analytics. charlie gasparino, thank you. our traders all around the nation on trading floors. folks, we have -- is that a record close for the dow? no. it is not. we are just short of a record close for the dow. but a gain of 223 across the board. trade deal imminent. let melissa: forget trade fears, we might have a trade deal. stocks surging as the trade agreement when the world's two largest economies is "imminent" pending approval from the president, the dow fighting to end in record territory, we had to close up 252 points we did not get it. i'm melissa francis good to see you. >> thank you very much even deirdre bolton in for connell mc shane. take a look at the markets s&p 500, 27th high of the year, 107th under president trump, and it is the 22nd record close of the year for the nasdac, so we have fox business team coverage,

gerri willis on the floor of the new york stock exchange, blake burman at the white house, and susan li standing by in the news room, make we start with you. >> having just emerged from the west wing deirdre and melissa let me lay out the facts right now that we know it. we know that president trump has been meeting with his trade team or at least met with his trade team earlier today to discuss a way forward whether or not that they would go forward with the december 15 tariff and other options relating to china. at this point, we do not have an announcement from the president from the white house, or any other branch of the u.s. government there is a phase i trade deal ready to sign between the u.s. and china. also we haven't heard from china anyone with the chinese government say that there is a deal to be signed either. we await that. having said that though i can tell you speaking to one source familiar with everything that has been moving here especially in the last 24 hours that source tells me that a deal is imminent

this is a source familiar with the talks who also add that it is "essentially done." the president today teased the potential deal on twitter earlier this morning in which he said the following. he wrote "getting very close to a big deal with china, they want it and so do we." the market popped on that tweet but when he went before the camera shortly after that the president was rather tight- lipped when talking about a potential deal. watch here. president trump: we won't talk about china because we're working a deal with china but i wouldn't say up until now, they've loved me. >> keep in mind here that the president, when he announced a deal in principle back in october 11, talked about a large scale ag buy, 40 to $50 billion. the largest ag buy to date the china has made from the u.s. is in the high 20s. we heard from sunny purdue tell our own christina partsinevelos earlier this morning that that right now is a challenge of getting all of that written down

on paper so that there is essentially a binding contract. bottom line as the markets are closed at 4:00 on december 12 ahead of these potential december 15 tariffs, we are hearing from a source that this deal is imminent, but we await the ultimate say as anyone in this white house will tell you and that comes from the president who met with his trade team this afternoon. back to you. >> blake thank you so much we'll continue the conversation. susan li has the very latest from the news room on wyatt this particular juncture china is willing to make a deal. >> as you heard from president trump in that tweet today we want it, china wants it and probably needs it according to a lot of stock watchers but first the latest visuals in the white house with lighthizer our trade rep of the u.s. , leaving the white house, and its been debated with the hawks in this case, will they get the ear of the president or does like mnuchin, kudlow and wilbur ross

be the ones being the influencer but as for china itself we're looking at the growth rate in 27.5 years so the second largest economy in the world growing at just 6% having the rates of growth over the past decade and they've been doing a lot to get their economy back up and running and they are loaded at debt, 260% of gdp, so this year, they've been trying to cut taxes , they've been forcing banks to lend more, weakening their currency, they've drawn as well and spending on infrastructure. now is that helping? maybe a little bit, and judging by the sales of u.s. companies they do a lot of business in china for instance apple just a year ago warning about sales in china concerned about the consumer, and whether or not they can sell as many iphones as they have been over the past 10 years, caterpillar, selling a lot of their big trucks and heavy machinery over in the chinese economy, same thing with boeing and plane sales as well but this year has been a year recovery for stock investor s. last year china was the worst from a global stock market los

ing a quarter of its value. this year whole different story up over 30% in fact the best performing global stock market for 2019 even outperforming the u.s. stock market with the s&p up 25% and this is a better year by the way for wall street, but guys i just want to note that i think the white house really has to add something a little bit more in this trade deal not just delaying the december 15 tariff but also maybe cutting back of the existing tariffs by 50% because we did have president trump saying that hong kong democracy and human rights act which some way would have complicated and has these trade negotiations. back to you. >> susan quickly what does this mean for the u.s. now? >> look if we didn't have china slowing down we might have 3% growth rates according to the white house, also maybe the fed may not have been forced to cut interest rates three times this year and yes even a stock market which have hit record levels this year might even be higher but i still think that it's a pretty good year for 2019. guys? >> sure is, susan, thank you. melissa: joining us on the phone

