Has his work cut out for him. The former ceo Dennis Muilenburg has come under fire for handling of the 737 max crisis. Here is the man that will handle the crisis. Member of board of directors since 2009. Member of Blackstone Private Equity firm. He served as a ceo of nielsen and worked at 26 years with General Electric specifically with transportation and aircraft engines. Muilenburg as you know, critics said under him boeing was too cozy with regulators getting the 737 max plane to market. That the company was not transparent enough after the two crashes. The company says, new Ceo David Calhoun will bring a brand new commitment to communication. Number one is getting the 737 max planes in the air. The company halted production of the plane while it works with the faa to get it recertified. You see them sitting in the Production Facility parking lot in washington. Boeing a dow component. Boeing enjoyed a nice bump on the stock market today, but it hasnt been a great road since march. The second crash, number cruncher Charles Brady says it shaved 641 points off the dow since that second crash in march. As for Dennis Muilenburgs exit package, were sitting for sec filings on that. Reportedly eligible for a 39 milliondollar payout including 6 million in cash and stock and bonds. Connell. Connell good for 80 points or so today on the dow, thank you, grady. Kaltbaum Capital Management president Gary Kaltbaum joins us now and lets talk about boeing for a second and then well broaden this out a little bit, gary. I said finally fired, before i went to grady, people could see it coming but took egg boeing aa long time to act. We know he was fired and replaced. How do you think this played out . The reason he did for a while, the man did a marvelous job before the crashes happened but total mishandling of the last few months. Eight weeks ago they said they would expect to fly by december or january. That was way off. They overpromised and underdeliverred. I think a matter of time, the fact that the stock is doing poorly, nothing is getting done. The change had to happen. Better days ahead but i keep hearing, march, april, may, june now for airlines. Im not so sure it will happen anytime soon. Connell from an investment perspective which is how you look at things many times, crystal ball is tough but we could look back on the event as a bottom for the stock, right . What do you think . Potentially i watch price first and only thing i can tell you i dont know just yet. I have this little motto in the market. Where there is uncertainty i tend to stay away. But this definitely is on my radar because if they get past this once, once they get past this, i suspect the stock would really do really well Going Forward but there is still too many things out there. You have airbus as great competition. We dont know if they get the thing up again, when they will get it up again. I take a step back. There are some other things working in the market right now i dont have to worry about it. Connell youre right about that. Talk about that a little bit. Eight in a row at the close for nasdaq in terms of record highs if we get there we havent actually had a string like that of records, since i believe 1998. Com, oh, right . We didnt know what was coming after that. So couple ways to look at it. You could say are there bubbles forming now that we should be concerned about . If so, where do you see them . Do you remain bullish on stocks, at least near to medium term. We keep this going . What do you make of the market . You have to be bullish, that is number one. Look for me, ive been writing if you get my reports, jay powell is providing more liquidity now than bernanke did when we were in the throes of financial meltdown and 9 unemployment and markets just love it. So i think thats whats fueling a lot of this. The economy is reaccelerating. Im actually guarantying you that right now. Connell okay. I think numbers, for this quarter, i think a lot of people would thought we would be low ones. I think well be in the low twos. That means earnings will accelerate a little bit again but if earnings dont pick up, eventually there will be a wall, but right now, i have to tell you, just everything is breaking out. I think there were 800 new yearly highs in the market last week. That is really good stuff. Connell right. Apple is just going insane because people believe 5g will be monsterous for them. You know, i cant see anything bad which worries the heck out of me but right now into the new year i think were in pretty darn solid shape. Connell ride the wave while it is still there. Gary Great Holiday. You too. Connell last minute shopping underway. If you look at numbers, shoppers are spending big, they dropped 34 billion over the holiday weekend. Put that number in perspective that was 3 billion more than spent on black friday. The former chairman of blacks, joins us now. Nice finish to the year, steve . I think connell, mastercard pulse spending data through the early part of december saying consumer is holding up healthy in the 3 plus range. The Consumer Shopping early, theyre shopping online, theyre shopping for discounts. Youre seeing at the close of the season, heavy rush to christmas. Im feeling, as gary your previous speaker said that we have a consumer that is 2 3 of the Economy Holding up pretty well. Connell the other thing i saw that they expect a lot of returns. Part of that is, you know, people maybe dont like what they get. Because it is bought online, it doesnt fit, whatever the case may be. Because so much of that was bought online, people dont like to ship things back all the time. Even if they bought it originally online they will go to the store in person for the returns. Maybe that gives us another leg in january or the next few weeks where the brickandmortar stores start to do better because people are running amazon packages. What do you think about that . Youre absolutely right. The returns are a while part of the equation. You have a return coming in, you didnt like what you got at christmas. You go back to the store, getting upsell, betting that return, turning it into a sale is critical for retailers especially now you have call it, 10, 15 of all commerce is being done online, so youre getting a decent return rate, and that up seller getting the consumer to translate it back into a purchase is critical for retailer profitability. Connell the economy is funny, conversations we have about it. To garys point, the term we may see a reacceleration in growth. Wasnt that long ago, people were saying we would head into recession. Then we would avoid recession but it is not great. Then more optimistic terms. Where did i think we are right now . Back in august we were talking about a recession. Right now were talking about a healthy consumer. I feel terrific we may get resolution on the tariff situation. That plays into the consumer. As we go into next year, were in a political year. Usually tend to have, youre not going to have dramatic things happening with the consumer that could hurt them. Ultimately the consumer speaks with their wallet. Right now theyre telling us unemployment is low, confidence is high. Theyre coming in next year with fairly good amount of momentum. 3, 4 , of growth in the consumer off last years growth. Holiday season, mastercard was off 5 . You have a twoyear stack very healthy. Connell yeah. Good momentum. Connell has this surprised you, how resilient it has been, how consumer kept it going for as long as it continued . This has been a long cycle. People thought it was longest cycle. People thought is it would end. You have reacceleration. You have continued momentum. As long as earnings continue to hold up, the consumer is seeing increases, low unemployment. Theyre feeling pretty good about their own situation. Theyre continuing to spend it theyre spending differently. We shouldnt assume that the world is the same. Theyre spending more online. Theyre spending more for experiences. Connell yep. Theyre shifting behavior. Digitally Disruptive Brands are coming and people are reacting to that. Value is even more important than ever, so the walmarts, targets, off Price Players are doing well. Department stores are not doing as well. But overall consumer feeling newness, excitement. Theyre out there shopping. Connell right. When you add it all up, numbers are huge like 34 billion over the weekend. Absolutely. Connell steve, thanks for coming on. Happy to do it. Connell the rise of skywalker is it the beginning of the fall of star wars . Where the franchise is heading after the break. Dont miss us after the bell today, 4 00 p. M. Eastern i guess well talk more about that. How the market closes out the day ahead of christmas where we have a half day tomorrow. Reaction to all top stories, including boeing. Well be right back. re always so late. I do not speed. And thats saving me cash with drivewise. My son, he did say that you were the safe option. And thats the nicest thing you ever said to me. So get allstate. Stop bossing. Where good drivers save 40 for avoiding mayhem, like me. This is my sons favorite color, you should try it. [mayhem] you always drive like an old lady . [tina] youre an old lady. You are my diamond. For the diamond in your life, get up to 40 off storewide or get these one of a kind deals at the you are my diamond event. Exclusively at zales, the diamond store. About being a scientist at 3m. I wanted them to know that innovation is not just about that one aha moment. Science is a process. It takes time, dedication. Its a journey. 