tv Cavuto Coast to Coast FOX Business December 10, 2019 12:00pm-2:00pm EST
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report that there may be delay in the tariffs that sent the market down. that's where we are now. dow jones average is down 7 points, it's being up and down all day, no major rally and no major loss thus far, neil cavuto, it's yours. neil: you missed the biggest story and biggest chat. i thought he had a great sense of humor. he was the signature interview of the week, the month, i tell you, very funny stuff. stuart: are you serious? neil: i loved it. that gets to the core in the silliness of our society. stuart: well said. neil: that doesn't mean i'm getting a peleton bike unless i can hang laundry on it. we are looking out of the things that stuart just outlined, long way from dotting the i's and crossing the t's on that, the
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bigger worry the back and forth right now on china and whether we really are going to remove those tariffs at $165 billion worth of goods from china that are supposed to take effect on december 15th, now, again, we've gotten mix reads out of that so we really don't know for sure but just a hint of that, it was coming coming from china that they were optimistic that that would be the case, we don't know where the president stands on this, all of this on the same day we had democrats announcing arms -- articles of impeachment against the president of the united states. edward lawrence sorting out with the markets, sir. >> watching what you're saying, neil, with the announcement from nancy pelosi and heads of 8 committees that negotiate on the democrats side, they were trying to take credit here for usmca, at one point in the news conference house speaker says thousand anonstarter deal that she got and turned into a deal
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that's good standard for all trade deals across the board, the white house pushing back on the point, wait a minute, senior white house official saying this is basically the same agreement just with tweaks to it that democrats wanted to see inside of this agreement, now president donald trump tweeting about this not too long ago, he says, quote, looking like very good democratic support for usmca that would be great for our country, there it is, regardless of the process of how we got here with the house speaker, it wasn't easy, richard neil says it wasn't pretty either. >> these were intense argumentative, angry negotiations. i mean, this got really hot on a number of occasions. i think we set a world record for hanging up on each other myself and the trade rep. [laughter] >> but at the same time we also knew that this was an opportunity that we couldn't let get away from us. >> so i asked if this was
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originally signed more than a year ago why did it take so long to get to this point and finish the negotiations and the house speaker says the answer is that it takes time, it takes a long time when they get a trade agreement that's a nonstarter but now you have both sides claiming victory, house ways and means committee chairman says he will let members review the language but he doesn't see any road blocks possibly a vote hinting next week, there could also be a signing in méxico today between the 3 countries related with this, now méxico will have to reratify this agreement and canada will have to restart process and have new legislative bill on this ratification because if a new legislator there, looking for house vote possibly next week, on china quickly, neil, december 15th tariffs still on the table, economic adviser kudlow still going forward with those unless the president decides differently, the president is wait to go see my trade sources saying if china is going to make a gesture or do
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something, get close to phase 1 deal or actually have the deal on paper for those tariffs not to go into effect on sunday, thank you. >> i understand from that that if the chinese, open to do that sort of thing but roll back tariffs, whatever you're looking at is we would buy in agricultural items? >> right, we are looking at the chicken and the egg, china said, wait a minute, you've agree today this, once you announced that we will go forward with more, the u.s. saying, wait a minute, we want to see something in order to get to that, we will have to see if this log jam can be fixed. neil: i see that you did there, those are agricultural items, brilliant. >> that's right. neil: edward lawrence and we have jon hilsenrath, jon, it's interesting that we got news of the usmca deal or that they are close to signing off on it, and
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markets much more concerned with china, what do you think? >> well, i mean, china is a hugely important trade partner, so i could understand why the market would see this as a mixed bag, you know, my big take away from having a usmca deal on the same day as uncertainty about china is ironically méxico comes out as big winner because we talk so much about certainty, how business wants certainty, if they can lock down a new trade pack with méxico and canada and business has certainty about what our trade relationship is going to look like with them, you might end up getting more investment in places like méxico and less investment in a place like china where frankly no matter what happens with the chinese, we have years and years and years of uncertainty ahead of us on how we will manage our
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economic relationship with the chinese. neil: what do you think happens, jon, we don't have a deal, the tariffs go into effect, the talk and rumors just on the promise of promising talks so to speak, the president would push those back, what if that doesn't happen? >> we don't know what's going to happen, i mean, you know, the journalists has reported today that it looks like we are going to push back those tariffs and then literally within an hour jared kushner is speaking at our own conference at the wall street journal ceo conference saying, oh, no, we might still do it, so you know, a lot of this is just, you know, the president kind of playing this negotiation until the very last minute not wanting to give up any leverage but, you know, i think the big picture for people to understand is that even if we delay the december 15th tariffs, even if there's some announcement of a phase 1 deal, you know, in which the chinese
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buy more american agricultural goods, the u.s. china trade relation is going to be in a state of flux and state of conflict for years ahead, there's still a lot that won't be agree today no matter what happens by december 15th. neil: you pointed out, look at all the u.s. companies that have made all plans and shifted a lot of the production and market focus away from china throughout this whole thing. >> well, this is exactly what i'm saying, let's say you're some american manufacturer and make a choice right now, do i put -- do i reinvest in some plant in china where i don't know what's going to happen in this relationship over the next 10 years or do i go to méxico where, you know, maybe cost of labor is a little bit higher but locked down into an agreement, i think you -- there's a lot weighing towards going with the certainty even if you have a
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slightly higher cost. neil: well said, jon, always catching up with you, thank you very much. speaker nancy pelosi as we were touching on usmca deal, remember, they have to go to respective countries méxico and canada, sort of iron out whatever the final issues so it's never done until it's done, but all of this under the same day we have two articles of impeachment, this was not coincidental, elena, it's interesting that they chose this day to remind americans when they're looking at impeaching the president or at least drafting articles of that effect that they can walk and chew gum at the same time? >> exactly, speaker pelosi knew exactly what she was doing by positioning the two major announcements not only within the same day but within the same hour, this is really providing cover for a lot of those centrist more moderate democrats in the caucus who need to go
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back home over recess and deliver some type of win to constituents especially given a lot of people back home in some of these trump-won districts in 2016 are not really for impeachment, so this is very intentional on the speaker's part and they're going to be running with this as cover for some of that impeachment fire that they'll probably be getting from the right, they are getting from the right. neil: were you surprise when said and done they narrowed to two articles of impeachment, it struck me as a little bit of a surprising, bribery wasn't in that, all that, that was an intellectual part -- integral parts of the hearing. >> and what i've been told from my sources is that the speaker initially said we can think about this and bring this up during that public impeachment hearing in the judiciary committee last week but they ultimately decided not to run
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ahead with obstruction of justice charge using the evidence compiled in robert mueller's russian report because they don't think that there's enough going there and they want to focus it on ukraine, this has also push a lot of the more centrist democrats and more moderate districts, we are pushing back against, they are wanting to keep focus on ukraine and not bring russia in order to muddy the waters here. neil: elena, thank you very much, elena on axios. >> thanks, neil. neil: a lot of folks letting the treatment they need go way, way down, it's simply out of the ballpark for them. it's the issue that democrats say republicans are ignoring, but are democrats ignoring it too? after this. sign, scan, recycle, walk, email yourself... really?
