Transcripts For FBC Cavuto Coast To Coast 20240713

Blake burman at it white house with more on that. Reporter neil, there are details coming out of Northern Syria that the ceasefire is not holding up as you say. One Nongovernmental Organization telling fox earlier this morning that 30 people were injured by force house are backed by turkey. Just moments ago the president announced on twitter that he has spoken with the turkish president erdogan today. It was a lengthy three tweets. Let me tick through them, neil. The president just tweeted the following says he has spoken with erdogan. He told me, this is the readout from the president , quote, there was miner sniper and mortar fire quickly eliminated. Very much wants the ceasefire or pause to work. Likewise the kurds want it. The ultimate solution to happen. Next tweet the president goes on to say there is good ill with on both sides and a chance of success. Third fine tweet, president says i notified some european nations willing for the first time to take the isis fight thats came from their nations. This is good news but should have been done after we captured them anyways. Big progress being made. That from the commanderinchief moments ago. Neil, there is much criticism ahead of the president s direction as to how he has handled this situation in Northern Syria. Specifically removing the u. S. Troops from that area, which allowed many say, those turkish fighters to go in. The stance from the white house, turkish fighters were going in regardless. That the u. S. Troops were if harms way. Congressman dan crenshaw, a republican, former navy seal, veteran of iraq and afghanistan as well responded to the president s tweets this way. Listen. If we can get european allies to take isis fighters, great. That sounds wonderful. No criticism there. But you know, reality of strength of our hand has been diminished as soon as we pulled out and let other forces take on our bases, instead of doing it in a controlled, strategic manner. Reporter the strength of our hand has been diminished, from a republican in congress. There are questions whether or not neil, the turkish president erdogan got about everything he wanted. Aboard his plane earlier today, secretary of state mike pompeo who was involved with the negotiations gave an interview with politico. He said the leverage point was additional sanctions the u. S. Would be putting on turkey. He said that led to the ceasefire. Pompeo telling powe lit tow poet lit co, following, were still engaged with the sdf fighting isis in syria. Bottom line, Additional Fire in the area. The president says he has spoken with the turkish president about it. Neil. Neil blake burman, thank you my friend. Meanwhile retired Brigadier General anthony tata on turkey and testing president s patience. What do you make of whether turkey blinked or the president blinked, where are you on this . Neil, we really need a dispassionate analysis of the whole situation because emotions are running so high on both sides of the aisle on several different countries. The way i see it, not too dissimilar from the whole bosnia intervention, which had the dayton accords. I can remember being in bosnia, late 95, early 96. The accords were in place. Troops were in place. Troops were supposed to be breaking contact. There was fighting going on for months. So what i see is along this border, you will have pockets of fighting still happening. The kurds, the sdf, is a far more practiced and efficient combat organization, given the amount of combat they participated in, in the last several years. And their commandandcontrol is tighter. So they probably were able to put out the word and lock down their troops in a more fish enway than perhaps the turks who are not as efficient, not as practiced, not as good as the kurds. So i think that might be some of what is happening here. Miscommunication and then, you know, in the Bigger Picture, neil, we have to look at you know, i think it was mentioned right before i came on that, there is debate whether or not this was greenlighted or this was, getting troops out of harms way. U. S. Troops out of harms way. Because the turks were coming no matter what. And i sort of fall in the second camp there. That the president s First Priority is to make sure that american soldiers are safe and that we are accomplishing Strategic Interests at the same time. And, yeah the president almost, what, 10, 11 months ago, communicated he wanted to leave here. So i am sure that my friends in dod have been working on plans for complying with commanders intent, the president s intent to get out of syria. Neil they were surprised at general, you are closer that he did it so quigley. The evidence made it clear he want to pull out of the region entirely, but the timing was one that shook them . Yeah. So, neil, what i would say to that, last december, he said were leaving. So that gave dod leaders 10, 11 months to, you know, nine, 10, months to figure it out. Im sure a lot of work was going on there. And perhaps, perhaps the turkey move precip stated this, necessitated troops out of there. That is where i come down on this. So i think, that we all need to rise above the situation, kind of look at it from very objective standpoint. Were preserving american troops. We are complying with the president s commanders intent to get out of syria in a phased way. We still have troops in syria. Nobody is really talking about, we still have troops there. Neil moving a little further south i guess. General, all good points. I appreciate you taking the time. Have a good weekend. You too, neil. Neil another brexit deal could be breaking apart with unanimous european support in britain. It is another matter. The british Prime Minister, banking on some of his enemies helping his cause. Ashley webster in london. What does it look like . What could go wrong with that scenario, neil . Could Boris Johnson bring the brexit purgatory to an end. He says he can. He needs 320 votes in parliament tomorrow. Very unusual sitting of parliament on a saturday. Only fourth time that happen since the beginning of world war ii. It will be a real battle inside there. He was 287 conservatives who we assume will vote for him. He has to find 33 other votes. Deutsche bank says their prediction is 55 chance that it will fail. That is the bookies seen on this. They believe the plan tomorrow will fail. You never know with boris, if it fails he will have to ask for extensions. He could refuse to call for delay. That could end up in court. Or call for general election if the plan fails. Well have to wait and see. If it goes through by some miracle then the uk would be out of the eu on october 31st. Northern ireland stay in the uk Customs Union but Northern Ireland will remain in the eu single market. That could be a big stumbling block. Weve been here so many times before, but could boris work magic and get those 320 votes tomorrow. Well see. Dont count him out, neil. Neil his career proving naysayers wrong. Ashley, there is possibility vote doesnt go this way, they push this off, they delay it . Well, listen, by law that was passed by parliament he has to ask for a delay. Boris johnson somewhat strangely, either way were going to leave on october the 31st which is the very face of that law. What has he got up his sleeve . We dont know. Ultimately he may be forced to eat his words and ask for that extension. I got a feeling, neil, i dont know what it is, there is something, a little bit of drama left to come that could get the plan over the line. Maybe not. Well see. Neil youve been prescient before. Ashley webster in the middle of that. We figure he has a british accent. So we put him on the story. Stocks are absorbing all the body blows this week, calm fashion, it is really not that bad. Were still point 1 2 1 2 away from alltime highs, certainly on the s p 500 and the dow. Why is that . Why is the market sort of held up with all of these cross current . Barrons editoratlarge, barrons roundtable host jack otter. Jack, markets climb a wall of worry and we have thrown disproportionate halt of worries and they keep buying. Our friend tina. There is no alternative. Would you invest in Dynamic Growth of europe or japan . A lot of advisors i hear this phrase over and over again, the best house on the bad block. Neil you dont have to invest in any houses, put the money in mattress or buy treasury notes and bonds. But theyre to the doing that. If cash was attractive alternative, bonds were attractive alternative they might very well. Central banks around the world are lowering rates, to force us into riskier assets, improve wealth effect and improve growth. They may have inflated assets that would cause a problem analogous what we saw with houses, but right now it is pretty good. What i would warn people is that if you look back at the past 10 years, it is 15 annualized growth. That is how great, u. S. Stocks, not the rest of the world, u. S. Stocks. That is how incredible the market has been. That is simply not sustainable. Im not saying that is sustainable but you double your money every five years. That will not go on forever. Neil you could have the 10year period prior. You make the argument, average it all out. When you pick and choose dates. If you follow that cycle, the next 10 years will not look so great. Rob, is a smart guy, he looks in his crystal ball, he says 2. 6 a year on average for u. S. Large cap stocks. Neil when they do that, i have heard these kind of numbers before, jack, do they factor in reinvested dividend, all of that . Thats a good question, no. That is not a portfolio. That is what the index would return. So you would do better. Also you would do better in a balanced, welldiversified portfolio. The bad 10 years you talked about, if you had foreign stocks, bonds, gold, commodities you actually did a lot better than socalled neil depending on the time horizon, what youre willing to take. Stick with it. Leave the money in there, but be prepared for lower returns. Neil what do you have coming up on 10 00 your fine show. Two very different, youre neil. Nome is the ceo of waze which people may use to avoid cops on the highway. It does a lot more than that really interesting guy. A guy named bill nygren long time investor. His style is out of favor. His long term track record is favorable. He has some picks. Neil jack is the man. Economy is slowing. Why are we asking why that is a cause for celebrating . After this. I get it all the time. Have you lost weight . Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. To the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Call, click, or visit a store today. Neil Retail Stocks falling after Credit Suisse forecast weak sales this holiday season. Credit suisse stands out from other analysts and Investment Banks talking up, that it will be a very strong holiday season. That the National Retail federation sees sales anywhere from four to 5 plus over last year. Others have echoed that. Individual retailers like target annual mart looking for war to a strong shopping season this is a bit of anomaly. Nevertheless pouncing issues today with the dow down 150 points. China says lift the tariffs now or we have no deal but are they in a position to make demands especially coming off a quarter that was the slowest since 19992. To john treanor what he makes of that. Until those middecember tariffs are lifted. We cant sign on this. Along come as weak economic report like this. What do you think . Well to agree with your point, the chinese are actually in a very strong position. First of all we actually liked that slower gdp number this morning. The chinese are trying to, you know, work out some of the dislocations, the excess debt in their economy. So a slower china is actually better for the Global Economy right now. From a trade standpoint, we could get into a political conversation but i think President Trump might actually need that trade deal more than the chinese. So i think the chinese are in a very good negotiating position right now. We would love to see a trade deal done. Get that signed. That would take a lot of the negative pressure that is goes on in the market right now. Take a lot of that pressure off. So we would love to see that deal done. The chinese are in a good position. Neil just their whole demean nor through the talks i found interesting. A slowing china, we dont know the reliable numbers, they share them, when i tell people my weight, most people say, whatever you say, neil. I do wonder in their case, whether that could get us to say, lets make a deal fast . They have got to be in a strong position to make good on commitments to buy a lot more things from us. If things are slowing down that would be a worry . Youre correct. That 6 number is probably a little inflated. But theyre still growing. Neil right. Where we see the real damage in the slowing china, not so much the chinese economy, were actually underweight emerging markets because the chinese, if you go through the numbers that were reported this morning, theyre importing less. And they buy from a lot of emerging market countries. We underweighted emerging markets, because if the chinese get the sniffles emerging markets get pneumonia. We think bigger damage is in other countries, not necessarily the chinese right now. Neil so Going Forward here, china, do you think they will stick to that . They dont sign anything until the december tariffs are put aside . I think theyre going to play hard ball. I think theyre really going to play hard ball. Theyre taking a look at this, theyre saying, theyre looking at the Election Results or election poll numbers, i would think theyre going to play hard ball. There could be a compromise. Maybe we lower the december tariffs. But i think the chinese actually hold a stronger hand right now. Neil very interesting, john. John treanor, peoples united advisors cio. Well see what they do. They are sending pretty in your face signals back at us. Meanwhile the new jersey man who made history in a good way. Heading into retirement you want to follow your passions rather than worry about how to pay for longterm care. Brighthouse smartcare℠ is a hybrid Life Insurance and longterm care product. It protects your family while providing longterm care coverage, should you need it. 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I had a number of things i really wanted to get done before i departed and came back to texas. Working on lng products were bringing american gas into europe was a big, big part of that. Making sure we had the mous done. Neil rick perry saying there is nothing there there. No sinister intentions or plot line resigning as Energy Secretary of the United States. Revolving door around the white house continues that would make tough to find or the. We have yet to find replacements. Acting secretaries, acting representatives, Mick Mulvaney technically acting chief of staff. Independent womens foreign director of policy, hadley heath manning. Hadley, this isnt all together new in a white house maybe, the speed of departures, i see it in corporate america. But there are quickly replacements available. Here not so fast. What do you make of it. Certainly characteristic of this administration which always has been from the beginning billing itself as an administration led by an outsider. President trump is certainly not an establishment politician. Sometimes his policy direction is very specific. Might differ. Might differ on Party Line Republican or democrat sides. The pool might be rather small. He is looking for very specific type of person. In the case of rick perry, the secretary of energy job, here is one of the original cabinet members. In that position there hasnt been a lot of turnover. Neil he and ben carson at hud. They are some of the originals. It is tough. Pressure cooker to put it mildly to work with the president. The a Tension Convention and all the media scrutiny it seems to gather. Those who are interested in those jobs, is it, is it difficult to find them . How would you define whats going on . Well, i would say, you know in terms of the turnover, of course, use the term revolving door. That is a very negative picture. And turn over does bring with it neil just use the standard door that opens and closes a lot. I see what youre saying. Right. But my point is that there is an upside to turn over and that is sometimes it is a function of accountability. When people are in highprofile political appointee jobs, there is a lot of pressure on the jobs for good reason. Theyre supposed to serve the people of the United States, serve the press, at the pleasure of the u. S. President. If theyre not doing a job, some scandal a problem how theyre executing the president s agenda, he should have the ability to replace them. That is why we do see a lot of turnover in corporate america. Neil i hear you. Do you ever think there is something whether they want to be in that Pressure Cooker . That they see what happens when an official leaves the administration, whether john bolton or, jim mattis at defense and theyre ripped apart after the fact, so much so, that mattis responds last night, to joke back at the president and and sing for him for lag of military experience. They know that going in, why it may be difficult to find the right candidates to keep right candidates of these jobs. There is a problem in the administration, and Administrative State in particular, some bureaucrats are too difficult to fire. Theyre not exposed to the same level of public scrutiny. People who work in these departments led by different cabinet secretaries who are political appointees, people being in washington far too long. Even though high turnover can be a negative thing. It could also be the case people in government jobs who have a lot of power as bureaucrats actually dont have the same level of turnover and arent being replaced in order to, sort of execute the will of the president and execute a policy agenda that the people of United States need. Neil theyre the worker bees. They see the political types come and go. Theyre there forever. Wellput. Hadley, have a great weekend. Thank you. Neil corner of wall and broad. Were down not as much as we were. Boeing might be a culprit in all of this. Boeing report that a lot of workers in texas and elsewhere were very aware of the problems with the 737 max. That was not really quite shared with the faa or a host of others. Separately were seeing tech stocks under enormous pressure. Netflix getting sold today the bludgeoning that it avoided yesterday. Hitting a lot of tech stocks netflix down 6 . Fang stocks like facebook and alphabet and allison down anywhere from 1 1 2 to 3 . Meantime, facebook apology tour is on. Investors might be digging it but Elizabeth Warren says, well, mr. Zuckerberg himself is digging something even deeper. A hole for himself and his company and his future. Hi, my name is sam davis and im going to tell you about exciting plans available to anyone with medicare. Many plans provide broad coverage and still may save you money on monthly premiums and Prescription Drugs. 