Much more. Making money begins right now. Charles market picking up on yesterdays late buying even as the media guessing game continues. Phase one is on. Phase one is off. It never end, right . Yesterday i had the honor of interviewing Vice President mike pence and i was asking him about the roll of tariffs now and into the future and it is clear the administration believes strongly in the roll of tariffs. I think through the long history of this country the night has always used tariffs and access to our marketplace to strengthen this economy and President Trump took office and made a commitment that he would put american jobs and American Workers first and use the authority he has as president of the United States to control access to our marketplace with tariffs. Charles so i think the media has been totally wrong on this. If you crunch the actual numbers, the cost of tariffs, assume they all fell on america, which of course they dont it would be the proverbial drop in the bucket for our 20 trilliondollar economy. The biggest push back is businesses. Some deem determined to upset the economy and this administration and future administrations there is wall street and those temper tantrums which are comical but you can push a domino too far to create market panic. I want to bring in phil plan caught toe, and rose cliff capitals mike murphy. Two of my favorite guys. The fact is tariffs are in place. Huge, 360 billion worth, and the economy is doing pretty good, so is the stock market. You wonder why there is media out there that wants to cause a panic, that wants people to believe this 25 gain weve seen yeartodate is not real or could evaporate tomorrow if President Trump says the wrong word which isnt the truth. The economy is on good footing. Everyone says they will stand up to the chinese, the last three president s. President trump is doing it. Not easy, but he undertook that. The market performed very well. Neil charles ill be honest, the market and economy have done better than i thought. Two years ago i thought President Trump should have done an evening address to the American Public. I dont know how much they will hurt, well push back on it but time to work it out. Im concerned businesses are ayn rand kind of thing, well check out until you do what we want . Seeing that in capex. Not seeing amount of spending we should see. I wont disagree with your point the economy is on good footing. Two quarters of negative. You have to be careful. Charles flat earnings compared to last year alltime record. But we lost money in the stock market last year. We balanced out. Up 25 for year. Lets not forget tariffs can have impact on offshore earnings. You have to be careful, where do you you make your bet . U. S. Company with u. S. Earnings or one with a bit of offshore. Charles where did you go . Where are you focused so far . Squarely on the u. S. 90 of the portfolio, 92 some cases u. S. Focused companies. Especially midcap, small cap base, im afraid of large cap bias that can get hurt by tariffs. Charles mike, you are u. S. Centric. Maybe what i know. If i was smart enough to know all the emerging markets or developed european markets i may go over there. If you can get the u. S. Right especially what is going on with this administration i think there is plenty of opportunity here in the u. S. Charles talk about portfolios and construction of them because i read an article this morning, i wont mention the source, it was criticizing the bull market rally, only pause of apple and microsoft. For me that is almost like saying the patriots wouldnt have won all the super bowls if they didnt have brady and belichick. Guess what . They had them. They have them, right . For me there was a message for long term investors, you do have to make adjustment from time to time. Always have microsoft or apple or brady or belichick. I want to talk to you guys about this. Microsoft came into the dow in 2002. There were four stocks, home depot, sb c, microsoft and intel. What went out, chevron in since 1930. Goodyear was in since 1930. Sears from 1924. Union carbide from 1928. I think this underscores, apple didnt get into the dow until 2015. You must make adjustments and probably shouldnt wait 46 years to do it. There are star players in the portfolio. I agree to an extent. For people watching at home it is tough. If they made the switch i will get rid of apple, microsoft out of my portfolio, i will stick with amazon and netflix. Charles what would you okay. Two of the other things. Up 6 , up 10 in netflix and allison, versus huge run youve seen in microsoft and apple. For a lot of people unless theyre very sophisticated trading in and out of positions owning the whole basket is the best place. Charles you knew at some point sears, Union Carbide you couldnt hold on to those. Exactly. Here what you have to do. You have your core stocks. When you make money on core, up 70 on apple, take some profits and you pivot. Where do you pivot . See the economy tail off. What does well in softer economy . Pivot to walmart with much better earnings and costco that are staples. I earned income. Charles big strong names that will survive anything, ultimately have great stock returns. Hold on for a moment, i want to shift gears for a moment. Head to Jackie Deangelis in the newsroom, with a huge shakeup, major snake up at alphabet, the Parent Company of google. Reporter good to see you, charles. Larry page will step down from his role. Sundar pichai will take over. Google represents 99 of the revenue. He is cofounder of that. That role of alphabet will be