November 10th and 11th. That is thrown into the mix. Were told this is not part of the ongoing trade talks but put as wrinkle or maybe a hatchet in them. Blake burman at it whoo house with more on that. Markets are confused. So am i. What do you make of this port . I spoke with someone familiar with the matter. The way it is described there is a ongoing policy process, taking place, during the policy process one of the discussions the u. S. Might, it was stressed to me, might, limit investment flowing into china. A couple things were pointed out to me which you hit on, according to the source, this is a way essentially to protect u. S. Investment. As you know the u. S. Feels there are a host of issues, once you start dealing with china and and protections, companies there and making sure those companies are taken care of. Also it was put to me this is separate from the ongoing u. S. Trade discussions. Now about you believe that to be the case is another matter. We talked about the issue of huawei. It had nothing to do with trade until it did have something to do with trade, until it had nothing to do with trade. Might this be the case . Might this be another chip, bargaining chip the u. S. Has at its disposal . Potentially but i would also stress, neil, i always try to side on the caution with a lot of these things this was put to me as a ongoing policy process. There are a lot of ideas that eminate out of this building. That is the story with the conversation i had in the last 15 minutes or so. Neil i know what you said, the white house says it is not part of the trade talks it will have unequivocal force of nature on its own with the trait talks. I wonder if administration saying were upping the ante if you dont come here with Real Solutions or some real offers and this is among the things were discussing . Reporter it is certainly possible. It is a good idea on your part maybe thats what theyre thinking. We dont, one of the things to consider is, there is a lot of ideas within this building. This is something right now at least talked about or kicked around, is this something long term they want thrown into a trade deal or they say has nothing to do with a trade deal . Or maybe just sort of move the needle or set the tone . I dont know. Its a great question as you know, neil, this continues to ebb and flow. Im told this has nothing to do with the trade deal. You can believe that or not. Neil thank you, my friend, blake burman at white house. That is a little curious since the chinese out of the blue offered to expand Investment Opportunity in the United States. To allow companies and individuals boost their invests in the United States. This comes hour after that bloomberg report. The reporting on this it is hard to confirm a lot of this outside the fact blake pointed out theyre looking at it. Whether that is something theyre launching as salvo to the chinese. Look this is something that might be done. No way to tell. The markets get whipsawed on these type of developments. Trade dictates the course of these markets. Now were competing with impeachment worries for the markets but this is a very big issue today. The wall street journals john bussey with us. John, timing is everything. The timing is curious, what do you think . Yeah it is. We havent reported that development yet, the bloomberg story. If it is accurate it entirely might be. This administration has thrown a number of kind of curveballs into the trade negotiations and of course this is related to the overall discussions with china. It is going to get if it is accurate and administration actually is thinking about this, seriously, it will get a howl from the u. S. Business community which sees the china market as part, a big part of its future t has to be there. It is 1. 4 billion people. On the other hand the administration has said, look the Business Community has complained for a long time about chinas behavior. Here we are, the administration trying to do something about it. You can agree with our approach or not agree with our approach of tariffs and we dont want the Business Communitys concerns to dictate how we pursue this. Business rushed into china, very often bringing that technology across the border, not just being forced to bring it across the border. So that emboldens us, the administration to take this possible action or to possibly, you know, just be threatening this possible action but it is conjecture on my part because we havent reported this out yet. Neil if it looks like this is a new salvo, to throw at the chinese it will obviously sort of ruffle feathers there to put it mildly. Again, if the story is accurate. If it is not everyone moves on because there were promising developments when the chinese committed to buy more soybeans to the United States. Apparently they have already done so. We havent got a firm number as a goodfaith effort. This issue notwithstanding what kind of progress were you hearing being made ahead of this big visit just more than a week 1 2 away . That china is thinking about selling them more soybeans that were thinking about selling them hogs because of the swine flu problem that damaged the hog herd in china. Not a lot else. Were not hearing movement on the big issues of intellectual property protection, forced technology transfer, subsidizing stateowned enterprises. This is a big deal, neil t feels like a game of chicken. China hoping the political pressure on the administration with the election upcoming will cause the administration to make a deal in chinas favor. The administration hoping that chinas slowing economy will force xi xinping to relent in the president s favor. Were not picking up a lot on major issues at the moment. Neil thank you, my friend, john bussey. Wall street journal associate editor. Fox news editor. Back to the impeachment story. Democrats say it is not the crime it is the coverup. They think it is happening all over. Thats interesting as part of a coverup, but i think we have to stay focused as far as the public is concerned on the fact that the president of the United States used taxpayer dollars to shake down the leader of another country for his own political gain. Neil all right. Nancy pelosi on msnbc. Former whitewater independent counsel robert ray. It is the coverup, everyone is talking on the democratic side about this, whistleblower concerned about the actions the administration was taking to take all these conversations, anything relating to them and put them in a separate box so to speak. Is that a coverup . No. I mean unless there is some other evidence that the democrats havent produced and i dont think it exists. Look the allusion to water gate is misplaced. Watergate involved the white house counsel, among others attorney general of the United States with a coverup that involved a slush fund to pay off witnesses to alter testimony in connection with a criminal investigation. This is understandable effort, im certain by the White House Counsels Office, once they understood they had a leak in the white house regarding a conversation involving the president to put a circle around evidence. So there is political issues. There are diplomatic issues. Obviously there is a legal component to this. So you know. Before jumping to any conclusions i would not assume the White House Counsels Office is involved in a conspiracy to obstruct justice by lawyers unpenalty of prosecution for obstruction as well as losing their law license over an effort to tamper with evidence. I think far from it. It is an understandable response by the white house obviously to secure things in a circumstance which is as was testified yesterday by admiral maguire unprecedented. Neil let me ask a little bit about the the environment which this was done. We do know that the president was very leery of the intelligence community, as a candidate, that it wasnt more diligent in pursuing hillary clinton. We do know he had some rough, course things to say about various intelligence agencies. If you were the president wouldnt you understandably come to the conclusion, ahha, i was right all along . Neil or, or, this is what i will do to safeguard things just in case theyre doing this . That is how theyre going to justify it, right . I dont know. Where is that take us . I think were hyperventilating over an understandable reaction from the white house. We heard from the testimony yesterday about obviously there were issues involving connection with this conversation involving the president. Neil where is this going, robert . You know now. Where is it going . Can we focus on the calendar for a moment, like some pratt call things everybody can understand including me . Were a little more than a month away from a year to the president ial election. Even in the bestcase scenario the chairman of Judiciary Committee said he wont be ready with regard to further action until probably the end of the year. Which means you will be within the 12 month window to a president ial election. Are we seriously traveling down the road to an Impeachment Vote . I mean so far, at least it appears to me, we havent had an Impeachment Vote even to open up an impeachment proceeding from nancy pelosi. She doesnt have the votes. Neil isnt she salivating or waiting for that, whatever your views on this subject, they need 218 votes. Right. Neil they dont have that. They could be 200 now. They might be getting close to it. Are they close to that . I think the speaker is trying to build momentum will include effort over next two weeks while congress is on recess. Neil to approve a coverup. I dont know about that. Theyre making a pitch to the American People. The American People are watching what is happening right now. Neil do you think only way they can make that pitch, however sordid of it might look for a leader of this country to talk to another leader of country to investigate another opponent. It is a thing to left aside. In the last 48 hours theyre not talking about. Neil theyre talking about coverup. Theyre not talking about quid pro quo any longer. I and others people who were paying attention, wait a minute, what crime are you talking about . It is not treason. They tried that one out. It is not bribery. Federal bribery statute doesnt apply to government officials. It is