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[ 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. And my side super soft . With the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. And snoring . No problem. And done. And will it keep me in the holiday spirit . Yes with comfort and joy so, you can really promise better sleep . Not promise. Prove. Dont miss the final days. 0 interest for 48 months on all smart beds. Ends tuesday. What are you took there, 3 po . Taking one last look, sir, at my friends . Connell rise of skywalker, at least by one measure to last place as it brings in only 175 million over the weekend. That makes it the lowest opening for the Disney Star Wars trilogy. That is the last place reference. Fox news contributor Kevin Mccarthy joins us. Some would say 175 million is a good problem to have. Not if youre star wars, where you get compared to, star wars. What do you think . Good morning to you. Merry christmas, connell. This is an honor to be on. This is an interesting thing because i feel like the attraction for this Film Box Office in my opinion lower than the first two. You think about the first movie coming out, youre rebringing back han solo, luke and leia. Of course that movie will open up to extraordinary numbers, 248 million in the opening weekend. You will dip down to last jedi, 220 million. The appeal is still there the cast coming back, kind of what happened in episode 7 would lower episode eight. Now episode nine comes around, youre selling entire ending after trilogy without the idea of seeing visuals of hahn, luke, leia in the trailer. Besides that it doesnt have the core main characters in the promotion for the film. Connell right. So i think in my opinion were a bit of a star wars fatigue, right . A lot of questions where these even movies even fall in regards to the timeline. Solo the spinoff, rogue one, it did a lot of money it, opened up at lowest. It is at the end of the nine star wars saga. There is a lot of criticism. Episode 8 was very divisive among critics and audiences. This is other way around. Audiences enjoy episode nine. Critics were very divisive. Connell i dont know enough, my star wars fatigue set in much earlier. Im probably the wrong person to ask. Right. Connell a lot of people are obsessed with it, but maybe not level they needed to be. What is the critissue with the movie and what issue do have with it . What did you think of movie . Im on other end of the spectrum. I loved the force a wakens. I didnt like the last jedi. That film ways away took all the expectations in j. J. Abrams, the force awake. It was new fresh take on what was going on with luke. Audiences didnt get the familiar star wars sawing goo what force a awakens you had to finish what he did in episode nine or episode vii. A lot of audiences were starved for no, sir tall today. Critics were upset because they reverse ad lot of what rian johnson did in episode 8, the last jedi. Connell people thought 200 million plus. Any other studio fortran choice would take that. You want to talk about cats. I saw the trailer. It freaked me out. You have all the luge names. The latest news, universal has come out, i dont know if it is happened before but notified the theaters they will update the movie which cant be a good sign, update it with improved visual effects. What is going on here with cats. Want to talk about box office failures, opened up to 6 1 2 Million Dollars in the domestic box office. Which film reportedly cost over 100 million to make. The question youre referring to connell the idea what happened to the redone version of this . Tom hooper, who is great director, did films lemes. The movie was not finished until last monday before the premier. He didnt have a finished product to deliver. What happened to the rereleased version of this, studios, apparently theaters got a memo from universal as you mentioned, this is article in the the hollywood reporter, that they would get a updated version of the movie with new visual effects much the visual effects when i saw it last thursday were absolutely horrendous, to the point it was again win nightmare to experience as audience member. A guy next to me, one of four people in the whole theater who was snoring, his snoring was actually more interesting than the movie itself, by the time the movie opened, the visual effects were so frightening connell i didnt know cavuto went to the movies. He was right next to you. Neil was behind me passing out. He had popcorn. He was sleeping. The guy was genuinely out like a light. A hour later he got up and rolled out. I was super jealous. I was as a critic watched the whole film. Get someone up and snore and leave. That is not a good sign. Connell not a good sign. The movie is a actual genuine nightmare, to be honest. Connell good to see you Kevin Mccarthy. Genuine nightmare. Merry christmas to you too. The flip coming up that is not a flop. How the razor flip phone is making a comeback in a big way. Apparently there sis huge demand. Well talk about it. You dont use this old tno g, do you . Or how bout this dinosaur right here . Nope then why are you still using a laser printer . Its got expensive toner cartridges. But this. Is the Epson Ecotank color printer. No more expensive cartridges big ink tanks. Lots of ink. If you dont think this printers right for you, just pick up your phone. chuckling . And give me a call. The Epson Ecotank. Just fill and chill. Available at. And everyone has dads eyebrows we chose eleanor. It was greatgrandmas name. So apparently, we come from a long line of haberdashers, which is a fancy word for. They left everyone, and everything so they could get here. And start this family. Every family has a unique story. This holiday season, help your family discover theirs. Connell investor received a pretty big gift. China coupling out saying they are cutting back tariffs on 389 billion worth of imports. The china analyst gordon chang is here on signal being sent to the rest of the world. Good to see you, gordon. What does this tell you, that china made this announcement over the weekend . First of all, there are 850 categories of goods where there is tariff relief. There are 850 reasons why they did this. One of the important things china is going through a severe food crisis right now. Pork prices in november were up 119. 2 . Food prices in general up 19. 