Transcripts For FBC After The Bell 20240713

Nasdaq 15. Almost every day. Here is whats new at this hour. On the stump in georgia, President Trump making his way back to washington after delivering remarks at the black voices for trump coalition, an event held in atlanta. Well bring you breaking headlines coming from the president at the hour plays out. Private exchanges unveiled. The house intel committee, releasing Interview Transcripts from what National Security official hose testified about President Trump. As Democratic Leaders ramp up impeachment probe. What can investors expect during the first public phase of the inquiry next week. Were live on capitol hill with that. Brazing for freezes temperatures. Forecasters warning of a sweeping arctic blast expected to sweep the nation in the next 48 hours. What you need to know on that this hour. Oh, boy, it its winter. From washington to wall street, blake burman live at the white house. Gerri willis at the floor of the new york stock exchange. Blake, kick it off for us. Reporter reversal at corner of wall and broad after comment made here at white house earlier this morning by President Trump. We heard from a couple members of the Trump Administration the last say or so, larry kudlow, top Economic Advisor and stephanie gresham, press secretary speaking to maria bartiromo. If there is a phase one trade deal between u. S. And china there would likely be tariff concessions. When the president was asked about tariff concessions today, he made it very clear when it comes to a complete roll back at some point, that is something he would not be in favor of. Well they would like to have a roll back. I havent agreed to anything. China would like somewhat after roll back, not a complete roll back because they know i wont do it. Were getting along with china. They want to make a deal. Frankly they want to make a deal a lot more than i do. Im very happy with taking in billions of dollars. Im very happy. China would like to make a deal much more than i would. Reporter u. S. And chinese negotiators are still trying to hammer out a phase one trade deal by next weekend which is when President Trump and president xi were supposed to meet in chile for the apec summit. When asked this morning if he would end up meeting with the chinese president this year, either at some point this month or next, President Trump would not commit to a time frame. Well see what happens. Well see what happens. Were getting along very well. They want to make a deal far more than i do. I tell you, they want to make it far more than i do. Reporter the president said if there is a phase one trade deal signing he would like to ha have it happen in iowa or farm country. He said it would happen here in the u. S. As we head toward the apec timeline that negotiators are trying to stick to, connell, melissa. It is very important to still note, especially with all this discussion of whether or not tariffs will be rolled back what size and scope, that President Trump and president she still do not have a deal to be signed off on just yet. Back to you. Blake, thank you. Connell lets bring in our market panel for today. Carol roth, future file legacy Planning System creator and jon hilsenrath, wall street journal fox business contributor. Jon, first to you. All the headlines, today the china headlines were not that positive. You can pick out headlines from the economy daytoday basis not that positive, maybe manufacturing is slowing. We have impeachment inquiry going on in washington. This stock market no matter what keeps going up. Records every single day. What do you make of the performance were seeing just for stocks . A couple of things. I think what the market is responding too right now it looks like were at least not escalating tensions on trade anymore particularly with china and the market is positive about that. They want to see at least some stability because it means stability for, for companies and Profit Margins and such. You know the one point i would make about, you know, we talk a lot about new record, new record in this stock market. In a growing economy, in a bull market, you should expect new records every day because the economy is getting bigger, it is growing. You know the fact of the matter is, the market, in the first year of the trump presidency, the market took off. It was up more than 40 . It was clearly a great rally, since jan of 2018. It has been a lot of up and down. The dow is up 4 since january 2018. So these new records are nice but theyre just kind of new highs after a long, long period of volatility. Connell of course depends to your point when, carol, you measure these things from. We had an awful december last year. Yeartodate numbers will look better because youre bouncing back from that. You could argue both sides t has been quite impressive in other ways. What would you make of the stock market, what would you say about it . Think of fundamental headlines, those have been quite good. If you think about companies who reported to date, three quarters beaten earnings. Consumeer sentiment was strong. 