Transcripts For FBC Cavuto Coast To Coast 20240713

Around in the dow. From down 150 points to down 44 points. 737 has been dedevilled by safety related issues. Boeing has a backlog across all major carriers on the planet pretty much. Just shipping them to those carriers does not mean they will instantly fly, but it says it is ready to make them fly. Of course a lot of people to write off on this. More people are buying on this. Asking questions later about it. Keep you posted on pretty dramatic developments for boeing. What will be a big test for markets, probably our patience, both sides on capitol hill bracing for what is highstakes public impeachment hearings that could dictate the course of trading. Up to now, really hasnt. Most on corner of wall and broad dont think anything will come of this but you never know. Hillary vaughn with the latest what to expect, who to expect beginning on wednesday. Hillary . Reporter neil, democrats handpicked three witnesses to bring in front of cameras this week to question hem in public to try to get answers they have been trying for behind closed doors and get those answers on the record for everyone to see. Wednesday, ambassador by tailor, the top diplomat in ukraine, and george kent a state Department Official will testify friday. Marie yovanovitch, a former ambassador to ukraine will testify. We have seen transcript what is they said in closeddoor hearings. Republicans are pouring over transcripts bringing out points they want to bring in phase two public testimony phase. The q a will last 90 minutes. Republicans and democrats will get questions in. The big question, will republicans get their witnesses in . The gop requested 10 witnesses to show up as part of the public testimony phase, including hundreder biden his Business Partner at burisma, devin ard cher and whistleblower righted in the complaint. Democrats have the ability to block all these witnesses. They vetoed some of them, House Intelligence Committee adam schiff calling the whistleblowers appearance redundant and unnecessary. This morn the president is accusing schiff of doctoring transcripts leaking out of closeddoor testimonies. White House Press Secretary Stephanie Grisham says democrats continued to deny the president due process. There are public hearings starting this week. Clearly they will not be public, because we dont get anybody from our side to tell our side of the story. Reporter tomorrow the president says he may release a decisional transcript of a additional phone call he had with president zelensky of ukraine. That is in april before the july 25th phone call. We dont know what is in the transcript but what is in it will certainly shape what plays out live on wednesday. Neil . Neil hillary, thank you very much. Hillary mentioning the number of republicans who want a certain number of witnesses there. Hunter biden, devon archer, who is the former board member of burisma holdings, key biden Business Partner as well. Pretty clear from the tone youre getting out of schiffs office those two are not going stock testifying. Has yea or nay. Unlikely he would not al those two. The other six, that is debatable. Still early. The open hearings continue on wednesday and friday. Jared levy on all the fast moving developments but jared, if you dont mind i would like to tap your piloting skills, because i know you are a pilot, and youve been following closely the news on boeing and it will release a lot of 737 maxes to fulfill orders with commercial clients. Now the question is will that thing be able to fly . They have to go on this together and with government approval, right . Yeah. You would be sort of foolish as boeing to make announcement or a target date, you will release planes pack to customers without having sort of initial approval by the faa, european regulatory administration. Because, again, i mean remember, like you said earlier without those blessings if you will, these planes cannot fly or carry passengers. So im confident. If boeing says they make a statement the planes will return to service likely around that time, unless there is a hiccup. They have been testing quite a bit of time. My sources says they have a fixed set. It is question of implementing it all the aircraft, making sure everything is good with the faa another quick point, up until this incident, a lot of approvals were done in house by boeing. Remember boeing was regulating a lot of their approvals. So now you had faa come in there. Weve got a third pare, if you will, looking at things. So, i think were on track. Im looking forward to it. I believe those planes will return to service, more february is my target. Neil all pilots on Airlines Need special traneing. American airlines, taking about american carriers have had the training not so much as to the degree as foreign carriers and pilots from those planes. So everyone has to be writing off on the same page, almost at the same time, right . They have to. That becomes a part of standard protocol. You have the initial training when you become what is called typed in aircraft. Different training is for every different airline. Potential devastation it could cause this would be first and foremost what pilots need to learn in the type rating. This is type rating certificates. They will have to know this, addressing this issue. So yeah, it will become first and foremost. Neil quickly on your thoughts on the unknown of these impeachment hearings where they go, beginning on wednesday with the first open bunch on friday, we dont know what the landscape looks like after that but does this enter into your investment strategy, worries, any of the above . I think part of us, right, we have to assume a at least small probability trump could get impeached and potentially convicted, right . Clinton they drug the thing on for 11 months or so when he was in office. I think what is really going on here, is that, you know, democrats, right ahead of the election are really trying to just get as much dirt out on trump as possible. They want to grandstand. Gaining edge in the polls. I dont as a trader put a lot of stock, pun intended into the hearings that are coming up this week because we know a lot of the facts. Now if there is a surprise completely out of left field, that could change things. Im assigning a slight bit of risk. Not too much. And i dont think trump will be impeached and convicted before election day. The timing is poor but i dont think will happen. Neil impeached in the house, but it wouldnt go anywhere in the senate . Correct. Neil jared, thank you very much, my friend. Appreciate it. There is a little bit of class war far if you hadnt heard. Rich are under fire, very rich under fire. Jpmorgan Jpmorgan Chase jamie dimon latest to speak out . I think its a huge problem, the wealthy gained too much in many ways, middle class incomes have been flat 15 years or so that is not particularly good in america. S that year you were paid 31 million. Too high . The board sets mine. I have nothing to do with it. You could return some of it. I could. Would will that resolve any problems. I dont know. Anything that vilifies people i dont like. Neil real clear politics associate editor, a. B. Stoddard. It is fashionable to bash the rich. Some like jamie dimon are bashing back or trying to. Where is this issue . It is interesting, when you listen to fundraising woes on the democratic side, a lot of investors telling party stalwarts, look if Elizabeth Warren is the nominee, well sit on the sidelines. She is very scary, medicare for all. That has resonance. Medicare for all, i think if she didnt get the nomination it will be because medicare for all. She is telling 200 million americans she will take their private Health Insurance away. It is very unpopular. Union democrats, a lot of voters she would need to win the general election. She is seen too radical with that proposal. When you mix in a wealth tax, that could be a good line. When you listen to mr. Dimon, he is obviouslying the politically popular thing, wage stagnation and income inequality is terrible but he has no solution. He doesnt want a wealth tax. Wealth tax, 2 cents on dollar for those 50 million or over, including assets, that is very popular. I dont think she will make it to the general election. Warrens proposal is popular among democratic voters but among swing and republican voters. Why . Because they are very upset about this issue. It is getting worse every year. Theyre very willing to tax the wealthy. Weve seen that in polling since obama. President trump ran saying he would tax the wealthy and help the middle class. His tax cut was a bust for the middle class. It is really resonant issue in the general population. I dont think warren can actually get to the general election with all her pieinthesky proposals. Neil might be more anecdotal, the feeling, ab, i get a lot of feeling youre a billionaire. You have too much money. Has to be a way taking money from you. Bernie sanders says, outlaw billionaires. Paraphrasing, we dont really need them. Obviously you do. They pay for a lot of things. They provide a lot of jobs, opportunities, Investment Opportunities for a lot of folks, their counter to that, going after them isnt the problem. Looking the way washington spends money is the problem first. People like bill gates seem to be open to paying more. In that interview he seemed opening paying 10 billion in taxes to 20 billion, he seemed to draw the line at 100 billion. Theyre upset. I wonder if any average voter cares . The average voter doesnt really care so much about