>> maybe we better return to the euro. i think our viewers would be annoyed if we did. i will leave you on this friday with the stock market, we are up 330-point. that's what i'm giving you. >> i appreciate it, we'll see if we can maintain this. have a great weekend. stocks are up on this report but is also make money out of bounds. meals arata three creek high here. the equity arena, not so much in the safe haven treasury arena. all because jobs are 266,000-dollar more in the month of november. unemployment rate kicking down to a 50 year low at three and a half%. hey, jackie. >> good afternoon. stocks are on fire today. the dow is up 332-point, near a session high right now. here's how they described that

job. homefront, couldn't see this negatively if you wanted to. it's positive for the week on this news as well. the leaders on the dow, let me remind you every dow component is in a positive territory today but the leaders are called me and chevron. give me a sense of the broad range of this rally. we are taking a look at old prices being lower, it makes sense safety trade today, it moves into equity. traders think it will hold so don't look for gold to rebound anytime soon. check out what we saw in the dollar index all week and the spike today after the jobs report. one of the positive pieces in their for the revisions we saw for september and october. 14000 in september, 284,000 jobs

and reported in october. you combined that with an added 41000. those revisions are very important because it shows we are not even getting the true sense of what's going on here in terms of positivity. >> thank you. investors are watching their race against the clock and some of the major deadlines are closing. tariff deadlines nine days away, affording a government shutdown, the latest on china. here to cover all of that and edward lawrence in washington d.c. >> larry kudlow called this china talk intense right now. he says december 15 tariffs may go forward but we are very close to a phase one trade deal on paper, he also adds that the president of china wants to talk with trump about a trade deal though kudlow say the president trump will not sign that agreement. >> we cannot let any power, china or any other power steel

our dreams. our plans, our creativity. so the president must protect and defend our economic rights as well as national security. >> the chinese today exempting soybeans and pork again from the tariffs on imports showing or trying to show they can follow through with commitments that they made, as good as the economic numbers are with trade or the job numbers, republicans in congress are wondering how anyone can impeach the president because of the economy and the way it's going forward. the president has a 5:00 p.m. deadline today to decide if his lawyer will be involved in the impeachment hearings next week. the hearings will start to release their records and get their report to the judiciary committee related to impeachme impeachment. this process itself is an abuse of power. >> when you are saying to the american people, we will negate

the vote of 63 million americans and we in congress are going to deny the president due process and at the same time, turn around and election from 2016 because we didn't like the results, i think it's frightening for our democracy. >> after today, there are eight working days were house in congress. impeachment will take up much of next week and pass appropriation bills before december 20. that's when the government will run out of money. u.s. fca is waiting for ratification vote. so far, nothing on that. >> thank you. let's take a peek at the market. s&p 500, looking like it's going to be positive for the week based on us strong report. we notice the dow is a little more than 100 points with an all-time high. we are flirting with highs. in the meantime, we've got the

editor. did this change the impeachment? >> no. this impeachment was never about whether trump have done good things to the economy or stock market. i was never the question. >> you think it makes it a tougher sell for the american public? >> no, if you look at the numbers of who supports impeachment and who thinks the economy is good, they are right on board. republicans think the economy is great, democrats think is terrible. this changes nothing. it kind of just reconfirms to the folks on the side who's a trump shouldn't be impeached. the economy is doing great. the democrats say is not because of trump, it's because it's a great economy. >> i always think that timing is everything. the timing of these quotes could mean literally the weekend

before christmas, it could also be the first night of hanukkah. americans at home looking at that like to say there's something wrong with this. >> there's a lot going on. you also have the government possibly shutting down. that's a priority in addition to impeachment in the economy. the u.s. fca still -- >> there's no chance we will get that done. >> the china tariffs also. timing is everything, as you say but i think the focus will also be on the government shutdown. >> those go on december 15, the market will sell off all that's been done good. i always think we kind of get led by this china trade talk. there might be something to the

notion but let's say they don't, it's a good possibility. >> that's when the market starts because the tariffs have been hurting the economy and -- you look at this month's jobs report, it's a block. you couldn't make about if you tried but look at manufacturer manufacturers -- >> i have. >> i don't know if they have. i'm think anybody is saying today was but, today was good but 43000 of those jobs are because gm workers returned from strikes. you add 11000 workers. >> also 41000 prior. >> 43000 lost. the manufacturing number went down by 7000. i'm just giving you the facts. [laughter] used to have a net increase of 70000 jobs. >> i would argue the market is like this.

it could change on a dime but the one big thing going for the president that was going for clinton, a lot of people on "wall street", they are not right or blue, they are green. fame love money. that could save the day. >> there's no question. it helps the president, that's a fact. >> is not helping him more. >> the politics in general are still polarized. it's not like the past in history, the president giving the political dynamics. the economy is important. we'll see but it's hard to believe it won't play a positive role. >> was the more near-term event happening? the tariffs on the 15th, obviously you are touching on the possibility of a shutdown. what's going to be the pressure?

>> visa to unforced errors. they could avoid to keep this positive economy train going if they choose but they have chosen multiple times to stepan landmines when they didn't have to. the question is, what are they going to do? if they make a deal, they could say we are not going to put tariffs on. we will go over a relevant solution to get this done and everyone is feeling good but the president is showing he's prone to mood swings or getting on twitter -- >> what you think about that? let me give you a sense about how the economy markets play to the average voter. i know jobs department says it's important but he also mentions the markets a lot. he wasn't focused a couple of days ago but how important are the average folks in propensity to spend? >> it's much more important in america a whole lot because they

have a 41k program and equities are in that. that influences confidence and while the facts. the richer people feel, the more likely they are to spend. >> a couple of things we are following from united health group just turned. it's the only one in negative territory but a lot of this has to do with this ongoing sense of the economy is strong but we've been down before here. sometimes it materializes. in the meantime's, law makers are urging who work to take immediate action after the company revealed thousands of sexual assault reports that only came to light now.

