Transcripts For FBC Mornings With Maria Bartiromo 20240713

President and not their dictator who offers commentator on how its going, note of optimism, he note that they would retaliate if the United States wants to wage a trade war, i dont know, there was a bloomberg report that lee ho, reformer, trade negotiator expressing optimism, as you said, weve been hearing this a lot for what seems many, many months, years, but maria sure has, take the tariffs off the table or we will not buy the 50 billion in ag products. The warning comes with i want to do a phase 1 deal. I think what james alluded to, this is the longest soap opera now since general hospital. [laughter] thats positive, oh, but we have to do this, i actually see the ball having not moved forward at all. I think this is just more negotiations, i hope this gets resolved in 2020, if not, here is the great thing, the markets have seemed to have been inoculated, the markets are doing great in the absence of anything happening. Dagen in absence of escalation. Yes. Dagen again, President Trump can easily roll back the tariffs that went into effect in september and then the ones that are on deck, on deck for december simply because its in his best interest to keep the economy and keep consumers out there spending, avoid hurting consumers that help you in your reelection bid next year and this follows the news from xi jinping that they had reached out during phone call to invite robert lighthizer, trade representative and Steve Mnuchin back to beijing to hold the meeting, i always think back to, you mentioned general hospital, i will mention the show veep, where they are trying to instruct her on how to negotiate with the chinese, she had to firmly hit the table, unacceptable and then storm out and that is a lot of show and thats why i think when were the next round of tariffs were supposed to go into dagen its on consumers products, avoid to delay hitting consumers. Is that date still on . Maria the whole point of contention, the chinese want those increases set to come off and president xj jinping spoke out overnight saying he wants to work out a initial trade deal with the United States but hes willing to fight back if the tariffs are still in place, chinese officials as you say have invited counterparts to beijing, we will see, it looks like theres another positive here but he throws that in that we are willing to fight back, so you know, with trump you never know if the positive will remain positive for more than a tweet or two. Maria yeah. Thats the variable i guess. Maria yesterday schwab and td amritrade, ive learned the deal is being they are talk about internal conflicts of leadership, we will see if its over the price, look at the stock, 7 on schwab and 18 on amreitrade, you have to wonder once the deal got out, i reported it, once this start moving the stock, does that become an issue for the deal because its more expensive, 18 move on amreitrade, what do you think . Its worth noting big picture what a great and better and better deal for consumers trading stocks is, this is two traditional discounters, they are being pressured, they are coming together, they need scale because its just harder and harder to pull fees out of people and schwab, obviously both of the companies pioneers in the area, we are looking at a longterm really democratization. Their consumer assets dwarf anyone else on wall street, thats fantastic. Maria not blackrock, fidelity. Youre right, but it does allow them to be broader into the etf market, i think this is a great deal for them, great deal for consumers, we will have to see what innovations come out, i was saying yesterday on bulls and bears, i was trading back in the time when using a touchdown phone was a big deal and no one could i envision that i could do most of my phone well, we didnt have iphones, im excited to see what comes down the road, i dont know if ill be able to save any money. This is kind of the culmination of whats driving this, i think, the longterm movement and pressure to that the consumer has been paying less and less to trade stocks. Maria its looking more and more like a bank, increasingly a bank. You cant call schwab a broker anymore. Dagen that would be the focused of combined company, actual banking services, interest bearing and Wealth Management as well, but i want to say this deal will get regulatory scrutiny, this is the number one and the number 2 low cost online brokers, although that didnt that is a kind of broad definition now because everybody is in these businesses in some way, shape or form, nevertheless this will get scrutiny. Maria for sure, lets look at tesla, company unveiled new pickup truck but demonstration of the armored glass did not go as planned, watch this. Sure, yeah. Well, maybe that was a little too hard. [laughter] maria you want to talk about strong glass and dont go through the demonstrations, maybe they needed to maybe tested that before they did it. Maria, oh, my god. Dagen thats the body of the truck, if you could call it that is made super strong steel and they say that it can take blows from sledge hammers. Again, i dont know what this thing is, its way, way down the road. I dont know what even market they are going for, again, a truck. Its not a truck. Maria whats the point. I know you want to say that the windows are so strong and all that nobody is going to be throwing bricks at a window. Even if you werent, okay, lets practice this a few times. Hit the hammer. Lets see if the window breaks. [laughter] to dagens point, we are not sure who the customer is, looks like batman might be the customer and i think he would definitely want some protection. Dagen no from the truck market, the electric truck market is a big market, its growing at 17 per year in places like china and japan, i think, the electric bus market is really taking off so there is potential there, the problem is theyre competing against the big goliath ford and that will be a big challenge for everyone. Dagen even generalby the way, general motors, ford, these companies are moving to aluminum body pickup trucks because theyre so much more fuel efficient, this is a steel, i dont understand what about the window, are the windows aluminum also because they would not break. [laughter] dagen you know, im hauling long equipment around in my pickup truck and im really worried about somebody throwing a steel ball on any point. Maria former president obama speaking out, speaking to donors in california saying that democrats need to chill out about the 2020 field and should instead focus on beating President Trump, obama making several comments about the state of the Democrat Party warning the party about moving too far left, well, weve heard this before, james. Yeah, i dont know who hes talking to himself there. Hes one of the people who has said dont go too far left, you dont need to remake all of americas structural, you know, economy, everything else, health care, hes basically talked about how voters dont necessarily want a revolution, they just want to move on from trump, that would be his position, so im not sure, yeah, maybe a moment of reflection. Dagen where is his endorsement of Vice President biden. Maria we are still waiting for that, however, he did endorse justin trudeau, so here you go. [laughter] maria slip in a short break, we are just getting started, also on deck arizona congresswoman and member of House Judiciary Committee debbie lesko is here talking about the impeachment hearings yesterday, plus trump Foreign Policy adviser carter page on fisa abuse and the ig report and new information this morning about a criminal investigation into the fbi lawyer, former connecticut senator is here on impeachment and iran, cofounder and ceo Neil Blumenthal on the companys launch and New York Stock Exchange stacy on 2019ipo, status check there because, of course, things have slowed down, dont miss a moment of it, slip in a short break and facebook deciding not to Police Political ads, this morning brandnew pressure on ceo Mark Zuckerberg, we have that for you, hopkins scores, more special than a touchdown dance, what the wide receiver did last night. Ask maria segment, dont forget to send me your questions through instagram or twitter accounts at Maria Bartiromo, back in a minute. Maria welcome back, the president and the first lady honor two fallen american soldiers, Cheryl Casone on headlines, cheryl. Cheryl thats right the president and Melania Trump made unscheduled visit to Dover Air Force space to pay respect to two soldiers killed in afghanistan, 33yearold chief david nadal and circumstance, jr. Killed on wednesday while providing air support to ground troops. Well, a former fbi staffer reportedly being investigated for altering a document in russia probe, the document apparently discovered by Justice Department Inspector General Michael Horowitz. Its unclear what document was altered and if it had any impact on the russia investigation, carter page is going to be joining maria in the 7 00 a. M. Eastern time hour this morning. Well, reports of layoffs at wework now a reality, the company cut 2400 jobs, nearly 20 of its workforce after being forced to pull initial offering in september, wework slashing cost following takeover by softbank and the forced resignations ceo adam nueman, now a reality, maria. Maria thank you, vaping epidemic, another city banning flavored ecigarette including g menthyl, frozen two hitting theaters. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales, the diamond store. Wow giving one. How did you guys. . Dont ask. The lexus december to rembember sales event get 0 percent apr for 60 months on all 2019 models. Experience amazing at your lexus dealer. shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. 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Ends saturday maria welcome back, farm Internal Revenue tones for markets, futures indicating gain in dow industrials on china trade optimism, s p is up 2 and a half and nasdaq futures are higher by 17. Chinese president xi jinping saying today that he wants a phase 1 trade deal with the United States on the basis of, quote, mutual respect, hes not afraid to fight back if not. Some investors not so hot on the economy ray bridge Water Associates making a billion plus dollar bet that Global Markets will tank, tank by march according to wall street journal this morning, joining us right now chief Investment Officer of Northern Trust Wealth Management katie nixon, what do you make of ray dalios remarks . We dont agree, i dont think anything in the forecast that would suggest the market is going to tank, if you think about what what would make markets tank, walk get away from trade deal and probably Going Forward with the december tariffs, that might be somebody that would certainly create a lot of negative sentiment in the market, thats not our base case, we think that theyll be some sort of a deal that struck or an economic recession and we certainly dont have that in our forecast either, we disagree with that forecast that the markets are going to tank by march. Maria pretty good backdrop actually. We talked about the consumer doing well, the big question with this china trade fight has been do ceos hold off on investments, do they do nothing, do they move manufacturing out of china and stake their claim someone else, what do you see now as you look at companies, earning reports coming in, earnings calls happening, whats the message out there on investment by companies . So, i mean, you exactly put it correctly, theres indirect and direct impacts of trade confusion, the direct impacts are that companies are having to make decisions, theyre not waiting, as investors we have the luxury of going in and out of market based on whats happening with the trade discussions, companies have to make longterm Strategic Companies right now and i think they recognize that things are different and they will stay different, so they are making changes in their supply chains, they are creating more flexible supply chains and so the direct impacts are really obvious when you listen to conference calls, the indirect impact and its so important that we get past this is the uncertainty effect where there are a lot of companies that are saying, we are not quite sure how to build, how to grow in this new environment, we want to see how the dust settles and until we see how the dust settles, theyre not going to do anything. We do see sort of a pulling back of cap x and the kind of investment spending that you would in an economy thats doing okay as you say with consumption background thats really strong. Maria the state of the consumer is sort of mixed in terms of the last couple of days, you had retail earnings bag that was mixed although apartment were blowout and nordstrom shares up yesterday, William Sonoma down 5 , Third Quarter earnings decline, whats your characterization of the consumer right now . With the earnings in particular theres been execution issues related to some of the earnings, misses, i would say generally, though, the backdrop for consumption was strong. If you think about it, low unemployment, wage gains that are finally showing up, no robustly but positive, housing has started to come back, now consumers dont start to buy houses unless theyre pretty confident about their future so i think the backdrop remains pretty solid for consumption. Thats not to say gang busters, its not to say that we dont expect momentum to slow and certainly we expect gdp will slowdown next year. Maria thats what you