is executive vice president and head of international affairs of the u.s. chamber of commerce, so thank you for joining us, what do you make of this news? >> well melissa, we still need to hear from the chinese side of course, but the fact that the administration thinks they're close to a phase i agreement is good news. we are extremely pleased that the two sides seem to be ready to announce a deal that would expand market accessing critical areas, obviously increased agricultural purchases. we're going to look closely at the cap around intellectual property protection to see what is covered including areas like trade secrets and forced technology transfer but we are mostly pleased because it will bring greater certainty to the most important commercial relationship. it's time to move forward in other areas of the relationship that we've still got to get to in phase ii and phase iii agreement but you got to take the first step to get to step 2 and we're pleased they're on the

brink of it so we're excited for the momentum here. melissa: it's december 12 do you think that the december 15 deadline to add that next tranche of tariffs was part of the pressure here? >> well certainly, look, you've got the usmca agreement that seems to be going forward and will hopefully vote in the house next week, that's very positive news, combined with the progress here. the administration clearly did not want to have to go forward at the holiday season, with tariffs on iphones and other kinds of products, retail products that are being sold to kids at christmastime, so i think it's very positive news, if it's true, and i think from what i'm hearing from my administration source is the deal is largely done but we still got to wait for the chinese side to get their news on that front. i think susan's right. there's still more work to be done. i do believe the tariff elimination will go greater than just the suspension of the tariffs on december 15. i've had conversations with

ambassador lighthizer and others in the administration over the last few weeks and i can tell you it's going to be deeper than that, but now, we're looking for concrete commitments also on the chinese side and that's going to be in the details. that's what we got to see. melissa: who is under more pressure here? i understand from the conversation that china's economic growth, gdp's slowest rate of 27.5 years but president trump isn't president for life. he's going to be up for re-election. he needs the economic expansion to continue. who do you think is under more pressure? >> well i look at it this way. no one wins in a trade war. the united states would not win, china would not win and we're still going to have challenges in our relationship. there are still important areas like subsea practice in china, what do we do about cross dashboarder data flows those are issues that have to be addressed in the u.s. china relationship. there is a range of technology related concerns here, but your point there is not a winner with

a trade war, so both sides we're standing to lose here. china's economy is definitely softening going well beyond the trade frictions, and they are still big issues to be dealt within that country. here in the united states, we have growth, but we want more growth. we like to see 3% growth, and advancing our commercial relationship with china, getting the usmca donald of course moving forward in other areas would be a shot in the arm at the right time at the holiday season so we got to make progress. we got to start somewhere, this stage one agreement is important , it's not the end of all negotiations, or the end of all of the tensions in the relationship but you got to start somewhere and i think it's important process we hope will come to fruition. melissa: brilliant thanks for coming on we appreciate it. okay thank you. >> fox business alert, new trouble for boeing american airlines extending cancellations of the 737 max through april 6, gerri willis has more details on

the floor, gerri i'm even seeing here, boeing moving lower post- market. gerri: yes, it is indeed after you've got all of the details right. american airlines extending cancellations of boeing 737 max flights, through april 6, previously they had been through the beginning of march extending this after the faa said it would not approve the planes return to service before january. now, both boeing and american lower here, and this has been very tough for boeing this week. let's move on to facebook for just a second here. federal officials considering a preliminary junction against the company. why anti-trust concerns related to how its products interact. they are so thoroughly integrat ed that it makes it difficult for companies to compete with facebook, so it looks like even more action against this company by federal regulators, we're going to talk for just a second abdomen bull .com. this is an ipo, the last of the year coming to market today a

huge success, up 61%, and i had a chance to talk to the ceo, here is what he told me about why people like this stock. listen. >> so we focus on the small and mid-sized companies under $100 million in revenue, and they all have the same problem which is they politicos very got a lot of paper in their lives and 90% rely on paper to make their payments. gerri: so 90% rely on paper to save bills, to pay their employees that is so old school, and bill.com makes the difference there. i've got to tell you i can think of a few ipo ceo's very jealous about this performance today. it's probably one of the best of the year. we'll have to wait and see how they finish up, but trade performance by bill.com this morning back to you. >> gerri thank you very much. melissa: divided on how to lower drug prices nancy pelosi's cost cutting bills have been through the house but the controversial details may face a very big hurdle in the senate. we're live at the white house with the latest on that next.

