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tv   Bulls Bears  FOX Business  December 3, 2019 5:00pm-6:00pm EST

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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 hoenig, christina,
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caroll roth. were allies shocked? >> it was a packed busy day for president trump, it ended, just wrapped up within the last 20 minutes, but there was no bigger headline this day than president's first from this morning, he suggested that potentially a trade deal between the u.s. and china might need to wait a full year until after the election. there were three mini-type press conferences from president, one with leader of nato, others with leaders of france and canada, president of the asked about the stock market as it was falling because of those comments he sort of brushed it aside. >> we're in a critical stage. they called us today. they called us yesterday. we're having on going discussions. we'll see what happens, but if
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the stock market goes up again, i don't watch the stock market, i was watch jobs, i watch makine proper deal. reporter: president said he does not watch the stock market, but just look at his twitter feed, to know he tweets about it. in near-term, there is a question surrounding december 15 tariff, next potentially final batch of tariffs to whether or not those will go forward, if there is not a phase one trade deal. trade sources tell fox that at-this-point, if there is no phase one deal than expectation is those tariffs would go forward. as it relates to nato, the meetings will resume tomorrow. and china will once again be a focus as a senior administration official said nato leaders will talk about china's build up, technology build up, specifically 5g. >> okay blake thank you very
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much. more on france and their tech tax later, but first, while presidenisoverseas, vice preside sat down with charles payne today. >> i think through long history of this country, the united states has always used tariffs, and access to the marketplace to strengthen this economy. and president trump took office and made a commitment he would put american jobs and american workers first. use the authority he has as president of the united states to control access to our marketplace with tariffs. david: will the administration playing hardball with china over a trade deal hurt the markets and trump's chances of reelection. >> i certainly don't think this as. the delay in trade deal as the potential escalation in the tariffs, you already have a jittery be community, they don't
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like that word, uncertainty, if we get an escalation in tariffs my concern that business will not make capital investment they need, that will be a self fulfilling prophecy and drag down the economy and could spell a disaster for not just economy, market but also trump 2020, i do not like tactic. do not raise the tariff is. >> by caroll, haven't you heard, trade wars are good. he likes the control he has over u.s. companies telling them where they can hope, and tariffs, it fifths them money he can dole out to political constituent see, he is talking about new tariffs on argentina and brazil. this is detriment to u.s. economy but to u.s. individual -- "house" hold 800 bucks, i worry about the economy.
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and average american moving forward if extra tariffs go no place about another thing to worry about -- john. >> go ahead. >> another thing to worry about, markets, we're supposed to be headed into a sa santa santa cl. you mention if you add more tariffs, businesses are not going to investment we have seen that for some time now the lack of investment. and are we not goingful circle to bring up jonathan comments after the eu, china with tariffs. and if china wants a trade deal so badly, why haven't they stepped up to the plate just yet, i think we're overlooking long-term strategy of china. china is playing long game, we're just ignoring that. >> china is playing a game that china playing chess and trump is
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playing golf, not the same game. president trump is worried about theft of intellectual property, which is legitimate worry, china is worried about building a initiative in the world, they own 2/3 of top 50 mort 54s, vice -- ports, vice president pence said this is greatest economy ever in u.s. history, which is obviously not true. david: greatest jobs market. but i'm going to push back for a second. >> you can't, you can't. david: we have 4 against trump, will stand up for the president, so far as his a yo a a acumen ad political, i know that economists don't buy it, i know traders don't buy it. but bottom line is voters see him standing up for u.s. companies. >> but david, it is not the
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intention but the outcome and tactic he is using. i think we all o believe we need to be tough to china. but i think also believe that tariffs are not right way. and i think if you just left things as it was didn't continue escalation, i think that would be enough for the economy. but escalating it further i don't think that will be good. david: more taif ires in france -- tariffs in france coming up after the show, but talking usmca for a second. they say nancy pelosi is holding up trade deal, canadian prime minister trudeau appeared more hopeful today it will passat nato summit. >> we had a lot of great conversations about how we'll move forward to benefit workers in all 3 of our countries, we're confident we'll be able to get there, i know ambassador lighthizer, and deputy prime minister free land and the
