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tv   Bulls Bears  FOX Business  November 27, 2019 5:00pm-6:00pm EST

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halls, i did it because thanksgiving is later this yearism w. connell: we have lights, they somehow appeared they are not turned on. melissa: you done -- didn't hang them? connell: they of up there. david: on "bulls and bears," major trade talks underway right now between u.s., mexico and canada. that is on the usmca agreement. will congress give in and vote. as wall street dodges another record week, dow hitting 100 all-time high under president trump. strong winds put thanksgiving plans for many in jeopardy, weather threatens travel, it could ground the balloons for macy's thanksgiving day parade, that has not happened since 1971. we have this and more, but first -- top story. a new 2020 poll reveals moderate democrat joe biden and pete buttigieg rising in the ranks while elizabeth warren takes a
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nose dive as support for medicare for all and wealth tax plummets, could warren and sanders far left progressive policies be losing steam with voters? good evening, i am david asman, happy holidays, joining me on the panel, caroll, christine. and gary kaltbaum and steve forbes, the latest "quinnipiac poll" showing support for med medicare for all could be slipping, 52% of voters say this is a bad idea, and showing mayor pete surging to second place ahead of warren and sanders, elizabeth warren's numbers have been slashed in half from last month, when she was in lead with 28%, amid a new report from politico, former president president obama said he -- private he said hig he would spk
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up to stop bernie sanders from becoming the democratic no nominee. >> they are not ready, they don't want it, but they get part of it if democrat get in so-called moderates are moderate socialists, with a government creep rather than a government leap. but it will be more government control more taxes, more regulations of the economy. by the way, i'm not surprised that president obama had that leaked about his private feelings about bernie. he wants to pave the way for brokered convention where the nominee will be michelle. >> oh, no. steve is in on the conspiracy theories. >> note a conspiracy -- not a conspiracy, stranger things have happened. >> we live in strange times. what this real is a referendum on how bad the socialist ideas
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are. i am happy as we have been talking and putting numbers around these ideas that people have come to their sinces, going okay this does not make sense. so the democrats are restrag rising -- restrategstrategizing. >> this could be a wonderful opportunity for bloomberg, he with appeal to the cross over republicans, those who hear more fed up with left leaning democrats, i think that polls are unreliable at-this-point, where bloomberg he has the money to back him up, but i think he has the major support of the business community, something we've not seen. perhaps at-this-point you have some of those moderate democrats and i know steve you talked about whoever you nominate in will have socialism values. but the moderate democrats that might say bring in the
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billionaire, maybe he is change the way things are. however most people don't read into policies that is the biggest issue, people go off first impressions and catch phrase and what trippeds on -- trend on-line. >> what vaulted warren and sanders in the beginning is the fact they put ideas on the table, they have come under attack, but what are bloomberg's themes other than i am a winner, i ran new york well. that is not a compelling campaign. i thought with bloomberg he should have run as an independent, then strong alternative to trump people. and of what person that democrat nominate. whoever the democrat nominate, a lot of that platform will be far left those are the activists of the party, they will determine
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the convention. >> bottom line, their idea was fantasyland, they never add it up, try to tell you that billionaires and success are corrupt. and your lot in life is where it is because they are screwing you. i ask, the question, wait, you don't want bill i don't know biu want money from billionaires, when you get all their money, where are you getting the money from. bernie will give you back more in return, almost laughable to see two people that have never created a job. never created a dime of wealth, wants to run every bit of the economy while ripping on all of the people that have done right by the economy by creating all the wealth and creating all jobs, and when i want to compare these people to the bill gates of the world, have you one that is filet mignon, and other two are spam. david: the fact is elizabeth
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warren came out with that 52 trillion dollar plan for medicare for all, that unites with what we are seeing in polls, caroll you are right, americans did the math, we vul to to get rid of defense department and social security. >> even more than the alleged cost, is you will lose your health care plan, remember barack obama said you can deep your doctor, keep your -- keep your doctor and keep your insurance plan, we saw where that went. and deductionibles went sky-high, people realize they will rip away with what they have with bernie sanders care no one. >> add one thing, do you realize that elizabeth warren of the asked about it, she said, yes, two million jobs will be lost udon't worry we'll transition, your insurance you will do auto insurance and life and health
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insurance. >> the bigger issue. if you think about where elizabeth warren and bernie sanders have been. they have been in congress for real long time. if i'm someone trump or whoever is is running against them, the question, if you had all these great ideas and you thought these conditions were a problem, what have you been doing all of the time in congress? the fact that this judg just now realizing this is a idea is foul. >> gary, before you said they have not created a job, not that i'm trying to defend them, but how often to politicians come in with that business background. aside right now from president. i think that maybe this could be a moment for bloomberg to step up and much like you mentioned too with elizabeth warren, and talking about loss of jobs, that starting to weigh on people. they are hopeful to listen to the types of policies and understand that, you know, you can't have these grandios themes
