a.i. a.i. is something that terrifies many people. they always say they're coming for your job because the robots get smart and take our jobs, right? you have a different idea of what a.ith industrial revolution. for those who are just passively just walking through life, we are in a new catapult to a different stage of humanity in society. just like we were in 1918 where there were people that were, like, afraid that electricity would electrocute you. >> trevor: do you believe and you want to get to a point where a.i. is genuine, like it doesn't feel like a robot assistant but like a friend on your phone telling you how to lose weight and make money. do you ever get frustrated living with the rest of us? ( laughter ) >> no, i just -- >> trevor: because i'm trying to figure out what i'm eating tonight and you're telling me i need my own a.i.. i'm impressed with the microwave now that it has the minute where it warms up and does the thing, and you're telling me about, like, the future. like, do you ever get frustrated about how we exist today as human beings? it feels like your min mind is e we are. >> i was raised in the projects, raised poor sitting in the free cheese

a.i.? a.i.?it >> well, it is a.i., yes. i'll agree with you. a.i. is cutting across horizontally, across technologies and each significant company will become an a.i. company. with exclusive interview global founder milner. > coming up, how oil markets are reacting to u.s. sanctions on iran. o u.s. sanctions on iran. >> information super highway. > and the car has become an accessory to the smartphone. >> car sharing, car-pooling. are ity services proliferating. are proliferating. >> a wild ride today. dropped 1% to close the day down about .7 of a percent. iranian oil sanctions not having quite the impact that thought.s we'll talk to our bloomberg anaging editor for america's tina, ared commodities the new sanctions going to have an impact? think we've already seen whatever impact there might be. as of friday we knew there were eight waivers. we weren't sure who they were but now we know. ome of the largest buyers of iranian crude and you've also seen a slight change in pompeo t, we heard mike he wants of state say o bring exports to zero from iran.

a.i. is, what constitutes a real a.i.? we have somewhat sidestepped that debate. our argumentys is the importance of the a.i. cosystem means that in many ways, and investment in critical computing capability for critical networking is so foundational and so supportive of what you need within the a.i. ecosystem, it's worth considering that as an a.i. related investment. we haven't tried to split hairs here and say, what is specifically a.i.? what's now the remic investment, it is a meet some criteria. we have chosen not to get into that kind of fine distinction making. we think the categorical book here is important.? we also looked at a.i. adoptions. what did it take? what did that use or want to know or need to know what works for me to have in order to make effective implementation of a.i.? we tried to be to a bit of observing a flurry see it being implement it. imagine the commercial state, machine learning has taken off in a big way. we see a.i. in the financial industry. insurance industry, the advertising industry in a big way. especially online. on the government side, are adjusting terms of self-servi

don't say a.i. a.i. is really exciting, there is a lot happening in the space.only scratched the surface in terms of possibilities. we are also excited about life-sciences, the recent decade or so we've gained a lot of understanding on the science as to how the human body works. from aan opportunity tok reward ratio perspective go in at this particular stage. up to speakould be to his best because you look at both china and southeast asia. the reason you have a hotbed of large tech companies, there is a perception of scale. southeast asia is a little bit smaller than china combined. you have to look at individual countries. the disadvantage to that, you don't get a lot of cross-border -- there are exceptions to the rule. does that change the way you look at southeast asian companies because you look at them through the prism of china investment? jeffrey: china as a market on its own, india has that type of scale as well. southeast asia is the market where it is a little more fragmented. there are countries within southeast asia that have enough scale to support

a.i., every traditional company should either embrace a.i. or someone else will and they'll be out of business. rishaad: the other aspect of the new economy is all the talk about the trade war. you wrote a book called "a.ie it is called. the super powers of a.i. or a.i. as a super power or just a play on china and the united states? >> all of the above. china is actually very strong and self-sufficient in the implementation of a.i. the world's most valuable companies in speech recognition, drones, and also face recognition, computer vision. all chinese companies. the u.s. is strong inner research. but research we're not really into the phase of research anymore. a lot of technologies have been invented. think of today's a.i. as electricity. now everyone is trying to build applianceons top of that electricity and monetize and implement and turn into real business. china is really good at that and has so much data that will fuel the power of a.i. rishaad: where did you get the data from? >> for example, there are a lot of use inners china and they use their mobile phones a lot more. rishaad: also people don't mind so much that data is used in china as elsewhere so a form of conditioning is it not? >> i th

we're also heading to a point where largely because of a.i., my background is in a.i. and i have been head of an a.i. company for 12 years. it's actually going to trigger a lot of not just blue color, but white collar job losses and estimates show close to 50% of the global work force with a.i. and thinking about how to leverage the decentralize the data and the blockchain and create economic incentive where is people can earn an income from the daily activities and from the data they produce is going and that allows us to solve. and finally, coming to our conversations around the environment, there is a lot of interesting work that we're seeing already with different companies that are trying to target environment in general, environment issues across different solution points and i want to go into -- i won't go into anything in detail right now. and we can talk about it in questions or offline, but there is various different models around this. energy, of course s the most common one that we have seen. a lot of companies are decentralize energy and decentralize energy markets and create peer to pe

a.i. ecosystem. you don't have to buy into that framing necessarily, but my question is what do you think needs to happen in the a.i. ecosystem as we defined it or if you have a modification to that, feel free to highlight that, in order for the use of a.ito become something really compelling for people making decisions that yes, this is a use case i want to invest in, i want to implement in my agency, in my command, in my mission area. where do you see, we talked about this startup debt. where do you see the critical elements of that or where would you dispute that framing? >> i would say that question kind of brings me back to almost over four years ago when we first started seeing the lab and it kind of comes to a central question with anyone, whether it's government or commercial customers that have very high consequence emission, which is what is good enough. more specifically or put in a different way, what are you trying to do. i remember one of our first meetin meetings, and i'll rephrase it so you can have the same sort of general confusion the end user did, too. we just released and open sourced one of our first computer vision models and met with a government end user. we walked up to him and said what f-1 score is sufficient

a.i. so we could be on a level playing field. connell: right. >> i get what elon is saying. he is really nervous about the rapid growth of ai. he is open. helped sponsor the open a.i. project. he wants to keep track of it. he wants to make sure we keep pace with it and we don't take our hands off the wheel and a.iontrolling everything but to be honest, that is decades away where we can have any a.i. that could think about a human. connell: he says the idea is decade away. one of those things may sound crazy but definitely worth listening to. he is fascinating to listen to on the subject. finally on mars, did you see the mars thing, like 70% chance he will travel to mars after the recent spacex break throughs saying mars travel, it is not just rich people's escape hatch because it involves high-risk you might die on mars, might get there and not come back, but 70% chance elon musk goes to mars. what do you make of that? >> i'm not surprisessed. elon is interested in us becoming us a multiplanetary species. he always puts his money where his mouth is. he understands the risks, some day we'll be waving good-bye to elon as he heads to mars. even he understands he will not come back. most people go to mars, it is a one-way trip, a $200,000 trip if it happens in his lifetime. the exciting thing he is

a.i. is going to destroy jobs. mark: what's a.i.? >> artificial intelligence, artificial intelligence, machine learning, is going to destroy jobs. everybody believes that. it's nonsense. all such machines enhance human capabilities, and thus, make humans more employable and better jobs and more exciting jobs and safer jobs. mark: and improve lifestyles. >> pardon? mark: and improve lifestyles. >> of course, in a steady expansion is of knowledge and wealth. mark: and, of course, who services these machines? you need engineers, you need mechanics, you need whatever, you need people who develop software. people who develop hardware and so forth and so on. when we come back, i want to ask you something about cryptocosm. this is a big word that has a lot of meaning, and you're telling me, before we came on the program and about what you're saying in your book is google will be one day rather passe, in fact, there's going to be technology that leapfrogs it and facebook and twitter and the rest of them. this is fascinating. >>> ladies and g

