kristina: should talk be prepared. charles: of all the stocks six are semiconductors led by advanced micro. catch me one more time today and every weekday on "making money." starts at 2:00 p.m. eastern. moan while connell mcshane takes it from here. connell: we're here on "cavuto: coast to coast." i'm connell mcshane filling in for neil the next couple hours. we're continuing to smash records. nasdaq trading today the first time ever above the number of 9,000. we point out global markets added more than $17 trillion in value in the year 2019. courtney dominguez joining us and kadena group president gary b. smith, whether the rally continues into 2020. courtney, you first on this, the run, it has been a crazy run in

stocks. it really started, if you think about it, a year ago today with a big rally the day after christmas, the after the christmas eve selloff last year. now as we get set for a new year, nasdaq 9,000, what is next? what are you thinking about? >> i'm really optimistic where the markets are going in 2020. it is kind of interesting, if you look at this historically, with a year where markets are up over 20%, on the average the dow has been up over 75% of the time with an average of close to 9%. the s&p 500 has been up over 83% of the time with an average over 11%. past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as we've seen in the past. connell: gary you and i spoke couple days ago right before christmas. you're more of a worrier, right?

nothing wrong with that. someone's got to but how do you look at this run? at this point, is it getting toward as point where you are getting more and more worried? >> yeah. absolutely. look, courtney brings up very good points. i would argue slightly as you imply the other side. we're up from that rally day you talked about a year ago at this time. almost 36%. that is not reason including today's gains. i can remember when nasdaq 5000 was a big deal. it just, you know we talked about this a few days ago as you said. there is just, inevitable, there has to be some black swan out there. i don't know what it is. it is a terrorist attack? is it this whole trump impeachment taking a turn no one anticipated? is there, does china get all of sudden, they rescind what they have done and trump and vice

versa, the whole trade war thing becomes inflamed again. i don't know -- connell: one second, gary, that is one of the things, if you think about it, that held some investors out this year. they missed out on some big gains because in their mind they're saying this trade war is a mess, this, that, something will happen. next thing you know, nothing did happen and some of issues resolved themselves, some of the people said they missed out on the the on rally, isn't that fair. >> exact absolutely. i can't remember, but five trillion in cash is still on the sidelines that would argue toward a more positive, toward in courtney's camp that the market has more fuel to run. maybe you're right, maybe i'm just a born worrier? connell: someone has got to. someone has got to. i want to talk to you guys a little bit about retail obviously the day after christmas. boxing day in the uk. retail sales are up 3.4% from

last year, okay? but the real number people are highlighting, courtney, online sales surging 18.8%, almost 19% gain online retail holiday sales according to metrics we have so far this year compared to last. observations? what do you make of this season? what stood out to you? >> i think it is so important that we look how this holiday spending has become. what we can't forget is consumer spending is up 70% of our economy. right now we're really seeing a strong consumer. we did get some nervousness this year, people saying, will we continue to see that through the holidays? that is exactly what we saw. we're seeing unemployment at near 50 year lows. inflation is really muted, wages are rising faster than inflation. you're seeing consumers have the extra money right now. the confidence they are spending their money. they don't feel like they need to stockpile everything. they are putting it back into the economy right now. i think that is a good sign

where markets are heading next year as we continue to see a really strong consumer. connell: if we continue to play our roles here, gary, you're the worry, is there anything on the consumer front? courtney points out just on face of things look great and have for a long time for the american consumer? anything that worries you there? >> the worry is, there was an article today, i think it was in the "wall street journal," now if you want to argue postively online, it is so fantastic so easy to do but even the high-end malls that had been kind of resistant to the shuttering, like the short hills mall, the beverly hills mall, are starting to problems. is that a problem for bricks and mortar? i think, you know, is it beginning of the end now, if you will? maybe. i don't know if online can hold up the entire retail segment but the other worry, slight is consumer credit. so easy now to get credit.

so easy to do it online. it is like going to las vegas. all of sudden at the end of the day, i didn't realize i lost so much money. connell: courtney on either one of those two, whether the concern about the consumer on credit side? whether idea online can? looks like it can. maybe over long term something we're missing, can pick up the slack completely with obvious decline in brick-and-mortar. what do you think? >> i would argue, when we look at credit right now, the consumer is much more underleveraged than they have in the past. specifically like right before the big recession. consumers have a lot less debt on hand. they have a done better job on saving. much more after emergency fund on hand. how much cash is on the sidelines right now. that is because investors are saving. i'm not so worried about people being overindebted or anything like that. i think there is still a lot of cash on sidelines. whether we buy things into the economy. investors put that into the market. there is a lot of side potential

here. connell: thank you to both of you, merry christmas courtney and gary. appreciate you coming in especially on a day after christmas. thanks for starting us off. >> merry christmas. connell: retailers as we were talking about are in focus today and they're bracing for what is sure to be a big day of returns. people maybe didn't like the christmas present. they are expected to come back in billions and billions of goods. what we've been told, is that people maybe order online, obviously they order on line, sometimes don't like to return online. don't like to ship items back. maybe they to to the store. jeff flock picks up on that. we'll see if that is true. he is out in chicago in their legendary shopping district. jeff? reporter: that is a very positive sign for bricks and mortar. i come to you from iconic bricks and mortar. this is the old marshall fields store now macy's on state street with the iconic windows. there is a little fellow there

appreciating windows. we have foxes, maybe little bunnies under there. here are incredible numbers though on holiday exist returns. to me this blows me away because i don't return anything, in store or online. 77%, according to oracle say they will return at least one of their holiday gift this is year. 20% say they will return half of their holiday gifts. we're getting more picky as time goes on. when do they return? about the first month, about 55% return within the first month. a lot of stores require that. 80% though, here is your number, connell i think is a positive for bricks and mortar, 80% would prefer to return in store, not to ship it back. so that is why a lot of these folks are here along state street today being doing some of that returning. although i see a lot of packages at the moment. what does this all cost? $41 billion worth of online

returns they estimate this year. and that is a cost to businesses because obviously there is restocking, there is lost profits. it is about 50 billion in lost profits. i leave you with this one, total cost of returns, i do think we're getting more picky as time goes on here, $100 billion in store and online. that is one large, by the way, 10% that is up from last year. that is one very large fox that is in the window of macy's. marshall fields. but there you go. end with a fox. connell: flock, you don't return anything? reporter: i regift it or give it away. i just think too much trouble. connell: that fruitcake cavuto keeps giving you, regift it down the block afterwards? that's true. connell: very good. too much trouble. jeff, thank you my friend. jeff flocks, merry christmas. iphones, why iphone

demand at least according to some prediction to absolutely skyrocket next year. huge year for the iphone. we'll talk about it coming up. catch us "after the bell," 4:00 p.m. eastern, market wrap up. full day of trading. we'll see if we hold nasdaq 9,000. ♪. step up, please. empty your pockets. looks like you're all set for that business trip. you've got your smartphone, laptop, your other smartphone...

