it is labeled. connell: that phrase unnaturally sticky i hope that is never on the show again. melissa: "bulls and bears" is next. >> tonight on "bulls and bears," president trump set to leave for a rally in michigan, as the push to impeach rages on. and an historic rote to take place -- vote to take place in the house tonight, but wall street does not seem phased with nasdaq closing at a new high, i am david asman, thank you for joining us, joining us, steve moore, robert wolf, steve forbes and liz peek. we have white house economic adviser larry kudlow, he will join us in a fox business exclusive. but first edward lawrence on capitol hill. where the house is prepping for impeachment. where is it now? reporter: this is not an exact

science but we have about 90 more minutes of debate to go before the historic vote opens up and starts. two other presidents have been impeached. last one -- tomorrow in 1998. that was a bipartisan vote. impeaching president bill clinton. lawmakers have been going at this, debating for last 5 hours, republican says that democrat have been looking for a way to impeach this president since -- took office. >> they have been intent -- their actions are motivate the by hate rehatred for president . >> democrats say look at witnesses we had. they laid out a pattern of the president obstructing justice but also trying to use the system for his political gain.

>> this president donald j trump, coerced a fray fragile foreign ally to interfere in our election. reporter: trial moves to the senate early 2020. it takes two-thirds of senate to convict and remove the president, it does not appear likely that will happen. david: no, it does not thank you. >> wall street plowing past impeachment with nasdaq notching a fifth straight record day in a row, lockest record streak since january 2018. are the markets telling americans to ignore the fuss in washington? >> they are, rightly show, this impeachment, which is a partisan process, a political process in the house, will not lead to the

removal of trump, it is a "show boating" exercise for democrats. the good news about that is that president trump and his pro-business agenda remains in place. and by the way, all of the economic data is incredibly positive, not just jobs. we look at investment, and mortgage applications are up, in will be a housing acceleration to 2020. economic numbers on the 4th quarter and 2020 are now going up, it is in place for a good year in 2020, the market knows that. >> i think they are ignoring what is going on in washington. it is smart. very little gets done in washington. technical are strong for the market, rates are low, economic indicators have been strong. and earnings have been good. not surprising that the market is doing well. with respect to the peach pooch itself, we had a "fox news poll," 54% of poll said they

should impeach or remove, citizens are listening, but i think when polarizing environment as liz said, everyone goes to their corner and markets are not listening. >> the economy is telling the market, that a good economy, trump's travesty of partisanship in congress, i think people see through this. if you ask the typical person what did trump do wrong, i don't like his style, that is not impeachable offense. they had to hide this for part of the time, shows they knew they had a weak case. i were hoping something would turn up, but it did not there are no hat -- rabbits in the hat for democrats, the it will die a merciful death. >> i do think that markets are paying attention. they see the support for impeachment goes down.

stock market goes up. like an inverse relationship. i think by the way, david, reason that is important is you know whether you like donald trump or not, he has been really good for the stock market. i think it clear investors' donald trump not just around for next year, but 4 more after that. david: i am wondering if americans themselves, we know that the markets. but when what about americans? do they feel complies en come -s entcompliesant about the econom. >> 73% say their personal economic situation is good for great, that highest in 18 years, americans feel good, with all due respect to "fox news polling" system, every other poll shows impeachment is now underwater, and declining fast. because democrats have failed to make their case. which is why schumer is going

through this pretend thing of wanting to have a trial in senate it will never happen. >> as normal it is 4 against 1. >> you hole you hold your own s. >> look at clinton impeachment, during that time market did well. >> did great. >> we should not be surprised. you can have a impeachment trial go on, we could do business and market does well. usmca, the house passed it, where is the senate, talk to the g.o.p. >> robert, robert. >> why are they not passing it now. >> robert, let me ask you a question. >> steve, answer that question, i like that question. >> he is trying to. >> my question, robert, why are democrats falling in the same

trap that republicans fell into 20 years ago trying to impeach a presidency during a time of prosperity? that makes no sense to me. >> because -- listen. i'm not telling you where i was during the clinton trial or trump trial, i don't have a vote. that said, there is a difference between the constitution, and what market does and business does, i agree, we're so little politicize that none of this really makes that much of a difference. but i am surprised you are now surprised that markets are doing well. david: not particularly surprised, just a question of whether democrats, i think politically speaking will rieux the day they went down the impeachment route. >> they may, it to be determined. >> the markets would pay attention if they thought there was a chance he would be removed from office. >> i don't think that anyone

believes he is bee removed from was. >> should not be a process. >> that process has been abused and misused not able to call witnesses, hiding stuff, and you look at that report from that ig. this is a damning report that is why chief justice of the fisa court said this is an outrage. david: okay. >> steve, you should be glad if they bring mulvaney and bolton in. david: quick steve. >> robert. >> congress should do the country business not nancy pelosi's fevered lowest. david: we have details of a brand-new disturbing -- to a lot of people, new poll, and reaction from andy puzder, he is next.