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neil: all right, obamacare, affordable care act before supreme court, a lot of private insurers are looking to get paid by the federal government and they say they haven't, mark meredith has been following this very closely, what are we looking at, mark? >> handful of insurance companies are suing the federal government, claiming that taxpayers owe them a lot of money after they offered obamacare plans under something known as the risk corridor program, this was a program that limited the amount of money some health insurance providers could lose during the first years of obamacare back when they were selling coverage, at the time of the obama administration was trying to get more insurance companies to jump into the exchanges, that's why they offered this program, in 2014, though, congress removed most of the funding for the program and insurance companies they still kept up their end of the deal, that's why they are now suing
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arguing taxpayers owe them billions to cover tax tide to cover sicker americans, we heard from the association for community health plans and they say they would support insurance providers, absurd to ask health plans or anyone else doing business with the united states government to price in the notion that congress would renege on a win, but the federal government is pushing back too saying congress made the choice to stop funding the program and that taxpayers do not owe the companies anything, in its filing with the supreme court which as you mentioned, neil, heard the case this morning, solicitor general wrote, quote, under well settled law neither congress nor hhs made any contractual commitments to make payments congress appropriated. while we wait to see what the courts decide and cases they are challenging obamacare's legality after congress removed mandate and that case could end up in supreme court next year, obamacare still in place, open enrollment for 2020 is going on
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right now and expected to wrap up on sunday. neil: thank you very much, this comes when a third of american households are actually delaying health care because it simply cost too much, fox news medical correspondent dr. mark siegel on that phenomena, it's picking up steam, isn't it? >> getting close to 20% of gdp, why, a lot of hidden costs, you and i were talking about it. a lot of that's been blocked in the courts. i want to know what the hospital is charging the insurance company, i want to know negotiated cost is and i want to know how it got there, i like the idea that the trump administration has brought in more generic approved drugs before because i want competition and i want choice, choice and competition will drive prices down.
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neil: they don't have to get to penny, here is the range of the type of mri i'm looking at for you or the scan, special procedure i'm doing, but they don't even do that? >> because it's variable, they don't want the truth to come out, they don't want patients to see an mri cost 1200 and 700 somewhere, they ma i-- may go shopping across down. can you imagine saying, wait a minute, i don't want that monitor, you're short of breath. neil: it is an interesting issue because it's happening all over again, that was signature reason why democrats gained the house because they took advantage of this view that republicans were slow addressing how big an issue this was, what do you think health care factors out to be as an issue in this election? >> neil, i don't actually agree with the point that democrats are making because i think obamacare added so much
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bureaucracy to the system in the doctor's office, the electronic health records that i have to deal with is so cumbersome, it was supposed to save money, increasing the amount of time, we don't have the teams in place that we need to really deal with the healthcare problems, there's a growing number of nurse pray tickers in and physician's assistants for sure but quality is in jeopardy because -- neil: medicare for all, i talked to a lot of private practitioners, i will shut down my office if that's the case? >> huge disaster, waiting lines, hospitals make a lot less so you won't have the research you're seeing now, you won't have medical schools doing as well as they are doing now, doctors paid 40% less, that's replacing one bureaucracy with another one that's worse, we need to address the current bureaucracy due to all of the cumbersome aspects by returning market forces to the healthcare system. expand health savings accounts,
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neil, if i want to buy an elective health product, why shouldn't i be do it out of tax deductible savings account, why is everything has to be insurance? neil: another issue trying to look young in a tune of the million dollars, what do you think of that? >> i think we are not there yet. i think that antiaging, doing more exercise, eating plant-based diets, lower calories. neil: any way to avoid any of those 3? >> no. i know you like napoleons. neil: the irishmen like those
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making younger. >> i heard pacino had to get out of his chair faster and work on his voice. decreases inflammation in the body, decreases and helps insulin work better, that shows signs of antiaging properties, another that we use for organ transplants to slow down the immune response is keeping animals alive longer and decreases risks of certain cancer and neurodegenerative diseases, i like those medications, turns on the genes that decrease aging, there are 3 drugs out there that need to be studied further and they are. so it's not complete poppy cop. neil: various organs in our body have the ability to push it well past 100. it's all together where something falls apart, do you
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think it would be common in years time that people -- the vast majority of people will live well over 100? >> absolute i, i think we are back towards that, the treatments we have are unbelievable, even antibiotics we didn't have, that's where people died of infections 100 years ago that are now being saved. with all the treatments that we have and all the great health care that we have and if we would exercise and eat right we will live over 100. neil: you keep coming back to exercise and eating right, there must be shortcuts to that? >> i'm sorry, you look great, you're going to 100 for sure. neil: thank you very much, my friend, the guy is brilliant, he gets it, in the meantime wild year for netflix stock right now and now concerns despite all the money it's pouring into programming and getting all the golden globes and other nominations it's not enough, it's going to lose customers, so the stock is under pressure, i
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no more cartridges. incredible amount of ink. the epson ecotank. just fill and chill. neil: netflix days could be numbered, have cut rating on concerns they will lose subscribers, it's not quite that simple but susanly -- susan li has major concerns. >> fourth wall street firm to cut rating on netflix just in the last 2 months or so and they are slapping underperformed on the rating and expecting and forecasting that netflix must be losing around 4 million of their premium u.s. subscribers and why, well, there's a lot of competition coming online, especially in the new year and as you see we do have netflix, they have 158 paying subscribers
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around the world, that's over 60 million here in the u.s., 5 of those being -- 5 million of those being free trial customers right now, but, you know, for the first time in 8 years they had lose subscribers and so here is a look at the competition because we have apple tv plus up and running already at 499 a month, and then you have also amazon charging 12.99 a month and hulu which give you a variety of packages, you can go to $5 to $55 if you want the live tv package which is kind of pricey because it went up 10 bucks in the past month, next year hbo maximum coming up as well, that's why people are concerned about netflix's business model going forward, you to spend to keep people to watch, eyeballs on the channel and we know that netflix has been spending a ton, 13 billion last year and 15 billion this
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year and paying off when it comes to award and categories because they just scored 34 golden globe nominations, surpassing everybody else, the irishmen, 160 million-dollar budget there, 5 golden globe nominations, marriage story, the crown and the like, but i have to say, neil, as i told you before, i would love to have some of the irishmen forever, if possible. >> you're a child, what are you talking about. sorry, mr. calf -- mr. cavuto, not going to happen. robert de niro was bypassed in the nominations, that was a little weird, get your last-minute gifts by old navy, deliver the exact same day, the new partnership that's trying to make it happen after this
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for this free service, go to healthmarkets.com or call right now. your insurance marketplace healthmarkets the enrollment deadline's this sunday! call healthmarkets to see if you qualify for $0 premiums. call the number on your screen now. neil: all right, security software reportedly eyeing merger with consumer software life can have lock, seems to make sense on paper, will it ever come to muster, gerri willis in the new york stock exchange with that and much more, hey, gerri. >> antivirus software mcafee,
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you remember them, owned by intel and two private equity firms, and it has been a record year for mergers, some $2.49 billion worth of deals have been secured internationally since the beginning of the year, now the biggest of these bristle meyer, $85.4 billion and this today old navy is tapping post mates for same day delivery, december 21st, to december 23rd, retailer, owner gap would be spun next year as separate public company has been struggling with shares, gap shares alone down 36% this year. neil: people want things immediately.