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to do the extraordinary. take your business beyond. connell: could 2020 be the iphone's biggest year yet? that would be quite something. there is more and more demand expected for iphone. that is thank to 5g. finally the year of 5g. constellation research ray wong with us. on that question, ray, it is a little bit of a question, is

2020 legit? is this the year where 5g goes mainstream here in the united states? if so, will a lot of people to out to upgrade the iphones? what do you think? >> great point, connell. 5g is taking a long time for adoption. verizon, at&t is trying to get rollout. across the world it is a lot slower than we thought. 5g in the consumer products, the iphones, samsung phones, 2020 is the big year a lot of rumors that 2020 is the year of 5g for apple. there is huge upgrade replacement cycle coming up, with 920 million iphones out there active and live. we think there is up to 200 you could get in 2020. connell: wow, that is timingwise, what is it september, something like that when they usually come out with new phones? that should work, obviously they will be planning for it have the phone ready to go but by then where will we be networkwise? >> networks are working on

coverage. most major cities have it, they're doing rollouts, it is expensive to do the partnership out there, there is a lot of work with the utility companies to get to the last mile. you see them in warehouses, you see them in arenas, entertainment centers, that will happen in other areas but i think by 2021, you will see a lot more 5g coverage everywhere. that will accelerate the growth, up to 1/3 of the iphone, almost 300 millions are going to be replaced in the super up grade cycle. connell: i started the segment, as you said there, maybe it rolls more into 2021. last year at this time, everybody was saying buy 2020. it seems like getting a little bit, no? >> every year, you get, year of 5g. it has been the year of 5g for almost seven years. i'm like okay. you're starting to see it everywhere. you're right. but yeah, there is the replacement cycle. it is important, to put into

context, iphone 11 is doing 80 million in sales, right? that is a big number for apple. when we see the switch, it will be much bigger on the next upgrade replacement cycle. connell: this is a big deal, everybody agrees on that, the speed difference, what you can do in terms of 5g. i want to talk video games, ray, while you're here. new report out predicts gamers will spent over $152 billion on video games this year, which sounds like a big number, the videogame boom. what do you make of it? >> it's a big boom, pushed a lot by mobile, smartphone usage. consoles are back, right? consoles are back this year. nintendo done a great job with switch. next year big year with xbox and playstation with new consoles. people are gearing up for that. people should look at e-sports. they crossed 1.1 billion in e-sports last year. that is probably the biggest growing segment in the market. fastest growing segment.

connell: doing debates in a little while whether gamers are athletes, what do you think? we get a lot of emails. >> they are athletes if you look how they play. i don't know if i could do that. it is endurance sport. connell: they sell out, they have big event in arenas, i'm always baffled by it, people coming to watch other people playing video games. i could do it in my den i guess. you talk about console growth, one of the things i was reading, it is interesting, the united states will next year overtake china global gaming. what i thought was interesting, you don't see many times things in that direction. many times you see china overtakes the u.s. in x, y and z. in the gaming arena, a lot is console growth. china has new rules that play into this, what is allowed, what is not allowed but console growth in the u.s. is a big, big story i assume it will be next year again, right? >> yeah it is. it is actually interesting. you thought console growth would slow down.

you thought the pc market would pick up. you thought the mobile market would pick up. everything grew at the same time. it is interesting people are switching to mode. switch on the nintendo side is great example. i watching my kids play in the hands, pop it on to the tv, walk off, play with each other. we're seeing that happen. mixed modes are picking up. it is driving the growth. in comparison. aipac is double the size of the u.s. connell: why, i said i was surprised to see that number. doesn't mean it is forever. ray, thank you for coming on. always interesting insights into all those things. >> thanks a lot, happy holidays. connell: ray wong. we're watching nasdaq 1000, if it stays above. instead of dow at bottom of the screen, look at nasdaq. we do, next thing we know it goes down seven or eight points. so much for that. the dow, was above 9,000, first time ever, all three major

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connell: so president trump going after california, and its efforts, lack thereof to fix the homeless crisis out there, suggesting the federal government may have to get involved. here is a christmas day tweet from the president on the screen there, about the governor of california, gavin newsom doing a really bad job the president says. joe borelli is with us, the new york city council minority whip. merry christmas. >> merry christmas. connell: whether this applies to other cities like the one we're sitting in as well, this homeless issue and the president saying federal government plight need to get involved? >> it certainly does. homelessness is a crisis most large cities.

the president is right to get involved and intervene. as a someone in a big city i would welcome more federal dollars. at the end of the day, hud only provides grants to community. president is right, whether gavin newsom, mayor of san francisco or oakland but the local people on the ground is responsible for implementing. hud gives as you a lot of money for the new york city housing authority. bill de blasio can't fix heat in the building. that is the reality. connell: it's a local issue, they would argue for more local control. when you see president get phrases like involved, you think he is talking about money or oversight, some sort of board that takes over from the local authorities? i don't know what he is referring to? >> i think he is running into constitutional troubles if he tries to be a hands-on interventionist in the issue. the federal government has authority to issue block grants and categorical grants. he is very correct. gavin newsom, presidents in the past, people of austin, texas

were fed up with the way the mayor was handling homeless services there. it took a higher authority, took governor abbott, to change the formula how the city dealt with it. i don't blame people in california being increasingly frustrated their administration, their governors, their mayors are not tackling it. connell: it is a big problem by the numbers. look at pictures of san francisco. we've done stories on los angeles. to bring back here with your experience as local legislator here in new york, what's the root of the problem as you see it now at the end of 2019 and 2020? what can be done more locally. >> with more funding there could be a housing issue. connell: so it's a funding issue. >> no one tells you that solving homelessness will require money. tacking underlying issues that cause homelessness. whether mental illness, drug abuse or something like that. you have to be a bit aggression sir, not make it convenient for people sleep on the street.

progressive city of denver vote 5-1 vote for their city's proposed camping ban, to keep it even progressive city didn't want to see that. connell: what is the issue? nowhere for people to grow? not enough shelters? >> funding and bureaucracy, right? even if we have funding could we bet around the growing bureaucracy of new york city? the difficulty to convert a building of this type of housing. difficulty bill de blasio is having building regular shelters. those are issues they have to tackle. funding can help them. connell: you said you would welcome more federal support. >> we'll talk that here in new york. connell: thank you as always, joe borelli. the government raising the smoking age. you probably heard about that. it is raising a few questions whether the government is overreaching on that issue. so we'll look at the debate over that just ahead. we'll be right back. it is "cavuto: coast to coast".

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connell: so the s&p 500 certainly broad measure of the

stock market. it is closing out the year quite strong. in fact all 11 sectors that make up the s&p are up and technology is leading the way. look at apple. 288.15. also amazon today, hitting one-month high. that company says apple or says that holiday shopping smashed all prior records. amazon now at 1840 a share. gerri willis at the new york stock exchange with more on that. hey, gerri. >> that's right, connell. amazon leading s&p 500 higher today. check out the shares. you said a one-month high. a company saying that their holiday season at record levels, number of shoppers, they sold billions with a b of items, their own top sellers including the so dot, fire tv stick, echo 5, you're seeing pictures of them here. they say they added five million new customers this holiday season. folks signed up for free prime.

or actually began a paid membership. you remember the costs, $119 per for a year. if you add that all up, if all the folks convert to a regular old-fashioned membership, that would be $595 million. plus whatever they spend on the website that goes into amazon's pocket. as the company scales up to, serve all of these new customers, they're adding new fulfillment center in deltona, florida. million square feet like other ones all over the country. connell, back to you. connell: gerri, thank you. some story, amazon, not only but all the tech stocks. we watch nasdaq 9,000 mark. we were below it but above it earlier first time ever. minimum wage goes up in 20 state across the country. that will happen new year's day. that is something to watch. jackie deangelis watching it for us today. >> thank you, connell. that is great news for a lot of folks.

