on sunday. every weekend starts smart with me, 29 from mornings with maria on fox business. start your day with us every morning. that will do it for us right now. have a great rest of the weekend. i will see you again next time. ♪ >> hello, and welcome to the wall street journal at large. were less than one year away from the 2020 presidential election. at this week's election, president trump has a real fight on his hands. democrats who control both houses of the virginia legislator, they also one critical suburban districts in several states including pennsylvania. republicans picked up the race what he did to rally voters even though they lost but seem to

have lost at the race and still challenging. the race is much closer than expected because of the president last-minute campaign. meantime the impeachment inquiry continues with the release of the transcripts from depositions taken behind closed doors. much attention was given to european union. who said he now presumed aid to ukraine was delayed until it would investigate the business dealing of joe biden son hunter. and he told that to trump ukrainian official. the white house responded insisting there was never a quid pro quo. along with the release, democrat adam schiff who is leading the investigation announced the first impeachment hearing will be held next week. the president continues to make a case with reelection attacking democrats over impeachment in the economy. and he summed it up in all-time high for the stock market and all the fake news want to talk about is the impeachment hoax.

what is the impeachment and reelection prospect in strategy exactly? how does he plan to execute them? my guess is the ideal person to ask kellyanne conway and she joins me from the white house. thanks so much for being here. >> an absolute pleasure. thank you for having me. >> let me start they reported this week including wall street journal that president trump wanted his attorney general to publicly declare that the president hadn't broken any laws in his phone call with ukrainian president, you know why william barr refuse to do that? >> the president has denied that reporting was weber. the fact that the department of justice had already waited and there are locals december 26 the state the department of justice, criminal division looks into this and declined to investigate further because they concluded that no campaign-finance violation had occurred.

so the department of justice had a ready put out very clear and compelling statement as to what they assessed this call could mean and not to me. also attorney general barr and white house counsel and the president himself who decided to release the transcript, the entire world has access to the call between ukrainian and american president. >> there was no discussion of william barr doing a press conference saying very publicly, the president broke my laws, and that phone call? >> i have no direct knowledge of that. i know the president has denied it through a series of trea twea private statement and i also think that reporting is a little odd because the department of justice under attorney general barr has publicly stated they sell no campaign-finance violation and no criminal conduct that would rise to the level of department justice investigation. in the reporting saying they wanted the attorney general dale dates to do something and something they already done.

>> this belongs to the ambassadors statement this week. despite what he earlier said, he did understand and presumed that there was a quid pro quo connecting the release of aid from the united states to ukraine with ukraine government willingness to conduct and publicly state they were conducting investigations. so you and the president continues to say there was no quid pro quo. >> what he said originally page 105 and 106 of his transcript for testimony, he called the president and asked him directly, what you want from ukraine and the president said i wanted to do what they ran on, i want them to weed out corruption. there is no quid pro quo. and he corrected his testimony or attic, but to this moment he admits that he presumed that he has no direct knowledge. another witness said their

interpretation and some video said i just assume that. they cannot impeach a president of the united states based on what staffers and investors or any of us presume, interpret, wish, hope, think imply, the competition has high crimes and misdemeanors before extreme events of impeaching a president and removing him from office particularly when he was elected over three years ago and will again in less than a year. >> you say again there was no quid pro quo, but you also say that the president and the president said this, the president -- the whole point was to root out corruption, what would be wrong, why would there be anything wrong with the president saying you need to root out corruption and if you don't we're not going to do what we said we going to do. governments do that all the time they say if you want a we have to require you to do this. why the refusal to acknowledge

there was a quid pro quo. >> we need to rephrase quid pro quo to build a case for impeachment. adam schiff 20s not lying in leaking and cherry picking ten minutes worth of ten hours of an interview subject deposition. is talking about quid pro quo is the road that leads to impeachment. were not going to use their language. you are correct that governments including the u.s. government condition for aid and military aid on any number of factors, every demonstration does that. but the president is saying here, is that ukraine got aid, it had $400 million worth of military aid that one presumes they are using as you and i speak right now. ukrainian president said he noted aid was being held up and he felt no pressure and in fact this is much more aid than ukraine ever got under the obama ministration basically they were sending pillows and blankets in this president gave him $400 million of military aid.

