Making money charles we came out of the gate strong but stocks hard to find their feeding when the white house is considering limiting chinese participation in stocks. Steve moore and heather zumarriaga. Steve moore, i think its a bad idea. I know some of these are flaky names on here but to reverse this right now, were talking about one trillion dollars worth of stocks on u. S. Exchanges. Yeah. I was caught by surprise. I didnt know this was coming, charles. I think everybody is a little bit surprised by it. I think what it signifies, i think the reason the market has reacted negatively that trump is tightening the screws here. Instead of getting a deescalation in the trade tensions, unfortunately looks like were seeing further escalation. My view, as soon as you get a trade deal the American Economy and stock market go through the roof. That is it what everybody is waiting for. This is meant to tighten the screws on beijing, get them to come back to the bargaining table to make a deal. I dont know if it will work. Well see. Charles having said that though, heather, the market, the dow is off 90 points. We made a 200 point reversal. The fact of the matter, doesnt feel like wall street is taking this seriously. They are suggesting to the white house if youre watching we dont like the idea. Absolutely. The markets have been tied to chinese trade relations since this trade, well if you dont want to call eight trade war, pushing back on china and their unfair trading practices began. So it is tied, the Market Performance is tied more to china than it is to the fed or than it is to peach peep or iran or any other impeachment or iran or any other risk out there in the global world. It is important despite a mild selloff in the dow. Charles here is the thing. President trump negotiated this differently than the book said to negotiate it. He threw away the old statecraft book. That is true of everything donald trump does. Charles the people surrounding him, saying chinese you have to keep them offguard. We have tariffs ranch ched all the way up potentially. What is the next thing . You have to go into the next meeting knowing we have other arrows in our quiver. As a negotiating move is it really that awful . You know, i think there is a bit of a market overreaction although i think heather is right. The reaction hasnt been that negative. People understand it for what it is. It is a manuever, a bargaining chip trump is sending out there. So i dont think that the market has overreacted, heather is right, the market wants a deal here, charles. Charles sure. That is what everybody is waiting for. I cant tell you how many ceos i talk to, just get the deal done well start spending again. Im very worried what is happening with Capital Investment spending. Weve seen nice numbers on the consumer spending. The consumer cannot carry the economy on its shoulder. We need businesses to invest again. A lot of ceos are telling me were waiting for that deal. Charles i do want to point out, heather, were showing big wellknown names, alibabas of the world, so we should have an extra be be a little extra cautious no matter what . Oh, absolutely. Thats another grievance. Were saying listen, we want fair and free trade with china and we want fair and free Market Operations and open Market Access to your economy but if theyre not playing fair back with us, then thats why the u. S. Is pushing back. I think most republicans would be in the camp of free trade camp not having a protectionist stance like Elizabeth Warren for example. But the problem is, how do we do free trade with someone else if theyre not will willing to do free trade or play by the same rules that the u. S. Is playing by . Charles steve, heather, stay with me. Fresh details on what the biden team is considering. It will be a massive wall street tax, hillary . Reporter thats right, charles. Advisors tell the Washington Post they are thinking about a wall street tax. The reason why because his rivals, Bernie Sanders and Elizabeth Warren are really nipping at joe bidens heels in the polls as he tries to cling on to frontrunner status which means progressive policies from warren and sanders are pushing biden further left. So one of these new ideas he may be rolling out ask a wealth tax which he has not embraced yet. Biden Campaign Advisors tell the Washington Post he may introduce a new tax on wall street that would tax Financial Transactions like selling stocks and bonds. That is something that would affect 55 of americans according to gallup who own shares or have holdings somewhere else. Still that doesnt go as far as Bernie Sanders plan who has four different ways that he wants to tax rich people. Starting at 1 for households worth over 32 million to as high as 8 on 10 billiondollar fortunes. Warrens plan would raise taxes on the top 70,000 households including a 2 tax on assets over 50 million. Both warren and biden are multimillionaires. Sanders is not. Both multimillionaires biden and warren campaigned in the granite state. Warren told voters there she wants money from high earners, not because, quote, she is cranky at rich people. She needs a way to pay for all of her plans. Biden didnt go as far as as that. He wanted to raise taxes on corporations but didnt single out people to himself who have millions of dollars to their