Interview. That is coming up. To our stop story, billionaire Mike Bloomberg is officially jumping into the race. To Charlie Gasparino, who has been on top of the story. That is a lot of money. Now you have mike on a good friend of my friend greg valentino. I have to watch. I cant wait for that. But in any event. This is a huge story on a number of levels. Mike bloomberg is one of the richest men in america. I think fifth richest, could be wrong. 58 billion. Selfmade man. David wow. New york city mayor. He has upended the race at least for journalists. Now the real question Going Forward, does he upend the race, the real race . I think there are two storylines you will see coming out. One is the bigger one. Does he have impact here . Does he have impact beyond beating the hell out of donald trump, right . A lot of these ads will be saying why trump is unfit for office david he has to get the nomination first. Do they work . Do they work where they get him enough votes where he sneaks in on brokered convention . It will be hard to come in right after super tuesday. David he is skipping the first four or five races. That is one business story. The second story is still important, what does he do with his company, bloomberg llc. David correct. It is amazing product. If you have been covering wall street as long as i have, you cant be an Investment Business without this. David why he made all the money. I dont he made so much money. Aside from the great analytics tool, it has been amazing news product, okay . Some of the best journalists i know work at this place. Great editors. They know what theyre doing. But they have been thrown a curveball in the 48 hours, 24 hours where they are now under a new regime, on how to report this thing which is not very, which is not very easy to follow. Theyre basically told this, you cant do investigative pieces on mike. You cant do investigative pieces on any of the Democratic Candidates. You cant cover the news but you can do investigative pieces on trump. Now,. David that is big hole in the news. There is bunch of personnel changes that sort of, mike had a direct role in bloomberg opinion. Theyre trying to like seal that up. You will still have columnists but i dont think they will be channeling mikes opinion too much in their editorials. So you have journalists going, trying to comply with that it will be very, very difficult. Im not saying they cant. They obviously could. Puts them in a very bad position that if you, listen, the rationale for covering trump differently and full on, as opposed to covering other candidates is that trump is already in there. He is the president. He won. These other guys havent won. Theyre running against mike. Suppose youre a reporter find out something about mike, biden, do you have to give it to somebody else . David that is huge gap in the News Division. Let me ask about the running for the nomination, that he is playing into liz warren and Bernie Sanders theme being rich can buy you political power. There are two answers. He is banking on democratic voters in large, en masse, also, the people that really decide these elections, independents, are much less class warfare, class conscience, than the woke liberals that have the loudest voice on twitter and social media. Maybe in the democrat, you know, in the democratic primary. He is brokering on that, you know, he has got a shot to get in there, the populist, the voting age, people who really vote, that decide these elections are not crazy about donald trump. They think he doesnt have the right personality. Can see that in his poll numbers. They wouldnt mind a moderate guy getting in there. They will not vote for Elizabeth Warren because she is so lefty. David can he get the nomination with all the progressives . Every biden person i said said no. I want to make one more point about bloomberg. David because we have to run. A lot of people think they will sell it. David interesting. These rules david that is a huge sale. It would be a lot of money. I dont know who would buy it. Have to put it in rules of coverage are so difficult to follow and the other thing is i dont know if you can extract the News Division out of product. The News Division, may not make as much money on terminals, to the terminal, and to the data that you cant pull it out. David very difficult problems for mr. Bloomberg. For people who work for him. He is worth 58 billion. When youre worth 58 billion, you dont have a lot of problems, right . David Charlie Gasparino, good stuff. Always important to remind folks first person talking about bloomberg running here and his Campaign Still going on was Charlie Gasparino when everybody else said he wouldnt. Huge assist from lydia moynihan. David great pouser. We are 20 days away from the next round of tariffs but could we see a delay ahead of the holidays . Edward lawrence on this. Reporter david, the announcement meant to get the stalled talks boeing again. The chinese said they would have new guidelines protecting intellectual Property Rights and patents this is something the u. S. Wanted and pushing for. There is a difference saying something, actually following through and doing it. That is what the u. S. Wants to see is the follow through. The deal is expected to be on paper right now. The two sides are still talking on phone to iron out details. Tariffs are a Sticking Point for the chinese. They want tariffs rolled back as phases are completed. U. S. Want to roll back some of the tariffs, keep the majority in place to make sure china follows through with this deal. Chinese experts believe eventually a phase one deal will be on paper. Yes, the chinese, as the president says, the chinese are desperate for a deal. Theyre hurting. He uses the term substantially higher tariffs just two weeks ago if the chinese dont make further concessions. Reporter the president says if we cannot get a deal on paper there would be substantially higher tariffs. In part some items on the screen. Hanging out there is the december 15th tariff which these items are included in. Senior Administration Officials told me the tariffs are scheduled to be imposed unless the president is happy enough with a phase one deal that he suspends those tariffs. On hong kong Going Forward as of right now the chinese see that as a separate issue, related to the trade talks. They are saying though, they will put countermeasures in place if that chinese hong kong human rights bill goes into effect and becomes law. David edward, thank you very much. There is another trade deal. President trump calling usmca dead in the water due to the impeachment push. Are House Democrats proving they cant walk and chew gum at the same time . To forbes media chairman, steve forbes on the fears of a major agenda delay. It is fear impeachment is sucking the oxygen out of everything in the beltway, right . It is. You would think nancy pelosi looking to the general election especially candidates coming in that put the party to more centrist direction, who want to show voters in 30 congressional districts could go back to the republicans say, hey, we got something done even though trump endorsed it, it is good for the country, unions like it, well vote on it, take away the charge