long term. >> whether we ultimately see the kind of general intelligence that produces the terminator is hard to know. are we headed for art imitating life, i maria, thanks for ♪ ♪ connell: it's complicated. tense trade talks between the united states and china highlighting the serious challenges facing the world's two largest economies. >> we're taking the toughest ever action to confront china's chronic trade abuse. connell: the uncertainty has sent financial markets on a roller coaster ride. at the center of it all, the issue of trust between governments, companies and people. >> the accusation that china is stealing from the u.s. is completely warrantless. >> you may find there's no

connection, that's part of the chinese state. >> the united states is the number one largest for the economy and china is number two, and they are fighting each other, and there'll be damage to global trading. connell: but trade's only the tip of the iceberg. the real question is this: are we in this together or going our separate ways? >> china's now in the hunt for new markets. you see that with things like belt anded road, part of an economic initiative to reach them into that billion market. connell: the next moves are crucial, and this is "the challenge of china." ♪ ♪ connell: so for the united states to challenge presented by china is about much more than headlines generated during a trade war. i'm connell mcshane. over the next hour we're going beyond tariffs to bring you a

unique look at the clash of cultures and beliefs that'll shape the direction of the global economy for decades to come. much of our conversation will happen here in new york, but we'll also take you to china's capital city, beijing, and schoen general. earlier this year i spent time reporting in both cities. it's busy, it's loud and it is the perfect place to start if you want to really understand modern china. what do you think of the trade war between the u.s. and china, this city really is the center of ate all. they actually call it the silicon valley of china, and this is where it all began back in the 1980s. since then it's really been built up, and you'll see the headquarters of some of the more famous chinese tech companies, zte, even huawei. and that's what brought us here to begin with. huawei, the controversial chinese telecom giant accused of spying, blacklisted by the united states government. it was a 45 minute drive for us

from downtown to huawei's corporate headquarters. we were met there by an englishman, vp andrew williamson, and we knew just by the extension of the invitation that huawei had a story it wanted us to hear. >> why are you here? well, we've always been very open and transparent about inviting journalists like yourself, esteemed journalists, news organizations to come and visit is huawei. i think there's lots of misunderstanding, lots of misinformation out there about what we do. connell: the biggest misunderstanding, williamson says, is there's no connection between huawei and the chinese government. that brought us straight to the most sensitive of topics, whether huawei can be used to facilitate spying if asked to by the government here in china. >> we operate in over 170 countries arounding the world, many of those countries are now deploying their 5g networks, and so we work very closely we those

partners to build out the hardware. but at all times the telecom partners, customers are completely in charge of all the data. it's -- there's no need for us to touch the on any of the data. connell: there's no need for you to, but could you? >> no. not without the permission of the telecom people. connell: could you do it without their permission? is it technically possible? >> to my knowledge, it's not technically possible. connell: we made our next stop at dji, a company that makes the majority of the drones sold in the united states. officials there were quick to show us some of the latest in drone technology, even encouraging us to test it out for ourselves. believe it or not, i'm the one flying this drone right now, so if i go this way, the drone comes with me. in a different time, dji would be celebrated both in the u.s. and china, but in today's world trust doesn't come easy, and company officials have to answer

questions about whether their drones can be used to spy. >> i have a drone and i don't want my data to be seen by anyone, is that easy for me to do? >> how do i do that? the fact is that your data sits on the drone itself. that's fundamental. connell: but does it automatically come back to you? >> no. connell: visiting company like dji and huawei gives us a sense of how companies operate, but beijing is still the center of china's government and culture where the ancient mixes with the modern: for many years american companies look to capitalize on the chinese consumer while the american consumer scooped up relatively cheap chinese goods. it was or at least seemed to be a mutually beneficial relationship. somewhere along the line the rise of can china seemed to shift in many people's minds from being all about opportunity to being more about competition or even a threat. that raises a central question for us, what will relations

between the u.s. and china look like as in the transition continues? >> translator: you know that china is shifting from high-speed growth to high quality development. we are advancing the supply side structural or reform which means there will be some decelebration in the -- deceleration in the growth. it's unrealistic for the world's second is largest economy e to sustain high-speed growth. as to whether friction has an impact on the economy, i think to some extent it does. the trade that's in china and the u.s. reaches over $630 billion last year. with the imposition of tariffs, such a trade would be affected, especially greatly influenced the companies that rely on the u.s. markets. connell: all right. we have a terrific panel assembled here in new york to talk more about these issues. the author of aftermath, jim

rick earths, joins us -- rickers. edward lawrence has been leading fox's coverage of the trade fight, and chief strategist patrick. i begin with you on this and kind of the big picture of dealing with can china. one of the things that strikes me as you heard there is over the last decade or so the attitude towards china from people in the united states has shifted dramatically. what have your observations been? >> there's been a dramatic shift. even the title of your show, "the challenge of china," 10, 15 years ago it would have been called the opportunity of china, and the discussion would have been about how u.s. companies can get into china, if they're not, why aren't they. a couple things changed. first of all, there was the 2008 financial crisis, and the recession that changed americans' views of globalization. it also changed chinese views of the u.s. as an aspirational model. china has become wealthier, it's also become more influential, and in the process it's become

more assertive about many things. connell: right. >> and then you have xi jinping who took office, promised a lot of reforms but instead has actually taken china in a more authoritarian direction, and that has caused concern not just on the economic front, but in terms of values and political influence. connell: jim, we're going to come back to edward on the modern day reporting on this, but patrick bring up globalization which in many ways has turned into almost a dirty word for lack of a better term. so much different than it was say when bill clinton was president in the '90s that we have changed the way we look at that and, as a result, probably changed the way we look at china, right? >> that's a good thing. better late than never. globalization was the idea that somehow we would help china get richer, give them access to our intellectual property, give them direct foreign investment, they would grow richer and want to be like us, the idea that we were an aspirational model.

they're communests, they're atheists, they have their own model. they were willing to take all the help and money, of course, but they didn't want to be like us. this idea that give them a little time, they'll get richer, they'll be just like us, that was a western myth. that was never true in china. now with we have to con front this. in the 1960s nobody was saying why are the supply chains not in russia. remember, it was a big deal when they sold pepsi cola. it's not clear to me why we do business -- >> this is where i'm going to disagree very profoundly. i think right now to draw a line between mao's 1989 tiananmen square and xi jinping's bright line, i think that ignores a lot of what's taking place. i've spent a great deal of time in china, much of my life. my first visit was in 1986. it is unrecognizable today, and i'm not just talking about material wealth, i'm talking about the daily life of people. you know, when i first arrived

in china, people all worked for state work, it controlled every aspect of their life. they didn't own businesses, they didn't own property. now they travel the world, they work, they travel, they study abroad. things have changed significantly in china in ways that xi jinping has to contend with. he wants to take china backwards in many ways, it's not entirely clear to me that he's going to succeed in doing that. right now it seems he's dominant in that china's going to an authoritarian direction, but the fact that china opened up to the world and the fact that we have actually traded with them and interacted with them has changed china in profound ways that i don't think we've seen the conclusion of. connell: i wonder how that affects how we cover the modern day back and forth between the two countries. >> you mentioned how president xi has taken a more author tate i stance on this. he has to show within the country itself that he is a

strong leader, and he can't back down to the united states. he has to -- you can't give concessions and look like weak because there's always somebody behind him who's up to come forward. connell: i want to talk about this concept that's come up, that's been mentioned more than ever before, this word decoupling, kind of the buzzword for what might happen in the future. and the idea would be the world would kind of split into two, right? one system control by the united states, the other dominated by china. and, jim, when we were in china, we talked to a number of people about this. interesting to get their views. one was a guy who's actually an american who's worked in venture capital in beijing. we'll listen to what he had to say, here this it is. are we seeing a true decoupling? i think some companies have started to do it. >> they're starting to make those efforts. whether or not any of them are truly e self-sufficient, i think

we're years away from that, but i see an urgency and fear-driven approach because of what happened with zte and huawei that they need to decouple their reliance on inputs. connell: all right, referencing the chinese viewpoint, which we'll talk about huawei in a moment, but, jim, in your view, you talked about how globalization didn't work. are we headed to a split, essentially, between the u.s. and china? >> sure. the touchstone there is the speech that mike pence ghei in october 2018 -- gave, so-called pence doctrine. it's the only time trump didn't same something after himself. [laughter] we talk about the currency wars and the trade wars, and those are important topics, but mike pence put that in a larger context. he said we have to look at geopolitical confrontation in the south china sea, human rights violations, uighurs and catholics who are dissenters, they put you on the operating table without an anesthetic, remove your organs. that's 40 you're dealing with --

who you're dealing with. and pence really set the stage for cold war two, which is where we're going. coral col you hear that from sours on both sides, edward, a quote-unquote new cold war? >> well, the decoupling on the decoupling issue, about a month ago we did hear chinese sources are telling us the directive out of beijing is to dedown federal the united states -- decouple from the united states. the soybean industry, the imports of agriculture from ukraine hit record levels between china and ukraine. so trying to replace what they're getting from the united states. and that's, that's the way their companies are moving at this point. connell: patrick? >> the united states faces a multidimensional challenge from china whether it's on security, economics, etc. and the problem is that if we glob all those things together as one big problem, it may -- it virtually e insures that we

don't solve any of them. connell: so your point is take them one at a time. >> yeah. there are some things that are negotiable with china, some things are entirely unnegotiable with china. i think it makes sense, for instance, in some areas to decouple. it might not make sense for can chinese companies that, for whatever reasons can't comply with u.s. securities laws to be listed on the u.s. stock exchanges, trying to move them off of it might make sense for both countries. companies such as huawei may, and its role in telecom may present security challenges -- connell: right. >> -- that the united states has to respond to. but when people talk about this idea of complete decoupling, you know, we've never seen, cold war aside in which russia really wasn't the second largest economy in the world, we've never seen a world in which the two largest economies in the world are really at loggerheads with each other and trying to undermine each other. connell: that's the risk, right? what patrick e brings up in a

good point. if we do go down this road, you've got to be careful what you wish for as a kind of final point on this topic in that what happens to global growth, for example, in this hypothetical where we truly go our separate ways? >> well, people -- i keep pointing out the costs, and they're correct, there are costs to trade wars, etc., but how much does an aircraft carrier cost? it costs over $6 billion. the point is if you're in that kind of confrontation, these costs are relatively small compared to the alternatives. connell: want to make a final point, patrick? >> i think we need to be careful if we give countries and companies ultimatums, do business with the united states or china, we might be surprised which side a number of countries and companies choose. >> and china is sweetening the pot with the belt and road initiative. connell: right. it's been kind of a tough point in the negotiations here, we've been unable as the united states to line everybody up against china like some had predicted. >> exactly. the president hasn't come to those deals yet, although we do

have a deal maybe with japan, the european union. but what this has done is brought the publicity to the forefront, talking about them stealing intellectual property, forced transfer of technology from us. it has brought other countries to sort of whisper about that, starting to talk about it. not necessarily lining up behind the united states against china, but starting to talk about it and say, hey, they do that to us too. connell: all right, on that point, stay right there, we want to get into it a little bit more as we continue. technology, that's what so much of this is based on, and those two terms intersect at the infamous electronics market. we have a tour that might help you understand chinese business culture ahead. plus, fox business with a rare look inside the corporate headquarters of huawei. my interview with a topictive from that controversial company is also coming up. ♪ i'm your mother in law. and i like to question your every move. 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. most people think 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.

(thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums

here, it all starts withello! hi!...ion. how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today.

♪ ♪ connell: well, certainly you heard about intellectual prosecute theft. american companies being forced to give away crucial technology in order to access the chinese market, and almost no one disputes that's happened for many years. there is, however, something deeper at least worth looking at, and that is the role that culture plays in all of this. so with that, we take you back now to the city of shenzhen. this sprawling metropolis of 12.5 million people was just a tiny fishing village 40 years ago. now it's home to some of china's largest technology companies and the nation's best known electronics market, the multifloor shopping mall is a tech geek's dream, but there's

more to it than that. is the iphone you're looking at here really an iphone? how about the headphones or the drone? who really made them? here's a new vocabulary word. it refers to the counterfeit consumer goods, lookalikes, knockoffs, and this market is traditionally full of them. now, a although e the culture is changing in p lean years, the term has never really been insulting here. the products often had new innovations not included in the original. in the western world this edition may be seen as stealing, but perception is very different than reality in california. so with that, we hit the streets trying to get a sense of how the people and some to have government potentials view the growing tension between the u.s. and china. >> not only to the world, but also technology, this may last for several decades. connell: how has the trade war impacted shenzhen, and are you concerned at all about the future? >> shenzhen --

>> translator: shenzhen is a major exporting city e in china in 2018 our international trade stood at, actually, over $430 billion u.s. therefore, shenzhen will inevitably face e the impact brought about by the trade friction. connell: just how profound that will be seems to depend on what happens to huawei. for many in the u.s., the company is just too suspicious. the accusations of spying lead to national security concerns. here? shenzhen, huawei is the city's largest employer. >> probably one of the most advanced and developed cities in china, it's also very outward-facing city in term of its technology cluster. is so here, certainly, things seem to be thriving more than ever. the energy, the dynamism and the business activities of the city to be very strong and continuing to grow.

connell: all rightful more on huawei itself in a moment, but as the panel now rejoins us, the practical question when you look at kind of china's way of operating, ed war, i think is one of enforcement which you've reported a lot on, whether china can be count to talk about intellectual property theft, to just transform its copycat culture even if it promises to do so. >> and that's the difficulty, trying to get an enforceable agreement. that's why both sides are sort of dug in. when the chinese looked at the agreement made in may, some of the hard-liners within china, our sources say, looked at that saying they would be bound by the language, and that sort of spooked them, so they backed out of it and deleted it. that's a big issue, trying to get that intellectual property protected. companies, obviously, for years have said it's worth it to do the business in china than it is to protect our company long term -- connell: the larger point, there wasn't necessarily a gun to heads of american companies, they did choose to go into a

market, they kind of knew what they were dealing with. in bringing up -- and, guys, i'm fully aware bringing up the term culture, it's loaded in many ways. people can look at that and say that's just an excuse, it's nonsense because, you know, you can't go back and blame your culture for breaking international norms or laws. what view do you have on whether china can actually change? >> i think you're right about culture. the communist party ideology is at odds with 5,000 years of chinese culture. they've been authoritarian, they've had emperors, but they go through these long periods, sometimes several centuries, of centralization, decentralization. but china is not a particularly aggressive culture and not a particularly totalitarian culture. but what the communists are, they're the ones who are kind of on the outs in terms of the chinese. what xi is doing right now, they're setting the decline of

the soviet union. that's their model. and their view, it could have been finesse, it could have happened more smoothly, they're saying that gorbachev was too liberal, eased up too quickly, and that led to fall of communism in the sow e set union. we don't want to make that mistake, so they're going to take a hard line. connell: patrick? >> the issue of intellectual property is a very serious one, it's forced transfer of intellectual property. so if you want to do business in china, if you want access to the market, you have to either pander technology or form a joint venture and happened over your technology. by the way, that violates wto rules. it's also espionage, cyber espionage where actually, you know, chinese have set up operations to go and take information from firms in strategic sectors and then parcel them out to chinese companies. it is a very serious issue. however, i think there's been a

missed opportunity here because not only the united states is upset about this, but also europe, japan, others are concerned, and so the way that the trade war has been waged, it's been framed as simply a u.s./china issue. and china has been able to realuate simply against the united states and everybody else kind of scurries out of the way whereas, in fact, there was forming a serious coalition of countries which were concerned about china's behavior and want to change it. we, unfortunately, haven't really tapped into that. connell: you're talking about tpp or more than that? >> i think it gets into ad broader issue that we were discussing before which is, you know, if the united states wants to present people with tough choices about you go china's way or our way, then the united states has to offer something positive, not just negative. tpp was part of that, to say look, you know, you'd be part of something that moves forward in a different direction and,

china, if you want to be part of that, fine. if you want to be left behind, fine. but think really, you know, browbeating china on these issues can go to a certain -- can have a certain benefit. and by the way, you know, we have actually -- the intellectual property issue has evolved over time. it used to just be pirating cds and things like that. and the united states did negotiate tough with china in the 1990s and got some serious concessions and improvements on that biharnessing the u.s -- by harnesses the international commitment. however, the problem has evolved and with it we have to -- connell: well, we shouldn't give folks the sense that the u.s. isn't trying to get a coalition. there have been eight or so meetings with japan, the european union and the u.s. trade representative's office, but right now it's just words -- >> it's awfully hard when we're picking trade fights not just with china -- connell: well, that is the larger point, right? you look at europe as the final point, and michael pillsbury's going to join the conversation,

and we're going to talk more about huawei in detail with him, but if you look at that -- and it's a good example -- many of the european countries, certainly true of the african countries still doing business with huawei, and we're still trying to define in our own minds, it seems, what is huawei? is it a chip in the trade war or really a national security concern that we should be attacking? >> it's a major national security concern. the europeans are good at talking, but they're not good at doing anything. it requires united states leadership. the only thing worse than a poor communist is a rich communist. i don't know why you'd want to enrich the society. connell: we'll talk more about that. we'll move on and bring it back a little bit later on in the hour, but this issue of trust that we have been talking about already is, obviously, key both to the present and to the future of relations between the u.s. and china. so can anyone really trust huawei? we'll take you inside the company headquarters when "the company headquarters when "the challenge of china "cococococo

(classical music playing throughout) company headquarters when "the challenge of china "cococococo (vo) the flock blindly flying south for the winter. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event.

it's been reported that there's a cyberattack on business every 39 seconds. ouch. i don't even want to think about it. comcast business has a solution. we go beyond fast with a cloud-based security system that automatically updates, so you always have the latest protection. phishing. malware. risky sites. it can help block all of that. it's one less thing for us to worry about. comcast business securityedge automatically protects all the devices on your network. call 1-800-501-6000 today. going back to the doctor just for a shot. with neulasta onpro... ...patients get their day back... ...to be with... ... family... ...or just to sleep in. strong chemo can put you at risk of serious infection. in a key study... ...neulasta reduced the risk of infection from 17%... ...to 1%... ...a 94% decrease. neulasta onpro is designed to deliver... ...neulasta the day after chemo... ...and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy.

do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome... ...have occurred. report abdominal or shoulder tip pain, trouble breathing... ... or allergic reactions to your doctor right away in patients with sickle cell disorders, serious, sometimes... ...fatal crises can occur. the most common side effect... is bone and muscle ache. ask your doctor... ...about neulasta onpro. pay no more than $5 per dose with copay card.

♪ ♪ connell: so are we really headed into a new cold war with china? the fate of huawei might hold the biggest clue of all. blacklisted in the united states, the company either a large threat to national security as a potential conduit of spying or simply a point of leverage in a trade war. i sat down in shenzhen with the huawei executive, andrew

williamson. >> huawei is a privately-owned company, and more than that you have the unique ownership structure in which all the employees have an ownership of the company, okay? so kind of a company that's held in trust for the benefit of the employees. there is no real connection to state in china. we are part of a thriving private business sector, so i think that's probably fundamentally the biggest misunderstanding -- connell: that there's no connection between huawei and the chinese, -- chinese government, no direct connection. joined by the director for chinese strategy at the hudson institute, author of "the hundred-year marathon," michael pillsbury. michael, thank you very much for coming on for our special coverage, "the challenge of china." i'll start with huawei,

hopefully broaden out the discussion, but this idea do we have to make a choice when we look at this company as to whether it's just, as i said earlier, a point of leverage in a trade war or really a true national security concern. which is it, or can it actually be both? >> it can be both. i think the putting huawei on the entity list, the blacklist, if you will, they're not the only one. there's another six chinese companies that are on it and, frankly, it's part of a much larger problem. they used to be known as the national champions problem, national champions are companies in china selected by the government. some can be state-owned completely, some can be half and half, some can be more like huawei where there is private ownership, and it can claim to be a private company. national champions get subsidies, they get espionage assistance to be hold toll by the chinese spy services what their competition's doing around the world. they get a lot of benefits from the government. and this has been part of what china's predatory behavior has

amounted to. this upset president trump -- i think correctly -- so much. so it's unfair to sing about huawei as the demon and everybody else in china is okay. it's more like huawei is particularly successful to become the number one telecommunications manufacturer in the world. they were allowed to come into rural america and set up our 3g, 4g infrastructure. huawei is everywhere inside the united states. so we can't demonize them as evil and forget the other national champions. connell: right. >> that's the heart of the trade talks, what president trump's trying to do, make china play fair and especially cut out technology theft. and i'm afraid what huawei is guilty of a number of these things. connell: okay. is so like many things we've been talking about this hour, it is somewhat complicated which is why i wanted to ask you some questions about how you arrived at where you are now. i mean, you've been in the news a lot as someone close to the president advising on china policy, known as a, quote, china

hawk. [laughter] but, you know, those one or two-word descriptions sometimes don't kind of tell the whole story. so you weren't always in the same position as far as how you view china now. i know you've one about this, but i think it's instructive to people in kind of understanding maybe their own journey of how we should view china. what changed for you over the years? >> well, it's not just me, connell. and i write in "hundred-year marathon," it's the presidents i worked for. initially, a lot of our presidents agreed with china. they thought this is our ally against the soviet union, and china was. president reagan was a great anti-communist. he authorized cia to buy $2 billion in weapons from china to provide them freedom fighters in various places. so we then sold china weapons, almost more than a half billion dollars worth including to have to have pee -- torpedoes and

