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tv   Cavuto Coast to Coast  FOX Business  November 8, 2019 12:00pm-2:00pm EST

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made here, right, ash? ash ash yes. stuart: sunday morning 11:30 eastern time watch liverpool play man city. ashley: game of the weekend. stuart: i'm sure neil cavuto will be glued. ain't that right, neil? neil: absolutely. that was very funny. i got a kick out of that. be worried about ticking off billionaires. some may get mad, michael bloomberg apparently gets even. he is apparently entering the 2020 race. he has concerns about the current democratic field. charlie gasparino has been ahead of this long before any of this. let's get right to it, what kind of a chance would he have? >> point out, give the state of play. what we first reported a month ago that michael bloomberg maintain ad campaign office of about six or seven people where they were doing constant polling and what the word is that we reported he did not close the, remember earlier in the summer
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he said he wasn't going to run but the reality was he was not closing that possibility. where are we from there, from here? about that much closer. he filed in alabama, because there was filing deadline the last state. stuart: that tipped his hand. didn't mean he was jumping in, but some of the things you have to do? >> some of the things he has to do. he still my not run. that doesn't mean he is definitely running. we do know, the stuff we've been reporting, he is dismayed by the fact that the party is being taken over by the radical left. you know, it has gone way beyond anything that, remember hillary clinton started running to the left when she was faced with a pry mary challenge in 2016 from bernie sanders. the party, nominal front-runner is elizabeth warren who is so far to the left of hillary clinton the party will be unrecognizable. they believe, not only if she does become the nominee, looks
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increasingly likely biden is fading a little bit. if thee becomes the nominee, she would lose to trump, if could win, she would hurt the economy. she is proposing numbers that don't add up. say what you want about donald trump, tax cuts, deregulation. tax cut may lead to deficits but they spur the economy. they are part and parcel of capitalism. what she is doing upending of the capitalist system. many mainstream democrats who are business people, you've been hearing it, gates, jamie dimon. neil: distinguishing in his case, the bloomberg's case the others are complaining, with bill gates, pay 20 billion, 10 billion in taxes but don't want to pay a hundred billion, leon cooperman and a lot of people, we do a lot of good, i give a lot to philanthropy. paul tudor jones, comes out, the
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somebody like elizabeth warren gets elected, the market will crash, bloomberg carried to the next level. i'm wondering in the case of wall street whether it's a jump ball for them because you would have, you know, a business guy coming in for a business guy? if for example -- >> they would like him to run obviously. couple things we should just, little reality check here. mike bloomberg galvanizes the progressive left. there is no doubt. he is a billionaire. he is a wall street guy. this could help elizabeth warren. a lot of democratic party leaders including chuck schumer. last night -- neil: opposite effect. >> chuck schumer intimated at a fund-raiser. the second thing is biden's people. they have not thrown in the towel just yet, what they tell me, i spoke to several this morning, mike bloomberg does not have deep inroads into the african-american community. quite the opposite, despite the fact he was a new york city mayor. they say he never had strong
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relations with various african-american leaders and he still doesn't. this primary they believe could be won, democratic party through a southern strategy of blacks in the south. joe biden is positioned to win those, that voting bloc and mike bloomberg isn't. so that is what they're going to hit back. obviously they're worried that their guy may not be up to the task. if he does have a good debate, they say if he has a good debate very hard for biden to get in. neil: bloomberg. >> for bloomberg, if biden has a good debate. one other thing he will put together a coalition of african-american politicians. biden coming next two weeks t will be pretty hard for anybody to match that. that coalition is, is the biggest voting bloc in the democratic party. it is bigger than woke white liberals. neil: wish we had more time. we'll grab you back in the second hour. the notion it is about who has delegates on the first ballot.
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the math stands now, nobody captures on the first ballot. >> right. neil: if that is a case there might be a method to bloomberg. >> no doubt. he has, look at it this way, he is, let me get this right, he is five times richer than trump pretends to be. trump has said $10 billion net worth. he is not, okay? neil: we don't know that for sure. >> i will bet my hand that he is not. neil: i will take that bet, raise your other hand. >> i want to see his tax returns first. neil: okay. >> mike bloomberg is liquid at 50 billion, liquid. he is really look quid at 20 billion. from what i understand he has that in treasury bonds. fight that. that is hard. neil: mice commercials. three times elected mayor of new york city. thank you very, very much. president trump is sizing up michael bloomberg's white house
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chances and he is not impressed. >> little michael will fail. he will spend a lot of money. he has some really big issues. he has got some personal problems and he has a lot of other problems but i know michael bloomberg fairly well, not too well, well enough, he will not do very well. if he did i would be happy. there is nobody i would rather run against than little michael. neil: apparently well, not too well, well enough but the president already making it clear with comment like little michael he is ready to do battle with the multibillionaire if need be. mcclatchy correspondent, francesca chambers. where is this going? >> president said he would rather run against nobody else like michael bloomberg. he would love to run against bernie sanders or elizabeth warren to push argument of socialism or not someone like
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mike bloomberg or joe biden as easily. we'll see how the president feels in a few months if michael bloomberg gets in. we don't know if that will happen. neil: raises issues about former new york mayor without going into detail about them. obviously he has got a file on the guy. he is ready to use it, as he has effectively in the past against republican opponents and hillary clinton. he is a shrewd campaigner. trying to plant seeds of doubt in the american public. is he worried about him? >> you don't want to do that too early, neither, either? he is not in yet. you wait to see if he gets and unload your opposition research on him. president may not even have to do that. democrats who been in states like iowa and been in states like new hampshire, they have been on the ground been doing the work listening to voters. they believe like andrew yang, he said this today, michael bloomberg won't be able to catch up. there is a more imminent
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deadline, neil. which talked about the filing deadlines earlier. new hampshire, next friday, november 15th. he will have to make a decision quick. neil: let's say he is doing all this. this was sort of, telegraphed because he had to get the paperwork in for alabama, which is one of the earlier states you have to file for it is on super tuesday, sometime after iowa and new hampshire. but he is, he is just sort of making sure he has everything in case he does run. invariably hear from people, francesca. don't think he will run. bloomberg always teases this, backs away from this. how likely is that? is that what progressives certainly in the party are hoping? >> more likely than someone like hillary clinton at this point who teased a run couple times who has not filed any paperwork in those states. he is taking steps to leave the door open in case joe biden fails as a candidate or pete buttigieg doesn't pick up the
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middle ground or amy klobuchar. leaving the door open is lot more than he was doing before by filing paperwork. neil: quickly, number of wall streeters, they are not red or blue. they are green. they love money. they don't care whether it is a democrat or republican as long as causes they espouse are good for the markets. that is why they liked bill clinton and like this president. they like bloomberg. they like the combination in the city, his own business acumen. net worth north of $50 billion as charlie gasparino. he is successful at it. a fiscal conservative, a social liberal, they can deal with that i don't know if that side of him is appreciated enough, wall street might welcome his candidacy? >> appreciative to whom? within the democratic party at this point there is a big split oaf this issue. bernie sanders and elizabeth warren raised money from small dollar donors. meanwhile joe biden is raising from big dollar donors but hasn't been raising that much
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comparatively. only 15 million in the last quarter. neil: is there concern in the party, a lot of candidates, front-runners like elizabeth warren -- >> are too progressive. neil: right and they will hurt the party's chances anyway? >> why someone like michael bloomberg thinks he can get in the race at this point. joe biden's numbers are flagging. buttigieg is increasing numbers. nationally, he and amy klobuchar are still, they're in the middle, they're not up with that bernie sanders, elizabeth warren level. maybe michael bloomberg says i see room for me in this race. neil: we'll see. thank you, francesca. >> thanks, neil. neil: president arriving in georgia for a fund-raiser. he is trying to court african-american voters. steve harrigan follows this closely. he joins us right now. reporter: neil in a few hours time we expect the president here at a new voter outreach, black voices for trump. the room holds 350 people. they're doing sound checks right
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now. the president touting record low unemployment numbers for black americans. some a african-american conservatives say such a visit is long overdue. >> when donald trump want to talk to veterans he goes to veterans. christians, he goes to christians. women, he goes to women. so he want to talk to black americans. so he is coming to us. so i don't think it is fake. i don't think it is phony. reporter: georgia democrats held some counterprograming this morning, holding a press conference, listing the ways they say president trump's agenda has hurt the black community. >> today donald trump bringing his backwards agenda to georgia to pretend like his actions have not been a disaster for the black community and marginalized communities across the entire country. in georgia we know better. donald trump administration made an all-out assault on people of color. reporter: getting more african-american votes for republicans in georgia could be a challenge. in the last governor's election
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in 2018, 94% of african-americans here voted democrat. neil, back to you. neil: thank you very much, steve harrigan. whatever you feel about the president, like him or dislike him, for the african-american community right now, dealing with record low unemployment levels, history -- historically record how unemployment levels. the president will remind them that as he lands in georgia. we'll have more after this. sometimes your small screen is your big screen.