billionaires. There is actually, Political Support that the democrats need in a battle against trump. Extremely wellfunded. Continues to raise money like a house on fire. Her rhetoric vilifies success. It is unpopular with democrats, whitecollar democrats. Neil will she even take money from them . She es eschewed that for now, but she took money running for senate. Huge advantage. The dnc is broke. The rnc is plush. The Trump Campaign is flush. This primary will go on very long and leave the democratic nominee very vulnerable without the ground operation in the swing states republicans have and without the money. Her idea of walling off that money, as i said turning off democratic voters who supported president obama or hillary clinton, it will be a disadvantage should she become the nominee. If you mix all of her proposals together, as i said even the wealth tax can be popular in many quarters, it prevents her from becoming the nominee. People think she is not electable. Neil some of the more iconic and successful stories hold up, talking about Franklin Roosevelt, john kennedy, were on paper the richest president s we ever had. I guess depends on your perspective. I dont know how she has allowed herself the flexibility to pivot back. Maybe she would soften the wealth tax and work with bill gates like she said on twitter she wanted to in a general election but i dont know how she walks back medicare for all. That is frightening her own base of supporters before you get to billionaires or the general election. The general electorate. I think she has a lot of problems to fix. In the way she outlined these things, hardline she is taking, i dont know she gave herself wiggle room to get money from rich democrats in the general or get voters in the rust belt, who worked their whole lives to have nice private insurance to hold on to. Neil they dont want to let that go. Thank you, neil. Neil violence and bloodshed, at least one person dead in hong kong with the latest protest and now we have them seeping into the trade talks . Yeah, after this. One of the products i helped develop at 3m was a more secure diaper closure. There were babies involved. And they werent saying much. Thats what we do at 3m, we listen to people, even those who dont have a voice. We are people helping people. I am royalty of racing, i am alfa romeo. Wheeveryone is different. Ta, which is why Xfinity Mobile is a different kind of Wireless Network that lets you design your own data. Choose unlimited, shared data, or mix lines of each and switch any line, anytime. Giving you more choice and control compared to other top wireless carriers. Save up to 400 a year when you switch. Plus, get 50 off when you buy any new lg phone. Xfinity mobile. Click, call or visit a store today. Neil i bet you thought it was only amazon who whipped up sales like this. It is the worlds Biggest Online shopping event of the year. It is not amazon. Talking about chinas alibaba, breaking all sorts of records. Already bringing in over 38 billion in sales. Susan li, here to break down the numbers. Incredible. Reporter incredible. I like how you say alibaba. Biggest shopping event on the planet, single day, 10 times bigger than amazon prime day. Alibaba said they sold record 38 billion, 38 billion dot of the dollars worth of goods in 24 hours. 25 more than they did last year. More celebrities like taylor swift performing and Kim Kardashian doing a live stream of her product. That got goods flowing with over 1. 2 billion delivery orders. What sold well for alibaba . You see there, 30 billion or so. Basically iconic American Brands did extraordinarily well. That is what they told us at fox business. Were hearing likes of apple, nike, top five brands bought along with domestic chinese tech names like huawei and xiaomi. There were concerns that chinese consumers would boycott American Brands amidst of the ongoing u. S. Intense trade war. Numbers were surprising given a slowdown in the chinese economy as well. We saw the slowest gdp in 30 years at the start of the quarter. The start of this year showed the lowest gdp number in almost a quarter of a century. That is way off the 9 growth rates a decade ago. When there is a bargain, there usually are, during singles day, shoppers go right in. Neil you were telling me, really is for singles. Reporter oh, yeah. Neil not all buying done by singles. Just a marketing hook . Reporter it was started because you have to treat yourself, even if you are single. Neil that makes sense. I get it. Thank you very much, susan. Violence in hong kong. It is escalating. Already one man shot. Another set on fire. So forget about the recession. Is this now allout war that hong kong must deal with . Fox newss greg palkot has the latest. Greg . Reporter it is getting worse and worse, neil. We watched it on the ground at various point this year t was nasty. One description this is the worst day of violence yet that hong kong has seen. One incident, which is getting a lot of attention, policemen wrestling with a protester. Then another protester approaches him. He shoots him basically pointblank in the chest. This man is in the hospital now. He is in serious condition. Along with another man who reportedly was angry with protesters, who then doused him with apparently flammable fluid. They set him on fire. All this set off a new round of flashes across hong kong, today, into tonight. This prodemocracy protesters battling with the police, molotov cocktails being used. Tear gas, pepper spray, rubber bullets. This helped along after a young man who fell during a protest last friday, died from a brain injury, just in the past 24 hours. Again fueling flames literally, and figurativelily, neil. For her part, we heard from embattled beijing backed chief executive hong kong, carrie lam. She said the words she would not give in to demands of protesters. That officials would spare no efforts to crush unrest. Now local elections neil, were planned for later this month. Thought toward as move towards some kind of democracy would help calm things down. There are reports they could be canceled. That will cause even more unrest. Back to you. Neil greg, thank you very much, my friend. Fox business honoring veterans all day today. Coming up how one nonprofit is helping vets start their own businesses. Right after this. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. 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. You take care of our wounded warriors, you stand alongside of our servicemembers when they return from war. On veterans day our nation rededicates itself to our most solemn duty. While we can never repay our warriors for their boundless service and sacrifice, we must uphold with supreme vigilance our sacred obligation to care for those who have borne the battle. Neil donald trump becoming the first sitting u. S. President to attend the new york city veterans day parade. Mike tobin covering one nonprofit helping veterans set up businesses of their own. Mike . Reporter neil, i have to ask you disregard the fact there isnt weather to be talking about boat tours. This particular boat tour is run by a navy veteran. An example how soldiers, sailors, airmen, marines are transitioning to civilian lives. There is group out there helping veterans start their own business. The chicago fireboat tours is run on old chicago firefighting boat from the 1930s named the fred does sy. Novak runs tours on the Chicago River and to get the business afloat. He needed quarter of a million dollars. He was young. He didnt have a whole lot of Credit History. He turned to the Veterans Business project. We couldnt done anything without their help. They advocated with us with the bank. They were pushing for us. They were talking with the banks, saying, you know, we really need to support these guys. Reporter as much as Veterans Business project asks like a incubator, the founder, lynn later, silver star from veteran, he considers himself a matchmaker. Eharmony he says. He starts with business with new management and pairs the business with a veteran. Veterans looking to get with businesses that already exist already, and we manage the process of introduction of both parties, right on through to financing, coaching beyond. Reporter now a civilian, novak is back on the water, captain of his ownership. The skills he learned in the navy helped him run the boat. The skills he learned, task Oriented Mission type skills he learned in service helped him run his business. Every year, neil, 200,000 veterans transition out of the service into civilian life. Weve done a lot of reporting how some of them struggle. Novak says the life, career, have purpose. He is captain of his ownership. Neil. Neil that is nice story. They have the expertise built in as you say, might as well tap it even for selfish business reasons. Theyre impressive group. Thank you my friend, very much. Retired army colonel, Peter Mansour is applauding president s address. President s typically visit the tomb of the unknown soldier, lay a wreath. This was quite unusual. Colonel, what did you make of the fact that the president chose to do it . I think it is entirely appropriate for the president to go what is the largest veterans day parade in the United States. I think his speech was spot on. It wasnt political. He honored veterans for their service. A lot of president s go to arlington, lay a wreath, i think that activity is more appropriate for memorial day, when you honor war dead. Veterans day is for all veterans living or deceased. I applaud the president to go up to new york to