Transcripts For FBC Cavuto Coast To Coast 20240713

Already better than a dozen lives in syria, with fighting continuing on and on. The president trying to assure the folks the worst is over. Everyone adhering to the ceasefire he told the turks to adhere to. Blake burman in the middle of all of that. Hi, blake. Reporter a lot going on. That is what is going on in the cabinet room at the white house as the president is holding a Cabinet Meeting right now. You know how this works. Headlines starting to trickle out here. The white house going into this said part of the discussion would focus on the economy which the president said already it is doing fantastically well in his words. The white house said there would be a discussion on regulations and highlighting the role back of regulations leading up to this the white house sent out a note saying for everyone regulation had been a added eight 1 2 had been rolled back the we expect the president to touch on that shortly. These things take on a life of their own as they happen. Were starting to get headlines coming in. The president talking about the usmca at one point, saying of that, we need the usmca to be voted on. If it is voted on it will pass. This is something they can do very easily, speaking of nancy pelosi and house democrat. It has been interesting on the usmca, neil. The timeline appears to be shifting a bit as the white house had initially had an october, an october time frame when this could potentially taken up. Then last week white house officials were saying thanksgiving and wilbur ross with Maria Bartiromo brought up there are only 20 legislative days until christmas. The Cabinet Meeting will move on from questions from the press to the president. This will be the first time the president speaks before the cameras about his decision to host the g7 meetings at his own property in the miami area. Then his decision to reverse it and not host it at one of his own properties. Over the weekend, White House Acting chief of staff Mick Mulvaney raised eyebrows when he talked about the president s role. Listen here. At the end of the day he still considers himself to be in the Hospitality Business. He saw an opportunity to take the biggest leaders from the around the world put on absolute best show, the best visit that he could possibly could. I have to pick up, i consider himself in the month pallet business. He is president of the United States. That is his background. Reporter well see if questions are directed to the president in that area. President says the ceasefire is holding though a top leader for Kurdish Forces told our Jennifer Griffin over the weekend said that is not the case. Tanks out of Northern Syria being pelted with rocks and rotten tomatoes. 100 tankers were seen leaving that area going into western iraq. Neil, the president has said that u. S. Troops will be coming home, but the news over the weekend those troops instead will head to iraq. Well see what the president potentially has to say about that, neil . Neil thank you my friend very, very much. That Cabinet Meeting is going on. If you know the drill, the tape comes in, well monitor closely convey what the president is telling reporters, telling republicans in the same gathering. We have to fight the impeachment inquiry. Not all are subscribing. You have the global chaos developing, no matter what ails us here, by comparison were a heck of a lot better investment alternative and safer haven than for example, looking around what is happening in syria, what is happening in turkey. What is going on in some of these other countries, mexico lebanon, chile. Moodys manager compared to that were doing just fine. That is the notion, right . That is the notion, the u. S. Economy if you look at growth is doing fairly well compared to the rest of the advanced world. The u. S. Dollar remains currency of financial transaction or trade. The dollar remains strong. The u. S. Remain as safe haven. Neil there is a view we cant ignore what is going across the globe. More hot spots. Massive protests people coming out in the streets to express their views, peaceful though it has been in taken and and brexit, elsewhere, seeing it pop up against the established order. What do you make of what is going on . Two things. Had terms of consequences for the u. S. U. S. Economy is doing well, you know u. S. Corporations have business everywhere including hong kong, london and europe. That matters. 30 of the largest u. S. Companies, 30 comes abroad. That matters in terms of consequences. In terms of causes theyre slightly different in all the different hot spots. Neil right. In syria, classic geopolitical struggle mixed in with a civil war in syria. In hong kong tension between one country, two systems china is trying to navigate, that hong kong is rebelling against. Brexit is the classic trade union that didnt work for a section of the population, that voted to come out of it. It is really difficult to come out of something youve had going several decades. Neil i am glad you talked about the u. S. Exposure to the natural world. To a company, a lot were saying when it turns to guidance, even with this tentative phase one trade deal, whatever calling it with china. They still have lingering concerns what is next, hong kong protests you alluded to. Theyre hedging their bets. How does that play out for the investor . That is interesting. As an economist, when you think after trade dispute between the u. S. And china, it is easy to model the impact a tariff increase would have on particular products. What you cant model sim pack that the uncertainty weve uncertainty weve had now, sometimes two steps forward, sometimes two steps back that impact on sentiment, Consumer Sentiment or Business Sentiment. Even more importantly Investment Decisions have to be made but they cant be because of all the uncertainty. Neil this wasnt your bailiwick and youre in a different part of moodys, this moodys analytic survey that looked at three different scenarios, one on jobs, focus on the market and overall economy that favored donald trump being reelected again, if that model changes, do the Market Sentiment, does that change . You know, i mean Market Sentiment can change on a dime. Neil absolutely right. I love how you guys couch that. It could change. People, people, that is the problem. We dont know exactly what they will think and feel. They think and feel collectively from time to time. Currently if you look, even now looking at sentiment indicators, Business Sentiment moved down quite sometime. When business looks out into the world, it sees brexit, u. S. , china. Business sentiment held up because theyre seeing job growth. If job growth starts falling neil Consumer Sentiment is the lynchpin for better than 10year long expansion. Keep them happy, Holiday Plans happy, all is good, right . Jobs and wages. If businesses continue to hire, increase wages, Consumer Sentiment will stay strong. Neil it is all about the jobs. Good seeing you. Meantime look at corner of wall and broad. Fairly nonplussed environment. If you took boeing out of the picture, we would be up 100 point where we stand right now of the not exactly we have a guy who follows meticulously, our stocks editor, charlie brady. Boeing is a big reason why were tepid on response to all of this. That stock is down in excess of 20 from the second 737 max crash in ethiopia. That got an attention maybe with the model jet, the 737 max. That is why we used that as starting point for boeings troubles. Down today on indication maybe a lot of workers at the company were quite aware for problems with this jet going back years. That is one of the reasons why that stock is getting hammered all over again and a lot of other developments were following as well. I want to go to John Layfield on the boeing thing. How one stop can change the environment here because with the exception of boeing, john, to get back to what she was saying this world environment where you have a lot of problem spots but so far the United States not among them or at least by comparison not with them how does that play out . I think boeing is a separate issue as far as, it is issue with plane, issue how they responded. Look at the overall economy, youre right about the fact were the shining light in the world right now. Not to mention all the global chaos you pointed out in your opening monologue but also the slowing economies going on around the world. The imf said Global Growth is 3 this year, the lowest since 2009 when we had contraction in Global Growth. Youre seeing what is going on in europe. Seeing what is going on in china. Irrespective the trade wars and geopolitical events that could have systemic effect on global economy, economies are slowing around the globe. The United States by far to me at least is the best place to invest. Neil talking about china, you and i talked for years about the numbers they put out, reminded me of the old jon lovitz skit on saturday night live, that is the ticket, chinese acknowledging 6 growth in the latest quarter. Some say it will be lower than that, the imf next year. So the trend is down and the fear seems to be that the chinese, no matter what they throw at the economy they cant seem to turn it around. What do you make of that . Yes. I think that is correct. China now is becoming a more of a service and consumer economy from manufacturing economy. Those numbers, youre right, according to anecdotal evidence, sky track technology from satellites the Global Growth, china growth is 3 instead of 6 . Doesnt matter as far as slowing, contraction