tv Cavuto Coast to Coast FOX Business December 27, 2019 12:00pm-2:00pm EST
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kristina: i want to get involved with this next year. let's do it next year. charles: i think someone else would be good at this, with connell mcshane. he's got a loving heart. >> how many people, how many billionaires go like that? >> it's a story and we need more and you guys give us the best ever between that and the dogs, which is great, thank you, charles. charles: you got it. connell: welcome everybody to cavuto coast to coast. i'm connell mcshane filling in for neil and boy, we start off here, where its been some run for tech stocks and the nasdac is on pace for its longest string of records since february of 1986. $0.86 and the chicago bears and
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well move higher at 2020 we're not going to be up by 34% for the nasdac, as we were in 2019, but perhaps, 5% is in reach, and of course, that's what i said last year we're up 34%, a lot of people said that. connell: its been surprising this run in terms of how long its continued as i said i don't know, by the way the mets won the world series in october of 86 so i'd love for the comparisons to be true. >> they defeated my beloved ed red sox, i had this moment where they walk out of the subway entrance, in october was it for that celebration the mets were having. connell: oh, yeah the parade? >> i could never forget it, it
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was so downhearted. connell: ons let me fast forward because the comparisons are more that 90s and more people are around in trading environments, or covering it or whatever and they say boy, are we in an area like that, but i mean, i know the nasdac has been up a lot but this isn't exactly 1999 again isn't it? >> this market is valued without a doubt but we don't have the gross overvaluation that we had in 1999 and 2000, to give you an idea march of 2,000 was was when the nasdac peaked and march of 2000 the nasdac was up 103% year to year. today we're talking about 34%. better yet, three years ended march 2000 the average annual increase of the nasdac, 55% past few years its been about 18%, a lot different. connell: so up yes but nothing as heavy as back then.
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go ahead. >> corporate credit quality was falling apart, by 99 and early 2000. we have the measure of corporate default risk that was coming in over 8% of march of 2000 today but just over 4%. connell: not an issue there because some people brought up corporate debt at least as an issue but the credit quality is -- >> it's not deteriorating the way it was back in 1999 and 2000 connell: what about the economic back drop which is your area of expertise as we head into 2020. you can find areas of concern and say well way lot of us in the stock market is propped up by the federal reserve that certainly has the back of the market even if you don't want to call it quantitative easing it certainly seems like that, they keep adding to their bernie sanders maybe we can't sustain that forever but also the economy looks quite strong right >> well the economy was stronger then 99 we're looking at growth in excess of 4% likewise for 2000 things really didn't begin to fall apart for
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the economy, until the latter part of 2000. we're doing quite well in that respect then. that was the last time we had in 2000 an unemployment rate below 4% which is what we have today. there's another important distinction and it's one of the reasons why the equity market got carried away in 99 and 2000 was because believe it or not we had a federal budget surplus. connell: right. >> and now we have a deficit approaching $1 trillion and nobody seems to care. connell: nobody. >> despite that deficit the 10 year treasury yield today under 1.9% was about 6.25% in march of 2000 despite that federal budget surplus. connell: nobody seems to care to your point. should they? >> i would only become worried about this in the event that the dollar exchange rate begins to tumble, and that in turn causes foreign investors to start dumping their treasuries. we don't see that happening any time soon. we don't see any type of event taking place globally that would
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prompt foreign investors to abandon dollar denominated debt and by doing so, drive interest rates in the u.s. sharply higher and by the way, when you look at a treasury bond yield, what's happening with the expected rate of inflation, core inflation is far more important than what is going on with the federal budget connell: great insight as always it's always good to see you john have a happy new year. >> you too. connell: i apologize for opening up those old red sox wounds easy to talk about the 90s then 86. we were talking so much about the tech stocks and if you have to pick out one to highlight it's probably got to be apple on track for its best year since 2009 and gerri willis on the floor at the new york stock exchange to talk more about that gerri? gerri: that's right connell. apple on track for its best annual yearly performance in 10 years, so shares were 84% higher on the year, as you can see right here, 84.14 and higher
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again today, touching a brand new high of 293 off that a little bit right now. remember wedbush raised its price tag and on the stock to 350 and it looks like it'll punch through 300 in short order here. now why is this stock doing so well? despite skepticism last year, apple has managed to find new, appealing iphone features like extended battery life, and the ability to take slow motion selfies and meanwhile not only that but other products are on offer too, the nextgen air pod, the mac book pro and a whole host of new content from apple tv plus, that's happening too plus apple has enjoyed a push from this is the general market optimism, regarding holiday sales, plus they manage to avoid tariffs, despite fears that would kill their business the trade war would raise supply costs for the company, derail china sales big sell-off on that , that didn't happen and the
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company shares first topped that trillion dollar valuation level way back in 2018 and now the valuation, 1.29 trillion. connell: isn't that amazing and as you say the word of the year, gerri, thank you for that. i will point out gerri, you're not blaming her the nasdac turned negative for the first time in 25 years, no, it never seems like it's negative, but everybody calm down but we may not be up on the nasdac today which is news in and of itself look at these numbers, let's work a little politics into the discussion, with president trump certainly, whether it's the market or the economy in general would appear to have the economic wind at his back, but he says and he said this on twitter that impeachment is actually making it more difficult for him to work with foreign leaders. trump 2020 senior legal advisor jenna ellis joins us now so we we go into the new year, jenna what do you make of that back drop for the president? politically obviously, fighting for re-election, and he says this whole, the impeachment
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drama is making him a little bit tougher for him. >> well i think that president trump is clearly coming out on top with the impeachment fiasco for the democrats, because everyone understands that this is an impeachment sham, and i think with his polling numbers and approval ratings at an all-time high he is going into 2020 very strong and the democrats are simply campaigning on this issue, because they know that they can't talk about actual policy and they also can't combat the factor or even respond to the fact that president trump's economy is so strong and for average americans like me, who aren't necessarily paying close attention to the stock market to nasdac to all of those other things, we're looking at the fact that president trump is keeping his promises to the american people, we have more money that we were able to spend on christmas, because of lower taxes we're getting better jobs, all of these things that president trump is doing for the american people, i think that's really significant moving forward, and the democrats clearly can't respond to that, so they are
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pushing this impeachment sham, but nancy pelosi withholding the articles from the senate and trying to control the trial, she's actually really scared of a fair trial, in the senate because she knows the facts and the evidence are not on the democrat side. connell: so the question for the president he made the reference to dealing with foreign leaders i'm not sure who he was referring to specifically maybe it ways boris johnson, there's been reports of him delaying a trip to the u.s. post-brexit until that is completely finalized but is reluctant to the reports in the british media to come here while the president is facing impeachment, so maybe, jenna that's what he's referring to in his dealings with foreign leaders, you know, it's more difficult for him until he puts us behind them. >> well unfortunately, impeachment is a very dirty word and it carries a cloud of illegitimate mass it and trying to put president trump into this whole category of maybe there's a cloud of suspicion over his presidency, and that's what the
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democrats are driving for and i think that it's very wise and very understandable of president trump to fight back against that , because there is no evidence for a legal or constitutional basis for this impeachment to move forward, and so that complaint is entirely legitimate but let's not forget the democrats have been trying with this administration from the very beginning, 19 minutes after he was sworn into office, the democrats were saying that they were moving forward with impeachment, and so they have been trying to delegitimize his presidency from the very beginning, and so that's all that they are trying to do here and so for foreign leaders who maybe don't understand our constitutional process they need to understand that think us is just a political tactic by the democrats, and they can deal with president trump very amicable, they can deal with him as a regular president, and they can move forward with us because impeachment in and of itself does not mean that president trump is guilty and i read a piece in washington examiner with that exact same headline.
