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tv   Cavuto Coast to Coast  FOX Business  October 9, 2019 12:00pm-2:00pm EDT

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that ignited the market. we're up 171 points. don't forget, the big talks on trade begin tomorrow. their top guy meets our top guy. that's tomorrow on china trade. we'll bring you the headlines. that's a promise. neil, it's yours. neil: stuart thank you much. open to a small deal than a large sweeping one. those has stocks popping right now. beware some of these knee-jerk responses as often said, we trade tit-for-tat on trade news. worst stocks look. all eyes on the high level talks tomorrow. so is some sort of a deal better than no deal at all? we're on that. good to have you, everyone. i'm neil cavuto. let's get right to it with mixed signals on trade this week. promising talks they might dial back expectations to get a deal done, even if it's a partial deal. even if it isn't original deal
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people thought it would be. edward lawrence on what is being teed up for tomorrow. what do you have, edward? reporter: both teams are in their proverbial corners in washington, d.c. vice premier liu he is getting ready for the meeting to happen tomorrow with the heads of trade delegations. as we said on your show, both parts of agreement, set a timetable for the deal. president donald trump said we come this far. he would like to see a complete full deal finished related to this. economic advisors on this are mixed we have on one side larry kudlow saying that see what the chinese are offering coming to the table. on one corner peter navarro says the president wants a full deal because china needs it more than we do. the chinese commerce ministry
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will not negotiate going forward changing their laws. they will handle intellectual property enforcement through administrative regulation what is they have said. we'll have to see if u.s. trade representative robert lighthizer will agree to that. the on this the chinese also upset this week about 28 new companies and groups being added to the entity list that did not stop the talk this week. chinese upset limiting visas to communist officials related to human rights violations. listen to this. >> translator: we urge the u.s. to correct its mistakes at once, and stop the interference with chinese internal affairs. we will continue to take forceful measures to safeguard our sovereignty, security, development interests. reporter: it has not stopped the talks for thursday and friday. spokesperson for the chinese foreign ministry today says they hope the u.s. meets them halfway. administration saying status quo will not work tomorrow morning. we'll see if the chinese vice
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premier, we'll expect to see chinese vice premier shake hands with robert lighthizer and treasury secretary steve mnuchin as they greet each other for the pleasantries. once it starts we'll see exactly how far things go. if some of the concessions removed in the last may deal the u.s. says were deleted, put back. he wants to see if progress is being made here, real progress. neil: that will be a real debate. edward, thank you very much. 29 of dow 30 component are up on the promising talk. it is talk but it is promising. so far as some sort of a deal can be cobbled together that might not be sweeping but it will be something. the multinationals that dominate the dow, 3m, boeing, i talked about some financial plays, jpmorgan chase and host of others. if they seize on this, a chance the business environment improved. many companies that dominate the dow, the ceos are out there
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with warnings how uncertain things are with trade. that is obviously getting them to hem their bet as little bit. if they have less reason to do so, or some closure over next few days, or promising signs over the next few days, are all bets off? moody's vice president william foster. what do you think, markets pounce on the slightest news, the latest slight news is that we might get a scaled down deal what do you think? >> there is so much, recently been a lot of negative headlines obviously so having some positive is good for the markets obviously but fundamentally this will be very difficult to reach a comprehensive deal as the president says he is striving for. we hear remarks from the u.s. and china. they seem far apart as far as what the expectations are. a small deal is possible but not a comprehensive deal at this stage the president is seeking. neil: what is so newsworthy that
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china is open to a partial deal. they have always been open to a partial deal. that is not the headlines, i think it would be hey, we're open to a partial deal and making it and still might insist on it being much more substantial? >> i completely agree. i think there is really nothing new i would say from the chinese side we've heard. obviously the fact the door is open. they have not entirely shut the door based on the last few days is obviously a good thing. nothing material is being offered from buy more u.s. goods. neil: even on buying more u.s. goods, even agricultural goods, what you envision there, even with billions of dollars of purchases of these goods, i'm told they won't make up for where, orders stood before all of this happened. if that is the case, we're grateful for getting just a little less than we had before? >> sounds about right. kind of the irony of the situation. they will be buying things they already would have purchased. >> right. >> soy and other things.
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neil: do we have a way of proving that? when i was watching and looking at some of these numbers, william, is there a way to quantify, yes, they are indeed buying more soybeans, they are indeed committed to buying still more soybeans? no we have to wait and see. look for commitment up front and look at the data in terms of trade statistics. we would be able to monitor over time, sure. neil: this isn't your bailiwick, the markets think a deal is better than no deal even a watered down deal. do you agree with that view? >> in terms of sentiment and financial markets? yes. the uncertainty back and forth and negative headlines on a on going basis undermining strength for potential of more investment due to the you know lying strength of the economy. removing that uncertainty would be a good thing. how much after fundamental change moving forward would be unclear and remove uncertainty
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hagging over the markets. neil: we have had a lot of clouds. moody's vice president. lauren simonetti on the whole nba thing and the controversy that has happened since. >> neil, nba commissioner, adam silver, is in shanghai to do damage control if he can. there is a lot to do, even more at stake there, basketball the most popular sport in china. it is worth $4 billion for the league last year. the l.a. lakers are set to play the brooklyn nets tonight in shanghai. the china television is not airing the exhibition game. tencent won't stream it, there is concern the nba will cancel it all together. lakers nba cares event was canceled moments before it was suppose to start last night. the backlash is swift. friday night the houston rockets general manager tweeted support for hong kong. by tuesday there was no rockets gear on any china site.