70 of the consumer going into the holiday season. I think projections for the Fourth Quarter could be low and now we have economists projecting acceleration into next year, as jon said we dont get escalation what is going on with china, you are status quo. It gives companies enough certainty to make the invests. If you put that all together, that is pretty rosie picture even though everybody hates it so much. Connell back to you guys in a moment. Look at weekly numbers after a record close on this friday. Wall street, gerri willis. It wraps up, three weeks in a row now where the dow has been in the green, right . Reporter unbelievable, connell. Taking a licking, keep on ticking. Dow is up three weeks in a row, barely squeaking in. S p 500 up five weeks in a row. Nasdaq up six weeks in a row, you have got to love that. Talk about a couple stocks. Cillo reporting earnings, beating bottom and top lines. Eps was a loss, less than people expected, 12 cents loss, versus 21cent a share. Here is the big headline everybody paying attention out of the earnings report. Their home flipping business, remember that is expected to generate as much as 1. 25 billion a year. You have to figure, at least hope this is not oldfashioned business home flipping. That this will be okay. Talk about disney for a second, the Company Really the stock of the day, beating on both top and bottom line. Doing very well here today as traders focused in on company and business. They reported a really Strong Performance from parks. 8 . Studio entertainment was up 52 . Also they announced Disney Police distributed by amazon fire tv. A lot of good news coming out of disney. Traders really like it. They like the fact that iger is building their own steeling business, rather than buying it from somebody else. Big day for disney. We managed to squeak out big gains for all indexes. Back to you. Connell nice close. Gerri, thanks. Melissa despite disneys very strong Fourth Quarter we managed to find a little note of concern. The media giant says if hong kong political unrest continues it could wipe out 275 million in theme park profit. Carol, you know i would lump in there, visitors in hong kong plummeted 37 in the third quarter. That is according to the city. So this is having a huge impact on the city. What do you think, what does that do to both sides do you think of the fight in hong kong . You know, certainly i think in terms of the stock it is an okay thing for the stock, the valuation, seems to be taking that into account. It is very diversified business. I think from a fight between hong kong and china, they certainly dont want, from a hong kong standpoint to be in a recession. This is something very important to them. So i certainly think that chinas going to use this as potential leverage. But from our perspective, here in america, people who are looking at the stock, i think that this is something the market is taking into account already. Melissa jon, what is your take . I would say two things. One about disney and one about china. On the disney front, the nba got a lot of flak a few weeks ago for not coming to hong kongs defense. Vice president pence went after them. You know, i would point out that bob iger was at a wall street journal conference a week or two ago and was asked about hong kong and he didnt say a word. Melissa oh, that is interesting. He said he didnt want to go there because it could affect company profits. This is exactly what Vice President pence was talking about. What about speaking about American Values . You know, about the hong kong people and freedom. You know the nba got called out for it. Disney didnt. Maybe they should. That is one thing. Melissa that is interesting because he is a an outspoken liberal on some things. People said he should run for president , all this stuff with bob iger. Youre right he sidestepped the hot potato, youre the first person to call him on it. We asked him about it at our conference. He said basically he didnt want to go there. The other thing i would say about china is, you know, if i were china and looking at hong kong right now. I would say i would take that as a warning sign. Look what is happening to this very valuable global asset. You know, china is basically taking the goose that laid the golden egg, theyre strangling it. If you see that what is going on with disney theme park. Melissa very good. John, carol, thank you for your insight. Good stuff. Connell i hadnt heard that from anyone really. Melissa i will put that in my back pocket. Connell exactly right. Opening the door meantime to maybe running in 2020, former mayor of new york Mike Bloomberg is eyeing a potential run for the presidency as Elizabeth Warren doubles down on her plan to tax wealthiest americans. What it means for the white house race, the future of the Democratic Party. Thats next. Melissa get red to pull out your winter coats. A arctic blast is ready to blanket nearly 70 of the u. S. Forecasters are expecting to break nearly 170 records. What you need to know to stay warm. That is coming up. Connell we do it all. If you need Holiday Shopping inspiration i i want to stick around for this. We break down oprahs holiday gift guide. The gifts start at 12 apparently. That is later in the hour. Exactly. 