tv Cavuto Coast to Coast FOX Business January 22, 2020 12:00pm-2:00pm EST
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that led to the divorce of jeff bezos. and mackenzie. stuart: story 1/2. somebody will get into this thing. watch me later today, town hall with charles payne, 2:00 p.m. eastern on this network. time for neil. it's yours. neil: stuart, thank you very, very much. the anomaly continue what is is happening on corner of wall and broad and what is going on in washington, d.c. almost as if investors shrugging at the so-called constitutional crisis and that the president will live to fight another day. the president indicating that backdrop is fine for him and teasing upcoming plans of his own to keep the markets and the economy. humming. >> i will make a tax cut. we'll probably make the other permanent. it has a long way to to in all fairness. we'll make that permanent for the middle class. we'll announce it over the next 90 days. we have great health care initiatives coming up. we've done really well with health care. we're coming up with a plan that will be fantastic.
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we made great trade deals. the china deal is amazing. we'll start phase two very soon. as soon as i do that i will do europe. they have been very difficult to deal with. ultimately it will be easy. if we can't make a deal we'll have to put 25% tariff on cars. neil: republicans have faulted him about not doing enough on that, and cost him the house last time around. it is news that a republican plan was coming. he teased with maria bartiromo, this idea he will target the europeans now on a trade deal and threatened auto terrorists yet again, maybe steep ones at that. mixed signals coming out of davos. the read from lenore hawkins and jack mcintyre. lenore it, was new to me president talking about health care, like waiting for gadot the
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to counter the perception they dropped the ball there. what do you think of that? >> well i think we definitely need to do something on health care. that is an area of the economy where expenses keep going up. with we look at household spending, it has been a story of rising healthcare costs. something definitely needs to be done there. i do get very worried when talking about tax cuts and first off, let my say, i love tax cuts. the less the government takes of my money, happier i am. i like that for everyone in the economy to keep more what they produce. we have a government that has been deficit spending the likes of which we never see outside of either a war or a recession. if we're going to talk tax cuts, we need to talk about spending cut as well. neil: they don't do that, either party, that is a worry going forward. jack mcintyre, if you think about it, if the bond market were worried about this, all red ink and debt we have to pay for, sell, in terms of notes and bonds they're not apparently too
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worried? interest rates out of cycle lows, historic lows. what do you make of all that? >> you're absolutely right, neil. the bond market is not focusing on the supply demand die nam he can what is spoke on with issuance of u.s. treasury. it is more about hey, we have low inflationary environment. growth has been solid but not enough to generate inflationary pressures and until that happen i think bond yields will stay low. i think bond markets could be kind of boring this year. expect in the coupon. i don't see a lot of interest rates this year. neil: lenore is a surprise for you? it finally guidance is right and lives up to high expectations today but that could justify market multiples that seem to a lot of people seem generous. what do you say? >> i think generous may be understatement. look at reality.
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i wish the economy were growing like gangbusters. it would make my life easier. my job easier. i want that. my personal preferences i have to look aside when i look at the facts. we're facing fourth quarter of earnings contraction for s&p 500 companies f we look at broader market if you look at listed companies in the u.s., a full 40% lost money over the past 12 months. even worse, 16% of companies in the united states are zombie companies. now that means that the money they earn isn't enough to pay just the interest on their debt. which basically means they have to use a credit card to pay interest-only loan. that doesn't sounds to me like an economy doing so great or an economy justifies the s&p and dow, all that, just continuing to move up and up and up. from a technical perspective. small cap companies have not been doing well, which is also, that is kind of concerning. nor have transports doing
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particularly well. that tells you there is funky stuff going on in the market really more what central banks are doing, pumping up the money out than what is going on with the fundamentals. neil: among the funky items to quote lenore, jack, is the potential trade war we have brewing with europe. they're responding in kind to the administration threats. european union is on the wire, as strong as u.s. is economically, we'll respond to any additional u.s. tariffs with duties of our own. obviously they're getting ready for the same sort of drama we had with the chinese that worked outs stepsably to sign off on a deal the fruits of yet which to be borne out but what do you make of that? >> i think we're in the rhetoric part of the trade phase. if i were advising trump. hey, you got a great deal with the u.s. and china, let's ride that wave. this is an election year. you need to focus on keeping u.s. economy strong. you need to focus on capital
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moving into the equity markets. you can use rhetoric, you can threaten tariffs. i think is all it will be. it will be after the 2020 election we'll start to see see more progress on trade negotiations between the u.s. and the the eu. neil: guys, thank you very much. it is a busy day. i appreciate that. we told them what is it going on the markets, whatever is moving them is not impeachment related. day two of this trial commencing a little over an hour from now? what can we expect? so far it hasn't changed many minds f you're largely democrat you still think the president should go. if you're a republican, largely he stays. no minds have been changed. to former u.s. attorney guy lewis on the next steps in this trial. what do we see now at this point, guy? >> neil, if they were going to continue to see basically a knock-down drag-out. this is not what happens in the united states federal courts every day.
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so it just, it tells us clearly, firmly, that prosecution and politics just don't mix. with we're seeing now is almost pure politics. neil: do you think there there e witnesses? there are rumors they might allow john bolton testimony? this is sort of behind closed doors, maybe hunter biden in exchange for that? sounds a little crazy to me but what are your thoughts? >> well, if i'm a betting man i'm betting against it right now because, for exactly. it introduces a huge amount of unpredictability. neil: for both sides, for both sides, right? >> absolutely and trials are about being -- it is not about being risk, you don't call a witness, there is reason why we trial lawyers say on cross-examination, never ask a question that you don't know the answer to but, but, that being said listen, in clinton they took a break. they, in the clinton
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impeachment. the senate took a break. they allowed them to go out and conduct a couple of depositions, and then come in and read those depositions. so, look, it all comes down to a matter of four or five senators who may say, look, i'm not ready to shut this thing down without a little bit more information. neil: i'm also wondering too, if this is about something bigger politically than we appreciate? it has the sense of a foregone conclusion to it, by that i mean very little likelihood we'll see the president impeached in senate, it could put republicans, particularly vulnerable republicans in close elections of their own in play, and that is what this is all about, what do you think? >> that is exactly what this is all about, everybody, look, with all due respect to adam schiff, a former assistant u.s. attorney like i was, when i stands up and says, hey, we just, we just want
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a fair trial, they don't want a fair trial. they want a conviction. that is what they want. they want impeachment. they want to continue to introduce evidence, continue to get documents. i think, look, on balance neil, i think they overplayed their hand a little bit, especially when they tell the senate, if you don't give us witnesses you're guilty. if you don't give us documents, you're guilty. i would have love to seen some senator faces sitting there lecturing them about that point. neil: very good point. buy lewis, very good catching up with you. thank you very much. >> yes, sir. neil: this is another thing that weighs on the market. where this virus out of china goes. 17 people are dead, hundreds affected by coronavirus. first reported case in the united states. we're looking to gm recommending to workers travel advisory for all employees globally. susan li has the very latest.
