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tv   Cavuto Coast to Coast  FOX Business  November 27, 2019 12:00pm-2:00pm EST

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ashley: something said my favorite side. bourbon. >> i like you think that is small. >> flying or roasting a turkey? ashley: come on roasting. roasting. connell mcshane for neil cavuto. connell: i really love stuffing. i could eat it every day of the week if i had to. ashley: that is the sound bite. connell, take it away. connell: welcome everybody, welcome to cavuto coast to coast. i'm connell mcshane. filling in for neil cavuto. gives investors a lot to be thankful whether they like stuffing or not. unemployment at a 50-year low. you have 2.6 million jobs added.
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you start to ask yourself what's next? how about a usmca deal, a trade deal? could that send the markets even higher than they are now? there is a meeting underway today, in washington between trade reps from the u.s. and mexico. we'll talk about that. start real clear markets editor, author of a new book, they're both wrong. john tamny joining us now. talk about your book in a second, john which i started reading. it is great. often times they are both wrong but let's start with this market and whether or not a trade deal on, usmca may be combined with some start with china. does that send stocks even higher than they are now? what do you think? >> my sense that is why you have seen some of this uptick in stocks for quite a while. that has been a anticipation of a deal, usmca, and then also quieter talk, happier talk between the u.s. and china. something happening there. i would add a third thing that
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probably soothes eninvestors minds is, all these, all this fighting over impeachment, where that is going to go. once you have both parties in washington at serious odds like this, it greatly reduces the odds of politicians making a big deal that sets markets back. so this divide in washington is very good for the stock market. connell: you're still on gridlock. that is still '90s, john. >> nothing changes. connell: in some ways it doesn't actually but you think that is helping sentiment but part of what you're saying a lot of this might be priced into the market if we anticipated trade deals that will get done, right? >> i don't imagine, i would be very surprised if upon signing or, voting through of the usmca, that there is some paying market jump based on that. because i think a lot of this has been assumed. the assumption also is, donald trump wouldn't want to go into the election year 2020, with china still uncertain. he needs to have that less after
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risk factor also. so my sense, that is what investors are pricing in, along with the divide that is always pleasurable to them. connell: you talk in a your book, again the title gives that way how they both get things wrong many times. in terms of economics what might get started into markets, at some point how we figure out how the race looks for 2020 what the candidates that get elected would do. you take on republicans and take on democrats. one of the chapters on tax increases, no surprise, people heard your commentary the democrats get it wrong on tax increases. so could we be in a situation next year look like one of them might win and that is something that investors have to consider? >> certainly if one of the democrats sales towards the nomination looking for a big tax increase, my sense that would be priced early as a negative for the markets, just because the outcome of election 2020 is
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still uncertain. that's the bad news. the good news historically if it is expected that slow growth or tax hiking person is going to be elected president, usually the bad news happens in the election cycle and then once they're actually in the white house the good news starts to price in because we have got that information. we've been able to price it. invariably it has to be stressed that the stock market is the most powerful force in the world, much more powerful than any president. so they can't move too far left or right. we've seen that with president trump. we've seen that with a president warren. she cannot, she would never be able to do all the things she proposes. thank goodness. that is the beauty of divided power in washington. connell: she is fading a bit anyway, we'll talk about in a minute seems like in many polls. this is truly fair and balanced book with john tamny. he goes after republicans early on for things like immigration. great read.
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"they're both wrong." john is very independent thinker. the book reflects that. always good to see you. >> thanks for having me. connell: holiday sales expected to top one trillion dollars for the first time. there is a round number for you as stores are set to be opened up tomorrow. all the deals, even on thanksgiving day ahead of black friday. former saks chairman and ceo it with us. seems like it is all online, steve. that is pretty big number to say we could get to a trillion dollars. what does it tell me? >> it tells me the consumer shopping and mastercard spending polls, like we'll be in the 3 1/2% type growth for the holiday season. it is healthy, but not quite as good as last holiday season. we're closer to four 1/2 to 5% growth range this last season. not just online. online is growing very quickly, probably in the 15% range. what you see is about 85, 90% of commerce is still being done in
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a physical store. that's why beginning of this holiday season is so important. thursday, black friday. not so much, sales of those days per se. it is the mind-set. it is getting people into the headset that they're timed to start shopping and this year it's a shorter season. you have got six less days. it is early, heavy promotions, hit them hard, hit them early. connell: we talk about retail in broad strokes to your point, to make a point how the consumer is doing or what have you. a lot comes down to execution. you see some stores doing very, very well. others obviously struggling. who is impressing you in terms how they're hanging in there on the brick and mortar side? as you say, they're still people. we see video of them running around the stores for as much as we mentioned online? who impresses in execution? >> i think you have a winners and losers. the winners are a lot of the big box stores that made the omni channel invests. they have the technical
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infrastructure, analytic skills. it is walmarts, targets of the world, that are seeing terrific results. but you're also seeing certain categories doing better than others. for example, the electronics category to doing extremely well. you saw that in the best buy numbers the other day. category is doing nicely. jewelry is holding up pretty well. the department stores not doing as well. connell: right. >> you're seeing tougher results out of the traditional department stores. connell: we saw barney's, which everybody would think you pay arm and leg out of anything in barney's, we showed video they're giving stuff away as they're going through bankruptcy. >> it is going through liquidation. it demonstrates that the whole retail industry and department stores especially are a story of consolidation over many years. it is hard to be a niche player in the marketplace. they were a by-product of some of that but having said that you have 12,000 store closes in the united states this year. on the other hand you have a lot
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of store openings and growth driven a lot by digitnally native brands as well as some larger players doing even better. connell: to wrap it up, steve, anything says we're not heading to recessionary behavior. maybe we're not -- >> we have healthy consumer. the consumer is 2/3 of the economy. absent a big disruption. we're coming out of the year with fairly amount of consumer momentum. connell: happy thanksgiving to you. steve sadove. when you're talking about records broken this holiday weekend. we do stories every year about the thanksgiving travel this year. over 49 million people traveling by car. rough weather threaten the travel in many parts of the country. grady trimble on all that today. reporter: hey, connell. 49 million americans on the road today, we decided what is one more car on the road. we're here outside of chicago.
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that 49 million surprisingly is not a record but second only to the record set in 2005. it is up about 2.8% compared to this time last year. one thing drivers do not need to worry about today, is gas prices. they're still relatively low. the national average about 2.59 but what they do need to pay attention to closely is the weather. there is wicked weather from the west coast to where we are in the midwest. we talked to some drivers out here. they noticed the wind here in chicago, even though there is no snow or rain right now. they said the wind was pretty bad even in small cars, let alone for semitrucks. >> i mean even, i'm in very small car. even in a small car you can feel it pulling at your car. i can't imagine what it is like to be in a semi-truck. that has to be a completely difficult situation. they're slowing down a little bit but probably not enough. reporter: so where is everybody going? the top destination this is
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holiday season, two of the top places people are going in hawaii. four in the warm weather cities of florida. connell, some people are going up to where you are in new york city. connell: we have enough people here. i will say this, grady. we do this story every year. the great jeff flock handled it for years. normally he drives. makes me nervous. you know what, this is safer. >> i have both hands-free. connell: this is safer. have someone else drive, you can speak. not criticizing jeff at all, you know at least we're not as nervous watching you sometimes you never know. jeff is looking at us. driving the whole time. good to see you, grady out on the roads in chicago with a driver. not a bad gig. major democratic donor coming up next he is a joe biden supporter. mike bloomberg getting in the race he says changes potentially everything about the race. catch us "after the bell" on 4:00 p.m. today is the final full trading day of the week heading
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thanksgiving. friday is a shortened day. we'll see you back on "coast to coast". 1 in 5 people you meet wear dentures. yeah. that many! but right now, is not the time to talk about it. so when you're ready, search 'my denture care'. poligrip and polident. fixed. fresh. and just between us. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution...