make the case. Neil he brings attention to veterans, their interests and their concerns and quality of health care theyre getting. You cant beat that . There was really nothing political about the speech. That was my concern, that it would somehow riff off prepared remarks, turn it into a campaign event. He didnt. All is well, he laid a wreath with Melania Trump at battery park. He had a nice speech. Now he is watching the parade. I think it was really an honor to all veterans have the president up there. Neil that included in that, respectful shoutout to mayor bill de blasio. Those two had acrimonious relationship. That tells but the strange bedfellows they can bring but rightly so, right . There is no doubt the president is under a lot of pressure given what is happening politically, but on this day, i think we can put politics aside. I thought it was a nice shoutout to the new york city mayor, great shoutout to veterans which is what it should be about. We thank the president for the remarks he made. Neil they were classy remarks. Colonel, thank you very, very much. I appreciate it. Thank you. Neil as the colonel and i were speaking. Pass along a item concerning southwest. The faa is considering some southwest planes over maintenance concerns that popped up over the last few weeks of the carrier is flying more than three dozen jets without final verification they comply with all mandatory federal safety standards. How far they would go to you know, keep those planes grounded and how many planes theyre talking about no one has any idea right now. It is weighing on the stock. Down about half a percent. In the meantime apples cofounder speaking out against the new apple card, sparking a fierce debate after this. It was something his wife discovered, 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℠ neil the dow erased 150 point loss from earlier on. Boeing a big reason for that. We told you is looking to give 737 max jets into customers hot hands, maybe by the end of the year, get them flying by january. That is the goal. Faa has to write off. Number of other entities have to write off. Commercial Airline Customers themselves have to write off on that. They will all go into together, none at all. They want legal clearance they can do so, albeit with pilot training, special issues with the 737 max. That stock, boeing stock up more than 4 that contributed to this huge comeback we have seen in the dow right now. Keep in mind last friday, we hit a record. Any gain today we get, if we get a gain would be another record. Apple, Goldman Sachs face scrutiny over the apple card. Companys cofounder Steve Wozniak agrees with critics claims there was gender bias. He found it at home. Kristina partsinevelos has the start. Steve wozniak and david hansen took to twitter complain. He received credit limit 20 times that of his wife. He chimed online. Steve wozniak, chimed in with same thing. The same thing happened with us. We have no separate bank accounts, assets or any kind. We have same high limits on our amex cintron, he received 10 times the limit versus his wifes apple card even though they shared the joint accounts. He implied this is big tech in 2019. He is referring to the algorithms. That possibly these algorithms that were created by men and women could be gender discriminatory. Goldman sachs says the apple card applicants were evaluated according to income and creditworthiness. If you happen to have the credit card you could text them. I texted them, apple technician, most likely a robot, responded by saying i understand your concern. Your credit limit is determined using your income and payment obligation as well as credit score and shift. We can reevaluate your limit later. Does this answer your question . A lot of investigators are taking this seriously. It is illegal to discriminate even through algorithms. The new York Financial department. They reached out to Goldman Sachs. They will be investigating the situation. Neil, raises a bigger question whether we need to think about this in all other venues, not Just Financial Services . Algorithms are increasingly being used by companies to cut costs, to go through large databases. Were seeing algorithms make important decisions when it comes to housing hiring, health care even. So are they discriminating against gender, race or anything like that . To bring it full circle, the wife of david hanson, she got her limit pushed up higher. Neil to equal his or what . Reporter im not sure equal his but at least it was hire. Im assuming equal his. David hanson tweeted that out. Neil kristina, thank you very much. Bank rate senior analyst, mark hamrick. It is the it card. People think it is pretty cool, all state of the art but if it does some red lining techniques, it will run into problems, right . Were talking about it, right . This is the environment we live in these days. Somebody takes to twitter. Piling on effect, it becomes a story of the day. Neil we dont know if it is universal. Whether some of these examples were oneoffs . We dont know. In days to come, with goldman issues card, apple markets it to shed light on issue. Im a fan of most things apple. I did apply for the card. I should have had my wife apply for the card as well. It is interesting to see reaction of people in the wild so to speak there is a wow factor when using the card. In the days to come, i think well be hearing more about this. It really gets to kind of broadly, what is going on with scrutiny of big tech more broadly, right . There is some black boxes, things that we dont understand, we think we dont understand, which now get a higher level of scrutiny, because were deep into this evolution of technology where it is ubiquitous. It is with us all the time. Yet there is a lot of about it we feel we dont understand. Whether it is facebook or Search Engine and now obviously how credit cards are issued. Neil one of the things we learned about credit cards in the past, if you apply together as a couple, for example, all your assets are under some umbrella, there shouldnt be a distinction. If wozniak is right, that is the way things should have been treated. We dont know about a Credit History of any person any particular time. That is obviously privy to them and that information. Were living in a environment where the onus is on the individual to own as much of their Financial Life as possible and that means to understand, is there an issue with your credit limit, with your Credit Rating . We dont know about how that may or may not apply to any of these people. And, again, i think well be hearing more from these entities about how this may or may not be working. Neil you would think algorithms, this is wozniak, he cofounded apple, we would want to treat him well, his wife well right . You dont know . Broadly Financial Firms of all kind they need to pricing risk accurately. They dont want to get overtheir skis granting loans to individuals they shouldnt qualify for. They dont want to unduly penalize someone because theyre cutting off access to someone they can market toys, while i got you here, there are already signs that people are going into deep debt to just get a car. Likes of which we havent seen since they were buying homes or getting in deep to keep adding to their homes, play the real estate shuffle. What do you think is going on here . Neil, here we are, i guess 11 years into the economic expansion. I dont think this has the same, anywhere near Systemic Risk like housing bust did but it has risk for individuals who are getting in too deep all too often on the car loans. When you see the average car loan is essentially as much as six years. Neil they have added the debt of an old car theyre trading in on top of the debt on the new car theyre getting, sometimes time and time again. Socalled you know water the loan is more costly than the car has value. The other part for individuals less credit worthy, they are ones pushing those loan terms out or longer because they can less afford a new car. So at bank rate, were always about making sure that people have Emergency Savings so that if they, for example, are unemployed or they have an event in their life, like somebody gets sick, Something Like that, they have enough in the bank to cover mortgage payments, rent and car loans. Neil do you think this is harbinger of financial meltdown we fear . No but it is risk to individuals. Individuals again need to own their own financial lives. Live beneath your means. Dont live at very cuttingedge of your means, so when the economy does turn down, as an individual if you lose your job, all of sudden, how will i make my car payment. Neil you must have said something right, mark. Maybe reassurances have the dow mildly positive. Any gain would of course be back into the record books here. For the dow led by boeing, the promise of 737 maxes to return to the air. They hope to see them return to the air as early as january of next year. That might be wishful thinking. But they are starting to ship them out. Meantime Michael Bloomberg toying with a run for president. Charlie gasparino says toying down mean actually running. Oh, wow. You two are going to have such a great trip. Thanks to you, we will. This is why voya helps reach todays goals. All while helping you to and through retirement. Can you help with these . Were more of the plan, invest and protect kind of help. Voya. Helping you to and through retirement. 