kristina: thank you, todd horowitz, appreciate it that confetti the dow hitting its 22nd record of 2019 but the nasdac is its tenth season record streak that will do it for the "claman countdown", we are picking it up after the bell connell: that's me, yes, history made again on wall street, second straight day, with the dow at least, hitting a new all-time high, so from that perspective the rally rolls on, the dow closing higher by some 24 points on the day, as it settles in with another record close, for the year, and that's the 22nd record close for the dow jones industrial average pretty good. i'm connell mcshane. >> pretty remarkable in in for melissa francis this is after the bell. the s&p 500 fighting to end at that closing high, don't think it was able to make it, but the nasdac slightly in the red, or up just slightly but the nasdac

holding 9,000 very important for the week all major averages in the green the dow up for the third week in a row. connell: we will take it a lot coming up this hour i'm speaking with huawei's chief security officer about the company's negotiations with european leaders, trying to avoid being blacklisted over there the way it is here so that's coming up. >> we're going to get market reaction from steve forbes in a moment but first let's start with gerri will else on the floor of the new york stock exchange. gerri: we're going over the last second details because we keep flip flopping back over these levels it's fascinating to watch the dow closing at a new record high as you were saying it is the 22nd of the year, what a week we've had the s&p not in record territory today, but the nasdac above 9,000 which is an important level for the nasdac, new territory, new ground. nike has been leading the dow, this is yet another record high for the stock today, and 101.79, you know, those colin kaepernick shoes just flew off the shelves,

they immediately sold out but it's also the fact that nike has been really strong across-the-board in delivering benefits for investors, consumer discretionary by the way was winning sector of the week and i just want to mention disney here it's important, john fabro just tweeting that the mandelorean season 2 coming in fall 2020 but you look at disney it's barely higher not news of more baby yoda putting the stock on fire, so big news for the markets generally and stocks on fire, back to you. >> gerri thanks for that the s&p still shaking out we'll watch it closely. not sure if it made that record. connell: either way its been some week, some year at a year in many ways of abundance average american workers are now seeing their paychecks growing, faster this year, wall street journal story pointing that out this morning with wages for the typical worker, the non- supervisory employees, who do account for 82% of the workforce, rising at the fastest

rate in more than a decade. steve forbes of forbes media chairman is here, and this is obviously pretty good news. give us your reaction. >> it just goes to show when you do right economic policy everyone participates in it and as that story and other surveys have found, connell, people with lower incomes their incomes are rising faster than those with middle or higher incomes so this is across the board prosperity. because of job shortages, people are now getting more and more, being able to get $0.50 or $1 more per hour so christmas should be even better next year, a great way to begin a new year. connell: that on the screen tells the story about the pay for the bottom 25% up 4.5% from a year ago. these numbers as of november and then the top earners are still earning more, steve but they are increased to your point, with less than 3% compared to a year ago. does that trend continue what are the keys to watch heading into 2020? >> well the key thing is

watching new business formations , they often hire people with lower incomes, or just starting out, and so as long as new business formations come along and we avoid a trade war and the other overhangs, that trend should continue. the big danger, potentially, and this is where i think donald trump deserves credit for what he did a year ago when he bashed the fed would be the fed would be starting to drop hints that the economy may be overheating that the wages are going up too fast, we've got to slow the thing down. they believe prosperity causes bad things. no, prosperity causes good things, so when the fed talks about overheating, just remind yourself, if your pay goes up you get up with the sweats you feel you're overheating. you don't. economies are made up of people. but watch out for the fed, i think they will be a little cautious after the beating they took a year ago and not try to stop this prosperity but awfully tempted to weigh in with the economy getting overheated. connell: it does seem like they are so far away from being at that point again, because of what you brought up all of the

pressure, the federal reserve, or was under when they did start to raise rates because most people agree that they started too soon. now on the other side of this what does it say about policy? are you talking about the tight labor market there's competition for workers all of that is known one of the other things people brought up are all of the minimum wage stories and whether that's part of it is this actually an argument in favor of raising the minimum wage or do you not see it that way? >> the best minimum wage raiser s are a prosperous economy otherwise you get what's happening in seattle where they are raising it to over $16 an hour, and restaurants and small businesses are closing down, because they just can't afford those costs. so when market will raise the minimum wage, georgia for example, has a minimum wage at the federal level only 7.25 but they are experiencing what the rest of the country is experiencing rising wages. i know in my home state of new jersey you can't hire anyone for less than 10, 12, $13 an hour. connell: you got to pay 15 here in new york city so it's not because of that is your point