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david: fox business alert, u.s. appeals court rules against a key part of obamacare, individual mandate has been rule up constitutional. we'll monitor this and bringing you more details as they come in. >> meanwhile capitalism is still big winner among americans, despite that, a new poll showing that socialism is rising in popularity. fox opinion poll finding 31% of registered voters have a favorable view of socialism that is up 6 points since february, capitalism wins hands down, former ceo of cke restaurant andy puzder do the numbers brother you? >> just a disproven economic theory. given the education system, how young americans have been educated about socialism and capitalism, i'm not surprised. i know the percentages favoring

socialism are higher among millennials, they don't know what socialism is. they don't understand either economic theory. hopefully it will change overtime, churc churchill shadee numbers' hopefully move. >> i agree with andy, i believe that most people don't know what socialism is, i think they think it is we get free stuff as opposed to the government runs everything. i am not surprised by this poll, people who took this paul saw wall street get away with a bailout. and auto sector get away now farm sector. they say, i have student loans to pay, i have you know, i have healthcare i'm struck elin -- so pay, that said i'm glad capitalism rieuxes the day.

>> that is a good point. millennials came of age, could not get jobs and et cetera. but also worth noting this universities in new england for example, liberals out number conservatives 28 to 1 in humanities, this is a huge bias, unfortunately that bias is infusing people coming out of college, with a no-knowledge of what capitalism really is. and, these people love bernie sanders, guess what, bernie sanders talks openly about being a socialist, i don't think we could be surprised. >> what financial crisis a crise of capitalism or government intervention. >> government mistakes starting with cheapening the dollar, and disaster urous housing boom. inflation of the '70s, government policy, private sector.

merchants get the blame. but good thing is what happened with elizabeth warren people find out -- what socialism means, guess what, support collapses, ask how her campaign is doing. >> the question for andy, is whether the term capitalism, has become so demonized, whether we should use it any more, i would talks to milton friedman. socialism was a failure, we have so many kids that believe opposite. should we use different terms like free enterprise or free market economics. >> we should defend capitalism, you know my book was called capitalist contact there was a lot of debate at the time about whether we should use another name or take capitalism out of the title, i fought taking it out of the title. we need to defend it and explain, particularly the young americans the benefits of it, it

drives economy growth and create jobs, nothing was better than reagan presidency to make that point until the president trump presidency. and governments they can give to everyone, i am for defending the term. >> i had honor of going to paul volcker's funeral today to add to andy's point about reaganomics and what happened in 80s. idea yesterday you could listen to a leader people talk about paul volcker, he instituted idea of capitalism through good and bad times. david: milton mea milton friedmo love the phrase free to choose. >> elizabeth warren with her push for medicare for all. >> we'll push through health care that is available on everyone, you don't have to, but it is your choice if you want to come in get full health care

coverage. david: i don't know, andy, is it too late to turn her support. >> she will say whatever she has to say to get votes, she has no shame, she is economically illiterate and intellectually arrogant, it comes across in all her plans, medicare for all plan was ridiculous, the taxes she you would impose to put it in place were absurd, and everyone knew that. with private equity, her 2 cent tax -- wealth that would be 100% tax on people who are wealthy, these are ridiculous policies, medicare for all, i think drove the stake in but her policies in general are an affront to the morn people. the american people. >> andy puzder thank you my friend. >> and you. david: trum president trump makg his way to misc michigan for a y

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david: president trump on his way to a merry christmas rally in michigan. but will the president get a warm veptioawarm reception. according to data initial boom in manufacturing and farming has faded a bit in key midwestern swing states, with michigan seeing 1. 8% job growth under president trump. many states rely on farming and

manufacturing. so will the president u unroll a new growth plan? maybe 2.0 on tax cuts? to keep midwes midwestern states ask larry kudlow in a fox business exclusive. let's talk about michigan. and midwest, they have not been keeping up the face as you -- pace as you will with the rest of the country in terms of job growth, they are growing but on thnotas much. is it time for tax cut 2.0. >> if he mentions it, high would talk any something under process and not published until we're well into the campaign next year. michigan is doing just fine, they suffered a gm strike. -- gm strike that over, you saw yesterday industrial production

