melissa: how much money do you spend on this dog? there we go. connell, you have nothing? connell: my children aren't allowed to celebrate halloween. melissa: bulls & bears starts now. david: the market finishing down 140 points after diving more than 200 at one point. the president tweeting it is the quote impeachment hoax that's hurting the market as the house makes a crucial vote on the official rules in the impeachment inquiry. we will have more on that in a live report from capitol hill in a moment. meanwhile stocks also hit by weak manufacturing data, new doubts about a long-term trade deal with china. after some very harsh words from secretary of state mike pompeo last night. hi everybody this is bulls & bears. i'm david asman. joining me today jonathan hoenig, liz peek, gary kaltbaum

and zachary karabell. secretary pompeo saying the u.s. must confront the country's communist party. listen. >> the chinese communist party offering its people and the world an entirely different model of governance. it is one in which a party rules and everyone must think and act according to the will of the communist police. that's not a future they want. -- that's not a future that i want. i think it is not a future that anyone in this room wants. it is not a future that other democrats want. it is not a future that the people of china, the freedom-loving people of china everywhere don't want this model. david: let's bring in china analyst gordon chang. gordon, the president is still confident that we're going the to get a deal. -- we're going to get a deal. liz and i were at that speech last night. we were shocked. he went the whole distance with that speech coming down on china every bit as hard as you have, and yet the president still thinks we can get a deal. is that possible with this rhetoric? >> you can maybe have that phase one trade deal that everyone's

been talking about, which is not that substantial, but you can't have a comprehensive deal because xi jinping the chinese ruler is going back to a model of the economy, going back to a totalitarian society. that's just not possible. i think long-term we're going to have trade friction with china. >> president xi jinping talked more aggressively sort of in response and made it sound -- and sort of badmouthed president trump for being impulsive and so the chinese didn't really trust him to do a long-term deal. the question is, sometimes in advance of these meetings, there is this kind of turbulence, and then it turns out it is all sort of play acting and then they actually do sign a deal. do you think that's what's happening here? the speech last night was pretty shocking. we were all looking at each other like my gosh. david: we were elbowing each other. >> -- a new approach by the u.s. government, how do you read it gordon? >> i don't see this as just sort of negotiation before a deal. what we're having right now is a

realization in this country and elsewhere that we've got fundamental differences with china. and you know, secretary pompeo's words were tough, but they are not nearly as tough as what the chinese have been saying about us. in may of this year, the most authoritarian publication in china they came out with a piece that says look we're in people's war with the united states, quote unquote. last year they injured our military pilots and diplomats. this is going in a very dangerous direction. >> it's time we stood up to them. >> it is time we have to. otherwise we're going to have to do something. david talked about the statement that we saw from pompeo saying the communist party demands obedience from everyone. it is not just everyone in china they demand obedience from. they demand that from us. we saw that in the nba saga. >> i think that's an outlandish claim. we don't criticize other human

rights policies with nearly the same vigor, or erdogan and turkey. there was a period of time in the cold war where we were fully capable of working because it suited our interests with countries and people we sometimes considered allies whose systems we fundamental, morally disagreed with and even abhorred. the idea we can't do that with china i find absolutely mind boggling in that we are doing it with multiple countries around the world. this is not a defense of the chinese system, nor do we need to, but we can be mature and recognize we don't rule the world and we can't change every country. >> we don't think we rule the world. but xi jinping does because he's been dropping hints for more than a decade that china's the world's only sovereign state. he's becoming more explicit about that. if you want to be a subject to xi jinping, be my guest, but i don't think pompeo wants to. >> that's not a rebuttal if i want to be a subject to xi jinping because i'm saying we should deal with china the way we deal with egypt, saudi arabia, hungary. >> those are fundamentally different countries than china. >> every country is a

fundamentally country than another country. >> gordon, gary kaltbaum here. hong kong is now going into recession. tourism is just heading south big-time. and i don't care what china says, i believe china is in a recession now. they came out with a horrible pmi number today on top of a bunch of other things. would they go so far to keep not getting a deal done that would help them out, would they go so far to just take themselves south and more and more south and more trouble for their economy just in spite to show that they are bigger than us or more authoritarian than us? is that their goal? >> gary, that's an important question you asked. the reason is that xi jinping has politics of his own. we saw this in april and may when they rejected a deal with us, and they had actually made the concessions across the board, that they had agreed to, and, you know, they eventually ended up not doing that. the reason is, xi jinping could