youre just obsessed with trump and hopefully that will happen because the longer this gets delayed it hurts the economy. David it hurts everybody. It appears they seem to care a lot more about hurting trump than helping americans, right . There is big portion sadly in the house of representatives on the democratic side think a bad economy would help them. They do not want to see a good economy. Never say that publicly. David people be damned . People be damned as long as they get in. They think trump is the devil inkarn eight. She needs to realize if she wants to remain speaker which she does, she has 30 seats on the fringe of the Democratic Party. David they keep talking what they have passed. They can chew gum and walk at the same time but i look what they passed. A lot of it are renaming post offices those kind of bills, right . Apple pie week if that is still legit in this country to eat apple pie and stuff like that. In terms of big stuff they have to come up with something big. To say canada is happy, mexicos is happy, were concerned about america. When americas interests are in the case we rise to the occasion. Patrick and biden would want to be able to say in the fall yes, we put the Country First and not let the fringe dominate the agenda. David steve, let me talk about impeachment because you have got a good political sense as well having once run for president yourself. Congressman will hurd a moderate republican. He was seen as by a lot of democrats one republican. I dont approve what the president did, it was not coche you are but does not rise to impeachment. This essentially will be a 100 partisan impeachment. That we never had before in america. Dont you think that will turn off a lot of independents . It is. Mcglocklin group did polls among 17 battleground states, 55 of voters oppose the impeach process. Florida got as high as 60 . Among swing voters this is not sitting well, they havent come up with the proverbial smoking gun. That is one reason why schiff, adam schiff wanted this so much in private because in public it sounds awfully confusing. The president didnt behave right. That is not news. But is this something, especially in an election year. Election year, if you dont like the guy you can vote him out in november. David steve you mentioned news. You watch news. Mainstream media. With the exception of fox, couple other internet sites. Bottom line they say, the grounds for impeachment are there, everything. Will that news, even if it is, whether the report something false override the independence, lack of enthusiasm for impeachment . No. Because it dominates the upcoming election. We have an election next year. Caucuses are soon coming in february in iowa, followed by numerous primaries. It will dominate the primaries. Since it is not a winning issue, not if they found him strangling people at night, being a zombie or something. They havent discovered that. So it will take away news, especially on the issue of health care where they could use that as a wedge issue. It will get dominated by impeachment. Every town hall, these candidates will ask, what about impeachment . David the senate trial, youre going to see a lot more bipartisanship in terms of witnesses, et cetera, than we saw during the schiff hearings. If anything it will be worse for the democrats. Why werent we allowed to call our own witnesses as you would have in a normal courtroom. People understand that kind of thing. The house discredited itself. In the senate, i think, you know, donald trump doesnt have to worry about the senate. He has to worry about obviously the election. David by the way i have to put up forbes cover today. It just came out. There is the chairman of Louis Vuitton which just bought or trying to buy tiffanys. Very welltimed, sir. Jewel of a magazine. David a wonderful magazine. I love the name of it. I approved. I approved that ad. David ahead of big black friday deals, Big Companies making deals with each other. The details are coming up. Dont miss the market breakdown on bulls bears a little show i do at 5 00 p. M. Eastern time. Its a lot of fun. We have a great panel. Hope you enjoy us. Be brilliant. Be powerful. Be the diamond you are. Find dazzling deals on diamonds and more. The zales black friday sale. 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Record breaking shopping season kicking off. National Retail Federation says 165 million schollers are expected to buy over the holiday weekend. Overall holiday sales are expected to be higher than initially expected. That is great news on the economy. Retail analyst erin sikes says Consumer Spend something strong. Great to see you. Great to see you. David black friday has already begun. It is always supposed to be after thanks giving. Black friday is not what we grew up with anymore. It is entire week. Black friday you dont get better than phenomenal deals you get on saturday, sunday, or cyber monday. Might get a couple of bonuses or better credit or gift with purchase or Something Like that but you are not getting crazy deal that are different than the other days. David these guys, the retail experts have to kind of divine what will be selling well, what the consumers want. What do they think will be selling well this week . It is all about technology. So your smartphones, integrated watches, tablets, et cetera. Amazon, target, best buy. That is what theyre all going to be pushing. David you mentioned brick and mortars. We third they would be dead in a couple of years. In fact they have risen from the dead if in fact they were going there. Was all the talk overdone . I think retail, state of the economy was overpoliticized for a long time. That is unfortunate. Our consumer is really very strong. The retailers doing well will continue to do well. David walmart and target . Exactly. Walmart, target, amazon. Amazon had the biggest cyber monday ever of any retailer last year, on a down year. So just wait for this 2019. David how about the malls . There again we were hearing stories that we wouldnt see any malls 10 years from now. Somebody just invested billions of dollars in a mall in new jersey that has roller coasters in it, things like that. So malls are not dead either . No. It is really about upgrading the customer experience. Simon does a really great job of doing that they are the ones that control the woodbury commons, those types of very highend either off priced or traditional malls. But, theyre adding more restaurant. Helicopter landing pads to cater to very luxurious consumers. David even if you cant afford the highend stuff you like to look through the glass to see what they have got going. It is fun and social. David erin, thank you very much. Lets hope for the best year yet on holiday sales. Absolutely. David uber facing issues across the pond and under water close to home. Stay tuned for that. An average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. But you dont feel good. With polycythemia vera, pv, symptoms can change so slowly over time you might not notice. But new or changing symptoms can mean your pv is changing. Lets change the way we see pv. You track and discuss blood counts with your doctor. 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