not extortion because there is no quid pro quo. There is no Illegal Campaign contribution because foreign assistance in connection with a investigation doesnt violate the federal campaign act. Neil lawyers say the quid pro quo would be getting information you wanted on joe biden . Is that . Its a long way away from that. Still has to be evidence that one was given in exchange for the other. Okay . Understand neil quid pro quo not found to be dangling aid to ukraine. That has been dismissed. Not fully. Fact two things exist simultaneously does not mean, you would still have to prove one was given in exchange for the other. If you cant prove that, you cant just wildly guess that that might be so. Neil youre saying to be clear, i appreciate your patients. Sure. Neil getting the information that you wanted on joe biden is not a quid pro quo . , if you got it . Well, it would still have to be linked and proven to be, that was intended to be an exchange for the assistance that was rendered by way of the vote in congress to provide military and other assistance. Neil no. Im saying if that was not even part of it, you got what you wanted the practical matter if it was obtained, if an investigation was opened all those things, obviously further on you go down the trail the more that it is appropriate to draw inferences in favor of, well it must have one was exchange for the other. None of that happened here. You have got the president of ukraine say he didnt feel pressure. Untoward investigation of the bidens was ever opened as a result of president s conversation. So to try to talk about it neil we dont know information was provided or not at this point, right . We do know from the ukrainians, they looked into it. They said there wasnt anything to it. Neil outside of ukrainian president wanting to ride on air force one. That is a great plane. Im sure it is. Ever been on it . Neil i have, actually. While on the ground. Good going over this. This is confusing. Everyone like your last segment sure there are confusing things. We should be clear about things we can be clear about. Neil thank you my friend. Latest on that. This whipsawed the market, trade thing whipsawing the markets. What we know at this point investors are confused, impeachment thing notwithstanding, this issue with china, ahead of talks week 1 2 away, this salvo thrown the chinese way to say, you know what . Were looking at rethinking a lot of companies that you have listed here. Maybe delisting them here. Bloomberg rutter. Now were understanding that the white house is considering a lot of this, not tying it to trade. That might be a bit of a stretch. After this. Frstill, we never stoppedss wmaking it stronger. E. Faster. Smarter. Because to be the best, is to never ever stop making it better. The 2020 cclass family. 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Weve been in 180point range here. Up a lot when we had some good economic news. Then down on this bloomberg report that shows there could be some bumps along those china trade talks news. Theyre scheduled for october 10th and 11th in washington. A market watcher says that a trade deal might make people feel a little better but it doesnt necessarily change the equation for Business Sentiment that remains increasingly bearish right now. Not overwhelmingly so, but more so than weve seen in the past. Jeff, first of all, and it is good to have you, help me with this bloomberg report, how much credence you put in it, timing of it, the administration said we bounced around the idea but it has nothing to do with trade. Now i wasnt born yesterday. It has to have something to do with trade, doesnt it . Theyre sending a message, right . This is part of the administrations tactics. Weve seen this along the way. They like to play a little bit hard ball, raise all sorts of issues that help keep pressure on Chinese Government for trade negotiations. Neil but it comes just as the chinese themselves are talking about expanding in the u. S. And allowing chinese entities, businesses, individuals to do the same. Obviously the administration would have been aware of that. This has been batted around and this is response to that i cant piece it together. Where is this going . This is not really a new issue. There haas been focused on Foreign Investment in the u. S. Particularly on the technology arena. That focus has been growing. This is more of keeping the pressure on neil delisting a company, rather than say cool it, that is extreme, right . It is extreme and i would just put it down to the administrations negotiating style. Most of this pressure has been for private invests in the private equity world and direct investment to bring it into the ly traded arena is something new and an elevation of this. Neil for these businesses already curtailing their Capital Spending plans, their hiring plans because of the uncertainty around this and so many issues, is that real . That is very real. When you undermine Business Confidence or see a falloff in Business Confidence with a lag, you undermine capital expenditures, capital investment. Were seeing that. Were undermining economic growth. Were a economy pushing up against the limits of our capacity. Only twoways to expand the capacity. Grow your labor force, or grow your industrial capacity and productivity. Were really knocking out that industrial capacity and productivity growth opportunity. It is really up to the labor force from here. Neil thank you my friend. Jeff, Fifth Third Bank chief investment strategist. By the way when it comes to the Democratic Candidates why should Elizabeth Warren have all the bask of wealthy fun . Joe biden chiming in with an idea of his own after this. Be working harder. Thats why your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. I come facetoface with a lot of behinds. So i know theres a big need for new gasx maximum strength. It relieves pressure, bloating and discomfort fast. So no one needs to know youve got gas. Gasx. Have you lost weight . So no one needs to know youve got gas. Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. Ever since you brought me home, that day. Ive been plotting to destroy you. Sizing you up. Calculating your every move. You think this is love . This is a billion years of tiger dna just ready to pounce. And if you have the wrong Home Insurance coverage, you could be coughing up the cash for this. So get allstate and be better protected from mayhem, like meow. Neil all right, why should Elizabeth Warren and Bernie Sanders have all the fun . Now joe biden coming up with some ideas of his own to raise cash from the uberwealthy. Hillary vaughn has all the details. Hey, hillary. Reporter neil, they say it is lonely at the top. Frontrunner joe biden when it comes to the wealth tax. He doesnt have one as part of his campaign platform. He is as he is trying to stay at the top spot on the polls about you he is feeling heat from his rivals from Bernie Sanders and Elizabeth Warren. They have a lot of proposals targeting the the wealthy. He has a choice, be left or be left behind. Advisors tell the washington post, biden might introduce new tax on wall street, might tax Financial Transactions and selling bonds that would affect 55 of americans according to gallup or who own shares or Stock Holdings through some other means. How his plan stacks up against his rivals remains to be seen. Bernie has not one but four different taxes on varying income. 1 on household worth over 32 million. To as high as 8 taxes on 10 billiondollar fortunes. Warren as plan would raise taxes on the top 70,000 households, including 2 on assets over 50 million. Now both warren and biden are multimillionaires. Sanders is not. Campaigning in New Hampshire warren promised voters she isnt cranky at rich people. She wants to milk millions from high earners to pay for all of her plans. Biden also campaigning in New Hampshire this week did not have a message that went as far to voters. He said he wants to raise taxes on corporations but he didnt single out wealthy people. Neil . Neil hillary, thank you very, very much. You know it wasnt that long ago everyone was worried, they will raise the top rate back to what it was almost 40 . This is going way, way beyond that. Charlie gasparino on all of this. What do you think . She doesnt hate them. She wants to milk them. She needs them around to milk. It is interesting some of the confluences are going on here as biden puts out the proposal. I have to go back to ask some of his wall street guys, is this real . He has coterie of wall street advisors. Neil theyre getting nervous particularly with Elizabeth Warren. Now if biden echoes it . Here is what we do know from the biden camp which is why it is interesting he is going that route. They are bracing for losses in iowa and New Hampshire. Neil both . They think it is just about done. New hampshire definitely. That is her backyard. Neil not so they will write it off . Warren is massachusetts senator. Neil iowa . They think she is surging. It is likely he will lose there. What theyre banking wall is a firewall begins on super tuesday with South Carolina and some southern states. They are banking on bigtime africanamerican support. Maybe even i have heard, putting out a is are of africanamerican mayors particularly in the south and midwest support joe biden. Neil you say you have to win right or the other to be potential nominee . Im not disagreeing with that. Im telling how they rationalizing it to me when i speak with them. Ted cruz won iowa and trump still won. Theyre saying New Hampshire is her state. It is almost like massachusetts. We can kiss those goodbye and still become the nominee. Neil remind you of Rudy Giuliani putting all marbles in the florida basket. Yeah. Im telling you what they are telling me. Not saying i agree with it. Another thing going on, theyre kissing those two states away. Major fundraisers are withholding contributions to biden as she surges. Again you will not see neil are they basing that on his declining momentum, this new tax thing . No. Neil this is new . Decline in momentum, to get ahead of her and eke out a victory in iowa. Neil but the big cash raisers, they are the ones who he has, right . And they would like him to be nominee more than her. You still