other weapons. that was the golden age of our delusions about china as possibly even replacing britain as our special relationship in the world. connell:com right. >> and china got a lot out of it. we didn't understand at the time that they had a bright future to become the number two economy in the world. we all thought that china -- presidents, i mean, thought that china would be kind of a poor, backward country forever. so our policy, these policies are all still in effect today. and what president trump's trying to do is focus on how much this has hurt america. as he says, we built or we rebuilt china, sometimes he says. connell: right. the thing that i'm curious -- >> they have stolen it from us. connell: right. and we've talked about that throughout the hour and in the context of huawei and other companies, but if we were to, you know, too accommodating if you want to use that phrase or maybe still are, is there a risk in your mind that we swing too far the other way now as this back and forth continues? >> yes, there's a risk that the chinese reaction to president trump's requests to play fair,

basically, that the chinese reaction is going to be so offensive that we'll end up with a cold war 2.0. i don't believe we're anywhere near that now. the idea of a cold war simply is not correct. our largest embassy staff in the world, 2,300 officials, is in beijing, in our embassy in beijing. we have confluence all around china. up until recently, they were our number one trading partner in many areas. we haven't is cracked down very much. tariffs can go to 50% or 100%. this is a very low level of tariffs that the president has put on. only a few of the national champions have been put on the blacklist. so i see this as early phases of a potential cold war if china resists president trump's really very reasonable requests. connell: okay. we'll keep talking about it, but mike pillsbury, it's always great to get your analysis on these issues. thanks so much for coming on. >> i'm a little bit optimistic,

i guess you could summarize. connell: we'll take things the way things have been going. we step away from some of these accusations and examine further the competition. is china ahead of the game when it comes to 5g and some of the new technologies? if so, what does that actually mean for all of us? ♪ ♪ ( ♪ ) sure, the content's easy. but then you have to connect, download, edit, reformat, output,

save, send, upload... still uploading... and maybe eventually post. this isn't working. introducing samsung business video solutions. with the galaxy note10, you can shoot, edit and post thumb-stopping videos, all from one device. samsung business solutions. ♪ ♪ ♪ everything your trip needs for everyone you love. expedia. for everyone you love. i want some more what's he doin?

but, he can't look at him! it's just not done! please sir. i want some more more? more? more? more? please sir he has asked for... thank you what? well he did say please sir yes he did and, thank you yeah. and thank you he's a wonderful boy (laugh) a delightful boy (all boys): thank you, thank you, thank you.

♪ ♪ connell: we talked a lot about

the controversy surrounding huawei. it is worth noting that the company's still a global leader when it comes to rollout of 5g, the next generation in wireless technology. is so the question is whether that gives china maybe a leg up on the united states, and we're going to talk about that. but first, we want you to see for yourself as it was shown to us at huawei headquarters. ♪ >> 5g will add $3.5 trillion u.s. to the global economy, will create 22 million new jobs worldwide, and you can see here some of the various or or industries that will benefit. manufacturing, we the, will be one of the biggest beneficiaries of 5g as manufacturing robots use 5g to control the automated manufacturing. connell: how would some of this speak compared to what we do now? >> on standard 5g in china, you will get 100 megabits on 4g. connell: right. >> if you go to other cities

around the world, you may not get quite that speed because they haven't built the same stations. but we are -- 5g will deliver up to 10 gigabytes per second. this is a realtime speed. that's fast enough to download a high definition movie in just two seconds. connell: okay. so when it comes to 5g, is the u.s. really falling behind? we have the panel back with us, jim, edward and patrick. jim, it's this point we've been talking throughout the hour of all the issues between the two countries. put those aside, look at the realities and the consequences of kind of the trade fight, are we falling behind and isn't that a major concern for you? >> well, maybe in the short run, but we don't have to in the long run. global development, middle income, low income and high income. when i study9 development economics in the '70s, we thought the hard part was getting from low to middle. turns out, that's wrong.

they can do lego-style assembly, people from the farm to the city and put things together, and they can make money. the hard part is getting from middle to upper income which would be $20,000 per year per capita, which is a pretty high hurdle. the only way you get there is not with lego manufacturing, it's with high technology and value-added. and that's the hard part. taiwan, japan after world war ii, special case, singapore and south korea. no one else has made it, and china is stuck in what's the middle income trap. the only way they can get high technology is to steal it from us, and so if we starve their exporters, that'll put a lid on their growth. connell: the question is whether the train's left the station on that. in other words, in cutting china off, so to speak, or whether they're at a point now where they have enough, and they can go on their own, and that's e a threat to the united states. what do you think? >> china needs to get out of the middle income trap, but i disagree the only way to get out

of it is by stealing from the united states. in fact, they know what they need to do. they need to reform their economy. they need the open air economy. they've been relucking about the to do it -- reluctant to do it, and in some ways, they're moving the wrong direction. the united states has its model which involves a free economy, free competition. i would bet on ours. and, you know, i think that, you know, china, it's china's model of innovation isn't going to out can it when -- cut it when it comes to making that stuff. connell: all right. there's one thing that i kind of thought of while you were speaking there about the models of innovation, edward, and that kind of applied -- maybe to 5g, but also another area which is artificial intelligence. so in the chinese model, the thinking goes, the experts have said the quote-unquote kind of advantage when it comes to a.i. is that they can, from that

top-down structure, kind of do whatever they want. they can collect all the data in the world that they want on you, and that gives them an advantage because all of that data is gathered, and then you can roll out your a.i. where the privacy concerns, obviously a good thing here in the united states in the society we live in, kind of hold us back in that so-called and competition. >> that and just getting there they have an advantage in terms of top down saying this is what we're going to do. the whole sector goes e in that direction, and it's driven by subsidies and what not. our economy it's market-based. it's very expensive to invest in 5g technology, and the high news have been -- chinese have been helping their companies -- connell: patrick, real quick. >> i remember growing up in the 1980s, and japan had a very top-down model of technological development, and they were going to eat our lunch op things like super computers. connell: right. >> and lo and behold, the united states operating out of garages,

entrepreneurs operating out of garages invent the pc, and that's, you know, that's where i think the disconnect is that i say, you know, we have our model, and i think that, you know, this notion that china's going to simply eat our lunch -- connell: not true. >> is not necessarily the advantage that it seems. >> i agree with patrick that the way off the middle income trap is to liberalize and reform your economying but that's exactly what they cannot do. the communists have a choice, if xi has a choice, they're going to maintain the party even at the expense of economic growth. >> and yet he outlined a whole series of things that china was going to do, haven't done admittedly, but that they know they need to do to break out of that trap. connell: sounds like the -- [inaudible] >> he's got the hard-liners that are behind him pushing him in the direction -- now pulling him. >> he's one of the hard-liners. [inaudible conversations] >> they seem to come together in

may, almost -- connell: well, yeah, right. >> and then all of a sudden -- connell: that seems like a long time ago. i want to squeeze one last break in. when we come back, we'll get final thoughts from the panel. there'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 -- that's 21 times more than schwab's. plus, fidelity's leading price improvement on trades saved investors hundreds of millions of dollars last year. that's why fidelity continues to lead the industry in value while our competition continues to talk. ♪ talk fidelity. are critical skills for scientists at 3m. one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around them.

that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people.

♪ ♪ connell: okay, welcome back. and as we've been talking about the challenge of china may just be getting started in some ways. so i want to get final thoughts from our panel. thanks to all of you for joining us throughout the hour. jim, start us off with what's important to keep in mind here? >> what's important is u.s. national security, and that's what's at risk. comes back to the pence doctrine. this is much broader than trade wars. my wife and i were discussing, we got some e-mail traffic about some credit card issue the other day, and i woke up -- from some

bank we'd never heard of, i log on, and there's a banner ad for that bank. that's not a coincidence. google is spying on me. if you don't want them in your pocket, you don't want them in your house or country if you can avoid that. there are costs associated with that, i don't deny that. but the costs associated with everything, and the military confrontation is a lot more expensive than changing technology. connell: edward, we'll come back to you in a moment for reporting on this but, patrick, your final thoughts on what people should keep in mind if you stay e big picture on the relations between the u.s. and china. >> we've gone from thinking that talking with china will solve everything to talking with china will solve nothing. and i don't think that either is true. the united states needs to be tough, needs to be strong, but it also needs to be discerning. it needs to separate issues where we can find solutions with china, issues where we can't but we need to manage the conflict to issues where we actually have to go to bat for things that we

believe in. and so i think that that's really the thing that we need to do, otherwise we will, in fact, find ourselves is simply in conflict with china and on the path to military confrontation. connell: edward lawrence. >> if they meet, they're supposed to meet, they've talked about meeting. there's another phone call, back and forth, talking on the phone is a good step but if and when they do meet for the 13th round of face to face talks in washington, will the chinese come back with what they took out of the trade deal last may, and that's the big question we're looking for. connell: i think whether or not the goal of this is -- and we have even had both sides this hour, jim s is a trade deal which, you know, whether short or long term, some sort of agreement that sets the rule or something, you know, larger than that in this long-term conflict. >> okay. is so china lied about exchange rates in 1994, they lied about the agreements to the wto in 2001, they lied to imf -- that's

their track record. and and so without verification, hong kong is a microcoz m. watch hong kong and you'll see the future of the relationship with china. connell: to you agree with that in terms of the importance of that conflict and those protests and the back and fort there on the larger relationship between the two countries? if so, how does it apply? >> i think hong kong presents a choice for china. in many ways it's the goose that lays the golden eggs for them. it's access to capital, access to the outside world. if they kill the goose that lays the golden eggs, it will have consequences that are innate, they'll lose that, but it will also shape how the rest of the world views china and what it has to offer the rest of the world. so i think that there's a lot at stake for china in how it handles hong kong. connell: edward, the thinking on both sides -- or maybe it differs on each side -- is that the goal here is mutually beneficial existence or it's

really going in the oh direction. >> well, that's what the chinese are saying, we want a win/win. that's what they're saying. you know, they've gotten to this point by what they've been doing, so what incentive do they have to change? and the u.s. is saying, well, you have to change, and now the president's trying to give them an incentive with these tariffs slowing down their economy. connell: it's been a terrific discussion, jim, edward, patrick, great stuff. gentlemen, thank you very much. we started the hour by telling you it's complicated, and now we hope you not only understand why that's the case, and it may be an understatement, but we also hope you have a better feeling for why the challenge of china is so important for all of us. i'm connell mcshane repororororr most people think of verizon as a reliable phone company.

but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (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.

