want my vegan burger kicked in the oven instead of on the grill. stuart: idea you must have no contamination. you must isolate non-beef permanently from everything else. that is where we stand, neil. it is yours. neil: that is good to know. we have a lot coming up here in the next couple hours, following a market you're following, confused on the trade front. investors rattled by trade progress all of sudden looking like not like progress. u.s. and china have not come to agreement rolling back all the tariffs. remember the chinese want them all rolled back. president trump is entertaining rolling some of them back. therein lies the rub. home depot situation, concern with kohl's maybe concern the retail sector is not firing on all cylinders. you have 90 points on the dow. in and out of market records. edward lawrence, following this on trade front.

what are you hearing? reporter: this may be moving the market. a roundtable with american business leaders, current and former chinese fishessals and american chamber of commerce. out of the round table there is big differences with the trade relationship with china. one example from the u.s. side. they say there was no real huge benefit to have this trade relationship with china, having china within the wto. chinese officials during that roundtable saying no, that is not the case. in fact china, u.s. and world benefited from china being in the wto. chinese made the case that china entering it benefited everybody. roundtable officials according to the global times there may be big differences coming up with a trade deal in terms of tariffs you talked about. global times says china's precondition to the trade deal would like the trade tariffs rolled back simultaneously. but the negotiators from the

u.s. have not given a positive sons to that our chinese trade sources said china wants tariffs rolled back as phases are completed. those sources are telling us u.s. offered to roll back some tariffs but keep majority in place until china meets milestones in the agreement. in addition to china, the white house focused on trade. there are a number about phone conversations going on today. the president, treasury secretary. seg tear of agriculture of white house economic advisors making a blitz of phone calls into local districts as well as local districts and interviews in local markets related to usmca. 70 interviews in all have been done. they are talking to local markets to put pressure on democrats inside of their house district. they did say that the usmca will create 176,000 jobs coming up. one democrat signaled today usmca could be ratified by christmas. that is ahead of the ways and means committee richard neil, democrat signaling it could happen. house speaker nancy pelosi has

not yet come out and said scheduling a vote before christmas could happen. neil, this blitz designed to show, as the house is focused on impeachment, the president is focused on the economy. back to you. neil: edward, thank you very much. as edward is speaking we're getting news on boeing. the stock suddenly reversed course down 1%, news that the ntsb is calling on the company to redesign part of structure all 737 planes, retrofit existing planes. this is nothing to do with the 737 max. this was the model involved in a fatal southwest incident. the stock had been up on the notion that it had grounded the 737 max and was soon to start reflying again. we're hearing the ntsb will hold a board meeting on this issue, offer more details on it. this left engine seems to be in question involved the southwest airlines flight 1380.

that accident of the left engine resulted in the crew conducting a emergency descent that diverted the flight to philadelphia international airport. 144 passengers, five crewmembers on board. one passenger suffered fatal injuries. eight passengers, minor injuries. the airplane needless to say substantially damaged. to correct that, having nothing to do with the 737 max. boeing a dow component. so it is not helping matters, one reasons why among others the dow is down 107 points. busy day with testimony on capitol hill i think something to do with impeachment. hillary vaughn with the latest on that. hillary? reporter: neil, both witnesses today, lieutenant colonel alexander vindman, aide to the vice president jennifer williams were both on the call between president trump and ukrainian president zelensky. both of them noticed the transcript of the call left out the word burisma.

the colonel said that omission is not significant. what is significant to him, that president zelensky was the one to bring it up. he told ranking member devin nunez he talked with a member of the intelligence committee on the july 25th call, sparking speculation that vindman could have had contact with the whistleblower. >> please stop. i want to make sure that there is no effort to out the whistleblower through these proceedings. lieutenant colonel vindman, you testified in the deposition that you did not know who the whistleblower was or is? >> i do not know who the whistleblower is. >> how is it possible for you to name these people and then out the whistleblower? >> per the advice of my counsel i've been advised not to answer specific questions about members of the intelligence community. reporter: two weeks before the

july 25th call, vindman attended a white house meeting with ambassador sondland, national security director john bolton and ukrainian officials. ambassador sondland made it clear a white house visit for president zelensky came at a cost, investigating the biden, burisma and 2016 election. when sondland, mentioned burisma, bolton bolted from the room but ukrainian officials were in the room. >> that was the first time i was aware the ukrainians being approached directly by a government official. >> and directly linking the white house meeting to the investigations? >> correct. reporter: we will hear from two more witnesses this afternoon. tim morrison, the top russia expert at the nsc and former envoy to the ukraine kurt volcker. tomorrow eu ambassador gordon sondland will make his appearance today. this is one name dropped by

pretty much every other witness in the hearings. he will get a chance to tell his side of the story. neil? neil: hillary, thank you very much. speaking of impeachment cameras gone into the white house right now. the president is meeting with his cabinet is entertaining questions. we're told he watched a it about of the house impeachment hearing today. he will let people make up their own minds about the whole thing. he says separately on china it is up to china to see that a trade deal ultimately comes to pass. we should say for the markets, bigger issue is not impeachment but the china thing. you can almost track it day by day, tick by tick, the better it looks for trade deal better it looks for corner of wall and broad, the antsier it looks it playing out that way today. lee carter, and did not yale dimartino booth. let me begin with you, you follow federal reserve closely.

one of the reason we had three rate cuts we saw addressing uncertainty around trade. president says trade has nothing to do with it. you guys are botching, you raised rates too soon but where do you see this playing out? >> the stress of the day at wall and broad has to do with a threat that the senate vote on the bill will throw off the trade negotiations. neil: tougher we get on the chinese to address hong kong the more problematic a trade deal cities. >> exactly. clear you can watch the news every he night. the situation in hong kong is not being diffused in any way, shape or form. it is starting to encroach on what we consider to be one of our greatest values of liberty about. that is really speaking markets today. in addition to some macroeconomic, home depot, kohl's disappointment among retailers against the backdrop. neil: guidance. >> lowered their guidance against the backdrop that the u.s. consumer is strong. neil: the president is fond of talking even before the market

opened today. talking nasdaq market at a record. he alluding to that. that is the wind behind his back. do you think that will offset whatever we're getting on the impeachment front? >> i think that the markets almost decided what they feel about the impeachment. day by day we're looking at it they're not seeing anything that will make anybody change their mind. i think that is the polling tell us that too. people supporting the president continue to support him. people opposed president think this is the end of his presidency. neil: let me ask you about that lee. we saw in the watergate hearings, i'm old enough to remember those as a kid to remind me, public sentiment was overly against the hearings to get nixon. evidence came up, for quite some time it changed. i just don't see that here i could be wrong, i don't see it to your point changing minds as it did back in the '70s? >> i think the difference here, i think when you look at some of the polling, some of the most