a.i. xhe is one of these things so it is to help, to help train our clients, people, to learn the a.i. skills they need for the future. >> 2000 people have taken it signed up, overnight they wanted it badly, it helped people in a variety of different areas get prepared for a.i coursework involved? >> at this a.i. university. >> yeah, it has -- there is a variety as you might imagine fair amount of coding a fair amount understanding algorithms, it is it looks at different applications of a.i., and it has got a lot of tests. >> can older person in the workforce who has been on assembly line learn this now. >> absolutely, absolutely, that is one of the most exciting things about it, right? is that it is not just for younger people, in fact, what we found is our older employees have consumed more learning than our younger employees because they know they need it. the shrinking so skills are less relevant than someone just walked out of school yesterday. >> i know we look at the risks do you see dangers risks for a.i.? i know it is hard to say well, yeah, there are risks but we're not going to change this because this where is the world is goings but there are dangers aren't there? >> -- our experience is that it makes more meaningful jobs, i will give you an ex

a.i. it's not of the rogue a.i. that's independent of us, that's become artificially intelligent. it really should be we're building these hybrid systems of humans and machines that are incredibly complex, that we don't fully understand. so we're all like mickey mouse in the sor serer's apprentice. we have this idea. we got the master spellbook, and we're trying out some smells. a -- spells. and after a while, we find out things aren't turning out as we expected. >> is that because it's sort of algorithm driven too and we lose a bit of the control? >> that's right. i think we have to understand that our society is increasingly algorithm driven and it's not just the tech platforms. it's really across our systems. but tech also gives us the recipe for success. >> you once said that technology is the canary in the coal mine. explain what you meant by that. >> yeah. the point really is that we very often, as we talk about the problems of facebook and twitter today, we act as though it's just facebook and twitter. it's just a problem with tech. and my point is that they are just showing us in a very obvious way what happens when you have these high-speed -- i call them in my book hybrid a.i.s because they're hybrid artificial tensions. massive collections of humans, in the case of facebook, 2 billion humans connected in this network. basically the human intelligence is augmented in some good ways but also amplified in unexpected ways by the algorithms which are being designed. it's a little bit like the early days of flight, you know, when they were trying to figure out how to fly. we're trying to figure out how do you weave, you know, billions of people into this dynamic system? and we have not figured out the equivalent of aeronautics yet. >> can an algorithm be racist? >> absolutely. and that's of course one of the things that we've learned, you know, increasingly as we look at the design of algorithms, the data you feed into them, particularly as we move into a.istyle ago go rhythms which learn from the data. if you feed them biased data, they will come out very biased. that's sort of another version of what we see here on facebook, the fact that the machines can amplify a human bias. >> in other words, by reinforcing what already excites us, the algorithm learns and feeds us more of that, which then reinforces our biases. >> well, in the case of these learning algorithms, you have to understand that, let's say,'s predictive policing algorithm. in that case it's not necessarily dynamic. it's the algorithm is trained by feeding it lots and lots of historic data. it says, well, people of color are likely to commit more crimes. that's because they've been arrested at higher rates for 40 years because of biased policing. if that turns out to be the police, the predictive policing algorithm is going to repeat that process. a white person gets picked up with drugs. they get a slap on the wrist. black person goes to jail. you go go, oh, well, guess w

a.i. component. excited on the stuff on a.i. service. cognitive things. you walk in front of a screen you pay based on your facial recognition. that banks could be nonexistent in the years to come. gisthey edge old enough in, embracing digital technology? shows the disruption. you want your banking to look graphs, there are new offerings. read is into offers that you have. you have a lot of regulation happening now. look at australia and lot of regulatory. bank is all about security and cybersecurity. --se are >> they look for partnerships well.e of big data as one of the benefits of a.ilogy that we have now is access to big data. they seethe through the big data? at your data think what the track is. that's why they look for great partnerships. this syntax companies they are solutions. these solutions need to focus on data. >> okay. 10, 20, 30 years down the road. which will win the banking war? willing win if they doneto understand how they better.make you >> one of the questions is regulation. enough of that as intax started up and closed the banking space? super important. we have been seen from the engaging with relatively drive. sure that the regulation frame on use the technology is banks.o inare part of helping them the process of complying and serving the regulations in countries >> what are you most excited comes to big data? >> this company is bringing on solutions. make decision how they go forward. it's really exciting to have that moving forward. >> biggest risk? isrisk for banks i would say living a traditional world and world that's not existing anymor

a.i. which is a whole thing unto itself. there are people in school right now who are just studying a.i. some reskilling is possible but not for everyone. they rai >> did the president's tariffs make it harder? >> harder for them and more expensive for them. earlier this year gm cut its profit for the year because of that. >> thank you. >>> the photographer who took a picture along the mexico border that appeared on the front pages of newspapers around the world is now sharing the story behind this picture. we tracked down the reuters photographer who took the picture of a mother and two daughters running away from a smoking tear gas canister on sunday near the u.s./mexico border. he noticed the kids were barefoot and in diapers. >> what was it about them that struck you? what was it about them that made you take that picture? >> when i saw the woman and the two girls, i think maybe that can be a story because i had the chance to talk to many migrants. most of them say they want better life and they want to give better future to their children. that's one of the reasons they want to go t