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go ahead and read that. connell: jenna thanks good to see you today as one thing, we have not seen is any impact on markets from any of those kind of talk as the record run continues. when we come back we'll talk a little bit about amazon after the multiple hackings of the ring devices, these have been well-publicized on social media and elsewhere, the new development is that customers are firing back. there's a new lawsuit here that we'll tell you about so stay tuned for that and then after the bell today at 4:00 p.m. eastern we'll have an interview with the huawei chief security officer. that should be interesting, andy perty will join us. >> ♪ meanwhile, more, more, say jump! for my love, jump in ♪ (classical music playing throughout)
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connell: really out with the old and in with the new, today they say is the best day to buy electronics. i think it has something to do with the stores clearing out their inventory but jeff flock knows more about it in glennview , illinois with more for us. >> reporter: i am eager to take you inside, connell, with the world's largest single store electronics mecca in the world. they got it all here, 37-acres, and yes, today, according to some, this is when inventory gets cleared out for all sorts of things including fitness equipment, because obviously a lot of people want to start the new year off right. what's the deal on this? >> we've got a nordictrak treadmill that's normally $1,700 on sale for 998 so it's a great value for a great looking product and great performing product. >> reporter: connell is asking what causes this? sometimes it's you've bought too many of something. other times it is people that have returned merchandise, and
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then you can't sell it at full price like these big screen tv's here. we've got an example of one that's a samsung, right? and that is one that somebody returned, and what's the deal on that one? >> reporter: so what happens is somebody might get a gift and it's too big to fit into their family room so they return it to get something different and we mark it way down. >> that's the actual one the samsung we're talking about there which is now i think what is it? >> this one is 650 down from 1,100 so it's a great value. >> reporter: half price and the other thing you bought too many of and that is apple what is it called? >> the airpod and these are the ones with the wireless charging case. >> reporter: i want to put the numbers up on that one and i'll show it to you. the co-president of abt electronics says he bought 8,000 of these. >> yes, we did have 8,000, we sold through some but we still have a lot left and so we have them marked way down to $166 the best price in the country so get
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them on abt.com so you don't live locally to pick these up. >> reporter: when you told me earlier it's the best price in the country i started looking around and actual actually i couldn't find anything cheaper than that. so there you go. apparently, a very good day, prices go up at the end of the year, on a lot of items and then maybe come down again, big screen tv's included leading up to the super bowl. if you got any money left over after christmas, maybe you could spend it: connell: he says you don't have to show up, go online get air pods not a bad deal, thank you, jeff good story. there are reports meantime that amazon and ring are being sued over those security camera hackings and the mom and dad of an eight-year-old taunted by a hacker using ring and speaking to their child, and he spoke to us last month about it before we talk about the lawsuit let's watch this. >> when i first heard his voice , i mean, i ran inside, and
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he was just petrified and my husband was obviously shaken, and he could barely get words out. she's still really scared. she said that she like still can't sleep in her bedroom. >> no, sir, we'll never put cameras back inside of our house , period. even on closed circuit. connell: yeah, who could blame them after that the likelihood of being hacked is leading some to just ditch those cameras completely and we have a former internet crimes prosecutor joining us on the trouble that these companies could be facing. good to see you. what about the liability of the companies involved here? i'm sure they would argue there's not much we could have done about it but is there? >> that is what they can argue, i've actually read the complaints, it's about 30 pages and it details incidents across the country, most of which sound annoying but really, the question of damages is one that
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is going to be hard for these plaintiffs to overcome. so, in this case, you know, they are going to say look when you're dealing with the internet of things, when you're dealing with home security systems and things like that, there are no rules so there are no rules, there are rules for the handling of data but what people can do, what government can do and even those areas are evolving and moving but here, there's no rules here, and so people, there has to be some responsibility put on the consumer. the man you just showed clip of actually said he's not going to put a home security in there so when you look at all of the stuff when you ultimately say oh , this will protect you and give you the security when something sounds too good to be true it usually is. connell: so the companies are being accused of not having as far as i read the lawsuit of not having of what is described as robust security against the hack ers. they are accused of being negotiationly genetic but there's no requirement, for them to have that robust security, to protect against hacking? >> yeah, look, this is sort of
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the buyer assumes the risks right? ultimately what's going to make these companies more profitable is dealing with the stuff. all this bad publicity for ring is going to hurt it. it's just so ultimately they will get better. one of the things they put in the lawsuit is they talk about google and how it's the gold standard of security and it has two factor authentication and they actually i don't know if they meant to do this in the paper it says well google will p ing you if you don't and remind you but guess what that means. it's not required and at some point, during these papers they actually mention that ring does have two factor authentication, but it's up to the individual buyer whether to use it or not. connell: yeah because this is a decision now on the plaintiffs part to file this lawsuit. we do segments all the time about whether it's a good idea to have these cameras and what the risks are that's different from a legal question or legal obligation for the companies by the way we've reached out to amazon they haven't gotten back to us in terms of their side of that but you've articulated what
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we expect, their side of it to be. will something change in the future? it would have to come on the legislative side where legislators put in rules that don't currently exist, right? >> that's right. that's the only way this could happen and even those kind of rules, i mean, you've got to ask yourself, is this what government wants to do, the legislation wants to step in and it may be a situation just like you have with facebook. you have all of these hearings and things going on but ultimately, congress hasn't moved yet and even if they do, there are things they put against, for example, facebook, where we could be challenged. connell: thanks for explaining that all to us. we appreciate it and have a happy new year. >> my pleasure. connell: in a moment you remember, the peloton ad and that husband? well we talked about this a little bit yesterday, he's going to join us, the actor, who plays him of course and he will have to explain himself because you remember he got his real girlfriend the peloton for
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connell: so, if china, iran, and russia, and they are set to hold joint naval drills today, raising concerns about a growing alliance at odds with the u.s. and with nato, to fox's luc as tomlinson with more on that. >> reporter: connell it's the first time china hosted in its port for navy drills and earlier this month the navy's top admiral said who the biggest threat is, china. >> they run a very steep trajectory in terms of capabilities and numbers. >> reporter: the joint military exercises are kicking off in the
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port city in the gulf of roman outside the persian gulf and where over the summer a small of attack from commercial oil tankers and iran forces also shot down that $100 million american drone. u.s. officials say iran, russia and chinese actually don't trust each other and they will not be the only ones in the gulf of oma n, and harry truman just arrived on station with dozens of strike aircraft as well as destroyer escorts carrying hundreds of cruise missiles. the u.s. allie japan announced today it would also be sending warships and troops to the region, connell. connell: lucas, thank you, sir at the pentagon for us, as we continue here, on cavuto coast to coast, it's the 27th of december, this friday, and the countdown is certainly on as it is every year, for the big ball drop in times square on new year s eve, jackie deangeles is there with a live preview, jackie? >> reporter: good afternoon, to you, connell so if you live in new york city you know about this ball. if you live anywhere, and watch
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us a little trivia. how many waterford crystals are in the ball. she joins us now, from times square, it looks like a lot to me. >> reporter: [laughter] it is a lot, connell so i will start with that, 2,688 waterford crystals behind me and they are pretty big when you actually look at them individually. now, 192 of them are going to be replaced because we're not just turning the year on calendar year, we are starting a new decade, and they are going to be celebrating the gift of goodwill so you're actually going to see a design of three pineapples to celebrate that. now, there is going to be a ball drop test tomorrow, a confetti test as well, because so many people worked on this and they have to make sure that everything goes smoothly. another bit of trivia, it's going to be a million, maybe a little bit more than that in terms of attendance here in times square, weather seems to be setting up to be okay, but remember, millions watch this nationally, billions watch it
