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tv   Cavuto Coast to Coast  FOX Business  October 15, 2019 12:00pm-2:00pm EDT

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>> get a little harmony going. charles: 12 years went by very fast. >> i remember the first day very well. i haven't aged a day. >> you haven't. charles: pass it on to the man with the real silky golden voice, neil cavuto. neil: took obligation away from me. i will not sing happy birthday. happy birthday to all of us. charles, thank you very much. you made it a fun ride. everybody has. very strong start for earnings out there, dow up over 27,000. from the record high reached in july. a lot of optimism on earnings we're seeing. reassessment. brexit deal. you know the drill. depends on the day. for today it has a lot more buyers than sellers. that is probably an understatement. lauren simonetti to break it all down. >> put a party hat today, neil. put a monster rally goodwill here and abroad.
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brexit break through? reports that the european union and british negotiators are closing in on a draft deal with 16 days until the brexit deadline boosting sentiment. a trio of dow stocks out with the report card. united health, nation's largest health insure. neil: raised profit outlook for 2019. we're looking at biggest jump in three-years. unitedhealth is benefiting from medicare advantage memberships. we talk about jpmorgan chase. that is the nation's biggest bank. solid results at both investment banking and consumer division. jpmorgan said customers increased both their deposits and their loan activity in the quarter. finally here, third dow stock, johnson & johnson. said the consumer was also strong, buying more bandaids, neutral tylenol.
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despite wave of litigation with its talcum powder and the opioid epidemic. warms fargo, earning fell. aggressive brook tests at the bank, setting up fake accounts, dinged the reputation, at that they're suffering legal bills from. goldman sachs steep drop in profit. over all corporate profits are expected. we have a lot of good ones today. they're expected to fall in the last quarter that will chart wall street's course what they call earnings recession. so far all is food on the 12then havesry of fox business. neil: you were only 10 at the time. >> i've been here from the beginning. day one. neil: she came in as a girl scout. she didn't really. >> almost. almost. we are all getting old or older. to hear bob schiller tell it, not to old to forget we haven't
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wiped out economic cycles. he was here yesterday warning about this. do you think that that strategy, that got him elected that personality, that never in doubt will win the white house for him again? >> it certainly could. in fact if we don't have a recession, we're on a tipping point now. i give it 50% chance. neil: do you really? >> in 2020, yeah. neil: all right. we haven't repealed economic cycles or possibility of recession. we haven't seen one in better part of a decade now. so obviously the consensus, we haven't really outlawed that but possibility is always there. pacer etf president sean o'hara. timing is everything. most don't see it in the cards before the election but what do you think? >> neil, thanks for having me on. happy birthday to fox business. let me give you two streaks.
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since 1901 every republican president had a recession during their first team. i think that streak ends because of the other streak i will talk about, 29 out of 29 quarters estimates for earnings on the market have been under what the actual has come in at. we've been traditionally under promoting if you will future earnings and be surprised on the upside, 29 straight quarters. if you throw the economic environment, on top of it, consumer still strong, interest rates are low, inflation is low. more americans working today, than maybe anytime in history, i think the first streak which is republican president will make it out of their first term without a recession probably end. neil: if we're looking at dynamics line today's rally and better-than-expected earnings it is still early but the fundamentals look good, that is how it is interpreted today, why the dow is up so strongly today, do you think that continues through the election year? >> i think so.
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i don't see any reason why it won't. you know, i think what the market has going for it right now, everybody is sort of tipping their hands, saying we're expecting slower earnings growth. nobody is expecting a earnings recession, but we are certainly expecting a slowing of earnings. that is due to some of the outside issues primarily china trade. we saw last week what happened when we had a little glimmer of hope something would get done. i think we're nearing a point where we ultimately will get something done. that will tip the scales a little bit on future earnings. i think getting that out of the way will give clarity to people that they can go forward and make plans without having to worry about these tariffs anymore. neil: we will watch very, very closely. sean, good seeing you. sean o'hara. meanwhile hunter biden, remember him? he was front and center this morning. he had lots to say. blake burman on white mouse with the fast-moving reaction from both sides. reporter: this is the first interview with hunter biden
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since he has become the target of president trump the interview was on abc's "good morning america." he insists that he did nothing wrong serving on board after ukrainian gas company during his father's tenure. he acknowledged that he probably wouldn't be on the board if his name wasn't biden that he was qualified because he sat on boards of amtrak and world food programme. he says he doesn't regret joining the board and he is adamant he did nothing improper. >> what i regret is not taking into account that there would be a rudy giuliani and a president of the united states that would be listening to this, this ridiculous conspiracy idea. which has again been completely debunked by everyone. did i make a mistake? well maybe, in the grand scheme of things, yeah. but did i make a mistake based upon some unethical lapse?
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absolutely not. reporter: president trump has also targeted hunter biden in recent weeks for his role with a chinese private equity firm. the president claimed a $1.5 billion investment flowed into that firm days after biden flu with his father, this picture right here, aboard air force one or air force two in 2013. biden said he never talked to his father about that issue aboard air force two. and he says the president's claim quote, has no basis in fact in any way. this was the reaction just a little while ago from president trump essentially saying that he thinks this is the beginning of the end for joe biden's presidential campaign. tweeting hunter biden was really bad on gma now sleepily joe has real problems. reminds me of crooked hillary and her 33,000 deleted emails not recoverable. is the take this morning from president trump. neil: thank you very much. blake burman at the white house. ahead of the debate tonight, do
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democrats pounce on this, or let it slide? if they pounce who initiates the pouncing? former pennsylvania governor and dnc chair, ed rendell. governor, someone will mention this, who is it? >> i think not ratetores or questioners. i don't think it will not come directly from the candidates. i think you can count on the moderator or questioners bringing it up. neil: fulls -- tulsi gabbard comes to mind. she gave kamala harris hell for her prosecutor days. she has nothing to lose. how will the democrats deal with this issue? at the very least one of the moderators bring this up but it is not invisible. what do you think happens? what do you think they do? >> it is up to the vice president to respond regardless where the question comes from. he should respond by number one, pointing out this has been looked at not only by a ton of
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media outlets but ukrainian prosecutor who eventually got fired. he said, even the prosecutor said no legal -- illegal activity. joe should acknowledge it didn't have a good appearance for his son to work for a company and getting paid significant dollars at the same time he was over there making decisions about the ukraine. now there was never anything done illegally or unlawfully or inappropriately but it just din look good. joe should have had the intuition to know that it would not be an appropriate look. and sometimes how things appear is more important than even how things are. neil: i'm wondering, because of that, and you're right, no proven illegalities here but it does raise the appearance issue that will sort of neutralize the argument some democrats had on his phone calls to leaders about this very issue, including the
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ukrainian leader. do you think it does that? that the greater picture here is that the president can say, hey, take a look, what do you think of the way this looks? >> yeah. president is going to try to do that. he is very effective when he deflects. there is no equivalency here. one person, who there is not a shred of evidence that he engaged in any illegal conduct. whether you think it was appropriate or not it wasn't illegal. you have the vice president who didn't lift a finger to help his son at all at anytime on any issue. then you've got trump who broke the law when he solicited the ukrainian government to get involved helping american -- neil: there is dispute whether that too broke the law. but i do want to get your take on where this puts joe biden right now? he has been, polling still fairly well. elizabeth warren has emerged as a pretty stubborn rival.