name. Charles hillary, thank you very. There is a reason biden is eyeing wall street. Elizabeth warren is a juggernaut. She threw down the gauntlet on wall street. She is not afraid, that democratic donors on wall street are saying if she gets nomination, they will sit out the fundraising cycle, believe it or not they will vote for President Trump. I want to bring in heather zumarriaga back in here. Steve, they are limousine liberals, they write checks for progressive causes. There is a line for them. Elizabeth warren has her sights on wall street. I guess rich people and investors are the new deplorables. Im disgusted by this frankly. Where are the progrowth democrats . Where are the democrats who want a booming stock market and see it as a good thing when people get rich . This just doesnt affect rich people, as you know. It will affect the whole market. It will depress the whole market. People with 401 k plans. People that buy and sell stocks, people with retirement accounts will get crunched by this the fact that Elizabeth Warren is taking such a cavalier attitudes towards it, i dont care about the rich people, most of these people are Business Owners and they make the economy grow. I want people to celebrate wealth, not try to denigrate it. Charles heather is working for warren at least in the polls. For weeks she had the momentum. Bearing out in the polls. She has energy, enthusiasm. She has the crowds. I really believe she will go through all of this. Im not so sure if joe biden would if he were elected. Certainly democrats all of them lurching to the left. Yeah, but i dont think it is necessarily working for her. Maybe over the short run because of recent light and scrutiny over, former Vice President joe bidens shady dealings, Family Business practices, ukraine phone call with President Trump shed light on has caused his polls to decline. Democrats dont admit that. They dont want to. Elizabeth warren is rising in the polls because of her ideas. I think most americans are moderate. Yes, although theyre talking about raising taxes or a wealth tax of 8 over 10 billion or 2 on over 50 million. You think, well that doesnt impact me, maybe people like you, charles, steve moore have that kind of wealth sitting around but i think overall they see the plan like medicare for all cant just be paid by taxing the wealthy. I appreciate at least Bernie Sanders is honest saying you know what . Well have to raise taxes across the board. Charles yeah. Even on the middle class. People see that and get that. Charles bernie is honest and his poll numbers have been drifting lower. Steve, heather, i want to ask you, the populism, antiestablishmentism, if that is word is a global phenomenon right now. It got us modi in india, abe in japan. Got the new president in brazil, a wave of president s and prime ministers around the world including brexit. Feels like even if it is biden he will have to have a different platform. Woe have to govern far more left he probably would want to . That is why, thats why he is coming out right now, the Washington Post according to the Washington Post reporting that he is coming out with this, not a wealth tax a financial transaction tax. So every time you trade a stock or a bond. It is not just hedge funds or it is not just big banks or wall street. I mean there are people sitting at home watching the show right now that are retail traders. Do you want a financial tax on your transactions . To me that is moving further left as youre alluding to. He is saying if i want to rise in the polls i have to join that camp but i urge him not to. Charles steve, any chance this starts to impact the markets before november . I think it is already hurting drug stocks. I do. I think it will affect negatively the stock market if investors believe Elizabeth Warren could become the next president of the united states. I dont think they are afraid of biden. Bernie sanders will not be the president but warren is surging. Yeah, i think that is a problem for trump. If people actually think she could be president , it tanks the market before she is elected. Then people blame the bad market on trump. I think that is a great point. Watch how she does in the polls. As she rises it i think has negative impact on the markets. Charles im inclined to agree. Thank you both. Liberals jumping on a new study wealth inequality gap erupted to a 50year high. There is more to the story than meets the eye. I will explain it to you later in the show. As Health Care Costs rise, one private equity taking advantage of higher medical costs and he is a republican. Congressman greg walden is next. Tv announcer its just as powerful as the lexus rx. As many safety features as the rx, the new. The lexus rx has met its match. If theyre talking about you. You must be doing something right. Experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 a month for 36 months. Experience amazing at your lexus dealer. 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. 