of the economy. Economy, easy to have a managed economy. China is a managed economy instead after free economy, when you have a manufacturing economy. Youre able to have low wages. Able to service the world. That manufacturing is now going to places like africa, in droves. And they succeeded in the fact that they got a lot of their workers into the middle class. Now you become a consumer economy. That is virtually im possible to monitor, model from top down. You look what happened in venezuela. Look what happened when private companies become nationalized with pemex in mexico. Government does not do a good job helping companies in the economy. Neil thrown everything but the kitchen sink into doing that. To almost demand companies lend, to sort of federally safeguard backup protections, the government had them if they want to invest. They dont want to invest. It is dimensions like you never saw in venezuela, where they ran out of their riches, went six feet under. Im not saying the same happens here to china. There is a limit to even the richest state . Absolutely. Government has a role in the economies. Has a role setting plate for a fair place everyone to be apart. Look what president grant did with the railroad. Look what fdr did with the farm to market road. Eisenhower with the interstate system, it opened up commerce but made a fair level Playing Field for everybody. Once you manage the economy beyond laying the groundwork for a fair economy it has never worked. What theyre doing in rwanda is completely different. China is helping invest in tech hub. It will be eight 8 growth to work there theyre allowing market to work there but not allowing it to work in china. It is not working for them. Neil John Layfield. Always great catching up with you. John in washington. Were following the brexit battle. In case you didnt hear after a rare saturday session, since Maggie Thatcher ran the country, Boris Johnson failed to get a vote on the separation from europe. He is not giving up. Maybe have better luck tomorrow or day after tomorrow. One way or the other europe will break away from the european union. That is proving a lot easier said than done. W to pay for lon. Brighthouse smartcare℠ is a hybrid Life Insurance and longterm care product. It protects your family while providing longterm care coverage, should you need it. So you can explore all the Amazing Things ahead. Talk to your advisor about brighthouse smartcare. Brighthouse financial. Build for whats ahead℠ now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Shipsticks. Com saves you 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. Neil it didnt happen today. They were hoping it would happen today. At least a vote would get started today. Boris johnson once again having to stand and wait and wait. Ashley webster waiting it all out in london where it stands to be a long week. They tried again. What is the latest . Ashley i guess so. So many false starts, neil. As we stand, Boris Johnson stands and we all wait to see what happens next. House Speaker John Bercow said you no, cant have a vote today. You introduced the same motion on saturday, nothing has changed. Take a listen. Todays circumstances are in substance the same as saturdays circumstances. My rule something therefore that the motion will not be debated today as it would be repetitive and disorderly to do so. Reporter well there has been some complaints from the conservatives that john bercow is too much after liberal, too much of a remainder and jenkin questioned his impartiality. Take a listen. I note the dilemmas you face mean that on occasion you will sometimes have to please some and not others but it is becoming rashable how often you please one lot and not the other one. Reporter you please one lot and not the other. The House Speaker by the way says he has ruled on the conservative side on many occasions. Neil, what were doing is waiting for the governments response. We believe they will present a Withdrawal Agreement bill. It is 100 pages long. You look under the hood. You see all the nuts and bolts. May start going down that road. If they get parliament agreement on issues, they may try another vote which be alluded tomorrow or wednesday. It is brexit so who knows. Neil just to understand. Boris johnson wants a clean break by october 31st. Doesnt want to push it back. The letter that compelled him to do so he didnt sign. He still wants it that way. The law states as it stands right now there would have to be a delay, right . Reporter well there would. There was a Scottish Court today that was given that exact question, what if owe will do if he ignores you . He would be in trouble. It will go to court, no doubt. The fact he didnt sign the official request for delay means absolutely nothing. Eu says we dont care whether you sign it or not. What is more interesting is the second letter, please ignore the first letter. That could get i am in trouble with the courts. He maintains he can get this done by halloween, the night of halloween, october 31st. I think becoming more and more unlikely neil, but well see. Neil did you say the scottish side . Reporter i did. No, no dont do the accent. Neil all right. Fine. Maybe when ashley goes well dot scottish. He has been back and forth, has a frequent flyer pass to london. Were waiting president s remarks on Cabinet Meeting. Talking about the turks, honoring the ceasefire agreement. Even though some generals disagree. Demanding loyalty coming from the impeachment kerfuffle from republicans even though he is not getting it from all of them. Well have more after this. Theres a power in listening; its what gives audible members an edge. It opens our minds, changes our perspective, connects us, and pushes us further. The most inspiring minds, the most compelling stories audible. I wanted more thats why ive got the power of 1 2 3 medicines with trelegy. The only fdaapproved 3in1 copd treatment. Trelegy. 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What esper is saying what senator graham said on the network concerning the phone call with President Trump that is the good thing. The president understands we need air power and other assets to scare those oil fields. We have to make sure they dont fall into the hands of the iran, or of others or of isis. So i, and i like what senator graham said too, the president is looking at a plan that would modernize those oil fields, actually maybe even privatize them and let kurds and others who have done so much in the fight against isis, let them run them. Let them make money off of them to help defray some of these costs. That is one of the good things i heard in the last 2448 hours. Neil what about before the last 2448 hours where republicans joined democrats in criticizing this provocation on the part of the turks they say the president started. How do you feel about that . I know syria is a quagmire. I warned about escalation of actives there for sometime. If youre going to withdraw droops there is right way to do it. You do it with proper planning. You work with our allies, people like the kurds, god bless them, been in the foxhole, taking the fight to isis. Im concerned about the French Special forces. Looks like theyre caught up in the buffer zone. Theyre asking for russians for help to get out of there the British Special forces were caught off guard. They had elements in syria. The brits were depending on us for transportation. So you got to consult with your allies and friends to do the right kind of withdrawal. Neil, i believe this is the most chaotic and foreign landscape weve seen in our lifetimes. Every decision we make has consequences. We have to think strategically. We have to think preemptively. Think outside of the box. Why for a long time ive called for removal of all of our Nuclear Weapons in turkey. U. S. Nuclear weapons off u. S. Soil should only be in countries strong, stable reliable allies. That is not the case with turkey right now. Neil it is fair to say the president didnt bounce this off a lot of military types, guys like you. He went with this via tweet. He argues this is well telegraphed desire eventually to pull out of the reason but that it was poorly communicated. Do you think the president should learn from this and maybe be more you know, in step with communicating with top commanders in the region . Maybe that is what is happening right now with regards to what senator graham has relayed concerning the conversation he has, he had with the president. The question is now, what do we do . I kind of come down where both senator graham comes down and general keane. He says okay. Were in the situation. Lets have a real ceasefire. Have a real dmz or buffer sown. I do like the idea of seizing oil fields and modernizing them and letting the kurds and others who helped in the fight against isis, let them run them. That to me seems like best we can do right now with the situation were in. Neil van hipp, thank you very much catching up with you. Thank you. Neil we have the Opioid Settlement in ohio. Only a couple of counties in ohio, but a lot of reading from this multimilliondollar settlement. It could set stage for multibilliondollar one across the country this involving every open i dont maker that is the hope at least, after this. Liberty mutual customizes your car insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Neil already. They say what happens in the Buckeye State can sort of be a preview of coming attractions for the rest of the nation. For two key counties in ohio a decision on a last minute Opioid Settlement could