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companies are trying to manuever in between. espn is forbidding hosts to talk about politics. steve kerr, outspoken host is not talking. he is getting blasted for staying silent. activision blizzard, it punished one of the heart stone players for supporting hong kong after match. the game-maker suspended that player, stripped him off his prize money as well. public calls are calling to boycott activision blizzard. i just spoke to that player. he says, i spent four years on the game. so i only lost four years of my life but if hong kong loses, it will be forever. neil? neil: amazing young man. lauren, thank you very much. this as lauren indicated is beginning to be par for the course. the chinese are strong-arming from u.s. basketball fishes to popular famers to force their
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way. lauren pointed out little things changed. company caved to whatever demands china had, not risk losing business. hal lambert on the grip china continues to has on u.s. companies, entertainment concerns, sports concerns. it is remarkable, hal. what do you make of that? >> i think that is amazing comment by the young gamer. i wish our executives here had the same courage he has. the nba has two big problems, the first is the apology it seven. was a pretty mild tweet by the general manager in houston simply support freedom and democracy. that what we stand for as country. the big problem is nba hypocrisy. they are practicing selective wokeness. look at north carolina when they passedbathroom bill in 2016. they pulled the all-star game
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out and campaigned against the north carolina governor in the next election. they're apologizing to a communist dictatorship that has millions of political prisoners, they are doing terrible things, doing organ harvesting and doing terrible things and they're apologizing for the money. that is the biggest issue. you have guys out there, steve kerr is silent. i would love to see mark cuban talk about this i like mark. he has been very quiet on this too. tillman that owns the houston rocket is worth $5 billion. when you're worth that much money, can you not stand up for freedom and democracy? do you have to go oh, my gosh i may lose a billion dollars, so i will side with china on this? i think there has to be leadership at executive level from people that have the money, have the resources to stand up to say look, we're going to side with the united states. we're going to side with freedom and democracy. neil: one thing amazes me about companies even like you said basketball, gaming institutions
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that caved if china gets their number, readily see with the subtlest of pressure these guys will all fold like a cheap suit. i am wondering if they carry that moxie in with them to the trade talks thinking they have our number? >> i bet that is exactly what they think. i'm sure they thought president trump would cave a long time ago and it hasn't happened. president trump is true believer on the trade. it is not political. you're exactly right, they have been able to do this, chinese gotten away with this for decades with our executives and companies. they're desperate to do business in china. neil: we talk up the 300 million young chinese kids into it, are they really thinking, chinese authorities thinking if they went to the european basketball league, that woulds as much of a draw as you know, the nba? and it is like we're afraid of our own shadow here. the chinese know it. >> you're exactly right, neil
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and no, of course not it will not be the same being european basketball league. this shows what kind of a police state they have in china they can actually cut this whole thing down and turn it off for the viewers. this isn't the chinese people themselves boycotting the nba. the government of china saying you no longer will be allowed to watch nba, you can no longer watch their product or buy their jerseys. that is trade at its worse. they're siding with, you know, basically dictatorship versus freedom on this deal. i think it is really unfortunate. neil: i think you're right on all counts, hall, thank you very much. hal lambert on all the development. we'll talk to senator chuck grassley, what he makes is happening on the trade front. there is a separate trade deal between ourselves and canadians and mexicans. that is not going anywhere. also an opportunity to see how he feels, republican senator grassley on the ongoing
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♪. >> i think they're making good progress toward finding common ground. i actually think there is a path, as the speaker said, to yes this year. neil: all right, that was kevin brady talking up the deal we have with the mexicans and canadians. that deal has been stymied in the house 11 months. that vote don't look imminent. kevin brady expressing optimism that it could happen. finance chair charles grassley hopes it is soon. he joins me on the phone. what if the year-ends and that is not approved in congress,
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what then? >> we can't that happen. a lot of important things don't get done during an election gear, so i am convinced it is going to get done this year and that comes from repeated at insurances, only once to me personally, three months ago, when i had a meeting pelosi, she indicated she wanted to get to yes but it had to take some time some of her new members comfortable with it. she was recently, even since this impeachment stuff come up, she said that, left the caucus of her party and she said she wanted to get to yes and she wanted to, even with impeachment. she wanted to, to continue to work with the white house on prescription drugs and on usmca. and then the last thing i will say is that there has been some negotiations going on between lighthizer and the democrats in the house that have some
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concerns about labor environment and enforcement and i have heard nothing but very positive things since mid-august that all of those negotiations are going pretty smoothly. so somebody said last week or maybe even yesterday that they expected this to get done this year and i, i have not had anything but positive feelings about it since we got the tariffs off of aluminum and steel, on mexico and canada and then we can move forward in the congress. neil: but interesting, right, senator, this whole impeachment thing is getting in the way of everything. now the president of course is not responding to a lot of demands for subpoenas or everything else. house first take a vote on impeachment inquiry. they have yet to do that. no law requires them to do that with the constitution and elsewhere. do you agree with that? all i can tell you is, that,
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everybody better put the country first. usmca is very, very good for the country. even the democrats that have said that nafta has been bad 25 years. that is such an improvement and would put the country first and not interfere. time is running short getting back to your original question. there are still three months in this year but that is not a lot of legislative days. neil: you're right. you're right. >> i hope the house democrats don't forget about this very important policy in the midst of this impeachment process. neil: are you surprised the impeachment process, senator, is gaining steam it is and that even, you know, three out of 10 republicans support this impeachment push now? the numbers can be a little deceiving when you hear about a majority of americans who favor at least beginning the impeachment process, that doesn't mean a majority want the
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president impeached but it's a growing number. are you surprised? >> i am very surprised from this standpoint, that six month ago mueller had a two year investigation and there was no collusion and no crime. i thought that was the end of this effort to vacate the last election because people thought trump shouldn't have been elected, but now it has gone on and on and i don't think we should be surprised at all, it is going to continue to the next election, either the impeachment process or you know, this is the fifth or sixth thing they have come up with, that they thought they had a good excuse to get rid of the president. so i don't think these things are going to ever end, because the people that dislike this president winning and some of this impeachment stuff started the day after he was elected, i don't think it is going to go
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away. by the way you mentioned polls. i've seen so many different polls, so it is kind of hard to know where the american people stand but i know they want the u.s. mexico agreement. neil: we shall see. senator, thank you very much. always good chatting with you. >> okay. good-bye. neil: senator grassley. farmers are just proving that corn is not just for eating. jeff flock with a live look at that. hey, jeff. reporter: hey, neil, out with some of senator grassley's farmers here, i'm shooting something they call a corn cannon. bang, wow. i shot that pretty far. tell you why, farmers are making more money shooting their corn down the barrel of a cannon than they are selling it on the commodity markets, next hour. stay tuned.
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house financial services committee, digital currency. there are other currencies or attempts because this gets most scrutiny because it is him and facebook, people feeling with the heft behind it, it has the most chances of succeeding so obviously they made that the focus here and made him a target on capitol hill. we'll continue getting updates on that about the exact time he will go to the hill, who is doing the questioning. it gets nasty. speaking of nasty, charlie gasparino on this at&t-directv thing. i don't know where things are going. >> mr. stock exchangeky, ceo of at&t they're not selling directv the satellite. neil: after hinting. >> we reported first, not everybody else they were getting inundated with banker ideas possibly to sell off because as you know -- neil: they have a lot of debt. >> they have a lot of debt, activist investor in the stock, elliot management wants to get rid of the debt and spin it off.
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we should point out the total, a deal involving directv, our sources are telling me is not 100% off the table. okay? maybe not the sale is, but this deal isn't. what we do know is that, at&t has been approached by bankers, working with apollo management, the big p-e firm. neil: right. >> some sort of a spin-off of directv. they spin off to a separate company. maintain majority control of it which they want. want that distribution, merge it with its content of time warner and dish, another satellite provider, would be part of that deal. would be part of the ownership structure along with apollo. that is the way this envisioned is. i went to at&t, one of my sources they had no comment, one of my sources described their thinking on this it is not totally off the table. okay. something like this deal that has been approached by apollo
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could be in the cards. there are no active discussions of it right now. i don't want to make it ready to announce this thing tomorrow. because they are not. something like they could have their cake and eat it too. you off load this company which is not doing so well, right? it is still a big distributor. neil: bought it a few years ago. >> with a lot of debt, and you basically still control this big distribution system even though it as declining asset. neil: yeah. >> you deal with the elliot the stuff, their concerns about costs of this thing as well as its debt and you still control it. that is why i'm being told by people inside of at&t, this is not, this deal or something like it it is not off the table. they don't want to get rid of directv. they want some control of it because it is still a big distribution mecca. they have, there is over the top aspect of directv, not just the satellite. neil: get it on a device like this. >> they don't want to totally get rid of it, something like this being pitched by apollo, i
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heard it was pitched, the way the chronology works, way it was told to me, it was pitched months ago as elliot got involved in the stock last couple month it's come back. something leak this or this is not off the table. so just stay tuned. neil: media world, it is like "whack-a-mole." just when you think an issue is dead or settled you get a telecom merger there is another one. you go back, it never end. >> do realize wall street gets paid by the deal? neil: that could explain it. >> so you know, our sources are people that often pitch these deals. but you know, this is a real deal. this is something that, way i was told inside of at&t have not totally closed the door on. neil: okay. >> and that it kind of, deals with a lot of different things. it can get rid of some debt. they still control it. they, they kill a lot of birds with one stone here. doesn't mean they're going to do it. i'm just telling you that it is not a foregone conclusion. we should point out no active discussions between the parties
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making this happen. neil: all right. >> how about mr. zuckerberg? what is going on with him? neil: you're the expert. >> i'm just -- neil: as soon as they came up with digital currency, what made it different, it was them. it is not a stand-alone type entity like bitcoin. >> they have a real company. facebook is a real company. smart people, sheryl sandberg, i don't care what anybody says she is brilliant. she brought the company back. i want to know, when i can i buy a slice of pizza with a bitcoin? neil: i don't know. >> if you can't buy a slice of pizza with a bitcoin this is all about. s. neil: whether libra, you want to use that to buy it? >> if i cannot buy a slice of pizza with digital currency there is no use to it. neil: you seem like a a walking. >> if all you can buy with
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bitcoin is important if -- pornography and other stuff -- neil: you remember this thing the we will? >> yes i do. >> you have your cake and eat it too, of course you should eat it, right. >> people just want to look at it to get the extra . i know people get the dessert menu and look at it. neil: really? i heard of those people. they're called disciplined. charlie gasparino, thank you very much. peak at corner of wall and broad, every dow share is up. johnson & johnson shares are falling after a philadelphia jury ruled that the company has to pay $8 billion who used its anti-psychotic drug and had adverse effects. besides that all the other stocks are doing just fine. elizabeth warren, the front-runner, market in pencil. we'll explain after this.