interesting polling seven in 10 republicans actually think most government officials would do the same thing that president is being accused of. neil: they are a cynical lot. >> so the truth of the matter is, if it comes out all of this is true, are people going to turn on the president? is it then in fact impeachable? that is the question. a lot of people will say no it is not. a lot of people on the left fee differently about that. neil: sure. >> most people think it is political. if he has done exactly what he accused of, is that impeachable? no. i think that's where we are right now. i think by and large people decided this isn't an issue. china is a very big issue for the economy. jpmorgan jpmorgan has cofefe index, what is most powerful language, when he talks about china. the pressure is on by

mid-december we have to see something happen. the economy, markets that is what gets him back in office. the impeachment in many ways is a very, very negative thing obviously but it is really getting people riled up already opposed to president. it is not changing support for him at margins. neil: the president has said, danielle, that it is really up to china. again we're going to get the full tape when media leaves the room. but the china will have to make a trade deal here. the onus is on them. we're not going to change anything. i guess by that he means, as far as our dropping all tariffs, that is not going to happen. so if he is saying that, some or most tariffs go, i'm wondering how the markets would digest that? means you don't get a deal? >> i think markets largely priced in everything that has been assumed in phase one. i think one of the most startling revelations is china can't really afford to proceed with a trade deal that doesn't

roll back the tariffs. i mean people are, people who watch this stuff late up at night, they're companies defaulting, banks defaulting in china, the government has other issues. i mentioned hong kong earlier. there is a lot on their plate they're having to pay for as their economy skids to a three-decade low. for me at least, i think it is curious that the chinese have taken the stance they have taken. all that is going to do, i think market might start to clue into this, get us back to where we were before the first trump tweet. they're not offering to give us anything back we never gotten from them in the first place. neil: amazing. as we're getting that, we're getting a little bit more details the president, once we get that tape released here, we'll share it with you about he is not really that familiar with the participant today. he has been talking a little bit about those who have been arguing that the, there is no smoking gun here. president is saying when it came to colonel vindman.

he doesn't know the guy that well. even if he said the transcript is correct. i watch him for a little while this morning. i will let people make their own determinations. i've seen a couple of times, names like taylor, kent. what is going on he says is a disgrace. a couple minutes we should hear from the president of the united states himself as the tape makes its way to us. look. only one thing's more exciting than getting a lexus... ahhhh! giving one. the lexus december to rembember sales event

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he hasn't said he is opposed to that. the idea that is a automatic leap he also questioned. he argued again, we're told chinese need a deal more than we do. now the president. >> i think the woman is grossly incompetent. we're having a problem because mexico and canada are calling saying what's going on? sitting on her desk, democrats, democrats will vote for it, all she has to do is put it up a vote. she said for months she likes it, she wants it, she likes the it she wants it. the woman is brosly incompetent. all thee wants to do is focus on impeachment is a little pipe-dream. she can keep playing that game. i've been told, who knows if this is so i think it is so, i have pretty good authority on it, she is using usmca because she doesn't have the impeachment votes. so she is using usmca to get the impeachment vote. and it doesn't matter because right now, you have a kangaroo

court headed by little shift at this -- shifty schiff, we don't have lawyers, we don't have anything. i watched the republicans are absolutely killing it. they are doing so well. because it a scam, a big scam. they're doing something that the founders never thought possible and founders didn't want and they're using this impeachment hoax for their own political gain to try and damage the republican party and damage the president but it has had the opposite effect because you've seen the polls and we're now the highest, i'm the highest i've ever been in the polls. you don't hear that on television because the news and democrats are one and the same but that's the story. one other thing i thought i would bring it up while we're here, i went for a physical on saturday. my wife said, oh, darling, that's wonderful because i had some extra time because it looks like january could be a busy month, if she is able to get the

vote, should she be able to the woman is highly overrated. the woman is highly incompetent. if she is able to get the vote. maybe see uses it by usmca. i went for a physical. i came back, my wife said darling, are you okay. what is wrong? they're reporting you may have had a heart attack. why did i have a heart attack. i went to walter reed we go to get physicals. i was there for short period of time, routine, i did peas of it, rest takes place in january. did a routine physical. visited family, visited a couple groups, visited family of a young soldier badly injured in the operating room. i toured the hospital for a little while. i was out of there very quickly i got back home. i get greeted with the news, we understand you had a heart attack. i was called by our people in public relations, sir, are you okay? i said okay from what? the word is you had a heart

attack. cnn said you may have had a heart attack. you had massive chest pains. you went to the hospital. these people are sick. they're sick. and the press really in this country, is dangerous. we don't have freedom of the press in this country. we have the opposite. we have a very corrupt media and i hope they can get their act straightened out because it is very, very bad and very, very dangerous for our country. thank you very much. go ahead, please, thank you. thank you. please, go. reporter: [inaudible]. >> i don't know him. i don't know as he says the lieutenant colonel. i understand somebody had the misfortune calling him mister he corrected them. i never understand. he wears his uniform when he goes in. i don't know vindman at all. what i do know even he said the transcript was correct. if anybody reads the transcripts, i had two calls with the president of ukraine,

who by the way says there was no pressure whatsoever. there was no anything. they don't, probably think, they can't, they probably can't even understand what is going on with this country but vindman, i watched him for a little while this morning and, and i think he, i'm going to let people make their own determination but i don't know vindman. i never heard of him. i don't know any of these people other than i have seen one or two, a you will could of times, they are ambassadors, but these are names, like taylor, like kent, with the nice bow tie, wonderful bow tie. maybe i get one for myself one day. i don't know who kent is. i don't know who taylor is. all these people are talking about they heard of a conversation of a conversation of another conversation that was had by the president. what is going on is a disgrace and it is an embarassment to our nation. meantime we can't get usmca

approved because nancy pelosi is grossly incompetent. she is incompetent. you're about to find that out. thank you all very much. thank you. [shouting questions] >> press, let's go. make your way out. [reporters shouting questions] >> china -- [inaudible]. >> say it? reporter: agreement in principle? >> china will have to make a deal i like. if they don't that's it. i'm very happy with china right now. they're paying us billions and billions. we'll be over $100 billion in the not-too-distant future. china never gave us 10 cents. i told you gave a lot of money to the farmers. i'm helping people that need help. china -- they're paying for it. the tariffs are not paid by us. they're paid because they're devaluing their currency, pouring cash into their economy. their supply chains are being killed. they had the worst year in a 57

years. that being said i have a good relationship with china. we'll see what happens. i'm happy right now. if they don't make a deal with china i will raise the tariffs even higher. thank you very much. [reporters shouting questions] >> press, let's go. let's go. make your way out! come on, we're finished. >> thank you very much. >> keep moving. neil: listening to the president of the united states. the most newsworthy on the china situation he is no, no rush to make a deal. it is really up to china. saying china is paying all the tariffs. technically that is not the case. u.s. -- distributors, deal with either absorb that or pass along but the president did correctly point out china devalued currency to cushion the profrom them. china doesn't pay these tariffs. you do. american entities do. they are dodging that partly because of the valuation and so