a.i. matches really well? >> one of the things that we've been building, we've been around for 23 years and a.i. is based all on data. and so the combination of that data allows you to do some interesting things. we do both on the candidate side and employer side. it's hard for employers to find matches. they have 45% of employers have open roles. >> candidates, on metric, what percent of applicants, candidates are actually placed through your system? >> from every applicant that comes, we have the highest conversion ratio. so basically you need less applications to convert into an actual hire. maria: what's your sense of the amazon story, comeing with a second headquarters in new york city and northern virginia somebodsuburb.>> it's i think ge the cities. it will have an influx of people moving into the cities. it will put pressure on a tight employer market. it's going to force the conversation around upscaling. we don't have -- we have a labor shortage in america. we have a tall p onl talent gap. companies will have to start investing in employees to get them to where they want to go. >> did it make sense when bezos said we picked two locations instead of one, because we need to attract the best talent. >> 50,000 jobs is a big drop into one city alone. we're at 3.7 unemployment. that's a tough environment to find. 45% of hiring managers have open jobs they don't have the talent to fill. maria: the u.s. news and world report says the top five cities for jobs are houston, chicago, san francisco, new yor new yorkd number one was seattle. >> one of the questions i wanted to ask, we hear a lot about wage increases. are you seeing that actually in your candidates relative to placement and wage opportunities? >> we're starting to see that a lot more. mostly because of the tight market. you're really left with several things. you're either improving your culture, improving your experience or you're increasing wages to help bring candidates over. >> it's interesting that seattle came in number one considering all the conversation, not too long ago, that when they passed the law raising your minimum wage, everybody said jobs are dead in seattle. maria: the competition for jobs and the competition that you said will create around this new amazon headquarters it's only going to be more pressure to push wages up. >> more pressure on wages and pressure on employers to find candidates in different places. talked about the mobile aspect. 70% of candidates are looking for jobs on their mobile device. maria: great to see you coming up, a crude awakening, we're watching the price of oil amid concerns of oversupply and weakening demand. flying high, more incredible video of this jet pack pilots taking off, stay with us. ♪ keep me in mind. ♪ somewhere down the road you might get lonely. ♪ keep me in mind. ♪ and i pray some day that you will love me only. 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(phone) there are currently 3 members in this conference. i like that. i like that too. i would use that in a heartbeat. get started with innovative voice and tv solutions for a low price when you get fast, reliable internet. comcast business. beyond fast. comcast business. and i found out that i'ma from the big toe alian. of that sexy italian boot! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com that's where i feel normal. having an annuity tells me my retirement is protected. learn more at retire your risk dot org. maria: welcome back. good wednesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is wednesday, november 14t november 14th. your top stories right now, 7:3. crude oil headed higher this morning by a fraction. take a look. this after 12 straight days of losses, leading oil into a bear market. oil is down 20% from the highs of recent, down five weeks ago, in five weeks it's lost 20% of its value. it's up a fraction this morning. stocks are lower. take a look at futures indicating -- we have seen a change in the last 20 minutes. the futures indicating an opening higher for the dow, about 25 points higher and the s&p is up 2 points, nasdaq is negative, down 7 points. this after all the indices finished lower yesterday with the exception of the nasdaq which was flat. the dow industrials at the close yesterday down 100 points, the s&p down 4 and the nasdaq was up fractionally. in europe this morning as you can see here, we have a mixed story, fq100 up 14 points, cac is down 10 and the dax index in germany down about 5. asian markets mostly lower overnight with the exception of japan, senator bill nelson's campaign is doubling down on the florida recount in the race against rick scott. we have the latest out of florida this morning. ipo, snap says the justice department and securities and exchange commission have subpoenaed the social media company over the ipo plans. details coming up. underground gold, we'll show you the company that is banking on a comeback for luxury underground shelters, it's doubling as a wine cellar. jet pack fliers leap over another hurdle to become true kings of the schism we'll tell you about it -- kings of sky. we'll tell you about it coming up. the price of oil has been down for 12 straight days. concerns of oversupply and weakening demand hurting the market. joining us right now is fox business contributor phil flynn. good to see you this morning. what's behind the selloff in oil? >> this is one of the most epic collapses we've ever seen in the history of oil. a lot of it is based on fear. fear that we're going to see a major slowdown in the economy and maybe fearful that the world is going into a major recession. we talk a little bit about oversupply, maria. and really the market isn't that oversupplied the way it is right now. it's very slightly above average. but the concern is is that the economy is getting bleak and the selloff is signaling something ominous. and that supplies could collapse in the future. i want to see oil prices stabilize because if it continues to fall the way it is, it can have ramifications across the entire marketplace that oil may be the canary in the coal mine, signaling a major recession and that's not good. maria: oil is a good indicater in terms of growth, right? if you're seeing shipping levels slow down, seeing activity in business he slow down, you see let demand for oil. do you believe the selloff is indicating lower demand for oil? >> i think it's fear that it is and it's possible. the fear index on oil came out at 55, the highest level in two years. sometimes when you see that fear level get so high, it's over-stated a little bit. but if we don't see stability today, if we continue to see these prices fall, historically when we've seen that happen before it's always indicated a major slowdown in the economy. maria: there is that oversupply story which you've been mentioning this morning. >> production last week was 11.6 million barrels that the u.s. is producing and then that matches with saudi arabia and russia is doing, so that's what you just talked about with oversupply. you're saying you don't see that longer term? >> well, this is the thing. i mean, we've done amazing things with oil production. we're producing more oil than we ever thought we could. there's a concern that if prices continue to fall, we're going to have to lower that outlook. u.s. shale producers right now are going to not be able to produce at the levels they are, at these prices. even at $70, 15 out of the top 20 shale producers were losing money and now when prices fall like this, their cash flow basically disappears and so some of the increases that we've seen may start to slow. i heard one producer say the last place you're going to had hear the pig squeal is in the permian basin. but in some of these other basins where we've seen incredible increases in production, like the back ken and some of -- bakken and some of the other formations, they'll have to start pulling back that could hurt production in the long run. >> you mentioned that this drop in aisle prices could be -- in oil price coughs be a fear of a re-session. is that something that you could see around the corner or is irrational? >> i think it's a little bit irrational right now. obviously we're in the longer end of the bull cycle. there are concerns. i think you have to take oil prices somewhat seriously, he though. because they have signaled a lot of the upcoming recessions that we've seen. in 2008 of course when prices collapsed, it was really signaling ominous signs about the global economy. and i know a lot of times people blame speculators for running prices up, running down. i think blaming the speculators sometimes about the price of oil is like blaming the weather man for the weather. sometimes they're right. sometimes they're wrong. if the hurricane -- if the weather guys tell you hey, there's a hurricane coming, you better pay attention. maria: phil, great insights from you as always. thank you. >> thank you. maria: the ballot chaos in florida is heating up. in palm beach county the recount is being delayed by overheating of machines. in broward county, the supervisor of elections, brenda snipes, says they will make tomorrow's deadline and address her own future. >> we won't mistake deadline. it's too critical. we won't miss it. all the emphasis, all the focus is on me. i have a great staff who takes on any task and their job is to get it done. regardless to whether i'm here or someone else is here, there is an excellent foundation to this office. maria: joining us right now is fox news senior judicious analyst, judge andrew napolitano. i can't believe what's going on in florida. >> if you look back at 2000, it's almost a pattern of behavior, a pattern of incompetence. maria: why can't they get it done on time? >> it's the government. they have no competition. they have guaranteed clientele, guaranteed income, it's a recipe for failure in this particular case. you have two different philosophies. have you the philosophy of the goal is to count the ballots under the law within the time period provided. maria: that's what i'd like to see. >> that's the way the law reads. maria: that's how much of the country does it. >> and the republican argument. the other argument is the goal is to get everybody's vote in there and what difference does it make if it takes few more days. in order to do this latter, you need the intervention of judges because of the way the law is written and that's why judges who in florida are popularly elected and are political partisan as opposed to lifetime appointments and removed from politics. it's almost which judge did you end up with is going to determine whether or not you can extend the deadline or the deadline won't be extended. so in a state where the judiciary is an extension of politics as opposed to a mature, neutral, intellectual interpretation of the law and the constitution, the luck of the draw determines the outcome. >> even counties that had to deal with the hurricane got it together, right? >> yes. maria: exactly. >> in the case of dr. snipes, a democrademocrat appointed by jeh -- maria: he's asked her to step down. >> asked her to step down, reelected four times. i don't think she has the budget or the resources to get this done in a timely manner. that's the case, -- if that's the case, it's not her fault. >> there have been changes, right, in the past 18 years? >> i gave this example to charles payne last night. let's say i'm a voter and i register as andrew p. napolitano. >> the p. is there but i don't use the p. at the time that i actually sign by absentee ballot. they know it's me. the signatures are not a perfect match. should they accept or reject that. the law says reject it. the rational view is it's obviously the same person, let him vote. >> judge, are people getting carried away? in the history of recounts, we have never seen a rye count in any state -- recount in any state where somebody who is lagging in tens of thousands of votes ultimately lost. these people are going to win, are they not. maria: who is going to win? >> scott and de santis. maria: that's not what happened in arizona. >> arizona was not a recount. maria: it was real close. >> the history of recounts, it's an argument that governor scott's been making quite prudently, it's a prudent argument, maybe falling on deaf ears, the history of recount is the person ahead at the beginning of recount ends up winning. recounts rarely change the outcome. what we learned from 2000 -- i'm smiling because a lot of us cut our teeth on the 2000 case. we were working seven hours a day, 18 hours a day to address the issue. elections are to produce a fair result, not a perfect result. as long as it is clear that the person who wins was intended to win by a majority of the lawful ballots, that's a fair and just outcome. that determination should not be made by judges. should be made by judges only in the most extreme of cases. i don't think this is going to be over. i think the next time i'm here with you she'll want to be talking about it. maria: she said she will make the deadline in broward county. >> does anybody believe that? maria: that's tomorrow. we'll see. >> i'm from the government. i'm here to help you. [ laughter ] maria: there's more bureaucracy. coming up, snap is under scrutiny, why the justice department and the s.e.c. reportedly subpoenaed the social media company on its ipo. shelters double as wine cellars and nightclubs for your home. details coming up. ♪ everything, everything will be just fine. ♪ everything, everything will be all right, all right. maria: welcome back. a possible breakthrough in withdrawal greening agreement wean the u.k. and the e.u. lauren simonetti has the details. lauren: e.u. and u.k. negotiatings reached a preliminary deal on a plan that takes great britain out of the european union. the prime minister will take the plan to the cabinet today. it remains to be seen whether the skeptical ministers and britain's parliament will sign off on the agreement. the u.k. faces severe economic disruptions if a final deal is not rad fide by march 2 -- ratified