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She is very frustrated with your new policy not being willing to police truth in advertisements, political advertisements and basically asking how could facebook in good conscience take money for ads, allow them to be posted if they know the information that a politician is putting forward is false . Look i think in a democracy it is important for people to see for themselves what politicians are saying and, political speech is some of the most scrutinized speech that is out there so that is already happening and our position on this is not an outlier. Neil that looks to be a revealing interview. Mark zuckerberg defending facebooks political ad role as the feud between Elizabeth Warren intensifies. See that on dana perinos show on fox news. It is raising hackles in the Technology Community and beyond because he is in a battle with republicans and democrats. Tech analyst Shana Glenzer on that. What do you make of this . The key establishing a lot of pushback on both sides of the aisle for, for his comment. And what weve seen here is him doubling down obviously on the idea of free speech, saying thinks like, you dont want to live in a world where facebook gets to decide what is true. At the same time i think a lot of us we also dont want to live in a world where facebook is putting political ads in our face every day and every moment we log on. But that is the reality were living with. A lot of what he is saying feels removed from the reality that facebook itself has created within this political environment. Neil you know i look at the stocks here that are affected, particularly facebook, for all the harumping of political washington, republicans dont think he is fair and balanced democrats think he is too big for his britches, the stock is up 43 . Im thinking investors must not be thinking anything comes of this. If they are, that a breakup would actually be a profitable development. I dont know which it is. But it is untouched by this. I think that youve nailed that, with that commentary. Also look, facebook has instituted policies in the past to address misinformation. What, and so sometimes, what Mark Zuckerberg says in a, georgetown, you know, speech isnt what facebook ends up implementing from a policy perspective. We arent sure yet, he hinted new policies are coming, around political advertising. Theyre not here yet. Perhaps there is some optimism from you know, from shareholders or even stakeholders in the company, would be more nuanced approach that you land on, whether impassioned speech yesterday. Neil would it make a difference, whether donald trump is reelected or say Elizabeth Warren comes in for facebook, from zuckerberg himself . There was that recording that got leaked where he, you know, showed a little bit of concern about lawsuits or, what might be headed his way if warren was in the white house. I think that you know, were certainly a long way off to make any of those predictions. Neil yeah. There will be continued ongoing scrutiny and hearings and, appearances in washington by zuckerberg and executives at facebook. I dont think whoever is in the white house, that is not going to end. Neil Shana Glenzer, thank you very much. Before i get to my buddy charlie gasparino, the corner of wall and broad. Were down 190 points. Charlie brady covers wall street like the back of his hand, boeing and j j account for 2 3 of this selloff down about 190 points. The boeing revelation in a reuters report that workers there were essentially duping the faa on problems with the 737 max. This goes back years. Johnson johnson, might be continuation of the exposure to all the opioid settlements and how much it will cost j j. Those two together are accounting for the lions share of this selling. Another charlie as in gasparino on wework. What were looking there. A bailout and i will say this, this is a big story not just because its wework. If wework which is Office Leasing company, it is in every major city, all over new york, if they dont get a bailout, when i talk to real estate people, the prices of commercial real estate in cities, even tertiary cities, take out new york and los angeles, they will be hit if this thing goes under. There is a lot riding on the bailout. Here is what we know. Jpmorgan, big Investment Bank is leading a bank loan effort for a bailout for cash infusion up to 5 billion. What sources tell fox business network, as many as 100 potential investors are interested doing this. Neil in doing what. Putting money into a five billion dollar bank loan. They have got interest. Here is what we dont know. We dont know if that interest is a Firm Commitment. One problem with this. Shows how difficult, jpmorgan was supposed to announce this thing today. They are now giving us, theyre basically telling us it take another week. That means they still are trying to get interest in that bank loan to bail them out. We should point out bankers believe that wework can last through november on their current cash position. Meaning they dont go insolvent until the end of november. Neil they have got another month. Sounds crazy, but they have got some time. As we reported last night, softbank may put in a lot of money. Theyre already into it. They may do another 5 billion taking controlling interest. Wework does not want that. They would rather go with the bank loan, retain current management. Do the ipo after they restructure in about a year. That is where we are. The rubber is meeting the road here. Could be this weekend. Could be next week. Clearly, they have feelers out. People are interested in wework, to invest, particularly in lending money. But the fact they dont have Firm Commitment tells you something. Neil someone has to jump first, right . What happens if they dont get any of this . We will probably go out of business, okay . If softbank doesnt put money which they will probably is, guess what, softbank is into them for a lot. Like donald trump in 1990. They bailed him out. Neil when you owe a lot of money the banks own you. This is Wasser Arafat did this. Neil meets gq. Delicious. Meantime, not so fast. Gm settlement with the uaw. Last time we checked theyre still out there picketing. Grady trimble in the middle of it all in detroit. Grady. There is a deal. But workers are still on the picket line, because the Union Leaders across the country who gathered in detroit yesterday, they will keep them on the picket line until they have their voices heard. Until they vote on the tentative agreement. John is one of the people who will be voting on the agreement and you told me youre going to vote yes. Why is that . There is no concession give backs on the contract. Its a good contract. Were able to keep the health care, Affordable Health care where there was no large copays. We got a 3 and 4 raise over the four years. So yeah, everything is looking good. Reporter you like the contract. The uaw said it is a good deal. Gm wants it passed quickly. There are some workers, specifically those who live in towns or used to live in towns where plants are closing dont like it as much. What do you say to the people who might consider voting no on this which would keep the strike going even longer . I do feel for my Union Brothers and sisters in lordstown, in warren, baltimore. I hope gm keeps promise playing everybody. They will disrupt families. They have to move. I understand that i feel for them. Reporter all right. Well have to wait and see on the vote. Neil. Send it back to you. Earliest workers could get back to work is a week from tomorrow. Back to you. Neil grady, thank you very much. Take you to the white house. The president had a chance to talk to the two female astronauts who had joint spacewalk but he is taking questions from reporters. I heard schiff, no, no, we dont want to talk about that, we dont want to talk about that but he talked about it. That is one of the things. This is a terrible witchhunt. This is so bad for our country. I spoke to president erdogan with turkey. Were doing very, very well with turkey. There is a ceasefire or pause, whatever you want to call it. There was some sniper fire this morning. There was mortar fire this morning. That was eliminated quickly. And theyre back to the full pause. We have isis totally under guard. Turkey is also guarding separately. Theyre watching over everything. So you have the kurd who were dealing with and very happy about the way things are going, i must say. The kurds and you also have the turks watching secondarily, watching, who we have isis under control. We have taken control of oil in the middle east. The oil were talking about. The Oil Everybody was worried about. We have, u. S. Has control of that. And there are no shots being fired. And a lot of people are doing a lot of things. This deal should have been made 15 years ago. 10 years ago, over the last number of years under the obama administration. The real number is over a Million People were killed. We have lost no, not a drop of blood since weve started what i have started. And it was so far, it is working out. It is complicated region. Many, many people have gone down. I have to watch in great interest as i see people talking about what we should be doing. These are the same people that have been failing for the last 20 years. Didnt know what they were doing especially went in and did what they did they shouldnt have been there. Were doing a very, very significant amount of great work. Well see if it works. It is very fragile. It has been fragile for years. They have been fighting each other for centuries, literally for sendties they have been fighting each other. We injected ourselves in the middle of it. We wont go into whether or not that was good thing or a bad thing. You know how i feel about it but weve had tremendous success over the last couple days. A little bit unconventional. A little bit of hard love, i told you that. A little, was a lot, a lot of pain for a couple of days. Sometimes you have to go through some pain before you can get a good solution but the kurds are very happy about it. President erdogan and turkey is satisfied with it and we are, in a very strong position. We are also in a position where we could put tremendous powerful sanctions on turkey or whoever else we want to. Our country is a financially much stronger country than when i took it over. China would have been the strongest economy in the world, number one economy in the world. Right now china is way behind us. We picked up trillions of dollars in value and worth. They have lost trillions and trillions of dollars. Had the worst year they have had in 57 years. Were working with china very well. Weve done subject to getting it signed, i think it will get signed quite easily, hopefully by the summit in chile where president xi and i will be. A lot of good things are happening. Farmers are taken care of. Bankers and Financial Services are going to have access the likes of which they have never had to. The largest or second largest, depending on your definitions, about 1. 