>> plus big tech on the 2020 stage apple is taking a bite out of the debate process, as some critics say the move could back fire on the tech giant, we'll tell you about the chances of that happening. melissa: this is a parent's worst nightmare, amazon under fire after a hacker asked us to camera in a child's bedroom. the terrifying details and what you need to know about the security risks. >> i'm your best friend. >> i'm santa claus. >> mommy! what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story.

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>> fox business alerts a source telling our own hillary vaughn that phase i, with china, the u.s. china trade deal is complete. hillary i know you're at the white house what are your sources telling you? >> well, what i'm hearing from a single source familiar is that the deal is done, and details of that deal are still to be determined, but we also have some other sources talking about the pelosi prescription drug bill that just passed the house today, and two leadership sources tell me that even though the bill passed the house it is dead on arrival in the senate so that bill will not become law but speaker pelosi is saying today she thinks senate

republicans deciding not to pass that bill will ultimately end up blowing back on them. >> they said that it's going to be too complicated to handle. >> pelosi's bill would allow government to negotiate lower prices which senate republicans have criticized that socialistic price controls putting government in charge of negotiating directly, with drugmakers. the secretary of health and human services under this bill would be required to argue down drug prices for at least 12 drugs a year. the bill also puts a limit on out of pocket costs for drugs for medicare enrollees capping it at $2,000 a year and also leaves drug companies and government to take-up the rest of the bill and the congressional budget office predicts that pelosi's plan would have curbed medicare costs by $345 billion over 10 years but senator chuck grassley is saying today that the bill had other problems. "according to the independent cb o, the house bill would result in dozen fewer potentially life

saving or life extending drugs being developed. that could senate has their own prescription drug plan that grassley has been working in a bipartisan fashion with senator widen as well and the cbo has not finished scoring that but it doesn't mean that the effort to lower prescription cost is completely over. deirdre? >> hillary thank you so much. melissa: all right, here now to react is republican congressman michael burgess from texas. what is wrong with this wants to negotiate directly with drug companies what's wrong with that >> first off it's not a negotiation. last night in the rules committee, the chairman of the energy and commerce committee, that i serve on said we just want to negotiate but we'll need a club to bring people to the table, but i'm sorry that's not a negotiation. you don't negotiate people with weapons, you negotiate people with facts, with it being an honest exchange back and forth, but this was going to be a

taking by the federal government of 95% of the gross receipts from the pharmaceutical company if they did not deliver the price that was requested by the federal government. that's no negotiation. it's illegal, in fact under the constitution. melissa: but americans watching this right now would say, you know, what's wrong with lowering drug prices though? they are already so high why can't they lower them? >> not a problem with lowering drug prices in fact the republican amendment nature of the substitute that received 201 votes on the house floor, so it was the number of democrats. melissa: why is one a plug, go ahead. >> i'm 95% excise tax is the biggest difference, yes the republican bill deblasio undergo , did require par medicare reform and yes it did cap out of pocket expenses in part d in the medicare space, fixed a problem the democrats created with a cliff in the so-called doughnut hole, it cap ped insulin prices at $50 a month. there were and of course, all of

the work that we've been doing, all year, bipartisan, on fda reform in order to speed generic s to be able to get generic products to the market at a lower price at a faster rate, you no one of the biggest news items today is the senate confirmed the new fda director, dr. hahn. we've been with only an acting director for about a year. dr. gotleib was at the fda really pushed the approval of generic drugs and in the 18 months he was there i forget the top number but well over 1,000 new generic drugs approved. this is the reason that president trump could point to and say drug price spending reduced over the last year for the first time in decades. melissa: so if nancy pelosi is able to dictate the price on 50 drugs per year for medicaid user s why does that mean that new things won't be developed? they are still outside of that they could sell to other people, it's only 50 drugs a year. >> actually, the way the law is