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>> we had 17 deaths confirmed over the past hour. cases now above 500 according to china, peoples daily. two confirmed cases in hong kong. was affected northern mexico and macao a coronavirus case. the u.s., cdc confirmed a case in the u.s. with a man in his 30s returned from the china city of wuhan, going through seattle airport. the cdc on the call says the patient is in good condition, there is low risk to public health. two passengers on united flight coming from china into o'hare airport being monitored for coronavirus as well. as a result the cdc is increasing airport screenings to include chicago, to include atlanta, five airports around the country and lax and chicago, atlanta, screening as well. they are trying to shift, cdc
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are trying to shift all flights coming in from wuhan city, the epicenter. make sure all passengers are screened for high temperatures, coughs, other related symptom as as well. i was on the cdc call yesterday, although there is a lot of precaution taken there is concern but there wasn't a whole lot of panic like you heard with the ebola and sars. president trump praising the cdc for keeping this virus contained. >> cdc did a fantastic job and immediately got the person and i think the china is in food same as well. >> they are deciding whether or not to announce a public health emergency for the coronavirus and the rapid spread outside of chinese borders. in the past we've seen markets react in the short term, travel
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stocks, airlines, casino stocks are hit this time around. as with stars in 2002 stock markets tend to bounce back afterwards, neil? neil: we shall see. meantime following boeing. some are looking at saying boeing, boeing, gone because the 737 max delayed yet again. will this thing ever fly? after this. ♪ hey! you know, i do think it's weird you've started commuting when you work from home. i'll be in my office. download audible and start every day off right.
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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. neil: all right, makes you wonder if not for boeing how would this market be doing? it would be up a lot more to put it mildly here. we have run down from the record territory we were in just earlier today but boeing's stock is indeed a drag. the jetmaker is pushing the return of the 737 max with some analysts now predicting it could
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ultimately cost the company in up front charges upwards of 25 billion. that might just be for starters. pilot, aviation analyst kyle bailey with right now. kyle, you and i have talked about this many times. you've been very prescient on the delay getting this thing up in the air. i'm beginning to wonder, i defer to you as the expert, will this thing get back up in the air? >> it keeps being pushed back time and time again. the key thing here, both sides are not being transparent. when i say both sides i mean the faa and boeing. i would like to see where the snags are. what is going wrong with the recertification process. we're getting tidbits from boeing, software issues, things like, that, they're not clear exactly where they are in the recertification process, what snags they are hitting. my concern there might be underlying issues they're finding from digging into this recertification, the investigation, that the faa might be finding some other things but enif, you know, i
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can't confirm that. but -- neil: the faa decides whether this thing flies again. just to be clear on that, even after this as well, once it has, then the airlines under no legal threat if they do fly them again, of their own? >> that's correct. neil: okay. >> for for carriers in the u.s., they follow the faa's guidelines. so once the faa gives the green light to the airlines they will start flying and they will be delivered. now the faa, you know, is the benchmark for certification. so usually other countries look to the faa if they give it the green light, and the other countries with i will follow suit. now i think you will find a little more scrutiny internationally from the other countries. neil: what about passengers? they might not be clearly as savvy as you are on aeronautical issues but they know the max and a lot of people saying is this a max before they did pull the plane? i think that will stick in their
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heads, right? >> the 737 max is obviously significantly tarnished. when the plane does fly, hopefully it will fly soon, maybe three months or so, once that happens, it will be every passengers head and i think probably six months to a year everything, hopefully will blow over at that time. neil: what if they changed the name or leave out the max? >> i think what they pretty much have to do, is pretty much put it on the backburner for a period of time -- neil: valujet, changed the name of the airline after the everglades crash. i think that could make people -- >> the good news, u.s. carriers right now, of the carriers, we're talking a couple dozen airplanes per carrier. there is not hundreds of airplanes the u.s. has. more international airlines we see significantly more quantities of the airplane but here in the u.s., there is probably down the pipeline or 6 or 700 airplanes in the pipeline to be delivered.
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so -- neil: these are the only guys in the united states who do this, right? with purchase of mccdonald, it is boeing or bust or go to airbus across the pond, right? >> it i an interesting thing, boeing or airbus. with cargo in such demand. the airplanes, increased passenger traffic on major carriers and the great performance of the airlines there is really no choice. the airlines need the airplanes. once the green light is given, the planes will be flying, delivered as soon as they get a green light from the faa. neil: do you think that the end result will be that boeing take as big charge, gets into more financial issues but that is not enough? there is enough trepidation around it, that it will have to do something even more drastic? >> i think the interesting thing is, there is over 5000 airplanes on order. neil: wow. >> so really, we're talking -- neil: those orders still stand. some canceled them, right? >> some have canceled. neil: not many.
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>> there were indications, that -- boeing 737 max represent 40% of boeing's profit and 1/3 of its cash flow, the max series of airplanes. for this program just to go away, it may make sense to sideline the program or do some modifications, put everything on the sidelines, let everything blow over. neil: where are they? >> they are mainly in seattle and the funny thing is -- neil: i was looking for them when i was there. do they hide them or shrink them? >> try the boeing employee parking lot. when i say that, i'm not being funny. neil: i just said where, is it? >> they're storing some of them actually in the employee parking lots at boeing. neil: wow. would be something, where is my spot. it has been taken by a 737 max. kyle, you're the best. unusually prescient on this long before everything hit the fan. i appreciate your expertise. >> thank you. neil: meantime, i don't know whether he could be hacked or you could be hacked, when i
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think of phones, who is hackable i never think of the world's richest man, that is until now because it's happened to him, jeff bezos. ♪. uhh, excuse me, is there a problem here? you're in a no parking zone. oh, i... i didn't know. you didn't see the sign? that... that wasn't there when i was here earlier. (whimper) really? you know, in italy, they let you park anywhere. have a good day, sir. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. (glass shattering) (frustrated yell) (car horn blast) (yelp) my body is truly powerful. i have the power to lower my blood sugar and a1c.
