seen some turn. [closing bell rings] maybe a little cash on hand is good idea. liz: tasted, thanks for joining us. 293 points to the upside. happy november. green on the screen. melissa: starting the month strong, all three major averages end the day green in better than expected october jobs report. the dow ending up, look at that. we'll get a nice, well, i see one thing says 300. one thing says 280 there. we'll reconcile those. whatever it is. it is a good day. we're shy of the record close i think. i'm melissa francis. we'll sort this out. connell: until we do, we sort things out. >> there is 300. connell: big board at exchange says 300. we have a new record close for the s&p 500. that we know. 16th of the year. and record close for nasdaq. 11th of the year for the nasdaq on the record side.

this hour president trump leaves the white house, making way a campaign rally in mississippi. we'll bring you the president's comment if he makes any. stop to speak to reporters on the south lawn. melissa: what are odds he passes up that opportunity? connell: pretty low. melissa: fox business deem coverage. blake burman live at white house. gerri willis on the floor of the new york stock exchange. edward lawrence in d.c. why don't you kick it off. reporter: let's do that. the number of jobs created beat expectations. 128,000 jobs in october. the unemployment rate still near a 50-year low, 3.6. that is exactly what the market wanted to hear in conjunction with the chinese trade talks phase one moving nicely. revisions are story in itself. job totals for august, september were revised up. total of 95,000 jobs. that shows continued strength in the foundation of the economy. then wage growth. wages are growing at 3% offer the past 12 months. that number low enough where

there is no pressure on inflation. white house economic advisors taking a victory lap based on this report. >> it shows, by the by, that the labor market is still strong, consumers and wage earners are still strong. as i said, america is working. i think people are underestimating the underlying strength of this economy. reporter: the weakness here is in the manufacturing numbers. ism data came out, 48.3. that number under 50. any number under 50 is contraction. experts blame other countries around the world for doing much worse than the u.s. economically. the exports were basically flat. also large businesses in the u.s. have been reluctant to make fixed business investments because of trade uncertainty. those companies are sitting on piles of cash. once trade deals fall into place like chain phase one deal, ratification of usmca, those companies could start spending, giving another boost to the

economy. melissa. melissa: edward, thank you. here now michelle gerard, natwest markets managing director. give me your hot take on the jobs report. >> the hot take the president deserves to take a victory lap. this was healthy report, stronger than i expected with upward revisions but this is a good day for the labor market, good news for the consumer. melissa: yeah. what does it tell you, we've been thinking the economy is slowing down. everybody is worried about it. does it give you insight into that or change your mind? >> the thing i'm worried about when it comes to the economy is not the consumer or the labor market because we know that is holding up well. today even suggests there is more strength there than we appreciated. so that is great news but size, business sector, exactly, as was discussed. pullback on business side because of uncertainty, about trade, you know, the decline in

business investment. and what we had, worried about is some loosening up in the labor market, also maybe they pull back on hiring. to me that is a concern. we're seeing weakness on the business sector. strength on the consumer. what happens? does the business sector rebound which is a positive story as uncertainty is removed? if uncertainty lingers, does the consumer ultimately get undermined by weak business. that question wasn't resolved today. melissa: we're seeing headlines close to a deal with china principle. that is closer than it has been before. if you put two things together, you put the labor market hasn't reflected the perceived weakness in business investing. they were on pause for sure without question because we weren't sure how the trade war was going to be resolved. so it hasn't caught up in the labor market yet. we close the loop with china, start to see resolution, put those together, it could be stronger than we thought. >> it could be.