written is it would apply to people covered in the commercial insurance market as well, so there have been a number of people, congressional budget office, the council of economic advisors who have looked at the reduction in new products that might occur as a result of this legislation. they disagree about the number of reductions, but everyone agrees that the number of new products will go down, 15 from the congressional budget office over the next 10 years, 100 by the council of economic advisors , but the thing is, after we pass the cures bill, three years ago this was a big deal and there are new things that are coming over the horizon into the market at a much more rapid clip. why would we want to stop that? if we've got the next cure for a very expensive disease? why wouldn't we want that to be developed? melissa: congressman, thank you for your time. i wish i had more thanks. >> thank you. >> there is a high stakes election happening right now in

the uk. it's the third general election in five years. melissa: that's insane. >> for the prime minister, the uk's trade relationship with the rest of the world, via brexit. we'll bring you details from london, next. plus the actress who played the wife in the viral peloton commercial finally speaks out about why she thinks the ad is so controversial. ♪ ♪ ♪ ♪

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male anchor: beats the odds at the box office to become a rare non-franchise hit. you can give help and hope to those in need. >> a mixed set of results for costco, we're going to go back to gerri willis with more details from the stock exchange. gerri: we're got a split decision eps handling estimates at $1.90 versus $1.72, revenue a bit of a disappointment we were expecting 37.25 billion we only got 37.04 billion, same-store sales right on the money, 4.3% gain there, and another disappointment was e-commerce sales up 5.5% the company itself

was negatively impacted by the late thanksgiving, so a lot of focus on that you're seeing shares trade lower after-hours, they have been higher, so taking a look at this, is a split decision earnings looking good but that top line looking not so good. back to you. >> gerri thank you very much. melissa: it's being called the high risk operation, new zealand military forces launching a recovery mission for those killed in monday's volcanic eruption on white island. despite warnings that the island is still highly volatile, and could erupt again within days, the death toll has now risen to at least 16 people. >> keep calm and vote. it is the uk's third general election in less than five years polls closing in less than an hour, a lot at stake here, uk is voting for a new parliament and that vote will effect brexit plans. ashley webster is in london, ashley, any indication of which candidate is in the lead?

ashley: well, you know what, deirdre? if you believe the polls and you believe the people on the street and the bookmakers you'd say that boris johnson certainly is the favorite but the lead had narrowed quite considerably if you want to believe some punters here, the so-called observers. we'll find out in a little more than half an hour when we get the first exit polls, but it's going to be a long night before we know for sure. you already saw pictures of jeremy corbyn voting earlier this morning in north london and boris johnson on the left voting here in westminster, in fact, boris showed up with his dog this morning to cast his vote, but it's interesting on social media, all day, we've seen pictures of very long lines, especially earlier in the day. lines of 50-70, 100 people, reports that you can see here and the polling stations run the guam gamut. there's post officers and a garage, i saw, a shipping

container, doesn't matter, 40,000 polling locations and this just gives you an example of some of those lines. is that better news for labor? its always been if there's low turnout, better for conservative s. we'll have to find out, in fact a precinct just a mile from me down the road here, they said the turnout was unprecedented, so pretty interesting stuff and certainly this election has created just like it has in the united states, a lot of division , and everybody has certainly a lot to say on their side of the argument. take a listen to some voters. >> whether you like him or not and all of the things i think that he has leadership ability and i think he is the best man for the job simple as that. the alternative would be excruciating. >> whatever cliches you like about mr. johnson, that he's crazy, that he seems to gain his popular vote. >> a waste of time, i've been voting in labor all my life, but

i can't stand the corbyn is handling things and i think they will bankrupt the country. ashley: well bankrupt the country, it's very interesting, the problem for jeremy corbyn on the labor side is 5 million labor supporters voted for brexit which put jeremy corbyn in a bit of a pickle going into this election, very quickly 650 seats of parliament are all up for grabs today you need 326 seats to get a majority, so that is the magic number. it is believed that boris johnson could get more than 326, and that would enable him of course to get brexit through and move on. we will wait and see how this develops, and will it be closer than all the experts say? should be interesting and let's hope it's not ending in a hung parliament because we'll be back here again probably within the next month or two.