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. Keep going, keep going. One idea can unlock a breadth of solutions. [maniacal laughter] gold right, uh. Thank you, for that, bob. But i think its time we go with gbtc. Its bitcoin exposure through a traditional investment account. Nice rock. Its time to drop gold. Go digital. Go grayscale. Peyton, what abrad, welcome to peytonville. Whats this for . Song inspiration. I started in my garage, but nationwide protects so much i had to expand. Nationwide helps protect everything you see in here, brad. Every family, every business, every dream. See mrs. Hoffman . Nationwide protects her home and car, but also her dream of retiring to become a yoga instructor. Oh, they have backstories. Of course they do. Here, i got more to show you. Keep up, now. A little hustle. Tonight we say to Michael Bloomberg and other billionaires , sorry you aint going to buy this election. There are folks completely purchasing political system, running as republicans, tossing in their hats as democrats in the field as well. What were here to say, in a democracy, shouldnt matter how much money you have. Neil every time i hear that, they never said that about john kennedy, coming from one of the nations wealthiest family or Franklin Roosevelt coming from the nations richest family. That was then. This is now. Michael bloomberg not gaining traction from democrats who say he is trying to buy election. Charlie gasparino has been following this closely. Liberal rockefeller. West virginia. Neil you say how real, how palpable is the rage, does bloomberg have to worry about it . It is real. It is palpable. To get the nomination he has to worry about it. It is shortsighted, say bloomberg is not nominee. Low odds he will be. He hasnt declared yet . Neil do you think he will declare. Im leaning to the side he wont. Neil wouldnt be the first time. I dont think he see as clear path. Who knows. Problem is, say Elizabeth Warren becomes the nominee. Take bloomberg out. She will be up against donald trump who will have, between 1. 5 and 2 billion. He will have a lot of money. She will not have anywhere near that. When you every day face a commercial from donald trump how good the economy is. How leftist you are. Call her socialist. Pocahontas will be least of her worries. Most people dont know who she is. To combat that, need people like Mike Bloomberg to start their own pac, to go out there, here is the how bad donald trump is. There is not going to raise that many money. He will need to step in and save her. To attack him like this, particularly class war far. I think you can attack him on policy, stuff like that. Just to attack him as a billionaire. That is reason he is running. He is saying the party is going off the rails. Thinking about running, we should say. Embracing class warfare, not the way obama embraced it. Embracing anticapitalism, okay . Bracing, you know, stuff that this country was founded on, that people benefited from, you know, one thing we had over these other tin pot dictators, not just democracy, capitalist system, that provided more wealth than any socialist neil they loved all billionaires when they started thinking about running for office. That is what im saying. It is very shortsighted. The reason why jamie dimon, who is on 60 minutes last night. Bill gates, bloomberg is saying do you know, maybe aoc and sanders dont realize this, Mike Bloomberg employ as lot of people. Neil yeah. Mike bloomberg gave 6 billion to charity. He made a lot of money. By the way he has given more money to charity than trump has. Do you realize that . That is a baffling statistic. Neil dont you think they know that but this is political appealing . It is absurd. He make as the love money. He gives a lot a way. Neil that is the story of your life. Iish i could keep more of it. Biden camp are putting out word of two things. They dont think he will run. Theyre telling people that, because he dont have a clear path to victory. Theyre trying to get him on board potentially to support biden through a superpac. Those are the two things. Neil he eschewing the first few primaries to concentrate on super tuesday. That is risky strategy. That is where biden is the strongest, with africanamerican voters in the south. Neil thank you, charlie gasparino. Candidates pushing medicare for all. Have you seen what is happening with medicare right now . That is just for some. After this. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales, the diamond store. With exclusive bridal styles at zales, is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Neil finding a need if it is no where else you live. It started as really a baby blanket company in 2006. Now it is making more than 100 million in annual revenue. Celebrities around the world use its products. Princess kate middleton, Prince George is swaddled in one of its blankets. Here is the founder and former ceo. Im looking at uniqueness of this product. What made it such a draw for people . Because it was first in australia . You didnt find it anywhere else, right. No, it had existed in australia as i could remember. I was wrapped in it in the 60s. When i had first of my four daughters in the states, 2003, looking for a type of blanket every aussie pretty much used. No one ever heard of it here. Had the ahha moment. Neil why was that . I honestly dont know, neil. I have no idea it had spread beyond shores of australia. It was great for me. I built up a Global Business out of it. No one outside of australia heard about it. Neil like as australian foods nobody ever heard. Vegemite, no one ever heard of it. Neil you were victim of your own success. Because i got fired by my private equity firm . Neil yes. We had different way we wanted business to go, the way i wanted the brand to go. They had controlling interest. Sadly this is actually, pretty common story with founders. Neil youre right. How did that, starting something, you need a lot of investors and backing but you ceded control. How do you i did. Neil how do you advise up and comers, not necessarily young, doing what you try to do . Dont do it. Dont do it if you still very passionately about your business. If you still feel that you have more to do with your business. Dont give up the controlling interest. So, look, i could have asked a couple of very simple questions in hindsight of the private equity firm aden and anasi do would have avoided whole situation. Neil how are they now . Theyre a memory. Youre still doing very, very well. Yes. Neil how did that all end up . It was, i made a lot of money from aden and anais. It is not a money thing. It is more emotional thing. Neil you could have walked away counted money and walked away. I stupidly invested in my own business in meaningful way. Not having control over that money is pretty stressful. I have nothing to do with the business anymore. The private equity firm has taken over completely. I went out and started a new business. Neil it could take off just as handsomely . It will. Neil you would look at Public Markets . Yes. Neil that spreads the wealth, right. Yeah. I would never want to run a public company. Dont want that scrutiny. You know neil it is amazing story, reagan. Thank you very much. It is very uplifting. Anything is possible, challenging smarty pants money guys who think, after this. Or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Hey fred its medicare open enrollment. E. Y no Commission Time to compare plans. Were fine with what we have. Thats what the johnsons thought until they tried medicares new plan finder. The johnsons . We saved a lot on our prescription costs and got extra benefits. How bout it, fred. Plans change every year. Use the new plan finder at medicare. Gov. Comparing plans really pays. Look how much we can save. I need all the breaks, that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil all right. This is an interesting development. The wall street journal is reporting that wework is in talks to hire tmobiles ceo. T mobiles stock is moving lower on the news. We dont know quite all the detai details, but it is out there. Also out there, a big turnaround at the corner of wall and broad for the dow, led in large part by boeing and the possibility that 37 max could begin flying, boeing hopes as soon as january. At least its going to ship out a lot of planes to commercial airlines who bought them but again, the devil will be in the details. The faa approving that, getting them flown. Anyway, we were down about 145, 150 points at the worst levels. Thanks to this boeing turnaround, not exclusively but in large part, we are positive on the dow and seeing as we hit a record on friday, thats good enough for a record right now. Meanwhile, wall street bracing for pivotal public appearances right now when it comes to impeachment. House democrats are planning for a key week of impeachment witnesses. Republicans are framing their messaging against this. Blake burman has the latest on how the white house is responding. Reporter could be a major week coming up on the impeachment inquiry front, as the first public hearings set to take place in a couple days time. On wednesday, the guest list includes bill taylor, currently the top diplomat for the u. S. In ukraine, and george kent of the state department will go before the cameras as well. A couple days later on friday, the former u. S. Ambassador to ukraine, marie yovanovitch, will testify. Over the weekend, republicans submitted a list of those who they would like to see be questioned as part of the inquiry. That includes hunter biden and the whistleblower. However, adam schiff has control over who eventually testifies and he appeared to shut the door on bidens potential testimony