although i'm a little concerned that the uncertainty about trade in 2019 could get replaced by uncertainty about the election in 2020. i think a lot will depend too, on how the election shapes up, who will be the, who is going to be the democratic nominee. you know, if you have a candidate like elizabeth warren going against president trump, and companies are worried about the possible, you know, implications of a warren presidency. that makes them now sit and wait, you know, this is -- melissa: if managers are worry warts like that because they shouldn't be running companies. there is always a thing out there that is uncertain that could screw things up. that exists at all times? >> it certainly does but a wait-and-see attitude. it doesn't have to necessarily mean they're not willing to gained of continue but to really take the leg up, that we saw in 17, 18, when companies were so confident about the outlook and

they were investing strongly and hiring strongly. that set the stage for the strength we're seeing now in the consumer, i worry that cautious behavior, first about trade and then, potentially next year about the elections, may keep a lid on things. it is not recession, melissa. more subdued growth than we've seen. melissa: always brilliant michelle gerard. thank you. >> thank you. connell: all three major averages up more than 1% for the week. if you look at weekly numbers, it is very strong. gerri willis we settled with a more than 300 point gain on the dow. >> we love that. it was strong all day long largely on economic numbers. s&p registers a gain for the fourth straight week. nasdaq for fifth straight week. we're seeing very good numbers here. the bull market seems to be back on strong economic data. i have to tell you, even exxon, which registered profit and revenue fall from the previous quarter, higher today, this as

weaker global and oil gas prices offset production growth. the company reporting earnings per share of 75 cents per share compared to a 1.46 a year ago. alphabet google buying wearable fitness company fitbit for $2.1 billion. shares soaring today on the move. looking to capture consumers through devices other than smartphones. this is going to be a trend. we'll have to keep an eye on this one. for now we're seeing major moves in the indexes. a good day and week for the markets. back to you. connell: gerry thanks. melissa: you're welcome. we were talking about deal, no deal. china reach as agreement on principle on phase one, but our own blake burman is hearing a different story. blake joins us from the white house with more. what are you hearing? reporter: what we know there was a phone call between robert lighthizer, steve mnuchin and counterpart liu he and his associates from china and the u.s. trade representatives

office described the phone call as quote, constructive. this was part of a readout the u.s. provided afterward, quote, the negotiators achieve progress in a variety of areas and are in the process of resolving outstanding issues. the readout from china was a bit different. there was consensus in principle but one source i spoke with familiar with the elections, the readout from china, buyer beware. as the phone call, larry kudlow, the president's top economic advisor says that the deal, the phase one agreement is virtually completed as it relates to agriculture, financial services and currency manipulation but he also acknowledged that some of the thornier issues still need to be tackketted. >> enormous progress has been made on intellectual property theft issues. that was not completed. there is lots of progress.

forced transfer of technology. there is some progress. that will probably slip into phase two. reporter: melissa, there is outstanding question of where. if, start with if. if the phase one deal ends up getting to the point signed by president trump and president xi, where might that happen? that was supposed to happen at apec down in chile. larry kudlow acknowledged at least as of this morning they're still trying to figure out where the venue could potentially be. melissa? melissa: a lot of people volunteering. i heard folks in the bahamas volunteering. they need influx of business. so we'll see. blake, thank you. reporter: you got it. connell: proposing even more taxes. senator elizabeth warren releasing another plan today. this time even top democrats though are sounding the alarm over the price tag. melissa: plus high-taxed state exodus is leaving no one behind, not even the president. we're breaking down implications with steve forbes, forbes media chairman next. connell: i'm told the super bowl

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connell: to the release of 52 trillion-dollar plan from senator elizabeth warren, breaking down her long-awaited funding plan for "medicare for all" today, while still making major claim about the middle class that hillary vaughn is reporting on. joins us from washington. reporter: connell, elizabeth warren says she is keeping her pledge not to raise taxes but getting tax revenue from them, counting on 1.4 trillion revenue to pay for part of her "medicare for all" tab but she is raising taxes pretty much on everybody else. she came up with a long list of ways to come up with the extra cash. some of the ideas, $900 billion, 1.1% on financial transactions and fee on 40 biggest banks in merck. 1.6 trillion from a 35% corporate tax on foreign earnings for u.s. corporations. she is putting a 6% tax on net

worth above a billion dollars. will also change capital-gains taxes annually for the top one percent. those two changes will bring in billions of dollars, but joe biden is calling her bluff saying ultimately an increase in payroll taxes will be passed down to the working class saying this, the mathematical gymnastics in this plan are all geared towards hiding a simple truth from voters. it is impossible to pay for "medicare for all" without middle class tax increases. this afternoon elizabeth warren was caught off-guard by biden's blow. >> wow. the cost projections that we have on medicare were authenticated by president obama's head of medicare. reporter: warren is also getting money from unlikely places like the pentagon. warren wants to end the overseas contingency operations fund which she says will bring in just under $800 billion.

