sorry they're laughing. if you want to create a great show. there are sometimes conflicts. it is ongoing. and it becomes exciting. i am a true gentleman, ain't that right, neil? neil: if mrs. varney said so. thank you very, very much, my friend. good mail is getting to reach you. meantime, we're following this whole in and out of 28,000. the record thing, it gets tire some. but it never gets old. we have the s&p 500 in and out of all-time high. investors did i guessing a whole bunch of stuff. president sitting down with steve mnuchin and jay powell. no one was throwing anything. given escalating violence we've been seeing in hong kong and concerns that the chinese have we'll marry that and progress on that with an eventual trade

deal, there is a little bit of confusion to put it mildly. what to make where we go from here, pacer etf president sean o'hara. what do you make of back and forth on the trade front first off? >> neil, thanks for having me. trade front is the headwind to the market all year. back and forth because we had a deal, we didn't have a deal. looks like now we have at least a phase one deal. i think market would like to see that nonsense and that distraction put behind it. so we focus on bigger issues. will we have earnings continue to slow or have they bottomed and picked back up early next year so the market figures out direction they want to go. neil: looking at estimates for next year, first and second quarters, looking close to eight to 9% s that doable? >> i think so. that is what everybody is thinking. keep in mind, neil, the estimates we see consistently

you know report what the actual earnings come in at. 30 straight quarters now of surprises on the up side if you will. i wouldn't overuse the word surprise but i wouldn't be surprised if things are better than than at beginning of next year since that is what everybody is expecting. neil: this is incredible market if you look where the dow is now. nasdaq up to close to 30%. s&p up 25%. how do you see that trending out. >> the market is your friend. we track the market with the simple 1200 day moving average. the markets are significantly above that technical measure. that's generally a good indicator. means there is a lot of positive momentum in the market. until that changes, i think you have to continue to look at the

market as it has opportunity to continue to go in the direction it is heading. neil: thank you very much. sean o'hara pacer etf president out of philadelphia. to hong kong the police storming university, threatening live round if protesters continue violence or continue sticking around. greg palkot there with the latest. hey, greg. reporter: neil, we've been following the unrest up close and from afar for the past five 1/2 months. this looks like the worst stuff we've seen yet. the focus on the polytechnic university in hong kong. last word we're seeing, several hundred students remain holed up there. police are surrounding but skirmishes on the edges. injuries throughout. police using tear gas, rubber bullets, water cannons, live rounds. protesters using arrows and

catapults. hong kong itself has been hit last couple days. thousands taking to the streets. businesses, schools, roads, rail lines affected. hundreds have been arrested in past two days, neil. total for the unrest? 4500 arrests, amazing stuff. all of this had been aimed gaining a little bit more democracy for the chinese territory. it is resulting in a hardening of the battle lines. we heard from a chinese official today. his word, there is no room for compromise. late sunday, we heard from the state department. it is saying in a statement that unjustified use of force on both sides is not requested by the united states and a court ruling today, bizarrely in favor of protesters against a ban on face masks used by protesters. in fact that seems like a moot point in all of this, neil. i think the critical thing for us to remember right now, on sunday there were supposed to be very important local elections

throughout hong kong. it was going to be kind of a stab, at least in the direction towards democracy. the latest word we're hearing from one of the top officials representing mainland china in hong kong, doesn't look like that will happen. that will cause even more problems. back to you. neil: when they don't need it, greg palkot, thank you very much. while greg was reporting, hong kong officially in recession, what could be protracted one. former u.s. ambassador to china under president barack obama max baucus. thank you for taking the time. >> thank you. neil: when you hear the news things escalating with the protesters, hong kong is technically in a recession, it could last a while here, a lot of businesses are very leery of having full staff there to say nothing of even doing business there. where do you think this is going? >> it is not yet fully resolved and i am a little concerned it

may have to get worse before it gets better. i was in hong kong just a week ago. as you might expect the airports are virtually empty. it is eerie. streets were actually blocked off in some parts. very eerie. i think essentially protesters feel they have virtually nothing to lose. their economic future is not good. it is hard to get mobility in hong kong. second, they're worried about the political future. they see main land china tightening the screws in hong kong. they're worried in 2047 when hong kong is handed over to china there could be another chinese city under a more repressive china today than what they saw a few years ago. so the protesters, i think are just going to keep ratcheting it up, ratchet iting up they run out of steam because the business community cannot stand anymore of this. they're also, are hoping,

protesters to get international help, international support. they know they cannot on their own win because of the hong kong government and mainland china will not let them prevail. but, they're going to protest. escalate, i think it is a either, they cry uncle because internally it is too difficult. they realize that the international community isn't just going to be there. neil: so if you're china, you're worried the united states will link what is going on in hong kong with these trade talks, that could explain what seems to be a hiccup or delay getting all of this to people's attention. what do you think? should we link the two? >> that is, you know, obviously xi xinping is very concerned about hong kong. hong kong is -- for him actually. this is not your question. if the united states gets involved on behalf of protesters

that would be very difficult prospects for trade talks. china would not stand for that. so i think hong kong developments are slowing down the trade negotiations. we've heard about maybe a interim deal, trade deal. but you know frankly, china also has other reasons for perhaps slowing down a trade deal. that is impeachment. they're watching to see what happens to president trump. will he still be around in another year or two? that makes it a bit difficult for stability, for confidence putting together a trade agreement. that is slowing things down on the trade area. neil: thank you very much. all breaking news, to your point a recession gripping hong kong might get the chinese to do something much more than any violence ensued against protesters. keep you posted on that. keep you posted on the president weighing in on a lot of on going impeachment hearings. maybe deciding to testify himself? after this.

♪ e ( ♪ ) ( ♪ ) the enchanted disney fine jewelry collection. with exclusive bridal styles at zales, the diamond store. wow! giving one. how did you guys...? >>don't ask. the lexus december to rembember sales event get 0 percent apr for 60 months on all 2019 models. experience amazing at your lexus dealer.

now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks.

♪ that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year. and now get $250 off google pixel 4 during xfinity mobile beyond black friday. that's simple. easy. awesome. click, call or visit a store today.

♪ neil: welcome back. public hearings set to intensify this week as president signals openness to written testimony. hillary vaughn with the latest on that. reporter: house speaker nancy pelosi finally has an idea that the president actually likes. the concept he would show up in person and provide his own first-hand account to impeachment investigators. the president tweeting this, saying pelosi suggested that i testify about the phony impeachment witch-hunt. she said i could do it in writing even though i did

nothing wrong and don't like giving credibility to this no due process hoax, i like the idea and will in order to get congress focused again, strongly consider it but somehow democrats are not convinced the president will go through with it. >> so i think the chances that the president would actually come and testify, answer our questions to be deposed, are slim and none. slim left the room, julie. i think it's a moot point. reporter: some republicans don't think it would be a good idea for the president to play along what they say has been an unfair process all along. >> heck no, from me as far as my advice whether he should come testify. the president to sit through that while these people just scream at the sky inside of longworth 1100 is not the right scene for the president. he should focus on priorities of country, not bring him down to adam schiff's level but below it reporter: republicans are

looking for republicans in the senate for then on ukraine's behavior. nunez writing a letter to senator ron johnson for first-hand information relevant to the impeachment probe. johnson attended president zelensky's inauguration in the spring and he also was on calls with the president and eu ambassador gordon sondland. neil? neil: hillary, thank you very much. it was big news when a liberal had to say that a democrat, cathy row warning impeachment may not be in the interest of the democratic party. take a look. >> there is no win if a lose-lose situation for the democrats and the country. it is an election year. we're getting so close. neil: do you think it is boomeranging on democrats. >> it will backfire. taking away rights of voters and rights of democrats. neil: she was wearing green, suddenly indicate more we push

this more the economy loses. she didn't orchestrate that at all. i found out interesting. fox news contributor liz peek what she makes of that. >> i think she is totally right. i think adam schiff has done a terrible job managing this impeachment. i don't think they should have done it at all. but to have it first set up as clandestine, partisan behind the scenes effort that the republicans very ably took and branded as something unfare, un-american, et cetera and simply a political attack on the president. adam schiff opened the door to that. and worse, in doing all that, having those meetings and then leaking judiciously parts of testimony damning the president, interesting he created a huge bore of this televised presentations. we knew what these people were going to say because we already knew what they already said. i thought it was the dumbest thing. let's step back for a moment. what else has he done?