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without a cost toward them. and unfortunately that goes back to main point i made, we're not -- people don't do due dill jepts idiligencein terms of res. >> but they do when you debate. >> bloomberg is not in the debate. >> you get a debate they go gown idown in flames. >> imagine -- >> gary. >> imagine the debate between trump and warren, warren said, you will lose 2 million jobs, and president trump said in my first 3 years we gained 7 million, that will resonate well. i think that donald trump is like please, elizabeth warren bring it on. and bloomberg, if he comes in, and is moderate and pro growth, my line. i think you will hear a lot of
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big gulps, they can't drink big sodas. >> you know he will do more than that, someone like you, you would consider him. >> he will give us a sida tax. >> you are doing cheap shot. >> no, sodas will be more expensive. david: soda, steve forbeing fors drinks, if bloomberg proposed tax cuts i will be impressed, but i am not holding my breath. david: one thing that is doing poorly the idea of a wealth tax, a great bonus on this subject, it looks like it will bury that idea. >> people realize, wealth means when you have, your house, imlg yoanything you have and irs can look at everything that you purchased. >> caroll. >> at ipt of th end of the day,g the teul wealth is an infinite
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opportunity, people want to hear how they can create more wealth. >> put it on a bumper sticker. david: record travel numbers are expected -- for this thanksgiving, we're on the road, and a live report from the fox weather center, there is weather coming through the midwest, tote northeast -- to the northeast, details coming right up. 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, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me.
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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.
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we're gonna need a bigger room. david: fox business alert more than 49 million people are expected to travel tomorrow for thanksgiving, our chief meteorologist is standing by in weather center, but first to grady trimble on the road in chicago, i guess it will be windy? reporter: it has been very
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windy, gusts to 60 miles per hour, some drivers said they felt is, one lady saw a semi truck toppled over because of the wind. right now in new york city and hire here according to triple a, this is worse time to be on road for holiday travel. we talked with drivers who notice that traffic today. it has been bumper-to-bumper traffic. if i didn't have a job, i would have left yesterday. reporter: so, one reason that everyone is out on road gas prices are so low, national average 2.59, i want to bring up air travel, millions of people will be flying this week. o'hare is leading the pack with delays and cancellations. check 78 delays out of o'hare, then, in new york, jfk and
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laguardia combined 93 delays, across the nation, 3400 delays for people trying to catch a flight today. david: thank you so much grady, heavy winds in chicago creating hazardous conditions. they could ground the macy's day balloons. reporter: we guarding balloons, if there is no wind they can let them go up high, if it is stronger they can tether them lower. now matter, i think they will fly lower, a good chance we'll get them off, winds gusts to 25 miles an hour or so. a new airport delay, in boston. overall, we have not had that many airport delays today, we have two storms one across parts of the great lakes, and new across the west, this delay,
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over 60 minutes right now in logan newark. and delays these winds over 50 miles an hour, calming down just a little bit, they are wind gusts. might see a few possible over 60 mile an hour range. that is the first storm that we have. a swath of snow. in wisconsin. tomorrow in southern arizona, heavy rainfall, concern about flooding there we always need moisture there. then we'll watch significant snow across the mountains of the west and a little bit here.
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that will be some snow way on the north, rain across iowa, to missouri, david, winter storm warnings across the west. however thanksgiving travel not that great, friday a big mess, most part remainder of today looking good. david: you know what stands up in those winds, my weather man umbrella. >> it will. david: i have one thank you very much. >> thank you. david: markets hit a record close, u.s. economy continues to grow. but can we keep the momentum going throughout next year? we'll debate that coming up next. it's tough to quit smoking cold turkey.
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david: stocks hitting record highs again, president trump touting records u.s. commerce department revives third quarter gdp up. can markets ride this wave to new year? >> i think so. october third, jpowell decided to add liquidity more than bernanke did with 9% unemployment and financial meltdown, you add that to a lot of cash on sideline, and seasonality of november and december, i think we're going higher. i hate using the term melt up, but it will continue to end of the year notwithstanding pullback. next year i am sure there will be a lot of wild cards you have president trump, have you impeachment other stuff, but right now we're in good stead. >> to follow that, if you look
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at short-term, positive, fed came in, i would say a lot market up tech has to do with the fed across the globe, 10 years of expansion and quantitative easing is propping up the market, but i think we need to talk more medium and long-term, gary, you usually do, talk about debt level those are concerning time, a lot of factor with trade warrant issuing and slowdown across globe. but we did see strong numbers out of germany. what concerns me in america the ceo since sentiment that survey that came out, still a 10 year low. not affecting consumers. this weekend we're entering biggest shopping day weekend of the year. deloitte expecting sales to increase 4 to 5%, over 720 billion that is a huge uptick.
