Transcripts For FBC Cavuto Coast To Coast 20240713

Russian and Turkish Forces are. Were just trying to ascertain where the president got the thousands of lives that have been saved on the kurds side. At this point, i am not questioning him, we have not found evidence or anyone to corroborate that. When we do, we pass that along. We want to make sure everything on the up and up and information youre hear something accurate. Separately we want to get to the Mark Zuckerberg testimony on capitol hill. This is about the libra currency at the outset or his hiring practice, whether he got too big for his britches and whether he alienated republicans and democrats and in the future his company is broken up. The stock bouncing up because they think he has done a pretty good job thus far. Hillary vaughn with the latest from washington. Hey, hillary. Reporter ohiohi, neil. Mark zuckerberg making the case or assuring lawmakers he will not move forward with libra whether he gets moving forward with regulators. He was asked what specific regulators was he referring to . A lot of them would need to sign off on cryptocurrency and Global Payments going through. Not all of them. A lot of lawmakers are saying regulators dont have policies on the books anticipated to anticipate this Payment System rolled out globally. Zuckerberg believes stable partners like visa, mastercard and paypal ditched libra because of increased scrutiny and because its a risky business. Chairwoman Maxine Waters kicked off the hearing reading off a laundry list of problems facebook faced everything from russian meddling in 2016 and data privacy. She said these reasons make the case why they should be concerned that facebook wants to get in the Digital Currency world, potentially coming out with a currency that could rival the u. S. Dollar. Do you fact check on any ads at all . Yes. Describe what you fact check on. Well, chairwoman, actually, thank you for the opportunity to clarify. Facebook itself actually does not fact check. What we do is, we have feedback that people in our community dont want to see viral hoaxes or, or kind of let me be clear, you do no factchecking on any ads, is that correct . Chairwoman, what we do is we work with a set of independent Fact Checkers somebody fact checks on ads . You contract with someone to do that, is that right . I, chairwoman, yes. Reporter faced a lot of questions about, of course a lot of topics other than libra. Zuckerberg made the case that the reason why he is passionate about developing this currency because he wants to provide an option for the 14 Million People here in the u. S. That do not have a bank account and also around the world, also an option to get into the banking sys but several lawmakers on republican and democrat were not, kind of trying to call his bluff, saying if he really is concerned about people that are unbanked, there are a lot of other ways that he can prove that. Zuckerberg admitted him sitting here in front of the committee, he is probably not the best spokesperson for this. One lawmaker says he is hearing from the richest man in america why he wants to use poor people to make money. I believe this is something that needs to get built i get that im not the ideal messenger for this right now. We faced a lot of issues over the past few years. Im sure there are a lot of people wish it were anyone but facebook helping to propose this. Reporter neil, zuckerberg still facing questions from several lawmakers on the committee today. Well continue to provide you updates. Neil . Neil thank you very, very much on all of that. Zuckerberg by the way is the third richest american. He is not the richest american. We should point out here, this hearing taken a little break now. He will return. He comported himself pretty well but the gist of the hearing before the House Financial Services committee was this libra Digital Currency that had wide backing from two dozen players. Since that time, maybe because of controversies surrounding zuckerberg and facebook, visa, paypal said sayonara to this. There is question whether the Company Working with consortium could pull this off. What would make it different from bitcoin or rivals, it would have backing or at least something, backing it up. The assets in a basket of goods that include various currencies and commodities would make it less of a volatile swing and a bet for financial players. But the jury is still out as they say. Right now, given his growing unpopularity with both sides on capitol hill, we got to break you up. Dont think about trying to go into digital currencies. Is this time or moment to see it happen . Growing doubts about that. Sun microsystems cofounder scott mcnealy. Not easy for tech guys, you have been in the hot seat, to come off well with politicians that will second guess them at every step. How do you think he is done handling press hostile questions from both sides . Im glad im not a ceo in this day and age. It is pretty interesting. Theyre going after him for everything but you know, i think the big issue here is, the government has a huge policy tool. At least with respect to libra. It is called quantitative easing. And they dont want to lose that. They want to be able to tax tear citizenry by just printing money and devaluing the currency without having to go through congress, without having to go through elections, all the rest of it. There are some very, very good reasons not to have anonymous, independent, currency because of criminals using to hide, launder, all the rest of it but there is also a huge, when zuckerberg said im going to get every agency to approve it, that just means innovation is not going to happen. Well not move forward on this thing and theyre not going to allow their ability this, quantitative easing, printing money and deficit spending is how politicians stay in power and how Big Government becomes even bigger government as they redistribute from those who have assets or who have earned a salary to buy votes and to stay in power. I think that is what, that is the big undercurrent war that is going on that i saw not being addressed in that, in the testifying that i did see. I saw the first 45 minutes of it. Neil you know, within that first 45 minutes you probably heard zuckerberg talking about the fact this would be backed by bank deposits, variety of other things, basket of goods, to make it less volatile than other estimates, but youre quite right. When you have folks like the Federal Reserve, treasury department, secretary of state, president raising their eyebrows at possibility of an alternative to the u. S. Dollar, you could begin to see why even one of the worlds richest men is going to face an onslaught. That is exactly what he is facing . Unfortunately we have a Banking System that has banks that are too big to fail. If theyre too big to fail, break them up, that is the whole concept behind our ant tiff antitrust rules. A whole bunch of regulations put big banks in play because you cant start a little bank because you cant deal with all the regulations. Saw that with sox 404. All the rest of it. It basically eliminated a whole bunch of companies to go public to raise cash they need. All the regulations are putting Bigger Companies, the more regulated the environment, the Bigger Companies get and less choice, the less innovation and more corruption you get. Im just sort of nervous about what i saw on tv. Neil just wondering what are your final thoughts on zuckerberg saying, you know, im probably not the best messenger but this message for rival, sort of currency, cryptocurrency, rival is probably not the right word is bad timing because of the guy who is leading the charge. Well he had a lot of issues around privacy but i always, i dont think facebook should be broken up. I dont think they have done anything wrong. He didnt shoot secretariat because they won the triple crown. You dont hurt shareholders of secretariat because the horse was fast. He has done a good job of winning out there in the marketplace. There are privacy issues but you know what . If the product is free, youre not the customer. You are the product. And nobody is paying for facebook. I think the people that do have a beef about breaking up facebook might be corporations who do digital advertising. Google and facebook, last time i looked had 75 of the digitalizing marketplace. There are other places to advertise. Im not sure, im not for breaking up facebook. The Biggest Issue that is also unspoken hornets nest that he stirred up is the political bias that has been very clearly outlined with james okeefe and the veritas project and other instances. Now he has half of the political world upset and the other half thinking theyre messing with me too. Getting the whole political discourse off of the social media and in the dotcom and dotgov world would be a huge opportunity. You and i discussed in the past about creating a digital, americas town hall that is dotorg, that is nonprofit, that is independent, openly and transparently run we move all of the legal residents and voters in the United States on a digital town hall where they, that whole conversation can be free and open and clear and we dont have these algorithms that are hidden. We dont have shadow banning. We dont have all the other stuff happening that would take a lot of pressure off facebook if they would help establish that political discourse off of twitter and facebook and instagram, all these other forprofit organizations. I think facebook should be allowed to shadow ban somebody or run an gore gore algorithm well them like they want. Peel can choose to be there or not to be there. But we need a town hall where peoples voices are heard. Neil thank you very much, scott mcnealy. Policing Virus Companies what they put on their site or politicians is in eye of beholder. Democrats criticizing fates book factchecking adds republicans on their sight or President Trump but didnt say for the other side. Whatever is good for your side is good, but for the other side is not this currency, Mark Zuckerberg collected very powerful friends to advance something for the future, benefit upwards of one Million People worldwide to make it digitally easier for them to conduct transactions. He was defending the push, to deaf ears. Take a look. I actually dont know if libra is going to work but i believe it is important to try new things. As long as youre doing so responsibly. That is what made america successful. That is why our Tech Industry has led the world. Neil he might not be the one leading this charge. Cryptocurrency investing for dummy as author on all of this what do you think . This was fantastic testimony on his side. I like what he said, as one of the congressman brought it up, it was very, it was designedple, im all for innovation. I think facebook is a perfect version and category king of its own category. Now trying to become something it is not. It is trying to become a bank. Mark zuckerberg in the past few years actually has been trying to come off as a decent person to try to combat all the backlash of his, he has gotten. He went as far as last week he said, he completely rewrote the, origin story of why he founded the facebook. He said that, oh, i founded facebook because i wanted to give people voice after i saw the u. S. Invaded iraq. We all know that is not the reason he founded facebook. Neil does he have an edge here, given the fact he has upwards of 2 billion users . That is pretty impressive base to pitch something . Im not saying all two billion would migrate to this. What do you think of that . 