[closing bell rings] we want to keep our clients calmed and invested in the turbulent markets. liz: great advice from all of you. our flow show finalists here. markets sell off two days in a row. but off the lows of the session. melissa: it is not just china. another trade battle contributing to wall street's decline today. all three major averages ending the day in the red for the third day in a row after president trump says a deal with china may not happen until after the 2020 race. a tense meeting with his french counterpart. i don't if it was tense. connell: a little awkward. melissa: they kind of looked like they were both enjoying it. connell: really interesting to watch. >> straight talk. the dow down 278 points, off session lows. we had down about 458 points earlier in the section. i'm melissa francis. connell: i'm connell mcshane. by that measure pretty good close all things considered. welcome to "after the bell." s&p and nasdaq ending firmly in negative territory.

off the lows. more down than 1% earlier. they closed down half a percent. overseas president trump just leaving a reception with nato leaders in london moments ago. making his way to winfield house which i believe where he is staying. we'll bring you update from the president throughout the hour. any minute, u.s. trade rep robert lighthizer set to meet with the mexican undersecretary of foreign affairs. that is in washington, discussing the new north american trade deal. can they strike a deal? we'll discuss headlines that could impact wall street tomorrow. melissa: blake burman at london. gerri willis on floor of new york stock exchange. he had word lawrence outside at u.s. trade representative ses office. let's kick it off with blake. reporter: before the sun rose over corner of wall and broad president trump here in market its generating, it is main headline, rather of the day. it turned out the president ended up giving out three mini

type press conferences i guess you could say. in it at one point, the very first one, the president suggested that a trade deal with china might have to wait at least a full year. melissa: china trade deal is dependent on one thing, do i want to make it. so we don't really have a deadline? >> i have no deadline, no. in some ways i think it is better to wait until after the election, you want to know the truth. i think in some ways to wait until after the election with china. reporter: in the more intermediate term, sources tell fox business if there is not a phase one trade deal with china by december 15th, about 12 days from now. at that point the next batch of tariffs slated to go forward will indeed go forward. in other trade news, today, the president also met here in london with the french president emmanuel macron. that meeting coming just hours after the u.s. trade

representative's office would respond to france's digital services tax with $2.4 billion in tariffs. sitting directly next to macron today the president said he is not afraid to extend a dollar for dollar punishment for france. >> as the president knows we taxed wine. we have other taxes scheduled but we'd rather not do that. but that is the way it would work. it will either work out or we'll work out some mutually beneficial tax and the took will be substantial and, i'm not sure it will come to that but might. it might. reporter: now as the president attends these meetings here in london the democratic led house intelligence committee back in washington has released its 300 page report which lays out its road map for potential articles of impeachment t essentially says that the president committed acts of bribery along with obstruction of justice during that impeachment inquiry. the white house press secretary

stephanie grisham has responded here this evening in london saying in a statement, in part, quote, that the report reads like the ramblings of a basement blogger. melissa, connell, back to you. melissa: i remember news before president trump t was very different. blake, thank you. here is james freeman from the "wall street journal" he is also a fox news contributor. james -- >> i'm not a basement blogger by the way. melissa: i mean on trade in general i guess, you watch all this, what is going on? >> yeah, we kind of thought maybe the trade fights were wrapping up. we were headed towards resolution. melissa: no. >> this french move is particularly disturbing. the french taxing our companies. they're targeting silicon valley. they're targeting those big american tech companies. i think -- melissa: what is the deal with that? why would they do that? >> this is an easy way for them to get revenue. i think instead what they ought to be asking themselves and what president trump ought to be pointing out, there is a reason apple, google, facebook, all

these great companies were created in the united states. there is a reason they don't get created in france. there is a reason there are no great venture-capital firms in france. they're in london or they're in silicon valley, they're in other places in the world. instead of punishing ourselves on a new tax on french imports i think the president might want to draw the contrast show why we have the better model. melissa: no, no. this is like the name-calling. you know, it is like when people try to come out and try to donald trump, trump, it works out terribly. you will tariff us, tariff man? i will tariff you back. never fight with you on the level he has chosen. totally different direction. >> he can do fun trolling. he can call them losers because they have no great tech companies. he can ask them how many digital firms they created since charlemagne. not many, right? melissa: those are all good suggestions but when somebody