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like now. all right. [laughter] >> yesterday. right. neil: man oh, man, gerri willis, while usmca deal has been reached we have been told, is it a deal that businesses want, this is a redone nafta that started with the president, gosh, year and a half ago, trade works have been launching ads and pushing for the deal, cochair phil cox on the message behind the ad, phil, good to have you, first before i get into the message and what you want to see, are you happy with what you hear, what democrats have done to make this better? >> we are very pleased, neil, we will be celebrating the rarest of things in washington, d.c. which is a true bipartisan accomplishment. i believe this is a win certainly for president trump and the administration who provided great leadership and renegotiating a 25-year-old agreement and nafta, it's a win for house democrats that can demonstrate that they can actually govern, but most
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importantly it's a win for american workers and it's good for the u.s. economy. neil: you know, the president tweeted out something to the effect, i don't have it right in front of me, it would generate 365,000 jobs, do you know over what period that's supposed to be? >> well, the itc report which is a nonpartisan organization scored essentially -- essentially scored the trade deal and said it would create 176,000 new jobs over a period of time probably 5 to 10 years, i think that's the low end, though, i think we could see as many as half a million jobs created, look, this is a win if you're in the agricultural sector, auto sector, if you're in manufacturing, this is a win for you. neil: you know, you're the expert. i read the prompter -- [laughter] neil: this is more meaningful because these are neighbors, collectively we do a lot of business with them and it is open the door to u.s. jobs,
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spurs our economy here and keeps the economy going saying nothing of what it could mean to méxico and canada, that's a win, win, win referring to those three countries, what do you think? >> i think it is, we need to get the house in order in north america, i think the ancillary effect of the agreement it gives the president more leverage as he continues to negotiate for better trade deals with china and the eu and other bilateral deals around the country. neil: were you surprised democrats gather today didn't give him any credit and played the role of fixing it and making it better, he was the one with great controversy, the whole nafta thing i'm ripping it up and starting from scratch, i know politics is politics, wasn't coincidence on the days they are looking at articles of impeachment, i understand both sides play the game, this was a little bit over the top, don't you think? >> well, look i'm just happy that they were able to put the
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partisanship aside for enough time -- neil: absolutely. >> to get a win for american workers and i think that's really what we have here, there are 14 million jobs tied to trade in north america and so we needed to get this deal done and so there's been a lot of leadership on both sides, ambassador lighthizer and the president and chairman neil and some of the leadership on the hill, as you pointed out it's a win, win, most importantly it's a win for american workers. neil: it shouldn't matter who gets the credit but you sure as hell try to get the credit, we will see what happens, thank you very much, i know that you have been working for this a long time. >> thank you. neil: the clock ticking right now if you want to get the rolex by brando it's going to cost
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neil: all right, want to keep you in suspense of brando's watch set to go at least a million dollars for the watch, at least. lauren. lauren: i will put down your credit card, mr. cavuto. this right here is marilyn brando's rolex, the filmmaker said you can't wear that while playing the role, what he did he removed and hand engraved and this is expected to fetch perhaps $7 million, i mean, i'm sorry $1 million, 7 figures, neil, the strap is rubber, it's kind of crazy but it's a piece
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of art that i'm touching now, a position of history and i'm joined by paul and you have a fancy watch, which one is that? >> the rolex worn by jack nicklaus for 50 years, given to him by rolex in 1967, one of the most important rolexes watches in the world. we are thrilled to offer it. lauren: what is it about watches that can get big price tags? >> for men it's appealing because men wear little accessories or jewelry and men love mechanics and mechanical items and watches are fascinating to them. lauren: it's interesting being here, tons of people coming in throughout the day, the online bidding part of the auction has started and live bidding right here behind us tonight and then
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tomorrow -- later tonight we will find out how much these game-changing watches really go for, neil, back to you. neil: all right, i want a watch, i wonder who will buy that, someone will. all right, lauren, thank you very much. meanwhile the super rich, the type that would buy something like that, they are hedging against markets and economy, apparently good many are buying something not like a watch, they are behind gold, etf president sean ohrara. what's happening? >> hi, neil, thanks for having me. gold from perspective is not the right way to look at things. hedge against currencies, but if you think about it, they tell the story about $20 in gold, 80 plus years ago would work with 20-dollar gold piece would be
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worth 1460 and it would be worth over $8,000, it's okay for people to have a part of their portfolio in gold but if you're a long-term investor it has not kept up very well with the stock market. neil: you know, it's interesting because a lot of people get the nose pleady feely with the stock market today not with near records, the gold is part of that, should it be a big part, how do you kind of break it down for folks? >> you know, i don't think it should be a big part, there's other ways to hedge against the markets, i think it should be part of a portfolio but i don't think it's a good, like i said earlier long-term investment thesis, what's interesting now is that the stock market is going up at the same time as gold is going up and normally they tend to go in different directions, i think there's a
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lot of fear in the markets, i think we've been in a long-term bull market and i think people are starting to ask themselves when will this market end but i would caution people that getting out too soon or calling the end too soon can be costly as well, we have done a study here and the average return from the peak of market back one year is over 33%, so just because a market long in the tooth doesn't mean you can't continue and exiting too early can cost you quite a bit over time. neil: you know, what are your thoughts on this market in general, we talk about a 10-plus year bull market, 10 plus year recovery, you heard all of that gazillion times. so how do you advice people? >> well, it's kind of funny, this might have been or might be the most hated bull market in
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history. neil: right. >> in '09 who haven't come back, the way i look at the market is there's short-term noise, trade deal, yes, trade deal, no. fed policy, where that's going, but long-term the markets base on fundamentals, the expectation is $183 in earnings for the s&p 500 which would mean that, you know, 20 times that number you'd be 3600, 1900 times, 3500 or 3400 in change, that's above where we are, the economy is strong, interest rates are low, people are working, wages are growing, and so i think all energy prices are low, all of those things are good solid positive inputs, i don't, by the way if we were talking 3 or 4 months ago all we would have been talking about all day long is recession and suddenly that has evaporated as well in economic news. i think it's okay to be cautious and have little gold in
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portfolio but if you look at fundamentals and you study all of the data that goes along with that, i don't think we are at the top of the market yet, you know, all bull markets end in euphoria and we are not in a euphoric state right now. neil: a lot of people just still aren't buying, that's a good contrary indicater, sean, always good, thank you very much, my friend. >> thank you for having me. >> well, the president is about to take victory lap when he heads to hershey, pennsylvania, mr. president, try the chocolate .