4 billion people, population, india or china, theyre pretty close. Weve done some great things. So we had, but i want to say, i want to thank the people of dallas, the people of for the wort, the people of texas, because yesterday because it was incredible. I want to thank Bernard Arnault one of the great businessman doing something that was a first. He built a incredible plant in our great state of texas and theyre going to make super luxury and super product. They have already started. Its opened. A big investment. Were very proud of it. That was done with me and with the election, with even prior to the election i see you have to open up a plan someplace in the United States. He said what do you think about texas . I said i love texas. That would be good. I said if you do it i will be there. So i fulfilled that commitment. But he opened up a beautiful plant. We think over a thousand people will soon be working there. Thank you all very much. Yesterday was a good day. We had a great talk with president erdogan and going very well. Thank you very much. [report earth shouting questions] neil just monitoring that. Want to correct something just to be very, very clear. The president says that turkey is in full paws honoring its commitment to sort of cool it in Northern Syria. Those are not the reports were hearing including a number who said the temporary halt is itself not a full halt. U. S. Officials have told monitor, that reports emerged of ground fire, artillery attacks against kurdish fighters that continue, civilians in a city where american and Turkish Forces quoting here, recently were having joint patrols. Also was quoted a former syrian backed Democratic Force official, turkish violation of the deals are rampant. That the kurdish dominated group agreed to abide by but the turks are not. This prompted hundreds to relocate and avoid the oncoming and still incoming fire. Well have more after this. Ive been plotting to destroy you. Sizing you up. Calculating your every move. You think this is love . This is a billion years of tiger dna just ready to pounce. And if you have the wrong Home Insurance coverage, you could be coughing up the cash for this. So get allstate and be better protected from mayhem, like meow. Michael already won 202,000 on plinko. You bid 27,200. Actual price is 29,446. Congratulations. [cheering] so he wins the showcase, the bonus prize, plus the 202,000 on plinko. Makes michael the biggest winner in price is right history. Neil that goes back more than 60 years. But new jersey guy did it. I love new jersey. The price is right made history. This guy did it. Almost 263,000 in cash and prizes. The show has never seen anything like it oranyone like him. Michael joins us right now. Congratulations. Thank you very much, neil. How are you today . Neil im fine. I didnt realize this was obviously recorded over a month ago . Yes. Neil so you had to keep it secret . We taped back on september 9th. It is hardest secret to keep it from a month, from friends, family. How was your trip . Did you get on the price is right. No, no. It is great. Sat in the audience. Great show. Cool to see taping. Very tough to give it a secret. Neil we should explain on this show, you just guaranteed to be in the audience. If you get there, sitting in audience. Choosing four people. You were the fourth. Completely random. You get there, you wait in some lines get into the show, it is actually completely random. Luckily the fourth person to come on down. Neil you had to give the price of a necklace right . Guess the price of a necklace. First two people bid really high. No way it is that high. Next guy bid 800. I should have went01. My brother would kick my but for not going 801. Bid 900. Im sure i got it. Got it correct. Neil come closest without going over . That is pretty much most of the game shows, getting close without going every. Neil you get to run up right . Yes i get to run up. Neil a lot of physical activity. Youre running around, getting excited. Meet drew carey who is an awesome guy. He is. Drew, love to have you at a red bulls game. Youre seattle guy. We play plinkco. Neil you hit the jackpot. The first chip,. Neil 200,000. It didnt register. I looked down, oh, my god i hit it. I threw my hands up, got really excited. Neil go book to your wife, she is one jumping up and down. Maybe you didnt win all the activity. I registered at first. My mine just being there, seeing taping was coolest thing. To get chosen was pure luck and amazing. She was in the audience. She went crazy. I dont think she realized what was going on until someone next to her, your husband won 200,000. Do you know what is going on right now . She said, oh, my god youre up there. It foes quickly. It is a blur. When youre done, atcha go, they go to commercial break, whatever, you know, you sit there, oh, my god. I just won 202,000. Neil no one knew. Correct. Neil you had operation silence. Coming home, not telling family, hey guys, what is for dinner. Neil now what is it like . They saw the show a month later. On that day, my wife and i took off from work. We had families over. Watched the sew with them. They went absolutely nuts. They were so excited and so surprised. Neil you have a little over 262,000. Uncle sam will take a big chunk of that. Taxes are due. Totally understand that. California, federal, all that kind of stuff. Neil what are you going to do with it . Most of it is invested. Put away for the future. Neil youre a young guy, 29 . 29. Start the next egg. Neil i have ties older than you. You always liked show. Used to watch it with your grandmother. All the time younger i watched with my grandmother. My brother and i watched home sick from school. Lets make a deal followed by the price is right. Neil is that right . Play along. To be on the show, to be there was a dream come true. Neil normally when people get lucky or do well, they play the lotto, play Something Else. Sign up for another game show, what about you . Really in the cards. I play the lottery if it gets big enough. Never win that. Been down to atlantic city. Never seem to win there. Neil but youre not quitting your job . Nothing like that. Nothing like that. Money for the future, putting it aside. Neil i dont want to put you on the spot what do you do for a living . I work in communications. Work in communications. Neil no one should know, everyone come up to, new best friend . No one has done that yet. Had a couple of Financial Advisors on linked in. Neil watch those guys. A for performance. Scott, who know what theyre doing. Thats good. Neil very, very happy for you. Michael. Appreciate it. Neil youre very physical, you can run, do all the things. I dont care how much i am winning here i am not running. Plinko was my cardio. Neil i love that. Michael, great story. You dont hear too many of them these days . More after this. Ats on your mi . We are edward jones, a 97yearold firm built for right now. With one Financial Advisor per office, were all about knowing whats important to you the one who matters. Edward jones. Its time for investing to feel individual. 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To earn j. D. Power chevdependability awards. Across cars. Trucks. And suvs. Four years in a row. Since more than 32,000 real people. Just like me. And me. And me. Took the survey that decided these awards. It was only right that you hear the good news from real people. Like us. Im daniel. Im casey. Im julio. Only chevy has earned j. D. Power dependability awards across cars, trucks and suvs. Four years in a row. 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. Neil all right. Weve had a pretty busy week for deal making. One is the syria ceasefire, whether certainly in the case of turkey, its committed to that. The president says they are. Weve got reports that say not quite, they are still doing a lot of things they are not supposed to be doing right now. Meanwhile, a brexit deal could be in doubt not because of anything the europeans are doing. Remember, they support it unanimously, but because of what Boris Johnsons own party is considering. He might not have the support he needs. Anything can happen in the next 24 hours. And the uaw and gm are still at loggerheads, still in the middle of that now 33day walkout. You wont believe what is stopping the deal from getting done. And china still warning, and all of this as we get reminders with each and every one of those that sometimes overtouted deals can, well, just stop cold and hard and fast. Thats is kind of what is sort of ruffling feathers on the corner of wall and broad. We have mike murphy with us, jeanne zaino and connell mcshane. Connell, every single one of these highly touted deals at least at this point are not done deals. I dont know if i go past 50 50 on three out of four. Maybe gm is on the road to getting a deal done. On the others, be careful betting one way or the other. Brexit, for example, i think maybe the betting markets have it Something Like 60 40 against. It could go either way on saturday. The reporting we get from syria the next few days will be really important because its tough to tell whats really happening there. Obviously, there was a ceasefire earlier in the day that wasnt holding but now you heard the president s comments saying maybe now we have things under control and obviously, china trade, you know, is what you describe it to be. I wouldnt go past 50 50 on three out of the four. Neil one thing they were really hoping for was the china thing. It looked like we were on our way there and china said if we dispense with the december 15th tariffs. Were not going to do that at this point. Im wondering if we were counting our proverbial chickens. I dont think so. I look at it differently. Syria doesnt have too much of an impact on the market. I dont think, brexit we have been talking about now for three years, i dont think that has too much impact on the market. China does have an impact. Neil we are doing live coverage, just so you know. No, i its important, as far as the market reacting to it. I think when the vote came, there was a big reaction to it. But right now, i think we have had it so long neil contrary to consensus it might not happen, what if it does . The 60 40 thing, i dont think it has much of an impact on the stock market. Its big news that needs to be covered but on the market moving, i dont think it has too much impact. China, i think we are still, we had a rally last week because it was early stage deal being done or partial deal being done. I think we still get