by saying the inquiry wont serve quote, as a vehicle to undertake the sham investigations into the bidens. Over the weekend we also heard from nikki haley, the former u. S. Ambassador to the u. N. She argued that whats been put forward to date should not lead to the president being removed from office. Listen. Impeach a president for asking for a favor that didnt happen and giving money and it wasnt withheld . I dont know what you would impeach him on. Look, nor impeachment is like the Death Penalty for a public official. When you look at the transcript, theres nothing in that transcript that warrants the Death Penalty for the president. Reporter as for President Trump today, he took to twitter and contended that the transcripts that have been released so far have been quote unquote, doctored as he put it. You can see the tweet there. He also said that republicans should put out their own transcripts. Thats from the president this morning, though we should note that before these transcripts are eventually released to the public, neil, the witnesses themselves, those who go up to the hill to testify, are able to view them before they are released. Neil . Neil blake burman, thank you very, very much. Meantime, republican lawmakers are going so far as to say to a man or woman even if there was a quid pro quo, theres no there there. Take a look. If you learn the aid was at the very least delayed until the president got what he wanted, if that was the case, and democrats say they have the proof, is that an Impeachable Offense to you . If they had that proof . No, i dont think so. Neil your view is push comes to shove, documents, testimony, transcripts revealed that it did get to that level where the president did actually hold this up, that to you is not impeachable . Right. Not impeachable. All you have to do is read the transcript thats been release toed the American People to decide for themselves. There wasnt anything in that transcript that was impeachable. I just dont see based on whats transpired to this point with their antics with impeachment that it will rise to the level of an Impeachable Offense. Neil all right. Whats the read on this . Eric beach joins us right now. You have heard the backandforth on this, even if there was a quid pro quo, in other words, even if the president got what he wanted, and eventually the aid that was, you know, delayed was delivered, that seems like a pretty stark connection, it is not an impeachable one. What do you think of that . Well, yeah, i dont think its impeachable but i also think messaging is a little off. The reality is obama never gave ukraine aid, he kind of withheld it many times, and i think the president of the United States should look at and we should look at it as both republicans and democrats withholding aid from my country, thats within his rights to do that as president of the United States. Ukraine is one of the most corrupt countries and asking for them to fix themselves inhouse is not a bad thing, if it was based on receiving aid. I wish we would do that with more countries around the world. Neil indeed we have, under democrat and republican president s. Theres a little bit of a difference here in that it involves someone who could become a prospective opponent against donald trump in the next president ial election. Let me ask you this. If this were bill biden, anyone else but joe biden, would it have gotten the president s involvement . Possibly. Look, heres what i neil really . Really . I do. Heres the reality. We have asked for we have asked our president , we have asked the administration to come out and say hey, you know, come down on russia or anyone else that has influence in terms of our foreign elections. Now hes asking about some type of corruption and when he campaigned he talked about withholding aid from both our adversaries and anyone else that we have given it to. Again, going through these processes and you are supposed to do that as president if a country is deemed to be potentially corrupt, and ukraine has been. Neil all right. So to the other argument thats more a legal one that said you need that aid never delivered and it was delivered, albeit late, the president and the white house, republicans have been said theres no connection with the delay in that aid and what ultimately happened but theres no there, there. Its not impeachable. So thats where you stand, this is just unsavory, though this might be, its not impeachable . Yeah. I think its neither impeachable but i also think we should start on a Going Forward basis, start really talking about how we distribute aid around the world, making sure we dont do that with countries that are deemed to be corrupt. Neil well see what happens on all of this. Very good seeing you again. Great to see you. Neil fair and balanced, the read from the democratic side. Strategist brad gertzman here. You had said there is a possibility of going too far on the left, that you can look like you are too zealous to go after the president , even though there might be grounds depending what lawyer you talk to. I get that. Do you think they are at that stage monow . Theres two issues here. Are they too zealous . Is it good for the democrats politically . I would argue its not good for the democrats politically but putting my legal hat back on listening to your other commentators about impeachment, impeachment is the nuclear button. Thats what it was intended to be. Yeah, there shouldnt have been an impeachment proceeding for bill clinton, but nixon is a good example of where it was appropriate. The guy authorized a burglary. He authorized raiding neil that came to light as the hearings ensued. We discovered them. A lot of democrats have been saying you dont know what will come up in these hearings, maybe Something Like that. I dont see that. I would argue with that premise alone, something may come up. Thats called a fishing expedition. If you have something, you have a crime that was absolutely committed virtually undisputed, yes, you go after it if it rises to the level of high crimes and misdemeanors. This doesnt. Its highly contraverted. Whether you believe him or not, there was a legitimate purpose in not giving money to ukraine. Okay . The other side says no, there was no legitimate reason, okay. As a matter of fact, there were reasons why you withheld it for your own personal good. Even if that was true, even if the democrats argument was true, okay, the president can make mistakes without being impeached. Okay . He made an error of judgment. Neil thats a very good distinction. I get a feeling, too, this all started based on what was in the mueller report. Pursue that. Now its mueller nothing to do with it, its all around this, which makes it look a little desperate. Look, im saying this as a democrat, because of the precedent its setting because the next democrat that takes office, the republicans are going to impeach him or her and we will just go through this as the constituents of this great country and we will be sidetracked. Im saying neil so sidetracked it gets in the way of democrats winning the white house . That all the issues you have been championing dont get championed or talked about . If you are going to do an impeachment proceeding, you do something thats going to unseat the president ultimately and undermine his ability to get elected. I think this just further strengthens his base and does nothing for the democrats. I dont think the democrats truly understand who is supporting the president and why. Theyre not truly understanding what a general election vote is going to look like and what kind of voters, what kind of Electoral College they are going to need in order to win. Neil you dont buy when you get these national polls, that shows 50 50 supporting this or not, but in battleground states, a little less than that. The battleground states is where this thing is won or lost anyway. Thats where the president is doing okay. Hes not going to win or lose based on this issue. To me, they are wasting everybodys time. Again neil they want to make it quick. They want to do it quickly. Theres no such thing as quick. It cant be done quickly. It cant be. If you ever watched this stuff on tv neil how would you think if Elizabeth Warren is your nominee . We lose immediately if Bernie Sanders or warren. The democrats lose in a terrible landslide for trump. Neil what about joe biden . Hes the only one whos got a chance. Neil what about bloomberg if he comes in . Bloomberg to me is very interesting. I have been here in new york city and worked with his administration. I fought his administration but i think he would be a very good president. The problem with him, does he have the it factor, that charisma that it takes to be president. Thats what he will fall short. Hes an operational kind of guy. He will hold people accountable in government. He will do all these neil you think joe biden has the charisma for that . Lets not underrate him. Hes been Vice President , hes been in the political world for quite some time. Hes been a top democrat for decades. You know, he reaches that level but you know, he understands what it means to be kind of a larger than life figure but its going to take a lot of that. Sadly, im not sure i like Michael Bloomberg a lot, i liked him as a leader of new york city, and hes done some great things for new york city, but hes not he doesnt have that charisma. People forget that no one knows who Michael Bloomberg may be other than just a billionaire outside of new york city, outside of the typical democratic states, swing