eliminated entirely. The cofounder said this it is natural time to simplify our management structure. Were never ones to hold on to management roles when we think there is a better way to run the company. The backstory, in 2015 google reorganized to form the Parent Company alphabet. That was to separate what they called the other bets, initiatives like Driverless Cars from google and search. Pichai was running android and chrome before he took over as ceo of google so he had a long track record there. Here is the key, page and brin will be remain actively involved on the board. They have controlling voting shares and that structure will not change. If theyre not comfortable with something they will still out vote pichai. Outsiders are saying not surprised by the changing and the timing. Google employees have been speaking out against some of the Company Policies so there is some controversy here. Looks like the cofounders are stepping away from that but let me tell you this. Elizabeth warren tweeting about this just today saying congrats on the move, larry page. Quick reminder, we do still expect you to testify before congress and changing your title while staying on the board and retaining a effective control of it will not pelt you from accountability. Charles . Charles Elizabeth Warren, you can hide but you cant run, that is whoo she is saying. Thank you very much, jackie. Alphabet change in leadership coming from high scrutiny for Silicon Valley in general. Talking about consumers, unions and workers. Theyre not as hip and cool they used to be. Remember cool kids do no harm, got a free pass. I want to bring mike and phil to discuss this. Google shares are up on this news, few years ago they were the hip companies. Cool companies. It was okay to bash drug companies. It was okay to bash crude oil companies, gas companies, everyone hated exxonmobil, everyone hated walmart. These were the groovy kids. No longer. Theyre public enemy number one. We run Venture Capital companies. A company that grows, once google or alphabet gets to be big as they are or apple, so Many Companies starting out to disrupt them, people find areas they dont like about the companies. New Companies Come along to try to unseat the incumbent. That is what we have happening right now. So there will be new Companies Like that starting out there. But there will us always be innovation. As long as innovation there is growth. Charles that is oldfashioned business. This is something different. You have employees. They fired four employees last week. They said they were upsetting companys culture. The employees say they are activists Lgbtq Community is upset with them. Unions are upset with them. Every country wants to sake them down for money. This is a different environment. They dont get a free pass anymore . There is twofold. That free pass of regulatory fun nil allows them to pivot to al get bet. Look at all the other companies dont make money or revenue. They are a cash vacuum. This gives them a chance to reorganize the company. Charles what do you make of the founders saying we dont want to deal with the tough stuff . The things they were working on, selfdriving cars and blimps that never have to land, that is cool, groovy stuff. Now you have people in your company revolting. You have nations revolting. This is, they dont want to deal with this tough stuff. You saw that from microsoft also, people revolted because they would deal with the United States government. As you get big, charles, as a company gets mature and you have a workforce in tens of thousands, if not hundreds of thousands it is always going to happen especially in the environment were in today where it is great to knock anyone who has success, i think it is what is to be expected. Cash cow too. Lets not forget that cash cow allows them to wean on some of these fronts. Charles sure, sure. They will not give that up. Theyre broading their portfolio. They want to get into health care and get into finance but they listen, i was as rich of those guys i would have checked out a long time ago, right . You have to find me somewhere. Exactly. Another big management shakeup as a stock soaring. For most of the day expedia has been a number one performer on the s p 500. Cfo is out, ceo is out this has been a significant underperformer. Phil, when you see Something Like this, i think back to the change in chipotle. If you brought the stock when they brought in new ceo, brought in new ceo of mcdonalds, new ceo of red lobster or darden restaurants, when i see shakeups, typically a huge buy signal. Only because you have a new person, not unlike google. What can i cut, what can i change, what can i pivot when the core engine makes money what you have in expedia. The core engine is finetuning away from legacy issue to a new front. Charles mike . Expedia was great opportunity, better in the mid 90s a couple days ago. Bringing in new anment. The core Company Still works. Should have upside from here. Charles before i let you to between now and rest of the year has santa claus arrived and left too soon or maybe upside now. Im fearing what happened last year. Charles last time you were here we would i made way too much money to give any back. I would take profits. We cant griped much higher with negative earnings. I think we stay where we are, maybe lower. Tough to predict the next three weeks. Neil i like 2020. Still long and still bullish. Charles you come in next year. I want earnings capitulate and grind higher. As long as we dont recess or on the cusp there is no reason charles very cool, you can make so much money you can chill, right . All right. Meanwhile the House Judiciary Committee kicking off the first impeachment hears, after the House Intelligence Committee released their own report on impeachment. Later on the show, lou dobbs, you know him from the lou dobbs tonight show, im sure he will weigh in with a few thoughts. Nato leaders caught on a hot mic talking about President Trump has gone viral. The Mainstream Media going crazy about trumps supposed humiliation but is all of this going too far. Well be right back. Because your investments deserve the full story. T. Rowe price invest with confidence. This is the epson no more buying cartridges. Big ink tanks. Lots of ink. Print about. This many pages. The epson ecotank. Just fill and chill. 