takes the fight to him. but when you take the fight to him in his language, it ends really poorly for you. you picked up the weapon for his choice. it is not a great call. what you do think happens with china real quick before we go? he says i don't care until after the election which makes most of us want to jump of off a cliff. what do you think? >> he has 12 days before "the art of the deal" before the new tariffs. i really don't know. i think if he wants to play this out long term with china i think he made a good case they are a unique, special problem in terms of stealing our inventions. he really out to be making peace elsewhere. that is creates incentive for companies to move from china to other jurisdictions knowing they will get a better deal there. melissa: right. or focus on making a great deal with the uk with boris johnson help them brexit, whatever they need to do, something like that. james, you got it all figured out. >> thanks. connell: we turn now to another front in the trade war. undersecretary of mexican foreign affairs at the office of

the u.s. trade representative. as congress has until december 20th to ratify usmca. let's go to edward lawrence on the scene in washington with details on all of this. edward? reporter: connell, we're expecting a meeting happening anytime here between the mexicans and the night. i just saw u.s. trade representative robert lighthizer go in. he smiled but he is a good poker player. you can't read anything into that however canadian prime minister justin trudeau signaled or says he is confident that something good will come soon on usmca. president donald trump sitting next to him, urging house speaker nancy pelosi to ratify or put up a vote to ratify usmca. listen. >> we're working on the usmca. we're trying to get nancy pelosi to put it up for a vote. you know if it gets put up for a vote it passes but so far she hasn't decided to do that. it is sitting in congress now for six or seven months. it's a great deal for everybody. so hopefully they can get it

done and get it done fast. reporter: mexico's top trade negotiator expected here any minute now for a meeting. this meeting was not on the books. it was not scheduled. he hopped on a plane this morning in mexico, getting here this afternoon to have this meeting. we don't know exactly what it is going to be about or where the mexicans are but i have heard in changing the enforcement, the mexican delegation is a little bit of the hurdle in terms of signing off on usmca but the feeling all around is that the mexicans will eventually agree to the changes in the language on the enforcement that democrats wanted. there has been a flury of activity on usmca over the past five days, which is good news here. they're trying to fit it in before the end of the year. the house speaker being urged by not just republicans but also some democrats starting to grumble behind the scenes they would like to see a ratification vote set. back to you. connell: edward lawrence, live at the trade representative's office in washington. melissa: they better get that done.

big tech, taking a hit but off earlier lows on president trump's trade talk. let's go to gerri willis with more on that one. gerri? >> what a day here. we're ending down only 280 points on the dow, when it was down 457. after 11:00 a big rally in that index. s&p 500 down marginally. down half a percent. the nasdaq though on the longest losing streak since september. we'll talk about the big tech stocks that sold off earlier, particularly apple. really the poster boy for any conversation about trade. as you can see, down 1.8%. but most of these stocks rallying from their lows today. facebook and amazon as well. let's talk about facebook for just a second here. zuckerberg facing another vote whether they will split the chairman and ceo rolls. and netflix, a citi analyst initiating coverage on the stock. netflix needs to hike prices for future growth. he says that the current share price will not sustain

valuations. so an interesting story there. but i have to tell you, the big story from my vantage point today is the huge rally, after 11, and the recovery of this market. people down here saying they don't buy this idea that the president has put out that we're going to have to wait more than a year for a trade deal. back to you. melissa: gerri, thank you. connell: we have some new fallout to report on in the royal family. it has nothing at all to do with president trump's meeting today at buckingham palace. prince andrew's accuser is speaking out. a new witness has emerged. what we're now learning about the duke of york and his connection to jeffrey epstein. melissa: plus elon musk under pressure. the tesla ceo facing defamation in court over a controversial tweet. we're live at the l.a. courthouse with the latest on where things stand. connell: fighting for the home team. basketball's plan to cut minor league teams is facing new backlash across the nation. we'll talk to rick french, co-owner of a team called the

daytona tortugas out of daytona beach, his fight for the minor league team, on the negative impact it could have if it all goes away, later in the hour. ♪. ♪ ♪ ♪