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connell: so the third richest person in the world, founder of lvmh, bernard arnault reportedly on track to become the richest person in the world after the french luxury giant announced they would buy tiffany's. bezos, gates may have to move over as we shuffle around the order. president obama is reportedly saying he is concerned for his former vice president joe biden in terms of winning the presidency in 2020. former obama share, steve westly is our guest now. backing the former vice president in this particular race. i'm talking about a "politico" magazine piece where you probably seen or herd about where the former president is
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quoted and the context of that quote is, it comes second or third hand, that he is talking to another candidate who comes to see him in the office supposedly, he says, i used to have a intimate bond with the electorate especially in iowa apparently president obama says he no longer has. you know who really doesn't have it? joe biden. what do you say? >> well, look i can't comment on that i wasn't there. what i can say is, vice president biden has led this primary pretty much from day one to today. i think he has put together a strong national campaign. he is clearly the guy to beat. i can also say that barack obama's endorsement would probably be without any doubt the most the important endorsement in this race. if he were allowed to run a third time i would think he would win the the presidency by 20 points. connell: that part is not happening obviously but the first part might and hasn't yet. there is lot said about the
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former vice president, i asked him not to endorse me. what do you say? >> look, again, i can't comment on that. what this is all about is, you have got, a dozen candidate, the number is shrinking all the time and the big question i think voters are really looking deep into their souls on, at least if you're a democrat, which of these candidates joe biden, pete buttigieg, senator warren, et cetera, can win those three or four key electoral college states? i think vice president biden is best positioned to do that. i think the data shows that. he was born in pennsylvania. >> right. >> i think mike bloomberg coming into the race introduces a interesting new element. we'll see. that is why it is one of the most interesting elections of our time. connell: let's talk about that a little bit because as you allude to that buttigieg done a little better in the polls. there is new polling where biden leads nationally. what is the effect of bloomberg? he will not come to you to raise
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money. he will spend a lot of his own money. how does he change the dynamic of this? >> easy to write mike bloomberg off as a billionaire. with the base of the party that is not the most popular thing in the world but i think analysts and other candidates would be remiss to dismiss him. here's why. he held office three times. very popular mayor of new york. many said the best mayor in the country. second, elections, especially presidential elections in this company are expensive. you have the world's ninth richest human being, someone can run a 50-state campaign. and third, this is something less talk about, all democrats are talking about income redistribution. mike bloomberg is talking about wealth creation and redistribution. i think that will be a powerful message to a lot of voters. he is trying to position himself as the candidate of jobs. we'll see how it shakes out. connell: as a biden supporter, does it worry you?
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bloomberg gets into the race to defeat donald trump what he talked about in his ads but in the primaries to beat someone like elizabeth warren who he disagrees with on the issues. net effect of that analysts will tell you could split the vote of so-called moderate democrats and that would hurt the guy you're supporting vice president biden? >> that is an issue. any candidate on the left or center would be foolish to disunder michael bloomberg. he is extremely articulate, strong track record, job creator. i think joe biden is the person that resonates the best with america. he is the most experienced. he is ready to go on day one. also someone that most every american knows, feels comfortable with and has been associated with probably the most popular presidency in the last few decades. connell: final point, you had a lot of complimentary things to
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say about bloomberg. why is biden better than bloomberg? somebody that needs fund-raising, still need supporters like you? just listening to you speak sounds like you really like bloomberg? >> look, i want to see the person who is most able to beat donald trump because i think he has been bad for our country. i believe joe biden is that person. one he is the most experienced. two, he plays particularly well in the northwest, the northern part of the country, northern midwest, again, this election boils down to wisconsin, michigan, pennsylvania. you have got a candidate, joe, from scranton, pennsylvania. he is someone the american people are comfortable with. i think the american people after all the drama of the trump administration are yearning for someone they can like and feel good about. i think joe biden is the most likeable candidate in american politics today. connell: steve westly, thank you for coming on. we appreciate it. raises a lot of money for
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democratic candidates over the years. the impeachment hearings going on and will continue to go on at least in the judiciary hearing, may be hearing democrats. we'll talk about that angle. ♪. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up.
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we're portuguese? i thought we were hungarian. can you tell me that story again? behind every question is a story waiting to be discovered. this holiday, start the journey with a dna kit from ancestry. ♪. connell: democrats pushing impeachment to the next phase. the house judiciary committee set to begin public hearings next week. the invitation is out for president trump to attend or a legal representative. blake berman following all of that. blake? reporter: one week from today as it moves from the house intelligence committee to the house judiciary committee for public hearings there. i'm told that the white house is reviewing its options as it relates to whether or not president trump will be sending his counsel to those hearings or not. the white house press secretary stephanie grisham responded
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earlier today by saying the following at one point, writing quote, the white house is currently reviewing chairman nadler's letter but what is obvious to every american is that this letter comes at the end of a illegitimate sham partisan process. the president has done nothing wrong and the democrats know it. the nadler she is referring to there is congressman jerry nadler, of course the head of the judiciary committee. he has given president trump a deadline of 6:00 this upcoming sunday to inform the committee of his intentions. there is both plenty of time for the white house to both map out the strategy and to respond. the importance of the house judiciary committee hearings by the way, that is the committee that could eventually produce articles of impeachment upon which the house, the full house would eventually vote. nadler has invited president trump to appear before that committee on wednesday as well though connell, that is highly, highly unlikely for a lot of reasons of the keep in mind here as well, that the president is set to be out of the country on wednesday. he is headed to london.
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then the lond area where on wednesday he will be meeting with nato leaders, discussing national security issues worldwide issues at that time. so the president will be overseas while that process, which the white house has called an illegitimate sham partisan process and president describes as a hoax will be playing out here in washington. connell? connell: all right. and it continues. blake, thank you, sir. blake burman at the white house. massachusetts, the state police getting help fighting crime and getting that help from not so furry friends, robot dogs, raising hairs. next. ♪.
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♪ connell: four east coast states are ramming up the fight against the law of salt taxes. kristina partsinevelos has the story. reporter: they are appealing the decision. this is decision about state and local tax deductions. it is supposed to be capped at $10,000. they have made two arguments. these sates are going for -- states are going forward that the salt deductions are
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unconstitutional because they cannot go ahead with share own tax policies. the second argument they're making as well that they have the right to create a state charitable, an organization, that means that people let's say for example, living in connecticut can pay into this, or new york, can pay into this charitable organization for local services and then get a charitable deduction off of their taxes. that is point number two. i spoke to jill garvey of hunter private bank. she says that is a interesting that create a state charitable organization. hasn't seen a state do that. there you go the blue states are complaining once again. you have to keep in mind a little bit more expensive here. so wages are a little bit higher. the percentage of taxes are slightly higher. when you have a a generic 10,000-dollar cap it affects the state as little bit more. that sentiment echoes what the new york attorney general from new york attorney general james said in a press release and i
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quote, this cap has already put a heavy burden on hard-working middle class families of new york. new york will not be bullied into paying more in taxes or changing its vital public invests because of congress and the president's partisan choices. another sentiment from the new jersey governor phil murphy, said a very similar thing too. he said the trump administration continues to the irs as a political weapon which affects thousands of hard-working residents of new jersey and similar states. to put it into context really quickly, back in 2016 the average deduction in connecticut was over $19,000. now the cap is $10,000. so the tax specialist i spoke to, she told me overall what we'll really have to look at is the benefits from the trump tax cuts that really, we only got information as of october 1st. that is when they filed in 2018. and those benefit, offset this lowered 10,000-dollar cap rate
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that we're seeing in a lot of these state right now. so right now, we don't really have information to see if the there is going to be evening out over there. but overall, these four state, they're appealing. i asked, they don't know the date yet, they don't know the court date for that. but till with be a longer story. it's a little bit complicated. hopefully we to the through it. connell: you did, it is important though. you're right, some people argue net-net you end up with a tabs cut even though they didn't expect it from the tax reform plan first came out. a lot of people still did even with the change in the salt taxes. >> the thing with that we don't have the information just yet because the tax deadline for 2018 was october 1st. so there is still a lot of research to be had. connell: we'll keep following it. thank you, kristina partsinevelos. this next story is really interesting because it combines money with sports. look at this, they made the thing scroll so my face is on there. neat how they do that. the average nfl football franchise is worth close to $3 billion, right?