connell? connell: hillary, thanks. hillary vaughn in washington. melissa: here to react, steve forbes, forbes media chairman. steve looking at the plan. she tweets my plan won't raise taxes one penny on middle class families. i want to get her verbiage. $1.4 trillion in tax revenue, takes away your private insurance, so you don't get that deduction in your paycheck. so as a result, your taxes go up 1.4 trillion. that is everybody. whether you're middle class, you know, working last, lower class, upper class, whatever you want to call yourself you're in the group if you work. 2.9 trillion on taxing financial transactions. she is assuming that middle class people don't have a 401(k) or ira. they don't have any stocks whatsoever. 1.25 trillion small business tax. so small business owners, the average is 34,000 to 75,000. at least some of those people

are middle class. they will pay more taxes. what is she talking about, steve? >> for once i never thought it would happen, i agree with joe biden. it is preposterous her plan. would wreck the economy, hurt investment, hurt jobs. absolutely throw the health care system into convulsions takes away private insurance, to have the government run anything. the government runs things so well. why does she think it will be doing better? she campus plains about the defense department, how wasteful they are in procurement. why does she think they will do better with health care? president obama said you could keep your health insurance, keep your doctor. not. i think biden called her bluff. she will have to do a little more explaining that you just can't conjure this stuff out of thin air. the middle class has real resources in this country. they will get their pockets picked with this kind of a plan. melissa: do you think bernie sanders is laughing hysterically right now, he is the first to say middle class will pay for

it? she is doubling down on the idea that middle class taxes won't go up. of course they will. even, not even the right question because that won't even pay for it but she is sort of from a political sense, she is really doubling down on this idea i'm not going to raise taxes on the middle class. in her own plan you can see that she will. is this a political disaster or she keep talking through it? >> she will try to talk through it, in the next couple debates she will hit hard on it? where will businesses get money on it especially small businesses to pay for this stuff? they will take it away not paying people as much. the money has to come from somewhere. hurting economy you will get less resources created, less tax revenue created. we'll all be worse off for it. melissa: no doubt. stay for one second. i want to talk to but the escape from new york. president trump announcing he is leaving a the big apple becoming a permanent resident of florida.

jackie deangelis at trump tower in new york city with details. jackie, are people crying? reporter: that is exactly right, president trump declaring he will be a resident of florida, no longer of new york. trump tower behind me where he has lived since the 80s. he is not the only one leaving census bureau data showed 63,772 people left new york for florida last year. that there was exodus of the state to other states as well. 452,000 plus people just leaving the state in general. people do leave because income taxes in new york can be high. 9% could be the rate for top earners. of course in florida you're not paying any income tax. also there is an inheritance tax in new york. it can be anywhere three to 16% depending on the estate size. you don't have that in florida as well. what are the rules? well, if the president spends more than 184 days here in new york, he will have to pay taxes but right now, what we can see, president trump has spent 99 days at mar-a-lago compared

to 20 days at trump tower. that is according to the nbc news. and he is saying that he will spend the requisite time at mar-a-lago to be able to be a florida resident. now blue states they have been bleeding billionaires if you will. carl icahn announcing he will leave new york. david tepper, not so long ago leaving new jersey for florida. paul tudor jones leaving connecticut for florida. back to you. >> steve, i'm getting robbed. taxes higher than ever. services not so much. it is a giant ripoff. i work here, i'm not going anywhere. how about you, are you going to florida, steve forbes? >> unless you and fox are moving to florida i have to stay here, suffer, fight the good battle to get these people out who keep raising our taxes and driving people away. ultimately i think people will in new york and elsewhere wake up, and new jersey, saying this is, kind of behavior is absolutely destructiontive.