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>> that is what i want toic us on 70s% of the economy is the consumer, we heard it will a record travel weekend for thanksgiving. i was in the stores last weekend, the lines were wrapped around, it wasn't even the holidays yet, consumers are doing well, they have a lot of money in their pocket, they love the holidays. we probably went get full report until 2020, i think we could see an uptick in january and february based on holiday season strength. >> the key thing markets anticipate we get an agreement with china. and not a precipitated trade war with europe. and usmca, 31 members of congress, in district carry by donald trump. they have to go back with something more than impeachment. , a failed impeachment attempt.
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david: we'll talk about usmca coming up, caroll, you said people are flush with cash, most people buying 75% are buying on credit, they can't save up enough during the year not to buy on credit, there are -- it is true that consumers are very powerful first in the economy, so are producers. have producers been slowed a little bit by tariffs? >> no doubt. i think that if we get to a point where there is at least promise of noessca laying in the -- esca escaation in tariff war. they will feel a little bit more certainty and willing to make more investment, but i think with those customers, consumer using credit, this is at american way. consumer like to do, that they are not in trouble with their credit cards or mortgages yet, they will max them out.
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>> gary, a question for you, you heard care talk about it if it days status quo, what happens in the tariffs ar are permanent. but maybe if we made status question to, would that rec tie the situation -- rectify the situation. david: quick. >> if you notice, they have not added more tariffs over last bunch of months, a lot of threats, i'm not worry about that, status quo is fine. use word yet on debt and deficit, there will be a day of reckoning, i don't think it is here right now or in near future, but event let's look out. david: good times are here. and the ki fed is not tightening like last december. >> top trade officials meeting on usmca, could we see a deal bev year's end -- before year's end, the latest coming next. >> we're replacing the nafta cat
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they are meeting right now? reporter: right now. moments ago, from canada arrived. mexico's trade team has been negotiating this evening, but also this morning. from when she heard she described it as encouraging, we talked with man leading mexico's trade time, under secretary jesus tejada, saying they will not agree to enforcement standard for labor beyond original nafta. i asked tejada if he thinks that democrats are going to far with their request, his tone of -- was optimistic. >> what is now the considered a
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solution is not going too far, it is going in the right direction, it will be -- when we come to an agreement it certainly will be a huge improvement on the original signed agreement. i cannot say anything wrong about that. reporter: under secretary says they are moving toward a resolution but there are 8 working days left congress has bev they leave for christmas break. that is a tight time line. house democratic aide told fox business, if it does get approved today to put it on the floor next week they would have to move quickly. >> i would say so. political dilemma for speaker pelosi that the usmca package would give the market and
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economy a another growth spurt. where mexico and canada practically begging u.s. to pass, will nancy pelosi be forced to put it up for a vote. >> i think, if she were smart she would, it would be a victory for trump but they could claim victory. it would be smart from her stand point, as a former deal maker, i get concerned when you retrade. you want something other side wants concessions that adds layers and layers of times, if shshy was smart -- if she was smart, se she would pass as is. but no guarantee they are smart. >> with 30 members of congress in marginal district next year, pelosi wants to remain and
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speaker, she have to show something as caroll said they go the something real done. and i think they will do it i think she would like to get it out of way if she could before the holidays, so people can recover from holidays in activist side of democrat party, and have something new in the new year, not new but impeachment but they have something done. >> just to that point, she may call it a win on her side, she puts -- pushed for labor enforcement that was the sticking point, that seems to be still issue that mexico is the fen aboutfence about, they woulo come in to check factories and increase minimum wage to 16 an hour, you will have a lot of midwest farmers that will benefit, factory workers as well. because 40% of the content of vehicles will have to be made in united states, that will be a nice uptick in the coming months for factory works here in u.s.