we have so many lines that have to form a single file line right now. they are colliding is what's going on. mean convening monday, the exact same day the inspector general reports scheduled to be released then you've got deadlines for the government. i could go on and on but let's go to the real experts on these things. what are we looking at? >> roadmaps, they have more roadmaps around here. the key this afternoon is 5:00. that's when the judiciary committee has given the administration the deadline to say we want to participate in this process or we don't. everything will hinge on that because that could delay the

process if the administration says yes, we will play. you're not expecting that, that's why we have the intelligence committee present its report to the judiciary committee then things get a little murky. whether be markups here on capitol hill for they like the articles of impeachment? when i actually have a the articles of impeachment on the house for the week before christmas? maybe, possibly. we'll see. this is something nancy pelosi addressed yesterday. >> did you have a good thanksgiving? >> are we going to have a good christmas? [laughter] >> that's the issue here. people don't really know. they move articles of impeachment just before christmas in 1998 to president clinton. there is some skepticism on the democratic side. a democrat from new jersey indicated already he will not vote for impeachment. he told me yesterday will be

exonerated and use that to his advantage. people have to be careful what they wish for. this is why he will hear talk about 31. that will be a key number, 31 the democrats who represent districts present trump one in 2016. three members i would look at in particular work very vulnerable. kendra worn, anthony from new york and mcadams from utah. the other wildcard next week is not released of the report feeling with this. that welcome out monday, there will be a hearing next week and that could change the contours of impeachment depending on that. that will be very critical of next week. >> i know it's just outside here but we gotten into this before, it saved bill clinton. strong economy, strong market. what you think now how this is entering into the impeachment equation? >> when you look at bill

clinton's approval rating was when he was in 9088, is up 60, almost 70%. trump has been anywhere from the high 30s to the 40s. i talked yesterday with the former senate majority leader who managed the senate trial across the building and he said he thought despite clinton's hi paul numbers and good economy, he thought there was a chance bill clinton might actually be removed by the senate. obviously that inhabit but shows you how this can be in the perceptions. we think we have one set of information right now but it could change in it could hinge on the economy. look at trump, he is a good economy, good job numbers and approval ratings remain in the upper 30s to low 40% range. >> thank you. on capitol hill, you remember a lot of those foreign leaders and native was snickering and bad

mouthing trump, it wasn't over the top but it was catty. they have problems of their own. nothing funny what's going on their in london. they think emmanuel is a joke. ♪

work back in the news, alarming safety issues. thousands of sexual assault reports, back to 2017 and 18. now the transportation committee is urging uber to address the issue. >> the fact that the first of its kind has a report, they feel they are getting ahead of the issue and challenging the competitors, whether it lyft or companies or taxi companies to come up with these type of reports. over 5000 reported cases in the

past few years in 2017 and 18. nine murders during that time and what's really interesting was the fact that these assaults were on both riders and drivers at 6060 -- 5050. a transit system, which is 100 cases it's in those two years. it's only for one today. uber says they want to get out of this and they want people to know what's happening. they will be transparent, the one heading up this report, basically says that we want this to be authors their writers and drivers, they require honesty and shining a light on these issues, that we can revise clarity on something that touches every corner of society. they have unveiled a lot of these new safety features as well, write a check or you can basically send your itinerary and check in with where you are.

so if leno launched a camera system as well in the u.s. which means some of these conversations in the future, that's for both the safety and writers and drivers. people are so surprised by the number of these reported cases, 5000 in the last two years. they want to be transparent. >> thank you. it's not the only company under scrutiny for safety. amazon irresponsibly for safety issue for third-party sellers. senior reporter, a tech company has more. an issue here with these hover boards telling through third-party dealers that we all remember for lighting up, their argument pretty much is that amazon, we are not the one to make these in the third party.

that hold? >> what's going on with uber, amazon and facebook, you have extraordinary platforms that connect billions of buyers and sellers and products and ideas is what happens is we have this fundamental issue where, who's responsible for certain types of safety involving products or drivers it's a very complicated issue but these companies are worth hundreds of billions of dollars in reaching people and products, yet we are not quite sure who is responsible for watch. they are branching off into so many areas and kind of fixing things as they go along. >> they are not trying to subtleties rapidly. i think two thirds of the once the author, amazon is not settling. so they feel they don't stand

firm here. >> what you said is exactly right. you have to make a stand here on this issue and maybe it is a third-party that's ultimately responsible but if amazon is pliable, you can imagine how this would escalate in any product, toy the kid choked on or something that starts a fire in a house, the warmer or something think back to what they said in her report, about uber, they're trying to get ahead of the curve on this problem they have with assault. it's already gotten them in trouble in london whether licenses were revoked over safety concerns so these tech companies, we need to look back to facebook. they've grown so fast, they moved into so many different areas through acquisition or partnerships, now they find

themselves in the midst of lawsuits or challenges to what they are doing they are trying to fix everything. >> on the case of amazon, you have to think about responsibility and products advertised on your site cause problems. that's a pretty direct legal impact there. >> yes, it is. it's a security risk that the company has in their reports every quarter. they will have to start listing some of these things. they have to list these conceivable problems and he will start to see more of it. with the antitrust investigation into amazon and facebook, you start to see them acknowledge not just federal scrutiny for any type of legal action taken against them for the ideas of products they sell. >> i haven't thought of that, you have a legal obligation now to at least let people know this is out there.

>> they are getting longer and longer now if you look quarter to quarter. >> have a good weekend. thank you very much. the dow around 28000. we are not that far from the 28160 hi reached on the 27th. the dow today was 19%. elon musk is apparently arrived, closing arguments expected soon. he could be looking at hefty fines at a minimum.

he is urging in polls but some are questioning his leadership. much more from the mayor's hometown. >> one thing not everyone knows, they used to have the studebaker. they struggled from the manufacturing jobs dried up and moved elsewhere. the town tried to reinvent itself but the leadership of pete, $33 million invested downtown. businesses were attracted and 12,000 jobs returned. the chamber of commerce said that from publican started before he took office but he sped things up. >> pete came in and foot his put

his foot on the pedal. >> abandoned houses, he had a plan to demolish 1000 homes in 1000 days but in those neighborhoods, he's criticized for not remaining is not directing some of the developments i came in a downturn. where people need it the most. >> he would come up to the black community and try to find out what's going on. >> we don't see too much of him. >> the are criticized by the police. after a police involved shooting, mayor pete failed to back the police officers. he says he dropped and the last few hiring cycles, the police force added no new officers. >> meanwhile the guy was the front runner is running into a lot of controversy. joe biden getting this. look. >> your selling to the president just like he was.