he made joe biden's history of being, senior person in the obama administration point person in ukraine and china now something that is compromised by the fact that his son took advantage of that. okay, most people will say, that's politics, whatever. neil: hunter biden come to say he regrets it. >> doesn't look very good, particularly doesn't look good in ukraine which is notoriously corrupt country. neil: you said before, don't think moving needle either way, if you're a democrat want him nailed to the wall and republican you're much against it? >> we see minds are made up. i don't think we'll hear anything that comes out of next several days testimony that will change that but let's also remember the other dumb part of this, excuse me, it is dumb, you end up with a senate trial. we all know they will vote to impeach in the house. you took away the punch line. neil: you take that as a given? >> it is always a given. what will happen in the senate.

he will be acquitted. meanwhile if the senate majority leader mitch mcconnell is a real meanie, he will keep that going as long as possible. you have six democrats running for the presidency will be tied up. they're absolutely required to be in that chamber listeningingo the some. neil: one of kathy arue's issues. be careful what you wish for. not changing any minds. i'm taking leap when she was with me on saturday, independents you need to close the deal on selection, they might be offended by the whole thing? >> i think they kind of consider it pretty partisan. whatever side you're on you know this is political stunt. even "the new york times," which is obviously a trump-hating organization, front page today, like voters are tuning out. they're not paying attention. it has gotten so in the weeds, neil, even i have trouble following who said what to whom, was it first-hand, third hand. by the way if you ask most americans where is the ukraine, they will have no idea. neil: one thing interesting, a

couple people will stop me, neil, worst-case scenario for the president, one thing that always comes up with guests who say well he knew and w head aid to ukraine, if he didn't get this dirt on joe biden. >> right. neil: that is the worst, worst-case scenario. president said it didn't happen. even then they say so? >> americans are lying down in the street over what happens in ukraine. that is not a big issue. neil: watergate. as couple hearings going on couple democrats said, we had revelations nixon writing million dollar checks, emergence of the tapes, paying off people, clear obstruction of justice. i guess they're clinging more revelations coming out of that type. i don't know. >> they have now pinned their hopes on gordon sondland, the problem he already reversed himself, changed his testimony. what happened there? is he telling the truth the first time, the second time? he is getting along to get

along? i don't know. neil: go back to the worst-case scenario. the worst-case scenario for bill clinton 20 years ago did he lie about an affair with an intern. turns out he did. >> under oath. neil: under oath. american people decided judging by polls, backdrop, economy, wasn't worth worrying about. worst case here there was quid pro quo. you have republicans saying move on. >> it was extremely unlikely. it was always unlikely that trump would hold up the aid for a long period of time. neil: they got the aid. >> you knew they were going to get the aid eventually. he would push them until they did the investigation. neil: why the markets ignore this, liz. >> markets no nothing will come of this. at the end of the day, look at trump's approval ratings. they are higher than the average of his time in office so far. neil: when do markets -- watergate was a different beast, we had oil crisis, stagflation, other things weighing on markets

but when do you think the markets could potentially turn? when it gets somewhere or what? >> the day they might impeach you might get a hit on market. people are focused what is going on with trade talks with china. holiday season, i haven't heard anybody talking about holiday season. october retail sales were unbelievably good. we could have gangbusters end of year which by the way has to drag manufacturing along here. you can't keep selling stuff without making stuff at the end of the day, we could have a lot of enthusiasm, a lot of momentum that housing industry would pick up. neil: thank you very much. brainiac, liz peek, also a fox news contributor. markets in and out of records, dow, s&p. nasdaq having a little fight of it. forget big tech. what if i told you now the new cool thing could be big oil?

i'll explain. for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th.

nationwide hso you can plan for your futfor retirement and save for college. oh, that explains this. the nationwide dome. state-of-the-art venue. 80-yard screen. fantasy sports lounge. climate controlled seats. sushi bar. club level pool. really? lastly... retractable roof. whoa. are you kidding me? peytonville showed no mercy. go peytons. (pop) kind of lackluster. eh, still working out some kinks. who they playing? the brads. worst team in the league. of course. (people talking) for every dollar you spend at a small business, an average of 67 cents stays local.

shop small and watch it add up. small business saturday by american express is november 30th. neil: either a sign of confidence or arrogance. saudi aramco, skipping european ipo road show after lowering the valuation target from 2 trillion to $1.7 trillion. feels that is kind of the sweet spot. price futures group senior analyst phil flynn what would be the largest offering in human history. i don't know during the 100 years war if we had anything inflation adjusted, phil. this is biggie. supposedly a big deal it has come down a couple hundred billion. it is still off the charts. >> it is off the charts. the biggest ipo we'll ever see, maybe ever, still disappointed in saudi arabia, let me tell you why. the crown prince, mohammed bin salman was hoping for two trillion valuation for the

company and he got a bad global response from the global investment community on this ipo. the cancellation of this road show really shows you that the saudi government really vowed to sell it to the rest of the world what should have been a no-brainer. here we are selling the most profitable company in the world, and we can't get enough foreign investment interest into the trade. there is a lot of problems. part of the problem is saudi arabia itself, crown prince bin salman, i don't think he did a very good job selling this ipo. he was asking really for too much, too much for this company when he didn't really expect to pay out a yield, really on par with the other big oil majors, like exxonmobil, chevron and shell. neil: wondering if it isn't received well, i always like to play it out, is it a reflection on say saudi arabia, anything, anyone connected with the kingdom or a bigger indictment of traditional oil. what do you think?

>> i think some people believe it's a bigger indictment of oil. they're talking about peak demand. some day in the near future we'll not use oil anymore. i don't personally believe that. but some people do. so i think it really goes back to an indictment of saudi arabia, the killing of mr. khashoggi that was a negative. a lot of people don't want to be associated with that. the ability of people to sue saudi arabia for things they couldn't before when it was state-owned company. for example, global warming concerns. risk of the no-pac exchange and 98% of the company is still owned by the saudi government they are making the major decisions, expecting other people to put in billions of dollars. that doesn't usually work out that way. neil: making sense what seems to be off the chart figures. taylor swift record label fight, now, becoming a big 2020 fight.

we'll explain. ♪. i am the twisting thundercloud. i am royalty of racing,

i am alfa romeo. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid.

the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid.