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>> i know that president said nafta was a catastrophe, it was not, this is an improvement, there are a few things in there, but let's be clear, nothing happen the by accident in washington d.c., we're hearing a bunch of company -- kumbaya on this, i think this is a 99% chance before the christmas break that it gets signed. because, they need a win, both sides at-this-point. ask this way pelosi, if the economy keeping goes, pelosi said we did this also. david: true, but. sat same time it will be -- something that was negotiate by the trump time, trump ustr, it something that trump ca claim credit. >> absolutely. but, the fact is that lighthizer, trade negotiator is smart, he brought union in and democratic leaders from the beginning. i think that has worked that is
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why pelosi will let it come to a vote, they may throw her a couple of bones to have a face safer. but at the end of the day, president trump will claim, and pelosi will claim and voters will decide. david: markets will respond. >> do you rail thin really thint that much of a react in negative with president threatened to pull out of nafta. >> i think market has discounted some of rhetoric from the president's mouth. i think they are waiting to see the thing sealed, signed and delivered. >> i don't think -- >> china! china is what matters. >> right. >> i can promise you that, sthat big matzo ball mas -- that is to ball, this matters. you have two biggest economies if they can get back together, you talk about 35 dwroin trillif economy.
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david: true, but steve the fact that trade with canada and mexico actually amounts to more than trade between u.s. and china. >> absolutely, if you did not have usmcas, you would see market go down. as they feel a china deal will come through. david: gary? >> i think we're doing tons of trade already with mexico and canada, not like things have stopped, justing a few things. i think the market it is china at-this-point. >> it is true, but there actually caps down side but there is additional upside if we get it done, i think not getting it done does not bring us down. but getting it done should add a little bit of a boost. david: caroll, you are the buttoner, good ending for that,. >> president trump sounding off on his prescription drug plan, will it be lower prices for you at the drug store? we'll ask dr. siegel, coming
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>> we're working closer with your governor to bring prices down further here in florida. i say go to canada buy them it will change, watch. david: president trump touting his dang'administration's rule r prescription drug costs, his plan will allow states to import drugs from canada, pushing prices down, how would that work? >> it would work, people do it with on-line pharmacies from
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canada, this would allow people to buy across state lines, they would end up paying price you pay for canadian drugs, they are a lot cheaper, there is more generic, the bottom line to bring out. everyone here is probably going to disagree. i'm not against this. you know why. >> i'm canadian probably not. >> you may be on my side. the biggest rub on this whole idea we can't maintain quality. but with canada we come i really believe that fda can ensure us that drugs we get from canada are same quality, and it is a global market place, drugs are not only made here, that argsome out of date, they are made all over the world. we're having trouble maintaining quality, canada is just across the border. >> it seems that pharmaceutical companies often tout they make it here. how come they are not transparent with the
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rnd technology, we know it justifies to change that much. >> you are right, i think they have to be, the thrust right now is san francisco paren -- transparency, what do drugs cost, and what do manufacturers paying for for these things. who is on the back of? americans are paying for this. i think we need transparency in manufacturing costs. >> do they have that much lobbying power. >> of course, huge lobbies. david: gary? >> i'm watching this stock market right now, biotech stocks are flying, big drug companies stocks are breaking out to new highs, yet this is going on, to me that does not make sense this drug prices will come down, for all these companies, they will en up losing a lot of money, how do you connect the two, does not
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make sense? >> a that willing question -- challenging question, i will say two things, one. we have a lot more choice as physicians, we have older drugs we're discards that are cheaper we could be using. older insulins for example, i like idea of focus on biosimilars and generics, those are cheaper, they will drive prices down, at the same time, this is what you hinted at. we have new treatment coming out that personalized that are expensive and that are incredible technology, biotech. and that going to be expensive, we have figure out a way to afford that, no doubt. >> terms of importing from canada, what will happen, david, a lot of canada will buy a lot, sell back to u.s., canadians said they will not equipped to do that.
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in terms of quality, because it comes now from all over the world, why make it more dicey, does canada know everything that comes in from overseas to u.s. in no they don't. fda will tell you that and in terms of the developing a drug, can be up to over 2 billion. the way we do regulations here, it should be a trade issue that foreigner pay their share of those rnd costs, they don't they have -- >> they piggyback on us. >> they don't soprano, they say sell it to us at this price or we'll steal it from you, in terms of having government involved europe, once a great font of new pharmaceutical now a has been in terms of new no newo after the pharmaceutical benefit managers that is where 45 percent of drug prices are, but, idea that we'll funnel threw canada and get nirvana in terms
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of drug prices good luck. >> for first time, i don't totally agree with steve, i would say it a global market place, wit fda involved we may e able to ensure quality, i don't care about canada government saying they're under pressure. this is more choices for americans, whether transparency, generics or biosimilar. >> and i will pivot a little bit, fda issues warnings about cbd, which is derived from cannabis plant, it infused in so many plants, evens woman who does my hair she has cbd face cream, and you can get it with dog food, and dog bones it is everywhere. >> fda says they never were in the game. cbd never said what a proper
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dose. what is it used for, and proven for. we know it is a good pain treatment, we know creams work, some people say, but how much is safe? it could cause dry mouth and affect the liver and fertility and fa fatigue, it has add at t- additives. >> dr. great thank you so much. >> before we head to break, what is coming on even think edit, liz. >> i love the panel. as we reported a month ago, it is now happening new polls show elizabeth warren in freefall. losing half her national support. in one month's time after releasing her plan to fund her government takeover of health care, that would take away insurance from everyone. including democrat labor base.