have national implications. We go to Grady Trimble right now in cleveland where all of this stands. Hey, grady. Reporter hey, neil. A trial was actually supposed to start in the courtroom behind me today but it ended up in a settlement at the very last minute, were told all parties involved talk until the Early Morning this morning. That is when they reached a deal. The parties involved are the three big pharmaceutical distributors in the United States as well as the drugmaker teva pharmaceuticals. The amount is for 260 million. Were told a large pores of that will be paid out almost immediately to two ohio counties using this money for treatment, getting people into programs and assisting firstresponders as they deal with this crisis. Again, summit counties, they are just typical examples of what these drugs have done throughout this country. Reporter a trial is not off the table. Walgreens was a fifth defendant in this case. They did not reach a settlement. They join a separate group of defendants, rite aid, cvs, walmart and target. What lawyers for plaintiffs are hoping, that trial and todays settlement will pave the way for other plaintiffs that could still go to trial. I think you will see the next trial move much, much quicker, the next one, much, much quicker. Everybody is continuing on two tracks. One track well have juries ready to answer questions that they need to. Well have another track to get the help in these communities they need all over the country. Reporter ideally lawyers for the plaintiffs would like to see a large settlement with the 2600 remaining cases as opposed to individual trials or individual settlements but so far, neil, those negotiations for a settlement have been unsuccessful. Neil indeed they have, grady. Thank you very much. Grady alluded to a wide settlement including 50 billion among the large opioid players. Easier said than done. There a couple of holdouts like Johnson Johnson dealing with a host of separate issues. Hoping to pony up that dough. What do you think . The three categories of cases, one only settled grady told us about, where plaintiffs are municipalities are county governments. The second category is state governments. The third category are human beings injured by addiction to these products. This is the settlement of one case in one category. This is a bellwether case. What is a bellwether . 2800 lawsuits filed in federal court. The chief justice gives all of them to one judge. The lawyers pick most typical case. Plan to try it ask jury questions, to use answers questions to settle the rest. Turns out it was not tried because it was settled. They will pick another case to try that one to get specific answers from the jury. Here is the walgreens defense, why they wouldnt settle. We answered, we responded to lawful prescriptions. We delivered lawful of amounts of medications pursuant to those lawful prescriptions to patients who their doctors were entitled to them. Were not the guarantor that the prescription is okay or that the patient will not misuse the drug. How can we possibly be liable . That is good question a jury will have to answer, unless walgreen wants to cough up type of dollars today. Neil opioid makers being targeted, 400,000 who lost their lives as a result of opioid abuse or whatever, or overdoses, what is their culpability . Well the, when the manufacturers pay some cash as they did today, they do so without finding liability. If jury ordered them to pay cash that would be a legal finding as a matter of law, they are liable. That could be used in another case against them. Which is why theyre reluctant to go before a jury. Is this case worth 260 million . Probably not. It is not worth that the billions the plaintiffs asked for. It is also a lot less than what a jury might have awarded. So its a typical settlement where no side is fully neil here at the tune of 60 million doesnt go to people injured. Neil that is my fear. It goes to the government. They can help programs to help people injured or pay overtime or build a public library. Theyre not obliged to spend particular way. Neil when they police the dispersement of funds, do they do that with the federal level and getting into tens of billions who polices where that money goes . Nobody polices it. Nobody polices it. As long as it is not used for a corrupt it can be used for any governmental purpose. One of the people grady ran in his report showed a count administrator what they plan to do with some of the money. They can take the rest of the money to pave highways if they want. Neil that is amazing. You made a lot of news the other day. Switches gears the president way it looked hosting g7 at upcoming resort. A lot of republicans told him it would be a good idea to scrap it. I think he did. What do you make of this . I think republicans were relieved. They felt his position had been indefensible. They put a political target on his back that he didnt need, particularly in the midst of the impeachment pursuit. I commend the president neil you said it would have violated emoluments clause. Explain that he would profit on something even though offering at cost . The emoluments clause prohibits him or something he controls receiving any money of any kind whatever. That is the phrase. Even at a loss. When Mick Mulvaney acting chief of staff said, well he will do, not going to make a profit on it. But that doesnt matter. The clause does not address profits. It addresses income. And neil by the way you would potentially benefit from sprucing up the facility many other benefits to him and to other shareholders in the corporation. What shocked me the most is what mulvaney said to our Chris Wallace yesterday, the president s in the hotel business. What . I thought he was president of the United States . Neil well, i know what he was trying to say, that he is not Hospitality Business he thinks like that. But obviously has got another job now. The good news, you addressed what could have been a real constitutional crisis. The bad news, theyre holding g7 event at your home. Dont give them directions. Neil [laughter]. The food will be terrific. Im telling you that. Judge, thank you very, very much. Were awaiting president s remarks on this. He is talking to reporters at this highpowered Cabinet Meeting ostensibly meant to show the progress the Administration Made wiping out a lot of regulations. They stepped into office saying they would, you know, get rid of two regulations for everyone on the books. They say that it is more like 10 to one, 11 to one on that. No way of proving that. The push they will be making. That was before we had the tax cuts go into effect. Talk to anyone on wall street, that was sort of the biggest event for for corporate america, getting that stuff under control before the tax cuts had a chance to goose that. After this. Neil that was scary. It could have been a whole lot worse. Recovery after dem Mission Crews take down two cranes at collapsed hard wok hotel site. Two workers were killed. Hard Rock International chairman jim allen joins us right now. How does it look right now, jim . Obviously our prayers are with the family. Certainly a major catastrophe. The surrounding businesses all that Economic Impact is something were trying to focus on. Obviously we moved forward. Neil so the plan to continue construction. Where does that go . We have to work with the city and obviously our developer there. It is important to move forward. We want to work through the process itself. Neil will it delay the facility . Significantly. Neil are you rethinking it at all . I dont think were rethinking it, but certainly the Structural Integrity of the building itself in question. If the building has to come down completely, that puts us back two years. Neil two years . Yeah. Neil but it didnt do any damage to the nearby french quarter. A lot of people were worried about that as well. Three deaths were concerns. You dont do the building per se, this is construction crew, what have you. Has it prompted you to change how you go about this in the future, who you check on . Who you contract to do the work, the . We certainly asked that question to ourselves internally. Did we do the proper due dill against. Right now we think we did. These things do happen. You never want to lose sight of the fact we have human loss. To us that is the most important thing were focused on. Neil years and years ago you worked for President Trump and of course he made some news by reversing himself on this g7, hosting it at the doral club. Then hard work came up as a possible alternative venue. Is that true . Well we have the worlds first guitar shaped hotel. 1. 5 billion expansion. We would be happy to host the g7. We think at that would be very exciting thing for our brand. Certainly we have the facilities to do so. Neil they havent even decided whether miami could be potential location right now. Are you interested in it . Have you put in any bids for it . We have not put in any bids. The Security Associated with that we would have to work through. Based on fact there are gaming in the institution, my guess they would not have a lot of interest but certainly love to have the conversation. Neil three of the countries have gaming. So it is possible. Let me ask you a little bit about the environment for hard work. Youre global. 80 some owed locations around the world. 