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but this is going to hurt him longer term. do you think it will? do you think he has to get in front of it starting tonight? >> i think he should concede the fact that it didn't have a great appearance although being adamant about the fact there was nothing wrong, it has been looked at by everybody. he has got to. but remember, the most recent fox poll he was 10 point up over elizabeth warren, 15 points up over bernie sanders. in some ways joe has been helped by the controversy. democrats want to know who is the candidate most likely to beat trump. neil: if this drags, governor, if this drags on him that edge, and you're right, has been born out in a good many polls, that starts to weaken, right? >> right, but remember you're hearing from donald trump himself. trump could have done better for biden if he took owl billboards in every major city said the democratic candidate i fear the most is joe biden. so i think he really answered
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the question that many democrats have, who is the most likely person to beat donald trump? will it lag? of course donald trump will try to make it lag if joe biden becomes the nominee. but i don't think it will be a factor in the democratic primaries. neil: you don't think the others will push it as a fact? >> i think the others are going to be, you saw what happened with julian castro. neil: yeah. >> you know, so i think everyone will be reluctant. they will know that the moderators will bring it up anyway. neil: maybe you're right. we'll see tonight. governor, always good seeing you, thank you. >> thanks, neil. neil: meantime lebron james is getting slammed after finally addressing china. it is the way he addressed it had a lot of people saying you know what? you're a hypocrite. cologuard: colon cancer screening for people 50 and older at average risk.
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neil: all right. take a look at this, michelle obama to the rescue? maybe not, but a very interesting new hampshire survey shows the former first lady as a front-runner right now, right now, in a hypothetical matchup with luminaries that have been typically leading in the race, in that state. the former first lady saying zero chance she will be jumping in, but does this prove the democrats already maybe looking for alternatives? to "wall street journal" "politico" reporter eliza collins. that is pretty stunning. what do you think? >> i think what you said, it is very interesting, but doesn't really mean that much. because michelle is not getting into the race. if you look below her there, we have the same polling kind of shakeup we've been seeing, warren, biden, sanders, followed by the rest of the field. fun to talking about speculate.
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michelle obama is, new hampshire voters no who the field is, they might be fantasizing michelle obama. hirsch shell obama is popular person in the democratic party. but at the end of the day they will vote for someone else. neil: normally when they try polls like this, eliza, because they're dissatisfied with the list out there. i can remember this was being done when bill clinton was running in 1992. would mario cuomo come in or party luminary catch more of the base's imagination. i can go back to 1976 when jimmy carter was running, what about hubert humphrey, scoop jackson, anybody but this unknown former florida governor/peanut farmer? it is not unprecedented, reminder in this crowded field, some democrats are looking beyond the field, right? >> well, of course. michelle obama, in 2016 was one of hillary clinton's best
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surrogates. she is very popular in the party. president trump is very popular in the party. so there are certainly voters who may not be quite as satisfied with the current field, imagining what it would be like to have michelle obama at the top of ticket i think they will vote for someone else, if they're engaged especially in state like new hampshire f they're engaged primary voters they are probably going to vote, even if their number one choice is michelle obama. neil: talked about the hunter biden interview on abc whether that helps to put closure on the issue for his dad but i kind of think the opposite. your thought. >> interesting timing here today in ohio for the debate. continues the conversation. the conversation wasn't going away. hunter biden is out there, giving his side of the story. the president has started chanting at rallies saying his
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base is saying hunter is missing. biden campaign says hunter is out there defending himself. they will still be talking about it. neil: we'll watch it closely. eliza, thank you very much i want to direct your attention the dow jones industrials within 300 points of all-time highs reached end of july. this is disproportionately weighted in four big names, jpmorgan, minnesota mining manufacturing, aka 3 m. neil: united healthcare. couple of cases jpmorgan and unitedhealthcare much better-than-expected earnings. as my friend charles payne was pointing out a fundamentals driven rally, which tends to be a good thing when you go back to basic stuff like earnings. more after this. driverless cars,
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>> president trump made it very clear, that the united states is going to continue to take action s again turkey's economy until they bring violence to an end. we want immediate cease-fire. we want negotiations to begin between turkey and syrian defense forces. neil: turkey dismisses some of the u.s. sanctions and get a first-hand view of how much the turks realize what they have unleashed here. critics of the president say he unleashed it by essentially giving them the go heated to doing what they are doing right now. former advisor to vice president
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dick cheney on this. john hannah. what do you think? >> there is a strategic, if you really wanted to stop the turkish invasion, the time for making threats of economic sanctions or dispatching your vice president to engage in emergency diplomacy with turkey and the kurds was before the turks went in, not afterwards. once you have unleashed the dogs of war and this war is very, very popular inside of turkey, to take down this kurdish militia, it's very hard, it is going to be to put that back in the bottle anytime soon. neil: so, john, people like you and other generals and top military types had apparently told the president this is how things would have upon. so did the president. he is trying to address that by
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punishing turkey economically. at this stage is that going to be enough? because by the time a lot of that economic punishment kicks in, erdogan could be wrapped up? >> no. i think the damage is done, strategic and humanitarian moral damage done to u.s. interests i think is already past us neil. we're just looking now at mitigating the disaster that is unfolding. not only is erdogan in, seizing that territory, destroying the kurdish project inside of syria, the kurds of course now invited back into that territory that was won in large part by u.s. blood and treasure. the assad regime, behind them the russians and iranians. we have spent five years destroying isis, only to hand it over now to our worst adversaries in that part of the world. neil: what i'm wondering what to make of isis?
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whether you know, some of the worst element have broken out and are heading to god knows where? europe is sort of a concern but they're all sorts of other places? >> yeah. this is going to be jet fuel for the resurgence of isis. it is kind of already happening anyway. this isis insurgency that has been brewing in iraq and syria, since the caliphate was defeated. but baghdadi, the leader of isis just a few weeks ago, made it clear in audiotape number one priority for him was releasing those, breaking out the isis prisoners and their families out of those jails. i'm afraid that the war that we have helped unleash here in northeastern syria will do precisely that, create that opportunity for isis, for those, those prisoners and those fighters including up to 2,000 foreign fighters being spread to the winds to launch new attacks
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against the west. neil: now the president has been arguing that, many agree on this front, that he has this thing, of the pulse of american people who are tired of these wars without end and are justifying saying a little bit longer to make sure everything works out. and that is what he is looking at, that this has more popular support even if it doesn't have a whole lot of military and middle east analyst support. what do you make of that? >> he may be right about that calculation. we'll just have to see once all the dust settles, we see what the strategic and humanitarian impact has been on u.s. interests. i just am reminded that president obama also wanted to end endless wars did something very popular at the time in 2011 when things were stable in iraq. he got out against the best interests, best advice of his military and diplomatic aides.