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but the question who can get a piece of that? it could be a new opportunity, a lot written about this lately for private equity. in fact foxbusiness.com, why we're showing the website is releasing today a new five-part series on private equity firms having an impact on pro sports ownership. part one of that is online today. so read that. it will be interesting throughout the next few days. fox contributor john layfield joins us now to talk about that. easily distracted john, when i saw my own face on the website for a second. you know, john knows his sports, knows his business. one of the greats in pro west link of course. most people know that. this is interesting to see. we start with football. these teams are worth a ton but they have a rule in the nfl, you have to be an individual, can't be a firm to have ownership stake. maybe they will change that at some point and allow private equity in with other sports, what do you think? >> i think they will. for instance, the dallas
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cowboys, when jerry jones bought in 1989 for $140 million. 70 million for the cowboys. 70 million for texas stadium. that franchise is worth $5 billion. that is an incredible investment. used to be pro sports was a vanity investment. now because of that you're starting to see private equity nice to get in. makes sense for owners to sell off a sliver, 10, 15%, to private equity guide to add equity in the franchise. i think it will change. connell: sometimes they need player salaries, for the coach or improvements in the stadium. overseas, manchester city which is hugely successful premier soccer league in england, they have supposedly sold 10% of their team to silver lake, john, which is big private equity for 500 million. that values man city at almost $5 billion, 4.8 billion for a
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team. that's crazy. >> manchester cities is one of the best franchises in the world. they have academies in almost every continent. they're looking to build their franchise globally right now. right now the reason is the proliferation of the internet. before at least in united states you had four major networks and espn that could bid on rights for games. now you're starting to see, indian cricket league, the biggest competitor to rupert murdoch was facebook trying to buy the digital rights of the indian cricket league. when rupert did the last telecast talking about it, he mentioned that the biggest threat was facebook, twice when he talks about sports rights. i think you will see the time when apple, who has so much money right now, for them to spend $10 billion on nfl rights for a season is nothing. i think you're going to see someone like that in the next eight to 10 years, buy up something like the nfl, buy up something like the premier league -- connell: broadcasting rights, not a team or both? >> for broadcasting rights, yes.
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now it makes apple tv the same thing fox sports did in the '90s. everybody thought rupert murdoch over paid for baseball or the nfl. it was the best thing he did. it made fox sport. amazon and apple will do the same thing. when you do that, these teams like man city, like the dallas cowboys, like the new york giants are going to become worth exponentially more. connell: my team is horrible but it is worth so much, the knicks. they own the network. that is where it comes from. interesting story, john. talk to you soon. have a happy thanksgiving. john layfield with us. we move on, we'll switch gears. violent protests in iran are escalating over economic conditions there. we'll have the latest on the crackdown against citizens in iran when we come back. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis.
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♪. connell: new video showing protests and violence in iran. fox news correspondent trey
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yingst in the middle east on developments there. trey? reporter: with the internet restored in iran, the world is getting a glimpse what things look like on the brown last week during the nationwide demonstrations. video shows people running from security force host were firing live ammunition into the crowd. there are new images of citizens arrested being processed in a detention facility. 140 people were killed as protests erupted over rising gas prices in 20 iranian cities according to a human rights group. experts say the protests that took place are different from the 1979 islamic revolution, since the regime has support from the security forces and the army. the iran ran regime has a tight grip on the civilian population. making it difficult for the current anti-government movement to gain widespread support.
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last friday united states sanctioned the iran minister, responsible for cutting internet and freezing his property in a u.s. jurisdiction. one decision to take down the internet was unacceptable but not unexpected. khomeni said this week he is blaming the united states for the death of their citizens america encouraged quote thugs to kill people in the streets. >> translator: if was a deep, extensive, very dangerous conspiracy that cost u.s. so much money and effort. they wanted to use an opportune to carry out this move which was an act of destruction, arson, murder, and vandalism under the pretext of -- reporter: what you heard is iranian propraganda. iran has a long history of blaming israel and the united states for violence against their own citizens. violence conducted by the regime. no evidence to support those claims by the ayatollah that anyone except iran murdered their citizens last week. connell?
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connell: trey yingst for us in jerusalem. to a "wall street journal" journal story, reported that federal prosecutors launched a new criminal probe into pharmaceutical companies over the opioid crisis. we have former federal prosecutor on with us right now. katy, this has been a long time coming, was the case earlier this year. we'll probably see more an more of this, right? is it getting to a point where some high-profile executives in some of these companies need to be, need to be worried? >> well, absolutely. there has been civil enforcements for a long time but obviously that hasn't done enough to curb the problem. perhaps going after the companies and executives criminally could change the course of this crisis. i think that is the hope of prosecutors. connell: what does their case look like on the merits? obviously with some of, we're looking at some big companies, teva, j&j, others on the screen right now? we heard some of the cases and marketing practices and the
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like. as a prosecutor, when you look over some cases, do the prosecutors have a good argument against the companies i guess to ask it simply? >> sure. so it is a little bit difficult to make cases against these companies who are not directly committing criminal acts but the companies are held to certain standards to report suspicious orders, report companies making orders for non-medical purposes. if prosecutors show there was intentional or reckless disregard for what these drugs were being used for and for illegitimate purposes, then i think they can get to the point of proving a criminal case. obviously a lot more to it than that. they have to show there is intentional act, or reckless disregard, that results in the death or serious injury for somebody. that will be key. connell: there is a example in "the wall street journal" the company is called the rochester drug cooperative. that is in the article we referenced today. the company is said to illegally
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delivered prescription drugs, opioids to the pharmacies, the company knew that they were giving out drugs to people without legitimate medical needs. they knew all along these people getting them did not know them. that sounds like, that is red flag stuff but it doesn't have to always go that far, does it? >> it doesn't necessarily have to go that far. the controlled substances act has specific requirements of companies to report suspicious behaviors and orders of that sort. if you can show the companies are intentionally disregarding very serious risks, then that could be enough but you're really going to have to show a direct link. you can't say generally speaking the companies make a lot of money and these drugs are causing problems. because the drugs have legitimate medical uses for a lot of people. connell: yes. >> so there is a line to be drawn. quite frankly people will get drugs if they want to, even for illegitimate purposes but if the companies are facilitating that in a way they are recklessly
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disregarding a risk to people's lives, then the prosecutors could make a case. perhaps the risk of criminal prosecution will curb the behavior of these companies because millions of dollars of fines when companies are making so much money from these drugs. connell: yes. >> hasn't done much. connell: wasn't enough after deterrent because they're making billions and billions. we'll keep following you. good to see you. taking turkey out of turkey day, a thanksgiving trend i guess that is catching on. we'll talk about it. it's been reported that there's a cyberattack on business every 39 seconds. ouch. i don't even want to think about it. comcast business has a solution. we go beyond fast with a cloud-based security system that automatically updates, so you always have the latest protection. phishing. malware. risky sites.