by march 29th. snap said it received subpoenas and requests for information from the justice department and securities and exchange commission. shares of snap sliding 4% right now, 4.6% in premarket trading, reel laters -- regulators investigating allegations that snap did not make proper disslow disclosures to investors related to the ipo. the same issues previously came up in a class action lawsuit. snapchat is selling bi bitmoji merchandise. users can buy a mug or clothing with a cartoon version of yourself on it. you can buy a friend's personalizepersonalized avatar . there's a new feature called bitmoji stories. and this, a team of adrenaline junkies flying with jet packs has done something no one else ever have. pilots performed a ground take-off. basically they take to the air from a helicopter or plane but this time they took things a step further by setting up launch platforms in the mountains where they can build up enough speed to use the jet packs. crazy stunts, they're captured in a documentary called "loft, the jetman's story" you can see them zooming through radio ravid narrow passes. scary stuff. i count try it. maria: coming up, the big business of underground shelters, a behind the scenes look at infrastructures that double as wine cellars and cinemas, but the point is to have shelters. back in a minute. ♪ you be my sunny days. ♪ i'll be your shade tree. ♪ you be me hone honey suckle, l be your honey bee. you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. if you're waiting patiently for a liver transplant, it could cost you your life. it's time to get out of line with upmc. at upmc, living-donor transplants put you first. so you don't die waiting. upmc does more living-donor liver transplants than any other center in the nation. find out more and get out of line today. maria: underground shelters making a comeback. one company taking it to the next level, atlas survival shelters. they design bunkers that offer all the comforts of your home. they also double as luck hideou. they have an answer to every disaster. joining us right now is ron hubbard. thank you for joining us here. we want to see the shelter many tell us about them. >> good morning, maria. which shelter would you like for me to talk about? i have so many types. the one behind me right now is a military style corrugated pipe shelter that buries underneath the ground. it's been around for 70 years. maria: the one you're in right now, we can see a bit of it. that is tunnels underneath your house? >> the one that goes underneath the house is called the atlas safe cellar. this is where our business is heading. we've created a line of shelters that when you build the house, the shelter goes into the foundation first. but this particular shelter is a multifunctional space. it can be used as a wine cellar, a gun room, a panic room, storage. everything that's going on in the news right now, my shelters seem to be an answer. i was watching nbc news with lester holt the other night. the first story he covered was the california wildfires. i'm thinking the answer to a lot of these people, it's not the solution, but it's an answer, is to have one of my fire shelters underneath the house. i have fire shelters both for objects like your valuables and your pictures and everything but i also have shelters for people that go inside them. then the next story on the news was the shooting in thousand oaks. i'm sitting there thinking, if these businesses and people would have safe rooms that people would be able to run into the safe room and then the last thing on the news segment was north korea. i'm sitting there thinking good god is this news segment talking to me. i'm think the answer to north korea, not the solution, is to have fallout shelter shelters. maria: do you think business has gone up because of this, people are afraid of disasters so they need shelters. how is business and what are you seeing as the reason somebody would want the shelte shell benh their house? >> i'm creating a whole new industry. the type of shelter i've come out with, the nato series, didn't exist until two years ago. we saw that a lot of people that wanted shelters couldn't afford them. seemed like the people that were buying the shelters are the billionaires and the multimillionaires and so many people came to me said do you have anything for under $25,000. and it didn't exist because the air system alone could cost as much as $20,000. so we set out, we started engineering and we created a shelter including the air system that would go underneath the house, starting at $25,000. because that seemed to be the sweet spot for people. now we've convinced home builders to go ahead and incorporate these shelters into the body of the houses. so this is going to be the future moving forward. you're going to see more and more high end homes and spec houses being built with a shelter underneath the house but people like you would turn spite a wine cellar or turn it into an office and people in texas might turn it into a gun room or just a big giant vault. the people in california will use it for their -- for a fire room. maria: we have pictures, i guess we sent cameras to some of the shelters which double as a wine cellar and double as a nightclub. are you seeing increase in business right now? that's the status of the business? what's the reason to have this shelter? how much is it? >> business on a global skas scale has been increasing year over year. in the last year since we came out with the nato series, we have received over 700 dealer applications from around the world including about 50 countries. people see that the climate in the world is changing. this is going to be the new normal. >> what home builders are you working with? >> business is definitely increasing. what home builders? >> yes. >> one thing i did, we partnered up with one of the largest home design engineer firms in the state of texas that does about 15,000 houses a year. i met him at the builder show. he saw my product and he's like you know what, we need to get together now because i can see that this idea is going to catch on. so as far as name brands, it's all the top name brands. i just don't want to start spitting out their names. maria: all right. ron, we'll be watching. thank you so much. ron hubbard joining us there. monopoly for millennials, details on the new game encouraging players to rack up experiences instead of real estate, that's next, right here, "mornings with maria." ♪ my girl my girl. ♪ talking about my girl. ♪ my girl. 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( ♪ ) the new 2019 ford edge. maria: welcome back. good wednesday morning thanks so smofrp for joining us. i am maria bartiromo. it is wednesday, november 14 top stories right now 8:00 a.m. on the east coast. macy's earnings any moment a look at state of the consumer macy's numbers already we saw home depot, do very well this week, the numbers about to hit the tape expecting 14 cents a share earnings, on revenue 5.4 billion dollars, as those numbers come in, we will bring them to you the stock up almost 5%, right now. crude oil collapse oil prices plunging 7% yesterday sharpest deadline three years prices are at 56 dollars 5 cents a barrel up a fraction. futures have been sketching for direction this morning take a look where we might see this market open in about an hour half with dow industrials up 9 points subpoena amazon where it closed yesterday, nasdaq is down 14 points right now, this after a tough day again dow down third session in a row s&p, nasdaq near the flatline, as you can see, but at the closest dow industrials down another 100 points yesterday. in europe this morning, issue markets are mixed, ft 100 up cac quarante dax index lower all fractional moves in asia overnight markets finished most lower exception of japan, up a fraction. california, in crisis, of course, the death toll has risen from wildfires the national guard is stepping in, to search for those missing people, interior secretary zinke visiting the fire zone today there are questions for boeing the federal aviation administration, looking into the jet maker safety analysis, boeing ceo dennis muilenburg telling me that he is assuring us safety is top priority. >> bottom line here is the 737 max is safe, the safety is a core value for us at boeing always has been we ensure that our airplanes are safe. >> more highlights from exclusive interview coming up macy's earnings hitting the tape better than expected, 27 cents a share, for the quarter, for macy's versus estimate 14 cents a share, as you can see, the stock is up about 3%, revenue in line, 5.40 billion versus estimate of 5.40 billion the stock was up 4 1/2% into numbers looks like that is exactly where we are, right now we are taking a look at macy's earnings, and beat for the quarter coming up, this morning, it is election day for congress, republican lawmakers are voting for their leadership today, on republican side kevin mccarr thee seek to go keep hole role at the top looks like that will happen later today all those coming up wednesday morning joining me to break it down fox business network deirdre bolten former home depot ceo chrysler ceo nardelli forbes.com senior political contributor i thinker here thank you for joining us macy's beat home depot did very well, your thoughts. >> that is great, i am glad to see macy's do well nice recovery in where they were i think, bodes well for the strength of the consumer, retail don't you think i mean a good sign. >> stock is up about 3% right now as you can see, deirdre this is important, because we are waiting to see if in fact we see growth slowdown on the horizon. >> we are waiting for that,, of course, consumer spending fuels two thirds of our economy, we are watching season particularly closely up to holidays talking about cheaper oil that means cheaper gasoline what effect next -- >> joining us the conversation is strategic research group managing director butter, good to see you this morning. >> great to see you you and deirdre two of the brightest minds broadcast -- working across all countries -- and, macy's, is now an international brand maria, seventh largest retailer online worldwide tremendous dream team of -- jeff, tony blooming dale's bob, home depot mays yoo's star rewarding program clicking all cylinders capitalizing collapse of a number of leading competitors deirdre referenced consumer spending macy's better brands products, better locations, and even with the tragedies reported in california will be very strong season for macy's santa claus more pervasive at macy's this year parade, macy position has tremendous momentum. >> raising guidance as well. >> yeah. >> for the year, in terms of what they are expecting, but the stock is really volatile this morning, it was up 4% now basically flat, what -- what are investors react to go. >> -- investors are running for the hills retail that said, macy's one of the few good buys in retail particularly look at -- "mornings with maria" reporting all-time highs in price burlington ross tjx, macy's with off price initiatives, last call, macy's backstage just starting off price so going to win on full line going to win online, win with off price, stock one of the few really good values in retail today. >> what do we do those that are average investors? you talked about retail market you talk about -- where should you know what advice would you give us where should we park our money? with that 401(k)s we have had a bounce out of equity market you hate to give it a away what should we do. >> i agree -- >> great questions bob, the key things saifb harbors when times get tougher is always with food, cornell university he professor early taught us that sprouts, symbol smf safe harbor that looks good in off price burlington, even alley's off price done well throughout your career maximal effect where you can multiply to international the off price players, tjx, ross all have those opportunities to grow. >> even with good numbers, i am wondering if investors are react to go all the investment that the company has been doing in terms of investing in a lot of things that you mentioned. >> there is. >> are therel their costs going up. >> they are investing not factorying in the rebound brilliant of the sort of side of series back to macy's arthur martin from saks bob mettler, williams completely saved sears turned around 90s 5 1/2-billion-dollar business macy's getting many analysts never run anything never done anything don't understand, the history the detail rhythm that is going to transition to macy's buys cost liquidations stay on mart struggling penny struggling macy's primary beneficiary to bob's point nonreflected in the stock. >> you made the point macy's moved to better products brands upscale market as we await walmart tomorrow are we in a situation where upscale is more profitable business than the lower. >> upscale more profoundly as maria deirdre reported earlier with oil rolling over a little bit, big part of the spending is the russian and arabian petro oil sheiks going to get a way cities in u.s. worldwide for luxury, paris came up golden week fashion week good not muted look at stock, some of the luxury retailers not as strong luxury good walmart from family management rob professional management doug mcmillan walmart should be strong with toys "r" us, or target capitalizing toys toys bankruptcy, thank you. >> toys "r" us. >> a shiem to see toys "r" us go away could shop online, target you lose experience exhilaration thrill of making the trip wanderer the isil a big miss. >> big question fourth quarter what are you expecting. >> christmas holiday shopping season. >> fourth quarter not up a or some predicted probably not four national retrial federation close-ups probably 3.2, 3 340i7b9. >> 3.2 sales. >> 3.2 sales break trillion for the first time bob bringing up key points macy's full line of lego, mattel, learning board games, none of the traeflz capitalized on that opportunity bob is -- >> key point, too, is the bankruptcy judges law firms keith phillips