minimum wage set to rise in 21 states january 1st. this is coming after the democrats pledged to get the wage up to $15 an hour, push it higher. that is something that would need to work its way through the system. a lot of approval and red tape there. but these changes i'm talking about are coming from the states, and dozens of cities. they will be happening very quickly. the increases vary. anywhere from 10 cents which didn't seem like a lot but $1.50 an hour could make a difference. 6.8 million people will see a change in their paycheck. it will add up to more than $8 billion in 2020. some of the key states, california, an additional dollar per hour there, it will go up to 13 bucks. in new jersey, another dollar, from $10, taking it up to 11. looking to be $14 in new jersey by 2024. in the empire state, a 70 cents jump. brings the wage up to $11.80.

remember wages in new york city also already be 15 bucks. connell: already at that level. thank you. jackie deangelis. does the u.s. have a looming debt crisis to deal with? household debt is up to $15.99 trillion. not quite 16, right? but the good news there, is that people actually are paying it back, as much debt as we have. corporate debt is another issue which we talk about. center for freedom, prosperity, dan mitchell joins us. on household side, dan, start there. what would you say about that, about that number? we had a guest earlier saying, consumer and american consumer is in pretty good shape, able to pay back a lot of what they borrow. not in such dire straits. what do you make of the number, almost 16 trillion? >> sounds like a huge number. it's a huge number but here are two ratios everyone needs to keep in mind. don't just look at household debt. also look at household assets.

household assets are increasing at the same time debt is increasing. so theoretically there is not a problem. the other ratio, what is household income, versus household debt service and costs? you might have lot of interest on the debt, money that you owe. if you have enough income coming in, that's fine. right now with the economy strong these numbers, these ratios are okay. but here is the thing we always have to worry about? what if say, there is a bubble? what if we go into recession? what if asset values fall? household income falls that the interest expense becomes big? those are things we need to be concerned about. connell: we compare to the nasdaq 5000 days, or nasdaq setting records not seen since '97, '98. back then we didn't know, not a lot of people knew that the bubbles that were recall toking were forming. or you could say the same about 2006 until everything went

haywire in 2008. is there anything out there that does worry you? i brought up corporate debt for example, that some people are starting to be concerned about that? >> two things i'm personally concerned about. number one is sort of cyclical. all the artificially low interest rates from the federal reserve, other central banks around the world, pushing too much liquidity into the system. that concerns me that encouraged people to take on too much debt. the second thing, is more structural long run. thanks to federal government policies, we subsidized borrowing and we penalized savings. in the long run that just, you know, we want those decisions to be made organically under, undergirding genuine economic needs in the economy. we don't want uncle sam with finger on the scale, encouraging us to borrow too much and punishing us to save. connell: we don't see anything on the horizon changing that dynamic, right? sounds like the way you look at

things, short term, we're okay, that economy is strong, consumer is strong. people are in a pretty good spot. just over time these concerns, obviously. just a matter of when. we don't know when that when will be, right? >> well, there is a little bit of good news. connell: okay. >> trump's tax reform in 2017 slightly reduced the subsidy for borrowing by companies. so hopefully, in the future, there won't be as much corporate debt as otherwise would be. but beyond that, yes, the economy right now is strong. the problem is, is this say 1984 where we have several years of good strong growth? or is it 2007 when we're on the cusp of a bubble bursting or something like that? connell: yes. >> and frankly economists like me were lousy forecasters. if i knew the answer to that i would be rich. connell: what do you look at? what signs early next year would be, a good sign, say, hey, this could continue for a while versus if x, y, z, pops up you

start to be worried? what are you looking for first half of next year as an indicator at least? >> a lot of people focus on the stock market. that is supposed to be a reflection of the future profitability of companies. well, yeah, but is it a, is it an indicator that any of us are very good reading? is something a temporary blip or genuine correction? again, i don't pretend that i know answers to that. i focus on government policy i worry about things like federal reserve keeping interest rates too low. i worry about trump doing something silly on trade with china, things like that. but beyond that predicting the economy is a fool's game or at least it is for me. connell: what about the election, in terms of pricing out who is the leading candidate on the democratic side, might be president's opponent? a month ago, for example, seemed economists or investors were saying we're starting to worry about elizabeth warren candidacy or presidency?

that seemed to faded as her stock fade ad bit in the early states. do you start to look at that midway through the year, figure out what policies might result, you know, if trump doesn't win? >> it's a great question because right now the macroeconomic political forecasting models and for that matter, just market sentiment on the street suggests people think trump will win, therefore we will have continuation. so people aren't as worried about some of the really radical policies of elizabeth warren or bernie sanders. or maybe, maybe they think those two don't have a chance getting the democratic nomination and they're looking at joe biden, while on the left is not considered to be a crazed, hardcore anti-free enterprise politician, so, again, if you knew the answers to all these questions, had political betting markets you would have a much better sense of this. connell: right. >> right now all we can do is look and wonder, is there going to be some political bombshell

in 2020? will trump send out a tweet that up eneverything? that could be both political and economic. no way predicting that. connell: as we learned in the new cycle. forget 24 hours. barely 24 minutes most days. merry christmas, happy new year. >> merry christmas. connell: we'll see you next year capitalist christmas. this is some story, i don't know if you heard about a grandmother. she figured out a way for being paid for the host for holiday. she charged her own family to eat. why she says it is to their benefit, coming up.

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connell: president trump spent part of his christmas lashing out at democrats over impeachment. this as senate republicans are apparently growing more confident that they might actually pick up democratic votes for acquit, if and when there is a trial in the senate. gop fund-raiser, knoll nikpour joins us now. a few weeks ago we were talking about whether republicans would voight to convict. now whether democrats would vote to convict a so-called bipartisan acquittal? do you think that will happen? >> it might. i tell you why it might. we've got a lot of these legislators, that are in red districts. so, you know, like, for example, you've got somebody in alabama that, it may behoove him to do that, you know, because he is up

for re-election. so if you look at where legislator may be, if you look at his district, it might serve him well to do that. like you said earlier, we were looking at some republicans that might be defecting. we were not thinking about democrats that would be doing that. connell: which is more likely do you think? if you had to pick one or the other, that a republican would go against the president, we obviously haven't had the trial, don't know how it plays out, if it is likely a republican like nominee votes to convict or a democrat peels off to vote to acquit? >> i think it will be a democrat peeling off, acquitting. the reason why i think that, is because the impeachment, in my opinion, as a strategist and a fund-raiser, i think it kind of backfired. i don't think it had momentum they thought it would. so now, democrats, some have a

chance i think in different districtses save face. connell: how does it build up for republican circles has it had that effect? how has it played in republican circles? >> my gosh, it has done wonders for national fund-raising. that is what i do. national fund-raising, the rnc, the day after the impeachment, raised a record high because people were so outraged that they're getting mad with their pocketbook. a lot of people, you know, they will go on twitter, go on facebook, they will say things. these people are stroking checks. connell: yeah. >> because they're outraged. connell: do geographical breakdown of that? is it a swing state thing or across the board? >> i think it is across the board. i have not broken it down in all fairness but when they report the totals, they're reporting a national total. where the dollars are coming from i don't know but the, the fact it is such an uptick tells