252 in 75 countries. Neil wow. Countries. So youve heard about all the dustups going on across the globe in london with the protest movement on brexit. Weve seen it in spain and all these other concerns. Do you worry what is going on global in some of these other operations where youre in these hot spots . You know i think there are some areas that are hot spots. When we look at the hard rock brand, International Gateway city, barcelona, london, athens, these are areas were expecting. We believe those cities will be around forever. We have to be respectful to the culture and low cat political environment. Neil do people avoid those facilities when theyre in the middle of dust ups like this. Yes. 100 . We had terrorist attack in barcelona. We saw literally doubledigit declines in the cafe operations there. Neil are you associated with being a western kind of attraction so that you get undue attention being that . Well you know the hard rock brand is one of the most recognized brands in the world. We are truly a global brand. Anybody that studies us knows were based here in the United States. Were a brand of music. The Worlds Largest collection of music memorabilia. It is about the educational experience, obviously hotels, casinos, retail is part of the Entertainment Experience itself. Neil i had forgotten the first operation that had north American Indian tribe purchased it. That changed the landscape completely. For north American Indians and beyond. Neil sure. Where do you see this going next . The business has more than tripled since we purchased it in 2007, when we closed on the transaction. Frankly weve had our best year ever. Most importantly we have another 30 some hotel deals, another 11 casino deals actually happening, not potentially happening. So things are really good for the hard rock brand right now. Neil for hardline gaming popping up, in areas near where you are, how does that play out . A lot of people are in the business. Were in the hard wok in Atlantic City and other jurisdictions i think personally in the next 10 years that will have a dramatic change to the gaming industry in general, whether las vegas, maybe macao to a lesser extent. If we look at big markets for companies not focused on Online Gaming i think that could be a strategic error. Neil i should disclose our Parent Company is dabbling in this. We understand. Neil obviously a take on the economy. That is important for you. You look at the numbers. They still look good. Look at Consumer Sentiment numbers. They look good. Earnings right now look good. By and large theyre beating estimates theyre still early. How do you see things going . People look at Market Recovery and economic recovery thats a little long in the tooth, impressive, but we have a long economic cycle. How do you tell people hey, one of these days . First thing we focus on our ratings. We have Investment Grade ratings from fitch, moodys standard poors. Our Balance Sheet is strongest in the industry. Neil that is unprecedented hat trick level of support from all them. Never happened before in the gaming hospitality industry. Neil right. That is number one. We look at potential correction or recession that may occur. We know were not in a scenario we have to be worried about restructuring debt. Inevitably it will occur. Its a cycle in the economy. There has been a lot of positive things based upon the trump administrations changing of regulations, tax cuts, Corporate Tax cuts. They were very beneficial to us. But as you start lapping those numbers it becomes more difficult obviously to grow the business. Neil do you worry if he is not reelected, someone takes his place reverses all of that . I think moderation is a good thing. Going in one direction either side too far obviously creates, you know a little bit of a challenge. Neil sounds like a very nice way of hedging . It is difficult. Franklier were not just a u. S. Based company. So what happens with brexit really matters. What happens in barcelona or china, frankly in process in japan those things are very important. Neil if britain never wakes away from europe does that affect you. 1991 hard rock started. We opened a beautiful place in picadilly. Wee be there whatever occurs. Neil including some gains in the 2020 election he and i were chatting about involving a certain mayor of a certain city, all of sudden is now a prohibitive favorite, after this our 18yearold was in an accident. When i called usaa, it was that voice asking me, is your daughter ok . Thats where i felt relief. Were the rivera family and we plan to be with usaa for life. See how much you can save with usaa insurance. [phone ringing] see how much you can save how are we doing . Fabulous. I wonder how the firms doing without its fearless leader. You sure you want to leave that all behind . Yeah. Stay restless, with the icon that does the same. The new rx crafted by lexus. Lease the 2020 rx 350 all wheel drive for 439 month for 36 months. Experience amazing at your lexus dealer. 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 mexicos president is on the wires right now urging u. S. Lawmakers to move fast on this deal that the country has, we have with the mexicans and canadians. The trouble were a long way from that. The house ways and Means Committee member congressman jody Jodey Arrington joins us when a vote might happen. Congressman, mexicans are impatient, canadians are impatient, the president is impatient and nothing is happening. Where does that stand . The American People shouldnt be patient with all this president ial harrassment and impeachment secret inquisition instead of focusing on the peoples business. This is an opportunity to build on the tax cuts and jobs act. You talked earlier about unprecedented growth in the economy. We still have more people than we have jobs to fill. Now we have the opportunity to expand the job creation to the tune of 170,000 new jobs. That is, 70 billion plus in overall additional gdp this is good for manufacturers, especially auto industry. It is great for my farmers in west texas and ag producers around the country. The calculations unfortunately from miss pelosi is call. Do we give the president a win or not . I think majority of my colleagues, even democrat colleagues want to vote for this. They know it is good for our country and consumers and our economy. Neil one of the arguments you hear out of democrat, sir, it doesnt protect American Workers enough. Can you answer that one way or the other . You bet. Yeah, we drilled down on the ways an Means Committee in several hearings in fact, Union Representatives from the auto working, workers industrial to many others applauded lighthizer, the chief negotiator for trump, and the president for putting better standards for workers, worker rights, union organization, right to strike, worker conditions, safety, i mean we have twice as many labor provisions in this agreement than we had in nafta. And the labor provisions are in the corpus of the agreement. And nafta, they were in a sidecar deal. They were virtually unenforceable. We all want enforceability here. There, you know, whatever the deal we get, which in this case will be a great deal all the way around, we all want to see it in force. That is the big push from chairman neil and those who went to mexico recently. They got the assurance from the president of mexico that he is allin. He will spend the money, make the commitment to insure these labor provisions are in fact implemented. Neil congressman, thank you very much. Were monitoring the developments what the president will say. We know he is at the white house. He is having a cabinet level meeting. Talking about regulatory easing that helped propel this economic juggernaut we call the u. S. Economy. We are getting tape play back coming very soon from the white house. Suffice it to say the president isnt giving up the fight he says to keep this economic ball rolling with more regulatory relief. Promise of tasks cuts to come. Urging republicans when it comes to impeachment, please be with me. More 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. Neil all right. The president is meeting with his cabinet right now. You know, he had been talking to reporters and talking to cabinet members to say the economy is doing fantastically well, this as a lot of other countries are not doing fantastically well. We are seeing a lot of things going on from slowdowns to protests. We are an investment haven. The president has stuck to that and is not letting go of that. Lets get the read from mark hamrick, hitha herzog. You want to keep this going, you want to keep me going is the president s argument, right . The problem for investors is, although that statement may be true in a sense, the s p 500, the Largest Companies that are publicly traded get almost half their profits from outside the u. S. So investors need the rest of the world to do well in order to keep the momentum and earnings we have seen. Neil what do you think of that . Thats absolutely the case. We look at, for example, how growth is slowing in the United States. The new york fed right now puts the estimate for q4 growth 1. 1 . No doubt the slowdown around the world is having an impact, particularly on these International Corporations and we know Business Leaders are really having trouble seeing through the fog and what they can see doesnt necessarily give them a great deal of confidence. Neil to your point, they should talk to consumers who arent nearly as doom and gloom. Not only should he not i mean, he should speak to the consumer but he should talk to people in local markets. If you think about the United States economy, you have to look at how its performing state by state as well. Look at alaska. Vast natural resources, unemployment is at 6. 