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neil: the president might be setting sights once again on at&t and cnn, charlie gasparino, the latest on that. >> hey, this is like -- there are various flashpoints in the relationship between cnn, which is at&t owns cnn. neil: right, right. >> flashpoints between the trump administration, dysfunctional relationship between the two parties, this is maybe one of them and i'm picking this up from outside advisers to trump who know -- who say that the president's inside advisers and even himself are really annoyed that at&t apparently turned over, not apparently, some press on this, turned over without giving the heads up all the phone records of rudy giuliani, trump's lawyer involved in ukraine -- neil: right, right. >> to congressional committees that are investigating this for impeachment, they wanted and rudy -- rudy has been public about this, if they would have
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given heads up he could have tied it up in court, instead they gave over the phone records. neil: at&t had to? >> they got a subpoena. theoretically i think this is what would have happened, they would have tied it up in court, they would have gone through another court to prevent it from happening, at least that's what people are -- neil: phone records wouldn't include who he was calling. >> right.anyway, whatever it is that they got it's annoyed the people in the trump administration and what we do hear trump is in the past called for boycotts, call for another boycott, most vulnerable on direct tv subsidiary, satellite cable, satellite tv provider of content which is people are like
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cutting the cord on this thing or cutting the satellite cord left and right, it's not doing very well. neil: rumors considering selling. >> well, they were thinking of doing it, approached by outside parties, what i do know now, that's where people are setting you want to get at at&t and screw with them from a business standpoint, go to direct tv, trump has done this in the past and right now direct tv is pretty vulnerable losing subscribers, it's a trouble -- neil: should a president do that? >> now that's a whole other story, you know, you're asking my opinion, i don't think so, but, you know -- neil: no laws against this. >> no laws against this. we think this is a horrible company, we think they don't do the right thing, we think cnn is pathetically bad, i think all my supporters should boycott it, i don't think there's a law against that.
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it's horrible to do that, take it out on the company -- neil: where do you think this is going? >> you know, i don't know. it's too early to tell, i do know -- it may just pass. some of the stuff with trump, you know, comes in one ear and out the other and reacts and then it dies out, this might just pass because he has bigger fish to fry, but percolating behind the scenes, i know this because i spoke with people yesterday and today about it, it's clearly in the white house about how do we -- do we go after them, sometimes it just takes one guy, you know, to whisper in trump's ear, i think you should do a tweet and he does a tweet and, you know, then it all picks up. by the way, that's the way he would do it, i think my supporters should boycott every at&t product, fascinating thing is that as much as he doesn't like cnn for political coverage, the guys running at&t are
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republican, by the way, at&t is a dallas-base company. i have a lot of sources in dallas, those guys are not exact ly -- part of the whole activist investor, remember trump tweeted about activist investor too. neil: yes, but also has to respond to amazon, jeff bezos claiming that they were forced out of the military deal that went to microsoft, the cloud deal. i'm just wondering whether the dots you can connect here. >> yeah, i just wonder if it matters. neil: the reason i mention bezos because he owns the washington post. >> this is what he does, there's no doubt that he plays hardball in ways that, listen, is it that much different, though, than the obama irs going after conservative groups? neil: yeah, very different. >> it's different but it's still using the office as a -- as a
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sort of hammer against political opponents, you know, so i mean, that's what the -- neil: does that hit the stock or stock under pressure regardless? >> if he called for a boycott and it had some real teeth, it could hit at&t stock particularly on direct tv, that's a troubled property, if they lost, if they, you know, lost many more subscribers than they are losing now, uptick in that, that would be really problematic for this, no doubt about that. neil: thank you, my friend, good to see you. >> you too. neil: okay. by the way, did you see who is playing you? neil: yes, i did. >> i wish someone would play me. i'm not important enough. neil: i'm just saying. >> pj burn. [laughter] neil: always a risk being here.
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[laughter] neil: i don't know how well you know the white house but across the street is the chamber of commerce and they had policy relationship that's the chamber with the white house, they might as well be like ions away from one another, why is that the case or is it much to do about nothing? we thought we'd ask the chamber of commerce president tom donohugh, he's up next (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪
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we came a long way from what he originally proposed, what he originally proposed, and there are some people who said why make it look like he has a victory. well, we are declaring victory for the american worker and what is in this agreement. >> they are going to try and shape the message and they are going to try and spin it but the fact is the president worked on this deal and i'm glad she finally decided to move forward and support it. in fact, i just saw on twitter
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the afl-cio came out and endorsed the plan as well. this is going to help everybody. neil: all right. no matter what side of the fence you're on, it is proof that now and then lightning strikes and washington can walk, talk and chew gum at the same time. the view the white house had is the democrats were stuck on the impeachment process and not helping with this trade agreement that we have right now. we will be getting reaction from the chamber of commerce president tom donohue in a first on fox business interview, but i first want to go to blake burman. this concerns the deal we have with the canadians and mexicans, the so-called usmca deal that i guess democrats are arguing they made better? do we know much about it? reporter: yeah. i mean, it was part of the argument we heard up on capitol hill earlier today. democrats saying that they were the ones who essentially drove this to the finish line, as there were negotiations going back and forth between the white house, the u.s. trade
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representative's office and democrats up on capitol hill. the president as well was speaking to richard trumka yesterday morning. there was this give-and-take for awhile but this is the president's signature trade deal to date at least, but part of the message from democrats today was that they were the ones who changed the text and they were the ones that got it to this point, but the administration today is arguing well, this is something that we have been working on for more than a year now. it was interesting, because it wasn't like they were spiking the football with each other, like they were spiking the football at each other. skip the first sound bite if we can in the booth and get to the second one, please. i want to show you nancy pelosi and the vice president, mike pence, today just to drive home that point. watch. >> i mean, we only spent a year asking them to do it, but it's going to be a win. >> there is no question, of course, that this trade agreement is much better than nafta, but in terms of our work
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here, it is infinitely better than what was initially proposed by the administration. reporter: earlier this morning at the white house as we were starting to get the sense this thing would actually hit the finish line, i asked one official over here when exactly would this deal finalize, and the answer to me was quote, 13 months ago. that's really the feeling here, neil, they feel this had been just on the table there for quite some time, and that democrats were linking this to impeachment all along, as we saw today there was the impeachment announcement at 9:00, usmca at 10:00. democrats were asked about the timing and said look, we are just getting to the end of the session and that's why they say the timing played out in the manner that it did. neil? neil: do we know whether the president has to okay the changes or adjustments they made, whether he already has? reporter: yeah. so it's interesting because this has to officially be sent from the white house up on capitol
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hill and what they are hoping for, at least the administration is hoping for and really up on the hill as well, is there can be a vote by the end of potentially even next week, that this could be signed off in the house and it would eventually move to him. as far as the technicalities, how the is get dotted and the ts get crossed, i think that's what the ustr is for. they will have to work through some of that stuff, i'm sure. of course, mexico, canada are involved with this as well. neil: absolutely. all right. thank you, my friend, very much. blake burman on all that. markets kind of relieved this looks like a done deal. it's not done until it is done, but of course, the bigger concern with the market seems to be these tariffs that are fast approaching with china. we will slap about $165 billion on chinese goods that make their way into this country. they had been hoping overnight, the chinese are very keen and close to getting from the white house a pushback on this, i mean that in a good way, they would not take effect on the 15th, they would be delayed on the
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promise of constructive talks. that has not happened yet. they are keeping their proverbial powder dry. do these trade developments really dictate the course of these markets and maybe this election year, and the year to come? democrat strategist with us, trump 2020 legal adviser and delancey strategies chief strategist on the ongoing trade drama. jared, we talked about this many times, the idea wall street, as important as the usmca deal was and is, it's china that's the big one, isn't it? >> yeah, we had the usmca already baked in. let the democrats have their moment, let pelosi say whatever she wants. that's great. just get it passed. we expected it to move forward. so china is the big elephant in the room, obviously. a lot of us participants believe that an initial deal will be done and that that delay you spoke of coming on -- i should say the tariffs that are supposed to be set for the 15th should be delayed. if we don't get that delay,
