quick note, the world series is on fox, big fox, as we say tonight. and that is -- who are you taking houston or washington? >> houston. melissa: i will do the opposite. connell: washington? melissa: why not. bulls & bears now. david: a fox business alert, we got a very busy hour for you. first of all, fire fighters are now scrambling to extinguish a brand new california wildfire. this one scorching simi valley near the reagan national library. library staffers have been asked to shelter in place. we have a live report on the ground coming right up. look at this, the s&p 500 closing another record high as the federal reserve cut interest rates for the third time in a row, another quarter point. and now there's some breaking news on the tech front. we are getting a brand-new read on the state of the two of the biggest tech companies in the world, apple and facebook. they are both moving higher after hours, in reaction to

their latest financial reports. susan lee sat down with apple ceo tim cook this afternoon. we've also got some very big news just out from twitter from the ceo jack dorsey. we will tell you what you need to know about that before the markets open tomorrow. i'm david asman. joining me on the panel today carol roth, steve forbes, and zachary karabell. let's head to susan lee who is at apple headquarters in california. a big beat by apple. you have more specifics from your own personal time there with tim cook. >> that's right. so i think the main take away is that it was a strong quarter and also a very strong quarter heading into the holiday season. tim cook says he's very bullish heading into the holiday season. the iphone 11 has been received very well. in fact, he sees the u.s. economy as being very strong. i asked him about the u.s. consumer given that we just got an interest rate cut from the

federal reserve and in his view he says he feels very good about the u.s. right now. as for china, which has been the achilles heel so far this year, he says things have improved and trade tensions have gone down. to him, he saw the bottom probably in december and january of last year and he's optimistic that tariffs will be resolved. however, he doesn't know if the december tariffs will be reeled back. we know iphones and ipads may be subject to a 15% hike in tariffs on december 15th. but he says from what he's read so far, he's optimistic that that phase one trade deal will be signed in november. now, as for what's happening with the rest of the business, and we saw the services is starting to pick up, off of wearables, up 50% in the quarter. that includes the watch and the air pods, air pods pro just being launched today on their website for sale. and he sees that as the future. apple tv plus, the streaming service goes into effect and will be available starting this friday. he says that's very exciting, at a very aggressive price point of

4.99 a month. also the apple card, launched in conjunction with markets owned by goldman sachs, the most successful he says credit card launch ever, and he says you bet, i'm looking to take this international. now, one interesting question i asked him, and he, you know, basically kind of punted it was about crypto currency. i said what about apple launching its crypto currency in the future since facebook is doing it with libra? he says there are some things that the government are better at and that includes currency and the military. david? david: a humble man. let's bring in senior editor of mobile nations russell holly with us what's your impression of these figures? incredible boat -- incredible beat on both top and bottom line. >> it tells us two things, one is that even though apple had a really good quarter from productivity standpoint with iphone sales, they are down 9% year over year. while it is higher than we expected, it is still a decline we're seeing. similar decline when it comes to

mac sales but that's overshadowed how well the ipad and apple watch is doing. services is really kind of the start is what's going to be a fairly rise for apple. as we move into apple tv plus, this will be a fascinating year for apple i think. >> on that, continuing that teem -- that theme, how quickly can the service stream of revenue increase and become meaningful? right now it is in the low billions which is lot for most people but not a lot for people to compensate for the 9% decline in iphone sales. i don't think anything is really going to reverse that trend of diminishing revenue on the hardware. how quickly will the software and the service revenue became enough to compensate for that? >> i think we're already seeing the software -- you know, the software and services start to compensate for this a little bit

when it comes to the apple card. what we are going to see with television, it is a little more difficult to calculate. you have to remember that this year everyone who bought a new iphone and ipad, gets the first year of apple tv for free. next year we will see how apple tv is doing. that's not pointing to revenue because everyone has the service. it will be interesting when we get to this point next year and we start to see people who have decided to maintain the subscription as they move into the second year. >> russell, it is carol roth. the thing that stands out to me when you hear about the apple card is this is the most successful credit card launch of all time. you have this incredibly valuable ecosystem. when does apple take this a step further and bring on an affinity program to really help to monetize this ecosystem without it costing them a penny to do that? >> i think that's a fascinating thing that we keep using that phrase because it is something that apple kind of coined, that it was its most popular credit card launch to date.

