out. i get killed of time. jackie: i preordered one. connell: did you? then it is cute yeah, thank you. connell: bulls and bears starts right now, see you tomorrow. david: investor finding a lot to chief about after christmas, a santa rally boosting all 3 mayor averages to new record highs, dow's 21 record close of the year, nasdaq closing above $9,000 for first time ever, new data now shows that s&p 500 is peperforming better under president trump's first 3 years in office. this is "bulls and bears," thank you for joining us, i am david asman, joining me, jonathan hoenig, kristina partsinevelos. and gary gare an gary kaltbaum l

roth. why are we not hearing more about this in mainstream media? >> because the report on fox business but mainstream media too often, when it bleeds it leads. businesses are expanding, they are hiring people, jobs are being created. innovation is occurring in america, it is less sexy than you know dow plunges or recession is coming. unfortunately not focusing on the market, 21 new highs in recent weeks, not focusing on price but focusing on story, and a lot of people missed stocks this year. >> i think for 2019, you had fed slashing rates that helped market as a whole, fed has not done that since toward end of

the recession, tightest labor market since 1969. and heading into 2020, that is what we've been focuses on this network, is this rally going to continue? will --ure fundamentals there? it is adding up, china trade deal. and fed -- not admitting there are a lot of good signs that point to strength in 2020. >> what is amazing to me, this happening at the late cycle. you can't compare what happened under one president directly to a different president, we're at different points of business cycles, but trump, came in to presidency, at late end of the be cycle, we -- business cycle, we thought it would end, policies he has enacted have been a boost to the market. it is unfortunate people are letting their personal feelings

about president trump, get in the way of this economic data, this has kept so many people out the market and out of participating because they listen to michael moors of the world. >> a lot of republicans did that under president obama, even trump, when the dow was ripping in to president obama say they'd it was only fed and funny money, you have to do what neil cavuto said, don't focus on the red and blue, focus on the green. >> let's be clear, impeachment, impeachment, shhhh the dow is up 30% this year. we know what is tboain going goy don't like the guy that is what is going on. i do get it, because republicans, did the same, this is about politics, but the fact of the matter is, this is a vory

strong market and will continue that way until end of the year. i worry we had their years of gains, after this you usually get pulling back, but if the feds stays seize -- >> caroll's point, the fear of going forward. with business investment that have decreases. >> because of trade. >> so, fine. >> we all work agree on that, we don't know where phase one will end up, this is a huge driver for the markets going forward, but isn't this historically set unprecedent that. >> it is historic, 11 years now that recovery, but caroll, you mention that you know this is unusual for business cycles but the recovery was extrsic -- undr president obama it was the weakest we had.

a lot of people saying do not judge business cycle by 2,9 but somewhere in middle of obama's presidency. >> you had this slow rom, and rd they didn't raise rates when they had the opportunity to several times, i am sure that is all a contributing factor, that is why we to be careful about attributing stock market to a president's policies direct well, if president trump is reelectorred there is a -- reelected there a chance does not continue in the 4 year window. >> i think that trade war have given people a lot of reason to be concerned about stocks. david: traders were not today. >> not today, we've seen some clarity, perhaps, the particular emphasize and you job creating has been.

the more rules you cut, the more jobs and wealth that are created. >> my wonderful father said, it is under the president, that it matters, whoever the president is, that is the story. let me say. david: good or bad. >> i believe that, there is talk about tax cuts but regulatory cuts are a main driver behind a lot of when we're seeing, president obama god bless him, he gis just loved regulations,. david: they are kind of a tax, that was in part of his tax -- ronald reagan said the same thing, you can't separate my tax cuts from my deregulatory policy. >> one side spikes to business owners and top ceos they are have all said the same thing, you release them from that, they don't have to look over their shoulders they can invest more, that is what has done trick, let's get -- be clear, j powell

plays a big thing in this with low rate cuts. and latest rally, started day he started -- >> politics, it will be played at politics. andems can say whatever they wa. david: i just want to emphasis, because not everyone who is watching this program has stocks, this is not just wall street, and it is not just wealth or middle class, lowest 10% of came earner news receive the 7% increase in their wages, over the past 3 years, during the trump administration. it -- this is a rally that's really has gone across the range. >> and as that class, other important thing we focus on stocks, but looking at asset classes that is unprecedented year pretty were any asset class you look at is up across the

board. >> and there is the wealth effect that helps the economy, people feel richer, and economy is worth more, the economy will do better that helps earnings and profits and markets, you go to a virtuous cycle, we. but we have debt and deficit we talk about. you know that there will be repercussions one day. >> i'm curious. going forward, never good to bet on when market will hit a downward trend, have you phase one. north korea talk. that could be a major hindrance, 2020 election. but positive is the cash on the sidelines could reenter the market. >> it is. >> do we think that will be a short lived situation for january and february. david: quick. >> greed in the market plays a lot, when people see they are left behind, they 1 jump in, unfortunately big money shows up at end of cycles.