have to bundle. Those big cash fundraisers bundle cash from others. That is being withheld right now. What is interesting about this is, its clear if he going for a wall street tax, there is a sense of desperation in the campaign. There is no way he would go with that given his makeup, who he is surrounded by a coterie of wall street guys who make money off trading stocks. Neil remember when they feared any one of these guys raising the top rate back to what it was. This is going way beyond that. Theyre going way beyond this. That is where he is right now. Here is listen maybe their strategy is going to work. Maybe get being the africanamerican mayors will help them clean up super tuesday, reverse the momentum of this thing and he will be back on top. Right now they are worried about a huge surge from warren. They are all but killing iowa goodbye. Theyre kissing New Hampshire goodbye. Theyre putting all the marbles on base of support that helps them in the south and midwest. Mainly africanamericans and white working class. They think its a tough combination, coalition to beat. They dont think, they believe they have a good story to tell and a good coalition. When you know, Elizabeth Warrens main base, you know it is white progressives. It is not the electorate that will come out and win the presidency. Neil if she could get the nomination, but couldnt win the prize. That is it what theyre saying. Listen, i dont believe, has it ever worked . Im more of a financial reporter. I cover politics and finance just in my studying of this, has anybody kissed away states and come out ahead . It generally doesnt work. Neil when Rudy Giuliani did it he kissed away his chances. He lost everything. By the way he is in the news a lot, isnt he . Neil yes he is. Thank you my friend. Very good read of things. Charlie gasparino. Well hear a lot from him. This impeachment debate, it is hitting the workplace too. You might have been hearing it. People are still shouting. After this. Its been reported that theres a cyberattack on business every 39 seconds. Ouch. I dont even want to think about it. Comcast business has a solution. We go beyond fast with a cloudbased Security System that automatically updates, so you always have the latest protection. Phishing. Malware. Risky sites. It can help block all of that. Its one less thing for us to worry about. Comcast business securityedge automatically protects all the devices on your network. Call 18005016000 today. Neil you know with all the craziness in the markets were what about 5 or so from alltime highs for the dow jones industrials. So there is that. We are trying to have a positive week for the dow. Still a little bit of a uphill climb here. 90 minutes ago looked like we would do that. Gerri willis from the new york stock exchange. Hey, gerri. Reporter neil, were down a little bit but not a lot. That is good news. President of the richmond Federal Reserve saying economic headwind impacting Business Confidence. Tom barkin says im particularly concerned about the roller coaster weve been on recently, brexit, ongoing negotiations with china, and tensions in the middle east h, political headlines it is tough for businesses to feel like theyre on solid ground. Meanwhile, wework, the office space millenial favorite that was forced last week to delay its ipo, making a big cuts in a preipo shakeup. The Company Reportedly laying off thousands of employees including 20 folks tied to adam newman after details of his marijuana use and grandiose. Halting all lease agreements with Property Owners in order to rein in costs. Same with iposs peloton. Company fell 11 on first dade of trading. Weak appetite for ipos forced cancellation of endover which was to come public today. Market sources say guess what, were still seeing new filings of ipos. It aint over yet. That is what they say down here, neil. Neil thank you very much, gerri. Meantime back to the impeachment talks. What if i told you that much will depend on the economy . For example, the economy was booming as were the markets under bill clinton. Im not saying that positive backdrop changed the fortunes for him, he avoided impeachment. It was a very different backdrop for Richard Nixon some 20 plus years earlier when we were staring at stagflation and a recession that was gaining steam. Remember that was during the first opec oil embargo. Prices were rocketing and the economy was not. That was then. Whats the environment like now . Well the economy looks good now. The markets, bumpy as they are look very good now. Lets go to wall street historian John Steele Gordon on all of this. If the backdrop was important, then investors fear getting rid of the guy who is overseeing it, the president of the United States. I subscribe to that view whether he is republican or democrat. If things are going well they dont want to upset that applecart. What do you make of that . Well, sure, president s are always going to be more popular when the economys good and unpopular when it is bad. Just ask herbert hoover. Neil thats true. I remember covering herbert hoover. John, one thing interesting to me is, obviously if there are real ground for impeachment, the economy alone wont save but it could turn at least politicians head as bit to know, all right, average people are very happy with whats going on. Not the Investment Community is singularly important to just average folks but it does affect whats going on for average folks. At margins it could affect politicians to vote yea or nay throwing a president out of office, couldnt it . I think but only on the margin. This is basically a political, not an economic thing. I just dont think that even politicians would be so frivolous as to let Something Like that sway their vote on something so important throwing a president out, nullifying an election. Neil where are we going with this . When you look back, step back on the environment which all of this is going on handicap it for me . Well i think, as far as i can see what this is at the moment a purely partisan issue. Nixon the house formally voted to have impeachment ep inquiry, it was 4104. Even on clinton, 31 democrats voted for an impeachment inquiry. Nancy pelosi hasnt called for that. I think she knows it would come across only democrats would vote for it. Neil so we also should remember when the summer of 73 started with the watergate hearings, three out of four americans essentially thought they were a waste of time. There were revelations at hearings ensued. Eventually a lot of republicans coming around, all right, to howard bakers line, what did the president know and when did know it . It escalated because so many within the president s own party abandoned him. Were nowhere near anything like that now but what do you look for in the weeks, months ahead, that is assuming we get to hearings . Well i think if you begin to see republican defections, then trump is going to be in serious trouble but i dont see those at all, except maybe mitt romney who seems to be nevertrumper in the senate. Neil Susan Collins as concerns. It is fairly limited at this point, isnt it . At the moment. Where is the crime . I mean somebody broke into the Democratic National headquarters in 1972 and clinton undoubtedly obstructed justice and lied under oath which is why he lost his law license. Neil rye. But what has donald trump done yet except have a friendly conversation with a foreign leader . Neil democrats are seizing he covered it up. He was trying to protect all the evidence. Way too early to evidence he turned over immediately. Neil yeah. It is in their hands now. John steele gordon, thank you very much. I appreciate it. Thank you. Neil all right, hitting the big screen before they stream . Apple tvs next move. Im talking a big move. After this. Why accept it frompt an incompyour allergy pills . E else. Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief [upbeat action music] pilot were going to be on the tarmac for another 45 minutes or so. alexa added ukulele to band shopping list. nationwide jingle perfect. Peyton, what are you doing . Nationwides teamed up with amazon to bring you the allnew echo auto. Youre gonna love this. Alexa, add xylophone to band shopping list. alexa okay. We dont need a band shopping list. Alexa and i disagree. Alexa, add positive attitude to band shopping list. alexa added positive attitude to band shopping list. Thats for you. You need it. Join nationwide now and get a free amazon echo auto. I didnt know if i even existed but i do. People are starting to notice. Neil you know the movie isnt even out and controversies are way over the top around the joker. Theyre banning costumes. Theyre afraid of a record a, colorado, shooting incident that claimed 17 lives. Relatives say do not put this movie out. It encourages violence we do not want to see on everyone else. The movie is going to come out. But it is a reminder, this is the type of issue that is getting and building pressure from the left and the right. Well explore that in the next hour. Meantime this other issue about the big screen before the small screen. Apple now is reportedly set to bring movies to theaters before releasing them on streaming Service Apple tv. The variety correspondent. One of those considered 30 under 30 to watch. I can see why. Very, very smart. Knows what she is talking about. Youre too kind, neil. Good to meet you. Neil im in the over 80. I dont think so. Neil help me with this. It is unusual for streaming service to do theater centric releases right off the bat . It is. These streaming services, maimly netflix which is the streaming giant to this point as we all know have been very resistant to Theatrical Releases. They had to change that resistance a bit, in order to be eligible fors cars you have to have a limited Theatrical Release. Tough be in theater at least seven days. Steven spielberg spoke out against streaming films like netflix. He said these streaming films should not be allowed to be eligible by the academy it is not a traditional Theatrical Release. Now apple reportedly they will have their films in theaters first before you can see them on apple plus. If youre an apple plus subscriber. You go to the theater before. You will still have to pay for the three attributing call release. See it