not get agreement from the other stake holders in the communist party, especially the leaders of the state enterprises. there's a lot of politics in our country, and we focus in on that, but the politics in china are much more intense, and we saw that with this that just ended a few hours ago. it is possible they walk away from a deal even though it is not in their interest to do that >> gordon, you listen to pompeo, it sounds as if the president's perspective here is to somehow try to make china a communist country not communist. is that the purpose of trade war? david: not a bad goal. >> it was about the trade deficit. then it was about american jobs. the president keeps making excuses, keeps moving the goal posts. think he doesn't want a trade deal. he wants an enemy they are than a trade deal and the tariffs which of course americans are paying, he says the chinese are paying, tariffs to pay off favored constituencies like farmers. does the president really want a

trade deal? >> i think the president probably does want a trade deal because he's been working very hard to do that. i don't think he should want that trade deal for a number of reasons, but he's worked to try to develop this relationship with xi jinping and others, so yeah, i think that is in fact his goal. david: you know, there's one thing that we didn't mention about what mike pompeo said last night, he said many times, i think liz can attest to this -- that the united states does back the chinese people against the chinese government. and we had very much the same attitude towards the soviet union, time and again, during the reagan administration, which i'm one of the only people here old enough to remember. president reagan went out of his way to compliment the russian people, say their history is rich, they can come out of this decades long nightmare of communism. i think it is that kind of turn that president trump is now making in our relations with china. i think that's a very positive thing. >> yeah, it is a very positive thing, and we can get along with the chinese people.

we have before communism. we thought the monstrosity was sort of the aberration. then we said oh, okay, he was normal. we can get along with those guys. xi jinping is taking them back, not only total control of the chinese people but also aggression towards neighbors in the united states. that's normal in communism. that's the inherent nature of that system. tough go back to reagan because -- you have to go back to reagan because he had it right. david: if trump is using the reagan model, we should remember how that ended. that ended with us winning the cold war eventually. it wasn't under reagan but under his successor. gordon, thank you very much. david: the house of representatives taking its biggest step yet towards impeaching president trump. what does it mean? >> they have another weeks full of hearings behind closed doors and they schedule another week's full of hearings behind closed doors. if this is about transparency, then open it up. ♪ (dramatic orchestra)

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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> on this vote the yeas are 232. the nays are 196. the resolution is adopted without objection the motion to reconsider is laid upon the table. david: house speaker pelosi announcing the house passing a resolution on the rules for the house impeachment inquiry. there was not one republican who voted in favor of the measure and two democrats joined with republicans. both parties squaring off on this very highly partisan event earlier today. listen. >> the speaker should follow her own words on what bipartisan vote on that floor and in the sham that has been putting this country through this nightmare. >> it's about the truth and it is about the constitution, and we're working hard to defend our

democracy. >> it is a sad day, it really is for this country. what the democrats have put our nation through. >> when a president refuses to defend the constitution, and does so for the purpose of advancing a personal or political agenda, the founders provided the remedy. david: here now is fox news senior capitol hill producer, who must be bored to death because there's really nothing going on inside the beltway. >> can i go home and go trick-or-treating? can i do that right now? david: absolutely. but first you have to answer a couple questions from our panel. what happens now? >> well, you know, the depositions continue. there's none tomorrow, but they have four scheduled on monday, mostly nfc officials, aides, mick mulvaney the acting white house chief of staff, but in the next few weeks they will wrap up the closed door depositions. then they will send out the transcripts which will be key because we get to see for the

first time what was said in the closed sessions. there could be open hearings for the house intelligence committee. i will underscore that, the house intelligence committee, if you look at the way the resolution is crafted, it gives great deference to that panel, and then maybe hearings before the house judiciary committee but ultimate the house judiciary committee would be the panel that would write perspective articles of impeachment if it gets to that stage. the interesting thing here it doesn't establish a time line. that's where some people thought we could have maybe a senate trial by thanksgiving. i don't see any path that they would finish the interviews by the middle of november, get to open hearings late november, maybe december, and there's almost no way that they could, you know, prep articles of impeachment before christmastime. that's a very similar time line to what we saw in 98 when they impeached president clinton. the articles of impeachment were debated and voted upon on the house floor a couple of days before christmas. david? >> chad, this is gary kaltbaum, as usual, great reporting by

