Its a really, really busy or. How would you characterize year for investors and would expect in 2020. How about the last decade. Its been ten years now tend to thousand ten to 2020 send of a decade as well. And by some metrics globally, this is been the most positive decade in human history. Around. Inequality, rising access to capital expect and see if you look at statistics, its been an amazing decade. But it doesnt feel that when the developed word for a particular segment of society and that is the working class. So thats why in 2016 and 20s you had the brexit and the trump election. Its the advancing the working class of the working world. The manifestation of that is the new trade deals. Yet you you mca was positive, it was a big victory for President Trump. They are talking about, we had five lighthouse on the show and he set up to 200,000 jobs from usmc a. Im also seeing a percentage avenue into gdp. I think its the most formative trade billy patton half a century. This is had the support of both the democrats and the republicans, its got labor behind the free trade deal. We have never seen this before. It is a brilliant, brilliant accomplishment for this administration it so wonderful to see the house support it. Its going to have a huge impact on labor. As you know our gp is 70 consumer, and only run 20 manufacturing and labor. Because the outs to china. This tries to address that imbalance and protect the farmers in the labor in this country. And by the way its Just Brilliant electorally. So think about the states that benefits the most from usmc a. Its places like wisconsin, ohio, these are gonna play huge huge role in the upcoming election. You cannot win the presidency without going to the midwest industrial belt. Maria thats a great. 2020 is all about the election. Anything else on the horizon is gonna dictate performances. I think one of things i been looking out which isnt talked about enough as the price of crude. What is so strange as i remember even ten years ago, used to spike and goad now and they have the gop political issues. Think about what were able to do now prebecause United States has become such a producer of natural gas and crude, we have been able to influence International Policy in a different way than we ever could have before. So we have sanction places like iran, venezuela, russia, and it has had no discernible impact on the price of crude. This is another very interesting aspect of Foreign Policy that is totally intertwined with markets. So i think that is one of the real great benefits of the United States becoming a producer of this commodity, and now being able to influence our international system. And of course you see the saudis are having to respond to that with their recent ipo of aramco. Recently cannot rely on a society on that commodity any longer. And its changing their society not only with ipo but even socially. Maria its nice to see the u. S. Can be independent and be a producer, you dont have to be reliance on the saudis or than bitter easter on oil. Again dovetailing it to president ial politics. Its one of the reasons President Trump in gabbards policy has moved so much they both talk about endless wars. In those wars looking back to iraq, and libya, were certainly influenced by her need for that commodity. So they take that equation outcome as you. Out, and it is much more independent minded as it runs as farm policy and hopefully doesnt have much conflict. For now for the deer we get the news blumbergs ceos out. Hes brought David Calhoun coming into become the ceo of boeing. Your thoughts . This is one of our leading exporters, boeing, but has some real missteps this year. It certainly has, this is a tough situation because there are really only two majors here its boeing and airbus. And one is the u. S. Company and thats the one aside doing so well. So its a delicate situation because its also a big employer. But they have just had so many missteps with obviously controversy with the 737 and will happen in space, so they are being outplayed, you needed to have a change of the top. This is overdue. Well see if they forget that plane back in working, but you had to get rid of the ceo, thats just Good Governance at this. But the United States could not have boeing fail. Maria the company sometimes you have to see somebody take the heat for two fatal crashes by the way. David calhoun will become the ceo boeing effectively january 13. Let me move on to the private sector. This is your where you go. You invest in private companies and theyve done really well. A lot of people feel like when an investor gets a chance to finally invest in a company, when their Public Comments almost too late. We had the chairman of Exchange Committee jake lane, and he talked about a plan that he has two encouraged investors to buy into private companies way before they go public. Thats what is working at with the fcc right now. Watch us. Our main Street Investors do not really have access to private capital opportunities. That troubled me on a policy level and on a personal level. I want to make sure there main Street Investors are getting a broad opportunities at the reflex economy as a whole. So were looking at ways for them to access that whole spectrum. Your reaction. We seen this movie before. A lot