i need all the breaks, that i can get. at liberty butchumal- cut. 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. ♪ ♪. neil: taylor swift's battle with big machine records is spilling into the political arena. elizabeth warren slamming private equity firms using swift as perfect example how they can

use poor unassuming singers who are gazillion. grady trimble in chicago. reporter: tailor swift in the tweet about this record dispute, contract dispute mentioned private equity firm the carlyle group. carlisle group put up some of the money scooter braun's company used to buy her old label. she says she can't perform the songs because she doesn't own masters. that caught attention of several politicians. elizabeth warren said they're globalling up more and more of our economy, costing jobs and crushing entire industries. it is time to rein in private equity firms and i have got a plan for that. congresswoman alexandria ocasio-cortez weighing in as well, calling private equity firms practices predatory, saying they hurt millions of americans an claiming leveraged buyouts have cost more than a

million jobs, she specifically roverring there to the retail industry. the carlisle group, i reached out to them, they have no comment but pointed to data for advocacy group for the private equity industry. that data says almost nine million americans work for companies backed or own by private equity firms. millions more jobs are supported by private equity firms. of course, neil, a lot of companies or a lot of public pensions i should say pour money into private equity firms because the returns are good. so those pensions are supporting firefighters, teachers, all sorts of public careers. neil: i think in her heart of hearts she kind of knows that but it's a good political stump speech. thanks very much, grady. elizabeth warren certainly using one of the highest paid celebrities to make this point. again whether it resonates to voters. former bain capital partner ed

connard. what do you make? >> i think elizabeth warren's of the world have a great argument and i don't agree with it. if you buy companies, and flip them, doesn't seem fair to the employees. it is pretty responsible investment management team if you find opportunities. most small businesses know it is hard to make honey as an investor. neil: you were advisor to mitt romney with the presidential run with the bain capital and many people remember the layoffs. how do you counter that? >> most cases when you see layoffs, steel industry, paper industry, you see major strategic things going on in the economy. no way private equity is trying to wade into the circumstances to make investments that would turn out to be very poor investments. neil: she is not a dummy. she knows it is kind of thing that generates enormous publicity to the point, i have billionaires mad at me. all these wall street financiers

mad at me and she campaigns. >> i think you're making a decision about whether or not you want laws that defend the status quo or you're going to suffer through the creative destruction of the u.s. you see europe has been captivated trying to defend the status quo. their household consumption is 30% below the northern european household consumption. 30% below what it is in the united states. if you look at amount of temporary jobs, because they have a lot of mandatory employment. 14, 15% of their jobs are temporary jobs versus only four or 5% in the united states. if you try to defend the status quo, if you look at productivity, for example the has grown 50% faster than northern europe since 2000. when you try to defend the status quo against the pain of creative destruction, in the long run it has a big effect on the prosperity of your middle class but seems very appealing to people in the short run -- neil: whole idea of wealth tax

is appealing to her and maybe progressives in democratic party even though the europeans themselves tried that, had better than a dozen in the '90s trying it now down to two or three. europeans she holds up as a model it isn't their cup of tea. >> when you say i will tax somebody else give you benefits, a lot of people sign on for that. the more exclusive the taxation, 50 billionaire, 100 billionaire, get higher and higher on number more people will support that i think it is very difficult -- neil: even in a general election, if she were democratic nominee i would think the president would have a field day with that saying the just the opposite. maybe not. the base is so impassioned by it, that they turn out in record numbers? >> i think she will have a difficult time winning because her positions are extreme but i think the way to beat her easily keep showing comparisons between the united states and europe. on almost any dimension you want to look at, number of billion

dollar start-ups created in u.s., six times what they are in europe. stock market is up 60% since the president was elected, versus 20, 25% in europe. by any measure of comparison what you see in europe, extremely slow growth, much less prosperous middle class. ultimately the laws that she wants to pass, taxation laws or preventing private equity from getting in there, trying to manage companies more effectively than being managed have big impacts on the economy in the long run. neil: let me ask you this you're very close to mitt romney. very close to the president. how do you do that? >> keep my views to myself. [laughter] neil: you like them both, a great deal. wondering, they have had their differences. just, leave that off the table? >> i think they have tremendous respect for anybody willing to dedicate their life to public service, particularly the people like president and mitt romney

who walked away from making enormous amount of money from the private sector to make the united states better. you have respect for both of their views, how they get there i have my own points of view as i argue but it doesn't really matter. i haven't changed many minds. neil: playing the role of switzerland. very good seeing you. very tight and close to some of the key players, diverse as they are within the republican party and including mitt romney. the president of the united states. ford is taking aim at electric cars, including this hot new mustang that is coming out. is that a sign that tesla better look over its shoulder or rear-view mirror, something like that? 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. keeping your people happy is what keeps your people. that's financial wellness. put your employees on a path to financial wellness with prudential. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks.

may your holidays glow bright shipsticks.com saves you time and money. and all your dreams take flight. lease the c 300 sedan for just $399 a month at the mercedes-benz winter event. hurry in today. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk.

side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. neil: we knew that ford was toying with electric vehicles. when we heard it would be a mustang, everyone said, whoa whoa. jeff flock has the latest on

that. hey, jeff. reporter: neil, i'll tell you, this is big stuff for ford because this is one of their most iconic name brands. this is the car of the hour. esteemed members of the automotive press here chatting about this vehicle. this is the performance version. last hour on the varney program we showed you the premium version. this one goes zero to 60 in 3 1/2 seconds. what can i tell you about this? you can decide yourself whether you think it looks like a mustang. from the front, absolutely, got to believe it. you have the iconic badge on there. look at it from this perspective maybe it looks like a regular car but a lot of cool things here. press that button, the door opens up. always nice when it actually happens on live tv. if you go inside, can you see inside? look at the screen, tablet screen in there, something you say they borrowed from the folks at tesla. kind of looks like that. this is a tesla -- in some ways.

this is the premium version. by the way if i show you the back. is it an suv? yeah, it has room. charles payne wouldn't in there very well. but it seats five reasonably sized people. i want to show you the other premium version if i can. that is the back tailgate. you see the lights look like a mustang as well. pardon me as i marching through here. i want to show you the premium one as well. price on the lower end of it, 37, roughly $37,000 after the rebate that you would get from the federal government of $7500. of course some states have other rebates as well. as i said, kind of cool on the push button door, and oh, they closed it. i don't know if i can open the front for you. maybe i'm out of time. i'm out of time. anyway, the front, no engine in the front because it is electric. there is a cooler up there, essentially. you can put beer and i.c.e. in

there. if that interests you, sir. neil: any room for like hoagies or anything? that depends on the driver i guess, right? reporter: whatever you want. yes, sir. neil: how much does it get on full charge? how much does it get on a full charge? reporter: this one, this is the premium. 300-mile range on a full charge. the lower priced one about 230. you go from 10% to 80% in 36 minutes. so, on a fast charger. so you can't plug it into your bedroom, but a fast charger. so you know, this is starting to get to the point where it almost works for people, you know? not a 30-mile range. it is a 300-mile range. neil: that makes a big difference. you're i quite right. thank you my skinny friend who fits nicely in the vehicle. good to see you in the meantime. is this something saying about the whole electric strategy

here? very view cio scott martin. what do you think? >> cio by the way, neil. it is interesting, a sign of the times as far as the electric vehicles, when it is a ford mustang that goes electric? ford, goes to show you ford needs to do something. one who could look at the stock over the last five years could tell you that the company has been falling behind. not only is revenue not really increasing, cash flow, free cash flow numbers are not impressive, the product line does need a jump-start but whether this goes into the electric vehicle side into the mustang is anybody's guess. neil: a lot of doubters along the way with this technology, myself included and the big worry i had for it, how much you get on a charge. nightmare scenario, stuck on a highway, a long way from any charging station. now they're are charging stations, they're breaking the 300-mile mark, does that change

the game dramatically, doesn't it? >> a long way from a doughnut shop in my case. holidays are coming up. people are traveling for thanks giving, christmas, whatever, you celebrate, go to the in-law's house or direct relative's house you have to get a charge somewhere? you charge up your car. you go 300 miles. you have to get it charged somewhere. having a hassle figuring out where you do that, interrupt the whole flow of the vacation if there is one. neil: a lot of that is technology where they tell you where the closest one is. proprimary to tesla or nissan, i don't know quite how it all works or is it ubiquitous? have they settled it? >> they're trying to. like you said, technology is allowing some of the car owners to find charging stations that are nearby, more convenient but let's face it, this is a vast country. seems like a lot of my relatives still live in obscure places. so that charging station, you have to plan for on your way. so it is just something more

that you have to consider when you do step into the electric side of these vehicles because yes, i think they're beautiful. the one jeff showed is pretty slick. it is a cool design. it has interface inside of the cab on the car, there are other things that come along with the responsibility of car ownership you have to keep in mind. neil: point out very well. you and jeff are thin and fit enough to fit in them. unless they come up with something slightly bigger i have to wait this out. >> i'm sure they work on it. neil: scott, thank you very much. kanye born again. why kanye west is taking his sunday service on the road. he just recruit ad megapreacher after this. watch it add up. small business saturday by american express watch it add up. is november 30th.

