>> we have not, i thought you would ask about space, that is a no brainer, i'm all over space. meatless thing, just have a vegetable. "bulls and bears" starts right now. connell: see you tomorrow. >> does anyone in this room have a 401(k) that is down? raise your hand. does anyone have a 401(k) that is up? everybody. david: a lot of police have 401(k), president in chicago touting the strength of the economy, celebrating a new record high for s&p 500, and giving president credit, praising what she calls quote bravely of the trump tax cuts. >> and 2020 hopeful joe biden disagreed. what he says he will do to tax

cuts once he? was on. this is "bulls and bears" thank you for joining us, i'm david asman, joining us. s&p is up more than 13% since president's tax cuts within into effect two years okay. but former vice president, 20 candidate joe biden telling cbs' 60 minutes that benefits from tax cut to middle class have been minimal. >> you said you would repeal all of trump's tax cuts, but do you mean just for wealthy or the middle class too. trump did give the middle class-a tax cut. >> that was negligible. we should make sure that the wealthy pay their fair share. david: liz, you have a piece in the hill today on biden taking on the trump economy, how tough a sell is that going to be for

joe biden. >> i think it is a very tough sell. i am so tired of the whole line that rich have to pay their fair share, such a cliche, it would be nice to have someone with more imagine nation. the tax cuts affected everyone, democrats did such a good job of slamming that tax bill, a majority of americans ended up thinking their taxes had gone up, that is almost impossible to imagine. but tax authorities people who look at the data estimate if they roll pack tax cut, average middle class family would pay 1300 more in taxes, i say to joe biden, go for it tell those middle class families they are looking at a significant tax hike if you are elected, i don't think that would do much good for him. >> i, agree, average person cares about a couple things, do i have a job? how is the value of my house, if i have a 401(k) is it high or

lower than it was. they point in a positive direct for president, i think he has a strong hand, any argument, if you say tax cut did not contribute this or that to go, dp, find that is a a is a acadec argument. >> the tax cut helped corporations and employees, and shareholders, this is very much in line with the democrat writ large. their philosophy is for government redistribution, they want to take from money who have earned, it is based on envy, the notion to be envious of successful people tha that a european ideology, that is not american, but that is what democrats are about these days. >>, i must tell you, if tax cuts are so neglectable why do have you ta raistoraise them. i am amazed, i hate using the

term hate, but do they just hate people, why not let people keep more of their hard-earned dollars, why do you keep making policies that take away money and put it in washington d.c., they will spend this year, federal and state six and a half trillion dollars, they want more. and from people making 50 to 60 grand a year, take 1300 plus out of their hide. it is the gift who keeps on giving to whoever is running against them. david: the president was speaking in front of policemen. cops don't make a lot of money, yet you heard how they responded he said how is your 401(k), they alle from the democrats, liz, that if you give any kind of tax cuts to people who have stocks, that is just going to benefit wall street type. >> we hear that over and over that s&p this year up 20%, who

cares that is affecting only wealthy people it turns out 55% of americans theron stocks directly or indirectly, everyone should be tell operating -- celebrating the robust economy it looks like a slow growth trajectory no recession in sig sight. we're in a good steady place, if this continues, i think that president trump so a very good platform for reelection. >> again democrats would have to believe wealth is created in washington. everyone createses. they want to redistribute, not a major dichotomy between wall street and main street they are very. the same. benefit of stock market benefits all americans. >> i'm going to volunteer to be the pinata here. david: we will not take swings. >> the trump growth miracle as a

time of ultra low interests, a trillion dollars of deficit spending this is a hyper stimulated economy with a couple artificial sources, i would not put it alla tax cut. >> as low as interest rates are now they were zero under most of obama term. >> we have a fox business alert, shares of google parent company alphabet sliding after hours. come back a little bit from where it was initially. deirdre bolton has been combing through the numbers from this report. why is the stock lower. reporter: you have earnings miss, that is the headline, instead of earning 12.42 share, the company earned 10.12 a share, a clear miss, if luke at ref -- look at revenue, it exceedeexceed as far as sales. sales. and wall street was looking for

