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founding member of capitalist pig hedge fund, fox news contributor jonathan hoenig. all about me, welcome back. >> thank you. you look splendid. kennedy: thank you very much a kind thing to say. let's talk about this. you separate from alexandria ocasio-cortez. not just that amazon is really rich. therefore they don't deserve billions of dollarings in tax credit and grants it is that government should not be picking winners and losers and should not be decided which company get hand out that taxpayers are forced to pay? >> yes, that is not who gets hand out, or subsidy, oc would sooner give it to environmentalist, this cronyism. we have be against it. kennedy this is olan malfarm thing -- animal farm things, alla animals are same but politically correct animals or littelittle more important. this is note a competition -- this is not a competition that is two companies competing in business, this is cronyism, special favors, these types of subsidies are wrong. >> the same thing, if you had an issue with solyndra, you should have an issue with this, president obama tho

here to react to all of this, liz peek, "fox news".com columnist and jonathan hoenig capitalist pig hedge fund. ashley i don't think mentioned is the dollar, the strength we've seens liz, in the dollar but jonathan, let me start on the tech selloff, particularly with apple with one of its suppliers cutting the forecast, what did you make of technology today? >> we talked about that a couple weeks ago. as apple goes so goes the market, connell. this is a major part of all indices especially the nasdaq 100. with the broad market so weak, with 250 new 52-week lows, with only 8052 week highs, apple, go ahead man, amazon so weak, it is hard for the market to find any bid. this is bad for the bulls who is looking for price action after a horrible october. think brings us down no the lower channel for stocks. connell: the dollar at its highest point relative to other currencies about a year-and-a-half ago. that has been bad news for large multinational companies for a while that is a trend people don't see changing anytime soon do you? >> it's a question not fighting the fed. as interest rates g

connell: we have to run, jonathan hoenig. >> happy halloween. connell: same to you. you want to take money off your home. kennedy had an interview with the new netflix host stay here, how can you get rich off short-term rentals. >> if you're talking 6,000, $10,000 a month, that's real money. you can bathe in avocado toast? >> it's a fraction right now, >> it's a fraction right now, but some people making a when i was shopping fothe choice was easy. i switched to geico and saved hundreds. excuse me... winner! that's a win. but it's not the only reason i switched. hi! geico has licensed agents who i can reach 24/7. great savings and round the clock service? now that's a win-win. winner. winner. yay me! oh, hi! good luck. switch to geico®. it's a win-win. a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can use up until your trip starts. so whether you want to go out, stay in, or be in the middle of it all... add the perfect hotel when you're ready, and save. add on advantage. only with expedia. comcast business buil

jonathan hoenig, what do you think? >> americans are doing a lot of shopping but shopping and consumer confidence was again, melissa, i'm not the glass half empty person. melissa: yes you are. connell: you are too. >> these are lagging indicators. melissa: yes you are. >> surprising to me what retail stocks are at fifth week highs or anywhere near to it? this is lagging sector. this is lagging indicator for a weak consumer. melissa: but, liz, i'm talking about the difference between shopping online and going into stores. my mother-in-law went to million stores this weekend. she is the only person i know. rest of us went online bought all of our stuff. i don't think i've not been inside after store for a year and not because i'm not buying stuff. >> that is because you work so hard for a living. that is not is surprise. it is bitter cold in the northeast and that probably had something to do with the numbers. look at totality of spending over several days. it is not just black friday, or cyber monday anymore. these deals

jonathan hoenig from the capitalist pig hedge fund, fox news contributor with us as well. heather, do you view anything three days in a row upside or the conversation between the president and china? >> this is great rally after the awful month we had in october. this is about the conversation and productive talks president trump had with president xi this morning, easing some chinese trade tension concerns and those tariffs. the fact that the market rallied after those productive talks tells me the market is still worried about two things, the federal reserve raising rates and tariffs. those are two major moves, macro moves driving this market higher or lower. lower today. connell: it is true, heather, we do get moves in either direction once there is a little hint on the tariff story. we got that in the presidential tweet. jonathan said, hey, we had a good talk, things are productive, next thing you know the market did take a or move a leg higher. what do you say? >> the real selloff, october was a selloff was massive. the real disasterous, 900 point reversal came after

smith and jonathan hoenig.y day for the markets as concern grows over whether president trump can reach a trade deal with china. now, the president trying to the ease those fears this afternoon. take a listen. >> spoke with president xi yesterday. they very much want to make a deal. i think we'll make a deal with china, and i think it'll be a very fair deal for everybody, but it will be a good deal for the unit

bears, i am david asman, joining me on panel, lindsey bell, kevin kelly could rick hunger and jonathan hoenig. author of a new book, a new textbook of americanism. president trump weighing in on aamazon's digged decision, heret we said, i think they are paying a very big price. they took the best deal, so folks is president right, did taxpayers maybe pay too big a price. >> this is money wash the down the drain, so frustrating to me, no matter what type of isle you are on. does not matter amazon cannot afford or can oford it, this cronyism, this is government picking winner and losers, that puts a burden, they estimate 50 thousands per job in subsidies. david: they say it could be 100 thousand. >> chicago was in running for this i am glad they did not get it, this is a terrible precedent for amazon this is cronyism, it should be denounced. >> it's a competition, that is what new york city had to to to get this company here. >> no, no, no. i don't think so. >> woe! >> why would they need to compete, new york city is already competitive, we have talent, we're a big hug, same with washington d.c