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Nearly 80 of americans say they Want Congress to pass legislation that would end this unexpected billing. I want to bring in oregon congressman greg walden. He is leading a charge with this proposal, the no surprises act. Thank you for joining us. More than welcome. Charles i was astonished at the statistic. One in five . This is huge. It is. Let me give you an example of a patient this happened to out of colorado, second son, born. She did all the work to make sure the hospital was under her insurance plan, everybody. The child had a medical problem at birth. They had to take him to a Neonatal Intensive Care Unit down the hall in the same hospital. He turned out he was hemophiliac. A month later they got a bill for 50,000. Even though the hospital was under her insurance, they had contracted out her neonatal care unit. How would you have the heck to know that, a 50,000dollar bill. This is the kind of thing happening. The system is being gamed. Consumers are losing. Charles two of the women our producing team same thing happened with them. Similar stories. They had to fight. It is exhausting, but it is interesting that the money ultimately, profits from this, a lot is going to private equity . In some cases. What we found is that there are private equity firms that bought companies. They buy out medical practices. They buy out the management of the emergency room. One case we know they took it out of network, raised the charges 96 over what was billed before and it was out of network. You know you dont always know when these changes occur in your insurance. Charles sure. That is piece of transparency for consumers. There is big money here. Okay, im a capitalist but this is outrageous and it is unfair and the consumers are getting the raw end of deal. Charles two other topics i hit you with. You alluded to the fact youre a capitalist. This is not usually a republican thing or happened in the past. What happened to the party, moving further left . No. I was always proconsumer even though i was a business owner. When people are taken advantage of unfairly you will always find me in their corner. Charles positive news. Usmca, u. S. Trade representative Robert Lighthizer reported that he has got some new proposals from democrats. Theyre working with him. In fact they work over the recess starting today. That is great news. In fact it had the market in pretty good rally mode today. Should we be hopeful . Yes. I think so, i havent held that opinion given everything going on in this town until recently. I understand they had a exchange of letters. They have good feedback. There are good meetings between nancy pelosi and ambassador lighthizer. This is good news. It needs to happen for America First and mexico and canada our biggest trading partners. Pan america had a new set of boundaries that doesnt require senate approval. Were making progress on the trade front thanks to the president. Charles vaping now up to 13, about 800 cases. How do you feel this notion of making illicit e cigarette sales a crime . They may need to go down this path. What were finding these deaths are associated almost always with the illicit sort of cartridges. A lot are putting oil in there, some cases Marijuana Oil and putting in thc or something else. The problem, your body or lungs cannot absorb oil, they heat it, vape it, condense it in your lungs and doesnt come out. We lost another oregonian the last day or so. We have to get to the bottom of it. I am troubled what were seeing happens to our kids. Youre seeing enormous up take of child usage with the products. We have to tackle this. Charles thank you. We covered three important topics. Glad to be with you, thank you. Charles scary headline, income inequality is on the rise. There is a lot more to the story. I will break down the what the results of a new study means. Thats next. Charles politicians and media jumping on a report that income inequality leaked to highest level in 15 years. This headline sounds scary and makes people angry. There is a lot more to the story. The news comes from the census bureau, the American Community survey. A companion to the report called the Current Population survey released two weeks ago. Both of them underscore what i think is the most important trend, we should be celebrating it, upward mobility. The lowest five Household Income brackets experienced declines as percentage of total Household Income. That is great news as there was increase in the top four brackets that starts at 75,000. Increase in income inequality because the largest percentage increase with the big bracket of 200,000 plus. The economists use a genie measure to determine inequality. Ideally 0. 0 is perfect score where households earn same income, 1. 0 means only one house is getting all the money. 38 states have between any scores lower than the national average. Only five have higher than national average, new york, d. C. , puerto rico, connecticut and california. There are so many factors and correlations influence income inequality. Education, living in city versus country. Some add race and gender just to name some. Hoover institution fellow, economist tim kaine. Well see this, im surprised it was not on top of every newscast. Maybe impeachment has it beat. Well read about this awful lot. If im Elizabeth Warren im working this into every speech right now . Oh, yeah. I heard it for years. It really doesnt matter when the annual report comes out. People on the left will start screaming, look how terrible things are. Charles, youre so right. Thank you for focusing on it, letting us get ahead of the story. That report