1. They were going to have to buy ag and they were going to have to reduce tariffs anyway. Part of this is victory on President Trump. They banged on the chinese. The chinese understood they have to come to the table, they have to trade more fairly. Semiconductors, they want the world to support huawei. That is a real threat to the United States and to our allies and friends. So selling semiconductors to china actually helps china and hurts the United States. So you know, of course they will reduce tariffs on it. They want to entice equal comes and microns and everybody else to sell to them. Connell who has the advantage now . Phase one looks like it is done, socalled fay phase one. It will be signed in january unless something strange happens, who knows, but if that is the case you have this reduction in tariffs. Chinas economy is doing what it is doing. Our economy still is in strong shape. Who has the advantage right now . We still have the advantage but our advantage is much less than it was before the phase one deal. Connell why is that . Largely because i think trump gave up a lot and got very little in return. Robert lighthizer, the u. S. Trade representative, larry kudlow, economic trade advisor,. Dont think we got anything. Vague promises,. Connell they bought themselves time with the stock market. Election economy, election year, talking look like youre make progress. You have to acknowledge some of that is victory. On domestic politics. We emboldened the hard linesser in beijing, giving them more than they would get. Phase two would be more difficult. Other issues we have with china, i think it will be much more difficult dealing with beijing, victory on something, worst element in china will press advantage. Connell phase one were getting . Past the election. I dont see a phase two anyway. Phase two are structural issues. Connell stateowned enterprises, things like that. Xi xinping absolutely believes in the state economy. He will not give up the subsidies. Will not give up the industrial policies. Connell right. Those are things i dont think well get until chinese economy fails. Connell good to see you. Gordon good to see you. Well talk about issues. One of the most talked about moments of the last debate among democrats. Why andrew yang is telling us. That democrats may be on the wrong path. We have to stop being obsessed with impeachment, it strikes Many Americans like a ballgame where the score is going to be, you have to dig in and solve problems that got donald trump elected in first place. Than you. You are my diamond. For the diamond in your life, get up to 40 off storewide or get these one of a kind deals at the you are my diamond event. Exclusively at zales, the diamond store. At the you are my diamond event. You may have gingivitis. When you brush, and the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Connell so impeachment moves on hold this week with congress in recess. Now the democratic candidate for president , andrew yang, doubled down on his comment about democrats possibly focusing on earth issues besides impeachment. He was on neils weekend show. He talked about it on cavuto live. You talk about things other candidates dont talk about, the impeachment focus for example. Is it, youre not saying it was a mistake but the obsession over it is, and maybe the party heard you or nancy pelosi and others heard you by trying to demonstrate they could walk and chew gum at same time to address other issues. They must be worried something youre Say Something right. Im not sure if it is all me but the fact is, i said it at the debate stage, that this does strike Many Americans like a ball game where you know the outcome. Has it proven anything . The latest step of delay to get articles of impeachment to the senate . Your thoughts . I think Many Americans have opinions what the president did and whether it rices to level of impeachment . You think he should be impeached . I do. I believe speaking with foreign leader withholding political gain is beyond the appeal. The constitution says the impeachment is the remedy. At the same time we have to face facts that impeachment is unlikely to succeed without 20 republican senators having a change of heart, a change of mind. Most likely outcome is donald trump saying total vindication, total exoneration, in two months or so. Those are two months that, we could have been using to make a positive case to the American People about solving problems in our communities, that in my view helps get donald trump elected in the first place. Connell i believe our next guest agrees with that last piece from andrew yang. Not so great great maybe for 2020 democrats. The fox news decision desk director, a rnon mishkin. Good to see you. I think democrats have two jobs, or two goals. One to get him out of office. It aint going to happen. There is no way at this stage the republicans will vote him out. The second thing, somehow convince america that he did something wrong. You know, if you think back to the 1990s and clinton impeachment, everyone in america agreed what he had done with Monica Lewinsky was wrong. Connell the debate whether he should be impeached or removed from office. The polls showed, 79, 80 of americans said he did something wrong. Nowadays even though the country is split 50 50 between those people who think he should be kicked out of office and those who dont, only 60 think what he did was wrong. There is a very small number think he should be impeached because he did something wrong. The democrats have to make the case much clearer he did something wrong because that will be important for november of 2020. Connell what was it, i dont know if you know this, maybe it is not knowable, what about the case didnt resonate . When we polled at fox, 50 of the country said he should be impeached and removed. That is when the news broke. Now it is pretty much the same, half the country said he should be impeached and removed. That is not a great number. No president wants to think that. The point the needle did not move at all with the hearings. Our country is polarized. People are not moving from their tribes if you will, whether or not they support the president or oppose everything he does. Connell right. That is challenging thing for america, but in terms of the politics, what i think the republicans did brilliantly, was they focused on just that division. Should we remove him with the process is bad . They didnt engage on the subject on any of the facts of the case. Connell right. The democrats engaged with republicans on the process, they didnt focus enough i think on trying to make the case much clearer, that the, what he did was wrong. Connell yeah. Now i think what well see in the next upcoming weeks will be really interesting. I think we have a battle on capitol hill between nancy pelosi and leader mcconnell, that is going to be a classic for the century, in terms of the two masters of legislation. Connell could this backfire as well on democrats if you talk about holding the articles of impeachment, not passing them on to the senate, there is obviously some Political Risk there. There is risk for the democrats. There is also risk for the republicans. It is not clear how they would handle it. Connell right. I wouldnt underestimate either of these players, pelosi or mcconnell. Connell one of the things that is fascinating, we talked about this before, we wrap up 2019, going into 2020, no matter what the conversation we have surrounding the president , whether impeachment, the economy, his numbers, you look at these numbers, we talk about stocks here all the time, he trades in this narrow range. Have you ever seen a political figure, especially a president in narrow range of job approval, no matter what he does not going below low 40s, no matter what he does would be great not going to mid to upper 40s . Absolutely. I dont think there has ever been a president whose positioned in the public mind is so solid. Solid negative and solid positive and that is a challenge for people who go against him and it is an opportunity i think for the Trump Campaign because they will be underdogs. But theres a way for them to weave an Electoral College victory. Connell the Trump Campaign . You legitimately, im talking to more and more people, who think, i understand the polling on this headtohead, you think the Trump Campaign at this point is an underdog for reelection . I have to say theyre an underdog. Connell really. That is interesting. In other words, i think there are too many battleground states which are 50 50 which ought to be 55 republican. Florida, texas, are battleground states. The republicans will win them but theyre going to have to fight for them. Connell more that makes it a challenge. Connell i do understand the data but a lot of people have the view. Last few weeks i hear more and more people are he is looking good at the end of the year. China thing is done. Impeachment doesnt seem to be hurting him. He is looking good. On the facts of the case if you will, he is in good shape. We just heard there is good news from china. There is tremendous news on the economy. It is really hard to beat an incumbent with an economy strong as it has been. Connell right. On other hand you point out he trades in very narrow range. There are a whole bunch of americans, no matter what happens with the economy, they will not give him credit. That is a challenge. Connell almost definitely will be close. I guess is good for us. Wont be boring. Thanks very much. Thank you. Connell Arnon Mishkin heads up the decision desk at fox. We talk about Sports Betting. It is legal in more states. There is news on draftkings looking to bet on it and you to bet on draftkings. That story straight ahead. Everything your trip needs for everyone you love. Expedia. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. From packaging tape. To tape that can bond materials to buildings. And planes. One idea can unlock a breadth of solutions. At 3m, we are solving problems that improve lives. vo thewith every attempt,ck strto free itself,piders web. It only becomes more entangled. Unaware that an exhilarating escape is just within reach. Defy the laws of human nature. At the season of audi sales event. Connell making a big bet on Sports Betting. Draftkings is going public. Its a 3. 3 billion deal. It is being acquired by a Company Already publiclytraded. Did le agency, sports agent Doug Eldridge talks to us about it. Some people say this is commentary about the whole explosion weve seen in legal gambling of sports investors want to get in on it. What is the impression how quickly the industry come along here . Very quickly. Your last guest talked about underdogs. That is a perfect transition. We have a new favorite on the books, and that has to be draftkings. A couple key things came together, connell. Draftkings is being acquired by double eagle, and merging with sb tech. There are several key deal points. It is expected to close in the first half of 2020. Senior leadership of draftkings will stay on. They will keep the name draftkings. They will have market cap 3. 3 billion. 500 million in unrestricted cash. Trading on nasdaq. To your point it has come together quickly especially in context that draftkings was founded in 2011, in boston area. It was fasttracked by the scotus ruling that didnt realize sports gambling but effectively removed the national ban. 13 states have Sports Betting in place. Another eight on deck. This industry did 260 million in revenue in 2017. 430 million in 2018. And now analysts are predicting it could do 13 billion by 2023. Unquestionably the new favorite, not the underdog. Connell i think about the conversation we have about betting in general on sports, just how a few years ago it was taboo to talk about it, because of the legality, but think about it on a nfl broadcast, for example, for years a running joke on, when Brent Musberger would do the game, making a comment about the line, there he goes again. Now he literally works, retired from doing playbyplay at gambling show, whatever it is, that he host. Right. Connell the point it is all out there, all out in the public. I guess for your clients, say, for example, you must see opportunity . There must be more and more ways to make money on this. Is there . Have you seen that . Yes and no, to back up a step. Youre right, musberger works out of vegas with an Online Platform that really exploded. This goes back to 92 where george w. Bush enacted the amateur sports protection act. The notion was we need to keep out and protect unsavory characters so they dont taint or pollute the integrity of organized sports. Governor Chris Christie pushed forward a bill that would legalize the sports better in new jersey. That on its face violated it. It was struck down. The Supreme Court decision got us here. Jump to end of 2019, we see not only evolution of legal Sports Betting, more importantly, mobile, Sports Online betting we see how that converges. Draftkings the official partner of the nfl on the digital side. Connell yes. Were seeing expansion of opportunities between draftkings and the main competition, fanduel acquired by an irish outlet last year and merged with a canadian company. Everything is digital, everything is going mobile. It is caveat emptor, buyer beware, cautionary tale for players. Just last month an nfl athlete got indefinite suspensions from the commissioner because he did a parlay, three game gamble that involved his own team. I advise my clients stay away from it. Dont gamble in any form or ever. There are landmines with players. Connell sounds like the pete rose thing will suddenly be okay, but interesting in business perspective. Doug. Thanks for having me. Connell if you were watching the network on friday you saw Charlie Gasparino break a big story about the sec launching investigations into the New York Stock Exchange, recent ipos like slack and other direct listings there. Charlie joins us following up on that. I want to say i miss the good ol days when italians ran all betting. Connell who says that is past . Theyre still around. My dad was on two phones calling joey and veto playing middle. Connell last thing i want you to do is incriminate yourself. I want you to know those were wonderful family times we spent in the gasparino family. Particularly when he won. Connell speaking of sec investigations this is problem this is probably the biggest probe the New York Stock Exchange has faced. It is unclear what the target is. I do know there are subpoenas. From what i understand there werent subpoenas but requests for information. Who knows. I dont have it in my hand. Maybe it was a subpoena sent to designated market makers. Those are guys on the floor of the New York Stock Exchange when you bring a company public. They have the authority and sort of responsibility to make sure it was smooth ipo. Sent to two players, gts connell citadel. Citadel securities. Two of the biggest. Citadel is separate unit from the citadel hedge fund, owned by ken griffith, Financial Services impresario. Connell thats him. It suggests about the New York Stock Exchange and how they do ipos. It could, i would say it is the biggest investigation by the sec into potential problems, shenanigans. Connell we dont know what they are yet. One thing we do know theyre interested in the slack direct listing. Gts wasnt involved in that. We should point out citadel was. Why they asked gts i cant tell you. Theyre probably looking at other stuff probably but citadel was. That was messy direct listing. Direct listing is not quite underwriting. Basically, the same stock, the underwriters, the, wall street doesnt go out to issue more shares and bring in an initial public offering. What is out there already in the private market. Mainly just a listing. In doing that, in pricing that direct listing, there was a huge debail. It was 12 changes or Something Like that. It was really messy and there were complaint made by floor brokers about that process. Why were there complaints . In that process, when you delay direct listing or ipo, a lot of information can be shared between bankers. There are still bankers, financial advisors, customers, there is a lot of crazy stuff. So they are clearly looking at that information flow, and i will say this, you know, there is no, everybody says, you know, New York Stock Exchange has a comment basically saying they think theyre cooperating. Citadel believes they did everything right. Gts has no comment. This could be pretty serious. Connell we have a minute left. Lets get the other story in before i let you go. Bring in the tesla stock price. Charlie covered tesla and elon musk a lot. I will say do a one year. Connell people who havent followed it. One year guys in a second. 420dollar mark was key. You remember famous or infamous elon musk tweet, funding is secure, well take it private at what . 420. He made it sound like he had a deal when he didnt. He faked an sec charge. The stock tanked when it didnt come out that he had that. I will say this, there is a lot of fluff in this stock, okay . Im, im, listen i think he is brilliant. I think product from everything i heard is real. They have a real amazing factory. This gigafactory. They do produce products, technology, thats good, all that. The finances are still kind of funky with this company. So if youre buying this thing, you know, you got to bet on elon, i think you have to bet on tesla getting bought out for its technology maybe by apple or somebody with money because the i dont know, they burned through a lot of cash. I dont know if they can make it long term. Connell funny to see it at 420 after all that. Listen, its a good product and by the way, there is a lot of hype in this thing. People love elon musk. Connell other tweet earlier, whoa, stock is so high, lol. Im surprised he didnt take a victory lap on the 420 thing. Connell that was today. Whoa, stock so high. Charlie, thank you, sir. Okay. Connell Charlie Gasparino. Fallout from Elizabeth Warren hitting mayor buttigieg with the whole wine cave thing and fun fundraiser at wine cave, investor created a wine cave. Stick around for this. Restaurant owner created a wine cave. Gasparino wants access to it. Maybe mayor pete does. Well be back in a moment. Most people think of verizon as a reliable phone company. 