on apple plus after. Neil what does apple get out of that besides oscar contention . Oscar contention is a big deal, when youre working with talent, talent has so many different venues they can go to with all the studios and streamers that is something they can say. You can win an oscar if you come here. What apple gets out of it, goodwill from theaters. Netflix they have the irishman coming out with Martin Scorsese film, with robert deniro, they have a limited Theatrical Release because they want to be eligible fors cars. But it wont be in amc theaters. Neil if they first have a theater run before they get to you, are you feeling in a weird way as a customer, hey, im getting gouged here . I think it is possible. What i think this is aiming for to get people who arent subscribers. If youre not a apple plus subscriber, if youre not a netflix subscriber, you can still see the film in theaters. You might not know it comes from apple plus or netflix. You see it in the theater. That end up being box office dollars f youre a subscriber i dont think you will feel slighted youre already getting it on your couch. Neil do you think this, it becomes even more expensive to get content . Youre talking about producing it all for big theater release. That is very different, right . That is the problem, right . We have so many streaming services now. The whole reason streaming came aabout, people were already cutting the chord. Neil if you had them all, you are paying more than you had with the cord. That is the problem for the companies they have to get in the streaming game. They have to survive. They need the best content out of everyone. Buyers will not go to every single streamer. They want to peck and choose what they want. We see netflix giving 30 million to huge stars. Apple bringing on Reese Witherspoon and jennifer aniston. They have to go after big names or Big Properties to get the public to give them dollars but the thing that disney really has, that i would be very scared if i were apple plus, netflix, certainly netflix. Disney plus is the name of their streaming service. They have their entire catalog. That means marvel. Star wars, all the films from Twentieth Century fox. Every episode from the simpsons. Neil they might resolve the thing with spied every man and sony. Have me on later. That is currently developing as were speaking. Neil my producer will kill me, while youre here the whole controversy over the joker movie, aurora families are concerned about the violence. How real is that threat . Some movie theaters say you cant wear masks to this movie, what do you think . Its a real threat. Hours ago the lapd will have police force be visible outside of theaters. The theater in aurora is not playing it out of respect for the families. I dont think it will impact the box office. It is on track to make 80 million in the opening weekend. Joaquin phoenix is a walk to be nominated for an oscar. It is good to see that the police force is responding. Neil i negative seen reaction to this. I havent either. Neil elizabeth, so good to see you. Thank you for having me. Neil galaxy phone is out. Just open it carefully. Can achieve what theyre working for. Here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Neil if at first you dope succeed well try again with the same price tag because the galaxy fold is out again, still with the 2,000dollar price tag but close to it, but this time it wont fall apart on you. That is at least the promise from the company although some of the safeguards might not make you feel too safe. We have the Digital Trends mobile editor. Good to have you back. Thanks. Neil when we talked you had the first incarnation of this. Was it falling apart for you . It was totally fine for me. A couple other reviewers from tech sites had issues. But the display, when samsung decided okay well recall all the unit out there and well go take some time to fix this. Back in july, they said hey we fixed issues. The phone will come out in september. Here we are. Neil part of the issues they were addressing people were mistakenly taking off the plastic peeling. If you open that up, if we can, guys, people were tempted to strip that away that would cause the phone to shortcircuit. They basically made four changes. They had a little protective layer that was outside. Some of the reviewers thought that was screen protector. They tried to remove it. That is integral to the function of the display. That damaged the screen. One of the changes they made as we said on digital trend, they made the protective layer extend out to the bezel. You cant see the extra layer. It looks like normal screen. No instance of trying to get that out there. Can you talk on it when it is open . You can talk on it open. I dont know if i want to put to my ear. Neil someone said you cant look at image horizontally in landscape mode . Most apps should work in landscape mode. If i open up google app, that works for youtube and everything else. A couple other changes neil camera . Camera more or less the same. That is the negative. They had five month. Maybe they could have made some adjustments. Neil yeah. Technically six cameras are more similar to galaxy s10 that came out earlier this year than to the galaxy note 10 that came out more recently. Neil what are you getting 2,000 bucks . Youre getting this larger screen. That ultimately is it. Earlier someone sent me an email asking if they could reschedule an appointment. I had to check with coworker and check my calendar. I was able to open my apps at same time without changing things. That was kind of nice. I think the operating system is not as polished i like it to see. Neil same android system. Still android. It is a little more customized for this phone specifically but i see neil it isnt too annoying in the middle of i do see night when you look at it head on you can see the crease. You can in certain apps. Neil they know who you are. I was Walking Around with the iphone 11 pro max on subway, no one really said anything. No one cared. When i was using this on the subway, what is that . Neil julian, thank you very much. Well watch it very closely. He was ahead of curve talking about issues before it would come up before we knew some of the big issues. The white house is considering putting limits on those who invest in china and vice versa. That cant be good, can it . After this. Automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Frstill, we never stoppedss wmaking it stronger. E. Faster. Smarter. Because to be the best, is to never ever stop making it better. The 2020 cclass family. Lease the c 300 sedan for just 429 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums with tums smoothies. Have you lost weight . Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. Ever since you brought me home, that day. Ive been plotting to destroy you. Sizing you up. Calculating your every move. You think this is love . This is a billion years of tiger dna just ready to pounce. And if you have the wrong Home Insurance coverage, you could be coughing up the cash for this. So get allstate and be better protected from mayhem, like meow. Neil count on a market confused. Welcome back. Wild swings on wall street over china, essentially. What the white house is planning that got stocks dropping. We will get into the details because no one is on the same page on this. Meanwhile, the wealth gap is widening. Why that may not be good news for joe biden. Well explain. And a new way to know your neighbor before the flight. The airline right now letting passengers know they might want to pick another seat. Really . All right. Meanwhile, the house is skipping town. They will been gone for two weeks. Democrats are pushing for a quick impeachment probe. Nevertheless, maybe as soon as they get back. Chad pergram with the latest on all of that. What are we talking about here . Reporter they just started the congressional recess. They are out for two weeks and all members left here. I talked with adam schiff, chair of the intelligence committee. He says he will be here part of next week and they have some work to do. But they have to figure out what articles they are going the try to advance. If you go back and let history be our guide, in 1974 there were five articles of impeachment drafted by the Judiciary Committee against Richard Nixon. They only approved three. In 1998, there were four the house considered and they only impeached president clinton on two. So what comes next . This is what House Speaker nancy pelosi said this morning. They will do the work theyre set out to do following the facts and the time that it takes to find the facts. As you know, you never know where were going next. I think were getting involved in a coverup of the coverup and that may be something we will take some time to investigate. Reporter this is going to be the issue here. I talked to dean phillips, a freshman democrat from minnesota. He flipped a district from red to blue last cycle, and theres a sell job here that Many Democrats are going to have to do, an education process during this recess. Do you think you have to in any form educate constituents what is impeachment, how does it work . Its incumbent on us to share how that process works. Most people dont know. I think there are many people walking down these steps right behind me now that need some education on the subject. Reporter yesterday i talked to rashida tlaib, liberal democrat from michigan, about the recess, what needs to happen from the democratic perspective. She said quote, were not going to engage the people here. Shes saying its important to go back and talk to the constituents and explain to them what the process is. Steny hoyer, House Majority leader said quote, congress ought to be talking to its constituents. I think consideration of the publics viewpoint is critically important and we should get some polling on this by about the middle of next week. That will tell us what the water temperature is on impeachment, about middle of next week. Neil thank you very much, my friend. Chad in washington. Meanwhile, stocks were just at their lowest level of the day. They bounced back a little on confusing statements were getting, first attributed to a bloomberg report, later confirmed by the white house