what you just said, if there was a quid pro quo why would it matter it happens all the time. this is something that is reported on the republican senators, i don't know if i have to assess one way or the other but i certainly don't think it rises to the level of an impeachable defense. that maybe when under many reason why not a single republican, in fact to democrats to not allow the impeachment inquiry to go forth because based on what they know from the secret hearings there is nothing that they see that rises to high crime or misdemeanor. >> what is the defense, you said some republicans are saying, the president did say this needed to be done and if they did not do it they would not get the aid, that was perfectly fine. but then you say in other say there wasn't even that condition. it's a confusing message. >> is not confusing -- >> why worry even discussing the

idea. >> why are we discussing impeachment is a real central question. why in the world is the congress not doing its job to keep this economy to help us lower prescription drug prices, getting infrastructure package with broadband, service transportation, air traffic control into the 21st victory it was built for 100,000 annual and now close to a billion. we cannot get them to the table to say without huffing and puffing and throwing arms up and walking out on the business. the real central question, why do we have an impeachment inquiry. your question is it a confusing message, no, if the president were afforded a due process and this were a transparent open process that you or i would be afforded as citizens in the country if we are being accused of a crime or even in a civil matter, we would be able to present witnesses and evidence so the president would argue the

alternative and say there's no quid pro quo but if there was is inot impeachable. >> guess who bears the burden, the people who want to impeach them. >> we have to take a quick break. please stay with us i want to discuss the ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun

♪ we need someone to lean on ♪ blow a kiss into the sun ♪ we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ it's been reported that there's a cyberattack on business every 39 seconds. ouch. i don't even want to think about it. comcast business has a solution. we go beyond fast with a cloud-based security system that automatically updates, so you always have the latest protection. phishing. malware. risky sites. it can help block all of that. it's one less thing for us to worry about. comcast business securityedge automatically protects all the devices on your network. call 1-800-501-6000 today.

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. >> the house counsel kellyanne conway is with us. let's talk about rudy giuliani, he played an important role in the president's outreach to ukraine in the relationship with ukraine. and he was operating one former ambassador said that the state department had a giuliani problem, can you clear up exactly what his role was, was there any relationship between what rudy giuliani was doing in the truck 2020 reelection campaign, was there any connection, any financial

connection, or organizational transaction. >> are not sure he was doing in the ukraine all along but i know he spoken for himself and i would refer to his comments and most recently he reminded everyone that he is the president's personal attorney. and he was representing him in that capacity for quite a while. the july 25 call between the market president and ukrainian president occurred 120 after bob mueller testified to congress which was not a bombshell, it was a big bomb. the multi-report comes out and bob mueller testifies on jul july 25, 1 day later president trump was thinking i want to ask you can president about 2016 and i want to get to the bottom. and then he says wilensky may be the first dimension, but more

important it's wilensky who talks about how the united states is hopeful in the ukrainian president was he sister president trump to drain the swamp and root out corruption. >> giuliani also had this interest in ukraine and we know this is been widely reported. this is not just presumably financial interest, he was representing the president. i saw a conflict of interest, i'm wondering what efforts were made to ensure that that conflict of interest was dealt with. on the one hand going to ukraine representing the president of the united states and at the same time has been business interest. it sounds like a conflict of interest. >> i would need to refer the question to really giuliani because only he can answer them. i am struck by how much the media was trying to stretch their next and say we must

remind our viewers and listeners, there's no evidence that they have done anything wrong or illegal and were presumptively negative good-looking for criminal conduct and when donald trump and really giuliani and even connected with the united states is truly offensive respectively that they are all doing that and why were on the subject of bidens, there like the loch ness monster of the swamp. hunter biden admitted to abc news that he had no energy experience in joe biden has no energy whatsoever but had no energy experience that would qualify him to have a $50000 on month retainer from this energy company in ukraine and move out to china to get more money out of it. but for his last name. it's not just his last name, at the time that he got a seat on the board of energy company of ukraine, his father was vice president. >> i'm glad --