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he has been very good for them. record low unemployment levels for latino americans, african-americans, for women, you name it. on that something he wants to constantly pound to make them away, as he was saying in his first race for president, what the hell have you got to lose? that is a theme he will pound relentlessly. meantime stocks are dropping after the president cast some doubts on tariff roadblock. is it happening, is it not happening? will he lift them as chinese say he will? blake burman following all of that at white house. reporter: neil, we said all this related to tariffs was mapped out. we heard the president today he seemed to potentially shut the door on potential roll back of tariffs. we heard him a little while ago on the south lawn. chinese sources told us they wanted altiris rolled back in phases. we heard from larry kudlow said
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publicly on the record, if there was phase one trade deal there would be some concession of tariffs so it is still a bit up in the air exactly when it comes to potentially roll back tariffs how it all might work out in a trade deal with china. the president a little while ago, made it clear he does not want to see a complete pullback. listen. think would like a roll back. china would like a complete roll back. they know i would not do it. we're getting along very well with china. they frankly want to make a deal a lot more than i do. i'm happy right now. we're taking in billions of dollars. i'm very happy. china would like to make a deal much more than i would. reporter: u.s., chinese negotiators are working to hammer out a phase one deal. president trump and president xi were supposed to meet in chile. asked earlier this morning if he would end up meeting with xi this year, meaning this month or next month.
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the president would not commit to a time frame. >> we'll see what happens. we're getting along very well. they want to make a deal far more than i do. reporter: so the president also said, neil he would like to have a signing, a phase one signing either in iowa or in farm country. also adding that that signing would take place somewhere in the u.s. a reminder neil, as it stands right now, no date, time frame for a date. the president now today non-commit when the two can meet. there is issue of tariffs. that is not a small issue, neil. that is a big one. that is probably why you see market not taking too kindly what was said out on the south lawn this morning. neil: what is the president's view on tariffs? is he going to lift them or not? i couldn't figure it out. reporter: remember he is a tariff man, right? that was the tweet he had sent out. folks i see in the white house constantly remind couple things.
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one at the end of the day this is the president's decision. at two this is someone believes from tariffs, from him, but, you know, he mentioned not having a complete roll back but again, neil, china talking about phases. we know there is a phase one deal. the president acknowledged that there is phases, potential tariffs come december 15th, if there is not a deal but the u.s. would roll those off. if there is a deal. what about the tariffs that have already gone into place? it's a whole lot of questions, neil. and as i often remind this is a big, complicated deal with lots of puzzle pieces to it. today we got one piece of it but there is still so much more out there, neil. neil: you're right about that. blake burman at the white house. if any of that changes, blake is the go-to guy for an update. scott sanbourne says consumers have not felt direct impact of trade tensions just yet but they
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may if this drags on. it is interesting, scott, to your point, whether matter of chinese tee valuing currency or devaluing currency or sucking it up not to pass it on to consumers, consumers foot the bill regardless. when does the impact hit home or has it? >> right now where the tariffs are hitting not directly on the majority of the consumer goods and consumers right now are feeling pretty good. confidence is high. of wages are increasing for the first time in a long time. unemployment is low. so they're continuing to be a real source of strength for the economy overall. neil: so, the president, dangling this possibility that you know, the tariffs won't be lifted right away, is that to scare chinese into still more concessions. s.
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how would you look at it? >> hard to get insight into the president's negotiating strategy. the markets on the other side are anxious. seeing a lot of reaction in the public markets where will this go, how long will it take, what are the implications for u.s. businesses. neil: you know it is remarkable the economy held up as well as it has throughout all of this. makes you wonder if we didn't have the back and forth where we would be, what do you think? >> i think we would be further ahead but i agree with your assessment. i go back to what i said earlier is the real source of strength in the economy continues to be the u.s. consumer. that is where you're seeing spending. that is driving growth we're getting. neil: scott, thank you very much. watch it closely. scott sanbourne following all of this. mickey making a whole lot of money. disney is a dow's biggest gainer. we would be down a lot more without disney. the real test what it wants to
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him. or part of the future legacy. if we're talking about a certain segment, disney has four major segments, direct to consumer that focuses on streaming, they saw losses of $740 million. double the amount compared to last year. they're expecting further losses going forward. for viewers and future investors is this seen as an investment. we'll let you decide. going forward the company said losses are due to consolidating hulu which is comcast. the fact they're investing heavily in disney plus. they launched it in the netherlands back in september. third but not least, espn plus, a sports streaming platform, has been doing quite well, especially once legalized online gaming came into play across the united states in certain states. on the screen, look at all options out there. competition is great. it means better prices for us. disney plus launching seven bucks.
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apple tv for five dollars. 4.99 a month but what does bob iger say? he is not worried about the competition even though disney plus is not expected to turn a profit until 2024. the viewers that are watching, investors, this leave as question for you, are you going to make the switch? are you going to sign up. on average according to research, american subscribers have 3.4 streaming site on their computer or personal devices. i know myself personally. i have three on my phone alone. with disney, the long question we'll have, we'll probably not see it for a few years, will they gain the subscriber growth, steal it away from likes of netflix? nonetheless, disney has been around forever. it has many different revenue streams. this could be a positive play. we know wall street is still very bullish on the company. neil. neil: like you said, kristina. talk about an instant library. they have a lot of stuff. >> 101 dalmatians did well in
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the netherlands and marvel and "star wars." see how it works in the united states. neil: if it works for cruella deville, we'll see how it works in the united states. that is a little dalmations humor. president is getting off the plane in georgia. he will let wall street know i'm more than a wall street candidate. i'm every man and woman candidate, particularly for minorities. who tend to sniff at my possibilities, i will prove to them. i am their answer. not any of the other democrats. after this. peyton, what are we doing here? brad, welcome to peytonville. what's this for? song inspiration. i started in my garage, but nationwide protects so much
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neil: bernie sanders releasing sweeping immigration plan. a policy per week out of prominent candidates to keep attention on themselves. kristin fisher, what exactly the senator is calling for here. kristen? reporter: this plan puts bernie sanders at the far left of the immigration debate among 2020 contenders. here is exactly what he is proposing to do. he wants to propose moratorium, deportations, breakup immigration enforcement agencies, i.c.e., immigration and customs enforcement and cbp, customs border protection.