100 he has an edge here. He has all the power in the world now. If people get on his site to make this libra a reality and, its a good thing for the cryptocurrency market as a whole because it brings attention to the fact that cryptocurrencies are necessary for our unbanked and underbanked. However, if facebook should be doing it as the monopoly power it is right now, that is a question that remains to be asked because frankly, i dont know if i want facebook to have this much power over everything. Neil thank you very, very much. I apologize for all the breaking news. We have been able to ascertain a little bit about the administration thinking about the ceasefire why it could save thousands of kurds, because they said if turks broke it, thousand us could have died. No way of knowing that. The reasoned response was based on turkey invading in the first place, something promulgated by the president decision to take troops out of there. Akin to the guy starting the fire, commending himself for putting it out. More after this. [gunfire] from the couldnt be prouders to the wait did we just winners. 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. Early this morning the government of the turkey informed my administration and stopping combat and their offensive in syria and making the ceasefire permanent. It will indeed be permanent. Neil all right, even republicans are skeptical that it will be permanent. The president crowing about the agreement he scored with the turks, that they will recognize a ceasefire as permanent as it can be in that neck of the woods. A lot of the president s critics are saying this was all necessitated you were in the process of removing u. S. Troops from Northern Syria. That prompted president erdogan of turkey to invade, kill a lot of kurds or at least put them in serious jeopardy. Now that they have agreed to making that ceasefire permanent, albeit with russian help, the burden is lifted and the sanctions that we promised in retaliation for that attack have been lifted as well. To the Kelly Jane Torrence on this. Kelly jane, it does strike a lot of folks as the president who many argue fairly or not, this is not to disparage him, starting fire, taking a bow for putting it out. What do you think of that . I pretty much agree, neil. I dont know why people assumed turkey would go in there if u. S. Troops were still there. If they had, struck u. S. Troops, it would be a act of war coming from a nato ally. Of course the president says they would go in no mater what, we would have to remove troops to get them out of the way. Im not convinced turkey would have gone in there with u. S. Troops in there. I was not a big fan going into syria in the first place. Likes you dont go in without a plan you also dont leave without a plan. It is becoming very obvious that is exactly what happened. James jeffrey, trumps envoy to syria, he actually testified this week he didnt even know about it ahead of time. Neil yeah. Tweeted out. It was tweeted out. To that point, im not here to disparage the president. He well telegraphed over the years we get ourselves involved in wars without end. We can come up with a rational keeping troops there longer. I get that. I understand that, but my only concern here is this is a nato ally in turkey erupted in this degree, working with russians that policed the same area that used to be our responsibility. So i dont even know why turkey is no nato in that case . That they are working with a sworn enemy of nato . This is a great question, neil. Why is turkey in nato after they bought Russian Missile Defense Systems that are specifically trying to get down american missiles . Neil are they playing us . Youre the expert on this but it just seems like, oh, man, theyre pulling a fast one here, the turks im talking about . What did the turks get out of this . Everything they wanted . What did the kurds, the United States get out of it . Really nothing. Youre trumpeting the fact they didnt go in and kill more people. I was surprised donald trump, thousands of people had to move a few miles away from their homes. Would donald trump like it if trump tower was relocated to harlem say . I really doubt it. These are peoples lives. These are the homes. We also have heard that turkey is possibly committed war crimes. James jeffries there is at least one instance they do believe turkey did. Turkey gets no punishment for this. What they have got is basically part of syria has become all but turkish territory. I think we got played, neil. I really do. Neil kelly jane, thank you very, very much. The ceasefire kelly jane alluded to would not be necessary in the first place had turks not fired their way into Northern Syria to begin with. Now were praising a ceasefire we hoped to make permanent because they say they wont do that anymore. Where have we heard that before . Shaq defending the Houston Rockets manager on the hong kong tweet. You hearing this lebron. People are speaking when they dont know what theyre talking about. Daryl morey was right, when you see something going on anywhere in the world you should have the right to say thats not right. I recently spoke to a group of students about being a scientist at 3m. I wanted them to know that innovation is not just about that one aha moment. Science is a process. It takes time, dedication. Its a journey. Were constantly asking ourselves, how can we do things better and better . what we make has to work. We strive to protect you. At 3m, were in pursuit of solutions that make peoples lives better. Cologuard colon cancer and older at average risk. At 3m, were in pursuit of solutions ive heard a lot of excuses to avoid screening for colon cancer. Im not worried. It doesnt run in my family. I can do it next year. No rush. Cologuard is the noninvasive option that finds 92 of colon cancers. You just get the kit in the mail, go to the bathroom, collect your sample, then ship it to the lab. Theres no excuse for waiting. Get screened. Ask your doctor if cologuard is right for you. Covered by medicare and most major insurers. 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. Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. With value like this, there are zero reasons to invest anywhere else. Fidelity. , might be a case of too little too late, hong kong officially withdrawn the controversial extradition bill. China analyst gordon chang said at this point it will do little to calm things down. Always good to see you, where you could be picked up in hong kong for any variety of nefarious charges, go to china, and maybe never come back, caused a big to do to put it mildly but it is not gone. It is not gone. If they had done this in april, which was the first big Extradition Protest in hong kong, the protests would never gone on beyond that. What were seeing, first of all they have got five demands. Withdrawal the extradition bill is only one of them. Theyre even going beyond the five demands. So beijing is just sort of, i dont know what the chinese are actually thinking. But not doing anything, taking decisive action, theyre fueling these protests. Neil the protests that we see, i always love when youre on, you can update me what is happening. Told not to wear masks, they will make masks. They told me what will be arrested, i dont know what happens to those that do and are, where is all of that . There seems to be almost no end to this. Because beijing doesnt want to introduce troops for a lot of reasons. If it does, it is probably going to have a years long war which it very well may not win. These kids are willing to die. Theyre fighting on terrain which favors the defenders. Every Apartment Building is a fort for the hong kong kids. I dont think china wants to put troops n a lot of people are saying, china will not introduce troops because it is confident it can prevail but everything beijing has been doing recently is fueling opposition to it. So i dont buy this argument that chinese leaders are confident. If they are, theyre certainly deluded. Neil youre an expert on all things in this region. I will make you a basketball expert. Seen with the nba, the dustup from the stars, coaches, owners, now shaq, all of sudden taking a dig at lebron. Theyre free to speak their minds, any one of them, right . When it comes to doing business in china, china is just as free to respond, right . Xi xinping is not only demanding obedience of Foreign Companies in china, he is demanding implementation of chinese policies but at the borders and inside. Nba did with apology in the chinese language which was really craven. Neil craven, i like that. You know, neil, you cant expect any Business Organization to stand up to beijing. So it is not really the nbas fault. What it is neil they got frightened, right . As soon as they said that the owner said that expressing sympathy for the protesters, china went