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[ 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. So the mayor just recently had a fundraiser that was held in a wine cave, full of crystals and served 900dollar a bottle wine. Think about who comes to that. Billionaires in wine caves should not pick the next president of the United States. Connell will be known as the wine cave debate from now on. It kind of sparked a new interest, well, wine caves. Rail steakhouse out in new jersey, that is the wine cave. Executive director Mike Mulligan is with us in studio in new york. You have your own wine cave. Trying to keep a straight face on all this i got to think, that little comment helped you, no, tell us. Connell, a pleasure to be here. I didnt have a chance to see thursdays debates. We generally get three or four inquiries to the wine cave to book a party down there. And i came in on friday morning, the phone was ringing off the hook. Connell did you not know why . I did not know why. The first call i got was actually from fox. They had, they were asking me questions about the wine cave. I didnt understand why. They told me about the debate. I went to watch it. The phone rang again. It was another network. The phone rang again. I checked connell it wasnt just networks. People want to have parties there . Well, we had, on friday, i had over 40 inquiries to booking a party in the wine cave. Now the wine cave very busy as it is. It increased about 20 fold since the debate. Connell i dont know, if i knew what a wine cave was or thought about it before the debate, what is technically a wine cave . So you have had it for a while in the restaurant . We built the restaurant in 2015. Connell okay. One of my managers went on a trip to go see his son in new zealand and went to a winery and had didnter in a wine cave. Mike, we have to build a wine cave. Sounds like a pretty cool idea. It took about a year. We built it. We opened in 2017. Connell was it expensive to build . It was fairly expensive. We did it all on our own. Took about a year to do. Connell what goes into it . I guess keeps wine a certain temperature . It is underground. The wine cave itself, because we do dining parties there, we keep it at a temperature of, 70, 72 but the wine cellar next to it, with he keep it 58 degrees. Like private room at restaurant. This time of year you get corporate parties, that kind of thing coming in . The room downstairs, they rent it out . It is very busy. We do a lot of corporate parties, birthdays and graduations things like that too. Connell any 900dollar bottles of wine with you today . You can sip a 30dollar bottle of wine in a wine cave. I happened to bring the opus 1 which costs about 1000. Connell really. Dont tell Elizabeth Warren. You might be the next target. Yeah. It goes, there is obviously all difficult kinds. We have 4,000 bottles in our wine cellar as far as the election goes. Connell the wine cave booked out as far as the eye can see . Looks like it might be for a while. Connell taking advantage. You didnt even watch the debate. It was a nice surprise, Colin Connell good to see you. Enjoy the cave. Thank you. Connell Mike Mulligan, rails steakhouse in new jersey. Get the cave comes along with it. Funny how these things work when it gets into debates. Stocks on track for another day of record. Maybe the santa claus rally is real. Dow is up 109. A lot is bowing. Well talk about with the new ceo when we come back. Cavuto coast to coast when we come back. Theres a lot of talk about value out there. But at fidelity, value is more than just talk. We offer commissionfree online u. S. Stock and etf trades. 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We keep going up in this market. Alltime highs in trade today. Dow closes up, another record close. 108, down today, well talk about why as we move on. Think of america released a new survey, 60 of managers the recession is unlikely in 2020 so that brings up the question about whether or not this rally has room to run. Steve forbes is here with us this hour. And from the independent womens forum, beverly auburn. Beverly troy just today. Well start with stephen. What you think of this run we are on for stocks . What a contrast to a year ago. Recession, now its the opposite. Its almost sad to see 60 , thats usually an embarrassment. You think are getting too optimistic at this time . A little but i think we are finally doing something on the trade front so we are getting the uncertainty out of the way. Trump will propose tax 2. 0. It will make some proposals hopefully good ones on the healthcare side. The republicans know where they are vulnerable and that means the democrats wont win the election which will be good for the economy. If it looks like the democrats will open taking the senate are winning the white house, you will see the markets react to it in anticipation of bad things to come. This has been remarkable. Almost waiting for it on a day by day basis to come to an end but it keeps going up and up. Just in september, bank of america released this, 40 of managers recession was likely. Partially because of the trade work and partially because of the feds cutting and celebrating them. We are seeing a positive approach. It continues to back us. Beverly, your take. I welcome back and see whats going on in politics, what it means for 2020. First on the markets, how about it . The stocks are responding well to this trait deal. We still need to see the trade deals in there. Im most interested in seeing is also what happens to the farming Agricultural Community its been a factor hit hardest by the trade work imposed. We will see the subsidies have been giving to them, they were going to be rolled back as the year continues. In general, are to seek what it means for our american farmers. Its good news but what about the american taxpayers who have been paying for that . The huge win for President Trump right at the end of the year end as everyone would say, we hear a lot of recession talk this past summer and here we are. Before we talk about boeing, the story of the day, onto politics. An interesting conversation this last hour surprise me a little. I know flesh data shows this but ive been hearing for more and more people in the last few wees that he looks good for the election despite that. Impeachment doesnt seem to be in the economy. Its held up very well, the stock market is doing very well. He said he would still say trump is an underdog for reelection. The only one who can beat trump is trump. Everything else is going his way. If hes able to keep things on high ground, focus on taxes and healthcare, what hes achieved here with the economy, doing things to bring china to account, hell be in a strong position because of democrats. What their proposals on taxes, their proposals savings and things like that, they are not going to sit well. The one thing ive seen, is declining 2 . Ive heard that from two people. She was hurt. They arent ready to go the european way. Lets talk about boeing and the announcement came in earlier today. The stocks up by more than two and a half . Jackie joins us now on what this means for the future of the company and the 730 sevens max. Good afternoon. Great to see you. Is a big move today. As before they opened in the announcement came out there was a change in leadership. Its effective immediately. Chairman David Calhoun will take over january 13. The company has been there for 34 years. Theres a lot of speculation he would be removed and this is a very critical time. The company is still dealing with the aftermath of the two max jet crashes, struggling to determine when the plaintiff will get back up in the air. A lot of false alarms with that. Friday, the embarrassing failure with the space launch test as well. This is a fresh start for boeing on the dow. Can the company regain regulators and of passengers . Thats another question to be seen in 2020. They believe its a good step. Stock almost 3 and its at dow component. When it sees volatility, its got a big effect on the market. When i crunched monies this morning, its about a 4 gain. Thank you. Lets pick up on the idea of a fresh start for boeing. I think it was a terrible year for them. This is obviously a move that will restore confidence in the company and the decisionmaking policies. Hopefully it continues. Did it take long to get to this. I should have been six months ago. They clearly made mistakes in the past. Somebody has to fall on the sword. We will do things more carefully in the future. Regulators will do better now, not just bullying the way through. Beverly, your take. First of all, i think when you look