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he wants to grant welfare access to illegal immigrants and welcome 50,000 climate migrants his first year in the white house. in a statement, quote, sanders says when i'm in white house we'll stop hatred to brothers an sisters, stop locking children in cages. we will indthe i.c.e. raids and at that are terrorizeing our communities and on my first days as president i will use my executive power to protection our immigrant community and reverse every single horrific action by president trump instead of protecting is the senseness honors immigrants who abides by the laws, president sanders introduced a plan for people that violate the law and make united states a safe haven for traffickers and terrorists. the sanders plan would end the
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president's so-called travel ban and policy of making migrants wait in mexico while the asylum claims make their way through the courts. so, neil, if bernie sanders does win the democratic nomination and does become president, this really would be a full reversal of president trump's entire immigration agenda. neil? neil: kristen, thank you very, very much. meantime yet another transcript is out ahead of next week. the open hearings, this one involves a former trump russian advisor fiona hill. remember she was in the camp of individuals who said that there was something that didn't quite jibe with the president of the united states calling his counterpart in ukraine and holding out the pressure. she said the pressure of a tit-for-tat or a quid pro quo, whatever you want to call it in order to get dirt or information on joe biden and his son hunter biden and hold ordaining gel military aid, about $400 million worth to get just that. now, that is in eye of beholder
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whether that is impeachable offense. republicans lately are telling me no. let's get the read where all of this is going, harold ford, jr., tennessee congressman. former morgan stanley honcho as well. congressman, this is yet another transcript of details we'll get as people read through it. somebody says that made her feel uncomfortable. others echoed something similar but not you have in to move the needle. republicans say not enough to impeach him. democrats say more than enough to impeach him, the general public isn't moving the needle. where do you see this going? >> hearings start next week. the country will have a chance first-hand to hear from witnesses, measure them, measure their credibility from their appearance. measure credibility from their voice. understand better from cross-examination from republicans appeared to be opposed thed in house. i don't think this lasts before speaker pelosi makes a decision
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whether or not it goes forward with a vote. members of the congress, moderates, those who won, who flipped districts won from republicans at the end of the day were ones pushed speaker pelosi to do this. she has been the real adult among democrats. let the facts speak, let's not rush to this. if the facts lead in certain direction let's go in that direction. i think hearings will be telling. neil: how long do they go on, hearings themselves. >> first witnesses wednesday and thursday. neil: right, right. >> when the first poll is done by this network perhaps some others about where people sit and where people stand in these battle ground states you will hear presidential candidates talk about it, maybe even have a new presidential candidate may comment on it all will play in the mix. i'm not minority i think just because hearings have started or will start doesn't mean that they are going to impeach him in the house. nancy pelosi realizes she put majority democratic house in jeopardy, not to mention the
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opportunities, the democrats may have to unseat this president come next year. if you don't do this the right way. neil: i hear you. what happens if she does just that, pulls trigger, nothing here to pull a trigger on? there will be those arguing including maybe -- themselves, don't do that? >> i will let them sort that out in the house. my only point i don't believe this speaker who i think has been most mature ander cerebral, level-headed about it, will allow a plan end up in utter embarrassing defeat, could lose the majority. the facts speak for themselves. i'm not here to prejudge the facts. i read all the reports, thing knot gotten a lot of attention, pence aide. neil: she made very clear vice president pence had nothing to do with this very interesting point for her to make. we'll hear from people, we heard from mueller, we had a different
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opinion about some of the things. even democrats -- neil: mueller thing went away. they started focusing on this ukraine thing. >> when we heard from director mueller when the mood changed. as we hear, we'll be able to watch the witnesses to hear the witnesses. neil: you think polls, monmouth one as example this is looking increasingly like a pile-on? >> i think some of the polls suggested people believed the president should be impeached but remove ashould be seriously considered, numbers high 40s, low 50s. neil: not in battle ground states. >> when we hear the people everyday americans will have opportunity -- neil: see if anything sticks in the public too, right? >> i am one of them. i want to see if it sticks as well. neil: what do you think of the bloomberg stuff? >> he is a welcome entry for a mature adult in the room to talk about numbers, talk about competency, talk about capacity to lead. neil: are you saying elizabeth warren and bernie sanders aren't? >> i think they are serious what they want to get done but it is
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unclear they are serious how to go about get it done. one of them could be the nominee. neil: that is what worries them the most. >> i read that i hope mayor bloomberg and his team will focus and embrace things he is capable of doing. number one he is competent guy. he is successful in business. he built a business. he employ employs thousands of people. he pays taxes. he shouldn't shy away from those things, criticism of being a billionaire, i would ignore the chattering class. embrace you are successful. one of the things you want to do is help community across the country understand not only how autonomous vehicles and artificial intelligence and automation and innovation will change the american workforce over the next five to 10 years. how do we position young people, existing workers, someone like mike bloomberg, who hired people. forefront of technology. he has to do things that made mike bloomberg successful. if you get in the race, try to go tit-for-tat with the existing
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group that's in there you're not going to win. you have to distinguish yourself which he is entirely, entirely capable of doing. i'm hopeful that he does. neil: is there room in the party for a moderate like him? i would extend someone like you? >> there is room in the party for answers. i would encourage -- neil: do you see that reception in the party for people like you, for people like mr. bloomberg. >> people are responding to warren and sanders and messages, talking about challenges people are facing but they offered a set of answers terribly expensive. people throwing around the word trillion if it is nothing. he can actually get in the race. i made a lot of money. i employed a lot of people. i paid a lot of taxes. i see where trends are going. here is what i think we need to do in the white house. i will surround myself with smart people. i would think about a team of rivals approach if they are serious. i would keep calling him mayor, not his first name. i want, mayor bloomberg was a fantastic mayor for this town.
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those of us concerned about some of the changes in the city last several years we yearn for some of that leadership. he is not as well-known around the country as some polling suggestions. i would take the opportunity to go to michigan and wisconsin. neil: he says, michael. >> he is mayor bloomberg. here are the things accomplished. here is some of the things we should do. he is billionaire. he made the money on his own. he earned it. neil: more in your party congressman who don't like billionaires? >> they don't like the fact they think billionaires are getting over on people. they think the civil is rigged. i don't know of any american who doesn't want more than they have. doesn't want to support their family more and give money to charities and organizations they they are cherish. neil: but they want to but billionaires out of business. >> if that message resonates and message would win, one would be running far ahead of everybody
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else in the party. joe biden still has a lane in the party. some say this is terrible thing for joe biden. probably isn't great for joe biden but what it shows to your original question, solving problems, solving problems realistically is still a lane that needs to be filled. i think his entry into the race is good thing for the party. ultimately a good thing for the country. if he nothing else able to shift the conversation. neil: some colleagues are saying opposite, it could fracture. you think it's a healthy development? >> when we have choice on our phones. choice we order anything in life we want, absolutely have more choice. i think his voice is someone who has been successful in business. someone successful in politics. he marries the two. it will be interesting to see over the next several weeks if he is able to resonate with voters. neil: we'll watch it closely. harold ford, jr. >> thanks for having me. neil: zillow is flipping to getting into the home flipping business. that is true. after this.