>> fast cars, new cars, old car cars. cars more famous than the celebrities that come to see them. this is, right. what is the the concours don'telegance. the comfort level may be a little different than what they

are used to today. safety features weren't exactly standard. >> you don't want to be in the front-end collusion in this. >> oh, yeah the whole safety thing and most of us don't have a money to own one. >> can drive it later. [laughter] jeff: i don't want to get used to it, i drive a ford because that's all i can afford. but for a car lover this is almost like a dream. >> quite frankly the stuff that i see when i'm sleeping and my eyes are closed. jeff: fox business network goes to the pebble beach concours d'elegance. hi, i'm jeff flock and for the next hour we will show you up close and personal some of the vehicles. i tell you there's a new appreciation for these vehicles, we talked to young people who say they loved these old cars, yeah, they don't drive themselves, yes, they are not electric but they are rolling

works of sculptor. some of the most expensive sought after cars in the world. >> modern cars to my mind are appliances and there's nothing wrong with having a great appliance but they don't make my heart beat. jeff: it's a competition, the rarest most well resourced, very best example in the history of a motor cars. through the mountains, valleys, rocky coast of monterey peninsula, nature, man-made creations through it, mc's. >> let's see the cars drive, that's what everyone wants to see. >> they a do drive. some people don't realize that, that these vehicles are all in driving condition. is that a ferrari over there?

>> yes, it's a ferrari. these were race cars. jeff: phil hill the only american formula one world champion but his interest in the classics that turned this show around more than half a century ago. it used to be these kind of car shows all celebrated new vehicles but the older ones that we are looking at here, i mean, that's just incredible, isn't it? >> that's a packard. my father loved packards and sort of my accident. he restored his 1931 chris arrow and he was able to bring that up and he won the road races that weekend and won best of show and that was the first year in 1955 where the show started looking at older cars that were now being honored as best of show winners. jeff: you're looking at a 1928 bentley and it is the pride and

joy of rob kaufman. >> thank you very much, great fun car. jeff: can relieve -- yeah, we got in. >> great for 24 hours of a month, that's what this car was made for. jeff: what drew you to this vehicle, you have choices, why this one? >> you know, it's hard for something to make it 90 years without it being messed up. ititit was restored, the originl parts, the engine it was born with, redone, modified and that's sort of unusual. jeff: i am sitting in the backseat of 1907 napier.

looks like it same off the show. >> it looks like but it's very original. it has huge engine, very, very strong engine. in those days they made speed records and the speed records kept for 15 years. jeff: napier made by british company 24 miles per hour in 1907, world record that, indeed stood over a decade. >> my passion is to keep everything very original, don't change it, it should be there like it was in 1907. jeff: this is the french built with custom body, the owners brought it from halfway around the world to compete here at the concour. this has come from switzerland, these are the proud owners, why did you agree to bring the car? >> it's a great opportunity to

participate in this event, i always wanted to go as visitor but when you're invited to come, that's great. jeff: what do you -- what drew you to this car? >> first the looks, looks great, then history and it's quite rare, it's not like ferraris, everybody has a ferrari. >> not everyone has the ferraris jeff: one to have reasons why it attracts the rarest and best cars in the world to be judged by the most expert judges steve broward is one of the judges. 1933. >> 1933. 12 cylinder sedan.

jeff: collects the big american classics like packards, cadillacs and this. >> if you have a hispano suicia, you likely have the man who wrote the book as a judge, the greatest judging book in the world. jeff: the fame of the owner does not get your car in pebble beach concours d'elegance, now if your car is famous. >> people ask me how do i get my car in pebble beach, i'm a famous guy, do i have to right the buy car. i would say it's all about the car. >> it is a place where both the cars and the car owners are driven. >> when they bring a car to pebble breach they -- beach, they are completely prepared, someone successful in life, worked really hart, detailed oriented, has a passion for the

car, not just engineering but the history, the colors, amazing how they get into it, they did that so well in business because they were like that as well. >> and with that the engines fire up for the rest of the tour elegance. >> visceral experience for sure. jeff: as the rolling cars roll up we take you to kickoff in monterey, the original hanger party, beautiful cars and people. >> somebody that loves cars one way or another, are they here and the answer is they are i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey!

my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! (thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives.

jeff: beautiful cars, beautiful

planes, beautiful people, it is unofficial park of the concours. the brainchild of gordon. >> 28 year of putting the party together, we pioneered the concept of bringing aviation and automotive interest together. jeff: many people do so on private planes, so combined the lush red carpet party of its kind for those who can afford to be there. >> you could collect stamps or something and then you could have your entire collection in a book this size or you could collect cars in which case you have a bigger offering, let me put it that way. >> peter would know, museum in california which houses the finest collections of french cars in the world. it perhaps goes without saying that collecting classic cars

requires great resources, but turns out also it's not bad investment. >> you can collect coins, you can collect furniture, you can collect stamps, you can collect gold, so which of those collections have grown in value over the last 10, 15 years, the answer is collectible cars have led the pack more than any other single collectible item. jeff: when it comes to making money the keys are scarcity, pedigree and possible fame. this is the world's most famous car. >> undoubtedly. jeff: it is, right? >> yes, 100%, this this is the s ashton martin. jeff: i'm told this has 13 different gadgets, we didn't see them all in the film, i don't think. >> quite amazing the car built by ashton martin with those very

gadgets. >> as you saw here, the bullet proof screen. jeff: what else am i looking at here? >> smoked screens, the machine guns do in fact, bang and do repeatedly. jeff: the james bond car sold for $4.6 million. why? >> first and foremost it is a dv5, a beautiful stunning car on itself. jeff: pedigree. >> to have the film, authenticated by the factory, in an auction standpoint that's opportunity quite frankly, one of the opportunities not to be missed, again, the most famous car in the world. jeff: while the bond car was restored there's another trend in collector cars leaving worn enough alone. allen continues our tour. >> okay, we all know what the

logo is, but i tell you i'm drawn to the seats, look at the seats. >> that's the originality you can't replicate, it's meant to be that way and in our humble opinion it's a darn hard thing to restore. i believe that's the only remaining california spider that level of originality to it. jeff: another example of increased value, this ashton martin db2. looks like it came out of a barn. >> right. jeff: it did? >> it's original 1 and has so much character, tells a story, incredible by charming and as we say if you were to restore it that's irreversible decision. jeff: later we will take you inside the good&company auction and what was the biggest auction winner of the week, but next up while the concour is all about the classics, the great past -- cars to have past, the world's

most exclusive automaker use to take wraps of new car that hopefully one day your children will treasure. when we come back we take a ride in a car built in méxico by a in a car built in méxico by a mexican company and it's the doctor's office might mejust for a shot.o but why go back there when you can stay home with neulasta® onpro? strong chemo can put you at risk of serious infection. in a key study neulasta® reduced the risk of infection from 17% to 1% a 94% decrease. neulasta® onpro is designed to deliver neulasta® the day after chemo and is used by most patients today. neulasta® is for certain cancer patients receiving strong chemotherapy.

do not take neulasta® if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. if you'd rather be home ask your doctor about neulasta® onpro. pay no more than $5 per dose with copay card.

what are you doing back there, junior? since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass. oh boy... the my account app makes today's xfinity customer service simple, easy, awesome. not my thing.

some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. >> absolutely, i think that's what we are, we are true to our history but at the same time when you look at concept cars, that's what it's all about, the promises. jeff: making u.s. debut, this is

the bmw vision, the company's vision for the electric future, plug-in hybrid with twin electric motors delivering 600-horsepower. bmw also unveiling a recreating version of legendary concept car, the garnish which went missing after it debut at 1970 geneva motor show. ♪ ♪ jeff: in an explosion of music and color rolls-royce revealed pebble beach 2019 collection, clients attending car week in m monterey, unveiled but already spoken for as well, the lamborghini, 63, named to mark the year the company was founded and they're making only 63 and all of them are sold. even a more limited edition, the

110th anniversary of bugatti, ceo gives fox business a look at a car only 10 people will be permitted to buy, also limited the top speed, that's 236 miles an hour, though, it could go faster without electronic governor. >> engine with 16 cylinders, it has 1,600-horsepower which is incredible. >> and if you can't afford any of the above, bmw also chose pebble beach to bring out the production versions of m8, starting at $133,000, the new flag ship model of bmw line lin. clutch to press, brake to press. one of the most intriguing unveils comes from the company south of the u.s. border. >> we are getting a ride in something that i almost want to

say guaranty you have never seen before. this is the only vehicle currently designed and built in méxico by a mexican company. the company is buhl, long u, street legal but a racer and goes very fast, 170 miles an hour. goes 0 to 60 in 2.7 seconds. >> it's called the buhl rr for road and racing and the brainchild of these two bears, echeverria brothers. are you're right, jeff, we are proud to launch the buhl branch by the way. >> vehicles of ultra lightweight and high performance. >> kind of interesting niche, right, these are street legal cars but they go very fast. >> yeah, i would say those are

race cars for the road. after a subtle warnings. >> i suggest you play it -- jeff: don't goof around. took it out on the road. as far as you can tell it's got the the power to the point that andy is saying, jeff, i hope you know what you're doing. not necessarily, i didn't crash but survived to continuing the story of the vuhl. you're the only one that are making cars in méxico that are mexican companies. >> it's the only one at the moment, mexican funding with mexican owners, my brother and i. jeff: have you had enough cars for the moment and need a short break, we got you. you're looking at the first ferrari engine ever put in a boat and the man who owns it,

milton. wow. >> it's great, it's great. >> one of find -- kind, it pushes 500-horsepower which back then there was nothing more than around 300, 350, so inzo himself worked on this boat and they designed the -- the super chargers, the heavier magnitos so you could put 24 spark plugs. just gigantic, look at it. corroborators and all. jeff: not only is it a big engine, it set the world record back in 19 -- what was -- >> 1952o. jeff: of 150 miles an hour on the water. >> that is correct. jeff: thank you and thank you for the interest in preserving this iconic piece of history. >> yeah, i'm actually

considering selling it because i've had it for 7 years. jeff: you're willing to sell. for the right money. we are hoping to get 20 million. jeff: one of a kind, yours for 20 million or so, give or take. >> give or take. jeff: coming up it was 100 years ago that wo bentley launched a car company and one of its own is a top contender for best of show, bentley's usco celebrates occasion by taking us for our ride. >> enjoy working and in some cases -- cases --

(brakes screeching) okay. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies? not flip. (honking, gasping) this isn't working. introducing samsung business security solutions, with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions.