me that this is a momentum. tells me republicans are angry, people are angry. they're so angry they're willing to invest in it with, their money. connell: does that translate to turnout usually, when you see numbers like that in fund-raising? we know democrats are fired up, we think they are. if republicans someone like warren or for whatever reason this is a sign they're getting there? >> oh, absolutely. i mean, the thing that you need to look at in donations are small donors and a small donor, just like obama, remember the record turn out he had in small voters in. connell: yeah. >> that they vote for him. you invest a dollar, two dollars, that will translate into a vote. big fat cats that are bundlers, give several hundred thousand dollars in super-pacs. that is one guy, one vote. when you see uptick in small

donors, that's a movement. bernie sanders experienced momentum. barack obama and donald trump. connell: grassroots stuff and it does, it adds up. it is interesting to watch all this. we'll see how it goes in the senate. merry christmas noelle, thank you for coming on. >> thank you. connell: noelle nikpour. you remember the tesla cyber truck, and there was issue trying to throw a brick through the glass, actually succeeding unfortunately for tesla? there is a new truck that is trying to shatter expectations and it is spinning. we'll be back. here, it all starts with a simple...

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connell: in the u.s., smoking age and vaping age is going up to 21. however there are still questions about enforcement. also some bringing up questions about possible overreach with the new law. fox correspondent william la jeunesse has more on this today from out in los angeles. william? reporter: connell the good news, cigarette, alcohol, even prescription drug use among teens is down. what is not is teen vaping. initially sold as a way to stop smoking. study shows 37% of high school students use e-cigarettes. that sup 10%. 21% vape marijuana or hash oil. that exposes teens, obviously not only to addiction but additives like thc in the vaping cartridge. that type of exposure killed hundreds. prompted president trump to raise the age to buy any tobacco product to 21. >> i think that raising the age restriction for tobacco sales to

21 is a good stuff. it is not a sufficient step in terms of what is leading preventable cause of death in the country. reporter: short of a ban, experts want the fda to regulate e-cigarettes and outlaw the flavor products like menthol, which they consider a gateway to lifelong addiction. while many consumers agree enforcement is a problem. in the 19 states that already ban sales under 21, studies show, 20% of retailers break the law. >> the kids will find a way to go through someone else to get what they want but it will definitely help, making it not so easy an accessible for them to be able to walk into the stores and buy at 18 years old or whatever. reporter: others see a double standard. 18-year-olds can vote, get married, buy a rifle, join the military but under last week's bill, they can't buy tobacco. >> multiple other things you can

do at that age. why not smoke? your body, your choice? reporter: awareness obviously is another issue. danger of cigarettes we know, but a single vaping pod has same amount of nicotine as 20 cigarettes. so connell, would i expect us to see an information campaign, you know, regarding e-cigarettes very soon. connell: would make sense. william, thank you. william la jeunesse out in the los angeles newsroom. as we wrap up 2019, it certainly was a big year for health care. jacqui heinrich rounds out this year's biggest headlines. >> u.s. health officials found low levels of potentially cancer-causing chemical in zantac, a popular heartburn drug. the fda said samples of zantac contained contaminant, ndma, classified probable human carcinogen. the same chemical linked to dozens of recalls of prescription blood pressure

drugs. walgreens, and others pulled zantac from the department shelves. agency recommends that opioids should not be taken rapidly or discontinued suddenly due to the risk of significant opioid withdrawal. wide-ranging guidelines when to consider tapering and steps to consider before deciding to taper, outline six steps doctors should take before initiating a taper, including discussing it with the patient. number of lung illnesses linked to vaping increased across the united states this year. as of november 20th, 3,000 vaping cases linked to lung injuries are reported to the cdc. 47 deaths confirmed in 25 states and district of columbia. to curb vaping some enacted flavored e-cigarette bands while massachusetts and california cities taken steps to outlaw e-cigarettes all together. a new drug to treat cystic fibrosis patients was approved by the u.s. drug admin is.

the drug is first triple combination therapy available for patients 12 years old and older who have the most common sis sick fibrosis mutation, which is 90% of the patients according to the fda. trikafta was approved based on clinical trials involving 500 patients. a babe born in cleveland clinic, it was first baby in north america delivered by a mother who received a uterus transplant by a donor. it involved 10 women with uterine factor infertility ufi. they don't have a uterus or had their uterus removed. so they can't get pregnant. this is the second time the woman gave birth after the transplant of the uterus. the first case was reported in brazil in 2017. flu continued to be reporting

with deaths and hospitalizations. flu seas son continues 2020 and get the flu shot, wash your hands regularly. jacqui heinrich, fox news. connell: a lot more to come on "cavuto: coast to coast" on day after christmas. you remember the peloton husband, from the ad, so-called peloton husband, he is sharing the real gift for his real girlfriend. i'm sure you can guess what it is. yeah, a peloton. nasdaq close to 9,000. we'll be coming back.

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connell: hour number two of the show, welcome back, everybody. i'm connell mcshane filling in for neil on the day after christmas. it was a year ago today this rally of the stock market really got going and it continues.

we are closing in on a record run to end out the year, or end up the year 2019, on a big-time up note, whether it's wall street or main street, everything looking good right now and we will talk about that throughout the hour. now, in particular, we have watched the nasdaq. it is set to reach its longest stretch of records since 1997, and has traded today for the first time ever above the 9,000 mark, just slightly below it right now. and the consumer, of course you know we will talk shopping on this, well, boxing day of the uk, day after christmas everywhere else, including there, and the retail sector has been helping the economy. today is a big day for returns, of course, and we will see if we can keep it going from here. let's talk about it. schafer asset managements president dan schafer along with iona college political science professor jeanne zaino and dan geltrude. there we go. welcome, all. merry christmas all round, happy

new year. get it all out of the way up front. thank you seriously for coming in day after christmas. dan, start us off on the rally in stocks. it's, you know, we have run out of things to say about it although can we keep going. >> can it keep going. what a difference a year makes, right. last december, we were certainly in a different mood based upon where the market was heading and everybody thinking well, that's it, we've had this great run, it looks like we are going to be taking a turn. but of course, that didn't turn out to be the case. you know, when is this going to end? i actually see it as really being able to continue on into 2020, if nothing changes, i don't see anything changing. you know, the one thing that does concern me about this market, i have said it before, is the amount of corporate debt that's out there, based upon these low interest rates, incentivizing companies to go out and take on more debt which is fine, but at some point in

time, that debt becomes due and what happens when the economy and the market finally -- connell: you want to pick up on that issue? >> sure. i would love to pick up on that. dan hit it right on the head there. a lot of the debt, triple beat debt is going to go to junk debt which is a big problem. my analysis is, you know i'm a bear, i have been following statistics for thousands of years, what we have here today is a cycle that's opposite of what we had last christmas. if we look at the polarity of what's happened, we have factors today that are pointing to yes, this rally may continue, it all depends on what happens in january. normally you get the december selloff for profit taking or for tax purpose selling. we're not getting that this year, which tends to make me think, you are also a cpa, that people may wait until january 2nd to take gains off the table for tax purposes. >> if they do, that doesn't necessarily change the fundamentals out there. the money could come back in -- >> the fundamentals are very poor, though. they have been very poor. connell, i said this to you many