ballistic. How do companies handle this sort of thing, even organizations like the nba . They could call the chinese bluff, all right, were out of china. There go 400 million customers, right . It is really not up to any Business Organization to stand up to the chinese and we shouldnt expect them to. Neil but if china is threatening, gordon, the nba wants to stick to it globally, were all about freedom of expression, thats certainly a Novel Concept in china but should they have stuck to their guns . I believe that they should but also i believe this is really up to President Trump. He is the one who defines American Foreign policy. He is the one who implements it. Although we dont want to do this, i think were going to get to a point, not in the too distant future. Take chinese money, maintain a free marketplace of ideas in america. You cant have both. Neil made this part of our trade discussions maybe for good reason . Those trade discussions are just covering a very narrow portion of our disagreements with china. Theyre just going to escalate. Right now xi xinping is driving us to places, he driving us to make decisions we dont want to make but well have to do that. Because wee have to defend our society. The chinese neil you dont buy the argument that they need it more than we deal. They need the trait deal more than we do . They need the trade deal more more than we do. They have a political system i dont think xi xinping can do what is chinas business. He owns the trade war. He is all accountability. He deinstitutionalized chinese economist party. He needs a 100 win. If he loses Something Like this, he could lose not just power but a hell after the lo more. He understands that. He will drive a extremely hard bar grain. President trump needs to be prepared. Neil were hearing from the chinese if we dont remove the december tariffs they will not sign off on a phase one deal, whatever theyre calling it. I agree that is probably the case. They have been using peoples daily, a lot of state media to say, this is like an infringement on chinas sovereignty this is opium war stuff. When they raise national issues, it makes it difficult for them to compromise. Neil gordon chang, thank you very much. Known this guy for many years. Think about what he sacrificed and risked to give us the true skinny on china. We all get caught in the economic jargon. This was a personal life and death issue for him. That is how important it is. Keep that in mind when you read his multiple bestsellers. The dow is up about 24 points. We have a big hearing on capitol hill featuring mr. Zuckerberg how he is trying to defend capitalist interests to two parties not in the mood to hear him. Rarely are republicans and democrats united on this. They hate the guy. After this. Hmm. Exactly. Liberty mutual customizes your car insurance, so you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty 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. I wanted more thats why ive got the power of 1 2 3 medicines with trelegy. The only fdaapproved 3in1 copd treatment. Trelegy. The power of 123. Trelegy 123 trelegy. With trelegy and the power of 1 2 3, im breathing better. Trelegy works 3 ways to open airways, keep them open and reduce inflammation for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy and the power of 1 2 3. Trelegy 123 save at trelegy. Com. Neil all right. Mark zuckerberg has resumed testimony on capitol hill. He is speaking before the House Financial Services committee. The members on both sides by and large, he has a couple of republican supporters on that committee. Not really supportive of a guy with all the controversies some saying so bad they want to break up the company, they dont want to look after privacy rights. No way we give a guy like this control of a Digital Currency called libra that could further cement his position as one of the worlds most influential tech titans. That is given. They dont want to give him anymore power. When things get nasty. Were waiting for alexandria ocasiocortez and host of others who will no doubt grilling him. He is not getting a lot of support on the republican side outside after couple mentioned the fact were a fine one to question you how you handle your finances. That is neither here nor there. Boeing shares in the meantime, theyre up a little bit. Might have to do with certain plane model might be back in the skies or the Company Hopes sooner than thought. Jackie deangelis with all that. Reporter good afternoon to you, neil. It was a big miss from boeing this morning. Im surprised this stock had a turnaround. I get to what analysts thought why it is trading in the green. Eps estimates 1 heroin 45 versus the 2. 09. That was expectation. Revenues was 53 profit drop quarter on quarter. Those are not great numbers. It comes down to the 737 max crisis. Obviously something that the market has been focused on, something the company is focused on as well. Now the company said it was sticking to its plan to return the 737 max jet to service in the fourth quarter. Ceo Dennis Muilenburg said it was a top priority to return it safely to service. That is what analysts wanted to see here. Look, they knew the 737 situation would be disaster for this company. It would take a while to dig out. Credit suisse saying there was no incrementally negative news on the 737. That is what investors wanted to see here. Theyre taking this on the chin. Hoping the company can move forward from there. There is still a cowell things to think about. Tuesday, ousted Kevin Mccallister from the airplanes decision. Look at the Top Executive departure, some wonder is Dennis Muilenburg next on the chopping block here . I want to draw your attention to the 787 production. That is a different plane. Boeing will cutting production about that plane, it is worried about global trade tensions. That is something to worry about the broader dow stocks, what caterpillar is doing. That kind of thing. Neil . Neil great reporting. Jackie, thank you very much. We have Charlie Gasparino with us. Were following the democratic field. As you know there are 700 candidates in the race, joking, apparently 70 though. Neil but a lot of democrats are not satisfied with the field they got and thrown out a lot of names huh . We should point out this is a marathon. Things could change. Latest cnn poll had biden up. Neil picking up. Whatever he is doing wrong is not, doesnt seem to be hurting him with voters. The thing i would tell you though there is lots of anxiety inside the Democratic Party among the big money donors who i speak to, bundlers they are known as. They bundle checks from different people. Theyre constantly talking to the big money. Theyre worried about bidens ability to stay in the race. They just dont, they think he is one major screw up in a debate away. Neil he has little cash on hand. This is stuff we at fox business were first to report. He has got money problems. It happened earlier. Neil right. A lot of people thought. Who is the flavor of the month right now . Clearly it is bloomberg. Neil Michael Bloomberg . If you talk to Democratic Party insiders they will tell you hillary cant do it. Cant finance. You cant get in now with finance. A lot of money is already like sort of gone to various places, right . Michelle obama is not going to happen. The only viable candidate that can do it now is someone like bloomberg who could sell finance because he is so rich. He has got, rumors, that he has 30 billion worth of Treasury Bonds laying around, which is cash. That is substantial his wealth is. Neil he wouldnt be a third party candidate. He would step in to claim the democratic prize . The people i speak to, put out, that bloomberg has not disbanded his campaign office. He still has five or six people he always had in there. A semiexploratory committee when he was seriously thinking, im putting it off, not doing it. Those people are still there. What we are told is that the door is open a crack. So it is still a possibility. That is from inside of bloomberg. Neil he is one opened it a crack . Still open. Neil is the party thirsting for him . Nobody knows for sure. Neil he would be kind the out of zing progressive wing of the social like ral, political conservative. That is great point. He has got money. He could win a general election. That is the whole point. He has got money. He is more centrist. And i think the problem that the party brass is feeling right now, joe biden, five years ago would be a shooin, right . He would, he appeals to both democrats and republicans. He appeals to africanamericanss a huge voting block than white millenials. So he has got a lot of good going for him except for the fact is he up to the task . There is a question about that. So who could be neil up to the task in what way . Endurance wise . Can he do this. People worry about it. Neil he is 75 . He is healthy fit, 75yearold guy. Youve seen some debate performances. They can be shaky. The fall back position is bloomberg. Here is the thing about bloomberg. I, i talked to a lot of people. They tell me people that know him, yes, he wants to do it but he will be a no in the end. He just doesnt want to, pulling that trigger is neil always been concerned about pulling independent trigger. Youre right. Way too early. By the way he can do this as late as january people are saying. Neil really . Get on and get it moving. January is the date. That is pretty good. He can wait a little bit. Too. Neil thank you my friend. Youre not announcing . No, im announcing candidacy for new york city sanitation commissioner. Neil perfect. The judge is coming up. It is always fun when we talk about the College Scams what kind of jail time. For a few of them it has gotten a little worrisome after this. Its not pretty good or nothing. Its not acceptable or nothing. And its definitely not close enough or nothing. Mercedesbenz suvs were engineered with only one mission in mind. To be the best. In the category, in the industry. In the world. Lease the gla 250 suv for just 329 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. From packaging tape. To tape that can bond materials to buildings. And planes. One idea can unlock a breadth of solutions. At 3m, we are solving problems that improve lives. When i found you i just knew one idea can unlock a breadth of solutions. We have our own style and our love is one of a kind strong brilliant unbreakable you found the one, now find the ring visit zales, the diamond store. Neil new charges in the college scam case. Lori loughlin and 10 other parents who pled not guilty facing additional charges that could land loughlin in jail for decades. Hard to say but we have judge andrew napolitano. What do you think . What i think the government is doing is horrendous. They are punishing people exercising their constitutional right to plead not guilty. Theyre charged with a basic bribery scheme, 40 people charged. 