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worldwide, and of course, it's going to be a lot of security to make sure that it's safe so the nypd working with new york state police, the mta police and the fbi and many others they won't let you bring backpacks or bags, no alcoholic beverages no umbrellas in case it rains but so much goes into this the detail of the crystals, a few more interesting facts connell and i'll let you go. 12,000 pounds, that's how heavy it is just under that, more than 32000 led's it takes, to light this thing up, and the first ball drop was in 1907 this is a storied new york tradition, and for me as a new yorker, to be able to touch that ball, huge. bucket list. connell: you're right. just looking at it around 50 during the day, it might get into the mid-30s which is not bad. thank you, jackie. there's something on your head by the way just so you know when you come back. just there it is. thank you. >> [laughter] connell: good stuff. small business owners are
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raising concerns, on the side effects of minimum wage increases. this will be a big story to watch as we head into 2020 and neil had a conversation with a sacramento restaurant owner who closed his business earlier this month. let's watch. neil: with all these people, will now lose jobs and the state counting on that extra revenue from these higher hourly wages you've got to wonder how the next step is that. >> i don't know. everything goes up. everything at the grocery store goes up and life goes up, that dollar doesn't really help anybody. i don't know what the plan is hopefully they could fix it, because that destroyed a 51- year-old business is kind of sad i think. i don't know. it was my whole life, my first and only job and now i'm starting from scratch back to when i'm 45, starting all over which is okay. i'm a big boy. i can handle it, but you know, i'm sorry. connell: hourly rates are set to
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go up in 21 states, the first of the year, so how will businesses adjust? will they be able to adjust to these new guidelines, dover group ceo is with us, and see that gentlemen getting emotional about this. >> it's hard, i understand i feel for him and i have the same problem myself, so how are you working through it? you have to cut back on your hours and minimum wage originally was set up for the students and kids like entry- level kind of job not for someone supporting their family. look what's happening people are cutting back on hours, cutting back on labor, stores are closing, and they are being, people are being exchanged for robots now so you go to a mcdonald's and use an ipad to place your order. connell: are you one of these people who thinks there should be no minimum wage or maybe it shouldn't go up as much as it's going up? >> it'll go up 8%, not only just minimum wage for a worker but it's for the wait staff, and for the workers that don't have hours accounted so everybody gets an 8% raise except for
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those that make more than that. connell: a lot of these changes going into effect that start off , i'm sure, with the best of intentions to say well we want people to make more money or like that economy law that we've been covering out in california, where they are going to re classify a lot of the workers as those that are independent contractors. so, that again, probably started off best best best of intentions similar to the minimum wage where well certain companies or employers are maybe abusive or whatever the case may be and trying to fix that but in the process? >> they are hurting people. they want to be aggressive and get out and drive an uber or go do things. connell: is that something that would effect you too if that comes in? >> oh, sure because if everybody becomes your employee and not an independent contractor then of course almost 30% between all of the time the vacation pay, possible severance pay, or the different things that you don't pay when you have independent contract. connell: which people don't even think of all of the time how you would use independent contracts but your business, how do you use it? >> like the wait staff and the big catering jobs or sometimes
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kitchen help or different things , and usually the independent contractor you think of as a plumber not as a full- time worker and that's where the line gets drawn. plumber comes and fixes something and leaves and these people stay and work for you full-time and that's where the whole thing gets mixed up. connell: those people want to be in many cases independent contractors? >> they can work when they want to and other ones get stuck and they say working for a minimum. connell: that's what they are trying to fix, right? >> yes. connell: so you would acknowledge there are some issues, so how do you solve this >> you have to define what is independent contractor a little bit better. if you are telling somebody what they have to do and wear then they become your employee. if somebody is committed to perform a duty or a job for a send amount of time, that's different. connell: i was reading about it in our business in journalism they say if you're writing say for a paper and you submit more than 35 pieces a year all of a sudden you can't be an independent contractor so a lot of people might do something once or twice a week.
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and then the incentives so it mess that up. >> oh, sure, and the person that's aggressive can't be aggressive any more so ones driving uber 20 hours a day can't do it because they don't want to pay overtime. connell: good luck and happy new year a good discussion these things are not that simple. thought out well in many cases. it may be hard in the meantime to get a lift, you ill will in one major city how la may force uber and lyft and others to use electric vehicles that story is coming up, next. the epson ecotank. no more buying cartridges. look at all this ink it comes with. big ink tanks. lots of ink.
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debt, is that stressing you out? because it is actually helping the banks out. it could become increasingly costly for consumers, as we head into the new year, if they don't pay off their bill every month, but so far so good. rebecca walser, wealth management ceo and good to see you, rebecca and so far so good because generally people are paying off their bills. they are taking on more and more credit card debt, they use their credit cards all the time but numbers are pretty good on paying them off. >> yeah, if you look at february of this year, we actually hit $1 trillion of credit card balances for the first time ever in u.s. history and that number is down to $443 billion, so we have had a $500 billion payoff, over from february until now, so it's really not as bad as it seems, that we just have an exuberant consumer, if we aren't now, connell when will we be? this is the time for exuberance.
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connell: it's time, wallethub, just to add they did numbers, look back at 09 and if people were late on their monthly payments is usually a pretty good indicator there is an issue and back then it was 15% of people missed a piment and this year it's 6% so people are missing payments but not a ton so it's almost like this goldie locks moment because coming in this pretty good environment for the banks, you wouldn't think of it, but not on credit cards they are able to make those that have their credit card businesses doing well, right? >> that's right. if you look at this between the actual federal funds rate and the average credit card per consumer it's not pretty. i think the average balance right now is about $6,500 per- family and that's about $1,100 a year in interest charges at the average credit card rate so it's less than 10% offer disposable income and that's what you focus on connell is americans incomes are really, we have real wage growth. we have real rising wages and really at the bottom end of the pay spectrum the wages are
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growing even faster. connell: that's an interesting story, just to stop on it for a second in the journal this morning about that very topic, and because for years we've been doing stories about the fact that wages for workers, and at the lower end of the pay spectrum would not go up but to the journal's point now we're starting to see them rise at a faster rate than some people in management so what does that tell you? >> it tells us that people feel confident and that they have more disposable income, and we don't have an inflationary costs putting the pressure on housing and cars and all of that, so the inflation isn't there, wages are really growing and so people have more disposable income, and we saw that with super saturday $34 billion in sales the largest retail day, ever in the history of america, we see that the consumer is here and ready to buy and that our economy, connell and we need them to buy. connell: a quick final point, all good or anything storm clouds on the horizon, anything 2020 that worries you or this continues, this environment? >> well, i will just tell you obviously what goes up must come
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down. we are overdue for a cyclical recession. i don't think it's going to happen in 2020 but if you just look at the cycles we're certainly overdue and everyone should prepare for a rainy day so take some of that extra disposable income and make sure you have a good emergency fund about at least six months. connell: we were joking earlier it seems like the market goes up every day. the nasdac is actually down almost 9 points right now which is a headline in and of itself. >> i know, but connell, 9,000. 9,000! connell: i know. good to see you rebecca. happy new year. >> happy new year. connell: shifting gears, fasting is it making us everlasting? there's new research out that actually suggests these intermittent fasting diets could add years to your life, so with that, the fox news medical contributor, dr. nicole sapphire joins us and it's great to have you on any time but in this particular case, you are actually applying one of these intermittent fasting diets in your own life right? you're doing this? >> a year ago today, keto diet
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was all the rage and i never got on that bandwagon because i found it to be so restrictive and i had concerns about its long term effects and intermittent fasting on the other hand is completely different. connell: i should have asked you exactly what you're doing because people hear anything about fasting or diets in general say it's a gimmick or a fad, whatever it may be but is it more of a lifestyle? >> so we all know calorie restriction is good for lowering weight. intermittent fasting is actually focusing on the time between meals and what it does is it works on on the cellular level so there are several different types the one i like is 16.8 because it's easier for people to follow and the only diet that actually works is within that people can follow, right? any fads if you do it for a month and go off of it you tend to gain weight so you fast for 16 hours and then eat for eight hours so 8:00 p.m. to 12 p.m. the next day without food. you can have black coffee, water and tea. but what happens on a cellular level your body is not having an intake of glucose so it's having