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Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on alexa added ukulele to band shopping list. nationwide jingle 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. Connell this is really a potential shakeup in the 2020 race for president. Former mayor of new york Mike Bloomberg is preparing maybe to enter the race for the white house as a new poll out reveal majority of democratic primary voters in key swing states would prefer a moderate nominee. Hillary vaughn in washington with the latest on all of this. Reporter connell, Michael Bloomberg has not officially entered the 2020 race but he is racing to get his name on ballots in early filing states like alabama and joe biden, his potential opponent is doing the same thing today in new hampshire. Officially filing to put his name on the ballot in the first primary state. While doing so, biden told the press he is not bugged by bloomberg being on the ballot. Welcome in the race. Michael is a solid guy. Well see where it goes. I have no problem with him betting in the race and in terms of, he is running because of me, i last polls i looked at im pretty far ahead. Reporter warren is not welcoming him to the race. Warning voters about his 52 billiondollar net worth. I dont think that big money ought to be able to buy our elections. And thats true whether were talking about billionaires or Corporate Executives that fund pacs or big lobbyists. We need a government that works for the people. Reporter Bernie Sanders is hoping to cash in on a billionaire in the race. Sanders firing off a fundraising plea to his supporters writing this, quote, why is this happening . The truth is because Mike Bloomberg and his friends in the financial elite are scared and they should be but the other billionaire already in the race, President Trump says he wants a headtohead matchup in 2020 against Michael Bloomberg. Little michael will fail. He will spend a lot of money. He has got some really big issues. He has some personal problems and he has a lot of other problems but i know Michael Bloomberg fairly well, not too well, farely well, well enough. He will not do very well and if he did i would be happy. There is nobody i would rather run against than little michael, that i can tell you. Reporter in order to win it he has to be in it. Michael bloomberg has three months to win over voters before the first vote in the president ial primary. Connell little michael. Hillary, thanks. Hillary vaughn. Melissa. Melissa here to react to all of that, gianno caldwell, fox news political analyst, author of a new book, taken for granted. What do you think, do you really think he is going to run . Just because he is in there, he laid down the marker in alabama, im preserving the option sort of how i would read it. What do you think . Well we know from what was reported in the news previously that democratic establishment, number of individuals within it were concerned that the current group, the current flock of candidates wouldnt be able to beat President Trump. Although the polling suggests otherwise i do agree. When you think about President Trumps campaign style, how he can rally a crowd, how he does have 95 Approval Rating within the republican party. All you need to do get independents, competitive in swing states it makes sense. Theyre looking for someone that will bring enthusiasm to the table, and Michael Bloomberg certainly does that. Melissa it is so interesting because every democrat who comes on says trumps underwater against all of these candidates. He cant beat this one, cant beat that one, look at polls. Polls dont vote. Melissa obviously theyre in a panic because Michael Bloomberg is coming out here. It is interesting what Bernie Sanders said, similar to what New York Times said, i think we have the headline, billionaires are getting nervous. Bill gates and others warn of higher taxes would lead to lower growth but they have their facts backwards. He is saying theyre scared of Elizabeth Warren, theyre scared of Bernie Sanders. He is running to save his money. Do they have their facts backwards, that higher taxes would actually be good for the economy . Yeah. I dont know where, in whose mind that makes sense where you can raise taxes and people would be willing to spend more. As you know, even in the 2016 election when trump was able to announce that trump was going to win we saw what happened in the economy, saw what happened in the stock market. Truthfully speaking no matter trump or another republican, there would be some stability within the economy because they know with republicans, youre going to see lower taxes, you will see stability. With democrats, if democrats were to win in 2020, the economy will probably go into the tank. I really do believe that. Melissa you know i want to pull a little bit from your new book, taken for granted. If we look at Michael Bloomberg one of the things i heard during the day today joe biden polls well with africanamericans. That Elizabeth Warren does not. And that Michael Bloomberg, while he coming into the race seems like he would take the most votes for joe biden because theyre kind of centrists and maybe old white guys, he like warren would never appeal to africanamerican voters. What do you think . Well the reason why joe biden is actually been able to stay in the race thus far is because of the voters in south carolina. As you know in the democratic primary africanamericans, really in the Democratic Party in general, africanamericans are the blood, sweat and tears of the Democratic Party. So while they have this, a lot of africanamericans have emotional attachment to joe biden only due to barack obama, i think it would be difficult for other candidates to peel off that support, although Elizabeth Warren has begun to peel off some support. Melissa really . I dont think she can do it in a way a little bit. There is polling showed she had been able to get some. Im not saying a big chunk. Im saying some. But joe biden is certainly candidate mostly has africanamerican support. That would be difficult for some of these other candidates to pull off. Melissa thanks for coming on. Congrats to the book. Thank you for having me. Connell bracing for impact, members of congress from both sides of the aisle making preparations for next week when we have public impeachment hearings. Well break down what we can expect in a moment. Look who is talking now. President erdogan out with provocative comments days before he meets President Trump for talks at the white house. What he said, what it means for u. S. National security later in the hour. Are. 