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information from his home. many say there could be different motives but influencing news coverage of the kingdom has to be top one or two. jeff bezos we always remind owns "the washington post." the alleged hacking took place in may of 2018. it continued two months around the time of murder of "washington post" columnist jamal khashoggi. that was in october 2018. one source told ours columnist at "the wall street journal," the circumstances and timing and hacking of surveillance of bezos strengthened further support for further investigation by the u.s. and other relevant authorities on allegations that the crown prince ordered, incited or at minimum was aware of planning for but failed to stop the mission that fatally targeted khashoggi. in istanbul. this is recent release, at the time saudi arabia was supposedly investigating the killing of mr. khashoggi an prosecuting those it deemed responsible it
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was clandestinely waging a massive online campaign against mr. bezos an amazon targeting him principally as the owner of "the washington post." so the u.n. is really not trying to be in a gray area here. the saudi embassy in washington called reports of the alleged hacking absurd. it also called for an investigation. bezos by the way as of right now, has not commented publicly on any of this. but our sources are telling us that he is cooperating with all investigations. neil, back to you. neil: if they can hack him, they can hack anybody. >> yeah. he trusting gave that whatsapp address. so he opened the whatsapp file that had the prince's phone number, trustingly, sources, tech experts tell us that's how the phone was hacked. neil: easy to do maybe easier than we all think. great reporting. >> sure. neil: coronavirus is here in the united states. the director of institute of
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allergies and infectious diseases, dr. anthony fauci is saying things you should be paying attention to after this. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. aleit's a master stroke ofe's heartachew. and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. i'm part of a community of problem solvers. we make ideas grow.
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ratcheting up our controls, our multilayered approach as appropriate in close consultation with president trump. neil: that deadly china coronavirus is spreading to the u.s. forcing a lot of major airports around the country to screen travelers coming into the country. national institutes of allergy and infectious diseases director dr. anthony fauci what can be done to contain this. doctor, thank you for taking the time. >> good to be with you. neil: to you, doctor, how serious is this? >> well this is something that we need to take seriously. obviously it is an evolving situation as you see literally on a day-by-day basis we are seeing more and more cases. we don't know the extent which the transmissibility is efficient from person-to-person. we know for sure it can be transmitted from person-to-person. it likely jumps species from a animal reservoir into humans and
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now it is spreading among humans. this is something you take very seriously. should we be worried about it, i often get asked that question? i don't think the american public should be worried about it, but people, officials in the department of health and human services and homeland security obviously take this very seriously. neil: now, doctor, from what i understand, there is a incubation period where those arriving let's say from asia, china, more to the point wouldn't have any signs for the first five or six days. they might arrive at a foreign airport perfectly fine. is the policy we have in place to screen those coming from all points, let's say east, asia, a proper one in your eyes? >> yes, it is. i think it is prudent and it's appropriate. it is not perfect. any type of exit and entry screening, in this case entry into the united states, goes a long way to prevent individuals who are infected from getting
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into the community but it is not perfect. you asked about symptoms. you take a temperature. you talk about where they're coming from. have they been exposed? if in fact someone is highly suspect you do what is called tertiary screening. but we need to remember that they are also doing exit screening in china. there is exit screening there and entry screening here. again it is not perfect. someone can get through that and when they do you need to be able to identify them, isolate them, and put them under the proper conditions. neil: so you know, we all worry about developments like this, doctor. of course very smart people like yourself remind me that far more people die of the common flu than are caught up in the situations like this but it is already prompting a number of companies to say, all right, think twice about global travel, particularly to asia. general motors is among those. is that an overreaction? how would you define it?
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>> well, the cdc has multiple levels of travel alert. one is, just business as usual. level two is heightened precautions. level 3, which is not where we're at at all, is only absolutely essential travel. so what the cdc has done is gone through the second level, mainly heightened precautions particularly if you go to an area where clearly you're sighing an outbreak and obviously the epicenter of this all is in wuhan in china. neil: right. >> so that is clearly something you have to be careful when you're there. neil: doctor, thank you for taking the time. we appreciate it. just a reminder, 17 are known dead there. there are 500 confirmed cases. china is saying at least in the state press they expect to be extra vigilant following this, staying on top of this. we'll see what happens there
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keeping a close eye on boeing. that stock is getting pounded, more than $10 a share. accounting for 60 plus points drop in the dow. without that we would be up smartly today. i should also add we're just learning from united, it does not expect to fly the 737 max this summer. a host of other airlines have hinted just the same. we should also remind you there are reports that boeing is considering, a huge write-down, potentially into the tens of billions of dollars. $25 billion to address this. we'll have more after this. tomis your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ everything your trip needs,
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defamation. hillary vaughn with the very latest. reporter: hey, neil. hillary clinton still is not running for president but still is stirring the pot in the democratic primary by firing shots at candidates still in the race and now her meddling could end up costing her millions after tulsi gabbard filed a 50 million-dollar lawsuit against clinton for saying this -- >> she's a favorite of the russians. they have a bunch of sites and bots and other ways of supporting her so far, and, that is assuming jill stein will give it up, which she might not because she is also a russian asset. she is a russian asset. reporter: in the lawsuit filed today, gabbard says clinton has a personal vendetta against her because she endorsed bernie sanders in 2016. she is accusing clinton of defamation, that cost her millions of potential donors and voters. writing in the lawsuit, she said
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clinton got what she wanted by harming tulsi. she harmed her political rival's reputation and started a damaging whisper campaign based on baseless but vicious untruths. we reached out to a clinton spokesperson for a comment and are awaiting a response but clinton also fired fresh attacks against bernie sanders saying in a new documentary, quote, nobody likes him. clinton is orb brushing off her bernie blast, tweeting last night, she thought everyone wanted her quote, authentic and unvarnished views. neil, some of those views pay be getting her into trouble in court. neil? neil: wow. unfortunately this is not just limiting to democrats when it comes to cheap shots. the president taking one at michael bloomberg earlier today. take a look. >> he is wasting his money. he is not going to wins because he can't, he is a terrible speaker. he can't speak properly. he is not a charismatic guy. he has got money.