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to break down fat cells in your own body for its energy, it puts you in the state of ketosis, which is what the whole goal of the keto diet is. but it's a bit safer, for your body in the long term. now i do have to give the caveat there have not been a lot of long term studies on this but the short-term studies and the animal models do show that not only does it help people lose weight but it decreases systemic inflammation and blood pressure, decreases risk of diabetes and improves cognitive function. connell: well good. it adds to your life or jot maybe we'll find out down the line whether that's true. nice to say we don't have the numbers yet. would you recommend it for everyone or a certain type of person? >> everything needs to be tailored to an individual. now if you, children, elderly i would absolutely say you need to consult with a physician, children should not do it but anyone should consult with a physician or a nutritionist and if you have any health concerns, you really always want to do this under the care of a doctor, but if you are otherwise healthy , as an adult, you can
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try it. connell: some of them i saw as you say you have the 16-8 version some was reading quickly about where you don't eat at all for like two days. >> that's a 5-2 and i find this a little more restrictive so for five days of the week you eat whatever you want and on two non -consecutive days you calorie restrict about 500-calories for that day. unfortunately, i think people really have a hard time with that, and it really should be everything in moderation and what works with your lifestyle. connell: i feel myself getting angry or hungry thinking about it. it's like if you don't eat you tend to overeat the next time right? >> absolutely and i will say some people do find themselves irritable in the beginning of intermittent fasting and headaches and most of the time that will pass but it's not just eat whatever you want and then fast. i mean, you really want to eat healthier, right? fish, grains, leafy green vegetables, limit fast foods and all that. connell: right. >> let's keep things in perspective, eat healthy in general. exercise. connell: i didn't think you'd
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come in here, but it's kind of interesting because when i first read it was two days no fruit, i said forget this but the 16-8 that's, i don't know. >> there is no magic diet pill anything that makes you healthy but if you incorporate a lot into a healthy lifestyle, you are going to increase your life expectancy. connell: good to see you as always. >> thanks for having me, happy new year. connell: dr. nicole sapphire as we continue on cavuto coast to coast, the peloton controversy, well it spins o in so to speak. the husband in that ad will join us and explain next why he gave his real-life girlfriend, yeah, a peloton bike. >> a year ago, i didn't realize how much this would change me. >> ♪ i above me >> this holiday give the gift of peloton. ♪ ♪
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>> are you ready? >> yes. >> a peloton? >> give it up for our first time riding! >> i'm excited. a year ago, i didn't realize how much this would change me. >> ♪ i above me cop we talked about this over and over and the husband in the peloton ad has revealed on instagram, that he bought his real life girlfriend a real life peloton for christmas and the quote was here is hoping this goes over better the second time , and the christmas controversy the actor plays the husband shawn hunter and i'm a assuming, shawn if you're coming on television that you still have a girlfriend. yes, yes i do everything is fine no worries right there. connell: what was her reaction? so you come in with the peloton and the controversy for maybe one or two people who don't know was supposedly that people said
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oh, the ad is sexist and he wants her to lose weight and this is the kind of thing that you shouldn't be giving your wife or girlfriend, as a present what was your girlfriend's reaction? >> yeah, so it comes full circle right? this, i think, is the perfect way to finalize the story from my point of view. so what peloton does is when they come up to the door and knock-on the door and boom, they deliver the bike as if it's a christmas present. it came a few days before christmas. she goes to the door and she goes "are you serious"? you didn't buy me one like there's no chance, and she was so happily surprised, it did. it blew her away, and so what had happened was through this whole controversy we were on the phone together, we were talking about it, and she had reiterated that it is a good present. it is something that someone like myself, someone like anybody, would like to receive. and then after hearing those messages, that's right so i don't know if she did that on purpose. i don't think she did but through these hints i was going do you know what? it is a good present, i think i could get one and i looked at my finances, wasn't quite ready to
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get her one until i'd received a buy-out from the commercial. connell: oh, really? >> and i looked at that sum of money, yes, so what happens is you get paid actors rate on the day but also a buy-out from the commercial and so that's just in the contract and that was a good sum of money, so with that sum, i looked at that check and went yeah, this is it. connell: that was my question. we were joking around about this yesterday and i said boy i hope he paid for this because it would be like me getting something at work for free with a fox business hat and my wife would be like well that's not exactly a christmas present, but maybe he works for peloton and they gave him a free bike but you paid for it. no. no, no, oh, yeah definitely. that was from that check, and that was a great purchase, because so what happened with that check is when i received it , i looked at it and a knew okay half of it because it was a pretty good sum of money i could afford that peloton with half and the other half was from myself. connell: has this experience, i mean, we'll see over time what it means for the company at first to say oh, this maybe this is the bad publicity, now maybe
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its turned into any publicity is good publicity because everybody is talking about the bikes and what they are capable of. has it had any effect on you? you're getting more extra publicity as an actor, any effect on the career? >> right, of course the publicity is very interesting, because it is positive. i'm getting a lot of good messages from a lot of people. i'm still getting those bad messages trickling into me and on the instagram post i just did of course you saw there's a lot of overwhelming messages there's a lot of responses to it and i'm reading it, it's good publicity, it's bad publicity but it is still getting my face out there, which from an actor's point of view is good. connell: i'm sure it is. >> i am a teacher, of course. connell: what's your responsibility to people who say oh, you're a teacher okay and then it's kind of a side gig. >> yes, that's right. connell: what's your response before i let you go to people who do say whether it's instagram or somewhere else that it is sexist this kind of thing. what's your response to them? >> i find that so intriguing and so interesting, and i want
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to hear more, because i just because i don't see that point of view. i don't see it being sexist at all. the whole advertisement when you watch it, there's no hints that it is sexist. it was not in the script at all so i wonder why people view it that way. for me, it is curiosity. i just want to know and if there is a good point where maybe it could be deemed as sexist, i would like to hear that point of view. connell: on the perception everybody has a different take on a lot of different things. well good to see you, sean. merry christmas happy new year. glad you still have your girlfriend. >> thank you. connell: sean hunter. now, in a moment, not peloton but these other tech stocks boy they are still on quite the run. we'll talk about it, as we head into the end of the year, whether it can continue, into next year. we'll be right back. to the outside world, you look good, but you don't feel good. with polycythemia vera,
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connell: we're here in a fox business alert. i'm connell mcshane filling in for neil. the market continues to run higher here, especially with the dow looking to close out at all-time highs for the year. apple, microsoft and visa have been among the top performers for the year. only microsoft down a little bit today. the s&p 500 delivering, more than 50% returns since president trump's election which is actually more than double the average of past presidents three years in. we will talk about the politics heading into 2020 a little bit as the american institute for economic research president joins us today, alongside democratic strategist laura fink and great america alliance co-chairman eric beach. welcome to our panel for the hour. so i have almost run out of things to say about the market. other than can this run continue
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that we have been on. >> well, there's been a lot of promises. deregulation of the economy, the president delivered on that. tax cuts, lowering of corporate tax rates, that has clearly been good for american business. a lot of people i know, lot of businesses were a little bit afraid, upset about the trade wars and now there's a bit of tempering of that. now business can actually do what they want to do, engage in commerce, and i think people are happy. markets are happy, corporations are happy. everybody's happy with that. connell: is there another side to that, laura? i saw it in the last democratic debate, where some thought it was a slipup for the former vice president, joe biden, when he was asked about the economy and started to talk about areas that weren't as strong in his view and said something to the effect people don't like this economy. is that the way the democrats argue it or you just change the subject and talk about something else? because things are so strong? >> the reality is everybody will have their pom-poms out because president trump has a 44%