that it wants to limit China Investment to Chinese Companies that are here, maybe delist some of them. It upped the ante on the trade war and this on top of all the impeachment noise, you have investors selling first, asking questions later. Lets bring in our panel. Realclear politics associate editor a. B. Stoddard. Forbes managing editor mike hozanian and dow jones news wire chief editor, glenn hall. All right. A. B. , let me ask you first on the china stuff. This just broke about an hour ago, but confusing signals. The white house apparently says has nothing to do with the trade talks pending but it has everything to do with the trade talks pending. Well, i mean, people looking for some progress are really continuously flustered because President Trump just a few days ago said i dont need a deal before the election. Neil but he does, doesnt he . Of course he does, but he really keeps up this bluster no matter what while he always says xis his friend and its going to be fine. I think that there are people who, you know, believe that hes going to break into deal mode in 2020 but that hes going to push through this fall trying to stay tough and i just think that, you know, its clear that the chinese, their economy is suffering. Thats all true. They are not paying the tariffs, we are suffering, our consumers are, and politically this is incredibly damaging potentially for the president , but many republicans in states that the ag community has been devastated and sees their markets gone permanently in some cases. So they are desperate for something to happen. But they are trying to read the tea leaves of where they dont think the chinese will break this fall and they dont think the president will break this fall, where in 2020 this could come together. Neil and the impeachment stuff, right . Obviously we should posit, i always like to say the markets arent red or blue. Theyre green. They love money. God bless them. Thats why this largely conservative crowd wanted bill clinton to stay in office in the middle of what was an economic and internet boom, and economic boom, so that was the backdrop. Richard nixon wasnt so fortunate 20 plus years earlier. Im not saying a Strong Economy would have saved him from, you know, impeachment threats and ultimately resigning, but it does give you a reminder the backdrop thats so important. Like in that special thats out now about motown, hitsville, they were talking about all the different people that worked there, right, saying it wasnt just black people, he said we had black people, white people, because the business, successful color of business is green. Theres no color to it. Yeah. Im not so sure yet to get a deal done with china before the next election. I think he has a broader time frame than the chinese do. I think theres more damage to the chinese economy than there is the u. S. Economy. But i think if he really wanted to armtwist the chinese over investments and things like that, he would come down stricter on accounting rules. There are reporting rules neil there you are hurting u. S. Investors. Exactly. I think theres a better way to do it. Neil where does all this go . For markets theres more uncertainty and this is adding to the uncertainty. The uncertainty is here to stay. I dont know how long its here to stay but its here to stay for awhile. Every twist and turn, the markets are trying to figure out is policy going to change, is anything impacting this. We were wondering would this impeachment start to affect the market. Thats too far off into the future before any action would change policy there. The markets are looking, right now what do we know . They are worried also about the u. S. Economy. How is it doing. You see Consumer Spending weakness showing up. Thats going to weigh on the market as well. So all of these things that suggest that a deal may or may not happen or that the u. S. Economy or may may not be able to chug on through, thats what the markets are obsessed with. Also, the thing thats important is impeachment, the markets arent just seeing the house may impeach or probably will but that the senate would not convict, so i think the markets might react only if they see republicans beginning to turn. In polling, constituents and then their members on capitol hill. Neil you would necessitateded republicans to turn. Even an acquittal threshold but people turning still would [ speaking simultaneously ] its the idea theyre worried about their senate majority. Not that they will get to the point where they convict but the breakaways that lead to concern about the senate majority. But the chinese anticipate that the president is more vulnerable because of this and will be increasingly behaving erratically and will become more, you know, obsessive about this because thats his record. So that is neil what about that argument . Look, they need this deal a lot more than us and they are stumbling and all this, they growing at a 6 clip. They dont need a deal by november 3 of next year. Neil right. What do you think . The market has yawned at impeachment, yawned at the mueller report, its yawning at this. If you look at how stocks are priced relative to earnings, they are pretty expensive. Its not expecting, you know, him to be impeached. I think the democrats neil of course, the market didnt expect it with Richard Nixon when the watergate hearings started. Correct. Neil it came out. When you have when you have adam schiff coming out doing a parody of this conversation neil that was weird. Its almost like this has become south park. If you step back and look at the economy, wage growth, income growth, corporate profits, business investment, new home sales, all signals are strong. Neil by the way, speaking of that, i think its the Federal Reserve bank of philadelphia, guys, Federal Reserve is on the wires, check me on that, i think its philadelphia, they should hold firm, that is the Federal Reserve should hold firm on rates unless things settle down. Hes one of those who is not in the camp that says you have to keep cutting and doing the president s bidding on this and all that. Hold firm with rates where they are now. I agree. I think thats one area where the president has been wrong. I dont think we need rate cuts. I think a strong, stable dollar is good. I think that a strong, stable dollar is the big reason why oil prices have fallen the last five years. Neil theyre concerned that that backfires. What if we have an internal civil warbling building on the Federal Reserve . Three opted not to join the latest move to cut rates a quarter point, one who wanted even a bigger cut, two others who wanted no cut. How bad is this getting . That will be a big test for chairman powell to see how he navigates a divided fed. Neil the president calls them all boneheads. Colorful way to refer to the Federal Reserve. Lets hope they do what they have been doing, which is focus on the economy, focus on the feds mandate and try to make sure we continue to see the growth at the level were seeing. I think thats what theyre focused on. Theyre not doing it for politics. Theyre doing it because thats their mandate. I feel they have been pretty clear on their path so far. [ inaudible ] if he sees any indicators wobbling around, badgering jay powell again. Neil if something happens, you can preblame someone here and that would be the Federal Reserve . Hes pretty much set that up. Neil back to the impeachment stuff, the other uncertainty along with trade. A lot of people are saying theres no there, there. Theyre saying you have to prove stuff, quid pro quo. I get a split view from lawyers on this. A quid pro quo to me could also be whether you got what you wanted to get the material you wanted on joe biden. Others tell me no, no, no, its aid that was in abeyance and if that was conflicted, or compromised then you have high crimes and misdemeanors. You talk to people all the time. Whats the read . Republicans are staying, as you know, universally silent with the exception of two, three people making some skeptical comments or criticism. Neil the most they say, i dont like the sound of this. They dont say impeach. But they believe no, they dont say it out loud but they believe this is bad. But neil, what they are worried about is next week and the week after. The whistleblower is going to go not only before the House Intelligence Committee but the Senate Intelligence committee. Richard burr, the chairman, plans to work through the recess. The whistleblower is credible. No matter what the white house says, hes credible by the definition of the acting dni and he acted in good faith as a person, not just a complaint. And we have learned more about him which, you know, could endanger his life, but basically, he is a credible whistleblower. Whats really scary to the white house and republicans is its not the whistleblower, right, the whistleblower pulls the alarm and theres a fire, right, and someone said to me this morning its there, there. Its the other people in the white house that engaged with the whistleblower. And theres one more thing. The Rudy Giuliani thing, we all love to laugh about it, the internet has been full of reminding us of rudy in drag and trump leaning in to kiss the back of him, everything. These two need a nice variety show together and lets be done with it. But the truth is its really dangerous what hes doing. Hes throwing the secretary of state under the bus. He has been at this since january. He has receipts. If you are a republican senator, there is much more to come in terms of trump world recriminations, lots of tension, what is he doing to pence, whats going on, who was involved in the conversation. Mulvaney [ speaking simultaneously ] they dont know whats coming. They dont know whats coming. The dangerous part of the appearance of the coverup. If theres a coverup, theres an implicit acknowledgment something might not have been good. Neil thats what was reported. Its always the coverup seems to be the bigger catch. Neil we dont know that for sure yet but to a. B. s point, if it goes on and on and on democrats have stopped with the phone call. The phone call is the solicitation of help from a foreign government, whether we get to quid pro quo, whether you get to coverups, whether you get to proof, hes admitted