>> you are a liar, that's not true. let's do push-ups together, let's run, let's do what you want to do. number one. number two, muller has said my son has done anything wrong and i did not on any occasion, no one has ever set up. >> i didn't say that was wrong. >> i'm not going to get into an argument. >> i don't want to either. >> yeah you do. here's the deal. >> did he call a guy fact? challenging him to a push-up contest? this is not the first time we've heard stuff like this. >> it's kind of unbelievable. joe biden is 77 years old and actually raising questions about whether he's too old to run for president but angry there. it's certainly not the first time. this person was a supporter, i

understand. joe biden treat democrats like that, what will he do when he faces independence? >> it might have been criminal to talk about your secondary lifestyle, it's very clear what he's getting out. >> exactly, he challenges him to a push-up contest. >> i would turn it around a child him who to auto, a barbecue line. >> it reminded me of last year, in march when he was talking about president trump and he's had the way president trump talked about women, he would take them out back and beat the crab out of him. it's very strange. joe biden want democrats complaining about the maturity of president trump and saint republicans have a personality around trump. well, your challenging people to pressure contests, talking about

taking them out back. >> democrats are saying abraham lincoln challenged the opponents in his early years to fight. i would like to think we put it forth. >> i'm trying to picture joe biden challenging pollutant to a contest. i don't think joe biden would win that race. >> i hear you. sometimes a surgical strike can work for your. i remember ronald reagan, the famous microphone moment, he went after the sponsors of the debate. but they were so few and rare that it's not like the person had it, that was a rare moment so it got more attention. >> it was also not the average voter in iowa. i remember the part republican primary debates, they were asked

what's your biggest weakness? bush said i'm not angry. i thought he was right and then it was a weakness because someone who is passionate and stick it to the man and stand up for them so i think you are right. some anger, at the right moment. toward the right direction. not the voter for the people who are keeping the voters down. >> how does that resonate with women? i don't know if it's fair all right, he alienates women with his talk. this is a different case here but do women look at that and generally have a calm disposition to these things? how does that play out? >> i was wondering how biden would have reacted if that voter said the same thing and female. he wouldn't have challenged her to a push-up contest i don't think. he kept calling him man's like hey man, called him fat at one

time. what he would have called a woman? >> he just seems on top of the malarkey tour and all, probably the only one who said i'm get where you you're going but young people, it's another magoo moment. >> exactly. he's arty facing questions about his age and whether he's had a lot of stumbles with his words, he's gotten confused about some things. i don't think having the uncle joe persona is going to help him. i think things like that, an old uncle who might have gotten angry at thanksgiving and challenged him. [laughter] are you challenging them to a push-up contest? >> great stuff. are you adapting in new york? >> i love new york. it is a great time to be here

with the lovely christmas trees. there's a nice great big christmas tree outside of the building i have. >> a lot of great led lights. nothing wrong with that but it's dark in the morning. >> yes. >> i'm just saying it's very right. thank you very much. still a very rough week, the stock is down, 8% on the week. a lot of folks are saying is because of the controversy that's just manufacturing. it's not real. ♪

all right, it's burning.

pension reform going on in france right now. tear gas and high speed rail, eiffel tower causes. he couldn't get in or out in the entire country. all the advisor with us on how france is dealing with this. what happened? >> thank you for having me on the show. again we see this tremendous disruption on the streets. emmanuel is trying to push, the much needed pension reform. the reality is the unions, they are unwilling to make confession. we have about a million and a half people on the streets. their paralyzing city centers. i think the protests will continue in the coming days but

reality has to be situation unstable. you have unemployment nearly 9%, it's coming down very slowly. you also have huge unfunded pensions for example, france spends 8 billion a year funding the pensions of railway workers who retire at 55 on average and unsustainable. he's writing this case to be pushing toward pension reform but he also needs to push further tax cuts for free markets and reforms to kick off the french economy but i expect you will see many more months of large-scale protesting givens by left-wing public-sector unions who are hugely resistant to any kind of change. >> you are right. this got me thinking, this is

the same guy who was snickering at donald trump at the last gathering in nato earlier in the week and i'm wondering, a lot of these leaders who do that including justin trudeau over canada, they are hardly in a position to do that. the irony of this guy fair figuring at, a lot stronger economy and respected markets in any of these guys. >> that's an excellent. you look at the u.s. economy and thank you s doing very well compared to all of the big european economies including france, the u.s. continues to lease on the world stage and emmanuel continues to fight on the sidelines. he wants to implement tax forcing the protection and so emmanuel talks about the need for free market reform but he's

also threatening protectionist policies and further undermine the french economy. i think he's in a big hypocrite. i think his leadership ability is sorely lacking at this time. you look at his approval rating, it hovers around 34%. it's overwhelming disapproval in france. you have a difficult challenge ahead of him but i can't say i'm impressed with his leadership skills home and abroad. >> it's another reminder now the post who live there shouldn't stinker. have a good weekend. we've got christina, hitting the slopes but indoors. come again. >> indoors, the first north american indoor ski slope. you can guess, i'm pretty excited. when we come back, i did this last time, too. so much more you can hit the

slopes inside in new york city. at the break. ♪

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he's been here 15 is the only opened up yesterday. it's the first indoor ski hill in north america. it cost $35 or $29.99 online. clearly you can see it's an easier run. i'm going to come closer to the camera. i left around 6:00 a.m. to get here, i got here quickly. you have to take a bust to go skiing for those who don't have a car like me. it's pretty epic, this institution right here, it's kept up 38 degrees, not too expensive when you consider yourself $100 a day. hopefully they gather attention, we seen a lot of kids are here because there's a much easier hill just beyond me. the first in north america, only $35 for two days and it's the

american dream, it will be something. it's massive. i can hear your. >> you are a very good skier by the way but the other thing, is it part of the mall? is it next to the mall? >> it's attached to them so right now the stores aren't open but there's a retail store and you can enter into the mall. they are creating a waterpark, a themepark, skating rink and that's why it's called the american dream. the mall has not opened yet officially but big park right now is officially. it's all here. i want to come when i'm sweltering in my manhattan apartment income skiing here. it will be a cool 38 degrees. free air conditioning. >> man, i'm glad i turned on the

opportunity great job. >> you could have skied for free. >> no, i wouldn't even for free. >> your skills, neil. >> thank you very much. charlie passed up the opportunity also to be there. how are your? >> they advertise those guys? [laughter] would you ski? >> no. >> it's a new york city park, which i'm sure they don't advertise with us. [laughter] >> let me get your take on what's happening now. what's going on? >> mark runs it, federal housing financial administration, he

wants to release them to the public. he wants to not have a government under control anymore. so what he's planning to do is a massive public offering. i think it is going to come, it will be much bigger, 26.5 billion, they will probably do 1502 to 50 billion, even if they break it up like 505050. this will be one of the biggest ever. it's a semi- public offer because they were in government control, now they're out of it. >> will still be off private one? >> they are still working that out. there picking a "wall street" firm to advise them on this. we understand it will be done in january. that will be the first step toward making this thing work. on our news yesterday, stock has been up. it's up now on my tweet.