sales of 40.32 that is a plus side. but earnings is a concern, i think a lot of investors are focused on some of their experimental businesses, hardware, drones, all of this things that alphabet-google is trying too invest in for next generation, they ended up costing money to develop that cost the company's little bit more month than it, it, this quarter a year ago it lost about 941 million, for a company google's side you could argue it is a rounding error, other thing i saw was traffic act -- acquisition cost, it pays to partners to get our eyeballs there to be redirected to google app or service, some product they are associated with, and had to pay a little bit more for our collective eyeball, not a

lot more, but a little bit more, that is another thing that is pressures the stock in postmarket. dampens maybe some of the enthusiasm people had. i want to highlight is during the day, the company did close higher, made like a 6 month high, you could also just have a little bit of what i call digestion. david: and revenues are up tremendously, year-to-year 17% on ad revenue, a lot of other things. reporter: when is 85% of their business. david: thank you and thank you to leaked video we're getting n inside look to a big issue that google ceo is grappling with, obtained by "washington post" he saed that company is struggling with employee trust. so is google in a state of turmoil? >> with regard to the quarterly numbers, i think they are good enough, we never seen companies this big grow this fast before, this is companies still capable

20% top. david: the ceo seems to say that there problem they have with employees. >> look, they have to come to terms with it this company wants to do business with the entire country, they can't play to half of the country with politics, they have to come to terms with this request their. -- with their employees. >> not just politics but sexual harassment issue, and they handle that, a huge number of people walk odd. which employees walked out and targeted those employees, that is what the rest of the world thinks it happening at google all of the time, welcome to our world. but, big company with growing pains, i don't think it a huge issue. >> a lot of the technology companies at-this-point in time.

people are waking up to what is happening in corporate boardrooms, they are yelling and screaming and when there are sexual harassment and politics dozen -- enter the fray now more than ever. this is something that i think all companies have to deal with going forward, you see some media also, so, going to be interesting. david: quickly, jonathan. >> gary, quick, they asked. ies to leavemployees to leave pt door but google is engaged in so many political issues. >> keeping time. david: we're learning new details about death of isis leader baghdadi, republican congressman jim banks on what we know how and on future of isis coming next. >> baghdadi's death will not end

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>> baghdadi and folks who follow him of responsible for some of the most brutal at atrocities of our time. there is is no guarantee a success of an operation of this difficulty, president trump knew it when he made the bold decision to order the raid. david: defense secretary mark esper giving new details in raid that killed isis leader al-baghdadi, as they tell fox news a u.s. strike also killed

al-baghdadi's right hand man, with me now congressman jim banks. what do you make of the media attempts to minimize or ridicule the president's role in this operation? >> it is unfortunate, it is probably what we have come to expect from media in this era, you saw "washington post" eulogize baghdadi to pundits on tv trying to minimize this really important set of news and really true victory in our set of victories in our fight against isis. president deserves an enormous amount of credit, give cred frit men and women in uniform to the ground to commander in chief who ordered the raid, i understand this was a long time in the works, president brawl brought s senior officials early in administration, and said this say priority. the last couple o of days of a

culmination. >> thank you for your service. i want to ask about all of talk now about potential for retaliation because of what just happened, from the bad guys, what do we do know as a government as a country as far as preparing? is there anything attract going on -- extra going on with washington d.c. with a just in case. >> we're well prepared, i serve on house armed service committee, we have invested in these effort to fight isis. just to give a little bit of context back to time, it is important to remember that previous administration, previous president called isis junior varsity of terrorism, after that president trump as a candidate campaigned to wiping out isis, he has largely done, that news 24 hours ago of killing baghdady i baghdadi is , he was not just relimb out relir