of people are plotting it, i take the other side of that. Maria you disagree with clayton . I disagree with clayton i have seen regulators act with noble intentions or try to broaden opportunity. Most notably and most recently would you member george w. Bush talked about a homeownership policy how did that work out . So encouraging people to take on risky investments when they dont have that much savings, i mean 40 of americans dont have 400 in her savings account. This is not an area you want people speculating. There is very little disclosure on the private businesses its only meant for institutional investors. Maria its great to talk to you thanks so much and have a happy new year. Dont go anywhere my oneonone with the ceo of it took over 100 years to perfect this masterpiece of italian design and performance. And about 15 minutes for us to do this. Blends right into the italian architecture no no no no no 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. thud crash grunting whistle play it cool and escape heartburn fast with tums chewy bites cooling sensation. Tum tututum tums step up, please. Empty your pockets. 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Is about to become your problem. Ahh no, come on. I saw you eating poop earlier. Hey my focus is on the road, and thats saving me cash with drivewise. Whos the dummy now . Whoof whoof so get allstate where good drivers save 40 for avoiding mayhem, like me. Sorry hes a baby everything your trip needs for everyone you love. Expedia. Maria welcome back, the power of 5g technology. The race to tap into its Computing Power will be huge in 2020. Verizon and Amazon Web Services are taken that big leap forward partnering together to launch mobile Cloud Computing using the power of 5g. I spoke with ceo of verizon hans vesper, but the Companies Invest venture and how 5g will change our lives in 2020 and beyond. I think in the beginning on the air we outlined three Different Things based on 5g its so different from anything else and has so much capability p the first one is what we all know is that will define mobile ability you have on the streets here you have the smart phone. The second is 5g at home when you actually use 5g for the Home Broadband and the third one is what we announced yesterday and thats the 5g mobile age compute. Thats when you bring the processing and the computer storage very far out to the edge and you start new services. Its also for consumers. And thats their first in the world were doing right now to bring that together with the Cloud Company and we are doing it together with amazon. Maria so this is also targeting corporations and chart of aws and isnt companies, big institutions that are really going to see the effects of 5g before and the vigils . They arty have these up as a preview with amazon in chicago on the real estate, the 21st customers weve announced in one is a Gaming Company vivid when they are doing superlow latency they have extremely highly professional gaming scene need low latency see is that for 5g. And the others the nfl, and they are so much more cameras and so much information in the stadium. So you need that computer storage close to that stadium. Maria what you need to do in terms of more wylers capacity . Another issue that came up veteran analyst day was fcc and the broadband. Telling about that. I think we have all the assets for wanting the 5g comment weve already launched all the services we planted. We have expansions of it we are in and inquire mobility were going to be around by the yearend. We want to continue with that. And of course the 5g mobile edge compute first center is now launched, we are going to launch more centers in 2020. So we have all of that that we need, but we are always looking how to advance our portfolio. But right now we are happy with the assets we have periods before so no worries at at t is advancing more capacity under its markets. You think youre wellpositioned in your 5g platform . Absolutely first all we need to member we have the bestket. We are still continuing to invest in that. Well continue to do so. At the same time we are using network. Remember 5g network, for fiber its sort of virtual like network, its things weve been working on for years. Then of course we have a very unique position where you need to use the spect and thats high up. Its in normans so again we are happy with our assets but we are always looking how to enhance and plan for the future. Maria such a competitive backdrop. How did the disney plus promotional move work out for you . In terms of the offer . At that have a big impact . Sumac i think a very big impact. This is of service we know we have the best network, the best distribution in the greatest brand. We can partner with anyone we partner with the best brands. And this is a winwin. We are gaining, and they are gaining in this partnership and we have not disclose our numbers and i know it we are both very happy the way this is going and how excited our customers are for having disney plus. And its not only wireless its on 5g home, and finally we can offer the very, very interesting distribution channel, and thats why we want to be inclusive. We went to be exclusive because we see these companies we also see a great value to be at this. Maria so the Balance Sheet