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that's when we start to get really worried. i would anticipate sort of an 11th hour save and in other words, maybe friday, saturday, maybe even sunday we hear the white house announce yeah, we will delay the tariffs as talks are moving forward. but china certainly in full focus. i think now, if anybody has thought impeachment is going to take place or conviction was going to take place, that's not going to happen. get that out of the way and finish up with china like we need to do. neil: brad, the timing of this was interesting. because this announcement on usmca came little more than, what, an hour, hour and a half or so after democrats announced they were pursuing two articles of impeachment against the president. do you think this was democrats' way of saying yeah, we can walk and chew gum at the same time? >> oh, no doubt about it. this is obvious, the biggest question that's been asked of all democrats has been, you know, when are you going to do the people's work and that's been the biggest criticism because all everybody sees is impeachment, impeachment,
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impeachment. at the end of the day for the average citizen walking around, they don't see any benefit to that, of that to them. so there's no doubt in my mind that they are trying to now pursue an active role in, you know, in legislating like they are supposed to be doing. neil: you know, jenna, trump 2020 campaign, you think about it, the president will be heading out to pennsylvania, i believe hershey, pennsylvania tonight. he will continue a similar run to battleground states, very important states, like michigan, and no doubt this trade issue will be a big theme. what do you think? >> absolutely. you know, this is squarely a victory for president trump. for nancy pelosi and the democrats to continue to obstruct just over the last few months, then at the 11th hour to come in and somehow claim credit for the usmca when all they had to do was just bring it to a vote is laughable. this is the democrats knowing they are just so desperate for a win because they are losing the american public, losing the confidence in their party.
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even democrats that i talk to that are for clinton, what are they doing with this impeachment sham. so for nancy pelosi, an hour after their two very flimsy and sad articles of impeachment, then they come forward and try to take credit for this victory, it's ridiculous. everyone knows that president trump has been trying to push this through, has been asking and calling on congress and nancy pelosi specifically to bring this to the floor, so the 11th hour, you know, that's really really lame. neil: well, you know, fair and balanced here, but i wonder to her point and the collective point here, this does show cynically or not that stuff can get done and i'm wondering if this is a precursor to maybe a china deal getting done. that would be treated a little differently. i don't believe it would need formal congressional approval. where do you see the rest of this legislative term going? >> okay. so i agree with her, by the way, this is sort of like okay, i give up on the part of pelosi,
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like all right, this impeachment thing didn't work out, we've got to come out with our next best thing. i do -- you got to remember that people out there aren't rational. i'm talking about world leaders that are watching what's happening here in the u.s., they are watching the impeachment proceedings, maybe not speaking our language, maybe, you know, getting interpretations of what's happening from more liberal opinions or outlets, so once we close all this up, i believe it will be closed up and it will not end in a conviction, i think that does pave a quicker way forward for things getting done and i think hopefully, at that point, democrats have to acquiesce and say all right, we tried, we did our best to taint your campaign and do whatever we could for 2020, now we've got to move the ball forward or it's going to look like it's more our fault that things aren't getting done. so in a way, the short answer is yeah, i think the lafk ck of impeachment moving forward, what we saw from nancy pelosi today could lead to maybe some quicker pace in this china deal, and
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again, that's my opinion. hoping it happens. neil: all right. brad, i'm wondering now with the job gains that the president is envisioning, spelling out 365,000 new jobs, this as a way to keep the recovery going, that's obviously good for the country, do you think democrats fear it's going to be good for him? >> oh, yeah. well, everything right now is playing against the democrats, whether it is the jobs, the economy, you know, this new deal, you know, eventually i think china's going to get resolved and i'm sure the president will do his very best of making this the biggest win ever. he's the best at doing that. so i expect him to, his p.r. machine, meaning him and twitter, to just go wild on it. then this impeachment thing, i'm one of those people that was just mentioned, one of those democrats that says the impeachment is a bad thing politically for the democrats. i have spoken to a lot of people, a lot of people in those purple states, lot of people who know people in those purple
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states, and lot of people that are undecided, unaffiliated, and they don't know what the heck the impeachment is about or why it's going on, and when they turn on one of the tv channels, they are disgusted with what they are seeing. these are the people that are in the middle. these are the people that decide who's going to win and lose elections. i said it from day one as a democrat, this is bad for democrats and most of my democratic friends believe the same thing. politically this is a total disaster. neil: which would explain why they did try to get this usmca thing done, maybe to sort of pivot and posit at the same time. brad, final word. jenna, thank you. jared, thank you very much. you will be back in a little bit. we are getting snippets from the supreme court apparently taking on these private insurance companies that are complaining that under obamacare, they have not been paid and we are getting a read at least from some of the justices that they are sympathetic to their plight. they say about $12 million in claims have not been repaid or paid to them outright.
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neil: all right. consider this. drug manufacturers are spending more than $342 billion, that's a record, by the way, on mergers and acquisitions. this as the food and drug administration is making it easier for them to expand. kristina partsinevelos has the math and the method behind it. reporter: you're right. you have drug companies now, some of the heaviest users of mergers and acquisitions in corporate america. the latest round of activity shows this year is no different. merck acquiring precision medicine company arqule in an attempt to diversify its cancer
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treatment. then you also have sanofi acquiring french drug maker synthorx at $2.5 billion. that's 172% premium. this is all an attempt to catch up with oncology rivals. like you mention, why the consolidation? drug companies are racing to create new products as the fda speeds up the drug approval process. so just in 2019 alone, the fda approved 41 novel drugs, that's 86% higher than just three years ago. it's a similar story for generic drugs that account for 90% of all prescription drug purchases in the united states. look at that massive increase on your screen going from 2016 to 2019 alone. so as generic drugs are entering the market and patents expire, drug companies are aggressively looking for new sources of revenue. this time in cancer treatment. according to analysis from global data, the pharma industry will continue to be attractive for high volumes in the near
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future making biotech firms a hot commodity for portfolios. here's an example of big biotech winners this year alone. look at that. up 51% and amgen up 20%. these companies are looking to boost the pipelines with more innovative assets and technol y technology. acquisitions obviously make it more desirable because they allow big pharma to have complete control and that bodes well for the future of m & a activity in pharma. neil: it's certainly picking up the pace. thank you very, very much. meantime, the department of homeland security announcing a surprising drop at the number of apprehensions along the u.s./mexico border. we have all the details on that. hey, william. reporter: apprehensions down 70% from just six months ago. why? three things. mexico is doing more on enforcement. they are also sheltering more asylum seekers there, not here. that is putting on the brakes, eliminating the incentive for
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many migrants to even come to the u.s. >> it's a crisis that's not manufactured. it is real. reporter: without congressional action, officials feared nothing could stem the flow of migrants fleeing the violence in south america and mexico. >> you know, we see these numbers continue to rise with the outdated laws that we currently have in place. reporter: but six months later, migrant apperehensions dropped from 144,000 in may to just 43,000 last month. >> a lot of good things are happening with mexico. reporter: why the drop? the end of catch and release. agents say asylum seeking migrants now realize most will be deported to mexico while waiting for their court hearing. given that, many stay home. the aclu calls the policy dangerous and illegal. >> the government's own record as the judges pointed out shows that it's not safe in mexico. reporter: the aclu hopes ninth circuit judges reject the remain in mexico policy and a second
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program that deports asylum seekers for failing to seek safety in other countries before coming to the u.s. others simply hope to enter illegally. the evidence? this tunnel discovered last week in arizona. >> when we find a tunnel, we know we are forcing these cartels into a desperation mode. for us, that's almost a victory. reporter: the bottom line is legal or not, like it or not, the president's policies are working but apprehension numbers, as you know, are very volatile. if the courts reverse some of those policies, those numbers could head right back up. we could have a crisis again this spring. back to you. neil: thank you very, very much. william in los angeles. we told you about that trade deal, not the one you are thinking of on china but the one we have with mexico and canada, just got a last-minute reprieve from democrats who republicans say have been stopping it and not giving businesses or the president the benefit here.