because we're supposed to pay people that. >> it's because you have a tight labor market and if you want labor you have to pay for it. supreme court play and demand. very basic. connell: boy i think they call that capitalism somewhere right? have a happy new year, steve. >> you too, thank you. connell: jackie? >> a quick check on the close the s&p 500 did manage to close in record territory so you can see it trading slightly higher there, at the close, but every little tense accounts. meantime, made in china, made for china, less than a year after building the factory in china, tesla is ready to start delivering model 3, made in the country. shipments to chinese customers are going to start on monday. let's bring in former investment banker carol roth. carol great to have you. tesla's issue really has been execution, and there have been a lot of hurdles but this is a big piece of the story to get going in china. >> yeah, this has been if you think about it, jackie the biggest technology-based soap opera of our lifetime if you think about just a little while ago, we were wondering whether

elon musk was still going to be with the company, whether or not they run out of money and i have to say they have continued to be able to execute. they are also very good at playing the governments and getting the subsidies which is happening in china and a really lucky guy because if you think about the trade war the fact that has been deescalated has opened the door to move forward in china, so a very interesting story and risky story you have a huge key manish use around elon musk, certainly a visionary but one which has upsize in challenges and obviously a very highly-valued stock as well. >> i was going to ask you about that in terms of the timing, for phase i trade deal, the news of that being announced, it seemed like he was facing a lot of regulatory hurdles, and all of a sudden, everything is happening. >> yeah, i certainly don't think he has any sort of pipeline into the economic discussion and policy discussion

i just think that he happens to be a very lucky person who happens to benefit from the timing there, but obviously, that's incredibly key and had things gone in a different direction whether it was from tariffs or a ten used escalation of the trade war in a different way that may have put a damper on it so nice they are able to take advantage but still think the stock is pretty risky. >> a win for elon musk at least for now but tesla is not the only company setting new highs as 2019 comes to a close, apple on pace for its best year since 2009. what does 2020 hold for this particular company? carol, i mean, apple, you know, yes the iphone lines are not around the corner as the way they used to be but the sales are still pretty strong and the company is managing to diversify with its services. >> yeah, you've got status and services and a little bit of accessories in there and i've always said that the value of apple is really in the echosystem and with very unclear for a long time why they weren't pushing the services harder.

obviously you saw the apple card this year was a huge success, and i think that they are going to continue to leverage the echosystem they've been hiring people on the partnership side, and that in and of itself can become incredibly value and recurring revenue stream, that takes the company away from being so dependent on the actual hardware, so it's still not a crazy valued company, obviously you get a lot of exposure to it in a broader market, but from an execution standpoint, tim cook may not be the visionary but he can execute and he's proven that over and over again and i certainly think that there is some optimism around apple going forward into 2020. >> carol great to see you stay with us. connell? connell: does the actor, jackie in the controversial peloton ad, what does he get at his actual girlfriend for christmas? you majority it know this by now he got her a peloton, a bike, so this has become a thing, a story , and i asked him about it his name is sean hunter and he was with us earlier in the day

on fox business on cavuto coast to coast. take a listen. >> what peloton does is when they come up to the door, 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 says " are you serious, you didn't buy me one" and she was so happily surprised it did. it blew her away. 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. connell: so that, carol was the last question, obviously, i think you know, was asked about the controversy this whole thing is you're sexist if you buy this bike for your wife or girlfriend in this case he bought it for his real girlfriend apparently she loved it your thoughts? >> this is so amazing this guy is glutton for punishment and he learned nothing from the outrage and if i go back to the commercial it seemed like a cry for help and the wife was in a hostage situation, so his real

life wife won't feel that way, but he certainly is milking it for all of the pr calling himself the peloton husband, and so to me this is all part of capitalism so power to you if you like the peloton bike go have a ride but sometimes guys need to take a clue and when everybody is outraged about something, you maybe don't go in that direction. there are the things that women like too. connell: yeah that line you'll get no pushback. sometimes you need to have a clue. hard to argue with that. you're right about he's trying to take advantage. he's pretty open about it for better or worse, i mean we were talking with steve earlier. oh, that's capitalism, well this is too. i guess the market will decide if the company should be punished and/or rewarded for all of this attention, and the actor s as well, i guess. >> yeah, no i mean i certainly think that if anybody is talking about you it's a good thing and people are raising awareness and if you're devoted watching that commercial is not going to move you away.