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connell: another one bites the dust as senator kamala harris drops out of the 2020 presidential race that caught some people by surprise. hillary vaughn with what we know. reporter: senator harris suspended her campaign taking a final shot at billionaires, the newest one in the race, former new york city mayor michael bloomberg. >> my campaign for president simply does not have the financial resources to continue. the financial resources we need to continue. i'm not a billionaire. i can't fund my own campaign and as the campaign has gone on it has become harder and harder to raise the money we need to compete. reporter: harris struggled to gain traction in the polls and adjusted her winning strategy for 2020 by going all-in in the first voting state iowa. harris spent her thanksgiving in the state, campaigning just last week but she ran out of money, pushing her out of the race. michael bloomberg was in

mississippi. he was campaigning on one of the issues, harris a former prosecutor, made a cornerstone of her campaign, criminal justice reform the harris was one of the very first candidates to take on former vice president joe biden, challenging him on and off the debate stage over his positions on busing and minority rights. biden reacting to the news of harris dropping out saying she is a top tier candidate but he has mixed emotions about her leaving the race. connell. connell: hillary vaughn live from capitol hill for us. melissa: nato critics to the latest defender. president trump calling out emmanuel macron over his criticism of the alliance. take a listen to this one. >> i heard president macron said nato is brain-dead. i think that is very insulting to a lot of different forces. that is a very, very, very nasty statement to essentially 28, including them, 28 countries. you can't go around making statements like that about nato.

it is very disrespectful. nobody needs nato more than france. melissa: like saying they're obsolete or something. joining us, steve hilton, the host of "the next revolution" on the fox news channel. i thought that was particularly funny because the president started his term by, you know, really calling nato on the carpet. a lot of us thought properly about the idea that these are a bunch of people, it is outdated, what are they doing? nobody is paying into it. now he is the great defender. what are your thoughts? >> that is absolutely hilarious. i think the president was having a hell of a lot of fun with that remark right there. basically trolling president macron. why not? that is part of the trump plan. he is really both on the, style, if you like, the way he is having some fun there, but more importantly on the substance he is completely if the right. actually, the imbalance between what america was putting in and what all these other countries

was putting in was huge. it was president trump who put that on the table very aggressively, very directly, right from the word go. as a result the other countries have chipped in a huge amount more, not just a few billion but 130 billion extra dollars from other countries to defend the collective entity of nato. i think that is a great result. melissa: i love he was talking to justin trudeau of canada you're not quite up but it is better. what are you spending now? >> we're up 70%. so what is that number? he didn't want the percentage. he wanted the actual answer. what is to me about all of this, i watched conversations everyone accepts this is how president trump is. he will be very direct. he will do it in public instead of behind closed doors. number one, they seem to be used to it. number two, it seems more productive. they're having honest back and forth. do you think nato can emerge a better organization?

or does he just sort of rattle the cage for a while and then nothing happens? what do you think? >> i think, the big, the big picture here i think that this aspect of what how president trump sees the office of president is going to have a lasting impact. the idea of going back to a style of operating both domestically, internationally where everything is cooked up in advance of the summits, diplomatic language. all disagreements are hidden. i don't think that is conceivable now. he has changed the way politics and government are conducted. all for the better. it is much more each and transparent. melissa: do you think that really happens around the world? that is one of the biggest criticisms especially from the diplomatic establishment elite, these things don't happen when the world leaders come together. it is months and months of preparation on the lower levels between people from both sides where they go back and forth on terms and they criticize the president he basically shows up and wings it, whether it is north korea or it's nato, all of

these things, that you can't do diplomacy like that? do you think he, do you think this style works rand sticks over time? or, you know, does, will it not be successful in some cases like with north korea? >> i think in the end you have to judge all this by the results. i have been looking at that anonymous book called the warning, apparently this senior trump administration official, makes exactly same kind of points are made with written. quagmire in the middle east, trillions of dollars going through the proper process. domestically, if you look at economic impact of doing it the traditional way. that wasn't great for the heartland of america, manufacturing, so on. you have to judge this president by his ruts. i think right across the board, economically, diplomatically, foreign policy the results are pretty good. the american people like them. keep going. melissa: steve, thank you so

much for your time. appreciate it. >> good to see you. connell: we have stress at your doorstep just ahead. melissa: what? connell: we'll talk about porch pirates. they're on the prowl this time of year. your holiday packages are at risk. how you can protect your home delivers from theft later in the hour. riding in a winter controversy. peloton is under fire for a new holiday ad it has out. why the critics say the company pedals a negative message to its audience. that is coming up next. >> a year ago i didn't realize how much this would change me. thank you. ♪. liberty mutual customizes your car insurance,