you. is there a feeling that there's a lot of democrats right now in the house taking big gulps as they go through this inquiry and the votes and all that because all i know is they have the house right now and there's something called november 3rd next year, and there's a fine line between how many elections of different districts that trump won what's your feelings on that? >> well, that's why there was some consternation among moderate democrats when the house speaker who for weeks had said we don't need a vote to codify this investigation. deciding earlier in the week kind of backtracking said yes they. do those moderate democrats thought they had put out the fire. there was kind of a controversy when some of the reporters, the house speaker pelosi said to steny hoyer we called it an impeachment resolution. they said it is not an impeachment resolution. wait may not, what should we call is it? they were concerned because they

thought the public would conflate it that way. all but two house democrats voted for this, so they must feel this is the right thing to do, but some democrats gloisare little squeamish about it. a freshman democrat from new jersey flipped that district from red to blue, and he's been skeptical of the process the entire time, he voted against it. and peterson, a fascinating statistic, when they voted to impanel the impeachment inquiry in 1998, regarding president clinton, there were only two democrats remaining in the house who voted for that, ron kind of wisconsin and colin peterson. peterson voted for that back in 98. he voted no today. >> i've been following your social media. you are on the inside and giving your followers great insight

into this whole process. it looks like this is going to happen, tonline futures market -- on-line futures market has the on-line impeachment odds at 81%. i think this could be ironically good for president trump. clinton's highest rating was in the first quarter, during the impeachment trial in d.c. even if the president gets impeached, could this benefit his job approval rating with voters? >> i think it is an interesting question. the republicans have done a good job of casting this entire inquiry so far as being somewhat below board, not very transparent, and in fact, the way they worded this resolution, some of those concerns remain, and the republicans are not allowed to invite anybody they want to be questioned, etc. i think another interesting question is, and i'd be interested in chad's view on this, so we get this time line, and then all of a sudden if it

goes to the senate for trial, how is that going to work for all these senators on the democratic side who are trying to run for office? i mean, you've got booker and warren and sanders, etc., all of them kamala harris, etc., they are going to be sitting in the senate day after day listening to a trial instead of campaigning in iowa. >> it depends when that process starts. you know, just a couple of weeks ago, the senate majority leader mcconnell thought the trial would be between thanksgiving and christmas. you know, that's a stretch to think that would be the time line at this stage. and you know what's very interesting, if you look at the precedent, nothing says that you absolutely unequivocally have to be there if youre a united states senator. there's not been a conversation between mitch mcconnell and chuck schumer about, you know, negotiating an agreement on how they would conduct the senate trial. that happened in 1998, with trent lott, the majority leader and tom daschle from south dakota, the minority leader. i saw trent lott the other day at the capitol and we were talking about that concept.

you don't know if those senators may not be here, and that poses a very interesting question. two thirds is the vote, but it doesn't mean 67. so if you have senators who would be absent, it actually lowers the threshold because it's an unqualified two thirds. >> it seems to me that the politics of this are shaping up much like the politics of trump's reelection in general, in that you have huge numbers of democrats nationally supporting impeachment and removal. a majority of independents and almost no republicans, and when you start looking at those kind of battleground areas, wisconsin districts, michigan districts, pennsylvania, you have the same sort of, you know, low 40s approval rating of the president and about there and maybe a little bit higher for impeachment. so i think we should all just wait and see what public attitudes are when this testimony is public because otherwise we're just speculating about a pretty static situation. david: we are all going to wait and see. no doubt about that. chad, i know you would love to jump in. we've run out of time >> i'm going to go

trick-or-treating. [laughter] david: we are all going to wait and see eventually. no doubt about that. coming up, a stunning admission, elizabeth warren revealing the number of people who would lose their jobs under medicare for all. wait till you hear this. that's next. of a different kind. adp helps canyon ranch place the right people in the right jobs, so employees like dave can achieve what they're working for.