says poverty is down. Number of households living in poverty is down. That is great news. To focus on inequality takes away from the progress were having. Progressives should believe in progress. I agree with everything you said. Take it one step further. Cant eat the cake, have it too. Income doesnt include things that matter, living in free society, environmental quality, oh is not distributed equally. No, income inequality doesnt measure things that matter. Our society is the freest in the world and our environment is getting better. Charles people say that sounds great. You are a guy on tv, have a nice tie, make a lot of money. I lived in the projects, my mother lived in the Proctor Gamble jesses. My greatgrandmother lived in the projects. How do we get out of this. The system seems tilted against us. That is not true. Im an economist. That makes me more disconnected in this world. I grew up, southwest columbus, ohio. That was not the wealthy part of town. My mom and dad didnt go to college but we worked hard. They were able to work hard and afford things like airconditioning microwaves. This is what capitalism provides. The problem those things are cheaper than ever. They say inequality is worse. The poor have nothing but crumbs. It is nonsense, i say that with confidence because of where i came from. Charles tim, we have 30 seconds. Are you concerned enough americans believe this . One of the parts i hate about it, the message of hopelessness. That is a disservice to the public. Amen. The smart candidates, i go back to ronald reagan, the poor are not resentful of the wealthy. They want to be wealthy. Lets create opportunity for them. You hinted earlier, lets get our Education System fixed so everyone has a fair shot. Charles tim, that was fantastic. Thank you very much. Appreciate it. Thanks, charles. Charles endeavor, the Hollywood Agency that representatives matt damon and oprah is delaying their ipo after the pelotons disappointing debut yesterday. Im calling it a good thing. Constant strong performance, big momentum stocks are slipping big tile. What happens when the biggest names in the market go to free fall . Im worried about it. Thats next. 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. 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. Now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. 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. Im not really a, i thought wall street guy. Ns. Shipsticks. Com saves you time and money. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade charles so the market is lower with trade uncertainty. Stress of the big momentum names. Look at the hits over the last few days. I have to tell you this morning jpmorgan came out defended netflix. In fact gave it a target of 465. Amazon got an upgrade. Poor performance by peloton, by the way i think that is great news. Means smarter investors are not taking the date on so of these things. They are not ready to be monotized by Silicon Valley and wall street by the overpriced ipos. I want to bring in rob luna and Kingsview Wealth Management cio scott martin. Scott, i have to start with the names that driven up everyones portfolio the last five years, that is the big momentum grade. Netflix, amazons, facebooks of the world. What is going on . Theyre heavily cap weighted those indexes youre talking about charles. Those companies when they go up charles why have they gone down so much recently . What is funny, charles. Weve seen this movie before. Over last couple years of the market. Market gets in moods. As we tell our investors, charles, there is just times when stocks dont want to go up. That sounds trivial. Sometimes the momentum trade to your point get reversed. If you look at fundamentals, valuations in the marketplace, interest rates, fed accommodation, there are many more things i can say along that line, i still believe that is providing a lot of support for the big cap names in the s p 500 and nasi. Charles rob, there is some thinking on the street, these are great companies, they just got ahead of themselves. Their valuations are a little bit too high and we can no longer afford the outsized valuations. Do you agree with that . Yeah. I think so. Some of these stocks have had a tremendous runup as you know, charles. I think the market is in a place, technically were bumping up against resistance. Only thing that will get us through the levels is a china deal. October 10th meeting date the market got extremely excited. We heard from trump going on what is investment in the u. S. And china. Everything took a leg down. Until that gets done, high valuation stocks will get under pressure. Netflix as the own issues. That stock is down 25, 26 . Charles to your point we have netflix at the lows. Markets at the lows. The october 10th date looms large, it gives President Trump not a chance to implement the next round of tariffs if things go well. Youre right on that. Meantime, scott are there any names since they have been pulling back look attractive to you . I like amazon here, charles. Amazon is struggling last few weeks. Not as bad as netflix. Hasnt been performing all that well. Facebook too, with the litigation. When you get a pullback on facebook on headline risk, i believe that is an opportunity to enter. Like i commented previously, charles, those