we don't really secret card companies hype up the launch -- we don't really see credit card companies hype up the launch. it's not like american express is going to say hey we have this new card, you should sign it up for now. it is a complicated thing to look at this kind of 30 day launch versus what it will look like over three or four years. this being said, i think apple will see this as a positive way to approach services that they can hype them up and get a whole bunch of people excited at first. when we move into the next batch of major hardware purchases, we will see exactly that kind of affinity deal. >> russell, steve forbes here -- >> there were some parts that were a bit surprising, david, the fact that i brought up the miss in mac sales and also ipad revenue misses which actually surprised them given the mac had a tough compare, they had two new models that were launched last year, they said it was the best year for mac sales in a long time same thing for ipad as well best quarter for a while.

they said this might be a case of high expectations, also a strong dollar effect as well. if we have the interest rates being cut here in the u.s. maybe that also weakens the u.s. dollar and that may help i guess apple's bottom line going forward as well. they also have a lot of cash still on the balance sheet. they didn't give me a precise amount, since they will probably announce that on the earnings call. you can say it is roughly in the 200 billion dollars range. what they will do with that, you know, remains to be seen. i think they are still going to give a lot of that back to shareholde shareholders, want to get to net cash neutral meaning get a lot of that cash back, getting it down from 200 billion dollars, but i don't think acquisitions or takeovers are part of the equation or strategy for tim cook. >> russell, steve forbes, on a scale of one to ten in terms of innovation, that's what it was under steve jobs, is this just a refining products that are sort of out there? does apple have something big on the horizon that would revolutionize high-tech again? >> that's an interesting

question. over the next year or two, the answer will be no. what we will see a continuation of refinement. we will see apple next year possibly move into 5g which will be viewed initially as being somewhat behind some of the competition even though that's kind of consistent how apple handles new technology like that. the next big thing for apple that people will keep an eye on are the glasses. we keep seeing it come up here and there where we have, you know, this augmented reality tech that's going to live on your face. that's exciting for some people and kind of nervous and big brotherish to some. apple is going to carefully walk the line on how it approaches that. that will be apple's push into the new innovation. david: russell, thank you. deirdre bolton has a report. >> another beat, a beat on top and bottom line. more important as you go through some of these figures, you know, in mobile ad revenue is soaring.

in fact, it even beat facebook's own internal digits, own internal expectations, so very strong there. basically all the metrics, david, look very strong for this company. 17.62 billion daily -- 1.62 billion active daily users. that's stronger. monthly active users exactly in line 2.45 billion. if you add everything together, facebook, instagram, what's app, messenger, more than 2 1/2 billion people are using these products worldwide. some of the details show not going to call it saturated in the developed world but that's slowing where facebook is really growing is overseas. also find their stock performance pretty impressive. i mean it is up 43%, if you look at the s&p 500, 21 1/2% roughly year to date, that's a pretty impressive performance no matter what other kinds of head winds

facebook has had to deal with, including, i'm going to go down this list, david, doj antitrust probe, ftc probe, dozens of states attorneys general, we know they have already paid out in the past tense 5 billion dollars to the ftc on data security, privacy practices. they have paid out a few hundred million dollars to both the u.k., separately to the eu, but i think one of your guests said it earlier, it is like the teflon stock, no matter what, they keep delivering. they keep delivering on the metrics they set out for themselves and keep delivering on the ones that wall street sets for them. david? david: it's a money machine. it is as simple as that. deirdre thank you. facebook has come under fire for its stance on not policing political ads. now twitter's ceo jack dorsey moving in a different direction, just tweeting out the following quote we have made the decision to stop all political advertising on twitter globally. we believe political message reach should be earned, not bought. why? a few reasons.

quote, a political message earns reach when people decide to follow an account or retweet, paying for reach removes that decision forcing highly optimized and targeted political messages on people. we believe this decision should not be compromised by money. dorsey tweeted out about eight more explanations. he finally ended with this, a final note, this is not about free expression. this is about paying for reach. and paying to increase the reach of political speech has significant ramifications that today's democratic infrastructure may not be prepared to handle. it is worth stepping back in order to address it, end quote. so steve, what do you think of this? >> well, i like jack dorsey, but i think, david, this is absolutely gobbley-gook it is about the suppression of free speech, in the sense how do you get your message out there? you advertise. in the old days you had brochures. you've got to get your message out there. this is one way to do it.

