot of interviews, as he should, it's going to be a popular movie, he regrets some of his old stand-up acts in the '80s. >> i saw him in denver do his comedy show, raw. there is no chance he can do that today. i gather if he wants to win an oscar, he may have to quietly or maybe loudly go out and make a little bit amends because -- look, you -- neil: that would wipe out joe's entire career. >> bunch of "seinfeld" shows you couldn't do, there's "blazing saddles." none of this stuff. neil: that's where someone like bill maher is right. if we all got a little too preachy to ourselves.

on the left, on the right. >> not just a little. i would say a lot. neil: why are you arguing with me? in the old days you could never do that. you push the envelope sometimes, with good humor. >> i'm grateful to salem media for allowing me to do it on the radio every single morning in new york. you wait for a phone call but if you do it nice enough with a laugh, bill maher is absolutely right, we went too far. now it's time to say everybody slow down. in politics, in comedy, everybody's just got to stop. neil: you will get irate callers, right? >> you know, not too much. because i don't know -- neil: that's all i get. >> do you listen, i have to listen back to my radio show just to make sure, you ever do that, just to make sure you didn't go over? >> no, no. i like to have a nice memory of it. i never listen. somebody's got to do nancy pelosi. neil: oh, no. >> is there a little bit of t t

that, she's talking like we're morons. adam schiff, man, you can't make up adam schiff. he steps up to the podium like this. like a bad alfred hitchcock movie. neil: oh, wow. okay. >> we have a great idea for joe. you could do those for us. neil: you are a genius. >> eddie murphy, one of the greatest performers all-time, so funny, then he went into the movies with the "beverly hills cop." those things sold like crazy. then he started doing other movies, with the animals. >> those animal movies made like $200 million. neil: they did. they did. apparently they didn't really talk. only one guy knows that. all right.

we are going to take a quick break. sean spicer is going to be back on the impeachment pressure and the incredible dance moves.

neil: all right. we have thrown joe out of the studio. but one thing we do love about him, i personally loved about him all these years, he pushes the envelope and can laugh at himself and others, both sides, and has a good time. embrace life. it's way too short, my friends. doesn't my next guest know it. sean spicer, former white house press secretary and quite the dancer, i might point out. good to see you. >> thanks, neil. good to be here. neil: awesome job, young man. i think you're going to win it all. my family is rooting for you. every week it gets better.

what i'm impressed is you're doing this and a lot of people, rational people, say why is sean spicer doing this. why did you do it? >> a few reasons. one is because you live once and i thought you know what, let's have some fun. i'm not a good dancer. neil: not about the dancing. >> you live once. have some fun in life. it sounded like i have been talking about it with the show for awhile. it never fit in with the schedule. my businesses are doing well. my partners can take up the slack and i thought have some fun. number one. number two, have a show that i can encourage my children who are pretty young to watch. number three, we turned this opportunity into a cause. everything we are doing from auctioning off that bright green shirt to selling campaign paraphernalia on our website benefits to veterans' charities i'm involved with, independence fund and yellow ribbon fund. we tried to turn this opportunity into something good for those who have truly sacrificed for our nation.

and you know what, i'm having a blast doing it. neil: you know, i always remember about you, sean, i'm not blowing smoke, i do mean this, you have a great sense of humor. you are very effective at laughing at yourself. my dad used to tell me the same thing. you might as well laugh at yourself because trust me, everyone else is. i think you are embracing that. i think that's what has grown your appeal on this show week by week. are you surprised when you survive another week? are you surprised when you keep it going? >> yeah. and i'm also humbled. i know this is -- but i tell you why. because it's not serious, right. it's a dancing show, it's meant to have fun and entertain people. none of us are trying to be professional dancer. but it truly is humbling when you stop and go okay, between 8:00 and 10:00 p.m. on monday night, someone is taking away time that they could be, you know, spending with their kids, getting ready for the next business day, doing laundry or cleaning the kitchen, whatever, and they're texting ten times to support myself and lindsay

arnold. it actually really humbles you to realize how many people are taking time out of their day to vote for you and they go, you know, you can actually sign up, we will send you updates. neil: i like how you -- you made it a campaign. how does she feel about you? i don't think she knew what she was getting. >> well, here's what i'll tell you. i'm so lucky to have a partner like lindsay arnold. she's a proechfessional. she's patient, kind, an unbelievably gifted instructor which is what i need in spades. i was extremely lucky to get paired with her. and she has really made this journey fun for me and i have learned a lot along the way. it's funny because by the time you get to where we are now in the competition, you are getting four days to get ready to learn an entirely new dance. you get one, you finish it monday night, if you go on it's like okay, fresh canvas, learn a whole new thing, new song, new