that's not good news for anyone. melissa: no, no, ashley thank you. in the meantime, we're burning the midnight oil for us. for more on what is being called the most important general election in a generation, we bring in nile gardner the director of the heritage foundation, margaret thatcher center for freedom and thanks in advance for the time. >> thank you. >> if johnson, as ashley just said wins a majority that is the fastest track to brexit, right? you have johnson, equals brexit, but on what timetable? >> well that's necessarily right and so far, the vast majority of polls have pointed to a conservative majority, so we'll see if those polls are direct, especially once the exit polls come out at 10 p.m. uk time. in terms of the timetable, boris johnson if he gets the majority is committed to delivering brexit on january 31, and i think the part certainly is to put for the implementing legislation again before

parliament even as soon as next week, and the goal will be to get parliament to approve the eu withdrawal agreement, the implementation legislation for that agreement by christmas, and that will enable then the uk to leave the eu on january 31, and then that begins a transition period, actually, which goes through until the end of 2020 and during that time, the uk must negotiate a free-trade agreement with the european union, so certainly it's a very fast-track timetable, but i've been assured that boris johnson is going to move forward at very full speed, if he gets a majority. melissa: to your point of course , all of these trading relationships are in the balance , but ashley, going back to something else that he said, what if there is a lack of a clear majority? it doesn't sound like you think that's going to happen, but essentially ashley told us moments ago that corbyn has put themselves in a different

situation. what's the worst case scenario here? >> well i think certainly our worst case scenario is that you have some kind of hung parliament which results in a labor-led coalition government. that would be an absolute nightmare for britain and no doubt as well that the labor party will destroy the brexit process. after all most of the labor leadership are opposed to brexit and most labor supporters are opposed although about a third of the labor voted in the 2017 election were brexit supporters, but i've no faith whatsoever in the ability of the labor party to deliver brexit so that's a nightmare scenario, but i do think that the conservative s are most likely to emerge with a majority tonight, and i think if jeremy corbyn became the prime minister, it would be an absolute disaster for britain. it would wreck not only brexit but also the relationship with the united states.

jeremy corbyn is deeply anti- american, and also the labor party is really having huge problems with anti-semitism within its ranks, and jeremy corbyn himself i think has advanced anti-semitism within the labor party so it would be unthinkable to have this far left anti-semetic party actually in power in the uk. >> just to get back to what voters want it seems like even people against brexit now just want it, they want it done, and they want to move forward. we will be watching the results right along with you took you ni le. >> my pleasure, thank you. melissa: a high-tech home invasion with a new security warning for in-home smart camera s following a series of terrifying moments caught on camera. >> who is that? >> i'm your best friend! i'm santa claus. melissa: that's awful. >> it is. >> the eighth democratic presidential debate has an unlikely corporate co-host. we'll tell you if it could

effect calls to break up big tech. melissa: and a deal that sounds too good to be true. krispy kreme is selling a dozen of the iconic original glazed donuts for just $1 today as part of this annual day of dozens offer, but customers must buy a dozen donuts at the stores retail price to get the deal. >> that sounds right. melissa: we'll do that! (vo) the moth without hope, struggles in the spider's web.

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melissa: fox business alert sources telling our own hillary vaughn that a phase i trade deal with china is done. bloomberg just reporting, that president trump has signed off on a u.s. china trade deal to avert the december tariffs. we will keep you updated on this breaking story. >> terrifying videos that show hackers accessing home security cameras even in children's bedrooms. this video is from a home in tennessee, four days after the camera was installed. according to local news report, the hacker was communicating directly with an eight-year-old, purposely upsetting her, and encouraging destructive behavior >> who is that? >> i'm your best friend! i'm santa claus. >> mommy! >> i'm santa claus. don't you want to be my best friend? >> awful. lifewire.com editor in chief, lance thanks for joining us. this is horrible.