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mexican negotiators are engaged closely on this issue, we're hopeful we will have good news soon. david: hopeful, will we det a deal before the election shin. >> a great example of how a politician is speak in diplomatic form. trudeau has said nothing. i am canadian, i can just request againsagainst him, he t. the president does relate more to people, he speaks more off of cuff, we heard nothing, hopeful, what does that mean. usmca, nancy pelosi is in a tough spot, either she denies president's win or does not go ahead and seen as not going forward with congress. >> the politicians are playing politics. you are right, not good for manufacturing. it is slowing now for months, have you millions of people waiting to invest billions of dollar because governments are trying to decide on what trade
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will be. i think, this is a throw back but in a free economy we should have free trade, this is why government should not be involved. david: caroll, the president very often does speak his mind, he says something like i don't look at stock market, he always talking about the stock market when it is up. i think he realizes that when we talks bad about a china deal the market go down, don't you think he would want market to go up before elec election, meaning te will be a deal bev. >> there is a conspiracy theory art of the deal. that market has damage so well he is trying to get it do go down to bring it back up before the election. >> oh, boy. >> who knows, to say he does not follow the stock market, if anything happens positive in stack morke -- stock market, yor
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from president trump first. >> president is not able to negotiate a trade deal before the election or after. i think it is false hopes and promise, i think china is killing the clock. david: 25 dollar bet, oh, we can't bet money, dinner bet, i bet there will be one. >> larry page stepping down as ceo of alphabet, google chief sundar pichai will take over. page cofounder president sergei brin writing in a blog post: >> never been wants to hold on to management role, alphabet and google no longer need two ceos and a president, shares slightly in the green. but not significantly, we'll bring you updates as we get them
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right here. and coming up, president trump threatening tariffs on france over the digital tax, how could that affect u.s. consumers? we break it town next. >> american companies, tech companies, you talk about we want to tax american companies, it is important. we want to tax them that is not for someone else to tax. step up, please. empty your pockets.
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david: striking back, president trump threatening over tariffs, u.s. tariff would hit champagne, cheese, handbags, make-up, soap, wine and more, a. taxed at 100% rate over current
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prices, france saying there would be a strong response if u.s. follows through, is there another way to fight back against france's tech tax. >> i think there is, if you do something to companies like chanel, they will get killed, wine makers will get killed, those businesses have notion to tnothing todo with this. this is where the president should not be dismante dismantle wto but helping reform. david: you say there is another, what is it? edict from the wto ? >> yes, i would have u.s. try to reform the wto, they have ruled in favor of u.s. in many of these cases. >> i hate tariffs, they are taxes, they take money out of
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the hands of the consumers. but you think about digital taxes in france it probably hurts their consumers. the way they would do it i would as u.s. government work with our tech companies to let the french people know, and encourage them to have a backlash against their own government, say why do you make things forex penceive for -- more expensive for us. >> listen to president's words, he is not against taxes or taxing big tech, but he wants to do the taxing, that is the problem the whole idea of taxes now imports, on cheese, wine, whatever, who pays those taxes? americans, this is disheartening that president's response to unfair taxes in france to levee taxes on americans on things that i want to buy. david: what would you do? >> freedom. make the u.s. the freedom center that beckons all businesses.
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does anyone want to be like france with 10% unemployment for decade. and no real technology. >> i'm the only one with a solution, christina help me out. let the women win this one. >> united states has somewhat of an argument given digital 3% tax is exempting french -- they have a corporate tax that bests those who domicile in france, i know that argument that u.s. is geeing forward, i don't understand why transi france isg ahead, without any european countries behind it. france is kind of kicking themselves in the butt by doing this u.s. will make more money off these tariffs versus what france would make off of the tax. maybe we could all switch to
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velveeta cheese. >> the united states is not making money for tariffs. >> we'll pay for, i'm sorry rephrase that. >> cut taxes for u.s. corporations, again, all these european companies, whether it be brexit or france or anyone, to domicile in america instead of taxing american consumer. david: you know who loves idea of tariffs, are italian wine makers and california wine makers, people will move to another place for wine. >> tesla ceo, elon musk in court for his defamation trial, robert gray with latest live from los angeles. reporter: that is right, i came out, musk was on stand, still on the stand, no cameras in the courtroom. listen to some of his testimony. he was called as a witness by plaintiff in this defamation case, at stake whether he defamed vernons un worth in a
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tweet related to a dozen thai boy soccer players in 2018. plaintiffs are questioning musk about his influence on twitter, and if it conveys fact, he said conveys faxes and opinions. he tries to raise awareness for things like climate change. you can see, there -- you know back and forth with that report, they were asking musk about timing of some of his tweets around the rescue and meeting with thai prime minister, andy ophoto ops around the cave. ungs-- he could take a submarine mufnmusks offered and stick it.