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that has changed only hours after announcing articles of impeachment against the president. don't be surprised if the u.s. chamber of commerce doesn't care what motivated all of this. tom donohue is just happy we are seeing this. he's next first on fox. most peok 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. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.
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neil: all right. we have a deal. not the one you're thinking of, on china, but certainly an important one with respect to the usmca. the uncertainty ends as it looks like democrats have cobbled together something they think will be acceptable to all of those countries and the president of this country. this next fellow has been pushing for it long and hard. u.s. chamber of commerce president tom donohue joins us on the phone. good to have you. what do you think of this? >> i think it's very important for american jobs, american economic growth and american
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stability in the region and i'm very very pleased with the hard work that we got from lighthizer and the speaker and the folks up on the hill, and we look forward to a vote next week and then getting on to the senate. this is an important agreement for america and it's an important agreement for the next negotiations that we want to conclude. neil: so let me ask you about the timing of all this, on the very same day the house seems to be setting the stage for articles of impeachment, at least two of them against the president of the united states. would this have happened, the timing and sequence it did, without that? >> oh, i think so. i think both parties understand that because of all of that other business, their
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representatives in the congress and even in the senate, but particularly the congress, in the house, haven't had very much to publicly vote on and this is something that is clearly going to carry our economy forward and send messages to the street and to the investors that is positive, and i think that the speaker has been very clear on th this, the folks in the republican party in the house understand how important this is to them, and i think that's the coincidence. it's not because of the discussions of the charges that the house has brought up today. neil: do you get any worry on a lot of members about impeachment? does it come up? >> well, you know, let me just say three very quick things about it.
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number one, it's going to be pretty tough to prepare for an election and run a primary while an impeachment process is in place. it will be like playing football in a blizzard. number two thing is that as long as the impeachment business is going on, it will have some effect, no matter where you are on it, pro or con, on our economy because investors are more likely to sit on their money than they are if that was -- that matter was -- didn't ever occur. but the third thing, i think, and it's very very important, is that before this is over, we will demonstrate to the world that we have a system for dealing with these kinds of challenges and it's a balanced
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system and my view is that whatever is the right thing to do, the congress and the senate will do it. neil: all right. we'll see. we'll see if you're right on that. you have been prescient on a lot of these other developments. thank you very, very much. if i don't chat with you before christmas, have a merry one. tom donohue, chamber of commerce. now, will the new england patriots [ inaudible ] they're cheating again. woman: friction points, those obstacles that limit a company's growth. i try to find companies that turn these challenges into opportunities. but by going out in the field, and meeting management,
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neil: well, the president is heading to pennsylvania tonight. he's trying to lock down a battleground state he surprised the world by winning in 2016. hillary vaughn on how the economy there could be impacting voters. hillary? reporter: hey, neil. president trump will be here this evening. he's campaigning hard in battleground states like pennsylvania, because he flipped this state in 2016 and is trying to maintain his edge headed into 2020. but policies have had a mixed impact on businesses and people here on the ground. the president's trade fight with china has hit one of the biggest industries here in pennsylvania, agra business, fairly hard. but caesar's food distributors has been around for over a century and it's hiked prices on imported goods but have also driven demand towards domestic products.
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>> our challenge becomes the second wave gets settled, do we not see it. we have to be careful. we don't want to take a position on something that ultimately might get rolled back and we end up with higher cost of goods than we really need to. i think that's part of our purchasing challenge. reporter: pennsylvania is home to more than 2300 food processing plants, making it number one in the nation for producing products like canned fruit and veggies, potato chips and chocolate. the town hershey is home to hershey chocolate company and hershey's, like thousands of other food plants here, rely on aluminum to process their products, to bottle, can and wrap their goods in foil, so steel and aluminum tariffs have also raised processing costs for these plants but overall, the local economy is booming. unemployment hit a record low this spring, per capita income under president trump is up over $6,000. one bike shop owner told us that while he imports bikes from china, the costs have gone up
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and he's had to pass that down to customers but so far, he says with more money in their pocket, customers really have not been fazed by the price hike. neil? neil: thank you very, very much. i want to take you to washington, d.c. right now. jerry baker "wall street journal" editor at large is interviewing bill barr on all this impeachment stuff. it's a "wall street journal" ceo conference. let's dip into this. >> -- appreciation of all the facts and determination can be made. i don't know what the motivations were and i'm not saying they were improper motivations but i think it's premature to, you know, rule definitively there wasn't. now, in that regard, people have to understand the role of the ig. we are an agency that makes discretionary decisions every day, thousands of them, and the internal watchdog, his general approach and it's the right approach and i respect it, is to say look, if the people involved give me reasonable explanations
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for what they do, that is, their explanation's not unreasonable on their face and i can't find any documentary or testimonial evidence that contradicts it, i will accept it. that's what happened here. he said i haven't found evidence of improper motive. he did not, as contrary to what a lot of the media is reporting, he did not find there was no improper motive. he didn't find evidence of improper motive. >> the absence of evidence [ inaudible ]. christopher wray, the fbi director, similarly said yesterday in response to this report that the report did not find -- we did not find political bias or improper motivation. again, do you challenge that? >> no. i'm just saying what the ig found. the ig said i didn't -- i did not find documentary or testimonial evidence contradicting the explanations that were given me and i accepted them. he is not definitively ruling
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that there was no bias. i think that's why we have durham. >> the initial investigation, the fbi again in the report, it says the fbi saw that and you referred to that initial conversation between george papadopolous -- i love these acronyms, ffg, friendly foreign governments. we also have chs, confidential human sources. there was this conversation between papadopolous and the australian that wasn't reported for two months after the initial conversation, but the fbi regarded that as a tipping point given what it had seen about the wikileaks publication, what it knew about the dnc hack already and that this -- is it not reasonable that they thought given that they knew there was this extensive russian effort to intervene in the election, along comes somebody inside the trump campaign who says you know, we've got this information, possibly i have been offered
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information possibly or dirt on hillary clinton, is that not reasonable then for the fbi to go ahead and say you know what, we probably need to investigate this? >> well, that's why i sort of expounded on this a little bit in the front end. the basic official version is that we thought the russians were hacking into the dnc and on july 23rd, wikileaks dumped dnc e-mails. then a foreign official comes in and says you know, back in may, this guy said something and it was a suggestion, and a suggestion, and before they even interviewed that person, they opened the counter intelligence investigation on the whole campaign on the idea that this must reflect pre-knowledge of the hack. i'm saying that when you actually look at the surrounding circumstanc circumstances, that was a bridge too far. i mean, it wasn't reasonable for them to assume that and the