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david: the cost of doing business at least politically, 2020 hopeful warren admitting that millions would lose their jobs under medicare for all. listen. >> an economist at the university of massachusetts told kaiser health news earlier this year that that could result in about 2 million jobs lost. he said those would be mostly administrative positions and insurers, doctor's offices. >> i agree. i think this is part of the cost issue and should be part of a cost plan. david: wow, so liz, is there any

cost too high for elizabeth warren? >> no, but i don't think it's a serious proposal. i mean, so far we really haven't assessed how she's going to pay for it. now she doesn't mind what impact it has on the industries that could be demolished by this. 2 million is probably an extremely conservative notion. it doesn't take into account what damage could be done to the economy for moving towards a program which would require taxes across the board and a huge increase in corporate taxes. so this is -- i mean, it's pie in the sky as john delaney said. i think voters are catching on to that. >> in time, it is likely that this will become medicare for all who want it and not what it's being currently portrayed as which is we're just going to socialize the entire medical system. so it's a campaign. there's a base that loves this rhetoric, and you know, loves this idea in a world that does not exist that everybody wishes

would, but -- david: not everyone. >> no, in that base. >> they wish it would and they don't care what is destroyed in the process of bringing it about, whether it's high taxes, whether it's the loss of jobs, or and david what i'm most concerned about is the loss of the medical industry itself. what elizabeth warren does not understand is that healthcare doesn't exist like a tree that grows in the forest. it has to be produced. medicare doesn't pay doctors now. they get underpaid. so when you have medicare for all, medicaid for all, who is going to pay these doctors? you are going to have the same thing as you have with the national health system in europe and u.k. massive absences of doctors, shortages of doctors and the u.k. alone right now 11,000 doctor positions unfilled. that's where the rationing comes in. that's what we get if elizabeth warren has her say. >> do you realize how many times the trump campaign is going to run that video that you just played, about several billion times, and here's the amazing part about this, they are coming

to us with, what, 30 trillion dollars, whatever the heck it is over ten years. double it. triple it. when is government ever come up with a number that is not much higher when all is said and done? the other part of the equation which i talk about a lot, they do this in the u.k., and guess what there's six month waits for surgery because when you basically tax people for all this, but then say co-pay, deductible premiums, you have nothing, people are going to go every doctor and emergency room for a cold and that's when you end up with wait times and shortages. >> can i also interject, this is kind of a disheartening throwback to the obama years where obama never really focused on job creation. it was sort of like that was sort of an interesting byproduct of maybe starting the economy growing again. you know, fed chair jay powell yesterday reaffirmed the fact that it is a full employment

economy and a strong jobs market that is infiltrating every neighborhood in this country, every group of americans live better, earn more. and indifference to that on the part of elizabeth warren upsets me. david: the quality of healthcare would go down with socialized medicine, but face it, the election had a lot to do with healthcare. that's the election the democrats won in 2018. without a clear coherent medical plan, i know the president has put something out there, but something that voters can put on a bumper sticker or put in their mind on a bumper sticker, i think democrats still have a rhetorical advantage in terms of healthcare. no? >> remember what happened that first year of trump's presidency, where they wanted to repeal obama care with no actual plan to replace it. there was actually a bill in the house to repeal it and then give the congress two years to figure

out -- david: remember, there was a bill taken to the senate and it lost by one vote. >> there was a subsequent one to repeal without any replacement. >> and david, we have a congressman and senator on this show republicans over and over and over again and they say no, get government out of healthcare, but don't touch our medicare, don't touch our medicaid. so they have a mixed message. that's why they are losing on this issue. they will continue to lose on this issue until they get their act together. >> i would argue jonathan -- >> led me add one thing here. -- let me add one thing here. >> yeah, yeah. >> did you hear how flippant elizabeth warren was? oh, 2 million jobs? do you know how important a job is to anybody around the world, to be able to go to work and earn for their family and move up in life? oh, 2 million, that's just the cost -- that's going to play over and over again. you know what? it also tells you about her, that at all costs, we don't care what it is, and again it is going to play over and over