number up 1.1 business, and next business equipment, capax, our corporate tax cut was aimed at had a huge monthly increase. we'll see a reawakening of production on capax, but 3.5% unemployment. the job numbers come out month after month, we are in a middle class boom. wage earnings, people on the producttion line are -- production line are making faster wage increases than their managers, average income nationwide is up 5 thousand dollars after tax, prior two administrations, it was flat. you see a terrific economy. which by the way, i saw atlanta fed gdp up to 2. 3% in fourth quarter, next yearl be a terrific year. the people in michigan know a

winner when they see one, you watch tonight how they support president trump, especially with some nonsense here in washington, d.c. >> larry, steve forbes, good to see you again. >> nice to see you in find for e form. >> now that trade situation hopefully is getting resolved, that uncertainty out of the the way, what do you think will happen on healthcare, that is what democrats believe is the vulnerable flank of the republicans that people fear they will be thrown out on the side walk? what are you doing on that? >> i can tell you one thing. president trump has not and will note talk about removing 180 million people from their private insurance plan, he will not talk about that. and by the by, some of the most important people this depend on

generous corporate -- not government but corporate plans are union workers, rank-and-file union workers when will stay with mr. president trump. other matters, a federal guarantee for those with preexisting conditions, the rest as we put together, three year duration, a matter of choice, you can choose any policy you want, we have gotten rid of individual mandate, he put through a transparency policy with respect to prices and costs, and any unexpected costs and also quality and performance, i could go on and on, we'll have a very strong personal, individual choice. healthcare plan, we will pro protect those who federal backing, for preexisting conditions and we will -- we we

let you keep your excellent prior insurance balance plan. >> this is steve moore, not steve forbes, great to have you on. size you know, steve forbes and i chat with the president yesterday, he is more upbeat than you are, about highway highway things are go -- how things are going, i want to ask you, the question that i asked president about china deal, i am worry that whether china will abide by the terms how do we enforce the new trade deal. >> we'll see any they abide by it or not, if it works we double or exports to china, double, that includes farming and also manufacturing. by the by, an important announcement today because of ethanol china will purchase u.s.

ethanol exports directly, not transship through hong kong, i say, that we're coming out with a very important ethanol biodiesel plan tomorrow. for our patriotic farm friends in the the mid west, including state of iowa. rest of this, may not -- i'm happy to answer any question, but here is bottom line, if china does not abide, we have a lengthy process crafted by the great bob lighthizer, our trade ambassador, if they do not abide by the rules, and the commitment th, then there will be a snap back on tariffs among other things be we made the adjustment on tariffs, there is no december charge, september charge has been cut in half, there are 250 billion left. 25 percent, if they do not abide by, that they will have to face tariffs. and look, president trump is time again, he is a tough negotiate are, he is a tough

bargainer, he's to stop the unfair expilling welunand illegs he will exercise all of the arrows in his quiver. >> this robert wolf, been the same steve and steve give you two softballs, i will come in with something different. >> we like the truth. >> right. >> my favorite democrat. >> you and i have been supportive of usmca, from last week senator tumi from pennsylvania hit is hard, will not support it i'm -- i was a bit surprised. he really kind of trashed it. what is your response to what he said about usmca with respect to the impact of pennsylvania. and impact of industrial america. me for the most -- he took

opposite side of what we've said. >> pat tumi is a friend of mine, he does not believe it a perfect plan, that is up to him. let me say, couple points. i like the domestic contend increase to 75%, i don't see why, after we lost what 6 million manufacturing jobs. i don't see why we should note the not protect -- we should not protect american workers, no problem. here is stuff he is not talking about, it is important. what is in here, brand-new, we never had for example in new economy, ip pr protected. we never that had di digital service expansion or a currency stability in a deal like this.

these are things that will cause tremendous new investments in to the united states and i don't think that senator tumi has taken that into account. mid point of estimates, of international traded commission, 350 thousand new jobs, 3/4 of afternoon addition -- an additional percentage point of gdp, my friend tumi a smart guy, i wish high would take another look at it. david: larry, we have a hard break, this means liz peek gets first question next time, see you, larry, keep up good work. >> thank you. david: we're lockin we're lookir answers. after fisa court slams fbi or the origins of russia investigation, details from dcup next.