is this the prelude to dropping president trump from twitter? >> steve, they can't afford to do that. that would be their biggest money maker in a while. i think this is good gobblel gobblely- -- they were having fake robot accounts following to get people to think they were more popular. twitter is doing a good job cleaning up the platform late more, making it more real and merit based. this is why you should own the stock. >> what? >> steve on your point this is the way the message gets out. this is the big confusion with citizens united which is money and speech are not the same thing. they may at times be parallel

and we can have much more robust public space if we remove some of the influence of money in it. all that dorsey is saying it should be the potency of one's ideas that should draw the traffic not the size of one's wallet. >> come on guys. david: every time we come up with a new law with money in politics we always end up with more money in politics. >> here's the problem, in terms of the way twitter works, there's already a mechanism via algorithms, via who is ever popular that pushes certain messages higher. there are a lot of people who are getting paid to deliver messages and not tagging them as ads. this is already going on all over the platform. why not participate in it if you are somebody -- if you are twitter, why not capture that revenue because this is already happening all over the platform? david: russell, i didn't realize you were still with. what do you think about this? >> political advertising

especially when it comes to twitter and facebook is essentially a rounding error to begin with. making this decision isn't a difficult one for jack and easy punch at facebook. i don't think it gets too much more complicated at that. i don't think it is a free speech thing is we just watched our competitor get trashed on capitol hill for several days so this is something we can do to win brownie points for our audience. i don't think it gets more complicated with that. david: we will see what happens with the trump tweets, whether they try to close that down. russell, thank you very much. lawmakers meeting on capitol hill on how to decide a frame a formal impeachment hearing. >> they're actually changing the process for the worse. they are making adam schiff now the prosecutor, the judge, and the jury. liberty mutual customizes your car insurance,

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all of the members of the intelligence committee as well as those committees that are on these respective committees, on matters ongoing before those committees are to be left in secret, loose lips sink ships. dd sounds like there are a lot of committees there, doesn't it? scolding a republican colleague on closed door impeachment depositions. this as critics slam house speaker pelosi for her role in green lighting adam schiff's secret hearings on impeachment. tomorrow the house votes on a bill that sets rules for more open hearing process, but speaker pelosi insists it is quote not an impeachment resolution. we welcome back in texas congressman to help us make

sense out of all of this. what are you going to be voting on tomorrow? have you had a chance to read through it? >> i haven't really had a chance to read the whole thing, but we have talked about this in meetings and what it looks like is they are going to legitimize what's been going on for months, under adam schiff, that's what it looks like. >> congressman, we all know why they are doing it because if this was out in the public and you could cross-examine witnesses and the like, they know people get confused and wonder what is this all about? is there any way you can flush this out, compare it to the clinton impeachment hearings, where it was open, you could call witnesses, have a normal process of investigation? >> well, it's totally different from that, steve. you know, from the nixon and the clinton impeachment proceedings, this has been a thing that's been behind closed doors.

i happen to be one of the ones that kind of forced our way in, if you will, the other day into there to see what was going on in there. quite frankly we wanted to just simply, you know, i represent 750,000 people, just the same as adam schiff does and his california district, and i think our -- the representatives that have other districts around the country have just as much right to hear what's going on, and they start each one of these proceedings inside with this is not a classified briefing, so it doesn't really make a whole lot of sense about what they are doing except they want to hide things. they don't want the american people to see what is happening. >> can you, congressman, call them out on the floor that they are selectively leaking information to favored journalists to try to dominate the narrative? >> absolutely. we've been saying this for, you

know, for weeks now, that we have been shut out of the process. and quite frankly, it's great to have this vote coming up, but it is so nebulous. it is so unclear exactly what we're going to be voting on, except that we think that ms. pelosi is finally looking around and seeing what public opinion is and the american people are very disturbed. the american people are basically a fair people. they want to see fairness, and they are not seeing that. >> congressman, it's carol ross. also at the boeing hearings today dealing with two crashes of 737 max airlines, crashes likely caused by a new flight control system. listen. >> you said you're accountable. what does accountability mean? are you taking a cut in pay? are you working for free from now on till you can cure this problem? these people's relatives are not coming back. they are gone. your salary is still on. is anybody at boeing taking a cut or working for free to try

