Huawei parts and various particulars there. That will freeze up fast. No more extensions. That is the push and pull on stocks right now. Meanwhile this issue of the on going hearing right now, inspector general, many others on capitol hill, whistleblower i should say, where all this is going, sentiment built to the conversation with the ukrainian leader that the president had back in july. A lot of people are looking at this 1998 feeling all over again. House democrats are pouncing on the whistleblowers complaint. It was House Republicans in 1998 were zealously going after impeaching president bill clinton. Impeached him in the house. Went nowhere to the senate. Survived that and had a good post presidency. They did the party out at that time from the white house did recapture the white house a couple years later. Markets were throughout back then. More of a little bit after roller coaster ride. Blake burman is here. Reporter almost simultaneously President Trump sent out a tweet that democrats in his view are trying to destroy the republican party. He urged republicans to stand together. The argument from the white house today is coming from press secretary Stephanie Grisham and she is trying to make the case that the whistleblower complaint illuminate above what was in the memo of the call released by the president just yesterday. Here is her statement. Quote, nothing has changed from the release of this complaint which is third hand account of events, cobbled together press clippings all of which shows nothing improper. The white house will continue to push back on hysteria and false fairtives peddled by democrats and mainstream media. President trump will continue to work hard on behalf the American People as he always does. However the complaint leads to many questions for this white house. The whistleblower complaint that white house officials were deeply disturbed what happened in the call, between President Trump screen right, president zelensky screen left. And white house lawyers were trying to determine according to the complaint how to treat the call. According to the whistleblower white house officials locked down all records of the call and were directed by white house lawyers to take the transcript off the system where it normally would have been stored and put it on to a different system that deals with more sensitive material. Now the whistleblower alleges that has been done before as well in this white house with other calls. Here is from the whistleblower complaint, quote, according to white house officials i spoke with, this was not the first time under the administration that a president ial transcript was placed into this code level code word level system solely for the purpose of protecting politically sensitive rather than National Security sensitive information. Nancy pelosi, speaker of the house picked up on that this morning and described it as an improper movement. The complaint report as, quote, repeated abuse of an electronic records system designed to store classified, sensitive National Security information which the white house used to hide information of a political nature. This is a coverup. This is a coverup. Reporter this is a coverup as you hear from nancy pelosi. Neil, we should point out this is a whistleblower complaint. We still do not know the identity of the whistleblower is. Director of National Intelligence testifying up on capitol hill this morning says he doesnt know who he or she might be. Neil . Neil thank you very, very much. Blake burman at the white house. Obviously these crosscurrents as well as is this progress in the trade front, is there not progress in the trade front. Whipsawing the markets. The dow down around 113 points. Still within a percent or two of alltime highs reached in the end of july. Lets get the read on all of that from the acting director of National IntelligenceJoseph Maguire reacting to the transcript, just listen to this, how he was spaining explaining this. I just make sure, foreign, well have the president of the United States not talk to foreign leaders or we should just publish all the transcripts because that is what is happening here. Ranking member somebody is leaking this. Likely coming from the agencies that you oversee . Ranking member, no, that, sir im not saying you dont know the dissemination of these calls is supposed to be sacred, right . But this is now the third time. Im not aware of this ever happening before. Of contents of calls like this getting out. I really dont know, ranking member. Im not aware, i dont have the numbers to, just seems to me though it is unprecedented. Neil that of course is Joseph Maguire, the whistleblower not coming before congress right now, but the basis of that report goes Something Like this. That the whistleblower described information from multiple u. S. Government officials that the president is using the power of his office, quoting here, to solicit interference from a foreign country in the 2020 election. Now, that was why he moved and reacted the way he did, were told. That brought us to where we are right now. Former u. S. Attorney guy lewis on all of that. Guy, that was the justification for trying to get the word out. Do you buy that justification . Neil, im always skeptical, i hesitate to rush to judgment and i think it would be wise for us as a nation, as the American People, i would caution. I like you, like a good reporter, i looked at the whistleblower complaint as well and not only is it second and third hand sourced, second and third hand information, the whistleblower says that i have no whistleblowers word, i have no firsthand knowledge of basically any of this. Some of the other sources, the new york times, washington post, politico, abc news interview with george stephanopoulos, im