it sent chills down every parent 's spine and the girl's dad i want to update everybody did come into the room and cutoff the feed, but is it worth it to have these cameras if you have hackers acting even in children's safe spaces? >> well obviously, hackers are always looking for sort of a weak wall, right? looking for an easy way to get in and bad passwords are often a way to do it or lack of using what's called two-factor authentication where someone could access the cameras even with the password is by having another piece of hardware like the phone in their hand and not using the same password everywhere so my understanding of this, this is not about a security breach at amazon, this is really about potentially a hacked password or a password they used on something else that the person accessed there so these can be powerful and useful devices for people, but you have to remember that it's up to you to manage to control the

security. >> i'm glad you mentioned that because we remember amazon did buy this company ring i think 2018 in february and there are plenty of people who aren't fans who say it has prevented their home from being broken into, some people have automatic alerts going to police stations but to your point both ring and amazon has said listen if you use the same password everywhere and your information has been leaked whether you know it or not, it's really easy for these bad actors to get in and exploit as you say, kind of the weakest part of any household system. it does make me really question just how important it is to have one of these. >> it could be such great peace of mind if you're traveling and you can see inside your home or outside your home, that is actually pretty valuable. >> okay speaking of tech changing off fields now we'll focus on politics because apple news is going to co-host the eighth democratic presidential debate on february 7. by the way, first time a tech company's news service participates at this level. so does this mean that candidate

s will stop aiming for a big tech breakup? >> no i'm certain. honestly i was really excited when i heard this announcement i thought it's going to be on the apple campus, but no in the same place i think new hampshire and it is very interesting that they are going to i don't know who the person from apple news is going to be representing them but believe me warren is going to continue to go hard and talk about apple needs to be broken up, amazon needs broken up, facebook needs broken up because by the way as we exit this decade it's the decade of tech regulation. this stuff will happen. >> lance, our shareholders and all of those companies thank you melissa: telling her side of the story the actress in the controversial hole holiday commercial is speaking out for the first time, since the nationwide backlash and if you're looking for a holiday yul e log look no further than olive garden. their latest video might be just the right thing for you, details

, next.

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it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic - woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. melissa: google can the translate the company releasing a realtime translation mode for its smartphones globally and the feature is through the google assistant app with 44 languages

available and here is brett larson, our question was does it work? >> i think so. i have it on my phone and let's see if i can. "i need to find the restroom." >> [speaking in foreign language] >> it's interesting because it's realtime, and actually the google translation app as we were talking about on the break you can actually point it at signs in another language, that will translate the image as well so long as you have an internet connection and if you don't have an internet connection you can actually download different language packs so it's local on your phone so if you're traveling somewhere where you don't know where you are or if you'll find wi-fi if you have cellular service it's actually going to work. melissa: i feel like you could show the phone your mandarin test and tell you what it's saying but probably not. >> this is the new way to cheat on the s. a.t. melissa: i'm not sure mandarin is on there but anyway, riding a wave playing the scared wife in

the peloton holiday ad is final ly speaking out. oh, listen. >> [laughter] >> did you understand like why people got spun up about it? >> i mean, honestly i think it was just my face. >> what do you mean? >> my eyebrows looked like worried i guess? >> with the picture behind you? melissa: it was her fault. >> um, because i would have to loss give that face. it was your face? i think it was over reacting and again i'll stand by this i think the reason she was showing that video to her husband was to get him off the couch and on the peloton bike. that's the script ladies. >> all right, i like that. bring it on though and gather around the olive garden yule log the restaurant releasing an eight hour video of pasta baking in the oven. >> sounds amazing right? >> yes, on the youtube channel just in time for the holidays who instead of the yule login case anybody out there is not getting it you but that on your television and you watch the pasta bake. >> it's socal am calming, but

listen, you could watch the yule log with the christmas music everybody loves that and it's nice but wouldn't you rather watch pasta baking in the oven it's so relaxing. melissa: does it come with smell -o-vision? >> that would make it hungry right? >> keep a little thing of asiag o next to you. melissa: a few hits o of that and you're good. all right, brett thank you, good stuff. >> well tax backlash a new announcement shows senator warren's wealth tax would raise short of $1 trillion so nearly 30% less than what her campaign estimated, does this new data squash the debate on whether the tax is beneficial who better to ask than our own david asman. what do you think? david: i could hear melissa laughing in the background. she can't stop herself and it's finally a study that starts at the right place investigating this wets tax. i call it a confiscation tax