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♪ neil: all right, we've got new by partisan calls for calls to block election interference by social media. that might be easier said than done. hillary vaughn on capitol hill with the latest. reporter: senate intelligence committee releasing a second volume of report on russian meddling, found that russian meddling did not end in november 2016. that was in fact only the
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beginning. the committee releasing volume, a report that says russian meddling, russian operatives ramped up influence on social media after the election in 2016. instagram was the most targeted platform, saw 238% spike in russian-backed activity on its app. youtube saw an 84% surge. twitter and facebook both saw more than 50% spikes in activity. senator mark warner, vice-chair of the senate intelligence committee, warns other countries like china, north korea and iran will use russia's playbook, saying in a statement, there is no doubt that bad actors will try to weaponize the scale and reach of social media platforms to erode public confidence and foster chaos. the russian playbook is out there for other foreign adversaries to expand upon and their techniques will only get more sophisticated. the committee wants social media companies to show the face behind political ads on their
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platform. that is a change facebook already made but congress is considering now making that law. they also want tech companies to be better information sharing so they can work with the government to stop foreign governments from meddling faster on these platforms. they also want campaigns and candidate to do due diligence before hitting like, share or retweet, even if the content favors their candidate or their campaign. they say it is important to consider the source and think twice first. so you're not enabling foreign governments, meddling in the u.s. election. neil? neil: thank you, hillary, very much. meanwhile elizabeth warren is now leading in a "real clear politics" poll and wall street's big fear gaining momentum right now. to former ted cruz campaign pollster chris wilson and democratic strategist jessica tarlov. early, you both remind me of that, continues latest trend for elizabeth warren the good news. maybe the heart situation with senator sanders, jessica, put his schedule under more scrutiny
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and she has benefited. what is going on? >> bernie sanders made announcement he will change his campaign style. i expect we'll see a lot less of him. we wish him all the best, with news his daughter-in-law passed away as well. elizabeth warren has been surging a couple month now and believe, chris, correct me if i'm wrong or feel to agree with me, she has been a kind of cofront-runner last few weeks where you look where the trendlines are going. big issue continues to be support among african-americans which is feigning. if you look south carolina, joe biden is 50% support with black voters. new polling out of north carolina which has him at 63% support. she is at about 6%. so she is has a lot more work to do. she is consolidating support from harris supporters and sanders supporters and number two choice of joe biden supporters which is a big deal. neil: chris, what is a big deal
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how she is raising this big money, coming in small denominations kind of fat cat contributions that defined most of joe biden's contributions that have hit a limit for primary season. you can't tap them again until much later. if that says something about elizabeth warren broad-based populist appeal within the party? >> it does. jessica is exactly right where she laid out the movement in the race. i do think one challenge warren has by pretty much unilaterally disarming when it comes to big dollar donors she will be massively outspent. you look at past successful democrat campaigns, i give full credit to the obama campaign. not only not give up on big dollar donors, they were the first campaign, barack obama was, to eschew contribution limits and matching contributions. he was one who took it to the next level in terms of raising big money. warren not doing that, slowly
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relying on small dollar donors, if she were the democratic nominee, she would be massively outspent. that put other democrats she might pull out from that, puts down ballot democrats in difficult situation because the presidential candidate of either party is the top fund-raiser, not just for themselves but for their party and leading candidates and senate and governor and house across the country. neil: jessica, let me ask you about this hillary clinton talk, her latest tweet, aimed at the president. >> don't tempt me, neil. neil: don't tempt me. she i wonder is assessing landscape, all right, bernie sanders for health reasons, for others might not get to the finish line. his campaign might be sort of stumbling here. there are a lot of missteps elizabeth warren made on the stump that might have her thinking. there might be up the middle there. what do you think of that? >> i would be completely stunned if hillary clinton to the into the race.
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donald trump is president. i have been stunned before. i think at this moment in time she feels emboldened by what is going on with the the impeachment inquiry. the release of her new book she wrote with her daughter there chelsea about gutsy women. there is lot of conversations, frankly positive interviews with her about her career, campaign she ran, russian election interference and what is going on with the inquiry. i don't expect her to get in there. when she looks at the field, similarly as joe biden was thinking in 2016, she is thinking i could be doing better than all of these folks. but that doesn't mean she is going to be coming out there -- neil: she might be sizing it up to think, all right, none of these guys could hit the convention with all the delegates necessary. she might be doing the math. she has ample resource of funding appeal the party might beckon back to. people are giving her a second look. chris, do you think that is a real possibility she joins the race? >> i would fully encourage her
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to do it. i hope she takes advice from republican pollsters. i hope she does get into the race, i think yes, she absolutely should. i have to agree with jessica i don't think it is likely she works i have been shocked before. who knows she sees biden, doesn't see him as strong candidate. she knows warren would be disaster as democratic nominee. from that standpoint she sees an opening for herself. you see fading of the other self-described moderate candidates who completely fallen off the page. >> right. >> it does put biden in a strong position going into the south but right now you have got to look the way that the primaries play themselves out, iowa, new hampshire, elizabeth warren runs up the score in both of those with sanders stayed, and going into super tuesday contest with two-man race, a two-person race. >> quickly to add to that. chris is exactly correct about not rat candidates. a lot of people thought amy klobuchar would do a lot better.