that being said, this is the type of a company, that's not my favorite type of company. it seems more of like a product than something that has the opportunity for lots of growth and lots of add-ons, so i don't love the company but it has nothing to do with the commercial. it has more to do with the fact that it's a one product pony so to speak. connell: thank you, carol. good talk on this and other subject always good to see you happy new year and to the point about the company, you see that stock? all of these stocks that have been through the roof, peloton is not one of them. it struggled. >> it's amazing because it's like the story with nine lives everyone keeps talking about it and more people have awareness about what the bike is and that is really a marketing if you ask me. connell: yes from the actors point of view that's when i talked to sean he was upfront about it and he says yup this is basically in so many words my 15 minutes to get out there and get a few anding gigs out of it so whatever. it is what it is. >> it seems to be working we'll keep an eye on them of course you never know what they will do next. forget delays there is a new cause for concern at the airport

this holiday season. it's the measles. connell: oh, boy. plus, huawei going on something of a charm offensive over in europe, with the rising tensions , with the white house, and it is firing back at a report as well, but its secured its position in the world on the back of billions of dollars, in state support, from china. all that and more with andy purd y, andy is the chief security officer, at huawei and he will join us live, next. >> and we are getting ready to usher in a new decade i've got a first look at the new year's eve ball at times square today. it was awesome. we're going to have that for you ♪ ♪

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minds and more importantly, probably the 5g contracts, of countries all around europe. this comes as the company is still facing restrictions in doing business here in the united states, where it's seen by government as being a national security threat. we're joined by andy purdy, huawei's chief security officer, so andy i want to start enough, so much broadly in europe, but let me focus a little bit on the uk and then we can broaden out the discussion a little bit, as to say everybody already knows huawei facing the black list here in the united states. president trump's national security advisor robert o'brien was interviewed by the financial times and he spoke about whether your company would do business in the united kingdom or continue to, and basically, he said if the uk doesn't black bits huawei the same as the united states has huawei could come in and steal state secrets from the british government and the british people. how concerned are you that boris johnson will follow donald trump and blacklist huawei?

>> well the fact is that the united states government for the last 12 months has been working hard and numerous around the world particularly in europe to try to get the european countries, and a number of states in the european union included to bar huawei from participating and the united states government has been very disappointed that europe and the uk are taking an approach that looks at real cybersecurity risk and how can you address that risk with transparency. connell: and you're still doing business in many of these countries to your point and you expect to continue that? what about the uk? is a ban on huawei a possibility or a concern in the uk? >> well we have over 62 contracts around the world mostly in europe for 5g. connell: and you expect all of those to continue or to even go up? >> they are recently signed yes and we expect them to continue and we're working closely with the uk government to address their concerns and we have a close working relationship with them, so we hope that we're going to be able to meet the requirements so that we can help

make the -- connell: what are the main concerns you hear are the shape as the u.s. that you essentially pose a threat to national security that huawei's technology could be used to spy and we know the story, we heard the allegations here in the u.s. , that the government could come in and say that we need access to this data, same concerns from the uk and how do you answer those concerns when they come up in other countries and how do you essentially prove you're not a threat? >> well the concerns are expressed by the united states government through various governments. the uk government had some particular concerns because they have a very strict regimen of analyzing our products for the benefit of all of the telecom operators so we are open to having independent testing of our products, so that that can guarantee there are no back door s and guarantee that our employees are not doing anything improper on behalf of the china or any other government. connell: the issue on the back door as its come up over and over again and many times you're fighting to some extent a hypothetical what could happen rather than what has already happened there is some

exceptions, the vodafone case talked about i suppose in italy but for the most part other actions that employees at huawei have taken over the years, whether it's something to deal with intellectual property theft , have been raised or more recently what i've heard and its come up i believe in the uk, concerns about human rights and i do want to ask you specifically about that, and how does the company answer those concerns. most people in following the news in china know about the situation and there's a new report in a group out of australia that mentions huawei and it's the australian strategic policy institute and they specifically say that your company, huawei, has worked extensively, in china and that work has been directly with the chinese public security boroughs so the question there is has huawei either created or helped