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♪. connell: now we get to talk about the future of shopping. a new world of businesses using new technology, also artificial intelligence. really is changing retail especially for small business operators within retail. cheryl casone hand been doing reporting on that. she joins us in the studio with details. >> connell, shop something changing again. first it was going online, that was the big leg up for retail companies. the necessary part how technologies will help you shop in a completely different way. take a look. evolution of main street usa can be found in the big apple. it looks more like main street 2.0. american express showcasing technology of tomorrow that can help businesses of today. we got to sample the tech and the doughnuts meant to take the hassle and hunger out of shopping experience. using doughnut detector shows you which flavor you like in virtual reality software, stores
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can become digital playgrounds to connect with customers. looking for character in the bottle of wean? take a peek at the product with the help of an ar advertisement. instead of spending all your time circling the clothing rack, time to do shopping, the ar clothing rack you shop for almost everything without taking up the store space. it doesn't stop there. tech of the future can help sell the clothes of future too. >> we have coats made out of tents. we're working on bags made from single use plastic. basically we have a lot of high quality trash in new york. we're using it to make high quality products. >> high quality is what customers come to expect especially with their technology. >> i thought that was really cool but sometimes technology kills us and you have to keep that in mind. >> the future of main street usa is on its way but this little glimpse may be the perfect recipe for a shopper with little time and a big appetite. i'm not that great at technology.
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actually i did understand how this process works. there is twofold to this. first off the facial-recognition technology, biometrics you saw, i was looking at images. the machine was reading my face, and telling me what type of doughnut i would enjoy. by the way it was sprinkles. connell: about to ask. anything with spring kest. got it. >> anything with sprinkles. it is tough for small business to pay for a storefront on any main street, the overhead. you can put 20 small businesses into one small space. then you have got somebody to walk in and shop at all 20 businesses t was all virtual shopping. it was interesting. connell: that is good way to make the most out of it. since you don't have the resources to be bigger than that good use. thank you, cheryl. good story. >> yeah. connell: how about this this pass the gravy, you will hear a lot about that but how about passing on the turkey? a new survey said 28% considered not having turkey at all this
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thanksgiving. this research was done by a plant based food company. that could be interest in all of that. the nutritionists are here with their takes on this. tammy, which is what? thanksgiving with no turkey? good to see you guys. >> great to see you. >> we love people are embracing a plant based diet because it is associated with lower risk of cancer, heart disease, diabetes, obesity and cognitive decline. that said, planned based eating does not mean no meat. connell: right. >> in fact, whole foods plant based eat something celebrating plants, eating less of the unhealthy stuff like refined sugar and added refined carbohydrates. connell: you're talking about tt based, not being vegetarian or vegan, have more planned based on the meal? >> you don't have to let your
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turkey feathers get ruffled. you can enjoy the turkey. eat less with more vegetables. >> the really cool thing as dieticians we're saying you can have the turkey t fits into a plant based diet. if you look at thanksgiving table, turkey, the turkey breast is actually one of the healthiest items. it has protein, it is packed with protein. it helps to keep you satisfied. so you might be able to pass on that pumpkin pie or sweet tate toe -- potato pie. connell: i'm talking about the stuffing, i love the stuffing. by the way i will have all of that tomorrow but it is only one day. >> one day. connell: that said, that is the turkey gets a bad name. a bad rap. >> all the other things are carb loaded, calorie dense. a turkey breast, 3-ounce serving, about the size of my palm, only 150 calories. >> i know people are looking at nutrition twins with stink eye, you don't even know the half of it. i put my turkey in chick
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gilbets. you put the turkey, put on quarter of plate. take half the plate, put the green vegetables on. last quarter, sweet potato, bake potato, stuffing all of it. connell: everything in moderation. can still taste good. >> right. connell: you can cheat a little bit so to speak but don't have three plates. >> advertiser, if you want to go planned based, that is what service is all about plant based for the day, instead of going for pigs in a blanket, to, set aside for another day, go for the pistachios instead of other on advertisers cream based and clog your arteries, that contain better for you model and polyunsaturated fats and trio of fiber, protein fat, fill you up.
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mindful. take off the shelves. you see the piles stack up. they slow you down so you know exactly what you're eating. connell: go ahead. >> what we will say about eating planned based, most people don't have the turkey. if they eat the way that we're suggesting, the be able to feel light, feel -- connell: not passed out on the couch? >> yeah. connell: football game, passed out on the couch. >> they have indigestion, someone needs to roll them out you know? connell: that is another story. we've done a million stories seems like however many, this is little bit of a different subject just in general people switching out of meat, the impossible burger craze and all of that and i guess the big theme comes out, seems to me, not necessarily always healthier to do it. what do you guys think? >> i think that that is a great point. the whole thing about eating plant based, it supposed to be whole foods. you might be better with grass fed beef burger instead of
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additives you don't know. >> processed ingredients. some burgers are sodium is 10 times higher than actual burger which is lower in sodium but adding a lot of stuff. connell: happy thanksgiving you. >> enjoy it too. connell: don't go crazy. we'll move on to the markets for a moment. we're hovering around record territory for stocks. the thing a lot of people are focused on whether we get a trade deal done with mexico and canada, u.s. canada mexico trade deal. new developments live from washington when we return. we'll be right back. i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts!
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so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. 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. ♪ (shaq) (chime) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so...
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connell: we are back for hour number two. good to be with you here on a wednesday. i'm connell mcshane filling in for neil. going to be a busy hour with the markets still hovering around the record highs ahead of the thanksgiving holiday tomorrow. a lot of that thanks to strong economic data, some growing optimism about trade which we are going to talk about in a second, then you have travel worries hitting highs as well. you got a couple of storms threatening to really wreak havoc on thanksgiving plans. we will get into the weather and how people are handling it and the return of a holiday retail staple. how about this today. we are live at toys "r" us, the first toys "r" us to open in the u.s. since the bankruptcy, there it is, paramus, new jersey. before we get to that, this push for usmca to be passed, that is now on in washington. looking at the trade rep's office earlier in the day, u.s. and mexico trade negotiators meeting in d.c., pushing for that agreement. we will see whether they can get it done or not. hillary vaughn is there and joins us with the latest.
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what's going on? reporter: connell, mexico's trade team just left the ustr after meeting with ambassador lighthizer. the focus of discussions at this point are over enforcement of labor standards. that's something that the nine democrats that have been negotiating changes to the usmca have been pushing for. two sticking points here. one thing that democrats would like to see, they would like goods to be able to be stopped at the border that are -- that do not meet labor standards and secondly, they want inspectors from the u.s. to be going into facilities in mexico, inspecting them to make sure they meet whatever is agreed to in this trade agreement, and up to this point, the thought from mexico has been they have called sending in inspectors into their facilities absurd, stopping goods at the border is not a good idea. they don't want to approve anything that would threaten their sovereignty or agree to anything that they see as being too intrusive.