36, 37 plead not guilty. The Government Asks for jail time. They all, with the exemption of one of them got very, very small jail sentences. The government is not happy with those jail sentences. The government is not happy that it will have to try Lori Loughlin. In order to make her life more miserable they indict her and her husband again for higher crimes. That is absolutely wrong. It constitute as punishment for the fault of defending yourself. If the government has a case against someone, they present it all at once. They dont hold it back, and let it drip, drip, piecemeal to make it almost impossible to defend yourself. Neil now, if you force someone like that to settle, than risk going to trial. Put them in a corner where the odds are dicey with all the added charges . Correct. Neil how is that to the governments advantage . It exposes the person to a lot more jail time. Neil what are we talking about . Another 10 years exposure. Neil 10 years . 10 years. The sentences have been very small. Listen five minutes in jail can be horrendous. Compared to what the government was asking for, these sentences have been two weeks, three weeks, four weeks, a month. The government was asking for eight months, 10 months, 12 months, 15 month. One of the reasons the sentences are short is because the government says these bribes caused a lot of harm. What harm . Well, it caused somebody who should have gotten in, not to get in. They were replaced by the peoples children who were unworthy of getting in. The Probation Department disproved that. The Probation Department, which also works for the attorney general said, there is no evidence that a qualified person was not admitted because an unqualified person was admitted. So there is no harm. Wait a minute, if there is no harm, whats the crime . Neil how do you prove that, judge . If a set number of people to your princeton, tops in your class, when you got in, a set number of people got in. I think one in 20, right . So, someone didnt get in because you did, albeit with all the right qualities. So you could make a case for that right . That is the case the government made but there is no factual, that factual proof. Hence the philosophical question, if there was no harm, what is the crime . Shouldnt this be resolved in civil litigation . Neil. They would have to prove the crime. Because they cant prove the harm neil two daughters got in was it to usc . Correct. Neil on rowing scholarship. They were no more rowers than you and are ballerinas. Neil we dont want to go there. Understood. Point when the government said to the court that means that two worthy people didnt get in, it turns the out that was not the case. So the judge reduces the sentences. So in order to address that, they charge them with more crimes. So when these people come up, Lori Loughlin is the example, eventually plead guilty. Instead of exposed to 15 months, she is exposed to 10 years because the government wants to show its tough. Neil wow. Judge, thank you very much. Judge andrew napolitano. Quick read on that. Free beer, if you free yourself from social media. Would you take that bet . Would you follow up on that . Gasparino would. Neil right away. Right away. 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. At fidelity youll pay no commission 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. 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. Beer call. You want a free miller lite . Stop following miller lite. The beer company saying that few friends is better than a few thousand followers. It is encouraging a lot of its customers to unfollow them on social media. Fox news contributor kat tim. Fortunately doesnt drink but if you did . First of all miller lite is not beer. It is beerish water. No, i will not neil hold on one second. Miller lite advertise here . Guys . Okay. I dont like it. I like ipa, something with a little more of a flavor to it. Neil guinness now and then. Maybe now and then. Voodoo ranger is my jam. I was confused who was following miller lite on instagram anyway. I like beer just fine but my favorite think about it, is not looking at it. I never sat there looked at a can. Neil in a way it helps, it is a cause, company is behind getting us talking to each other rather than, social media each other. Heightens attention that they even have a site. But i see what theyre doing. I just dont know if people will make the connection . I think that its a good message. We do spend too much time on social media. I know that i do. Neil it is your generation. I know. I absolutely do. Im completely guilty of that. Neil i hear a lot about this internet but big deal. Let me ask you meanwhile a study out, not checking work emails, from the boss or colleagues can cause a lot of stress. Do you buy that . I do buy that actually. I know the kneejerk reaction if you cant check work email at home, it will make you less stressed. If i wasnt honestly check work email, i wouldnt be here. I got the email. Neil kat, can you come on . On my way to the gym. You saved me from the treadmill. That opens up, you work where you want. Every time i had an idea for one of midtores i would go into the office. I would never wouldnt leave. Neil in our profession you have to be up what is going on. Im always checking markets, right . It rattles me out of the loop not hearing something. Same with me. I have the opposite problem the need to put it down. It is about balance. Constantly refreshing work email, put it away but i think it is good to have the option to do a little work from home if you want to do that. Neil were getting too slavish to this. Yeah. Talk to people. Bottom line, talk to people. If you can stand it. Neil or either drink. If you cant stand it. Kat, always great seeing you. Thanks for responding with the email to come on. Yeah. Neil we have Mark Zuckerberg. Taking heat on capitol hill. Here is how dicey things are for him. Both republicans and democrats cant stand him. After this. To band shopping list. Perfect. Peyton, what are you doing . Nationwides teamed up with amazon to bring you the allnew echo auto. Youre gonna love this. Alexa, add xylophone to band shopping list. alexa okay. We dont need a band shopping list. Alexa and i disagree. Alexa, add positive attitude to band shopping list. alexa added positive attitude to band shopping list. Thats for you. You need it. Join nationwide now and get a free amazon echo auto. No, just a sec. What would it look like if we listened more . Could the right voice, the right set of words, bring us all just a little closer . Get us to open up . Even push us further . It could, if we took the time to listen. The most inspiring minds, the most compelling stories. Download audible and listen for a change. 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. Around the world, misinformation is division and misinformation across north america and europe, facebook has been systemically found at the scene of the crime. You think thats just a coincidence . Sir . Well, congressman, we operate in almost every country in the world except for china and north korea, so i think we would be in almost every country where different activities are happening. Neil all right. Just check off one less like there. Zuckerberg taking the heat right now on capitol hill, speaking as he is still before the House Financial Services committee. Ostensibly the purpose of this hearing was to explore his efforts to, with a consortium of others, work on a Digital Currency called libra that a number of partners have since dropped from. They include mastercard and visa and paypal, whathave you, but growing concerns not so much of the idea of a Digital Currency which is a grand plan and his strategy behind it is not that bad, its just all the baggage that comes with it, if you want to get to do it with him. This as 47 states and u. S. Territories are looking at facebook on antitrust grounds and many wanting to break it up. A number of democratic questioners today urging just that. The wall street Journal Editorial Board member james freeman, market watcher Danielle Shay and edward stran. The idea that digital or cryptocurrencies, whatever you want to call them, theres a fine model to be made for it, whether he is the guy to deliver it is the question. Right . Exactly. Whether hes the guy to deliver it is the question, because the thing is, facebook has a huge reach, right, over two billion people and it already has so many privacy issues. So if you take those facts and then add in a currency that they can control, then they are neil he said he wouldnt control. He says there would be this consortium, kind of like a separate part of facebook. I think thats how it was explained. It went right over my head. What do you think of that . Yeah, and also tied to the u. S. Dollar which is very different from a bitcoin model. Neil and a host of others. Basket of others. Yeah, where people really want an alternative to governmentcreated currencies but that large reach which can concern some people also, for a customer, may be very reassuring that you know that if you use this currency its going to be widely accepted, widely used. I think thats always an issue with any new payment technology, is it going to be something, and this is where bitcoin has struggled. If you go outside here, youre not going to find a lot of retailers that take bitcoin. I think from that perspective [ speaking simultaneously ] neil very questionable guy but he does take it. Edward, where is this going . I have always argued that with so many vested