said yesterday, dagen, with the macys underperformance, this is a macys story and not a consumer story. Dagen right, home depots problems are home depot problem, you look at walmart, the biggies, walmart, target, and txmax, tjx blowing it out of the water, those are stores that people want to shop in, in luxury, Apparel Retail that the sales have already broken big 30 to 50 off sales, they broke earlier this week, thats telling because again with barneys going out of business and liquidating, having to compete with barneys, something to keep an eye there. I want to talk about even with bumps on the road with trade negotiations, you have nancy pelosi now skeptical that the usmca trade deal will pass this year which is a little bit of a turnaround in the last week, youve got the Federal Reserve standing at the ready, maybe to cut Interest Rates again, the Balance Sheet expanding what about 250 billion in just the last couple of months, the fed says we are not trying to stimulate the economy, we are trying to smooth out shortterm lending markets, nevertheless, thats a very powerful bedrock or balance for the markets. The liquidity story globally is very, very strong, but to your point, i think the market expects the fed to be at the ready and so sort of the powell put is very powerful right now frankly and i think that the u. S. Certainly has a little bit more leeway to to stimulate and to lower rates here in the event that we do have a disruption because of a delay in the usmca, disruption because of tariffs or any kind of a global hiccup, we have more room here and we are confident that the fed will use it. Katie, a quick question, we kicked off the segment with ray dalio predicting decline in the market, first of all, that would have to happen to come into play by march, so i think thats un unlikely. But looking at the money market data, we have seen sort of this unprecedented inflow into cash and even just to fixed income, so there is sort of this underown story you would think a lot of clients would come in and buy even more. You know, it depends, best intention that is we will buy when the market is low and sell when the market is high, especially when the market is low, something pretty terrible seems to be happening and investors dont tend to want to jump with both feet. Maria you want to be owner of stocks going into 2020 . We own u. S. Stocks, from a tactical perspective. We like yield. Maria you dont like negative Interest Rates then . [laughter] maria of course, we all want yield. Thank you so much. Katie nixon joining us, Sasha Baron Cohen known for insulting people in the name of comedy, hes targeting zuckerberg. We will tell you all about it when we come back. Or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. At fidelity youll pay no commission experience the power of sanctuary at the lincoln wish list sales event. Sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first months payment. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. 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Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a companys growth and gain new perspectives. Thats why we go beyond the numbers. T. Rowe price. Invest with confidence. Maria welcome back, the Houston Texans making a push for playoffs scoring big victory last night beating Indianapolis Colts 2017, biggest highlight was on the sidelines. Touchdown. Maria texans wide receiver Deandre Hopkins with a heart warming play, he goes to stance to give his blind mother the game ball, hopkins mother sabrina greenly was blinded in an acid attack in 2002, move become tradition for hopkins, nice story there. Meanwhile i want to turn to u. S. China trade, president x jinping saying beijing wants to work on phase 1 trade agreement but would fight back when necessary, potential phase 1 deal further complicated this week with american lawmakers sending legislation to President Trump supporting the hong kong protestors, the president has yet to sign the bill which is china has slammed Hong Kong Holding closely watched elections this weekend, joining me Senior Writer for the wall street journal, hey, good morning to you. Hey, maria, great to be here. Maria what did you think of the bill, passed in the senate and then the house and interesting to see the administration tieing chinas behavior to trade talks that we will have to check that theres autonomy going on between china and hong kong in terms of, you know, doing more trade. You know, i think its pretty remarkable, first of all, how quickly this happened with the senate moving this week and the house turning around and passing it right away, and Senate Republicans have put President Trump kind of in a tough position, this bill really irritate it is chinese, it could get in the way of any kind of agreement between china and the u. S. , you know, the president is trying to calm things down before 2020 reelection campaign, so, you know, its just its another complication in all this but at the end of the day, you know, i think what youre seeing is Senate Republicans, House Democrats saying we have to put American Values first and American Values here are to support people, you know, fight forking their freedom in hong kong. What you guys think, its a slippery slope, a million or 2 million uyghurs in concentration camp, you might have more than one situation at hand . I think the president has signaled that the uyghurs arent part of the discussion, this is partly to make sure that no one no democratic primary becomes more aggressive on trade than he is. Some of you have seen in the debates saying they will go further than economic issues, sanction for other issues, but jon, i guess you could say this is more leverage for the president , i mean, to marias point, i think i probably would have wanted a bill that was more targeted at the mainland than essentially kind of punishing hong kong is going to be the remedy here as i understand it if the president choses to use these authorities to punish china. Yeah. Well, you know, hong kong in the end is being punished by china more than anybody else. One other thing id we wanted to point out, we talked so much with a trade deal with china, phase 1 deal, you know, at the end of the day when you look at whats going on in hong kong right now, when you look at whats going on with the uyghurs when you look at how chinese are responding to american threats by doubling down on their support of Stateowned Enterprises and when we set out to fundamentally change the way chinese china behaved this trade confrontation, you know, its not working. I think we can say at this point china is not changing, theyre not changing their ways and so, you know, if we get a phase 1 deal, its a deescalation agreement, doesnt mean china is going to fundamentally change, the conflict that we have with china is now a part of the economic and Political Landscape of the 21st century, period, end of story. Dagen what is being accomplished, jon, changing the ways of american businesses that do business in china that manufacture in china and President Trump has made i would say every business involved in trade with china to rethink the world, if you will, number 1, number 2, our viewers are incredible by smart and somebody who is watching now David Harrison said can the chinese be stalling to tank the markets, tank tank the economy ahead of the election next year where they think somebody else might be kinder and gentler to them, only people in the polic bureau, if you will, only understand the motives behind what china is doing and could that be whats at play . Well, i mean, i think the chinese definitely recognize that they have leverage right now because the president is getting focused on a reelection and he doesnt want the markets, the markets tanking, and i think what that means for china is that and weve seen this over and over again, they just dig in their they dig in their heels, they say, listen, we are not going give you what you want because we know that you dont have to and not crack down on us on an election year. I dont know if they think they will get better treatment with a democrat than they would with President Trump at this point, i think for them its all about using our election as leverage to dig in their heels and say, you know what, we are not giving you what you want. Maria also what you said earlier, its a culture, jon, i mean, i dont know that youre going to get china to stop stealing intellectual property frankly or stopping the forced transfer of technology, they dont want enforcement mechanism in any deal to put consequences in there should they do so, we are talking about two completely different cultures. Jon right. Maria its tough. Jon thats why i say, you know, for investor or anybody else, when you see the word deal, deal, lets not make too much out of a deal because this is a this is the new way of life in the 21st century between u. S. And china. Maria we tried to emphasize that the South China Morning Post is owned by alibaba, okay, this is basically a mouthpiece for the Chinese Government, when you see the South China Morning Post coming up saying President Trump is considering taking away all tariffs, you have to give it a second look because this is coming from the Chinese Government, but jon thats another sad story about hong kong, you know, the semp, as we used to call, very kind of boisterous voice. Maria i want to get your reaction to this, listen to this, jon. We dont need negative Interest Rates in the country because the economy is stronger, thats the thing. We are in a place where we have fed funds rate come down by 75 basis points to be more accommodating to help push the economy forward. The reason positive Interest Rates is our economy is growing at 1 plus and other economies are not and thats why they need negative rates. Maria jon, what do did you make of that . Jon hes right, it comes down to that, the president has said he wants negative Interest Rates, the message is be careful what you wish for, our economy is growing stronger than countries in in europe and so they have negative Interest Rates to deal with an economic problem, we dont want negative Interest Rates and the fed said earlier this week they are not interested in going down that path. Maria are you expecting a cut in december fed meeting . Jon no, i think the fed is on hold for right now, they want to see how things play out for a few months. Maria jon, great to see you this morning, have a great weekend. Jon hilsenrath joining us, facebook discussing new ways to discuss political ads on platform. Cheryl facebook increasing the number of people that can be targeted in political ads from a few hundred to a few thousand, this is meant to avoid micro targeting which has been criticized for allowing misleading ads to be aimed at specific groups of people and not seen by the broader public. Well, Tasha Baron Cohen not fan of social media called facebook, google, twitter and youtube the greatest Propaganda Machine ever giving speech in Antidefamation League event, more government regulation of the platforms, harsher fines, even jail time for ceos as ways to curve hate speech. Well, getting too hot for cold play to go on tour, chris martin said in an interview that the british band is not going to tour this year because they wanted to have, quote, positive impact on the environment, he said the amount of flying needed is an issue and that they would love to have a show using solar power and no single use plastics, the last tour in 2016 and 2017 they performed 122 shows across 5 continents, they are known for them being great live, ive seen them twice actually, virtual concert. Dagen worst band in the history of recorded music. Cheryl you dont like it . Maria come on. Dagen thank you for keeping them off the road. Oh, lord. Maria solar powered, when is that going to happen . Dagen musical version maria youre not a fan. Quick break, tesla shattered dreams, disastrous unveiling of new electric car, how the internet is roasting elon musk this morning, we will tell you that, its time to let it go once again. Who are you . Im olaf. 