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he will spend as much money as he can. he has a real thing, he has some, some kind of a deal going. he wants to spend a lot. i'm making a lot of my broadcaster friend wealthy. that is way i look but had no impact. neil: would that be like me giving you dietary advice. laying it out there? charlie gasparino, and former democratic congressman harold ford, jr., both here. always good seeing you. there is enough of these cheap shots to go around obviously. i'm just wondering given the ongoing impeachment trial and everything else, how do you think voters are reacting to all of this? >> i think they're taking it in. i think voters over the last election cycle, particularly since 16, they have had a lot of incoming. president trump is a unique figure and he has redefined the political landscape. the talk about impeachment, we're now in it. we were talking a little before we went on, if you listen to last night, whatever your feelings are, charlie and i were talking a little bit about it, about the impeachment case from
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the democrats, they actually laid it out pretty clearly. took them a long time. it wasn't even the layout. it was a layout based on rule changes they wanted. today the opening arguments will start. but to what president trump was saying about mike bloomberg, bloomberg is spending a lot of money in a lot of states. president trump recognizes where he is spending money are in state that matter the most. most democrats in iowa, new hampshire, south carolina, states democrats will likely lose in november. bloomberg he is spending money in michigan. he is spending money in colorado. he is spending money -- neil: whether he is the nominee or not. >> in florida. he said he is willing to help whomever that democrat might be in order to beat donald trump f you're donald trump, i get where he is coming from, but i don't think that will dissuade mayor bloomberg doing what he is doing. neil: he is in it to win it or make a big statement. >> he define as win as president trump -- neil: that is how he presents it. democrats are still fighting with each other. hillary clinton and bernie
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sanders dust-up. bernie sanders with elizabeth warren. now tulsi gabbard. it's a mess. >> it is and i, here's how i think, listen i thought the democrats and, you know, i'm not a huge adam schiff fan. i thought he made a compelling case that donald trump did something wrong. here is how a lot of republicans and even moderates will look at it. is impeaching or voting against donald trump for this, okay, worth turning the country over to what the democrats are, aside from biden and bloomberg, the other, rest of them want to remake the economy in such a radical way, is it worth it? and i think that's what republicans are saying on this impeachment thing. they, most republicans don't like what donald trump did. trust me. behind the scenes they're saying that. i know that for a fact. neil: on the ukraine thing? >> oh, yeah. they're saying the alternative is so radical. if that is where the election comes down to, you know,
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democrats have a real problem. now the question is this, if biden wins, or bloomberg wins, say bloomberg doesn't win but biden wins, donald trump will have a real big problem. biden will run pretty moderate. bloomberg will flood those battleground states. by the way, it was only 100,000? neil: below 70,000. >> 70,000. he has to convince 70,000 -- >> couple different states. >> couple different states to vote democrat. i'm telling you if you flood it with that much ads, you know number we put out there which kevin did not deny, two billion. neil: what if it is not biden? could you see a scenario where someone is denied a first ballot victory and is open season? that is i guess what bloomberg is hoping for? >> i can. i think we'll get to the convention and we'll know our nominee. neil: really? >> look at the bloomberg plan, his idea on super tuesday, 42, 43% of the delegates are chosen
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that day. first four states, 10% of the delegates are chosen. you get to super tuesday. if he is able to have a big, big day. he moves to the front of the pack, he runs in other states with lot of money. neil: a lot of other candidates with a lot of money. >> would they? neil: they have a lot of money. >> if you get fir fours states to super tuesday. it will be whittled down. if you still have three or four candidates it will duke it out. regardless what the other candidates have, mike bloomberg will have more. >> let me ask you this, harold, if bernie sanders or elizabeth warren gets in there, will bloomberg, i hear he hates trump so much he will support them. bernie sanders will destroy bloomberg lp be, the terminal business. >> his policies? >> elizabeth warren is, almost there. will he really support -- neil: hillary clinton all but said if he were the nominee, she wouldn't vote for him. >> would he support those two?
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>> he said that he would. neil: >> do you believe him? >> i don't know. have both obama not a sanders fan. obviously hillary clinton made the comment she made i forgot that. >> we're early on in this process. the two most problem meant figures, titular figures in my party are not bernie sanders fans. the question do they have to become bernie sanders fans if the majority of the party moves in that direction? it is still early. i saw a poll that sanders moved into statistical lead in national polling above biden. i watched biden on another network. he gave the best interview on policy issues on one of the networks. neil: what you were watching another network for? >> watching my old pal joe scarborough. that biden was on. >> you don't have to make excuses. >> biden gave a great interview. the question can he sustain that? you raised the right question. i'm not certain where heads of our parties and clintons will
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be. neil: do you remember leaving this. >> i left voluntarily losing race in u.s. senate. neil: many harken you to get in. >> it is a part of who i am. i love the business. neil: that was very adroitly answered. >> well, he is a politician. he is good. he has a lot of practice. neil: never heard him take a cheap shot at anyone. >> no. neil: there is that. >> unlike you. neil: you and i. we take cheap shots at everybody. no one is safe. millenials are not moving out. that could be a problem for the housing market. we'll explain after this. ♪.
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neil: existing home sales climbing in december but millenials are proving they're not quite into it as much. kristina partsinevelos is looking possibly why. kristina? reporter: we have to say that's right, neil. some are saying millenial homeownership slump. existing home sales for december still managed to rise 3.6% but talk about the millenial homeowner slump because we have some new data from the federal reserve are highlighting how times are changing when it comes to homeownership. baby boomers hit 35 years old, neil, maybe you remember this, back in 1990s, they owned 1/3 of total american real es sate. last year in 2019, the median millenial at 31 years old, owned only 4% of the american real estate. they are not 35 yets but unlikely to buy 30% of the housing market in just four years. some factors contributing to the
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slump are high student debt. we talk about that all the time. rising prices in metropolitan cities. many younger folks prefer flexibility. they worry about owning property after witnessing the financial crisis. this housing slump might be mitigated. why? because another study from realtor.com, the housing market is short nearly 4 million homes to satisfy current demand. and it would take builders four or five years to a balanced market. which happens to align perfectly with aging millenials who may not want to buy property at 35 years old. several u.s. cities are doing very well. you can see arizona up there. neil, this conversation with millenials will continue on fox business during our town hall with charles payne. they will speak to millenials about the housing needs. to recap, millenials may not be buying yes. there is also a housing shortage so that might be a good thing
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maybe? neil: thank you very, very much. fox news headlines 24/7 reporter carley shimkus, internet radio sensation, mike gunzelman and, kat timpf. what is happening, young people or below still not smitten about with housing. >> i would love to own property. i don't because i live in new york city. here is a bedroom/kitchen with a bucket for a bathroom and it is two million dollars please and thank you. i'm not doing that. even in my early 20s, from ages 21 to 25 i was moved to countless times. i moved in four different states. i didn't even buy a bed until i was 24. neil: were you running away from something? >> funny you ask that? [laughter]. >> [inaudible]. but i wasn't even, in a stable enough place to invest in buying my own bed because i was moving