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♪. connell: cycling into controversy just in time for the holidays. there is a new peloton ad putting the internet into a frenzy apparently. some people are calling it sexist. you can be judge as we play part of it. ♪ >> now. >> a peloton.

>> give it up for first-time rider. >> first ride but excited. let's do this. five days in a row. are you surprised? >> i am. 6:00 a.m., yay. rising with the sun. totally worthless. kristina partsinevelos picks up the story in the newsroom in new york. kristina. reporter: you're laughing. connell: i'm not saying anything. reporter: i will not put words in your mouth. connell: i will thank you for the report and maybe melissa. unlikely i will have anything to say about it. reporter: the world knows now connell has absolutely no opinion about the advertisement. what is not to love? over 2,000-dollar stationary bike for christmas. go figure. online critics are not loving it at all. the new peloton ad was released for the holiday season. people criticizing for many reasons. the first one it is sexist. the man seems to suggest that the woman should work out more. here is one comment from pull from online. i quote. the holiday peloton ad where the

skinny athletic model undergoes the transformation over the course after year a skinny athletic model who ride as stationary bike pulls at the heartstrings. there is another one, look i don't want to be the peloton ad guy, the news commercial, logging 116-pound woman's year long fitness journey to become a 112-pound woman, who said i didn't realize how much cothis change me. that is riddicklous. they argued she hadn't changed over the course of the commercial. i reached out for peloton. they have disabled comments on 30 second commercial. this there is edited version where they cut out the man. the company has woman under fire they feature expensive hopes in their come america al. that is aspirational right?

it has worth of 9 billion bucks and 500,000 users. many of them die-hard fans. it must be doing right, especially most of the media is covering the ad. we're talking about it. connell: look at you. kristina. thank you. kristina partsinevelos. >> would you give your wife a peloton for christmas? connell: i was waiting for your comment. melissa: what do you think of a workout exist for the wife for christmas? connell: let me ask you this, if someone asks for the gift, so say you asked your husband for the gift, and he got it for you is that still a bad thing? melissa: it is very hard for me to imagine asking for an exercise bike. connell: i didn't want to get involved in this at all. melissa: that is hypothetical. if i walked anyways surprised by that, i would pick it up and throw it at my husband. proving what kind of upper body strength i have, that i don't need the bike. connell: who need as workout now? melissa: who watched the ad, didn't realize a huge problem with it? obviously no woman. connell: a guy? like i said.

melissa: she is like almost in tears she has been transformed, she looks identical. and i don't, i just, yeah. connell: she likes it. melissa: really, really, bad idea. i think you would be better off giving your wife a vacuum cleaner. also a terrible gift. connell: i actually don't know -- melissa: peloton is lovely gift if somebody wants one for sure. a lot of people want them. i know people got them last year for christmas and are really happy but the way they frame it in this ad -- connell: not smart? melissa: not smart. not smart. connell: i agree with her. melissa: all right. heading to court over a tweet. tesla boss elon musk is expected to take the stand as his defamation trial kicks off today. we are breaking down his legal strategy, what this could mean for the future of his companies next. connell: being in the not smart category too. covering their bases, major league baseball's commissioner meeting with one outspoken 2020 candidate over the proposal to cut dozens of minor league baseball teams. we'll talk to the owner of one

of the teams on the chopping block. that is coming up. melissa: brace yourselves. the u.s. could soon be facing the biggest french fry shortage in 10 years! connell: what? melissa: my kids will be devastated. a new report, potato producer are looking overseas for help as excessively cold and wet weather damaged crops of key producers in the u.s. and canada. say it isn't -- connell: if you exercised. melissa: we wouldn't need the peloton. okay.