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cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room.
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♪. neil: all right. zillow can tell you how much a home costs. how about flipping one you're in, fostering the process? "fbn:am" co-host lauren simonetti with details. >> neil, look at zillow's stock, it is flipping out because the is flipping homes, sort of this is not like a hgt v-type flip. they find homes to buy, all cash. they paint them. clean them up, but we're not taking major renovations. sell them as fast as possible for a profit. zillow ceo rich barton says that will bring in $1.25 billion.
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this is about instantaneous for the seller and fees for zillow. the cut they take doing this between 6 and 9%. they have to pay out for underwriters they use, local brokers. so even though the stock is surging today, a look at that, up almost 12%. there are challenges. analysts don't see a profit for zillow until the year 2024. zillow reported a loss of almost $65 million last quarter. so zillow started flipping about a year 1/2 ago. they disrupted markets mostly in the sunbelt, think orlando, houston, basically cities people were moving to. they are in minneapolis and denver. they're about to hit los angeles. eventually expanding with 26 markets, comes with a cost, neil, that investors are certainly ignoring today. back to you. neil: remember good ol' days, real estate boom, everyone was doing that making a fortune. >> not like that. maybe we're getting there slowly.
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neil: we'll watch it. lauren, thank you very much. this woman works longest day known to man. she is always pleasant. find that suspicious. meantime millenials versus boomers, only this time millenials complaining because of the boomers they're not getting the jobs, after this. isd by too much of a bad protein, but a company develops a way to actually attack it. what drew me to capital allocation in health sciences was the potential to help many people through investments that help fund medical innovation. my team and i often choose to invest at the very early stages of human trials. investing lets me use everything i've learned as a doctor to help make a positive impact. so that's why i go beyond the numbers.
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♪. >> early this morning neil, working on telestrator. neil: whoa. >> i like to use our telestrator neil: mcshane coast to coast? >> mcshane coast to coast. neil: it it is not mcshane coast to coast. >> looks pretty good. neil: how childish is it.
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only a few months after that i was having open-heart surgery. wait, there is more. watch out boomers. younger generations want your job. to our generational representatives we got fox business senior editor charlie brady, wicked smart, ditto democratic strategist jessica tarlov, "after the bell" co-host, connell mcshane and our own feisty curmudgeon, charlie gasparino. >> 50, 57 years old. neil: great. here is what is going on, charlie brady, they say guys like us are standing in the way of them moving up. they are getting tired of it. what are your thoughts. >> that is a convenient copout. a lot of younger people in the workforce lack, what we call soft skills. neil: or any. >> or any skills. >> i'm sitting right here. >> hello.
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hello. >> just gets out of the city, that is good idea. did want your job, he is capable of doing your job but not capable of it. i told him 30, 40 years from now you will catch up to neil. you will be able to do it. >> that clip was 3 1/2 years ago. neil: you're still here. >> why should we? there has to be a jockstrap reference here. >> there wasn't until you unfortunately made it. >> here is the thing. come to get my job. break more stories than me. you're not. it is no happening. >> test. >> very nervous to me. neil: -- for younger people, there are a lot of reasons. they feel limited they can't advance, a lot of people not leaving the workforce. shouldn't the issue should be on expanding the workforce? >> it should be on expanding the workforce, we've seen with people staying in the jobs for longer the opportunity for
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younger people, gen-zs older in the workforce, millenials, my generation are -- neil: you're a millenial? >> what did you think i was? neil: i thought younger. >> gen z, i'm in college popped over here. >> is lydia gen z, my producer. >> you know we're on the air? >> -- in perceptions of -- >> scared of millenials. neil: can she finish? >> i'm still freaked out by gen-zers. >> like he doesn't know. he is on tv. >> as i was saying it is real and there is a lot of mocking gone on for a long time from boomers and older gen-xers in the workplace. we don't like to show up. we can't meet dead inches loo. we want to be coddled all of that. what millenials are saying. neil: he didn't say you want to be coddled. >> sort of. >> don't touch me but --
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>> be real clear. i think there are two types of millenials. there are the sort of woke, you know, pampered types that go to college and take fine arts and have million, gazillion dollars in student loans and they can't pay it back. they're not that good. then you have got the others. the kids that go into the military. they're brilliant and smart. i meet them a little bit -- unfair to tar, they fight our wars. they're brilliant, smart, hard workers. neil: you're afraid of all the nasty emails. >> i think it is, the coddled, college educated millenial types. neil: connell, what do you think? >> depends, to be serious on the industry, if you're talking about this argument. if you're in the teaching profession, for example, you're kind of a young, up-and-comer, go getter, somebody has tenure you can't push them out. i get that argument. also, manufacturing business that we visited the other day
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outside of detroit in macomb county, the average age on the floor is mid 50s. the next 10 years his problem is the opposite. he will have the people retiring he figures. in the industry you will not work until you're 80 years old. he has a tough time finding people to replace them. not like they're pushing them out. he is trying to find people. >> the other issue, boomers, people live longer boomers are staying in shape, right? there are more boomers watching boomers on tv. listen, most boomers like to watch other boomers. i think there is -- that is what i argued -- contract negotiations. neil: a lot of boomers love watching jessica. they are very patient with charlie, right. >> connell is right about this being a per industry issue but generational divide is important for a whole host of reasons. it is huge issue in politics. we're seeing this in the democratic primary playing out.
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candidates are favorites of boomers. neil: your candidates are older than me combined. >> way they're running campaigns. the kinds of policies putting forward. >> you know bernie sanders has hair coming out of his ears? neil: more after this. with value like this, there are zero reasons to invest anywhere else. fidelity. 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,
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you. the call is free and there's no obligation. you know medicare won't cover all your medical costs, so call now! and see why a medicare supplement plan from a company like humana, just might be the answer. neil: all right. gasparino still shouting at people get off my lawn. no one is even on the lawn. meanwhile, billionaires are almost as ticked off as charlie is right now, but another made be running right now, right into the presidential race. to address it head-on. the former mayor of new york city, michael bloomberg, making moves to enter the 2020 democratic field and apparently, he's got a s.w.a.t. team to make sure he's doing everything just right. hillary vaughn has the latest.