david: sometimes greed is good. >> president trump out with a new warning for california governor gavin newsom over the state's homelessness crisis, but could the federal government do any better? 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)

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david: president trump calling out california democrat governor gavin newsom, tweeting this out:

>> well according to white house council of economic advise oar, california accounts for nearly half of all homeless in america. is it time? for federal government to get involved. >> you know, i'm for whatever works. whatever they are doing in california is not. it seems they talk a big game, i am not seeing priortizing it, in orlando they came up with a coalition for homeless, there are still homeless, but it is a lot less, they meant business of doing something about it. i understand that president. the president of whole country, and wants to do things better, i hate when federal guest gets their hands -- federal government gets their hands in anything, hopefully gavin newsom does nothing about it. >> we really don't want federal government to get involved, we don't need federal government to spend any more money.

we know they are not effective. and californiaa not be being effective this i -- this is something that citizen of california need to put pressure on. and take best practices, and expand that throughout the state, this is not something we want federal government. >>, so many o so many of those s are what contributed. talk about not in my backyard develodevelopment plow proposaln california need to either vote to get better leadership, get gavin newsom out of there or leave. trump should stay out of this it is state issue. >> we have not addressed the pull problem -, actual problem, why is it get so much worse, gavin newsom launched a hundred day challenge, throwing 35 million dollar to community and

county in california to make it a goal to reduce homelessness. the problem is, what are we addressing with it? >> mental he'l helio castronev d tape, it is a problem,. >> some of the sanctuary city like policy that attract people who don't have the means to camp out on the street, this a lot of local issues that president should not get involved. >> by the way, that is what california and new york, situation is getting very bad as well, have in common, the various cities, whether. san francisco or l.a. or have new ordinances that make it easy to live on the street, easy to use the streets as your bathroom that is causing the caught break

of cholera, we thought we left in 19th century. this is for public safety alone you have to get rid of those, but those cities that go in this direction, make it easier to live on the street, you will have more people on the the street. >> this is issue just because you throw more money at a problem does not fix it. it will not fix it as kristina mentioned this say very complex problem that deals with not only affordable housing, did you drugs and mental health. >> they spend money on stadiums, and on coliseums, on this that and the other, these are humans and people maybe if you just put them out in front, prioritize them, instead of this other stuff. by the way, he is blaming trump, newsom, the buck does not stop on his desk this is donald trump

fault. >> founders understood that state with different policies, only thing holding california afloat is silicon value. policies like these are weighing it down. >> gavin newsom has been involved in this problem for a very long time, i lived in liven francisco, he was mayor there, which is ground zero for the problem, he has never addressed that problem. david: the wrong way. >> i don't know, have you seen stories of people throwing rocks at people at tents and 7-eleven blasting music. and then most recent one, a las vegas strip club donating tent with branded strip shru club nan there. david: they don't help homeless problem by enabling homeless to be on the street, that is the bottom line. >> and incentivizing them to be on the street.

david: president trump taking action on north korea after kim jong-un threatened a dangerous, quote, quis mas christmas gift. is the rocket man back to his old tricks, we ask walid phares next. >> we'll find out what the surprise it and deal with it successfully, and see what happens, everyone has surprises for me. i handle them as they come along. ♪music

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david: keeping a sharp eye on rocket plan, u.s. reportedly flying 4 spy planes over korean peninsula, after kim jong-un's

alleged threat quote of a christmas gift, joining us with walid phares, what is going on insides? >> that is the big question. there is something happening in north korea. which is prompting and pushing chairman kim. david: what is it. >> to do what he is doing. >> two things. number one. somehow, information about situation in south korea. not military one. economic one. social one. educational one, it is slowly come to north korea, we don't know how, who is getting it, they are comparing situation in the north to south that is putting a lot of pressure on chairman kim. second, looks like we heard about some spiritual, quote, end quote challenges, people that are committedded to another ideology, and he is concerned

this could challenge him if he does not bring food to the table in north korea. >> that is so important for people living there i want to ask more about president trump and language used from rocket man, fire and fury on we fell in love, then have you north korea you know threatening with a gift, we know how vocal the president can be and so unpredictable. how come he has not really responded is it that dire of a threat, best to not play with fire. >> basically, i am sure -- others have confirmed there is a track of talk and negotiations of the upper scale of administration and north korea, most likely return from north korea is we have to did this we're not engaging in threatening behavior, they did it usually. he does not' to threaten his policy, at one point the president will act not on