it's pretty date certain. january early next year. it's going to be a big one. we are talking tens of billions of dollars. this thing is huge. a couple of things, i guess people oppose, trump losers. he can't send them out privately and elizabeth warren, a democrat who says no, he doesn't care. he believes fha does not own the congress, it's beholden to him, his term ends in 2024 so even if there's a change and administration, we are going to forward to release from government control, we are going forward to privatize them again. >> are they appointed by the president? >> he is. the term ends in 2024 and he believes you can't take him out.

i believe that's the case. that's under the law, iraq, is has him as an independent. no matter what happens here with elizabeth warren, joe biden, he plans to set these things free and do public offering right here. first up is a financial advisor. the former head of that family. >> the argument is we still need enemies like this. >> here's why. what bank would think a 30 year mortgage? the 30 here's dealing with it, is up-and-down job performance just listen to me. what happens is, no bank will make a 30 year mortgage. you need a federally backed u up --

>> before the skies came along. >> but not anymore. it's a very risky thing to do a 30 year mortgage. can you imagine an average investor, i'm will give somebody a daughter for 30 years at 3% interest? it's not going to happen. you can make the case that we wr the skies came along. >> we got to know their argument. these guys helped propel it. you know how to transition from skiing the ski slopes. i hope they are taking it out for us. >> that's an unusual thing. skiing, indoor skiing, that's a big deal. very happy to see fact. i've exhausted everything. by the way, we are running ahead

at the high for the day. we are about 140 away from reaching the highs of last week. could we reach that? ♪ fidelity brokerage account, your cash is automatically invested at a great rate -- that's 21 times more than schwab's. plus, fidelity's leading price improvement on trades saved investors hundreds of millions of dollars last year. that's why fidelity continues to lead the industry in value while our competition continues to talk. ♪ talk fidelity. ugh, another electronic signature. you have to print, walk, sign, scan, recycle, walk, email yourself... really? more walking, try again, waiting, recycle, walk, email yourself, then get back to your day. or not. this isn't working.

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neil: all right. take a look at what you have going on at the corner of wall and broad. markets are off and running. these are highs of the day. we are about 140 points away from a record on the dow, about less than half a percent for the s&p 500, half a percent or so for the nasdaq. these are records that were reached last week. we are revisiting them today. money that had been going into bonds not too long ago is now leaving bonds, going into equities so the ten-year treasury yield hitting a three-week high in the process. we will go into some of the details in just a second. right now, to agft u.s. policy strategist greg baliere and

katherine rooney on what the markets are seeing. katherine, i ended with you so i would like to begin with you, get your take on whether this jobs report that precipitated a lot of this is real enough to sort of put democrats at pause on the impeachment thing or at least make it seem like more of an uphill battle. >> well, i think there's no chance of that, neil. impeachment is a full speed train and that's moving forward. the market has already discounted that in all-time record high equity markets. in other words, neil, it's meaningless. so -- neil: meaningless in that the markets don't see the president getting impeached. in the house it might happen but it's not going to happen. >> meaning the markets expect, fully anticipate an impeachment by the house and exoneration by the senate. everyone is expecting that that's discounted. what isn't discounted is any tumult in the trade deal or any negative catalyst from iowa, new hampshire and super tuesday,

ushering in one of the more far left wing candidates. that is not discounted. neil: you know, greg, on the far left wing candidates, you can make the argument the better things look for that type of candidate, elizabeth warren comes to mind, even bernie sanders, the more wall street might relish that possibility, right? because that would look better for president trump. it's just me, you know. what do you think? >> it all looks so good now, i think that's right. i think elizabeth warren would lose 40 states. bernie might lose 43 states. so i don't know if i'm mixing metaphors or not, but can you have goldilocks on steroids? are those two words compatible? i think you are in a situation now where phenomenal labor market, no inflation, low interest rates, i mean, it's pretty rare to see everything lined up as perfectly as it is right now. neil: katherine -- >> i will take the other side of that. i think the complacency in the markets and greed index, if

everyone wants to google the greed index and see where we stand right now, is at levels that are so concerning -- disconcerting to me that what i'm actively recommending to my clients and i agree the economy is doing great. i have held that for a year. there's no recession on the near-term horizon, i agree. what is not discounted is any incipient inflation engendering a response from the central banks to get off of negative interest rate policy or close to zero interest rate policy, which will induce a popping of the bubble that exists in risk assets, induced by global central bank intervention. [ speaking simultaneously ] >> one other thing that's important that i take a different view on, a lot of people say hey, look, elizabeth warren gets the nod for the nominee, not a big deal, she won't be able to do half the stuff and everyone said that about obama and trump. i will push back on that, too. there's a lot that can happen with just 60 votes, a lot that can happen with executive power. there's a lot that can happen

with regulation. so a lot of harm can be done to an economy and to markets that have seen, what, four years of deregulation, less government and tax cuts. neil: you raise a good point. real quickly on this subject before we branch out to china, if you don't mind, is it your sense that, you know, of all democratic candidates, they are all going to raise taxes to some degree, 3.5 trillion under the biden plan that will bring the top rate back up to close to 40%, tax capital gains at regular income rate, raise corporate rate from 21% to 28%, and he's the more conservative of those taxers, so to katherine's point, that would be a worry for the stock market, at the minimum, the most moderate of the bunch is anything but. >> you are singing my song. biden is 3.2 trillion over ten years. he's the moderate. you go out and look at some of the people further to the left, they have $20 trillion over ten

years. so no matter who won, there would be a risk. i agree there would be a risk of significantly higher taxes. neil: guys, if i can switch gears on china. this has been another sort of ember in the fire for more buying here. larry kudlow earlier on this network telling stuart varney that he's optimistic on these china talks. take a look. >> i will say we're close. i would really rather quote the president, who himself in london and now back in washington last couple days has said virtually around the clock talks, talks have been constructive, the talks have been productive, he's been saying this, he's been tweeting this. he hasn't seen the final deal yet, but he's been pretty optimistic about the movement of this thing. neil: you know, sometimes when i hear this stuff, i think the administration is playing us like a fiddle, that is everyone in the media, everyone waiting