many of them have been absorbing this. walmart included by the way. former walmart u.s. ceo bill simon on these developments. bill, always good to have you. the president says we're ash absorbing this just fine we're ready to increase the tariffs if china doesn't come to the table, how do you think it will pack your old company but americans and retailers in general? >> hey, neil. by the way, how are you? neil: very good. >> the consumer is strong and has remained strong. i think all of the economic indicators, you know, low unemployment, wage growth, low gas prices, interest rates, indicate that the u.s. consumer is dealing with, with whatever tariffs are in place really well. walmart's earnings earlier, this week or last week now, they indicated that tariffs had a nominal effect. they even raised their guidance for the rest of the year. so i don't think they believe it

will have impact. that is significant, if one side is absorbing the impact without much punishment, and that seems to be the case in the u.s., and other side in china is having the worst economy in 57 years or whatever it was that the president just said, having a difficult time dealing with them, i think that likely that china has a interest in solving this and should move forward. i think the president has an interest in solving it, as long as economy stays strong, a trade deal gets done i think president is in better shape from re-election standpoint. neil: it is very clear when walmart reported, some of the strong numbers and guidance more importantly was so strong, contrasts mightily with kohl's, particularly home depot today where earnings beat, forecast, guidance worried folks, particularly the case of home depot. are we seeing first signs of maybe a retail split here or is it still by and large strong? retail sales in the aggregate

are coming in stronger than most expected. i wonder if you see that continuing? >> i do actually. you know, hard to say without the specific details of what happened at home depot and kohl's. home depot had reasonably strong sales. i think their same-store sales were up over 3, 3 1/2%. neil: right. >> they missed on earnings, they missed on the earnings some of their invests have not taken hold yet or had traction they thought. kohl's i think is a different story. they're learning the difficulties of a ceo transition that they had last year, trying to figure out how to get their, you know, their mojo back. those are two specific incidents. we'll know when we see the rest of the earnings but last quarter was pretty well strong across the board. walmart's earnings were pretty strong last week. as we see what happens, rest of this week with target and some other big ones i think we'll get a better read but all indicators are that the consumer is strong.

we never had a full employment recession in this country. with employment the way it is, gas prices the way they are i don't see it happening in the short term. neil: bill simon. we'll watch it closely. hope you have a wonderful thanksgiving. thanks for stopping by, my friend. >> thanks, neil. neil: bill simon, former walmart us ceo. by the way this whole hong kong thing could disrupt on the trade front. a lot of protesters are stuck at universities, particularly a very big one. they can't get away from there. right now, police, local authorities are refusing to get, to allow them to get anywhere from there, after this. ♪.

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neil: all right. about 100 anti-government protesters surrounded by police and in hong kong university, that is the poll at this technic university. others could be sucked into this as well. jonathan hunt with the latest. what is going on here? jonathan. reporter: neil, good early wednesday morning from hong kong. we spent much of tuesday on the campus of hong kong polytechnic university and i can tell you what we saw there was absolutely shocking. take a look. we're standing right now in the heart of the university campus and all around us are signs of what was a very intense

standoff, the signs of what was a very violent battle, the barricades, built by the student to try to hold back the hong kong riot police when they came in here over the weekend and the evidence of the fires that about set by those student and the intensity of the flames. they believed that they could hold on for some time but eventually water began to run out. food began to run out and these students for the most part realized their gesture was becoming increasingly foot futile, they are not giving up the bigger battle for democracy. throughout tuesday, neil, we saw a steady stream of students coming out of that campus. sometimes alone. sometimes in pairs. sometimes in groups. they were all arrested the second they stepped off the

campus and taken away by the hong kong riot police. when we left that campus, neil, i would say it had begin dill ad number of students from 100 to a few dozen. a smaller number of those who appeared the real hardcore who might be willing to continue the fight for possession as such of that campus but anything can happen in the these hong kong protests, neil. everyone demonstrator while they are on campus or not, they may have lost the particular battle, but the war they believe for their democratic rights will go on. neil. neil: jonathan, be safe. great reporting as ususual. jonathan hunt in the middle of all of that. some of you remind you of a blowup we had 30 plus years ago in tianamen square.

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♪. >> we're having a problem because mexico and canada, are calling, saying, what's going on? and sitting on her desk, she doesn't democrats, because the democrats are going to vote for it, all she has to do is put it up for a vote. she said for months she wants it, she likes it, she wants it, she likes it. the woman is grossly incompetent. all she wants to do is focus on impeachment which is just a little pipe-dream she's got. neil: we'll put the president down as undecided on nancy pelosi but ripping her a new one in the oval office a few minutes ago. essentially saying her focus on impeachment, impeachment, is coming to the detriment of americans including those who want to see a trade deal signed, sealed, delivered in the house of representatives. it is held up in the impeachment

mess he says. the trade deal between mexico, canadians and ourselves. it still waits for action in the house. former republican house speaker joins us right now, john boehner, former democratic new york congressman joe crowley. both of these gentlemen are very keen on addressing multiemployer pension plans, are vastly under funded. i do want to get into that. welcome to both of you guys. >> neil, good to be with you. neil: same here. speaker, a big day for you. they're doing your portrait unveiling today. i guess it is nancy pelosi's job to do that. what did you think of, first of all, what an honor, congratulations, but obviously it comes at a pretty fractious period for nancy pelosi with this battle back and forth. you had your run-ins with barack obama but this seems particularly acute. what do you make of it? >> you know, our current political environment is very poll rised and obviously with impeachment and other issues

we're seeing the polarization play out in front of the american people on a big stage called the united states congress but, but listen, during this unveiling i will remind them of some of my boehnerisms. things i would say my staff would remind me of. it doesn't coast anything to be nice. secondly you can disagree without being disagreeable. thirdly, if you do the right things for the right reasons, the right things will usually happen. so they will find a way to get through this but it is just an example how polarized american politics have become. neil: you're right about that. a lot of people heard, speaker, it will be your hanging and many are going to be there think it's a different kind of hanging. that is the environment we have so you're quite right. joe, when you hear this back and forth and the environment we live in with impeachment thing, do you think that democrats might have gone too far in this? all of sudden this could drag on a while?

it will get in the way of addressing a lot of things, maybe trade, maybe a host of other things, that, you know, democrats are campaigning on right now to get increase the majority in the house, maybe take the senate, possibly take the white house, what do you think? >> i think democrat have already moved on a number of pieces of legislation quite frankly are sitting as they did in john's day when john passed hundreds of bills and they sat over in the senate without any action. i think the same thing is happening here again today. pelosi, speaker pelosi and democrats continue to work on trade agreement going forward on that. the issue we're here to talk about today, for instance on pensions are the need to address pension crisis facing the country. it is something democrats and republicans can all agree on. it is worthy of bipartisan support. whatever that legislation will look like in the end, it's a worthy cause, one the american people recognize is a crisis that needs to be addressed and i

think, as been said walk and chew gum at the same time. i think house democrats are ready, able, willing to do just that. neil: you would be stunned to hear that republicans are not able to do that but speaker, let me ask you a little bit about this. i have seen polling numbers, two out of three americans are of various types depending on the poll are for addressing this issue. i wonder if you took the next leap, to pare benefits or means test some of them or do something to improve the math, whether those same ratios would be the case. what do you think? >> well, neil, since we kicked off the retirement security coalition in july it is increasingly clear to the american people that there is a crisis when it comes to these multi employer pension plans that cover 11 million american workers and it's clear they want a bipartisan solution to this problem.