>> was particularly relevant, it sounds rather similar to the position that giuliani found himself in. i never any -- >> giuliani was representing the president of the united states and the reasonable suspicion is that maybe as he was representing a powerful person the president, he was also doing business in ukraine the same way the biden -- >> no you cannot complete the two it all. here's why joe biden was vice president of the united states at that time, he was in charge of the cranium policy and he allowed his son with 0 experience and the right to be there on air force two as it pulleflew to china. this is exactly what bothers people about the swap and what bothers people about political views. it's white donald trump won in the first place. when people say why are you talking about bidens, because joe biden is on videotape and dinner 2018 bragging in front of the council that he was holding

up a billion dollars worth of funding guaranteed to the ukrainians until they agreed to fire a prosecutor until they agreed not to investigate and he said if you don't believe me call barack obama i'm on the tarmac the 90 minute. >> let's take another break and we'll be right back and i want to get your thoughts on the 2020 campaign especially the lack of this week's elections. this week's elections. stay with us. i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick.

i know. (vo) go national. go like a pro. a former army medic, made of the we maflexibility to handle members like kate. whatever monday has in store and tackle four things at once. so when her car got hit, she didn't worry. she simply filed a claim on her usaa app and said... i got this. usaa insurance is made the way kate needs it - easy. she can even pick her payment plan so it's easy on her budget and her life. usaa. what you're made of, we're made for. usaa ♪ diamonds shine like me. they're strong. they're brilliant. i am a diamond. find beautiful diamond styles for all the diamonds in your life, including you.

get 25% off everything. including these one of a kind deals at the early black friday vip event. exclusively at zales. the diamond store. at the early black friday vip event. most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪

>> my guest is kellyanne conway. this week's election continue to trend that we've seen in 17 and 18 and now 19 that the republicans losing support in suburbs like virginia,

pennsylvania and kentucky as well and i'm wondering what you're going to do to reverse the trend. >> make sure that people no the progress of this president and his ministration really are. that includes modern standards of loan employment rate particular among african-american, asian americans, women but also the wage growth of blue-collar workers is significant. in the job production alone bringing the industries back to this country that were flat on their backs, manufacturing, warehousing, mining, construction, the fundamentals are strong and this is an economy that works for job creators, seekers and holders. the last is offering free stops in this president is offering freedom. just do not have job security or job availability but job mobility you can choose a job closer to home if you want less commute.

you can choose the job offers eye and dental. unit is really cutting through the noise and the lies and making sure -- >> i also think he won the ballot in 2020 and a lot of suburbs will come back to him on the party. >> the latest nbc poll, a lot of these suburban areas are white college-educated women in the latest mbc pool last month said president trump the approval rating with college white educated women is 34%. that's the number we below and where was in 2016. a lot of people say the problem here and you blame the media to get the message across a lot of people say is the president's tone those people object to some of the things that he does and says and tweets. will that change ? >> i'm not going to the media i'm saying we have to make sure the message of the people i'm hearing about the presidents privacy for them specifically is one coming to the silent and

being associated back to the president. i tell people all the time, you don't like the tone or tweet or the street, that's great i don't agree with anybody 100% of the time but i will gravitate towards people who have my best interest at heart. and this is the president who for three years has made to our military has had more than $700 billion for each of the three years. our military and veterans have respect and resources that they deserve. >> do you accept that the three year trend does demonstrate the republicans most of partly in the suburbs in this country? >> think the suburban voters will have to look at who is better on healthcare, economy, military, drug crisis, things that hit close to home and we have the resources and most of partly president trump and vice president pence send a message. i will tell you, there were a lot of good thoughts with the