with baited breath for some progress on china trade often days after the president was saying a deal had been imminent before the presidential election next year. what do you make of this, that suddenly people are optimistic? >> doesn't it feel, does anyone else feel like it's groundhog day? for me it does. neil: yes. me. >> it's the same play over and over and over, and i get the same questions from the media and from clients. guys, this is a negotiation. this is a negotiation. a deal is going to get done because trump needs it and because china needs it. that's just the fact of the matter. china, 30% of their gdp attached to trade. the majority of which comes from the united states. trump needs a win for re-election. at a minimum -- neil: but it's been 15 months of this, nothing's happened. >> something's going to happen, i think before november. the chinese need it and trump needs it. neil: what do you think of that, greg, that something before the election? >> well, i go back to october 11th when they said they had an agreement in principle, but they didn't. so what did reagan used to say,

trust but verify? if they say in the next week or so that we have an agreement in principle, it means nothing. we've got to look at the details. neil: part of the commitment to buy more soybeans and pork related products, i heard that one before, too. >> exactly. exactly. neil: guys, thank you both very much. have a great weekend. meantime, the clock also ticking on an impeachment vote. president trump, house speaker nancy pelosi see a lot of positives just moving fast on this. the president saying the sooner, the better. nancy pelosi saying essentially the sooner, the better. "wall street journal" editorial board member dan henninger says impeachment may not end well, though, for democrats. explain. good to see you. >> good to see you, neil. well, you know, nancy pelosi once she committed to impeachment was like firing a ballistic missile. there was no way to call it back. it's going to happen for better or worse. the question is who is it going to hit? will it hit donald trump or her own party? she certainly wants to get this done as quickly as possible, a,

because a lot of moderate members of the house would like to get it behind them, but also they don't want to push it too far into january, the trial, because that forces senator sanders and warren to sit there when they want to be out and competing for the iowa caucuses and new hampshire primary after that. you know, politics being what it is, the timetable could slide. the house judiciary committee has to draw up articles of impeachment. that could slide. and i don't think it's inconceivable that the trial could push into february, which would really compress sanders and warren. neil: so the other possibility if they stuck to the timetable they want, which is likely, they say, the weekend before christmas, the first night of hanukkah, i mean, americans watching that, whether you are for or against this process, wouldn't they just be saying enough, already? >> yeah, i think they are saying that right now. and part of the problem for the democrats, nancy pelosi, they

are trying to get this done and some of the moderate house members have said you're rushing it. what they mean by that is that the american people, i think, are having a hard time focusing on precisely what it is, what exactly are the democrats impeaching donald trump for. recall, with richard nixon and bill clinton, these were about events that took place in washington, the watergate break-in, whitewater, monica lewinski. this is about ukraine, which is kind of a hall of mirrors. i think the public is trying to focus on precisely why the democrats have raised this issue to the level of impeachment rather say than just doing a censure of mr. trump in the house. neil: the democrats, though, want to just get it out of their hands as quickly as possible, whether it is that weekend before christmas, then it's in the republicans' hands, right? then they are the ones who would look like they are keeping this going. didn't mitch mcconnell keep all of january open for this? >> he did. but it will end and it will end

with an exoneration of mr. trump and then consider, neil, it will be done at the end of january. the democrats will have dropped their nuclear device finally on donald trump, impeachment. then they are going to have ten months before the election to deal with him. what are they going to throw at the trump presidency for the rest of 2020? because they will have used up all of their weapons. they may actually have to get back and debate him on policy, substance. can you imagine that. neil: a lot of them, though, have been saying there's great value in running against an impeached president. we have never had that before. you say? >> people ask me all the time what is the point of this impeachment, and my answer has been politically it is to suppress the president's approval rating, it's at the margin to make some voters feel that this is a presidency they can't live with. there is no evidence so far that they are moving the needle on anyone's opinion out there. so all of this seems to have been a lot of ado about nothing

so far. if that's the case, they are going to have to run against this president based on his policies and what he's done rather than his personality. neil: i think you hit the nail on the head, as you always do. i think it's not like there was a shift in opinion with richard nixon when that all started, 7 out of 10 americans thought it was just a waste of time, then we had the revelations of nixon writing million dollar checks, obstructing justice, the tapes and all. nothing like that here, you know? >> no, but they have decided to, you know, do an impeachment, as i said earlier, what went on in ukraine was very mysterious, very strange. you can have opinions about that. i think americans are entitled to say i didn't like what president trump did there. you want to vote against him, that's -- neil: it's so clear, clear as a bell. it gets the party of the president involved as well. that's not happening here. >> most people think impeachment is about a crime, and a crime is something you can identify. bill clinton lied to a grand

jury. that's a crime. the question here is what crime has president trump committed. i think at this point, the democrats simply haven't made that case. that's what the articles of impeachment are going to be about. they are still building the case. neil: this is a political judgment. people are very passionate on both sides but in the end, if you are spending a lot of time trying to explain it, maybe you are not winning it. >> i don't think they are winning it. now they are going to have jerry nadler's judiciary committee draw up the articles of impeachment as one of his witnesses, jonathan turley said this past week, they really haven't made the case. they needed to take more time to do that but they are simply going to drive forward for better or worse. i think it's just not going to end well for the democrats. neil: dan henninger, thank you very, very much. in the meantime, facebook has become one of the big apple's biggest employers. after this. ♪

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neil: all right. that shooting suspect at a naval air station in pensacola turns out to be from saudi arabia and he was in the united states for training. we will get some more information when we get it available here, but it's raising a lot of terror concerns, so they are connecting the dots as we speak. meantime, could new york city start to look a whole lot like silicon valley? facebook is apparently eyeing yet another office in midtown manhattan. deirdre bolton has the latest on that. hey, deirdre. deirdre: hey, neil. that's exactly right.