interests, the u. S. Treasury, Federal Reserve, attorney general barr, the australians, the brits, the french, the germans, they are all concerned about this. They are all concerned not necessarily about libra, but any of this, because they think it eclipses the system we have and maybe threatens it. Sure. So bitcoin meant to completely eclipse it, go around it. That had a lot of problems. I actually think the economic model behind libra and the technological proposals are actually really interesting but i think hes precisely the wrong person. Neil what makes libra interesting . I know it cuts down on the volatility you see out of bitcoin precisely because its pegged to this basket of currencies, goods, et cetera. We have all these intermediaries who have backed out, like paypal and major payment processors who actually have the expertise to make sure that payments are processed very quickly. They were on board. The fact that bitcoin takes ten minutes or whatever the number is these days to clear is not a viable model to scale up. So neil it was supposed to be 1,000 transactions a second. Yeah. I think it was just a fantastic idea but hes the wrong person at the wrong time. People have a lack of trust in him, his company, expanding the scope of what people agree to, changing terms of privacy after the fact. So i am hoping that Something Like this would work but not from him. Neil you know, whats fascinating, its a volatile investment, to put it mildly, facebook, but the stock is still up north of 40 this year. I always find it fascinating because people say its too big for its britches, has to be broken up. Maybe part of its runup is anticipation of that, i dont know. Remarkable how it and he have held up. It is, absolutely. Thats the thing about facebook, though. Even though there are so many issues, two billion people are still using the platform and they are still making all kinds of money. So at the end of the day, investors care about companies that make money and they are kind of ignoring the privacy issues at this point. Neil you know, what i see, this is the opening salvo going after all the fang names, amazons, netflix, whathave you, google, and this is just the opening round, that all of these guys are under the gun. Yeah. I think to this point, while there are a lot of headlines, you still have customers wanting to trade their privacy for free stuff for Companies Like facebook. I also think we havent seen from the doj a real case on consumer harm. What we have heard to this point is theyre looking into it. Then on the regulatory side, its usually regulations help big incumbents in an industry. So facebook may end up helping to write regulations but certainly the history would say theyre going to be okay, its the neil one way or the other, right . Industry is going to grow more slowly and maybe upstarts dont get the chance to be created. Neil i mentioned amazon. They are planning to invest a lot of money, billions, we are told, to Police Products on its site that are not reliable, that you might have had this yourself, something happens, you say what the heck, this is not the velvet painting i ordered, this is something totally different. What do you make of this, that amazon, the very fact it wants to address this, has a problem with this . I think its very important and great, actually. The market needs to have trust and the marketplace called amazon needs to have reliable products. Theres a lot of unfortunately counterfeit products showing up and people are not happy. Neil how did they get a place on amazon . Well, they are a relatively open platform. Neil an aggregator . Third Party Vendors will come list their products on amazon and its very difficult for one company, in this case amazon, to be peering over all products. Now, the consumer can complain, im sure it happened to all of us, we buy something that wasnt what we wanted and so amazon has an incentive to provide private rules and regulations, private governance, by the way, my Favorite Book on the topic by me, the Company Needs to ferret out fraud. Neil i admire that about you. You would be hawking stuff on amazon right now. You know whats weird about it, too, though, and i know you are the company you keep, and by and large, im told there are some statistics on amazon that returns are actually a very very small percentage overall, for a lot of people i suspect its just a hassle but there are people who have dealt with a disreputable retailer or some merchant that is not up to snuff. How is amazon going the police that, then could it hurt itself by making it too stringent . For the retailers that advertise . I think this is better for amazon that they get ahead of this, because its something that could potentially go out of control. But i think the best way they can do it is just the way that neil didnt they cite years ago that that was rigged, some people, it was fake, you know . Yes, there definitely has been some of that. People getting paid for specific reviews and things like that. Neil i had a book out, i reviewed my own book, outstanding. Im exaggerating to make the point. The ratings system itself is you did that yourself, right . Yeah, well, this was i guess a branding question, does amazon, do they want it to mean to people premium products, or do they want it to mean a huge marketplace, some premium, some not, some reliable, some a little shadier. Neil walmarts counter to that is just that, that we know in our universe, we can stand by everything. We know who they are. We know what they are. But thats the model, that even walmart, thanks to great reporting by our colleagues at the journal showing that oftentimes for all the big retailers, they may end up getting products from factories in the third world, they dont realize that thats where they originated, they may not realize that or have done the work to ensure neil it happens to established brands. It seems to happen disproportionately to amazon because of its size. The customers got to know. The customers also got to know you are going to pay more if you want us to make sure that no factory without appropriate heat and lighting and fire escapes is ever producing a product. Neil would we get that far, though . Where people at home can decide . I think they do a great job at rating the products. We can see oh, the consumers like that but when you have ten different resellers neil who aggregates that . Like these restaurant reviews, great restaurant. Amazon corporation aggregates these reviews and they do also have to ferret out the fake reviews. Thats a major problem. Neil fake reviews that are good and bad. A lot of these platforms. We have to make sure the reviews are good of the product but then also, the third party reseller. I think its very important what theyre doing. Private rules and regulations of their marketplace. Neil all right. Its their word, their gospel, their reputation. All right. We will take a quick break here. The president just announcing a permanent syrian ceasefire. A lot of people are criticizing from left and the right that hes taking an early bow for putting out a fire that he created. 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. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. From packaging tape. To tape that can bond materials to buildings. And planes. One idea can unlock a breadth of solutions. At 3m, we are solving problems that improve lives. Neil all right. Little over an hour ago, the president announcing a permanent ceasefire, as permanent as you can get in syria. Blake burman at the white house with the details and the fallout of that. Not everyones buying it, blake. What are you hearing . Reporter the president even acknowledged, neil, when he described this as a permanent ceasefire between turkish and Kurdish Forces in the northern part of syria that that word permanent is tenuous when you are talking about that region of the world. The president , though, saying that because of this ceasefire, sanctions against turkey will be removed. The commander in chief adding it is time to let someone else fight in the quote, bloodstained sand, and says that partners in the region will ensure that isis doesnt become a beneficiary of the u. S. Withdrawal. Now turkey, syria and others in the region must work to ensure that isis does not regain any territory. Its their neighborhood. They have to maintain it. They have to take care of it. Reporter however, up on capitol hill today, james jeffrey, the u. S. Special envoy to syria, testified that more than 100 isis fighters have now escaped from prisons in that region. Yesterday during a separate hearing, he also acknowledged that those isis fighters might go unaccounted for. Further fueling questions about what a diminished u. S. Presence will mean in the fight against isis. Do we have any idea how those escaped isis fighters will be tracked, accounted for and recaptured . At the moment, we dont. Reporter neil, the president also says that some u. S. Troops will remain behind to make sure that the oil fields in that area are not seized. He also warned turkey that should they not live up to the expectations of this ceasefire, then those sanctions will resume. A live look at the white house right now. Im standing on the north side of it, just on the back side of it. You might have heard those sounds there in the beginning of our report. That was marine one landing. We expect to hear from the president shortly where assuredly he will take more questions on this. Neil thank you very, very much. Blake burman. Back with my panel right now. James, danielle, edward. Edward, its always in the details, whether in this case, the turks follow through and do what they say they are going to do, but the one thing that the president didnt address here is the fact that the russians are going to be part of this force that will be policing in Northern Syria, and this was something that probably would not have happened in light of the events, in other words, the russians are working with turkey, a nato member, a u. S. Ally, its weird. It certainly is. But i think one thing that the president really stuck to his guns on is that look, were in too many different wars in too many different countries, he calls