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. 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The truth i called him out on the fact he is not paying 2 . I guess he is not very happy about it. There was an unscheduled press conference before my meeting with President Trump. I was happy to take part of it. Charles both President Trump and Justin Trudeau reacting today to the viral clip of the canadian Prime Minister apparently having a laugh with other leaders at President Trumps expense. [[inaudible conversations]. Charles Mainstream Media is jumping all over this as humiliation of President Trump who ended up canceling his next press conference but is this taking all of it too far . Joining me to discuss turning point usa founder and president charlie kirk. What are the thoughts what we saw . How the media gleefully played it up as humiliation of President Trump on the world stage . Real humiliation is that these countries have not been paying into nato for so long and we in america have to continue to pay for natos defenses. Look, if you look at that little snapshot of trudeau, macron, even Boris Johnson who was kind of chiming in, this is the ruling class. These people have contempt not just for President Trump and what he has been able to accomplish in america because their economies are not going too hot right now. Macron has very low Approval Ratings, much lower than President Trump. His economy is not doing well. There they are cracking a joke. I dont know who would consider this to be humiliating. The humiliation is on them. The fact they are not chipping in. The fact theyre not doing well as leaders. If you read into what President Trump said about trudeau twofaced think about the recent scandal that he had. That would be much more humiliating than anything this candid camera caught. Charles Justin Trudeau, to your point, macron, have had extraordinary problems at home. Hard to believe they have been able to cling to power, political power. You would think again, anything they would push back against using any other world leader as a punching bag but america should know, natos budget for 2019, america fronted 685 million. All the rest, everyone else, europe, canada, 302 million. Were over 4 of gdp of our defense budget. Theyre at 1 like germany. I dont even understand how they can even look at President Trump without feeling some humiliation themselves because this is the defense of your country . Thats exactly right. They have been ripping us off for so long. The fact they dont feel any shame, because they think it is americas role to pay for their defense and they shouldnt have to contribute to it but President Trump has been courageous standing up against quite honestly the ruling class have been getting away with this for free for so long. This illustrates a broader point though. That you have unpopular globalist european leaders snickering in a private room about President Trump while President Trump, his sole mission of going to this nato meeting is to try to preserve and protect america, look out for our financial interests and get them to contribute more into it but the media doesnt look at it like that. Why not . Why wouldnt america pay for all of it, and our allies shouldnt chip in the same . Weve been doing this so long. Were 22 trillion in debt. We have a trillion dollar deficit this year. Why should we have an unsustainable amount of burden on our country to chip into nato . I find their remarks and their snugness honestly to be disgusting and reprehensible. Charles charlie, thank you very much. I agree with you, my friend. See you soon. Thank you. Charles Kamala Harris is out. Progressives are calling out, the lack of diversity, racial diversity in the Democratic Party 2020 was supposed to be the partys new era of being young, diverse woke. What happened . Plus warren moderates out with their plans to fund their version of utopia. Bidens tax plan seems like a drop in the bucket compared to warrens but is it a drop in the bucket compared to reality . It is still expensive folks. Well be right back. [grunting] [maniacal laughter] gold. Gold right, uh. Thank you, for that, bob. But i think its time we go with gbtc. Its bitcoin exposure through a traditional investment account. Nice rock. Its time to drop gold. Go digital. Go grayscale. 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. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. 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Thats why fidelity continues to lead the industry in value while our competition continues to talk. Talk fidelity. Charles joe biden reportedly says he wants to pay for his 2. 