lose-lose, for everyone. florida, i love florida. i like to stay here as well. melissa: one thing if we were getting something for all that tax revenue. but we're being bled dry. >> you are absolutely right. florida budget is half of new york, even though florida has more people, people like living in florida. the services are fine in florida. new york spends twice as much. where does the money go? it ain't going to citizens of new york, i can tell you that. melissa: where is all the money going in all of these states? >> massive pension funds. a bloated medicaid system that doesn't work right. that spends a lot but didn't give right services to people of new york. you go up and down the line. waste, waste. everyone is hurt for it, except the political class which keeps doing the same thing. they say insanity doing the same thing over again, hoping it works. these guys should be in an insane asylum if they ever have those. melissa: now i'm thoroughly depressed. have a great weekend, my friend.

you want to be mayor? governor? connell: of new york? yeah, sure, i'll be mayor. why not. [laughter]. i don't known know it i could do that. nothing to be with mayor. war of words going back and forth between pretty big names. one from facebook. it is called out by another major player. mark zuckerberg is firing back at the major player. details coming up next. netflix, "the irishman" opening in select theaters today with a short run in theaters. some in hollywood are fuming about that. what it means for the future of the industry is coming up. ♪. one to one. edward jones. it's time for investing to feel individual.

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on the north lawn to before departing to joint base andrews. we'll monitor that. melissa: mark zuckerberg replying to aaron sorkin's fiery editorial about facebook using a quote from the american president about free speech. grady trimble has details about this one. reporter: mark zuckerberg has been under fire about his policy to allow political ads. he says its about supporting free speech. critics say it leads to the spread of disinformation and outright lies. one of those critics is aaron sorkin. if you don't know who sorkin is. you have probably seen some of his movies. the screenwriter behind the 2010 smash "the social network" about facebook. he penned open letter to mark zuckerberg in "the new york times." he attacks facebook use of political ads in the op-ed. you and i, zuckerberg, want speech protections to make sure

no one gets imprisoned or killed for writing something unpopular, not to insure lies have unfettered access to the american electorate. mark zuckerberg is fighting back defending his stance. zuckerberg didn't do so using his own words in a facebook post. instead he used sorkin's words from the 1995 film sorkin wrote, "the american president." here is the monologue from michael douglas. >> you want free speech. the man standing at center staged a advocating the top of his lungs that you would spend a lifetime opposing at the top of yours. reporter: facebook standing by the decision to allow political ads. twitter this week announced it would ban all political ads. one company that has flown under the radar in the discussion is google. seems like some lawmakers might start putting pressure on that social media and tech giant. back to you. connell: grady, reaction from our friend ford o'connell.

civic forum pac chairman, republican strategist. last seen at washington national as game standing next to me at the world series. anytime you can use someone's words against them you make an interesting argument. whose side what are you on, mr. zuckerberg or mr. sorkin? >> mark zuckerberg. i've been critical of mark zuckerberg's business practices but he is right. free speech is uniquely american principle. it needs to be protected at every turn. outside of incitement we should encourage more free speech, not less. aaron sorkin says we should censor speech we don't like. he has a very low opinion of american voters and their choices. connell: would make sure you're not putting stuff out that is not true, right? the thing he said in the op-ed i give him credit being funny, mark zuckerberg saying what you're saying, let the people decide, put the information out there. whatever it may be true or not

let the people decide and sorkin wrote about it. now you tell me, if i only known that i would have had the winkelvoss twins invent facebook instead of you. that was his argument. >> that was a low blow to mark zuckerberg. in response to aaron sorkin's one person's truth is another person's lies. all in the eyes of the beholder. in "the new york times" op-ed i never saw aaron sorkin call out democrats saying trump was russian agent or the fact that elizabeth warren's "medicare for all" will raise taxes even though she is advertising that on facebook. the bottom line here, that aaron sorkin doesn't like donald trump. this goes to the heart and very battle of the american experiment and need to protect free speech. this is bigger than trump, warren and biden. it is not something we should be taking lightly. connell: what do you make of twitter in the midst of all this, we're out, we'll not have political advertising? >> i think that is a shot to kneecap trump essentially. kamala harris has been calling