times. if you take the stock market out of the equation of everything going on globally, you have the ten-year at 1.9%. you got gdp at 2.3%. you got birth rates in japan dropping to an all-time low of 900,000. you have housing soft here in the united states. connell: these are the issues, to be fair, we talked about before that you brought up last year this time. we had a great year, you know. >> well, listen, i'm not an expert on exact timing, but if you leave it all together, the same things we are hearing for the last year or two are the same things we heard in the 1920s. the president talked about the stock market, unemployment looked attractive, interest rates were low. you know, we are hearing the same thing. now, what happens when this tips over, that's when the bond markets get hit, that's when the consumer credit which you just showed before gets hit, people can't pay their car loans or their bills. that's when the governments around the world who are in panic mode with the federal reserve right now, with their banks, throwing so much money -- connell: we are going into the roaring '20s again here in a few

weeks so i don't know if we will have political comparisons or maybe poor neil cavuto will have to cover another stock market crash like he did, of course, in 1929. >> like he did. like he did. connell: i don't know. but these concerns out there that you look at? obviously the political landscape will change next year one way or the other, or maybe more of the same, but either way that changes people's thinking about all of this. >> absolutely. if we think to a year ago, the beginning of the year is always when we take stock of the risks that are out there and there are tremendous risks out there, as there were last year. i think the interesting story is that the year came to a close, three of the big risks either happened or were taken off the table in terms of china trade, brexit and the impeachment of the president. none of that had any real impact on the stock market in a negative fashion. although i think if we are optimistic, i think we have to be incredibly cautiously optimistic, because there are several warning signs out there,

including around the world. we do not live here in an isolated bubble. the warning signs are there around the world so i don't think it's a question of if we will see a downturn. i think it's when. i think the president uses every lever to get us through november but i'm really really concerned about what happens after that. connell: okay. one of the issues being outside of our borders, i wanted to talk anyway about hong kong so i may bring it up now since you said that. it was a violent christmas in hong kong. it's been a violent half of the year in that part of the world. but yesterday, what we saw is in the shopping malls, the protesters came out. here's some of the video of it. the tear gas from the police was back out again and dan, how important is hong kong, again, another story that's gone on all year long? i'm not saying not necessarily for the stock market but more, you know, for the world at large, that's been going through this negotiation with china and an issue i think a lot of people thought maybe would be wrapped up is anything but. >> you would have thought this would have come to an end at this point based upon the fact

it's been going on for nearly seven months, and the initial issue that started this whole thing was related to the extradition of people from hong kong back to mainland china. connell: the protesters won that part of it. >> yes, they did and now it looks like they are taking it another step further saying hey, we want more pro-democracy things put in place and i think it's going to be a little difficult to get china to bend on that. >> i think what we are seeing in hong kong is that the united states was right 10, 20 years ago when we said you cannot open markets and keep society closed. for a long time, china humming along, its economy doing great, people saying the u.s. was wrong about that, but you know what, hong kong is proving we were right. democracy does follow with capitalism. and now we are caught in the middle of this and i think, i don't know what china's government's response is going to be to this but we will surely be impacted by that. connell: yeah, and we have been. amazing how long, to me, again,

how long it's gone on even though as dan pointed out, the initial demand for protesters were met. back to you, dan. let me focus on a round number, the markets. you are always looking at charts anyway and when you see nasdaq, 9,000 today, well, remember when it was nasdaq 5,000, actually took a long time to get from 5,000 to 9,000, less than doubling compared to the other indexes. how do you look at this run as a chartist in the tech stocks? >> i look at technicals internal tremendously and quit call ratios and open interest in volume, where the spreads are. right now, they are very stretched and very thin because of holiday trading. so i see this as a benchmark but we have also seen the nasdaq historically, when you and i met back in 2008 and '09, that nasdaq plunged dramatically on companies that are no earnings but everybody was internet-goofy. connell: great time to start a business network as it turned out. >> well, it was. let me tell you, you've got a lot of companies out there not

making money. you got -- i mean, just take amazon, for instance, which is my biggest problem. they don't make money except on the amazon cloud. that's what's supporting the losses from the amazon side. they are selling goods below cost -- connell: lot of money. >> it's a problem. connell: in the cloud they are making a lot of money, no? >> they just started. now it's kind of levelling. but the problem is that you have people chasing stocks. look at uber. uber doesn't make any money and people were chasing that. look at tesla. there's a company that people were really thinking it was going to go down and it's all the way up to new highs. where is that going to be next year? i can't tell you but i can tell you this. people are investing the way they did in the late 2000s or in 2000 before the turn in 2001 and '02 and i see very much similarity in that cycle. connell: we will get more into that and have a discussion, maybe even a debate about this but you brought up tesla. obviously the stock to your point has been on fire, whether that continues or not is an open question.

but could a rival electric pickup truck give the company kind of a big shock? there it is. we will talk about who is making it and the outlook for it when we continue. we'll be right back. y, 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! ♪ ♪ ♪

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this, yesterday was the first time i had a chance to drive in a tesla, an electric car, and the experience was awesome. connell: they're good cars. >> i think that the future here is absolutely with electric cars and i think what we are seeing here with rivian is not going to be the last company that's going to start to really compete with tesla. connell: i was always wondering about companies in general, whether it was ford and amazon, or whoever, whether it spins like a tank or it's the pickup truck or just a regular car, to your point, why companies have not yet been able to make tesla-like cars more effectively than they have. there's nothing tesla does that's just unique to them. so far, you know, people -- >> think of economics of the manufacturer and how long it takes from prototype to gear up factory to get it out there. i know volvo is very heavily involved and i know several other companies are heavily involved and ready to come out with product in this area. i think that, you know, elon

musk is a genius at what he's doing. i have no question about it. problem is, i don't know if he can keep this company going with the competition that's coming, particularly this truck you are talking about. this truck was designed by an m.i.t. doctorate guy, rj, they call him. he owns the company. it's being backed by funding from a bank, from amazon and from ford to get this out there. i think this is the beginning. i'm a big believer in electric. i'm a ham radio operator. i love energy, i love that kind of stuff. who tesla was, was all about electric and energy so i think if they can put a solar panel on the roof, the sun is so powerful you could take a lot from it, put a solar panel on the roof of these cars, let them recharge themselves, this could be an incredible future which we have seen in the old movies. this is the dream of what the future would be like. we are getting there. connell: that's what they said about the pickup truck. everybody was talking about the brick being thrown through the glass but the way it looked was futuristic. you all in? there we go. we may have to show it again. sorry, tesla.