3 trillion in policy proposals with higher taxes on the wealthy and corporations. Washington examiner senior columnist fnc contributor fred barnes joins to us help break down bidens plan, and you know, listen, fred, when you start to look at Elizabeth Warren and add up her numbers felt it was going to 100 trillion. We start hearing three trillion for this, two trillion for that it doesnt sound as bad by comparison but its a big deal. Its a big deal. Joe biden wants to be considered a moderate. This was not a moderate tax plan and it assumes, as liberals and democrats often do, the public isnt very smart and people will think, theyre only going to tax the rich but obviously the rich will fight back and they will have to tax the middle class. That is where the money is. So look, people are smart enough to realize that when you say, oh, were just going to do, well tax the rich a little bit, it is not going to hurt the economy, well, it will hurt the economy and here is what i think would happen if all this stuff passed and biden were president , had a chance to enact it, it would mean the day after election day, the stock market would collapse, november 4th, 2020. Charles well you know, President Trump has warned about that. It is hard not to think that thats not a possibility though. Stock market is forwardlooking mechanism, six months out, a year out. The market do exact opposite on President Trump. Erupted higher on unleashing of animal spirits that come to fruition. Yeah. Charles meantime wealthy corporations i think, i think there is a dual effort here, make them villains in so many ways, whether theyre responsible for climate, whether they are responsible for things that hurt the nation, gun violence, all these things, you make them such villains it is easier to say than which should be able to pluck this money from them. It is easier but democrats used it before, i think they will have a difficult time doing. We had a Strong Economy during the entire run for President Trump. People like that. The jobs, you can, i mean it is hard, not to get a job because there are some available. Charles yes. And that is what people want. And, theyre smart enough to know when you raise, say, the Corporate Tax or, and the Capital Gains tax by 25 and so on, then it is going to have some effect on the economy and on their lives. Charles fred, i got less than a minute. 2019 revenues were 16 1 2 of gdp. That is less, tax revenue. That is less than historic afterrings, 17 outlays. 21 is more than the historic average. We take in money, could think that was issue. When 2 trillion, we have a trillion dollar deficit. When it is 3 trillion, we have trillion dollar deficit. When does that become a real issue . We know it is but a ticking time bomb that Neither Party are not listening . Ticking time billions dont tick very loudly. Very few people want to take on entitlements, social security, medicare, medicaid, only one who talked about it frequently was paul ryan when he was the House Speaker and before. He is gone now. Nobody else is talking about it. Certainly not President Trump and republicans this is something traditionally a republican issue, that we have to cut back on spending because it is, or it is going to blow in our face. It will happen sometime and republicans are doing nothing. Charles Administration Says upon reelection, that will be a number one focus. Well see. Fred, appreciate your wisdom and expertise. Thanks for having me. Charles at 2 45. Well have lou dobbs, get his thoughts on impeachment inquiry that engulfed washington, d. C. You do not want to miss that. The Trump Administration tightening work requirements for food stamp aid which could make hundreds of thousands ineligible for assistance . Is this cute as some are calling it or really cruel to allow ablebodied adults to skip working and contributing to society . My Political Panel will debate that next. Cologuard colon Cancer Screening for people 50 and older at average risk. Ive heard a lot of excuses to avoid screening for colon cancer. Im not worried. It doesnt run in my family. I can do it next year. No rush. Cologuard is the noninvasive option that finds 92 of colon cancers. You just get the kit in the mail, go to the bathroom, collect your sample, then ship it to the lab. Theres no excuse for waiting. Get screened. Ask your doctor if cologuard is right for you. Covered by medicare and most major insurers. Charles Trump Administration planning a rule to curb states control of federal food aid. Now, as part of this new plan, there will be stricker work requirements tied to receiving assistance through the snap program. The new rule takes effect in april of next year. Officials say it will save the government billions of dollars. Actually encourage people to work. Joining me now, liberal commentator danielle mcglocklin, along with Fox News Contributor deneen borelli. We talked about many times whether it is tough or tough love. One media out let says 700,000 people, potentially removed from this, but the requirements are ablebodied and you can work, why not get out there and work . That is what it comes down to. Look, we have not had a job environment that we have today. Record low unemployment across the spectrum. So were looking at, as you said, people who are able bodied to work. We want to get them in the workforce. Why should they be relying on the government when they could be doing much, much better because the sky is the limit. There are more jobs than there are people to fill them. So, i think this is a good move. Charles well, is it a good move or mean and cruel . I dont want to characterize it emotionally, at the end of the day a lot of snap recipients already work. Under the rules you can only have snap three