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she has popular platform and is not resonating. we have one moderate candidate saying where hillary clinton was. saying guys, this wins us election. 2018 moderates were sent to d.c. neil: thank you, guys. >> thank you, neil. neil: student debt is piling up. how one investment giant plans to cut the costs down. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors
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♪. neil: education costs are soaring. guess good news lately they're not soaring as much. kristina partsinevelos has details on all of the above. kristina. reporter: i want to focus on the positive right now. we know debt ballooned to $1.6 trillion in nationwide in 2019. it's a hot topic for a lot of democratic candidates and young voters. there is a new study from the institute of college access and
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success. it is stating right now the average rate of college debt is slowing down. was 2% last year. much lower than the 4% we saw after the recession. however the ofrage, if you're a student and went to say a public institution, got a bachelor's degree, on average you're faced with $29,200 worth of debt. how does fidelity come into all of this? they announced they will be cutting fees on 15 of their college savings plans. these college savings plans help with tax benefits, safe on tuition up to k-12. this really could be about a price war that is going on between all the broker firms. you have schwab, for example, that was a catalyst of this. they said they were knocking down fees on commissions for any type of trades that you do for stocks and etfs. you had td ameritrade. i got excited, got an email, no longer have to pay 4.95. fidelity, large broker firm was the only one that didn't get
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into the mix. yesterday they announced that they would be reducing fees on college savings plans but to loop it all back to your degree, the big question is it worth it? there is recent study came out from pay scale. they surveyed 240,000 americans, and 2/3 have regrets about their college degree. neil? neil: do we know what the majors were? >> that's a very good question. is it arts, sciences. i don't think so. neil: i know some lawyers after the fact who didn't go into law. had the law degree, what the heck. >> did they regret it though? neil: they seemed to. i guess it is a good thing to have to say you're a lawyer. >> i know. i know. neil: basket weaving, philosophy, that is a jump ball. kristina, thank you very, very much. meantime we have another debt tied to vaping. it keeps growing and growing. white house signaling we crack down or by executive order i
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will crack down after this. ♪
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♪. neil: arizona withdrawing support for proposed nationwide settlement with purdue pharma amid calls to fix the opioid crisis. dr. nicole saphier joining us right now. she has a "fox nation" special coming up on opioids months in the making. the doctor joins us now. good to have you. >> thanks for having me. neil: i caught you earlier on "fox & friends" about what prompted the special, the concern how we as a nation have become so addicted to this. a lot of it centers around the role of pharmaceutical companies. exclusively but what happened? >> the documentary out tomorrow
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exclusively on "fox nation," called, "america's opioid conspiracy." it focuses on the history of the sackler family, how it grew to have huge steak about opioid crisis. by no form we say the sackler family caused opioid crisis on their own. neil: just a player. >> it started with pharmaceutical companies, distributors, and people abusing the medication. for the documentary i wanted to know the nefarious doings behind the scenes there were victims including patients but some people were doing pretty evil, evil tasks. that is what i wanted to focus on. we actually interviewed a couple whistleblowers from the pharmaceutical industry. i'll tell you it is very upsetting when you actually hear some of their calculated strategies to people medication.
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neil: we have a clip from the show doctor, right? we can show this? no, clip i'm sorry. >> it will be great. everyone should watch it anyway. it will take to you the point -- neil: the whistleblower said what, doctor? they were saying early on the push was, we got to get them hooked on this stuff? >> here is very interesting. they had very faulty data they realized was faulty data. essentially a five sentence letter we don't think opioids will ever be addicted. that is what their data was. they targeted physicians who had zero addiction medicine and pain management backgrounds. they specifically targeted them saying no, no, you don't need specialists. you a primary care physician who have not been educated in this, this is the perfect medication for your patients. they were trained to get it out to the people who weren't going to ask questions about it. and that is what i found very upsetting because i myself went to medical school. no, we didn't learned a diction medicine. we didn't learn a lot of pain management. neil: you deal with cancer
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patients? >> yes. neil: many of them need painkillers. so how do you deal with that? >> opioids definitely have a place in medicine. i am a strong supporter and believer in the ability of opioids to treat certain conditions. chronic cancer pain is absolutely one of them. short-term, postsurgical pain one of them. however the problem they became overprescribed because the pharmaceutical companies were saying, they can be taken chronically for long term without any data saying that it was safe. that is why we're in the problem we're in because people were getting prescriptions for, if they have their wisdom teeth removed, dentist would write 30, 50 bills. neil: i can remember. early days, for whatever, you might get eight percocet to deal with postoperative pain. it was 30, then three renewals and 90. it grew out of control. >> literature shows us acute pain, three days all you need. neil: can you get hooked in three days? >> again, it is very, very rare
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for you to get hooked. you shouldn't be able to get hooked in three days. neil: but people do. >> you should have adequate pain control. the problem is, you're not, you don't have a lot of time to see your doctors anymore. doctors are overinundated seeing patients and paperwork. it is easier to write a larger prescription than have patients calling constantly. we have new laws and restrictions coming forth that are limiting what patients can get but unfortunate thely you have actual patients suffering from some of the restrictions. so it's a very fine balance. neil: how do you deal with those who absolutely need it for pain and suffering and now can't get it? >> excellent question and very difficult. unfortunately we need to do something dramatic and drastic when it comes to the opioid crisis. so i am for some of these restrictions but it is imperative that we do keep an open mind there are certain patients that require opioid. as physicians we cannot be afraid to prescribe them. we have pain specialists.
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we have addiction medicine doctors. highly trained doctors can prescribe these. those should be prescribing these not every physician that can write a prescription. neil: but they do. i look forward to the special. months in the making. the doctor goes through item by item happened. there is a lot of blame. but how a few bills turned into potentially hundreds over the course of months for folks. catch it on "fox nation." if you're not getting "fox nation," can you say demand it? what am i talking about? the dow is up 175 points right now. we'll update you on that. it is all about china. all stocks are up except for johnson & johnson. that is separate story we'll get into the next hour. stay with us.
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neil: all right.