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approval rating which is not good, with this economy. so that's the challenge. connell: interesting point. you could argue it should be higher. we talked about this before. >> well, any other president, presidential contender and incumbent would be, democrat or republican, would be running away. reagan won 49 states when he had a similarly strong economy. president trump is talking about squeaking by. people aren't translating that into giving him credit for that. that's why you hear people saying whip out the cheerleading poms. connell: are they not feeling it for real? >> there are definitely some pockets -- connell: are there other issues the president has politically where he can be attacked? in other words, how do you argue against this economy? or is it just a personality or whatever, you know -- >> all of the above. connell: is it the economy, what is it? >> a lot of people don't have stock portfolios. if you do you are probably feeling good. if your health care costs are rising, kitchen table issues are impacting you. there are a host of other issues
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people are judging this president on. with this strong economy, it's just remarkable that his approval rating is that low. connell: let's keep that going a little. i want to get eric in. >> roughly around the same numbers in terms of approval rating, look at the electoral lens. even laura has trouble explaining what the messaging will be from the democrats to say wait a second, the economy is booming, it's certainly great, but we still want to try to impeach this president. i think the messaging from the democrats is really very vague right now. i think you have seen that in the presidential debates and you certainly saw it with joe biden the other day. connell: the one thing laura did say that we talked about this a lot, it's a valid point, another president with this economy would have higher numbers. i think that is fair and you know, you could argue why that's not the case but what would you say? >> everybody is a mixed bag but in terms of just economics alone, it does impact the average person. we're at record low unemployment rates. connell: that's the main point, rather than the stock market. >> that translates into dollar wages for the average american
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going up, and so yeah, people are happy, people can go buy what they want at the store. american corporations are innovating like never before. we are not seeing this economic malaise that we saw ten years ago. connell: let's talk a little more, you brought up impeachment and all that's out there with the president, and certainly, the economic wind as we have been talking about, whether it's the stock market or jobs would appear to be at his back but he is out slamming the democrats this week saying impeachment may be holding him back a bit in terms of his ability to work with leaders abroad. he said as much on twitter. blake burman at the white house with the latest on all that. reporter: president trump speaks with, engages with world leaders all the time. for example, we saw the latest even yesterday, when he's down at mar-a-lago vacationing for the christmas-new year's break, the white house says the president spoke with the egyptian leader over the phone yesterday. that conversation came at the very same time or at least on the same day as the president made the claim on twitter that impeachment is harming his dealings with world leaders.
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this was the tweet at one point from president trump yesterday. he said quote, despite all 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 bogus impeachment scam. bad for usa, the president writes. while that might be true, we should also note that the president has been very vocal and very public in confronting some world leaders. for example, just a few years ago at the nato -- few weeks ago, rather, at the nato meetings in london, he called the canadian prime minister justin trudeau quote two-faced after trudeau could be seen the day before laughing with macron and boris johnson about the mini press conferences that broke out when trudeau and macron met with the president in london and just yesterday, after the president had blamed impeachment for difficulty in dealing with foreign leaders, he threw out another twitter jab at trudeau. responding to the reports that
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his role in "home alone 2" had been cut in a canadian broadcast, the president tweeted the following. he said quote, i guess justin t doesn't much like my making him pay up on nato or trade. that was the response from the president. we should note the cdc has said the scene involving president trump, then a private citizen, was cut in 2014. as far as his face-to-face interactions, it will probably be more restricted next year or at least confined to the white house. maybe the president will head to davos next month but then we go to a campaign year, normally foreign travel isn't as heavy in a year in which there's an election, of course, versus a year that there is not. when you look just more widely at the broader agenda next month, everything is sort of laid out for this administration. trade one phase deal, expecting that possibly next month. usmca should be signed in the senate, then even broadening out
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after that. they kind of have the decks cleared here at the white house. spending bill through september, not having to deal with the debt ceiling next year at all. but in an election year, you got to wonder what exactly to get done. connell: i don't know. sounds very simple if it's all scheduled like that, there shouldn't be bumps in the road. everything should go smoothly. thank you. we'll see what happens. blake, thank you. blake burman on the white house north lawn where things are quiet this week. about the only week it is. the president has been talking about impeachment push, as blake says, as blake also reports i guess there are two sides to this. whether it's good for the country, good for the president, bad for the president, it hurts america with other world leaders. maybe his own words, hurt his relationship with world -- i mean, i don't know. the idea that impeachment is an impediment for the president to do his job, what do you make of that argument? >> i think he's a little frustrated. i think the reality is he has a great record of success as president. just look at the substance of
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his policies and everything else that he's been putting forth. you got an economy, unemployment rate, i think he's frustrated that this is undercutting his agenda and really his policy prescriptions that he's put forth. i think you see that as he lashes out on justin trudeau. i think that two-faced comment probably had a different connotation to it than he intended. but my point is i think you are looking at a president that is frustrated by the way that democrats and even some in the media have perceived the administration, his many successes. connell: what about from the democratic side? there is some risk if the needle doesn't move on impeachment from the public's point of view, that this move politically could backfire on democrats, especially in swing states. if you look at the data in key states that will decide the election, the numbers are not great from a democratic point of view on impeachment. there have to be democrats worried about how this is being perceived, right? >> sure, but they are putting principle over politics. this was never about winning at the polls. it's not a winning issue. but i will say this. the polls are shifting.
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the obstruction, mitch mcconnell is not allowing witnesses to testify in the senate and kind of rigging it, that's a problem. the american people are noticing that. 55%, the highest watermark ever and more importantly -- connell: that was one poll that's always kind of been in favor. it's always been a poll, the one you referenced the day or the day before, it's always been leaning in that direction. >> fair enough. the watermark is moving but it's also the number of people moving to don't impeach him to hey, i'll think about it. in fact, i can't believe the numbers are this good because this wasn't a political move. i think we get through impeachment, democrats stand on principle, and they get back to bread and butter issues which as we talked about earlier, half the people aren't dealing with. connell: there are politics all over it and both sides are kind of feeling it, i think. who is quote unquote, winning right now? >> i think it's actually backfiring against the democrats, against pelosi. most americans don't care. sorry. connell: what about this idea the president brings up himself,
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it's kind of tough to do my job? >> i'm sure it's interfering with individual conversations he has with world leaders. but in terms of the average american, if you look at election betting odds, his probability has gone up since this whole impeachment thing. of re-election sirngs thnce thi thing has happened because americans are like this is obviously political, they have it out to get him and they don't care. so i think it's actually maybe even helping him. connell: to me, that's a state issue again, because if you think about where impeachment is popular, places where the president is unpopular, you will get huge numbers in favor of impeachment, right? >> but it's moving in the national polls. some of them, it remains to be seen. let's talk about this other issue. connell: michigan, wisconsin, states like that. >> totally fair. those numbers need to be watched but bigger picture, we are talking about world leaders laughing at president trump. now, i don't think that certain people that may disagree with my politics, they don't mind the tough talk from trump but him
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getting laughed at by even people he considers his allies, like great britain's leader, that's a problem for him. america does not like to be -- connell: i don't know if that is in the states i'm talking about. that would be my question. >> this is a national trend. connell: quick final point. >> the numbers are moving. look at the electoral lens. he is polling very well against all his democratic counterparts. it's not just the impeachment. people are watching the democratic debates and looking at it and laughing. that's the laughing matter. connell: to push back a little on that, he's not polling great head-to-head against many of the democrat candidates. in the states, your point is he's doing better in those states. >> we don't need to win california and new york. connell: that's what will decide it, i think, you got to win two out of three states, pennsylvania, michigan, wisconsin. anyway, we have a whole year to talk about that. in a moment, tesla racing into another major market. how it's expanding into china. new developments on that front,
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we will talk about. don't miss our interview with huawei's chief security officer on "after the bell" at 4:00 p.m. eastern. stay tuned for that. more after this. (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪ the epson ecotank. just fill and chill. available at...