>> bentleys are cool, the world's fastest truck as bugatti said. one hundredth anniversary to have bentley, that dates back to 1929, all the way to birth, this is a one from '28. this is from 1924 and you really got into the beautiful ones, this from 1935. that's a bentley derby sports saloon. next to that, 1927 bentley. 3 litter -- liter in that one,

another convertible. this is a core liter dating back to 1931, this is the one we are driving and i think we will get a chance to and who better than the ceo of bentley today, about 100 years of this extraordinary automotive company. is it hard when you have such tremendous history to live up to that or top that? how can you top some of those old bentleys that you see that are treasures? >> yes -- [inaudible] >> consistent to our dna and combination of luxury and attention to detail, together -- [inaudible] >> to fall down, but if --

[laughter] >> it's a very powerful car. jeff: bentley with resources of corporate parent volkswagen has strong lineup but struggled with sales, losses in the americas but gains in china. right now despite fears about the global economy, things are good, yes? >> yes, i mean, i can send -- [inaudible] >> so far it's been good. jeff: the luxury market. >> the luxury market is very strong. we hope to continue this way. anyway, what can we do about it. >> still it's hard not to love the old bentleys, in fact, 1934 competing with this plastic, let's meet the owners of this one and see what they went through to be here.

over the years the french have built beautiful vehicles and richard and melanie, love theirs, what is this melanie? >> 1938talbo lago and it's a tear drop. >> they bought the car that it was restored and learned it wasn't a redo faithful. >> they actually researched the coach builder who grandson or son -- >> son. >> son lives in paris and he had all the archives in his basement. jeff: this car? >> yes. and so paul russell and his people, they went to paris i think 3 times and they researched what this car was originally was. >> we stripped the body completely down and mechanicals, power steering and engine,

rechrome what needed to be rechromed? >> how long a process? >> the years. jeff: claims as the world's finest restoration workshop, he and cars go back a long way. >> having a ride in austin healy that was clearly built for entertainment and not for transportation. that kind of -- [laughter] >> that did it for me. jeff: the computer will never drive an austin -- >> the vehicles represent our technological heritage and i think it's something to be recognized and preserved. jeff: which is now the only school in the country to offer a degree program in auto restoration. 21-year-old blake is a junior there. >> from the beginning i picked up a paint gun, i fell in love with it, there -- it was magica.

jeff: he got bitten by the bug and soon has love for restoring old cars. >> i thought that that was a totally unique experience, most people my age aren't really into cars anymore and we are kind of unique at mcpherson college. jeff: donated a million dollars to the automotive restoration, as for their experience -- >> one of the most enjoyable aspects for me was the fact that melanie enjoyed it so much. jeff: still married and everything? >> i know, it's worst than building a house. >> she hasn't seen all the bills, we may not be married for much longer. jeff: as for nate he has a message for fellow millennials

that see cars like appliances than art? >> these cars are like nothing else on the planet and they all have a story to tell. >> when we come back we take frit the 1% to the third world of the auto world. we are looking at a diesel cadillac, mid-80's, one of the worst cars ever made, finally something i can afford. >> 1965desoto, on top of truck. jeff: what possessed you? >> i wanted to do something different and i think we accomplished most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business.

(second man) virtualize their operations.ad (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.

>> welcome. >> cars >> you could get a look at grease lighting from the movie grease and batman, the beatles and austin powers and being fully loaded and i think something that may be the best of all worlds. [laughter] >> yes, what's under the hood, jonathan. >> just a little something, something. >> this car is not what it seems? >> that's the whole point. the whole idea is as found, make people smile, no judgment, but

enabling you to get out and enjoy it, so it's classic transportation revisited in my modern concept. >> modern car in every way except sort of by the way it looks. >> if you had a preset button, the volume out of control circuit volume, high-end digital, it's the best of both worlds. jeff: you get a door ding in the parking lot. >> lighten up, pick your battle. jeff: what looks like a piece of junk to a real thing, quite a hood ornament. it's been called oil stain on the motor week in monterey. this is an old volvo with sticker on it perhaps you see,

this is one in the category of swedish meatballs, others include japanese appliances, japanese cars, british, rust belt american junk, well, you get the picture. is there a most rusted award because i will nominate this fellow, 1961 mercury. >> that was our finest ford product this year. >> 1946 chevy, 1 and a half tons, original work. >> he always wanted a unique truck. >> is that a barbecue? >> yes, it is. jeff: close to the feel tank and all? >> no, it's on the opposite. jeff: could only get insurance if she only agree today drive it for shows, she actually drives it all of the time. >> i'm not going to admit in any media that i use it anything other than for shows, show car

purposes. >> it's our secret. >> built to transport electrical mechanic and the funding ran out. jeff: that's an award winner. what did the gentleman do to deserve this award? >> he is -- well, he stayed all morning, so that's -- >> still here. >> at the concours d'elegance they spend millions and work for years to win an award. here at the concours d'elegance entrance have a slightly different attitude. >> you have won an award -- >> i think he's won it in some jurisdictions. >> just dropped the value of the car. >> tremendously. jeff: what is this, by the way, sir? >> i can't pronounce it but i know the translation, the translation is small water droplets. it looks like more like an armadillo. >> it's pink on top of everything else. oh, okay. >> you has this was custom.

jeff: could this be a ferrari? sort of. >> this is a '96 fierro. jeff: that would be the pontiac. >> we don't know what the owner was thinking or what he was high on. jeff: did you win it in a bet? >> we found it in ebay, it did not run, was sitting outside. you have different class awards but you don't want one guy winning four awards. jeff: really suck. >> i don't want to go into their head, they'll get a big head, we don't want that. jeff: we know where those guys are located, they are across town. >> we try to bring levity back. i think we've done. jeff: organizer of the chaos, alan puts it like this. >> you don't have to be a millionaire or billionaire to have fun here. jeff: especially if you own a

yellow 1974 amc gremlin. how long have you had the car, sir? >> 5 or 6 years now. jeff: beauty. >> did you lose a bet buying this or did you buy it on purpose? >> i bought it on purpose. jeff: next. >> 900, 1 million. [cheers and applause] jeff: some more people buying cars on purpose. >> thank you very much, indeed. >> thank you very much, indeed. jeff: no gremlins plastic.

it's our most dangerous addiction. so we took our worst vice, and turned it into the dna for a better system. we created bionic and put the word out with godaddy. what will you change? make the world you want.

♪ ♪ >> congratulations. >> this is what it looks like inside one of the multiple auctions that take place during the week of the concours, the

good&company auction, charlie ross next to david gooding. they are auctioning a porsche. in just a moment we will see what is the biggest winner to have auction week, the most valuable car to be auctioned during the week, but first i want to show you some of the other vehicles that are on auction this week. >> we really scourer the world. jeff: variety of french cars. >> 1962 satron and has unusual custom coach work, it's called ladende. jeff: does it means what it means? >> it's a dande, exactly. all we have formula 1 ferrari that he won championship with.

jeff: actual car? >> yeah, two races with the car and overall championship in the season, first time it has come to auction. jeff: what's the significance of this ferrari? >> one of the most gorgeous we have. it was built to compete and in the tour of france rate in europe and won the overall race, quite a successful car. jeff: many of the cars are one of a car truly. one of a kind, it's the only one in the world, 1953, 3,000 with a one off coach work. absolutely stunning car, a show car all throughout europe. >> yeah. yeah. the one of a kinds are particularly valuable. >> yeah, i mean, when they are one of a kind it's hard for us to put a value, who is to say

there's no comps, we have to look at other similar one of a kind cars and make comparisons. jeff: the auction continues back in pebble beach, as you can see maybe the dollars or the values are in both british pound, the euro and the swiss frank, this represents the buyers out there and what sort of money they all bring to the table, for now, let's take a break, we are going to be back in a moment with 44, that's what we think is going to be the most valuable car auctioned all week. i want to introduce you to that car right now. ♪ ♪ jeff: it is perhaps no surprise a ferrari. but this one is a 1958 california spider, only 50 were built between 1957 and 1963, auction boss david gooding, v12 engine born with important to

collectors and restored to 1958 show room quality. ♪ >> lot 44 of 1958 ferrari, long wheel base. jeff: this is the one we have been waiting for, ferrari, california spider, long wheel base, convertible. this has been meticulously restored, this is not the original color, though, although some people think the gray color is maybe more compelling, i don't know, but this is one -- because of the restoration rides and drives tremendously well, it's the star of the show, we think. let's see where the bidding goes. >> 3 million. 4 million, 5 million. jeff: this is one where we have bidders around the world both online, by telephone, as well as the halls of the

gooding&company. >> 8.7. jeff: has met the reserve. we learned that it will be sold the cars don't meet reserve and not being auctioned without reserve, then they can be pulled back and not sold and looks like that may be it. >> 9 million. for the third and last time sold your car, well done. [applause] jeff: two bidders one on the telephone, another folks in person, when they walked out of the hall it was clear the folks on the phone got it for $9 million so far the highest bid, the highest sale at the show. we are almost to the end of auto week on the monterey peninsula, that means one thing we are about to learn the coveted best

in show, would it be ferrari mm and 1928 bentley, 1938 french tal-bo. napier from holland, you are one commercial break away from finding out. >> quite frankly nobody needs to be owning any of those cars. really, you could argue all day long, do you need a beg -- at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk.

♪ talk, talk (thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums

a more secure diaper closure. there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people.

>> 2019 pebble beach concours d'elegance winner is 1931 bentley. [cheers and applause] jeff: perhaps it was destined to be bentley's year on 100th

anniversary of its birth, this one went 100 miles per hour, bentley's first win in concours d'elegance since 1965. the 1938 talbo-lobo came up short. >> a lot of people did tell us they thought we had the most beautiful, quote, unquote, elegant, striking car there. jeff: take of class sales is what more than magazine called $145 million, a third less than last year. even though is ashton martin 4.6 million, the french from 1913 went 2.6 million, 1930, model j sport snagged 2 million, the 78 ferrari, 312t driven by

nicky, hit 6 million, california spider brought in 9.9 million u.s. dollars counting the buyers premium. there's also evidence in new crop of aficionados maybing finding antiques as treasure worthy. >> we refer to them as young-timers, cars of 80's and 90's, what poster did you have in your bedroom wall? well, those cars are considered classic cars. we have jeff even the 80's? >> even the 80's. jeff: will soon have a college degree in the trade. >> paint and metal work is something that i absolutely love. i want to do restoration work and i want to recreate and just be a part to have history of these cars. jeff: auto week here in monterey has come to a close.

it really was an extraordinary gathering of car and car lovers and automotive history and comes in a time when experts say pretty soon cars will be replaced with the ones that drive themselves, the roar of the engine will be replaced by the silence of electric power, important to note, the gas powered engine in these cars revolutionized the way we get around the world, horses to motorized vehicles but also important to note that when that happened the horse didn't go away, it was simply freed from the tasks of plowing and hauling and daily commute, free to be celebrated for its beauties and capabilities, now it's all about the ride and the race, something tells me that whatever happens in the future the motor car will be celebrated in the same way. hope you've enjoyed our special

presentation on fox business network, i'm jeff flock at pebble beach, as they used to say at the old gas stations, say at the old gas stations, happy motor harvey levin: the objects people choose to keep in their home define who they are. this is... i'm harvey levin. this is a story about the babe ruth of professional wrestling. the incredible hulk hogan! harvey: hulk hogan put an entire industry on the map, but not without paying a heavy price. hulk hogan: the knees are fake. the hips are fake. the back's full of metal. harvey: hulk hogan became one of the most recognizable and beloved figures in the world, but behind the scenes, terry bollea's life was crumbling. you literally had a gun in your mouth. yeah. harvey: an illicit sex tape would bring this american hero to his knees. you used the n-word.