at 2019, its the year of ceos pushed out, a continuation of it. Specifically with boeing, the chairman has, and said they are not going to recertify the 730 sevens max until he personally has done it himself. The reports he will do in january or early february, i do think that happens, if we see them recertify, i think Somebody Just needed to follow the score for being grounded in this is the reach we are seeing. Repeat we are starting to see this, the worst could be behind us. Obviously thought is the hope. I dont know if you have any thoughts on that you might have seen that. Well see. I guess we will see. I think whenever you have some major issues in a company like we saw this year, boeing had a horrific year, people just want to see that. Even if it wasnt ceos fought solely, somebody does have to take responsibly. People take response money but you see ceos often have to take responsibly and i think thats what we are seeing. And i think thats why we are surprised it took so long. Usually in business, thats how it works. It was a change of chairman title. Didnt make the change we knew had to come. People thought they are still trying to keep the old guard a and. He did not do well in the hearings in washington. So come on, you have to make a fresh start. Its been a Great Company for years but this is a terrible time. Well have you back to talk about other issues including big tech, his big by the 2020 democrats. Why are they donating millions of dollars for the candidates . That and more as cavuto coast to coast continues. Well be back. Some people say dress your age. Thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Lets follow the money here. Silicon valley has been under fire all year long from lawmakers but its not stopping big tech from big extending, donating more than 5 million to the 2020 campaign on the democrats. Even as those candidates, heres the white house with office. Democrats money in 2020 are raking in cash from Silicon Valley even though candidates running for president like senators Elizabeth Warren and Bernie Sanders have frequently targeted text ceos on the campaign trail. Tech company and tech employees are not afraid to fund raise for them. Facebook and google, amazon and apple employees have given over 5. 3 million to democrats so far this cycle. That money is also helping fund the campaign for president and by extension from their pledges to break up the companies a lot of the workers are employed up. Also tech company supported democrats so far this cycle overwhelmingly. 2. 6 million in campaign cash, 83 of that went to democrats, apple employees responsible for nearly 600,000 in donations. A whopping 95 of that to democrats running. Facebook showing 69 of the donations to democrats and amazon employees spent 75 of their dollars to Democratic Candidates over 1. 3 million that cycle but some candidates shunned donations from tech executives themselves. Others are not shying away from it like Pete Buttigieg who attended fundraisers. It is interesting. Its not shocking because they want to have a word or essay as a table. Thats the presumption. Thank you. In a moment as we continue, the former National Security advisor john bolton found himself back in the news. He spoke for the First Time Since leaving the administration. Well tell you what he said and the topic after the break. We sure to join us for p. M. Eastern after the bow. More on how the markets have been reacting. 116 on the dow as we speak. Coming right back on cavuto coast to coast. Saudi arabia is sentenced five people to death for the killing of the Washington Post columnist, jamaal. Heres the latest on that. Good afternoon. Five individuals have been sentenced to death for the murder of Jamaal Khashoggi an additional three people sentenced to prison. According to the prosecutor in saudi arabia, they will be allowed to appeal the verdict. The cia concluded based on an independent investigation but the killing was ordered directly by prince mohammed. The government of turkey repeatedly asked that the hit squad that arrived with a bone saw before the killing be extradited to face trial for the alleged crime. He was sanctioned by the u. S. For his involvement. He was found to have no proven involvement in the murder and ultimately released. An investigation was conducted by the general prosecution. Charges against him and the court ruled for his release due to evidence in this case. The present you heard from the spokesperson for the public prosecutors in saudi arabia. According to investigators in saudi arabia, this is not a premeditated murder but it was a spur of the moment. There would ask why the hit squad had with them a bone saw if they just intended to talk with him. Ive always wondered that. Make your. National news for a moment now, u. S. Is on high alert for the possibility whats being described as a Christmas Gift missile want. From north korea. His the details on that. We are watching indeed. They are whipping up some trouble just in time for the hottest. Heres new satellite imagery in the last 24 hours indicating a plant that has been associated in the past with Intercontinental Ballistic Missile production. Dangerous longrange missiles capable of hitting the u. S. They have been launched since 2017. The north has put a moratorium on any of the activity as long as denuclearization negotiation is going on but not that they are installed, it threatening that Christmas Gift. Contentment reports military officials, he sang it will bolster the countrys military armed forces in this crucial and turbulent time. A little bit of propagation, and exercise involving u. S. And south Korea Special forces going through what looks like has been called decapitation drills. Those are drills, exercises and the real thing aimed at taking out the leadership of north korea. The president is in beijing today meeting with president g. They are promising to try to get momentum going again but in the past week, we seen china calling for an easing of sanctions against north korea. President trump kim junkfood have met twice in the past year but the talks are going nowhere. The last week we have seen coming from President Trump, kim is too smart. He has too much to lose to act in a hostile way. We will see in the next couple days house mark kim junkfood is. Live from london today, lets talk about this a little more. Rebecca joins us in our. Would you expect kim junkfood to do something around christmas . I believe he could. He has given the ultimatum which is really what is, if trump doesnt come up with a deal, but ideal on his own terms, he wants sanctions released in exchange for any kind of partial deal he offered in a previous summit, a deal that would only take apart as a program and it would be reversible. Thats what kim jung un wants and he wants sanctions lease up front. He has a right to do that and sanctions have to remain in place. So this is an ultimatum that i think President Trump should see if theres a test which is what we are expecting, then we need to get back to that true maximum Pressure Campaign for the high cost for his continued outing of international forms. Are you with john bolton on this . First time he spoke about anything since leaving and said the president s policy is not working when it comes to north korea. We have to be tougher, right . What did you make of what john bolton had to say . Whats your feel . He didnt say anything that was false. What he said was that the north koreans have continued their program in spite of stopping the text. That is true. We believe based on opensource information that north koreans have been building out, producing missiles and Nuclear Warheads in the time in which they have been supposed to be talks with the u. S. Even though the u. S. Has stopped and faye have agreed to, north korea continues to improve shortrange missiles which can threaten the troops. Everything he said was factually accurate, i think trump has giving them plenty of time. Kim jung un has denied the opportunity and has not done that. One think bolton did say, hes at the administration, they really mean it. What they would pursue it differently with north korea in terms of deep nuclear rising that peninsula. The president and administration are not serious. The reason he said that is because china is not on our side. If trump continues to be patient with kim jung un and wait for him to come to the table again, kim can continue to build out his program. It does not work in our favor. North korea can continue a lot of it Missile Technology across the region. Trump wants to park