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Maria welcome back, headline across america this morning, trump tax requirement for primary run, the court ruling unanimously that the democratic sponsored legislation violated state constitutional requirement to include all recognized president ial candidates and conflicts with constitutions inclusive president ial ballot. Schools closed due to suspected virus, out of class until after long thanksgiving weekend, classrooms are being scrubbed of traces of highly contagious viruses, outbreaks are set to be common this time of year and our hearts are contained. New york times reports after deaths banned flavored vapes, new york city most popular jurisdiction to impose such bans, including menthyl, President Trump considering ban on flavored ecigarettes. In case you missed it we had a big moments in mornings with maria, take a look at the top moments of the program. Charles schwab will acquire amritrade, 5 trillion of assets under management. My sources tell the deal was finalized last night. Recession fear that is took us last december and again in august are dissipating and thats causing market to rally. We must remember the u. S. Economy is largest economy in the world, china is big but u. S. Is driving the Global Economy and if the u. S. Looks good everybody looks pretty good as well. Collectively investors are looking at public investors are looking and saying, does this have an economic rational model, uber hasnt proven it. Lyft hasnt proven it. Maria what happens to impeachment inquiry when it gets to the senate . It doesnt have a chance in hell of passing. Maria the view is viewing hong kong differently than weve viewed hong kong in the past, how does this end . We dont know how its going to end but definitely when the violence escalated in both sides its going to end very soon, you know, the violence, they come to a point and when that comes, you know, it will end. We do not believe that the settlements are per se illegal as a matter of International Law and theres no this is not going to be decided by a judicial process, this is a complex political process and the status of settlements will be decided by the israelis and palestinians. People will think that its going to interfere with the Peace Process, i personally dont believe thats the issue. The issues that are conflicting with the Peace Process between palestinians and the israelis are much larger than these contested lands, most of it has to do, i think, frankly with the radicals hamas. This is really the meeting of two mega stars, the preacher and the rapper joining forces. The bible tells us to use our voices for his will, to bring people to him, you know, its a shame that you have people that talk against, this is gods work. Maria picture this, social media giant will start hiding like accounts on posts starting this week. I think this gives us a lot more freedom to experiment with different types of content without necessarily having to worry about it being perceived as a flop, what people are thinking about these pop culture moments but they might not be saying out loud like the truth. Cheryl nfl saying thanks but no thanks to colin kaepernick, so former 49ers quarterback reportedly fail today entice 18 of that attended private work out. The question is can he play football, hey, im a capitalist. Maria show me some love here. You got it, you got it. Dont worry about the phone, ive got it. Whoa. [laughter] look at that. [laughter] the enchanted disney fine jewelry collection. With exclusive bridal styles at zales, the diamond store. Whether youre out or here on a wifi hotspot. Xfinity mobile has more coverage to keep you connected to what matters most. Thats because its the only Wireless Network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. 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Maria disneys frozen 2, much anticipated sequel for animated blockbuster hitting theaters today, joining us right now wbia radio film critic mark sergeant, how does this stack up against the original . Surprisingly i think its just about as good as the first one. Maria really . Its a different story, rare animated film where adults may be crying while the kids are smiling because maria what a tease. It deals with loss but you will feel it more if youve been through it you kind of find out what is the deal with their parents. Maria i see. Its an interesting story. But i hear, i was reading mike, that its basically frozen 1 all over again down to every song anthem, theres very little same exact cast. Maria throwing water on great film. No, its a good complaint, a legitimate complaint. You dont if something is not broke you dont want to fix it. Absolutely. At the same time its impossible not to revisit some of what its about, its a different story but its still sisters. You think theyll be a frozen 3 . [laughter] 4, 5, and 6. 1. 27 million the first one made. Maria Beautiful Day in the neighborhood starring tom hanks as iconic children host fred rogers. Lets take a look. I think the best thing we can do is to let people know that each one of them is precious. Maria what did you think of hanks performance . Well, interesting performance because hes playing a character that is kind of super naturally cool and calm no matter what you thought of him, hes cool, calm, thank you for that insult, perspective ive never had and so what i think i think that tom hanks captures what it would be like to meet somebody who just like are you putting me on or whats your deal, its really not so much mr. Rogers story as it is the writing who met him and how it affected life and its a good way and smart way into that because if you didnt see the documentary this makes you want to see the documentary on him. Interesting, tom hanks the only person i could imagine playing absolutely do we have another tom hanks coming along . If hes there, i havent seen him or havent acknowledged him. Hes a pretty nice guy. Dagen do you think he would get nominated for an academy award, too soon to know . Really crowded field. Dagen irishman. Fantastic. Maria loved it. Master piece. No doubt. Its not a sequel to anything which is, you know, worth seeing. Dagen is it out yet . Its netflix or theaters, but will be on netflix in thanksgiving. Maria mark sergeant, former policy adviser to then cant dade donald trump carter page talking everything from fisa abuse to report and investigation for fbi lawyer for changing documents, why Victoria Secret is doing away with famous fashion show, next hour on mornings with maria, stay with us. The middle with you, and im wondering what it is i should do, its so hard to keep this smile from my face, losing control, yeah, im all over the place, clowns to the left of me, jokers to the right, here i am, stuck in the middle with you no one likes to feel stuck, boxed in, or held back. Especially by something thats supposed to do the opposite like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. So it can help businesses take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. 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 around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Liberty mutual customizes your Car Insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Maria welcome back. Good friday morning, everybody. Thanks so much for joining us. Im Maria Bartiromo. It is friday, november 22nd. Your top stories, 7 00 a. M. On the button. U. S. China trade in focus this morning, chinas president xijinping said yesterday that he wants to work out a trade deal but hes warning he will fight back if necessary. This as President Trump is expected to sign a bill supporting the activists in hong kong. Markets this morning are pointing to higher opening, dow industrials up 37, s p futures up 4, and nasdaq up 22. Trade uncertainty put pressures on the market yesterday. Take a look. The nasdaq is on pace to snap a seven week winning streak but the dow, four weeks of gains, the dow was down 54 points, s p was down 5, nasdaq was lower by 20. The european markets look like this. Markets higher after the flash purchasing managers indexes came out, they were mixed, not worse than expected. The cac in paris is up 16, dax in germany is higher by 10. Ecb president Christine Lagarde giving her first major speech leading the central bank. U. S. China trade uncertainty and upcoming election in hong kong keeping volume low in asia overnight. Japan Consumer Price index showed consumer inflation was stagnant. The nikkei average was up a third of a percent, fractional moves across the board. Teslas new cyber truck showing cracks, yeah, a smashing demonstration of the new electric truck goes horribly wrong. Well tell you about it. Victorias secret hitting the brakes on the big fashion show. Find out why the fashion show has been canceled. Breaking it down, dagen mcdowell, gary b smith and james freeman. Great to see everybody this morning. Good morning. Maria we saw the pmi, purchasing manager indexes out of europe, were waiting for Economic Data today which will give us a window into manufacturing. Were going to get the u. S. Report, were also going to get the Kansas City Fed manufacturing report which is interesting because theyve had several months of really pretty poor readings there, wondering weve been talking about ceo confidence and whether companies are investing again. This might be a little window into. Maria cap ex is something thats real important to see and with this uncertainty around trade, you saw cap ex go down. Its interesting, you had i saw the clip from this past week of mark mobius on there, basically saying the u. S. Is driving the economy. Thats exactly right. I mean, we i think the World Economy right now is living and dying by what the u. S. Does and below that what the u. S. Consumer does. Im interested in seeing what the u. S. Consumer spending numbers as they start to come out look like. Maria we are talking about all of that this morning. Our top story this hour, the fiery final day of the public impeachment hearings yesterday. Fiona hill and david holmes testified on capitol hill, both witnesses defending ukraine from allegations thats the country interfered in the 2016 president ial election and making it clear that russia is responsible. Watch. The u. S. Ukraine relationship has never been stronger. Ukrainians and their new government earnestly want to believe that. Ukrainians cherish their bipartisan support and they recoil at the thought of playing a role in u. S. Domestic politics or elections. At a time of shifting allegiances and rising competitors in the world, we have no better friend than ukraine based on questions and statements ive heard, some on the committee appear to believe that russia and the Security Services did not conduct a campaign against our country and perhaps somehow, for some reason, ukraine did. This is a fixal narrative thats been propagated by the russian Security Services themselves. The unfortunate truth is that russia was the foreign power that systematically attacked our Democratic Institutions in 2016. Maria the hearings may be done for now but the house is not finished with impeachment. Sources telling fox news potential articles of impeachment could include abuse of power, bribery, contempt of congress, and obstruction of justice. Joining us right now is arizona congresswoman, member of the house judiciary and Homeland Security committees, debbie lesko. Thanks very much for joining us. Thank you. Maria where is this going and what is your reaction to this weeks hearings. The republicans dont know for sure, but im gearing up to be ready in Judiciary Committee for the report from schiff, when we return from thanksgiving break, so just in a couple weeks and who knows if were even going to have witnesses in Judiciary Committee. I mean, the Judiciary Committee is the committee where theyre allowing President Trump to have his counsel there, but its really up to chairman nadler what hes going to allow, if hes going to allow any republican witnesses, any witnesses at all, or what hes going to a how the president s allow the president s counsel to do or ask for. Its all up to the democratic control which is really quite biased. Maria in terms of timing, it will come to the judiciary next week. Theres some speculation that the house will vote on an impeachment the week of decembes then . Weve heard from Lindsey Graham, we heard from david perdue yesterday that its dead on arrival when it hits the senate. What does it actually mean in terms of of practicality with the president being removed from office or not being removed from office . You know, i dont see the Republicancontrolled Senate going through an impeaching the president of the United States. First of all, from my point of view, there has been no impeachable evidence that has come out at all. Now, of course the democrats totally disagree with me, but you know, this is something that the senates going to have to decide. Now, i also read somewhere that the house could delay moving it over to the senate. I dont know the legality of that or not. But im expecting weve been hearing that be ready in Judiciary Committee, well probably have a vote on impeachment articles by decembee been told. Dagen very telling, congresswoman, is echoing sentiment you just expressed, will herd did yesterday, congressman on the intelligence committee. A moderate former cia officer not running for reelection and people were paying close attention to what hes thinking about impeachment and he said this. An Impeachable Offense should be compelling, overwhelmingly clear and unambiguous and its not something to be rushed or taken lightly. I have not heard evidence proving the president committed bribery or extortion. I also reject the notion that holding this view means supporting all of the Foreign Policy choices weve been hearing about over the last few weeks. Will herd leaning clearly toward a no on President Trumps impeachment. Very, very significant. Maria yes, it is of. Youre right about that. I think republicans in the house are all united as far as ive heard against an impeachment vote. Maria okay. And the democrats of course, well see. Last time, two of the democrats joined republicans against even Going Forward with the impeachment inquiry. Maria i spoke with one of them this weekend, jeff van drew, democrat from new jersey who said hes a no, hes going to vote against impeachment when it comes to the r floor and he said a lot of his democratic colleagues are voicing concern that we keep doing this and its going that wher nowhere and wet getting anything done. Lets talk usmca. Tomorrow is one year since the signing with canada and mexico. Despite several promises to bring the vote to the floor, House Speaker pelosi is hinting it will likely not come up for a vote this year. Kevin mccarthy blasting the broken proms misses. Listen to this. Im not sure if we came to an agreement today that it would be enough time