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around for work. so it is really tough. >> i considered my fellow millenials including myself just getting by generation. minimalist millenials. a lot comes down to the savings clearly isn't there. a lot of student loan is up there. health care costs. also you know employment. not unemployment with no jobs. you're not getting paid as much as you should be. the big thing with housing where is the down payment for the 15% going to come from when you're just getting by? that is a big question and big contributing factor to this whole thing. neil: but it is picking up. this is not of course everybody but it is picking up. >> i guess it is picking up but it is still not where it was with the older generation. gunz, you are right talking about the student loan debt. neil: he whines every day. >> baby boomers, versus millenials, equally to blame are dating apps. i would love to see a graph that
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shows as dating app popularity increases, because when do you buy a house? when you have a family and settle down. that is happening later in life because there are more options for people out there. >> one of your favorites bob dylan, the times they are achanging. big bob dylan -- neil: absolutely. came after lawrence welk. >> big fan. post-world war ii, your gameplan, life plan was you would get married, buy a house and have two children. now it is completely different. the biggest thing is time. people don't spend as much time in their house. working longer hours, they're commuting farther. the fact there is no real reason or priority or incentive to own a house if you're a millenial right now. neil: were you burned or your parents burned by the housing meltdown a little overdecade ago? not everybody but it gave you pause. >> thankfully not my parents but it was really difficult. we all are almost exactly the
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same age, graduating college at that time was tough because there were fewer jobs available. so i think that may have set millenials back a bit. they're really trying to save and -- neil: are some of the things, traditions of my generation treasured, owning a home as important to you? i don't think it is as important to you? >> no, it certainly isn't. i don't see myself anywhere close to that. i think a lot of it has to do with the fact that i live in new york city. plenty of my friend i went to high school with, they have the house, the kids and the what not. neil: big apple, you're being taxed up the ying-yang. >> finally when you have enough money if you're living in the city to buy a house, you want to stay in the city, you actually have enough money to afford to live here. neil: it goes full circle. >> exactly. >> i don't see millenials changing this anytime soon. >> i feel like i'm crushing it because now after i lived here almost seven years now, i finally, my apartment when i first moved here, there were a
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>> will i sound like a brokenree impeachment trial, the collective shoulders on the markets. they don't think it's a big event. there in washington and the chatter, this is the epicenter of the world. over the markets, they just move on. is that justified the nothing comes of all of this. the way we have to handle this hour by hour. they will drag on. lawrence has been doing just that. what are we looking at today.
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>> is the air out of everything in washington dc. and representative adam choate said right now before he's going into the house defendant chambers he is going to lay out what happened and how it happened. it is very interesting that we have the rules now set and we'll see if the two sides can actually get along today. we had problems with that early in the morning to the rules are set. they will have 24 hours in a tightly other case over three days and how they use that time is up to the house managers are the lawyers. no saying life look inside of the senate chambers right now where things will start any minute and all of this evidence from the house has been entered into the record senators can object with the removal process. in 11 democratic amendments were voted down. and now the fireworks. representative jerry nadler started going after the president legal team well after midnight here and some very tired folks in there. while the president's legal team
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didn't take it sitting down. listen to this exchange. >> the president rely sometimes on the theory of absolute immunity. and that he can order anybody not to testify to the house of the senate. it is embarrassing. in the presidents councils talk about this today. >> the only one who should be embarrassed mr. nadler, as you for the way you have addressed this body. this is the united states senate. you are not in charge here. it is about time we bring this power trip in for a landing. >> and chief justice admonished both sides to remember where they were making these arguments saying the senate is one of the world news greatest bodies to deliberate. you avoid language that causes discord. and that may be very difficult as this process plays out. representative shift and others go in. they want to see their witnesses. >> the senate should allow is a
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fair trial. it's for the american people one that allows the house to call relevant witnesses. >> is not saying all witnesses it is not a one-for-one as we heard, it is not a football meat. they were here for democratic witnesses. but they don't want to hear from hunter biden, or joe biden related to this. they are saying that is meant to smear the names through mud. so what is good for them they say it is not good for the others. and they go back and forth. neil will have to see how the fireworks go today is looking at another 12 hour day. a. >> you are looking at another 12 hour day. thank you my friend meanwhile the president wishing his own agenda as the converse tries to push them out. take a look. >> i'm going to make a tax code. we will probably make the other permanent. for the middle class.
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so we will be doing that and announcing it over the next 90 days. that to me is very important. neil: all right, the tax cut and were told is more of the middle class. lower middle class, who knows. and we been dealing with the democratic house, that's problematic. here lies the goal. chief investment just strategist, best-selling author dan, and a research consumer research consumer expert as well. and you sense, type about investors. but the average american, has affected the buying habits. if they are concerned, you don't see it. when you say. >> the president actually propose something like this in 2018. there was going to be a 10 percent tax cut for the middle class. but that really never manifested. it seemed like the president, anytime he feels under duress,
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and he is back to the tax cut. but to your point, it doesn't really have an impact on the consumer. it sounds great, i think is more of a talking point. so maybe two different of the american for the average american american away from spending or away from what's going on in washington actually. the consumer feels good about the economy. they will continue to spend. neil: is a strong economy. kate, you brought up the possibility of the elite. but there's the uncertainty of witnesses and this two-week affair turns into a four or six week affair, then what. >> will hardly impeachment is been in and type indicator. traders haven't been worried about it but if there is a skeleton in the closet and if they get a sense that that is real, then they will get nervous. that's when the maloney then will accelerate to the inside.
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neil: that likely won't probably have and do what you think. >> i don't think that will happen neil, i think the one thing that the republicans do not want is to have witnesses coming forth. there is no upside in spite of the fact that they want to get hunter biden and joe biden. >> to get a mega skeleton in your closet. >> that won't happen and that's why we hear the president going back to tax has because he is now starting to head a little bit and say we've gotta make sure this market remains strong. the market loves the regulation and tax cut. neil: he also goes back to the health care. that's one thing that doomed the republicans in the house. they didn't have something ready. they didn't appreciate the enormity of it. the economy is stronger even since then. is it necessary. >> i think what he wants to do with healthcare, is blame the democrats because he can not get healthcare through congress.