5 . This is from a study. When you look at california, on the other hand, which is the extreme, they have had some insane growth since 2017 so its really across the board. You have to look at that, too. Neil alaska is more like an oilrelated phenomenon, right . Alaska, well, yes, thats an oilrelated phenomenon for sure. But we are also looking neil california, they are just as high as a kite. California, we have to talk about the tax situation which is a different story. To your point, though, its really, we have to look at whats happening in the local economy. Neil one of the things the president has always argued and he brought it up again, that, you know, you could criticize a lot of whats going on but between the regulation cuts which you were early on to say that was the precursor of the tax cuts which benefited a lot of companies, the rap against that is its hard to make these year over year comparisons now because we are going back to a period where there was also in effect, so now its going to make tough comparisons. What do you think . Interesting. I actually think 2020 is going to be a better year than 2019. I really do. You start to look at some of the trends, there are green shoots out there. The manufacturing index, for example, seems to have bottomed about five months ago. The tenyear treasury yield has seen a slight uptick, a little more bullish, and i think the benefit of tax cuts, too often gets measured in the year or two after they are implemented. Tax cuts create more incentive which is the key to capitalism. Its a longterm phenomenon. I think im bullish on the economy and stocks longterm because i think the tax cuts are going to have a longterm impact. Thats absolutely a good point. Its a Ripple Effect. People dont understand this, to your point, takes a long time. When people talk about the changes in consumer spending, were not talking about month to month. We are talking about a year and a half to two years out. So i dont know if 2020 is necessarily going to be a good year for the president per se, given Everything Else thats happening, but in terms of the economy, i think it might there miebt a little more neil you mentioned the president. He did something he rarely does. He reversed himself on the whole g7 thing, holding it at his club next year. Thats unusual for him to respond to pressure. Also, to try to work more closely with those who think he overdid it with turkey and the syria troop withdrawal, either slowing it down or keeping the troops at least nearby in the neighborhood. That is unusual for donald trump. What do you make of that . Those are two things that are almost hard to put together. Unusual for donald trump. Unusual for the unusual. I dont necessarily mean to make that in the sense of a humorous statement. I mean, you know, think of the seriousness of the issues that were involved with that whole process, where essentially people were saying, you know, this checks off the violation of the emoluments clause box, right, and so while the president neil he argued it didnt. Of course he did. Yes. The other part of that is, you know, i think you want to choose your battles and if you want to hand an issue to your opponents or those who are pondering, lets say, in the senate with respect to undoubtedly going to get an impeachment issue to have to decide, that one was a little more clearcut than some of the others. Neil the republicans thought it was clearcut. They were the ones telling him hey, mr. President , this, we cant agree. That was really the whole g7 thing and the fact he was hearing it from more and more republicans, he couldnt hold them out, humiliate them online, there were too many. It looks like the Republican Party finally drew a line in the sand when it came to this emoluments clause here, and i think that when President Trump saw that, this was his i dont necessarily think the president sets a lot of boundaries when it comes to the Republican Party. I think this was one he had crossed and he realized wait a second, i need to somehow retract this a little bit more or fix the situation, because im definitely going to start losing some of my base constituents and support. Neil you know, his argument has always been to leapfrog and i think mark kind of touched on it, where this impeachment fight is going, its looking increasingly like they will hold a vote on impeachment in the house and its very likely the president will be impeached now. It may be all one party but where it goes in the senate, probably not far, but you never know. Handicap that out for us, what you see happening. I think its clear to most people, certainly those that voted for donald trump the first time that this has been from the getgo a bunch of nonsense. There was never any evidence of collusion with russia. People can read his phone conversations with leader of ukraine. This has all been a means to try to stop donald trump, right. Neil sometimes he keeps giving them ammunition, right . Sure. I think to your point about what was happening at the country club, look, it would have only been a violation had he made money from it. Im sure at some point, they would have dug and dug and dug and found some receipts somewhere, no matter how small, that went to the club that wasnt accounted for so visually, yeah, it was bad. But the one thing that bothered me the most actually which has nothing to do with impeachment was his decision on turkey and the kurds. I have never quite understood that. We had advisers there, the kurds have been so great for us, they have been battling next to us on and on for a long time. Neil he said theyre not that great, overrated militarily, they didnt help us. I thought that was a bad decision. I didnt agree with that at all. He was wrong. I dont know what was behind that. Neil but the fact hes reversed on a lot of this stuff tells me that he can dial it back. Sure. A lot of politicians have made bad political decisions globally that they have rebounded from. Neil yeah. Mark, when you step back and look at the markets and look at how we do by comparison, i know you cant ignore whats gone on in the rest of the world but these fortune 5ed h ee e500 comp 500 companies do a lot of business overbroad. When they are telegraphing concerns about the state of the world, concern about trade, im not saying they are all like christine lagarde, who will take over the European Central bank and the u. S. Is botching its role as global trade leader and global leader, period, but what do you make of that . In terms of our standing around the world, obviously i think this is a difficult time for u. S. Standing because the issue of turkey and isis is a great case in point where not only do u. S. Military personnel feel abandoned but im sure there are conversations with allies that are saying what the heck or worse, you know, what are you doing, what are the strategic objectives and why were you not more aggressive in your communication with us in terms of a strategy. Thats not insignificant when they think about levels of perceived uncertainty being relatively high now compared to other times in recent history. Neil it does seem noteworthy. You reminded me theres a disconnect sometimes we in the media obsess over, pundits and the rest, take nothing away from you fine people, but average people just look around and see the environment, see job security as a reason to go out and spend this holiday season. Estimates are pretty strong. You were reminding me the National Retail federation, 4 plus over the last year. So theyre not focused on this stuff. Is that a good way to be . The consumer isnt focused necessarily on the macro issues. What may end up happening, again, we are talking about the Ripple Effect and many quarters down the line, is that retailers are going to start responding to that. So in the immediate next six weeks as we lead up to black friday or i think we are actually closer now to black friday, yeah, youre right. The consumer said you know what, i feel great about my job as long as im not in alaska, i feel fine. I will go out and spend. But you know, they watch the news, im sure that they are a little bit concerned, but right now, we have had three, even longer, almost five years of growth and the consumer is feeling good. I think during the retail season, this isnt going to have a huge impact on them. Neil well see. A lot more coming up, including a shakeup within the democratic field, where joe biden is seeing a serious cash slowdown. Hes down to less than 9 million cash on hand. That may sound like a lot but some of his big rivals including mayor pete, double that. Cash on hand. After this. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. Virtualize their operations. woman and build ai customer experiences. We also keep them ready for the next big opportunity. Like 5g. Almost all the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. 