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i talked to the undersecretary who had questions from the press while leaving today, if he thinks that democrats are going too far with what they're asking for. >> there are lots of suggestions ma made. i'm not going to say these are the suggestions of the democrats but what is now being considered is not going too far, it's going in the right direction. reporter: i also asked the undersecretary if he thinks a deal can be reached by christmas. he joked which christmas. but he says he hopes they can reach a deal by then. congress only has eight working days to get a deal done. house speaker nancy pelosi had told mexican trade officials that they would have the text by the end of november, but a house democratic aide telling fox business today that in order to get this up for a vote on the house floor by the time congress leaves, it would have to move very very quickly and one other
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news point on trade today. the ustr also announcing they will release the report on the 3% digital tax targeting large tech companies in the u.s. after a n investigation that has been ongoing, they are now ready to release the results of that and announce any potential action on their part on monday. connell: hillary, which christmas. that's a jokester, that undersecretary for mexico. hillary vaughn at the u.s. trade rep's office. with all this going on, we have markets in record territory. what would happen if we did get a deal, whether it's usmca or phase one with china? price features group senior strategist phil flynn joins us from the floor out in chicago. i guess a couple schools of thought on that, that markets have been going up, there's been more risk on because of the fact that we are anticipating a deal, or maybe there's another leg up after we get one of these deals or both. what do you think? >> i think both. i mean, there's no doubt that when we look at these markets,
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they have been anticipating optimism about this, because let's face it, the democrats have a lot on the line here. there is so much in this united states mexican canada trade agreement that is good for democrats and their base and it's going to really look bad on their part if they decide not to get this done. some of the sticking points they are asking for are kind of over the top and i get it, you want to trust but verify on these international agreements. i get that. but if they push too hard on this and it doesn't get done, it's really going to go back into their core and of course, it will play right into president trump's hand. the other thing is, president trump has been talking about the impeachment, the do-nothing democrats. this would be a disaster for democrats if it doesn't get passed. the market goes down and the unions are saying hey, this was a good deal, where are you for us now. connell: i agree with you on that. we will talk about the politics of it a little bit in a few minutes. the other side as you know, people say well, they don't want to give the president a win at all but i guess your point, you are betting on the fact it would
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actually be a win for them, that it would be in their own interest on the democratic side to do this. that's how you are making your bet. >> it really is. at this point, i think the democrats want to own this somehow because they are not happy president trump caught a deal that's pretty darned good for most of their base. they are saying hey, we got to make this our agreement and if this is all they got to make it a democratic agreement, i say let them call it the democratic deal. i think president trump would be happy with that, give them credit just to get it done. connell: you are on with us a lot every day, it's like a record every day of the week, it seems like, gain after gain and inching up and up. does that continue for the foreseeable future? what's the next -- we talk about trade but is it just trade or is it the fed? what's really driving this push? >> you know, i have to go even back further than all the concerns about trade. i go back to the trump tax cuts. you know, a lot of people, if you remember when the tax cuts were put into place, corporate
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tax cuts, lot of people said it's a sugar high, it won't do anything for the global economy. take a look at our economy today. we saw the growth numbers, the gdp, much better than expected. look at the jobless rate. all these people are saying corporate tax cuts are a giveaway to the rich and to the corporations. look at the real economy. i think that's the real story. when historians look back on this it won't be about trade. it will be about historic tax cuts that set this bull market. connell: always good to see you, phil flynn, out in chicago. to pick up on what phil is talking about, can republicans trust democrats to make progress on usmca. republican strategist joseph pena, if his microphone was on, may have be chuckling a few minutes ago and danielle mcloughlin is also with us for the hour. that's not a chuckle at all. you want to start us off on that? because i actually think it's interesting, where the incentives are on this whole trade deal. maybe get the president a win, or get yourself a win. what do you say? >> the question is can republicans trust democrats to
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do the right thing, the answer is unequivocally no. democrats have sacrificed all policy objectives on the aullta of impeachment. we run out of money on december 20th. when you talk about the timeline for trying to get things done, where are you going to fit in all this time for impeachment process and trying to get something done on trade. connell: i agree, with that to some extent, then i see what phil's saying, because i think if i'm looking at it from just a big picture perspective and you are kind of advising the democrats what to do here, you look worse if you go down the road joseph is talking about. you look better if you make a deal on trade, because then you can come back politically and argue look at us, we are able to do two things at once, we got this deal done and we are doing whatever, impeachment. >> right. we can walk and chew gum narrative. connell: i was looking for a different -- >> i know. turkey and pumpkin pie, maybe bring it to a thanksgiving theme. no, i think what they are doing is politically smart. i think about the original nafta
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signed in 1993, we are 26 years on. the big thing, one of the big thrusts in that trade agreement was labor and environmental standards to avoid the race to the bottom. that's what democrats are doing again. >> you think eventually they get to a deal? >> i do. earlier in the year i said i thought they would actually hold it on the basis it would hurt the president. now i say they decided they can get something done that helps them as well. connell: that's what i'm saying. you can have a win-win. you say they will hold out. now, don't get this guy a win by any means. >> we know the economy is a tightrope upon which president trump's re-election hopes are perched, we also know that any bill he signs and makes a record bull market go even better, is going to be disastrous for democrats. i think again if we are talking about what's in the best interests of america, talking about working class americans, farmers, everyone across the board, this is a win for the american people. connell: you think it helps growth, and therefore -- >> 100% helps growth.