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within three years we had the disaster of isis resurgence and america returning again to fight another war in the middle east. now we've seen in just three days what's happened as a result of this turkish invasion, and this strategic collapse that the u.s. position is now suffering in northeastern syria. i don't know how the american people will evaluate that in the long run. neil: very good point. john hannah, thank you very much. good catching up with you. >> thanks, neil. neil: if this is worry at corner of wall and broad, markets have funny way of showing it. this is no way on their proverbial buying radar. trade deal is looking favorable even though the chinese are huffing and puffing, saying we won't go much further unless the president removes those tariffs that are set to kick in the middle of december. with all of that, the buying is on. after this. there's a power in listening;
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...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. neil: not quite a done deal. china saying tariffs are in place. not now but ones in middle of december. edward lawrence with this. >> those are up in the air. tbd what the tariffs go into place. feeling downward pressure. imports and exports continue to
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slide. new numbers show september now represents the fifth straight month of contraction for imports into china. now exports out of china fell 3.2% year-over-year. the administration believes, that this is why china need as deal. there is agreement whether deal is reached. deal is not on paper yet. the administration want to take an agreement drawn up by the apex summit in four weeks. as part of the deal president saying chinese 40 or $50 billion in u.s. agriculture. the chinese ministry of rural affairs says they're buying considerable amount of agriculture but have not agreed on the number of 50 billion. spokesperson tells us that many things must happen before china could make such an commitment. the chinese foreign ministry spokesperson saying today, two sides are also unanimous on the issue of reaching economic and trade agreement. there is no difference. but the chinese stopped short of
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saying that an agreement has been reached. instead using the term progress towards a deal. president trump saying there is agreement in principle. in 2014 for example, the peek of when u.s. farmers exported to china that was $29.6 billion bought by the chinese. during the global slow down now china may have a tough time almost doubling agricultural import getting to that 50 billion-dollar number. still china has confirmed they are buying a large, government companies are buying a large purchases of agriculture recently, neil. talking about soybeans and other products in the u.s. back to you. neil: edward thank you very much. hope on that front. believe it or not, hope on brexit front. who would have thunk. we're getting word from eu and uk negotiators they could be closing on a draft of a brexit deal. jackson, thanks for coming. >> good to have me.
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neil: you were saying during the break, it was 50/50, but substantially better odds than a week ago. what changed? >> positive momentum. pound rallied on good news. there is agreement, scope around an agreement on northern ireland with the dual customs union. neil: the irish were very concerned they would be odd man out. it would almost be a separate country in accessible on either side, right? >> it is question maintaining integrity of common market in the eu. maintaining back to the good friday agreement. maintaining peace throughout northern ireland. common at, free movement across the republic of ireland and northern ireland is important factor. what changed is, i lived in london a number of years. i used to work for prime minister blair. i think people are tired of brexit. i think that you know -- neil: say they're tired of brexit. they want it resolved one way or the other?
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>> resolved one way or the other. been going on three plus years. they see a right resolution. neil: what would the resolution be, britain separate. the irish thing is settled, re is the question mark? >> britain separates, republic of northern ireland with the eu and uk. there is, this is being discussed now. we'll be presented to the european council tomorrow. if there is an agreement, then that would be debated over next two days. there will be a uk parliament meeting on saturday. you know, we think, an extension will be likely, to get the principal of a deal across. whether a couple weeks, couple months. depend on labor's view. neil: beyond the 31st with understanding they're dotting eyes, dotting ts on separation agreement? >> correct. there are other factors
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confirmed to recommend the deal. there will be extension. time of extension, it will be depend on few factors. we believe there will be an election. our view that the conservative party, that prime minister boris johnson wins, depending on the strength of his, a conservative victory, that dick state what is a deal would look like. neil: it would strengthen his bargaining hand, right? >> presumably. neil: what does it mean for britain afterwards? after a brexit deal, they're out, then what? >> it gives, it gives, britain free scope to negotiate trade agreements with the u.s., with china, with japan. i think that is a positive. neil: they don't have any agreements in place yet, right? so, the notion you get is they're kind of sailing on their own here for a while? >> correct. i mean i think this issue has to be resolved. whether the uk was a strong in the eu or independent partner that can negotiate its own deals, looks like the latter is the direction moving forward. you know under a prime minister
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johnson, the uk will negotiate free-trade agreements and fill out as independent nation. neil: are the fears still rampant in britain they will run out of medicine? that they can't travel freely in europe? or is it that fear-mongering as some called it is actually helping europe's cause? i mean, it is, might it be that britain survives this, the doom and gloom scenarios don't pan out, the europeans are worried that spain will look at this, portugal will look at this, italy will look, say, hey, we could try the same thing? >> that is certainly a risk. certainly a good degree of fear-mongering. we'll have to see how it plays out. >> when you go back to brit san, if they break away, travel will be limited in the rest of europe?
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>> knot worried about it. neil: jackson on a deal that probably not looked like a sure thing but a 50/50 thing. we're on top of it. parent of teenagers, kids who loved "fortnite" and were celebrating when the game went down the other night. it is up and running again. so i hope you had dinner with your kids and they recognized you, you them, now they're back in front of, well, this. ♪
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hour 36 in the stakeout. as soon as the homeowners arrive, we'll inform them that liberty mutual customizes home insurance, so they'll only pay for what they need. your turn to keep watch, limu. wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ neil: how is this for convenient. walmart bringing groceries straight to your refrigerator. in kansas city, pittsburgh. it costs $19.95 a month. closely scrutinized as wave of
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the future. grocery services have plenty of delivery. that is a trend. that is going on nationwide. this is going one step further from getting it to your refrigerator. seeing if they eat anything while they're there. not saying they will do that. harley-davidson pulling plug on electric motorcycle. apparently issue could be a charging problem. jeff flock with details on all of that. jeff, what is going on here? reporter: speaking of the wave of the future, neil, electric motorcycles, some people thought what are you thinking harley, electric? no. this thing called the live wire has gotten pretty good reviews. take a look at the bike. it is a pretty good-looking bike. the problem seems to be with the charging unit. it is not a safety issue you they have at the moment suspended delivery and production of the bike which is made by the way in york, pennsylvania, a u.s. factory. taken some heat from the president making bikes outside of the country. this electric bike made here in
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the usa. it sells for about $30,000. it has gotten good reviews. the charge, is a question. some people questioning you know, if you can fill up at a gas station, run out of juice. it charges 80% of full charge in four minutes that actually works pretty well. you can charge it at home by the way. goes up to 110 miles an hour they say. don't know that i want to do that. there you go. stopping production, stopping delivery. folks cannot see it, neil. i don't know, if this was going to be a disaster, something would tell me the stock would be way down today. take a look at stock of harley. it is up almost 3%, which tells me maybe, investors are thinking, this could be the future. you know some people have poo-pooed the idea of harley getting in the electric motorcycle business. but i would say, there are people back, when they invented the motor car that thought, hey,
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man, we got to stick with the horse, you know? this is not going to sell. we should invest in saddles and buggy whips. neil: what is real weird, help me with the technology, because i'm not up on it. i know it is quiet. a friend of mine with a tesla, the thing is whisper quiet, the thing doesn't make any noise. if you love motorcycles, you love that noise. i would only imagine that an electric motorcycle is not going to make any noise. so maybe it does. they put fake noise in there, get the same feeling, but what do you think? >> if you go online, you will see a commercial for this. it has a weird whine to it. you can listen for yourself. see what you think. it doesn't sound like an electric motor or gas motor but it does sound weird, and space age, maybe that is what the kids want. neil: those crazy things. it just seems weird, the whole thing. it was that way --