and -- neil: what does that bipartisan solution means some will see their benefits curtailed? >> if we don't do anything, they're going to lose 90% of their benefits. and so there has got to be a shared solution here that involves employers, involves workers and probably involves the government as well, to solve this multiemployer pension crisis that is getting worse every single day. the house has made movement earlier this year. it is beginning to look like the senate is about to introduce a bill and, so addressing this, i think congress is beginning to understand, in a bipartisan way, that they have to find a solution. neil: so let me ask you -- >> neil, i have constituents in my district who are already seeing a drastic reduction in their pensions right now. this is not something that is in the future. it is actually happening right now and that's why the speaker and i have taken this course, to work together in a bipartisan

way to really raise the level of attention on this issue, that needs to be addressed. neil: i just wonder gentlemen, if there is the will to do this? say you make progress on this, that the polls are right, i have no reason to believe they're not, americans want this addressed, if you make progress on a fund that could open up a way for both parties to address down the road entitlement spending, those are big issues as well. this might be the opening salvo on this, if you fail on this, though neither of you want that to happen, do you worry, speaker boehner that is a precursor to bigger props down the road? addressing real government and funding issues down the road? >> this is, when you look at the other issues that are, that you mentioned this is frankly a small first step. neil: right. >> it's a big step for those involved in it. one of the things i mentioned today, during my portrait unveil something the need to address our long-term debt.

you can't continue to spend money you don't have. you can't do it at home. you can't do it in your business and your government can't do it either and this year the budget deficit will exceed a trillion dollars and it is going to be over a trillion dollars every single year as far as the eye can see until the people begin to address the fact that something has to be done about spending and revenue. neil: so let me ask joe crowley about that. the move among at least those who are maybe louder voices in the democratic party, elizabeth warrens, bernie. sandra:ers, alexandria ocasio-cortezs, we have to stick it to the rich. that's one way either with wealth tax, higher taxes on the wealthy, to address these issues what do you think of that approach? even barack obama said the other day that he is worried that no one's moderating these views and it will kill the parties. do you agree with that? >> first part of your question

to speaker boehner. failure is not an option when it comes to the particular issue. failure here, workers who have worked, done nothing wrong on their own part, have saved many respects, put away for the future, come to rely upon their pension as a portion of the retirement savings are already going to be penalized and it will have dress i can impact on our economy overall writ large. that is why the american public are even recognizing the danger this would impose, not only to workers but to the corporations or government, but to them themselves. it needs to be addressed. the house is already, neil, already acted and house has already acted. there are signs that the senate may act as well. speaker boehner and i think that is a good thing. them maybe get to a conference to iron out more difficult details, get a bill to the president to be signed that is a effort we're a part of. neil: it is not new when

opposing parties specially president of one party and speaker of the other are opposing each other. you tried to deal with that and contain that, speaker boehner, but i rumors republicans were secretly concocting a impeachment process against president obama. this was not the case. >> never. neil: that expressed doubt and skepticism. you two personally got along. i don't see that with nancy pelosi and president trump. i could be missing like professional wrestling rolls to be played. >> i think i would agree with you from what i've seen. i don't watch a lot of tvs tease days. it is a little too divisive my taste. neil: you should watch more fox business, if you don't get you should demand speaker but i digress. >> i have. i'm not big on turning on the tv at all. neil: that they're overdone i think they overplay that, use

that, maybe in this impeachment time, particularly the case what do you guys think of that? >> listen, this is, this polarization we're seeing, it plays out in that relationship and that relationship plays out in impeachment but at the end of the day the american people expect their government to deal with the problems that our country faces, whether it is multiemployer pension problem, whether it is our soaring deficit and our long-term debt, the american people expect congress to figure it out. barack obama and i had vastly different views. he was president, i was speaker. the american people didn't care he was a democrat and i was a republican they expected us to figure it out. usually we did. we butted head as few times. we figured things out and we would do it in a way we're respectful of each other. out of that frankly became pretty decent friends through that process. >> neil, the only point i would make about this, i think john is

right, my observation for your relationship, that is exactly what it was, but nancy pelosi herself, those of us who know her, know her to be a very decent woman who doesn't tolerate bad language around her, to say the least. so, you know, these may be just two very drastic personality differences. neil: called speaker boehner a lot, even nasty language notwithstanding, right? >> and smoking. neil: just got that little zinger in there. get your thoughts on impeachment process. joe crowley to you, do you think the president should be impeached? do you think what you heard right now would vindicate democrats going the full impeachment route? >> i think there is a constitutional crisis. how i have talked about it, neil, the wolf isn't at the door in ukraine. the wolf is in the house and it calls the united states its friend, says can you help us, by the way bring those weapons with you. the united states through this president says we will, do me a

favor. the favor is not improve the conditions of ukraine whether it's women trafficking or child labor, it is to help me with my own political situation back home and dig up dirt on my political enemy to help me personally. there in lies i think the crisis. if it is not curtailed here, what will the president do next? what will future presidents do if it is not cut off here now? neil: john boehner. >> you know, neil, i don't think it is fair for those who sit on sidelines to criticize those on the field. easy to be a monday morning quarterback but as i said earlier, this impeachment is just an example of the polarization of american politics. i will let those on the field play the game, i will just observe. neil: all right. that is wimpy out you know, what you just did there? >> yes it is. yes it is. neil: speaker boehner, congratulations today with this hanging. it is quite an honor. not too many had that honor.

we look forward to later today. joe crowley, always a pleasure. thank you both for trying to advance a cause too many people ignore. meantime what is going on in britain with a labour party bashing billionaires, more than progressives in the united states after this. each day our planet awakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs.