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connell: helps the president politically. >> which helps the president politically. >> i bet you five bucks. connell: that is a tough -- you're right, that is kind of a tough one politically for nancy pelosi but i just get the idea here that hillary is reporting, other people are reporting they are kind of leaning in to try to get something done. >> mexico is here. of course, this is a ratification process. we need the house and senate. i think they are going to do it. i think they will take the political advantage of it. whatever advantage they can. >> look, i think again, the writing is on the wall, the timeline right now is so tight that they are going to have to choose. are you going to try to have the president indicted in time for the christmas ornaments or are you going to try to do what's right for the american people. i think when you toss it up right now for democrats, all the people screaming from the far left i think realistically we know what the choice is going to be. connell: interesting time coming into thanksgiving and the christmas break after that, then
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the new year and we will really start talking about 2020 as if we haven't been talking about it anyway. >> january 20th, 2017? connell: and that's the accusation the republicans will say, the democrats are out to get the president since then. that's what they have been saying. then the president comes back and makes the argument well, phil flynn brought up tax cuts. he does have an argument. do you see it looking at it from your side, that president trump even with everything going on, impeachment, everything else, is still a favorite -- >> yes. i actually do think if they are smart they will get phase one of the china trade deal done. to your point, the economy is the thing that's really bolstered this president. despite pretty historically low popularity -- >>. connell: but if you had to bet, who is going to be the winner in 2020, you would say if you had to pick it's president trump, he's going to be tough to beat? is that what you're staying? >> i will say he is tough to beat. i don't think anyone would argue with me on that. we have impeachment hearings to
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unfold but he's certainly, certainly going to be extremely tough to beat. he plays a very different game to the regular politicians. connell: if you fell asleep or just read certain things or look at other factors, a president who is about to be probably impeached and most likely not removed from office, you would say boy, is he really tough to beat. the fact is he probably is. it goes back to your earlier point about the economy has to hold up. >> by every conceivable metric, he is on pace to re-election. that's before you get to the fact that democrats seem to be fractured when it comes to this primary process. i say again when you talk about the bull market, when you talk about the fact we have those tax cuts, if it's the economy stupid, six million americans have jobs didn't have jobs before he took office. i think that's what this will come down to. connell: we will get into the other side of it in a few minutes. part of that is the data today. mayor pete buttigieg causing a major upset in the 2020 race on the democratic side and more and more people saying that as they look at poll numbers and say there's a new one out today, he
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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. ♪ they've got a time-out. they don't use it. yes! the lumber jacks have done it! this has got to be the biggest win in program history. connell: one of the great announcements. wait until you hear what we do with this. major upset last night. if you didn't see it, stephen f. austin, of all schools, able to stun the top-ranked duke blue devils in college basketball. so could another upset be in the making in the world of politics? this might be a little bit of a stretch. wanted to show you that highlight. mayor pete buttigieg making
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strides in a new poll out from quinnipiac jumping past elizabeth warren and bernie sanders, second place behind joe biden is at 24% in this particular poll. a national poll. he's had a nice few weeks here. he's winning in iowa. he's very very close in new hampshire. now we are starting to see movement nationally. what do you make of this? this guy for real, mayor pete? >> i always thought he was for real. i love the way he talks about freedom. there's something in his message that actually appeals to conservatives and to liberals alike. connell: could he beat trump? >> i think trump is kryptonite, actually. connell: really? >> yeah, i do. i think they are a study in contrast. you have this young man who obviously with no business background but i think there's a charisma to him, he's an intellectual kind of a guy. i just think he's very different in very obvious ways. it would be a study in contrasts to see them on the debate stage. connell: it would be interesting. the president would hit him on
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being young and alfred e.neuman he calls him and other kind of stuff. but danielle says he could beat him. what do you say? >> look, when your best hope for president is a 37-year-old mayor of a town or city that's smaller than every congressional district in america, with no foreign policy experience and that's the person you are going to put up against a president leading the strongest economy america has ever seen, i think good luck. connell: you like that matchup. >> i think most republicans like that matchup. i think again, the reason you see somebody like mike bloomberg trying to hop in is because he recognizes what republicans have been saying forever. that you can laugh at us all you want but you guys are more fractured than ever before. connell: that's a guy who could give trump a pretty good run, but getting through the primary -- >> look, when you talk about the democratic -- connell: talking about bloomberg. >> i see it heading towards a brokered convention. you have somebody, i know it sounds cliche -- connell: because everybody has been hoping for it, almost. >> i think you look at the dynamics, you have someone like bernie who will have enough
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money to stay until the end, warren has enough money to stay until the end and that's before you get to the fact you have now a new frontrunner in buttigieg who can't find a single black person in america to vote for him. connell: that's his problem once he gets to south carolina. that is true. he doesn't have the support in the africa muchn-american commu. >> there are other candidates actually within that tier that also have very low support. looking at the quinnipiac poll from november 18th, you see cory booker, klobuchar, a lot of polling zero in the african-american community. connell: not biden. >> he's at 44%. he's head and shoulders above. as we saw when we had an obama/hillary clinton matchup, she was far and away the favorite among the african-american community and eventually voters transferred and drifted over to him. this can happen. one of the interesting things i think in the polling is a lot of undecided people. i think it's wide open. i still think it's wide open. connell: will bloomberg getting in make it even more so, taking
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votes from biden? >> yes, from the moderates. he has more name recognition than pubuttigieg. he's a moderate, fiscal conservative, has a long political history. you have a lot of things to attack him on. connell: he could win a few super tuesday states. >> and has lots of money. >> bloomberg has spent more money per week than his opponents raise per quarter. he just spent $36 million for a two-week spend. you have to focus on that. there's a fundamental difference between buttigieg and obama. black voters liked obama. they didn't trust that the rest of america would vote for him. that's the difference between somebody like pete, we don't necessarily say black america actually is enthralled with pete. that's why you see that in spite of all the trouble biden has had, black voters have not left him in the ways the mainstream media has. connell: got to get to break. i will end this discussion on this. danielle says buttigieg, mayor pete, may be trump's kryptonite. if you don't believe that, who
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is the toughest matchup, even if you think the president wins? who's the toughest matchup? >> i have maintained joe biden, amy klobuchar, that type of ticket would be kryptonite for the president which is why you see the president making that early play in iowa, trying to cut biden down before he has a chance to win the nomination. connell: we will come back and talk about more of this and also get into toys "r" us. good story, right? holiday week, reopening its first store since the bankruptcy and we are live at that store, after this break. we'll be right back. (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
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is november 30th. ( ♪ ) ( ♪ ) introducing the marilyn monroe collection of fine jewellery. exclusively at zales, the "diamonds are a girl's best friend" store.
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there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials to buildings... and planes. one idea can unlock a breadth of solutions. at 3m, we are solving problems that improve lives.
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one idea can unloc(shaq) a breadt(chime)lutiomagenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪ the epson ecotank. just fill and chill! available at... (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. connell: all right. one of the creators of elizabeth warren's tax plan now crunching some numbers on charitable donations coming from the
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wealthiest in america, and deirdre bolton, speaking of number crunchers, joins us with that story. deirdre: this is a glass half full, glass half empty, like so much in life. the glass half full, billionaires give a lot of money away to charity. they do a lot of good. glass half empty, billionaires give a smaller percentage of their salaries than the average american. so take jeff bezos, amazon's jeff bezos. pre-divorce last year, he was worth $160 billion. he donated $131 million so if you are doing the math, that accounts to .1% of his fortune. as a comparison point, the average american gives .33% of his or her wealth so significantly higher. senator elizabeth warren of course, part of her campaign is this idea of taxing billionaires, a 6% wealth tax so for amazon's ceo, that would have worked out to $9.6 billion for last year, so fairly significantly higher than the $131 million. facebook's ceo mark zuckerberg has argued that taxing
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billionaires will hurt charities. he says billionaires are likely to feel like okay, they have paid enough and will be less likely to give to private causes or invest in foundations, as he has. he went towards the point, i sort of read between the lines, different organizations can publish competing ideas about research or science, why that's important is because it's just different than what the government would do perhaps with the tax money. by the way, zuckerberg and his wife will donate 99% of their facebook shares to the chan/zuckerberg initiative and that basically uses tech to solve challenges such as eradicating certain diseases. they made that announcement about four years ago. the focus on billionaires, not going anywhere for the campaign. democratic presidential candidate michael bloomberg's net worth, $42 billion. he gave about 1.5% of his fortune away last year, $770 million. he is a vocal critic of warren's plan and in fact, saying at the
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beginning of this year it is unconstitutional. so this conversation is going nowhere. connell: no. if anything, it's going to pick up. interesting, when you look at the actual numbers. thank you. the new york stock exchange, meantime, proposing a big change to direct listings. something gerri willis is following from the floor of the new york stock exchange. gerri: that's right. so small investors may get a break at the new york stock exchange, where executives are asking permission from the securities and exchange commission to reduce regulatory hurdles in that direct listing business you just mentioned. the move would open up access to new and fast-growing companies, one small investors are locked out of when companies become public. they say it would make the market more democratic. new york stock exchange was the first indice to offer a direct listing with spotify last year. but now what the nyse wants is permission to allow companies that want to list directly without the assistance of investment bankers on the exchange to raise money.
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currently not allowed. they also want to cut size requirements. the move is being made as the ipo market stagnates. not only are many new ipo companies performing poorly, they are coming to market well past their headiest years of growth. highly anticipated ipo candidate uber, for example, which came to market in may, now trades well below its ipo price, as you can see. it was already ten years of age when it went public. now, if the direct listing option doesn't fare well, small investors could wait until institutional investors dump their shares. back to you. connell: thank you, gerri. one of the busiest travel days in years could be a nightmare for millions. the latest on some wild weather across the country is coming up for you. thanksgiving travel doesn't look like a scene from the 405 last night in california. not going anywhere. for a long while.