>> so mean. i am. i love spinning trucks. i love bulletproof trucks. i'm all in for it. i do think that as we have seen what has happened to the auto industry in europe in particular, and they have been decimated in the last year or so, even going back a little further, this does seem to be the future of the auto industry. but my question is, when are they going to be able to ramp up enough to dan's point where they can make real money out of this. i do think we may see a period where these cars are expensive to build. i don't know how soon they can get them out and get real people buying them. so i do think we are going to see a little space here before we see these more widely -- connell: kind of an interesting time in all these things, whether it's electric cars, autonomous driving, whether it's 5g. is this the year for those, the year after? always tough. quick word. >> i got another point. that's why aramco went public and they had trouble selling it. i'm a believer that crude oil will be in the past. that's a sign i see.

connell: that's another interesting debate. now, as we work our way through a lot of stories here today, this one is kind of, well, fun, i guess. how much would you pay for your christmas dinner with your family? yeah. how much would you pay to have dinner with your own family? there's this grandmother who is asking for cash before the loved ones come over. they've got to pay up to sit down at their own christmas table. i guess that's capitalism, right? we will talk about that and more when we continue. 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 while our competition continues to talk. quitting smoking is freaking hard.st, like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette

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connell: president trump lashing out at the democrats over impeachment as part of his christmas festivities. senate republicans growing more confident, meantime, that they will be able to actually pick up democratic votes for acquittal. talking about i believe what they call a bipartisan acquittal if they can get any democrats to peel off. long way to go. we are not even at the trial stage yet. blake burman knows about it. he's at the white house with the latest for us. reporter: long way to go indeed this morning, though, before he

headed out to the golf course in florida, president trump did take the twitter on a couple different occasions to continue to criticize the impeachment process, specifically democrats and where things stand at this current moment. the president even suggested today that foreign policy or foreign issues could be in play here because of all of this. the president tweeting at one point earlier today quote, despite all of the great success that our country has had over the last three years, it makes it much more difficult to deal with foreign leaders and others when i am having to constantly defend myself against the do nothing democrats and their b bogus impeachment scam. bad for usa, the president said. he's also taking issue with all the uncertainty right now about when a senate trial might take place, saying if democrats, bottom of the tweet, now they don't want to go fast anymore, they want to go very slowly. he ends by writing liars. meantime, senator david purdue is predicting there could potentially be a couple democrats in the senate who will

not vote to convict the president. that echoes similar comments that we heard recently by the senate majority leader mitch mcconnell. however, not every republican right now is in lockstep with how mcconnell is handling things. for example, lisa murkowski of alaska said in a local interview on christmas eve a couple days ago that she was quote unquote, disturbed with how mcconnell said that there would be coordination with the white house. bottom line with all of this, as you mentioned, this is still down the road, we still do not really have a time frame as to when all of this will take place once the new year turns 2020. the original thought is this would be -- that this would kick off the senate calendar in 2020 but of course, as we know, the timing now with nancy pelosi and when this goes over to the senate side is still tbd. connell: more drama. we will see how it plays out early in the new year. thank you. good to see you, blake burman. meantime, mike bloomberg has been spending millions and

millions on ads and at least one democrat is now saying his money gives him a big edge, while other democrats are still whining about wine caves. you remember that. the liberal analyst kathy erou writes bloomberg is the man trump told us he was, a self-made billionaire who knows the art of the deal. bloomberg is the candidate trump said he was in 2016 when he won the presidency. kathy joins us now. i guess the problem is, though, there doesn't seem to be much traction for mayor bloomberg, at least yet, given the late arrival in the race, right, and the fact he's skipping these early states? >> exactly. he's coming in at such a late time, but the way it is, if he self-funds, he's not allowed to go on the stage so he's actually doing what everyone wants. no one wants a politician who is bought and paid for. so he's not bought and paid for and he has to go by the rules, and the rules are he can't get on that stage and debate because he's self-funding. so we are penalizing a

politician who is trying to do it the way both sides of the aisle want us to do it. connell: on the democratic side it's become a big issue. buttigieg/elizabeth warren thing. elizabeth warren, you know, the "washington post" had these types of fund-raisers herself and now she doesn't. again, i guess that's a little bit of a distraction for democrats. but to the earlier point about mike bloomberg, if he does get in with tons of money and that's how he won the mayor's race in new york back in 2001, the first time he went on to serve three terms, we get that, he's done it before, but on the national scale knowing how presidential politics works, how will it work this time? you made comparisons to trump 2016 but what are they, exactly? >> right. right. well, the comparison is trump sold us on the idea of being a self-made man, businessman, who knows the art of the deal when in actuality looking back at it, trump inherited his money from his father as his siblings did.

bloomberg did not. he's a self-made middle class guy who became a billionaire. he achieved the american dream. this is what trump told us he was in 2016. so why are we -- [ speaking simultaneously ] connell: it was a different electorate, president trump tapped into something in the electorate. i just don't know if the comparisons line up even though they both obviously have a lot of money. we know mike bloomberg has a lot more money than donald trump. but that's not necessarily going to make him president. >> i have talked to republican strategists and they say it's the messaging and trump, you know, he's a reality star. he was a reality star. maybe even now, some would say. but he had that maga, the red hat that just took off and the term fake news was actually created by hillary clinton, not by trump. but he ran with it and now he uses it against her. so he knows the art of messaging and i think the art of messaging is what bloomberg needs to learn. maybe make america love again

hat? something friendly like that. yeah. i would buy one. connell: i don't know about mike bloomberg with the hat. >> he has to go with the hats or something. the blue make america love again with the heart hat might be similar to the red hats. connell: i hate to cut you off but i actually have this breaking development. you will see. it's from elon musk. let me say thank you for coming on, cathy. we appreciate it. i guess as i already called it a breaking development. the fox business alert from elon musk is on twitter. now, we will have to take a commercial break to figure out what he's talking about, but the tesla stock price is up 1%. elon is saying on twitter that disney plus, disney plus is coming soon to tesla's theater feature or may be coming soon, could be added to it, and whether that's big news or not, i have to look through this tweet and see if there's anything more, but elon musk talking about disney plus and tesla. that's just in on your twitter. we are up on the nasdaq, above

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connell: let's get to president trump for a moment warning california's governor gavin newsom that the federal government will or might have to get involved in the homeless crisis out there. to fox's christina coalman with more on that. reporter: well, president trump not holding back today on the state's chronic homelessness crisis. this morning he slammed house speaker nancy pelosi on twitter by saying she's lost control of her district when it comes to the homeless and crime, and on christmas day, the president tweeted quote, governor gavin newsom has done a really bad job at taking care of the homeless population in california. if he can't fix the problem, the federal government will get involved. however, trump didn't specify how the feds could take action. now, this morning comes after the recent department of housing and urban development report that shows the nation's recent overall 2.7% rise in homelessness, was caused by a 16.4% increase in california's homeless population. this latest hud report analyzes

data from 2018. california leads the nation in the number of homeless people with an estimated total over 129,000 in january of 2018. now, governor gavin newsom says the state is doing more than ever to tackle chronic homelessness and has invested $1 billion to help communities fight this problem, but he says the federal government needs to do much more to help. newsom says they have asked the trump administration to address the fair market rent issue in the state and for help to support vouchers to get more people into housing. >> a third of our vouchers are unused and you have a wait list of over 700,000 in addition to those with vouchers that are trying to find or claim a use because they can't meet that fair market. we've got to address that delta. if we do that, there's no greater, quicker, faster way to get tens of thousands of people off the street. reporter: as of now, newsom hasn't said anything about trump's warning about getting the feds involved, but based on

the ongoing back-and-forth and criticism between these two, that might change. connell? connell: christinchristina, we p watching that. let me go back to the tesla story i mentioned before the last break. there's the tesla stock price. musk was on twitter, it was a response, he was asked a question. lot of times he does respond on twitter. he was asked a question from a user about whether tesla could add disney plus to what is called its tesla theater feature that it already has in cars, where you can, you know, be sitting in the car, now you can stream movies on youtube and hulu and the like, but apparently disney plus is not available, so elon responded moments ago, and he said coming soon. so quick reaction from our panel on that one. dan, what do you think, this is an interesting idea. it's already happening, but the disney plus would be something that's new here. it brings up autonomous driving, that you can kind of sit around and watch a movie while you're driving around. of course, now you can already watch tv or watch something in