at verizon as well as dividends, tell me about how your are balancing investing in 5g continuing to invest will also continuing your Cost Reduction plan . I think we have a good balance, we do have a very Great Company with comes execution, but the priorities may come to suppercaseletters number one invest in our business. Especially our network. And we are doing this year will we have guidance with 17 to 18 billion. And thats in the network which is quite a big number. And whatever else we need. And then secondly we want to put our board in the position chickens continue to increase and thats weve done last 13 years. And ultimately resolve some way to grow to get to our next level. So its between 175 to two times the net depth. We are almost there. So that is how we actually use our capital. But we are prudence, we want to have a good Balance Sheet we want to prepare for the future. Maria what you see in ceos out there investing in 5g, and investing in telecom in general . We have a whole discussion every day about cap ex is slow down, the economy slowing down and companies are insert into their sitting on cash. So during this year probably together with my team that some 5060 ceos, with some of the largest countries in the companies we are talking about 5g mobile with them. And they are very excited for how they can transform and digitalize their business. When it comes to 5g. So they are very interested but they are also using these coming after member if you have a Large Corporation you have already infrastructure so take some time to start transforming up. But clearly our 5g platform with low latency, massive boot, everyone is connected devices. Thats a very attractive any industry at the moment. Maria my thanks to hans, dododododo i am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Are Critical Skills for scientists at 3m. One of the products i helped develop was a softer, more secure diaper closure. As a mom, i knew it had to work. There were babies involved. And they werent saying much. I envisioned what its like for babies to have diapers around them. Thats what we do at 3m, we listen to people, even those who dont have a voice. At the end of the day, we are people helping people. Here, it all starts withello hi . Ice. 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. Maria welcome back what year it has been, 2019 has been an amazing one. And we have been honored to bring you some of the biggest newsmakers in business and politics on this program. Take a look back at incredible year of wall street. Facebook as it is sicker, its addictive and bad for you. They want your kids. Now they are posting political ads with incorrect information. They are passing your information to 50000 other companies, yell even know its happening. And now they are buying assets like whatsapp an instagram, and commingling all that data, and if you saw that netflix special called the big hat, they are creating Market Segments the persuadables and shifting elections based on that data. While thats not good. Nobody wants that. We want a society based on trust and truth. That is so important, that is something that we need to be committed to. We have to focus on trust as our highest value. Maria you think these companies would police themselves and not gone to this. A year ago we were watching a murder on youtube, i mean there should be inhouse policing of some of these companies so that washington doesnt have to dig their hands. By that looks like thats where its going. I think theres bipartisan agreement that section 230 should be abolished. And that we need to move ahead by holding everybody accountable for whats on the internet. And its really about our kids. When these when they start going after children, there is no line that they wont cross. Its almost like google walking away from project maisie and working with china days and any particularly military there. Imagine if that happened during world war ii when our greatest Companies Said we dont want to work with you, u. S. Government, we want to get a foothold in imperial japan. Or even during the cold war against the soviet union. I think it is unprecedented in the last hundred years that a major u. S. Company refused to work with u. S. Military, and has worked with our geopolitical rivals. And this is not a liberal conservative thing, this is an absolutely unprecedented. The public should look and say china is purse surpassing the United States. Not really comment we have all the food and water and energy we need. Weve got the pacific in very Good Neighbors to canada and mexico. And they are Founding Fathers gave us the gift of freedom of speech, enterprise, religion, we end up of the most vibrant businesses in the world is ever seen. But thats universal on an innovation. Its not all going away. They dont have all of that. They are in a very tough part of the world. They dont have enough food and energy, people are in poverty and they are very smart. I dont want to disrespect them. They have a lot that gotta get through. And i think theyre knocking to do, things we want, theyre gonna do it for themselves. Maria you look at some of the evaluations of the private market. They are excessive. I dont know . Are they excessive . Edition say that. Of course not they are made up, they have no reality of the group of the people in the room that say oh, we raised money at 2 billion last month, so lets raise another hundred Million Dollars and call it 4 billion. Theyll say yes, and people buy into that basically because they think theres going to be around be on that and they will double it to 6 billion or 8 billion, its all down because it has no basis in actual math or in a sense of what are the earnings going to be. Its just, i think its just shooting stuff in the sky that will truly fall into the ground. Right now about 14 of the American People are functionally illiterate. 