to create any of the surveillance technology that's being used to oppress them? >> there are multiple questions embedded in your question and i hope some day i have a chance to answer them all but starting with the last question you raise about human rights we sell technologies to providers who then supply smart cities and other solutions, so we sell the third parties who may engage 100 or 200. connell: they say there's direct involvement can you explicitly say that huawei is not directly involved with that technology? >> i have never heard an allegation or seen evidence that huawei directly involved in helping governments commute human rights abuses. connell: this group in australia says huawei has worked extensively and that work includes working directly with the chinese government's public security bureau. has that happened? >> i have never heard that allegation before and certainly seen no evidence of that and frankly some of the things the u.s. government has been saying

publicly that are false, really raise some questions about what we're doing in the public space. connell: the other issue you've had issue with this week is this wall street journal report, right? and the journal came out with a story i believe it was out there on christmas day, and it says that huawei's received as much as $75 billion from support in the chain government whether it be tax breaks, financing and cheap resources and what have you. it all added up to they say 75 billion and huawei disputed that you've given us and others a statement disputing that number and i want to focus on part of it the $46 billion that the journal reports comes from loans, credit lines and other support from state banks, direct lending from state banks, where the implication, i suppose, is that you would have a competitive advantage over european companies and/or american companies that don't receive that kind of support is that number accurate, $46 billion loans credit lines and other support?

>> no it's not. connell: what's the real number? >> the real number is about 40 billion less than that. connell: so 6 billion. there's about 4 billion that are lines of credit that have been provided to our customers over a period of about 10 years and of the actual lines of credit as i said only about 4 billion has been utilized when you're talking about revenues of hundreds of billions of dollars. connell: has been utilized but the number so where does the 46 come from? >> well they're claiming and of course they were using information provided by the u.s. government that was absolutely false and significantly inflated, and the fact is, i think the u.s. government should tell the truth when they are filing the papers with the fisa court and making public comments or providing information to the wall street journal. the fact is they know and should know that credit lines available are different than credit lines being utilized and there is a big difference. connell: so the money, so if i'm understanding it right, the money was available to be used the credit line could have been drawn down but it was not you'll

itized? >> that's right so there's no unfair favortism provided by china-backed clients . connell: so the context, the journal stands by its reporting, be clear on that but the context of this is that essentially you would have a competitive advantage as i said earlier, and that's one of the reasons that your products would be priced cheaper that you'd be able to come in with cheaper products than erikson or some other companies you compete with? >> well the cisco figure corresponding to our 75 billion was 45 billion for cisco so if the credit lines are not utiliz ed then we're not getting unfair advantage, because of the finance. connell: all right, andy it's nice to have you on and the first time you've been on our show and huawei executives have been on and we'll continue to have these conversations into 2020 but you're confident the business in the uk is going to work out it sounds like? >> i'm not making predictions. we are working in earnest with the uk government and they are very serious to make sure that the risks can be addressed and that as the uk parliamentary committee said the

uk networks are safer with huawei being one of the providers. connell: thank you, andy purdy. health officials warning holiday travelers of possible exposure to the measles, what you need to be aware of if you're flying this weekend, plus if you're looking to buy a new tv you're in luck. we'll tell you when it's the best day to buy electronics and no, it's actually not black friday. than just talk. we offer commission-free online u.s. stock and etf trades. and, when you open a new fidelity brokerage account, your cash is automatically invested at a great rate -- that's 21 times more than schwab's. plus, fidelity's leading price improvement on trades saved investors hundreds of millions of dollars last year. that's why fidelity continues to lead the industry in value while our competition continues to talk. ♪ talk fidelity.

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>> something you don't want to bring home with you, health officials are warning travelers in five u.s. cities because they may have recently been exposed to measles at the airport. fox news' matt fin is at o'hare international airport in chicago with the details. >> 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 a person with measles was in the airport. medical experts tell us the disease lingers in the air for about two hours. so far, the majority of people we talk to here today at o'hare