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connell: great staff here. it says in the teleprompter that cows are moo-ving to the 21st century. spelled like eight "os." you are going to find out more about this apparently later in the show. i'm just finding out about it now and i'm very concerned. we will find out why russian farms are making cows wear vr glasses. apparently that is one of them
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we are looking at now. for all we know, this could be a story somebody made up and ralph, our producer on the show, fell for it, hook, line and sinker. whatever. we are going to talk about it later on. all right. just in time for the busiest travel weekend of the year, we have a bomb cyclone. a bomb cyclone threatening the long holiday. weather bell's chief meteorologist joins us with more on this. actually forgot, joe, always good to see you, what is a bomb cyclone again? i covered one up in boston. it was crazy a few years ago. how does it actually work? how does it come together scientifically? >> well, this is sort of, it came into the west coast sort of as a bomb cyclone, but it's being defused a little. it's a storm where the pressure falls very very rapidly within a 12 to 24 hour period and let me just say something. every year at this time, i bring up november 1950. november 25 through 28, 1950, where a bomb cyclone unloaded
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110 mile an hour winds in the battery in new york, and if you ever go look at what happened in ohio state/michigan, 45 punts in that game with a game time temperature of 5, wind chill 20 below zero with that bomb cyclone. this is not as bad as that. yeah. i mean, it can be bad. it could be like thanksgiving at my house, which is the nutrition twins would never show up there, because it's bulk up or leave town. anyway, this storm, look, this is going to be a big ticket item, thanksgiving day in the rockies into the northern plains and it shifts eastward into the great lakes friday into friday night, then what happens sunday into monday is this will secondary, the first system will go up into -- in minnesota, iowa, it will die and a new storm will try to take over off the new jersey coast sunday night and monday, and that means it could snow all the way into new york city monday morning and much of southern new england,
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pennsylvania, new york. those travelers coming back will have that problem. connell, speaking of problems, all right, you will need to bulk up tomorrow if you are holding balloons. connell: i know. >> we are going to get wind gusts up near the threshold. connell: they won't fly them, will they? you don't think? >> well, i don't know. i just make the weather forecast. i think you will see sustained winds of 20 to 25 with some gusts near 40. the tricky thing is in the city, as you know, the roads run north-south or north-northeast/southwest so the win could come funneling down between buildings and actually accelerate the wind, especially at balloon level. so they are going to have quite a decision on their hands tomorrow. [ speaking simultaneously ] connell: -- the lamppost got knocked down, a poor woman was hit. >> '97. connell: before that, the '70s was the last time they didn't fly the balloons.
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>> '71. connell: 1971, the parade comes down central park west or down sixth avenue to herald square in new york. that would be a big deal. lot of families, people want to see it as you look at pictures of the balloons. tonight up in the park is the big deal, you go the day before and bring your kids and you can watch them blow the balloons up and get ready for the next day and the whole thing so it's a big deal. might actually have to ground them. we will hope that doesn't come to that. >> connell, that '71 storm dumped very heavy snow just inland, really fouled up thanksgiving. new york city was rain and a lot of wind. the '71 storm. but just so you bring up the bomb cyclones, they are nothing new. i'm 64, seen a lot of bomb cyclones go off. they are just getting different names now. connell: you always know. you are a weather encyclopedia. you could be weather jeopardy. good to see you. have a happy thanksgiving.
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>> bulk up or leave town. connell: words to live by. now grady trimble on whether the storms may be are impacting travel already for the holidays. grady is being driven around the roads in chicago monitoring things today. how are we looking now? reporter: such a cushy life for me getting driven around the city. last time you checked in with us, we were on the highway and things were moving smoothly, but now it's a little bit of a mess, if you look out the front windshield here, because we are at chicago o'hare airport and it's very busy here. across the country right now, there are more than 1900 delays and more than 100 flights that have been canceled. chicago right now at least is leading the pack, obviously it's a major hub, but it has 80 delays and three cancellations followed shortly behind by minneapolis with 59 delays. obviously lot of rough weather all across the midwest right now and that's contributing to it.
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denver had some issues as well and is still having some issues. you mentioned that bomb cyclone on the west coast. that's causing issues in san francisco. we have been driving around today on the highways talking to other travelers and those people actually tell us they are happy they're driving because at least their fate is in their own hands. they don't have to rely on the airlines like the folks out here at o'hare do. connell: grady, good stuff. grady trimble on the roads in chicago. now, enough of this depressing people with travel and storms and all the rest. how about a comeback story? toys "r" us is back. the iconic toy chain opening up its doors for the first time since its bankruptcy. jackie deangelis traveled to the store that is open in paramus, new jersey. hey, jackie. jackie: good afternoon, connell. a lot of excitement in new jersey. jeffrey the giraffe is back. this toy is a little different than the pre-bankruptcy stores. it's just under 6,000 square feet so it's not that massive 40,000 square foot space.
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there's a new strategy in place. true kids is the company that brought toys "r" us back. we spoke to the ceo earlier. here's what he told us. >> we have completely reimagined the shopping experience. these stores are smaller, they are very experiential, tech-enabled and every part of the store, you are going to be greeted by play pros who will have products in their hand, on hand demonstrations so you can really engage with toys and play. jackie: engage, you can. there are little pockets to me in this store. i'm in the lego space. anyonintendo is next door. you can actually pick up the legos and play with them, you can build things. there's a giant sized lego guy here. all the employees are excited about this comeback. we had a ribbon cutting earlier appe and one of the sons of the
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managers of the store did the honors and cut the ribbon. this is about brick and mortar, about coming back when so many are going out of business but it's a challenging time. you also have to remember what's happening online, with amazons of the world, with walmart. toys "r" us has a partnership with target. they are doing their online sales together so they say that's part of the strategy but still, you wonder if while jeffrey was sleeping, the other guys were eating his lunch and if they will continue to do that. we will see. a lot of excitement here today and certainly ahead of us, black friday shopping extravaganza, if you will. connell: we will see how they do. interesting. jeffrey looks good. well rested. jackie, thank you. as we continue here, that story is apparently real about the cows with the goggles. we will get to that. then we now know how the latest "star wars" script almost got sold on ebay. details on that and a confession coming up.
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connell: how about this. we have lessons on socialism and the battle over private property in america traced way, way back, according to our good buddy john stossel to the first ever thanksgiving. john has a column at foxbusiness.com making a case on all of that. there it is. thanksgiving, what the pilgrims knew about socialism and private property. i was reading it today before coming down. "making money" host charles payne was, i'm sure, as well. john always picks out something unique but goes back in history, the collective farms, i guess, maybe we learned something from the pilgrims. they apparently did. charles: of course. we learned a lot of lessons from the pilgrims and listen, i think the idea that america, the idea of america founded in part from fleeing, you know, closed societies, societies where there was no upward mobility, where there was a lack of freedom of religion and those sort of things, all sort of dovetail into the fact that that's what
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is part of really woven into the fabric of this country. you know, again, to your point, i think it's great john was able to pull these things out but it almost goes without saying that that's what america is founded on. connell: they start off, this is john talks about, which i did find interesting, he says all right, everybody, you are all for one and one for all and you will work together on the farm and we will all be in this, then they only realized once they gave everybody a piece and said there you are, tyou take that part and incentives kick in and people want to start making money and doing well for themselves and that's when everybody actually benefits more, when the individuals are highlighted. charles: well, when you unleash the individual ability and opportunity, it's got to be reward for opportunity and the idea of taking away the profit motive in our society, i just don't think we have all the drugs that we have, you know, as much as we complain about pharmaceutical companies and the medical industry, our life expectancy was 40 years old at the turn of the century.