32million americans cannot read passed a fourth grade level. Cant read past fourth grade level. 1. 7million people drop out of high school every year, many of them are functionally illiterate paired two thirds of the people or juvenile delinquency system are functionally illiterate and about two thirds the people in our system prison system are functionally illiterate. You take away the money of the wealthiest people that socket is solved illiteracy problem. We have to deal with education, we have to deal with problem of the bottom and taking away money from the top isnt gonna take away those proms overnight. Maria youre so right and i think is a country, and the u. S. In education will be like h or 30th tuck, some crazy number, or timeout middle school in Grammar School not universities. Smack will the literacy is not in the top ten, we are not assigned literacies we should be able have a k to 12 system that is not working very well. Its not going to work better all the sudden if we take money leaving the top people in the forbes list or Something Like that. Maria this is what i wedding on the campaign trail i want to hear about education. Education is a thing that enabled me to it come from very modest circumstances. My parents did not graduate from high school and i wanted to graduate from high school, college, and grudges go. And that is a dream many people have is to do better than their parents. And parents now are worried that their children are not going to be able to do better than because many of the problems we have in our country. Maria so lets talk about sonnys proposals from the left. Medicare for all . Free education,. 20 Say Something at first for a minute. Bernie sanders agrees, admits he made a Million Dollars. Id love to know how much she specifically given to charity . Okay . Thats all. I know i am happy i would rather be with the wealth i have the knees nonsense list of who is rich, but what ive given away. Let these people come forward, there talk about the wonderful things theyre gonna do with our money, thats fine. What do you get to do with your money . Maria dont go anywhere more wall street right after this. 1 in 5 people you meet wear dentures. Yeah. That many but right now, is not the time to talk about it. So when youre ready, search my denture care. Poligrip and polident. Fixed. Fresh. And just between us. I need all the breaks, that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Thouwhich is Breast Cancer metastthat has spreadcer, to other parts of the body, are living in the moment and taking ibrance. Ibrance with an aromatase inhibitor is for postmenopausal women or for men with hr her2 metastatic Breast Cancer, as the first hormonal based therapy. Ibrance plus letrozole significantly delayed disease progression versus letrozole, and shrank tumors in over half of patients. Patients taking ibrance which may cause serious infections that can lead to death. Ibrance may cause severe inflammation of the lungs that can lead to death. Tell your doctor right away if you have new or worsening symptoms, including trouble breathing, shortness of breath, cough, or chest pain. Before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. Common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. Be in your moment. Ask your doctor about ibrance. Maria are right that is right for this week thank you so much for joining me and catch this Program Every friday night at 9 00 p. M. Eastern right foxbusiness bear dont forget to johnny and fox news every sunday, sunday morning futures on the fox news channels live at 10 00 a. M. Eastern this week and weve got a special exclusive interview with chuck grassley. The senators in her talk to us about the impeachment trial coming to the senate, as well as 2020. Charles grassley, my special guest. Plus tune in every workday right foxbusiness from 69 is during our mornings with maria start the business every weekday with us. Hope youll do that. And thatll be just friends now have a wonderful new year end think its much for joining us. From all of us here wishing you the best in 2020. Ill see you again next time. Hello and welcome to the wealthy journal large peers well we are in the final few days of 2019, and overall its been an eventful year in the business and financial worlds. Stocks of course has soared by double digit percentages with the Dow Jones Industrial average breaking both of the 27 and 28000 marks during the year. Setting where that it doesnt record high closes. Companies such as apple and disney led the way as they too made recordsetting look easy. Businesses hide to the breakneck pace, the Labor Department says about 2 million job
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