not saying, some of it could be true but that is the source of information contained in the complaint. So i think we ought to take a step back here and proceed with a little more caution. Neil i readily agree with that. Help me out as the lawyer here understanding what is going on here. Is it unusual in this case for the white house to have made the call, lock down all the records related to this phone call and any communication between ourselves, that is the white house, and ukrainian authorities, in this case the Prime Minister of ukraine . Great great question. Clearly the white house is concerned as it should be about the president S Communications with foreign leaders. This isnt the first time, this isnt the first time that an actual conversation between the president and the leader of another foreign country has been leaked illegally and improperly. Mexico neil youre right. Very first one, day after he was sworn in as president , i mean call with a former Prime Minister of australia leaked out to the world. He wanted to know what the heck that was about. Obviously he is protecting himself or the white house in general saying weve got to make sure we have everything in hand but is that act alone questionable, or even illegal . I dont think it is illegal. And sure, you can ask why, i think the answer is clear and straightforward. There were at least a dozen or more people that were on this call. And strangely, strangely only one person decided that this was so improper that he or she needed to put it on paper. I would also point out, the contents, frankly this entire little episode has been looked at by the department of justice, not just bill barr but career people and the matter was referred to the fbi and they didnt even open up an investigation on it. There you go. Neil let me ask you quickly i wish we had more time. Youre very helpful here. We talk about a quid pro quo, if you take the leap of asking to something, linking it to Something Else, in this case aid. That does not appear to be the case here. It might be in future revelations but we dont have that. Phone calls and transcripts of those calls. But if there is no quid pro quo, asking for that information or details on an opponent, what he was doing when in this case he was the Vice President of the United States, is that a quid pro quo, in other words, is a foreign leader providing that information to the president , promising to get information back to the president , is that your quid pro quo right there . I dont think in of itself, i do think you have to put the call in context. Right. July, middle of july. The whole russia thing was winding down. He is clearly upset. He being the president , is clearly upset with the origins of this the russia investigation. Multiple people are looking at it. Neil right. The former, so there is an ongoing investigation. Perfectly appropriate for the president of the United States, president to say, hey, we want your cooperation. We think you may have some information and lets work together. Neil all rig. Guy lewis, thank you very, very much. I appreciate it, my friend. By the way Kevin Mccarthy on the wires, republican leader in the house saying of nancy pelosi already saying there are Impeachable Offenses here, mccarthy saying it is already decided against impeachment. Im different from the speak of the house. I will wait on the facts. Investors are sort of on pins and needles on this. Back and forth. They dont like anything disrupted. They enjoyed the run under this president , whether they like the guy or not. Investors at the time of the clinton impeachment, they dont want it disrupted then. They dont want it disrupted now. Immediate kneejerk reaction. Worse things look, more problematic for the president , maybe for the timebeing worse they look for stocks. Lets step way back on all of this, charles payne, bestselling author. Also popular host of here at fox, get his gauge. You know, your show is about making money and a lot of people are afraid, they chase the president down, charles. They wont be making money. Where is this . That is a fear if there was disruption or we got to the level of a true constitutional crisis that required to the removal of the president. Neil do you think were getting there . I dont think were getting there im not an expert. I went through the transcripts. I would hope any kid center court downtown in new york city would need more evidence to prove that they did something wrong than what people are trying to say here. There is a lot of assumptions there. Were is assuming that the ukrainian understood this and this was inferred and i think our legal system, i know impeachment is more of a political process. Our legal system has more checks and balances. That is the reason we have greatest country in the world. That is what weve seen so far. The market is anxious. There is certain anxiety, every time we come to the the alltime highs, how do you catapult above that . It comes back to the two situations, trade situation and federal reserve. They havent become tailwinds. The moment they become tailwind were off to the races of the as they fluctuate back and forth, were getting back into earnings season, theyre just a whole bunch of question marks over this market right now. Neil i have always argued, charles, sometimes the environment in which a impeachment process begins is as crucial as the impeachment process itself. It didnt help matters for richard nixon. We were in the middle staffing nation, runaway oil prices with the oil embargo. Then the economy dramatically slowing down. That was not a great backdrop for a president who was in trouble anyway. Right. Neil fast forward to bill clinton, you had the internet boom going on, the economy soaring, jobs coming fast and