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so what will his position be? the democrats want to stop us from being able to get great healthcare. >> police are still campaigning. he is on the campaign trail right now. in addition to the fact that there is an impeachment trial going on. so whatever he is saying, he it is still in the back of his mind going out there and having to campaign. neil: were being political about this but blaming, that if we hadn't done this, and if not for blowing boeing, the economy would've doubled the growth. i mean,, come on, he criticized barack obama for pulling this. >> is a page from the president's playbook. we have seen it over the past three years and to your point, boeing, this new announcement the planes will not be ready until mid summer. that is clearly a boeing issue. again, we always have to
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remember he is on the campaign trail. we will keep is alive over the course of the next couple of months. >> this is moving three steps ahead of the opposition. this is classic trump. neil: let me ask you, is it your sense, that the markets would be very nervous if it started looking like his reelection was in doubt. >> yes. neil: a lot of maloney, and that that is in jeopardy, that they'll start getting nervous. >> i think they would get very nervous and the individual industry will be taken for white knuckle if they didn't sign up for it. >> don't you think it will depend on who the market perceives as seeing the huge
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reaction perhaps, if it is joe biden or mike bloomberg however,. [inaudible conversation] neil: if it looks like he will be there nominee. >> they would get the sense that president trump would win no matter what. but if bernie or warren actually went, i think the market will go to 35 percent instantly. neil: was go back to boeing. you all commented on in the report now are saying and showing us a better information about it getting delayed. it's the only real airplane that we got in the united states. >> we certainly have the market cornered in this particular sector. if i were ceo of boeing right now. i would stop the whole right now at the tune of billions of dollars but how much longer can this go on for. at this point, airlines are
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suffering. there is a halo effect on the negative site with the airlines. in the moving out. and this is travel season. if i were a ceo of airplanes right now, i would scrap it. i would just are never printed. neil: they haven't canceled plans. what if the faa puts us back to next year. >> i think is going to do or die moment. they've hired a candle this entire crisis poorly. they got litigation pending and self certification process that makes wall street news baby behaving as on most of the time. it doesn't matter what the plane or rebranding or what it is, if the customers trust it. it is a matter. >> they don't know what they will rebrand it to. i don't think so. >> would actually cause this whole problem is airbus having
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that potential contact with american airlines. tempo going into a panic to say that we have to get the 737 max out and as quickly as we possibly can. they took some shortcuts and now they are paying for that dearly. >> the board of directors needs to asked the ceo. honestly, at this point they need to have an emergency meeting and just get him out. is causing the stock way too much money and is now costing airlines and they are dragging the downtown. neil: the new guy, i am just wondering if he can or if the company can manage to get out of its own right. i doubt it. >> i'm am with you. i doubt it. i think you have an incredibly long difficult road for them. if the customer trust is gone, it doesn't matter. neil: threatening tariffs in the europeans, if the president does
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that you do that. anything about that. >> i am not worried because what we saw with china, is quite frankly many people thought it would never work. he has had some success. and knowing the way trump acts, it worked once, he is to do it again. neil: do you take do you think tariffs are viable 11. >> i wouldn't have thought so before trump weapon eyes them. but now i think is he's perceived as being unpredictable by the rest of the world, they really don't know what he is going to do next. and it is better to take the deal he puts on the table now. >> i think the truck tariffs are the ones in this case, more effective than anyone just sort of saying they're going to do something. neil: my force people to sign a deal. >> you're right, and two-point
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is become of the consumers, and the end, it doesn't really have an impact on the consumers in the way that they are spending. >> to me that is very much the trade going on in europe. neil: it obviously saved the comments. we will keep you updated on that. stay with us. this commute's been pretty rough, huh? it's great actually, i've been listening to audible. it's audiobooks, news, meditations... gotta go! ♪
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audience, who are invested in you. it is really great at the stuff. joining me right now to talk about that. it is interesting, we've been talking charles, with millennials, about the debt and all of that. and maybe it is worse than it was when we were there. but i found them pointing a lot. how we treat this today. >> i need to a degree, i wouldn't say whining but in general i think it is better that the more we don't understand or appreciate it. i know i had it a lot tougher than most millennials do when i was in my 20s. i had to gamble when i worked at ef hutton because of the family medical plan was 250 bucks a month. and i decided to forgo it. sorry to gamble. i wouldn't get sick, might one -year-old would get sick and might wife wouldn't get sick. we lived in a very small cramped apartment in harlem before it
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was better. when i hear people complaining, and of course i think about my grandparents who never had indoor plumbing or electricity their entire life. but then of the farm, they were self-sufficient and they raised 12 kids. actually 13 kids. i think things have gotten better but it is easy to say whoa is me. and going to take people seriously but you also want to say look, is not as bad as you think and it will get better. particularly if you make it better. neil: but a lot of kids here let somebody my age talks about how it was back in the end of the day, there behind the eight ball. some of them have been exposed a little over a decade ago, when their parents went through and her siblings with room. and they don't want that for them. so there kind of adverse to the things that the state you and i aspired to. >> since then, households have
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gone up every month for like 90 months. the stock markets at a record high. neil: there becoming a part of it. >> at the third quarter of this year, ownership for 35 and under his of the highest levels in the fourth quarter of 2011. and i think it's going to continue. in fact i think were about ready for a major,. [inaudible conversation] at some point you do move out. there 40 years old, and some of them another debt. [laughter]. there's always an outlier. so the older millennials i think are performing to the old-school american dream. because it is there. by the same token, if you graduate and you have a bachelors degree, bring on the participation rate for bachelor degree is a most 80 percent in the end employment is 1 percent. so again, it's like if you want more than that, i can't really
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help you. it is really tough. a lot of them choose to live the most expensive places they can live. i think is starting to change two. move to memphis, you don't have to live in manhattan. neil: if people did that and work at fox. [inaudible conversation] one the overall environment, is the wind and everybody's back presumably. i am wondering if that emboldens young people are old people when they see something like that. two they dived into the market too late. do they take advantage of the stuff because they missed out. what you tell them. >> i tell them to not worry about near-term success. if you are young, you've got everything going for you. even the ability to sell. it is a wonderful thing. my son, who is like a millennial by two months.
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and i think really pigeon see, the girl behind him will be more aggressive. he is in his last year of college. at christmas he was at home and he was trying to start a canister in beverly hills. he needs to raise 500,000 news of art is raise $250,000 all business plan is made his own presentation to investors in california. so is not the only one. these younger millennials are starting to think, because they understand ownership. yes he is coming out with her new line. in the thing is, she's going to make about $79,200,000,000 a year because she owns the line. honey west was 50 million in debt he's on the verge of being a billionaire because he owns his bride. these young folks now understand their ownership. neil: and i put my daughter here. [laughter]. we will talk later. >> at the heart of gold by the way, i got minutes from now,
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watch it on this. [laughter]. neil: it should be fun and we have a lot more coming up. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk are critical skills for scientists at 3m. one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much.