of isis but also chief recruit irorecruiterof isis that made ha significant figure even when he was bunkered down, we have cut off head of the serpent of isis, that will send isis down a path hopefully, where we can defeat them further moving forward. >> congressman, jack from your s channel today was about baseball games, i think they would never heard of baghdadi today, your talk about president saying washington being a place full of leaks and news that speaker was not briefed on this before the assault. when dwhat do you make of that? implications is that speaker is one of people who might be a source of risk in washington, what should i take from that. >> as a naive officer navy offid

like too remind people that loose lips sink ships, not like president and his administration did not brief congress, they did, they kept chairman burr in the know, they briefed senator lindsey graham on the way. this statute from 50s that requires the president to brief congress on intelligence matters is vague about who they need to brief. but in this case, there were briefings that took place. but it understandable as far as i'm concerned with everything that we've been dealing with from the leaks from chairman schiff, lies of chairman schiff to politicalization of everything by speaker pelosi sustaineddabl--is understandablt kept them in the dark until it was successful. >> thank you congressman, i agree it seems that schiff and pelosi have thrown away their opportunity to work with this commander in chief on matters

like this in terms of going back to the question about retaliation or possible push back or whatever from isis, are people thinking that is likely in the united states? or in europe, is there any particular focus to that concern? as for as you know? >> we can't pretend like isis is not a threat even though we have killed their leader, we have to prepare for content jennies whether -- contingencies whether homeland or abroad or our allies, i remind our constituents in indiana, or they remind me, reason we're in place like syria and remain in places like afghanistan is so we can get to them there instead of more incidents like 9/11 here. those effort will continue i imagine well into the future, unfortunately,ing in our work is done -- until our work is done of wipes isis off the map.

>> congressman jim banks thank you so much. >> thank you. david: thank you very much. >> crucial moment for chicago, city facing a number of challenges, demonstrators turning their attention to president trump. we'll have very latest live from the windy city coming next. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪

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david: chicago plagued with problems is now protesting the president, but given issues facing the city, the president may be least of their worries. jeff flock is live in chicago. reporter: you have to be real, i do love the city, i have live here 35 years, but it does have its problems. a tale of two cities be on one

hand president get a warm reception from international chiefs of police, at mccormack place, and addressing crime then in chicago city, trump tower where he had a fundraiser, everyone that gathered there pretty much hates everything that president stands for. but this city faces major problem. president hitting them to crime today it has improved, but city's finances, city is on a phys calling cliff, look at the -- a fiscal cliff, deficits are now manageable range, 800 million. that sounds like a lot of money that is manageable, because of pension funding short falling particular climb to over a billion dollars in two years. whawhere are you going to get tt money from? perhaps property taxes? the pension funding right now if you are pension funding is strong you are about 90%. considered weak if you are 60%,

chicago pensions funded at 35%. so, the president you know, i tell you, he could have friends here, he had good luck with the economy today with s&p. you know nothing better there. but, he did attack the city, and mayor today, mayor lightfoot fighting back on twitter, here is what she said: >> a tough fate for folks in chicago in terms of the budget, there is currently a teacher's strike almost like they won't take yes, they make about 70s thousand a year average, city offering 16% raise over 5 years that would make average teacher pay short of a hundred thousand. teachers still on strike. a tough town. i love it. but it is a tough town. david: 100,000 by 2024, not bad, as a former chicago teacher that does not sound bad.

jeff thank you very much. >> good stuff. david: jonathan, you are a chicago guy too. >> life long. david: there is a lot to love in chicago, but crime, strikes, endless taxation, and finances. it is a mess. >> well, david. it is not afghanistan. okay. >> i didn't say it was afghanistan. >> the president did. president compared chicago to afghanistan, there are luxury apartments, booming tourism. fortune 500 companies, there is a trump tower for gosh sake this a terrific town, but it has been plagued, from decades of progressive politics, tremendous corruption, and withs schools, highly progressive teachers unions that really, put a generations of young people on the wrong track, we suffer from bad politics but this say trem s