say they already have been vaccinated and are not too alarmed. >> i don't remember having them but i'm vaccinated. no, no, i've never had the measles. are you vaccinated? >> yes, i am. that's a very unfortunate thing. we are not here for that but i'm hoping everybody that did encounter that is okay. >> reporter: here is the important information, the five airports that had a person with measles pass through include chicago o'hare around december 12 and december 17, richmond international around december 17, austin international around december 17 , denver international around december 11 , and lax around december 11. medical experts warned that if you were in these airports around those dates you might have been exposed. the symptoms could take days to surface and are typically flu- like, until that rash o peer s. people who feel they might have contracted the disease are encouraged to see their doctor one on one versus sitting in a waiting room or clinic. >> if one person walks into a room of 10 people, who are all

unvaccinated about nine of them will develop infection. so it's very contagious. >> reporter: medical experts warn the best protection against the disease is getting vaccinated although we have been talking to people and there are parents who say they are not vaccinating their children which doctors warn creates pockets where this disease surfaces. matt fin, thank you. connell: as we continue, search and rescue a helicopter filled with tourists gone missing over hawaii, there are new details on the coast guard's efforts to find it we'll have that next. plus china teaming up with iran and russia what it means for u.s. national security we've got details from the pentagon. connell: you talk about this, i wanted to promote your segment ringing in the new year in style jackie had a look earlier at the crystals in times square, with the new years ball and she, jackie, she will have that story for us later this hour, this is pretty cool. >> yeah, it was fun. >> ♪ ♪ ♪music

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the coast guard resuming a search for a missing helicopter in hawaii that never made it back to the base on the island of kauai after 12 hours, officials are saying the weather conditions are challenging but

looking for signs of a helicopter or passengers on board and as of now coast guard officials have not seen any sign of the helicopter. connell: today families of more than 140 american service members and contractors killed in afghanistan claims that international contractors routinely paid off insurgents for protection even hiring taliban guards directly for security. now, the suit goes on to allege the taliban turned around and used the money to finance " heinous acts of terrorism" and attacks on u.s. troops. dai, which is a subsidiary of canadian company wsp global were among the names listed in this particular lawsuit. and between iran, china and russia the three countries are holding a four-day joint naval drill in the indian ocean. lucas tomlinson is at the pentagon with the latest. >> reporter: it's the first time iran, china and russia have come together for joint military exercises especially with the

navy. and now early this month the u.s. navy's top admiral called china the biggest threat of the three. >> the ranges of the missiles continue to grow, and they run a very steep trajectory in terms of capabilities and numbers. >> reporter: the joint military exercises are kicking off in the iran port city in the gulf of o man, and over the summer and the attacks on commercial oil tankers and iran forces shot down that $100 million american drone. u.s. officials say iran, russian s and chinese don't trust each other very much and will also not be alone, and the u.s. navy aircraft carrier harry true man just arrived on station with dozens of striker aircraft which carries hundreds of tomahawk cruise missiles and in a statement the pentagon don't appear concerned about the exercise, we are aware of the multilateral exercising conduct ed between iran, china

and russia in the arabian sea, we will continue to work with partners and allies and the free flow of commerce in the international waterways. u.s. allie japan also sent a worship to the region called back in june and oil tanker was attacked by, excuse me, japanese oil tanker was attacked by iran forces. >> here now is rebecca grant national security analyst and founder, great to have you rebecca. this is an unlikely pairing, is this just for show in some ways or is there a deeper message that's trying to be sent here? >> oh, these naval exercises are really bad news. not so much because of the relatively small number of ships that are involved, but what we see here is iran is thrilled to be playing with the big boys, russia and china are showing off their support for iran, and then russia and china have put their closer military ties, on display , that's why these drills are bad news. >> the comment about china and

the range of its missile capabilities is really very sobering if you will, especially after the phase i china deal was announced. there is ways of thinking that relations are getting better between our country and china and there are times when you stand back and see something like this and you have to wonder what stands out to me is that russia and china have done a lot of joint military exercises, and naval drills, in the pacific, but this is really the first time they have reached this far to do in the gulf of oman, and china sent one of its best ships a new guided-missile cruiser, it has missiles that can attack aircraft and also ships that really is showing it off, and that tells you this is sort of a new phase they agreed to closer ties back in september, and here they are they are out doing it and that's just bad news, long term, for u.s. national security interests. >> rebecca do you expect the united states to respond to this

in any way? >> oh, certainly mainly though by watching very very closely. there is plenty of surveillance. all the naval vessels there, russia, china, iran, allies nobody wants to scrape paint as the sailors say but they will be keeping a very close eye on just exactly how good that new chinese ship is, and whether the drills go well or they make a bunch of mistakes, big intelligence gathering opportunity for the u.s. navy. rebecca great to see you thank you so much. >> thank you. connell: cashing in on the fans unwavering support the astonishing amount that concert ticket prices have gone up over the last decade. we'll talk about that, plus get your wallet ready what we're going to reveal coming up might save you a whole lot of money when you're out there shopping today is the best day to be buying electronics. we'll tell you how, where, why, all of the rest, tom brady has to do with electronics. >> everything. [laughter] i'm part of a community of problem solvers.