it the bloodstained sands neil without end. He telegraphed it, of course. This was not immediately telegraphed to the generals involved. Sort of a tweet. Yeah, this has been going on for five years. We have these other ones going on for 18 years. Just to say look, we cant solve all of the worlds problems, unfortunately. George washington said that relations with all trade with all entanglements with none. I think the president is sticking to that position that hes been talking about for a long time. Its quite remarkable. Neil i covered george washington. I dont think he would i did cover washington. Jefferson. Another thing thats interesting about this, i get the president is no stranger to we got to get out of this region, we are getting involved in wars without end, its how he did it in this case, tweeting out this move that stunned everyone. They knew where he was coming from. They understood where he was coming from. I suspect the president has his finger on the pulse of most americans when it comes to support for pulling out of regions like this. But this might have made a situation more dicey, right . Well, you know, this is really how he does business. He announces on twitter. Neil in variably, fairly or not, people will trace it to this. Today in the press conference he spoke to that and said most of the isis members were captured. He seems to have some, you know, strengths in the fact that turkeys going to take care of it. I dont know if thats actually going to happen. [ speaking simultaneously ] neil i would have concerns about that. Anyway, what do you think . Yeah, i think the whole question is is this going to lead to revitalization of isis. He has to address that both for our own security and i think thats the political imperative for him as well. You look at polls of Republican Voters and they are less eager than republican members of the house for us to be there permanently or to be seeking regime change. You always had that tension where he hired a lot of Foreign Policy advisers who wanted regime change. He had the more modest ambition of stopping isis. I think if he achieves that, this will be longterm seen as a positive. Neil what do we do if the turks cheat . If they dont honor this ceasefire, they just i think many neil there will be sanctions . Thats what the president says. We will use economic sanctions. I think we should be thinking about alternatives to just wars all the time. A lot of americans are fed up with seeing their relatives or others dying over there. Neil he made a very compelling point of saying hes tired of going to dover and seeing the caskets of young men and women who come back from battle and seeing their families. I get that. But im wondering if the way this was played out maybe raises the possibility of still more disruption. I mean, theres been disruption, constant disruption over the past ten years and the previous president said oh, well, ill solve the problem. No, he didnt. He caused things to get worse, i would argue. The fact we are doing an aboutface on this looks pretty good. Neil well see. The president had the same goal, extracting the United States from this region. We always get right back in. Well see what happens here. As i say, the markets worried about the whole turkish crisis, whatever you want to call it, they have been holding their own. Well see if that justified. Meantime, biogen continuing to rise after reviving plans for an alzheimers treatment that might not be a cure, but is sure as heck more promising than anyone thought. Even biogen. After this. When youre looking for answers, its good to have help. Because the right information, at the right time, may make all the difference. At humana, we know thats especially true when youre looking for a Medicare Supplement insurance plan. Thats why were offering seven things every Medicare Supplement should have. Its yours free just for calling the number on your screen. And when you call, a knowledgeable licensed agentproducer can answer any questions you have, and help you choose the plan thats right for you. The call is free, and theres no obligation. You see, medicare covers only about 80 percent of your part b medical expenses. The rest is up to you. Thats why so many people purchase Medicare Supplement insurance plans, like those offered by humana. Theyre designed to help you save money and pay some of the costs medicare doesnt. Depending on the Medicare Supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, Emergency Care and more. You can keep the doctors you have now, ones you know and trust, with no referrals needed. Plus you can get medical care anywhere in the country, even when youre travelling. With humana, you get a competitive monthly premium and Personalized Service from a healthcare partner working to make healthcare simpler and easier for you. You can chose from a wide range of standardized plans. Each one is designed to work seamlessly with medicare and help save you money. So how do ya find the plan thats right for you . One that fits your needs and your budget . Call humana now at the number on your screen for this free guide. Its just one of the ways that humana is making healthcare simpler. And when you call, a knowledgeable licensed agentproducer can answer any questions you have, and help you chose the plan thats right for you. The call is free and theres no obligation. You know medicare wont cover all your medical costs, so call now and see why a Medicare Supplement plan from a company like humana, just might be the answer. Neil all right. Believe it or not, boeing shares are up right now, optimism about the eventual reflying of the 737 max. Thats of course the hope, at least, thats been a big quagmire for the company for upwards of a year plus. Gerri willis at the New York Stock Exchange following that and all the trading activity. Hey, gerri. Gerri quagmires the right word. Investors buoyed by boeing, reiterating their commitment to getting that 737 max jet back in service by the end of the year. Its been a big question. Now, the stock had been whipsawing for the better part of three days. Today, it rallied early in the day as much as 4 despite a disappointing earnings report. Boeing posting a wider than expected bottom line loss, says it will now delay deliveries of its 777x plane until 2021. Shares now, as you can see, up about a little more than half a percent, at 339. 44. Meanwhile, caterpillar shares rebounding after being down as much as 6 . Cat lowering its full year guidance in this earnings report. Caterpillars ceo citing lower inventory at dealers and declining demand amid uncertainty surrounding china trade and the global economy. That stock, as you can see, up about 1 . Apple hitting a new alltime high after Morgan Stanley raised its price target from 247 to 289. The analyst citing their bullish forecasts on Revenue Growth from its apple tv plus and streaming service, that is, which launches november 1st. Apple shares also higher here. Neil . Neil thank you very much, gerri willis at the New York Stock Exchange. By the way, we are hearing the press has already been escorted to the south lawn ahead of the president s departure. Hes going to be in pittsburgh for a shale conference, talking up u. S. Energy independence. So well wait. He usually does take questions. He could go on for quite awhile. I think you know the drill. He speaks, the tape, it isnt tape anymore, its all di digitized. Its delayed getting to us with all this technology. When we get it, we play it for you so you can find out exactly what the president had to say. Meantime, shaq is taking on lebron and the subject has nothing to do with basketball per se. 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. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. One of our best values living in america is free speech. Were allowed to say what we want to say and were allowed to speak up about injustices. Thats just how it goes. If people dont understand that, thats something they have to deal with. You know, i just think it was unfortunate for both parties, you got people speaking when they dont know what theyre talking about. But whenever you see something wrong going on anywhere in the world, you should have the right to say thats not right. Neil i think they call this a shaq attack. Shaquille oneal defending Houston Rockets general manager darryl moreys hong kong tweet in support of protesters while taking a shot at lebron james. Weve got our cast of characters back with us right now. Edward, im looking at this thinking all right, where does this go . Its all about business, right . The nba isnt going to turn away from china. Yeah, but the thing that worries me is now every american has to be worried about kowtowing to the communists in china to say well, i dont want to offend the communists here, what would they want me to say. Now we are unintentionally neil thats always been going on, right . I mean, we are unintentionally defending them without our knowledge. So i think Shaquille Oneal was spoton right to say no, this is not our job. We should be able to stand up for what we believe in. Neil all right. So if you stand up for what you believe in, you think the treatment of the protesters is offensive, if china comes back and says then get the hell out of here, then, we wont have the nba in china, then it becomes a big economic issue, right . Yes, it does. Shaq is standing up for what he believes in. I think its really important. Thats part of our american ideals, free speech, right . But then you also have to look at the money here. The nba makes a ton of money in china. They have a Huge Population base, its very popular there. Thats what its going to come down to. Neil the chinese tell you to shut up, shut up . You are a capitalist. I do like my money. Neil what do you think . No, you dont shut up. Kudos to shaq. Those comments were shaqtacular. Neil i see what you did there. Its really important to realize that this isnt a question of nba players going to china and insulting xi jinping and calling him a tyrant and dictator running an illegitimate government, although all those things are true. All the message from darryl morey of the Houston Rockets was, was chinese government, honor the