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. We always like to follow the money, being a business network, we thought it would be a good idea and we have been following the money with a lot of candidates, how much theyre raising, how much enthusiasm theyre building. Hillary vaughn has been doing that and has some interesting findings for us. Hey, hillary. Reporter hey, neil. President ial candidate andrew yang is actually here in d. C. Talking up his plan for universal basic income, hoping that it catches on with the rest of the democratic field, but while some other Democratic Candidates are thinking about giving away money, they also are in a race to get money. Joe biden has taken back his place as the frontrunner in the real clear politics average of polls but hes falling short in fundraising, down to fourth place for Third Quarter fundraising totals. Biden only has 9 million cash on hand. Thats less than half of the other top tier candidates. Bernie sanders has over 33 million in the bank, Elizabeth Warren has over 25 million on hand. Biden sends a fundraising email out to supporters asking for them to quote, pick up the pace or else he says they will have to make some budget cuts. Today, Bernie Sanders is building off momentum from a big endorsement from congresswoman alexandria ocasiocortez. She made that endorsement official in a bernie is back rally in queens, new york over the weekend. The 25,000 people turned out to welcome sanders back to the campaign trail. Dueling progressive senator Elizabeth Warren is busy doing damage control after getting pummeled by biden and buttigieg at the debate last week for dodging questions about how she will pay for her medicare for all plan. So now her Campaign Says she will finally release details on how she will pay for it, something that Bernie Sanders has not been afraid to say from day one. He says taxes will go up for the middle class. Well see if warren will finally admit that she will do the same. Neil . Neil thank you, hillary, very, very much. Mayor pete is getting a lot of interest certainly in iowa, as we said here. A lot of people increasingly looking at him as a biden alternative here. Still very early, as my panel likes to remind me, but when you get indications folks like Mark Zuckerberg are quietly advising the campaign, then you have to say well, thats an interesting development. Lets go to mark and hitha. What do you make of all this, that right now following the money, which is a good proxy for where the momentum is, its mayor pete . That could change and often does. We have a long way to go. But what do you think . Thats the operative word. A long way to go. Its still 2019. We have almost a year until we are actually going to be voting. With that said, its really interesting, mayor pete doesnt like to be considered he doesnt like to be pigeonholed as he said in this npr interview he did a couple days ago. He likes to be considered a progressive. However, his stance is more moderate than anything. Hes really going up against Elizabeth Warren on this medicare for all neil if anyone can look moderate compared to her. That is true. Compare him to Bernie Sanders as well. They are on the extreme. Its interesting how they dont want to be seen as necessarily a democrat but its all about being a progressive democrat. Neil im wondering, too, the fact that more moderate elements in the party, mark, are taking on the progressive leaders tells you something that, you know, yeah, you fight for the nomination and then you run back to the middle of the democratic party, like the Republican Party ran back to the middle from the far right. I get that. But there does seem to be an early strategy here on the part of those, you know, to the point, the Bernie Elizabeth alternatives for more moderate course. What do you think . We are in the preseason of president ial politics right now. We will get to the regular season or championship tournament once we get the nominees. Neil we will have graphic packages along the way to do just that. Im sure they will be artfully done. I do think we do need to take in into consideration that a lot can change, so lets just assume for a moment that mayor pete comes in third in iowa. Does anybody remember who came in third in iowa in 2008 . John edwards. I think the more important question is, is there a change in trajectory. As frankly joe biden, is he on the verge of losing his status as frontrunner and those are questions that have yet to be answered. Neil thats a very good point about the alsorans. Jimmy carter, people forget, in iowa in 76 came in second to nobody, to undecided, so that was a big enough win because he had emerged higher than any of the established names to alter the course of history. I dont know what it would be but if you think joe biden and his people might have given up on iowa, given up on New Hampshire to focus and put all the money bets on south carolina, that could be a risky strategy. This tells me two things. Number one, i think joe biden came out far more bruised from this whole ukraine thing than President Trump did, and number two, tells me that he better come up with a much more bigger subsidy package for farmers. Neil ironically, the former Vice President i think theres a similarity to the Clinton Campaign here a little bit, because you asked the question what is the Biden Campaign about. The problem for the Clinton Campaign was ultimately, im not donald trump. This is really kind of the Campaign Biden seems to be running right now. I just have a sense in my gut that is not going to cut it. Hes running a campaign on nostalgia, to your point, and exactly that. I dont think that with newer voters, especially, the Younger Voters who really want to identify and align themselves with a more progressive stance, joe biden, nostalgia isnt working right now. It could change. Something drastically different could happen in the next couple months but right now its not resonating. Neil hes the least polarizing figure as a democrat. I think you need polarizing. Neil do you . Definitely. Look whats happening with our current president. We are entering a different stage of politics. Neil you dont think dull will win it . I staked a career on it. Maybe not with this election. Many people want a break, right . It was nodrama obama. That might work in bidens favor. I hang out with a bunch of 10yearolds. I dont think thats the case. I got to be in the loop of the consumer. We got to go where the cool kids are. Neil yeah. Im going to geritol conventions. Meantime, new speaker, new race record and new scrutiny going on for nike. That is a good or bad thing . After this. Driverless cars, or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Neil all right. I think this means bibi has gone byebye. We are getting indications israeli Prime Minister Benjamin Netanyahu giving up his attempt to form a new Coalition Government. It started to tick in the election a couple weeks ago and president rivlin had asked him, netanyahu, to work and try to find a Coalition Government to cobble something together. Apparently netanyahu could not. So rivlin has now gone to his opponent to form a government and give him about a week to do so, but by all indications here, Benjamin Netanyahu has failed to form a government and will be likely stepping down in the near future. We will keep you posted on that. All this occurring at the same time saudi arabias Investment Conference is kicking off in just over a week. Charlie gasparino has an indication of whos going to be there. I dont know, charlie, if this netanyahu news changes the dynamics. I dont think so. Because we are talking about money here and its all involving the massive saudi aramco ipo thats coming up. Heres what weve got right now. After last years boycott, the wall street alisters are returning to the saudi financial conference, the financial conference put on by mohammad bin salman, head of the royal family. Hes been doing it the last couple years. Last year it was boycotted by the alisters because that was during the time right after the murder of the journalist khashoggi which a lot of people pointed to the royal family or its surrogates as committing that murder. Now, a year later, a lot has changed including money. In a couple weeks, saudi aramco, the big oil company, stateowned oil Company Controlled by mbs, mbs will issue a massive ipo. Every major wall street firm will be partaking in that. For that reason, you see the wall streeters return. Now, we are not talking ceos. Jamie dimon of Jpmorgan Chase is not going. I hear David Solomon of Goldman Sachs is not going. But right under them, thats where they are sending their people. Last year, they sent just local representatives. This year Goldman Sachs will send dina powell, i dont know if you remember her, used to work in the trump administration, is now a partner in the Investment Banking business. She will represent Goldman Sachs. Jpmorgan will be sending its head of Investment Banking, the global head of Investment Banking, carlos hernandez. Other top wall street firms are sending similar Senior Executives to this conference. So a lot happened in the last year after the murder of the journalist khashoggi. We do know that theres money on the line here. Every major bank is going to make money on this ipo. They are still vying for a bigger share of it. Because of that, they are showing deference to the saudi royal family no matter how controversial that connection is. Back to you. Neil thank you, my friend, very, very much. We are finding a little more about this netanyahu decision to give up what had been a better than threeweek effort to negotiate another Government Coalition and couldnt do it. So this would be the first time in the better part of close to a decade that he is not going to be the key player in forming a Coalition Government. It falls to the man who ran essentially even with him, actually did a little better in elections three weeks ago. Hes been entrusted, benny gantz, to form a Coalition Government that will not involve netanyahu. If it comes to pass, Benjamin Netanyahus days as Prime Minister are numbered. He has failed to do something that he was a prohibitive favorite to do. More after this. An official message from medicare. Hey fred its medicare open enrollment. Time