theme, and you know, it's intense, every single day. neil: i don't mean to sort of throw in politics here but we live in a very polarizing, you know, eat 'em up alive world. the democrats going after the president, the president going after them, you know, for pushing impeachment. it's a nasty time. i almost think juxtaposing you on this show is a reminder maybe we can just chill a little bit. you know? >> well, you and joe were talking about it a little. here's the thing. what i love about this show is that we started with 12 people. literally from the most diverse backgrounds, you have athletes, comedians, actresses, singers. none of us talk politics ever. i don't really know where any of them lie. i can probably guess on a few. but we actually go out there, we root for each other, we, you know, we actually want each other to do well. we don't take it -- we work hard but it's not that serious and for two hours, people can tune

into something and people are enjoying themselves, rooting for each other, having a good time, and then you can go back to whatever you have been doing in the past and like i said, i have always been -- said to folks i'm a fierce partisan but i think you can do it in a very civil way. i will fight for conservative principles day in and day out. neil: you should have fought a little harder about that green shirt in the first going. you know? i know you auctioned it off. >> neil, that shirt, that shirt went for $3800. neil: i heard. i can't believe the academy spent that much. kidding. you know, we were talking about -- go ahead. >> he was not too pleased. he said that friends don't let friends do that. neil: i don't know, i just think we got to get over ourselves a little bit and have fun. what's the big deal. >> no, i agree totally. sean, hi. karen kerrigan. good to see you. i love he's fun, his attitude,

taking risks to do this. you're right, we all need to chill a little bit. one thing i was going to ask sean, not to be a buzzkill, someone called me a buzzkill yesterday, first in my life. anyway, you know, in terms of let's relax and chill, what about this democrat impeachment stuff going into 2020. they think they've got a winner here but what do you think are the threats for democrats in 2020? >> well, i think it's a great question, karen. it's really interesting you represent all these small businesses out there. and they are paying really close attention to this. 31 democrats took over districts that trump won last time. saying that they were going to go out there and work with the president, fight for small businesses like you represent, work across the aisle and they have now gone down and toed the nancy pelosi/aoc line and before anything really got rolled out in terms of the whistleblower, the testimony, they were already on the impeachment band wagon.

pelosi has an 18-seat majority, yet 31 of the members are in seats that trump won. this is going to be a very tough political balance for them, because on the one hand they talked about working for the president and now they want to impeach him. it's going to be tough for them to maintain that line, heading into their first re-election and that's where pelosi's gotten yanked so far to the left by her base that she's left these 31 individuals out to dry. neil: we will watch very very closely. that would have been a former compelling argument had you been wearing that green number at the same time. really, sean, best of luck. we will see what happens in washington. that gets its own series of laughs for quite different reasons. i have a feel you aing you are to win this. >> i never thought i would actually say please vote for me on monday night. >> go, sean! neil: right now, right now, gary is seriously considering that offer for the next "dancing with the stars." we'll see what happens.

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. ♪. neil: all right. we got serious rally going on after hearing from sean spicer. press secretary now on "dancing with the stars." that is the neck move for my buddy charles payne same career expander. good to see you, my friend. not on dancing thing. what you make of the market turn around today? >> i'm making parallels to january 4th, when somehow jay powell had epiphany, neil. they hiked rates for fourth time in dice. they hiked four more times. the he made a complete change. the dow rallied almost 4,000 point from january to early april.

we could be on cusp of something good between the china trade talks and more accommodative federal reserve. >> i agree, charles. >> thank you. neil: i wanted to ask about the "dancing with the stars" thing. >> i was in the back of my mind. >> markets in january 2018, you have things like transports and russell. neil: debbie downer. >> no, no. as of this second it is not happening. internals of the market have to improve. not even close. down 1300 in two days. up 600 in two days. welcome to my world. so. >> i think on the trade front we're getting somewhere. >> we are? neil: let me know.

>> thinking about usmca being passed, number one. on the chinese front, leaders are maybe thinking better to cut a deal with trump now, what will we deal with after the next election? neil: charles, what do you think of that, pressure building here. maybe chinese feel with it, deal with the president we know. he might be more interested in making a deal because of all this impeachment stuff, slow down in the u.s. stuff, what do you think of that? >> a president elizabeth warren would be the worst nightmare china ever had. there are a lot of folks are in president trump's corner who do not agree with him on this trade battle. they have gone along with it. they see public opinion really understands this is the moment. so they get it but they want it resolved. neil: got it. >> a president warren would be full steam ahead. this is just the beginning. neil: buddy, you will be pursuing that a lot more after this.

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♪. neil: all right. i didn't know they were going to us. go to charles right now. jerome powell getting ready to set stage. he has very busy hour. charles, i will hand it over to you. charles: thank you, very much, all eyes on jerome powell. great to be back. markets are up. chairman powell will hold a question and answer session called, the fed listens. he is expected to address today's jobs report and this week's market volatility and a slowing world economy. trade worries will come up as well. let's bring in edward lawrence with more on powell's comments. reporter: exactly what he was saying. he already started speaking. chairman of federal reserve jay powell says the economy is in in a good place. it is the fed's job to keep it there. what he has not said in the news conference and last fed statement that the fed