if this tape wasn't leaked, do you think you'd be using that word today? but the scandal that could have broken him that is i'd work hard. i'm in check with myself. i'm happy, brother. harvey: hulk hogan, a life of the highest highs and the lowest lows. oh, my gosh. - it is so good to see you. - hey, my brother. usually i see you in gold's gym. that's true, in los angeles. well, we're far, far away. have a seat. well, thank you for coming. so, um, i want to spend some time going through your life. but i want to do it with things you chose to keep over the years that are important to you and help define who you are. so i'm looking at that. what is it? my dad worked construction his whole life. - right. - he dug ditches. he put the big storm drainage in the roads. this was in florida. and when i was about five or six years old, my memory is having this little gas truck. -it was pink. - harvey:why save that?

what does it represent? it symbolizes how i grew up. i grew up in a very small, square little house, 650 square feet. and he had a tough life. my mom was a housewife, and i kind of kept this truck to make me realize i always wanted to work hard but i always wanted to make sure that i raised the bar. you know, and i never wanted to be in situation like that, where-- i remember them living check to check. there was always talk about my dad's income and always talk about what bills to pay. i just made a decision that i never wanted to be in a situation like that. what are your thoughts right now, mrs. hogan? your son, the new world champion. i'm so excited i don't know what to say. you are not a tough guy by nature. - no. - 'cause it's odd that you're this-- the icon of wrestling, and you weren't really a tough guy growing up. hulk: because i was fat, and my head was so big. i got teased, but i wasn't a kid that wanted to fight. i was always really mellow, and i would avoid any type of confrontation. even through high school, i never got in any trouble with fighting.

i didn't fit in. i went all the way through high school, and i think my senior year i finally had a girlfriend. i think because i was so heavy, you know? - it was just tough. - when did you lose weight? right when i was getting out of high school. i started eating burger king once a day and drinking diet cokes, and i started getting into lifting weights. how'd your mom influence you? hulk: my mom played piano, and she was our music teacher in the neighborhood. and so she would play all the time so i got real interested in music and i was very young, about 11 or 12 years old. my dad bought me this really expensive guitar. - is that it? - yeah, that's the guitar. - that's the guitar? can i see it? - yeah. and you played this? uh, yeah, i did for many years. you were in a band? i was in several bands. let me see this thing. this is amazing. this is really cool-looking. - yup, still plays. - ( harvey laughs )

was your passion music or sports? my passion was doing anything to avoid working a real job. i was out on the weekends playing music and making money. harvey: your brother, he had a very rough going in life. hulk: he had a tough time with running around getting in trouble, you know? he, uh, got married to an older lady, had a beautiful family and passed away quite young. he just went down the wrong road. and got into drugs. - yes. - harvey: and trouble. yes. i can see it is still emotional for you and he died many years ago. as hard as this is to say, some people are in your life just to teach you life lessons, and when i look at my brother i look at nothing but positive stuff. i wish he was here, i keep a picture of him up in my house, a couple of them, and i wish he was here, but now i understand that he was in my life

to teach me a life lesson. what's the lesson? of how to correct myself and reboot, which i've done over and over and over again until i'm finally happy with myself. how did he die? um... i'd rather not talk about that. fair enough. so, all in all, your childhood. um, happy, challenging? i look back on it now and wow, it was-- it was pretty darn rough. i mean, it could have been better but i didn't realize at the time that there was anything wrong. so i had a great childhood. - harvey:this beach shop is awesome! - hulk:thank you. well, this is like the transition. you know, i'll always be part of wrestling so there's a lot of wrestling stuff in here and you know, stuff from my career and memorabilia plus since i'm on the beach and i'm the official beach bum around here we're making the transition with the beach hats and the board shorts

so it's a beach shop for everybody that comes here to orlando. what are these? okay, these are the boots-- as you can see they're pretty worn out-- that i wore in "wrestle mania 3," and body-slammed andre the giant. harvey: this was to me the biggest moment that i can remember in your career. this-- you picked up a 700-pound guy. hulk: yes, sir. this moment etched wrestling in the wwf/wwe in history that we were not going anywhere. this was a huge gamble. we didn't know if we would pull if off. 94,000 people. i do not understand how you can lift a 700-pound guy in the air. with a lot of help from him. it was a situation, if you watched the tape, when i went to go underneath andre-- ( roars ) when andre was coming, his arm went around my neck. - right. - well, actually this way. - went around my neck. - oh, he helped you. and he pushed up on my thigh. announcer: we're seeing what this guy is really made of! what he is! the greatest professional athlete in the world today. look at this!

in front of him! i don't believe it! i don't believe it! hulk dropping a big leg! over for the giant! it's over! - harvey:but still. - hulk:oh yeah, but it was okay when i got into here. and then when i got into here, i had all this weight and i had to turn him. and that's how i tore my biceps. both biceps are torn. harvey: so that moment is when you tore the bicep? hulk: yeah, yeah. when i tore 'em. harvey: what about the back? well, my inserts-- and up here where my back's supposed to-- i've got a big hole in my back from turning him, but, uh-- was that worth it? - yeah. - oh, god. it was a one-time deal for me. yeah, one-time deal. but that moment changed my whole career because hulk hogan was off and running and hulkamania was off and running but that put me on a rocket ship. so, when you were growing up, you didn't like contact sports. - no, not at all. - you shied away from them. not at all. i didn't like any type of confrontation. so, how'd you get into wrestling? i was a huge fan. i mean, i just loved it.

i grew up watching it. but you never joined the wrestling team in high school. no, sir. i had a really good band. and right when we were getting ready to hit the road, one guy was getting married, one guy's wife had a baby and nobody wanted to go. i said, "that's it, i'm done, i'm gonna go be a wrestler." so the worst thing that i did was i went all around tampa telling everybody i was gonna be a wrestler. the first day they took me down there, they broke my leg on purpose the first day. if wrestling were not fake, would you have done it? at the time, i didn't know-- - you thought it was real. - oh, yeah. i didn't know it was predetermined back then. i guess when they break your leg, that kind of confirms it, right? but yet you didn't like contact sports. that's right. so i don't understand that. i don't either. - ( laughter ) - i just love wrestling. i was intertwined in society-- americana. i was americana at the time. so why flip it and become a bad guy? well, a lot of reasons. you have to reinvent yourself in the wrestling business and i wanted to be a bad guy because i thought i could make these good guys hulk hogans.

i would get booed so much that i could give them my oomph. that's when i reinvented myself. that's when i said, all the training, the prayers, the vitamins, all the stuff i did for the kids, i did it for the money. you fans can stick it, brother! yeah! because... if it wasn't for hulk hogan, you people wouldn't be here! hulk: i thought i'd be the ultimate bad guy, which i was. i'd beat guys up and then i'd cower like a chicken and beg for forgiveness and wanna shake hands and blow-- cheap shot 'em, you know? but the people cheered me and it backfired on me. i became hollywood hogan, that bad guy, in the back, with the black beard. and people were cheering me out of the building. it was amazing. the lines had gotten blurred at the time, so there was this big gray area in entertainment that the fans thought it was cool to cheer for the bad guy, hollywood hulk hogan, so i became bigger than ever again. ( announcer shouting indistinctly )

it's kind of a statement about america, isn't it? that all of a sudden the bad guy gets cheered. yes, sir. it's kind of scary. i've had 17 surgeries in the last 10 years. oh, my god. what's not original here? hulk: the knees are fake, the hips are fake, um, the back's full of metal. and part of my face is full of metal. i didn't get the memo about the fake wrestling. - i was gonna say. - yeah, i missed that part. i didn't get the memo about the fake wrestling. most people think 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.

and my lack of impulse control,, is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me.

sorry! he's a baby!

okay, i think i know what they are, but tell me. voila. these are my very, very, very, very, very last set of crutches. - your last set? - yeah. when i first sent my first picture to jennifer of me in the gym i was posing, showing my tricep, and behind me there must have been 80 crutches, 'cause i saved all the crutches-- you get two at a time, by the way-- from all the surgeries, and even since i've been with jennifer, i've had 17 surgeries in the last ten years. - oh, my god. - hulk:my knees, i've had three or four surgeries on my knees, each knee before i had 'em replaced. harvey: what's not original here? hulk: the knees are fake, the hips are fake. the back's full of metal, and part of my face is full of metal.

oh, my god. tell me about the injuries. i didn't get the memo about the fake wrestling. - i was gonna say. - yeah, i missed that part. it's pre-determined, you know who's gonna win or lose, but what people don't understand is that it's very physical. and back in the day in the 70's when i first started, i still got, like, teeth marks on my finger. - there's a eyetooth there-- - i can see it! teeth marks of people trying to bite my fingers. oh, my god! had my eye reconstructed a couple times from getting hit in the face, nose broken 13 times, all these teeth, these fake teeth have been knocked out six times so, it's been a wild ride. i remember reading things that you were 6'7" or 6'8". - yeah. ( laughs ) - i gotta say, you don't seem 6'7" or 6'8" and i don't know whether there's a connection here. - hulk: you're killing me. - harvey:you see, not that you're not tall, - hulk:yeah. - harvey:but you don't seem 6'7" to me. i was 6'7" before the "rocky" movie. - how tall are you now? - i'm 6'4" and a half. how could you lose almost 3 inches? fast forward 35 years later? dropping a leg drop every night on my spine, two knee replacements, two hip replacements,

nine back surgeries. when you get older, you kinda crunch up a little bit anyway. all those things added up so you know, it's very physical. there are some wrestlers and maybe a lot of wrestlers who deal with this with alcohol and drugs because of pain. - yeah. - how common is that? it's very common. when i was wrestling full time, all of us did. that was the norm to survive. it's hard to believe when you see somebody this big that steroids is not kind of the common drug in the ring. okay. - you ever do it? - yes. - yes. - there was a time you said no. yeah, one time. i've trained 20 years, 2 hours a day to look like i do. but things that i am not is i'm not a steroid abuser, and i do not use steroids. and actually when i said no, i wasn't on steroids at the time,

so i was playing with words. knowing what you've gone through, if you could make a decision again on whether to go into wrestling having become the bionic man, would you do it again? commentator 1: a running clothesline! and macho going after the eye! - oh, no! - commentator 2:a fly! commentator 1: he fly-plants hogan! oh, yeah. i'd do it all over again. so tell me what that is. well, this is the second or third attempt by stallone to get ahold of me for the "rocky 3" movie. vince mcmahon sr.'s secretary got a handwritten note. well, i called him right away, and the whole story is i flew out there, got in the ring with him. we did a couple things. he tried to hit me a couple times. "see if you can grab me pretty quick, big guy." -which i did. - harvey:this was an audition. hulk: yeah, and they were filming everything. and so, i didn't have an agent,

never had done anything before. he goes, "i'll give you $10,000 to do the movie." i went, "nah, i want $15,000." so i did it for $14,000. - no. - yeah. wait a minute, he negotiated you down from 15? ( chuckles ) well, yeah... i apologize. first of all, you should have gone for way more than 15. well, i didn't know. ( cheering ) where are my love slaves out there? thunderlips is here, in the flesh, baby! now the character was great for you know, the females. it's the ultimate male, thunderlips. look at those lips. it helped you get laid. i'm talking about it helped me attract the opposite sex. good match. hey, why'd you get so crazy on me out there? that's the name of the game. you ended up on the cover of "sports illustrated." i can't get over that, because wrestlers weren't on that magazine. and to be on the cover, that must have been a moment for you. ah, it's never happened since. i've been the only wrestler ever to be on the cover.