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and then. musk replying calling unsworth a pedo, guy. and people take it as a pedophile, but he said that mean something elsewhere he grew up. right now back to you. david: robert gray thank you. >> joe biden ramping up tax on his fellow 2020 dems, making bold claims about his support, we'll break it down coming next. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner.
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david: senator kamala harris officially dropping out from 2020 race, one of first major democratic candidate to concede defeat. former vice president joe biden taking swipes at opponents after saying he does not need an endorsement from president obama. and biden denying rising support for some of his main competitors like elizabeth warren and pete buttigieg. claiming that the south bend mayor stole his health care plan. will biden's new attack mode keep his campaign strong? >> i have to till you, i find picking stocks easier than predicting election. this is a crap shoot. joe biden old and cold and seeming lee ouly out of his mine time. and elizabeth warren unabout une
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and unelectable. and i am liking pete buttigieg. there iso is an old saying don't punch down. joe biden is punching down, and i think that pete buttigieg is now the one to watch. >> which is maybe why joe biden changed his stan plans. he got rid of the ropes, and got rid of the teleprompter, he is trying to be more with people, she recording videos for voters and family members, you mentioned attack mode, but still frying to be more personable. >> i feel his lane here is the least option like skinniest kid at fat camp, best thing for joe biden to go home, netflix and chill for a couple of months while everyone else plays hunger games, then come back. less he says, i think it better
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for him. people want to view him as oh, i guess not that bad of an option. >> i think biggest thing for democrat is getting millennial vote, and minority vote. you look at 2016, miss clinton did not have a good voter turn out, population grew from 2012. people did not want to vote for her, now, candidates trying to get this very important millennial and minority vote, leaders right now are not very good at that biden by far is the best. but buttigieg and warren and sanders, and trump on other side, you don't have a passionate is under out the of minor tie and millennial votes, i think that president obama, whoever he endorses will be huge, and the vice president candidate for whoever comes out. david: president obama said he
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will not endorse until there is a nominee, my request question, what happens when joe biden run-up again donald trump face to face. one thing to go after mayor pete. john, you were a professional wrestler, kind of like, that how will joe biden faceoff with the president? >> kind of. it is like that. president trump is glib, he is very good on his feet, and fast, he does not mind being mean, even mayor bloomberg, probably most intelligence guy in country, but certainly probably in the race is not very glib, i think that anyone who goes in against president trump will have a tough time in the debates. >> that was your character in wwe to be like that. >> mean and --? >> just the opposite of what he is. >> that finishing move, right, john. you know whatever, i think back to obama election obama did not
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have that momentum until the end, i feel like, one of these candidates, i think it cell be buttigieg will capture that obama momentum. >> caroll, if that happens, will it come back to the economy? and old phrase that ronald reagan used aren 't you better off now than you were 4 years ago. >> to what i said before, lease worst option works forked by confident primary and general, i don't think he is able to beat trump if he wins, but i don't think of the them are able too beat trump with the economy staying strong. david: it is like as wher wrestg match. >> coming up, math of impeachment. 31 democrat from differen distrt vote for president trump, could democrat lose the impeachment vote?
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athe man to answer that, chad pergram our man on capitol hill, he is next. no more buying cartr. big ink tanks. lots of ink. print about... this many pages. the epson ecotank. just fill and chill. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward.