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neil: thousands of wework employees are out of work and state attorney general wants to know what happened. how did this evolve so quickly. charlie gasparino knows this

better than anyone i know joins us. >> this is reuters report, we confirmed that the new york state attorney general's office opened up probe into wework and circumstances behind adam neumann's dismissal, and severance package a cool billion which is incredible. the self-dealing between neumann and the company with the failed ipo. when it failed it ripped a scab off the company. it should have been accorded billion dollar, multibillion-dollar valuation. neil: but i -- >> here is the thing, couple things, let's get through the investigation. we should point out the probe is focusing on company and newell newell -- neumann's actions. he has not gotten a subpoena. it is broad. it may narrow going into neumann

to charge him. they're not at that point. the sec is looking at all the circumstances i pointed out, particularly disclosures, the company in the s-1 that led up to the failed ipo, that is the prospectus, whether it disclosed all various risks and properly disclosed what the hell was going on at this place. we have a comment from wework. we received inquiry with new york ag's office cooperating with the matter. ag's office declined comment and neumann declined comment. here is the thing, neil, what makes wework a fascinating story, softbank is involved. dumped billions of dollars. this at one time had a valuation of $46 billion. neil: whoa. >> it was a big part of softbank's vision fund. since then the valuation has been cut down because most people think there is a lot of problems with the company. it is like 2 billion to five billion. we don't know exactly what it is. neil: right. >> it's a story about how market in this type of market

overvalued a lot of these companies. it is also a story about the company and how this guy neumann who burst on the scene as a major player, a guy feated by jpmorgan and mark benioff salesforce.com, said he was greatest thing since sliced bread. there this is little different, walk around in his bare feet. grew up in a kibbutz. neil: are those stories totally true. >> yes it is. if you look at things he did, self-dealing issues. leasing out space to wework with properties he may have owned or had a piece in. neil: right. >> massive, bill dollars for leaving a failed company, a company on the verge of bankruptcy if softbank didn't step in, that is attracting this type of interest. we should point out the sec has lots, has a lot of power. new york state attorney jess office is very different. they have something known as the

martin act, they can indict people, individuals and companies with a lot lower bar. the bar for intent under the martin act is lower than under the federal securities statute. you have to take this probe, if you're -- neil: impact then be on softbank? >> if the company does get indicted has to pay a massive fine, softbank may have to provide another, another bailout. if they shut down the company, that is always a possibility, that they will seek to end what they claim is a criminal enterprise, i don't think they are going to go there. neil: right. >> that is really bad for their investment. we should point out, wework, what is the systemic problem with wework? well, they lease out, sublease all the space. in new york if they started defaulting on these subleases you would be able to fill those leases up. new york has a decent real estate market. where i hear the big problem with wework is secondary and tertiary cities where they lease out space but that space will

not be leased out very fast and you could theoretically. neil: or huge discount. >> you could have a cascading effect where it affects real estate prices in these places. neil: scary stuff. >> by the way i heard about you yesterday. you, you. neil: you. >> no you. neil: you. i have no idea what he is talking about. >> you know what it is. you got guilt all over your face there. neil: stop. okay. >> think you're walter cronkite. [laughter] neil: you still think you work here. joking. bad joke. >> he can fire me. neil: interesting to know corner of wall and broad today, next time we americans talk to charlie about this but the president just made it very clear in the white house it is up to china. he will not budge on this whole tariff thing, it is up to china. china is saying, no, no, it is up to you. this is a food fight.

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neil: on your markets week two of public impeachment, the president already fighting back, blake berman with the latest from the white house. hey, blake. blake: 3 consecutive days on capitol hill and two things to note on open-session hearings, firstoff, democratic chairman adam schiff shut down the republicans on a line of questioning regarding lieutenant colonel alex vindman who is testifying right now. vindman listened in on call and testified that afterwards he talked about it to someone in the intelligence community. schiff was concerned that could out the whistleblower and

republicans shade questioning should have gone forward, also secondly the republican congressman john ratcliffe start today build up the case, you see the video right here, that the idea of president trump trying to bribe ukraine for an investigation into the bidens is nonexistent, you see the stack there of depositions, those are all the depositions, public depositions that have been released today. ratcliffe said a simple word search that not a single witness so far has mentioned bribery and president trump, watch. >> you used the word unusual to describe the president's call last -- on july 25th, lieutenant colonel vindman used inappropriate and i word searched each of your transcripts and the word bribery

or bribe doesn't appear anywhere in that. >> democrats have made the argument that those two are not attorneys and they should not have to talk or at least describe bribery. in any event at the white house, we heard from president trump a little while ago, cabinet meeting earlier today, the president gave some comments about impeachment, neil, he drew a direct line between impeachment and vote on the usmca and very was critical of nancy pelosi. >> the woman is grossly incompetent, all she wants to do is focus on impeachment which is just a little pipe dream she's got and she can keep playing that game and i've been told, who knows if this is so, but i think it's so, i have pretty good authority on it that she's using usmca because she doesn't have the impeachment votes so she's using usmca to get the impeachment vote. blake: those comments, neil, from president trump came by the way as the white house is going forward today with a very big push on the umca doing

interviews all across the country trying to get the usmca for house vote, neil. neil: the president, he took on the witnesses today, he didn't even know who they were but knew enough about obviously colonel vindman that he dresses in uniform, you could tell he's furious. blake: yes, you know, the president says and part of his argument is he doesn't know who any of the people are, they have risen to the level and it's been part of the defense of reps that, you know, really there haven't been in firsthand witnesses brought forth on the hill, that changed today as jennifer williams and aide, briefs the vice president and vindman both listened in on the july 25th call between the two leaders but you're right, neil, when we hear from the president on this topic, it is as animated, i think it's safe to

say and understatement as he gets these days. neil: the president is saying i'm not going to remove all tariffs, is that his stance now? >> it's interesting, neil, there's a dispute or at least negotiations between the u.s. and china about how much tariffs need to be rolled back and when, the president has sort of shot down the idea of all tariffs being rolled back, the chinese side wants all tariffs rolled back in phases, it's important to note, neil, that the administration has been talking about the -- the apec timeline, that was last weekend, had president trump, had apec been happening in in chile, the president would have gotten on air force one and been there with xi jinping of china and had nothing to sign as it relates to phase 1 deal, so in a way

canceling apec has been a blessing for negotiations as it's allowed it to go forward, if that had happened, neil, there wouldn't have been anything to sign and what we clearly know at this point is there's a -- they're trying to figure out, trying to go forward, both sides view this differently and right now there's nothing to put forth between both leaders as the president today said if there's no deal, he will jack up tariffs. neil: yeah that sort of rattled the markets and still have more on that. brake blake yeah. neil: blake berman, thank you very much, my friend. blake berman at the white house, the impact of the china comment and what the president was also saying about the impeachment process two unknowns for the markets today, more on the china front that has stocks losing ground, the white house correspondent francesca chambers. what do you make first off on what the president is saying about the impeachment? he's gotten to the point because

of nancy pelosi nothing is getting done, fixation on this shows how grossly incompetent, his words, she is, this is getting more tense, isn't it? >> right, and even nancy pelosi said in an interview that aired on sunday, neil, that the relationship between them has obviously changed since they opened inquiry, she said that's become more candid was her word, while president trump being quite candid there about that relationship and what we can expect to get done by the end of the year. there are folks on capitol hill who are questioning that at this point, there's few legislative days left before thanksgiving and also before christmas at this point, then we head into 2020 when it'll be all 2020 election all of the time. neil: could i can you how this works out, though, when you look at it, republicans argue democrats are ruining the day, this is dragged on to the degree

it has and likely will and then you hear democrats saying, no, this resinates with our base, it's a great fundraising vehicles, republicans claim the same thing, who is this helping, hurting more, what do you think? >> both sides it's claiming that it's good for fundraising and bases, it's so hard before 2020 election takes place, there's been recent elections in kentucky and louisiana, you know, statewide level, but those aren't entirely about the impeachment proceedings regardless of what either side is saying about it. there were other state issues that were at play there, it is hard to entirely extrapolate how impeachment is affecting the president and how much was at play in the states. neil: all right, we just note nasty that was pretty obvious. francesca, thank you very much. >> thank you. neil: redesigning boeing 737, this is not a max story, by the