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hey, hillary. reporter: well, if the president had his pick, he would pick bloomberg to run against in 2020. the president reacting to the news that the former mayor of new york and a fellow billionaire, michael bloomberg, is thinking seriously about getting into the race. >> michael bloomberg for a long time. if you go back early on, he said a lot of great things about trump but i know michael. he became just a nothing. he was really a nothing. he's not going to do well but i think he's going to hurt biden, actually, but he doesn't have the magic to do well. little michael will fail. heel spae'll spend a lot of mon. he's got some really big issues. reporter: progressives elizabeth warren and bernie sanders, who have made billionaires the focus of their campaign and also the source to fund their policies, are not welcoming one into the field but they are fund-raising off of it. bernie sanders' campaign firing
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off a plea for more cash, telling supporters quote, why is this happening? it's because mike bloomberg and his friends in the financial elite are scared and they should be. elizabeth warren accusing bloomberg of trying to make up for lost time on the campaign trail by buying the election. >> [ inaudible ] that's not what a democracy is about. we need to be a country that doesn't just work [ inaudible ]. reporter: long-time adviser to bloomberg harold wolfson explaining his thinking about jumping into the race. the way he describes it, bloomberg doesn't see the current field as the ability -- doesn't see that the current field is able to beat trump so he's thinking about getting in it. so in his thinking, he thinks he may need a billionaire to beat a billionaire. neil? neil: is this a great country or what? any billionaire can run for president. that's impressive. hillary, thank you very, very much.
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what makes mike bloomberg a little different than some other billionaires of late, he's making good on it and apparently, considering a run for the white house while other billionaires are complaining about some of the others who are targeting them in their run for the white house. take a look. is this a capitalism failing, a government not taxing guys like you enough? what? >> if you're going to take away the benefits of getting rich, you're going to destroy capitalism. neil: what do you make of that, what bernie's trying to do, elizabeth warren, versions of these wealth taxes? >> there's a finite amount of money they can collect but what's most important is it single payer, is it paying off medical debt, paying off student loans, long term care? you can't pay for all of it. neil: those were descendents of family empires, abigail disney, you know all these people, they say tax us more. what do you think of that? >> well, they trust the government more than i do. my foundation actually has given away over $2 billion.
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i would rather give it away than have some congressman give it away. >> havei have no problem payinge taxes provided it's used to redeem the futures of the young people today. what's bernie doing getting social security? he shouldn't get a check. fix it. make that happen. neil: we did want to show keeping it all in the family. this is a big news week when we had the likes of bill gates saying i guess i could go from paying $10 billion in taxes to $20 billion. he's okay to doubling taxes but when he started crunching the numbers and hearing it might get to $100 billion on elizabeth warren, that's when he drew the line. we have edward lawrence on all this, edward stringer and last but not least, fox news contributor emily campagna. emily, there is obviously something in the water where billionaires are feeling like whoa, ease up. what do you think?
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>> yes. i think there's something in the water, to inevitable shark that would be elizabeth warren coming for them. i think it's not surprising to see bloomberg jump into the race. here's why. i think it's a strong biden was his competitor at that moment he wouldn't stand a chance but we are seeing biden totally weakened and at the same time, with elizabeth warren rise and also, mayor pete. for these states like iowa and new hampshire, where we have seen a tremendous loss for biden, decrease in the polls, regardless of the national aggregate, i think democrats are shaking in their boots with what might happen after the primary. i think a bloomberg, he's the creative, you know, counteroption to steyer. he talked about the shared economy, enlisting airbnb and uber and voting in the polls. the bottom line is the moderate democrats need a viable solution that wouldn't be as left as elizabeth warren and will account for the fact that she is the one that has the funding and same with mayor pete and bernie sanders. that biden will not be able to maintain to play ball after the
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primary. neil: edward, one of the things that obviously ruffle these billionaires is that somehow they are rich because of ill-gotten gains or have done something crooked. people ignore the good they do, et cetera, et cetera, and this is a sure way to fail. they say you are not only ticking off billionaires, you are ticking off the success story. what do you think? >> the premise of a lot of these people is if you're rich, you're a bad guy, you have gotten money at the expense of the public. it's going against the american way, where people are working for the public. people are working to make money for the consumer and the rich people are actually getting pillaged here. it's like stop doing what you're doing. i think it's really alarming to a lot of people. i would be alarmed if i was a billionaire. but even the average person -- neil: you're not?
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you know, edward lawrence, to this point, one of the things that's come up again is leave it to berniened sanders to use th attack line against elizabeth warren, she said she's a capitalist. that's become a dirty word. that's resonating i guess with the democratic base but can it resonate in a general election? what do you think? >> you know, we'll have to see. on the democratic side, the candidates on the democratic side always go far left to get the base, then try to come back to the middle. the question is, can these senate democrats if this is one of the choices come back to the middle after that election, that elizabeth warren is pretty far to the left with the wealth taxes and some of the things she's brought out. it does leave room as emily said for another candidate, somebody to come in like a billionaire like michael bloomberg or someone maybe we haven't seen yet to come in and sort of take that moderate base away, be able to get those democrats on the left as well as get the democrats on the right, because
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joe biden has shown what he tried, what, twice, this would be the third time he's tried to be the democratic nominee. he's had some difficulty in the past and doesn't seem -- neil: apparently to your earlier point, there is concern that biden is imploding but this happens the same day we are learning the president is talking to minority groups, trying to talk about something he espoused in 2016, telling african-americans what the hell have you got to lose, look at what i've delivered, record low unemployment levels for you, for women, for minorities, for latinos, for every key demographic. they have never seen jobs booming like this, ever. and he's the guy who says take a chance on me then. >> right. to tie that in with your point, i think that's the huge deficit for bloomberg, is that he has absolutely no appeal and no reach with that really crucial minority voter bloc that up until now biden has command over. then responding directly to what you're saying, yes, i think what's fascinating to me and what according to the administration what they are deploying right now is
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essentially an education of sorts and that explaining to everyone that look how good you have it under me and this hasn't been the case and here's why, here's the data points, and apparently, deploying a type of digital based campaign that will be fascinating to see because as we know that bloc is crucial. up until now the president has not maintained his support in the way we would need if we need numbers. remains to be seen if that deploying effort on his bee hha works. >> the unemployment rate is 5.9%, record low right now. it will be interesting to see through the polls which voters show up. do those voters who didn't vote for him, who sort of stayed away from the polls in m some of tho states like wisconsin and michigan come to the polls then voting for trump or do they go back and vote democrat. neil: i'm wondering, too, when you look at it for the economy, the president is saying look at how good you have it, everyone, look at what's changed under my leadership here. he's still facing a hell of a battle here. given that economy, given the
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progress he's made, why isn't he up ten points in the polls? >> well, there's been tremendous progress, deregulation, especially the financial sector, i think, has unleashed the markets a lot. we've got tax cuts. neil: talking about the markets relate to average folks? >> well, we do basically have record low unemployment rates. people are getting job opportunities more than in the past, so i do think that that really, you know, it's the economy that drives a lot of what's going on, and i think that's really going to be leading to the success of -- neil: let's see about that. one of the things i thought was crafty on the president's part or his campaign's part during the world series, one ad that talked about paraphrasing, not perfect but better. say what you will of donald trump, whether you like his tweeting or his personal style or any of this other stuff, he's delivered the goods, he's better than a lot of these alternatives. so turn up your nose, you might
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on some of his personal issues, you can't turn up your nose on what he's delivered. and that seems to be his strategy. is that effective? because it hasn't been in some of these states that have had special elections and whathave you since he's been elected. what do you think? >> it's interesting, that's actually a common strategy that we use as attorneys in trial, right, where basically saying look, you may not like this person but he hasn't done what you, what prosecutors say that he has. it's essentially acknowledging the deficits, acknowledging the weaknesses of that individual while also saying but you can't not acknowledge the positives. a few polls came out this week interestingly on the former blue wall states that said the focus of those voters there that are crucial to any democratic candidate and certainly the president, is how they feel about decriminalizing boreder efforts, migrants over the border and also health care. it brings it back to the point about what are the kitchen table issues that voters care about. it's likely not a lot of these
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details that we see unfortunately mainstream media or interestingly in mainstream media, but at the end of the day people care about their wallets, caring for their family and safety and security. neil: edward lawrence has been following this closely, there has been a lot of confusion over where we stand with china and the tariff rollback that might not be rolled back. stay with us. >> there is no agreement at this time to remove any of the existing tariffs as a condition of the phase one deal and the only person who can make that decision is president donald j. trump and it's as simple as that. orlando isn't just the theme park capital of the world, it also has the highest growth in manufacturing jobs in the us. it's a competition for the talent. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can get. 2/3 of employees said that the workplace is an important source for personal savings and protection solutions. the workplace should be a source of financial security.