at this going into the election. The problem is not solved so its time for President Trump, if he is serious. I understand politics at play but he has to do whats best for the American People so we have to put pressure on this because other countries are watching. North korea can get away with driving the American People with weapons. The strategy, meetings as hes done, as it worked . Has a backfired . Is it too early to tell . I think what we can say is that President Trump cannot credibly say to all of his critics that he gave diplomacy a chance. Not only did he give it a chance, he gave it the best chance anybody could. He reached out, clattered conjunction and allowed him to have his International Platform by stepping foot in his own country, all these things American People had a hard time snowmaking. He gave him an opportunity so now trump can say i gave you every opportunity. Sanctions have to go in place. We have black china go lax on enforcing sanctions. All of it has to stop. We will see if we get anything the next few days but have a Great Holiday and happy new years. Well see you soon. Merry christmas. Politics, are the home depot cofounder says Elizabeth Warren is missing the mark big time. Well be right back. Now we have the speaker of the house, nancy pelosi on her twitter machine today. I guess shes playing the fence over impeachment. Her tweets as a house cannot choose impeachment managers until they know and of trial the senate will hold. Well talk about that in a moment. The 2020 cap yank over the weekend, he said this may come back to bite the democrats. Lets listen. This latest step four articles of impeachment in the senate,. Most likely outcome was a trump will be totally exonerated into a month or so. For the two months that we could have been using to make a positive case for the American People about solving the problems in our communities that my few apps get trump elected in the first place. Distinguished panel is here with us. Take this one first on andrew yang. Not everybody has been think this but young said at the debate, i get it. Hes for impeachment. We have to talk about other things. I think a lot of democrats were for impeachment, they understand the importance of that. I dont understand how this is a political win for the democrats. A lot of people will agree. Its hard because they are stuck between a rock and a hard place. If she sensed the articles of impeachment to the senate, most likely it will, the boat wont go through. I think they are trying to figure out how long we need to hold onto this. A chance for checkers. What is your thoughts on how whole drama is playing out with the speaker and Mitch Mcconnell and as he impeached officially . Is he not impeached . Will they ever sent them . How does this all end up . I dont think this end well for democrats. I think its an extremely poor here for nancy pelosi who never wanted impeachment to take place. She couldnt handle it earlier on issues, she didnt want impeachment to move toward yet she felt like she had no place twice. She realizes polling hasnt changed. Even going through this in the house, nothing has happened so shes holding back but im not sure what her play is. I think this worsens what the democrats had on impeachment. I dont understand the game plan. They havent moved at all. It hasnt moved. Maybe more popular people thought when it broke and less popular now after all the hearings. 55 of the voters are against impeachment. You really have to fight this election. This has been a big loser. They used this for a typical political maneuver. In 2020, they will take andrew yang, he doesnt have to work worry about this. They will take a number of their candidates off the field during the campaign season. How will that change the dynamic of the democrats . To know corporate truck will be out, work will be out, collins and sanders, theyll be at the trial. They have to be and they cant skip the trial. So yes, it ends up hurting them. Schumer was not pleased with pelosi going ahead with this because put them in a position where trump will look good and they will look like the squabbling guys who cant get their act together. The idea you cant impeach him, he will determine senate to the senate . The senate can grab it and say youve already impeached him. See you in court. Ive heard so many things the last few days. The senate can take it over, the house can hold it. The senate should take it and say you have a problem, see you in court. Let me explain this clip for a moment. We can talk about that also. The cofounder of home depot cars after Elizabeth Warren over her attacks on wealthy people. Here he was appearing here. Look at her, how much money is she worth today . What did she do to get that money . Did she work the way i worked . I doubt it. Didnt work the way i worked. I think hes pointing out double standards that Elizabeth Warren had. She is a wealthy person but ultimately, this is not going to play any of her voters. There are looking at this and say if bernie doesnt like her, then i dont either. The election is about class and it welcome back to class. They agreed with her. I do think its interesting, she has faded. She has started to fade it seems. Yes because people are starting to realize implications to what shes saying. Shes created 400,000 people for that. Or shes overlooking and what the republicans will hammer her on, its simple. While the creation comes from people like bernie marcus. You get the resources to build roads and schools. People like him create those resources and opportunity for people to get jobs. The other thing i think, when she started speaking about her plans and she stuffs us this, she says stuff like its only people who have 15 million or above or whatever it was, 50 billion . I guess 50 million. Whatever it was. A very small fraction of those that are millionaires are billing us and then people do the math and say well, you cant raise the kind of money like that, it will just creep lower and lower and then she did start to. What is your observation . I keep waiting for andrew yang to tell her her math is not adding up. I would even say for the democratic basis, Pete Buttigieg is calling her out in the last debate, he said its a test you your soft cap pass. She has made millions. I think her big political error about being clear on healthcare, not being clear on billing us will be taxed. Something she has popped up in the past, i think we should call out that but shes demonizing Wealth Creation as a whole. It gets to the heart of the american dream, you think its a good thing or a bad thing . I think she has changed her focus on corruption to wealth in general and even democrats are realizing is not a political narrative to win. Will move on to that. We will move back to boeing. The stock has been rising. Our new ceo, the chairman of the Company Calhoun takes over january. Boeing is driving the dow higher today, its up to an a half . Well be back. To the Housing Market now being seeing a boost, sales up 1. 3 in the month of november. Its the best three months when you add them together since 2007. What is ahead . Does talk about now with the director of economic research. Abbott also joins us now. That number was below expectations but putting it together, and context, you see it that way and its not half bad. What you expect for early next year . Moving into early next year, we expect sales to catch up a little, slow and steady. To add on top of home sales numbers, and in really strong start numbers over the past couple of quarters. We are seeing for the first time, a pickup of guhle new supplies for the market. Market has really starved for that. Because we didnt starve so long for a lot of inventory, that value grows we saw in 2018 and 2019, too much for the market to handle and afford, so those appreciate numbers are stopping but even then, the softening is slowing down, we are seeing the turnaround back to the renewed appreciation and growth. We are getting stronger now, a little slower than last year but still picking up the study good growth. Not bad at all. Reading through some of your papers for next year, on a macro big picture level, now recession. Low rate environment. That is the backtalk. Thats how you see it . Absolutely. The low rate environment is probably what popping the home value appreciation turnaround and speed up a little more in the past couple of quarters. Right now, Consumer Sentiment is very strong. Homebuying is strong. Low Mortgage Rates help keep you idea possible for people but again, its that large down payment, is probably