way, grady with the details on that. hey, grady. >> ntsb is calling on boeing to fix, redesign the fan cal structure on all 737 next generation planes, the fan cal structure is essentially the engine cover and we just heard back from boeing moments ago, they say they are going to take the recommended actions by the ntsb, this all comes as you mentioned after a deadly mid-air mishap in april of last year, one person died and 8 others were hurt on southwest flight from laguardia to dallas, had to make an emergency landing in philadelphia after the engine exploded and part of the fan blade broke off and chattered plane window and the passenger who died was briefly sucked out of the plane and back in 2016 and thousands of these types of planes in the air, the next gen plane includes 737, 700, 800 and 900 and it's the precursor to

the max which you just mentioned, neil, boeing still having trouble with that plane, it's still grounded, still not in the air, so this is just another problem that the chicago base company is having to deal with right now. neil: all right, thank you very much, grady, we will watch it very closely, let's take a peek where we have the dow down 107 points, boeing a part of that, big component of that, without boeing we would not be down as much even though the stock has come off of the worse lows of the day, had been up, remember, there was a buying in when it looked like we were close to a deal with china, you know how that good, the better it looks for china deal, those who would be benefiting from a china deal including about half the dow components, caterpillar among them, certainly goldman sachs and names like 3m and what have you and boeing. the issue that's been reversed with this plane issue. then you have the retail environment where by in large retail sales and aggregate look

very good but then we get news out of the likes of home depot and kohl's where the guidance doesn't look very, very good. they sell on that and ask questions later to financial market strategist alan, alan, on the retail front first off, what's your real sense of where we stand? i mean, there's the wal-marts and the aggregate figures that show great consumer activity, concerns about home depot, maybe some of the others, but i see more good than bad news on that front, but what about you? >> well, fashionist that's part here, i've been told not to make decisions or talk about retail buying because i'm not a good purchaser of fashion, obviously. [laughter] >> if you look at it as a whole, xrt is et, if that track it is sector and it's been trading sideways for 5 years, 40 and 50, we are at the midpoint at 45, so i could look at that as

opportunity but as you well know, you know, purchases go in cycles and things come in and out of fashion and, you know, just go back to the old days, my mall is being torn down in my hometown, i used to work there, used to go to arcade, no one complaining that there's no longer arcades. they have x box, technology changes everything. a lot have become technology companies to keep up, you see up 40% on the year, that's where the leadership has been. neil: you know, people look at dow down 103 points and people freak out, trend has been the market's friend. >> right. neil: how do you play this out? >> stocks are streaking, there's no question to that. let's go through this, the dow is up 20% in 2019, s&p up 25% and tech is up 30% on this year alone, so essentially straight up move, yes, we've had of

emotional turmoil, 12 and 14 for the last month, the next leg down, the trend is down and up in stocks, target is about 10, below double digits in 2017, so there's still more upside in stocks and technical target for s&p is 3500, so everything seems to be, you know, straightforward and up and up and away, they'll be pullback and we will see how they react and react to opportunity. neil: i disagree with you, i think you're a fashionable young man. [laughter] >> this is an old tie, look how wide it is. kids wear skinny ties now. neil: all right, old man. we have the dow down 101 points here, what's complicating things on the trade front is what's going on in hong kong, now, if protests that are getting

increasingly violent don't get the chinese to sort of change their minds, maybe the fact that hong kong is in a recession and investors are skewing the entire area just might after this. it took over 100 years to perfect this masterpiece of italian design and performance... ...and about 15 minutes for us to paint one neon green and do this. hang on. blends right into the italian architecture.

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neil: it's getting worse, protests are ramping up in hong kong, china now says it's asserting right to enact ban on mask and much more the protestors are fighting heroic battle but she fears it could only end one way, it's good to have you back, rose, last time we chatted your fear, the one way was the square way, this has been going on for many months.

>> 5 months. neil: is that right? maybe china is trying to avoid that, can they? >> they cannot, hot pa toy toe and the hong kong really -- potato and hong kong is really showing how dictator is. it's been displayed in front of the world by television, the revolution is being televised and live streamed, most live streamed movement. neil: keep upping the ante, cornering the kids and protestors at the university, university of hong kong, they might expand beyond that, what are they saying to the protestors, whatever they're saying the protestors are ignoring? >> they are say progress testers are roaches, cockroaches, hong kong police actively call protestors roaches and treating them as insects and bugs to crush and deliberately ignoring

human rights so anybody, even cops human rights and the hong kong police have arrested nearly 4500 people, age between 11 and 83. neil: where do those people go? >> rounded up, latest video showed they're rounded up and into a train, maybe auschwitz and detention centers, they are getting raped, sexually assaulted, beaten up, torture. neil: china said none of that is happening, you say what? >> testimonies have showed so especially about the rain and sexual assaults among male -- neil: remember any of that at the time of square or was the

crack-down of that night, the tanks moving out, was that the first sign of china saying enough? >> it wasn't the first time. the first time was you know right at the beginning of like the 1 and a half months before the massacre actually happened. the government population editorial, naming the movement, prodemocracy movement riots, that's when the people started to defy and that prompted millions of people in the streets, that's why we are seeing hong kong now, the government and the, you know, given the go ahead by the chinese communist party leader to escalate the violence to crush the uprising and they are not winning, hong kong --

neil: right, i will defer to your expertise obviously. but i think the one thing that might get them to change is what's economically happening there. they don't really care about protestors well-being but care that hong kong is in a recession right now, i'm sure they care for big businesses empties out businesses and they do care about. >> they fired teargas during lunch hours. neil: it's what's going to give the chinese pause about responding too much more -- >> hong kong is a financial hub, international hub, a lot of investment, foreign investments including american investments go through hong kong on the way to china and also not to mention the chinese state-owned enterprises being listed on the hong kong's stock exchange and hong kong has been served as safe haven for chinese communist

party as corrupt to be laundered into other banks and offshore and so hong kong is too important for china, so it's really the chinese government is really stuck with this, so instead of launching a full-on massacre, sending troops and the thanks, they -- they send, they hire the stocks local to beat up demonstrators. neil: let me ask you, do you think the united states in general should link what's going on in hong kong to the trade talks? >> whether he likes it or not it's already linked, it's tied up to it. it would be too embarrassing for him not to do anything about it. neil: for president trump? >> for president trump, condemning the violence saying all sides should refrain from

violence, china is waging a war on hong kong, hong kong people. neil: you're arguing he has to be more vocal about it. >> not just vocal but needs to do something more about it after hopefully senate passes human rights and democracy act which has been unanimously passed by the house. neil: true. >> hopefully he will comply to it and do something to take action otherwise this is the end of the western civilized world, hong kong is like new york, this is the first city of a civilized society open society being raped in front of our eyes, if hong kong falls, we cannot guaranty new york will fall, colombia university, surveillance canceling the venue just hours before we had to start last thursday citing security

concerns because of so-called chinese group. neil: great deal of pressure to your point. >> exactly. neil: rose, thank you very much, scary stuff, we will have a lot more after this. your turn to keep watch, limu. wake me up if you see anything. [ snoring ]