promises youve made to your people in hong kong. To the people of hong kong in that special administrative region. Its not asking anything except what the government there promised. Neil even if it rests, though, the nba gets china a little annoyed and tells you to go . Obviously the nba has china is their big growth story. U. S. Tv ratings, not good lately. This is the growth market. I think one thing you do wonder, its about 10 of Current League revenues, given those hundreds of millions of basketball fans over there we keep hearing about, why isnt it higher . I dont know if this is another case where maybe the intellectual property isnt getting compensated as much as it should. Neil you realize that the chinese really havent changed when it comes to strongarming. Im wondering is this another company or league, i guess, business from the u. S. Looking at this huge market and thinking the future is going to be really amazing and maybe not. Neil its not. All right. I want to go to washington right now. We are learning of republican lawmakers storming a closed door impeachment session. I think thats what happened. Chad pergram with the latest from capitol hill. Whats going on . Reporter well, remember a couple years ago, House Democrats took to the house floor to stage a sitin over guns. Thats essentially what House Republicans have done today in the house Intelligence Committee. The pentagon official laura cooper was to appear for a closed door transcribed interview. The three committees have been dealing with this, the oversight committee, Intelligence Committee and Foreign Affairs committee, and they havent been admitting members who are not on those panels. So right behind me here earlier this morning, you had about 25 or 30 members who kind of stormed the Intelligence Committee, the scif as we call it, the secure compartmentalized information facility. Thats a lockdown room where they take classified information and information that otherwise might be sensitive. Well, they basically didnt start the session with laura cooper. She is still sitting in a room off to the side right there. The democrats are trying to wait them out and heres the other problem. The house sergeantatarms, paul irving, was called because now the scif is not secure. There were members who are not members of those committees who took their Electronic Devices and phones into the room. Thats a problem. That is a violation of house rules and one source told me those members could be subject to an ethics complaint. Youre not supposed to do that. Heres the other issue. Its not unheard of to have members of congress get permission of a Committee Chair if theyre not on one committee to sit in on an interview or hearing of another committee, but its kind of a gentlepersons agreement. Members are usually loathe to go in and break those rules because if you are goring that persons ox today, they may try to gore your ox tomorrow. They basically blew that up today. They say it was worth it, the republicans did, because they think the democrats are handling this in such inappropriate fashion. We dont know what this means for testimony today from laura cooper, who still hasnt started. She was supposed to start about 10 00 this morning. Or if they will ever get to her, frankly. Neil amazing. Chad, thank you very much. Guys, we are just getting word rashida tlaib, the Michigan Democratic congresswoman, is questioning Mark Zuckerberg right now. Can we peek in on this . She is a known critic of facebook and its policies. The time has expired. We have people waiting. Thank you. We would like the answer in writing, though, any questions that you have not answered. The gentleman from tennessee, mr. Rose, is recognized for five minutes. Thank you, chairwoman waters and mr. Zuckerberg. Neil she was talking about whether facebook is the entity to go ahead and come up with the Digital Currency but more than that, whether it has gotten too big for its britches. That is the view shared by the likes of alexandria ocasiocortez and others. That line of questioning that they shouldnt even be entertaining this company having anything to do with Digital Currency is going to be a very very big issue going forward. By and large, most of the wrath for one of the worlds richest men has been coming from democrats but not exclusively. A number of republicans have said simply that he doesnt run a fair enterprise. Certainly not a fair and balanced enterprise, and the backandforth as to whether he polices political advertising in general, democrats say he does it to the favor of republicans, republicans say that he does it to the favor of democrats, so he cant win in all of this. But this exchange really comes back to whether he is the messenger for a message that includes an alternative to the u. S. Dollar. So far, both sides seem to be saying no, you are not. More after this. 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. So you can explore all the Amazing Things ahead. Talk to your advisor about brighthouse smartcare. Brighthouse financial. Build for whats ahead℠ its the idea that if our mothers were diagnosed with cancer, how would we want them to be treated . Thats exactly how we care for you. With answers and actions. To hear your concerns, quiet your fears, lift your spirits. Thats the mother standard of care. This is how we inspire hope. This is how we heal. Cancer Treatment Centers of america. Appointments available now. Neil all right. Meantime, we have laura cooper testifying on capitol hill. A good many are still in it. The question is whether at this time Mark Zuckerberg is the guy to deliver the goods. He might not be the messenger. Lets go to my friend Charles Payne. How do you think this is all going for him . Charles about as planned. I will say, i think hes stumbled a little out the gate. Wasnt prepared for Maxine Waters questions about factchecking which i thought was a pretty good question. Obviously they have said they are not going to factcheck certain political ads but it feels like they dont factcheck anything unless theres complaints, then they will have some sort of independence body look into it. I thought that was fascinating. He does, hes obviously been schooled, hes prepared, hes trying to hit their individual hot buttons, whether its the china threat with conservatives, whether its the ability to help folks in the lower economic ladder, you know, get banking accounts or financial accounts. So hes trying to please everyone there. It was a tall mission for him but the stock is hanging in there right now. Neil you know whats interesting, too, i think when you had Maxine Waters questioning him on factchecking political ads, she was referring to those supporting donald trump, republican conservative ads, he should have said i dont check facts on your ads, either. But it was an opportunity for him to say i just dont get into the weeds on that, and he didnt take the lowhanging fruit there. Having said that, where do you think this goes for just a Digital Currency like this, whatever you want to call it . I always think its out there, this was maybe an interesting alternative, something backed by, you know, a variety of different commodities including currencies like our own, so on paper, it made, maybe still makes sense. What do you think . Charles i was always suspicious of bitcoin. Thats why i never got involved. This magical formula, x amount will be broken out. But when you start to talk about putting it inside of a company like facebook, with two billion users, making it easier to do transactions, making it easier to send money around the world, its a viable option to fiat currency. Thats why the Federal Reserve is so afraid. In fact, thats why establishment types, i mean, its really rare when you can get Maxine Waters, donald trump and jay powell on the same page. Neil thats right. Thats right. Charles thats what libra has done. Neil you know whats interesting about it, too, i always felt like that technology, whatever you want to call it, must be scaring a lot of established powers that be, the world order, when you have the treasury against it, are concerned about it, the attorney general, the governments of germany, france, england, italy. So im thinking well, thats weird, because the mob is a big fan of this, right . I just found it kind of interesting that there is a worldwide series of folks who are concerned that this would upset the world order. Charles you are 100 right. I understand the pushback that it helps to facilitate illegal activities but my next question or statement is what are they using now . Theyre not having a hard time doing illegal stuff with dollars and euros. Neil youre exactly right. Meanwhile, somewhere theres a tony soprano saying whats the big deal. Charles payne, thank you very much. Hes coming up a little more than 15 minutes from now. Weve got the dow up 27 points. Mark zuckerberg is being raked through the coals. Hes holding his own here and this stock, say what you will of the wild ride its been on, is up north of 41 on the year. So hes got to be doing something right. After this. Obvious. Sometimes, they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Hey. Hey. You must be stevens phone. Now you can take control of your home wifi and get a notification the instant someone new joins your network. Only with xfinity xfi. Download the xfi app today. Neil all right. The president is en route right now to pittsburgh, pennsylvania. He will be going to a shale conference, talking up American Energy independence. Before he left the white house, de have a chance to talk to reporters. This was that moment. Were going to pennsylvania on an Energy Meeting and speech, and look forward to it. I hope you saw what i had to say about the safe zone in syria and our dealing with turkey. Its been very successful. Well see what happens. Its a very volatile part of the world but so far its been Pretty Amazing whats gone on. Weve lost no soldiers, we didnt have a soldier hurt, we didnt have a finger broken. Pretty unusual. And we have thousands of soldiers that have moved out or are moving out of various areas. We have it under very good control. Turkey has done what weve asked them to do. We have tremendous economic