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powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. neil: he got what he wanted. republican congressman jim jordan appointed to the house
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scombrenls comm intelligence committee. he wanted to be a stronger voice for republicans against what he calls the rigged process by democrats. there was a lot of back and forth to get that to happen, almost reads like one of these big sports trades. we will detail that in just a second. meantime, the president is casting a lot of new doubts on the future of tariffs and where they stand. take a look. >> well, they'd like to have a rollback. i haven't agreed to anything. china would like to get somewhat of a rollback, not a complete rollback because they know i won't do it. china would like to make a deal much more than i would. neil: edward lawrence, where are we on this? >> yeah, you know, rollback or not rollback, depends on who you believe. the president there saying he's made no agreement yet to roll back tariffs for the phase one trade deal. the president also saying that he wants to see a phase one trade deal signed in iowa. they are still talking about that signing. my trade sources are saying they're still moving forward to the end of next week to have it on paper. so those things are good.
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will there be tariffs rolled back? chinese sources are telling us china wants to roll back in phases. as the phases are completed they want those tariffs then rolled back. the chinese trade sources are telling us the u.s. has offered to roll back only some tariffs but then on the majority of tariffs would remain in place until a full trade deal is finished with china and then roll back on some milestones after. you know, the president here today obviously is saying that he has not agreed on any rollbacks yet. you have white house economic adviser peter navarro coming out saying that he hasn't, you know, there is going to be no rollback of tariffs. they just won't impose new tariffs on december 15th but then you have larry kudlow on the other side saying they will roll back tariffs in a phase one deal. so you know, at this moment, it depends on who you believe. neil: what i wonder is as they drag this on for whatever reason, and wall street was pouncing on all right, we got phase one done and it's not done, let alone where they're going to sign off and get it
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done, leaving tariffs aside, investors can only be patient for so long. >> it's like every economist i know, we're like why, why do we have these tariffs, we can't do this. the fact that they were talking about eliminating or reducing rolling back these tariffs led to a lot of optimism among some of my friends but now they are talking about no, maybe we're not going to do that. i think this is tremendously costly towards businesses. businesses and american consumers actually have to pay for the cost of these tariffs. they are basically taxes on american businesses. and if they were to eliminate them, i think that would be a cause for hope among american corporations, but now they are not even going that direction. >> i'm curious if the uncertainty is holding back the potential of the economy. is it? >> oh, sure, yeah, it's disrupting supply chains, it's disrupting all of the ingredients of american corporations that are coming from around the world and it's
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not just china. it's mexico, all these companies that have to buy goods from other countries. that's hurting -- neil: they have to sign off on that. you're the lawyer here. i'm wondering, apparently that's not a profession, no offense to you, that admires china. they don't stick or they don't like the details. i'm just saying the problem is getting the chinese to agree to a mechanism to police what edward was talking about, both edwards, actually, the chinese make good on these commitments. >> yes. historically that's been part of what's been an issue with china, right -- neil: they lie. right? >> one could argue. yes. >> the lawyer. [ speaking simultaneously ] neil: they lie. go ahead. >> so yes, culturally what we are running up against as well as with this particular president is this sort of hubris and way of doing things that
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there's a refusal to capitulate and a refusal to lose face in any way. obviously the numbers are speaking, they have their gdp at a 27-year low. they need help. but at the same time, our president cannot afford to lose his face that he has gained during this by capitulating in any way and also by having results that don't resonate with the american people. it's risky to be doing this obviously as we come up against an election year, but if he can stick to those results and have it dwindle down into the details, that will be a lot more effective. neil: hubris, capitulate, very big words. all right. you had a chance to talk to the atlanta fed president. all of this is noise that they are obviously monitoring, right? >> and nervous about. trade uncertainty is one of the biggest issues, brexit is another uncertainty they are concerned about. and unleashing that uncertainty, the atlanta fed president believes that if you remove some of that uncertainty it will bring that business investment back which has been slow this year going forward. you know, he did say that the fed is probably going to wait
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and not quite cut rates again this year. i did have an interview, listen to what exactly he said on the subject. listen. >> we had three rate cuts this year. do you feel like this december meeting, we are going to see a pause? >> so in my view, where we are for policy right now is we should be taking a wait and see attitude just to see how the economy responds to the stimulus accommodation we have introduced into the marketplace. >> would you have cut this last time? >> the last one was difficult. i would have been more comfortable with a hold, a continue to wait and see but we are not super accommodative so the policy stance would have pushed us into overheating. i'm comfortable where we are. >> jerome powell also making the point, wait and see how the stimulus goes. raphael postic made the point, he said the gdp was sort of super-charged and we are back to normal level as the push of the monetary stimulus makes its way
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into the economy. he voted for the rate hikes, four of them, and is not a voting member until 2021, but they are all in the room. i asked him about this transition. the debate is there where they all talk and have a voice in what's happening. neil: he ever talk about how the president likes to talk about them? >> you know what, their comment is not to comment. they don't want to feed the bear, as he's there. so they generally stay away from that. neil: probably a wise move. that's what a cautious lawyer would do. in the meantime, the community devastated by california's wildfires trying to make a comeback one year later. ♪ ♪ ♪ ♪ ♪
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♪ ♪ ♪ ♪ i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives.