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some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. connell: there really is the most wonderful time of the year to buy electronics, if you maybe held off on buying a tv for christmas, or whatever the case may be you're in luck, today. today is the best day, i'm told, to make that purchase. i was told that by jeff flock

who is out in chicago scoping out the best deals for us, jeff? >> reporter: yeah, well you know , we can sort of, we can fight all sorts of figures and we'll attribute that to somebody i don't know who it is, mike abt knows more about electronic sales than anybody. this is the awesome mega palace of electronics, this is a superstore, really, 37-acres of electronics, and his family has been in the electronics business since before there were electronics you sold radios your grandmother sold radios back in chicago. that's true in 1936 my grandpa started out a little store with my grandma selling radios. >> reporter: now if this is the best time to buy electronics one of the reasons is sometimes you buy too much of something right? >> yes we all make mistakes and now is the time to get rid of them and we all want to have as little inventory at the end of the year as we can. >> reporter: i'll give you a couple of examples of deals. one we've been joking about this you bought 8,000 ear pods, this

white one there, and you didn't need that many didn't sell that many so you got the cheapest price, cheap is a bad word but the lowest price in the nation right? >> yes, we do and it's a very popular model still. >> reporter: you're not making any money on that but would like to at least get your money back so there you go. here is a couple of other ones at walmart, tvs as we look here, maybe you see tvs that's big, this time of the year as well, walmart is selling 75-inch led tv, it's called the sector, that's the name of the company, was $1,700 now it's $600, and they've also got an rca 65-inch led tv, that was $900 and now $380. sounds like somebody at walmart may have bought a few extra tvs as well. yes, we all make mistakes. >> reporter: i leave you, connell in the new year approaches a lot of people are interested in fitness equipment. again, you may have bought

something that is still around and you need a discount. >> yeah, this one i love. it's a nordictrak, that was like $1,800, now we're selling it for $1,000 and it is a fantastic machine, a fan, a big motor, and everyone is looking to get better and healthier for next year and this can do it. >> reporter: this is value. that's why you buy it. it's value, and you may get stuck with it some time even though it's value. >> yes and then sometimes you find out at a different price it'll celine better and you buy more. >> reporter: there you go. the electronics, they must be doing something right. this place is 37-acres. >> wow. connell: that 75-inch tv caught my eye we got a few in here in the studio that could be replaced a little bit, you know? so jackie will write a check. >> reporter: i don't buy or watch tv, i just, you know, am on them. connell: right thank you, jeff good stuff. the great jeff flock. i'll buy you one of those no

rdictrak's but you'd get mad at me. a bit has changed over the last decade in the nature of the music industry is included in that. the price of concert tickets rising over the last 10 years, but concertgoers and music lover s aren't phased by this, the ticket ferry, ceo and co- founder joins me to discuss it, ratesh, your business is basically centered around trying to catch price at retail prices on concert tickets because people will buy the tickets at face value and try to get so much more money for them. >> yeah, i mean, the industry over the last few years has been the highest on retail sites people pay two to three times the face value of the tickets, and it's not a great experience for the fans, and the best experience is to make sure that the right tickets end up in the

hand of the most passionate fans , they aren't in the hands of scalpers and being resold at multiple times at face value, and that generally, the room is full of the most passionate people possible. it's very common that scalpers will also not sell the ones that they've eventually scooped up in the primary sales or the pre- sales, and so it's very common that 20% of the room is actually empty when officially, the show is sold out. >> so let me ask you this don't the fan clubs for example, usually reserve a certain amount of seats to make sure those passionate fans are getting the tickets that they want for the appropriate prices? sometimes when you're paying more for a concert ticket isn't it because you went on stub hub and the may be the might before or something like that? >> yeah definitely the fan clubs do do a very good job of that but they have a very limit ed allocation of what's allowed to be sold before the official ones sell and then there are the private members list like say for example, with the credit card companies, and there are multiple pre-sales