to compare plans. Were fine with what we have. Thats what the johnsons thought until they tried medicares new plan finder. The johnsons . We saved a lot on our prescription costs and got extra benefits. How bout it, fred. Plans change every year. Use the new plan finder at medicare. Gov. Comparing plans really pays. Look how much we can save. Neil all right. This china feud with the nba, back and forth, it keeps widening and keeps getting nastier. The china state media now saying commissioner adam silver lied about chinas demand to fire the Houston Rockets general manager over that tweet and sthaying th silver will face retribution. That sounds ominous. Im wondering where all of this is going. I think the nba brand which had been, you know, impermeable to any outside negativity, has been damaged by all this. Neil they are all over the map. Its like who are you for, right, are you for china, are you for the United States and thats sort of where it became sort of that kind of a question. Does it matter in the marketplace, i dont know, but from what i understand, the nba is saying it has suffered losses with respect to its relationship to china. So this once again is part of the unintended consequences of globalization, right. A lot of people dont necessarily know what theyre getting into longterm when entering into these substantial relationships abroad. I have a big number for you. Its 4 billion. Nba will not report out exactly how much money they are taking in from broadcasting games in china and all of the residuals they are making off of that. But through my research, this is the number i found so this is the type of money they could be missing out on. Neil why not call chinas bluff on it . I know 400 million or 500 million kids love basketball there so say the nba were to call their bluff, say were out of there, good luck with the european basketball league. Because the nba needs china as much as china needs the nba. Neil china knows that and always plays that card. But whats happening is the nba, i mean, they are in a precarious situation. They have to either they have to adhere to the rules of china and what china really wants them to do, or they start losing out on all that revenue. Neil but they dont change. They play tough with you and if you dont play along, they say goodbye to you. If you are running the nba, yes, thats probably what i would do but they are clearly not doing that. It raises the question what are the core values of the nba, right . Neil youre right. When you think about how Children Play basketball, children are the next consumers of basketball content, i think theres going to be a perception issue thats going to be real. Neil a lot of people, i will bounce this off of you, mike, see nike as the core of this, because nike is so influential in the nba and whathave you. They apparently have a shoe out, this thing is under a lot of scrutiny because i guess i could put these on and be an athlete but whats the deal . Whats the controversy . I think the question is, with that shoe, i dont know, is it safety, does it fit in with the rules. Neil does it give you an unfair advantage . Is that what theyre saying . Certainly it wouldnt give me an unfair advantage. I can tell you that. I just think nike is more at risk with terms of the nba. You could speak to this particular shoe. Nike has 67 of the nba shoe market. Neil someone was telling me on that, we will get to the sneaker in a minute, that nike is calling the shots on this whole nba thing. Absolutely. Neil back to the shoe, whats the deal . To your point, nikes stock has been up 30 in 2019. There is certainly demand for nike out there and globally, not only domestically. Heres the deal. Its one iteration of the shoe i run with, its great, this is not a commercial, i just have to say its great. The fly is a prototype of the shoe. It is not available to everyone at the moment. What these runners were doing we were using the prototype to run Long Distance races. Im forgetting his name, but he just ran the marathon in belgium no, vienna, europe, in under two hours. Wearing these shoes. Neil what do they do . He was wearing a prototype and thats against the rules. You have to wear a shoe thats available to everyone. Neil what i understand, that makes sense so but what is it the shoe does that others dont do . Its supposed to the way that it is constructed, it is supposed to, as you run, give you an increased boost of i guess physics wise, a boost where youre not i dont want to say energy because its not an energy drink, but somehow physically, you are able to elevate yourself a little more. Actually, makes you run a little bit faster. Would he and i be able to run marathons. Neil exactly. [ speaking simultaneously ] neil this will not work for you. Still on sports, i dont know if you have seen this here but the yankees are not going to be in the world series. Its been a tough weekend but mike, i was reading this, they spent over 2 billion on player salaries in like the past decade. They have won a lot of games but they havent won the big one in awhile. I always thought you and i were friends. They have won more games than any other team. No team has been in the playoffs more than the yankees. But as billy bean said in money ball unless you win the last game, it doesnt matter. Unfortunately, thats where they are. You know, its interesting, as a yankee fan, i dissected this a million ways, you can imagine. Both in 2017 when they lost to the astros in the championship series neil at least that went the full seven games. This year, they had a higher batting average than the astros, their pitchers had a lower earned run average than the astros. Everyone thought the astros had the big pitching advantage. Neil did they have the most expensive team in baseball, or did the red sox . The red sox did. Neil now in this one, the nationals, your turf, they have made were they an expensive team . I dont know exactly. I think they are in the higher tier. We wish they would have spent more on the bull pen which was highly suspect all season long. Neil apparently somethings working. They have i think the six starting pitchers for this world series are at historical margins in terms of success that hasnt been seen in decades. Look for a pitching battle coming up between the astros and nationals. Neil another reminder money doesnt buy you the whole thing. Its not the whole thing. You know, its a question of timing. He said i made the yankee hat more famous than yankee cam . Of the top five career earning players in Major League Baseball players, three were yankees. Arod was at the top. Neil any other way you can put the yankee thing in perspective, get him to calm down. You rooting for anyone in the world series now . The nationals, because they have never won it before. At least this incarnation of the nationals. I guess 80 years ago or something, they won it. Neil such a fair weather fan. Even after bryce harper left neil time to move on. I cant let go. Neil calm down. Calm down. A lot more coming up, including china and all of its problems. The irony might be lets say we score a trade deal with china. Ultimately they get it done but theyre not able to make good on it not because they are being [ inaudible ] but because their economy is tumbling. 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. 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. 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We would like to make a deal, but from our point of view, it has to be the right deal and it doesnt have to be in november. Its more critical that it be a proper deal than exactly when it occurs. So you wouldnt mind not doing the signing at apec, november 17th or 18th . The key thing is to get everything right that we do sign. Thats the important element. Thats what the president is wedded to. The president did agree to suspend the october 15th tariffs. I want to get my tariff dates right. But you know, i really like what theyre saying on the other side so my hunch is, this is up to the president , ultimately, if the talks go well on phase one, there is a chance we can get those december tariffs off. Neil all right. The chinese said you better do that, right, because those tariffs dont come off in december, we really dont have a phase one of a deal, let alone any type of a deal. Making money host Charles Payne on all that. What do you think of this back and forth . Charles its been fpar for the course but the tone, if you look at the tone now opposed to early in the year from both sides, a lot more accommodative, a lot more hopeful and they both have to do what they have to do for their own public and the public consumption of the u. S. And chinese audience, but you know, even over the weekend, to hear china talk about phase one being just about done, it feels like this is starting to move forward in a much more positive way. Neil how instrumental is it going to be for the president to lock this down before the election . Charles i think its going to be very instrumental. By the same token, though, its going to be a deal that i think he will have to be able to say hey, i won. To be quite honest with you, anything other than the status quo to me is winning. That being said, you know, the critics are going to take shots no matter what. If china were to give us militarized islands they made just a few years ago, they would call that a loss. But having said that, you know, to me, the biggest tell last week, and no one talked about it, the Philadelphia Manufacturing survey came out. You look at what manufacturers feel about the