to rectify this problem? >> congressman, my board will conduct a comprehensive review. >> did the faa approve the planes and the flight control system too quickly? >> are you asking me that question? >> yes, congressman. >> you know, i think boeing came out today, their ceo and their chief engineer both said we take full responsibility. they are telling the world and have been that they are culpable. they are taking ownership of this whole thing. they also said that i mean nothing can replace, you know, departed relatives and friends and loved ones, but they're taking financial responsibility for this as well. they are diving into this thing in a way that i think is trying to find solutions, and while i i appreciate, you know, my

democrat colleagues' line of questioning, i thought it was rather sensational. my heart goes out to the people who lost loved ones in these two crashes. but let's look at the real thing here. let's look at it. we have 5 million people, americans today who are flying on boeing aircraft. we've had 90 million americans that have flown -- excuse me, billion, billions of people have flown on boeing aircraft over the last ten years. david: right. >> and we've had one fatality. the gold standard for safety in ntsb, d.o.t., faa, which our -- you know, tni committee have jurisdiction over, the gold standard is the american way of doing things. and so instead of sensationalizing things, we need to find answers and solve these problems. i think boeing is absolutely

taking ownership of this thing, and i'm thinking we're going to get to the bottom of this and it is going to be a safe airplane, and i'm confident that this will happen. david: congressman, you said gold standard, steve forbes went straight to attention as soon as you said that. you got his attention. congressman and doctor brian babin, great to see you. >> thank you. david: week two of the picket line the chicago teachers strike now dealing a blow to students applying to college. we will tell you how that's happening, next. can my side be firm?

and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. so, can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me keep up with him? yup. so, i'll wake up ready for anything? oh, we've got your back. so, you can really promise better sleep? not promise. prove. and now save up to $400 on select sleep number 360 smart beds. only for a limited time. david: the chicago teachers strike is now in its second week and it is having an impact on students applying for colleges. today psats were cancelled and college athletic scholarships are reportedly in danger.

as of today, football teams won't hold the minimum number of practices that are required for you to qualify for state play-of play-offs. how much more damage will students and parents endure before there's a settlement? scott? >> it is unbelievable but the damage is piling up to your point. i think there's a lot of things going on here, a lot of things at work. i will tell you one thing that's interesting to me is not only has our new mayor here in chicago as of this spring brought to the table a lot of what the ctu wanted. but the chicago teachers union have come back and asked for things that are ancillary to what the deal was supposed to be, so rent control, affordable housing, things that are basically not really this big deal situation are things that hanging up this agreement and therefore they are holding the families hostage and certainly taking away a lot of benefits from the kids in the process. >> yeah, and that's the most frustrating part being in chicago is that they say they are putting the kids first, and obviously they're not putting the kids first. they could be adults, go back to

school, and continue the negotiations, but they refuse to do that. it's certainly important to compensate teachers well, but they are well compensated. they want more days off. they have the summer off. they get breaks off. they have individual days off. who else gets that on this panel? >> the union could care less about the well being of the students. they cant afford the settlements. they think someone will bail out. it is a travesty. >> i don't think you can say they they couldn't care less about the students. they are at partly the interest of protecting their own benefits and own pensions, no question about that, but they are also in the interest of making sure they have a living wage -- >> living wage. >> teachers -- we are handing

our kids over to these teachers and who are bringing these kids up in school and teaching them great things. when these union members are out there picketing and screaming and smiling on the overpasses on the highways and things like that instead of trying to work with the city, that seems pretty disingenuous. david: we've got to go, but is there anybody suggesting in a rebate in taxes for teacher as a way to -- because you guys pay 10% of your income in taxes. >> i've not heard anything about that. david: scott? >> no, i haven't, david, but that's something that may have to come down the line soon. david: good stuff, gang. thank you very much. so here's a big question, was jeffrey epstein murdered? that was the question everybody asked after he was found dead in his cell, and now new analysis saying the initial report of suicide might be incorrect. judge andrew napolitano on what this could mean next.