judge for toys "r" us that is commercial organized crime by letting the bankruptcy firms loot and gut companies toys "r" us should be viable today you look what bob is doing with food retailers. >> talking about with amazon right and two new headquarters what does that i mean starting to sell clothes now i know how that is tracking, people still like to try things on like to see things in person. will amazon threaten macy's even for ladies wear. >> amazon will -- will threaten but they still to your point don't hit don't have bricks-and-mortar stores nordstrom.com same mistake by having part shoes moving people the nordstrom people like to buy macy'.com return or combination only any channel key things government give aways accelerating retail ice age between waltons walmart bezos amazon, getting government giveaways paying low to no taxes to put retailers that pay all taxes sales tax full-time jobs with pension plan living wages, laying waste to roman empires of he trailering economically not fair. >> facing scrutiny over decision to open in new york city, virginia did amazon make a mistake with this? is that validity to the fact getting all tax breaks? or can you look at this as a long term situation, where they are going to create all these jobs. >> -- no -- no validity maria because you look at a company, whose annual quarterly sale growth is bigger than entire size of macy's largest department the other chain to give bezos the giveaways creates uneconomic playing field then amazon geodemographic situation according to our people, major mistake because you have population density, and commercial difficulties. >> you are saying given too much. >> given too much. >> agreeing with critics. >> yeah, and the locations. where so many away absurd cpac pacific northwest you can't move from transportation standpoint, and you look at what this administration has done in new york city, the equivalent of a boa constrictor choking off business transportation, so jolistically doesn't make sense here, logistically doesn't make sense government a boa constrictor to the business the southern cities, whether charlotte nashville -- and scouting carolina good poisons ditto texas, so no government giveaways sunbelt would have been much better decision logistically. >> you agree. >> i do but interesting point of research something bob said you miss experimental experience, shopping at toys "r" us we learned that when men come with children people like and i we will go up and down the aisles because men get bigger we don't mature women come with kids what do you think they say? what you want. >> let's go. >> let's go. >> that is why it is -- to internet. >> -- story -- >> and, point jeffrey giraffe mainly kudos to kroger bringing in jeffrey giraffe to kroger stores --. >> why localities give to amazon not to macy's others why is amazon so wanted everybody was competing for this company to put second headquarters there. >> bob will tell you none of these people have run a registers department or store take macy's take ibm other great pepsico great new york state corporate citizens for granted, then give money away to other competitors, to put the instate corporations out of business, this is a this is a chicken bone in my throat for years you know we are he opening new store every 48 hours opened 1,000 stores didn't get incentives, and almost like they if you are there they take i for granted, as opposed to taking to track motive retain put billions of dollars on the containable. >> very important. >> thank you so much for being here. >> coming up next right after this short break california in crisis going to take you this live dedicates on deadly wildfires about national guard stepped in to search-and-rescue. back in a minute. a good place to start is with an independent registered investment advisor. as fiduciaries, they live by a simple rule: always act in the best interests of their clients. that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away. taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a 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jonathan good morning to you. reporter: good morning, maria here in southern california, and in the north where the camp fire has been so deadly firefighters are getting a grip on the flames and up north in particular. it is now becoming a grim search for bodies. the reason so many died up there it seems that is there wasn't time to evacuate the flames just moved so quickly. listen here. >> it happened so quickly you know we trained for this dwor years and years and years knew paradise would burn is it going to burn just matter of time you know, when will it burn how bad will it burn this is beyond you know any -- any comprehension. >> down we are getting a look at really interesting satellite images, from a company called geoa suspicious intelligence helps insurance companies process claims before and after pictures area of thousand oaks outside l.a. a fascinating to look at disturbing to look at maria. as a sign that we're not out of the woods yet another fire sparked up overnight about 55 miles east of downtown l.a. firefighters are getting a grip on that it doesn't look as though threatening too many homes this point but a sign that these firefighters still have a long way to go, and long way to go, through this fire season. maria, back to you. >> thank you. we come back as news develops in malibu california, this morning. coming up future of the gop leadership congressman ken mccarthy likely to be elected republicans minority leader tonight closer look at vote coming up you crews woingdz price of oil concerns oversupply weakening demand a bounce this morning after another 7% he sell-off yesterday, back in a minute. >> on my big tractor we can go slow make it go faster, through the woods, through fas, as long as i am with you, really don't matter ♪ [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi 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concerns for the company the federal aviation administration, is reviewing safety analysis on 737 max jets "wall street journal" reports the faa also wants information, boeing distributed to the airlines and pilots about that model after the lie onl air jet crash in indonesia killed 189 on boert part of overly investigation into the crash, in that exclusive interview with me yesterday dennis muilenburg says the plane is safe. >> obviously i know you are answering lots of questions this morning and this week, after this horrific crash, and you are going to get more information what would be timing on that when do you examine to hear from faa on this. >> this is ongoing investigation will take whatever time is necessary to make sure it is dothoroughly we participate fully we provided technical assistance we will continue to do that until work is complete bloom 737 max safe. >> benefiting from boom in aerospace travel says that aerospace business is vital to the u.s. economy. >> on 737 has been a cash cow, for your business, this is a very important business, there were headwinds in the supply chain in terms of of the 737 which i want to ask about tell us how business is right now commercial openers has been driving the stock up for several years right now. >> aerospace is a tremendous growth business we look next 10 years 8.1 trillion-dollar marketplace passenger traffic growing 6 to 7% per year, sustained. the world needs 43,000 new commercial airplanes necessary 20 years part 737 as we ramped to up 52 a month this year, we will produce 57 a month next year, we have had supply chain challenges as you pointing out as we have gen growing but, we are moving to recovery just announced, delivery numbers for october, yearly this morning we delivered 43 737s october all-time record for october. we are continuing to march smartly to recovery plan, expect to meet our year end targets for deliveries, this year. for the first time we will deliver more than 800 commercial airplanes, by end of the decade here delivering more than 900 airplanes a year, so you can see the tremendous growth here. >> boeing growth story is largely about china, in the future the stock is down this morning object faa concerns but, you know, bob we talked a bit about this boom in airline traffic, and the fact the chinese when you look at asia there are billions of people never been on plane don't have passports, so this is sort of the growth expectation of this company but this faa investigation could change a lot. >> i mean i think we have to i can take it very serious as he is, i think he expressed a lot of concern going to participate, be very open canadian boeing always is, i think the opportunity for growth in china is not so much transcontinental but with. >> asia. >> in asia, when you think about building 52 to 57 air frames a month, that is a massive undertaking for a company like boeing to successfully push those air frames out to meet needs of the consumers out there. >> what is the downside risk here when you look at this faa investigation, if they are found liable, that could be billions in lawsuits. >> it could be could it be, i think that let's wait and see i think there's issues concern being suppressed over pilot training may be lack thereof notification there may be attempt to put more safety devices into plane, so that if it starting to climb too much, that the system overtakes to avoid stallout we have to see how this plays out maria those lawsuits are coming, by the way, whether found to be responsible or not. >> just a question of whether or not they wouldn't lose lawsuits. >> good point a short break going to take a break then come back we've got the consumer price index out on the other side of this break we are going to check on inflation then it is world diabetes day taking a look at technology helps patients fight this disease that is next. a business owner always goes beyond what people expect. that's why we built the nation's 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wednesday, november 14 top stories right now 8:30 a.m. on the east coast. >> waiting for consumer prices for october the number cpi up 3/10 of a percent in line with expectations, the expectation year ever o year up 2 1/2% so far we get october up 3/10 of a percent no change in terms of the expectation it is right in line, markets higher this morning, oil, of course, an issue but futures expecting to be up start of trading oil up this morning, after 12 days of losses leading commodity into bear market markets picked up steam after number released cpi in line with estimates 3/10 and year and a year up 2 1/2% dow industrials high 77 points s&p 500 up nine nasdaq up 20 points, looks like, the markets are reacting to this cpi on heels of a pci above expectations a week ago, we have producer price index up 6/10 of a percent last week up 2.9% year-over-year check europe a follow-through european indices are mixed ft 100 highs of the morning up 19 points quarterly of a percent cac quarante lower by a fraction, the dax in germany up 30 points quarter of a percent higher as welcome here too looking at pickup in markets, and highs of the morning. asian markets mostly lower overnight with the exception of japan up a fraction. and macy's reports earnings this morning retailer with earnings above expectations, revenue in line with estimates, the earnings above estimates stock is up 1% on macy's defending border secretary defense mattis headed to texas to visit troops on mexico border first wave of the migrate caravan arrives at u.s. border intelligent check up use apple watch to keep in the pink, for diabetes a winner month coming up stay with us for that, breaking news cpi october hit wires up 3/10 of a percent 2 1/2% year-over-year deirdre with reaction. >> exactly as you called it futures going higher not surprised at all that markets rick rick this northbound tighter labor market could have begun to be worried is there overheating, we know former fed chairman alan greenspan made comments, that he sees early signs of facing so tame number not surprised to see green on screens. >> apparently gas prices big part of this. >> yeah. >> i agree, i mean this is i think this shows a number that there is a massive concern overinflation. i think if you he mentioned the ppi, that would be expected at 2.9 maria i think you are starting to see supply chain price increases tariffs so forth it may be has not rolled all the way through thought consumer but your point earlier deirdre on oil down, fuel prices down that is discretionary spending for the consumer. >> today not going to he worry about fed increasing -- >> business is the largest gain in nine months, and you know the worry has been, that input costs are going up for companies. >> deirdre hit on a point really the most important to me, i like the number mainly because i hate when we use the nominal for wage increases looks greatly you go to the actual number you see inflation everything emission ruined it a lower inflation numbers means nominal number means more wages may be really are going up for workers great news. >> great news that was first time in 10 years we got that report about a week ago 3.1% increase, and that really affects a lot of unskilled labor, which those are people that when they pay less at pump they are buying more they have more. >> some people would like the federal reserve to take their foot off the accelerate at this point robert kaplan joining us this week, but the fed if focused on inflation, you don't have a lot of it. >> not today in terms of justification for raising rates. >> i will complain that those wage numbers in the economy that we are in should even be higher. >> we heard earlier maybe december rate increase maybe don't he do come off a little bit. >> indicated three rehikes coming 2019 we are expecting a fourth this year, in december. >> december. >> next month it is election day, in congress, republican luminaries are voting today, for leadership that vote tonight blake burman at white house with more, blake looks like kevin mccarthy will be next minority leader. reporter: maria, yeah, good morning to you prevailing thought house republicansr expected to announce their leadership team later today, kevin mccarthy is expected to become next minority leader, though some more conservative members within the republican party especially members of the house freedom caucus are putting support behind jim jordan if mccarthy wins which is expected would become second most prominent republican on capitol hill but not everyone within his party is enthused. >> yeah i think kevin will the rest of our don't even appear to be con testing should be pretty -- >> you tend -- the majority. >> o i do. >> i don't want to keep doing the same dumb things we are doing loss races. >> 50 days until january 3 vote for speaker takes place different equation if nancy pelosi will need 218 votes then to regain speakership, democrats most likely control 233 seats meaning, at that point she could only lose 15 democrats a new batch first time members posed biggest threat to pelosi, yesterday congressman elect ocasio-cortez led a protest inside pelosi capitol hill office across washington last couple days, pelosi has been spotted holding events as well trying to shore up support among new members, as she can only likely lose 15 or so on january 3rd. >> thanks so much blake burman white house this morning deirdre when are we going to see in congress in your view. >> i am still going with the bigger picture right in the house we know we've this kind of gridlock situation, i am just focused on the markets, we still have obviously the republican president, in the white house, for the past 50 -- >> veto pen ready. >> for past 50 years bodes well for investors this is where my head is. >> i think you are right market rallied day after midterms no real hurtful legacy is going to come to change the -- trajectory. >> this is what we are going to look like next three years. >> amazing market reacted up over 600 points went from it was based on certainty, of uncertainty in congress. >> yeah. >> just -- >> [laughter] >> since midterms markets down since midterms even though you divided have an initial pretty good response. >> it is not because of that, the markets have always will always love that potential for gridlock in washington, and boy have we got that potential for gridlock in washington markets are fine the politics is another story. what we can expect. i will throw in as the democrat here i am very much hoping that my party doesn't get too carried way with subpoenas and investigations, i acknowledge they are oversight responsibilities, but actually like to win -- >> this is a really important point you make because we have heard the plans, they want to do investigation about donald trump tax returns want to go investigation about -- the president's perhaps doing whatever he was doing with russia, according to them even though zero evidence that have that may very well at the end of the day help president trump with reelection 2020. >> if they overdo this will hurt them. >> kooky image of subpoena canon you talk about a futureure canon out of left field but going to annoy a lot of independents a lot of people very moderate say can't government -- with our money. >> -- who -- who do you want as speaker. >> o doesn't matter who i want we all know who speaker is going to be. >> you don't want nancy pelosi do you. >> personally in my friend tim ryan would have been the right choice, however nancy pelosi will be speaker. >> i spoke with house democratic congressman john garamendi earlier what he said about support for nancy pelosi as speaker as well. >> does that mean you are going to vote for nancy pelosi. >> yes, i am absolutely, i am i have known her about 35 years, she is a remarkable woman she knows the congress better than anybody else, knows how to get policies done you take a look at major policies occurred over last decade she has been there to make it happen. those are things that the american public want, so, yes, she will get elected tim is a great person, but right now, in i talked to probably more than 200 to well 150 members yesterday many new people there really is nobody that stepped forward put themselves up as a candidate. >> it looks like pelosi has this locked up even though there is some -- some pushback, would tim ryan at this point say okay i'm going to leave the house speakership alone, and run for president to 20 -- >> if i am. >> i know he wants to run for president. >> of school on podcast he said it done with running for speakership i actually disagreed with him, on that point, tim is the congressman from my hometown we have known each other a long time he does want to run for president. >> i don't think he has a shot of getting the nomination only because the party has launched so far to the left. >> one thing. >> vice president. >> you think vice president? >> one thing i will tell you in democratic party has any brains, they will pick somebody from the midwest to put either at top or second position on that ticket, we no longer need 05 straight strategy we need 8 state strategy if we continue get midwest we continue to lose. >> how do dems lose midwest. >> we got so -- >> midwest. >> we forgot about we got so he involved in very good lofty goals to some social issues glad we did. >> midterms began to change that there were pockets of strength. >> we forget american worker we need to bring them back they all went to donald trump. >> they did now even unions are there, with donald trump even though don't want to admit general electric selling stake in oil services baker hues we knew was coming kristina partsinevelos on the floor of new york stock exchange tough day for ge yesterday. >> very well yesterday this morning market trading a little bit flat when a we have seen ceo yesterday said they need to deleverage infusion of cash going to sell part of seat in baker hughes going to bring seat to a little bit above 50% you are seeing stock a little bit higher today overall company has a industrializing power business dividend about slash to a penny investigation into accounting practices, last but not alleviate bonds for ge falling over 2% yesterday but speaking of losing money i got to get to this completely different taup new game coming from hasbro, the game is titled monopoly for millennials tagline i think very important, coming from millennial right now, you deserve a break from the rat race so difference between this monopoly game and previous ones we played in the past is that millennials don't have enough money to apply property let's buy experiences weekend away in music concert or meditating a weekend yes, the pieces do include a #because that is so important. there you have it from millennial game so it would out you can tell i am enthusiastic can't you. maria: you are a millennial would you prefer experiences over property. >> well, i guess maybe i have traveled quite a bit own no property here i am just this area. >> all right. we will watch markets with you on the floor this morning, markets expected to open up a hundred points dow industrials. >> i heard monopoly game said -- put a cry room in [laughter]. >> what about a coloring book? >> that is right, coming up technology health care telling but newest apple watch helping those were type one diabetes next right here. ♪ ♪ ♪ ohh♪ our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. 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( ♪ ) the new 2019 ford edge. pai'm open to that.medicare? lower premiums? extra benefits? it's open enrollment. time to open the laptop... ...and compare medicare health plans. why? because plans change, so can your health needs. so, be open-minded. look at everything - like prescription drug plans... oh, and medicare advantage plans from private insurers. use the tools at medicare.gov or call 1-800-medicare. open to something better? start today. open enrollment ends december 7th. each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. maria: big decline in price of oil last 12 sessions already affecting gas stations across the country joining us right now hostility of "varney & company" stuart varney to weigh in stu, oil this morning, up 1% we are talking a 20% sell-off in five weeks. >> yeah, i am talking about gas. the price thereof, at your local station. maria we have found 10 gas stations where the prices already below $2 a gallon, i got one, two, three, four investigations new orleans gentile louisiana 1.89 another 1.93, .97,.99 faster than i expected prices tumbling below $2 a gallon i don't see anything to stop national average from falling further it is 2.67 i think it is going to come down to national average maybe 2.50 relatively quickly, i think that is a huge shot in the arm, small businesses, the overall economy,s consumer spending fourth quarter, i think this is very, very positive news it is happening much faster than most people expected. >> right in time for the holiday shopping season stu. >> right. >> where we are expecting very good quarter deirdre you said earlier. >> talking about the -- pump means spend more whatever it is toys, clothes should be healthy fourth quarter. >> all worries about growth stuart you are about to enter a period where you are going to see increase in shopping, spending. >> exactly i think a slot in the arm for the overall economy. i know i am not going to try to protect what q4 number will be but has to be north of 3.5%, if not north of 4%, what lives in hope i think we will get there. >> see you he 10 minutes i know you have a lot more "varney & company" top of the hour after "mornings with maria" join stuart, with his always fantastic lineup, when you were running home depot you focused on oil a lot in terms of what it might maintain for consumer send spending. >> interesting you are talking a lot about gasoline prices with stuart, this is counter -- counter cyclical usually in holidays pump goes up this is really, an interesting transition point where you can have a lot mo discretionary funds at retail. >> something you are going to like innovation in health care newest apple watch could save your life after this break. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. it's a revolution in sleep. the new sleep number 360 smart beds are on sale now during sleep number's veterans day sale. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to put your pedal to the metal. it's the final days of our veterans day sale where the queen sleep number 360 c4 smart bed is only $1299 - save $400. plus, 24-month financing on all beds. ends sunday. sleep number. proven, quality sleep >> welcome back about november marks diabetes awareness month according to centers for disease control, more than 30 million adult americans have chronic disease diabetes with one in four, not realizing they have it joining us for preventing tips dr.. >> dr. "mik" thank you for joining us dr. "mik" kicking off with you what signs should people look for, especially in children, when looking for diabetes. >> look diabetes is a very serious illness attacks quality and quality of rife quality because leads to blindness, limb amputation, quantity of life 7th leading cause of death in united states probably underrepresented if you take into consideration most heart attacks strokes have diabetes playing a role things i ask patients to be on the lookout for increased thirst and you're ination. >> poor wound healing numbness in hands and feet weird fatigue a lot of illness present with fatigue if you have symptoms go to doctor have that conversation if you want to be better proactive go for your annual screenings. >> things have gotten better, it is diabetes awareness month we have learned a lot about our diets about what leads to diabetes heart disease, we have changed our behavior in that regard. >> we have learned a lot, how much. >> -- unfortunately we haven't. >> some of us. >> proactive ones have my job as family medicine doctor to get more people educated and proactive, so what i do i try to influence patients to make right decisions means eating healthy exercising, using tech gadgets to help along the way. >> talk about gadgets, because you want to look at apple watch series four apple made healthy breakthroughs can heb diabetes patients tell us about it. >> sensors better good morning to you talking about also, you know we thought me might see latest generation on september 21st that apple could indeed offer some sort of none invasive defects glucose monitoring we didn't quite see that we saw a lot of breakthroughs in this area sensors good enough to where down the road going to be able to see that noninvasive detection of sugar in blood what we have now a lot less invasive ways to continuously monitor glucose, three apps come to mind dex come g6, sounds compliektsdz with diabetes know about this company has a little sensor you wear on your body that now speaks to your watch and gives you immediate response of continuous monitoring of glucose the second one that just got announced, on ha. is using the apple watch four with app called klue it can tell when your eating so uses a.it that time another one coming out really, really smart, very, very good app that indeed will actually this where is controversial cardiogram, taking the heart data that you can get from apple watch that has a lot more contemporaneoacc chance can detect diabetes analyzing heart data diabetes patients apparently have a specific kind of signature in rhythm that may indicate they have diabetes saying not a diagnostic tool but may maybe should i get that checked out. i want a little skepticic on that any time a device that claims to have diagnostic accuracy i become discrepancy cal if that easy we would have been doing it a long time easiest things patients can do go for annual screenings, let your doctor make decision if a high risk patient to screen you for zooebz once we screen you make positive steps. >> diet so important people's levels can go way down changing diet. >> here he hadry. >> part is 10% we the loss can make drastic change. >> drastic 10%, dr. "mik" -- court go-- kirk good