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here, it all starts withello! hi!... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. some people say that's ridiculous.
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i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. connell: all right. more politics. senator bernie sanders, does he actually have a clearing path to the democratic nomination? more talk about that this week with insiders reportedly suggesting senator elizabeth warren has been sliding in some of the key states and senator sanders has been rising, and maybe that, his health rebound and all kinds of things might be improving his chances in 2020 after a lot of people wrote him off. so we talk about it with the panel.
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you can start us off on this. you look at bernie sanders, we all talked about him, covered him and looked at it last time around as a key candidate or a legit candidate to be the nominee of the democratic party this time around? could he do it? >> well, you know, now that warren has come up with so many specifics of her plan, i think it's just too socialist for most americans to swallow. connell: so warren is sliding. >> sanders, on the other hand, is talking in vagaries and saying we don't know, we are going to do this, we are going to do that. i still think he's also too socialist for the average american to get behind. but if you compare him to all the other candidates, it's like the worst possible set of choices. so he's one of the few people remaining. connell: the one thing about bernie sanders we did learn from 2016 is that he has the staying power to hang around. people write him off all the time, saying he's going to drop out. he's not going to drop out. heart attack this year,
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apparently hil apparently his health has improved, even at his age, he has a lot of energy but he doesn't go away. he hangs around and hangs around. now people in this politico piece are talking about him like he could take the nomination. >> he has a really strong base of support which is important in a primary. i know i have a couple swing voters here but i will say there's a wealth of options to choose from, virtually every democratic front-runner, wins going head-to-head with trump, whether you are talking about elizabeth warren or joe biden or bernie sanders. so it is a strong group of candidates. all of them have their base. so we are going to continue to see this movement in the polls over time, but bernie sanders' support is fixed and it is strong. his supporters love him. connell: elizabeth warren seems to be fading. we even saw that in the stock market i think a little bit. people coming in, our guests, telling us markets, it would be maybe up anyway but the market liked the idea that she was fading. there was some worry maybe a month ago she could be the nominee, worry about her policies. there by the way would be a similar worry about bernie
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sanders' policies but so far wall street hasn't taken a president sanders seriously. >> i think he has a real shot. the difference between him and elizabeth warren is she is not authentic. she's come out and talked about whether it's college tuition and what she's getting paid and of course, heritage, all that kind of stuff. she's found herself to be in more gaffes kind of like joe biden has. i think if you are looking at one socialist versus the other, he's got a real populist message out there and if you have ever been to one of his events, he gets them out there. do not underestimate bernie sanders at the very least. connell: you support the president. >> yeah. connell: sounds like you are rooting for berniened sa e sand. >> absolutely. >> you are scared of warren. i feel the fear. >> no, i think there's a difference. i think bernie sanders brings a lot more to the table. i think there's also a little bit of buyer's remorse of not electing him in 2016. when hillary clinton went on and lost to donald trump. connell: the one thing it brings up again, people see him hanging around, they see mike bloomberg with all this money he's spending, and i know this is
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more of i think a fantasy of pundits and reporters, maybe we actually get the brokered convention this time around. >> it's possible. it all depends on who holds on. i think bernie, we saw him not wanting to trop odrop out in 20 we may see this again. it depends who comes forward. i fundamentally disagree. elizabeth warren has proved to be resilient in this field, sufrdz so suffered some setbacks and came back swinging. connell: you don't think she's done? >> absolutely not. she's extraordinary on the stump. her life story, coming from nothing in oklahoma and making it big, her understanding of wall street. she's even got the former president barack obama stumping for her behind the scenes. this is not the mark of a fading candidate. connell: allegedly, right? >> they all have a strong following of people who don't understand basic economics. that's the problem. >> i think she's pretty good. >> -- showing her plummeting and probability of winning now that people see what she's about. she's against corporations,
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she's against the stock market, she's against wall street. >> she's against people that are billionaires that she wants to tax. she's not even really against them. she would just like them to pay a little more. her message when you look at a fox news poll resonates with the american people. give her a little more lead time. she's going to be the focus is going to be less on the president, more on the field of democrats for better or worse and we are going to see her shine. connell: we got to run. whether she's against them or not, they are against her. that's also a big part of the story, from our perspective. >> not in big voting blocs. connell: right. but well, that's interesting. we'll see. you're right, many of them are in the states that are probably going one way or the other. but in primary states, they have a lot of money to spend. that's for sure. anyway, a break. then i do want to make a quick point about this lawsuit bheewe mentioned last hour, about the security hacks, ring cameras. the lawsuit claims ring and amazon fail to take responsibility for the breaches. we reached out to amazon and ring and a spokesperson did get
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back to us. all they said was they do not comment on legal matters. we did want to pass that along after doing the story last hour. we'll be right back. what i love most about being a scientist at 3m is that 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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and as we kick off the new year, we'd like you to be a part of ours. because our chevy employee discount is still available to everyone. the chevy price you pay is what we pay. not a cent more. so happy new year, and welcome to the family. the chevy family! the chevy employee discount for everyone ends soon. the doctor's office might mejust for a shot.o but why go back there when you can stay home with neulasta® onpro? strong chemo can put you at risk of serious infection. in a key study neulasta® reduced the risk of infection from 17% to 1% a 94% decrease. neulasta® onpro is designed to deliver neulasta® the day after chemo and is used by most patients today. neulasta® is for certain cancer patients receiving strong chemotherapy. do not take neulasta® if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary leak syndrome have occurred.
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report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. if you'd rather be home ask your doctor about neulasta® onpro. pay no more than $5 per dose with copay card. connell: so we have health officials warning of measles outbreak as air travelers are passing through five u.s. cities that have been exposed. let's find out more about that from matt finn who joins us with the latest. matt? reporter: the people who have to be most concerned are those that were here at chicago o'hare or any of the five airports nationwide as the person with measles passed through that airport because medical experts tell us the disease lingers in the air for about two hours. the people we talked to here at o'hare so far say they are vaccinated and most people don't seem too worried.
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>> i don't remember ever having them but i'm vaccinated. >> no. i -- no. i have never had the measles. reporter: vaccinated? >> actually, yes, i am. >> it's a very unfortunate thing. i am hoping that everybody did encounter that is okay. reporter: five airports that had a person with measles pass through include chicago o'hare, around december 12th and 17th, richmond international around december 17th, austin international around december 17th, denver international around december 11th and lax, december 11th. medical experts warn that if you were in these airports around these dates, you might have been exposed. the symptoms could take days or weeks to appear and are typically flu-like until that rash appears. people who feel they might have contacted the disease are encouraged to see their doctor one-on-one versus waiting in a clinic or waiting room, because the disease is so contagious, the cdc reports 2019 has seen the highest number of measles
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cases in 25 years, 1,276 cases this year. medical experts warn the best way to not get the disease is to get that vaccination but we do know, we have been talking to people who say they do not get the vaccination and are not giving their kids the vaccine as well. medical experts say that creates an area where the disease can surface. connell: matt finn with the information for us live from o'hare in chicago today. in a moment, why uber could soon be forced to go electric in the city of los angeles. i'm your mother in law.