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david: a shocking update in the death of jeffrey epstein. a famous forensic pathologist who observed the autopsy telling "fox & friends" saying official

reports carrying epstein's death as a suicide may not be accurate. watch? >> there are multiple three fractures in a bone, the thyroid cartilage that are very unusual for suicide and more indicative of strangulation, homicidal strangulation. david: the doctor now also says he wants an additional dna testing session. let's bring in fox news senior judicial analyst judge andrew napolitano. judge, what happens if this was a homicide? i mean it reopens the case and there's a search for a suspect; right? >> well, theoretically the federal government is investigating -- the fbi is investigating this because some of the things the doctor points out which have nothing to do with the autopsy are very peculiar. two video cameras not working, a cellmate mysteriously reassigned the day before epstein's death, two guards, not one, two guards guarding that area both asleep at the time. this is a bizarre series of

coincidences. i don't want to sound like a conspiracy theorist, but this doctor is one of the most highly regarded pathologists in the world. he has testified before me, which is how i met him. he's a superstar. it is mysterious to me why this is coming out now, 75 days after he made the observation i'm putting my fingers on my neck as he did he made the observation you just described in the clip you ran of these mysterious broken bones which he says could not happen by suicide. david: by the way, we're looking at photos of this. >> right. the dna testing he's looking for is for the ligature, the instrument that actually caused the death. i don't know if that's missing, but the federal government has it. he says he's demanded dna testing to show if it shows another human touched it. he doesn't have those answers yet. >> this raises a real question. the federal government is involved. they run the prison. they are doing the investigation.

why are they behaving like this? >> i don't know why the federal government behaves the way it does. i know the attorney general was furious. he fired the head of the bureau of prisons. he reassigned the person that runs this particular person, which is a jail, it's not a prison, meaning people are held there during trial or until their trial. it is not a long-term facility. and theoretically the fbi is looking at this. the fbi is not investigating itself. it's investigating another part of the doj called the bureau of prisons. >> judge, this is -- >> that begs the question, why are they dragging their feet? >> don't know >> there are too many coincidences. >> steve, to that point, coincidences is exactly right because judge you mentioned at the outset there, mine i appreciate the details -- i mean i appreciate the details, the inmate switch, the cameras not working when there were specific instructions to be monitored 24/7. that's where i think the answer lies. did the jail run out of 9 volt batteries that night? can they explain what happened to the cameras?

>> we don't have an explanation of what happened to the cameras. one of the cameras is in the hallway which is supposed to show everybody that enters and exits the cell. >> yeah. >> that wasn't working. the other camera is in the cell itself which is a continuous monitor on the inmate, and that wasn't working. and then the people that were supposed to be looking at these unworking cameras were asleep. david: too much, too much. >> judge, even though this is a great riddle wrapped in enigma surround eed by a mystery or something like that. former juul executive is alleging that the company sent out contaminated pods and fired him after that. juul is saying fox business the allegations concerning safety issues with juul products are meritless and we already investigated the underlying manufacturing issue and determined the product met all applicable specifications. they strongly denies the charge and adds the executive was fired

to failing to meet leadership standards of the company not in retaliation what do you make of this one? >> what i make of it is that this lawsuit is the least of juul's worries. their biggest worry is the fda. he has triggered or will trigger the plaintiff, an fda investigation because of the skillful nature of the allegations he made. the allegations he made are changing product after they were approved by the fda and not complying with fda regulations for products that were grand fathered in before certain other regulations came about. stated differently, this will trigger an fda investigation, and they will get far deeper than the plaintiff would in a lawsuit. david: we should mention by the way buzz feed was the source for that. again, they were quoting this guy. buzz feed has kind of a broken track record in terms of -- >> it is a legitimate complaint which i read, very professionally crafted, in fact so professionally crafted in my view, it was actually written to get the attention of the fda, more than the attention of a

federal judge. david: judge andrew napolitano who has a fair degree of skepticism about jeffrey epstein's death, i think. >> i do. i don't know why anybody would wait to reveal this. a fast moving simi valley brush fire sparking new concerns in southern california as it's now burned 1300 acres, threatened 6500 homes, also very close to the ronald reagan presidential library. we're going to take you there live coming next. we trust usaa more than any other company out there. they give us excellent customer service, every time. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life.