to finish. In the nine days, well be at one Year Anniversary when the three leaders came together to sign the initial United States, mexico and canada agreement. Speaker pelosi promised they were on a path to yes. How many times have we heard that . But today in her presence press conference she thought it was in doubt they could get it done this year. Maria congresswoman, what do you sunshine. Think . Well, its very cleat Speaker Pelosi and the democrats priority is impeaching the president of the United States, not about doing whats best for the country. You know, the state of arizona has a lot of trade with mexico and canada and so passing the usmca is a big deal for arizona and the entire country. When she says she doesnt have enough time to do this, give me a break. She has been spending every single moment, every time on impeachment stuff and not things that are important to the country. This is wrong and this is what the American People are so frustrated about. When i go home, they say would you guys please get something done. Theyre sick of this. Maria i think voters are going to remember it. I do. Congresswoman, a question for you. In light of the fact that ive seen the polls reflect that the number of people, percentage of people favoring impeachment continues to go down, i think this is kind of off the radar of mainstream america, the whole proceedings. But im curious, youre in touch with the people out there in as arizona, what is on their minds . Are they talking about the hearings . Are they talking about trade . Or do they just want to go on with everyday life. Well, it depends on who you talk to. So the people that are real Trump Supporters are like go, debbie, keep defending trump. Of course, the democrats that hate trump are saying im a terrible person for defending President Trump. But the people that really arent engaged are like would you guys do something already. They are just sick of it. I talk to different business Small Business owners in arizona and theyre like would you please get something done over there. Theyre sick of the entire congress, quite frankly, and republicans are getting wrapped into that even though its not our fault. Maria yeah. All right. Congresswoman, good to see you this morning. Thanks so much. Thank you. Maria well be watching. Quick break and then former Foreign Policy advisor to then candidate donald trump carter page is here this morning on a new report that a fbi official falsified a fisa document. The president of the New York Stock Exchange, Stacy Cunningham joins us on the 2019 ipo market. Dont miss a moment of it. Well slip in a break and well have all of that. An eyeopening new venture, coming up. Talk about a bumpy rollout, tesla embarrassing electric truck reveal, what went wrong, next up. Here i am. Rock you like a hurricane. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. May your holidays glow bright and all your dreams take flight. Lease the c 300 sedan for just 399 a month at the mercedesbenz winter event. Hurry in today. shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. Maria welcome back. Teslas cyber truck reveal, it had a few cracks. Kristina partsinevolos has details. Reporter tesla wanted you to trade in the classic pickup truck for what is the cyber truck, looks like a trapezoid on wheels or a piece of art. The reveal didnt go as planned in california yesterday. Before we get to that, lets Start Talking about some of the specs on this vehicle that youre seeing on your screen right now. Its stainless steel, bulletproof, supposed to perform better than a porsche 911, seats up to six people and the most expensive version, that can actually pull 14,000 pounds. The feature price of the basic one is about 39,900. And its pretty much in the same range as the ford f150. We really want to get to what went wrong because thats so much for entertaining. Lets take a look and a listen at elon musk. Listen in. Sure . Yeah. Oh, my [bleep]. Well, maybe that was a little too hard. The person saying that was a little too hard was elon musk. The person smashing the car right now is the design lead. So lets give them credit. With the sledgehammer there were no scratches on the car but the moment maria i see dents with the hammer. I wasnt there. Its the metal ball. It not only happened once but they were like oh, no were going to do it again. Takes the ball, throws it again, shatters the car. This is not what musk had expected. Listen to what he had to say. Dagen go ahead. Well fix it in post. Fix it in post is pretty much what he said there. [ laughter ] i know, its a funny thing. If we were to just talk about the market as a whole, we know that ford dominates the pickup truck market. But they too are going to be developing their own electric fseries truck. Gm which makes chevy, theyre putting up the their own line of electric trucks in 2021. You have competition in the field. But to go back to that video, despite all of this, the internet is obviously having a field day with this. So lets bring up some of those tweets that weve seen. The first one, im going to tell my kids this is the sigh r better truck or no this cyber truck, this one here says im going to tell my kids this is okay. This is a red version of it, obviously not tesla. Another one, a lot of them are saying im going to tell my kids, i dont understand what the fuss is about the tesla cyber truck. It looks okay to me. Thats a doorstop. Dagen its not a pickup truck. Having gotten my drivers license at age 16 and a ford f f150 pickup truck its not a pickup truck. Its meant to look like according to elon musk something from blade runner and if you look at that, when they threw the metal ball at the glass, it says demo of armored glass instead of demonstration. That meant demolition, i think. [ laughter ] the funniest part was when he said when musk said maybe that was too hard as if they practiced, okay, only throw the metal ball five miles an hour. 1 o106 miles an 10 miles an hour, its going to break. That raises the question, what is the target market. Is it the people that have the pickup trucks or the hard cortez la fans. Dagen its the hard core tesla fans initially. The first model is estimated to come out in late 2021. We know their history of missing launch targets. Youre going to have to wait a long time for this. Maria we will be watching. Coming up, officially done, the victorias secret fashion show off the runway after 20 plus years. Why the company decided to clip angels wings coming up. Warby parker, expanding, what its doing for the first time ever. Well be speaking to the ceo coming up. Suddenly i see, this is what i want to be. Suddenly i see. Xpression. But shouldnt somebody be listening . So. Lets talk. Were built for hearing whats important to you, one to one. Edward jones. Its time for investing to feel individual. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. When it comes to using data, which is why Xfinity Mobile is a different kind of Wireless Network that lets you design your own data. Choose unlimited, shared data, or mix lines of each and switch any line, anytime. Giving you more choice and control compared to other top wireless carriers. And now get 250 off when you buy a new Samsung Phone during Xfinity Mobile beyond black friday. Plus, you can save up to 400 a year. Click, call or visit a store today. Maria welcome back. Innovative eye glass brand maker warby peakeby parker revolutione contact lens market. Joining us now is the ceo, Neil Blumenthal. Youre making a big announcement today. Tell us about it. Were launching our own brand of contact lenses. So this is something that weve been thinking about for a while and we found that over 40 of our customers wear contact lenses. So we spent the last 18 months researching the market and trying to find one of the best lenses available to provide to our customers. Maria how big is that market and tell us what it means for w a arby parker as a business. Contact lenses alone are over 5 billion market in the u. S. Eye exams are 6 billion plus market in the u. S. And weve been making a big push into vision testing and eye exams. So when we look at this, were now entering a market thats over 11 billion in the u. S. So were really excited. I think if we had started warby parker 30 years ago, maybe we would have gone into watches or other accessories or apparel but we would rather focus on what do our customers need, whats adjacent, these are big markets for us to tackle. Did you wait until the fda advisor came out against lasik to release contact lenses or is that just a great coincidence . Sometimes the gods shine favorably on you. Exactly. Dagen go ahead, james. I was going to ask, can i get an eye exam and order and everything just on my phone or how does that i know we talked about you have some Technology Related to the eye exam but im wondering how easy it is for the consumer. Maria you can try glasses on from your phone. Yeah. So we built some pretty Innovative Technology where on the warby parker app you can try on glasses, we have a separate app called prescription check where if your prescription hasnt changed we can issue a new eye glasses prescription. Were exploring whether we can do that with contact lenses. So stay tuned for that. But now you can go into most of our stores, so we now have 112 Stores Across the country and in canada, get an eye exam, we can give you a contact lens prescription as well. There was a law passed a few years ago that for contact lenses eye doctors do have to its called a contact lens rule. They have to provide your contact lens prescription so that way you can buy it from wherever you want to get the lowest price and most convenient available. And theres whats called passive verification. So if you know your contact lens prescription, but dont necessarily have your prescription onhand, we can call your doctor and then the doctor has eight hours to get back to us to verify that prescription. Dagen there was a real racket, the contact lens prescriptions, because the doctors would hang onto them because they didnt want you to go somewhere else to buy your lenses. So thank goodness for that. The innovation here is in the packaging, mostly, correct . Yeah. Our scout contact lenses are top quality, super comfortable, moist. They have center Form Technology on the edges that increase comfort. One of the things were really excited about is this flat packaging that is 80 less waste than traditional, the blister packs. Its more hygienic as well because when you open it, the contact lens is always the right side up so your finger is only touching the outside of the contact lens that never comes in contact with your eyes. Do you manufacture these or do you outsource them . Weve partnered with a japanese manufacturer that has been working on Innovative Products like these for over 50 years. Maria all right. We will leave it there. Great to see you, neil, congrats. Thanks so much. Coming up, a former fbi employee is under criminal investigation, accused of falsifying fisa documents, the fisa document which was used to wiretap this man, carter page. Former Foreign Policy advisor to then candidate donald trump carter page at the center of the controversy. My e exclusive interview next. Jack daniels offers a way to relax this season. And dont forget to ask me questions. Send me questions on instagram and twitter. Ill be answering them next hour and every friday. Back in a minute. I wanted to run but she made me crawl. Oh, the sweetest thing. Or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. At fidelity youll pay no commission yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. So it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. 