a tremendous city. >> the real problem, the number, debts, deficit, underfunded pension is happening in a good economy and a low interest rate environment. think about what happens if they go the other way. >> great point. >> rates back up, economy heads south, they will spike deficit and deficit upside, and pensions would be worse, this is a sin, but bigger sin is they keep r reelectings same people over and over, i don't want to use the word corruption. >> use it. >> there a lot of that too. >> biggest sin to me that i want to give teachers a lot more money, fine, i am sure they need that, but they are not exact any change in work rules or progress that kill the education in the

cities, particularly inner cities in america, makes me crazy the progressive democrats want to maintain status quo in education, that is at heart of income inequal feeity, particuly brown and black kids. >> jonathan to run for mayor. >> liz is spot on, for year, city council prevented walmart from coming and have highest property tax in the nation, you progressive politics, in a terribly corrupt city. david: best way to pay off teachers give them a break on taxes no taxes for city or the state, that would give them an immediate 10% raise that my solution. >> millennials are now expected to become richest generation in history, but the 2020 elect could have a big impact on that, we'll tell you why, coming next.

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learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. david: millennials may now want to rethink their support of candidate supporting wild -- we'lwealth taxes, a new study millennials to up he to inherit8 trillion from baby boomer parents. so should younger generation stop and consider the impact on themselves before backing the

candidates? >> you know, i don't think it will happen. i think that baby boomer generation benefited from decades of favorable taxing a that allowed people to accumulate wealth. i think in next 20 or 30-year, sadly it will go the other way, and astonishing thing these millennial who are inheriting this, they have done such a number on them politically with indoctrinating in universities and so far, i think they will be okay with wealth tax, they will be so guilty, they will be happy to share their wealth, it has been a great ride, my guess it not doing on. >> you are right, who supports wealth redistribution, the wealthy, whether wall street supported obama, and who supported elizabeth warren often time wealthy white individuals or pit yeah, theti patriotic mi.

they have been told what is moral is altruism, sacrifice, giving away what you have, that is why younger generation they have been indoctrinated in the same ideas and supporting socialist ideas that will be their economic demise. >> you sound like the bad guys at end of every scooby doo episode, you lousy kids. i think they are more clever than you give them credit for. >> my best friend in life bernie sanders compared billionaires to drug add ibs, let's listen. -- addicts, let's less glin lis. >> greed forever some people have become a religion, i need more, more, like a drug addict.

david: aye . >> it is lunacy. i will make an early call, bernie fades, warren fades is is mayor pete versus trump in the end. david: he sounds more reasonable moderate than a lot. >> if you gave he one hour alone with these millennials, to explain that all of this wealth comcomp san diego -- i would hae their heads turned just one hour, whole idea of we'll conif confiscation is ill illogical. >> they are hearing that somehow despicable they have too wealth, you know they -- their job -- i hope it does not happen, but i like at why do you think aoc is backing bernie sanders? because she thinks this is not

his time, he is never going to be candidate. 4 years from now maybe her time, and she thinks she has the millennials in the palm of her hand this is where support from elizabeth warren and bernie sanders is coming from, trust me that is the next wave. >> liz. not halloween yet could you are scaring living heck out of me. >> and not just a love of wealth redistribution, but hatred of wealth creation, bernie sanders is out of his mind, comparing successful industrialists to drug addicts these men and women think this long term that benefit hundreds of millions of people. bernie is a thief. david: one thing that y'all are forgetting that not all millennials come from rich backgrounds, a lot of -- i think that middle class, we're still a majority middle class country. understand the idea of wealth, and how why people come here to

build wealth, they don't have that guilt complex. >> you make my point, i don't care when you call a millennial, everyone wants to strive for higher, reach for the stars, not the carpet, what they find out. every time they move up wrung up ladder he will take more and more. david: middle class will save us all trust me. >> a new phishing scheme involving your bank account that is even fooling tech experts, fastest growing social media site but there are concerns about whether this is a threat to our national security, we'll tell you which site with cyber securisecurity expert morgan wrt next. t employees need more than just a paycheck.