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neil: is the policy that we have to screen those coming from all points let's say east asia, in your eyes. >> yes it is. i think it is prudent and it is appropriate. it is not perfect. any type of exit and entry screening in this case the entry into the united states, it goes a long way to prevent individuals who are infected from getting into the community but it is not perfect. neil: was warning about the importance of containing the coronavirus after the illness has now
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claimed at least 17 lives. in fact hundreds more, we just don't know what the deal is or where it is going. back with or yourself maybe consider wearing a mask. obviously wash her hands. don't have close contact with people or animals if you are traveling to asia and maybe don't go to markets poultry. neil: i am hearing from a lot of people that you might have it for five or six days when you know you have a, to come to the united states, no reason to be screened and everything seems fine but then boom. is this like that. >> right now is still in its infancy so it is hard to say. i like to hope that is 20 end up
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being likable and not become a big of a deal at least in the center. but you never know so you have to take precautions. people should just continually going about their business. just to the best you can. what else can you do. you can't live in fear when it comes to travel or terrorism or whatever it might be. you just have to live your life. neil: i think general motors is issuing a travel warning. not specific to china but just to be aware. i don't know if that is hearing folks. it but if they are scared, when you tell them printed. >> i say you can't live your life in fear. and that is a big motivating factor. neil: would you avoid a show for the time. >> no absolutely no they would not void it for anything. i was in asia for a couple weeks ago. and i will be there again in a couple weeks. neil: to trust the government there,.
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>> is always an issue but let's be frank about that it happens here too. neil: what drives it. an alarming situation like this or the perception of it. the economy). >> of course it is. it always comes back to money) if you have to go to asia, you will do it. if the asians are going to come here to america, the do it. millions of chinese tourists are going to be going all over the world but a lot of them to america. have you ever been to las vegas during the new year's for chinese. they will be here. neil: any precautions that you take on a flight, when you coming from china or asia, that you would not have normally taken. his stomach if i was going to asia, i might consider disinfectant wipes and maybe even a mask. i normally would probably make fun of the people who do the mask but in this particular case, it really doesn't hurt.
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neil: because they don't want to talk to people. >> i am a chatty cat. [laughter]. neil: just use common sense. in the meantime, las vegas is dealing with a major homeless problem right now previous trying to bring in more business but there is that conflict. how the city is being proactive. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity.
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neil: rebranding. in new york city, they look to plan the homeless from the sitting. then we camping out on city sidewalks during the street cleaning powers. rescue health laws. john is always good to have you. happy new year printed. >> happy new year and great to see neil. neil: we get your sense of what vegas is trying to do here. >> first of all, let me give you a little perspective. they have 42 million tourists a year. that's more than the country of mexico. six and a half million of conventioneers. in the city has a population of 650,000 as compared to new york with 8.4 million. but vegas has hundred and 50000 hotel rooms as new york has only hundred and 10000. so when you look at the volume of hotel rooms, and here's the
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big one neil, 18 percent of those 42 million tourists have never been to vegas before. many 82 percent are coming back. vegas is a resort. the city is a resort. its relevancy, the entertainment that we provide in the cleanliness, the safety that we provide is critical to getting those 82 percent back. that is why vegas draws 42 million people in the mayor goodman put together in essence to laws, the person says that you can't camp on the street when there is available beds and shelters. certainly not a malicious block neil. we get this people into shelters, they have access to other services. other opportunities to straighten themselves out and improve their life. the other law is that you can't sleep on the street or camp or sit on street cleaning days. no neil, you're in new york, you can't park in the street cleaning day in new york printed you can't put your trash outside on and on trash day in new york.
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so neither of these laws are malicious or do anything other than protect the tourist experience. i am all for it. neil: your homeless issue there is nothing like what is going on in san francisco for a lot of companies now are reassessing whether they have their meetings their or their xmas there because it is so out of control. the same with seattle. so this is pretty small in comparison. we think the sawdust. >> i think the las vegas is smart and we are getting ahead of the crisis. you're just talking about contamination and viruses. look at the syringes in the virus and contamination of rats. they are fighting then in los angeles and san francisco. there is fallout from this garbage and things on the street and impact all of our safety. so think vegas getting ahead of this is smart. i think they're doing and in the conscientious way, not doing it in a malicious way at all. if this works well, our streets
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will be cleaner and we have more homeless people into shelters and we can protect our 42 million tourists experience. neil: and this affects their health. i think you're is a good point. i'm no john, i knew you were coming so i want to ask you about another development. and something different. boeing can't get its self out of its own way. now it's getting delayed and yet again, i hope maybe my summertime that the number of airlines are getting antsy, jet makers are looking at possibly a $25 billion charge of the coast to that. how would you rebrand them to help them. what would you do printed. >> what is interesting neil, let's assume the summer or fall comes along and the 737 max's are cleared by the faa, in essence he might become the most tested aircraft of all time. there could be an asset value at the end of this. horn equity value. so if i was running boeing, i
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would say if it is summer for, or whenever it is, i wanted to be the most tested airplane of all time. i wanted to be rock solid and actually turns negative environment into a positive one. when we launch. we see that happen with other friends. remember tylenol with the packaging problem years ago. we have seen companies recovered. it might be one of the best tested planes ever. neil: sometimes it doesn't work. sometimes if you come up with a different name for rebrand, times it doesn't work. i can remember value jet after crash, and later changes name to airtran and then didn't do anything. i am just wondering how those things ultimately are decided. whether the company is committed to it. because the public is also with the stigma associated with this point. >> i also think that the buyers need to be involved in this decision.
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american airlines and a lot of the carriers are going to buy this plane. they are stuck might be plain in many cases are there are many about the plane. so what is that brand of the light lane impact them. and the confidence of their passengers. i think this needs to be a combined market research, supplier side research and a need to be right. there is a lot of money and a lot of jobs on the line. neil: they've got to do this this and this. a lot of people don't listen. they won't listen to you. if that's the case, what happens printed. >> what we are running about a 71 percent success. i'm very proud of that. i guess is that other 29 percent the don't was and i like to think. neil: great stuff and you have a great eye for this. i appreciate that. john, always good seeing you. a good read, on all things and good business. meanwhile, gm looking at
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♪ ♪ neil: there must be something to self driving. general motors is releasing its first driverless car. details when that is. >> there a tech sports wrap and general motors acquired them in 2016. it is now with an estimated 19 million after additional investments. and honda have helped develop the self driving car which is called the origin. his electric vehicle with sliding doors like in some way. sitting for six and no controls whatsoever or driver. the plan is for general motors to build thousands of them.