might, far more than we had relatively speaking when i took office. When i took office, everybody said that china would be the largest economy in the world within the first two years, and weve picked up trillions and trillions of dollars of worth and china has lost trillions of dollars of worth. So we are far and away the most powerful economy in the world and if you have a smart president ,there. Other than that, our military is looking good, its been rebuilt, and were respected again. But im going right now, ill be going over to pennsylvania and many of you, i hope, will be following me. Thank you. Neil that time he did not take questions. Made a statement and normally he does field questions from reporters. But he didnt. So thats that. James freeman, obviously he will be going to pennsylvania, one of the big things hes going to be arguing about in a state that obviously joe biden is visiting this day in scranton, where he comes from, thats an important state. He won it by about, what, 45,000 votes. If he can carry it again, its a big big win for him. On that regard, thats the wind at his back. He keeps referring to those gains, the energy independence, the strong market, the strong economy, china sputtering, us not. How is it resonating . Well, its certainly resonating in that the economy is the one issue consistently in polling where he gets the Approval Rating edge. Hes at 50 plus on that. Thats where hes obviously got the strong suit. Joe biden there today, i think what hes got to say, other than i was born in scranton, we moved out in the eisenhower administration, what hes got to say is heres my plan for growth. I think if hes successfully defined himself to this point saying im not going to do the radical changes of sanders or warren but i think he also needs a message for how hes going to improve upon whats been a pretty good economy under President Trump. Neil you know, we were saying during the previous break here that the one thing going for him is the same thing bill clinton had going for him facing impeachment, would you really want to disrupt this. Even those on wall street who love money didnt want to risk losing that. Would the same apply and help this president now . I absolutely think the same applies. Wall street is going to want a president who is in charge, who still is working very hard on the economy, has great numbers, it continues to grow, the stock market is climbing higher, wall street is not going to want somebody in there thats attacking them every which direction. So i definitely think that it works in his favor and right now, it seems to me hes campaigning, right. Neil a lot of people are doing that. You know, one of the things he said, you touched on it too, he might really have his finger on the pulse of the American People regarding this whole turkey thing. There are a lot of military types, security types, who are frantic about how this helps isis, how the russians are involved. Most americans kind of agree with the president on we get involved in wars without end and no one, no one can pull out. Right. I agree with that. Its america first, in this case, we want to do our thing. We dont want to waste money, we dont want to lose our lives in other countries for unknown benefits and focusing here, for example, on letting businesses grow, the tax cuts i think were very good for markets, deregulation, thats encouraging more investment and financial activity in the United States, and i think a lot of people are happy with that. Just let us do our thing. Thats it. Neil yeah. We talk about the good economy, we talk about those who want to even make it better for themselves. Chipotle, the big mexican food eatery, wants to dramatically expand its drivethroughs. I didnt even know they had drivethroughs. But i guess theyre going to. And that thats going to really pick up. One of the reasons with mcdonalds, even though the latest Earnings Period disappointed, i guess, is their Quick Response time at their drivethrough. Chipotle must be looking at that. Right . Yes. I believe chipotle did the case study of about 20 stores or so and proved it was a great business model. I think its going to be great for chipotle. Its one of my favorite stocks as it is. We like to call it a honey badger because it doesnt care what the rest of the markets doing. Its moved higher regardless. Neil it has a legion of loyalists and drivethroughs are a big reason. I can remember long before drivethroughs became popular that they relied on just people dare i say walking in. And ordering stuff. What do you think of that . Yeah, drivethrough or at the counter, im just hoping they put the food born illness problems behind them. Those were disturbing because they were not all one incident but kind of unrelated, suggesting a systemic problem. Kudos to them if they have really gotten beyond that. Obviously it was a marketing challenge to persuade customers to keep coming and seems that they have. Neil i dont know if this is going to work for Christiano Ronaldo but hes reportedly bringing in nearly a million bucks every time he sends out a paid instagram ad. Thats more money than he made playing soccer. I dont know whether he would err on the side of, you know, a drivethrough chipotle with that. What do you think of that . Its just unbelievable. Hes getting more money off of this website or this thing on your phone than hes making through soccer. But this is showing the importance of information. People care about knowledge and people are now relying more on individuals to share their ideas, and if hes considered a trustworthy source, they are willing to say yes, he posted about this product, it must be true. I must buy it. Neil the ad that does it and hes of course, an international, you know, personality, but thats a lot, isnt it . Thats a lot of money based on that. It is. Thats a lot of money but being an influencer is a very real thing. Social media has completely changed the way that advertising works now. You have kids growing up now wanting to create their own youtube channel. You have Lori Loughlins daughter olivia jade didnt even want to go to usc. She wanted to be an influencer on instagram. Neil i thought she wanted to go into rowing. Let me ask you a little about that. We talk about the social media. It all kind of comes together at the end of the show here that the role of social media, the influence of social media, policing social media, the truthfulness of social media, thats where the action is, thats where a lot of people get their news, where a lot of people sort of find where the big bucks are. It is the ultimate arbiter, isnt it . Yes, in some ways this peertopeer starting out where we are going to leave out these third parties, at the same time, now, people are more and more worried that the peer platform, as in facebook, is now starting to police peoples ideas. So i think its this constant conflict. I actually, back in the olden days, was like oh, this is great, i can see cat videos whenever i want. True story, but, you know neil freeman had old videos of paul voelker raising rates. Oh, my god. My colleagues at the journal the other day had an interesting piece about how a bunch of marketers are starting to question the value of these influencer deals. Do we really get the payback on what someone has in a tweet or instagram post. Ronaldo might have hit the High Water Mark there. Neil im open to processed cheeses. Quick break here. Well be right back. If your gums bleed when you brush, you may have gingivitis. And the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Did you know that americans that bought gold in 2005 quadrupled their money by 2012 . And even now many experts predict the next gold rush is just beginning. So dont wait another day. Physical coins are easy to buy and sell and one of the best ways to protect your life savings from the next financial meltdown. [narrator] today, the u. S. Money reserve announces the Immediate Release of u. S. Governmentissued solid gold coins for the incredible price on your screen. These Gold American eagles are official gold coins of the United States and are being sold for the price on your screen. Pick up the phone and call americas gold authority, u. S. Money reserve. With nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, u. S. Money reserve is one of the most desing official Gold American eagle coins at cost for the incredible price on your screen. These governmentissued gold coins are official u. S. Legal tender made from solid gold mined here in america and fully backed by the United States government for their gold weight, purity, and content. Do not delay, call now to purchase your Gold American eagles for the amazing price on your screen. Gold is now on sale at prices unseen in years and this year could be one of the greatest goldbuying opportunities of all time call now while vault inventory remains. As one of the largest u. S. Gold coin distributors in the country, the u. S. Money reserve has proudly served hundreds of thousands of clients worldwide. Dont wait another minute, call now to purchase your American Eagle coins at cost for the amazing price on your screen. Neil these are some big names going to be reporting earnings after the bell. Ford, microsoft, tesla. Were a fifth, quarter way through the earnings process. And right now, most of them handily beaten estimates, top line, revenues, earnings front. That usually sometimes is the case as lot of these guys deliberately reach chet down ratchet down expectations. They talk about the optimistic scenario going forward. This quarter was expected a bit after contraction earnings. When all said and done might abdominal pickup. That was something our Charles Payne telling us about, before one of these came out. Thank you, charles. Charles good afternoon, im Charles Payne this is making money. Major indices clinging to slight gains. That is a major news how the Companies Posted negative earnings last night. Well explain why the market is hanging in there. Cryptocurrency, one of the nbas greatest players ever, Shaquille Oneal, weighs in on the nba china spat saying the rockets general manager was quote, right to tweet his support for hong kong. All that and so much more on making money