to what we know happened on the phone call, which george w. Bush would not have been, this would not have been tolerated by him or president obama. Neil you think something mushrooms from here . I dont know where this is going. I know republicans are afraid of what more the whistleblower testimony might reveal and what the Rudy Giuliani role might be. Neil we will watch that. Also watching oil prices. They were tanking earlier on reports at least coming from the iranians that the u. S. Offered to release all sanctions, lift all of them if they resumed talks. The white house shot back no, we did not. So now they are sort of getting back to even again. But man, oh, man, you talk between the oil markets, our own stock market, they dont know which way is up. They are going down. After this. [upbeat action music] pilot were going to be on the tarmac for another 45 minutes or so. Do you want me to go first or do you want to go first, brea . You can go first. Audible reintroduced this whole world to me. So many Great Stories from amazing people. Makes me wanna be better. To connect with stories that im listening to thats inspiration. With audible originals, theres something for almost every taste in there. Everything you ever wanted to hear. Our ability to empathize through these stories can be transformational. Its my own thing that i can do for me. Download audible and start listening today. And my side super soft . Be firm . With the sleep number 360 smart bed you can both. Adjust your comfort with your sleep number setting. So, can it help us fall asleep faster . Yes, by gently warming your feet. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. Will it help me keep up with him . Yup. So, you can really promise better sleep . Not promise. Prove. And now save up to 500 on select sleep number 360 smart beds. Plus 0 interest for 48months. Ends saturday neil all right. This ones confusing, too. The president is disputing these iranian claims this morning that he offered to remove all sanctions in exchange for talks. Now, that sent oil prices plummeting, obviously lots of risky assets there, right . Blake burman has the latest from the white house trying to clarify all of this. They are saying no such talks started, right . Reporter yeah. And this would run completely counter to u. S. Foreign policy, at least under the trump administration, which is what raised so many eyebrows earlier today. Here was the claim from president rouhani. He says the u. S. Had agreed to lift all sanctions against iran in exchange for a president ial meeting. Now, rouhani of course was in new york city earlier this week for the u. N. Meetings and he said that he met with u. S. Officials, and at those meetings, european leaders as well, and says the following. Says quote, it was up for debate what sanctions will be lifted and they, meaning the United States, had said clearly we will lift all sanctions. However, that caught the attention of President Trump this morning, who then took to twitter and said it was absolutely not the case. The tweet right here, he said i said of course capital n, capital o, exclamation point. The Deputy Press Secretary hogan gidley further elaborated by saying the following. Quote, this is a flatout lie. Rouhani wanted President Trump to remove the sanctions and end the maximum pressure campaign, and the president told them no, absolutely not. A state Department Official also pushing back on the notion that any u. S. Officials met with rouhani in new york earlier this week. You see him there entering the u. S. Facility on wednesday. Rouhani also contends that iran is ready for negotiations but not during the current u. S. Posture of sanctions and pressure. So leading into the u. N. There was all this talk and questions of whether or not President Trump and president rouhani would sit down and meet. The president said he always leaves door open for stuff like this but clearly, when you hear the backandforth here, it leaves a very real question as to when and if and how these two could even potentially meet down the line. Neil yeah. Theyre not going to meet accidentally, maybe this stretches that point. Thank you very, very much. Glenn hall, lets give the benefit of the doubt that they were kicking it around. It wouldnt be unusual. Then what . Well, its clear that a deal is wanted and it feels like the iranians are pushing harder to try to bring something to the table. We have been seeing pressure outside of iran as well. People would like to see this get resolved. Theres a lot of tension in the air. Neil they would have to know in revealing Something Like this, they could risk torpedoing it. Definitely. You put the president on his back foot, hes going to step forward, right . That may be part of whats playing out here. Im sure if it was discussed, the sanctions were discussed. Then is it iran saying all or nothing, is the u. S. Saying all or nothing . Were they listening and was that overinterpreted . Or is it just Wishful Thinking . Neil [ inaudible ] administration ripped up that agreement, said it was a waste of time. There might be a method to it but your thoughts . First of all, the administration, the president has sent many, many signals. There was going to be a strike in june, then there wasnt. There was going to be a line of credit, then there wasnt. There was going to be he said many times he would meet without preconditions. He had many cabinet members repeating that and the Vice President , then he said a few weeks back, never said that. So there have been many, many mixed signals. The Senior National security official described it to me about a month ago that this was all going to bring iran to the table, the provocations had died down, this is of course before they attacked the saudi refineries. Neil we havent responded in any way. We have not. But i thought they werent going to be allowed at the u. N. General assembly so thats interesting, because they were going to sanction their visas. Neil but to the extent of freezing their funds at the central bank, is that it for now . They are planning more and theyre not just economic. Sanctions can be broader. Lets also put on the table the iranians lie. They make up stuff all the time. It could provoke trump and make things harder, but they know that this administration wants to come to the table. They have been saying well never come without, you know, release of sanctions. I dont know how this gets you closer but i agree with you, it wouldnt be farfetched that the administration was trying to do a line of credit or another offer that would bring them back. Trump is an extremely close ally with israel. Hes not going to put a deal in place, in my opinion, that would jeopardize israel. The sanctions have caused a lot of damage to iran. Their Unemployment Rate is like 12 . They need oil exports to fund 30 of their budget. I mean, iran neil they are a country pinned to the corner. They sure know how to lash out. They can lash out but im telling you, donald trump and the Prime Minister of israel are tight and theres no way neil assuming he can cobble together a coalition government. He is not going to make the same mistake president obama did with that type of a deal. I guarantee it. Neil all right. Does the thought of making a deal with iran, not even like the nuclear thing, thats one thing, but it would shake things up in that region. Im wondering the longterm investment change that would come with that. What do you think . Well, we have been there before, right, in terms of the eagerness with which investment was going to pour into iran as things looked like they were changing. Then they didnt change. In fact, went the opposite direction. That investment got lost, right. So iran is a difficult market to get into. I focus on the oil markets right now. Thats where iran is the biggest threat and the opportunity is to remove that threat and let the markets return to a more normal pricing pressure. Neil all right. The air is out of the room with the slide in oil prices. Well see. Meanwhile, the United Auto Workers strike continuing now. Its two weeks old. But signs, signs at least that a deal is close. We heard that yesterday and the day before yesterday and the day before. After this. At fidelity, we believe your money should always be working harder. Thats why your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Of the value youll find at fidelity. Im working to treat every car like i treat mine. Adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what hes working for. Our because of smoking. Ital. But we still had to have a cigarette. Had to. But then, we were like. What are we doing . The nicodermcq patch helps prevent your urge to smoke all day. Nicodermcq. You know why, we know how. Neil all right. They call it the final stretch. Of course, its been a long final stretch. Grady trimble in detroit, where things stand between General Motors and the United Auto Workers. What are you hearing . Reporter hey, neil. We heard that negotiations went late into the night last night, about 10 30 is when they wrapped up, and whether that indicates theyre getting closer to a deal, that remains to be seen. They picked back up of course again this morning here at gms headquarters. But a source close to the negotiation tells us theyre still far apart on some major issues, and the issues that theyre far apart on are the ones we have been talking about since this thing started, things like health care, worker pay and a path to fulltime employment for temporary workers. As you said, this is the twelfth day of the strike and as it stretches into the weekend, the picketing workers remain steadfast. They say theyre going to stay on the line until they have a deal. How long can you and the other workers go, you know, without getting your paycheck from gm . Hey, we have to go as long as we have to go. Weve got a responsibility as Union Members to leave this police a little better. Reporter now, as the minutes tick by, its looking more and more likely that this will continue into the weekend. One person who is planning on that is pete buttigieg, the mayor of south bend, indiana. Hes visiting picketing workers at a plant in reno, nevada and by my count, hes the seventh 2020 president ial hopeful on the democratic