speeches and statements but actual reports by our military, and our intelligence, if he feels something is really going wrong. then he will have to -- >> you know president has suspended a lot of so-called war gamegames with south korea it tt one reason perhaps north korea fell more embold eped to taunt president with christmas day threats? >> two points, north korea coordinates with china. they would not move in sends a missile or mobilizing without a coalition, but second, reason for why chairman kim acouple years ago decided to engage with us, he saw a huge force around north korea, he coordinated with chinese about what is going on, they said you better stick with united states and 'president, i

think they have changed posture because they want something from us. >> at the end of the road, is he really going to get rid of his nuclear ambitions in we heard this forever. is this like one of great snow jobs out there? i want your opinion on that. >> my direct opinion -- may not have inch happy with what i have so say, i don' -- not have evern with that i have to say, i don't think this leader will relinquish his weapon to a international organization, there are circumstances, if we know what we're doing, if he connected with what is happening in north korea, he may be compelled to do so, but on his own. i don't think so. david: moving over to middle east for a second, there is news on what is going on in syria, president tweeting out, russia, syria and iran are killing or on their way to killing thousand of

innocent civilians in -- province, don't to it, what is going on here? president asks. well, what do you think? there is last province controlled by the opposition to the assad regime, backed by turkey. here is the problem. those million or hundreds of thousands of civilians pressed by assad and russians expirk rannians, and tuck i, is not doing anything to defend them, is it an indirect inmessage to o you have to do protect the civilians, the concern are refugees, all the way to europe. >> what do you think about president trump's tactic about twitter diplomacy, do you think that this is an effective strategy and tactic for him. >> twitter world does not operate by itself, there are

conversations on twitter, president is very good at that, but there need to be actions on group, through tweet there were encourage am foment for dem fran demonstrations? iraq. david: thank you walid faares we appreciate it, happy new year. >> democrat continues to make healthcare a key issue for 2020 race, are their solutions realistic? we askd mark siegel if he. s that 2020 proposals for medicare for all are really medicare for none. david: is coffee key to fighting off the extra holiday pounds. >> wait until you hear the results of a new study, call coming up next. how did you make someone i love? that must be why you're always so late. i do not speed.

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>> the function of health care is to provide health care for all. >> 2020 is our moment in history, to pass medicare for call. >> every american wil will be guaranteed access to affordable while insurance, that means millions who don't have health insurance can get it. >> 2020 democrat pushing for universal healthcare coverage, but now even elizabeth warren is

calling for choice, fox news medical correspondent dr. mark siegel, calling medicare for all, saying even if there a choice it will not work in the real world. dr. siegel joining us now, doctor, you are also concerned about choice of doctors, will enough doctors choose to treat the patients in a government program to make it workable. >> absolutely not. this because doctors think in terms of actual care. politicians, use words like coverage, sweeping coverage, without adding to point that coverage does not mean you get care. if you pay doctors 40% less, which mad medicare for all doesr public option that will start to squeeze out private insurance, doctors cannot work with it, we struggle, we end up rationalling care. hospitals will be first to tell you, this is why hospitals are

all against medicare for all, they will be gain public option too, because, medicare pays them 85 crypts o cents on dollar, thp for it with private insurance. doctors look at what care we can flow vide to patients -- provide to patients, patience payings are aware of this, 54% of americans prefer private insurance, and 42% public. public is not delivering what private. >> ke >> we know that free markets work, and they work in areas of healthcare. if buy aspirin in a drug store this is a few cents a cab let tablet, in the hospital it is gif50dollars. when they are going to step up.

>> i, agree with you. next point i would make, in response to you, too are too many parasitic middle men in there, doctors are not making profits, the parasitic middle men, there is a system in henry ford hospital in detroit providing direct care to general motors from the hospital system, and middle man. the big blow to insurance company or the hospital conglomerate is out. i think we're moving in the direction of what caroll wants with price pran perso tran perse choice. >> dr. siegel. you think we're moving to a freer healthcare system? every democrat wants government on the center of health care system in this country, we know

that, control it has always failed, whether the faa that drives up cost of drugs. and or insurance -- >> go ahead, doctor. >> -- -- he is right. if the democrat win, we're going to have a huge government chokehold, overreach healthcare system, i was pointing out in current situation, we're starting to see baby steps in right direction from trump administration in terms of price transparency and choice and more and more generics, how come premiums did not go sky-high as democrats predicted when individual mandate went, i was so troubled as a physician by that individual mandate, like a shoe salesman saying buy this insurance, but go to doctor's office, yo you don't get care. david: doctor, i have to ask you