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welcome, everyone. growing trade optimism, that's sort of the graphic flying around right now. the fact of the matter is it's built if china is open to a partial deal. i don't think that was ever in doubt, the chinese would love to sign off on anything to get this out of the way. it would matter a lot if we were open the a partial deal and that does seem to be the case right now, that the administration is seriously considering sort of a pared-down approach to this to get together on something on which we can all agree, chinese buying more soybeans, that sort of stuff, we committing ourselves later on to make sure the chinese follow up with some stringent measures in their overall structure, financial structure that they say would take a long time because they would have to change their whole government to do that. anyway, it is what it is. markets are pouncing on the half-full glass on this and maybe we come closer to a partial deal. edward lawrence has been following these ins and outs. tomorrow is the big day when they all meet. what are you hearing, buddy? reporter: we have some new information for you, just in. we learned the entire chinese delegation is now here in
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washington, d.c. this is the largest delegation china has ever brought for face-to-face meetings. talking about somewhere around 100 people. it's not just the department heads. we are talking about entire offices have come over with the chinese for these talks. specifically, the entire office for the reform commission and ministry of information and industrial technology. now, these are two departments that will govern the property rights, the intellectual property rights as well as enforcement of the intellectual property rights so that is something the chinese are set to say they don't need to change their laws in order to enforce intellectual property rights here. also, the departments, both of those departments oversee the joint ventures between the state-owned government entities as well as wholly foreign-owned entities. that's something the u.s. would like to see is less of those forced partnerships where some of that technology gets transferred here. this very large delegation clearly could work out that partial deal. the chinese would like to have a deal on the things that both
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sides agree upon and set forth a time frame to get to the more sticky issues. again, a huge delegation by the chinese trying to show that they are serious with these trade talks coming up tomorrow and friday. back to you. neil: is it your sense that no one wants these talks to break up or at least the framework of the commitment either to delay the imposition of tariffs that are to take effect on the 15th, or something? in other words, you can't leave empty-handed? reporter: right. from the chinese perspective that's what they're trying to do. they can't stand the tariffs. they want the tariffs rolled back at any cost from the united states standpoint, you know, our economy, they are looking at some factors there that might not necessarily be as good going forward, even though the fundamentals of our economy are still very very strong. so -- plus the trade deal would swing the president, propel the president going into an election next year. both sides have something to gain if there is a trade deal that can be worked out here. on a partial deal, you have both sides, the president clearly
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saying he would like to see a full deal. however, leaving a little bit of that door open to see if the chinese put something good enough on the table to come to a partial deal. we will see what happens tomorrow. it will be a very big day for the tone as things go forward. neil: thank you very, very much. edward lawrence in washington. let's bring in our panel. new york city councilman, minority whip and good friend of the president, joe borelli. daniel mcloughlin, jaumes freeman. james, let me ask about that. it was a big deal to hear the chinese are open to a partial trade deal. i think they would have been open to anything incremental so the market pounced on that. prematurely or what? >> yeah, maybe. thank you for the promotion, by the way. they want to buy soybeans, they need to buy pork. i think if that was where the deal was, it could have been struck a long time ago. so i don't think it's news they are open to that. i think edward's comment about
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the big delegation is positive because you obviously don't need that group to agree to buy more soybeans and more pork. i think if i'm going to throw a little bit of a wet blanket on it, it would be in terms of people hoping for a quick deal as the president's move to sanction companies and i think he's got a good argument that they have helped the chinese really repress the uighur minority in that country. that doesn't seem like a move basically broadening this to include human rights issues that would lend to a quick settlement. neil: you know, part of that shows how these can have add-ons at the last second, so that issue is also on the part of the chinese then strong-arming the nba and strong-arming this kid, gamer, who spoke out against the chinese and it's been, you know, caused all sorts of hell in the gaming community, blizzard games. what i guess i'm saying is, it's clear to me that there are a lot of added developments that could
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get in the way of a deal that either the markets are ignoring or don't think will be tied into anything. what do you think? >> i couldn't agree more with you, neil. certainly the human rights issue and what is going on with hong kong is clearly a big problem for the chinese government in a way tiananmen square, for example, was two decades ago. i think the sides want to make a deal, certainly politically for the president getting something done even if it's not everything that he wants is hugely important going into 2020. neil: that would be a reversal for him. >> it would be. and he's going to have to deal with that to some extent. but the way he talks about the deal may also be slightly different. if there's a deal i think he will call anything a win. he needs to get this off his plate. we just saw the japanese trade deal signed. great news for him. this is his number one issue with voters and i think he knows it better than anybody else. neil: you know, the impeachment stuff comes up that might be pushing him to do something, might be pushing the chinese to make him do something.
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where do you stand on that whole thing? >> you know, i think the chinese would have been foolish to try to see this as a very weak moment because there's always been sort of bipartisan broad support for having real and in this case enforceable sanctions against intellectual property. i think it's interesting, you kind of alluded to this, this deal is seemingly coming together or potentially coming together now with the backdrop of the nba, with human rights abuses in hong kong, with the president's own impeachment battle at home. it seems as though it would have been easier to do this months earlier. neil: the irony is if we get a deal like that, everyone's going to say that. we could have done this a year ago. >> yeah. i suppose you can. but the tariffs weren't in place, the pressures weren't there on the chinese and now they are. neil: i want to bring in jack mcintyre, brandywine global portfolio manager. from an investment perspective, the biggest thing i've noticed is the chinese are preemptively offering some goodies by buying more soybeans. there's no way to really prove that. sort of like one of my diet pledges.
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yeah, sounds good, neil, but i don't know, you still look fat. what i'm wondering is where this is actually going because the purchases that they have committed to aren't close to where we were before all this started. >> so i agree. i think this is probably symbolic. the reason i say that is because their response could have been much more negative, the fact that the u.s. threatened to blacklist them, some big chinese tech firms, and they didn't. they actually responded. i actually view this as sort of both parties kind of moved the ball forward. this is not the 50 yard bomb pass. this is just, a three-yard kind of run. i think this is positive. both parties, trump wants to get re-elected, he needs a strong economy to do that so he's got to remove some uncertainty in the corporate sector over cap x related to trade. china has their own issues as well in terms of slowing down and xi needs stability, needs
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the stronger economy. this creates a lot of uncertainty. a net positive. but i wouldn't sort of break out the champagne just yet. neil: you are talking about the chinese president xi jinping. from a marketing perspective, then, the market just wants a deal. it doesn't even have to be a great deal. it just wants a deal. the consensus seems to be any deal means no deal. it's said so much i begin to question it. what about you? >> so i think they've got to think about this in different stages. this is not going to be a comprehensive deal. you've got national security issues which are big picture long-term problems. you've got the u.s. trying to influence china sovereignty. that's going to be an issue. let's just focus on trade. that to me, it's a skinny trade version or deal, however you want to describe it. i think it's a net positive. you know, again, more so i think away from the u.s. i just spent the last two weeks traveling eight cities in asia, so i think they are going to benefit more from a u.s./china trade deal than the u.s. and
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china directly. neil: james freeman, when you look at the dynamics of this, we talk about the overall environment with impeachment, everything else, and that that might be forcing the president to maybe blink even a little bit, but however you can get a deal, wall street consensus is just get a deal. so what if the two sides leave from these talks without a delay in the tariffs, without, you know, any significant purchase on the part of the chinese of our goods, then what? >> well, then we're looking at a big tax increase essentially next year in terms of the tariffs threatened and announced and some kicking in next week, some kicking in in december. this is going to be painful. so if he's digging in for a long fight with china, and it's hard to tell, we have been talking about all the arguments pro and con, he really has to do what danielle suggested and strike more of those japan-style trade agreements, because that corporate investment is lagging.
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i think if you get trade peace, it starts to take off. if you can get peace everywhere, it's definitely better than what we have now. >> to put a number on this, this is half a billion dollars worth of tax essentially. all of the tariffs that have been announced actually go forward, almost every good imported from china in this country will have a tariff on it. as we all know, the american consumer pays that tax. that's a horrible political message that is something easily weaponized by a democratic candidate. neil: we have to see it, right? a lot of those companies have been absorbing it. that's been the clarion call of the presidentment they are debasing their krecurrency. there's billions of dollars coming from american distributors, companies and retailers who have been loathe to pass at least all of it along. there is only so long they can do that. >> exactly. we are seeing what's happening with farming, the farms are incredibly important to the president, they remain fairly loyal if you look at polling,
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but will there be a tipping point. it's not clear at what point the support politically for a president, any president, can withstand, you know, economic ruin. neil: it is amazing, if you think about it, the base of the democratic party, the manufacturing base, the union guys, they support and agree with the president on the threat to jobs from the chinese and whathave you, the strong-arming they use again and again, we saw tonight t it in the case of the nba and of gamers, anything supportive of protesters, that it ticks them off. they are in the president's corner on this. i'm wondering, are they going to be, you know, providing extra scrutiny to a deal, whatever comes, more so than would normally be the case? >> i think kind of just the opposite. i thought you were going to go into the soybean stuff, some of the bean farmers. i pulled a poll from "farm journal" that polls 1,000 farmers every month. they are seeing their highest level of support for president trump right now, and the farmers that have been polled have been
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responding that it's basically a factor of impeachment. one farmer quoted everyone is circling the wagons and the farm community is no different. i think the driving factors in this election, now that impeachment is sort of on the table, is going to be that and some of these other factors even though there's going to be economic consequences and real consequences from people in their wallet, may not have the effect it would have had but not for impeachment. neil: you are nodding. >> i also think there is a warning for china in our political fights right now, and that is that every democratic, every leading democratic candidates taking a hard line on china. they are not saying the tariffs go away when i get inaugurated in 2020. z the question of where would each of them cut the deal but the message across the political spectrum right now is china's a problem, tariffs are an appropriate way to deal with it, and some of the candidates, liz warren, et cetera, they want the broaden it to punish china for environmental issues, too.