the back, you got the kids in the car, whatever it is, now you can stream these services live. >> i would think that whoever asked that question has kids in the car, and they want to watch disney movies and disney shows. that clearly says that he wants to put it into that theater in the back of the car. connell: it brings up -- go ahead. >> whether you are sitting in the back of the car yourself with a self-driving car watching a movie, i don't know if that's what he meant. connell: probably not yet. i was going to say, it brings up a couple things. one of them has nothing to do with tesla, just that this has been a pretty good rollout for disney. we have done a story almost every day about disney plus. i don't have it personally but those people who have it seem to like it, and i guess they want it in the car. >> yeah. disney is really on a roll right now. they are getting into the streaming market. they have a tremendous catalog. they are somebody who, you know, a company that is really moving into the future in terms of giving people what they want, when they want it. connell: they have done a good

job there. i'm thinking of the real future which somebody watching fox business, while they are driving their car, sitting there, but i would have to think we are a little ways away from that. >> you got to get baby yoda on fox business. you've got to tweet elon musk and ask him to add fox business which he should. but no, it has had a tremendous rollout, disney plus, and i have it because, well, i didn't get it myself but my sons did because they have this incredible library and it's really attractive to young kids, these young people who are asking parents like me to spend money on it and of course, it's difficult to say no. my young kids love -- they're not even that young, they love teslas. i would love one. connell: he can buy that for you. >> i wish. >> tesla, it seems to me they are like a giant iphone on wheels. >> now you are speaking the kids' language. >> twhahat's what they are, bece if you look at what they are

streaming into the cars, you got this giant screen in the middle of the dashboard and people can get whatever they want. connell: it's illegal to drive a car and have a video image of something up. we are distracted already. now it is. >> you are going to be like watching a movie -- connell: one day when you're not driving the car. now, like you said, the kids can be in the car in the back and watching something in the back seat. >> i drive down the highway at night, i see in the windows, the lights are on, the kids are in the back being entertained. that's where it belongs. connell: for now. again. you are not a self-driving guy? >> i like the control of holding that wheel and feeling the road. >> you may not have a choice. connell: you will be the guy that holds us back. you are holding back progress. >> you want to do it, you can do it. i will be in front of you, though, not behind you. connell: that's the problem. what we really need to make this whole thing work, we need to get rid of humans. we were talking about this earlier in the week.

you got dan driving around and me not, and the two of us coming together. that's when you have a problem. we better be careful what we wish for. let's move on. coffee. could coffee be the cure for holiday weight gain? we are digging up all the stories today. we will explain. this is a funny one. we will explain when we come back. 1 in 5 people you meet wear dentures. yeah. that many! but right now, is not the time to talk about it.

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connell: so the safe haven of gold is still in rally mode, despite global fears fading. stocks have been going up and gold's up above 1500 bucks. jackie deangelis with the details on that. jackie: that's right, a $10 move today, holding over $1500 even

after there was no christmas surprise from north korea. that's because the equity market is continuing to rise and some investors are positioning for safety going into 2020. now, ubs says that gold could see $1600 next year because of fluctuations in the dollar. also, some uncertainty surrounding the 2020 election. ubs says there may be a buy on the dip strategy in play here and this is as gold hit a seven-week high today. there's also some general caution around the stock market, too. it's this idea of just how much higher can it go. some investors are cautious to get into the market here. they don't want to buy at the top. so far this year, gold has seen a 17% gain roughly, well under what we have seen in terms of equities but they do tend to move in different directions. you've got a dovish fed and low interest rates, that's been supportive of gold prices and if it stays stable, could also see them on the rise. but bank of america is taking a different view. if the commodity research team thinks gold will be under $1500

by the end of 2020, a year from now, they say a lift in inflation could actually bring interest rates up and that of course would put a little pressure gold. we will see what happens in 2020. if it continues to hold its shine. connell: i see what you did there. very good. thank you. stocks, meantime, set to close at records again. nasdaq's up at the highs of the session or thereabouts, well above 9,000 now. gerri willis comfortably above 9,000, joins us with a look at the top performers. gerri: well, we will see how comfortable the next couple hours, right? let's look at the sectors doing the best today starting with consumer discretionary. retail is roaring. take a look at these stocks. amazon, nordstrom, macy's doing very well indeed. we had a report about christmas sales being up 3.4% online holiday sales up 18.8%. amazon of course saying they signed up five million people for their prime service. number two among the sectors, tech. two chip design companies are

doing very well. apple of course, as we have been saying, hitting an all-time high today. there you go right there. big performance in tech stocks. communications stocks, now, usual suspects here, facebook, google doing very well. news corps doing very well. there's kind of a rush to riskier parts, some of the riskier parts of the market, that means technology. you might be wondering where is all this going to end today. will we be at records across the board. well, the first thing traders are watching is can the nasdaq close above 9,000. we will be watching that for sure. today would be the tenth consecutive record close for that index. good news there. and if the dow closes 36 points higher, that would be a record for the dow. the s&p only has to have a fractional rise to close at a high. that's what we are watching this afternoon, as we come into the final hours. we've only got three more tra trading days after this so it all hangs in the balance. connell: we will see after the

bell, see if we get that nasdaq 9,000. gerri willis. despite global turmoil, stocks also rallying to new records as we have been talking about in 2019 and maria bartiromo is here today to break down this year's top business headlines. maria: as the ball comes down for 2019, tensions flare right to the end as washington, wall street and main street become more intertwined than ever before. >> solemnly and sadly open the debate on the impeachment of the president of the united states. connell: another record run on wall street. blockbuster jobs numbers. maria: it was a year of political fights, stock market hits and celebrity misses. the year started with a government shutdown and the delayed presidential state of the union. house speaker nancy pelosi was a thorn in president trump's side throughout the year, and capped the year off by impeaching him, calling a phone call with the leader of ukraine an abuse of power, making president trump one of only three presidents in u.s. history to be impeached. >> the house committee on the

judiciary is introducing two articles of impeachment. >> it doesn't really feel like we're being impeached. maria: amid the fights with congress, trade was trump's priority in 2019, as he pushed for better deals with china, mexico and canada. the trade war with china, got ugly this year. >> it's a phenomenal deal. maria: but by the time it was all said and done, he had a phase one deal that was cheered by the business and financial community. >> if they do not abide by the rules, and the commitments, then there will be a snapback on tariffs, among other things. maria: the day after he was impeached, the democratic-led house finally passed a new version of nafta, known as usmca. a less successful fight for the president, his push for border wall funding. meanwhile, china had a different battle on its hands beside the one with the president. millions of protesters in the business mecca of hong kong taking to the streets to push back on china's authoritarian rule. 2019 was a troubling year for aircraft maker boeing.

its new 737 max suffering two fatal crashes. by year end, the company had halted production of the mammoth jet, sending ripples through the industry and the economy. meanwhile, president trump was businesso the international front, stepping into north korea during a meeting with kim jong-un, calling on nato partners to pay up for their national security, and supporting brexit for the uk. that fight saw boris johnson winning a stunning election victory, all but assuring brexit will happen in 2020. back in washington, department of justice inspector general delivering a damning report of the fbi's behavior and actions while investigating the trump campaign in the election year. attorney general bill barr said a criminal investigation by u.s. attorney john durham would be even more comprehensive. on the west coast, celebrities and other elites exposed in a college admissions bribery scheme, some already doing prison time for it. others still fighting the charges. there was cheering this year on wall street and on main street. unemployment near record lows while wages are up.

the consumer fueling economic growth and a stock market that churned out record after record, putting the major averages in uncharted territory, even as the president's impeachment loomed. now the focus turns to 2020, with an impeachment trial expected in the senate in january, more trade deals seen with the, eu, the uk and india and another presidential election coming this november. maria bartiromo, fox business, new york. connell: now, peloton, we will talk coming up about the guy they call the peloton husband, remember from the ad? well, more controversy. he has revealed the gift he got for his real-life girlfriend for christmas. i'm sure you can figure out what it might have been. we'll be right back. one of the products i helped develop at 3m was 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.