♪ 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, now extended through november 19th. exclusively at zales. the diamond store. now extended through november 19th. (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th.

and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪.

neil: all right. t-mobile ceo john legere is ready to step down as ceo next year. there is a lot of back and forth there we hope to give you more info what are the possibilities for him, the possibilities for the company down the road. meanwhile 28-year-old bernie sanders supporter managed to successfully trick joe biden's campaign. wouldn't you know charlie gasparino who loves stories like this has more. >> because it says something about the biden campaign. we had don peoples on here couple weeks ago, it is completely disarray. he wants to get in touch with people. people won't call him back. he wants to give money. this open as window to the biden campaign. over the weekend i got an email from a source. look where joe biden is having a sponsored debate party. the campaign is sponsoring a debate party in south florida where this guy lives. it is at jeffrey epstein's residence, 385 elbrio way. if you live down there you know

where jeffrey epstein lives. so many talk about that residence, the infamous place where he allegedly molested young girls. neil: he is dead now. >> he is dead now. neil: the address is famous. >> okay, joe biden is holding a, there is a biden campaign debate party there? which often act as fund-raisers. so i look at email. the link went right to the campaign website. so it was like, vetted by the campaign. and you talk about how it will serve free pizza, roadside parking, contact this one gentleman. i wrote it all up in the foxbusiness.com. so i contacted the gentleman. it was a 23-year-old kid who sounded like he was 28-year-old kid he described himself as who, sounded like he just spent the whole night partying. i said are you the gentleman that is behind this? he says, i am. he goes. it's a joke. i can't believe the biden campaign fell for it. i'm a bernie sanders supporter. he tells me how he basically

filled out some application. it got reviewed to create a fake party. he also said he obsessed with the whole epstein story because it is crazy, he doesn't really think he killed himself. he put it all together. he wanted to prank joe biden. now he did. this email was apparently send out pretty widely in south florida. my source got it. the kid told me has gotten a dozen phone calls from people telling him they want to show up. and then after i called -- neil: they want to show up? >> after i spoke with him, he said he was going to take the website down which apparently he did. bigger point here, neil, is this. i think if this can get through the vetting process of the biden campaign, they have -- did it though? >> it did. neil: how do you know the biden campaign was running with this? >> this is how i know. they sent the email out. we checked this all out. they had a link to the official website so you could see on

their website a link from the email. from the email there is a link to the website which talks about the event it seven. this got through. there is a process of doing this. neil: have they admitted they made a mistake or said anything? >> they haven't returned phone calls and emails for comment. neil: because they could argue ignorance is bliss, right? >> if you look at the website, they get all these things. if the application is vetted, paraphrasing here, it is in the story, it is on foxbusiness.com, the application is vetted and approved. neil: it never mentions epstein's name. the address is famous but beyond that you would never know, if you didn't know. >> if you didn't know. if you googled it, telling you, i knew it. el brio way, whoa that is epsteins. i looked at the number. it is really a funny story. it says something bigger what is going on with biden. has a hard time raising money. not a great organization. neil: has a lot of pressure right now, certain billionaire, michael bloomberg making news on

reversing his "stop-and-frisk" policy. take a look. >> i got something important really wrong. i didn't understand that back then the full impact that stops were having on the black and latino communities. i was totally focused on saving lives but as we know, good intentions are not good enough. back then i was wrong and i'm sorry. neil: what do you think? >> i mean it means he is running. neil: that is is unequivocal. >> i don't think you apologize something like that. i'm not say i was supporter of stop-and-frisk. i actually do have some issues, but it did have the intended result, it took down crime dramatically. not saying it did not have unintended results because it did obviously. you know -- neil: clearly he is reaching out to african-american voters. >> if you notice, something very interesting here. you haven't heard much criticism of stop-and-frisk from the

reverend al sharpton, from jesse jackson, from the sort of, will you consider black leadership in the country. i think part of that is because, he is trying to head it off. the other part is, he spreads so much money around over the years. i'm pretty sure you know, michael bloomberg is giving money to the national action network for example. neil: al sharpton said one speech does not a policy make. where do you see it going there? i agree with you it is the most serious example of him being very serious about running. >> i think he will be able to get through it. because i think he has built enough goodwill, spread enough money around, for in these organizations. remember, jesse jackson runs operation push. just so you know, i have not looked at his campaign disclosures i don't know if bloomberg gave him any money but that is typically how -- neil: will he survive this, do

you think? >> i think he has spread enough money around to various organizations. neil: what kind of a threat is he as the democratic race heats up? >> kyle smith wrote a great article in the post, i love kyle's writing, because he annoys everybody in certain way, the guy telling you to do things even though people hate that. smoking is not good. neil: big gulp. >> we have socialized medicine in new york city. neil: yes, we do. >> you don't want to subsidize people's obesity and diabetes, stuff like that. it makes sense what he does but people don't like being told. so he annoys too many people. i don't know if i agree there, because i think he was such a good mayor and such -- neil: he was very good mayor. >> decent manager, smart guy, he would be good in that office i think. neil: we shall see. always good seeing you. thank you very much. dow up about 11 points. that is all you need for a record.

all you need eyebrow-raising see the president of the states with jerome powell at the white house. to be a fly on the wall for that? what if the fly didn't understand english? ♪ 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. ♪ keep going, keep going. [maniacal laughter] gold! right, uh...thank you, for that, bob. but i think it's time we go with gbtc. it's bitcoin exposure through a traditional investment account.

nice rock. it's time to drop gold. go digital. go grayscale. va mortgage rates have just dropped to near 50 year lows. loans, veterans can refinance their va loans with no income verification, no appraisal, and no out of pocket costs. newday has extended our call center hours so that every veteran in america can take advantage of this unexpected drop in interest rates. one call can save you $2000 every year.