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peytonville just runnin' away with this one. go peytons. (pop) kind of lackluster. eh, still working out some kinks. who they playing? the brads. worst team in the league. of course. >> inspector general michael horowitz grilled by senate today. hillary vaughn with details. hillary, the impeachment speech sucked a lot of the attention away but what are headlines. >> inspector general for justice department said his investigation to fisa request that green lit surveillance -- trump campaign officials in july

2016, that was riddled with errors and mistakes. >> i can't tell you as i sit here whether it was gross know comincompetence, you could maken argument it was a hard sell. >> horowitz said that his investigation could not prove thathat anti-trump political bis at fbi drove the investigation. >> very difficult. >> by saying you didn't find it, does not mean it does not exist. you could have had 15 people very biased you just condition prove it. reporter: there were pro trump supporters asking horowitz. >> we were careful to separate out general statements pro or anti, a candidate, compared to

text-messages that went a stip p further and suggested some intent. >> he said he did not get an adequate explaining a from fbi employees involved with fisa request for why there were so membership mistakes made. he said, that is troubling. david: hillary thank you. >> inspector general could note prove bias for fbi gross negligence in getting spying permits for members of bring, trump administration but they have not alled it out. >> i am disappointed this of the not aired on tv, people should be made aware of what fbi did, this was a series of mistakes and intentional perversions of truth that went toward furthering investigation of president trump even after they

knew the sources were hellacious and. the democrat decided to take all their air time today because they knew inspector general horowitz was testifying today. the disappointing thing is that americans need to hear this, trump supporters need to hear this, it was a terrible thing that happened and points on lying on part of a lot of key figures. like clapper, and comey and schiff, they are all caught up in a bogey bogus investigation. >> they took it in their own hands that donald trump was a lulunatic, they had to stop himy any means, they engaged in practices against the whole

american tradition, how did people hear about it? even though they done hear about it today with horowitz, when the indictments come to comey, planner and brennan that will get the attention of american people, something rotten went on, and in particular the fbi a lot of old time agents are disgusted. >> i have a different perspective. i look forward. i am not looking backward, i am glad christopher wray stepped in said they there are fourth 40 dt issues they need to resolve, i respectful i disagree with liz and steve, we saw there were no basis. and secondly, more personally, that not only did people not like president trump, they done like clinton who was in fbi. you have letters and e-mails that go to both sides, idea this is a trump thing is not

accurate. david: in sitting up deal with carter page was spied on by the fbi, kevin kline smith, falsified some documents that fisa court use the to allow for surveillance on carter pain, pa, that is criminal. >> this will be a serious question about whether there were actual criminal violations committed. but you know, what is troubling to me about whole investigation, has been this kind of mentality on left that ends justifies means, like steve forbes just said, because trump was you know they believe was illegitimately elected, that anything they could do to get him out of the oval office was justifie justifs is scary. david: a different candidate may be the top target, we'll tell you who, coming next.

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david: joe biden, taking center stage in tomorrow night's democrat president at debate. but will it be one of other 7 candidates that gets squaring off at loyola marymount university in l.a. >> it is not going to be joe biden right now, it will be mayor pete, right now, he looks like he is top in iowa, new hampshire. people will go after him. and it will have to be elizabeth warren doing on offense, to steve's point, she slid by about 50% over the past month. i think those two will be most aggressive, and also problem attacking each other the most. >> robert, a thing that impressed me about mayor pete, i think you are right, they did that in last debate. and he is a cool customer, he reminds me of your good friend

barack obama the way he handles pressure situations, in a very you know cool, and calm way. i am not sure that attacks work that well. >> they did not work last debate, he is number one in iowa and near top in new hampshire. david: he is a moderate that is key, those who went far left -- like elizabeth warren are slipping. >> depends on how you define moderate. >> come on. everything is relative. >> his record in south bend is miserable, the violent there worse than chicago per capita. and running south bend, it may be a great place some day, when they get a real mayor, but new york city would qualify as a city block, bloomberg must be irked to no end. what are his themes.