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neil: you know, today marks the one-year anniversary of california's most devastating wildfire, in the town of paradise. city officials are betting on people returning despite the
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devastation and concerns of still more. claudia cowen has the latest. reporter: many of those who have returned have gathered for the opening of a new recovery center while 85 american flags line the main drag behind me. together they form a pretty dramatic memorial to the 85 people who per shalled in the camp fire one year ago. 90% of the city of paradise burned to the ground. just unimaginable loss. but the resilience, just as incredible as the town literally rises from the ashes, one house, one business at a time. >> we have over 200 businesses that have reopened in the last year, and before that, i want to say we had maybe close to 2,000. so it's not a huge percentage but it does show a commitment and a resiliency for our town. reporter: of the 11,000 homes
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that were lost, nine have been replaced. may not sound like a lot but it often takes a year to build a house in the best of circumstances, and here they are dealing with cleaning up debris, getting permits and finding contractors. upgrades in town will eventually include underground power lines and a sewer system they have been trying to get for years. the mayor says the new paradise will be state-of-the-art and built to the highest standards to prevent another inferno. improvements that she believes will fuel the repopulation. >> i would expect 6,000 or 7,000 people to live here in two years and that's just going to keep growing because everything that's built is brand new. the town's going to be beautiful and other people are going to want to move here. reporter: city leaders say about 4,000 people are living in paradise. most are living in trailers on their property. of course that number is way down from the 26,000 who were here before the fire. but officials say by the end of the year, they expect 500 homes to be somewhere in the process
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of being built. a number of events today are commemorating the town's moving forward while also paying respects to those who died. it is a bittersweet anniversary today. back to you. neil: to put it mildly. thank you very, very much. quick peek at the corner of wall and broad. the dow down about 42 points. again, it's the back and forth we have been discussing as to what the president really means on this tariff thing, whether he's going to remove them or not, how soon he might do that, whether he does it in stages if at all. there's just a lot of confusion. we simply don't know which way he is headed. he is dictating the course of this. more after this. does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs,
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neil: singles day is becoming so big. i didn't even know they had a day for this. they don't have a married day. anyway, neither here nor there. it's becoming so big, even taylor swift is getting in on it by headlining alibaba's big gala. where is adelle for this, do we know? anyway, apparently not here doing this. consumers are set to spend a record $37 million on monday's 24-hour online shopping extravaganza. emily, this whole singles thing and using this as the launchpad, it must say something about the retail environment, period, that
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it could command that kind of buzz. >> well, yeah. we have seen skyrocketing surge of these share of the market, of the retail market, that is, online. i think to me what this illustrates, too, is the power of persuasion. the power of social media marketing. the power of fear of missing out. neil: that's where all the marketing is. it's not traditional venues. >> exactly. exactly. this is literally a hash tag essentially gone viral on a global scale. i think it's interesting to note, too, the united states intertwining with china on that, the fact that it's opening with taylor swift. everyone is getting on board. this is the nba times 50. obviously the projected sales are supposed to literally be more than thanksgiving, cyber-monday and black friday combined. neil: i mentioned adele has been passed over for this but probably because she's married. >> that makes sense. also, taylor swift is the poster child for the kind of em bittered single girl i think they trying to elicit. neil: there's a real draw of an
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audience. what do you make of this, though? i'm looking at consumer sentiment numbers that look very very strong. you follow that very very closely. it's a big reason why i think you covered the whole china trade thing, we have been absorbing these body blows because the consumer is so strong. it must say something about what will be a very strong holiday season and beyond, because the consumer has led this dominated this and just, you know, controlled this. >> this is the first actually i didn't even know about singles day but i'm going to buy a bottle of scotch for myself today and every day, but it's funny, it's almost like a celebration of the individual, adam smith, just go buy yourself a gift and have fun with this. neil: says a lot about you that your vice would be the scotch and i would immediately think processed meats and cheeses myself. >> i can do that, too. whatever we want. neil: what do you make of this? >> it's interesting, you look at this globally, we have talked about the global economic slowdown and this is going to be a big deal in china,
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livestreaming has become a part of this in china after you buy the product and thwhatnot but ts could be an indicator to how the christmas or holiday shopping season will go in the united states. neil: but online. >> online. online. but each year, the online portion has been growing exponentially and we are seeing sears, you know, closing. neil: kmart, all these stores. >> brick and mortar stores are going away in favor of that online. that shift is there. this could be a leading indicator to how the holiday sales will be later towards the end of the year. neil: there is a dichotomy between the traditional guys who are closing stores left and right, then you have the gap ceo stepping down, addressing slow sales and weak earnings. so there is a split read on this. yet i'm always shocked when i read online statistics that it's still a fraction of overall retail buying. >> but i think the trend is what's most important, which is that again, that skyrocketing trend. i think it also illustrates the
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converging factors as a whole. all of these things play into it. as we have a more activist and galvanized younger generation that wants to be green with their purchases, they don't want to purchase on amazon because they don't want to continue to the trucks, the delivery, the waste of fuel. but they are also -- neil: don't they want it delivered to their home? >> yes. that's what i'm saying. all these converging factors that can kind of conflict. once you get something, we are going to show it off to our friends. that's a measure of consumerism. there's the actual economy that 70% of which is driven by the consumers that are then making these choices that impact everything from retail for brick and mortar to let's support the mom and pop shop to just kidding, let's have it delivered online and purchase online. neil: now they have drones dropping off your drycleaning. >> whatever you want. your scotch. it's really, so adam smith, first famous economist, talked about the invisible hand. you just think of something, then it's at your door six hours later, the next day. so it is actually saving the
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economy a lot of physical space. we don't actually need to drive to the mall. it's there at our door the next day. i think that market, specifically some of these major online retailers, are enabling consumers to get what they want, when we want it, at instant speed. neil: how do some of them buck that trend? i know target has an online presence, certainly we have seen that with walmart. but it's the online guys exclusively online guys who seem to be the real beneficiaries. >> well, from what i noticed, all of the brick and mortars that were closing and a lot of retail giants we used to consider as mainstays in the holiday season and whatnot, part of the reason why they did is their inability to be nimble, to be flexible and account for changing trends and all of a sudden, say okay, we will have a delivery service, an app, a this, a that. it's those that refuse to change, the dinosaurs. >> right. you have to adapt or get eaten. neil: why you looking at me? >> i said us. >> think about it.
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amazon sold books. that's what they did. now look. so you have to adapt, no matter what business you're doing, in order to survive. neil: no one goes out anymore. i'm not preaching. >> but the market is saving us all this time. people used to have to spend the time on saturday going to the store. now it's just like we can consume leisure, we can spend time with our friends, our family. neil: but we're not, though. we're glued to our computers, ordering stuff. >> that's separate, for sure. but when it works properly, unlike commerce, it's saving us time. now, what are we going to do with that free time? that's why i'm a big advocate of scotch. neil: sure. >> but we need to be figuring out now that we have all this free time, what are we going to do with it. that's really i think the most important question. >> i also think we are seeing it here in this city, like there's a lot of empty retail.
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the irony is the lack of incentivized policies for businesses, we don't have anything going in their place. it's not like a mom and pop can survive with a tax rate, for example, in this city or in a lot of the property issues in seattle, too, like we were discussing earlier. there's a lot. neil: yeah. it's expensive, the taxes, all the other stuff accompanying it. that's why people are going to locales like florida and some of these others where it's simply a lot easier. all right. well, if that hasn't depressed you, we're not done. the world has gone batty and now batman is getting rapped over his wealth. are you kidding me? we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out
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are off once again to the rescue. >> turbines to speed. >> roger. ready to move out. ♪ neil: for the pure ists among y, that was the best batman of all. the original series. it's gotten darker since, more depressing since. our view here officially is that if you are, you know, someone with these powers, you shouldn't be down and out. you should be pretty happy. but that's neither here nor there. what's happening right now is wealth is being targeted whether you wear a mask or do not. the dark knight is getting dissed over his wealth. too much of it, wasted time. comedian trevor noah calling batman a rich "d" word. you can't do that. charles payne can.