that done. Neil you think the market is still assuming the december tariffs at least get delayed or dont get put in . I dont really think so. I think the market right now is focusing more on a deal getting done and how earnings are coming in for the quarter. Neil the fundamentals are pretty sound, you think about it. You had some earnings disappointments but of the lot weve had so far, 8 of 10 have beaten estimates. Now, they might be deliberately, you know, depressed estimates but they are beating them. What are you to make of that . Well, i think some of this talk about getting a deal done, any deal done, in any of these situations, and that is a good thing, is an overblown idea. Any deal on any of these things is not necessarily good cosmically or for the market. I think we have to be a little careful how we talk about this. Neil thats what i told connell. I want to go on record, brexit is very important. But i do think there is this sense that, and part of this i think is driven by the politics of this thing, that in all of these cases, just get something done and thats going to necessarily be a good idea. Thats not necessarily the case. You look at brexit, look at china, and syria, obviously, you talk about peoples lives on the line, but those final points that were talking about arent necessarily good for the market. That quite frankly is doing okay right now. Neil im looking at the overall environment, and we talk about investors and their mood and all that, and they are pretty upbeat, pretty upbeat plans despite what Credit Suisse, one of the few bears on the Holiday Shopping season, consumers are poised and ready to make it a very busy shopping season. I mean, most, not all, most of the macro signs we have had on the consumer side are still hanging in, to put it mildly, or better, so and the earnings in other sectors, we will talk about banks and whathave you, have been impressive, maybe more so than people thought coming in. So there are you can pick out five or six reasons to say this is a disaster and look at geopolitical reasons and all the rest but when we come back to fundamentals, we have had this conversation for months, the economy still looks pretty good. Does it mean it will look great six months or a year from now . But it still looks pretty good. People see that and adjust accordingly how they will spend and all the rest. Neil since this is your favorite issue, i want to pursue it. Boris johnson is very similar to what donald trump has been doing in the United States, working more with the Opposition Party, whereas donald trump goes after vulnerable democrats in districts he won. We are learning that Boris Johnson is going after labour party members, the Opposition Party, there, in districts, locales of where brexit won. Its an interesting strategy. It is, for sure. We know theyre friends so im sure its been discussed and hes seeing something that worked neil the president and Boris Johnson. President trump and Boris Johnson. So to take a page out of the president s book thats worked for him, i think thats smart. You wouldnt want to emulate a loser. You emulate someone whos winning. He needs 32 to come from labour or independent party to cross over and vote for him. You use tactics like that, hey, you better vote for this, your people are for it, you better be for it as well because he needs those votes. Thats why it will down to the wire. What a difference historically that youve got a Prime Minister of england who has to do, you know, what jimmy carter had to try to do, to bring the deal over from somewhere else and use your Opposition Party to try to push it through your own legislature. To me, it is a very bad sign for democracy as a whole that they cant rely on their own party members, and it shows really how dysfunctional these parties are. Neil it can also look bipartisan, right . You think what Ronald Reagan was able to do working with those southern democrats to get tax cuts through. Different times, different agenda, he probably would have had victory without them, but it did put a nice finish on it that i got 40, 50 of these guys to go along. It also suggests their party stands for very little. On big issues they dont agree. They dont have the numbers, right . Correct me if im wrong, he doesnt have strategically its the smart thing to do. Hes got to look for the opposition. Neil Boris Johnson. Boris johnson. In todays world, so many politicians have become social media celebrities, so they are not so much about party. They are more about me, me, me, whats going to advance my personal agenda. I think we are going to see more of that, not less. Neil on the boeing thing, one of the reasons why the dow started escalating, were these new reports reuters has that there were problems with the 737 max and workers are texting each other that potentially hoodwinked the faa. In other words, this on top of southwest saying they dont know when the 737 maxes will be back. American, i think united saying the same. This is an unending nightmare. Thats the point, i think. This is terrible and what happened was awful and everybody knew that. When things like this happen to big corporations, sometimes we assume that we know everything when the news story breaks and that they will make corrections and be back on track in x amount of weeks or months. But to your point, something new seems to come out every few weeks about this, or just when you think theyre back on track, theres another stumble and thats where its tough for anybody, but for an investor to look and say boy, if this happened this week, what do we not know that might come out next week. It goes on and on. Neil meanwhile, airbus keeps locking in more orders. Their rival. Its like a dripdrip of bad news they have to plug and they havent been able to do it. The impact on them is enormous at this point. Theyve got to plug this gap. Neil we will take a quick break here. I know everyone is focused on Mick Mulvaney and his memorable press conference yesterday and everyone pounced on what he had to say about ukraine. We are not. We focused on Something Else here and it concerns a certain golf club and resort that will host the next g7 meeting. The president essentially signed a contract with himself. Now, some people are saying theres nothing illegal about that, theres nothing unconstitutional about that, but there is the issue of appearances. Does this come back to haunt him when even the New York Post i think a fairly friendly paper to the president , says find another site. After this. Introducing even more value from fidelity. Fidelity now has zero commissions for online u. S. Equity trades and etfs. And fidelity also offers zero account fees for brokerage accounts, plus zero minimums to open an account. And only fidelity offers four zero Expense Ratio index funds directly to investors. With all of those zeros, there are zero reasons to invest anywhere else. Fidelity. So maybe ill win saved by zero for farmers here, this is our lifes work. But when a recall happens, perfectly good food goes to waste. Now, weve got away around that. Looks good. Were on target. Blockchain on the ibm cloud helps pinpoint a problem anywhere from farm to shelf. Its used by some of the biggest retailers everywhere. A nice wedge. So more food ends up on your table, is that daddys lettuce . Yeah. And less food goes to waste. It also has the highest growth in manufacturing jobs in the us. Its a competition for the talent. Employees need more than just a paycheck. You definitely want to take advantage of all the benefits you can get. 2 3 of employees said that the workplace is an important source for personal savings and protection solutions. The workplace should be a source of financial security. Keeping your people happy is what keeps your people. Thats Financial Wellness. Put your employees on a path to Financial Wellness with prudential. It became apparent at the end of that process that doral was by far and away, far and away the best physical facility for this meeting. In fact, i was talking to one of the advance teams when they came back and said what was it like. They said youre not going to believe this but its almost like they built this facility to host this type of event. Neil all right. So the venue for the next g7 meeting, remember they all take turns hosting it, will be, well, a trump resort in doral outside of miami. What can possibly go wrong with that . Now, we had judge Andrew Napolitano on telling me at the very least it raises serious constitutional issues. Take a look. What do you think . Well, its not my notion, its the constitutions notion. When the constitution does not address profits, it addresses any present, as in a gift, any emolument as in cash of any kind whatever. Im quoting the emoluments clause, from any king, prince or foreign state. He has bought himself an enormous headache with the choice of this. This is about as direct and profound a violation of the emoluments clause as one could create. Neil all right. Its created a firestorm here, even those who normally support the president , for example, one editorial in todays New York Post says move the summit, mr. President. Goes on to say even if the place is absolutely perfect, so good that it will have other World Leaders backing washingtons position on everything, it is still the president s resort. Going on to say trump is rightly proud of what he built in his earlier career but he has a new job now and a public trust, essentially going on to say it is not an obscure issue of emoluments, nor the folks who, as mulvaney put it, will never get over the fact this is a trump property. This is much more than that. What do you think . Well, i guess what i would say, i saw the judge on with you yesterday after mulvaneys briefing. If you are making this decision from a political point of view and you hold a live briefing at the white house and obviously there are other issues yesterday, but if you hold the live briefing at the white house for that express purpose to announce what they announced about doral, then on Live Television after the briefing, a former federal judge is quoting the constitution to argue that maybe this wasnt the best