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℠ brighthouse financial. 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Connell shake up on capitol hill as gop leaders are moving republican congressman jim sword over to the House Intelligence Committee ahead of the public impeachment hearings for next week. Chad pergram is up on capitol hill. Well talk about jim jordan in a moment. We are looking at transcripts. We saw a couple of a Lieutenant Colonel vindman and a staffer. Right. Connell what are we learning, why are they important in the inquiry . Vindman is important because he was on the tell call between President Trump and leader of ukraine, vladimir zelensky. He has direct custody. Some of his interpretations of the phone call played a essential role to people as they interpret what happened to ukraine. He was concerned about locking down the phone call afterwards. He was also concerned about what he perceived as an effort to get favors done here, to try to initiate an investigation into the bidens. And vindman also testified that he saw later, you know, some information and some queries with the office of management and budget regarding the potential of holdup of aid to ukraine that struck him as odd. Fiona hill, we got her transcript today as well. She testified about 10 hours in the middle of october here and republicans will seize on the fact she doesnt have direct custody of the phone call or anything like that but what she was doing in her testimony, connell, interpreting things that john bolton, former National Security advisor said and i will read you a couple things here. He said bolton accused the u. S. Ambassador to the European Union and gordon sondland, Mick Mulvaney acting white house chief of staff who was due for an interview, he did not show up, cooking up a quote drug deal to get the bidens that is the term of art she says john bolton used. Also bolton said Rudolph Giuliani who became involved in ukraine policy was a quote, hand grenade. Those are two big pieces of information that came out of the transcripts from Alexander Vindman and fiona hill. Connell talk about jordan. Jim jordan is on television all the time. He doesnt wear suit jacket. He is very outspoken. Putting him on the intel committee. I saw you writing about him. Almost like a sporting event that a key substitution could change the dynamic in couple ways, right . Important that House Speaker nancy pelosi kept this in the purview of the Intelligence Committee she was trying to get from her Vantage Point in best matchup. She lost confidence of jerry nadler the chair of the judiciary committee. She put it under aegis of adam schiff, california colleague who she has a lot of confidence in. That committee will have open hearings next week. She was essentially blocking jim jordan, ranking republican on the Oversight Committee having a role. What republicans did today, they had a resolution on the how floor to get hill installed on the Intelligence Committee and House Speaker nancy pelosi could have objected, or blocked it. She did not. Republicans getting best matchup on the field too. Connell matchups. Chad, thanks a lot. Chad pergram on capitol hill. Melissa will be a big week. Connell yes it will. Melissa setting up a major clash. White house and how Speaker Nancy Pelosi are trading fire over a proposed drug pricing bill. What the titfortat could mean for your wallet. That is next. Connell if you ever wondered what it might be like to sleep amongst the stars, you might be in luck. It could be here sooner than you think. All details coming up on that. Melissa i will make a prereservation. Bad news for brickandmortar. Parent company of kmart and sears closing 96 stores by the end of february as part of bankruptcy filing last year. 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Every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a companys growth and gain new perspectives. Thats why we go beyond the numbers. T. Rowe price. Invest with confidence. Melissa far from common ground, the white house slamming House Speaker Nancy Pelosis plan to lower Prescription Drug prices, calling her bill, quote, unworkable and hyperpartisan. Meanwhile the bipartisan grassleywiden bill is facing uphill battle in the senate. Here is dan mitchell, center for freedom and prosperity chairman. First, can you break down for me Nancy Pelosis bill, whats wrong with it . Because she says that she is going to be able to save medicare 345 billion. All it does is give medicare the right to negotiate with pharmaceutical companies. Basically what is happening is pelosi and others are looking at other countries seeing that they pay lower Prescription Drug costs. Well the reason they pay lower Prescription Drug costs they impose price controls. That is frustrating in effect the American Consumer is the one underwriting all the research and Development Costs for the pharmaceutical industry. So pelosi says, lets basically import those price controls into the United States. The short run, that is bad for our consumers because well probably begin to be denied access to some drugs but in the long run, this is what worries me the most, who is going, who is going to underwrite the research and development for life saving drugs in the future, things like alzheimers, cancer, so forth . Price controls are simply not good policy. Melissa no but at the