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reporter: i could get myself in trouble, just doing stuff around the house. so i don't need to get on a motorcycle whether electric or gas powered. neil: that is your problem. you're doing stuff around the house. once people know you're handy, that is the rocket shot. don't go there. i always tell my wife i know all the neighborhood contractors on speed deal. jeff, you're the best. i still can't picture that motorcycle, electric, quiet motorcycle. anyway, delete facebook is now trending as mark zuckerberg defends meeting with conservatives. would he gotten same reaction, i don't know, meeting with jeff, after this. i get it all the time. "have you lost weight?" of course i have-
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neil: there he goes again. mark zuckerberg facing backlash for having audacity to speak with conservatives. he is speaking out. be clear i have dinners with lots of people across the whole spectrum on lots of issues, meeting new people with wide range of viewpoints is part of learning. if you haven't tried it, i suggest you do. charlie gasparino on the heat that is generating. >> we should point out mr. dorsey, jack dorsey of twitter did similar outreach about a year ago. in some ways he is late to the game. there is a overwhelmingly belief among conservatives that the social media platforms in various ways are biased con coin tiff thought. pushing out stories with much more aggressive agenda. whether that is true, i can't tell you. people do believe this. so, it makes sense that they reach out to conservatives,
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because they want conservatives to use platforms as well. i think a bigger problem, particularly for facebook, less twitter, that is much more of an open system to be honest with but the bigger problem for facebook is the guy running it. across the board almost the same things. none of these guys are very good spokesmen for their companies, public figures for their companies given the level of regulation they're facing from both parties. mark zuckerberg makes, you know, i'm not saying he is a villain but easily villainized and -- neil: rap on him, no all i.q., no eq. take as lost finesse. >> will have to finesse, congress, public, to have people's private information. would say same thing with mr. bezos. he has to get out there. i don't know whether he can do it. same for guys running google, down the line. these folks will have to up
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their pr game. because what is coming at them, is almost, when he went after the banks. the banks had this back in 2000 after the financial crisis, lloyd blankfein, who ran goldman sachs, demonized viciously for two years, three years. he caused massive regulation of the banking industry. the banks didn't get out of it until the shift and focus to a public figure switched from lloyd blankfein to jamie dimon, who was appealing public figure and ran a good bank. neil: that makes a difference. >> i don't know who in the tech world is the jamie dimon of tech, can get up there forcefully and eloquently lay out -- neil: would things be different, he met with both together. met with liberals and conservatives. dorsey as you indicated met with conservatives. the he was addressing criticism from the right he was biased on the left.
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>> absolutely. neil: zuckerberg takes the same heat, but does this move the needle one way or the other? people are suspicious of you on the right, they're going to be. people leery on the left they're going to be. >> i think they're too late to the game. jack dorsey did it a years ago. twitter fixed some of the issues. neil: to make the difference, he fixed some issues. >> jack dorsey, when he gets in front of people, he is a smart, warm intelligent guy. neil: lie you. >> like me. i'm starting to get some facial hair like him. neil: this is what happens an hour after you shave. >> i took one day off, i said what the hell. let me keep it. see what happens. but, you know, neil, i can't stress this more, there are bigger issues than just the conservative bias and all this other stuff. they are facing such massive regulations and people -- neil: but the right want to get them on that. the left wants them too big for their britches. they can't win. >> there is no public spokesman
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for these companies. maybe sheryl sandberg can step into the void. we don't know. she hasn't yet. i'm surprised she hasn't taken the public man tell, a appealing figure with some of her issues, did whole book about lean in. i'm surprised she hasn't stepped up because they are going to have to, if they don't have a gail plan from a public relations standpoint, listen i'm on journalism side, but i deal with a lot of pr people they will get smoked in the next five years. neil: you know what i heard? a lot of them think there will be political hay to make in the election year but the in end no one wants to develop laws or requirements or regulation. >> elizabeth warren does. neil: i'm not dismissing that, but they don't think anything comes of it. the other thing that worries them more the breakup issue. whether you break up facebook. break up google. that is a more pressing concern. >> that is an issue too.
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we should point out they're rationalizing all this a lot. if you talk to people like google. talk to people, senior levels at those companies which we have been, i have been. they are rationalizing a lot of this. they don't think the divorce will happen. they will get through it like they have in the past. neil: they have. look at facebook's stock. year-to-date it is up more than 40%. >> right. neil: with all this craziness. >> supposed they're forced to get rid of -- neil: if they are. i think they're rolling the dice. they don't think it will ever come to that. >> well they are, you see the problem with that is, yes, i'm not saying it is going to happen, but the from with that thinking that is underestimating the politics. they're not good at politics for these companies. they're out in silicon valley. in their cloistered little subdivisions, whatever they live in. neil: not taking political sides, they would have to, a little alarmed with some of the stuff elizabeth warren is saying. >> look at campaign
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contributions. look at people that work at these companies, it is heavily left. neil: i understand. talk about 90% top rate. >> look at their pac contributions. very much split. give to a lot of conservatives. neil: do you think in their heart of hearts they don't want elizabeth warren to win? >> i think you know. >> i don't think they know what they want. they're uncomfortable with trump. they're liberals, everyone of these guys, they know elizabeth warren and far left of the democratic party provides existential strength. the real question is, if there is ever, if you have a elizabeth warren presidency a compromise worked with republicans to downsize big tech that hurts their stock? that is possibility. neil: she has always been that way. >> she works with a republican senate, take down tech two notches. i don't like them. you don't like them. there is compromise that could hurt the stock price. neil: thank you very much.
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>> i think i will keep it couple days, that settle as lot of issues. >> does it look like yasser arafat? neil: worse. look at the time. second probably including charlie after this. >> who is the guy -- just because of an accident. smart kid. indeed. are you in good hands? i'm working to treat every car like i treat mine. adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what he's working for.
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hundreds of thousands of clients worldwide. don't wait another minute, call now to purchase your american eagle coins at cost for the amazing price on your screen. neil: all right. you just missed charlie gasparino. he's going from room to room saying how do you think this looks? it looks great. welcome back, everybody. i'm neil cavuto. if we are going to get a slowdown, the markets certainly have a funny way of showing it. at the corner of wall and broad, we are flirting darned near record territory right now, i think it's about 300 points away, and a lot of that built on fundamentals. who would have thought? forget the trade talks and where they're going and brexit, where it's going. this is just built on the old-fashioned stuff like numbers that look good and maybe will
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turn in the face of what many thought would be a contraction in earnings this quarter. that could still pan out. i have a feeling these wall street guys have been sort of factoring in worst case scenario so if we are even a little better, we are off to the races. let's get right to it with eric beach, dan gelford and last but not least, danielle mcloughlin. danielle, if you are looking ahead of the big debate the democrats will have tonight and your argument is the economy is floundering and all, this seems to show the folks who are behind that economy, companies, are doing more than okay. i don't expect them to talk about the markets or company earnings, but that's the backdrop the president likes. that's the backdrop investors like. should democrats be worried about that? >> i think they are going to talk to the american consumer,
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the american taxpayer, about the economy and ask them whether they felt like they got what was promised from 2017 trump tax cuts. i think they will ask them about how they feel about their health care which is fundamentally an economic issue, pocketbook issue for voters. i think they are not going to talk about companies only to the extent we might hear from someone like elizabeth warren who is saying there is this econom economic, systemic economic imbalance, i should say, in the tax code and elsewhere, and that -- neil: they would have to refute consumer sentiment numbers that fly in the face of it. >> no, they would. neil: they would have to lie. >> i don't know if they would have to lie. we have seen warren particularly, she is an economic populist, she has a background. economic populism. think about the consumer financial protection bureau. neil: you are saying they are going to preach to a choir they think feels robbed? >> i think so. i think so. neil: dan, what do you think? >> i don't think that's a winning strategy for the democrats here.