to start saving on your next mortgage payment go to neil: all right. a strong start to the trading week, as the market's at new records. the dow opening at 28,000 and then some. the s&p 500 in and out of all time highs. nasdaq not following along in perfect concert, but it has been a remarkable run for the market. edward lawrence has the latest on what might be driving it. optimism, i assume, about the trade thing, huh? reporter: yeah. optimism moving forward slowly inching toward that deal on paper. the primary level trade negotiators had another call working to get that phase one deal on paper. now, the chinese commerce ministry saying this about that phone call. the two sides have engaged in

constructive discussions around the respective core concerns of the phase -- of the first phase of an agreement and will continue to maintain close communication. the administration has said they were sticking to the apec timeline for the signing of a phase one deal with china. the president has said it, the white house economic advisers have said it. had apec not been canceled, president donald trump would not have had anything to sign as it stands. the summit was to conclude this past weekend. the two sides are still working to get that phase one deal down on paper. the chinese have been consistent that they want tariffs rolled back or removed. the u.s. wants to use tariffs as incentives for the chinese to actually follow through with a trade deal. now, in what could be seen as more good will, the commerce department today extended the temporary general license for companies to sell to huawei, another 90 days. the temporary general license was set to expire tomorrow. well, now companies can sell to huawei until february 17th so

you have good will here, you had the chinese buying soybeans and now lifting the ban on poultry so good will on that side. still inching, though, towards that deal. it's not quite on paper yet. neil? neil: thank you very, very much. now what could be a global concern for the markets, all of this hong kong violence that's escalated and now a lot of the chinese troops involved aren't exactly masking their identities. independent womens forum foreign policy [ inaudible ] joins us by phone. what do you think? where is this going? >> i think this could be going to major bloodshed. i'm sorry to say that. but that's what the metrics point at at this stage. neil: what do we do? a lot of people have been linking the trade talks to progress on this front. the chinese saying this is none of your concern, we will deal with it. what do you think happens now? >> yeah, i think free trade is a glorious thing. i'm all for it. there is one thing that tops it and that's serious matters of

national security. that's what actually is part of this picture in hong kong even for the united states. this is a real onslaught by china's increasingly repressive regime under dictator president xi jinping against a free society which china promised would enjoy rights and freedoms and real elections for 50 years after the british handover. that's 2047. china is reneging on all of that flat out, bringing troops on to the street even if they were wearing teeshirts and shorts and just clearing up the road, is a really bad threatening sign because it's very easy for them to go right back into the barracks and emerge fully armed. that's the implied threat. the violence that's been going on is because china is giving nothing to honor its treaty promises, dealing with a free society with threats and force.

we need to address china as a country that's behaving that way towards what is effectively part of our own free world. neil: thank you very, very much. we hope this doesn't come to that kind of thing but it's already close to that right now. by the way, we are getting a bulletin in the ear concerning the president and remember the mueller investigation. house of representatives now looking into whether the president lied to special counsel bob mueller in written answers he provided in the russia investigation. the house general counsel has filed in federal court on monday, did the president lie, was the president not truthful in his responses to the mueller investigation. the general counsel telling the u.s. court of appeals in district of columbia circuit why the house needs access to this grand jury material to prove that was the case or not. the markets having wind of this have not really moved one way or the other on it. more important obviously is what's happening on the trade front and also, an interesting

meeting at the white house today involving no less than the president of the united states and the federal reserve chairman. blake burman with more on that. blake? reporter: would you look at this. what came out of the white house seemingly out of nowhere this morning. president trump meeting with the chair of the federal reserve, jay powell, earlier today, as you said it was kind of a fly on the wall moment. afterwards, the fed gave their readout of what happened, saying that the president who met with powell and also the treasury secretary steve mnuchin talked about the economy, growth, employment and inflation. the fed saying of powell quote, he did not discuss his expectations for monetary policy except to stress that the path of policy will depend entirely on incoming information that bears on the outlook for the economy. president trump then gave his own readout afterwards, taking to twitter to say quote, just finished a very good and cordial meeting at the white house with jay powell of the federal reserve. everything was discussed including interest rates, negative interest, low inflation, easing dollar strength and its effect on

manufacturing, trade with china, eu and others, et cetera. as you know, neil, there has been no bigger target of president trump than powell over the last several months, if not year plus, and the president, even the other day, threw his weight behind something powell has said would not necessarily happen. at the economic club in new york, the president talked about negative interest rates. listen. >> give me some of that. give me some of tahat money. i want some of that money. our federal reserve doesn't let us do it. i don't say -- thank you. thank you. the smart people are clapping. only the smart people are clapping. reporter: it has been one criticism after the next of jay powell from president trump, though powell has been on record multiple times saying that he will not let politics get in the way of monetary policy. neil? neil: blake burman, thank you very, very much. want to go to mike murphy on

this. rosecliff founder. we are looking at the s&p turning a little bit south right now but the fact of the matter is that major averages in and out of records, so all these worries notwithstanding, they are still buying. >> they are still buying. i think there's been a lot of cash on the sidelines this year waiting for the next shoe to fall, whether it be a fallout from the china trade deal or impeachment, something where a lot of people have taken a bigger position in cash than they normally would. now as we are getting looks like a china deal in some form of deal is coming, the impeachment process is going on but doesn't look like it's leading to too much, yet you read weekly that the markets are hitting new highs. i think a lot of people are saying time to get some money out -- off the sidelines into the markets right now. that's what's pushing the apples, microsofts, walmarts, disneys, nikes, to new all time highs. neil: the markets are ignoring this whole impeachment thing, they don't think it's going to

go anywhere. that's the prevailing view, right? >> it is. i think the market will give us a sense if something seems to change from that but i think right now, it's looking at what's going on in washington and looking right past it, that's going to drive this market is china and earnings. if earnings keep up, we are in a good place. investors will happy with the return. neil: there are very robust expectations for earnings next year, certainly the first and second quarters, if you combine them, in excess of 9%. are you in that camp? >> it's tough, looking out to next year, so many things for certain will happen and change between now and then. rather than saying what we are going, you know, i'm not someone who says s&p earnings will be up 9.642% next year. what i do believe is if the economy stays as it is, growing the way it is, if the president is able to keep jobs out there, wages growing and we get a deal from china, i expect the large u.s. corporations will have another great year which means higher stock prices. neil: this meeting with the president at the white house, steve mnuchin was there,

treasury secretary, jerome powell, the president, how do you think that all went down? >> it would be great to be a fly in the wall. i don't know. the president is -- to have a face-to-face meeting with your boss who is knocking you on social media on a regular basis, it would be at the very least a little bit awkward. but i think the president did call for lower rates when the fed was raising rates, and in hindsight it looks like he was right with that call. i think keeping rates where they are right now, because of the global economy we are in and the global interest rate environment, i think that was the right move and the fed, now, let's keep it simple. rely on the data. if we need to raise rates because the economy looks like it's heating up too much, let's do that. if it looks like we need to lower rates to spur the economy, let's do that. if we keep that as simple as that, i think that's the best thing for investors. neil: we are kind of data dependent now and that will dictate where things go? >> it took awhile to get there but that's where we are, yes.

neil: i know politics can't enter into what you do, but the political environment is such that the president should probably be in a stronger position given the strong economy, given the markets, obviously, all these other issues that come up are holding him back a little bit. if an elizabeth warren emerges as the nominee, and it's way too soon to tell, you often remind me of that, it seems like the white house wants that kind of a scenario, because they can pursue the idea, you know, say what you will of us, she is going to be a lot worse. >> yes. and i think that would be a pretty easy narrative to draw up and to sell, because anyone who is out earning a living, trying to run a business, build a business, is not going to be happy with elizabeth warren's policies. not just billionaires but the vast majority of people who are out working don't want money taken from them to be given to other people. so i think trump, although he will call out mike bloomberg or call out joe biden, i think lining himself up against

elizabeth warren would be i think kind of the easiest fight for the white house. neil: when you talk about the market right now, the cash that's being put to work is not nearly the amount of cash that's still out there and a lot of bulls refer to that as a good indication that this bull has a long way to go, because so many are still cautious. do you buy that? >> i do, for sure. you know, i think rather than looking at the whole picture or people will tell you it's been a nine-year bull market and it can't continue, i think it can. there's no rules like that. what the rule is, if the economy is growing and if companies keep growing their earnings, they actually get cheaper on paper. so the price to earnings multiple on these companies, if they are able to grow, if they are able to innovate, it's a good buy even though the stock price is higher. disney has a whole new product today than they did a year ago. now you can reprice disney. you can say this is something i want to own for the future.