that happen before. so it's actually quite common that only a reflection of the available inventory goes on sale in the main sale and many will be taken up by scalpers and there isn't actually much left when it officially goes on sale. >> have we seen an increase in the face value of the ticket prices as well that may not be commencer at with what we're see ing in the after market but i'm just wondering over the last decade the face value ticket prices are up too? >> absolutely they've risen significantly. there are many reasons for that. one is that artists have begun to rely on touring as their main source of income because record sales aren't a thing any more, and income comes in streaming but that doesn't really give us the amount of income they need so they rely on shows and tours, to make the majority of their income from that, and so what happens is artist fees goes up, and also, production costs, most fans now expect not just a dark

room with good sound. they want something that's a really great experience as well and that costs money. >> great to see you thank you so much for tax >> thank you. connell: really interesting now we switch gears completely to the new wall street journal op-ed from kim strossel, that puts the spotlight on the upcoming senate impeachment trial and talks about the strategy being employed both by speaker pelosi and by the senate republicans. strossel is calling for the senate republicans to hold the trial immediately and spare the nation from the precedent she sees speaker pelosi setting so the question is what does mitch mcconnell do the senate majority leader does he move in a timely fashion or are his hands tied? i don't know everybody is wondering and who better to ask in these situations. david asman, i've been saying that for years. so i wonder, we all do want to know how this whole, you know, thing will play out. david: what kimberly suggests is that not only is speaker pelosi temporarily dragging her

feet, she says that it'll maybe, maybe they will be able to send the articles of impeachment to the senate january 7. kim says this could go on indefinitely. that is through the election. she's saying that it's not hard to imagine ms. pelosi will just sit on this for the whole time. the reason being this denies the president the right during his election campaign to say he was acquitted by the senate. so even if there's nothing there for them to argue about in the senate he won't be able to say he was acquitted. connell: there's another arguing he's not really impeached until he goes to the senate. david: although even jonathan t urley says he has been impeached but this goes beyond that to we're in new territory, let's face it we've never seen a completely partisan impeachment, like we have, and we've never seen a speaker of the house deny the senate the right to try the case. now, she may, on january 7, she may surprise kimberly strassel

and send everything over to the senate and they could start with the trial but if not this thing drags on for a long time. connell: and the timing matters in the race for the democrats because you get the senators that have to be jurors and sanders and warren and klobuchar they would be off the trail anyway what's coming up top of the hour? david: well speaking of the impeachment we have a member that house judiciary committee, that's going to be joining us from pennsylvania, republican from pennsylvania, he's on the judiciary committee we'll ask him about all of this and then we have simone barron. i used to be a wait erin order to pay for college she's a seattle waitress who lost three restaurant jobs because all three restaurants closed down as a result of the new minimum wage law they have in seattle, so we'll ask her what she's going to do next. connell: consequences of that and the economy out in california people are talking about in the new year. we'll see you at the top of the hour david. david: thank you so much. a 1 13-year-old tradition

that i got a behind the scenes look at earlier today. see how new york city prepares for times square's annual new years eve ball drop. coming up. >> ♪ ♪ most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.

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this ball has been dropping since 1907 but take a look at this, 2,688 waterford crystals, there's so much detail on them and you can see a lot of them are actually really different, 192 will be replaced this year, to celebrate the gift of goodwill. they are going to be in this pineapple formation, because this is not just a change of a calendar year. it's the change of a decade. this ball is almost 12,000 pounds, 12 feet in diameter with more than 32000 led. there's going to be a lot of

security in times square to make sure this goes off with a hitch with a ball drop test and a confetti test tomorrow. connell: wow. amazing look how fast she got back. connell: amazing got stuff. bucket list for me especially living in new york. connell: that's pretty cool. david: what a week, the santa rally slaying records making history on wall street, the dow and s&p closing at new record highs for the second day in a row, the dow's 22nd record for the year, the 35th for the s&p and the nasdac snapping at 11 day winning streak but its been a good week for the nasdac nevertheless but it's not just investors who are celebrating. new data now showing that rank-and-file workers wages are rising at the fastest pace in more than a decade. hi everybody this is bulls & bears thanks for joining us i'm david asman joining me on the panel christina partsinevelos, j onas ferris and gary b. smith and gary kaltb