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i think that the facts are the facts, and the fact is we have a great economy. whether you want to give president trump credit for that or not, it don't matter. it is what it is. neil: we would certainly target the president regardless of who he or she would be at the time if it was a lousy economy. >> absolutely. the president would have to take the blame if it was going the other way but it's not so i think the democrats have a long road to go down to try to say it's the economy, because it's not the economy. listen, i think president trump in this election, it's his election to lose. he could be his own worst enemy by tweeting in other matters but when it comes to the economy, i think that's an area the democrats should stay clear of. neil: i do want to -- >> no, look, the problem with elizabeth warren is this. she is an economic populist but so is donald trump. there's a lot of policies donald trump talks about that elizabeth warren would love to emulate in real life. the problem is the democrat in this debate that's going to be
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there tonight doesn't even exist. there's not a democrat that's going to say look, the economy's good, but we need to do better in our domestic agenda, we need to have a better foreign policy. they won't do that because they get mired with their hatred for trump rather than what they will do for -- neil: hunter biden might be a very big topic. >> yes. neil: they get lost in all of that. i'm wondering if the economy doesn't become the focus, let's say you know, the expanding gap between the rich and the poor, which is a perennial concern of this country through republican and democratic presidents, can you win election with that? >> i'm not sure that you can. if they are smart, they won't talk about the economy. maybe inequality, maybe they will talk about the wealth gap, not just the income gap but the wealth gap that has been expanding in this country for many, many years. they are going to talk about syria and foreign policy. they are going to talk about the environment. they will talk about hot button issues that the general electorate is watching. i think they are going to talk
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and we will see how this plays out, they need to focus on the issues because all the impeachment talk going on, obviously syria, but they need to use this platform i think to talk positively about what their plans are, as opposed to just hating on trump for two hours and change. neil: i'm wondering where the passion lies, though, here, because i know on the progressive side of the party, bernie sanders and elizabeth warren will duke it out over issues about we don't tax enough, even bernie sanders supposedly going to go after elizabeth warren for dare saying she's a capitalist. i know where the direction of the passion is of the party. i wonder if that boomeranges on them into the general election, where most americans might not share that view. >> i think what americans ultimately are going to realize is if bill gates gets richer, it doesn't mean they get poorer. this class warfare battle i don't think is going to be what resonates. however, you brought up the
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taxes, so now that is something that will resonate and there are a lot of people who didn't benefit from the new trump tax plan. however, i believe most of the people that got burned in the tax plan are in blue states, and trump is not going to win new york and new jersey and connecticut anyway. so i think that's brought off the table. i don't really think that the trump tax plan is going to be an issue, as far as changing the electoral college swinging one way or the other. neil: i wonder about the industrial states he did win, by a little over 70,000 votes. [ speaking simultaneously ] neil: so i'm wondering, the president presently trails, you remind me it's very early, in all of those states, four of them by double digits.
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those could be wrong, those polls, you know, might not reflect the support the president has, but he should worry about that, right? i mean, because all of them have experienced a big robust comeback and certainly all thecthem, pennsylvania included, at 40-year lows in unemployment. >> that's where he's going to target the most. he has the best differential of any of the democratic candidates in terms of messaging. here's why. you can't just talk about the economy in terms of tax cuts and everything else without talking about the real issues that face middle americans that are also economic, illegal immigration. we give billions of dollars of taxpayer money. i think what the president is going to do is talk about how the democrat candidates to a "t" focus more on foreign illegal immigration or things of that nature as they do their own residents and he will tap into that. you will tie in that economic message but you will really go back into trump's strengths which is the trade issues, middle america, whether we like
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him here or not, they seem to like it and illegal immigration. he's going to get back to those basics and there's no bigger marg margin than on those issues. neil: you know, a bundler was saying they wish he would get back to talking about health care, not junking obamacare but improving it, not going the president's route, market forces, but to get back to that, not so much impeachment. do you agree with that? >> good question. i think they can talk and chew gum at the same time. i think they have to. neil: they can't. they can't do that. it seems obvious but they can't. >> i don't doubt there's going to be a question about impeachment on the stage tonight but i do agree health care proved to be a winning strategy. neil: they have forgotten it. >> they need to remember it. if you are listening, you need to talk about health care because it works for you. >> donald trump is going to
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blame that on john mccain. he had it and he fell one vote short and that's where he's going to put it. trump is a master -- neil: never accepts blame for anything. >> john mccain's fault. neil: he is a master at shifting blame. >> no question about it. never apologizes. neil: whatever works. whatever works. when you look at the markets and what they are telegraphing, sometimes they are telegraphing just that day or the next week, and maybe they figure this trade fear with china, saying we're not doing anything more until we get the december tariffs swayed so maybe we are just looking at the next crisis the markets hope to resolve, but they're not worried, it would seem, about impeachment. they're not worried, it would seem, even about what's going on right now in northern syria. they are fairly convinced that this continues right through the election. are you? >> i am, but you know, i don't know what to expect.
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you got to follow the market trends and the fundamentals of the market are very strong, but you look at the betting odds on re-election for this president, and they seem to favor him. i think the markets are reactionary to -- neil: the betting odds favored hillary clinton, too. right up to election night. >> right, but all the talk going into the election if hillary clinton was elected we would have stability. if donald trump was elected we would not, and that turned out to be false. i think ironically, when we are talking about this president, the markets are saying you know, we want stability and donald trump. that's what they are betting on. neil: i have always wondered, we talked about this, in fact, this past weekend, about the markets like stability. they like what they have and it helped bill clinton through his impeachment fiasco that he could look back, the market, the economy. i'm not saying he would have avoided impeachment anyway or richard nixon, in a far more problematic economic environment, stagflation, the oil crisis, wouldn't have been
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impeached but it mackes a big difference if the environment is like that and you are facing impeachment. >> interesting, the messaging is sort of the same. bill clinton said i will get back to work for the american people. that was his mantra over and over and over. neil: back then, both sides did pitch in to work with one another. they were walking and chewing gum at the same time. newt gingrich and the president were following up on welfare to work and some of these other things that would normally have not gotten done in a polarized environment. >> frankly, i worry about usmca at this point. i don't know that the house, i said this months ago -- neil: they won't even vote on it. >> i don't think democrats will give that to him, frankly. neil: they look petty. they look petty. >> they are politicians. the other point was clinton said i'm getting back to work for the american people. donald trump is saying the markets will crash if you don't re-elect me. they are variations on the theme. it's about tying their own success to the economy itself. neil: we shall see. we are kind of where we were before these guys started
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talking, up about 269 points. we've got 24 of the dow 30 issues up. most of them are economically sensitive and most of them are sensitive to anything that would disrupt this. today nothing is disrupting this. so far. more after this. do you want me to go first or do you want to go first, brea? you can go first. audible reintroduced this whole world to me. so many great stories from amazing people. makes me wanna be better. to connect with stories that i'm listening to- that's inspiration. with audible originals, there's something for almost every taste in there.