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 around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Maria welcome back. A fox business alert now. A former fbi employee reportedly under criminal investigation. Hes accused of falsifying documents tied to the surveillance of 2016 Trump Campaign of staffer carter page. The a alarming report coming weeks before the release of the doj Inspector General report. Joining me now in a fox business exclusive is the former Foreign Policy advisor to then candidate donald trump, carter page himself. Thank you so much for joining us. Let me get your reaction to what we know here. This of course is in light of the fact that you were surveilled, you were wiretapped. They had to get a fisa warrant to do so. We found the fbi lawyer falsified documents to get that fisa warrant which ended up you being surveilled. Whats your reaction. My reaction is this is more of the same. They have been falsifying documents and providing false testimony in the court of law, courts of law for years now. Just last year in my one case, you know, on january 30th, 2018, the Southern District of new york put a false pleading, misleading the court about abuse of process and the fisa abuse. Two days later, then chairman devin nunes with house intelligence totally proved them wrong. Maria yeah. So its weve known these things are wrong for a long time but the fake news and the democrats keep pushing this false narrative. Maria i want to ask about that, the fake news that you referred to, because the media was involved in helping one side actually drive the story of President Trump colluding with the russians for three years and our audience know you how outraged i was about the collusion conversation based on no evidence. For three years, we were told that there were people within the circle of donald trump that needed to be investigated including yourself, because they had these ties to russia. Tell us what happened. Explain to us what happened, for those people who have not been following this as closely as you and i have. Listen, they have just been putting false information out there to the media. The democrats and their allies in washington, in the media, constantly pushing lies after lies. Finally this gets picked up by a court, picked up by the comey, mccabe, fbi, and they got a warrant, a fraudulent warrant, i believe, to spy on myself as a way of getting into the Trump Campaign. Maria so you were surveilled for a year and you had to renew those fisa warrants, what, three times, four times. Well, they had to renew. Maria they had to. I had no say whatsoever which is exactly what keeps happening. The same thing with the Inspector General report and the case arguing today in the Second Circuit. Maria im going to get to the Second Circuit in a minute. We were looking at a carter page entrapment line. You were basically invited to tons of conferences in cambridge, International Conferences by who we know today to have been an informant of the government, stephan halper. When you were getting the invitations what did you glieng think . I give people the benef the doubt. All the people i worked with on the Trump Campaign are Foreign Policy advisory committee, the volunteers, theyre some of the best people i ever worked with in my life. Maria you trusted them. I definitely trusted the people on the trump team and i knew that in terms of interacting, having the right of Peaceful Assembly with other people around the world, there should be no problem with it. So i thought there would be no issue. Little did i know that some people would have some agenda. Maria so what was their agenda, do you think . Tell me what happened in the last two andahalf years to you. Well, i always give similarly, i continue to give people the benefit of the doubt. Unfortunately, there has been a big coverup. As i mentioned, themin then chan devin nunes and chairman Lindsey Graham and chairman Chuck Grassley from the senate Judiciary Committee as well have been showing through intensive investigationings all of the wrongdoing by misleading these Federal District courts in the United States. And so that is a serious offense and unfortunately there has been a continued coverup to this very day. We still dont have the truth but hopefully well get that soon. Maria you were saying the media reports, basically what was happening was they were youre saying the democrats were putting out news, quote, unquote, and yahoo picked its up and others picked it up about you having relationships with russians, is that what youre saying . Exactly. Maria those news reports were used as as a justify just fi i get calls from the Washington Post, new york times, cnn. Maria and theyre asking what . Theyre asking about the same two false allegations which the democrats, their consultants, and their lawyers were all pushing. None of them picked it up but finally they found someone from yahoo news to put out this defamatory information to the world and really interfere in the u. S. President ial election. Maria they wanted to dirty you up, they wanted to say that you were some, you know, enemy of america, working with the russians. Well, yes, but i think they wanted to do much more than that too. Most importantly, and the main reason theyre doing it is they wanted to dirty up then candidate trump and the entire trump camp pain and it really was a dark cloud hanging over the campaign until election in november of 2016, through the transition and going on years now into the early years of President Trumps first administration. Maria so we know that those fisa warrants had to be reupped, they were reupped three times. You were surveilled for more than a year, about a year . Its 90 day renewals. The first one was submitted by sally yates, then the Deputy Attorney general and james comey in october of 2016. Then they renewed it again, just a couple weeks before the inauguration in january of 2017. And two more times. Maria we should point out that you were never charged with anything. You were never charged with any wrongdoing. Absolutely. Maria youre Walking Around. They listened in on your phone calls, not just to hear your phone calls but to get a window into what was going on in the drum manTrump Campaign. Its worse than that. Ive never been asked any questions by any of the federal investigators either doj or fbi that even made any sense or hinted at any criminality whatsoever. So its not even just clear and convincing evidence. Its just theres no evidence whatsoever because i never did anything wrong and all the people, my fellow volunteers, low level volunteers that i worked with, on the Trump Campaign, they were again some of the best people ive ever dealt with in my life. The vast majority of whom are u. S. Military veterans and clean as a whistle. Maria we should point out they were surveilling you for a year, getting all the plans of the Trump Campaign and then never charged you with anything. Yeah. Maria so theres that. You have a Court Hearing today. Tell me what youre expecting. Well, similar to the fisa court where they only take one side of the story, so far the Southern District of new york only took one side of the story and so now im appealing in the Second Circuit which is a one step below the supreme court, one of the most respected courts in the United States. And im cautiously optimistic that they will actually listen to the truth. They actually gave me a hearing when i was not even granted a hearing at all, right when i was getting all these Death Threats t Southern District of new york never gave me that. Im hoping they can start reversing this very bad trend. Maria you make a really important point. Once that group started throwing things in the media and yahoo picked it up and others picked it up, your name was out there. You started getting Death Threats. You told the doj, look, im getting Death Threats. Yes. That was one of the main things. The in march of 2017, thats the main thing the primary thing i wanted from the fbi. I had around 10 meetings or five meetings at over 10 hours with the fbi and i was asking for their help. Instead of helping me, there was more criminal leaks into april, the following month of 2017. Maria what an ordeal this has been for you, carter. Its been an ordeal for our country. Maria tell me how this impacted your life. You go to try to work with the Trump Campaign. You get wiretapped, surveilled, youre never charged with anything. How has it impacted you. I look from the big picture perspective, maria. I look at the damage its done to President Trump, his administration. Maria what about you, youre Walking Around anonymously, youre afraid of who is following you. Theres been an impact to you personally, hasnt there . Yes, absolutely, but first and foremost, we need to fix this disaster in our judicial system and the doj and i think u. S. Attorney general barr has started taking very important initial steps since taking office in february of this year and i think things are heading in a positive direction. Maria and john durhams investigation is a criminal investigation. Were waiting for the Michael Horowitz report, the ig report coming out we understand december 9th. What should our viewers understand about the ig report, the forth coming ig report, what do you think its going to tell everybody. Unfortunately, maria, i was never given any opportunity to testify or get interviewed by anyone. Maria you never spoke to Michael Horowitz. I never spoke to him or any member of his team. They allegedly flew over the london to spent time with the dnc consultant, christopher steele, he had his say. Maria chris tosser steele is the author of the dose usmca. Ondossier. One of the authors of the dossier. As some of the investigative journalists have started to find theres a lot more people. Maria john solomon reported that as well wha well. What do you think were going to learn. We understand this is the framing of donald trump and his team. How are they going to approve that in the ig report . What do you think is going to be most damning from your standpoint . I wish i could tell you. Unfortunately, according to the privacy act of 1974, if theres a system of records about someone, they should be allowed to review and provide comments and ask for edits to it. I was never given that chance. So its hard to say. But i think this is one step in a very long process. Im so appreciative that Senate Judiciary chairman Lindsey Graham and his committee are going to take maria Michael Horowitz on december 11th. So weve got the daily news here and the title is shame on gop sham. This is russia expert slamming republican fiction to defend trump as dems rest impeachment case. What do you know about fiona hill and tell me about her relationship as you know them to the players in the russia framing. The collusion framing. Ive been a russia scholar for many decades now. I only met her once. Shes from england originally and i met her at a think tank in london once a decade andahalf ago. Maria she also knows christopher steele. Yes. Another brit, someone who is from the u. K. Who and they, you know, shes from the Brookings Institution and theres been a lot of involvement. We keep learning more and more about brookings involvement and strobe talbot who i also have spent some time with in the past, hes someone who has maria connect the dots, the ukraine hearings to the russia collusion investigation, what should we know about the connection between the two . To me, its the exact same thing, where congressman nunes and his team, congressman jordan, congressman ratcliffe, theyre trying to tell the other side of the story. Maria right. Theyve never been allowed to maria what is the other side of the story . I think its the same thing, just like then chairman nunes did with the nunes memo and what the house intelligence committees very deep investigations, they unveiled all of this wrongdoing by the dnc, their consultants and their lawyers and unfortunately theres been a big coverup and nothing has been fully disclosed as of yet. That is exactly whats happening once again as a way of damaging President Trump in this schiff show. Maria we will leave it there. Youve got a Big Court Date ahead. Anything you want to leave us with ahead of this Court Appearance that youre going downtown right now . Well, i just thank you, maria and your team at fox because you have exposed the truth. When all of these other media organizations have been trying to throw out this fake dnc, democrat propaganda and lies, you and a handful of others have really done amazing work. So its literally been a life saver mf than. Maria thank you so much. We will be watching the developments. Carter page joining us. Well be right back. Tays local. Tays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Hi honey, we got in early. Yeah, and we brought steve and mark. Experience the power of sanctuary at the lincoln wish list sales event. Sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first months payment. sure, the contents easy. But then you have to connect, download, edit, reformat, output, save, send, upload. Still uploading. And maybe eventually post. This isnt working. Introducing samsung business video solutions. With the galaxy note10, you can shoot, edit and post thumbstopping videos, all from one device. Samsung business solutions. I need all the breaks, that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. people talking for every dollar you spend at a Small Business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. Maria welcome back. Victorias secret canceling the angelic yearly tradition. Cheryl casone with details. Cheryl victorias secret Parent Company l brand clipped the angels wings. They canceled the fashion show after years of bad ratings and backlash. The first fashion show hit the runway back in 1995. It is no more. And jack daniels is looking to make the Holiday Season a little warmer. Companys launching a holiday Countdown Calendar that comes with enough whiskey for the 20 days leading up to christmas and shot glass toss drink it all with. They released a similar product last year in the u. K. Luckily for us in america its made its way to the states, ma yeah. Happy holiday. Maria was your College Experience Something Like this. I promised my wife i wouldnt drink tonight. Okay, ill do one. Were going streaking maria how to make sure youre getting the most bang for your buck when it comes to your kids college education. All right here, next. What if numbers tell only half the story . At t. Rowe price, hundreds of our experts go beyond the numbers to examine Investment Opportunities firsthand. Like a biotech firm that engineers a patients own cells to fight cancer. This is strategic investing. Because your investments deserve the full story. T. Rowe price. Invest with confidence. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. Thats why Xfinity Mobile lets you design your own data. You can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. All with millions of secure wifi hotspots and the best lte everywhere else. Its a different kind of Wireless Network, designed to save you money. Switch and save up to 400 a year. And now get 250 off google pixel 4 during Xfinity Mobile beyond black friday. Thats simple. Easy. Awesome. Click, call or visit a store today. Thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call. For a free kohler® nightlight toilet seat with inhome quote or visit kohlerwalkinbath. Com for more info. Maria welcome back. Life after graduation, the Education Department releasing data allowing americans to compare graduate debt and first year earnings, based on college majors. Until now, the government only published debt and earnings statistics for undergraduates. Joining us now is the ceo and founder of niche, luke skirman. Tell us about niche, niche. Com, what do you do and want to get your take on what the governments releasing. Sure. We are the largest site in the United States for choosing k12 schools and colleges. We have every school on our site, all 140,000k12 schools and colleges. Including community colleges, graduate schools and colleges. Weve got them all on our site. We have the hard day taxer rankings, statistics, facts and outcome and User Generated Content from students as well, over 100 million reviews and opinions. The last year we had 100 million visits on our site. Were the largest site in the United States for traffic and content on schools in the couple tri. Maria you can get a sense of where to get the best bang for your buck in terms of schools. Value is id credible incredibly important for families today. Speaking to value, maybe that relates to the data from the government. One thing that is surprising, the parents when you look at colleges is all the private schools tend to be about the same price and all the Public Schools toned be about the same price regardless of how competitive, where theyre located. It seems kind of bizarre. Is this going to start to drive a little more, i dont know, selective shopping or aaggressive shopping and search for bargains . I think the new data that came out this week is really trying to help inform families on everything related to which programs and which schools are ultimately going to drive the best value. What we do really particularly well is digest all this great raw data thats out there and make it easier for the parents and families to process that. Were completely in favor of making it as transparent as possible. We know these are really big decisions, right now in the country theres a trillion dollars of student debt out there and 70 Million Students are in the u. S. Education system today. Education is a huge issue right now and were completely in favor of tran transparency. Luke, im curious, are you seeing more migration for the kids now to choose majors with what i will call skills majors . As an example, my younger daughter was an undergraduate media major, found nothing. Then had to go back, get her masters in cyber security, the jobs are theres a wealth of jobs out there as you might assume. We just surveyed 16,000 High School Seniors trying to get the pulse of what gen z is really looking for. Theres two things that really came clear number one was, theyre hyper concerned on value. Theyre worried about debt and they want to make sure they can get great paying jobs when they graduate. They want really great coverage on reviews and transparency. What its really like. Again, whether youre buying a vacuum cleaner or amazon, you read those reviews. We have all the reviews and they trust one another. Thats what gen z is looking for. Theyre concerned about the value, making sure they can get a job after they graduate. They want to know what its really like. Those are the two big things this generation is thinking about. Dagen this website is the one i mentioned yesterday and final thoughts, College Score card. Ed. Gov, its run by the government. Doesnt just help you compare colleges versus the cost and how much you would make, how much debt you go into and how much you would make coming out in your first year, it helps you compare majors. Thats what is fascinating. Like if you compare what you make as a biology major graduating from brown university,s thats 30,500 in the first year, thats 12,400 less than a history major makes. How would you do if you went to wake forest . Dagen i wouldnt go to wake and i wouldnt pay for art history. Wake forest is a 75,000 a year school. I would be forced to major in something there where i could get out and make money. Maria this is valuable info. The figures show that most programs graduates typically earn more in the first year than what they borrowed in total and the website is. Dagen collegescorecard. Ed. Gov. Maria great to have you. Well be right back. Stay with us. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. At fidelity youll pay no commission shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. Comroerl under krfl investigation accused of falsifying documents before release of Inspector General report i spoke with former Foreign Policy adviser carter page. We are going to bring you, a portion of that coming up but, you know, we are waiting for the Inspector General report, and this is going to be damning, John Ratcliffe congressman ratcliffe told me at least 500 page you dont need 500 pages to say gi cia did cid did everything right. This is the core question how do you get authority from the fisa court, based on information that is essentially Opposition Research from a Political Campaign targeting a rival, and you wonder does fisa court have too much power . Are judges not doing their job . Or was the judge misled about the quality of that evidence justifying the warrant . This seems to go to the heart of that question if you are talking about a lawyer, basically falsifying Washington Post report, the lawyer allegedly falsifying a a assertion that they had the evidence to back up this warrant. Maria right and he carter page has been a russian scholar for years studied on russia so he was low hanginging fruit for somebody wants to pin you russia collusion on donald trump, and i think it is important to note that while he was surveilled for a year, there was never any charges brought against him here is what he just told me. Maria my reaction this is more of the same, they have been falsifying documents, and providing false testimony if the court of law, in court of courts of law for years now. Just last year, in my one case, you know on january 30th 2018, the Southern District of new york put a a falsely pleading misleading the court, about abuse of process in the fisa abuse, then two days later chairman then chairman devin nunes house intelligence totally approved thproved them weve known these are wrong a long time the fake news democrats keep pushing this false narrative. This is an american citizen you a russian scholar joined the Trump Campaign, and got surveilled as a result. And then when they leaked his name to the media he got Death Threats had real impact to incredible wronged i would say anybody should be trained by what took place in 2016. Dagen when Opposition Research paid for one candidate to spy affiliated into intelligence world fbi then used to spy, on official in tp opponents campaign it is just mindboggling. Maria it is. Dagen that more people are not outraged by it also with Inspector General report, i expect it out december 9th, we are going to find out in that report why john durhams investigation within the Justice Department and into predicate or Evidentiary Base of the investigation into Trump Campaign if there is anything there. The reason that probe by durham expanded why he now has more resources apparently because of information turned up by the Inspector General. Yeah. Dagen no so it is going to open a lot of windows clear up issues about what john durham is looking at. The fact a criminal investigation tells you that, they are suspecting there was criminal wrongdoing here Trump Campaign people entrapped what gets me they used tools this country uses on terrorists against donald trump to stop him from becoming president. Andy mccarthy keeps pushing says if these tools are abused at some point American People will be so outraged they demand those tools how we surveil terrorists will be taken away from Law Enforcement at the end of the day, makes this nation less safe. Maria o i brought up stephan hopper a known informant of western intelligence he was paid more than a Million Dollars, over a years period, he was paid he apparently to do a report on china and then do another report on russia nobody gets paid a Million Dollars to do reports like that in fact he was being paid to be to be an informant run into people like carter page one of the questions i think could you expect durham to pursue is carter page is obviously a peripheral mep of trump team why was candidate not notified if they believed that russians were seek to go influence campaign through this pathway why did you not tell the candidate. That is right. Now, if you really are targeting the candidate, but not saying that he is the target of the investigation, i think they are also going to say well what what what basis did you have to think that he carter page was Donald Trumps this is in the theory hypothetical pipeline to the kremlin, so i think those are all questions that we hope will be answered. Maria we are going to watch with a happens to john brennan jim comey, Andrew Mccabe pooest strzok antitrump tweets, we will have more december 9 expectings fox business alert on hong kong president is expected to sign a bill supporting human rights in hong kong, tensions soaring ahead of the election Jonathan Hunt in who hong kong with that angle a hotbutton issue chinese do not want the president to sign this into law. Reporter absolutely they do not the protesters are still waiting and hoping that they will see that president alt signature on human rights democracy act sometime today, all week, on the campus of the Hong Kong Polytechnic University we have seen pleas for help literally large on side of buildings spelled out ocean of campus in the international sos sign the Chinese Government is furious at prospect of the president signing that particular act, and we spoke today to a hong kong lawmaker, who is one of the most preeminent pro beijing voices in hong kong she too said it would absolutely be a mistake for President Trump to sign the act, listen here. Once you have done it there is no turning back. Hong kong people will be more towards leaning on relying on mainland china. Reporter the next possibly flash point for hong kong, comes this sunday with district canceled elections they are not particularly power positions but the first elections since the outbreak of this prodemocracy violence in june, therefore, they will be acting essentially as a referendum on the prodemocracy movement now we spoke about to possibly the leading voice among prodemocracy activists today and he told us it is time for those would support change to make a mark at a ballot box listen here. To have protests, to express our anger to the crackdown. Reporter and we are told all 31,000 members of the Hong Kong Riot Police force will be on duty sunday it will be a very tense election day here, maria gentleman thank you, john thon hunt joining us live on the ground no hong kong joining the conversation this morning o former connecticut senator united against nuclear iran chairman Joe Lieberman here on final day of impeachment hearings Stacey Cunningham joining us on 2019 ipo situation market volatility and host of Varney Company Stuart Varney weighing in as well dont miss a moment of it we are looking forward to the rest of this big hour, but first, todays day twitter banning political ads now facebook is feeling heat the Mark Zuckerberg buckle under precious revamping a menu ingredient you might not expect, yes he had edible back in a minute. Im a regular in my neighborhood. Im a regular at my local coffee shop and my local barber shop. When you shop small you help support your community from after School Programs to the arts so become a regular, more regularly. Because for every dollar you spend at a Small Business, an average of 67 cents stays in the community. Join me and American Express on Small Business saturday, november 30th, and see how shopping small adds up. 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 around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. 