idea, then it probably wasnt the best idea. To your point about forget about the legalities for a moment. Thats someone elses expertise, the judges and others, but from political appearances point of view, given everything this white house and president is going through right now and all the accusations that are out there, you do logically have to ask yourself why. Neil its the timing of it. Again, im not a lawyer, either, jeanne, maybe you are, but one of the things that came up is how it looks. Those things matter, politics, the president obviously came the a conclusion its a great facility. Others say its been a moneylosing facility, profits are down about 65 , 70 last couple of years. Not unique in that industry to be very volatile. I get it. But even arguing its going to be done at cost, it raises concerns, the very same week you are pounding joe biden and his son and the relationship in another country at another time, it just doesnt look good. It does not look good. As judge napolitano mentioned, there are two potential constitutional violations there, the emoluments clause, also the fact that as president you can be paid but you can take nothing else from the federal government. This, a contract with himself, as you said, from the federal government, is potentially problematic. There is also the attack on hunter biden, of course, his son is running the organization that would benefit from this contract and theres the way this looks. It is mindnumbing to imagine how they came to this decision. I ask you, with any ceo that you know in the country, find a similar contract to this for their own business. It just makes almost no sense to me that they did this. And i think they are going to have to walk this back because hes opening himself up neil i dont know if they are going to walk it back. So the question is, you know, not for us to be on a high pores abo horse about it but the president is arguing we are handling all this at cost or the club is. But i do know the value of, you know, the host of a site, sea island, georgia, for president bush when he hosted around 2005, that really rose the stature of that whole complex in georgia. For sure. Neil its, you know, a museum now today. Then you see the clear reminders and flags of all these countries, so it has drawn traffic in for years since. Yes. I would think more went into this decision. I dont think this was just offthecuff its the best place, the only place, because the president knows hes getting secondguessed and shots fired at him for every decision he makes, right, wrong or indifferent. This would draw too much criticism. I think theres probably, im not sure what it is, but theres probably a Bigger Picture here. Whether he wants it there or whether he wants it to distract from whatever else is going on. Neil maybe it helps the facility. Could it be that crass . I think its more than that. What could it possibly be . Neil he surely wouldnt do something this risky because no one could possibly do something this risky. Well, thats the way i see it. Neil there we go. We name these summits after where theyre held sometimes. Neil absolutely. Sea island summit. Camp david summit. G7 will be renamed the trump summit. The doral. Deal at the doral. Neil its way too early. We dont know. But again, with so many on the right saying this, mr. President , was just wrong, will they dial it back or find another venue, maybe stuckeys on route 95, i dont know. Think about that. More after this. We trust usaa more than any other company out there. They give us excellent customer service, every time. Our 18 year old was in an accident. Usaa took care of her car rental, and getting her car towed. All i had to take care of was making sure that my daughter was ok. If i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. Were the gomez family. Were the rivera family. Were the kirby family, and we are usaa members for life. Get your Auto Insurance quote today. 2,000 fence posts. 900 acres. 48 bales. All before lunch, which we caught last saturday. We earn our scars. We wear our work ethic. We work until the works done. And when it is, a few hours of shuteye to rest up for tomorrow, the day well finally get something done. but when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Gerri im gerri willis from the floor of the new york stock exchange. The dow down 165 points, not as bad as it was, down 206 points, but down even so, led by boeing and Johnson Johnson. Boeing down nearly 4 , this after instant messages between two pilots from 2016 being made public that suggested that employees misled the faa about key Safety Systems on the 737 max jet. One of those pilots, iming that the system was running rampant in the sim, meaning simulator. He said i basically lied to regulators unknowingly. This having an effect on the stock. Its down dramatically here today. Faa has passed this information on to congress and really giving boeing a hard time publicly. Lets talk about jnj briefly. They say their investigation into asbestos contamination of its talc could take up to 30 days or more, this after months of denying its products contain carcinogens. Its the first time Johnson Johnson ever pulled baby powder from the market. Some saying they are proceeding from an abundance of caution, but lots of concerns today about this recall of this baby powder after the fda discovered asbestos. Back to you. Neil that company cant get out of its own way. Thank you, gerri. Settlement talks are kicking up a lot of steam right now. Deirdre bolton has the companies and the numbers. Deirdre so numerous drug company ceos and distributor ceos have been summoned to appear before this u. S. Federal judge on monday. The company obviously would like to settle ahead of the trial and the focus is going to be for this particular trial on the Distribution Companies versus the manufacturers. So the manufacturers as we have all covered, are accused of playing an outsized role in the opioid crisis, deceptively marketing the products in ways that downplayed their risks, but the distributors are not immune. Take a look. You have mckesson, cardinal health, amerisourcebergen, and Teva Pharmaceuticals based in israel. All the rest are american. Jnj is actually the only one that is not going to be a defendant if this trial does go ahead. In other words, if a settlement isnt reached, jnj, the only nondefendant for mondays trial. Sources are saying these companies would pay a collective 50 billion to settle claims. That would resolve about 2600 lawsuits brought on by states and localities. One breakdown or at least part of it that we saw, doesnt add up to 50 billion but here are some of the numbers. 18 billion over 18 years from three companies, jnj would pay 4 billion. Teva offering to give away medication that it values at 15 billion and theres extra value teva is saying because they would also provide distribution services. U. S. Centers for Disease Control and prevention reporting that opioids were responsible for roughly 400,000 Overdose Deaths in the u. S. From 1999 to 2017, so there are a lot of people, including the judge, by the way, who seems to want to make these companies do something useful with their money. Back to you. Neil deirdre, thank you very, very much. We have a lot more coming up including new reports on boeing. This coming from bloomberg, that a pilot there expressed worries about the 737 max safety faras back as 2016. A lot of these came to light in 2017, full light and full publicity and full bore controversy in 2018. This marries with a reuters report that evidenced texts of workers at boeing essentially sharing information to hoodwink the faa. When we get more on that, we will pass that along. In the meantime, alexandria ocasiocortez is backing Bernie Sanders. Bernie sanders, not Elizabeth Warren. Shes not alone. The venue where she chose to do this, that will surprise you. After this. Oh, wow. You two are going to have such a great trip. Thanks to you, we will. This is why voya helps reach todays goals. All while helping you to and through retirement. Can you help with these . Were more of the plan, invest and protect kind of help. Voya. Helping you to and through retirement. Aalexa its a masterstroke of sorrow by olivia watson. Heartache, brutality and redemption. The mist crept into the pivot hole beside her. Youre late. David what did you think of the book . Its a. Masterstroke of. Heartache. Brutality. And redemption. You didnt read it, did you . I didnt. But i will. The lexus nx, modern utility for modern obstacles. Lease the 2020 nx 300 for 349 month for 36 months. Experience amazing at your lexus dealer. The far left is not impressed with Elizabeth Warren. We have learned that congresswoman alexandria ocasiocortez is set to endorse none other than Bernie Sanders for president at a rally tomorrow. Others are following suit on that far left but not Elizabeth Warren. What do you make of it . I dont know. My initial impression would be that that would be a positive for warren in a general election, in that, you know, shes not going to have any trouble if shes running against donald trump hypothetically, getting those voters to vote for her. Theyre with her anyway. But having people who identify as socialists or democratic socialists being in her camp at that point wouldnt necessarily help her. So you know, then it just becomes a question of if it affects the primary process which im not sure about. Longterm its probably not a negative for warren. Neil thats where the passion of the party is, isnt it . That is where the real votegetting is. Its really funny to see that bernie is still getting because aoc has become a big name in the party. To have her behind him i think after his heart attack, im a little surprised by it, with Elizabeth Warrens momentum, but i dont know. The whole socialist thing is tough for me. Neil then its a grade of how far left you are. They both believe in taxing the wealthy, as far as they can possibly go. Maybe Elizabeth Warren is the only one who wants to get rid of billionaires but save that, theyre not all that different, are they . Theyre not all that different but i agree with you, i think this works to Elizabeth