what will he put on table, that makes people say this guy will make a different. doing well, foreign policy, trade. >> let's fo hear it about his polling has slipped a little bit of late, we're seeing churn, a candidate the surge to front, then they trip over a some kind of a wire like, elizabeth warren did with medicare for all, in her case, her top day she was i think tied with joe biden. the day she started to defend medicare for all and come out with real numbers, the gap started to widen, now 15 points. you know, this say very weird campaign. really no one other than joe biden, oo astonishingly, has gon to front and say there. >> you know the old say dems

fall in love, republicans fall in line. the dems have not elected a president over age of 53 since before jfk, this would be first time that someone like joe biden iis really the lead horse, he is viewed as most electable. this is time that dems are most purest. david: is the party itself coming to an awareness that the sharp turn to the lift di lift t work -- to the left did not work. >> i think that moderates are silence majority, i think that all social and twitter has been on populous left, but looking at polling they are about 5 of 35 t 35%, and moderate are two-thirds? they not found a moderate candidate who can get out front,

stay out front. really -- >> we have to leave this hovering. before we head to break. what is coming up on "evening edit," elizabeth macdonald here. >> doj watch dog michael oh horowitz testifies at cinat hear -- is the the senate hearing, he said that there was political bias and fall malfees malfeasan. and page saying that spying was done to stop trump from being elected. and more details in footnotes there, and we do this, throughout this fbi probe, swap out word trump, put in word obama, see how this plays in media. >> we have v.a. secretary robert

wilkie joining us. we're all over it. david: all this in one hour. in one hour? you can do it. david: delivering bad news, could fedex be next company that amazon kills in we debate that coming next. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next.

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will lap their competitor by 20 21, signaling they have in additioing in nognothing to fea. >> i will put my money on fred smith. he is person who built the great company, fedex could we're moving to an economy, where everything today is delivered to your doorstep. that means there is room for many types of companies that deliver packages, so, i like fred smith's chances of taking on amazon. isn't capitalism and competition a wonderful thing with this kind of rivalry. the beneficiaries are the consumers. >> also people who send packages out will want more than one vend vender, they -- ups will be there but they want fedex in there. hathey the get businesses.

like when it looked like the atm would conquer the world. >> i am a big fred smith fan, he is one of great business leaders, but, he has been very vocal that tariffs have hurt him, with china trade situation. we have to say if that phase one, and phase two continue, any time you compete with someone like amazon they are goliath, they can cut prices, same day delivery hour delivery, they will keep moving it will be tough to compete with. and hard to go against the. >> i don't know if this is relevant, a lot of problem with fedex has t to too -- to do with door delivery, in my

neighborhood, the vans come up to street corners, with packages, i don't know if this is a hastily assembled team, i put my money on the established brands. >> lids brings up a good point, in our neighborhood, we're careful when a truck comes up, who gets out. that was not the case. >> absolutely. >> but again, question of whether amazon can eat up what fedex has, that is a big company to eat up. >> it is, but, they spend money like there is no tomorrow. and i think they are willing to under cut and lose money, they are making a ton of money. david: expand their delivery service. new "star wars" movie not getting reception you might

except. could this be a rare miss for disney? could it affect the stock? that is next. . .

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a half a million satisfied customers. - preserve your memories today. visit legacybox.com and get 40% off. - [nick] that's legacybox.com. david: forbes, the publication, not our steve, has issued a scathing review of disney's new star war film, rise of the skywalker the worst "star wars" movie ever. if other reviewers agree, will fans make mincemeat out of the review is. mr. forbes, what do you think? >> core will go from the movie, the buzz is, "star wars" is gotten tired. there are so many other great adventure heroes, superhero movies. lost the power it had four years ago. disney, just a blip. not going to hurt the stock. >> that is probably right. with all due respect forbes

review, rotten tomatoes is more important. they have 56% audience enjoying. david: that is pretty bad. >> that is disaster. i think franchise comes to an end at the right time. >> the last two-star wars movies have been pretty poor of i think there is a trend here. >> it is tire. >> i go with steve forbes. disney paid a lot of money for this. they may have overpaid. >> i will go against the grain. i started that way. end that way. >> may the force be with you. >> one of the greatest shows of all time, make more money than we can imagine. >> you will not go to it, are you, robert. >> i'm not going tonight. rockies got bad reviews. i go to everyone of those. david: that is great point, steve. fans don't care about reviews as much as they used to. if a film, particularly if one of these series has a fan base, they don't care. >> fan base will go. you need beyond the fan base.

they haven't been able to do it with "star wars." >> the last "star wars," theme will see it three or four times. you will not get that -- >> this movie is over two hours long. put in a word for shorter. david: put it in. that does it for bulls and bears. see you next time. liz: historic day on capitol hill. happening right now the house still debating before voting on impeachment. but ig horowitz, he is the doj, justice department watchdog. he also testified today. he said yes, there was evidence of political bias and, quote malfeasance at fbi. inspector general made news. questioning why the fbi did not shut down its carter page probe, the probe of the trump campaign when the fbi was getting information undercutting their theory about russia collusion and about carter page? >> could you then specifically say the opposite that actually in this instance, there actually was evidence of