states. How will he do . Neil his strategy is steal the early primaries and caucuses, concentrate on super tuesday. I worry about that stuff. Any time you are trying to bypass the regular shake hands, pat backs, talk to regular people, do the Long Distance marathon thats required to be president , whenever you are trying to sidetrack that, circumvent that, i get worried. Neil all right. You call it as you see it. Fair and balanced approach. I will get beat up by my democratic friends. Neil youre used to that. Im used to it. Look at this face. Neil thank you very, very much. Too early to say where all this is going. Just as it is too early to say boeing wanting to get 737 maxes up in the air again. The talk is they want to resume commercial service in january. The fact of the matter is boeing doesnt decide that. Beginning with the faa and a host of government agencies, they do. Then its customers have to decide to leap on that and go ahead and fly these planes. So far, no one is volunteering. After this. As a struggling actor, i need all the breaks that i can get. At liberty butchemel. Cut. Liberty mu. Line . Cut. Liberty mutual customizes your Car Insurance so you only pay for what you need. Cut. Liberty m. Am i allowed to riff . What if i come out of the water . Liberty biberty. Cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil the wall street journal is reporting that wework is in talks to hire tmobiles ceo john legere. Jackie deangelis has been following this story closely, among others, and joins us at the new york stock exchange. Jackie take a look at shares of tmobile. They are not faring well today on this report that potentially the company could lose its ceo. So weworks parent, we know, has been searching for a new ceo after it ousted adam neumann, after that botched attempt for an ipo. The question is would tmobiles ceo do it. He is poised to see a nice payday if tmobile gets that approval to take over sprint next year. Its not exactly clear. But its definitely something to watch, like mr. Neumann, mr. Legere is known to be unconventional as an executive, more of a disruptor. So something to watch there. I do want to draw your attention to shares of boeing, however. They are significantly higher today. And having an impact on the dow in terms of its reversal. This is after the company said the 737 max jet is going to be back in the air in january. Now remember, when it reported its earnings, it said that it was expecting to have approvals for that presumably from the faa in the fourth quarter. The 737 of course grounded after those two fatal crashes. Its been down since the spring and the company has said its focusing on safety but it also really wants to get this plane back in the air to focus on profitability as well. Final picture stock i want to point you to today, walgreens, shares of walgreens are up 6 in the session today after reports that kkr is approaching walgreens about a deal to go private. Bloomberg reporting that no formal offer has been made but obviously this is still a conversation. No certainty on whether this is going to lead to something definitive. You can see shares are trading higher right now. Back to you. Neil jackie, thank you very, very much. Meantime, Bernie Sanders still pushing medicare for all but facing a little pushback by a veteran in iowa. I dont want to see anybody in this room have to wait like that because of a single payer system. Which the v. A. Is. No, actually the v. A. Is not. The v. A. Is its a governmentrun program. Thats right, its a governmentrun program which is different than a single payer system. Who is paying the bill . Well, in the case of the v. A. , the government is paying 100 of the bill. Im the former chairman of the committee on Veterans Affairs so i know a little bit about the issue. Theres a failure there. Neil all right. This is the setting for medicare, medicaid. Premiums will be rising about 7 come next year. To beating obamacare author. Very good to have you. The backandforth on medicare for all, i always thought regardless how you feel about medicare, its not branded right. Health care for all might work but medicare for all, its not as if medicare is hugely popular following. Its a bait and switch because in fact, they say medicare for all because the word medicare is quite popular but in fact neil with everybody . Really . Yes. Neil with young people, too . You tell young people its going to be medicare for them . As opposed to medicaid. In fact, what it will be is not medicare for all. It will be stingy care for all. Because Bernie Sanders bill which is the framework would pay hospitals and doctors much less than those hospitals and doctors are currently pulling in. So hospitals, in order to keep their doors open, would have to cram more beds into a room, spread nurses thinner, wait longer when you push that call button in the middle of the night. Doctors would earn about 30 less. They still have to pay their receptionist, nurses, keep the lights on, so they have to see more patients per hour. You know who would suffer the most, seniors, because they take the most time in the doctors office. They have more complex problems generally. So doctors will avoid making an appointment with them. They will be shunned. Neil so when you hear about those advocating medicare for all, particularly Elizabeth Warren, she would junk the private Health Insurance system for 115 million americans who have private Health Insurance, not saying they all love it, but a good many of them are okay with it. So how are they going to reconcile the possibility that goes . Oh, well, they should be very concerned about it. You will hear the concern being voiced, especially by Union Members who have in the past traded cash benefits for handsome health benefits. Neil socalled cadillac plans. They are being told your employer will have to pay that money into the government instead of to your Insurance Company and you will have to settle for whatever somebody else gets who is on unemployment, who has never been part of a big job. You are going to have to settle for the lowest common denominator. Neil what about the individuals who pay their premiums through taxadvantaged accounts. Their income goes up so it gets borne by the middle class. Heres whats so irresponsible. Its really shocking for anybody not familiar with washington. Okay. So last june, the Medicare Trustees announced that medicare is running out of money. Medicare part a, the fund that pays for hospitals and nursing homes, will not be able to meet those bills seven years from now. Youve got the democrats out there campaigning to expand medicare, bring millions more people into it, maybe the whole population. Thats like fantasyland. Thats like a family that cant meet its mortgage payment going out and shopping for a megamansion. Tell us, politicians, how you are going to make medicare as it currently exists financially solvent again, because the trustees have warned that if you dont act quickly, the people who are already in it and boomers in their early 60s or people in their 50s will be in for a big shock when they need a hip replacement and medicare cant pay. Neil or at the very least, they will be waiting for it. You hear these stories in canada, england and elsewhere, where it is provided for all but you will wait in a line. Thats if they go to medicare for all. But short of that, because its unlikely medicare for all will pass, millenials even, people in the 30s and 40s are going to be in for a shock when they hear theyve got to make a choice between sending their kids to summer camp or paying for grandmas hip replacement. Thats whats going to happen neil if they like grandma. When medicare cant pay the part a bills anymore, its going to be put on the rest of society to take care of the elderly. Neil i havent seen republicans come up with something coherent. Its very disappointing. Nobody is talking about it. Except trump. I have to say, President Trump is focused on the insolvency of medicare and is already taking steps to correct that. Neil yeah, but do they risk it, his activity notwithstanding, the fact that republicans havent come up with a coherent, Cogent Health care plan. They lost the house. Could they lose again going this way . People are so afraid, rightly so, of this medicare for all plan, they will vote to avoid that huge risk. Neil we shall see. Always a pleasure seeing you. She knows her stuff inside and out. You still have the highlighted pages and the postits. Record cold set to creep in across the country right now. The latest on how low do we go, after this. Driverless cars, or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales, the diamond store. Neil well, a Massive Oil Field discovery in iran but irans oil minister is saying you know, not quite like we thought. To Financial Market strategist alan nuckman. I guess it turned out to be im not saying a big disappointment but not nearly the find we thought. How is the boomerang effect on oil prices . Oil prices are stable right now but as far as that news goes, the announcement was, what, 50 billion barrel find. There is still the number four producer in the world. Now, the question even if they do find a bunch of the oil, its how do they bring it online, how long does it take to develop it and can they sell it with the sanctions. Right now, thats the big question. Thats the big issue iran has. Neil all right. So assuming that they cannot, especially with the sanctions, you know this stuff far better than i, it wouldnt matter if it was like 100 billion, right . It is what it