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proper response was to talk to the campaign. that's normally what would happen. you know, this happens all the time in campaigns. foreign donors through straw donors and there's hanky-panky going on and usually we don't assume the government is part of that plot. we go to the government and say foreign people are feeding money into your campaign and so forth. so the idea that you only talk to, you know, some american that is involved here, if you were 100% certain that they are not culpable, is simply not true. >> very quickly on this, because i do want to move to other things but on the fisa application, particularly again, the report is very critical, documents 17 omissions or errors by the initial, the three subsequent applications to the fisa court for surveillance of carter page, as we know. the report does say it resulted in fisa applications that made it appear that the information supporting probable cause was stronger than was actually the
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case. do you think that given that, actually those fisa applications should never have been made? >> this is the meat of the issue, and if you actually spend time to look what happened, i think you would be appalled. remember, they say okay, we're not going to go talk to the campaign, we will send people in -- neil: we are monitoring this. this is jerry baker, "wall street journal" at large on this fine network, former top editor of the "wall street journal" interviewing bill barr, attorney general of the united states. no fan certainly of security types who initially investigated the president, he said that on a political agenda and there was a widespread attempt to discredit then candidate donald trump that was indeed borne out in the inspector general's report although not as fully as he would have liked. we are monitoring this. again, this is not a stunning surprise as much as it is the first time we heard on record the attorney general was not pleased with the process, not
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pleased with the investigation results that really got behind how we started pursuing donald trump in the first place. that was then. it's a mess that is hardly over now. the dow up about two and a half points. more after this. the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 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,
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neil: all right. when the guys that manage the money are getting a little worried, this maybe worries you, morgan stanley apparently looking to cut more than 1,000 jobs over what they call global uncertainty. the morgan stanley senior vice president of investments on whether recession fears or at least skittishness potentially ahead of them are justifying this. you know, jim, always good to have you. but it's interesting that i always find, you hear this with goldman, you hear this in varying degrees, bank of america and merrill lynch analysts who hedge and get a little bit worried, just i think to cover their heinies here. what do you think is happening? >> well, what we are seeing is
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some of the soft data, some of the surveys like the ism manufacturing surveys and the purchasing managers indices really are softening. so the economy is slowing down. are we heading into a recession, i don't think so at all because of the health of the consumer. the consumer's really in pretty good shape. the credit scores are better, the amount of debt they have is better, they have jobs, their wages in increasing, and this is 70% of a consumer-driven economy. if we had a recession in 2020, this would be the most perfectly predicted recession of all time. i don't think we are going to see a recession. but we are seeing a slowdown, particularly on the manufacturing side of the economy. neil: you know, there is this old line, i will probably misread it, bull markets don't die, they get murdered, they get taken out and slaughtered and sometimes an unforeseen development, but counter to that, barring that, is that there's a good deal of cash still on the sidelines, quite a few skeptics there. it's not as if everyone is giddy and bullish.
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and that is a comforting backdrop to a rally that bulls say at least can continue. what do you say? >> yeah. here's the problem. i love this point but here's the problem. this is a market that's already gone further than anybody predicted for 2019. there wasn't one major firm that predicted the market would do as well as it has. so there you have a market that's above everybody's metrics, above what everybody thinks we should be on evaluation basis and they don't know what to do with it. what you can do with a market like that is be very careful about what you own inside that market, and i think we are going to see more of a market in 2020 that has to do with which areas you own instead of just owning the stock market. i think stock selection is going to be far more important. the other thing about the other point you made was this wall of worry thing. i love this. because one of the best things you can do as an investor is see where people are invested in the first place, and if there is too much cash on the sidelines, too many nervous nellies out there,
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that tells you have shaken those people out and you have room for incremental buying versus incremental selling. i like markets that everybody hates. on the other hand, i think next year is going to be a little bit tougher and more about selection than it is about all in or all out. neil: what about people wanting to buy a market aggregate, something that mirrors the dow, s&p, whatever? >> you know, that's been a great way to invest for the last ten years but the lead always changes hands on wall street. one of my favorite quotes about wall street from back in the '60s still applies today. as soon as you figure out the keys to wall street, they change the locks. i think that will happen again. the lead always changes hands on wall street. sometimes these things go on further than you think. but when you get to an economy that's been driven up by a lot of liquidity and a lot of debt you get a stock market that's been driven up by a lot of liquidity and lot of debt, pretty soon future returns are tougher to come by and it
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becomes more of a grind it out thing. i think that's what we will be looking at. neil: jim, always fun talking to you, my friend. thank you very, very much. >> good to see you, neil. neil: remember the days where you had a company pension, it was a defined benefit plan, you didn't have to save for yourself, the company did it for you? the world has sort of gone to the defined contribution plan, 401(k)s and the like. now 63% of companies have dropped guaranteed benefits to workers over the next five years, more intending to do so. ge the latest. jackie deangelis filling in for charles payne on what is driving all that. jackie: great to see you, neil. yeah, it looks like corporate pension funds are going the way of the dinosaur, extinction, if you will. there's a new survey out by this consulting group called mercer that basically says u.s. pension funds are in the worst state they have been in in two years, and basically, it comes down to the cost of the escalating cost of the payments, these promises to former employees.
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most u.s. companies now are not offering these long-term pension plans. they have a range of other retirement options like 401(k)s, where people can contribute and invest in their own future, but the days of getting that paycheck certainly seem to be coming to a close. you mentioned that statistic, 63% are considering termination and general electric is just one of the latest to offer a buyout to former employees, about 100,000 of them, full disclosure, i was one of them. when i got the letter in the mail, i thought it was so interesting because i said things are really changing here. this is a company that has to pay down debt and quite frankly, i was happy to get the payout because i thought by the time i'm in retirement, who knows, you know, what the state of the company will be or the state of those payments will be. a little bit like social security. so it's interesting to see how things are changing, personal responsibility is falling on the back of most people to plan for the future, and the corporations are trying to stay out of it. neil: yeah, they are. but you are still young. you have many, many years ahead
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of you. don't worry. jackie, thank you very much. see you in about 14 minutes. in the meantime, the peloton husband is speaking out, and he did it on "varney" and it was phenomenal. after this. are the color cartridges in your printer ready for another school year? what does cyan mean? it means "cyanara," honor roll. (imitates shell fire, laughs) the ink! daaaad! daaaad! i'm so hosed. yeah. you are. (shaq) the epson ecotank printer. no more cartridges! it comes with an incredible amount of ink that can save you a lot of trips to the store. get ready for the dean's list. who's dean? the epson ecotank. just fill and chill. available at... a more secure diaper closure. there were babies involved... and they weren't saying much.