big tech seems willing to increase its footprint right here in our fine city so i am standing as you can see here on eighth avenue. this is the historic farley building. it has been used for years and years as a post office. it was completed in 1913 but it is going through this massive renovation, $1.6 billion is what it is costing. facebook, our sources are telling us, may lease 700,000 square feet inside of this building. by the way, the complete renovation is not going to be finished until the end of 2020 but that already adds to the property that facebook just announced last month that they are taking over in hudson yards. so total, if these plans and our sources are correct, facebook could end up with three million square feet in new york city alone. so as far as where that puts it, it really puts it on par with new york city's largest corporate tenant, bank of america, jpmorgan chase two examples of that. as far as facebook employees, that 700,000 square feet could

host about 14,000 facebook employees. they could be working here and listen, this is amazing news for all the businesses in this area. many people say it goes further than that, because a lot of the people who would be working inside this building, if these plans are correct, would be making around $100,000. that then supports all the restaurants, all the car services, all the gyms, all the local businesses that are here in the city. you remember, we talked a lot about amazon and its decision not to open that part of its second headquarters in long island city, queens and the promise was for 25,000 jobs and part of the scandal, part of the complication with that situation was that amazon had been offered $3 billion as far as tax breaks, tax incentives go. as far as we know, facebook has not been offered any such deal. if they do take over part of this space. essentially that's on par with

what we have seen from google, apple, spotify. none of those companies got tax breaks to come to new york city. back to you. neil: in the meantime, before i get to this next story, we are at session highs on the dow at the corner of wall and broad. all dow stocks, all 30 dow stocks especially those with ample exposure abroad, which is the case with most of the dow 30 stocks so any good promising talk on trade, the fact that a deal could be imminent with china, i know you have heard that before, but the real catalyst was this much better than expected jobs report for november that saw 266,000 americans added to the nation's payrolls and prior months revised upwards more than 40,000 more than earlier thought and earlier written. so we will keep an eye on that. also keeping an eye on a big trial going on. jurors expected to begin deliberating in the elon musk defamation trial. robert gray covering it very closely in los angeles. robert. reporter: hey, neil. thanks so much. closing arguments have just gotten under way moments ago.

the plaintiff's attorney, vernon unsworth's attorney starting to make his case to the jury that his client was indeed harmed in this very public war of words between unsworth and elon musk, of course going back to centering around the rescue of a dozen thai soccer -- boys' soccer team members in july of 2018. of course, the very public war of words as i mentioned, unsworth telling musk he could take his submarine he was offering for the rescue mission and basically stick it where the sun don't shine. musk tweeting back calling him among other things, a pedo guy. of course, unsworth testifying branding him a pedophile and liar left him humiliated, shamed and dirty. the judge reminding the jury, the plaintiff has the burden of proof, that musk knew the statements were false and he was trying to harm unsworth. musk apologized on the stand on tuesday. musk is in the courtroom right now. unsworth also on the opposite side did not apologize.

he is there as well. five women, three men to decide this, when they do get it. perhaps as soon as this afternoon. the judge also saying that it should be a unanimous vote. the jury decides the payment if a guilty verdict is reached and interestingly, said they are not required to award any punitive damages and also, that they should not make it unduly large just because of musk's financial situation and resources, we know valued at $20 billion by himself on the stand the other day. back to you. neil: thank you very, very much, robert gray in los angeles, following that one very closely. meantime, as we watch these markets in and out of highs on the day here, tensions are worsening. thousands arrested in protests in iran and europe and the u.s. are racheting up the pressure to get things to calm down. good luck on that. after this. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business.

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neil: well, here we go again. the pentagon is reportedly

considering sending additional forces to the middle east to deter iran. former assistant secretary of state under president bush 43, robert charles, says this is probably a necessary defensive move. secretary, always good having you. >> always good to be here. neil: what do you make of this now? it's not too long after the president was pulling our troops out of syria and now potentially reengaging them, not the same troops, mind you, but what do you think? >> i think you put your finger on it. it is a defensive move. it looks like what they are going to do is take the truman carrier battle group and bring it from the med around into the gulf, and join the lincoln carrier battle group there, and in a way again, 7,000 personnel is a clearly defensive and somewhat symbolic move. i think they will support patriot batteries and i think they involve naval personnel. the thing i think to think of beyond this is that there is a seething undercurrent in the middle east right now that's gotten hotter in the last week or so. we intercepted an iranian ship

carrying missile parts to yemen, we know they are trying to ship right now missiles into southern iraq. that's all destabilizing, probably a reason that israel is meeting with secretary pompeo right now. but i think at the end of the day, you know, something else bigger is going on, and inside iran you alluded to it earlier, inside iran, there are 100 cities that are in uprising right now. the sanctions are working and we imposed sanctions for one of two reasons. to get them to change their policies or to change their government, and they can always change their policies and stop killing protesters, and that would be a good start. neil: do you think, i'm drifting a little here, but if you will indulge me, do you think, secretary, that this is confirming everything the president has warned about iran and the nuclear deal and everything else, that it's apples and oranges but they have no problem killing their people and this is the same country we were, you know, willing to pay billions to get them to do what

we wanted and disarm and stop their nuclear potential, but they clearly lied about harming their own people. >> yeah. no, so your point is well taken. absolutely dead-on. this is not an amoral country, it is immoral. they killed their own people in direct live fire in protests in a number of their cities within the last week. so according to corroborated reports. so i think we are looking at a situation where if they ever got a nuclear weapon, the world would shudder and that's why president trump very clearly disallowed that from happening, and if you want just one reason to think positively about this president, it's that he turned that spigot off. it doesn't mean we don't have instability to contain, but it does mean that we are looking straight into the teeth of the problem and we're not avoiding it. neil: secretary, always a pleasure. thank you for joining us. thank you for your service to this country. robert charles, former bush 43 assistant secretary of state. a lot more coming up,

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neil: all right. good day for peloton shares. not necessarily a good week, as the company looks to recover from an ad that's been deemed

everything from chauvinistic to con se condescending. jackie deangelis on the controversy that goewon't go aw. jackie: the dow is up 343 today, peloton stock is up, but it had a pretty rough week. that was after this ad came out that you referenced. for those who don't know about it, it was a holiday ad, you had an actor husband giving an actor wife a peloton bike. she looks nervous, maybe a little miserable, she's really not sure what's going on and actually, she's quite thin. the backlash here that went viral was the fact that perhaps they're body shaming in some way and why should a husband be telling a wife she needs to lose weight and is that what he was telling her? a lot of different questions and you know how social media can be with these kind of things. the actor, the husband, in the ad, he had a response to this. his name is sean hunter. he printed on his instagram kind of a letter to everybody explaining how he feels.