i think there are pictures of the market still, even though we are up 20% plus year to date, there are still opportunities out there. neil: we shall see. i know you will come back later, maybe expand on that. we are also getting a response from the president's lawyer on this investigation into whether the president lied to bob mueller. jay sekulow saying read the answers to the questions. they speak for themselves. more after this. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪

now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money.

make it simple. make it ship sticks. shipsticks.com saves you time and money. wthat's why xfinity hasu made taking your internetself. and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches...

no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. neil: all right. there's a new back-and-forth in this whole impeachment drama. democrats demanding grand jury testimony transcripts and the like, because they are saying a lot of the things the president lied in his written answers to the house counsel investigating

whether the president, i should say, lied to bob mueller. the president's lawyer jay sekulow announcing read the answers to the questions, they speak for themselves. this is a new wrinkle and advance on the mueller probe where they want to get the grand jury testimony. a lot of republicans are resisting that, saying once that gets released and known, katie, bar the door. jeanne zaino is here. what do you make of this? it's a new wrinkle here. now they are trying to get their hands on something to really push the president in a corner. >> i think this is a bad sign for democrats. they should not be expanding this inquiry. it does not work to their advantage. nancy pelosi said this from the start. this thing has got to be, if anything, about the ukrainian issue. the minute they go back to mueller which was a loser for them in the first place, i think people start to see this as the democrats just on, you know, i hate to say it, but something of a witch hunt, something of a hunt to find out if they can get

him on anything. i know the democrats want to find something like perjury that can stick in terms of an impeachment. we have seen it with bill clinton. but if i was advising them, i would say do not go there. go with what you have on ukraine and move forward, because the longer this thing plays out, the closer you get to elections. i mean, february 3rd is iowa. february 11th is new hampshire. we are in election season. voters rightly start to say let us vote, we will decide if he stays or goes. neil: we are at that point now and i'm wondering as this escalates, i'm wondering if nancy pelosi is regretting what she created here. obviously she escalated to say it's worse than nixon, it's bribery so she's almost pushing longer, more involved hearings that could really hurt democrats if the needle remains the same. >> it's not moving, the public opinion needle is not moving. they have been doing focus groups and purple focus groups

in purple districts. they know it's not moving. that's why they changed from quid pro quo to bribery, because they are trying to get -- [ speaking simultaneously ] >> i am really astonished because i thought nancy pe lolo was right on when she said this needs to be bicameral and bipartisan. once she went out on a limb to go forward, felt that push from liberals and progressives, she's all in and feels like she can't turn around. i think the democratic party could be the loser on this thing. they should contain this to just the ukraine. big mistake i think the signs today on this. neil: the talk is mitch mcconnell, if he got his hands on it, would drag this out. you agree? >> you know, he probably would. you've got six democrats running for president who would be forced six days a week to sit in the senate, including elizabeth warren, you see bernie sanders,

cory booker, amy klobuchar, michael bennet. go down the list. that would be a problem. plus people stop focusing. we have a debate wednesday night amongst the democrats. nobody is even talking about it because everything is about impeachment at this point. not good. neil: so much so that barack obama is urging a lot of the democrats to sort of get back to reality. what he was saying is you are kind of alienating people here. >> absolutely. it's so funny. i was at the gym today and i tell you that not so you know, just to say i was at the gym, but because my trainer, who is not a political guy, said to me i heard barack obama say that and to me, that makes so much sense. to people on the street, barack obama is absolutely right. you cannot win this election where you need to win it in those states where this will be decided if the message is too far left. he's saying it because he's sending a warning sign over the bow to democrats to say you need

to come back to a place where you can hope to beat this person. there's a reason that the president was worried about joe biden and not elizabeth warren and not bernie sanders. it's because he knows he has them with this too far left dialogue. he feels that joe biden is much more of a centrist and that may be a challenge to him. democrats need to look at who the biggest challenge is. it's going to be from the middle. that's where they need to fight. barack obama knows that but you know, they are getting the push from the progressive left and i think people hear him and they start to pooh-pooh what he has to say. neil: barack obama is saying you are at risk of grabbing defeat from otherwise the jaws of victory. >> they feel like this guy may be impeached, there's a lot of signs, but you've got to do this in a smart way. neil: always a smart way whether you are in training or not. jeanne, thank you very much. meanwhile, kanye west taking his holy grail to houston and the rapper seeing an overwhelming response. ♪

driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.

at fidelity you'll pay no commission nationwide hso you can plan for your futfor retirement and save for college. oh, that explains this. the nationwide dome. state-of-the-art venue. 80-yard screen. fantasy sports lounge. climate controlled seats. sushi bar. club level pool. really? lastly... retractable roof. whoa. are you kidding me?

peytonville showed no mercy. go peytons. (pop) kind of lackluster. eh, still working out some kinks. who they playing? the brads. worst team in the league. of course. because every time i stand up, i feel that i'm standing up and drawing a line in the sand and saying i'm here in service to god and no weapon formed against me -- neil: kanye west preaching to a packed house at joel osteen's mega-church in houston. fox news' lauren green on the significance of all of that. talk about stunning. reporter: neil, absolutely. this is not your ordinary church service. this is kanye west rocking religious experience. of course, one question being

asked is, is this about promoting his new album or about really truly professing his faith in jesus. the reality is both seem to be benefiting, because last night it was absolutely mesmerizing. 20,000 plus in the church in houston swayed and rocked to kanye west's sunday service experience. the grammy award winning rapper and entrepreneur brought a full gospel choir and instrument ensemble to the largest christian congregation in america, teaming up with its pastor, joel osteen. >> feels like all of this was meant to be. god has already had the plan of bringing me up in the church, then took me to the lowest depths of debt, mental health, so-called counter culture, being canceled by my own race and my own culture. reporter: it's a meeting of two mega-stars. the preacher and the rapper joining forces to making faith

cool. west coming here to talk about his recent faith conversion which is still drawing skepticism as a sort of publicity stunt to promote his new album "jesus is king" but people in attendance felt this was from the heart. >> it spoke to my heart and to my children today who are fans, you know, of the hip-hop industry as well, that jesus can do the impossible. >> he can tell us he has some of the word in him so he's not just talking from the surface. he's digging deep. it seems like he's been doing some studies. reporter: you know, his faith conversion hasn't hurt business. his album debuted at number one on billboard's top 200 and also the week it was released, billboard says it was west's biggest streaming week ever. the american bible society had 1,000 bibles available for kanye fans to give out free. demand was so great they have given out almost 11,000 bibles. neil?

neil: wow. and you're there. that's why it's a big deal right there. lauren, thank you very, very much. all right. so you hear all this and you get news that the dow, the s&p 500 and nasdaq are all at records. coincidence? (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th.

and my lack of impulse control,, is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th.