and at the time we had not deregulated wrestling, which means we didn't tell the people it was an actual exhibition and we know who's gonna win or lose at the time. we were still fighting that fight, you know, saying, "this is a real sport." and i think hulkamania just got so popular and it was a such a cult following that "sports illustrated" didn't really have a choice. what was so crazy is when i went back and i wrestled the iron sheik, it was a perfect storm. iran was holding, like, 400 hostages at the time. the iron sheik was really the real deal. he was the shah of iran's bodyguard, he was the real deal. and i was doing all-american hulkamania thing: tan, full head of blonde hair, the real american, so, it was like the perfect time for this thing to take off. harvey:and it became really almost a show of patriotism in weird way, right? yes, sir, it sure was. commentator: and now, world wrestling federation heavyweight champion, the incredible hulk hogan!

i think changed the sport and the crowd because you were the first true entertainer. and i did that because i was not the greatest wrestler. i wasn't the greatest technical wrestler, but i'd had enough that i knew how to create emotion, how to create excitement, and tell a good story when i was in there. and i just prided myself on telling stories. what was the biggest perk of being a celebrity? the biggest perk of being a celebrity... probably would have been at the airports. harvey: what? you got through faster? ( laughs ) hulk:well, you'd get through faster but then when you got to the gate, there'd be so much chaos because i'd stand next to-- "oh, is the plane on time?" and we'd get swarmed by so many people, the gate agent would go, "get him on the plane as soon as you can." harvey: that's funny. biggest drawback. biggest drawback, having to maintain and just really be cool and calm when it got extra, extra, extra, extra personal.

they get me, like, caged in and i can't go nowhere. why can't they just calm down a little bit? because you're hulk hogan. i'm hulk hogie. when you're sitting there with your wife and kids and you're eating dinner and, "oh, hulk hogan, i want an autograph! i'm your biggest fan," and their pack of cigarettes would fall in your food. - good to see you. - how are you? - are you enjoying your steak? - i'm trying. you just had to go, "i love you, brother. i'll take that picture and sign an autograph with you after i finish eating." there was a low point in all of this where you literally had a gun in your mouth. how did you get out of that? well, i got to a point where everything kinda hit me at the same time. so how'd you get out of that? i made friends with laila ali. laila ali in some ways saved your life. i really believe that, that if she hadn't called just to say hello... it might have changed.

( ♪ ) sure, the content's easy. but then you have to connect, download, edit, reformat, output, save, send, upload... still uploading... and maybe eventually post. this isn't working. introducing samsung business video solutions. with the galaxy note10, you can shoot, edit and post thumb-stopping videos, all from one device. samsung business solutions.

how did you find great-grandma's recipe? we're related to them? we're portuguese? i thought we were hungarian? grandpa, can you tell me the story again? behind every question is a story waiting to be discovered. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com

harvey: so, what's this? this is a card from my soulmate, jennifer. - harvey:your wife. - hulk:my wife. yes, my wife. and this is a letter she wrote me. - harvey:when was it written? - hulk:oh, my gosh. well, this letter was written 12-14-15. i've known jennifer almost ten years now. so, um, this on our fifth anniversary and here's has a really cool passage in here. "you are my best friend. i am very proud of you for how you've handled the different challenges that have come up. now i feel it's time for you to be rewarded for staying in faith, time for you to help people even more. i love you so much each day. i'm totally grateful for being blessed with such a wonderful husband. love you for life after life after life, bird." - can i take you way back? - sure. so, jennifer is not your first wife. you were married actually once before to linda. what attracted you to linda? i just filmed the "rocky" movie and i was hanging out with one of my buddies that went

to high school with me here in florida. i just saw linda, was attracted to her. you know, she was a beautiful-looking lady and she was just alive with energy, you know. harvey: was she attracted to terry or hulk? i don't know the answer to that. i just think that as the pressure mounted and we got older and the kids get older, we just grew apart. was it coincidental that the marriage crumbled around the same time as the reality show? you know, i don't think you can put those two together like that. - what's up? - i can't live like this, terry! every day, it's drama. it's just ridiculous. in case you can't tell, i've had it, okay? i'm spent. - i got it, i got it. - i don't want to make it work anymore. - i'm like over it! - well, i'm done with it. i knew that one of the problems in our marriage was linda, she said, "well, i've helped you all these years

and you know, i didn't have a career." and i looked at the reality show as a calculated risk because my marriage was already starting to implode and things weren't good at all and i thought that maybe if we did a reality show, everybody would get busy, have a huge net worth, feel great about themselves. "oh, man, isn't that great? get a good show..." and it would just make things just channel in a different direction. that didn't happen. no, it didn't. it didn't. harvey: you know, when people get divorced a lot of times, you split things 50/50 down the middle, - hulk:yeah. - harvey:and you move on. i read that you gave way more than 50. that was a big deal. hulk: it was a huge deal. my understanding was it was about 70% you gave up. ( clears throat ) there was a low point in all of this where you literally had a gun in your mouth. how did you get out of that? well, i got to a point where everything kind of hit me at the same time: the divorce, my whole world falling apart, both of the kids were with linda. and that's how i ended up playing with a gun. so, how'd you get out of that?

i made friends with laila ali and during the day i had several phone calls and i picked it up and said, "hey, i'm just checking on you, i wanna make sure everything's cool. you know, we haven't talked," because we were doing "american gladiators" together. - harvey:right. - i said, "everything's fine, everything's good." i'm crying, you know, sitting in the bathroom. did she have a sense? she knew something was wrong with me. so she literally calls you when you're holding this gun. - yes. - wow. and just her saying hello to me and saying, "hey, we're just checking. i wanna make sure everything's okay," that pretty much woke me up. in that moment, i said, "you know what? there are a lot of good people out there." so, laila ali in some ways saved your life. i really believe that, that if she hadn't called just to say hello, you know... it might have changed. have you told her that? i can't remember if we've talked or not. so let's talk about jennifer. tell me how she changed your life. hulk: oh, my gosh. she just, um--

we just kind of hit it off, and to be around somebody that was enlightened and real spiritual, which i didn't even understand. every single day now is a good day for me. i don't have good and bad days. i've got good days and i've got better days. what went through your mind when you first heard there was a sex tape out? i mean, you used the n-word in this sex tape. that was the nuclear bomb, right? yeah, it was. if this tape wasn't leaked, and suppose there was no gawker trial, you think you'd be using that word today, when you got angry? ♪ ♪

♪ everything your trip needs for everyone you love. expedia.

♪music time and time again, you know when i'm doing street magic..i'll walk up to someone

and i can just see they're against me right? they don't want to be amazed. they don't want this experience to happen. but then the magic happens. ♪can we be there? and all of that falls away. ♪oh, just think of the time ♪i know that some will say come on man! ♪it matters a little babe. stunned. i believe in magic. it's the experience of waking up and seeing things the way you saw them before they became ordinary. ♪i needed to try (amazement & laughter) ♪i needed to fall that's the goal. i'm looking for that experience of wonder. ♪i need never get old

so tell me what this is. dying to see. well, this is the legal pad that i had in court with me during the gawker trial,

and what i did all day long was write. i just wrote all day long. were you following the trial with this? no, i wasn't following the trial. these are just, like, affirmations, you know? "i am only victory." "perfect health." - in the middle of the trial? - "god fights and wins all battles." "still and stay centered." if you read all the stuff, i was praying the whole time. this is all "god, god, god, god, god." yeah, i mean... when i would go in there, i would walk in-- i would walk in with light, with this high vibration. i'd write-- you know, i'd pray for these very talented lawyers of gawker to see the error of their ways and become great lawyers and help people. why did you sue in the first place? i sued basically because i never wanted anything like this to happen to anybody else. when they first put the tape up we were very kind and asked them to take it down. when they said no, i said, "okay, that's it." the allegations in that lawsuit state that approximately six years ago, the clems secretly videotaped mr. hogan having private, consensual, intimate relations

in a private bedroom. in the beginning of the trial, my attorney david houston got an email from a lady whose husband had just committed suicide. a person he was having an affair with sent him a tape and he took his own life. i said, "i know that feeling. i understand that train of thought," and i never wanted anybody to go through anything like i went through, and at the end of the day, you know, the first amendment needed to be protected, our privacy rights. it put a very... bad part of your life on public display. and that must've been an issue for you before you decided to sue. hulk: it was, but this, um... was much bigger than me or much bigger than my career. this was something that, you know, i've said it before and i'm not joking around. you know, as a wrestler, that was a great part of my life, but now that i understand why i'm here, wrestling was just set-up. it was just a set-up, a stepping stone for who i am

and what i'm meant to do and be. no matter what happened to my career, this was so much bigger. what went through your mind when you first heard there was a sex tape out? i mean, you used the n-word in this sex tape. in referring to brooke's boyfriend at the time. what goes through your head to say, "i will still fight even if that comes out," because that was the nuclear bomb, right? yeah, it was. when i knew that was coming out, all the lawyers said, "if you want to stop, you can stop. you don't have to go forward. there's a huge amount of money being offered. this will never see the light of day." i went, "i can't do that." - why? - 'cause i'm not that guy. i have to be able to look at myself in the mirror every day. i have to be accountable. i have to be able to live with myself. and what's so cool about it is it did really wake me up. it really slapped me and woke me up, and it made me realize how powerful words are. for the people that know me and love me,

they know who i am, you know, they know i'm not a racist, but i understand that people that didn't know me judge me, just from those words. that's all they had. if this tape wasn't leaked, and suppose there was no gawker trial, do you think you'd be using that word today when you got angry? - no. - why? no, i've tried to clean up my whole life, you know? i've made a whole switch, almost a shift, from being negative, or fighting, scratching, and clawing, 'cause i work hard and i move forward. i'm in check with myself, so all this stuff comes back around. you have to be what you say you are. how do you think the black community views you right now? what's so crazy is the black community has never backed away from me. as far as, you know, the black community and using the word, that's not part of who i am now. that's not part of my language because i understand how powerful words are. you know, growing up in south tampa, where we came from, it was a situation where, when you played baseball and basketball

and ran around in south tampa it was just common knowledge 45, 50 years ago, but it's not that way anymore. harvey: you heard you were gonna get $140 million. - hulk:yes, but-- - harvey:what went through your head? hulk: i just broke down. they said $143 million, i was like, "what?" it just blew me away. i just didn't expect it. it just was overwhelming. harvey: you eventually settled for $31 million. are you set for life? i was set for life before i had that money. i'm happy, brother. things are good. one of the things that did happen was that the wwe broke ties with you. - yes. - did you expect that was gonna happen? ( clears throat ) no, i didn't. i-- when i heard this was going to happen, i called them on a thursday or friday, and i said, "there's a chance that this verbiage may come out." as i hung up the phone that night, they fired me at 5:00 in the morning. and it really caught me off guard.