it was quite lengthy. three paragraphs. he says my five seconds of air time created an array of malicious feedback that is all associated with my face. he goes on to say i currently sit here hoping that i will be able to continue auditioning for commercials without any taint. he describes his experience and he says basically it started well, he thought he was doing a good thing in the ad, and it ended up having this bad backlash. but somehow, sean hunter makes it all about him and what's going to happen to him when online, of course, the users are talking about the bike and the experience and whether or not people will continue to buy pelotons and if it's just a fad or not. interesting, because somebody earlier said this is the best thing peloton could have done for itself. what's happening here? you've got people talking about it. yes, the stock did take a hit on the week but we'll see if it recovers. neil: that's a very good point. people are talking about it. we just did a segment on it. great job, jackie. thank you very, very much. meantime, stocks are rallying on this jobs report

that blew away all expectations, and trade optimism. larry kudlow, for example, telling stuart varney he's very optimistic a deal could be imminent and there are some voluntary measures on the part of the chinese to buy more soybeans and pork-related products as a sign of good faith. what to make of all this? bank rate senior economic analyst mark hamrich. he sees no signs of an immediate recession at the very least. so nothing to disrupt this for the time being? >> not until something happens that we don't expect which will likely happen. but you know, i think about the fact that here we are sitting in the month of december and it was a year ago almost that the market was careening sharply lower, and to the extent that we cannot predict the future very well, think about how the following year unfolded. we were looking then at the possibility of two to four interest rate hikes in 2019. guess what happened? not that. and i think we do probably have our nation's central bank among others to thank for the rally that has ensued. neil: i'm wondering what you think the federal reserve does

now. they are in an ideal position, certainly not tempted to raise rates in this environment. probably not too keen on cutting them. so they can just sort of chill for awhile, right? >> to the extent that, you know, they are ever off the hook. but of course, obviously we have a news conference with chairman powell this coming wednesday, and one of the interesting twists on that will be the summary of economic projections which we get every other meeting, as you know, and that will basically embody the hopes and aspirations of all fomc members for about the next three years, and that will give us an indication where they see rates going, but i think to your point, you were indicating something and i agree with, and that is i think the fed is comfortable with where monetary policy is right now, and that's because the story line really has not substantially changed. i think they will probably talk about the fact the employment outlook has improved somewhat. we have had two straight reports

here that were better than expected. they both included upward revisions from the previous two months but 2020 will bring its own unique challenges, no doubt. by the way, we just published our quarterly economist survey at bankrate and the consensus really there does continue to stick to the thesis that downside risks do predominate for the next 12 to 18 months but again, no imminent risk of recession. neil: what about for housing? with rates so low, i know we bumped around a little bit here, but you would think there would be more bang for the buck. >> well, the problem is that mortgage interest rates aren't the only variable that feeds into the equation of affordability. and we are coming off the series of years i think since 2012 or 2013 since we have had significant increases in home prices. yes, we have had a nice bump for the housing market since the fed did its thing and essentially bond market participants also set yields lower and that fed into basically a 100 basis point plus decline in mortgage interest rates. that has helped the housing

market. the housing market's now contributing to gdp. but that is not going to lift all boats, and you know, we have been in the low interest rate environment for the better part of a decade now. neil: you're right about that. the rate shock effect is gone. thank you, mark. have a great weekend. >> you, too, neil. thank you. neil: all right. the president will have a pow-wow at the white house with small business leaders and the rest to tout cutting red tape, getting regulations out of the way. if you think about it, that's what really got this souped-up economy and the recovery going. we were already in recovery but that really super-started it. that was before the tax cuts. no doubt the president will remind people that that is something he hopes to see continue. meantime, we are also waiting on a news conference at the naval air station pensacola deadly shooting. the suspect was apparently a saudi national aviation student. governor ron desantis among others expected at the news conference. after this. to the outside world, you look good,

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neil: well, president trump is set to hold a roundtable event to tout regulation rollbacks. to blake burman at the white house with more on that. hey, blake. reporter: the president and the white house have often said it's a deregulation effort that has been if not as important as the tax cuts, potentially even more important than the tax cuts that the white house has instituted and today, just in about the next 15, 20 minutes here, they are going to highlight that with a presidential roundtable. here are the numbers that you will likely hear the president tout, as the white house says since the start of the trump presidency, federal agencies have taken 392 deregulatory actions. they say for every one new regulation, more than seven have been rolled back. they put the savings at some $50 billion in regulatory costs and say that $3100 have been saved per household. now, larry kudlow this morning was touting how this has had an

impact on business, but i challenged him there on that final figure, neil, how the deregulatory efforts have made their way into individual bank accounts. listen here to his response. >> look, if you're running a business and your cost structure is slashed, you're going to take home more money, profits. maybe we will have a little economic therapy session some time. i will walk you through marginal costs, marginal revenues, marginal profits. this is not the time. reporter: so i might be getting an economic therapy session at some point here soon. but the bottom line for this white house is they say deregulatory efforts have been a boon for business and we are going to hear the president tout that here shortly. neil? neil: he talked down to you, young man. reporter: he did. neil: no one does that to blake burman. not on my watch. reporter: we had a little back-and-forth there. i guess i need a therapy session.

but that's the question, neil, right? like 3100 bucks to the average household, has it made its way into the bank? he says small businesses, you heard what he said there. neil: yeah. reporter: you got my back. i know you got my back, neil. neil: well, not really. but i didn't like that, blake. i didn't like that at all. good questioning nevertheless, as is always the case. then there's "making money" host charles payne. he will be covering this very event in the next hour. think about it, charles. you and i were talking about this when the administration first kicked off with this deregulation deal, that was the precursor to the tax cuts and probably for corporate america, had an immediate bang for the buck. charles: it really did. you know, these things are really very difficult to quantify, but what we do know is immediately, the day after president trump was elected, the market rocketed. we saw sentiment among home builders shoot up. we saw a whole lot of things. small business sentiment, by the way, was the very first

indicator that something was different, that the animal spirits were unlocked and i think it's coming to fruition. so you get the excitement going first, and i tell people all the time, a large part of economic success is self-fulfilling. you've got to believe it's going to happen, then that helps you to make it happen, and i think that was unleashed on the first day. neil: i always wonder, though, can we check these figures? i'm not doubting you, but $50 million in savings, you know, for every regulation removing seven, et cetera, et cetera, is there an arbiter on this stuff to keep track of this? charles: honestly, perhaps the best person on this might be douglas aiken, if you want a guest on this. the work they do on this every single day, they go through the books because, you know, i think if you were to put this book together, the regulatory book, it would be a seven-story building. so i read his reports every morning. i don't understand them. like blake, i will be taking some therapy and educational sessions but really, they get

into the weeds with it but he's the best when it comes to actually saying what the impact has been. i think if you look anecdotally this morning, the jobs report is a sign of what the results have been. higher wages, higher stock market, better consumer sentiment. those are the things i think -- by the way, home ownership now to highest level since the first quarter of 2014. so almost every key economic needle has moved in the right direction. neil: you know, on the jobs report and everything else, this is more a political question so indulge me, charles, i would imagine it takes some of the fervor out of the impeachment vote, especially given the fact that average americans who aren't really into the nuances of ukraine, what the president said or did, whether it looked bad or was bad enough to impeach him, they are looking at the economy, they are looking at job gains, consumer sentiment, gaining a multi-month high. they are looking at that. how do you think this all plays out? charles: i think you are 1,000% right. particularly consumer sentiment.