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it is setting up a similar to over but much slower rate. you should save a typical family of six for example, over $5000 annually. compared to a traditional car ownership right every. the ability for each is comes has over a million mile lifespan. they delighted to further develop the technology and didn't announce a new target date last night but it has been tested. nearly 180 self driving chevy in the past couple of years and backup drivers on board. only handful of accidents have been reported in so far most of them attributed to human error. they wouldn't send the cars off in their own until are capable of super hero safety. and be somewhere in the united states and the talking about michigan for manufacturing during the talked about this a few months ago.
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and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ neil: taking it to the floor of the united states and a right now. this is on the will go 12 hours late tonight. but not into the wee hours of tomorrow morning. there are a number of republicans that are saying that this is getting be a waste of time. and it should stop now. some are urging that they should stop this now.
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neil: i guess the impeachment is out of the barn so to speak. i don't mean to compare this to a barn but is it too late to pull his back now printed. >> i don't know if it is too late to pull it back but certainly the senate can undo this ridiculousness that we have seen in these two articles that they house of representatives has sent over. they're constitutionally fraud. and that is like 20 of my colleagues have sent this letter to the united states senate asking them to reject the articles of impeachment. neil: now your argument and i'm assuming it's all republicans here. this wouldn't be seen as we have republicans by and large opposed to this in the might and large, the democrats are wanting to go forward. will changing minds. >> the problem is it may not change minds but what we have done in this letter, and so say why these impeachment articles are essentially flawed. essentially democrats led by
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house speaker nancy pelosi and they've done nothing more than make a political charade out of our democracy. not just this presidents but the presidency is at stake in our democracy is at stake in this what we can't simply have the impeachment. our founders knew that. it can't simply be at the whims of one political party who happens to be in charge of the house of representatives. the american public knows that. unfortunately the only promise that we have seen the democrats go forth on they said they would in fact impeach is present. they are simply impeaching him for a political charade and making a political point. it's time for the american public, particular to the night united states senate to say no, this is a constitutionally flawed argument. they don't even have facts. they don't have evidence. that is what is so disturbing. they are claiming corruption. there are no high crimes. it. neil: can be just weird going on here that the president was
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withholding aid. and maybe there is some sign that the government and ukraine will do something. enter your point, it is a little weird that ultimately aid was given when the white house might've gotten wind that some was going to say something. >> the supreme court has consistently upheld that the president is the number one person or entity with regard to international relations. no, is not weird. it is within the scope and authority as president of the united states to conduct those international relations. it. neil: not to get dirt on the a penchant potential partner. this might've been about dealing with corruption but it focused on getting something on joe biden. and i am wondering whether that's infeasible or not. at least sort of sour taste?
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>> i think what leads or leaves a sour taste with the public is this a waste of money and time and resources when we have real problems and the is going and the unemployment is. neil: but if barack obama in the same thing, would you feel the same way. it. >> i think what we saw during the clinton's impeachment is that the bar is very hard for impeachment. and that we should not be used as a political ploy. the american public should be very concerned about joe biden news son who had no experience whatsoever in the energy sector and i can take a multimillion dollar job with an energy company in ukraine. that is something the american public is probably very curious about. however, with are not curious about is by and what is concerning is tearing down the separation of power that this country was founded on. it. neil: you're quite right in the end. i am just wondering if any lesson can be learned here.
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whether it is an infeasible act, it did raise issues that make people wonder what was going on. is any part of you, the legality, the impeachable nature of that not withstanding. does any of that worry you about the behavior of the president. >> i'm not concerned over these actions. i am concerned again that our process being destroyed, that the democracy in america being destroyed. i do think that perhaps in the future, democrat or republican president, needs to be worried about what sort of president the house of representatives or presence that it is leading without any facts or evidence. anytime that you have a government accountability office, again it is a matter of his democrat or republican, who are they accountable to. who are the individuals that are deciding whether or not someone's motive. having been a prosecutor myself, i know i would not have taken a
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trial if we did not clearly establish motive and we did not have facts to put forth to the jury. neil: no surprise there. attorney general, thank you very much. >> thinking you. neil: on the floor, and shift, he is trying to get away with bribing a foreign government to get his way. republicans obviously have a fairly different you. more of this.
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tesla topping 100 billion-dollar market value as its record run continues. gerri willis up at the new york stock exchange with the very latest. hey, gerri. >> that's right, neil. now it is 106. there has been no other u.s. automaker ever achieved this level and now tesla is bigger than everything in the category save toyota. huge move for the stocks. we're seeing 106 billion-dollar market valuation. this is coming after the stock crossed 420. that level, you remember musk said he would take the company private at that level. of course he did not. the good news for mr. elon musk is that, if it stays at levels it is right now for any period of time, it will trigger a 346 million-dollar payout for the ceo and founder of tesla. the president today calling musk a genius like thomas edison that needs to be protected. interesting. meanwhile some on wall street
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think the stock is going even higher. new street research put a 800 price target on the stock. the analyst says, seeing unit sales rising two to three million annually by 2025. keep in mind the company only sold 20,000 vehicles through the first three months of, first three quarters of this year. 18% of the float held by shorts. maybe that 800-dollar level isn't a lot but it is hard to argue with what this stock has done over the last couple of months. neil. neil: gerri, it is amazing, i'm sure you talk to many traders that impeachment is non-event. we're in day two of trite i will could go late into the night but fact the matter it is not moving traders one bit, is it. >> no it is not. they're looking at the fact we signed trade agreements. we're seeing the earnings season has been very positive. the banks are out first, they have terrific, for most part, only couple names didn't do well. we're optimistic about the
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quarter for earnings. we see two trade deals in the bank now. we feel like, the whole conversation with china is not the issue that it was. and so, these traders down here, they believe that this whole issue on capitol hill is going to go away. it will die an early death in the senate. and, you know, the boeing ceo has been on the conference call or was, for about 30 minutes. and you would think that the stock might dive on that. it did just the opposite that dow component higher here. as you can see. 310. it had been down as low as 302. so you see the market is diffused with optimism. neil? neil: that is an understatement. great job as always, gerri willis. by the way she was referring to boeing ceo calhoun, he said he and the company are not considering scrapping at all the 737 max saying i do believe in this airplane. he might be one of the few right now. so many are pushing it back in
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the air, seeing a time will be back in the air. the message you're getting from him, it will get back in the air. better late than ever. that pared early losses we had. it is down three bucks. charles payne coming up next. >> this is a fox business special presentation, "invested in you," live with a studio audience in new york city. here is your moderator, the host of "making money," charles payne [cheers and applause] charles: how is it towing? how is it going. you get a car. you get a car. you get a car. how's it going? how are you doing? how are you doing. [applause] first pump i like that. how are you doing? i like that. whoo! hello, everyone, thank you so much for being here. for very special edition
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