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we have come a long way, in part, in every endeavor, everywhere you look, the profit motive is what's driven the good things that have happened to humanity and i don't know that many of those things would have happened without it. connell: it's 100% true. now, you have, i'm told, by the way, i have been told a lot of things filling in for neil today. ralph told me they got some cow with goggles on coming up. we'll see. anyway, he told me you have a big special next hour, looking back at your hometown which sounds like it would be cool. tell us what's coming up. charles: yeah. we will go take a look at my old hometown of harlem. my high school which was downtown and really, how the two helped shape me as a kid. desperation, poverty, extreme violence, the other the wealthiest neighborhood at the time in america and how i was able to kind of use both of them to encourage me and propel me so that i could be at this moment in time with you. connell: forget about that. but that's cool. it's kind of aspirational, inspirational, the whole thing.
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charles: we will see a glimpse of my mom. my recently departed mom is in it as well. i think everyone should watch it. it's a beautiful thing. the team did an amazing job putting it together. connell: that's great. next hour as part of "making money with charles payne." my friend charles payne. in a moment, could the next robocop be a robodog. that's coming up. the cow, too. we'll have the whole thing straight ahead. (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.
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>> if this mission fails, it was all for nothing. connell: so the script for that movie ends up on ebay and now we know how it ended up on ebay. the actor admits his script wound up online. a housekeeper at his place found it under his bed. sounds like there's a story there. we bring in digital trends editor in chief jeremy caplan. joseph and danielle are back as well. i guess a couple things. first of all, disney apparently gets it back. >> fortunately, disney wound up with the script. connell: we were just talking about this right before we started. it wasn't posted for like thousands of dollars on ebay. it was 80 bucks or something. >> the takeaway is i clearly need to set up an ebay alert so whenever this kind of stuff happens, somebody tells me right away so i can go buy this. the amount of money i would have listed that for, oh, my god. connell: you would think it would be worth, because people are obsessed with "star wars." >> hundreds of thousands of dollars, i would think. connell: maybe. at least more than 80 bucks. this guy is apparently having,
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you know, people over his apartment, i guess the story is he was going to move or something, that's what i read, and he had his friend over, stuck the script under the bed. next thing you know, the housekeeper's got the script. >> clearly they need to hire hillary clinton's security servi service. as the saying goes, what's that movie, "inception" must not be afraid to dream a little bigger. $85 for a multi-billion dollar franchise, i don't know. connell: you got it. exactly. we talked about this famously or infamously. neil and i are the only two people who don't like "star wars." other people would have paid a ton. are you a big -- >> yeah. huge. oh, my gosh. >> how could you not be? connell: i don't know. it's a character flaw, i guess. so you are lining up in the costumes outside theaters when they come out every time? >> i won't go so far as to line up in costume, but i do love the franchise. i'm so excited we see more
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female heroes as time unfolded which is great for me and my little girls to have a role model there. honestly, if that's your greatest character flaw -- connell: i don't know about that. >> -- you're on okay. connell: we don't exactly have enough time to get into all of it. we want to talk about robot dogs if everybody is game for that. could a robotic dog become the new hero dog? in massachusetts the state police are testing out a robotic dog to join the ranks. we hear a lot about hero dogs, the baghdadi raid celebrated the last few days, now, you could see uses for something like this. doesn't have to be called a dog but a robot. >> i think just from a practical standpoint, if we can actually save a few of man's best friends from having to be in harm's way and more importantly, save our soldiers, our police officers have having to expose themselves to unnecessary danger, i think that's a good thing. i think there might be some concerns about skynet but that's a different conversation for a different day.
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connell: if these dogs, the real dogs, it has been highlighted, they do heroic work, they really do, but joseph is right. in fact, in that raid, the dog was the only one got hurt, right? so the idea of using technology for means like this, to be serious, probably makes sense. >> i think what they are thinking about, currently when there's a situation and they can't send in humans, they send in drones, just the flying camera. this is a far more versatile version of that. it can open doors, it can walk around corners, it's got a camera, it can peer around. maybe, maybe if it's really hot and they need to pull somebody out of a fire or something like that, maybe the dog can actually do that. if it can, that's amazing. connell: you could do that. >> absolutely. the thing is, it's just terrifying. >> yes. yes. >> terrifying. >> when you make machines or animals more like humans, but this is making a human more like a machine. the fact that looks like a dog, a real dog, makes it kind of creepy. connell: leaving exam world.
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>> going back to it after this segment. one thing i thought was interesting from a legal perspective is of course if we get these dogs to be the dogs of police officers, there's a question about qualified immunity and the extent to which a police officer has to be, if they do something wrong, are they judged on a reasonable standard. would a police officer, for example, say i went into a house without a search warrant, did they reasonably know they were violating fourth amendment. how do you ask a dog or robot that looks like a dog, i guess ultimately -- >> i think we are talking artificial intelligence here. connell: you're right. that does raise some legal questions. >> yeah. connell: about how that works. >> same thing we are talking about with autonomous cars, though, right? when there's an accident, is the car responsible, is the programmer of the car responsible? how do you assign blame when there's a robot at the wheel? >> i really want to assign blame. you should know that about me. connell: yeah. that's the lawyer in you. absolutely. all right. i guess we have all been waiting
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for this story. i thought somebody made it up. whether it was udderly ridiculous. boy, that was unfortunate. russian farms now giving dairy cows virtual reality glasses. it wasn't in the onion. apparently it's meant to keep cows calm while they produce more milk. you can't be opposed to this. keep these cows calm. >> calm cows are good. milk is always a good thing. look, i think again, to your earlier point, we are really talking about how can we leverage technology to make the world a better place. whether that means calm cows but to your point, we have to talk about legal implications and moral implications and the possible annihilation of the human race. >> not today, joe. not today, all right? >> after thanksgiving. connell: thank you. joe boy. how do you follow that?
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>> i can't follow the annihilation of the human race. the thing that gets me about this, i like the concept. a calm cow gives better milk, sure, calm the cow down. how do you measure the wellbeing of a cow? connell: you are asking the wrong crowd here. i don't know. he's a cow. >> eat more chicken. connell: danielle is trying to avoid this. i will give you the last word. >> thank you. it's only the lady cows presumably because it's milking. connell: that is a very important point. good point. >> you know what, we could -- connell: we're out of time. want to get on to the usmca deal. how will we transition to that? canada's deputy prime minister headed to washington for talks. we'll be right back. i'm your 70lb st. bernard puppy, 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,
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connell: stocks are at highs. we might get a record high. the dow at high of the session.
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hovering there a few minutes. join us after thanksgiving, black friday special. markets close at one p.m. see you on "after the bell" with medical less is a at 4:00 p.m. that does it for us. i'm connell mcshane in for neil. thanks very much. charles: i'm charles payne. this is "making money." to connell's point. this is a great thanksgiving. not even upon us but feels a lot like christmas. thanks to economic reports that the party will last into 2020. we'll dig into the numbers to tell you what it means for holiday season and the wallet. despite what you're hearing america is winning the trade war. i will go in depth with three words we're using to cut through semantics to focus on truth. relocating with the cool one million dollar nest egg. sounds like a no-brainer, right? it runs out pretty fast if you pick the wrong location. we have the best bang for the golden years and a whole

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