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cme group - thlook at all this ink no more bit comes with.es. big ink tanks. lots of ink. no more cartridges. incredible amount of ink. the epson ecotank. just fill and chill. david: democrat on house intel committee releases their impeachment report today. joining us now, dha chad pergra,
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there are 31 democrat in red districts, if just 18 split from schiff and nadler and others who' impeachment, and all republicans are against impeachment, this could lose, is that possible? >> absolutely, if you look at this, and you look at historical impeachment you had members of congress go against. in 1998 with president clinton there were 4 articles of impeachment put on the floor, house approved two in. in nixon in 74, there were 5 articles of impeachment, they only approved 3. this is why math is so important. there are 431 members of the house, that could dip because hunter from california, just het
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resign. have you 216 yeas is okay prove, approve, that number, you could potentially have either that number of democrat other voting no or how many they could lose and still adopt an article of impeachment, remember that justin amash. the independent congressman from michigan, indicated he is for peach typimpeachment. it comes down to actual articles of impeachment. >> as an american this is embarrassing to me. these charges, if proven true could constitute a removal from office. but yet we have votes 100% along patterson lines -- partisan lines that show congress, republicans and democratic care about nothing else other than partisan politics, i am reading
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it right. >> it was partisan in 1998 where you only had 4 democrat who crossed line, two switched parties or became independent later on, that was a partisan impeachment process in 1998. that is why you have to lock at that narrow, you look group in middle, how does that affect those you know trump democrats, those democrats in districts that president president trump carried in -- 16, how to do those voters feel, that is a critical point, especially in the suburban areas, does that win the day, that is why democrat push hard to say we're working on prescription drugs and usmca that is rail is really important they have to try to win that argument. saying we're just not about the impeachment. >> maybe some people want this whole thing to just go away. you had house intelligence
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chairman adam schiff said they will continue the investigation even though inquiry has been handed over to judiciary committee, what does that even mean? >> i was told yesterday, you could have house intelligence committee continue to call witnesses for deposition, we don't know, is that in there will be additional impeachment hearings by the judiciary committee or other committees. what they could do is move to a markup session, sometimes next week or after, they go through and craft articles of impeachment, and here is other thing, a bit of a news nugget, we know a little bit more about the structure of the hearings we're told tomorrow it will mirror the house intelligence come icommittee hearings, they r to council. norm a democratic council for judiciary committee will handle questioning for democrats, front
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-- 41 minutes on this committee. that is about 3 hours, we know more about how they will light the capital christmas tree tomorrow night, this true, we got at a ticktock on capitol hill, in last past hour explaining minute-to-minute us process of lighting capital christmas tree, i have asked if we could get a simila a system r tomorrow's hearing. >> chad, i heard censure could be an option instead of impeachment, anything you hear on that. >> what that means for the president. reporter: censure is not one of the constitutional punishments, it is one of the three formal modes of discipline in the house of representatives, between reprimand and expulsion that is why sometimes you hear it. i remember in 1998, you had
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censure, kind of bandied about as possible mid level you know type of punishment for president clinton, they never went down that road, house speaker nancy pelosi is good at reading temperature of her caucus, a lot of times what she does is project a reality, meaning we'll pass obamacare or cap and trade, so,controversial things, and she works to magic behind the scenes she usually gets members to get there. if she has done down road this far, she might have enough members for at least one article for impeachment. it may not be before christmas, or down the road. david: okay, jonathan, last question. >> i really enjoy following you on social media, you break news
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that other network pick up and report. back during clinton peach type . democrat in afford to move on, they came up with moveon.org. do they have a playbook? >> so far we're hearing from republican base they are just talking to the republican base. and they have to kind of get into the sus suburban members ad district that will be key, and so far, as adam schiff put it yesterday, republicans seem to only be addressing audience of one, president of united states, they need to widen that if they are going to be resilient. david: there were two democrat vote with republicans again first impeachment inquiry. >> only two, colin peterson. david: against peach typ impeact now. >> chad thank you.
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>> we'll have more tomorrow with colorado congressman ken buck, on the judiciary committee, and actor mark ruffalo calling to over throw the system that made him a multimillionaire, caroll roth takes him to task for this, we ask her about that, coming next.
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female anchor: it's 6:39, time for 'news update' male anchor: ...an update on the cat who captured our hearts. female anchor: how often should you clean your fridge? stay tuned to find out. male anchor: beats the odds at the box office to become a rare non-franchise hit. you can give help and hope to those in need. hey fred - it's medicare open enrollment.e. time to compare plans.
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there is such a misunderstands of capitalism, bottom line, it is freedom, if you say, you hate it, you hate freedom. this is millions of people with free will, instead of a cup of people making decisions on behalf of millions of peopl, using power control and force. we do have so much government interference in our system, intervention and cronyism, people get confused about what capitalism. solution, economic revolution is more capitalism, not less capitalism, and more power and control. >> good. >> i agree, with capitalism this is why people come out of global poverty and emerges markets become middle class,. mr. ruff lomr. --mr. rufmr.mr. -
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>> too many times we want to pain them in a light there something bad. >> what -- >> people just have a disagreement with us, that does not mean they hate america or freedom, they have a disagreement. >> let me tell you something about mark ruffalo, he is not an intellectual, he is just a pretty face, an actor with an opinion. >> a great actor. >> he is wrong in economics. everywhere capitalism is practiced. cuba versus miami, if you dare about the poor, you should be a huge advocate for capitalism and free market. >> i don't know rus ruffalo, i t think we should just call him a pretty face. >> i heard enough.