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he joins us right now. catch you in a weak moment there. what do you make of this, all of a sudden that is in vogue right now, whether it's a super hero who has too much money or someone who wants to be the rescue of the democratic party. what's going on here? charles: i don't know what it is. i think it's a combination of just jealousy, to be quite frank with you, maybe just different attitudes. think about this, right. bruce wayne is a wealthy philanthropist, a playboy, and on the side he's fighting crime. i can see someone saying that about the riddler but not batman. listen, i agree with you, the one we grew up with on tv, that was the best batman. maybe it's just a ben affleck thing. maybe everyone is like since he got ahold of the role it's never been the same. i still dig batman. in fact, he has no super powers which makes me like him even more. neil: i was just telling the group here, someone was asking, you know, batman, what's your
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super power. i'm rich. i always got a kick out of that line. right now it's really for the soul of the democratic party, you think about it here, charles, because elizabeth warren just had a chance to respond to michael bloomberg potentially dipping his toes in the presidential race. listen to this. >> i don't think that big money ought to be able to buy our elections and that's true whether we're talking about billionaires or corporate executives that fund pacs or big lobbyists. we need a government that works for the people. neil: what do you think of that? i have a feeling it's only just begun. charles: i do, too. i got a feeling she rehearsed that a few times. but listen, she's already been positioned for this. she's already said that this is us versus billionaires, i'm only accepting money from small donors. ironically enough, i think this helps her because everyone was jumping on her for the last week over how do you pay for medicare for all.
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maybe this changes the story. maybe this changes the headlines. maybe this gives her a little bit of oomph and gets her to redirect. forget about the numbers themselves. it's a bigger picture, us versus them. neil: you know, we have seen bill gates complain about the fact all right, i'm willing to pay, i guess i pay ten being in taxes, i could consider 20 billion, 100 billion i got to draw the line. you have leon cooperman, the famous billionaire investor saying people lose sight of all the good causes i contribute to and all the good people i have hired over the years. it gets lost in the democratic party, and maybe that's the idea, but does it boomerang on them? charles: i'm not sure. but to your point getting back to batman, you've got to have -- neil: i wasn't getting back to batman. you did. charles: you have to have those special, you know, something's got to be special about you to build something from scratch. i will never forget the one batman episode, neil, where the riddler was shooting at him and robin with this machine gun and they are behind the bat-shield and all of a sudden, batman gets up and he starts folding the
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shield. robin says what are you doing? he says i counted the bullets. he's out. you got to be special to be able to count the bullets and know, you know, when the get up and fold the shield. we will see what happens with the democratic party but it's not the democratic party of yesteryear, for sure, where they used to at least appreciate the american dream. essentially they are saying it's over and out. neil: look at the time. good job, my friend. he's a super hero in his own right. you don't want to mess with him. you don't want to mess with this guy, either. kanye west. he's seriously considering a presidential run. in 2024. ♪ ♪ (nationwide jingle) (alexa) added "ukulele" to band shopping list. perfect. peyton, what are you doing?
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when i run for president in 2024, we're going to definitely -- what you all laughing at? when i run for president in 2024, we would have created so many jobs that i could have run on a walk. neil: kanye in the west wing? see what we did there? basic cable. it's free, america. you're welcome. he and other celebrities are considering runs and we do this all the time. why not, right? >> sure. yeah. why not. i think he is a very interesting story. i think what he's already said his platform would be is interesting in that it's kind of comban a combination of kitchen table issues and what young people care about. he's talking about making his entire fashion line eke conscious, about bringing jobs back to north and south america,
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talking about diplomatic relations between the two, about how the media has been manipulated to call him out. these are issues that are really interesting and important for us so perhaps he would be this new face of the republican party focusing on jobs, yes, but also acknowledging the need to have an eco-conscious approach and mindset in order to move ahead. we can't deny his capital. $610 million combined with his wife. it would shake things up. neil: he's an interesting guy. you think about it, he's pretty comfortable, you know, in his own shoes here and whacking everybody and even taking the broadside hits that he has, defending the president and all, but he zinged the president too on some things. he would clearly be his own man. we live in an age where everyone can realistically consider yeah, running for the white house. >> right, and a marketing genius. clearly he built this empire. i saw that he also was thinking of changing his name to christian genius, i guess forget
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a big part of his base. wouldn't that be funny. he's created a marketing empire that both of them together have, you know, with her, could she be sort of a hillary to a bill clinton? would that be the way the white house would work? neil: don't rule anything out. maybe that's a post-trump phenomenon. >> we had this assumption that the president and politicians know everything about the economy. well, in many cases, they don't. it's really a popularity contest and it's actually becoming more and more clear that it's just who can sway the voter and unfortunately, we live in a world where there's no economic test for the politicians. they just come and they want to be popular, they want to hand out free things and say okay, vote for me. it's not about knowledge of the economy and i think it's actually kind of a good thing that we're getting to this stage where people are saying who are these people, why are these
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people ruling our lives. and i think american public is now a little more wise and saying we don't need these rulers, these economic rulers. neil: look at donald trump, he completely reshaped the republican party by not doing things that traditional republicans considered in the past. maybe it could be a lesson to democrats not to follow the traditional predictable doctrine. >> that, and two of the things that should not be ignored, that sentiment by kanye west he projected on to people of color essentially saying you are not just a voting bloc en masse, you are unique and here's why you can be galvanized for the conservative party, the republican party, not the democrats. that's number one. secondly, their commitment to criminal justice reform, especially that of his wife. those two additional things i think you know, may not be the typical party we are used to but those are fundamental issues that resonate with voters and are certainly a lot more
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relevant in this day and age. neil: i just like the way he forces, whether you like him or not or question a lot of what he says and does or not, well-published and well-admitted brushes with controversy, he makes you think about why you do what you do. why do you vote this way as a bloc, why do we always assume this way of these people or this -- >> and not to accept the norms. neil: right. and to challenge that. you could be richly rewarded doing that. >> and he has been. right. not to accept the norms. he's made a career out of going against the grain. and survived on it. neil: yeah. he can charge $1,000 for a pair of sneakers. incredible. >> i know. >> you have to get them on the shelf. neil: i saw the david letterman thing with him. it was very interesting. he's a very interesting guy. >> undeniably, yeah. >> north and south together, another kid. northwest.
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neil: yeah. all right. guys, thank you. terrific job. i want to thank you for keeping us in line. a lot more coming up. the dow down 43 points. obviously chewing a lot of stuff all at the same time and for right now looking at our fifth straight weekly advance certainly for the s&p 500, for the dow it would be three weeks in a row. more after this. 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.
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there are zero reasons to invest anywhere else. and you know what they isay about curiosity. it'll ruin your house. so get allstate and be better protected from mayhem, like meow. [inaudible]. neil: where were you 30 years ago tomorrow? tomorrow officially falling of the beryl len wall. on my weekend "cavuto live," ambassador to germany, ric grenell. the lessons all thee years
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since. a look back at a time, years after ronald reagan challenged mikhail gorbachev to tear down this wall. he did. history has never been the same. that was then. to charles payne. charles: thank you very much. good afternoon, i'm charles payne, this is making money. major industries struggling to stay in positive territory after president trump says i will not roll back all tariffs. americans are flocking to movies and flipping homes. we're all over the market. the big theme is, should you buy biten down names like mcdonald's on sale? look out democrats. mayor mike bloom berg opening the door to possible election. is he what the party needs now? buckling up going to mars. is it a fantasy. we'll ask theoretical

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