for trump's twitter handle being taken away. trump is doing a good job online. no free speech, political speech, political advertising is protected by free speech should be cut off. i think it should be all, how we should keep it. we don't know the perfect way to regulate it, when you have fact checkers, who will fact check them? connell: systems are different here. caib news or cable, on the internet versus broadcast networks going out over the air for free, they are regulated by the fcc we're never going down that road you don't think with these other mediums? >> we may one day actually go down the road and right now it is the wild west. i would take words from andrew shepard in "the american president." connell: deliver it like michael douglas. >> michael douglas was my father's roommate at choate. american citizenship is advanced. let the people decide for myselfs, my friend. connell: very good my friend. a lot of references. didn't know about that michael

douglas connection. >> good to see you, my friend. melissa: something doesn't fit. new questions about the death of jeffrey epstein. the latest on the investigation. connell: the strike's over. students in chicago back to school. they have been off the last two weeks after chicago teachers went on strike. the new teachers contract promising smaller class sizes. melissa: the life-styles of the rich and famous. we're taking you live to where the world's most elaborate yachts are on display. connell: wow. ♪

♪ melissa: sign of things to come. lori loughlin is doubling down pleading not guilty to new federal bribery charges brought against her and her husband in the colleges admissions scandal. here is to react doug burns, former federal prosecutor. wow, they are turning up the pressure and she is not giving in. do you think this is smart move? >> they are turning up the pressure. many of us in our field feel it is a unfair the government can return superseding indictments,

they are adding. you're exactly right to induce a plea, bring the person down. if you break it down logically, melissa, a, she is factually innocent or b, that they can't prove it legally or c, she has hubris, i don't want to be unfair and arrogant. it is hard to handicap this. from 34 years doing this every single day in federal court, if you take on city hall as they say, it is at great risk, you do intend to get punished if you lose the trial. i don't prejudge the case. they have a lot of cooperators that will testify live. melissa: some people said maybe her kids could end up going to jail. is there any logic in that? >> probably not. when you look at pecking order of cull pant. you have the main guy, rick singer, coaches with the universities, then you have the parents. but i would be reluctant to think they would bring in the actual students.

melissa: does it seem insane to you now, when others have been sentenced, it is so far along, that she would still keep holding out? >> well, it is funny that you asked me that. in my career i have had many, many instances for whatever reason, it is generally statistically in the minority, melissa, people just, you know, maintain innocence, go to trial. take the punishment. very hard to handicap what she is thinking. melissa: yeah. >> again i don't prejudge it. but the other point obviously, in this new world we're in, you are seeing prison sentences. the reason i say in the new world we're in, generally 20 years ago, quite honestly a lot of lawyers would tell you on this fact pattern you probably would have seen probationary terms. melissa: right. >> it is another whole seminar why they're giving short prison sentences. reality, this is a little bit puzzling honestly. melissa: let me ask you about this one. new york city mayor bill de blasio joining chorus questioning death of jeffrey

epstein. >> sure. >> something doesn't fit. it doesn't make sense that the highest profile prisoner in america, someone forgot to guard him. so i want to understand, everyone wants to understand what really happened. melissa: what what you do i thi? >> i don't agree with mayor de blasio that much but i agree with him here and i'll tell them why. i have been in the special housing unit. you can't sneeze without people monitoring it. multiply that by 10, melissa, when you have the most high-profile prisoner in the entire bureau of prisons. i agree with the mayor, wait a minute, what happened? where are the surveillance tapes, okay? where are interviews of people involved, the guards, the people that were in the cell with him? now again, i don't jump right into a wild conspiracy theory, start pontificating yes he was murdered, i don't know that but there are a number of questions about what took place there. then you heard no less figures than michael baden who to be fair was hired by epstein's