same time we dont want only ones to pay for it, what do you think of the other plan to that was put forward . If some other way in effect, require foreign countries, as a result of freed trade agreements, not impose price controls of all cost of research and development on to American Consumers, that would be a good outcome. It is not easy to force other countries to do this. This is the boring economic thing. The actual cost of producing a drug, once youve done all the research and development is re low. It is still worth it for the Pharmaceutical Company to sell very low cost drugs to france but again were talking about the future if we want new drugs, new technology, new cures, if we have global price controls, which is what pelosi wants, that is going to be, who knows what illness i will have in 20 years. I want a free market so there will be bet you are cures, better medicine, better technology. Melissa the truth when you take the profit moat if iitve it wone happy. What do you think of grassleywyden bill . Anything is better than what pelosi has in mind. Obviously when you have a bipartisan bill, grassley and widen, they will cut the baby in half. Pelosi, i dont agree with trump on a lot of stuff, that he says pelosi is taking a partisan route that would ultimate thely have negative effects on the health care system. Melissa while youre here, democratic president ial candidate Pete Buttigieg proposing free college for all americans earning under 100,000. The part of the plan that will cost more than 2 trillion in the next 10 years. It is so funny, a middle ground. A lot of people say the problem with free college, why do we want everyone to subsidize free college for rich kids . If parents can pay for it, they should. So he is trying to say, well, were going to make it free if youre, you dont make, make under 100,000. What do you think about this one . Here is the challenge with that proposal. Anybody who goes to college is going to earn more money, at least on average that people who dont go to college. So the taxpayers of america, sort of over time are going to be transferring money from lower income taxpayers to upper income taxpayers. I dont like redistribution in general but what is really offensive . Using government power to take money from poor people, give it to people who are richer. Not the mention the fact this will exacerbate the Third Party Payer problem. The reason college is so expensive because of government subsidies. College administrators pocket all the grants and loans. They fatten their bureaucratic payrolls, things like that. Jack up tuition. And students are on a treadmill. Simply having more subsidies, i dont know, mayor pete, i guess, instead of being the moderate that he originally claimed to be, he just being Elizabeth Warren light. Melissa he is only spending 3 trillion. She will spend five zillion, gazillion dollars. That makes him somewhat more moderate. If colleges bear the loss for stuff not paid back. Rather than the taxpayer or student. The university sold a degree which by definition was not worth what you pay for it not paying back money later. They should take the loss for the school. Give colleges skin in the game. They cant automatically pass on costs to taxpayers and students. Melissa that is the answer. Dan, appreciate your time. Connell california rising from the ashes almost all of the California Wildfires are now contained. The state though remains at a highrisk as we mark one year since the worst fire in california history. To Claudia Cowan on the ground in paradise, california, with more. Reporter to mark the days anniversary hundreds gathered for the opening of a new recovery and assistance center, while 85 flags line the main drag here in paradise. Its a dramatic memorial to the 85 people who died in the campfire one clear ago. 90 of the city of paradise burned to the ground. Resilience is incredible as the town literally rises from the cashes, one house, one business at a time. We have over 200 businesses reopened in the last year. Before that i want to say we had maybe close to 2000. So it is not a huge percentage but it does show a commitment and a resiliency for our town. Reporter of the 11,000 homes that were lost, nine have been replaced. May not sound like a lot, but it often takes a year to build a house in the best of circumstances. Here theyre dealing with cleaning up debris, getting permits, finding contractors. Upgrades in town will eventually include underground power lines and a sewer system they have been trying to get for years. The mayor says the new paradise will be state of the art, built to the highest standards to prevent another inferno. Improvements that she believes will fuel the repopulation. I would expect six or seven thousand people to live here in two years. That is just going to keep growing. Everything that is built is brand new. The town will be beautiful. Other people will want to move here. Reporter city leaders estimate 4,000 people are living in paradise. Most are in trailers on their property. That is way down from 26,000 here before the fire. By the end of the year 500 homes should be in the process of being built. A number of event here today are celebrating the towns moving forward while also paying respects to those who died. Its a bittersweet anniversary here. Back to you, in new york. Connell Claudia Cowan for us. Melissa playing hardball. Turkish president erred erdogan sending a stern message before his facetoface with President Trump. What the move could mean on the world stage. Fierce temperatures, what you need to know about the arctic blast taking aim at the u. S. Youu want to make the trade . Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. They can help gut check your strategies and answer all your toughest questions. Sounds perfect. See, your stress level was here and i got you down to here, ive done my job. Call for a strategy gut check with Td Ameritrade. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on and with the sXfinity Stream app, screen is your big screen. Which is free with your service, you can take a spin through on demand shows, or stream live tv. Download your dvrd shows and movies on the fly. Even record from right where you are. Whether youre travelling around the country or around the house, keep what you watch with you. Download the Xfinity Stream app and watch all the shows you love. Connell not backing down. The turkish president reseparate erdogan said turkey would not withdraw troops from syria until other Companies Pull out. As he gets ready to see President Trump at the white house. We have john hannah, senior counselor for the defense of democracy. John, always good to see you. Erdogan is coming to the white house. What do you think of these comments . There are number of other countries we can show you the countries that have troops in syria. Turkey leading the way, russia, iran and u. S. Troops that havent left. What do you think of erdogans comments . Unfortunately he is right, those troops are going to be there for some period of time. President trump ceded the safe zone so erdogan a month ago. The only player with real leverage to get erdogan out, probably vladmir putin, not donald trump. Connell they have more troops there certainly as we showed you. The meet next week at the white house, what should we expect . There are two parts. Is it a good idea to meet with President Trump to meet with president erdogan at white house and what should we expect . What should he say . I have a real problem with it, erdogan even though he a nato ally he has been on a tear hurting u. S. Interests. We had the crisis in northeastern syria where he said his troops were going in regardless whether the u. S. Liked it or not. He has bought a very advanced Russian Air Defense system against u. S. Wishes. Hamas, the Palestinian Terrorist group, has got an operational hub that works out of, out of turkey. Weve got all kinds of problems with the turks. I dont see how they have actually won themselves a, another meeting at the white house. Connell that will happen though, wednesday i believe. While youre here i want to go with another part of the region, rockets fired at iraqi base houses u. S. Troops in the last few hours from what we understand. A lot of protests in iraq. It has been going on the last six weeks. I dont know how many people know about it. 250 demonstrators have been killed. Crackdown on by Security Forces opened fire on a government building in basra, killed four, injured more than 100. What should americans know about what is happening in iraq right now . Well one thing, that, as you said i think this is probably one of the most unreported stories on the face of the planet at this time. The importance of this is hard to, to overstress. These protests by predominantly shiite iraqis have at their core an antiiranian purpose. Iraqis are fed up with iranian interference with the irgcs domination of iraqs politics through their military and political proxies that control the iraqi government. If this revolution is successful, it will be, connell, a fatal blow against that Islamic Republic regime in iran, not only crippling its efforts to establish a land bridge across the entire Northern Tier of the middle east, but it could genuinely inspire iranian shiites to rise up against that islamic regime in tehran. Connell do you think that is legitimate concern for the regime there, a similar uprising, a spreading of this . There is no question they worry bit, shortcircuiting their plans to dominate the middle east. More importantly they see this as existential threat to the integrity and legitimacy of the iranian theocratic regime itself. There are huge stakes here. Theyre prepared to kill a lot of people in iraq if they need to save their position. The Trump Administration really has to wake up both to the enormous opportunity that exists to deal a blow to the iranians but to provide support to these protesters and make it clear through diplomatic and political means that iran will, and the iraqi government, if they go along with iran will pay a huge price here. Connell well watch maybe even closer than we have been what is happening in iraq. John hannah, thanks for coming on. We appreciate it. Thank you, connell. Rewarding unlawful actions. New york city is offering array of gifts like baseball tickets and gift cards to accused criminals in a bid to get them to show up in court. This is according to the new york post. The 12 milliondollar perk program will take effect on january 1st. Will the plan backfire in the big apple . Who better to ask, than our own david asman. David, this remind me, in the Public Schools they were doing a, in certain neighborhoods a giveaway to an ipad for parent who showed up to Parent Teacher night. At least parents are not accused criminals. Another gift theyre giving accused criminals, cell phones, sell phones, to people accused of doing drug deals. This is our tax dollars at work. That is why so many people are leaving new york. That is why i think, by the way, the new york police commissioner, jim oneill, who is a pretty fine fellow, announced that he is leaving yesterday, he announced he is leaving as police commissioner. He is being replaced by a good guy but the point everybody is throwing up their hands where does this lead . I love those little letters after articles like this appear in the new york post. One of them said, sweet jesus, whats wrong with this system . There is something wrong joe arpaio, the great sheriff from arizona used to say when he was criticized for tough jails he doesnt like criminals to be treated well. He likes them punished so they wont come back again. It is getting awful. It is crazy here. Melissa what do you have coming up on the show . Art dell cueto talking about Bernie Sanderss new immigration plan. Wait until you hear the details about this. Melissa thank you, david. See you at the top 6 hour. Connell one for the record books. 