republican party with the president. 13 of the 14 elections in mississippi and kentucky on last tuesday when republican in 17 really close, the president made that race competitive in the first african-american -- >> the first woman ever elected in mississippi attorney general -- >> were talking pennsylvania, wisconsin, michigan, those places. >> in neighboring new jersey republicans stand fairly well, we picked up a simile seat in one of the two democrats who voted them not to vote for the impeachment inquiry is a democratic freshman congressman from new jersey. he had his constituents get down to business and get the trade deal and get usmca i voted on and stop trying to investigate to impeach the president. >> beat them at the ballot. >> thank you for joining me. just the head marks a major anniversary for a declining moment of the 20th century. i'll explain why that continues

to resonate today. ladies and gentlemen, your attention please. geico would like to take a moment to say thank you to our military service members at home and abroad for all their hard work and sacrifice. we all sleep easier knowing you're out there keeping us safe. and on a personal note... sfx: jet engines ... i just needed to get that off my chest. thank you. geico: proudly supporting the military for over 75 years.

but you don't feel good. with polycythemia vera, pv, symptoms can change so slowly over time you might not notice. but new or changing symptoms can mean your pv is changing. let's change the way we see pv. you track and discuss blood counts with your doctor. but it's just as vital to discuss changing symptoms as well. take notice and take action. discuss counts and symptoms with your doctor. visit takeactionpv.com

not all zeroes are created equal. at schwab... we believe investors come first. we work hard to make you happy. with the right combination of people and technology, so you can work with us the way you want.

now with zero commissions on online stock, etf and options trades. part of our mission to make investing more accessible for all. and we're the only firm with a satisfaction guarantee. which is why our zero is better. schwab. a modern approach to wealth management. >> this weekend marks the 30th anniversary of the burning wall. it exploded around the world the day has not aged well. too many people the triumph of liberal democracy that it represented seems to be replaced by a rising authoritarianism across the globe.

people are worried that populace nationalism are threatening the gains from the communism. i think that's gloomy of an assessment. it's important to realize both first and foremost they began in 1989 and resulted in improvement of the quality of life, for hundreds of millions of people around the world. free from communism. also important that those knowing the populace nationalism is a reimagining of it. the -- for globalization that followed the fall of the burning wall and 89 was related into the continued natural and cultural identities. economic political and cultural elites, not itself was harmful to the democracy. marking the beginning of the end of democracy in today's populism with its channels has an opportunity for renewal. one that is rooted in the will of the people rather than the elites that ruled since 1989. it was the first few holes in the wall that made this

democratic revolution possible. that is for us, the leadership update, follow me on twitter, instagram, i'll be up next week with mark and up-to-date interviews. thank you for joining us. ♪ "barron's roundtable" sponsored, very mellow ways and other companies new health talk and price of prescription drug. billion dollar company sitting on piles of cash how barron's exclusive analysis. edward jones chief with her recession quiz. anbarron's"barron'sroundtable" . >> welcome to "barron's roundtable" with the sharpest minds on wall street get behind the headlines and prepare you for the week ahead. i am jack otter.

we began with the three most reported things investor should think about right now. mcdonald's facing a menu of challenges after the ceo had an out. what's next for the giant. how is transforming into a software company and not focusing on the industrial internet of things. worn buffet workshare hathaway sitting on a record cash word and not the only one, he is an exclusive analysis on the "barron's roundtable", my colleagues. the market capped off another week of gains, that is five straight to a new record high. but investors know the market does not always know it goes straight up and one of the things and bad times is the quarterly payments known as dividends. so one of our writers took an exclusive look at some of the

companies that we think are getting a little stingy. >> correct, there are 78 stocks in the s&p 500 that don't pay a dividend in many of them arguably should. you mentioned berkshire hathaway, that one is large because worn buffet is sitting on $128 billion of cash as of his latest report. and he has often said he has held in cash and looking for an elephant -sized acquisition and the elephants are escaping in the cash word is building. so could he pay a little dividend, kitty paid up big would arguably. >> his ability to put cash to smart use. he could pay investors and still have an awful lot of money left over. i wonder if this is not a postwar and plan where the market will be very worried when he goes on ahead, do you think they're waiting for that moment to start paying investors? >> i don't know that it's certainly possible that