because it takes stuff that you own that you've already paid taxes on, but it says who, what would happen if you took the money from entrepreneurs, who have made billions of dollars or just millions of dollars, and put it in the hands of bureaucrats? well what would happen is you'll have less productivity and less productivity means the economy doesn't grow as fast and that means less revenue for government, so elizabeth warren said she was going to get all these trillions of dollars from the wealth tax to pay for her trillions of dollars of new government programs, so well this study says no, you're not going to get that much money because the economy is going to slow down because a lot of rich entrepreneurs will take their money and leave the united states. so she's got an answer, she already has answered saying they've got it all wrong but this is going to be part of a debate we'll be talking about throughout these election period , i'm sure. >> speaking of talking what is coming up on bulls & bears? >> we've got a good show everybody is focused on china and whether we have a trade deal christian whiten is on with a

really controversial column out on fox business saying look, you should cancel the trade deal, and raise tariffs even more. he's going to be on to defend that and then look who we have as a panelists. the john delaney, the presidential candidate is one of our four panelists who has things to say about elizabeth warren's wealth tax that she should listen up to. >> he's one of the last moderates around david looking forward to that conversation we'll see you at the top of the hour. melissa: a message for procrastinators, the deadline for ordering last minute gifts on amazon is out, the cutoff date to get your presents under the tree we will have that for you, next. do you use the deadline? >> yes. melissa: okay there you go then she's going to stay tuned, plus the force taking the nation by storm baby yoda a stealing the hearts of millions of viewers across the u.s. but how does that break down by the state?

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sorry! he's a baby! deirdre: amazon releases official holiday delivery schedule, prime customers have until christmas eve to get same day delivery on eligible items, if you not prime, cut off is saturday, get organized. melissa: nonmeat eaters loving it mcdonald's testing beyond meat burger in canada. researcher at fast-food chain said could sell more than 2nist millio250million of the nonburga year. melissa: message from trade war front lines, fox business network goes inside of the farm

to farm conference in omaha. we go with cr kristina partsine. reporter: how are you feeling? >> hopeful. maybe it will help us farmers continue for another generation. reporter: how have you been feeling last year and a half. >> stressful, not knowing what the prices might be doing, and how it affects our day o day-toy operations. reporter: there are a lot of young people here, you are a millennial, you have been farming, you and your dad, you have corn, soybeans, cattle, what is next step.

>> next step is next week i'll sign may papers to get my first piece of land, ill b i'll i'll l live farmer. reporter: do you find not as many young people or a resurgences? >> i think that rural america is trying to make a comeback, in my area, specifically eastern kansas more and more people my age coming back to farming that is encouraging. reporter: what ask a major issue, you mentioned rural farming. >> rural broadband is a huge issue, grants are amazing. but problem is they are stopping before that' they get to us a lf time, i can't take a phone call in my house sometimes, we have ipads in tractor but if i can't get this cell ver cell service,t

get that information. reporter: you can't take a phone call sometime in your house,iac lynn best of luck -- jacquelin best of luck, we got the story on china trade deal. melissa: thank you. deirdre: golden child stealing nation's heart. baby yoda, this according to new research. melissa: it looks like et. he does. deirdre: baby yoda and then -- results are based on google searches from each state,. melissa: what about new york? we love baby yoda. deirdre: not even on the list. melissa: that looks like theme

from et in the front of the bike, that is why i think baby yoda looks like et, i love him how about you. deirdre: how can you not. melissa: okay, "bulls and bears" right now. david: look at this, s&p, nasdaq closing at new record highs, all eyes on white house for high stakes trade meeting is underway. we could have breaking news at any moment, sources tell fox, that a deal with china is imminent. we have all details, a live report from the white house. this is "bulls and bears" thank you for joining us, i am david asman, joining me jonathan hoenig, liz peek. gary kaltbaum and millionaire businessman, 2020 democrat candidate, johnn john delaney, o to break buhrmann first what is