brother. so you hang that footnote. you have dr. cyril wecht. both of them, melissa say with the breakage of hyoid bone, i'm no doctor, earth bones in the next area, seems more consistent with homicide than suicide that has to be taken very seriously obviously. melissa: do you think we'll ever know the truth? if you have mayor de blasio this looks fishy, who is in charge of investigating this? will we ever really know? >> a great question because it is hard to answer. the point is, look, 50 years from now, maybe, writing books, 20 years from now. for right now though honestly something about the mcc, what went on there, guard supposedly fell asleep, people to be supervising them. that is where we need to get to the truth. melissa: doug burns, thank you. >> my pleasure. connell: "fox business alert" for us now. united auto workers leaders from ford are officially recommending

approval of a tentative labor agreement. it would allow ford to avoid the strike that cost rival gm about $3 billion in total. reuters reporting on this today. the deal must be ratified by 55,000 uaw workers before it can go into effect. good news for ford. melissa: razor-thin margin in iowa. what 2020 hopeful is pulling ahead of pack. what joe biden has in store to re-energize his campaign. one of the most anticipated movies of the year, starting 30 years younger robert de niro. we're going inside of netflix's latest gamble. that's next. 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,

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melissa: "fox business alert." president trump is about to depart the white house for a campaign rally in mississippi tonight. we'll bring you any headlines from the president if he stops and speaks to reporters on the south lawn. connell: all right. martin the mob epic, "the irishman." it's a netflix movie after all. russell holly joins us, mobile nations editor. on the business side for

netflix, you do a 26-day run in the theaters. you want to get in theaters, you want an oscar, 26 rather than normal run, of 72 days. theater owners are not thrilled. is this the right way to go about it, with a movie like this? >> this is something that tests the waters. something netflix has to do, they have to push the envelope to try different things to do this. netflix has a captive audience. you don't have to sit and watch the movie. you can watch it anywhere. that is not something you can say in theater environment. connell: thinking from personal point of view, if you want to see it tonight, you can find a theater. martin scorsese has a theater in new york, he will show it there, might be good idea to get some hype. if you're netflix subscriber, you want it on netflix as soon as possible. they have done that.

i don't have the motivation to go to the theater. >> definitely some people argue for the atmosphere of a theater, going in, sitting buying the popcorn, doing all of that. honestly if something was available i could watch from my couch i would definitely be one of the people do that that first. connell: me too. atmosphere of the theater, deal with people, get in line. not exactly a, best atmosphere. >> maybe you're excited about the reclining chair. connell: honestly that is not a bad point. that does factor into it. that changes things a little bit. i want to talk about competition which you brought up. there is plenty of it. netflix is dealing with it in a few ways. number one, they're rolling out 43,original series this month. this month today, when apple tv plus plain -- launches. disney plus already has 6 million subscribers it claims. the competition is real this

time for netflix. they're spending a ton of money to deal with it. what do you make of all this? >> it has to. this is fascinating position for netflix to be in. it has been a kind of dominant heavyweight in the market so long. there has not been actual competition from netflix from a functional expression. disney is not doing ton of original content that is new. a massive trove of original content that is old. something people watched from 15, 20 years ago, more than sufficient from disney. they have the entire marvel collection and "star wars," all these other things that will be added to it. a massive trove of things people love. the thing that netflix is struggling with with all the new content. this is not sufficient that people are excited about. this will appeal to specific genres. not about getting everyone excited but appealing to niche audience, which netflix has been pretty good in the past. connell: it has. of the three, whose positions do

you like? disney has so much content. we look at others in the mix as well from hbo and hulu joining the ones that we're already talking about. apple is the thank you kid on the block at least in this particular part of its business so it is keeping it relatively small, keeps the price relatively low. again netflix spends like crazy, not only on shows but movies. "the irishman" is 159 million. a duane johnson movie that is 200 million. another 150 million-dollar movie in the pipeline. whose positions do you like best here? >> moving forward into the next year we'll see netflix continue to be a heavyweight. disney plus will be in strong position to show the kind of growth. obviously a lot of original content to bolster that will happen. we have not seen bold thinks like disney plus, taking a movie, put it on disney plus before it hits theater. apple plus has clever lineup. its audience will be relatively