bigger. Which is why its nice and other waste market response which is the new Construction Homes we are seeing has gone smollett in the past three years. Hopefully with this idea that smollett is more affordable and build closer into town and the lack of jobs so the market is responding to the on affordability in the large generation of millennials coming up. So right now, the homebuying is still absolutely strong. The price. Really exceeded our ability to pay for them and thats whats making the prices jump. I said the point about the small did stand up. The mcmansions and fats been out for a while in the city and people can get rid of them. They have to lower the price but you see smaller houses are trending. Smaller is not always necessarily a bad thing. No, i think in many ways it can be really important thing to provide a market that has been for like 30 years, homes are getting bigger and bigger. They are a third larger than they were 30 years ago even after coming down the past three years. Smaller and also be built closer into jobs, smaller lots. As a way to provide more options for people. More options is really what i think the market is starving poor. Thank you. Happy new years, merry christmas. Lets get to charles payne. What are you talking about . Charles would say. You know me so well. How about the market . Me and my wife are talking about adding Library Art Gallery to the house. [laughter] weve got a little sonnet in the house so if i loved wine enough, i would make it a wine cave but im not big into it. Its a thought though. The last few sessions weve grown up, we drifted into the close. Its the holidays, the bias is obviously on the upside. The nasdaq at the close today, we always have to give is at 4 00, if its close enough to eight record closes in a row, a little party was telling me earlier that that would be the longest streak of record closes since 98. So maybe we have another nasdaq on our hands. If the drivers were completely different back then then they are now, back then everybody was investing in the market because they thought they would retire. [laughter] most of them just ended up in a cave. We have Real Companies going public with earnings and the hike from 98 is a reality right now in terms of the Way Technology is changing and the biggest names in the market in our daily lives Cell Phone Technology and other things so its completely different in the enthusiasm back then, it is night and day. I was telling Charlie Brady about it. All right. Hope you are Christmas Shopping is done. Thats a nice shoot. I admire charles but its usually the cufflinks. You still have those cufflinks on . I have beautiful ones today. Will see you at the top. When we come back here on coasttocoast, motorola, speaking of going back to the 90s, they are trying to roll back the clock with this new flip phone. A look at the razor. Remember the razor . They have a new razor, apparently the numbers have come up. Well tell you about this. Theres big demand for this. Well be right back. Here, it all starts with a simple. Hello hi how can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone wifi up there . Uhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your local xfinity store today. Its our most dangerous addiction. And to get the whole world clean . That takes a lot more than an alternative. So we took our worst vice, and turned it into the dna for a better system. Materials made from recycled plastic woven and molded into all the things we consume. We created bionic and put the word out with godaddy. What will you change . Make the world you want. It has been put on hold, motorola is the delay the release of its 1500 flip phone reboot. The reason they are saying they are doing it is because of high demand. Nobody wants a new flip phone. Years ago, everybody needed the razor. I guess we like the new one, too. I didnt know if there would be such demand. Its an expensive cell phone that everybody wants and its not called apple. This whole thing started a year ago with congress were samsung showed their foldable phone. I think in a sense, they paved the way for this. In a weird way, i think this delay actually increases the demand for curiosity about the phone, its beautiful. You like the idea of this bring back the flip phone . Taking advantage of the screen and making it smaller, whats the advantage of using that . You can watch it at different types of angles. If youre watching a movie or streaming with your phone or you want to do emails, it is personal. I think that is interesting to me, this timing might help motorola because theres going to be a lot of interest in the consumer electronic show. In about a week. If they wait until after that and then command the stage after all this attention, in a sense, they can create more interest. Does apple eventually go down this road, too . They dont always jump in first on things like this. You are right. Its perfect for apple. In a weird way, they will benefit from this because there have been delays for samsung and not motorola. I think apple waits to see how it creates a market and it learns from their mistakes and then it swoops in and dominate stock market. I think they will do that for 5g phones. I want to talk about tesla. The stock price, today the big news was the trade as above for 20. 422. 1. 419 now. People probably remember there is this infamous tweet where he said i got my funding secured and take this private tesla at 420 back in august of 2018. So now after all this time, tesla has gone to the magical for 20 marks. What you think of this stock . It shorted like crazy. I think its benefited from a couple of things. 1. 4 billion loan so they can expand. Its also benefited in a weird way from the missteps of its competitors. Mercedesbenz had a hard time bringing electrical vehicle and at the same time, we had jaguar and already have underwhelming the ground. In a sense, the fact that those companies arent eating away market share from tesla is a good sign from them. We have a number, a confluence of things happening with this stock. Its now the third most valuable automaker in the world. Its your plan and it is a good one, he would have thought by now, its been one of the cases against tesla those other companies, mercedes, b w, on and on, there was nothing to stop them necessarily. Theres no reason they cant make electric cars and sell them. So them for a lot of money like tesla but they havent. It doesnt mean they wont but they havent necessarily done that. In a weird way, this might also be reassuring to tesla and people interested. Maybe its not as easy to come up with an easy one as people think it is so queasy the missteps or underwhelming performance from these three other competitors so in a sense, maybe shows tesla really is at the edge of a difficult problem. Elon musk took a little victory cap on twitter. The stocks so hi, lol, he says. Good to see you, good to see her. Mark is up today, a lot of that but we also want to talk about tik tok. Shaking off concerned about chinese control. Theres a wall street journal report saying the company is looking to set up a headquarters located outside of china. People dont necessarily say Chinese Company for this app. The market is up, we will keep talking about it. Well see how we close out this full trading day. Well be right back. chime shaq 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. I didnt have a chance to see thursdays debates. We generally get three or four inquiries to into the wine cave to book a party down there. I came in on friday morning and the phone was ringing off the hook. We had on friday, i had over 40 inquiries to booking a party in the wine cave. Connell how about that. That was the guy we had on last hour from rails steakhouse in new jersey, Mike Mulligan. Mulligan is thrilled with the wine cave reference at debate with Elizabeth Warren going after Pete Buttigieg going to wine caves. I will see you at 4 00 on of a after the bell. Here is charles. Charles good afternoon, everyone, im charles payne. This is making money, breaking right at this moment, markets rise to new alltime highs. The dow getting a boost from boeing as it moves to another record. Now the question, is this the greatest year ever for wall street . I go headtohead with smart investors to debate this year, but discuss not only potential winners in 2020. Many point to housing boom in 2020 led by one specific group. Were talking, looking at who is buying, where and whether now is the time to get in on the action. We have very special guest to talk to us how she single