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neil: all right. i don't know that it helps or hurts his dad but hunter biden is speaking out before the candidates battle it out tonight. but are democrats ready to pounce or let this whole thing slide? we were just talking about it. hillary vaughn has the latest on the great unmentionable that is hunter biden. hillary? reporter: neil, tonight's debate will be the largest presidential debate in history with 12 candidates sharing the same stage, but the man getting all of the attention in the leadup to this debate is one man who is not running for president,
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hunter biden. talked to "good morning america" to defend his position on ukrainian oil and gas company while his dad was vp. biden insists he did not get paid for access to his dad but because he was qualified. >> i was vice chairman of the board of amtrak for five years. i was chairman of the board of the un world food program. >> you didn't have any extensive knowledge about natural gas or ukraine itself, though. >> no, but i think that i had as much knowledge as anybody else that was on the board, if not more. reporter: hunter biden did admit, though, he didn't think through his role on the overseas companies so he is stepping down from his role right now on a chinese-based firm but hasn't said what he will do with his equity stake in that company. he is, though, promising not to involve himself in any overseas boards if his dad becomes president. >> i don't know what to tell you. i made a mistake, in retrospect,
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as it related to creating any perception that there was wrong so therefore, i'm taking it off the table. reporter: hunter biden also wouldn't say how much money he's made in his overseas business dealings, saying that he does not feel like he needs to quote, open his kimono and expose his finances but he is trying to clear the air before his dad hits the stage tonight. neil? neil: that's some disturbing imagery there. hillary, thank you very, very much. hillary vaughn. all right. you know, hunter might be saying, get this out of the way, get it done. i just think he reignited it. >> i think he did as well. the more this continues to come up over and over, neil, the worse it is for joe biden. neil: he wouldn't be getting off these boards and untangling his arrangements if he didn't feel at the very least it didn't look good. >> of course. it doesn't reflect well on his father. we are going to see how that plays out tonight in the debate,
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because i think that you have democrats in a little bit of a tough situation. if they go after biden, in effect, they are siding with trump's argument about joe biden. i don't expect anyone like elizabeth warren or bernie sanders to take that position to go after biden. however, some of the other candidates who are far behind in the polls, who have nothing to lose, may say hey, i'm going to put it out there and try to make a name for myself. neil: he may look like damaged goods, right? >> not only that. i think it's bad for the democratic party, all the candidates, because you go back and tout the obama record. well, was there any kind of nepotism involved in some of the decisions that were made. when president trump is talking about his relationship with china, and then they point to obama's relationship with china, you know, was that done under odd circumstances. i think this is going to be very troubling for the entire democratic field, not just joe biden.
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but it certainly doesn't look good when hunter biden goes on tv but i would encourage him to do more of it. neil: you got to wonder, too, whether some democrats, particularly on the more progressive side, never fans of the more moderate former vice president, maybe this is yet another reason we don't have joe carrying our banner. there's just too much baggage there, even if it isn't justifiable and all that, but it's too much and we can do better. >> we certainly learned in this cycle and probably the last cycle that what used to be considered an asset which was a long history of government service, can be turned against you in an instant. joe biden has been i wouldn't say the beneficiary, but it's been a problem with him. you go back to his vote on the crime bill and these things, the busing issue with kamala harris. i think what they need to do is come to some sort of agreement, put out a statement, all of the democratic candidates, and say we will not have any nepotism in our cabinet, we will not have family members, we will not allow any of our children or
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family members to be on -- neil: they are saying this guy is the reason why we are doing it. >> but they are going to say, actually, biden said it himself, hunter biden, you don't need oil and gas experience to be on a board. look at any board of any company, it is comprised of people from -- neil: but i don't have to be perry mason to know when something likes icky. >> ukraine policy is top down, it came from obama. they admitted the appearance of impropriety is a problem but we have family members in the white house and chinese trade -- neil: but it does neutralize the impeachment argument, right, a little bit? >> which impeachment argument? neil: the one on this whole issue of ukraine. >> no, i mean, i think they are separate issues, whether the democrats can articulate them is another question. neil: all right. a lot more coming up, including felicity huffman reporting to prison for a 14-day sentence in the college admissions scandal. we will keep you posted on that. after this.
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we all do have freedom of speech but at times, there are ramifications. i believe he wasn't educated on the situation at hand and he spoke, and so many people could have been harmed not only financially, but physically, emotionally, spiritually. neil: all right. note to the nba, if you're digging a hole, put the shovel down. lebron james is now trying to clarify those comments suggesting that the rockets general manager should have waited until after the china trip, but that in and of themselves, he just needed to get educated. our panel is of mixed opinions on this. eric, what do you think? >> i think it's a disaster for the nba. and the celebrity community at large. here's why. you have steve kerr, gregg
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popovich, nba final champions coming out, any time they talk about trump's rhetoric and how divisive it is, well, you have a country that has major human rights violations and you are going there and the nba's profiting and as is nike, who represents many of them, profiting over doing, you know, all kinds of business in china, so if you are going to take those kind of stands, take the moral high ground, as you do against president trump, and thus the united states, and you can say the same thing about the colin kaepernick controversy, right. if you're going to say you have freedom of speech but then you have consequences, but then yet you come out and defend colin kaepernick for kneeling for the national anthem, it seems to be a hypocritical message. neil: there's butchering going on in china right now, say what you will, for donald trump that has not gotten to be an issue. i had a feeling a lot of these players, getting back to the united states, that they would start feeling the freedom to talk about this, that as soon as they have, and more will, they
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just make it worse. >> i agree. you know, the nba is pretty progressive and a lot of the players are outspoken related to social justice, and that's fine. i don't think there's anything wrong with that. but you can't just have social justice related to the things that donald trump says and does. we have terrible things going on in china and it really looks horrible where the nba, who is going to profit with china, and nike, and king james or now perhaps chairman james, right, they're going to make so much money off of this market so they are willing to say well, maybe we should have held those comments, because then we wouldn't have had china have a blackout of our game or start banning our products. all that money -- neil: that's what got them to change their tune, when the economic impacts hit, and that prompted them to say all right, well, we don't want to go too far here. i always thought they should tempt fate and call the chinese bluff and say all right, you are
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going to penalize us, go to the yur pe european basketball league. >> or broadcast your own chinese basketball league, see how that does for ratings. i actually agree with the rest of the panel and i wish -- neil: hold on a second. then i want to do a fox alert. >> do we have graphics? one of the things that america exports that it has exported since its founding is the idea that there's right of free speech. we export nba, we export nike, we export the personalities of these players, the dreams these players have had from beginning these games that have created incredible lives for them. so i'm disappointed to say at the least that they cannot get past what appears to be a profit motive, and stand behind the hong kong protesters, and stand behind what is fundamentally an american freedom and value. neil: who was the owner who said we have our problems in the way we treat minorities and police shootings and everything else,