are two companies, agree valuations in a word like the kids would say, whack on some of those names but youre paying a reasonable price for them in a sense the multiple is fair to me because of the fact they have such top line and bottomline growth. When you have Companies Trading expensive look at some of the Growth Prospects they have, cash flow numbers that they have and it is worth the price. Charles rob, for the most part it is pretty disasterous, lyft, uber, names go on and on. I think it is great individual investors are not taking the bait. Some people say this is the reminiscent of the top in the old tech bubble . Charles, i think youre exactly right. This is one of the good things for the market. In 2000 we had 6,000 publiclytraded stocks. Today we have 3600. That is a third less available stocks. People are hungry for these deals. In 2000 stocks used to to public, they were going public to raise capital. Today its a liquidity event. Charles great point. Private market is money made in the markets and it is dumping ground for investment. Charles great, great point. Scott we had a lot of Economic Data, all beat. Personal income beat. Personal goods in line but strong. Michigan sentiment beat. Is the consumer Strong Enough to keep the market going . It is Strong Enough to keep it here, im not so sure, i agree with robs point earlier will not push us up alltime highs. 3025, 3027 if youre picking points there. The consumer is Strong Enough where bad Economic Data comes out maybe unrelated to the consumer or certainly more troubles with china i believe the consumer hangs us in here from a bigger collapse. Charles thank you both very much. Have a great weekend. Thank you, charles. Charles some democrat are pushing for impeachment probes to wrap up before the holidays. Meantime the Mainstream Media theyre looking to pile on with new magazine covers you need to see to believe. My Political Panel breaks it all down next. Orlando isnt just the theme park capital of the world, 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. Charles right now stocks trading lower on trade headlines but not a freefall despite democrats pushing for quick impeachment inquiry. Not only democrats looking to pounce the Mainstream Media smells blood in the water. Look at next weeks new yorker cover. This cover by the way from Time Magazine showing President Trump painting himself into a corner. Want to bring in trump 2020 Advisory Board member, Madison Gesiotto and may be creative stuff, seems like theyre leaping to pretty big conclusions there. This isnt the first time weve seen this, charles. Back in 2017 when the president took office they started on the russian collusion hunt. Theyre now continuing 2. 0 of that. Its a witchhunt. It is a continue all fishing expedition by the democrats and Mainstream Media. It is very disappointing the Mainstream Media some occasions in the past, at that reached a conclusion before finding the facts. They come up what they decide want to happen. They go and seek facts to support that versus going out seeking the facts and finding the truth. So its a great misjustice and super disappointing. Ethan, for the most part the Mainstream Media always sides with democrats. I never heard too Many Democrats complain but is there something fundamentally wrong when the media starts to leap to conclusions, particularly after the string of to madisons points of times they have been wrong . Well, first things first. Madison made a wellspoken statement there that was written by the white house or sounded like it was and in this case it was actually came from my brain, surprisingly. Okay. Well sure sounded like a wellwritten statement. Charles how do you know it was a white house statement . I can say words. President trump has been attacking the media from day one. He has been calling them names. Calls them the enemy of the people. You dont think that after, by the way, right here on fox business neil cavuto laid out a very nice argument why the president needs to stop doing that. Charles okay. Im not asking about President Trump though. Does the media though, are you worried though that the media, were, this is segment about the media how they have treated President Trump. Almost weekly, almost weekly there is a retraction. Two days ago in box from the Washington Post a correction. Soandso didnt rebuke the white house. Almost every week there is Something Like that. A few times markets moved negatively on false headlines. Feels like the media is in a rush to crush this president , ethan . Well we do have two Different Things were talking about there. One i will agree with you, chars, there is an issue right now where editors and associate editors are not doing enough of checking before we rush things out in the current 24 hour news cycle. So too many retractions are happening. Youre not wrong on that. I actually agree with you, charles. I dont however that Time Magazine cover is selfinflicted wound President Trump did to himself after the russia investigation you would think he would know better than to have a phone call like he did that the white house has admitted to which corroborated the whistleblower report. He has painted himself into a corner which has led to the beginning of the impeachment inquiry. That is selfinflicted wound by the president. Charles