months in threeyear period. Charles different states have Different Program for the elderly, for people with children and for working poor. My view of this is actually the taxpayers are paying for food, putting food on the table for people who are in parttime work, seasonal work, working shifts and income goes up and down. Why are not being paid a living wage . Charles well thats perhaps a different story or paid a wage they can live on, maybe theyre living above their means that can become a complicated story. There are seven million job openings. I can tell you right now, i was talking to varney earlier today, about my last trip to the mall, i thought people working there woefully unprepared for working register at pizza place. There are jobs out there. Fred barnes said as much. Here is what im worried about, a society youre born into poverty and live there your whole life. Were all in my mind given godgiven exists and talents. If were not allowed to nurture them, see what is out there, i think its a loss not just economically, a huge loss for humanity, deneen. I totally agree. We started at Different Levels in our past growth up, but it is up to you, to use the skis, use talents, to apply yourself, keep reaching because you dont have to rely on government. You rely on yourself to be selfsufficient. I dont disagree with either of you actually but i think there is a balance. We dont want government to create excuses for people so they dont go out and work hard but when they are faced with issues, whether parttime work, low wages, there is a place where they dont go hungry and their kids dont go hungry. Charles deneens point we started at different places and were . The same shoes. Except for you. Charles not necessarily shocking, Kamala Harris is out of the race. Some are now pointing to the lack of diversification among the Democratic Candidates at the upcoming debate. You know, danielle, this was the new woke party. It is going to be a lot of blacks, hispanics, women. Still have women on the stage. What happened to black voters who are the, black candidates for the core of Democratic Party . Joe biden, by and large, state by state polling, South Carolina is clear example of it, even Kamala Harris, a woman of color herself, not just because you are a person of color in the Democratic Party will vote for woman of color but she couldnt claw back charles deneen, are you sorry about people contributing money to the campaign . You have wealthy people out there saying the Democratic Party is the party that represents america, the party theyre proud of on a global stage because you have different faces, different hues and all other things, when time to write checks for the candidates no rich people in the Democratic Party stepped up to help her out . What did you she stand for . Every week she was flipflopping. You invited her on the show, would not have come on. Maybe things would be different. Charles i could see the grind, there is no doubt theres a grind to it. My point, the party, im not sure that the party is walking the walk theyre talking. Thats all. She needed someone to cut checks for her. Instead they didnt. I dont disagree she didnt have message. I think that is fairly, there have been a lot of commentators charles there has to be grumbling within the liberal side on your party, progressives and liberals, fingerpointing they love to do republican looks like hypocritical to me. Far more Diverse People in congress on democratic side. Shouldnt matter what color, female, what skills are you bringing to the table. She did not bring anything to the table. Charles the woman in my ear highly skilled keeps tell me i need to go. Thank you both very much. D and d. Deneen and danielle. Well be discussing white house new rules on food stamps with acting omb director rouse vogt tomorrow. You have to see it. What will he say . Can he justify it . A massive shortage in the American Trucking industry. Well get inside glimpse where it is centered. Were talking about women behind the wheel. 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Verizon keeps business ready. Charles retailers always looking for new ways to attract loyal customers. Claman countdown host liz claman will be joined next hour about the creator of a retail platform offering Online Shoppers free bitcoin with every purchase. Sounds very intriguing. A lot of people are terrified but intrigued by bitcoin, charles. They look at it and see these wild, volatile swings. Just an hour ago, bitcoin spiked 1000 per coin within a matter of minutes. That kind of move. It is great if theyre moving up but what if it moves down . That scares people off. There is a company called, lolly. Think lollipop. Any Online Shopping with regular dollars you get a portion back with more than 750 different retailers. Everyone from walmart to macys to lululemon. This company worked out deals and you get a portion back a tiny percentage back, in bitcoin if youre out there shopping anyway online, why not get Something Back . Alex adelman is the ceo. Its a fox business exclusive. They have a major announcement today of a brand new partner they have and it might mean if you book your travel online, on expedia, you will get some bitcoin back on what you paid. So, they would say there is no risk here, charles. I think it is fascinating. Its a brand new idea. Well see. You want rewards when you shop, right . Charles you always have Amazing Things unique. I think that is why the show does so well, liz. Cant wait to watch it. Thank you very much. I get a great leadin from you. Charles you dont