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>> i think we have should talk about reforming capitalism, and capitalism could be rigged. you see unfortunately inequality still exist. and you have degraded democracy, these need to be concerned, apple for example, it lobbies government, with a bromance dinner with president, and able to get those tariffs reduced. >> that was my point. >> is that fair? >> here is -- you are proving my point, you actually don't know what capitalism is, that is my point is this is not a diamond e indictment of anyone personaly it is free choice that is all it is. that is if, everyone you talk about, is on the spectrum toward this power control, and cronyism, it is not capitalism.
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>> call it cronyism or rich capitalism that is just a choice of words. >> but -- >> laid out. >> cronyism is not capitalism,. >> actually address the other point, income inequality, you talk about it a lot. income inequality is a feature of capitalism it is not a bug it is a benefit of capitalism, bill gates benefited us all in the process. >> inequality is an important measure in terms of eyes last in justice, it is unimportant with wealth. >> bottom line, this should be emphasize, economist found that a billion people were brought out of poverty in past 20 years, and to lower middle class, because of capitalism, i don't know what country has really
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improved its economy as a result of socialist. >> not tariffs, not subsidies. not private public partisan, but capitalism. david: before we head to break, evening e"evening edit" with elh macdonald. >> you really whip it up, happening, house republican leader mccarthy, scalise, cheney and collins on speak out, outside warehouse intelligence committee is now voting on impeachment report, the reality check, this is still not a full house vote, nancy pelosi still refused to hold, and president called for, we take on what happened in nato summit, sprting with president trump blasting french president for being nasty for saying nato is facing brain
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death. back to you. david: a full show, liz thank you. >> well pehl -- pelton catching heat. 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. ♪
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david: new holiday ad showing a husband gives his wife the gift, the woman in ad said she did not realize how much it would change her life, critics on social media slam the ad. by the way, i said how much? really not that many pounds she lost. >> we'll get to to that, you see uproar on-line.
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internet angry again at an ad, they are unsure about intentions, is he happy? looking for approval from her husband, is her husband telling hershey needtellingher that she? saying that face you make when you have to videotape yourself exercising to prove to your husband you could making every effort to look shin for him. #poloton, people say this is supposed to showcase woman over course of year, she is quite thin, that is fine. is it pr promoting health or telling us we need to stay skinny? another tweet on that topic, she transitions from to look 116 pound woman, journey to becoming 112 pound woman who said. >> 4 pounds. >> i didn't realize how much that would change me.
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>> 4 pounds. >> you can see, waring in people are angry for me reporting on it. the big question, is pelotoin doing it on purpose, they have 500 -- >> jonathan. >> this stock was down sharply today. maybe not reaction they want. i look at that ad, this woman does not need an exercise bike, she needed a plate of krispy kremes. >> mission acome blue chipped a. >> we have run out of time, i should say by the way, i do know some guys whose wives bought them a peloton it works both weighing, o -- oreo. releasing their newest flavor. that is next. i've always loved seeing what's next.
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♪. david: oreos finally announcing answer to the mystery flavor they unveiled in sep. listen what our own panel gave. listen closely. >> smells like an old bordeaux. >> look at this. this to me, this is a cinnamon, cinnamon toast crunch. [buzzer] david: has a muskie smell. my dog smells like this after i give my dog a bath. [buzzer] >> i'm going to guess it is broccoli. [buzzer] >> churros?
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david: huh? >> churros. david: i didn't know what churro. have you talked to the can. >> eating oreo on "bulls & bears" is highlight of my life. if you want. >> a lot of creepers out there. david: beware of the creepers. >> carol, your economic analysis is top-notch. your cookie analysis takes the cake as well. bravo. >> take the cake. pun intended. i like that. >> can i bring up obvious. steve moore is brilliant guy and i like steve. he guessed broccoli? that is the worst guess in the history of guesses. david: i have to be honest, i love oreos, i like the old flavor. this tasted kind of funky.
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i talked about my dog. >> you have refined palate and taste everything in wine and everything else like that? >> it means i have palate of a sophisticated 8-year-old. >> yeah. david: thank you. liz: happening now, house republican leaders mccarthy, scalise, cheney and doug collins expected to speak just outside where the house intelligence committee is voting on the impeachment report. tonight, the reality check. this is still not a full house vote which nancy pelosi still has refused to hold. the president has called for. one moderate house democrat fears voter wrath, the nation divided. republicans out with a rebuttal, senate republicans preparing to call hunter biden and democrat adam schiff to testify if it heads to the senate. as senator mitch mcconnell today blasted house speaker nancy pelosi for her, quote, empty rhetoric.

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