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connell: the rally marches on in the stock market. little pullback of the nasdaq but if you look for the week, stocks all across the board are on pace to cap off this week of record highs. gerri knows all about that. gerri willis joins us with a look at the leaders. gerri: hey, connell, that's right. let's take a look at the dow. nike leading the dow higher. lots of headlines on that company this week, on kaepernick's shoes. the company selling out almost immediately on colin kaepernick's shoes. you will remember him take a knee. meanwhile, boeing helping as it
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has all week to propel the dow. dennis muilenburg is out. we have a new ceo in, david calhoun, impressing investors by immediately reaching out to the faa to assure them he was going to try to work with them to get this plane, 737 max jet, into the air. just to show you how broad this rally is, the s&p 500 leaders, just a real range of stocks here. amcor, international flavors and fragrances, century link, networking services, amcor packaging, so across the board, lots of interesting stories there. one you have to hear about is michael's. the arts and crafts retailer up last i looked, oh, my goodness gracious, up even more now, up 19.5%. they have a new ceo, they have hired a top walmart executive to come in and run the joint. you are seeing a picture of him
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here. he's a rising star at walmart, led e-commerce as a chief merchandising officer. as you know, that unit at walmart did very, very well. he's succeeding a fellow named mark cosby who was there for just two months, interesting. the cfo of michael's also leaving. walmart has not announced any kind of replacement for this new ceo at michael's but i got to tell you, it's doing great things for the stock. back to you. connell: gerri willis, thank you. let's go back to tech for a moment. it's been the story of the week, the records day after day. it's pulling back today so maybe the streak will finally end but still holding above 9,000. tech stocks in general poised to close out their best year in a decade. apple, the best of examples, gaining almost 85%, 84%. there it is. 83%. okay. apple at $288.57. hit another new high today of
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$293.97 before pulling back. so what's next? the tech analyst joins us and you look at apple, just as an example, it's one of many, but what's the repeat performance, what's the encore for apple and these other tech stocks in 2020, do you think? >> they certainly have high expectations headed into 2020 after this fantastic performance in 2019. for apple specifically, they are going to try to look to increase their run and their market share in the peripherals, the gadgets that go along with their mobile devices and the airpods to apple watches, it's all about the devices for them. obviously, increasing icloud storage and their work with developers to continue to grow so there's a few different revenue channels but certainly expectations are quite high. connell: 5g has been out there forever, that this could finally be the year where we see that start to become a reality,
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whether it's late this year or next year. what about the concerns for not only apple but other tech companies in terms of regulatory risk, antitrust and the rest? is that something that we also should finally be concerned about? >> listen, next year i think is going to be another year of, you know, question marks as we prepare for a big election, right, and there will be increased scrutiny. you will see more hearings, you will see facebook and apple and others being called into d.c. to talk about their plans and their policies. but we i think more
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you think about it, i can see it with buses or taxis but the private cars, is this a future these companies should be concerned about? they're not doith yet but they are at least talking about it. and how they are looking to do it, a big part of that strategy is electric vehicles. yes, they are committed to their own fleets and their own buses being electric, but they are saying it is in our control to mandate the car sharing services to go electric and it is something they are looking at. they haven't even hired any consultants to do the feasibility on it. it's probably, you know, got
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them a lot of press so good for them on that. but we will see what's in the year ahead. connell: also private contractors, which is another issue, they would probably have to bear the cost of it. we can talk more about that. but i want to get a quick comment on tesla from you, expanding in china. they did get that factory built in shanghai. the first delivery out of that factory is actually coming on monday. i believe tesla employees, then they build, of course, from there. there's a big bet on china from tesla. what's your outlook there? >> they are looking to produce 250,000 vehicles a year out of this factory which by the way, they got constructed, from construction to delivery of cars, in less than a year. amazing. what they are doing is they are placing a big bet in a market that is, you know, very advanced in their desire and their demand for electric vehicles, and you
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>> it's really cool. you can do flips and stuff. >> you guys need to be careful. reporter: for megan salter's fifth grade class in west virginia, drones were a regular part of the curriculum. >> here's the challenge. little billy is in desperate need of a kidney transplant. they just found a living donor, no ambulances can transport the organ. reporter: but for this class, there is no textbook. salter has created all the lessons, weaving in science, technology and math. she's also written grants to buy equipment, all to inspire these students and open their minds to different possibilities. >> when i was growing up, it was basical basically expectations for me to be a teacher, a nurse or secretary. >> i feel like when girls think about robotics they're like no, that's not something i would like to do but i mean, honestly, that's what i thought. reporter: her mom hopes this encourages her to dream. >> it's a big world out there. i want her to know that it's
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okay to leave and pursue something that is a little foreign to kids in west virginia. reporter: they are learning about aviation and unmanned flight. but they are also learning teamwork, problem solving, patience. and if things don't always go as planned. >> we will try it again. reporter: salter's class isn't the only one benefiting. >> the program itself has a really strong effect on the whole school. there will be something going on, all the kids are looking in the windows and are amazed with it. >> it's helped me with math and stuff. sometimes in school we have to do measurements and i already know part of them because when we do the drones i have to do some of it. reporter: salter says she sometimes tell the kids she's tricking them into learning. one of the main things she wants them to carry beyond these classroom walls is that they are capable of doing anything. >> i really want to just expose them and let them know there are things out there that they can
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do. reporter: molly line, fox news. connell: i'm sure they will carry it beyond the classroom walls. that's a great story. meanwhile, small businesses have been scrambling with wage hikes. the new gig economy rules in california are about to go into effect next week. this could be a big deal for a lot of small business owners. charles payne joins us. we have been talking, some of them, i said rl iearlier, it's of those things -- i'm sure, well, i'm not sure, but whoever started off with this had the best of intentions trying to help somebody who is being abused by an employer, whatever the case may be, but you end up hurting not only employers but employees in many cases. no? charles: you really do, connell. it's one of these things where we've got this blossoming so-called gig economy and it's a large portion of americans either do it part-time or full-time, it's what they call a side hustle, and all of a sudden government gets involved. connell: right. you want a job, you can have it
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and many of these jobs, you can go out, it's not just driving and everybody always gives that example, driving an uber, which is fine, but there are smeen oth so many other exams of people working full-time but are not full-time workers, not classified that way. charles: many millions of americans actually choose that also, the thing called work/life balance is a big positive thing for a lot of people. they choose to do this and now with this intervention, here's an interesting thing with this new law in california. i saw a negative article in "mother jones" about it, at the same day i saw a negative article in breitbart about it. connell: that should tell them we should rethink this. charles: how often does that happen? connell: what was the left, what was the argument against, do you remember? charles: it hurt freelance workers, particularly journalists, a lot of struggling newspapers now have an excuse to fire people. connell: that's true. right.
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then small business owners have fewer options with who they can hire. we will see you at the top of the hour. charles: sounds good. connell: charles all over every show today. the peloton husband, you remember him, sean hunter, was on with us last hour, bought his own girlfriend the peloton for christmas. he defended that decision. he still has the girlfriend. we will have reaction from our panel on that and a few other stories when we come back. don't go away. listening and observing are critical skills for scientists at 3m.
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one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around them. that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people. what are you doing back there, junior? since we're obviously lost, even those who don't have a voice. i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass. oh boy...