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so they tried to equate the two countries -- >> steve kerr. yeah. neil: where are you going here? >> steve kerr -- >> terrible comment. >> he should know better. i think he should clarify those remarks. i think it would just be better, look, whether you are on one side of the aisle or the other, whether you are anti-trump or pro-trump, you can't talk bad about the american culture and life when other countries have these -- neil: or dial it back when you get a little heat. >> at the very minimum. neil: anyone who has seen the video of these protests in hong kong and the fallout from that, and that you fold to that for maybe perfectly valid financial reasons, you've just got to man up and say i did it -- >> or woman up. neil: -- for financial reasons. right. right. >> you can't take the position to be holier than thou when it's convenient for you and that's really what the issue is here. the nba looks extremely hypocritical in how they are handling this whole thing,
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because the league really does cherish freedom of speech. neil: the wnba wouldn't do this. >> of course they wouldn't. >> except when it interferes with profits. then that all has to be set aside. that's the problem. neil: it's not set aside, though. it's just business. it is just business. a lot more coming up, including the streaming wars that are heating up. just an interesting time. have you cut the cord yet? if you add all these together, it's more expensive than the old cord that you just cut. i'll explain. turn on my tv and boom,
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neil: all right. well, if you are shopping for a home right now, a famous "seinfeld" townhouse is for sale in the big apple. fox business's cheryl casone has had a rare opportunity to look inside, where she is right now. what are we looking at here? cheryl: yeah, neil, fans of the show are usually outside of this building. in fact, the couple that paid $950,000 for this place, by the way, in 1995, had never watched the show. it was the fans coming by that clued them in that this was elaine's apartment and townhouse. we are on one of the top levels of the building now. i wanted to show you because this is actually a duplex that technically could be elaine's apartment because elaine lived on a higher floor. let me give you some specs about it as we walk through and show that they like to play the piano
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over here. there's eight fireplaces, 4,730 square feet, six bedrooms, four bathrooms and of course, the asking price is $8.65 million. this is just the fourth level of what is five levels here in the apartment and obviously he's your kitchen. if you like to entertain, i have to be clear, i know this may seem just like a regular spot if you are in the middle of america somewhere watching this right now, this is a lot of space, as no you know, for manhattan. if you want to entertain a few friends, elaine's apartment from "seinfeld" can be yours, $8.65 million. neil: do they have any of the furnishings used in the show at the time? or what? cheryl: no. they actually filmed the show out in a studio in los angeles. the inside was all the set. but the exterior of this building is what is so famous and people to this day walk by and say that's elaine's place.
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neil: i'm not spending $8.60 million for the exterior. we'll see. you just gave it away there. all right. great reporting. thank you very much, cheryl. that changes everything. >> certainly does. out of my price range. neil: meanwhile, streaming wars are gaining a lot of steam. you may have heard about them over the last, i don't know, year. amc theaters is launching its own on-demand movie service. you got disney plus unveiling with 620 titles available, once this service goes live. i think on november 1st. then there's fox headlines 24/7 anchor bret larson to pick through the offerings and how they stack up. i didn't know disney had so much right out of the gate. >> well, they have -- neil: quite a library. >> -- quite a library of disney titles, all the "star wars" titles, huge amount of content from fox television, "family guy" and whathave you. amc will do a movie streaming service. look, i think more players in the game always make it better.
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of course, we always hope that more players in the game mean prices come down just a little bit. the theater operator saying if you remember one of their online clubs, that you will then have access to rent and purchase films. purchasing digital films, i always think, is kind of a bit of a crapshoot because you have the film, you can download the digital file and it's four or five gigabytes that will sit on your hard drive or whatever device you have it on but should that service go away, what happens to the file you have? what happens to the movies? neil: how soon are you getting it with amc? any sooner than any rival service? >> they haven't given dates in terms of when the service will be available but it sounds as though once the movie leaves the movie theater, then ends up on the digital platforms, that's when you will be able to have an opportunity to rent -- neil: why would they have an edge? if it's 90 days or whatever it is, i can get it anywhere. >> i'm curious to see if they try and tie it into the movie experience, where they maybe make it where if you have ticket
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stubs or somehow make it so that you want to go to the theater to watch it. neil: get it for less. >> get it for less money if you saw it. this is the problem movie theaters are struggling with now. we have gotten larger and larger tvs that are higher and higher quality, sound systems that can fill an entire room with sound without a lot of speakers, and a lot of technology that makes the experience of watching a movie at home better. >> nii never have to leave. >> my neighbors hate it when i watch movies. [ speaking simultaneously ] >> but you know, the movie theaters are struggling to get people, like why should i pay 20 bucks to go see a movie, then another 20 for popcorn when i can wait three months or whatever -- neil: $20 for popcorn? >> this is manhattan. if you go to the imax in manhattan, it's a hundred bucks for two people. neil: or go to dan's house.
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[ speaking simultaneously ] neil: it is interesting, you think about it. we love our entertainment, all this, but we have a lot of choices now and if you had all these choices, you are actually paying more than you were when you had the single cord, unless you just cut some of those out. >> not only that, but it seems to me that this, like many other cases, the race to be first might not be best. you will have to adjust. if they can tie it in together with the movie experience you can make a dent into that space. neil: don't they have a stubs program or something like that? >> they do have similar to the movie pass, where you can pay a monthly fee and go see a certain number of movies which is a great idea. mix those two things together, you might have -- neil: you could throw foreign documentaries. >> old art house films. neil: what do you think of this whole thing? it draws males in more than females. i remember reading that.
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>> that does not surprise me. men tend to like convenience once they're on the couch. neil: i didn't want to go that far. i'm sorry. >> are they serving lasagna in theaters? that's why i'm not leaving my house. neil: i would pay $20 for that, not popcorn. >> seriously, i'm not really tall, you can't tell, but one thing that bothers me about going to the movies, there's always somebody taller than me right in front of me, somebody with high hair. so i don't get to see the movie the way that i would like to. one thing that is interesting, this question about cord cutting and television, we might want to think about going online, guys, just saying, is that sports is one of the reasons the key demographic, 18 to 34, is why people are not cord cutting because they lose access to nfl, nhl, rugby, soccer, other things -- neil: rugby? >> had to throw that in there.
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that's an interesting tension because cord cutters are by and large younger consumers of entertainment but it's the live sports that keep them plugged in. neil: yeah. news, business. got to watch how far we take this. all right. that was actually very interesting. i was worried about this segment. >> i would say on that, if the nfl decided you know what, we're going to do our own thing, we are going to do an app, cut our ties to everybody, that would be huge. >> this is all about the middleman. the middleman. yeah. neil: thank you guys. in the meantime, wall street kicks off earnings season. you have heard some of the numbers. not all the numbers are looking good. but what's really looking good, what a lot of these company ceos and cfos is saying, they are very optimistic about the consumer, about you, whether you are cord cutting or not, you are going to be buying and buying a lot of stuff. in fact, about 5% more in stuff than you bought last year at this time. is that real?
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is that true? after this. i knew about the tremors.
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but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease
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neil: all right. we were talking about streaming services. my buddy charles payne, you talk about a guy who is up on all this new technology and has it all, and marry that with the strong consumer and start talking about better than expected earnings and how it's going to translate into a very busy holiday season, check, check, check. charles. charles, that's nirvana for you. charles: well, it is. jamie dimon kind of hit on it more than anyone else today. he talked about the consumer, the u.s. economy, gdp growth has slowed slightly but the consumer remains healthy and growth and wages in spending combined with strong balance sheets and low unemployment rates, that's the magic elixir.