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even those folks whos -- usually know better, hackers using texts to break into your bank account, luring you in there was a suspicious charge, and getting you send them a verification code, giving them total access, we bring in cyber security expert morgan wright. they send you the particulars from -- text from numbers that are bank phone numbers, right? >> right, they spoof, this has been done before, i showed on fobfox business you could spoof white house number, it lowers the barriers, it looks like the bank number next thing you give them a pin number, they use that to take your money. it how they use the human techniques to avoid and bypass sophisticated, of the techniques of fraud control, back to doing after humans. >> if they get more clever, what are a couple things i should do

or not do? >> do whattal -- edgar allen poe said, believe one half you hear, nothing you see. don't believe anything, if you get a note like, that get to a trusted site, the web site itself or call the number, you find the number, hang up and call back, if it is frau fraudut it will show up. at-this-point in time just because someone asks for information like, that i would not necessarily trust them. >> there are simple rules for this, if you get a call from irs that said you owe 3,000 bucks, you don't pay them to western union, or someone says you won powerball lottery but send the them 5 grand. don't trust anyone. verify 10 times over, because there are a ton of bad guys, all they are interested in doing it

geeingoing into your pocket couu will never find them. >> you are right, reason they keep happening because they keep working, people say, well, it must be irs, irs -- i can't even get irs on the phone for a question about my quarterly taxes, there is very little chance they are calling you for 3,000, you don't meet the radar, they are going after older population, people who just recently arrived or became american citizens they don't understand we're not a debtor nation. you cannot go to jail for not paying personal taxes. >> lawmakers are expressing concern over a very popular but chinese owned video app. ticktock, they say, it could be a national security threat, this is popular, with young people, what do you make of this? is ticktock a national security threat as a lot of lawmakers allege? >> a while back china had -- you

remember when everyone said submit your picture we'll show you what you look like 10 years ago, that came out of china. ticktock, we're concerned about what kind of information are they collecting, all back to china there is another reason, ticktock is one of preferred mediums for people bikal baghdady and other isis to get terrorists you know inspired videos out there very catchy way. not only from terrorism but also a privacy stand point, when information you collect. i tell you, nothing good happens by sending my personal data over to china there is no fundamental reason why my personal information needs to be in china. >> ticktock is maintaining that servers are in united states, and singapore as a back up. and they have no operations or they mic make a claim about not being present in china, does that mean anything? >> these are same people when you search for tiananmen scare

isquarein china that does not h. china is one of our biggest adversaries, not only in cyber space military looker i beliefg that china tells me. >> if you put stuff on ticktock they have it can they come back at you through the app or whatever? which i don't use. but can they come to your own devices and find out more information about you than you are poll veering? -- volunteering. >> a very good question, people don't realize when they sign up for the agreements, they don't really realize how much information and which you allow them to have access to, is it your contact list or recently called numbers, there a lot of things that apps can do if you give them permission. now app store on apple and google android they look at it from security stand point but if i agree to give you every piece of information, that is really

not google and apple fault this is consumer's fault, they take our information we don't know what they are taking, people would rather have the app then spend time to learn what it does. >> a quick question, bytedance owns ticktock. do you think, i get an impression they are tied in with the government with chinese government, true or not? >> there snow company in china -- there is no company in china that chinese government does not have hooks in them from intelligence or information stand point one way or the other. >> morg ap an morgan wright tha. >> tonight, of "evening edit." >> sizzling trump economy, remember when media and more than a few democrats nearly lost their collective minds warning

of a trump recession, their recession case fell apartment not just a record high for s&p 500 and earnings session nalling no recession in sight, we take on one of the biggest arguments that is basically cratering. david: we'll be watching liz thank you. >> state of emergency now in california. as wildfires continue to burn. tens of thousands of acres. forcing nearly 200,000 people from their homes, a live report from l.a., coming next. >> i'm cautious when i say this, near historic wind event at a disail anscale and scope of likf which we've not seen in some time. 43 counties are now impacted by red flag warnings and severe weather conditions.