i didn't expect it. because the wwe knows who i am. i'm not that person. that's not who i am and not what i do. so why do you think they did it? i think they did what was best for business. they were worried about losing sponsors and network support. i expected something different. is that the most painful thing in terms of the fallout? it was tough. it was tough, you know. it hit me hard. you know, there's-- i've been through a lot of highs and lows, when you look at a 40-year career. just... gone. now that time has passed, do you think they'll ever ask you to come back? i'm not sure, you know. would you come back if they asked? i don't know. i want to get into a tough subject, the car accident. nick was in a car, and he had a passenger in the car, who was john graziano, former marine.

who, um, to this day is in a vegetative state after the car crashed. do you at all partly blame yourself?

[ drathis holiday... ahhhhh!!! -ahhhhh!!! a distant friend returns... elliott. you came back! and while lots of things have changed... wooooah! -woah! it's called the internet. some things haven't. get ready for a reunion 3 million light years in the making. woohoo! -yeah! i need all the breaks as athat i can get.or, at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

some people say that's ridiculous. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website.

i have my good luck rock right here. so tell me about the rock. well, this is a rock that i got in high school. - you kept it? - yeah, i kept it, ever since 12th grade. me and a buddy of mine had a big cooler of beer and we're standing up drinking beers, and we picked this thing up and went, "oh, this looks like the cro-magnon man." you know, we had a little beer buzz on. it looks like a skull, and we went, "that's a good luck rock." and i gave it to my buddy to keep, and we argued about it, and i said, "no, you keep it ." so he had it for a while, and got married and had kids, and went through a bunch of drama and things turned out okay, and he gave it back to me. he goes, "you take the rock now." and i kept it for several years, and then when i went through the divorce, the kids were kind of torn, and i told my son nick, i said, "nick, i've got the same power as your mom, 50/50. so if you want to stay here with me in florida, you can stay here, or if you want to go with your mom you can go with her." he goes, "you know, dad, i really want to take care of mom." i said, "well, here's my good luck rock. take it with you and, you know, just take care of business." so nick took off to california and a few years later when everybody got settled in and everything's okay,

he gave me the rock back. so this is my good luck rock. let's talk about your kids, actually. what about the reality show? were they positively affected, negatively affected, not affected? hulk: you know, i think it took them out of the rhythm of that normal friendship with their friends, the camaraderie and going to school and being on a schedule. home schooling and you gotta film every day and you gotta have a mic on you at 8:00 in the morning and it doesn't come off till midnight sometimes. i think it was too fast, too much. it's probably a little bit our fault because they've been getting away with murder and we've just been letting it go. a lot of this is our fault. i want to get into a tough subject, the car accident. police investigating a horrific car accident in clearwater, florida involving pro wrestler hulk hogan's son. 17-year-old nick hogan released from the hospital today after the car he was driving hit a raised median, flipped around, smashed into a palm tree. police say hogan was driving at a high rate of speed before the crash and both he and a passenger had to be air-lifted to a nearby hospital.

the passenger in the car was john graziano, former marine, who, to this day, is in a vegetative state after the car crashed. do you, at all, partly blame yourself? there was a time when i did, you know? i've learned to forgive myself, nick, everybody, part of the race team, everybody that lived in my house, everybody that was there and wasn't there. everybody that pointed the finger and blamed, you know. it was a very tough situation, all the specifics, the no seat belt, the rain, all of it added up to just a very bad, tragic situation. you know, i just had to forgive everybody, even myself. john graziano's dad did not. august 26, 2007. everything changed because of the senseless, reckless acts of nick bollea. what al-qaeda could not do to my son, nick bollea did in a matter of minutes. i can only imagine the things john could have accomplished

with the rest of his life. thank you. harvey: it doesn't sound like he forgave. hulk: well, like i said, i've forgiven everybody, you know, even mr. graziano. one of the reasons john was living with me was because there were several attempts, physically, to hurt him on his life when he was at home. so... i understand, you know, the venom and the negativity and i just had to you know, release it, and just forgive everyone. harvey: nick was in jail for this. hulk: no one has ever been put in an adult prison, or even gone to jail for the situation nick was in. reckless driving with serious bodily harm, everybody in florida gets probation except for nick. you think it was because of your celebrity? hulk: i don't know what-- i have my opinions, but i don't know the answer. harvey: would i be wrong if i said that that spotlight got put on him 'cause of you? yes, you would be spot-on right. not wrong, you'd be right. i do want to talk about the jailhouse tapes. you guys had talked about doing another reality show,

making some money off of that. the point of it was, if you were in my shoes, and your 16-year-old son went to jail and they put him in an adult prison. they put you in the shu, which is a very small, small cell, when you're by yourself, isolated, and when you get a panicked phone call from your son, "oh, my gosh, dad, i can't see out, i can't-- i don't know where i'm at, duh duh duh duh duh, and you get calls from duane "the dog" chapman. that "you've gotta get him out of there. after four or five days he'll start chewing on his own tongue." sometimes, you know, they'll eat worse things, you know, their own feces if they don't get out of there. and what i did on the phone was read to him, you know, "the secret," "the power of now," eckhart tolle stuff, or the bible to him. i did everything i could including talking about a reality show and we'll get back in front of the camera and we'll turn this into a positive.

i did everything i could to keep my son from mentally defecting and losing him mentally. how's he doing now? he's doing great. he's on track. he got a degree in mixing and mastering, so he does a lot of deejaying stuff, and he's selling different car parts and you know, he sells used cars and stuff. harvey: what about brooke? she went to nashville, she wrote songs. she works it, doesn't she? hulk: yeah, brooke's been beating it up. i'm telling you, she's been on the path for quite a long time. four years in nashville as a songwriter. now she's back in la still doing music and doing the entertainment stuff. she hosted a new show called "fashion hero" that got picked up overseas in a lot of different countries. she's out beating those streets, trying to find the bridge. what's your wish for your kids? hulk: greatness, happiness, consciousness. more than anything, just being aware that life is good, that people are good. just always be happy and positive, you know. you said something a couple of years ago and made me wonder maybe the next thing could be politics.

you said, "i'm ready to be trump's running mate."

you know, maniacs, in seven days and seven nights god created the heavens and the earth. and on the eighth day he created a set of 24" pythons. and then, on the ninth day, i created hogan's beach shop, brother. ( cheers, applause )

this is the ribbon from the grand opening. when we opened hogan's beach shop orlando, we had a crazy crowd out front, with tons of hulkamaniacs, red and yellow, you could see it for miles. and this was the ribbon that we cut for the grand opening. did you ever wonder, especially around the time you stepped away from wrestling, is that gonna continue, 'cause there are a lot of people that get forgotten when they retire. i was wondering. you know, i was wondering, but, you know, i've been around so long, and the public knows me so well, i kind of, like, etched my way in, you know. some people sometimes call me the babe ruth of wrestling. so it's really cool to have people say those things about you, you know. you miss wrestling? tremendously. how so? what do you miss about it? oh, my gosh. um... anybody that's ever had a good workout-- you know, once you get done working out, you've had that good sweat. oh, my gosh, it makes my day. sometimes when you wake up in the morning you don't feel good. "oh, i don't feel like working out." but after you train, you go, "yeah, all right, i'm ready."

it's that times ten. do you enjoy it more now when people come up and they-- 'cause i saw this outside your shop, where you walked in and everybody kind of swarmed. whatcha gonna do when hogan's beach shop runs wild on you? ( all yelling ) harvey: is that kind of that thrill, "they haven't forgotten me," and it may not be 20, 000 people. but sometimes 15 can do the trick. hulk: yeah, it really is just like-- it's an affirmation. it makes me feel that everything i did actually meant something to all the fans. you said something a couple of years ago and made me wonder maybe the next thing could be politics. you said, "i'm ready to be trump's running mate." first of all, why'd you say it? well, because i was probably crazy at the time. it wasn't about how good you were for the job,

it was almost like how popular you were. and i thought i had a legitimate chance, back in the day, you know, of running. but when you said that about trump... like i said, i was out of my mind. would you ever think about running in clearwater or in orlando or somewhere around here? you're extremely popular, well-known. interesting to you? well, i've thought about it, you know, about clearwater, mayor of clearwater, governor of florida, you know. i've thought about it, but it's just been a thought. your life, your career, has kind of been defined by huge, incredible highs, and a lot of lows. why did people stick with you through the highs, the lows, through all these decades? because everybody has scars on 'em, you know. a kid, young boy or young girl,

high school, college kid, older adult, came from a family that was divorced, scar. parents were alcoholics, scar. boyfriend broke up with me, scar. dui, scar. someone bullied you, scar. there are so many people out there just like me that have scars... things you said that you shouldn't. right, exactly. scar. they look at me-- i didn't call myself a hero. i didn't call myself a role model. my fans did. and i think i'm tangible, they relate to me because i've got so many scars on me, you know, and i'm still standing. like stallone said, it's not about how hard you get hit. it's about getting hit, getting back up and moving forward. what's the one thing you want to do before you kind of go into the sunset? the one thing i want to do before i go into the sunset. wow. ( laughs ) i'm tapping out. cut. that's a good one.

- i made hulk hogan tap out. - you got me. - that's the end. thank you. - you got me. i love that. - thank you so much. - life is so good, brother. i couldn't even answer that question, life is so good. harvey levin: the objects people choose to keep in their home define who they are. this is... wait, wait, wait, you made these in prison? i did. i'm harvey levin. this is a story about a woman who turned her back on a lucrative career on wall street to become the perfect homemaker. this 19th-century tailor's table will be absolutely perfect for the adult. harvey: but martha stewart's life wasn't all perfection. i did not want to get divorced. i think he had a wandering eye. and wandering whatever. ( laughs ) harvey: she was a billionaire. unstoppable until a tiny stock deal landed her in prison. james comey was the prosecutor. yeah, dear james.