Warrens favor, because this is going to allow her, if she chooses, if she gets this far, to pivot in the general election. We also had Bernie Sanders out there in an interview the other day saying im a socialist, shes a capitalist. As much as people neil thats right. The worst thing, youre a capitalist. She herself described herself as a capitalist. When you look up her plan, the plan to break up the big Tech Companies, it does sort of try to move in that direction. So i think shes setting herself up or they are helping her set up to pivot a bit. But i have to say i find it amazing to me that you have alexandria ocasiocortez potentially two other members of the squad, these young women democrats, who are going to endorse an older white gentleman in Bernie Sanders as opposed to this woman who could potentially be the first female president if she gets that far. Neil apparently that was what really hurt her, the capitalist comment. What she was saying in that, we didnt give the rest of it, was that when its working. I like capitalism when its working. Its not working now. I think mike put it the right way. Its hard to get your arms or get your head around the thought process there. But again, i just think once you get to that general election, by the way, its a long pivot, long way back to the center for someone like Elizabeth Warren. Neil and Bernie Sanders. He wouldnt even try, right . Hes fine where he is. Theres no pivoting for Bernie Sanders. Hes been what hes been for a hundred years and hes not changing that. I dont think its literally a hundred. You get the idea. [ inaudible ]. Neil that would be pretty extreme, wouldnt it . Its pretty extreme already. Neil joe biden watching this carefully and not from the position of strength he had a little more than a few weeks ago. When it comes to new money coming in, hes falling further and further behind. That is the mothers milk of politics. If he is not getting as much of that milk, should he worry about that . What do you think . I think he should. I think we saw in the debate all the fire was focused on Elizabeth Warren because her own challengers realize that she is the one who is moving in the right direction. They know, right . You look at iowa, look at new hampshire, he is either plateaued or on the way down. I think the money is all a big indication. Big money donors do not feel confident that he has what it takes to move this forward. Looking at that debate, i have to agree with them. I thought he, you know, i tagged him as the loser of that debate, not that he did anything horribly wrong but that he sort of faded away. I had a friend text me in the middle and say is joe biden still there. You know, it was all mayor pete, all Elizabeth Warren, amy klobuchar, even andrew yang got the better of him. So i do think this is neil whats kind of interesting, we talk about money raised but what makes Elizabeth Warren so intriguing is, she raises it in small sums. She has this record haul coming not from the big pacs or the big wall street banks or the big, you know, Silicon Valley types, but in small denominations again and again and again. Yes. I think her message resonates, her message being destroy big tech, destroy big banks, destroy big pharma, pretty much destroy whatever gets in her way, so i think there are certain people out there that have a strong disdain for President Trump and they see her message as kind of after she destroys everyone else, she can destroy President Trump as well. I dont think it will i hope it doesnt work too well in a general election if she gets that far, because it is a little bit scary to just break everything up. The one thing i saw today which was interesting, i agree with whats been said and theres a lot of reasons to think joe biden may be in trouble or fading and financial problems are one of them, and give credit, the note came out that said the timing of the impeachment inquiry might have an impact on the democratic primary process because you will see a number of senators running for office theoretically and maybe drag them off the trail at a time when they dont want to come off the trail, and that might be, this is all hypothetical, we dont know how exactly it will play out, but say in january if thats when the democrats move forward, now your senator warren or senator sanders, senator klobuchar, senator booker, coming off the trail to participate in that neil if it comes to the trial part. Yeah. Does that give a boost to joe biden or mayor pete or somebody else. That was kind of an interesting thing to look out for. Neil i did not know that. Yeah. Would make sense. If it passed the house, later to the senate for a trial, oh, my goodness. All right. We are down 186 points. Facebook, as you probably heard, under fire. The stock, though, not so much. In fact, that split is what amazes a lot of people. We had a chance to sit down from a billionaire who is trying to protect himself from fire from the right and left. After this. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. 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Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. My belief is that in a democracy, i dont think that we want private companies censoring politicians in the news. I generally believe that as a principle, people should decide what is credible and what they want to believe and who they want to vote for, and i dont think that that should be something that we want Tech Companies or any kind of other company doing. Neil all right. Mark zuckerberg doesnt talk to many folks in the media but sitting down with dana perino. You can catch that in the next hour on fox news. Split screen it during my friends show and danas show. See how i handled that, Charles Payne . Im glad you did that. Neil because you can beat me up. What he was saying was kind of interesting here. If you think about it, republicans and democrats seem to be, you know, wanting to go after this guy. Where is it all going . Well, you know, this is a company just like a whole lot of his brethren in Silicon Valley, they seem to have insatiable appetites to go after every aspect of our lives, then start to predict our lives and after that, maybe to start to manipulate our lives, to make us want things that we dont even know we want before we want them. Their whole goal has been to accumulate data, then use that data to influence america. Its starting to come back to haunt these guys, so listen, hes saying i dont want any parts of this because i dont want any parts of being considered any sort of responsibility in this area, and i certainly dont want to be regulated to have responsibility in this area. Neil i want to bring the panel in. One thing thats kind of interesting, this idea that for all the incoming fire facebook is getting, the stock is up north of 43 this year. The stock has reacted very well but i think its interesting to hear him speak to dana about not wanting to be part of censoring anyone. Meanwhile, within his own organization, if you remember, when people came out in support of the Supreme Court justice kavanaugh, they had to apologize internally for doing that. So i think whats going on at facebook, the stock has held up but i dont think that lasts long. We no longer have a position, we sold the position, and the reason for it is although its a Great Company that can make a lot of money, i think theres too much internally thats going on that is now getting looked at from both sides and a lot of different governmental groups are looking eigat it. I think theres going to be a breakup in facebook at sam point. Neil maybe thats factored into the stock. What do you think . Down 6 in the last three months. Having said that, amazon is down 10 in the last three months. Netflix is down 12 in the last three months. Its one of the better performing of the socalled fang stocks. I dont know. Im not sure if they will get broken up. I just think governments around the world see them mostly as a source of revenue and im not sure, you still have to deal with the ability of them to influence people, if its two separate companies or one separate company, i think that this is just going to have to be part of doing business. They will have to continue to pay fines and they are going to continue to have to face criticism. Its a tough one because listen, he admitted the company is based in Silicon Valley and that well over 90 of their donations go to democratic and progressive causes and thats really, you know, sort of one of the big areas that at least conservatives have a problem with, that they will never really truly be unbiased. So on the breakup question, i think i will actually start asking more guests this question. Jack otter was on yesterday and we had a very brief comment about it but its got me thinking about what you said. He said hes been speaking to a lot of people who invest in the Technology World who go against the conventional wisdom that if these companies are breaking up, end up being broken up, its necessarily bad for the stocks. Hes spoken to a number of investors who are getting into some of the big techs with the idea if they are broken up, theres some value in the smaller pieces. The parts. Neil you owned at t stock in materi the early 80s or facebook is just a piggybank. I think it is a piggybank. I dont know if its just me but i think at some point, Mark Zuckerberg becomes detrimental to facebook. He has become the public face that is getting hit, rightly or wrongly, on all sides. At some point, they may have to move him beyond facebook, get him doing some philanthropic work and put a new face there. No pun intended. Are you on facebook . Neil no. People are leaving facebook. Neil my kids tell me its not good. I hear the social media thing is huge. Charles, i cant wait until the next hour. In the meantime, one of charless best friends, alec baldwin, making news that even has, well, i think charles clapping. I know joe piscopo is. After this. Everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. You can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. All with millions of secure wifi hotspots and the best lte everywhere else. Its a different kind of Wireless