a.i., we steal the example sets from real translators and present them back to you as if it was an electronic brain. so the transfer is in time instead of space. so you can think of a.i. and v.r. as being illusions. can you see that? another difference, so what's the difference between a charlatan and a musician? a musician announces the trick. in a sense, virtual reality is when you announce the trick, and a.in you don't. yeah. [laughter] >> thank you, maureen. thank you. >> thank you. [applause] >> so you're going to -- we have copies of maureen's book too in the back, and you're going to stick around and sign copies for us. >> i am, i guess. maureen, thank you so much. thanks for coming. >> thank you. [applause] look forward to the future. [applause] [inaudible conversations] >> this yearbook tv marks our 20th year of bringing you the country's top nonfiction authors and their latest books. find us every weekend on c-span2 or online at booktv.org. >> host: and gina loudon, author of "mad politics: keeping your sanity in a world gone crazy," is our guest here at the miami book fair. thank you soo much for joining us. >> guest: pleasure to be here, peter. thanks for having me. >> host: who's mad at who? >> guest: there's a lot of vitriol out there right now. i think we saw it certainly in the midterm elections, and i think it's nothing that some real communication that's honest and forthrig

a.i. fellow, michael r barrone. his knowledge of american history makes him one of the best political analysts in the country. actually michael was set foot in all 435 congressional districts. 2004 a.i. book on early and absentee voting anticipated in early oron convenience voting that we saw in this election. colleague, henry olsen, is a senior fellow with the ethics and public policy center. most is one of the important voices in the country on the republican party's past and future. he made his predictions of what would happen on election day and he'll be today.ing them here my longtime colleague and warrensteen is washington's preeminent congress watcher. of vitale writers statistics on congress, now available on the brookings website. we on this panel are especially researchto our assistant. this program couldn't happen without her. of thelso appreciative work of our intern this fall. we're going to start with a round.ng i will ask each panelist to tell us in two minutes what they most interesting about this election. two minutes. michael? yearll, you mentioned the 1982 as the first year of this session. it reminded me that that's the time american voters gave us the combinatio

