asman joining me on the panel today to debate this we got morgan ortega, deirdre bolton and john layfield and adam lashinsky. well new york mayor bill deblasio proposing a massive re distribution of wealth. >> working people have gotten more and more productive at the same time they've gotten smaller and smaller share of the wealth they create. here is the truth. brothers and sisters there's plenty of money in the world. there's plenty of money in this city. it's just in the wrong hands. >> [applause] david: in the wrong hands so is the mayor right, what do you think, gang? >> absolutely not i think the mayor is nuts. they call him big bill for a reason. look, he's running for president is what he's doing and to do that as a democrat you have to make some crazy socialistic statement to get noticed these days. this doesn't work what he's talking about this re distribution. global extreme poverty has gone from 36% in 1990 to about 10% in 2015 because of access to people , because of opportunities that open up. you do that by breaking generational cycles when you work with education of incar

so big impacts on consumers here >> john layfield here.t to ask you the lobbyist in dc, they pretty much own this congress i just don't see anything that could happen. i disagree with the president interfering from general motors to amazon to any of the drug companies as well but it seems to me with the lobbyists that own our congress bought and paid for nothing will get done on this. gerri: except that the democrats say they are going to do something right? on this issue in particular, they wave this as a banner high drug prices they don't like it, and of course even the president 's own cabinet and administration have been working hard and try to reduce these prices with the idea especially that drugs that are going to seniors have lower prices but you're rightist not easy. >> are they making a case, sorry go ahead gary >> here is the problem though. the congress is trying to fix the symptom and not the problem. why are these drug companies raising prices? why it's the same reason harvard raises tuition every year because it's basically

smith, kadena group president, fox news contributor, i don't know than layfield, layfield reports ceo. start with what susan ended on there. seemed the marked ended down. there was concern about global growth. there was rough data out of china. do you share that concern or the other point of view says the chinese are getting beaten up, they will make a deal on trade soon? >> even if china makes a deal, their exports were down 4.4%. we were substantial part of that but not all of that but even if you take china out of the equation you have the economies of germany slowing. the economy of japan is slowing. so right there, you have three large countries that make up, make up the bulk of the world's gdp but a pretty fair percentage. it does seem like there is an economic slow down. i think you see that reflected in what the market has been doing. connell: john on the other side, some banks reporting this week, what citigroup reported today. first the stock sold off. there was weakness in the trading business. but at the end of the day in rally mode. they cut expenses at citigroup. able to

. >> senator john layfield here.s, why did the president wait to pick this fight when democrats took control of the house knowing this could be the outcome. second, is the only option you have now enough votes to override a veto so it has to come somewhere between ms. pelosi and truncating along on a deal for you guys are being held hostage as well. >> anytime you get past september 30th and you don't have your work done and congress is only completed its work on time, four times in the last 45 years, you put yourself in a position to be wedge and that's exactly what's going on right now. were not happy about it. would like to find some common ground. this is got to be decided between speaker pelosi and the president. the president took the first step and he came in and said all negotiate with you, so you've got to give the credit to the president for trying once again to at least take a step forward. speaker pelosi has said you get nothing. there's nothing on the table and were not going to counter. >> i'm sorry, se

john layfield is a fox news contributor and joins us now. good morning, john. great to see you.is for days, talking to traders on the floor of the new york stock exchange about what they're expecting. you look at the estimates out there. they are high, high, high, citi coming in, eps estimate would be a 21% improvement over the previous year. much the same for most of the stocks out there. what are you seeing and what is this going to tell us about the economy? >> i think it's very important. look, jp morgan last quarter when they came out on a friday morning, the market was going to sell off and jamie dimon had bullish comments for the economy going forward. i think the comments about what's going to happen in this next year, coming out of ceos from citigroup with matt corbatt to jp morgan with jamie dimon are very important. i think earnings will be good. the stocks have been terrible the past year. the consumer has been doing quite well. the stocks have been quite terrible. i think you're going to see good earnings. i would not be a buyer of these stocks because of the uncert

john layfield with us, scott martin with us.red this and focused on the china trade and the earnings, which had been by and large good, that is the wind at their back. they don't see this having an effect but it is seeping in to closing on home loans and the like. what do you think of the fallout for this the more it drags on? >> i like your description. seems like consumers, americans are getting sick of it. i agree. i think that's the danger here. we've seen so many shut downs in the past. even recent past we've seen several. americans were not used to that but stomach it. speaking of the sickness out there, given how long this is dragging on, one of the interviewees, maybe there's not a guarantee of back pay as it is for other government workers. so this angst or anxiety who gets the back pay and not and the affects on the companies that are maybe seeing lost revenue from less spending. that is that spill-over effect that as this drags on starts to take hold. >> neil: leaving the shut down, the talks about the china talks. wi

neil: john layfield. we dramatically pare ad lot of earlier losses.his stalled what had been a five-day rally the likes which we had not seen, i think you have to go back to last october. so it is still possible we could have an up day. if you have six up days in a row, that would be early october i'm told but i don't know that for sure but bottom line markets generally prefer it when things go up than when they go down. although you can make a lot of money when things go down. >>> now the bet on amazon what a certain divorce, what could be priciest yet will have on shareholders, after this. oh, don't worry. voya helps them to and through retirement... ...dealing with today's expenses... ...like college... ...while helping plan, invest and protect for the future. so they'll be okay... without me? um... and when we knock out this wall... imagine the closet space. yes! oh hey, son. yeah, i think they'll be fine. voya. helping you to and through retirement. ♪ neil: all right. they didn't have a prenup. that is what we're learning about jeff bezos and his

melissa: we have john layfield, heather zumarriaga, thanks to both of you for joining us. john, let me start with you. start with the chinese. lots of signals but they do a lot of signaling and then you know, i don't know how much follow through there is on that. this time the signals are good. what do you make of it? >> that is good point, melissa. anytime you have to come out saying we're sincere, shows you you were insincere previous times when you had to make the statement. i don't think they're sincere this time either. i think they're killing the clock. they look at america, they see the president's side lost the house. they think america is politically divided. china feels like they have a winning hand. i think they're killing clock. i don't think they are sincere as all. i don't think we're closer to a deal now than we were two months ago. melissa: i agree what everything john said but the divided house. nobody agrees with china. it is high on our list of priorities. when you look at squabbling in the midst of the shutdown i don't know how many folks in congress ar

asman joining me on the panel today to debate this we got morgan ortega, deirdre bolton and john layfield re distribution of wealth. >> working people have gotten more and more productive at the same time they've gotten smaller and smaller share of the wealth they create. here is

it's going to be an ugly day tomorrow let's get a preview oil davis adjoining me liz peek, john layfieldf what do you think is going on here? >> they mentioned iphone upgrades was lackluster in emerging markets and they even mentioned china didn't see the sales they were expecting. i know we're going to talk a little about the china manufacturing numbers slowed downod