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if xi jinping is betting that he just needs to get past trump, i think he wants to study american politics more closely. >> there is no push-back on the new announcement we are going after chinese tech companies for human rights abuses. there has been no pushback from any of the democratic 2020 candidates thus far. >> that will loom larger for a democratic candidate than it may for -- neil: a lot depends on if they follow through with that, too. saying you might do it versus doing it is another thing. we will take a quick break. meantime, the white house is stonewalling democrats, it says for very good reason. you can't force this issue without a vote on beginning the impeachment process. they might be careful demanding that, though. because a growing number of americans are in favor of that process. at least kicking it off, including one out of three republicans. after this. what would it look like if we listened more? could the right voice, the right set of words,
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he better put the country first and usmca is very, very good for the country. kind of hard to know where the american people stand but i know they want the u.s. mexico agreement. neil: polls actually indicating americans want both. they assume that the parties can, you know, go ahead and walk, talk and chew gum at the same time. what the iowa republican senator chuck grassley was saying, a little less focus on impeachment, trying to stick it to the president, and signing off on u.s. mexico canada trade deal, that would benefit everybody. but it's not so neat and simple. senior capitol hill producer on where all this stands, talking about chad pergram. chad, where do we stand? reporter: we could have an accelerated timetable for impeachment, simply because republicans and the white house
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are not cooperating with congressional investigators. the house of representatives returns to session next tuesday, and that's when house speaker nancy pelosi is expected to meet with her caucus and her leader shp team and take the temperature, see where they are. in some respects, she already knows the temperature. she would not be going down this impeachment road if she didn't think she had the votes to impeach the president. nancy pelosi does not lose votes on the house floor. but because they are not complying, that could go into the construction of an article of impeachment dealing with obstruction of congress, and we could see potentially, i have been talking to some democrats and sources on capitol hill, maybe even have these articles ready by the end of this month or early november. that's much quicker than we thought since the white house has thrown up this roadblock saying they are not going to comply at all. what does that mean for the usmca and also they have to keep the government open by the 21st of november? there's an old saying here on capitol hill that they don't do a lot in congress, but they do it all at once. you could have impeachment, trying to keep the government open, and the usmca all coming
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together almost at the same time in november. neil: incredible. who would get the blame for that? reporter: well, as one member told me, things around here just kind of happen when they happen. this would be the amazing dichotomy that they could be working with the administration on the usmca, those talks during this recess have been going on behind closed doors, and they are going very well from what we're told, and on one hand giving the president one of his biggest legislative achievements, something a lot of democrats want frankly as they get some of the provisions they want on pharmaceuticals and environmental standards, and then you know, they turn around and impeach. that's remarkable. but that's kind of how things happen here on capitol hill. politics does make very strange bedfellows. neil: it does indeed. thank you very much, chad. joe borelli, the pointing fingers at the other side, it worked for the president in the whole mueller probe. i'm not so sure it would work on this, because a lot of this, whether it's impeachable
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offense, this is his own making. the phone call, everything else, what appears to be strong-arming, he has different descriptions of the same thing, i grant you, but this is something he did. this wasn't an added thing the democrats went after. he kind of gave them the sword, right? >> i actually think the retribution and the pendulum swing back the other way is going to come very hard and fast. i think -- neil: other way meaning what? >> pushback on the democrats. you mentioned pointing fingers. i think the pointing fingers is what's going to save the president in this respect. i'm not surprised some of the poll numbers right now because we have only seen one side of the story, one side of the narrative. really, through leaks of transcripts and leaks of text from adam schiff and whistleblowers behind closed doors. when the i.g. report comes out, when the durham investigation concludes with some sort of conclusion, this is going to swing the pendulum back very hard the other way. we have people like rudy giuliani potentially speaking now in front of senate committees. now republicans may use that type of scenario to introduce their own narrative and start building their case against why this was completely appropriate.
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neil: so james, let's make the assumption, might be risky on my part, i don't think the impeachment goes anywhere outside of the house. he could very likely be impeached in the house along political lines, but it goes nowhere in the senate. but it really doesn't move the political needle one way or the other. each side is firmly convinced the other is going too far. what do you think? >> yeah. i think that's about right. neil: i literally just made that up. >> really? neil: yeah. no, no, no. you know what i mean? in the end, is that what we come back to? we are exactly where we were? >> yeah. because if this was such a great case, why do they have to trash the usual process of impeachment? why the secret hearings, why the selective and often dishonest disclosures from adam schiff? if it was open and shut, you could just lay out the facts. you wouldn't need to characterize them, then have people realize later on maybe that was a little off-target. i think that's the safe assumption, this is more political warfare but in the meantime, as chad was
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suggesting, if democrats want to show they can do things other than impeachment and vote through usmca, i think that is a positive. it's kind of plus or minus on the economic merits versus current nafta but it takes that cloud away, it takes the uncertainty away that's good for investment. neil: danielle, why doesn't nancy pelosi, just for the heck of it if she has the votes and she keeps saying she would have the votes, including the moderate so-called vulnerable democrats in districts that trump won, go ahead and put it to a vote to get the process rolling? in other words, call the administration's bluff. >> well, it's not clear to me based on the obstruction that we are seeing with the mueller report and other things in terms of an unwillingness to cooperate with investigators would have witnesses be subpoenaed -- neil: but remove the one chip the president has been using and very effectively, this is a cabal against me, have the vote to proceed and see what happens? >> i think they need more time because they have had such trouble with subpoena responses because they have such trouble
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with -- neil: it looks like a rigged game. that's what the president is saying. all right, we'll do it your way. we are still going to ask the same information and you are still going to probably reject our subpoena requests, right? >> right. so these things are now going not dissimilarly from the offshoots from the mueller report. a lot of these issues are going to the judiciary. the judiciary has the additional power to make people do the things congress isn't able to make them do right now. the obstruction i can see bubbling up into one of the articles if that is indeed where we go. but the obstruction itself is problematic, i think, generally for the institutions in the long term. neil: guys, thank you. quick break here. the president has been arguing we have gotten into this with these guests in the past but we are getting into it again, if you go ahead and impeach me, the president says, you might as well impeach the bull market and the strong economy, all that goes. that was a subtle reminder bill clinton used to use. in fact, it was what helped him here. the economy was good, the
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markets were good and it saved him. could it happen here again? after this. announcer: fidelity is redefining value with zero account fees for brokerage accounts. and zero minimums to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero
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neil: all right. caught in the crosshairs of trade, farmers are eyeing a new way to make money. they can be very innovative. doesn't jeff flock know it, with a look at what they're coming up with. hey, jeff. reporter: talk about crosshairs, neil. i got a target in the crosshairs here. i am holding what they call a corn cannon. let's fire it off. boom! oh, just missed. just missed the target there. a corn cannon. you know, you can make more money these days by shooting corn out of the barrel of a canon than you can selling it on the commodity market. it's another one here. let me take a shot at this one. as you know, exports, agricultural exports, at least i hit the silo, have been way down partly as a result of the china/u.s. trade issues. so farmers like this farmer
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here, is quite a multi-tasker. this is erin howell connor, six generations, got a goat in your arms. the reason we have the goat is not only do they do the corn cannons but you do something called agratainment. what is it? >> agriculture and entertainment combined. we take agriculture and we bring you guys out so you can experience it and have some fun. reporter: and make money, more money than you would just raising corn and soybeans. bean prices have been down big-time too, mainly because of china being a huge, you know, consumer of soybeans, and because they're not buying them right now. >> winner! reporter: that's a good one. because they're not buying them now, price is way down, so it makes it tough. if you were just raising soybeans and corn on this farm instead of doing fun stuff like this, would you still be in business?