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melissa: a brutal crackdown overseas two weak after the protests erupted iran's government is admitting for the first time today secure forces shot and killed what it described as quote, rioters in multiple cities amid demonstrations over the country's massive hike in gas prices. amnesty international estimates at least 208 people have been killed since the protests began. wow. connell: let's get to elon musk in court today. he is battling a defamation lawsuit. the tesla ceo being sued by a guy named vernon unsworth. a british man who helped rescue 12 boys and soccer coach from a flooding cave in thailand last summer. robert gray who is live at the courthouse with details on all of this. robert? reporter: that's right. this stems from the very public back and forth in july of 2018. elon musk arriving a little bit

late this morning. his team of course was here during jury selection. he arrived in time for lunch to sit down to confer with those lawyers and other team members who came in. he is on the stand as we speak right now and he is testifying right now and he was asked if twitter conveys facts? this is key in the case. he says twitter conveys facts fiction, opinions much like a town hall meeting. trying to take this away from being a published, as in published media, take it more into a town hall setting. he is asked if he is one of the most influential people in the world? musk says he tries to raise awareness about climate change but people don't take him seriously. of course this is trying to undercut and undermine the plaintiff's charges that sending a tweet out to 22 million people who follow musk or did at that particular juncture in july of 18 would defame him. a judge already said in a preliminary ruling unsworth is not a public person. it will make it slightly easier,

the bar a little bit lower any way to prove defamation. unsworth helped lead rescue of 12 boys stuck, soccer team in a thai cave. they went through back and forth this morning, connell, did musk asking to send over a submarine to help rescue the boys. of course famously unsworth telling him he could stick his submarine somewhere else. we had the return tweet from musk which of course landed him here today, when he called mr. unsworth a pedo guy, sending that out to 22 million people. later on there was an apology but no retraction. we've already heard a little bit about that this morning in the opening statements from unsworth's side. we'll follow it for you. send it back to you. connell: robert gray live in l.a. for us. back in new york we break it down with the judge, andrew napolitano, joins us. fox news senior judicial analyst, host of "fox nation"'s liberty file. always good to see you. >> likewise.

connell: robert, setting this up talking about defamation i think brings up what i think is a interesting discussion in the suits it matters whether the person is a so-called public figure or not, but will it matter much in this case? >> it does and it will. to sue a public, for a public figure to sue, the bar is very, very high. you would have to show that elon musk published this, knowing it was false or with reckless disregard for its falsity. stated differently public figures don't sue, because it is nearly impossible standard but when the judge said unsworth, though he was involved in a public event, though he entered the event voluntarily, though he entered the event with the intent of affecting the outcome, had a happy outcome, is not a public figure. therefore, under california law, a federal court applying california state law, unsworth only has to show simple negligence on the part of elon musk. this is interesting. this is the plaintiff's case. who was the plaintiff's first

witness? elon musk. this is very dangerous and very bold of plaintiffs lawyers to call the defendant their first witness, someone under controllable or volatile as he is. he is trying to get him to admit there is no basis for him to call unsworth. pedo guy. connell: should elon musk be worried about this? if it was a total disaster, the stock of tesla would be down about but strange little up in a down market. that doesn't tell you everything but should musk be worried? >> second part of the strategy no one takes musk seriously in his tweets. while there may have been absolutely no basis to use pedo guy, there was next to no damages as a result of it. unsworth may get a pyric victory. the jury may say you're right, you were defamed, what did you lose? that is the hope, expectation and plan of defense counsel. connell: we'll follow it. obviously we're also following

impeachment. i want to ask but the development of the day today from the intelligence committee in the house of representatives releasing its worth which i understand it sets up possible articles of impeachment. what is the takeaway, the big takeaway from this today from your vantage point? >> there is exceptional detail in there about which we did not know and about which no one on the committee discussed personally that involves the trigger person in all this rudy giuliani. there are hundreds of emails and phone calls which were examined by investigators for the committee which tie the president to mayor giuliani and mayor giuliani to all the players on the ground. i wouldn't say this is an airtight case but far stronger case than the one we thought democrats had last week. connell: you wouldn't say it is airtight case. i heard words like bribery thrown around, abuse of power -- >> i wouldn't say airtight if they're trying to prove a crime but if they wanted to argue that the president committed bribery