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connell: our panel back with fun stories to talk about. one, a grandmother in the uk has found a way to make the holidays more affordable. what she's done, this lady, genius, she has charged her own family to come in and have christmas dinner $45 each for a seat at the christmas table. so you don't want to come in, you don't have $45, no food for you. dan, jeanne, dan are here. so the idea behind -- i read the whole story about it because i was like is this woman crazy, she gets the works for them, though, all kinds of champagne and the trimmings and you could have anything from turkey to pizza, whatever you want. you just pay $45. your own family. what do you say? >> from an accountant's standpoint here, i would say you know, $45 for all you can eat may not be a bad deal. where is the cutoff on age? is it under 12? connell: i would think they would have to get a deal.

>> if it's adults, $45 a head, i actually think it's pretty good for all you can eat and drink. connell: good excuse to get out of it, though, if you didn't want to go. >> that's it. you can't afford it. connell: sorry, can't afford it this year. what do you think? >> i don't think -- you know, i have five sisters. we have a big family. we all have to bring stuff over to my mom's. i would rather give the woman money than have my poor mother do it without me having to do it but i don't cook so i just buy things, so i think this is great. i don't see it as much different than what we do, a big italian tradition. you can't go over empty-handed. you got to bring something. i prefer cash. connell: that's a good point. to be fair to this woman, she does everything. >> right. she does it. bless her. connell: she cleans up, does the dishes, everything. she just wants the $45. venmo it over, whatever. potluck dinner without the potluck. just bring the money. connell: wonder if she's making a profit. >> did you see? christmas presents were piled up

under the tree for everybody who attended. the children are basically paying for their food and their christmas gifts at the same time. maybe she has a little left over but i would like to know who let the public know that their mother was doing this. connell: oh, who is the leaker. we have a leaker. who's the leaker? you're right about that. definitely. one of the kids, had to be, right? let's talk about peloton. this ad, maybe in 2020 that will be our resolution, not to talk about peloton anymore, but the husband in the ad, sean hunter, reveals on instagram, he bought his real girlfriend, you guessed it, a peloton for christmas. he was on fox business with stuart varney when the whole first ad was at the height of its controversy. he actually gave a clue about this. let's watch. >> i was actually thinking of getting her something similar for christmas. wa it wasn't going to be a peloton but kind of an exercise class, and we would be doing it together, she loves physical activity. we do classes together. so we don't have a problem doing that at all. connell: you remember, jeanne, the whole controversy over the

ad originally -- >> how could i forget? connell: it's sexist because it's implying she needs to lose weight, whatever the case maybe. now he buys his real girlfriend a peloton. >> first of all, he makes really good money on this commercial because pelotons are not cheap. good for him. connell: they probably were for him, which is another story, by the way. the girlfriend knows you probably got a deal, got this thing for free. >> i didn't think of that. he got it for free. i think it's great. she doesn't look as frightened as the lady in the commercial did. i think it's great. >> look, i think peloton is killing it here. i mean, what started off as this regular ad on their bike here is just going to the next level and it keeps going and going. it's tremendous. connell: it's exactly right. people are talking about it and people say well, maybe i want to get one of those. >> the old saying, bad publicity is better than no publicity. connell: in this case, it is. >> i think this world is just too politically correct. even comedians are having trouble doing -- there's nothing wrong with him buying this for his girlfriend or wife or whoever he wants. i mean, it's a gift.

it's not a message. this is what the world is so paranoid by, messages. connell: again, unless he got it for free. that would be like me coming home with a cavuto mug for my wife. >> unless he got it for himself. connell: better wrap something else for the free gift to work. >> maybe he bought it for himself but thought it was a gift for her. like when you go to the restaurant and say why don't you order the french fries. connell: you guys are all over everything. speaking of which, this last story, dan wants to talk about this, caffeine. can caffeine help you cut down the extra christmas weight that you might put on? well, a new study suggests drinking four cups of coffee every day could reduce weight gain. now, you started to tell us before we came back from break that you have your own system here with caffeine. >> yeah, i do a little bit of exercise. i'm not a big exercise guy. i do take vitamins and watch what i eat but i still have an issue with weight. i'm 58 years old. it stays on a little longer than it used to. through my research, i found

this tea called oolong tea. oolong tea noiis known to help adjust the body so it tries to burn fat. i have one cup, i don't feel it. i have two cups, i start to feel that shaky. caffeine is everywhere. it's in soda, it's in not just coffee, it's in drugs that you take. connell: you are a believer? >> i'm a believer. it does other things to the body. i don't want to go through that now but people can research this because it really has a lot of positives but too much is a big negative. people need to be aware when they get that shakiness, that's your level. connell: i don't know what you had at christmas dinner, but if you want a cup of coffee, you can have one on the way out. >> thank you. listen, i don't know how much i'm buying into this as it pertains to me because if i'm having a cup of coffee and i'm putting my cream and sugar in it, i think there's probably an offset so you got to look at what the fine print is. is it drinking coffee straight up and getting all that caffeine, that's personally not how i enjoy coffee. connell: four cups is kind of a lot. i work mornings, maybe it

wasn't. real quick. >> you're better off going to the gym and eating right. connell: i think so. by the way, that's the answer to all of these things. >> it's so true. connell: thank you, guys. great stuff. merry christmas to everybody. thanks for all the time on the show. we had a lot of fun and covered a lot of ground on the day after christmas. now, we are watching this nasdaq into the close. let's see if we get ten records in a row which would be quite something. we are above 9,000 first time ever today, above the 9,000 mark. we'll be right back. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? . . ♪

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connell: back with an alert for you on notre dame. one day after missed first christmas mass in 800 years, fishes are saying there is a 50% chance it will not survive from the terrible fire, 50%. 50/50 now whether it makes it, whether they can save it. they begin restoration work in 2021 according to that report. thanks for joining us on

"cavuto: coast to coast." see you back on "after the bell" 4:00 p.m. eastern time. we'll see if we hold the levels to get you to nasdaq 9,000. for the next hour, back by popular demand, here he is, charles payne. charles: digging the threads. digging the threads. connell: you set the standard. i'm trying my best. charles: good afternoon. i'm charles payne. this is "making money." stocks in record territory. we have four trading days left in 2019. end of a monster decade especially in technology. we'll look made to the 2020 and next decade. billions spent this super saturday alone. the consumer is strong because the economy is strong. we'll break down all the numbers. president trump issuing a warning to california. cleanp your homeless problem or we're going to intervene. golden state governor clapping back, placing blame