the report out today, 1% of respondents mentioned impeachment. 1%. i will say that there is a divide amongst like the feeling of the economy that is so dramatic under president trump, over 40% spread between republicans and democrats on how they feel about the economy. it was only 8% under obama. so you know, the frustration with president trump, the man, i think hurts the economy in the sense that the people who won't acknowledge it's doing well, maybe won't spend as much. impeachment at 1%, that's not resonating at all. neil: especially when it got up to high double digits with richard nixon. eventually close to 85%. when all was said and done. thank you very much, charles. look forward to your show in about 15 minutes. we are awaiting a news conference on this naval air station deadly shooting going on in pensacola. the president we are told has been briefed on this entire development and the white house is monitoring the situation. stay with us. (chime)

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i said back in 2016, he is the wrong person for the job, he doesn't have the temperament or the ethics, the intellect to do the job, and i watched and i said we just can't have another four years of this, and then i watched all the candidates and i just thought to myself donald trump would eat them up. neil: all right. you know that's the former new york mayor, multi-billionaire mike bloomberg wasting no time declaring himself to be the best option to take on president trump, the others would just be eaten up taking on donald trump. let's get the read from the daily caller editorial director. it's not surprising that every candidate posits him or herself as the candidate to beat the incumbent, but his argument is i

know what i'm doing, i've got the business acumen, the political skill set, i have been there through big national disasters, i can do this. what do you think? >> yeah. the irony of course with all these good jobs numbers and good economic numbers, he's probably the person who has benefited the most out of that entire democratic field from the trump economy. he's made a lot of money during this period. yeah, he does say that he is the best in that field. obviously, that's the kind of thing that the rest of the field is going to take umbragewith. elizabeth warren attacking him for his billionaire status saying he could basically buy this race and this is yet another arrow in her quiver to go after him, because he's being so dismissive of the rest of the candidates in this field, saying they will be eaten alive by donald trump, and he is the only one who can deliver. we'll see. right now, as far as name i.d., it goes joe biden and then i think mike bloomberg. bloomberg has got the news organizations, he's got his financial presence, his charitable giving, he was new york mayor for three terms. he's a known quantity in the

united states. i think right now, his polling around 5%, is basically a product of his name i.d. and blanketing the air waves. i would be surprised if he can make it super-high in that race, though. neil: know what i wonder? you always get a little taken aback when someone essentially calls someone else dumb, as he was saying of donald trump, he was dumb enough to orchestrate or at least lead this economic recovery, you could talk about the tweets and everything else but you can't deny the success that he's had for the economy and the markets. now, whether that's all the president's doing, we certainly blame presidents if they are not going that way. look at jimmy carter, look at george bush senior. do you think that comes across as just a tad arrogant? >> i think bloomberg's candidacy is defined by arrogance. i think that's something he will have to get over but he will have trouble doing, because i think there's something about bloomberg's candidacy for every single voter to hate, whether you are on the left or the right. i mean, if you are a democrat you look back at him as a republican, say that's totally

phony, you were republican before or you support stop-and-frisk or you are for big finance or got totally rich off the finance economy. if you are a conservative, a republican, you see him as an authoritarian, as an arrogant guy who is going to come along and tell you how to live your life, and if there's anything that americans hate, it's politicians coming in and telling them what size soda they should be able to drink, what size anything they should be able to have, and i think that is going to dog his candidacy to the point that i'm not yet taking him very seriously. neil: you know, i'm also looking at the calendar on impeachment, a separate issue, but if you think about it, if they hold this, the house wants to maybe get a vote going i think the weekend before christmas. and i'm thinking of the average american watching this all play out, whether they are fans of the president or not, couldn't that risk boomeranging on democrats, especially given that timing? >> well, completely, and actually, i think the timing is an indicator of democrats' fear of how damaging this could be.

if nancy pelosi really thought the president was in an impeachable position based on the fact set, she could have stretched this thing out into next year. she could have subpoenaed more people. she could have sent a subpoena to rudy giuliani, attempted to get more witnesses into the united states house. but instead, what we are seeing is a rushed impeachment timetable. they want to get it done before christmas and they are even thinking about including old stuff as articles of impeachment. if you include stuff from the mueller report as an article of impeachment, that suggests your case right now is not strong enough on its own. neil: so that married with the good economic news, now, this is just one report, but it shocked a lot of people, even allowing for the gm workers returning after the strike, as much stronger than expected and given the consumer sentiment figures still at multi-month highs, some retail sales that are picking up, individual store chains that are seeing double digit advances, online sales seem to show a robust consumer which would probably indicate an optimistic one, that's an interesting backdrop. >> i think you might wonder if

it's not on purpose. the idea that the impeachment itself is meant to distract from the fact that democrats can't take credit for any of the numbers you just put out. i mean, impeachment is a way to take the political, america's political eye off the ball, because if they weren't pursuing throwing the president out of office right now, the overwhelming political story would be this president has succeeded, the economy is looking really good, and you are better off than you were four years ago. so why get rid of him. neil: well, so you buy the argument, i'm not saying buying it, you know, you accept it, that democrats in their zeal to say we are running against an impeached president, wouldn't go any further than the house, obviously, i can't imagine, you know, concluding in the senate, that they want to run on that because they think that would be attractive and they would score political points on that. what do you think of that? >> i would be surprised if nancy pelosi thinks of this as an asset at this point. if she did, again, i think she

would stretch this into the new year. i think what she sees right now is the momentum has completely gotten away from her. my view is that nancy pelosi is basically in a hostage crisis. she was practically blinking in morse code this week trying to get out of that because the base in her party has compelled her to go in that direction. if she backs off now, boy, democrats will be deflated like you have never seen. neil: we will watch it closely. vince, good seeing you again. have a great weekend. let's take a look at the corner of wall and broad right now, where the dow is still up about 332 points. the market averages which started out the week in horrific fashion, but now the s&p, for example, has turned positive on what was very negative week. so anything can happen in the next couple hours. for now, they are buying. after this. for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity.

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