about the coffee study, a lot of people talk about it. new study, has great new for people who love coffee, claims those who drink 4 cups a day, gain 16% less wet an persuade -t ask 22% less fat. >> these are not people, they are rats we're talking about in illinois. university of illinois, they gain 16% less and -- rats deposited less fact. but i think that coffee is an appetite i suppressa will make u eat less, i think coffee is of value, but don't have it with a piece of cheese cake. >> i think we all talk about it adds more energy, if you take 4

cups a day does that result in headaches and dieretic part, you go to -- >> okay. >> your weight loss too. >> it may to the be 4 cups the right solution, you are making a good point it because raise blood pressure, look at it on app individual basis, not how much you drink but caffeine and coffee. does interfere with fat deposition, you are right to point that out 4 cups may be too much. >> all i know after i do a tripoliatripolisatripolis pressb billdumbbells. >> get on the tread bill treadm. >> are in get the dumbbells. >> you are in florida enjoying the weather, continue to enjoy it. >> you thank you. david: on-line sale breaking record but retailers are bracing

for returns as consumers send back the un' the gifts, w we hae a live update on all of the numbers, coming next. ♪ ♪ everything your trip needs for everyone you love. expedia. 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.

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david: on-line retailers smashing records this holiday season, but consumers are expected to return billions much dollars worth of presents, jeff flock is crunching numbers in chicago. reporter: we talk about the decline of bricks and mortar. i am on state street in chicago. maybe you can see, if you buy something on-line, you don't get the experience of the chicago bucket boy. wherever you bought your gifts, whether on-line or in the store, a lot of people are returning. you are right, 100 billion of

returns, this is macy's on state street, return policies, most items at most stores, get 90 days to return them. jewelry and watches, at macy's until end of january. if you bought an apple product, january 8 is the deadline. and if you bought a fur here, you can't return it. there you go. here is a statistic that blew me away. three quarters of people who got gifts at christmas will return at least one. 20% i am told return -- will return half of the gifts they got. that is ungrateful people that get gifts to me. and the other point i thought was interesting, 55 percent will return it nurse firs it -- firs, that helps brick and mortar even

if they bought it on-line, that i want to return it in the store. we have to commend macy's to me this always marshall fields. david: i am thinking of that bunny out fit that ralphy had to wear in a christmas story. remember that? that i wonder if that was returned, thank you very much jeff, a good set up, is it bad news that retailers are expecting so many returns this year. >> not what you consider super saturday, dollars .4 billion -- 34.4 billion. there is one viewer, we read your tweets, said, i am pair paraphrasing, cash is the best, who wants to return cash. not me. >> yeah. i am speechless. david: jonathan. >> there has never been a better

time to be a shopper. the bar has been upped for free shipping, i am amazed what shoppers want to go to the stores, purchasing want to go back to that physical store, i say give the gift that never returned. >> let me give you the shopping queen's insight, this is scam, 80% of people go back to the store, here is what happens when you go back. you end up buying 3 time as much as cost of the rush, i a russiae -- of the return, oh, i will here, this is cute, you get mor. send the sucker back. >> let me say, i am so happy to see jeff flock in 60 degree weather after watching him in hurricanes and floods and tornadoes.

two words, gift cards, that is all i give, they can never return. david: really. >> people are so happy to get them, basically cash, a little thing you put in your hand, no going back to the store, but stores love returns it gets back in the store, people buy more. >> people are happy with gift cards. >> they suck, the love that goes into buying. >> i have so much love. >> they love the gift cards for the same reason, one they get the breakage, if you forget to spend 5 dollars, the store keeps it, and you don't have enough money you spin more money. stores love gift cards. >> may i make a point for tips, they have changed a lot of policy return policies. you just mentioned, kohl's and bed bath and beyond made the policies shorter, if you buy

electronic wait until january because of the consumer electronic show, the moment they show new products. >> bet m putting a bow, the fact there is so many returns that means there is a lot of buying. >> amen. and a lot of good tips there thank you. >> before we head to break, see when is coming on "evening edit," blake berman in for liz macdonald. >> david, you woul would not ren my gift, right. >> no. >> coming up, we have a lot. texas attorney general ken paxton leading courtside to get rid of obamacare, he had a big legal win, we get his take. and planes have radar, car carse license plates and now tracking

drones? a lot to unpack. we'll get into it on the evening edit. >> wild be watching thank you. >> -- wild be watching. >> a broadcasting company under fire for editing out a brief cameo of donald trump in holiday classic home alone 2. why and when has some scratches their heads. >> excuse me, where is the lobby. >> down the hall to the left. >> thanks.