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put everyone in the same government dmvline. can senator warren make her way back? and mexico now wanting a meeting with president trump after president said yes he plans to designate mexican drug cartels as terror organizations. >> great stuff thank you. >> season of giving, our next guest is embracing that idea with open arms, pastor mike servalo joining us, to tell us how compassion coalition is helping people this thanksgiving, the reverend withs with us next. an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. (groans) hmph... (food grunting menacingly)
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david: thanksgiving marking the beginning for the season. the compassion coalition and bargain grocery, a nonprofit that has been working for 20 years to maked if accessible -- food accessible for those less fortunate. they give away thousands of meals, joining us on panel, founder pastor mike servalo, great to see you here. this has an entrepreneurial business model. >> yes. when i started it 20 years ago, we stepped into this arena, there was a trope -- tremendous need in our city and region for food and personal hygiene items, a very generous local businessman donated a warehouse to us, we approached walmart
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distribution centers, who began to donate product to us, it just happened, we were giving away trailer after trailer of product every week, but there a cost, staff it, pay for building and transportation costs. i went to numerous meetings, began to apply for the -- money not for profits were applying for, the pie was getting sliced smaller and smaller. and i thought, i can't do this every year, we're too busy dos the work, i got add idea to start salve anglo cost grocery store in back part of our warehouse, we opened a 1200 square foot space. a low-cost food store. so primarily we want to make food available on those who are
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on ebt. and food stamps, we contacted our social serious commissioner. will ask them to send those folks, and make just enough profit to stan the -- sustain the operation it has worked for 20 years. we give away 20 million a year in products with no outside funds needed. >> steve forbes here, pastor mike. he said amazing things about americans, when they see a problem, they go and find a way so to solve it. i want to ask you, how is government treating you? you doing things in a little unuse yalusual way, are they leg you alone? >> i have got to say, i had
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nothing but a wonderful relationship with the government folks in utica our county, the state. governor's office. the folks that i have encountered new york state government are most dedicated servant-hearted people, i am humbled by the help. >> this is caroll. what a blessing you are doing, there are people like myself who watch this, wondering how they could help either you directly or there was way, if someone wants to get involved to help these less fortunate. >> i think that the problems of hunger can be addressed very economically, we could do it for a low cost, there is a lot of money wasted. one key -- one thing we need to use help more national donors, wok of our biggest supporters has been walmart.
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and right now, that relationship is might be jeopardized by some e-- -- from betonville, but the key, it is -- >> i'm sorry, we have to go, we're up against a hard break, as we say here, we wish you the very best, very happy thanksgiving. >> thank you. david: you are doing remark able work, you are a model to all nonprofits. >> thank you for having me. david: of course, prices for turkeys hitting a record low, but many may try a new alternative tomorrow, what could that be? we'll tell you next.
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elizabeth: canada trade
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minister, talking in washington right now let's listen [speaking in french] elizabeth: we'll go back to our scheduled program, because she is talking french right now. more americans are considering ditching meat this thanksgiving. according tonneau research -- to the new let's search by meatless farm company, i know you are not eating turkey. no, i don't eat meat, beyond meat, says they are not coming out with a turkey alternative. >> invite me. >> i am king of turkey leg. the one as big as high head, a few dipped in big cranberry sauce. >> i hate turkey, i wish they were serving burgers, i got in trouble 1 for bringing my own food, go i heavy on appetizer. >> thanksgiving without turkey does not meat my approval.
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elizabeth: i am eating a lot of turkey. david: that does it for "bulls and bears," see you next time. elizabeth: okay we have a new poll from nonpartisan quinnipiac act shows support for impeachment dropping, declaring televised impeachment hearings have not had much of an effect on president trump's approval rating or how voters feel about impeachment, will democrat pull a plan b . move to censor this as we have been reporting for about a year, democrat 3 year long push, to get rid of trump was an effort to drive down his approval ratings for 2020. not working. >> trump approval rating strong. we have that and more on the buzzsaw, that impeachment now faces, in senate if it goes to trial there 2020 democrat

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