is. Right . Right. Its a long time, even if you find a vein of gold, you still have to mine it out. Lets look at it in the big picture, that you cant just stick a straw in the ground and you know, you dont get gasoline. Things have to be developed and refined and get it to the market. So theres a lot to it. But looking at oil itself, we are stuck in a rut between 50 and 60, we have been trading in since june, so five months. We had that fakeout breakout with the saudi arabia issue, but the month of september, they had a decade low production because of that. We are babying ck on line, but it comes down to the macro market. We have seen the stock market stabilize, make new alltime highs and we have seen treasuries, we have seen yields rebound. It seems like the markets are more normalized. The next step, in my opinion, is seeing Oil Prices Move higher as concerns about the global slowdown and that clamping down demand for crude, if that alleviates we will see crude make another attempt on 60. Neil we will watch closely. Thank you very, very much. Lot of breaking news here, not the least of which is the dow in record territory. By the way, among some of the things alan predicted, this recordbreaking cold to tell you about all across the country, centraleastern u. S. Along with snow in some parts on the way and maybe a lot of it. To jeff flock with the latest from indiana. Hey, jeff. Reporter kind of fun standing out in the wind when youre in a hurricane because then its about 70, 80 degrees. However, just the opposite here on the shores of lake michigan. That looks like a hurricane ocean, by the way, out there. That is something called lake, a big lake, but its lake michigan. Yeah. These cold temperatures, though, despite this wind and snow right now, thats going to be your story. We are just on the tip of the spear right now. You know, were going down maybe 30, 40 degrees from what we were yesterday, maybe a low of 10. Weve got snow in chicago and here in gary, indiana, which is just northwest indiana, maybe 10 inches of snow, maybe 14 inches. This is all headed your way and headed to the south. I tell you, standing out here, its not a pleasant time. Its only going to get worse. Wish you were here. Neil i wish i were not and im not. You are too much, my friend. Keep at it but be safe. Jeff flock in the middle of all of that. All right. Why hiding the likes on instagram is leading to major dislike from users. They are rebelling. Exactly why . Peyton, what are we doing here . Brad, welcome to peytonville. Whats this for . Song inspiration. I started in my garage, but nationwide protects so much i had to expand. Nationwide helps protect everything you see in here, brad. Every family, every business, every dream. See mrs. Hoffman . Nationwide protects her home and car, but also her dream of retiring to become a yoga instructor. Oh, they have backstories. Of course they do. Here, i got more to show you. Keep up, now. A little hustle. Neil customers say they did notice a gender bias could be built into this new apple card, its credit limits, et cetera. Fox News Headlines 24 7 anchor, the guy is scary smart with this stuff, bud larson. Help me with this. I cant imagine apple would make such a marketing mistake. The accusation is that it unfairly treats women. Correct. Neil whats the deal . Its based on two, i guess we can call them eyewitnesses accounts of two people who applied for the card. Neil important eyewitnesses, right . Very high level eyewitnesses. One gentleman who was actually credited with creating a programming language in his 40s, he and his wife applied for the card. He got ten times more available credit than she did which really begs the question how much credit did you get there. And he claims okay, this algorithm has some sort of gender bias. He tweeted about it, then Steve Wozniak, the cofounder of apple, said hey, thats weird, the same thing happened to me, i applied for the card with my wife, and i got ten times more credit than she did. Goldman sachs has stepped forward and said thats not whats going on here, the card takes a number of neil if you have all accounts under one financial umbrella thats less likely to happen, right . He claimed everything is shared, all of our accounts are shared. We are dealing with an interesting situation here. We are dealing with these socalled black box algorithms where you put a bunch of data in and it spits out an answer. You dont know how it got to that answer, you dont know which data point is weighed heavier than another. You just know what the outcome is. Its almost similar to your credit score. You look at it and see a number, you say how did they get that number. They will show you well, one of your accounts is past due or you have six credit cards and you should have four or you are only using 10 of your credit and you should be using 20 . Theres all these data points that get matched together and they spit out a number. I think thats kind of what were looking at here. Neil wouldnt an algorithm, this gets into the heady detail area, but wouldnt an algorithm say wozniak is the cofounder, right . One would think. One would think when you see steve with the last name wozniak and Everything Else checks out, you neil give him whatever he wants. Talking about this technology, i want your reaction to this. Instagrams decision to hide likes, dislikes and all of that, how is that going to change things . I dont think its going to change anything. Their goal in doing this is to make the platform safer. I think they are thinking about young adults who are using the site who are doing sort of egregious things to get more likes, eating tide pods, jumping out of their car while its rolling down the street and dancing to the music. Things all teenagers never did, but we maybe didnt have cameras around when we neil so theres this danger issue. Right. Where they are thinking well, these kids are doing these things to get more likes so in this instance, were not going to show the likes to the public. We are going to keep that private. If i posted a picture neil does it show the number of likes or not even that anymore . They wouldnt get that anymore. Thats an interesting twist. People may make money off instagram. They are influencers. The more likes they get, the more valuable they are as a brand. Neil im so glad they didnt have this stuff when i was a kid. I got zero likes. It was like really . It would be throwing the high tech baby out with the bathwater. It seems like it kind of undermines the whole concept of the platform. The whole platform is to share stuff and get people to be interested in it. Certainly they could keep it they could keep their algorithm on the back end that keeps the more popular stuff sort of towards the top of your feed. Well see where this goes. Its a test run at this point. Huge Instagram User Kim Kardashian. Shes okay with it. If Kim Kardashian says its okay. Sigh of relief. Neil thank you very, very much, my friend. Meantime, jamie dimon making some news with this attack on his wealth. 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 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. I think its a huge problem, and i think [ inaudible ] in many ways so middle class incomes have been flat for maybe 15 years or so and thats not particularly good in america. Anything that vilifies people, i just dont like. I think most people are good, not all of them. Neil all right. Jamie dimon saying he doesnt like this constant bashing of the very rich, recognizes there is a wealth gap going on, but isnt an advocate of the government curtailing his pay. Leave that up to private forces and boardrooms and the like. Making money host Charles Payne here to weigh in on that. What did you think of what he was saying . I think he was trying to have it both ways, but hes in like a corner on this, you know . Charles he is in a corner. I will say this, i agree with you, when they Start Talking about the board, you kind of lose me on that one. Neil yeah. Right. Charles the board is making me take all this money. The damn board. They keep giving me billions. Neil you could give some of it back, right . Charles by the same token, leslie stahl makes a whole lot of money, save for a few people, and im sure she wouldnt like to do an episode on why she makes so much more than others. Theres a certain amount of responsibility that comes with, i believe, success. I do believe that if theres ways to not just give back but to teach people how they can actually earn it themselves, then you have done a great thing. Later in the show, they showed the work they are doing in detroit. It looks really good, very promising. Those are the things i think they will have to do because there is a groundswell in this country of resentment toward people who are very wealthy. Neil what has prompted that . I understand this has been time immemorial, i get that, but it seems to be a sharper debate now that almost any rich person is rich because of illgotten gains, but something has changed here. Charles you know, its interesting, neil, because i agree with you, it seems to have gotten a whole lot worse. You know, we just as a nation, i think that, you know, every election, every president ial election, the media, movies, its always been the sort of victimization thing that somehow, you are victimized and even when you are doing well, someone is doing so much better than you that you dont feel like you are doing well. I think its a combination of things. But it will have an impact at the box office, i mean, the ballot box, and for those who