realistically the impeachment inquiry began a long time ago. Maybe they put the official stamp on it this week. Madison, to that point are there times you are concerned that President Trump does one tweet too many . Or he is too loose to understand, whatever his intentions may or may not be they will be interpret ad certain way that everyone is focused on him, everyone is waiting for the next mistake, that he is not being cautious enough . I dont think that is the case. I think when we look back to 2015 and 2016, we look back to that election cycle. Part of why President Trump won over 16 other wellknown republican candidate is because of the fact that people across this country felt he was speaking directly to them. He bypassed the Mainstream Media were many disappointed with back then of course very disappointed with now today. He bypasses them. Speaks directly to the people. Of course people are complaining sometimes they will not like everything he says. I get that. Nobody will agree with somebody 100 of the time. Overall he produced results. The main steam media has been wildly unfair to them. When we go back to the retractions you mentioned, were seeing way too many but many people dont hear the retractions. Charles we remember headlines, dont hear the retract shuns. Ethan, are democrats pushing this all the way or nancy pelosi give a little bit to the far left . This is definitely going all the way, we have 225 members of the house who support it at this point. Charles all right. Ethan, madison, thank you both very much. Thanks, chars. Charles as you new school year gets underway, danger lurks at College Campuses and high school parties. Florida teenager invented a potential life saving device to stop drink spiking. She will share her story with us next. Of a different kind. Adp helps canyon ranch place the right people in the right jobs, so employees like dave can achieve what theyre working for. Tv aas many safety features powas the rx, the new. The lexus rx has met its match. If theyre talking about you. You must be doing something right. Experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 a month for 36 months. Experience amazing at your lexus dealer. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Charles as the new school year gets underway there is extraordinary problem facing college women. Drink spikespiking. 56 of women said they unknowingly had their drinks spiked. One High School Student from West Palm Beach joined forces with her older brother with a protective drink cover described as a hair tie called night cap. Joining me to explain night cap sherr and michael bernard. Conditioncongratulations. Thank you. Charles that is amazing, how would you say oh, i got an idea . It all started when my friends went to college and they got spiked. So i called my brother. He said this was pretty common on College Campuses. So i was scared because i am going to college this year. I came up with solution, grabbing my scrunchy from my room and created a prototype. Charles michael you will raise the money. Yes. Charles get it out to the public. How is that going . It is going great. We have a goal of 12,000. Were running a indigogo crowd funding campaign. So far we raised 3,000 in 10 days. Which is 25 of the our goal. We have 50 days left to reach that goal. And that is going towards deposit on manufacturing as well as legal and Marketing Services and stuff. So, yeah, it is doing great. Charles moneymaking peeps. I know my audience. 12 grand, folks. Saying, look at this thing, 12,000. It is something that sometimes were uncomfortable talking about, but its a real legitimate problem. This is a great thing that can help curb it a lot, right . Yes. Drink spiking ace huge epidemic. People are, a lot of people are not aware of it but everyone should definitely have a night cap. So we originally when we started this we did a survey of 100 females 18 to 25. That is where we knew the huge problem, we believed the huge problem was there. We found really shocking results with that survey. 26 of females 18 to 25 reported in our survey they have had their drinks spiked. 75 said theyre worried about being spiked going out. This is a huge problem. Charles have you contacted any major Stores Like Walmart . No. Weve been in product development, getting everything together. Our supply chains. Charles got a Patent Pending ready to go . Yes. All you need is a little bit more cash. Take care of these legal fees. Youre job will be able to get it in all the different stores, maybe College Campuses, bookstores, things like that as well . Online retail. We want to wholesale it to bars, music festivals, womens organizations, College Logos and basically brand them with their branding on it. And, and use it as Marketing Tool for those companies. Charles its a great idea. Im glad you nice are power into it. Not only entrepreneurs, youre doing something great for the community. Sharon, michael, thank you both very much. Breaking news for you. Stocks hitting session lows. Chinas top diplomat is making comments on trade, including that tariffs and provocative provocation of trade may plunge the world into a recession. He also says that china will not ever be cowered by threat or subdued by pressure. Apple reportedly lookingingio the big screen to take on netflix. Will that pay off. Movie theater goesgoers are preparing for hotly anticipated joker film. We have details for you when we come back. Im off to college. Im worried about my parents retirement. Dont worry. Voya helps them to and through retirement. Dealing with todays expenses. While helping plan, invest and protect for the future. So theyll be okay . I think theyll be fine. Voya. Helping you to and through retirement. Ive always been faand still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. So if theres a better treatment than warfarin. I want that too. Eliquis. 