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and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ a year ago i didn't realize how much this would change me. thank you. >> this holiday, give the gift of peloton. neil: you have heard from the woman but no one has really talked to the husband in that peloton ad until our stuart varney did earlier.
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>> been a little bit bad in the sense i've been receiving some hurtful messages and i just really don't appreciate it because when i watch the commercial, i just don't see it. i don't see these sexist allegations people are talking about. neil: all right. jenna ellis rives, what do you make of this? >> yeah. well, as the only female on the panel i have to say i totally agree, don't see what the controversy is. this is something that women are always -- and men, too, are always about self-improvement, about change, about moving forward, and for a husband to gift his wife something that she's actually enjoying and using, this isn't sexist. let's get over the outrage culture on twitter that finds a problem with absolutely everything. i didn't see the problem with this at all and i think that this controversy is just, you know, much ado about nothing. neil: i left out your colleagues, brad and jared. i apologize for that, gentlemen. that was a sexist thing to do. anyway, what do you make, brad, of the dust-up this has caused?
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>> i mean, this is a much ado about nothing. again, as -- neil: wait a minute, young man. we are doing a segment on it. go ahead. >> as a progressive democrat, my friends will hate me for saying this but i will tell you something. you can search, you can look, you can look everywhere on this commercial and just see nothing wrong with it at all. i think the themes expressed already would reflect what i would say but at the end of the day, a man gives a woman a device to help her get fit and more healthy and she appreciates that and she expresses that and that seems kosher to me. end of story. game over. neil: i like that. seems kosher to me. jared, what if it were a guy who was on the receiving end of this bike? >> first of all, think about how -- think about it from this angle. we are supposed to be this sensitive, inclusive, loving society that embraces everybody,
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yet we create more hate around something that's supposed to be beautiful. you know, we forget about, you know, they made a whole stink about the big house they live in and how thin she was. plenty of people suffer from body dysmorphic disorders. people live in big houses that are insecure, that feel bad about themselves. whether you are a man or woman, got a bike gifted to you, how dare like we judge this person and this act and create this whole thing around it. sorry to be emotional but it's almost crazy, it's crazy to me, right? like how we are supposed to be teaching others how to be inclusive, sensitive and loving, yet there's been like this flurry of hate against both the man and the woman. it's a shame. i would take that bike in stride and ride that peloton and sweat and look afraid if i had the guts to do it. neil: i hear you. anyway, anyway, obviously none of you have seen the movie. back to the new england patriots, they are cheating again, again. apparently a film crew caught
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nfl films filming the bengal sideline on sunday. i don't know what's going on here but this kind of stuff keeps happening with this team. >> yeah. this is really sad that for all of their wins and all of this, that there is yet another controversy over cheating and you know, we don't really know yet exactly what happened, but it's really sad -- neil: oh, we know enough that they cheated. we know enough. >> well, but it's really sad and to be honest, i don't watch football. i would rather be on the peloton because i run the disney princess marathon every year. neil: you and me both. i know. i know. >> but it's sad that we have to taint the game that way. neil: but they keep doing it. brad, they keep doing it. what is it with these guys? >> i'm a big football fan. i'm a former college football player. i'm qualified to answer this. i'm sorry to the rest of the panel. i don't care if that's sexist, if it's whatever, if it's footballist, elitist, i'm that. listen, you know, i love bill
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belichick although i'm a die-hard giants fan. he's the greatest coach ever in the nfl. that said, he's had his hand in the cookie jar a number of times already and at some point we have to say to ourselves, you know, he's guilty of something. and you know something, this is pretty obvious. you know, okay, this wasn't a part of the patriots, you know, production team, this has nothing to do with their scouting team but they are focusing on the sideline of the bengals and they are looking at what's going on -- neil: what do you think they were doing? >> what they're doing is they're trying to pick off plays and signals. neil: exactly. this is obvious. >> it is obvious. >> go ahead. >> great point. this is a team, what are they, like 1-12, i think the bengals, or something? if it wasn't the bengals, i would have been like blatant cheating. i'm an eagles fan, die-hard. go, eagles.
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we are deplorable. but you do have the same, bill belichick, great coach, but he has sort of been in the center of a lot of i don't want to call them scandals but cheating allegations and after awhile, you got to start to think hm, maybe something might be going on there. i'm just saying. we did beat them in the super bowl so i do feel slightly vindicated but who knows. i got nothing. neil: makes them look very very human but it's not necessarily human to cheat constantly. all right. guys, thank you very, very much. we are just trying to get patriots fans upset. they are already e-mailing me and calling me nasty names. the market's not moving much after this whole belichick thing. nor the usmca deal thing. after this. s a lot of talk about value out there. but at fidelity, value is more than just talk. we offer commission-free online u.s. stock and etf trades. and, when you open a new fidelity brokerage account, your cash is automatically invested at a great rate --
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no. [ chuckles ] timmy. it'd be a shame if this went viral. for those who never compromise. the mercedes-benz winter event. whoa. he was pretty good this year. and i like to question your i'm yoevery move.n law. like this left turn. it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. my son, he did say that you were the safe option. and that's the nicest thing you ever said to me. so get allstate. stop bossing. where good drivers save 40% for avoiding mayhem, like me. this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady. to work as hard as they do. however, since 2000, the buying power of the dollar has dropped by over 31% - that means the dollar is only worth about 68¢ now
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compared to 2000. had you owned gold, your value would have increased over 400% and owning gold is easy... with rosland capital - a trusted leader in helping people acquire precious metals. gold bullion, lady liberty gold and silver proofs, and our premium coins, can help you preserve your wealth. call rosland capital at 800-630-8900 to receive your free rosland guide to gold, gold & precious metals ira and silver brochures. with rosland, there are no hassles, no gimmicks, and we have the fastest shipping around. dollar down. gold up. pretty clear. make gold your new standard. call rosland capital today at 800-630-8900. 800-630-8900. that's 800-630-8900. neil: all right we're monitoring a situation going on in jersey city new jersey. active shooter on the scene,
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bullets can be heard flying over people's heads here. we don't know much more than that. it began about 40 minutes ago. we're monitoring and will continue to do that. jackie deangeles to take you through the next hour in for charles payne. hey, jackie. >> good afternoon. i'm in for charles payne today. this is making money. stocks searches for directions despite big trade headlines the usmca is nearing the finish line this as investors seeking more clarity on the china tariff story for sunday. we've got reaction from a congressman. house democrats announced two articles of impeachment against president trump on obstruction of congress and abuse of power. we will hear from the attorney general on the charges and break down what's coming next. and the president likely to respond to the impeachment announcement tonight in pennsylvania. we're previewing the rally in the all-important swing state, all that and more on
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