ignore it, then i think, you know, i was talking capitalists who can make a difference, then they are making a mistake. Neil some of the most popular movies of all time were put out by guys who were very very wealthy. There is that as well. Charles there is that as well. Its interesting, if you can dunk a basketball and make 30 million a year, no one hates you. But if you run a company with 250,000 employees in 70 countries, you are going to be vilified. Neil very good analogy. I could extend it to italian delis. I dont know how, but we will. Charles somehow you are always able to make that connection. Neil i will always try. Thank you, my friend. Look forward to seeing you in about 15 minutes. Meantime, the president is the first one, the first ever, to address a veterans day parade. And veterans are liking what they see. It is truly an honor to come back to new york city right here at Madison Square park to be the first president ever to attend americas parade. Neil life after serving kourn tri. Fox is holding an affair for veterans outside. Abby is here with more. Reporter it is a wonderful day for veterans day today. Its actually interesting, veterans are twice as likely to become entrepreneurs than those who did not serve. Im at one of those businesses right now. You started this company with your brother. How have you seen those military values play out in your business . These guys are amazing who work for us. They are organized, just right on point. Feldmans runs like a welloiled machine because of the vets that work for us. Reporter where did greg go . He had to run to my apartment to get more hot dogs because we gave out 700 hot dogs on the plaza today. Reporter we have been out here all day long. People have been filtering through. How have sales been doing . Amazing. We are about 25,000 online sales at this point and its not slowing down. Reporter you guys are doing Something Special today for veterans day. Can you tell me what that is . Thats correct. We are donating all profits today to the headstrong project for vets. The headstrong project is a nonprofit that helps our vets with Mental Health issues. Reporter what have you seen happen with your business when it comes to veterans and people who maybe have worked for other companies you have been part of in comparison to these people here . These guys are hungry. They work hard, they are organized. Its just a pleasure to be able to hire veterans to work at feltmans. Reporter how many hot dogs should i eat today . You said seven, i think. Reporter three down. You are three down. We will wait until greg gets back. You get first shot at them. Reporter great. Thank you so much. Really appreciate it. Thank you to your brother for his service as well. Thank you so much. Reporter guys, back to you. Neil thats great. Abby, thank you very, very much. Meantime, retired green berets opening a bourbon distillery, American Freedom distillery. Its not enough that they make a movie on you and you get Chris Hemsworth playing you. Now you are branching out quite successfully into business. Talk about a beacon for fellow veterans. Thank you, neil, for having me here today. What a special day this is. For me personally, 18 years ago today, i was sitting with the 12 men of my special forces team, oda595, our cia counterparts, the two other special forces teams, our air force special Operations Combat controllers, and most significantly, the allied leaders of three differentette nicks factions we had worked to unite and bring together to rise up and fight the taliban and al qaeda army of northern afghanistan. It was a david versus goliath event every day for 23 days, my team and our allies were on horseback. It was good versus evil. We were greatly outnumbered and after 23 days, we rode into the city and celebrated veterans day with these allies. Neil thats amazing. I remember when the story first came out, i heard about being on horseback, i said that cant be, its got to be urban legend but indeed it was. Were they prepared for that . Or what . Yes, they were ready. They were looking for hope and American International community provided it to them. My team became known as the horse soldiers. Now today we make an awardwinning horse soldier bourbon. Neil based on that, inspiration from that, you know, i know you talked in the past about wanting to help veterans, show everything they could bring to the work force but you know what i noticed, guys like you illustrate it, commander, you are a modest brunch. You dont brag much. You could never, for example, become a tv anchor. Having said that, i look at that and say you dont market yourselves, all the skill sets you have exhibited on the battlefield and elsewhere, because of that, its not exactly a character flaw, but it says something about your character. Well, our business has grown because we have stuck to the things we learned in the military. That deliberate, focused planning, short and long term coordinati coordination, maintaining a Strategic Vision versus a view from your foxhole. Our business has grown significantly. In the two years since we started distribution of our Award Winning horse soldier bourbon, we have had some great Industry Partners and mentors. We have gone from zero to 20,000 cases of distribution in our second year. Our growth is going to continue to expand. Were just on an incredible rocket ship right now. Neil the people who are buying this, do they know the story behind it door they sor do they this is great bourbon . First off, we have to have great juice in that bottle. To have them keep buying us. In the five years we have been a company, as we learned about this business, its like learning a new language, we went and studied abroad professionally in scotland, in ireland, in havana, in mexico, and with these different spirit models, we are now outpacing the models we studied and fortunately, we are on a path now after only five years, to have a 50 million expansion and create a new distillery that will become a legacy for our families. Neil its remarkable what youre doing, and trying to help out. It comes at a time when we keep getting these distressing reports on the high number of suicides in the military community and those veterans and the like and it doesnt change. Im wondering what are we missing . What are we not doing . I dont know. For us it has given our team, the former veterans that have served together, great industry and professional mentors that are around us now, its given us new mission and focus. We are using the same skills we had learned if the min the mili grow our business. We are building great teams. We are in seven states now for distribution. We are in texas, indiana, nevada, florida, california, virginia, new york city and soon in my home state, kansas. Neil looking im sorry, commander. You get intrigued by going public . You are doing very well. We are. Again, as i say, we have great supporters and Great Investors in us. We are in those seven states, we are getting into the brick and mortar establishments of select bars, restaurants and steak houses. We are in 30 locations of the military exchanges, the navy, coast guard, army, air force locations. Those growing. In this age, digital age now, our horse soldier bourbon. Com, our online sales, we can actually reach over 30 states. Neil wow. Thats continuing to grow and become a significant portion of our business. For folks that want to learn more, go to our new youtube channel, horse soldier bourbon. They can learn more through speakers i want to share with you and your audience a veterans day discount, vet 19. Neil amazing stuff. Not too shabby. Thank you, and thank you for your service and all the guys and gals with you. I appreciate it. Thank you, neil. Neil meantime, as he was speaking, he must have some magic elixir at the corner of wall and broad. We are up 20 points on the dow and a lot of that has to do not only with maybe the fine commander, but a lot of fine buying built around boeing and getting its 737 max back in the air again, it hopes. But that hope is enough to propel interest in the stock which is lifting the corner of wall and broad to another record on the dow. After this. Frankly, were looking at an economy now of no growth and redistribution of wealth. And thats not going to work. Everything that is broken today can be fixed and every failure can be turned into a truly great success. Neil that was then. Guess who is back now . The president will address the new York Economic Club as first time as president of the United States at noon tomorrow. Well be carrying that. He will no doubt be there to remind a lot of economists who doesnt give him a chance, that said the economy wouldnt do as nearly well as it did if he was president , now a thing or two about that. The market at record territory. To Charles Payne, a veteran by the way, four years in the United States air force. Thank you for that, charles. Thank you, my friend. Charles neil, i appreciate it. Good afternoon, im Charles Payne this is making money. Breaking at this moment, recent weeks the stock market had a big surge, it received a series of record numbers of high milestones. Today we had a slight pause. News out of boeing, that the 737 max could take off soon has changed everything. Some are calling it a day of rage. The escalating violence in hong kong becoming a greater concern for the markets after Police Officers shot and wounded a protester. Trump offering a tribute to our nations veterans today as he kicks off the new york city parade. Over the next hour well bring you stories of