a.i. products to china. and i want to get your take on the opportunity in china and also the opportunity around artificial intelligence, a.i. i'm just back from san francisco. i sat down with the co-found i of oracle, larry ellison about technology companies working with the government. here's what he said about google and china. listen to this. >> i think u.s. tech companies who say we will not support the u.s. military, you know, we will not work on any technology that helps our military but yet goes into china and facilitates the chinese government surveilling their people is pretty shocking. i think it's very important that u.s. technology companies support our country, our government. we are a democracy. if we don't like our leaders, we can throw them out. if you don't like the leaders in china, you can fill in the blank. maria: what do you think about that, steve? >> i think it starts with the premise that i might not agree with. at least software intellectual property in china is stolen anyway. so the notion that a policy decision by a u.s. company is going to dramatically impact that is interesting. most of microsoft software when i left, a few years ago now, was stolen. and you say okay, is it possible to steal the software without selling it in china? the answer is yes, it is. so i do think that there are some important principles in what larry says. i don't deny that. and yet the specific issue is very hard to control. maria: you make such an important point. i think i heard a stat, correct me if this is wrong, that 90% of companies in china use the microsoft operating system but like 1% pay. >> certainly as i left a you fw years ago was right. maria: 90% of companies are using the microsoft operating platform and 1% are paying for it. what are we going to do that china keeps stealing everything this way? that's pretty extraordinary. >> i'm a free trader by nature. i went to school, economics, it's the best thing for the world. this one's a tricky issue because it's absolutely clear that the rules don't apply in china and the u.s. government needs to do something, whether tariffs are right or wrong, i'm silent on that point. but without any pressure from the u.s. government, we're talking about $10 billion plus, for example, in microsoft that would go into profit. as a shareholder that's the easiest thing for me to now see as an outsider. we haven't seen the rise in profits that would be commensurate with real intellectual property protection in china. maria: where does this go, steve? i don't think they're going to change their behavior. they won't admit they're stealing our i.p. you were the ceo of microsoft. you can confirm that 90% of large companies in china use microsoft and they don't pay for it. where is this going? are you happy this administration is pushing back on china? i know we're not sure if tariffs is the way to do it but what is the way then? >> not sure. i don't work at microsoft anymore. hard to see the internal issues. all i can say is without any pressure, nothing's going to change. not clear tariffs is the right way to go, i'll be silent on that. but at least this free trader's mind you have to think about more draconian measures. maria: you've been watching the industry, a student of technology for a long time. let me get your take on this new focus on tech and that is the regularegulatory environment. 25 years ago when you and i first started talking, these companies weren't where they are today. so google, alphabet, amazon, you know, -- well, microsoft as well. they've gotten so much bigger and you were around to see the way the e.u. targeted microsoft at a time because of the law of large numbers. it was so big that it was -- it was so powerful you became a target at microsoft. now alphabet is the target, amazon is the target. what do you think the should be done? >> the notion of saying something is too big because it's big, that doesn't resonate with me. maria: google does 90% of all search in the country. >> and microsoft did 90% of all operating systems. maria: okay. >> that, per se, is heart to complain with -- hard to complain with. it's how people leverage that power. will google only favor their own store for example when it comes to putting search results up for products. that's a targetable offense. will google only bundle its search with a android? that's an issue to be looked at. the pure size, i don't believe that should be targeted. they did a good job. they gained market share. bravo. maria: do you think we'll see more regulation on tech? >> i don't think -- well, there's two kinds of regulation. on size, the kind you've talked about, maybe, maybe not. not sure how to think about that. on the issues of privacy and data protection, yes, i do think we'll see more regulation. in the best of worlds, it's not just slam-down. the regulators will work with the tech companies to find the right solutions. a piece of legislation that throws a lightning bolt and says do this is unlikely to be the right thing. maria: it's a great analysis. you're also the chairman of the l. arc clippers. you are working on a new way for fans to watch games. tell us about that. >> we've been working on an augmented reality view of the game so in real-time you can see player statistics. you can take the point of view of the coach, of the point guard. you can sit back and kind of watch in a fun way. we let you pick different camera angles. maria: i love that. >> we're in version one. we even use a.ial facts about the game live as it's going on. it's really incredible, i think, and since i'm a software guy it's version one. maria: i love it. >> we'll just keep coming. maria: this is making everything more interactive, getting the fans involved, wherever they are. what has been the response to lebron on the l.a. lakers? >> well, we do our own thing. we do l.a. our way at the clippers. and obviously lebron is a great, great player. our job is to go out and beat 29 other teams every night. and we're after it. maria: you're ready for it. >> absolutely manufactur. maria: steve, it's great to see you this morning. stay with us for midterm election service. "mornings with maria" the next day, we'll bring you all the he details an hour earlier at 5:00 a.m. eastern so join us next wednesday for our special coverage. coming up, driving into the future, details as elon musk announces tesla cars will soon be able to find parking spots on their own. the car will find the spot. plus, a place th