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>> no. i would have a town job. i couldn't stay here on the farm. i would have to have more than one way of living. reporter: got you. take one more shot here. oh, i just heard from june. overshot that a little bit. you do something with the goats called goat yoga? you teach goats to do yoga? no? >> no, goats naturally like to climb. we take you and your yoga mat and put you in a pen full of baby goats and they just jump on you, love on you and cuddle with you. reporter: people pay you to do this? >> yeah. it's another way to get -- keep up with the farm around here. reporter: the ingenuity of the american farmer knows no bounds. neil: we so have to win a trade deal. thank you, my friend. i don't know how to top that. after this. what do you look for when you trade? i want free access to research.
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neil: all right. libra is in limbo. facebook ceo mark zuckerberg set to testify on the company's cryptocurrency plans. gerri willis with more on that from the new york stock exchange. gerri: that's right, mark zuckerberg will testify before the house financial services committee in two weeks. he will respond to lawmaker questions about facebook's libra cryptocurrency. the news comes as companies are
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expressing concerns over the regulatory standards of the project. and fitbit shares have been moving a lot today. they are currently down -- do we have fitbit shares? let's see. there we go. down just marginally here. they are announcing it's moving production of trackers and smart watches out of china starting in 2020. as a result, the products will no longer be subject to tariffs. meanwhile, apple taking heat from the people's daily, the chinese communist party's official newspaper, which is lashing out at the tech company for an app in the apple store. the app tracks movement of police around hong kong and is used by protesters. activision blizzard, that company facing backlash today. it's down marginally as gamers take to social media to protest a decision to suspend an e-sports player who backed hong
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kong protesters. the company says the player who goes by the name blitz chung violated rules that could damage the company's image. shares are down. neil, back to you. neil: thank you very, very much, gerri. in the meantime, sports pressure being felt in the world of gaming and the world of basketball. the nba commissioner launching what can no better be described as a full court press over china. this comes as china may cancel all preseason games that are scheduled there. to "usa today" sports reporter on how this plays out. it's fair to say, i guess, the nba blinked and then the gaming concern, blizzard, behind this kid who dared speak out in support, a gamer speaking out in support of protesters, is all the reminder we need, i guess, that china still can intimidate, huh? >> they do. this is how they do business. we have seen that. it was a perfect segue into this.
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your point is correct, the nba did blink. i thought the additional statement was maybe a little inartful and sloppy, but what happened is adam silver came out forceful, he's the commissioner of the nba, backing his employees and the right to free speech, and he also acknowledged that this could come with a financial loss to the nba, and he's willing to accept that consequence. neil: he wasn't in the beginning. so the question i have to ask is the chinese, by scrapping these pregames, why don't we go back at them and say all right, the hell with it, why don't you go to the european league, see how that works. >> that's a fine point. the nba has at least a 30-year if not longer relationship with china. they have made inroads there long before other american businesses really did. they value some of those relationships. they're not just willing to throw them out the window. they think they can smooth this over with adam silver now on the ground in china. he's scheduled to speak with
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reporters early tomorrow morning, eastern time, and from what i'm hearing from people in china, is that while there still is tension, it is starting to relax a little bit and the idea that while these games are not going to be broadcast or aired on state-run tv, they are leaning toward the games actually being played and not canceling them outright. neil: hang in there. i have joe, danielle and james here. we will all participate in this. you know, we always kowtow to the chinese. this has been the bane of the existence for a lot of u.s. corporations who have to do anything and everything to maintain access to those one and a half billion customers. you know 300 or 400 million chinese kids who play basketball. i get that. but when push comes to shove, we are always the ones who fold. and china i think gets that. >> well, i'm not sure this is really good for them in terms of -- neil: no, not at all. >> they conduct this negotiation, for --
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neil: they look like every business villain. >> exactly. exactly. for the nba, this is not just any other country. u.s. television ratings have been very weak. the whole growth story of the nba is in china. we mentioned their long efforts there and that's really i think a lot of the valuation of these franchises, not -- i mean the u.s. is important, but china is their big growth story. so that's why china has the muscle to make the nba shut up. but no credit to some of these nba coaches who seem to have a lot to say except on this issue. neil: yeah. the argument, it always seemed like a weak one to me, everyone has the freedom to say anything. i don't know, but i know if you were a basketball team owner, what do you think of all this? >> look, i think a lot of people were let down with the initial nba statement. i think it did look like we were caving in, quite literally, to a
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fascist action by the government of china to sort of repress this type of speech. a type of speech that we in a liberal western democracy consider quite normal. i think it's upsetting. i'm an optimist. we have seen sports play out in positive things with respect to politics over time, jesse owens, billie jean king -- neil: doesn't it bug you this is so obvious, it's still the same people doing the same game? >> you pointed out earlier, they have gotten pretty good at it. they know they have this large pool of customers everybody wants to break into and they are leveraging it. the nba didn't start off on the right foot. the commissioner's actions today are better. there's a financial consequence, i'm glad to see them willing to take it on. neil: but they're not. one of the things i see in "art of the deal" which is donald trump's book, you've got to be able to walk away from something. why doesn't the nba, why doesn't blizzard, the gamer, realize we stand by this gamer, he was an inspiration to millions of kids who saw him win all this money,
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and we're not going to apologize but we never do that. >> i hate to say it but i think the fundamental here is it's markets, markets, markets. this is hundreds of millions of people. i'm not saying that it's right but i think that's the calculus that's being made. this reaches back to what we talked about, which is trade negotiations with china. clearly, there are issues with hong kong. with ethnic muslims. there are huge amounts of problems with china but we want that market. just like this country and its leadership is willing to look away, i think we see this with the nba as well. neil: you might be right. jeff, how does the nba balance the whole basketball thing out? obviously, some of the american customers are incensed, but they see this lucrative growing market and don't want to tick those people off. they are riding a tightrope, right? >> they are. adam silver is trying to thread the needle. there's a couple things to remember here, when a company is trying to be global, they are going to encounter not just
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china but other nations that don't align with them either politically, socially, you know, they are trying to make inroads into india, africa, and we know about atrocities that have happened there and elsewhere, so i believe this is going to happen again with the nba. just the one thing is china is such a huge market, today for the nba, and just my last quick point, while adam silver is the commissioner, let's also remember he answers to 30 nba owners who are also interested in making money and until we hear from some of those owners as well, you know, we need to give adam silver at least a little bit of credit for his stance until, you know, we see a different outcome. neil: or something changes. >> just to add, my colleague holman jenkins points out we are talking about hundreds of millions of customers in china. a lot of them want the freedom the people in hong kong have and the beijing regime is trying to take away. so it's not just 100% win, if you are the nba and you are knuckling under to the regime
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there. some people live there don't like the regime. neil: we will watch how it sorts out. hopefully well. in the meantime, jerome powell is very confident the expansion continues but he says it will be thanks to the federal reserve. not necessarily the united states president. after this. and they lived happily ever after. the end.