investors could see a dividend in the post era. let's hope that does not happen. >> of course not. what do you think, should these comedies pay dividends? >> a lot is arrogance. stocks go higher, many companies have good returns and unfairness somehow good project that they can spend the money on but if the market stopped rising in the next downturn, investors will start saying hold on, you're sitting on this cash, we should put some of that in my pocket. you'll see more dividends initiated when the next downturn hits the market. >> a few more companies we think might have the capability to pay investors. >> alphabet, amazon, facebook, united airlines does not pay dividend the only major inland that does not. >> not a great business for joining cash but if delta and the others do you think it might want to. >> at some point it might. right now they have a lot of debt and focused on that but alphabet, amazon and facebook has a ton of cash in dividends might be in the picture one day.

>> mcdonald's has a healthy dividend but to extend the metaphor farther has a minor scandal on his plate. >> the chief was ousted for consensual relationship with a subordinate in the issue is, for investors, here's a guy has stock over the past five years you made over 134%, that is almost exactly doubled what you could've done in the s&p 500. so he had to go, why he could not find romance over at wendy's, i don't know. you have a new chief and says i'll stick with what is working. so fine, but at the same time there have been some headwinds starting to fall, some cracks that the same store sales growth has decelerated in the projection have come down just a little bit and it seems a little expensive and about 25 times earnings and a has been underperforming just a touch even before the scandal hit.

so for investors saying is this a buying opportunity, maybe a one-time think it'll pass, all by here, i think you could wait for a better price or wait for better results. >> i need to get to you, you have spent time traveling, you are in charlotte, north carolina, phoenix, arizona and even manhattan. tell us about the story you worked on? >> i become a little bit obsessed with the internet of things and trying to figure out how companies can make money from all the data coming off with connected assets. i think i found one, honeywell is making a big push into the industrial and trying to sell software to existing customers, it has good traction so i think i might have found one that might take a digital strategy that everyone talks about and turns it into money. >> can you explain what the internet of things is and how it relates to company. >> all of these devices that we connect to the internet and computing power and storage and

the ability to consult the data is unconstrained so company takes it in a couple of examples and always made for employees and try to take that to the next level like sports stars where they can do body temperature and exertion levels to try and take safety to the next level. in a more normal or easily understandable example, an airline, there's very complicated route planning and with a.i. and some of the products that honeywell is trying to sell, they can save an airline up to 2%. it does not sound like much but airline spent hundreds of billions of dollars around the world each year on fuel. >> that is interesting because the whole country is doing the same thing, moving from making things to using software, their integrating nicely. >> pennington the largest investment firms in america on the next recession and how to prepare your portfolio.

cvs ceo on how the pharmacy giant is working to lower the cost for prescription medicine. that is next. >> one of the things we been able to do is take your benefit design and put it into the positions ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

i need all the breaks as athat i can get.or,

at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> cvs is not just a place to pick up prescriptions and a pack of gum. it has a hand in a most all aspects of healthcare. it offers an increasing array of medical services and the distribution of drugs to the pharmacy benefits manager. larry joins me now, thank you so much for coming in.

you had earnings that pleased investors early this week, your stock popped because of be on sales and earnings as wall street expected. one of the drivers are your growth? >> great momentum in the business and as you look at our business segments, all of our business performed very well. we see strong revenue growth and not supported by strong bottom-line performance. really pleased with the business and outlook as we go forward. >> in the early days you healt launched health hubs and they offer a lot more than flu shots. can you expand what they are and why you see this the future of healthcare? >> we see the retail health consumer, more consumerism in healthcare than ever before. they need to meet people where they are around their health needs and communities in the home to many in the palm of your hand. it's a community destination