need to be reminded but tune in every day to the claman countdown. It starts at the top of the hour. Meanwhile women truckers are in much demand in the area. We have a trucking shortage, we have had for a long time. Trace is carrasco is looking inside at their training. Tracee . Liz is the part of 6 women Truck Drivers. The shortage of Truck Drivers are expected to double. Companies are reaching out to women. Liz, i want to know what companies are doing to recruit women Truck Drivers . I think theyre doing a lot of things. Theyre implementing family passes and pet passes where you take your child or husband along or pet along. Theyre definitely looking to the safety regulations and just comfort i think for the women. Reporter what does it take to be a truck driver . Has to be challenging as a woman . It is challenging as a woman but it is good outweighs the bad. Being a truck driver, the course is four weeks long. One week in the classroom. Three weeks on the road. Reporter charles, i have to leave you with one final thing, according to number of research done, women outscore men in a number of important safety aspects here. So well send it back to you. Charles im not surprised. Tracee good stuff, thank you very much. Hopeses of a phase one agreement with china boosting markets with Vice President pence exclude exclusively President Trump is willing to wield tariffs to get fair trade deals from china and our allies. Up next, i will get reaction from lou dobbs. You do to the want to miss it. The epson ecotank. No more buying cartridges. Look at all this ink it comes with. Big ink tanks. Lots of ink. No more cartridges. Incredible amount of ink. The epson ecotank. Just fill and chill. As a doctor, i agree with cdc guidance. I recommend topical pain relievers first. Like salonpas patch large. Its powerful, fdaapproved to relieve moderate pain, yet nonaddictive and gentle on the body. Salonpas. Its good medicine. Hisamitsu. 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. 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Charles Vice President mike pence calling out democrats focusing on impeachment rather than things like usmca in my exclusive sit down. The hearings concluded with democrats calling legal experts screwed noising President Trumps conduct scrutinizing. Lou dobbs is here to talk about this. How are you doing . Charles im doing great. Youre the perfect person to have the conversation with. Thank you very much. In the last couple weeks, American Public has lost complete interest in this. Public opinion polls go against the democrats but theyre continuing down this path. They are, in of itself is surprising because with pelosi, great political acumen, judgment, instincts understands what is happening to her party as you correctly assess. The party is being hammered here. Independents in particular theyre telling democrats theyre not buying any part of this. The opposition is rising. At the same time that President Trumps Approval Ratings are climbing. This is, actually, i think the republicans should ask them to continue this for as long as they wish. Charles they probably will. Here is the irony. It feels like, okay, you have these hearings, bring all the people to d. C. You bring in people to try to find out if you can form a crime out of what we heard. In other words, we heard the whole system is backwards. They turn everything upside down on its head. It is just, this feels like they wont stop digging . Yeah. You dont often see legal scholars turn into a small mob like these three partisans because thats what they are, partisans before they are scholars of any kind. Jonathan turley, the only independent thinker, he is was a nevertrumper, but who is asking for moderation, judgment. He is literally the only adult in the room. Charles where does this go from here . One of the things i spoke with Vice President pence about was incivility, the inability for washington to work at all and just sort of, what it means for the entire country because we are certainly, feels like were certainly divided. I think a lot of that comes from the media, a lot comes from d. C. . It comes from lots of sources. Its a time which we live. I agree with jonathan turley, this is a constitution of ours written for times like these. If we honor it, we will, i think do very well. We come out the other side and have done so for over 200 years. Charles right. What i dont think makes a lot of sense is for people to continue to ignore what theyre seeing, to ignore what theyre hearing. It is viciousness. It is pure balderdsah being spewed in that hearing room, the judiciary this time. Previously it was the Intel Committee room. This, the American People know whats going on here. And the democrats look like damn fools. Theyre acting like damn fools and by the way, im starting to think theyre damn fools. Charles to your initial point, nancy pelosi, i like you, you could see, she did not want to do this. But you dont see her around . Charles her fingerprints are not on this. She is not around it. She is not justifying it. But allowed it to continue. When is the last time you saw Chuck Schumer . Charles it has been a while. Been a while. You will not see him. Charles this is nadler, schiff, type of thing. They will go down with the particular schiff. Theyre safe, in their districts theyre safe. Doing exactly what they want. The truth is, that the Democratic Party is going to pay a hell of a price, particularly in those 31 districts in which President Trump won and those democratic incumbents will be paying a significant price. I think