furious. I always argue wall street is not red or blue. Theyre green. They love making a lot of it under bill clinton and making a lot under donald trump. They dont want that disrupted. The people debate what trade deal will look like. Wall street doesnt care. Neil exactly. They can check that box and move on. They will not even look at the details. Oh, it is done . Great. Lets rally the market. Neil uncertainty is the worst enemy. Right. Neil uncertainty of the president , uncertainty of this trade deal even though we got promising comment of those who presumably know about them progress is being made. It is interesting, last 24 hours i have seen something i think is interesting. President trump is still playing hardball to a degree. Comments on huawei today, not extending those waivers. Neil thats right. And yesterday america putting sanctions on five Chinese Companies for taking iranian oil. That is hard ball. What we see in the last 24 hours of china . Foreign minister said they dont want to play game of thrones. They know america is number one. That is okay with that. That goes 100 against made in china 2025. We heard this morning that china is willing to buy two million tons of soybeans going into the next meeting. Next year if things go well, they will buy 30 million tons. In other words their olive branches and neil they made overtures before. To say, hey, well sank your Oil Companies a month ago or year ago they might have retaliated. Neil did they really say that about game of thrones . The foreign minister said we dont want to play game of thrones. Neil pell ton opening 27 below the opening price of 29. They had a devil after time. They might have gotten too greedy. They ratcheted this puppy up. Now it is coming back to bite their heinies. Well see. Back after this. Car like i treat mine. Adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what hes working for. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums frstill, we never stoppedss wmaking it stronger. E. Faster. Smarter. Because to be the best, is to never ever stop making it better. The 2020 cclass family. Lease the c 300 sedan for just 429 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Neil well i had a feeling Johnson Johnson would not take this lying down and sure enough it is appealing that better than half billion dollar judgment in oklahoma saying that it is way too excessive. This lawsuit against other opioid manufacturers comes at a time when there is not enough evidence to compel anyone to make the charges with the connection, in this case with Johnson Johnson and Janssen Pharmaceuticals all part of this same suit. Well keep you posted on that. Meanwhile keeping you posted on the latest hypeupped ipo that ipno. Peloton is getting licked on the street. It is coming back from the worst levels but having a bumpy start. Jackie deangelis with more. Reporter good afternoon, neil. Thats right. Were watching peloton shares trading in the red. They priced at 29 last night. They opened at 27. The price was at the highend of the companys range despite downs folks had of the companys offering. They raised a billion dollars. The valuation roughly 8 billion at pricing last night. The issue with peloton and the Company AnotherCompany Coming to the market that isnt necessarily profitable. Once more the bikes are expensive. The cheapest bike on the web site is more than 2,000. 2245. The treadmill product is 4295. The Business Model relies not only on selling these items but also the loyalty to the Subscription Service which is another 39 a month. You can find other reputable bikes on the market for roughly 1000 bucks. Turn on music, use a stop watch, not be part of the peloton craze. I personally do that. Having said that i have friends saying that the peloton bike changed their life. Switch gears for a moment, pardon the pun or dont pardon it if you like, talk about ipos in general, what weve seen so far this year. Ipos, we found on average there is 46 increase from pricing but only 18 if you strip out beyond meat because it had such a record surge, 450 . Look at some winners. Zoom video, crowdstrike, pinterest up 42 . At the same time we had a lot of losers and they include lyft and uber which everyone got so excited about, smile direct and spotify as well. So it is interesting to see that, you know, there is appetite out there for new issues. There is appetite for something different. At the same time, investors arent stupid. They have been looking at these companies saying if youre not profitable it is tough to pay up for them. So well see if peloton ends the first day on winners or losers lift, neil. Neil youve used these bikes . I have not used peloton. I have friends who own them. But i have a spin bike in my apartment. I use it the oldfashioned way. Neil i hear you. What i din like the peloton bikes no place to hold a sub sandwich and a beer. How dare they. Neil how dare they is right. Thank you for that, jack did jae deangelis. Greed is a funny thing. Financial backers and supporters are saying push it, push it, sometimes if you underpromise and overdeliver you will be richly rewarded for it but these guys could just be spinning their wheels . Spinning all right. Basic cable. What do you expect. Well have more after this. Like very high triglycerides, can be tough. You diet. Exercise. But if youre also taking fish oil supplements, you should know, they are not fdaapproved, they may have saturated fat and may even raise bad cholesterol. To treat very high triglycerides, discover the science of prescription vascepa. Proven in multiple clinical trials, vascepa, along with diet, is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33 , without raising bad cholesterol. Look. Its clear. 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