Network, designed to save you money. Switch and save up to 400 a year on your wireless bill. Plus, get 250 back when you buy an eligible phone. Thats simple. Easy. Awesome. Call, click, or visit a store today. Neil all right. Say it aint so, joe. Alec baldwin calling the outrage over College Admissions scandal demonization of wealth. The former saturday night live cast member, joe piscopo here. Hes talking about all these stars who are facing prison time, of course, now in prison for 11 days or so, but that to me, this doesnt work, this kind of reaction. No, theres so much to worry about. I think hes right, so much to worry about. They are going after this person for just trying to get their kids in school, you know. I told you before, the colleges would pay my parents not for me to apply. I was so bad. I was such a bad student. Neil youre not in that club that says they are getting off easy . You know, really . In some strange really weird way, to be that really committed as a parent to say yeah, ill do whatever it tashkes, we do the news every day, theres so many bad things. Maybe im wrong. Neil he is saying something, i dont think anyone involved in the College Cases should go to prison. My heart goes out to felicity, talking about felicity huffman, their family, better way to do these things. I tend to agree completely with all that. I dont know why people are so upset. Neil but it does, this is very different, i grant you, target the rich, go after, you know, pampered and feel they cant do anything wrong crowd, and some people in this populist age welcome it. Thats probably why they went after her. They thought they were just all hollywood and felt entitled. But neil this is a chance for you to get this off your chest. Did you do anything for your kids . Would i . No, i did not. Know what i try to do . I go hey, college is so expensive now. Oh, my god. So i go you need a benefit or anything . How about that sinatra show, we might be able to do . Neil we can do that. So you know, but i always try to do it but no, theres so much to worry about, man. You know, with the school stuff, but would i do anything for my kids . I spoil them. I do. I really do. You would, too. You would do the same thing. Neil it depends. I have seen your kids. Theyre wonderful kids. Let me ask you about this, switching gears. You were at this big dinner last night at the white house. The president held for the president of italy. Wednesday night. Yes. Neil they had a little bit of a tense exchanges earlier in the day at their press announcement where the president was criticizing nato as being cheap, contributing to nato, the president of italy comes back and says well, actually, we have been a big contributor to nato, later criticizes the president for this whole turkey mess. How was it last night . Spectacular. Wednesday night was spectacular. As Italian Americans, we never get the respect thats due. We never stick together. This is the year, we are so excited, we kept the statue, Columbus Circle here in new york, number one. Number two neil under guard. They did that. Want to keep it under guard. Im telling you, we never stick together, neil. We stuck together. Mother cabrini, my buddy Chazz Palmintieri said they locked the door in albany, now you cant leave. Neil there, they were talking about who do you celebrate in new york. She got the most votes. The mayor said no. Guys went nuts. Neil no, no, no. But i have to tell you, down there in washington, on wednesday, everybody was there and it was great to see the president neil who is everybody . Everybody from the Italian American community. It was so funny, they had antonin scalias wife was there, all these politicians and they appreciated, as i did, the president would stick up for Italian Americans. It was great. Im telling you. Neil sticking up because its columbus day. Neil oh, oh, oh. They said, you know, listen, adam schiff is there neil here we go. My adam schiff impression, oh, god. Neil you really are an idiot. Im telling you, i had to do it. The fact of the matter is he says we believe in columbus day, it will always be columbus day for us and we appreciated that. Neil what are they doing, celebrating both, Indigenous People day because it was so horrible . Indigenous people have a day, november 9th. Neil dont take anything away from chris. Who else was at the white house shindig . Mario andretti, all the Italian American folks in office. I didnt even know. Steve scalise was there. Which was great. It was wonderful going around. But the fact that the governor wasnt there. He wasnt there. But everybody from within, ta i the communities, he did a great speech and president mattarella seemed to get along great. I wanted to get up there. Then he comes up, this is what i like about President Trump, if i can. He does his whole thing, it goes on, everybody applauds, its great, Italian American celebration, and he says thanks for being so great, he leaves, then people go mr. President , can you sign this, they start calling him. He turns around, he comes back and he signs. Im thinking the guys got to be, he looked great, he didnt even look tired. Neil thats right. This was the same day that boom so hes as close as you are to me. Neil shes Italian American. Thank you. Neil did he invite her back . She was not there. Neil she was not there . She was not there. I could have gone, this is me, i wanted to go mr. President , joe piscopo, thank you, i was there. I never do that. Chickened out completely. Neil he knows who you are. You run into that a lot . This is a pretty type a crowd. No, no. Me . Im a utility guy. They dont care. You kidding me . Neil so everyone there would be Italian American. Everybody there was Italian American. You wanted to get up there, because the president said would you say something. I said yes, lot of problems overseas, you just sent two italian guys from jersey in a buick, it will all be over. Neil you are foisting an image. Best behavior, it was great. I have to tell you, im always so transparent with you and i love you, man, it was great to see the italians finally get together this year through the columbia pus sfoundation citize parade. Neil we didnt give this guy a state dinner, though. When was the last time i was down there . Neil berlusconi, they had a dinner for him back in the bush administration. Italians get pushed aside. Since Ronald Reagan. It was Ronald Reagan. Thats the last time i got invited. Neil you were there so the party could start. I was there, Woodrow Wilson invited some people down. But it was monumental and neil well deserved. Good for you. We never concentrate on the positives. Its always negative. Its like about the school thing. Neil we are better than that. I could see within the white house, everybody was so pumped up. The bandleader for the United States marine corps, the bandleader guy, he goes joe piscopo, im a big fan. I go you want to do fly me to the moon with the marine band . Look at this. This is great. Neil well deserved. On behalf of all of us who have struggled, every walk of life. Neil there it is. More after this. My insurance rates are probably gonna double. But dad, youve got allstate. With accident forgiveness they guarantee your rates wont go up just because of an accident. Smart kid. Indeed. Are you in good hands . 2,000 fence posts. 900 acres. 48 bales. All before lunch, which we caught last saturday. We earn our scars. We wear our work ethic. We work until the works done. And when it is, a few hours of shuteye to rest up for tomorrow,. Its been reported that theres a cyberattack on business every 39 seconds. Ouch. I dont even want to think about it. Comcast business has a solution. We go beyond fast with a cloudbased Security System that automatically updates, so you always have the latest protection. Phishing. Malware. Risky sites. It can help block all of that. Its one less thing for us to worry about. Comcast business securityedge automatically protects all the devices on your network. Call 18005016000 today. And i recently had hi, ia heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose aspirin. No more than 100 milligrams as it affects how well brilinta works. Brilinta helps keep platelets from sticking together and forming a clot. In a clinical study, brilinta worked better than plavix. Brilinta reduced the chance of having another heart attack. Or dying from one. Dont stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. Brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. Dont take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. Slow heart rhythm has been reported. Tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. If you recently had a heart attack, ask your doctor if brilinta is right for you. My heart is worth brilinta. If you cant afford your medication, astrazeneca may be able to help. Will that cause the United States to go into recession . Probably the no. That 70 almost let never let us down when they have money to spend. Global slowdown. Just not on the way down. It may slow down and level off. Neil all right. Jamie dimon, at the event going on in washington, picking the brains of some of the financial mightiest. We have not out loud slowdowns or outlawed slowdowns or recession. He doesnt see it happening anytime soon. This is something Charles Payne will talk about. Well go to him in a few seconds. Leave the dow down 150 points. To your point the Economic Cycle still stands. For right now it doesnt seem to be anything these guys are saying right now to disrupt it. Charles absolutely right. The longest expansion in history. So everyone is guessing when it will come to an end. Thank you very much, neil. Great seeing you. Neil you got it, buddy. Charles great seeing you as well. Im Charles Payne. This is making money. The market under pressure from variety of things. Weakness from tech. Disappointing comments from federal officials. Another ugly twist in the boeing 737 saga. Meanwhile a nailbiter. As a new brexit deal heads to a vote tomorrow, less than two weeks before the deadline. Well go live to london. Chinas weakest gdp print in 30 years make as trade deal more likely. Im seeing signs it happens less than six