where it's not just about convenient health or beauty or personal care items, it's about health related services, the nurse practitioner, the role of the pharmacist and how much more they can do beyond the expense of your prescription and other health related services that can help people on a better path to the health. >> seeking get test of glucose, yoga and so forth, why will this be better for patients in your view and how will it bring a cost? >> we look at the challenges that we face today goes back to the point about consumerism and healthcare. our belief is engaging people about their health and making health part of the regular routine in meeting people where they are. the right products and services, we can improve health outcomes and that improves over healthcare costs. two thirds of americans have diseases in those chronic diseases that account for 70% to 80% of cost. we know those individuals are not achieving the best health

outcome. we can make a difference. >> amazon bought nonprescription startup, do you worry that the next business jeff bezos disrupts will be your. >> we think a lot about how we make sure we don't leave white space to be disrupted by others. we've done a lot of innovative activities and innovation in our dna and when you think about a consumer who loves to shop the brick-and-mortar drugstore but we can deliver to patient homes, mailbox, those are all the things that we've been working on, we have a simple dose where we can deliver prescriptions for the very high utilizing. were working hard not to allow others to disrupt our business model. >> obviously one of the things you do is contain cost. can you explain why you think that's a better way to do it than the government pays for everything system. >> you look today, a lot of the policy debates we see taken ways

before us are focused on access to coverage. we believe there is an important item that is not getting a nearly enough discussion and that the focus on outcomes. that's what our business model is really driving, back to the notion of getting consumers more engaged in their health and that will help improve health outcomes in doing so reduce overall healthcare costs, the private sector plays an important role in enabling all of that and that is our strategy and are focused in the early returns are it's working. >> one more question, open enrollment and a lot of people think, i paid the insurance company and they come back and say they will not cover this. defend the insurance business in healthcare. >> you are talking about transparency and we been doing a lot of work in terms of how you make transparency actionable.

we talk about prescription drug prices, one thing we done is take your individual benefit design input into the physician office as part of your health record. what were seeing is being able to provide that information to the physician, they are switching the drug they were about to prescribe to a lower cost alternative, about 40% of the time in the average savings for the consumer is $90 prescription. those of the things were working on to make cost transparency actionable. >> putting opposition in the pan is probably pleasing. >> at the point that matters. and that makes drug pricing start with a physician is about to prescribe the prescription. >> thank you very much. coming up, our ideas on what you can do to improve your can do to improve your portrtrtrt with sofi, get your credit cards right-

by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. skip to the good part with alka-seltzer plus. now with 25% more concentrated power. nothing works faster for powerful cold relief. oh, what a relief it is! so fast! about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things better and better?' what we make has to work. we strive to protect you. at 3m, we're in pursuit of solutions that make people's lives better.

>> the hardest part of investing is not mental, it's emotional. they lead to bad decisions and a good financial visor will help you separate those impulses from money. our next guest overseas an army of 18000 financial visors and head of edward jones. the only woman to run a major brokerage. to join to make sense of the current market. let's start with the big picture, 30000 feet, ten years and, what your view of the market? >> nobody has repealed the business cycle. ten years is a long time, but fundamentals right now say we have a little more room, unemployment is at historic lows, we have low interest rates, probably not going to negatives is our view, companies are reporting good earnings. it's clear that corporate

earnings are curling over a little bit. we think fundamentals are quite strong. >> and employment is good and all that but the earnings you refer to is reflected in global growth, is the trade war playing into that? >> it could be in the trade war certainly plays into investors emotions which has an impact on the markets. >> a recent survey found that more than half of respondents felt there would be a recession in the next year, we did our own survey and a little more optimistic. what does edward jones do? >> first and foremost the business cycle is still with us and were going to expect a recession or a downturn sometime in the future, who knows whether lb tomorrow or two years from now. our investors and clients need to have their portfolios ready for that. and by having a well diversified