neil: all right. think of what's happened, the saudis are no longer shunned. a year after jamal khashoggi's murder, saudi aramco is set to go public in a very big way. try close to $1.7 trillion or more way. charlie gasparino is here, abg advisory managing director as well. gentlemen, welcome. this is going to be big no matter how you slice it, right? >> yeah, it's going to be big. jackson will talk about this because he's been out there recently. they are going to establish the valuation now, okay. so if you go, you have some underwriting from the local offices of jpmorgan chase and all these other guys, you establish a valuation by selling it to a smaller group, a more narrow band of investors, local saudi families, sovereign wealth funds, establish your valuation and then if it does well, you come back and do tranche two. i find what's interesting about

it is politically, a year after khashoggi's murder, a year after mbs gets all the bad publicity, nobody's talking about it anymore and banks are lining up to do business with them. softbank, from what i understand, wants to play some role in this ipo. we reported that a couple weeks ago. it's been now confirmed by other news outlets. particularly as it goes and shops its second vision fund to the saudis. i get the upshot is when you have a lot of money like these guys, you can get away with murder. literally. neil: can it reach those heights? that would break records for -- like anything. >> i believe so. i was in riyadh a couple weeks ago for the future investment initiative which was incredibly well attended. you know, the demonstration they put on, the content, the speakers they attracted was really tremendous. >> anybody bring up the murder? >> no. no. neil: great unmentionable. >> you look at what's happening in saudi arabia as a whole.

the transformation, reforms that the crown prince is putting through is quite extraordinary. i have been going to the region since 2005. to see, you know, to see the change, to see the, you know, opening of the economy, the opening of the, you know, even tourism sector is quite extraordinary. so you know, i think there's a lot of very positive things that are happening. neil: aramco as much represents saudi arabia as oil. i'm wondering on both counts, leave the controversy out of it, for oil, possible fuels, is it hedging too much? >> look at aramco this way. aramco announced the valuation, target valuation on sunday, 1.6 to 1.7 trillion. they announced they will sell 1.5% of the company. they are now in a book building process that will end on december 4th. if you look at what the offering is, it's a chance for retail investors to have a piece of a crown jewel, national pride. there's a lot of interest and enthusiasm for having a piece of that company. i have a lot of friends in the

region. i know a lot of families that are contemplating investment. i believe -- neil: royal families or regular families? >> regular families. regular families are being -- neil: all right. >> look, i think that as a local investor, there's not only that piece of being able to invest in such a largest company, most profitable company, $111 billion of net income last year, but from a dividend yield play, in a low interest rate environment, you look at -- >> what's the yield, 4% on that? >> depending where the range is, 4.4% to 4.7%. >> pretty good. >> it's pretty good. it's below where royal dutch shell and exxonmobil are and maybe that's why u.s., european institutional investors aren't committing. neil: didn't they skip the road show? >> yes. neil: what does that tell you? >> i think it tells you they are proceeding cautiously. they know where they can el sse it. they can sell it locally and establish their valuation. after they do that, they go

round two. jackson would know this better than me. they get a foreign listing, it probably won't be the u.s. it will probably be hong kong, i would think. >> i would guess hong kong or tokyo. neil: because of everything going on in hong kong? >> they haven't announced -- they said the future plans -- you look at who's investing now. outside of middle east families and sovereigns, it will likely be chinese interests. a lot of chinese state funds will also participate. there's a synergy. neil: not american interest? >> i think american investors will look at this and see if they want exposure to the sector, they would rather invest -- not rather, it's perhaps more prudent to invest in a higher yielding company such as exxonmobil for dividend yield with less geopolitical risk. and also perhaps less corporate governance risk. neil: i'm wondering if this is a spillover effect, if it's as

well received as you say, for ipos in general that have needed a shot in the arm. >> yeah. recent ipos but those were like unicorns and they were like non-tested companies. saudi aramco is a very profitable company. what the crown prince wants to do with it is something sort of dramatic and interesting and yes, there's a lot of positive reforms going on over there. i guess women can drive now, right. they are opening u.s. restaurants. it sounds so absurd but they are opening up. but i will tell you this. this is still, this gets to the hypocrisy of the u.s. financial sector. larry fink, runs blackrock, all these guys, they sit there and lecture us, the general public, about corporate governance and giving back to the community. they all flocked to this country's conference, the thing you were at, they were all there and they were all kissing the ring of mbs, who you know, you

can make a good case if he wasn't directly responsible, he was indirectly responsible -- neil: but [ inaudible ] the global marketplace, right? >> they are such an important ally in the region and the opportunity that one has looking at the reform in the country is quite extraordinary. so it's a population of 33 million, 7% under the age of 30. i think for corporate leaders in america, i think -- >> you're right about that, but it was the bet we made with china. they were going to open up, they were going to be good players. now the question is did it work that well. neil: we shall see. charlie, final word. jackson, great seeing you. >> thank you. neil: to have your passport and travels and miles, it must be off the charts. right? >> it's horrible, actually. there's a lot of international restaurants in addition to local. neil: elizabeth warren is turning to the highest paid celebrity to bash private equity. after this. what if numbers tell only half the story?

at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence.

neil: know when it rains, it pours. the supreme court just issuing a temporary stay that keeps the president's tax returns private for now. it will likely go to the supreme court to decide yea or nay, whether they should be released to the southern district of new york. the president getting a bit of a stay from the justices to wait it out while they wait it out for that decision. nothing can be released in the meantime. in the meantime, we've got the fed ex ceo fred smith challenging no less than the "new york times" to a public debate after an expose on fed ex's tax bill. susan li has the details on this. susan? susan: so fred smith throwing down the gauntlet, a challenge to the publisher of the "new york times." let's have a public debate on

who pays more taxes and actually invests in america. smith and fed ex not happy with the "new york times" and this report that was published over the weekend that suggested that fed ex paid zero federal taxes in 2018 and this hes aftis afte hard lobbying of the trump administration, a tax bill that was cut from $1.5 billion in 2017 down to zero. an effective tax rate of 34% to nothing last year. instead of reinvesting those tax savings back into the u.s. economy, the "new york times" alleges that fed ex spent less in capital investment in 2018 than they did in 2017, when they actually had to foot a bigger tax bill. fred smith and fed ex firing back, putting out that the "new york times" also paid nothing in 2017 in federal taxes and just 18% in 2018, while also cutting capital investment, they say, by 50% to $57 million, an amount that's just a rounding error to

fed ex's $6 billion investment in the u.s. economy and fred smith also challenging salsberger to a debate, saying i hereby challenge the publisher of the "new york times" and business section editor the a public debate in washington, d.c. with me and the fed ex corporate vice president of tax. here is the "new york times" response to us after fox business wrote in, saying fed ex's colorful response does not challenge a single fact in our story. fed ex's invitation is clearly a stunt and an effort to distract from the findings of our story. but you know, a lot of people would actually pay money if they could see this debate. neil: it's a pay per view in my opinion. thank you, susan. here's a guy who should emcee that. my buddy charles payne. what do you think of this? charles: really fascinating. the "new york times," to fred smith's point, could have just used their own -- how they have taken advantage of the tax code saying listen, we haven't paid

any taxes or invested anything in the country, we are taking advantage of a flawed tax system f they didn't want to seem hypocritical. i will say this, though. in this era right now we are in after this massive tax cuts, the pullback in regulations, corporate america is doing pretty good. in the second quarter, $1.8 trillion in profits, the dividends went to $1.3 trillion. undistributed profits were around $43 billion in total $500 billion, so the point is, they're doing pretty good right now and you know, for the public in general who don't understand the nuances of all these arguments, sometimes it feels like maybe they are protesting too much. neil: i'm wondering, too, you and i know tax law, despite the push for simplification, is still very tough. moving up the write-off period which you can write off investments and all that to one year rather than up to seven years. companies are going to do that. it will result in a lower tax bill as a result in the immediate year.