there is enough evidence one which could infer bribery there is plenty of evidence to do that. connell: probably not enough for the senate to convict him of such a crime. >> i don't think the senate will convict him of anything. connell: political question. judge, good to see you. >> pleasure. connell: melissa. melissa: "fox business alert," google ceo sundar pichai, will replace larry page as ceo of alphabet. did i butcher that? connell: close enough for me. pichai. melissa: i know who the guy is. his name is hard to say. alphabet and google no longer need two ceos and a president. going forward sundar will be the ceo and president. connell: interesting. melissa: royal family reeling from yet another damaging interview. while new details are surfacing over prince andrew's ties to jeffrey epstein. fox news's brian llenas in the

newsroom with more. reporter: melissa a royal scandal not going away. two weeks after the prince andrew told the bbc he did not recall meeting virginia guiffre. she fired back that andrew had sex with her on three different occasions when she was just 17 years old. guiffre claims as a sex slave for jeffrey epstein she was trafficked to prince andrew. >> i implore people of the uk to stand up with me, help me fight this fight. not accept this as okay. this is not some sort of sex story. this is a story of being trafficked. it was a kicked time of my life. it was a scary time of my life. i had been abused by a member of the royal family. reporter: guiffre called her first sexual encounter with the prince disgusting t was gillian maxwell's house in london.

maxwells with epstein's girlfriend and allegedly procured minors for epstein. claiming this photo is a fake. it shows the prince holding her around the waist at maxwell's house in 2001. >> come on, calling bs on this because that is what it is. he knows what happened. i know what happened. and there is only one of us telling the truth and i know that's me. reporter: this as attorney david boies tells fox news he has clients who say that the duke of yorkness withed young girls giving massages to epstein. boyce wants to interview the prince. maybe subpoena him. andrew denied witnessing any sort of behavior while with epstein and he says he would cooperate with the investigators. melissa. melissa: we will see. bryan. thank you. connell: to those porch pirates we mentioned earlier. the package theft that has been soaring across the country. how you can safeguard your

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connell: "fox business alert" on the big technology story breaking after-hours. google es chief executive sundar pichai is moving up. the stock is up a little after-hours. larry page along with cofounder, sergey brin putting a block post out. that is the story here. you have the founders stepping aside. they say while it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long we believe it's time to assume the role of proud parents, offering advice and love but not daily nagging. all right. the stock is up a little bit, .6 of 1% after-hours. melissa: you did that beautifully to shame me, right? connell: that is part of it. >> call them porch pirates. holidays increased deliveries and sadly more thefts. in new york, i found this unbelievable, 90,000 packages disappear every day? this is analysis from the "new york times." there you go.

gabriel is the founder of pickups technology. knows a thing or two about this issue. so, this is, this a huge problem obviously right now. i was shocked by the number of packages that disappear. in new york you can't have ring or whatever that is, that will watch your front doorstep for you. so tell us what your business does? >> pickups is a community marketplace. we bring online shoppers together to ship their packages to neighbors that are conveniently located along places that matter to them, such as homes, work space, coffee shop, whatever it may be a much better experience in the delivery process. melissa: how do you make money? >> we offer consumers to use our service one-time basis, pay a fixed fee couple bucks, five or six dollars. we go ahead to split the cost with the pickup's neighbor who is receiving the package. melissa: is that enough for people to get involved? i mean, if you make $2 a package

or $2.50 lars a package for people to stay home accept packages? >> you look at volume. amount of packages moving through new york city a lot of time freelancers and retirees, people have on their hands. earning three to five bucks for pickup, being able to service, you know, self dozen pickups a month, becomes extra source of supplementary income for use years i'm picturing somebody in the apartment, overwhelmed by a mountain of packages behind them but the new york police department gives out tips. ship it to somebody going to be home. yeah, no kidding. if i had somebody going to be home i wouldn't have this problem. a lot of people send it to work okay for a bit. when you have whole entire office shipped to work, offices end up banning it. >> right. melissa: seems like your idea works in big cities. do you think it would work in a suburban location as well? >> that is something we're open to considering in the future. there is, the challenge right