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I know. vo go national. Go like a pro. 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. Charles right now all the major indices near session lows. The s p 500 tickling back and forth the 50day moving average. This after the saber rattling continues. You knew President Trump was talking about perhaps even Delisting Chinese Companies over here from china. That sent the market another leg lower. Meanwhile, the wall street journal reporting that apple is looking to make a splash in hollywood, with plans to bring feature length films to theaters before releasing them on their streaming service, apple tv plus. This comes of course as the tech giant is spending billions of dollars on new content in an attempt to compete in the streaming space against other media juggernauts like netflix, disney, amazon. Kristina partsinevelos joins me now. I dont know if they are spending enough money but well see. Well, they are all spending money but netflix is spending so much money. But this idea, it wont move the needle for apple stock per se so what are they trying to get here, credibility . Street cred . Think of street cred, think of the prestige. There is a movie, we can probably show you a picture, on the rocks, it will be rashida jones, bill murray, a daughter reconnects with her eccentric father. That type of movie can be premiered at a prestigious movie festival, think france, then three months later, then it gets launched on to apple tv. Thats what this report is talking about. The fact they will wait that threemonth period. Typically when you see a movie in the theater it takes three months before its online. Netflix doesnt do that. They do it simultaneously. They didnt do it with roma. Charles that came out simultaneously . It came out first in the movie theater. Charles it won an academy award. They are trying to work with theaters so theaters will be more willing to work with apple but it also gets the big producers, the big executives on board because they know we can hype it up like crazy, get people to spend more money at the movie theaters first, wait that threemonth period, then it rolls out on the streaming platforms and they get all the royalties. Amazon does that, too. Apple will be competing against amazon, because amazon does wait that threemonth period. There are some movies they are talking about, word is 6 billion on new content. Charles apple . Apple. Charles thats more than i initially heard. Thats a lot. Sometimes i buy these movies and i see sundance and the cincinnati film festival, but i mean, they are hit or miss. Maybe im not the right discerning taste. You dont like independent films . Charles i love independent films. I dont know. Thats the thing. There are suckers like me who think thats a good movie because there are six stars in sundance and all the others. Charles lets talk about the joker. Apparently amc and landmark theaters are actually banning masks during the screening, this ahead of the release. A lot of people are concerned, particularly families affected by the 2012 mass shooting in aurora, colorado during the screening of the Dark Knight Rises but this should not impact overall money. Im hearing this is going to be a huge blockbuster. It does have a big following. Landmark has 52 theaters across the country. Amc was actually the first to ban not only masks but costumes as well as painted faces. Its all three there. And amc has over 650 theaters across the country. Theyre not linking it directly to the 2012 shooting, but there were so many concerns that came out of that, so they felt that they want people to enjoy the theater, not get distracted by the costumes and masks and sitting next to somebody. Then the joker is very serious. Its about the nervous breakdown of the joker character and how it led to violence. Charles dark movie. I got one to check out this weekend. Hustlers . Charles timbuktu. Check it out. Does it have a stamp at sundance . Charles all the stamps. Im in. Im in. Charles down 162 points. Saber rattling on both sides now, ashley webster. Ashley here we go again on a friday. Thank you very much, charles payne. The question is, are we looking at a trillion dollar escalation in the china trade war . Reports today that the Trump Administration is considering Delisting Chinese Companies from u. S. Stock exchanges, Companies Like alibaba, which ipoed in 2014 on the New York Stock Exchange as the biggest global ipo ever. Stocks dropping instantly today, around 10 40 a. M. Eastern. Shaving more than 100 points from the early gains. Chinese stocks listed in the u. S. And tradesensitive stocks also turning negative on these headlines. Its all part of a bigger move to limit u. S. Investments in the worlds second biggest