again, if she does win the primary. david: we have to leave it at that. police firing tear gas at protesters in hong kong. tensions escalating as demonstrators defy that city's ban on masks for halloween. new concerns that china, the communist government there, may crack down even harder than they have. florida senator rick scott introducing new legislation today condemning the communist chinese government and calling for sanctions against them. he joins us with details, coming next. does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. (thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums

david: stand off between police and protesters turning violent in hong kong. the five-month turmoil taking its toll on one of the world's largest financial capitals now officially falling into a recession, for the first time in a decade, but there may be hope for the freedom fighters. today three republican united states senators put forth new legislation against china's actions in hong kong. florida senator rick scott is one of them, and he joins us now. senator, thanks for coming in. i applaud you for this, senator. your heart goes out to these people and all those fighting for freedom in hong kong. it just seems that the chinese communist government is hellbent do to do anything they want to

put down dissent. >> it is communist china. they are not our friend. they have become our adversary and they are an adversary of citizens of hong kong. the citizens in on congress were promised 94 and 97, when it was turned over to communist china. my bill says if you are taking away the rights of hong kong citizens whether you're in hong kong or mainland china, we are going to sanction you. we have got as americans to stand up for the base k rights of hong kong sit sens -- basic rights for hong kong citizens. i went over there. i met with leaders. it is disgusting to see what the president xi is doing to take away their rights. >> it would be easier for some of us to support some of these endeavors wholeheartedly if there was a feeling that the principle supporting human rights was global and that you were standing up for multiple countries and multiple citizens

in multiple countries, like in egypt, saudi arabia, where there are egregious human rights abuses, but for reasons of politics and our own strategic interests, we don't make a huge deal out of it, although we absolutely could. why are you not applying similar principles globally? >> sure. well, i've been up here ten months, and the first place i really put a lot of effort into was venezuela. what maduro is doing down there, committing genocide against his citizens. i have been down to the border, met with families. they can't get food, water medicines, things like that. millions of people have fled venezuela, but we have legislation that says we can sanction people, take away human rights, we have the act, but right now whey'm focused on is hong kong -- what i'm focused on is hong kong and what china is doing. china don't allow us to sell

products, violation of the wto. they steal our technology. they have a million people in prison because of their religion. they're helping maduro commit genocide in venezuela. president xi, the leadership communist china is not -- >> senator, so let me ask you, thank you for being with us, is the president helping or hurting when he refers to president xi as his friend? is he kind of playing good cop to your bad cop in this situation, and is he helping or hurting the plight of protesters in hong kong, sir? >> well, look, i think the president would like to get a trade deal done with communist china. i know i was talking to the president today and to vice president pence today. vice president pence spoke about hong kong last week. they know that this is bigger than a trade deal. i know i think everybody's optimistic that something good would happen with communist china i'm not very optimistic right now. if we're going to do a trade deal with communist chinchina,

we need to enforce it, whether it's liquidated damage clauses, it is some way we can enforce that they are going to do their job. quit being a human rights violator. quit being the world's worst polluter. let people out of prison that are there just because of their religion, on top of the trade issues >> it is not going to happen, senator. you know that. >> can i ask a different question? i saw a headline from one of the british papers saying that britain was basically telling the demonstrators to kind of be quiet and go home, also asking the police in hong kong to kind of ratchet it down a notch. i guess the question to you, are our allies on board with this? in particular the british who obviously have much more at stake here than most foreign countries? >> i think most people would like the protests to be peaceful. unfortunately, the hong kong government has said that all protests basically are illegal. they are not allowing people to

do peaceful protests and that's actually a given right in their basic rights there, like a right to a lawyer, which they are not providing. so i think all of us would like the protests to be peaceful. unfortunately, you know -- you think about what the police are doing over there. in a peaceful protest, they are taking tear gas canisters and they are about this big and they are metal and shooting them down at the protesters who are just peacefully protesting. they shooting rubber discs at people at close range along with bean bags that hurt these protesters. so the hong kong police are being very very violent, and the hong kong authorities will not do an independent investigation of the police because they know the truth. the truth is the police are doing the wrong things. david: senator, we wish we had more time. i know it's a long shot, but we do wish you -- i mean, if you're successful, that could be nothing but good for the united states and for the world as a whole. thank you very much for being here, senator. appreciate it. >> thank you. david: twitter and facebook ceos facing off over a key policy. who wins?