side to visit workers. Hes going to a Parts Distribution facility. Thats become a critical part of this strike, because dealerships tell us they have plenty of cars on the lot but they are running out of parts. So when you bring your car in for service, if you have a gm car, you might expect to wait a little longer and if this strike continues into week number three, it will become even more of a problem for those dealerships. Neil very true. I had forgotten about that. Thank you, Grady Trimble in detroit. The spillover effects of this, 7,000 layoffs in canada as a result of whats happening with the strike affecting some 48,000 workers. Stay with us. Limu emu doug hour 36 in the stakeout. As soon as the homeowners arrive, well inform them that Liberty Mutual customizes Home Insurance, so theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. What do you look for i want free access to research. Yep, td ameritrades got that. Free access to every platform. Yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. No hidden fees. No platform fees. No trade minimums. And yes, its all at one low price. Td ameritrade. Neil all right. That wealth gap between the very rich and very poor continues to widen, democrats seizing on that with a wealth tax they say will at least force it down or narrow it down. The wall street Journal Editorial Board member, dan henninger, on all of this. Dan, to a man or woman, they are all pushing higher taxes to force at least the top part of that down, change the equation a little bit, but where is all of this going . Well, its going to a very interesting debate in the next president ial election, once donald trump becomes engaged. I mean, trump as president has been presiding over an economy over the past two and a half years that has been growing, and the question is whether the issue is going to be wealth at the top or whether it benefits jobs accruing to people at the bottom. The Census Bureau just put out some data on 2018 and the job growth among femaleheaded households, especially black and hispanic households, has been pretty significant. So people would say Median Income has risen for people between the ages of 15 and 35 so those are real jobs, real wealth gains. Thats upward mobility. The question is whether you want an economy that allows upward mobility, or one that simply squeezes money out of the upper 1. 1 . Neil you know, i notice the parties can be very creative coming up with ways for revenue but not exactly saving the revenue. That aside, im looking at some of these plans and they are all variations of wealth or you know, selfworth taxes. I had billionaire ken fisher here who said that money can move. The very very wealthy had very very shrewd about this. They can always move. Is that a legitimate possibility . Absolutely, and it has moved over time. We have seen money move into this country when tax rates are lowered. You know, the key word in my opinion is incentives. Dont we want more mark zuckerbergs, more bill gates, steve jobs, all these people . Their tremendous wealth as they are creating it, they are creating a tremendous amount of jobs. Personally, i dont care about the gap in wages. I dont care that somebody like you is making ten times more than me. I just want my wages to go up. You know, in north korea, they all make the same. Its like zero. You know . Do any neil they also dont have electricity. Do any of these plans, do they ever point to a country and say theres the model we want . Last year, total taxes were 3. 3 trillion collected in this country. Total corporate profits were only 2. 1 trillion. Where is the theft coming from . Its coming from the federal government, by taking more and more money and creating dependency on people for the government for their wages. Neil we touched on this last hour, that it used to be a lot of rich guys are figuring they will bring back the top rate again, push it back to 39. 6 , whatever it was. This is much bigger than that. This is serious, serious tax hiking. So i think that biden should not do this. I think he should stay in the lane of the moderates and the party and the center of the country. That completely aside, the truth is both the the electorates of both parties like taxing the wealthy. Donald trump ran as a moderate, he was going to boost he was going to give the middle class a tax cut, he was going to tax wealthy people. The tax cut that he passed, this congress passed, is so politically unpopular they couldnt run on it in the 2018 midterms, they dont talk about it now because its seen in polling as a loser that only helps people at the top. But the economy is doing well. Neil because of that tax cut, you can make the argument the very gains we have seen in these employment levels neil, im telling you that there is a populist strain in both parties. They want to tax the wealthy. I think biden should try to win the general election by not going this far left, but thats the temptation. Neil what do you think . I think the calculus on the democrat side is that we are talking about thousands of individuals who would be affected against millions of voters who wouldnt be affected or might be net beneficiaries in their version of events. But your point earlier, you are going after the people who have the most expensive lawyers. They also have the opportunity to do other things with their money. So some of the calculations i have seen is the windfall to the government is not nearly as high as they think it would be when neil all of these states that have issued millionaire surtaxes, dan, i think you studied this sometime ago, they dont get the revenue they scombroe projected and it could lead to a slowdown. To a. B. s point, it is a popular theme. This has not been a fairly distributed recovery, when in fact all key demographic groups, i dont care whether you are republican or democrat, have seen very dramatic improvements on employment levels and the rest. I just wonder how donald trump, assuming hes a republican nominee, responds then to that and how he positions lets say to Elizabeth Warren, she would raise your taxes, she will interrupt this, now joe bidens saying the same, that whatever the tax level is now, its going to go up and you are all going to be getting the shorter end of that stick. How is that going to play out . Well, it depends on who is the democratic nominee. I think a. B. Has a point about biden going down the middle moderate path and just say were going to raise some taxes on the wealthy. Neil hes not going moderate anymore. On the other hand, if it is Elizabeth Warren or Bernie Sanders who have proposed extraordinarily expensive plans like such as medicare for all, free college tuition, that is inevitably going to result or require taxation on more than just the wealthy. Bernie, to his credit, has been straightforward about that, saying it will lead to possibly higher taxes on the middle class. Elizabeth warren, interestingly, will not answer that question, whether her proposals are going to require a tax increase for people other than the wealthy. I think donald trump is going to drive that issue very very hard against Elizabeth Warren, or Bernie Sanders, pointing out the job creation under his administration that has led to a labor shortage in the United States. Neil yeah, i think Bernie Sanders is saying the middle class might pay more but they are going to get a lot more, but Elizabeth Warren hasnt done that at all. I know up until now, joe biden was talking about the corporate rate which was introduc reduced bring it up to 25 but certainly not 35 . This would be a big step in that big tax direction for him, wouldnt it . It would be. But isnt it telling that just this past week, the president of france, emanuel macron, is also proposing a reduction in the Corporate Tax rate over there. I think at the level of serious people, they have recognized that the United States dropping its Corporate Tax rate 40 really did liberate a lot of Investment Capital in the United States the last two and a half years. Neil hes still pushing higher taxes on the wealthy, guys like you. No, not me. I think they kind of abandoned the wealth tax over in france. It just wasnt that popular. As you were suggesting earlier, money can migrate. It migrates, people are moving out of new york, connecticut, new jersey, into states with no taxes like texas and florida. Neil thank you, my friend. Always good having you on. Dan henninger of the wall street journal, Fox News Contributor as well. They talk about all these ipos. Now another one ipno go. Ill explain after this. Have you lost weight . Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. Why accept it frompt an incompyour allergy pills . E else. Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief it also has the highest growth in manufacturing jobs in the us. Its a competition for the talent. Employees need more than just a paycheck. You definitely want to take advantage of all the benefits you can get. 2 3 of employees said that the workplace is an important source for personal savings and protection solutions. The workplace should be a source of financial security. Keeping your people happy is what keeps your people. Thats Financial Wellness. Put your employees on a path to Financial Wellness with prudential. Neil well, theyre not endeavoring right now. The Hollywood Talent Agency with big names like Serena Williams and tina fey delaying its ipo for the second time after pelotons disappointing offering yesterday. To making money host charles payne. What the heck is going on here . We have had bumpy rides but they are getting bumpier. They are, neil, and i got to tell you, im actually thrilled that investors are shunning most of these names, because somethings happened over the last several years and its called greed. Its called Silicon Valley greed. You know, they raise money on the private side of these deals and they rachet them up from a billion to two billion to three billion to four billion, 10 billion, 20 billion, then they tell the public hey, you want a piece of the action, when in fact they are cashing out on the backs of the smaller investors in this country. Heres what people need to do. I think theres an epiphany going on. Let them come public. If theyre not ready like peloton which is