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as a principal i can tell you this. when one student gets left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech. within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. you know what's going up today? my poster. today, there are more than a hundred thousand p-tech students around the world. it's a game changer.

david: fox business alert, president trump's 2020 campaign manager reacting to one of our top stories, twitter banning political ads. he tweeted this out, quote, twitter bans political ads in yet another attempt by the left to silence trump and conservatives. wouldn't be surprised if twitter lifted the ban after 2020,

interesting. let's take a look now at the easy wildfire in southern california. it is inching its way towards the reagan presidential library. conditions in simi valley have reached hurricane-force winds. this is the third of the major fires impacting the area. fox news's william la jeunesse is there. first of all, the reagan library, is it safe? >> yeah, it is, david. you can see right behind me, i'm on the back side, if you will, on the west side of the library, i will tell you at one point today, there were flames on all sides of the library, as i take you around here, you are going to see where the fire has moved off to the west into that direction, but earlier today, and i think we have some video of that, literally there were flames on all sides of the library, but thanks to the efforts of firefighters, both on the ground and in the air, they were able to save it. they were prepositioned. they had strike teams here. we knew this weather was coming. it did make a difference. helicopters literally stopped some of these flames. hand crews turned over the dirt to establish a containment line.

bulldozers all over basically trying to establish a new perimeter. also when i arrived early today, you could see the fire, a line of it about 30 or 40 yards long advancing towards the library. two water drops literally stopped it. with these extreme santa ana conditions right now, that means sustained winds over 40 miles-per-hour, humidity under 10%. over the last 48 hours that's how long it is supposed to last, forcing the evacuation of thousands. >> it's not always the wind. our low relative humidities, the drought we have suffered in southern california are -- our warm dry air mass that's over the area right now. can easily outpace to the fire

crews responding. >> the second fire started over there. i want you to quickly see, this is a dc 10, they had a spotter aircraft in front of it, leading it down into these neighborhoods. i have seen two dc 10s working this fire. you will see the retardant in a few seconds going down several hundred feet to drop the retardant. there it goes. david: wow. >> we should have these winds till tomorrow, about 6:00 p.m. back to you. david: okay. well all the best to you. please stay safe. william la jeunesse, thank you very much. there have been a number of natural and man made disasters that have recently led to more californians moving out of the state. could this fire lead to an increase in the california exodus? zack? >> i know california bashing is a local sport, but i think the reality is unless the area itself is economically hurting before the disaster, new orleans, puerto rico were both hit by terrible hurricanes, led

to drainage of population because those areas were already under duress. houston hit by a massive hurricane, not at all, once the natural disaster passed the economy re-picked up. where these areas are in california have been incredibly vibrant, i think that will continue. david: we have had a lot of news. we have to move on. let's see what's coming up on evening edit tonight >> great to see you. 2020 democrat joe biden now says, quote, he basically is saying that he wished he raise a republican so the republican could make some money. we also have impeachment on a crash collision course with the 2020 democrats primaries coming up with the criminal probe of the russia probe and also the house impeachment track has a credibility problem. all those stories tonight, david. david: we will be watching, liz, thank you very much. the ncaa flipping its long held stance on letting its players get paid, but not everyone is on board. we're going to break down what critics are saying, coming next.

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david: the ncaa reversing a longstanding controversial rule that prevented players from being compensated for their endorsements, images, likenesses, a whole bunch of stuff, but now it is allowing college athletes to be compensated both by their scholarships and their endorsements. and that led senator richard burr to tweet this out in response. quote, if college athletes are going to make more money off their likenesses, while in school, their scholarships should be treated like income. i'm going to be introducing legislation that subjects scholarships given athletes who choose to cash in to income taxes. so does this make any sense? >> well, david, it is an interesting notion because a lot of the kids that are going to