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announcer: fidelity is redefining value with zero account fees for brokerage accounts. and zero minimums to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero neil: all right. we're about 15 minutes away from the release of the fed minutes. now, if this were to happen in my hour, i would be hard pressed to really get into them. fortunately, fortunately, my buddy charles payne lives and breathes this stuff. he actually reads them fully and the inferences, the nuances, so what are you looking for when these minutes come out? it's from the meeting where they decided to go ahead and cut rates another quarter. what are you looking for? >> well, you had two fed officials who didn't see the need to cut rates at all. you had one fed official who wanted to cut them 50 basis points. you know what, since then, they
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have all spoken so we will take what they said, take some of the recent speeches and also take a look at jay powell himself. you know, i'm going to equate what i'm seeing between president trump and jay powell to moby dick so we know captain ahab was obsessed with the great white whale but the great white whale was also obsessed with captain ahab. i wonder if it's influencing the fed and not in the best way with decision making. yesterday we were down 330 points, then we were down 50. it looked like the market would make a remarkable reversal. then powell took a shot at president trump by talking about paul voelker. he's done this several times. i understand he's human, he wants to hit back, i just hope it doesn't influence policy. neil: well, you stole my moby dick line. charles: or captain ahab or mutiny on the bounty. neil: let me get your take on this relationship. it's a tense one. i do notice sometimes powell is
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a little less overt than the president but he zings him nevertheless to say the federal reserve is going to be on top of this, the federal reserve has orchestrated this 11-year economic rebound. clearly saying it's not all been under this president's watch or all this president's doing. do you expect to hear more of that kind of stuff? charles: absolutely. we heard it yesterday when he talked about paul voelker being so unpopular, he was booed at a basketball game. then the day before that, the father of the modern day fed, he made the fed independent and of course, he takes credit for the federal reserve pulling us out of the great recession. he essentially saying neither president played a major role. more recently he's been saying how important it is for the fed to keep this job market miracle going, too. he's trying to take all the credit. mario draghi, his counterpart in europe, did the same thing. they believe they are the straw that stirs the drink. if that's how you believe, fine, because you also committed to keeping this economy going and that's something people are worried about.
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neil: all right. i can't wait until the minutes are released. i understand you are quoting other sources. hickory dickory dock. all the classics. he's scary smart. really smart. he really gets into this. there are things that are worth commenting on in that report, he will fiend them. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. shipsticks.com saves you time and money. ♪ ♪
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sleep number 360 smart bed. you can adjust your comfort on both sides your sleep number setting. can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep us asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. so you can really promise better sleep. not promise, prove. and now, the queen sleep number 360 c4 smart bed is only $1,399, save $300. plus 0% interest for 24 months on all smart beds. only for a limited time. neil: all right. welcome back, everyone. senator bernie sanders scaling back campaign appearances after his heart attack here. it will also affect exactly how the campaign progresses moving forward. back with us, our panel on how that is going to affect things. danielle, obviously people are going to be looking at him more closely than they ever have and that's natural. a guy his age, what he's been through. how do you think it all goes?
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>> i sort of hate to say this, and i don't mean to be harsh, but i think that this could be the end for bernie sanders. i think over time with a crowded field, with a pretty serious health event at his age, with a lot of other, you know, obviously candidates for people to vote for, i think it's a problem, if not a fatal problem as it relates to his political aspirations. neil: we have had presidents who have had heart ailments. lyndon johnson, dwight eisenhower. we didn't know how serious they were even when they were president, potentially even if anything like that crept up during a campaign which historically, has not happened in recent memory, but it's out there. so obviously johnson was able to do his job, even though some of his more serious heart attacks came after he was president. but it is an issue. it's going to be a focus. >> i think these issues become things for polling. i don't know if they actually change a lot of votes. hillary clinton fainted on
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september 11th just less than two months before the election. i don't think you could find one person who did not vote for hillary clinton because of that. neil: does it get more scrutiny? >> it certainly does. neil: oh, yeah, that's right, he's the old guy? >> beyond the sort of differences in fainting and a heart attack, he is saying i'm essentially downshifting my campaign, i'm changing my schedule. i don't think that's an option if you're the president. so i think he's basically telegraphing i'm staying in in order to vent my views, try to influence the debate. i think the message here is he's no longer fighting for the nomination to the extent he was. neil: by the way, wasn't elizabeth warren, she was deemed i'm a younger version of him, just as passionate, just a younger version, although she's 70, he's, what, 76? 77? so what's the difference? >> well, in terms of their
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policies, not an enormous amount. you have seen them play extremely nice with each other in this particular sandpit. i don't think that she's going to go out there and say i'm a young bernie sanders, vote for me. but what i hope he does with this, and i don't mean to telegraph the future, i hope he gets behind his fellow democratic candidates in a way that he didn't really with hillary clinton in 2016. neil: he supported her. >> eventually. the fending off of republican attacks that originated with him which is -- neil: well, you mentioned hillary. >> you knew i would. neil: i know. you could argue she's looking at the field and saying geez, i can do this. >> of course she could do this. the question is can she beat donald trump. that's a huge amount of -- neil: could she beat the candidates running in the party right now? >> i think probably, yeah. i any she could. . >> i think she could. i think someone is throwing up
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these trial balloons, whether they are within camp clinton saying there's an opportunity here, whether they are in just the general field saying these aren't the best candidates to beat donald trump. someone is pushing this idea. it's probably being done maybe with her blessing, perhaps. and i wouldn't be -- i mean, strange things have happened. this would not be the strangest thing that ever happened. neil: how is she thought of in the party now? her stature has improved since the whole thing. >> she's beloved. the way that the elections shook out, what was subsequently learned about foreign interference and involvement, she's beloved and i think possibly even more. neil: you don't think it changes the outcome, donald trump won, right? see? >> i would love to see the pushback within the party if she emerges again and they push for her. >> yeah. she's got all of the previous flaws. she has the hunter biden problem, times a hundred. you also, the field has not been cleared for her. i think this would be a very tough go.
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but obviously -- neil: anything can happen. fodder for us all. guys, thank you all very, very much. all right. the dow is about 197 points up right now. boeing feeling the pinch. johnson & johnson feeling the pinch. 28 others are sensitive to a trade deal or the possibility of one, well, they are not feeling the pinch. more after this. . .
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neil: big news item. chinese are open to a limited deal. that is not a fox news alert but enough interest to get the dow going almost up 200 point. here is charles payne. charles: i'm charles payne. this is "making money." , to go are broadly higher. all major indices are higher as latest round of trade talks between the united states and china are really getting some
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momentum. reports that china open to a partial trade deal. we'll have latest. investors are sure to react to the fomc minutes out in a few seconds. i want to go to our own jennifer schoenberger. she is at the fed. jennifer. reporter: fed officials were divided whether to cut interest rates last meeting but agreed that the fed is not on a preset course for monetary policy internal discussions amongst officials at the policy meeting three weeks ago. charles, fed officials decided they're not on a preset course for monetary policy and that they are going to review the data. in fact several members of the committee thought they should offer more clarity to the statement when the change of policy and response to trade uncertainty should be changed. as far as the decision to cut rates, of course there was quite a bit of division. on the whole, most thought it was appropriate to cut-rate by 25 basis points. for those who were in that camp, they wanted to take out further insurance against downside risks to

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