telling us they may be profitable by 2023 like some of these other companies that say they may never be profitable, let them trade for awhile. Remember facebook was an unmitigated disaster as an ipo. If you bought it after it settled down, you have made yourself a fortune. Its not the only one. The College Textbook company, the same thing. Etsy, the same thing. When they come public and are too rich, particularly those that arent making a profit, i think investors are doing the right thing by shunning them. Neil to me, its a counterindicator. I dont think its bad on the market. I think its constructive that people will be drawn to something that on paper looks bad. You dont have a model behind you, well, its not going to happen. Whereas you and i, at least you are old enough to remember the internet and dotcom boom and all these kids coming forward, earnings dont matter anymore and they did. They matter now. They were making up metrics, eyeballs, lefthanded people that use our products. Anything to testify to valuation. Everything except earnings, right . Neil you are absolutely right. Cant wait for the show making money at 2 00 p. M. Hes a star. All right. You want to avoid sitting next to a crying kid on a plane, you know theres actually a little sign for that. The airline that is doing just that, after this. D where nothing gets in the way of doing great work. Where an American Icon uses the latest hr tools to stay true to the family recipe. Where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. Where the nations Biggest Party store can staff up quickly as soon as its time for fun. This is the world of adp. Hr, talent, time, benefits and payroll. Designed for people. Their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . 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This kind of plan goes with you anywhere you travel in the country. So go ahead, spend winter somewhere warm. If youre turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. Thumbs up to that remember, the time to prepare is before you go on medicare dont wait. Get started today. Call unitedhealthcare and ask for your free decision guide. Learn more about aarp Medicare Supplement plan options and rates to fit your needs oh, and happy birthday. Or retirement. In advance. Oh, great. I always end up sitting next to a damn baby. What . What did you just say . Waa waa my ears are popping and theres no way to console me neil ever have to sit next to a crying baby on a plane or in front of one . Japan airlines is now allowing passengers to see where infants are sitting. I guess its targeted at infants, when booking a ticket. If you see one near you, you can ask for a different seat. There you go. What do you think of this . All right. Well, i love that people are getting offended because they love their babies and think they can take them everywhere but the blood occurr bloodcurdling yell of a baby, not a kid kicking the seat neil it happens. Yes, it happens but it doesnt mean the family cant bring the baby on the airplane and that you cant hear it throughout the entire its true, the entire airplane. But if you can avoid having it right next to you or within 12 rows, i think that thats a service that i would pay for. Neil its an enclosed environment. I dont care where youre sitting. I know you fly private. Still, right . You think about this, you wonder who is going to take that seat . Or are they going to charge a premium for the nonbaby seat . What other kinds of passengers will they flag for us in the future so we cannot sit next to them . Neil why not take all the babies and put them in an area . I can hear the angry mother tweets coming in right now. Neil exactly. This is just like a part of our society where we are today. Everybody is so offended by everything. Yeah. Yeah. Im offended that you said that. That was my point here. Thats why i think its unfair to take offense, because i have three babies in 22 months. I had twins and another. Every time we got near an airplane we would apologize to everyone at the gate. Neil preapologize. We would say were not traveling for a funeral but its important, we are so sorry. Its a hideous sound. Neil there you go. You would be open to people having that flexibility . Yes. I think and if you are willing to pay a premium for it, to be 26 rows away, why not . Neil can you hear them from first class . Not with my headphones on. Neil heres another interesting issue. A lot of h. R. Experts are warning that this impeachment talk and all this other stuff, that is not good to be yapping about in the workplace. Let professionals do this, people, like on a cable news show. Try it at work, youre in big trouble. Thats the fear. Right . Sort of like politics at thanksgiving. Politics, religion, stay away from it. Go heavy sports. Its been a beautiful late summer, early fall. Weather. I dont need any more people to not like me than already do. I stay away from that. Neil i find that very very hard to believe. I just think there are establishments that say dont even bring up politics at all. In fact, its forbidden. I dont know how much you can force an issue like that. What do you think . Im amazed, though, i mean, at the numbers that are being reported about this, its pretty unbelievable. Neil what do you mean, the numbers . How much, you know, Human Resources are having to deal with these altercations and neil they get pretty bad. And less productivity and all this tension. I do think that you would start with a ban, dont do it, and then you would have to, you know, punish people for doing it as you mediate all these arguments. Its awful but it is on the rise. It really is. Neil it is on the rise. Where do you draw the line, though, with Something Like this . We got the baseball playoffs starting soon. It will get heated there. Neil you are a sports nut. Youre on top of all that. What are you going to not talk about . Isnt it common sense, really, you dont want to bring these tensions unnecessarily into the workplace which is already filled with enough tension as it is . Neil do you find people will argue about anything . Its a buying opportunity, its a selling opportunity. Calm down. We all get too nutty. Uncommon common sense. Neil there you go. Write that down. Uncommon common sense. All right. Theres a new update now that lets drivers summon their car with no driver at the wheel. A. B. , this has you written all over it. Could you smell my fear . I have such a problem with driverless cars. I know i have to come around, they are safer than humans, all these things. But theyre not there yet. Im not there yet. The summon and everything neil but this is all the rage. It scares me so much. It freaks me out, too. Besides, are we getting to the point where we dont want to do anything . Exactly. I want to drive my car. Neil wouldnt it be a killer if it came with a baby crying . This is going to be where its going to happen first is with trucking. Neil i dont know. Youre right. Statistics say its very very safe but boy, oh, boy. I feel like theres enough cars on the road with drivers in them, we dont need dozens more without drivers in them. Neil what would be the benefit, say you are into driverless cars, of calling one to come . I guess that would be a draw, right . You can call uber, you can call lyft, you can call a cab. Neil but theres a human being in that. Right . Do you insure a driverless car, too . What is the point of this . Do i look like carson to you . I dont know. Its happening. But it is a trend. It is a trend. And you are right, its just promoting laziness. So many ways. Neil someone told me, though, all the major auto giants are going this electric car route. I dont know about the selfdriving. Volvo will soon, within five years, have an entire electric line, if nothing else. They are all moving in that direction. And the next step after that is making them all driverless. But we have such a love affair with our cars in this country, i cannot see our ceding that to a machine. I cant, either. I dont understand, again, its just one of those things. Im sure its coming, im sure its safe, there has to be a reason, but it seems like one of these new creations where were not really asking why. To me its just nonsense. Convenience, right . Thats really what it comes down to. You can take a nap . There are times you want to drive and there are times this is a fivehour trip, lets watch some tv. This is how neil someone said the driverless [ speaking simultaneously ] thats called runaway horse. Neil guys, thank you all very much. They are the best. Right now, they havent done anything to help this market, though. We are still down about 78 points. Theres a lot of confusion on impeachment. It could get worse. A lot of stuff a. B. Was warning about is out there, that obviously adam schiff wants to get moving on impeachment hearings. He says in just a matter of days. So that is a worry out there for folks who just want this worry to go away. Two words. Its not. More after this. Oh, wow. You two are going to have such a great trip. Thanks to you, we will. This is why voya helps reach todays goals. All while helping you to and through retirement. Can you help with these . Were more of the plan, invest and protect kind of help. Voya. Helping you to and through retirement. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease. The only fda approved medicine. 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With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums neil think all democrats are hot to trot on this impeachment thing. I want you to meet jeff van drew, new jersey congressman. He joins me saturday. Against the impeachment push for the timebeing. Well have South Carolina senator tim scott. Here is a guy you know very well, charles payne. Charles thank you very much, neil. Look forward to the show tomorrow. Im charles payne. Fox confirming that the white house is considering limiting American Investment flows to china and maybe delisting chinese stocks from u. S. Exchanges. What that means from our trade fight with china. Joe biden feels the heat. Why biden is looking to take a page from warrens playbook. Apple planning to release movies in theaters before coming to apple tv. Will the
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