liz peek being columnist and jonathan hoenig capitalist pig hedge fund founding member. we'll have plenty of time this hour to talk politics. jonathan, do you read anything in watch a change, maybe in leadership with technology dragging us down,? >> banks, connell, having a little bit of a bounce-back here. i was surprised broader market wasn't down "fang" stocks. market was higher. breadth was still negative. 60 new highs. people are waiting to see results of tomorrow's election. connell: liz, the idea you get through some uncertainty the market should be ready to do what the market is going to do, and usually after a midterm it does pretty well. >> not since 1946, the 12 months post a midterm election have seen a downturn in the s&p 500. why? whatever party gets whacked tends to come to the middle. yes, not much is done legislatively. i think we're surfing off the late jobs report this friday. that is been lost the pre-election conversation. numbers are unbelievably strong. i see nice to see the market up when some of the asian markets were down very sharply. a read out

smith and jonathan hoenig. as concern grows over whether president trump can reach a trade deal with china. now, the president trying to the ease those fears this afternoon. take a listen. >> spoke with president xi yesterday. they very much want to make a deal. i think we'll make a deal with china, and i think it'll be a very fair deal for everybody, but it will be a good deal for un

smith and jonathan hoenig.ocky day for the markets as concern grows over whether president trump can reach a trade deal with china. now, the president trying to the ease those fears this afternoon. take a listen. >> spoke with president xi yesterday. they very much want to make a deal. i think we'll make a deal with china, and i think it'll be a very fair deal for everybody, but it will be a good deal for the united states. david: and that was enough to lift stocks off their lows. so, folks, what do you make of all this? >> okay -- [laughter] >> well, i'll jump in. there's a couple things. one is it's curious that these tariffs which amount to a total on our economy of .2% on gdp can move markets. the other thing i still scratch my head, we know that, quote-unquote, the fang stocks are the market movers, facebook, you know, amazon, netflix. and it's ironic, those stocks are not even affected by tariffs. even apple is exempt. so you look at market movers, why would market be down on tariff news, good or bad, whe

bears, i am david asman, joining me on panel, lindsey bell, kevin kelly could rick hunger and jonathan hoenignew textbook of americanism. president trump weighing in on aamazon's digged decision, heret we said, i think they are

jonathan hoenig says trade is the reason, nothing more, nothing less. what do you mean? >> neil this is really frustrating. the expectation that because the united states bailed out general motors, donald trump for better or for worse was for those bailouts, they somehow owe the american worker. reminds me of the old saying who writes the checks being makes the rules. gm like any other business needs to make money. that is the dangerous precedent set. what worries me, moving forward, you mentioned potentially hard times coming ahead. the bailouts are still haunting us. general motors is the best example why. neil: did they prematurely put the blame on trade stuff or simply making lousy stuff, the volt and other cars of questionable appeal? >> this is self-inflicted wound by the president and our own government. gm says the tariffs cost them a billion dollars, one billion dollars. that is just gm. ford told the president, the u.s. has highest cost steel in the nation. because of tariffs. the market is mixed today. but look at stocks at 52-week lows. look where the trend i

i want to get a read of these markets from jonathan hoenig who is here.e has a book out, on americanism. we are questioning american stocks these days. i want to touch on that for a bit. what the heck is going on? when you look at everything going on? that is james freeman's book, a wonderful book, buy it. but it is not his book. anyway, what do you make of what is going on here? >> it is an ugly tape. put aside politics and opining on administration, this is ugly tape. looking at number of new highs versus new lows. this tells you what is going on beneath the surface. you pointed out amazon, excuse my, apple, essentially on discuss up of a bear market. there are even more stocks. what is it, almost 200 stocks, now at new 52 lows. new long-term trends. only 30 or 40 at new 52-week highs. essentially just a weak tape. makes it difficult for stocks to do well even with good news out. neil: there is a weak tape. when you defer to that, talking about an environment, in the past, seems we had weak temper tantrums. whatever you want to call them, they are short

market watchers charitably be, jonathan hoenig and fox news contributor liz peek.think about how this falls out assuming there a split government tomorrow at this time? >> well, first of all, the market and the s&p has gone up in the year following every midterm election since 1946. so that kind of gives you hope anything. the reason is the party that loses generally speaking the president's party begins to kind of pivot to the middle and maybe does some things to please voters and please businesses. markets like that. they also like the scenario that were looking on is most probable more if democrats take the house were going to see a lot of bills spewing out, having to do with health care and higher minimum wage and ramping up regulations on banks may be. the answer is the senate is a tremendous blocking point for all of that. as it has been for gop legislation coming out of the house the last 18 months. you know, really what we see is just not a whole lot going on that's going to really impact is not his. neil: you know, jonathan, the other argument first the go

jonathan hoenig with us, fox news contributor. much capitalist pig hedge fund manager. what do you make of the market down today? you have been down on the market recently anyway, right? >> yeah. i think it is trying to make a stand here, stuart, if you will but what will save us, now that big to stocks won't? that is what the market is trying to figure out now. we know leaders basically last four or five years. it has been the "fang" stocks, those high-tech stocks. october was just disasterous for them, for the market writ large. specifically for "fang" stocks. i'm keeping close eye on names like mcdonald's, coca-cola, starbucks, aon, until i see more strength, however, you have to be very careful despite good consumer confidence numbers. stuart: what you're saying there is a leadership change. big tech led us for two years if not longer, they're on pause and down. >> yeah. stuart: the new leadership, oh, i will call them old line companies like the one on your screen right now, mcdonald's. $185 a share. so you're saying new leadership for the market that will take, ta