school on scholarships aren't taking the scholarships for the education, you know what i mean? they are going there to raise their athletic prowess and get drafted in the professional league for which they are trying to get to. when you are saying taking away the scholarship or treating it as income, i much prefer the way the ncaa is feeling the pressure of rewarding these kids for some portion of the money that the schools are making off them because frankly the schools have been making away like bandits and the kids have been suffering at the schools having to stay longer, etc., getting injure. that will hopefully clear that up. >> i have a lot of bad words for the senator that i'm not allowed to say on this program, the reality is anything that you earn based on your name and likeness is going to be income and will be taxed but to start taxing the scholarships? i mean imagine if you are somebody who got, you know, perfect score on the sat, you got an academic scholarship and then you're an instagram influencer, you are not getting your scholarship taxed. there are plenty of college kids who make money off their name

and likeness in other ways. why are they going after the athletes? why do they have the vendetta against them? >> good point when you are in college in terms of scholarship you are still allowed to earn money on the side and not have the scholarship tax. this is antiathleticism. minor leagues in baseball pay their players. in basketball and football, they don't. they have to take in kind income. and i'm sure most of these kids would love to get some money on the side knowing full well the odds of them making it big in professional sports is zilch. >> it is a stupid tweet either he's suggesting you tax the tuition portion of the scholarship which opens up a whole other can of worms. he's suggesting you tax the stipend portion of the scholarship none of them are getting that that would qualify for it they would all be below the threshold to get the income tax credit. the reality is these colleges have been making so much money, literally billions of dollars. david: ncaa is a billion dollars

organization. i'm going to push back a little bit. if i'm an athlete getting millions of dollars, can some of these gamers by the way are saying they want to pay these guys a lot of money, if i'm getting a million dollars, why do i deserve a scholarship? it could go to some poor person, carol. >> for the same reason what if i had a great academic scholarship an come from a wealthy family? you're not going to penalize me, are you? david: yes i am. >> shame on you, david. [laughter] david: former president obama's wake-up call, even some republicans are agreeing with him. here's a taste. >> this idea of purity and you're never compromised and you're always politically and all that stuff, you should get over that quickly. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.

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>> there is this sense sometimes of the way of me making change

is to be as judgmental as possible about other people. and that's enough. like if i tweet or hashtag about how you didn't do something right or used the word -- wrong verb or then i can sit back and feel pretty good about myself because man i called you out. that's not activism. that's not bringing about change. david: former president obama taking shots at the so called woke movement at an obama foundation summit in chicago yesterday. some republicans actually came out in agreement with him calling him a quote voice of reason what does it say about our society that the most progressive president in history is now perceived as a moderate? >> antifree speechers, the extremists this is a turning point. restrictions of free speech. president obama is in a movie called no safe spaces, great movie, just came out, plays a prominent role there. i think the true free speech

movement is alive again and i'm delighted i can agree with barack obama. david: scott? >> david, look everybody eventually comes around to the right ideas here. you have to give him some props i guess kind of coinciding with the messaging there that we're seeing as steve mentioned. i'm all for it. >> i hope he doesn't get cancelled after this because people don't like when people come out like this. >> cancel. >> i want to say i really appreciate his leadership on this issue. a lot of people look up to him as a role model. this has gotten way out of hand so to have him come out and be so direct about it i think is a fantastic thing. way to go barack obama. >> to end with our chicago-centered show, i think everyone should go and look at what the president of the university of chicago wrote about a year ago defending the university, defending free speech, saying look, we are a place to engage debate and challenge, not a place to make you feel safe, and that is exactly what we should do. it is good that president obama reinforced that. david: i agree. >> amen.

david: amen, and as steve said, i think -- chappelle, now one of the comedians has come out and said he's not for any of the pc stuff. a lot of people are turning the tide on this issue. that does it for bulls & bears. thanks for watching. see you back here next time. elizabeth: consumers are feeling pretty good about the economy helping to drive third quarter gdp growth. job growth picked up as well. tonight the wildcard, president trump has yet to play that could pop gdp growth higher and bring back business investment. business investment is waiting on the side line. the fed did cut rates again. also how the stock market could boom in 2020. as we've got the next big bubble about to burst that no one saw coming. it's the same bubble that burst in november 2016. it's a 2020 democrats and their big government progressive agenda. critics warn it will burst all over the u.s. economy, cost taxpayers trillions of dollars and jobs. tonight, we will show you the