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some people say that's ridiculous. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. connell: what's your response before i let you go to people who do say, whether on instagram or somewhere else, it is sexist, this kind of thing? what's your response to them? >> find that so intriguing and so interesting, and i want to hear more, because i just -- because i don't see that point of view.
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i don't see it being sexist at all. the whole advertisement when you watch it, there's no hints that it is sexist. it was not in the script at all. so i wonder why people view it that way. for me, it is curiosity. i just want to know, and if there is a good point where maybe it could be deemed as sexist, i would like to hear that point of view. that's what i want to know. connell: that was sean hunter last hour, the actor who played the peloton husband. he joined us explaining why he actually bought his real life girlfriend one of the bikes and he doesn't, as you heard, see the whole thing as sexist, as some have said. that's why it became a controversy to begin with. edward, laura, our panel back with us. you want to take this first on the idea, the allegation, the whole controversy and the idea this guy bought for his own girlfriend. >> full disclosure, the man was paid in pelotons, gave one to his girlfriend, to his mother, to his 94-year-old grandmother. connell: that's funny because that's what i thought. i was like if i came home with a neil cavuto mug and gave it to
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my wife, she would be come on. no, no, he claims he swears that he paid full price for the peloton. >> residuals of peloton. connell: paid for it with the money, with the -- from the commercial. he claims it wasn't like he got a freebie here. >> fair enough. fair enough. i do think, look, as the only woman on this panel, i have experienced some sexism in my day. it's a problem with the tone. the tone was, what is the next ad going to be? is she going to be chained to the peloton, hostage peloton? connell: you did have an issue with it? >> i wouldn't say, just a tone-deaf ad, like a 1950s retro but that said, it was a great p.r. move or ended up being. it was covered so nicely. we are still on tv talking about peloton. the stock, i don't know. if you seen the stock has not recovered in the same way but in terms of turning bad p.r. into good, bonus and props to peloton. connell: down 24% this month. impressions of this whole deal? >> i mean, clearly everybody wants to have a peloton for christmas.
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we just need to have the next version of the commercial showing that. i don't know why they are beating up on this company for advertising their own product. this is actually useful for people. connell: i'm sure -- i don't have a peloton personally, i'm sure it's a good product. by all accounts, it is. it's expensive though, which is maybe more of the issue than whether the ad was sexist. >> do they say this about the car commercial, where there's a big bow on the car and you are going to get this for christmas at $50,000? this is only $2,000. connell: not a bad point. you buy a peloton for anybody this christmas? >> no, but my wife is a pretty big spin instructor. i'm kind of already a spin husband, not a peloton husband. but i would like to get a neil cavuto mug if you have one. i would appreciate that a lot more. i do agree, i think the ad was a little tone-deaf. i think they tried to adjust to it. i'm not sure how good a p.r. it is. their sales are down. was it even worth doing in that
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regard? connell: i don't know. >> we will see what happens with it. connell: want to talk about the movies for a few minutes. we will see what happens with it. i really don't know if it's good p.r. or not, one of those situations where any publicity is good publicity. anyway, at the movies this year, we close out 2019 and some people are starting to get worried about the box office numbers you see on the screen overall, down almost 4%. estimated to fall. about 4% when all the numbers come in. one of the things i noticed, laura, about all this is that it was a big year for certain movies, right, and when they look at like the top ten movies, they killed it. but if you weren't making a top ten movie, then you were out of luck. tells me that, you know, we have to really be convinced nowadays to go out and see something. we are not just going to see any old movie. >> that's true. these are all franchise films. how many versions of one movie can we see? a lot. that's where the bankable money is. we will continue to see that shift. it's a little disappointing. they are trying to make the theater experience more interesting but the diversity we
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see on the streaming services is great in one way because we are hearing a lot of voices and seeing a lot of films that wouldn't otherwise be made. the downside is we are not getting out to the theater. connell: no. i get it, to your point, you put a recliner in the theater, that's great, it's comfortable and the whole thing, but it's got to be a movie with a lot of buzz, you have to want to see it. you have to be motivated. >> that's right. movies are more expensive and less creative these days. you got the big blockbuster films and top ten films and how many times can you kill thor, you know? so -- connell: well -- >> he keeps coming back. the reality is the movies have become less unique. i'm 30 minutes away from hollywood and i wish they would get a little more creative like they used to be. connell: ed is going to say this is not true. he just went to see "cats." he was one of the few who liked it. >> yeah, "batman versus superman" number 32 and "cats" are my favorite. i'm surprised there aren't as much sales as people predicted.
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>> we are all going out later to see "bombshell." connell: i don't know about that. again, the top ten thing was what stood out to me about all this. if you want to talk about a movie that has been in the news the last couple days, how about the "home alone 2" thing? does anybody have a thought on that? for those who don't know, "home alone 2" was made years ago and president trump, when he was a private citizen, had a small role in it, cameo, and then it became a big issue earlier in the week because oh, they aired it up in canada and that particular scene was edited out. now, apparently it was edited out years ago, before he became president, which maybe was not known when the story got in the news, but president trump, i think got a little -- i think he was having a little bit of fun with it, he talked about it on twitter. let's listen to the president also speaking about it. we will come back and talk about it. here he is -- oh, we will listen. sorry. we will listen to the scene. here it is. >> up the hall and to the left. >> thanks.
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connell: so i say there's the tweet i was referring to, the movie will never be the same. kidding. how could you cut that scene out at the same time? >> by the way, it was oscar-worthy scene. easily the best scene in the entire movie. i agree with the president, they should have put it back in there. who else is going to tell kevin where to find the lobby? connell: one of the things, though, we did get all worked up about this, both sides politically. again, i think he was just joking, i don't think he really cares. maybe. i don't know. >> i don't know. cbc, he called justin trudeau two-faced, got to watch your back. both of them are very pretty faces. we should note that. connell: one of the things, this may not be a serious comment either but looking at president trump in general, he would be better off being light-hearted with some of this stuff sometimes, whether it's criticism. >> we need to have more presidents in "home alone 2." that's the solution. connell: i don't remember, i got to be honest, i remember "home alone." i don't remember the sequel. was it terrible? it probably was. no offense to president trump. anybody remember "home alone 2"?
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>> it was a blockbuster because it was a franchise film. it was one of the highest grossing films -- connell: money-wise? >> yeah. it was a huge winner. nobody seems to miss the president in the scene. he had to tweet about it to get us to even remember. connell: yeah. the first movie was funny. anyway, thank you, guys. have a great new year. eric told us he's the only one on the panel that by choice went to times square one year for new year's eve. you going back? you should go back. >> absolutely loved it. connell: liar. >> worst experience ever. it was the worst thing you ever did. connell: quick note. a spotify spokesperson saying that beginning in early 2020, spotify will pause the selling of political advertising. how about that. that's just in. talked a lot about facebook. now spotify. we'll be right back. you don't use this old thing, do you? no! or how 'bout this dinosaur right here? nope! then why are you still using a laser printer?
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the hour set to surge even further maybe a report predicting total e-commerce revenue could hit 3.5 trillion plus next year, sounds like a lot. so 4:00 p.m. eastern after the bell, we have huawei chief security officer andy purdy, among others so it's charles payne right now. charles: we're talking real money. thanks, connell. good afternoon, everyone i'm charles payne this is "making money" and the nasdac continues to ride that all-time wave topping 9,000 and some question of course when do we get to 10,000. some think we've come too far and too fast and remind us of the last time there was this much for you, we'll debate that, plus retailers have always had to deal with changing fashions, ups and downs of economies, most recently the amazon age, but now , they have to deal with consumer demands for more stable products and echo-friendly practices and how can you the investor benefit from this trend and i'm going to break down the biggest winners of the year who came out on top of 2019, going to give you a little hint, you could actuallye
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