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david: twitter ceo jack dorsey throwing down the gauntlet announcing a ban we reported on last night on all political ads on his platform, a direct dig at facebook whose ceo mark zuckerberg went on defense during his earnings call last night saying quote although i have considered whether we should not carry political ads in the past, and i will continue to do so, on balance, so far, i thought we should continue. zuckerberg is also having to contend with hundreds of his own employees who are now calling for the company to stop running these ads unchecked. but with twitter out of the game, does it make good business sense for facebook to continue? gary? >> i'd stay in. you know, here's what they keep telling us, we don't want to do these ads because the political ads are not correct, and they're lying. i got news for you, we've been watching ads for the last couple

of decades about grandma being thrown off the cliff or we're going to take money or food off the table of children or all of the city is going to be in the water soon because of climate change. we're getting these political ads from both sides for the last 20 years, so all of a sudden they are upset about them? i would just do them. i'm hoping zuckerberg stays with them. >> this is the market at work. this will play out with all of us, both in terms of the trust and usability of these sites. as you pointed out, david, the bottom line, twitter's stock initially sold off sharply on the news but came all the way back. it shows you these big businesses, big tech companies, it is like if they are dammed if they do, dammed if they don't. if they do censure speech, then they are dammed. if they don't, then they are

dammed. >> twitter wasn't gaining appreciable ad revenue from political ads. it was very easy for them to do so. as many people pointed out, you can kind of game the twitter system by promoting tweets, which technically don't fall into the ad category, meaning, there are ways to promote political advertisements on twitter without them being called advertisements. so a lot of this really is kind of a silicon valley jack dorsey the ceo of twitter positioning himself against mark zuckerberg, the ceo of facebook, more than, you know, it is this grand statement of principle on one side versus the other. david: let's put some figures on the table here. there's 3.3 billion dollars worth of social media political ads estimated to be this year. 3.3 billion dollars. twitter is leaving a lot of that money on the table. >> except, i think as zack said maybe twitter doesn't have their fair share of it is an overworked expression. my view is any politician putting out any ads, half the people are going agree with it

half the people aren't. who st s the arbiter of that? i think it is ridiculous. zuckerberg is not going to decide whether hilary clinton is telling the truth versus donald trump. that's for voters to decide >> if tom steyer has demonstrated anything david there's no correlation between the amount of money spent on ads and your ranking in the polls. >> amen. david: there's another factor here which is that jared kushner used a lot of campaign money back in 2016 on facebook and used it to great effect. he was able to get certain demo groups, specific groups and figured out which ads would work best for them. he was on the cover of forbes for doing that. doesn't that show if you use it properly, social media can be a great political tool. >> of course, and i have to tell you, in twitter's case, it just feels like they think too much and they're trying to please too many people and too many factions. just be yourself. just do your business. if you're an open source place,

people want to run ads, let them. let the people choose. we're not stupid here. we can tell if somebody is lying or somebody is telling the truth. we can always check them out. i check out the fact checkers. that's what a lot of us do. i don't understand twitter's move behind this, whether it's a dla dollar or a billion dollars, they should have kept the political ads up. david: last word. let's see what's coming up on evening edit tonight with elizabeth macdonald. >> i love your kitchen table fighting over there. david: thank you. >> as democrats now try to get the president on obstruction after formalizing their inquiry, does that resolution authorize a fishing expedition beyond the ukraine phone call? we've got one of the sharpest minds joining us with the answers, how trump can possibly fight back. we will take you to the supreme court. trump supporters believe democrats and the media have been railroading trump towards an impeachment even before he was elected, and you won't believe what's happening in california. it's not just wildfires, two new

ones, and wildfire now threatening the heavily populated inland empire, we have a fight breaking out between jerry brown who says blood is on the souls of trump and the republicans. he's trying to blame them for the california chaos. elected officials are saying to jerry brown, get real, it is your liberal policies that are to blame. david: jerry brown, i thought we had heard the last of him. i guess not. liz, thank you very much. talking about those wildfires, we're going to be talking about that next and take you there live. stay tuned. [ sigh ] not gonna happen.