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Impeachment push public hearings over, but lawmakers are not finished, of course, sources telling fox news potential articles of impeachment could include abusive of power bribery contempt of congress, obstruction, but voters not so convinced a poll shows sport waning 43 supporting it down from last month independently voters supported 34 opposed to 39 last month former connecticut senator united against nuclear iran chairman former Vice President candidate joe leib lieberman your reaction to hearings where you think this impeachment situation is going. Yeah, you know, i view this from unique perspective because, as a member of the senate 19981999 i went through impeachment of president clinton, and we held a trial, in the senate in which he was acquitted. Pretty obvious that the house particularly after the testimony they got last couple weeks will impeach President Trump. It will be unfortunately but almost totally a partisan vote but probably exactly what the framers thought when they put impeachment clause in, and then, by any rationale prediction barring some shocking new revelation, the senate will acquit, President Trump they will not convict him i want to say with regard to numbers you put up, when the Public Opinion matters here you know during the clinton impeachment, i went back and spent a lot of time looking at the constitutional history. The founders intended impeachment to be used rarely, because the election the power of people in our democracy to choose their leaders was to be the ultimate test of authority, and you only wanted congress intervening in between elections when basically they felt that a president was no longer fit to lead the country so it is a High Standard only the fourth time in our history but Public Opinion matters. In that way. Maria practicable speaking senator if President Trump gets impeached in the house acquitted in senate, what does that i mean he goes on, and he continues being president and then has election next year . Absolutely. Exactly what happens, it is up to the public the citizenry to decide whether anything that came out during the impeachment process about affects their vote. But really in a way, that is the way the founders of our country intended that ultimately this is all about elections. Incredible out there. It is. Another debate this week former president obama speaking to donors in california this week saying that democrats need to quote chill out unquote about the 2020 field and should instead focus on beating President Trump obama making comments about state of the democratic Party Warning about moving too far to the left we have spoken about this in the past with ally has this party moved so far to the left. The good news is president obama said what he did, a lot of people, saw him, as a liberal democrat probably is a liberal democrat but more of a center left democrat kind of reformer, than what i might call some of the revolutionaries running in a democratic primary would change last our system, i thought it was fascinating president obama said, why would our party some candidates want to take away, from people that dont have much the little they have. And i assumed he is talking about health care. Medicare for all. Eliminating 180 million they got from their employer. So why is this happening . I dont know. Listen, this is part of the problem of politics in both parties in our country. Want the right and Republican Party left and Democratic Party has disimportant important shun ate news fired up come out center right center left republicans, and democrats, and independents have power, in my opinion a majority to electric somebody who will actually work with the other party. Maria like bill clinton did. Like clirn and gingrich, reagan tip oneill. Have it is hard to think anything gets done with hatred between two i got to get to i was china as well Prime Minister Benjamin Netanyahu indicted on corruption charges yesterday in a deadlocked political system. Your reaction. It is serious. You know i know Prime Minister netanyahu for a long time since he was the second in charge of the Israeli Embassy in washington, early 80s. But he is a fighter. So he will fight on, and immediate question is what happens within his political party, called the qud will there be a move to remove him as lead of the party therefore candidate for Prime Minister in the elections that will now happen sometime next year. I think probably Strong Enough to resist that, so it is going to be a time of tumult in israeli politics, budgets frozen, et cetera, one thing wont affect because there is still a consistence across all parties there is their work on National Security. Stopping iran from and proxies from attacking, keeping the country secure so that iran wants to wipe ilz off haveman we have heard that umpteen times protesters there. Secretary of state pompeo asking iranians to send u. S. Videos documenting the regime crackdown on protesters, mike pompeo, basically saying, we are watching you we want to see these videos, what do you think where that is going. I think secretary pompeo and Trump Administration have been really superb on iran, as the breaking out of the bad Nuclear Agreement by the administration, the imposing of tough economic sanctions on iran is exactly why there is so much unrest, in iran there is also a unrest because people feel suppressed they dont have Economic Opportunities they dont have freedom. I believe from sources i have that a lot of people who are protesting in streets just asking for lower gas prices, were killed by the government, in iran, over the last week. So i think weve got to keep economic pressure on i hope that the europeans will join america maximum pressure Economic Campaign eventually the mullahs who run iran have to decide come back sign a better Nuclear Agreement, or they are going to face an up rising from people will push them out of power. On china president xi jinping, overnight speaking to a small group apparently it was a dozen people or so that includes former u. S. Government officials hank paulson gary cohn in the room when xi jinping said the following we want to work for phase one agreement on the basis of much republican equality but when necessary we will fight back. We have been working to try not to have a trade war did not initiate this trade war not something we want responding to questions. Is this the right way to approach china with the tariffs or is there something more . H how do you see things. I was he encouraging by president xi jinpings response american leaders there for Economic Forum so i thought it was good because, president xi wants an agreement he doesnt want an economic war with the u. S. He doesnt want a military conflict with u. S. I dont believe President Trump doeset President Trump i think is going after tariffs to try to balance our relationship not good for the American Economy either. Maria National Security risks when you look at huawei and their equipment, backdoor going back to chinese go of the. Yeah there are real worries within our Intelligence Community about that. If the Chinese Telecom Companies Want to do business in the United States they really have to find a way to assure us, that when we buy their products we are not essentially applying ourselves into dependence on them when will eventually compromise our security, we can do that, if they cooperate. Okay. So this should be a winwin. I believe we are actually going to work this out and tariffs issue going down a little bit, and we are going to continue to negotiate because it is not in the interests of president xi President Trump china or the u. S. For this to blow up into a real trade war. Maria great point great to get your insights thank you so much senator Joe Lieberman a smashing debut for tesla the relief that went so wrong. Stay with us. Emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. shaq exclus chime t zalmagenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. Maria welcome back a close call for one emirates plane. I know you like photography check this out this is crazy shows a bolt of lightning striektdz striking a plane in crisis Church New Zealand waiting for storm to pass image taken by a pilot from local Helicopter Company responsible for dumping hail the size of eggs going viral overnight, company that makes those chocolate dips has plan for holidays Edible Arrangements selling products containing cbd eases pain, chocolate strawberries with cbd there you go. Twitter ban on political ads takes effects announcedmost weeks after facebook random into trouble saying it would accept political ads even if they contain misinformation, Mark Zuckerberg under pressure to change his position we will have to see what company decides to do big decision for him. Maria we turn to Charles Schwab ameritrade deal plans for schwab to acquire Td Ameritrade this morning i learned the deal now discussing internal con flooikt over potential leadership changes as well as price tag look at stocks this morning, pulled back from rlz yesterday made the deal look more expensive than 26 billion dollars joining us right now barrons round containable host and the wall street journal at large host, good to see you. Your reaction to Schwab Ameritrade getting together waiting for official word from companies, we are expecting it today, i was expecting early yesterday. Going to zero margins, money free youve got to be big to compete in this market i dont think a big surprise schwab leader since 1963 olz come out on top a step ahead. Maria i made schwab looking more like a bank not a brokerage this gives more scale with zero commission. Desperately needs, and not that banking is the best in the world brokers looking less and less any regulatory pushback about dagen mentioned this is number one and two player. Competition fair amount of examine he gos the administration doesnt seem to show a lot of interest in holding up, mergers in a lot of fields might be technology the one concerned about, i dont think this is going to raise regulatory issues. Top story in the wall street journal onsite this morning exclusive bridgewater betts big on market drop, ray dalio not so hot on economy he is the founder of bridgeWater Associates making a billion plus dollar bet that Global Markets will tank, by march according to the to the journal this morning, big selloff according to ray. This story is fascinating, of course, comes in against backdrop of tremendous runups in markets last few months record highs again not completely clear if a straight or could be a hedge because, again, you know, the bridge water is huge made all kinds of investments the last year, bound to have some positive exposure if you like about market going up might be a hedge it is a sign that there are we have seen elsewhere too something worried the combination of very, very high stock markets high valuations risks to Global Economy uncertainty possibly about election next year could play out First Quarter next year. Wager assembled over months Goldman Sachs morgan stanley, put options. The context of dalio bridgewater a billion dollars actually not a huge, huge bet, it will pay off nicely if a big Market Impact a billion dollars a huge Market Impact. Starting right now psychological if nothing else the market i think priced to perfection everybody couples china deal if it happens great maybe he doesnt a macroguy, barrons has a story we are talking about tonights show coming out tonight a little bit bearish also atlanta fed expecting 4 10 of a percent growth fourth quarter. Wow. Slow and generally fourth quarters have been better from First Quarter we have seen bad growth string those together if china deal doesnt happen the elements for a disappointment, often when market does go down you see meltup first could have been the motelup. We rook for that who do you have. Tonight thomas a economist at New York University written a fascinating book about, coming up talking about ameritrade shortly he merger written how concentration in the American Economy is increased dramatically reducing competition hurting consumers fascinating look how american capitalism not as dynamic as it used to be. I know what i am doing, thank you so much we will see you later tune in tonight fox business friday night line occupy kicking off with wall street every friday night followed by the wall street journal at large big friday night thank you coming up a smashing debut for tesla, oh, my god check this out the reveal horribly wrong what does next year look like president of the New York Stock Exchange Stacey Cunningham will weigh in. She is here next. Back in a minute. O girl you really got me now you got me so i dont know where i am going, yeah, yeah, yeah, you really got me now does your broker offer more than just free trades . Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. With value like this, there are zero reasons to invest anywhere else. Fidelity. Only one things more exciting than getting a lexus. Ahhhh giving one. The lexus december to rembember sales event lease the 2020 nx 300 for 329 a month for 27 months. Experience amazing at your lexus dealer. For 329 a month for 27 months. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Maria tesla athletic pickup truck not about about about smashing success elon musk hoped for gerri with more on carmaker stock down wow what a mistake. My goodness elon musk said bulletproof a metal bar undoing of truck he calls the cybertruck, they put that bar against that window exploded into chards i cant tell whu musk said we had to beep it not ready for primetime three versions starting 39. 