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neil: joe biden might be facing pressure in iowa but i want you to look at south carolina, he's got a very big lead there and that's where his wall begins, this is coming michael bloomberg picked up endorsement from colombia south carolina's mayor to bloomberg campaign adviser, doug, south carolina looks like it's going to be the battleground, isn't it? >> biden is weakening and in national polls and african americans particularly in south carolina he's maintaining 40, 50% of that community's vote.

nothing is written in stone, of the 2, 3 african-american candidates, kamala harris and cory booker have strong constituency? south carolina which is why people are saying if biden loses, those are two big if's in iowa and new hampshire that south carolina will be strongly in play. neil: big appeal, joe biden's big appeal is that people will get their senses back and realize he's the one with the best chance of beating the president, he's a moderate, at least by comparison a moderate, now, obviously michael bloomberg has weighed all of that and said he might have a good chance but he will never get the nomination and he says the campaign imploding, isn't that where he's going to --

>> mike believes and his team has side this, business leader, job creator, somebody who with his work has educated hundreds and thousands of kids, provided healthcare and also he has been a change-maker and -- neil: how regretting some of the changes. stop and frisk and make an apology, is that a wise thing to do? >> he indicated that while crime came down in new york and came down substantially under his leadership that there may have been excesses in stop and frisk which i think he felt he needed to apologize for. neil: that was the first sign that i saw that he's serious, he's definitely running and that and the fact that he's talking to you. >> look, i'm always happy to talk to a man i admire. i worked with bloomberg for 20 years. he's certainly looking to move forward, he wouldn't have said what he said if he was not seriously considering the race,

that being said, neil, i think the real argument that he's a unique nonpolitician who served as a major, who served as -- neil: winning on the first ballot. >> let's look at it this way, pete buttigieg, mayor pete emerging in iowa, getting strong in new hampshire, but running behind warren and sanders, biden ahead in south carolina and nevada being very close between biden -- neil: you get to the condition and someone mathematically -- the only way bloomberg could pull it off, right? >> he has a potential strategy, nothing is locked in stone. neil: right.

>> where he will make a major announcement on super tuesday, we saw like in 1976, jerry brown did that and almost caught jimmy carter. neil: he won a string of primaries. >> he sure did. we have a situation where we have a divided field. neil: we will watch closely. in the meantime the vaping industry about to be vaporized? new legal fight ahead after this (people talking) for every dollar you spend at a small business, an average of 67 cents stays local.

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neil: two guards arrested over death of jeffrey epstein, fox news correspondent bryan llenas with details. bryan. >> neil, bombshell indictment, two officers tasked with guarding jeffrey epstein the night he was found dead at correctional center surrendered, have been charged with falsifying record and conspiracy working together in a cover-up, tobin noel and michael thompson, indicating they were doing their mandatory 30-minute intimate check where jeffrey epstein was when in reality they were not, as a result of false logs prisoners in the special housing unit of the mcc including epstein were not counted nor

checked for 8 hours between 10:30 p.m. and 6:30 a.m. when epstein was found dead in his cell. during that time internal jail surveillance show sleeping for two hours, searching university for motorcycle sales, furniture and walking around common area, incredible by, neil, epstein cell was 15 feet from the guard's desk, all of this comes as director of the federal bureau of prisons face grilling in which she made clear criminal investigations are still ongoing. >> the case this high profile, there's going to be major malfunction of the system or criminal enterprise to allow this to happen, so are you looking at both, is the fbi looking at both? >> the fbi is looking at both and looking at criminal enterprise, yes.

>> she isn't privy to any fbi or doj informations but she did say she has not seen any evidence to indicate epstein's evidence was not a suicide, neil. neil: thank you very much my friend,juul losing its shine, new york and california suing the e-cigarette maker, attorney dylan representing former juul executive in separate lawsuit, joins us right now, your representation to this executive and in what regard -- what is his legal argument or her legal argument, i'm not sure. >> well, his legal argument is he's a whistleblower complaining about certain internal actions there including regarding the purity of the mint pods that are allegedly over a million contaminated mint pods of juul, that's something being looked at broadly beyond our lawsuit but, you know, he's chosen not to speak about it publicly for now.

neil: juul knew a lot more, it knew more about the dangers or the effect of this particularly early, right? >> well, what we see from the new lawsuit out of california, the california lawsuit particularly targets the marketing of product to children and mint flavor is the most popular amongst children that are consuming juul products and has marketed youthful flavors and has done according to attorney general, fits into a narrative of profits being number one and a lack of concern of regulatory and legal obligations across the board and this is what we are seeing from a number of law enforcement associations across the united states. neil: if you step way back, if you can help me out with, this a lot of smokers who have gone

this route, vaping to get over smoking argue whatever the dangers, i'm better off than if i were still smoking, now what they didn't plan or at least the argument was that no one could have foreseen that's the argument that kids would be roped in and maybe deliberately so but if you crack down on just the use of kids using this, it's fine, it's a fine product, you say? >> well, neil, it's actually the opposite, what the california attorney general's lawsuit shows is that the marketing was first directed at children and there was no talk about this being a replacement for cigarettes, they've later in the face of a backlash in marketing into children have morphed into rationalization, same rationalization that drinkers use, people who smoke marijuana use, people who use products in general, there's always some excuse to make you feel better about it and, in fact, the reality is that people maybe switching from one vice to another but the health effects of nicotine, the long-term

effects of using the more powerful mechanisms on your lungs, they're very much untested and in europe and other jurisdictions, they regulate them much more than the united states. neil: if you're right and you're following this much more closely than i, it's very like camel to market kids, they disputed that then, argued it back and forth since, but this is a strategy many companies have utilized to rope in kids first. >> right. neil: if that's the case for juul i would assume the days could be numbered then? >> well, these are serious allegations, allegations that juul violated california's obligations to verify the age of purchasers and then after knowing that some people failed the tests still marketed to those people and allowed fake

addresses, it's a wholesale looking the other way and with very serious imprelim cases i think -- implications, a third of american children are using the products from eighth grade through 12th grade, this is a really serious problem getting them hooked pretty early and much easier to hide that than it is to hide smoking and so it's actually a very, very invasive thing and -- neil: well, -- i'm sorry, let's say you have adults who now do claim that because of that they've gotten off cigarettes that might not have been the company's original intent or marketing target but it did and has been beneficial, what if the entire company goes out of business and vaping itself is not an option, those people will come out and say, what have you done? [laughter] >> well, i think that they should get medical treatment for their addicts problems, i think that's really a serious issue. >> vaping won't be the answer. >> trading one won't be the answer, i'm not here to make the

argument, what adults can do what they want within boundaries of the law, the question is can a company like this misrepresent what it is doing, what it is selling and who it is marketing to can violate the law and have gotten away with it for years, this is the question will they continue to get away with it. neil: all right, we have calls out to the company, thank you very much, appreciate it. >> thanks for having me, neil. neil: you hear routine certainly on the progressive left of the democratic party even push them out of existence, in britain they're doing one better to force them out after this. own clubs ahead ndingr