but having said that, to get involved in a debate on this, if you are a fed ex shareholder and hearing that your boss is going back and forth to explain not paying taxes in a given year, is it a zero sum game? >> yeah, again, i think fred smith is very very frustrated. their shares are down something like 30% from the 52-week high. their issues go way beyond the tax code. they have got enormous competition. now amazon kicking them to the curb, becoming a competitor rather than a customer. that's a huge blow to them. you know, also i think they've got to be careful, it's not just fred smith, but a lot of people in the business community have also complained and said we're not going to invest in america as long as tariffs are out there. it's not a good look. again, you just had record-breaking earnings because of all the things that were done in the name of you investing in america. you cannot always have everything that you want. i think they may be falling into

a political trap even though everything he said about the "new york times" hypocrisy is spot on. neil: all right, i look forward to seeing you in about 14 minutes. charles payne. by the way, who says this whole meatless fad is fading? i think i said that. but it's not. in fact, it's growing. the proof after this. this is the epson ecotank color printer. no more buying cartridges. big ink tanks. lots of ink. print about... this many pages.

the epson ecotank. just fill and chill.

neil: taylor swift's record label is now getting nasty because her old label won't let her, well, she can't have her own songs, can't play her own songs. they say she can sing her own songs but because of this whole nastiness, senator elizabeth warren has stepped in, taken to twitter to say that swift is one of many whose work has been

threatened by a private equity firm. back with us, jeanne zaino and mike murphy. mike like me is a big adele fan. what is going on here? she can't use her music, right? or have her songs. she can sing them in concert but i don't get it. what's her beef hoere? >> they bought the rights to her music. she wants to be able to perform it. she said if she can't, she's going to re-record the music, then she will own it at that point and the people who paid money to buy it are saying you can't do that because we own it. neil: she can't -- maybe you know this -- she can still perform at concerts, though, can't she, or no? >> she's claiming she can't perform at the american music awards. her label is disputing that. neil: that's what i understand. >> she's saying she can't. there's a dispute there. but elizabeth warren stepping in and blaming this on the private equity firm and also -- neil: where does that come in?

private equity firm is behind the music label, right? >> they helped with the acquisition and the purchase. but legally, i don't see how they have a role here. they don't control the machine. it's called the big machine, big machine label, they don't control how they operate. they just helped with the purchase. which is why i'm not sure they have any liability or role here at all. neil: some of the new entrants, you know, have a background there to a lesser degree. michael bloomberg. is she sending a futusignal, ths the future of us? >> the signal is if you have been successful and made a lot of money, this is a bad thing so we will come after you and stop the banks, the big drug companies, then stop all the private equity companies from becoming successful. vote for me. >> and her attempt to regulate private equity is part of her economic patriotism plank of her campaign. deval pat trick ctrick is a gre

example. he's been in private equity. neil: so has mitt romney. >> a lot of people. i think she's using this taylor swift story to get some traction there. neil: i just don't remember any of this controversy with adele. >> you are a big fan, aren't you? neil: makes a lot of people uncomfortable. look at the time. i want to switch gears, too. this whole idea of where we have, you know, beyond beef, all these alternatives that keep coming out, a new report finds a majority of consumers who purchase a lot of these plant-based alternatives, they are not vegetarian or vegan. they like it. they like it. i have tested some of this. it's actually very good. this might surprise people, i'm not a vegan. what do you think? >> i think people are intrigued by it. it's something different. neil: have you tried it? >> i have. i've tried pretty much

everything that's out there. neil: pretty good, right? >> it's good, but there's not a lot of vegans, i would assume, that are going to burger king or dunkin donuts to get their breakfast or lunch. what they are trying to do is tap into a whole different demographic, whole different type of consumer, and so far it's working. but how big the total addressable market is, is the question for these companies and how they are valued. neil: what do you think? >> this is a generational issue, because it's the millenials that are the big consumers here. the gen zers are coming up. like everything with millenials, they are a huge, huge market. that's why you see jpmorgan and barclays saying this is an untapped area or area starting to be tapped. still, the taste has to be there. it has to have the health and environmental benefit and it has to be convenient. neil: i was suspicious -- >> you were suspicious. neil: it tasted so good that i immediately started to say what the heck is in it. i know it's all natural ingredients. then i found out that actually,

the bad cholesterol part of it is worse or whatever. i don't know. it's a big sell to people who are normally eating this stuff anyway and might just decide to have something that might be a better dietary alternative. >> any sort of alternative will appeal to millenials. one thing that's indisputable, look at what happened with the largest dairy farm, they filed for bankruptcy and sales of almond milk over $1.5 billion in the united states, so people have started to go away from cow's milk to alternatives. if you are betting on impossible or beyond, the bet is that people are going to go away from meat and go to the substitutes. it's worked for milk. neil: the carryover is beyond some of the meat, the healthier alternatives to what is traditional grocery fare. >> exactly. neil: who is big in almond milk? >> there's now chobani will be rolling it out to go with their yogurt and -- neil: do you use it to prepare for the marathon? >> i used oat milk, actually. more protein.

neil: you and me both. i just had a bad leg, couldn't follow you. the health craze is real. >> the health craze is real, particularly millenials, gen zers are really interested in these alternatives. jpmorgan said $100 billion over the next -- neil: but they are not keen on this. younger generations say come on, eat it. >> taylor swift fans are the ones really pushing for this. neil: in the meantime, we are trying to find a little more, guys, about what they are going after the president for now. on a serious note, they are looking into whether he lied, you know, in his dealings with the mueller legal folks and his written answers. they want this testimony at the same time they are trying to get their hot little hands on the tax returns. the supreme court right now has said until we decide on this, no one gets their hands on them. where is this going? >> well, i mean, i think when you start to just fish around

for everything, it starts to suggest that the ukrainian issue which was the reason for the impeachment inquiry, is maybe not enough for the democrats. neil: like the mueller thing, it was not enough. >> that's why i'm surprised they're going back and looking to see did he lie in these questions. neil: they want the transcripts. >> absolutely. i think it sets a really negative precedent for the country. it's very dangerous. whoever the sitting president is, if you don't agree with that president or don't like that president, you can then try to impeach him or her for this reason, then that reason and just keep going and going. when really, the people who lose here are the american people. neil: be careful what you wish for. guys, thank you very, very much. a lot more coming up exactly on this particular subject, too. stick around. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.

. . ♪ trelegy. the power of 1-2-3. ♪ trelegy 1-2-3 trelegy. with trelegy and the power of 1 2 3, i'm breathing better. trelegy works 3 ways to open airways, keep them open and reduce inflammation for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating,

vision changes, or eye pain occur. think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy and the power of 1 2 3. ♪ trelegy 1-2-3 save at trelegy.com ( ♪ )

( ♪ ) introducing the marilyn monroe collection of fine jewellery. exclusively at zales, the "diamonds are a girl's best friend" store. va mortgage rates have dropped to near 50-year lows. exclusively at zales, newday usa can help you refinance your mortgage and save thousands a year. newday's va streamline refi makes it fast and easy because there's no income verification, no appraisal, and no out of pocket costs. i urge you to call newday usa now. neil: all right. we're finding out a little bit more from blake burman about that powwow at the white house that involved fed chairman jerome powell. we know larry kudlow was there.

steve: treasury secretary -- steve mooch -- mnuchin treasury secretary. we understand no daggers were thrown. everyone left peaceably. now charles payne. charles: thanks a lot, good afternoon, everyone, i'm charles payne. this is making money. dow, s&p, back at all-time highs. powered by strong corporate earnings and a massive epiphany on wall street that the good times could last well up to 2020. there is the usual china trade scuttlebutt. remember our economy is soaring, wages, homeownership, jobs, all soaring at the same time there are 360 billion in tariffs in effect. our experts are here to tell us where they think the trade talks are going to go and where you can see your best investment opportunities at this moment. presid