9 up from there designed to look like 1977 james bond car from the movie the spy that loved me elon musk bought that car going to show a picture of it in have a second, that is amazing, take a look that is the inspiration right there elon musk bought it less than a Million Dollars i got to tell you wall street is just kind of rolling their eyes this morning, not saying the thing looks more like a Stealth Bomber than pickup truck only niche market appeal they were going after the Ford F Series probably wont make that back to you. Maria gerri willis wework shedding 400 jobs out of botched ipo saying layoffs are necessary, to move forward, and to move in other efficiently joining me right now president of the New York Stock Exchange Stacey Cunningham, great to have you this morning thank you for joining us. Thanks for having me. You wrote oped about private companies why private companies are staying private longer, was the wework situation part or of the issue . Assess for at us year in ipos at New York Stock Exchange what happened toward the end of the year. Yeah i think important to recognize that we are talking about the overall market it is not about one company or one investor the health of the market is what we are focused on so what i was trying to address in the oped there has been a lot of conversation, about why companies are staying private longer, and that is not news but what we are not talking as much about is what is the impact of their staying private longer what are we seeing as a recall the of that, and it comes down to three things, we are seeing much larger companies, with lacking discipline governance Public Markets introduced larnl companies not necessarily valued right in private markets an issue issue, importantly the most important when we talk about Companies Growing in private sector says for so long every day investor is missing out on that, so that to bifurcation of wealth that we are seeing the things that we need to recognize as problems so we can address it. O not would be Company Built i think wework encapsulated messages as well. Valuation had gotten to 47 billion dollars, softbank valuing. What is that based object. Maria exactly. Down to 8 billion i think that shined a lighted on valuations in the private market. Yes, that is important not about one company about a trend that weve been seeing you and i started on New York Stock Exchange, 25 years ago the markets very different back then, we think about what companies deriving companies to the Public Markets, and it was to raise money that changed so because they are raising money in private markets the Public Markets are coming to them much later in their life cycle because of changes in regulation, because of changes in access to private money a combination of drivers but the result is concerning, so that is what i am the message i am trying to get out there, is that when a Company Brings the when ceo brings Company Public it is sharing that growth and success, with all investors, and that is critical, not a capitalist we know this we strongly in capitalism the engine, that has powered the growth of this nation, we just need to give it a tinyup so tuneup. You spoke about you and i on the floor 25 years ago amazing how things changes when i got down to the floor one viewers asked me about it theyre 5 rooms with people running around today youve got one room, under what, 500 people. Technology likewise to us stay like in the industry use technology to more effectively the way we changed yint graitsdz Technology People on the floor are empowered by technology they can scale with services focus on parts of the job that actually benefit from human judgment. Great point. . Us automation. I sat down with chairman of the securities and Exchange Commission asked when companies should go public exactly what you wrote about giving Retail Investors access to free ipo shares watch what he says. There are hurdles problems with wework as well as developing plans to get investors access to free join shares talk about that, and are you concerned that you see some valuations in private market sky rocket. Lets put one of the things that does concern me what we are seeing as companies waiting a long time, to go public, so much of the growth phase, of those companies, is occurring away from our Mainstream Investors then as very large, and sophisticated want clitdz then they go public i would love to see our main Street Investors get in earlier at those companies are growing. The earlier you get in the more upside you have. Absolutely, i will tell a story one of the reasons why i decided to write the oped i left work got in taxi driver asked where i worked i said New York Stock Exchange he said you work for ice . A apParent Company Stock Exchange he knew ice said i love ice own 14,000 shares i said you own 14,000 shares of ice he said you got in my cab i bought a long time ago split five for one continued to grow this story impacted his life, and he was sharing that story. Maria should we look a story of shoeshine boy knew everything the market crashed . Average investor is so attuned to things i think great story. But that happened, ice from when went public up 1700 comparing to s p 500 young growing companies deliver so much value to investors you got to maker thet those opportunities. We have been talking about china all morning has there been discussion, about limiting theub in of chinese ipos coming to wall street. There are a few versions of legislation out there that are discussing whether or not there is appropriate oversite of external auditors in some companies, in china or hong kong so you know, that is a dynamic that has been unfolding we want to make sure that there is the right balance between vefr protection audit vooist is critical making sure investors also have access, to the broadest opportunities possible the Fastest Growing opportunities. Make sure investors understand the accounting is different, Chinese Companies versus u. S. Companies. Dont have to report the earnings way u. S. Companies do. The thing that is most critical from my perspective is balance investor protections and opportunity access, so those things are really critical our job at New York Stock Exchange our mission is to help Companies Raise money so they can change the world, but also make sure investors have access to sharing that success how we think about all issues. Love to see woman running the New York Stock Exchange. I do, great. Great to be here, maria. Thank you so much Stacey Cunningham joining us apple air pods topping economies lists are they worth the tack. Tables turning answering your questions later this hour submit through Instagram Twitter at Maria Bartiromo instagram and twitter send your questions, back in a minute. What if numbers tell only half the story . At t. Rowe price, hundreds of our experts go beyond the numbers to examine Investment Opportunities firsthand. Like a biotech firm that engineers a patients own cells to fight cancer. This is strategic investing. Because your investments deserve the full story. T. Rowe price. Invest with confidence. shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Maria welcome back, apple has another hit the Company Apple are reportedly seeing higherthanexpected demand for airpods the host of Varney Company Stuart Varney in time for holidays good morning. Maria i have to be honest i am notah on dangerous you knowed ground you know i am not a technical sort of person. Do you wear airpods. Not yet worn airpods but news about i think the airpod pro, 249 dollars, positive says they are going to sell 60 million i think selling them this calendar year, 60 million, at up to 249 dollars per pair i think expecting a whiled Christmas Season i think right to expect it i am told i dont know from permanent experience i am told really, really good do cancel out outside noise the sound quality is absolutely precise i dont want to be a commercial here but i sound like a wearable big time winner, i dont always understand it a big deal for apple. Headphones are important i love my headphones not apple pods they are shocks i wear them biking press a button on phone listen to music biking amazing i like my shock headphones i will take a look at apple airpod. I am waiting for microsoft in early spring next year i am loyal to my shareholders. I know you will have more in 10 minutes see you top of the hour begins 9 00 a. M. Eastern after mornings with maria watch for stuart first tables are turning i will answer your questions from social media right after this break stay with us ghborhood. Ghborhood. Im a regular at my local coffee shop and my local barber shop. When you shop small you help support your community from after School Programs to the arts so become a regular, more regularly. Because for every dollar you spend at a Small Business, an average of 67 cents stays in the community. Join me and American Express on Small Business saturday, november 30th, and see how shopping small adds up. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. Wthats why xfinity hasu made taking your internetself. And tv with you a breeze. Really . Yup. You can transfer your Service Online in about a minute. You can do that . Yeah. And with twohour Service Appointment windows, its all on your schedule. Awesome. 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Up if moment white house yesterday oscar winning actor jon voit dances to accept National Medal of arts from midnight cowboy president handed out medals yesterday at the white house you asked i am answering i am usually asking questions tables turned for new ask maria segment answering your questions every friday first question when President Trump says china is paying us billions in tariffs who does he mean by is where does money go how does it get divided. The u. S. Collected over 63 billion dollars in tariff so far, that money goes into u. S. Treasury u. S. Is you, part of that has gone to the farmers who struggled with with higher tariffs and fewer sales of ag products overseas 12 billion dollars foreign ask funds in effect 2018, 16 plan this year, totaling 28 billion dollars, next up who are the living people outside of team inspired you the most. Well ive got so many i always say dont have one mentor have a lot of mentors take lots of things i love from different people over my career lucky enough to call dick grasso chairman New York Stock Exchange meantedor jack welch former chairmen General Electric dick grasso knew more than anybody else about making investing about accessible to the masses he wanted to create a show every morning i was on it privileged to be able to be on the floor of New York Stock Exchange allowed me first in person to broadcast down there, able to help democktize investing, mack welch allowed loir lessons at ge one was bells class building essentially leadership skills equivocations one was soi standard observation impact standard if in 24 company what i observed you doing a impact makes it clear cut thanks to jack Welch Dick Grasso among many others what are you doing on thanksgiving looking forward to spending time with parents and husband with all trajections we love thanksgiving to beach house we will keep the fireplace on grateful to spend that time with parents husband and my baby, puppy dusty happy thanksgiving to all of you thank you for your questions. James what are you doing thanksgiving. Turkey a convert last few years, outstanding. And dont burn your house down. I want to assure it will be safe i want to assure them it will be safe in our household edible. You know how accident happens turkey not properly thawed the part of the frozen turk in the water hot oil and somebody doing it in their garage is kind of an accident waiting to happen. Complete amateur has no idea what he is doing would have a problem with that in this case there is no concern dagen saying you are not amateur. A few years now feel confident in game. We need video. Maria we want the to hear more about it safe time so we have final thoughts from Allstar Company send questions i will answer new round next friday a short break when we come back final thoughts from this allstar panel. Back in a minute. Isnt she lovely, on the she wonderful isnt she precious with the right combination of people and technology, so you can work with us the way you want. Now with zero commissions on online stock, etf and options trades. Part of our mission to make investing more accessible for all. And were the only firm with a satisfaction guarantee. Which is why our zero is better. Schwab. A modern approach to Wealth Management. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Yeah. Only pay for what you need with Liberty Mutual. Only pay for what you need with Liberty Mutual. Con Liberty Mutual solo pagas lo que necesitas. Only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Maria welcome back. Final thoughts from this allstar panel. Gary b. Smith . You know, i was thinking of the most fascinating story this week, one that got a little overlooked was kylie jenner selling her company to coty for 600 million. It is amazing, fascinating, whatever you want to call it, in this day and age a social Media Influencer and god bless her, shes worked hard at that, is now a billionaire. Its amazing. Maria great point. James, what are you looking at . We saw the footage earlier, Deandre Hopkins, the Houston Texans player, giving the football to his mom. I want to assure my mom that if i had ever earned a game ball at any level of athletic competition, i would have given it to her. Maria very nice, james. Dagen . Whats on your mind . I would have given my life for my mother, may she rest in peace. To my daddyo, heres the article you were telling everybody about, that the wall street journal writes venices flood guardian under water. How the city could have been saved from the flooding but bureaucracy and corruption prevented these gates from being implemented before venice flooded recently. Dad, you are so smart and i love you so much. Maria he knew it first. Because he reads everything. Hes a knowitall. Maria great to see you this morning. Thank you so much. Have a great weekend. That will do it for us. See you sunday. Varney Company Begins right now. Stu, take it away. Stuart good morning, maria. Good morning, everyone. Message to tesla. When you introduce a new product, make absolutely sure you got it right. Last night, tesla got it badly wrong. The new electric pickup truck debuted with great fanfare but the shatterproof windows were not shatterproof. With elon musk looking on, the windows shattered twice. Theres the second time. Surely this would never have happened to tim cook. The stock is down. Weve got a lot more on this one coming up for you this morning. All right. So heres a tim cook new product thats doing very, very well. Airpods. Apple says they will sell 50 io