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it every year. around christmas, they say i just saw you on the movie. they don't see me on television, but in the movie. >> that was president speaking to military servicemembers overseas christmas eve, video conference recalling his cameo in holiday classic of home alone 2, a broadcasting company is under fire for deleting the 7 second scene. >> excuse me, where is the lobby. >> down the hall to the left. >> thanks. david: canadian broadcasting corporation they' said drive brs cut to save time for commercials it was done in 2014 when they first acquired the film. but what does this say. >> sure, right. in case you don't know, before

the president became president, all of a sudden turned to stolln and pol pot put together he was pretty popular, you can even find colbert, kissing his butt before he became president, now he spends his whole monologue shredding the president. >> i also take people with people's pace in holiday movies if they are watching home alone 2 when they could be watching die hard. if you want to erase donald trump from pop culture, you will have a hard time, more than 30 tv shows and movies. and with second and the industry, and the nannies and the fresh prince. he was really popular, i and a g part of pop culture. david: i have to jump in with a point. in point of fact, every building

this is according to some people in industry, that he owned or had management over, there was something in there that said if you film in one of his buildings, you have to give him option of having a cameo. >> i -- we're having that conversation, but we're fulfilling a stereotype with this narrative, it was delighted 5 years ago with many, many other scenes prior to him being president. i think that is important. we should not make this a big deal. they cut on out, who cares. >> you have admit, it would make sense in canada, a lot of canadians as you know have a very -- >> but they did not in 2014, did they? they watched the apprentice, everyone knew that. >> but you have to add hit. adm. >> during holiday people are watching holiday movies. >> not in 2014. >> kristina. >> high wa if he was on populard they put it back in.

>> they cut things ut back then. >> it is not a story. david: this is a very different president, we never had a president -- >> no. david: who built his life on his name and image, his whole business. >> yeah. david: there is something about trump name and trump image that sills. >> yes. david: someone guess against that, like cbcdidc, did there ae immediate suspicions. >> no one noticed until 5 years later, now we're making it a story. >> the underlying story, president is incredibly media savvy, every organization has benefits from his presidency and cannot afford for him to not be president. >> maybe they will put that 7 second clip back in. >> when you head home for holidays, have you been asked to pay for a meal? a grandma is capitalizing on her

christmas dinners, why she is charging her family for a seat at the table. is that right? that is next. ses, 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. . . incredible amount of ink. the epson ecotank. just fill and chill. (thud) (crash) (grunting) (whistle)

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♪. david: may be no place like home for the holidays but for one family, what that means, paying grandma for a home-cooked meal. 52-year-old haley charges everyone of her guests including family and friends 45 buck as plate for christmas dinner. she says she uses money to spoil the guests with fancy food and extra cash. she uses cash to pay for more gifts to put under the tree s this brilliant plan or insult to the holiday spirit? >> no, way to go grandma. david: i knew you were -- >> free refills? do you have to buy a bottle of wine or get it by the glass. in all seriousness. putting on a spread for family, your family probably working for

anyone, a retired grandma can be expense system appropriate for younger children and younger siblings to pitch in if older family member shells out a lot of money for the meal. >> if affordability comes into play i agree. when you start counting pennies, nickles, dimes, creates tension especially relationships families, et cetera. when you say you owe me this, you paid the groceries you should pay me for the meal because i'm giving the spread -- david: i want to spread this conversation around a little. go ahead, carol. >> i have an important question. so do you tip before or after tax grand ma when she cooks for christmas. david: i don't think you tip on top of all that. >> i am not sure. i understand the financial implication. this could be shortsighted of grandma. if she needs somebody to help her around the house, family members will given the bill. david: you have to button up, gary. >> talk about the fact that

thousands of people are doing the same so they can pay for bigger meals. david: you really think so? >> absolutely. david: i don't know. this is in england. i like to know how stuart varney handles christmas dinner. >> you calling him cheap? david: no. that does it for "bulls & bears." >> another trading session for the record books. the dow, s&p and nasdaq all closing at all-time highs. the nasdaq over 9,000 for the first time in history. why ups is expecting a different kind of record. also this evening a christmas surprise goes empty. whatever happened to kim jong-un's threat of giving the u.s. a different kind of gift? plus a new year on the horizon, bringing impeachment t