small compared to the other two for next couple years. connell: not either or, right? >> right. connell: less cutting into netflix subscriber base because, if you're getting apple for five bucks a month you could add that to netflix. a lot of people do that, you think? >> right. i think the biggest thing, which two services. that will vary for a lot of different people. if it becomes netflix and or disney plus, and, apple plus is in good position because only five bucks. you add in hbo, verve, whether that becomes a third option or competing with disney plus for second place. connell: always good to see you, russell holly. thanks for coming on. >> thanks. melissa: slight edge in iowa, elizabeth warren coming out on top with a slight lead over bernie sanders according to "new york times" sienna college poll. joe biden coming in fourth place. let's bring in our own david asman on this one. what do you think? do you trust polls?

>> not this far from the election. if you follow the money, find out what is going on here? biden is fourth. biden is fourth in terms of money. liz warren, bernie sanders have 33, $34 million in the bank. buttigieg has 25 million. joe biden has only 8.9 million. if you follow the money, you figure out that he has got to be very careful how he spends it right now. i think he is spending less on iowa and hall ham than he is is on super tuesday. that is the beginning of beginning march with new hampshire. 40% of the delegates are chosen for the convention. he is starting super-pacs. he sad at one point he wasn't going to do it. he realize he has to do it to get money from corporate donors. he has to follow the money. he has to be careful about how he spends it. he is saving it for super tuesday is my thought. melissa: what do you have coming

up on the show. >> a big guy in the administration, peter navarro. a good day to have him on. what is going on with china? we're getting one word from the u.s. trade rep. one word from the chinese delegation. we'll get word from peter navarro coming up. melissa: we'll see you at the top of the hour, david. connell: sailing into luxury of the super bowl of boat shows. we'll look at must-see designer yachts. melissa: they must have pianos on their yacht. connell: you can't have a yacht without -- melissa: that makes sense. connell: maybe not. we'll be right back. that will be cool. ♪ does your broker offer more than just free trades?

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upkeep. if you have to ask, charter for 61,605,000 per week and she sleeps 12 and the crew is the teensy can do the math and figured that out. but there is more than one crew member her guests even at full

capacity so five-star service very clearly. italian builder, and johnson the broker and if you look around this marina, this will give you this hand, you can seal of the johnson with the brokers are telling me that between a 70 and 80 percent, of what you see here in this shot is actually american-owned. so if you ask is who is buying, it seems like americans are buying more right now than any brother nationality they were telling me that after the 2008, credit crisis there was a big slowdown on luxury items of this loophole of course. in the first to drop in the lasting impact. nice and run 2015, the we've got industry, you pick back up and now it is full horse. some americans and europeans, they are about together about 5. after that it is a little bit mix and match. if you want to talk about industry, and the cool and who is mine, it is really a cross-section. nfl team owners, terry johnson

and dallas cowboys, but the redskins, google cofounder, they each have a super yacht. larry page, rick and tina was another one. a car dealership owner. he has been loyal in a big part of this yachting community for a very long time. it is clear that the brokers are very happy this year. also they tell me that business is booming again. the only group noticeably not buying are the chinese. and one broker said that he's not sure the chinese government approves of their millionaires and billionaires flaunting their wealth to this loophole. but pretty much everyone else is here. enjoying themselves and i have to see, very pleasant. >> you fit in perfectly. you should get that one. that one is perfect for you. >> i'm just going to see that if anybody can spot me, $80 million i would appreciate it. and 10 percent upkeep. then we are all set. >> 65000. that when it was a week or mon

month, in a way,. >> something like that. have a great weekend everybody. lucky you melissa. >> that lets it for us, bulls and bears right now. >> foxbusiness alert, present trumpets going to depart the white house right now. who will bring you any news from the president's comments. he stops and speaks to reporters on this frontline. in the meantime, stocks ending the week on a wonderfully high note, dealing with this, 500 and nasdaq tilting a brand-new record high, that the dow is just shy of the new record but of more than 300 points, fueling the rally will much more jobs added in october than expected and signs of progress in the trade deal china. coming up we will secure it straight from white house trade advisor peter, where things actually stay on right now. after a high-level bucks today.