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neil: do you worry that that is precursor to bigger problems down the road addressing real government funding and spending

issues down the road? >> we need to address long-term debt, we can't continue to spend money that you don't have, you can't do it at home, you can't do it in your business and your government can't do it either and this year our budget deficit will exceed a trillion dollars and it's going to be over a trillion dollars every single year for as far as the eye can see until people begin to address the fact that something has to be done about spending and revenue. neil: and former speaker of the house and joe crowely, democratic ranking player, alexandria ocasio-cortez, we ought to pay attention to that, both parties do, easier said than done, charles payne, they're dealing with this as we speak, charles, to deal with short-term spending bill, here we go again. >> here we go again, we will kick the can down the road again, we've all lost track, they had an opportunity to put their money where their mouth is

and the deficits and debts only soared under them, here is a problem, i think when president obama was in office, republicans overplayed their hand in terms of, hey, we will fall off the fiscal cliff any moment so we had the triggers, 15 trillion, 16 trillion, 17 trillion and then people started, 20 trillion. 22 trillion. wake me at 30 trillion, i think the american public has said forget it, now you have both folks on both sides of the aisle who are saying, maybe it's not a bad thing, let's spend up some more of this money, let's borrow some more. neil: you know, i wonder, i know we live in low-rate environment and people like steve, u.s. tax money that goes in and out, to keep track on it, it's unsustainable, you and i heard that for a year now, i always think it would take a combination spending restrain and another boom like the internet boom that bill clinton enjoyed for us to have any shot

at this and even she it's a leap, isn't it? charles: money part has never been the issue, it's the spending part and neither party has will to do it. the only way to really get to it are term limits, educate the public to really say let's buckle down and do this as a nation together but, you know, we have both parties who -- who for from property politics for lack of a better term, you put me in this, no one has ever got elected that i know of saying put me in office and it's going to hurt for a couple of years. neil: you're right, 12 minutes away, my friend. charles: it will be a yawner. neil: it never is. this is the latest proof, kylie jenner, kylie jenner is a billionaire, only in america.

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neil: forget about keeping up with the kardashians is lapping them. she's a billionaire now and then some, selling 600 million-dollar stake in cosmetic's company. jackie with the latest. >> good afternoon, neil, kylie jenner, the youngest of the clan, the wealthiest, pretty amaze, she sold 51% majority to cody for 600 million valuing company at total $1.2 billion, jenner will still be in charge of the creative, she's not walk get away from the company here, the cfo of cody explained that jenner has more than 270 million followers. one post of her she can reach number of people that watch the

super bowl. pretty impressive. cosmetic space has been so competitive as of late, the older lines like cover girl, in today's market they are just not selling well, in an effort to diversify, cody bought the social media driven company called unique, business model that was more like avon, you had the reps, sell products to friends and family, they divested the business, it was not working, kylie cosmetics is a different model, the hope that it's going the pay off 600 million, a hefty price tag and the company say it is transaction isn't expected to add in the first year, neil. neil: just amazing, great country or what? >> brilliant. neil: thank you very much, the battle making its way across the pond. british opposition labour party bashing billionaires like candidates here. >> someone gave you a pound every 10 seconds, it would take you more than 300 years to become a billionaire, someone on the national minimum wage would have to work 69,000 years to be

paid a billion. no one needs or deserves to have that much money and obscene. neil: is it obscene? >> i don't have a british accent for you. neil: thank you. >> look, it's obscene to think that the government can somehow redistribute trillions of dollars of wealth from billionaires or anyone else and not do it in a corrupt way, look, the very idea that there are billionaires in our country or in britain, a lot of that is because of the fact that they get so many subsidies, billionaires are probably the biggest welfare recipients in our country probably also in britain. neil: in this country, bernie sanders, elizabeth warren, we don't need them, in we can push them out to the point where we can tax, maybe we will solve the problem. >> i don't think so, we have to have freedom, prosperity will follow freedom and if you're going to allow government to

take force and redistribute wealth from billionaires or from middle-class americans to billionaires, billionaires it always gets corrupted, you will make another ownership class inside of a socialist government just -- neil: in britain they are dealing with this as well, the very wealthy and the not so wealthy and gets bigger and bigger through conservative, liberal governments, here and there, everywhere. >> stop giving subsidies and protections that are not constitutional, stop giving welfare to the largest corporations and the richest people on the planet. like, for example, stadium, jerry jones owns dallas people, texas taxpayers paid for jerry jones' stadium, he gets to pick up revenues from parks, he gets to make hundreds of millions of dollars a year off the stadium that people paid for. donald trump with latest tax package, those are going to create welfare programs for the

richest real estate developers in the country, ill like for them to make a plat tax code, if you want prosperity or disparity, simply make a tax code that i pay the same amount that you pay that you pay the same amount that donald trump pays, i guaranty the richest people in the country pay less in taxes than you and i. neil: let me ask you about this -- this is hot button political issue and the president has said whatever you think of wealth tax and all the stuff, if anyone of these people who are championing that get elected you can kiss the market rally good-bye, you can kiss the recovery good-bye, sell everything. >> i don't think there's any teeth, elizabeth warren has made millions of dollars trying to protect companies -- neil: well f she won and she took house and senate. >> when we thought that -- well, people thought that obama might actually be liberal and might

actually cut and prosecute some of the banks and elizabeth warren is not progressive, she's simply another corporatist. neil: what if she did win? >> short-term -- short-term the markets will probably selloff, people would be worried and things like that, long-term, i don't think -- neil: how do you like the markets right now at lofty labels today notwithstanding? >> i'm generally bullish. in the next 6 months or the year, i think the economy could actually accelerate. neil: so that would be good news. >> that would be good news for the stocks and i guess also for president trump. neil: i see what you're saying there, cody, hedge fund manager trading with cody.com, much, much more and what is going on in retail, i thought everything was hunky dorie, depends on who

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neil: a lot of crosscurrents today including a mixed review from retailers. nothing mixed about housing reports, homebuilders confidence. building permits also risings. highest levels since 2007. thethe man who predicted this is now, charles payne. charles: thank you very much appreciate it. good afternoon, i'm charles payne this is "making money." stocks taking a breather from record levels. we've been up big time, not to mention home depot is dragging on the dow. coming up why earnings misses from home depot and kohl's appear company specific issues than the american consumer. it is day three of the impeachment hearings, as the house is getting ready for the afternoon session. they have two more witnesses. is this moving the needle at all? certainly not impacting the house market. reality star, kylie jenner selling her beauty brand to coty. this sweeping social media could make it a