70 americans phasing freezing temperatures with the arctic blast across the United States in several days. Foxs Rick Reichmuth on the plaza. Not as bad yet. But it is coming. Be really glad when the air mass coming now than in january. It would be a heck of a lot colder in january. Now it will be feel cold because theyre not used to it. Look at the weather map. Temperatures cold on eastern 2 3 of the country. Current temperatures afreezing across minnesota, wisconsin, chicago. Were about 20 degrees warmer than you were yesterday across all the high plains. The cold air moved in across areas of the east. Over next number of days. Get ready well see bouts of cold air coming in. Tuesday, wednesday, record breaking across the eastern part of the country for this time of year. Connell . Connell get the jackets out. Melissa looks chilly out there. Connell a little bit. Not too bad here. Melissa just in time for the Oprah Winfrey favorite things list. Were bringing all the details of her 79 product gift guide. In just a few years your next vacation could be in outer space. What you need to know, after the break. Does your broker offer more than just free trades . 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. There are zero reasons to invest anywhere else. vo thewith every attempt, strto free itself,piders web. It only becomes more entangled. Unaware that an exhilarating escape is just within reach. Defy the laws of human nature. At the season of audi sales event. Sometimes, they just drop in. Obvious. 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. 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. 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. Hour 36 in the stakeout. As soon as the homeowners arrive, well inform them that Liberty Mutual customizes home insurance, so theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Come on a fox business alert on iraq. The pentagon released a statement about the iraqi base that houses u. S. Troops for the department of defense saying quote no Coalition Troops were injured in the attack and iraqi Security Forces responded immediately and are investigating. No Coalition Troops injured and ill update you on that. Opera releasing her 23rd annual favorite things in some of the items wont break the bank. Jackie deangelis is here with the details. Good afternoon melissa. Theres 79 get someone as an on line exclusive. Michelle obamas book is coming but i dont get people look so i went through all the categories. My favorite lets go through them in the Beauty Department the extracts files that. Who doesnt need this . Its like good smelling in the wintertime. 150 bucks plus 20 off at the oprah code. The cozy category matching christmas family pajamas. Who doesnt want to wake up in a folgers commercial on Christmas Morning . We all wear the plaid pajamas we hug and open gifts. 20 off at that code. The foody category crumb cakes. They are 68. 20 off. Seems like a lot for a crumb cake that ive been known to e a whole creme cake at a holiday dinner much to my mothers dismay. It might be one to look into. Stylish category, vegan leather coat 95 bucks producing ladies carrying them all over the city. They are like the cheaper version of the knock off but a great bag to throw things into. And the tech category sounds like a peloton to me for just under 2000 bucks and 20 off. Im not sure how much riding im going to be doing in the new year but in the kitchen category i dont even know where that rim is in my house. Finally, family. The fabric shaver. You know how sweaters get the pills on them and this gets the pills often look brandnew. They had bandannas and callers and i didnt like either one to take a look. Melissa that was excellent. I like your pics. Yeah good work, thank you. Connell be out of this world vacation you can rent a room in a space hotel and enter teller space station. This could be real. Gateway Foundation Company developed the outer space hotel. Set the opening day for 2025 which according to another news story i read could be the early days of the kanye west presidency. Melissa is there any idea how we are getting there . Connell conway will figure it out. Have a great weekend and thanks for joining us. David what a way to end the week brandnew record close. We made out the average is today in strong earnings and enthusiasm about a trade yella china continuing to drive stocks ever higher. Hes not going to do well but i think he will hurt but he doesnt have the magic to do well. Theres nobody id rather run against. Little michael of course is Michael Bloomberg. New action from the president and 2020 democrats candidates tonight to reports we brought you last night life breaking news right here that former new york city mayor and billionaire Michael Bloomberg is preparing to enter the 2020