portfolio, stocks and bond and less risk assets. >> within that, each one is made specifically for that client, are there any tilt or anything your strategist see as undervalued or overvalued in making adjustments? >> before the show international is disappointed for a number of years. >> we believe there is opportunity there, good valuations, high levels of dividends, were advising a balance towards growth portfolio tab 50% to 35% in international large-cap equity. >> for most that is not the case, his home country biased and especially hard to do when they have not done very well. but that's what an advisor does. a good advisor will force you to

the counterintuitive things to buy what has not done well. >> exactly right. >> a lot of reviewers are skeptical of the value of a financial advisor. can you make the case why one should pay good money. >> sure. there's a number of research outlets in the past several years that have talked about the value of an advisor we know and advise client has a minimum of 25% more assets than uninvited clients. it gets right to what you were discussing earlier, good financial advisor helps you make decisions that remove your emotions from the market and the decisions you are making about your purple you in your financial future. >> a very interesting thing you discussed, that your advisors are doing, because of the way there working with clients and getting to know them over years, they can spot decline before other people can you explain what you're doing.

>> i was with the veteran financial advisor and he reminded me he works with the family he's been working with for five generations. what happens there we get to know our clients and we know how they think, we know how they behave and cognitive decline can start to show up many years before it's actually diagnosed. all held the association tell us that it shows up first in the checkbook. so often a financial advisor will stop that sometimes before a family wants to admit that it's there. we are actively training our financial advisors and the client service professionals to spot that and to have empathy, the emotional closure that it takes to have those very challenging conversations with the family. >> you have 18000 advisors and 68% of counties which gives you a reach the most companies. anything you see or hear on main street that most of us on the coast are missing? >> when i meet with clients

regularly, i'm hearing them say many of the same things that they've said for years. phrases like, is this time different, you know that phrase. there is no time that is different, every time feels urgent and frenetic about what is going on in the market and what going on with everything in the economy right now 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. there are zero reasons to invest anywhere else. as a doctor, i agree with cdc guidance. i recommend topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain, yet non-addictive and gentle on the body. salonpas. it's good medicine. hisamitsu. ( ♪ )

( ♪ ) the enchanted disney fine jewelry collection. with exclusive bridal styles at zales, the diamond store. with exclusive bridal styles at zales, most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ ♪ do you recall, not long ago

♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ when you rent from national... it's kind of like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there?

♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> investors are always looking for the secret spot that can help them find winning stocks. you write about morgan stanley

finding that could be free cash for. >> given it away, i thought you're going to have a dramatic buildup until people at the end, it's free cash flow. i think people who are frustrated who have been looking around for cheap stocks and is not working in nursing value investing is dead and mathematicians over it morgan stanley did the decades worth of stock found if you do it based on free cashel rather than earnings it's done quite well over the long time not short-term. >> so we should get example of stocks that fit the bill exhibit a will be cvs. you like that stock back in april, you recommended it and it's been a good call. >> it's a 40% since april and 7% for the market. it's been pretty cheap. these stores are just experimenting with expended healthcare services, their showing better results than

regular stores and they're going to rapidly build up. i want to see what that looks like and i want to see what that does for the bottom line. i want to stick with that stock. we've had free cashel and spending on dividends and buybacks and delta airlines, cisco. >> we want you to go to the coming week to make your next move. so give us one actual idea. lauren you like risk and networks. >> i'm a minority there, stock fell 25% in one day after the company gave guidance for the december quarter, inflamed or causing orders from the key customer. it seems for a pause that's a lot of money to lose. >> al, your idea. >> not a tech idea, i love ideas for aggressive traders, ethanol looks like it's ready to bounce. it jumped 11% after earnings, terrible numbers but things look like they're getting better so if you love complexity and government entry and commodities, check out

[♪] [♪] gregg: good evening, i'm gregg jarrett sitting in for the vacationing lou dobbs. for the past 45 days the radical dimms have been trying to subvert and overthrow president trump with a secret sham inquiry. nothing the dimms have done concerns him in the slightest. president trump: every one of those people' have gone out of their way to find the people who hate donald trump, president trump the most. they put them up there. everybody has been absolutely fine. i don't even know