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i think that's what's influencing this market more than anything else today. neil: what about the consumer? we were touching about it on the last segment, talking about people who are inclined to spend a lot on these streaming services and like the whole theater experience and enjoying all this from home, they will pay top dollar to make sure they have it, so if that's a reluctant consumer, we don't see it popping up in any of the spending plans or consumer sentiment surveys. charles: no, we don't. in fact, we had that consumer sentiment number on friday overshadowed by the china talks. i think netflix is going to be the most compelling of all the earnings we get this week. you talk about the ultimate consumer discretionary spending, what they say about the future. obviously it's a crowded field but i think americans are going to have more than one choice. you know, i hate to say this, but right now, sometimes you just kind of go through 500 channels and can't find anything to watch. i find myself going through screens of apps before i even get to the channels now. who knows where we're going to
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be in the future with these offerings. i think netflix could tell us something about the consumer tomorrow. neil: i use the analogy of grub hub. there are so many different restaurants from which to pick. you go ahead with those apps. what do you make of what the market's doing today? it's only about 300 points away from a record. this despite a trade deal that is not done and the chinese are making noise it won't be done until we lift tariffs in december. what do you make of it? charles: it's climbing through all of that but the key is it has to break out to new highs. if we bump up against the all-time highs, put it this way, this earnings season, got to get this market through, all-time highs, trigger a year-end rally, i think the market is probably going to obviously -- i know with the china trade talks, look ahead, see what happens in chile, and maybe assume we saw an inflection point, not a deal or anything like that, just maybe working toward a deal. so these periodic reports about
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what one is demanding from another, par for the course in negotiations, some of them public, most of it in private, we can deal with that. goldman sachs had the worst report this morning. the stock is now up and they said on this apple card, they are partners with apple and mastercard, already, $55 billion in deposits, $5 billion alone, i mean, again, that's amazing stuff. neil: their profits slipped, what, 26% but did the street actually expect worse? charles: no, they missed on the top and bottom line. the stock is down, you know, the one thing they do, they do a pretty good song and dance in this conference call. as impressive as all the other stocks are, the fact goldman sachs is now a little bit higher tells you the power of the conference call. neil: the power of your optimism, young man. stay with it, charles payne. 13 minutes from now, takes you through all of that. very good read of things. he reads all of these reports from all around the world. he's in here two in the morning doing that. i just say get a cup of coffee,
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take a chill pill here. the guy's a genius. coming up in now 12 minutes. also, the latest from beijing. already indicating that they're not signing off on this deal right now, so phase one is a long way from done. but again, you wouldn't see it in trading. why is that? after this. ♪ ♪ ♪ ♪ ♪ ♪ ♪
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neil: all right. walmart will bring groceries to your home. now, that's not new. there are a lot of grocery stores that deliver to your home. they will go one step further and deliver it right into your refrigerator. but i'm watching you if you take anything. okay. it's sampled in three cities for now. it's going to be about 20 bucks
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a month. then it could build aggressively from there. back with my panel, danielle, dan, eric. eric, would you sign up for something like this? >> matter of fact, i would never tell my wife about it. i would just take full credit for it. hey, listen, i signed up -- neil: what's all this beer? >> all of a sudden, i would just say hey, come on in and say honey, look what i'm doing every single week here. i'm doing all the shopping, i do everything else and -- neil: they covered that last leg of the journey. right? >> i just can't believe that something like this can really work on a mass scale. neil: lot of work, right? >> having people come into your house and you know, your refrigerator, you put everything in just the spot, you know where to grab the ketchup and the milk. they are going to mess with that sequential order? that's the deal breaker. neil: can they do it when you're not home? that would worry me. leave those ring-dings where they are. >> very revealing. i want to come to your house and
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look at your fridge. i'm sure it's more organized than mine. neil: all the italian cold cuts. >> mine is just full of beer. neil: please. arugula. >> of course. questions about security, obviously, if you are in a building with a doorman. bit of a problem. if you live in a rural area, a small town or small city, there are issues about someone getting into your house. i'm not sure -- neil: and what's to stop them from saying oh, you know, i noticed you are kind of low on milk and eggs, maybe next go-round i should get some milk and eggs for you. >> i think there's a bunch of different problems. you have exposure to your house, you have selling, all kinds of things. neil: you are perfectly fine with people invading your home, all that? >> they come through all the time. but again, you know, just people
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scanning out your home, yu understanding how you live and things of that nature seems to be a little uncomfortable. this is a good trial period but i don't know that i would actively participate in it. neil: unless you can make a statement to your wife. >> hundred percent. neil: in the meantime, you probably heard about the fortnite, very very popular online game, it freaked out kids across the country -- i say kids, but teenagers as well. this is maybe not quite as popular as it used to be but still extremely popular game. its season ten ended, as the screen went black, one famous video went viral, the kid throwing things, cursing at the tv. no, that was not my child. well, it was my child. but now, they started again. i love this guy. he was not happy when the screen went black. now he's running for congress. anyway, i'm looking at that and now it's up and running again so these kids who had to reintroduce themselves to their family now are back up in their room. >> it's amazing, so you had
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approximately 250 million kids, people, whatever, were cut off. this is a major event. how about something novel like while fortnite was down, kids would actually go outside and play or try to find a friend or do something. other than just looking at a screen. i don't get it. if it was asteroids or pacman i would understand it. >> you don't understand your game of fortnite, it's hard to monitor all these different games. neil: they suck you in. >> they do suck you in. as parents, you think that oh, i got a good handle on it but i don't monitor my three kids playing it at all. when these kind of things happen, you like to try to put some provisions in place but sometimes it doesn't work out. neil: that's the benefit of being a lawyer, you can sue your kids if this happens, right? even the 11 month old. >> even the baby.
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you know, this reminded me of actually the end of "the sopranos" when it went to black. i understand the 6-year-old's frustration. i didn't personally throw anything at the tv. to your point about what's going on actually harkens back to the groceries. there are issues here about privacy, about behavior in the home, about -- neil: too much. >> yeah. people are watching what we're doing. neil: there you go. eat to that and watch a game at the same time and play it and stream with all your weird friends, i'm telling you, it's the end of the world. more after this. fidelity now has zero commissions for online u.s. equity trades and etfs. and fidelity also offers zero account fees for brokerage accounts, plus zero minimums to open an account. and only fidelity offers four zero expense ratio index funds directly to investors. with all of those zeros, there are zero reasons to invest anywhere else. fidelity. ♪ so maybe i'll win
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"your world." talking about recommendations from republicans and democrat to get stuff done. you can keep screaming at each other. hopes springs eternal. my buddy charles payne. charles: that will be a great interview. look forward to it. imparls payne. this is "making money". earnings season kicks off full team ahead. we'll break down the hits and misses and why we're looking at overall state of the economy through the use of these financial reports. dems on display as we preview tonight's debate. what we can expect to hear from leaders of the pack through the fourth round of faceoffs. critics of hong kong protest and lebron, the nba star is drawing a whole lot of backlash for his comment. all that and more on

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