business now and what they feel about business six months from now, i say they are already building in a china trade deal being done by then. Neil this is philadelphia, charles. They have a statue of sylvester stallone, really . Thank you, my friend, very, very much. Hes coming up in 15 minutes. He knows of what he speaks. He looks city by city and all the manufacturing signs that are, you know, at least pointing to seeds of growth or a comeback. We have the dow up over 23 points. Take boeing out of it, we would be up almost 100 points. Boeing cant get out of its own way and now indications fears about the plane were out years ago, long before the two crashes that got everyones attention. Just since the ethiopian crash, the second crash that seemed to inarguably point to a problem with the 737 max, boeings stock has slid better than 20 . More after this. Imagine traveling hasslefree with your golf clubs. Now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Shipsticks. Com saves you time and money. Neil all right. If not for boeing, you would see a lot more buying or at least the numbers would be higher than they are right now. Taking it on the chin and all because history is coming back to haunt the company. Kristina partsinevelos has a lot more. Kristina the latest hitting the wire is the c. O. O. Wrote an internal email to employees saying that they are getting steady progress on returning the 737 maxes to service but keep in mind, this is very common vocabulary for the ceo. What is lined up on the docket, many Board Members as well as executives are in texas, they were there yesterday, meeting has extended to today. These are some potential topics they could be looking at. The fact that you have the leaked messages from the lead pilot last week and the fact that he raised some concerns about the Flight Control system two years before the crashes that took 346 lives. Then you have the talk about the future of dennis muilenburg, the ceo. He was stripped of his chairman title just last week. However, theres a lot of talk about whether they are actually take his ceo title because you have earnings on wednesday and then you also have the fact that muilenburg is expected to speak in front of congress at the end of the month. Hes going to be talking about the progress of these 737 max planes. Regarding the company, though, boeing released a statement just yesterday, on sunday, about those leaked messages from the lead pilot, the lead pilot raising concerns, and boeing said and i quote, it is unfortunate that this document which was provided early this year to government investigators could not be released in the manner that would have them allowed sorry, im not reading properly, have allowed for meaningful explanation. Boeing went on to say that really, the pilot was talking about the software and not the actual software itself thats going into the planes, it was more simulator. This is going back and forth. But you have wall street as a whole downgrading the company. Three major firms have downgraded the stock today. You have ubs, neutral price target. Going from 375 all the way down to 323. Credit suisse even saying they are not even going to support you putting this risk into your portfolio. We take a look at the stock, though, just intraday its down, at one point today down about 4 . Its coming a little bit off of that but not much. Still down almost 13. Year to date if we can take a look at that, the stock still in the positive. We are talking about for 2019 as a whole. Earnings, though, i would like to point out, are coming out on wednesday. What we are going to be looking for is whether those 737 max planes are set to be back in the air as of january, or february, because you have southwest weighing in saying not until february. Still lots of questions. Neil cant get out of their own way. Thank you very, very much. Very good reporting there. Mark, the question then becomes for boeing, youve got to get this plane back up there. All the airlines that have it are reluctant to put it up there so its a matter of who is going to be brave first. Im wondering if it ever comes to pass. I have been wondering that for a long time. How many Consumers Want to raise their hand and say i want to be on that plane on the first day it returns to flight. There are all kinds of potentially Public Relations things you can use, have the ceo fly on the plane. Make sure you have the line of succession taken care of there. When you hear of the lives that have been lost, in another setting, that would be murder. Neil you think about it, the sto fact of the matter is since this got the attention it did, the second plane crash, it made it undoubtable it was the 737 max in ethiopia, that stock has fallen north of 20 so im wondering how much more of this the company can take. Not much more. Once you implement the seeds of doubt into the consumer, theres not much more that you can do. Unless neil in other words, if they get leery, is this the 737 max, i dont want to fly exactly. The only way i could think a consumer would want to even fly on the new and improved max plane is if the price of the tickets were so inexpensive and for such a long time that they would, you know, they would take advantage of that. Even then, i dont think neil are you telling me if its a good enough deal . No, no, youre right. We are the kind of society that likes to consume and deals to be had. Maybe nike can make a sneaker on that one. Neil thats not a bad idea. Let me switch gears. You saw these four, you know, pharmaceutical companies that are now part of this agreement in ohio, the day of the trial, to settle for about 265 million. Some are looking on this Opioid Settlement as a precursor on a national level, with all the big guns kicking in what could be 50 billion or more as part of a global settlement. What do you think . Im not an attorney. I know that will shock you. But im very leery of this. I think the Drug Companies could face a far more severe hit. I would be very apprehensive about owning drug stocks. Its simply because to me, this seems much more closely aligned to what happened in the asbestos industry than say the tobacco industry. There seemed to be a lot more players in this, it seems much harder to get your hands around the liability, where with tobacco, you know, it was huge. It was like 265 billion but it was settled and it was going to be paid over 20 years. Tobacco neil this is 50 billion paid over, you know, ten years, i think was the figure i heard. That isnt the same. But i think its going to get could potentially get much, much, much bigger. I think it could follow what happened with asbestos which is still going on. Neil what do you guys think . I think thats right. You think about the number of lives that have been affected by this crisis which is still on full boil. I think we are still in the early stages of this. Neil are we making them the culprit here . The boogeymen . Im not excusing anybody but if they are following these others saying we just make the stuff, the doctors prescribe it, patients use it, some abuse it, but why are we the ones . Because they have huge Marketing Teams and they have the sales people going out there peddling the drugs to the doctors. I have two parents that are doctors, not that my parents one is an anesthesiologist so i know who goes to these doctors neil they lock these people under the opioid exactly. Not to say there arent opioids that really help manage pain and used properly, theyre great. But this is a crisis to your point that just keeps unfolding and gets bigger and bigger. Unfortunately, lives are getting lost and people are getting hurt. You have to think about jury trials. Neil you want to avoid that. I do think you are probably right about this, that 48 billion, 50 billion goes substantially higher before anything is settled. Guys, thank you all very, very much. More after this. The dow up all of 21 points. Interest rates are backing up a little bit here as well. We have some interesting developments there. More after this. The Doctors Office might mejust for a shot. O but why go back there when you can stay home with neulasta® onpro . Strong chemo can put you at risk of serious infection. In a key study. Neulasta® is for certain Cancer Patients receiving strong chemotherapy. Do not take neulasta® if youre allergic to it or Neupogen Filgrastim . An incomplete dose could increase infection risk. Ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. The most common side effect is bone and muscle ache. If youd rather be home ask your doctor about neulasta® onpro. Pay no more than 5 per dose with copay card. Strongve is one of a kind brilliant unbreakable Engagement Rings now 20 40 percent off shop unique bridal styles at zales, the Diamond Store neil all right. Leave you with the dow up about 23 1 2 points. Take boeing out of the picture. It will be a very different dow. Much stronger one. One stock can make a big difference. To Charles Payne. Hey, buddy. Charles biggest, most powerful stock in the dow. Well go over that. Eye of the tiger, cavuto. Well see you soon. Good afternoon, everyone, im Charles Payne this is making money. Were kicking off a huge week for earnings. Were talking amazon, microsoft, most notably even boeing. They will report what the numbers say about consumer strength in our economy, best names for you, the investor. Officials from other corporations may be getting ready for prison. I will go in depth into the dark side of capitalism. Its origins, how headlines could help radicals looking to remake the economy in 2020. Hillary, her