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and that's where we find susan lee. susan, what is the scene like today? >> well, as you see, the devastation can be seen and can be felt by those that have lost a lot more than just their structures. take a look at this -- by the way, the steel roof that i'm pointing to here, this is part of the soda rock winery, and the owners tell me it is that collapse, you can imagine the intensity of the flames that swept across in the kincaid fire. i spoke to the winery owner. here's what she had to say about the wine. >> we've got probably 25 tons of wine and it burnt like right up to that line. >> yeah, so we do know california of course is a mass producer of wine, 80% of the wine that's drunk in america comes from the state of california. in fact, it is the world's fourth largest global producer. 40 billion dollars in wine sales

each and every year, 1 1/2 billion dollars o that goes outside of america. but also wine tourists, a lot of tourists come to sonoma county and napa. that brings 4 to 7 billion dollars of revenue each and every year. they haven't recovered 100% from the devastating 2017 fires which tragically claimed over 40 lives. this time around, since they are not back to 100% since 2017 people are very concerned in that industry that we may not get back to where we were a few years ago. david: do the folks there plan to rebuild? >> absolutely. we had the winery owners here along with a lot of the estate representatives and also assemblymen as well. they are hoping rebuild, rebuild quickly since we know a lot of people depend on this wine industry in this particular region for their livelihood. david: good for them, susan, thank you very much. liz, you know, a lot of people are wondering whether forestry management, the fact that there

are rules, various rules in california, you are not allowed to burn a lot of the underbrush in order to prevent something like this because they have so many environmental law about burning, etc., whether that had something to do with it. right now it looks like pg&e is enemy number one in california. eventually i wonder if it will move to the government. >> like everything in california, it comes down to people protesting environmental problems and as a result, they have rules and regulations on clearing underbrush, burning trees, etc. there are 18 million trees that have died in the last five years due to drought and some sort of beetle that's killed them and no one is doing anything about it. i'd like to ask susan, you know, are people outraged at all at their own legislators, or is it just all, you know, gosh, we think it is climate change because it is not. david: zack? >> there's a huge human element in it. the whole point of climate change is human beings will continue to do what they do, they want houses, live in

certain places, all of these tendencies where there might have been more room for error before gets magnified by the intensity of heat, winds, some of them which has gone on forever but some has been magnified. david: and the intensity of overregulation. you can't rule that out. the scariest day of the year is here. halloween spending is expected to reach another record amount. how much do our panelists spend on the holiday? we have that and their most ridiculous costumes of all time. you don't want to miss this. stay tuned. than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity.

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♪ david: nice graphic, halloween spending estimated to reach nearly 9 billion bucks this year, that 86 dollars a shopper,

top halloween costumes for kids a princess, superhero or spider-man. adults, witch, vampire or superhero. but what about our pa panel? jonathan? the capitalist pig, i get it. what is it about halloween so much fun, a great opportunity, i think my greatest is to chow down on candy, but better than pig, i went to neil cavuto dressed as a member of insane clown posse. >> silliest, going to a party in a gold dress, not saying a word the entire evening. silence is golden. >> we have a picture and your

grandson. >> he is a lobster. >> all of my good costumes are care of my wife who is an artist, me attempts be a person of a dead bob marley. david: that works out pretty well. because gary does not have a picture he brought, but he has something to share. one of my own, i was 6 years old, i have to pr preface, thats me on the right, i did not aspire to be fidel castro, my parents thought it would be cute to have my sister to the left. and he the communist guy. what is iron, i covered latin american, gary. >> i dressed as grim ripper my whole life, today i wanted to commemorate washington d.c. and politicians, i think of them, here we go.

david: a clown costume. >> i like it. david: that fits it. david: i like capitalist pig, thank you, happy halloween, we'll see you next time. elizabeth: to the house formalizing impeachment infiery, nancy pelosi claims it will eliminate any doubt about whether administration can block witnesses, with hole documents r ignore subpoenas, tonight, will democrats try to get the president on obstruction. does republicans say this is a case of a sham. because democrats cannot beat the president at the