now, is most pressing in urban environments. that is what we're focusing on at the moment. melissa: yeah. >> you also like you said, "the new york times" mentioned 90,000 packages stolen every single day. melissa: that is crazy. >> that is interesting. what is interesting about the entire market. it is in infant sales. 10% of retail sales happen online yet 518 billion-dollar market. interesting how we're in the beginning stages and problem is so big. melissa: it will get bigger. used pickups. >> used pickups.com. melissa: used pick ups.com. gabriel, good luck to you. connell: how about this? a new study from the oecd, reveals that the smartest schoolkids in the world are in china. what does it mean for america and the rest of the world? who better to ask than our own david asman who joins us right now. melissa: he has smart children. >> i do. i love the story, it points out the irony of the whole thing is that the communists are actually

more competitive than we are. they have a very competitive school system. they make no bones about it. unless you get the highest grades, you don't go to the best schools. here in america, we can't to kill competition, we want to kill grades, no grades at all except for melissa's kids schools. teachers unions want to kill all the charter schools which provide competition to the public schools. they also want to kill school choice which gives people, individuals, no matter how wealthy or poor you are, gives you the choice to choose other things. we're trying to kill competition. they believe in competition. we're supposed to be the capitalists. we're supposed to be the communists. shows you money is not the answer. we put a lot more money in our education system than they do, competition is what matters. not money. connell: competition, seems students are educated there, equity is not exactly a priority

in china. >> but high grades are. if you don't make the grade, you don't get to the best schools. it is as simple as that. connell: out. what is coming up tonight on "bulls & bears"? >> we'll be talking a arithmetic keeping what we're talking about. the arithmetic of impeachment. 31 democrats from red districts, if you only get 18 of them splitting off from adam schiff and nancy pelosi, they could stop an impeachment from happening. now the chance of this happening is very small but chad pergram is going to tell us how close we are to that possibility. that could turn things all around. connell: even if chad was in china he would be at the top of the class. >> that's true. connell: see you at the top of the hour. melissa: game-changer for baseball. a plan to cut 42 minor league teams. what the move means for local community across the country. we'll speak to one team co-owner

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pergram. melissa: a change at top for one of biggest tech giants in america, sundar pichai will replace larry page as ceo offal if get, page and his fellow cofounder saying in an open letter, this is a natural time to simplify the strucksure. connell: no big deal, right. >> you are showing off again. connell: now let's talk about baseball. this story is not positive for a lot of people, lending support to underdogs. bernie sanders had a meeting with major league baseball commissioner rob manfred, voicing the opposition to plan that baseball has to cut 42 minor leagues across the

country, we have rick french. he is co-owner of one of the teams in florida, ther to tortugas. how would daytona, this area be different without your team? >> well, thank you connell, i thought that melissa's lead in story about porch pirates was appropriate, in what he is doing to rip the soul out of professional baseball. it would hurt daytona. in daytona beach if is our only professional sports team, we've been playing minor league baseball for a hundred years, jackie robinson growth the color barrier, i find it ironic there are 42 teams this are being discussed for elimination, and

every year major league baseball honors number 42 for his contribution to inclusion and i did herstydiversity and they trn his legacy. connell: your stadium is named jackie robinson field. >> it is, it is a beautiful ballpark. with water on all sides. connell: baseball said, we have too many players, we could treat our minor league players if we had fewer there is one of their arguments. >> it is. so these are their players. so they can choose to treat them better if they am, major league baseball has always paid their players and coaches in minor league, my argument would be, i think they said through cutting number of teams that' they coule 660,000 a year per club that about half of what they play a

utility infielder for the marlins. connell: we did not give you a great amount of time, i will aal jiez, ialapologize thank you fog us. melissa: "bulls and bears" starts right now. >> i have no deadline, no. some ways i think it is better to wait until after the election, do you want to know the truth. david: stocks rattled as president warns world that china trade deal could not be until after the election. all that trump spends a busy first day meeting with world leaders at his third nato summit, this is "bulls and bears," thank you for joining, i am david asman, on the panel jonathan