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david: california governor gavin newsom declaring a state of emergency, as wildfires rage on opposite ends of the state, nearly 200,000 people are evacuated, and a swift growing glaze in southern california raising new concerns, robert from l.a. reporter: thank you. you can see helicopters coming in they are being aggressive in trying to take control of the getty fire that broke out overnight. cutting a line, where it came racing down it started about 2 miles east of me. 65 mile per hour winds sending it through the canyons, burning several homes, they are trying to cut a line there. to prevent it from spreading closer to homes, you can see one of the homes has been reduced to

rubble. there is a chimney and fire springing up, a number of the firefighter below, trying to cut a line. >> fair fighter have a good handle on this. in sonoma county the fire continues to rage, 160,000 people continue to evacuate there. bringing everyone's lives and economic activity to a halt in areas that we know, wine industry and tourism driving a 13 billion dollar economy is ses sonoma county. they tell me they have learned from bad fires two years ago, many have generators, and many have evacuation plans and were ready to go. as many people did here in brentwood neighborhood of los angeles.

david: is there any attempt by governor to change their ways with dealing with forestry and other matters, under brush has not been dealt with properly in california for years, any attempt to attack that part. what started the fires? reporter: it seems that many fires are being traced back to electrical incidents, two in northern california, pg&e says, and as far as forestry officials and governor, i have not heard any worth on attempts to change. that is a hunting theme, and no word from the officials on that. david: robert gray thank you, to the panel, liz, so many people call out say, they have had terrible forestry management in california for years, yet i don't hear the governor talking about change its. >> they just blame climate change, this st a repeated incident now, same thing a year ago, they have to start really tackling 18 million dead trees

that are basically lying around in california, there are such onerous restrictions to burning anything, clearing forests, it used to be most federal leoned land -- the management was intelligence. at some point have a that to tackle it. david: they could use the trees, the dead trees, in pulp mills. >> trump has upped the aim of ay johnsoamount oflumbering in cal. david: we wish them the best. two months but popeye's has an official return date for popular spicy chicken sandwich, one of the best in universe that sparked a viral phenomena when the food chain ran out of

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to have diapers around them. that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people.

david: live pictures from white house, having a halloween celebration. handing out come -- come emirative families. >> popeye's said that popular spicy chicken sandwich will return to menu sunday for good. two months after it sold out. popeye's poking fun in new ad at rival chick-fil-a, which is closed sunday. why the long wait? popeye's reportedly said, it has been securing suppliers that could meet the poultry specs, is this just a trick to get people

to eat. >> i tell you popeye's, this hard to get game is working. get that sandwich in my hand. >> the greatest of scenarios for a business, so much demand you can't supply it. you have to come up with another suppliers, this is great news, they have to hire a ton more people. at the restaurants, because of a chicken sandwich, good on them. i have not tried one yet that will be up next. >> you know, old saying everything is -- nothing new under the sun, this is nashville hot chicken it has been there for decade, i tell you popeye's better get on it mcdonald's and everyone el is getting to hot chicken game. it is the it flavor of the moment. david: last person of the world i thought would be a popeye a fan is liz peek, i was wrong. >> i love popeyes, i could care

less about the sandwich, i i loe everything else they have. david: is it smart campaign. >> are you kidding, we're talking about it. david: we're salivating too, see you next time on "bulls and bears." elizabeth: how majority leader nancy pelosi does -- housing vote this week on a resolution formalizing impeachment inquiry, after nancy pelosi said it might take until av christmas, tonight, why the 180? democrat have been facing criticism, for controlling what americans know and don't know with their secret inquiry, voters asking if democrats have a good case for tossing a president's yea a year before ty get to decide? we have also vulnerable republicans, in districts that democrats won, they now back senator lindsey graham