quite a few more of those democrats as well. If they could just keep it going say into march. Get us to super tuesday, and Democratic Party will then be on lifesupport. Charles lou dobbs, you said it. Thank you very much. Great to see you. Thanks, charles. Charles of course folks, make sure you catch lou dobbs tonight 7 00 eastern here on fox business. Trading hopes helping the market along with a whole lot of other things. A lot of bottomfishing going on. I will explain what that is as we go into the final hour of trading. Also i will point out a couple yellow flags on the economy. Well be right back. brakes screeching okay. So, today youre going to leave your phone with a guy named flip. ding but its more than your phone, its your business, your customer data, your sales figures. And who can forget, those happy hour selfies . Not flip. honking, gasping this isnt working. Introducing samsung Business Security solutions, with knox software. With the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isnt. Samsung business solutions. But at fidelity, value is more than just talk. 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The private sector payrolls grew by less than half than expected and of course we get the big number on friday. And then theres the yield curve flattening. I only bring this up because the media will bring it up as it starts to get closer and closer. To help me go through this countdown capital managements president fox business contributor gary kaltbaum. You are like the perfect person to talk to about this. I am . Charles you are because i know were going to connect the dots back to powell. But lets start with [laughter] charles lets start with the data first, though. Adp i think theres an issue here, i think it is mostly about this economy and Small Businesses unable to find workers, unable to pay workers, but what do you make of the job situation . I still think the job situation is pretty darn good. It is how do you improve on 3. 6 . Theres definitely a few issues out there, manufacturing. Theres some soft numbers out there. But for the last year, ive been hearing about recession and depression from so many people, and ive just been saying were just going to grow. And i think this quarter were probably 1 1 2 which is no great shakes, but a lot better than many other areas. And for me, the market will know everything. Even with powell doing his little thing, if we end up going into a real slide as far as the economy, the market is going to take a dive beforehand. So im just not worried about it just yet. Charles for three days in august the ten and two year yield inverted and the markets lost their minds for a moment. The media lost their minds for a moment, that recession was right around the corner. They are getting closer. I mean, again, im like you. I look at all the other data and i feel very confident, but it is a big deal it is a big deal in the financial media. Well, it is something to watch, though. Look im a big believer in precedent. Im a big believer in history. I go back, you know, 100 years to see what happens when something happened, so, yeah, it is something to watch. You know, so far so good. It is not inverting yet. But it is something to watch because it is getting close, because it is one of those little factoids that show up that could have repercussions, but again, i think were in okay shape right here. No great shakes. I think if we get some deal with china, that should help. I still think theres some uncertainty out there that could be ameliorated if that deal ever gets done which should be about 2027. [laughter] again, i think were in okay shape. The markets are reflecting it. Charles President Trump said it could be after the election. He didnt say which one. Exactly. Charles going into the last hour of trading, energy is the best performer today. And thats an area thats been underperforming. The best performing stock for most of the day was the best performing stock last week. You know thats kind of bottom fishing, risk taking. Do you do that . If people want to do it because they think i want to buy a stock that hasnt run up already. What would you say to them . I look at sectors when it comes to whats potential bottoming. The greatest advice i can give to your viewers is when you have Something Like energy, which is just so unloved and underowned right now, if you catch the turn exactly, you end up making some real big coin because already up 15, 20 percent, people start yelling and screaming, and the big boys jump on it. So far i havent seen it yet, but it is something im watching because im seeing a bunch of insider buying, things like occidental and things like that, but again, not yet. Charles same here, same with me. Im watching both closely. Thats why i asked you about it. Folks, you have to catch gary tonight 5 00 p. M. Eastern bulls bears right here fox business. Now over to liz claman. Liz thank you very much, charles. Look at these numbers. Its bounced back wednesday; right . Can the bulls notch their first win of december . Now, the s p 500 right now and the nasdaq have both recovered yesterdays losses. The dow is closing in on doing that, but not there quite yet. Were going to know in 59 minutes. Reports out today that phase one of a china trade deal could be done before the december 15th tariffs on china kick in. President trump revealing at the nato summit today the opposite of what he said yesterday. He said the chinese and american negotiators have had two phone calls since yesterday, but the event thats grabbing all the attention, global l