Well bring all the names that you should have in your portfolio. All that and so much more on making money. Charles well, love him or hate him President Trump went to the new York Economic Club in 2016 and outlined his trade strategy. He did not minutes words. He promised quote, to use every tool under american and International Law to end trade abuses by foreign countries. He promised to stay out of the Transpacific Partnership and rip up and replace nafta. President trump has done all of those things. While experts speak in generalities about the harm of tariffs in theory, in practice the biggest hit to the u. S. Economy may be the large american corporations who are withholding investments ostensibly out of trade policy confusion but perhaps to trigger enough economic pressure to stop any additional assault on their bottom lines. To be fair a lot of businesses are doing what businesses do, they have adjusted. Now it is premature for President Trump to take a complete victory lap but the finish line is within sight and at this point i think most americans would like to see American Business cheer him on. There is now a clear understanding that fair trade should be at the core of free trade. Here to recap todays Economic Club speech, edward lawrence. Reporter yeah, charles, President Donald Trump touted the economy and what his policies are doing and what his words say are continuing the greatest boom in american history. Talks about how wages are rising, how people are spending more, house his tax cuts helped boost this economy. What we saw was a little bit after glimpse into how he possibly could run during the 2020 elections. He says that he made promises and kept those promise, pushing america first. The president went after the Federal Reserve though blaming the fed for holding back the potential of this economy. He says the dow would be further into record territory. We have launched a economic boom the likes of which we have never seen before. I did this despite a near Record Number of rate increases and quantitative tightening by the Federal Reserve since i won the election. Eight increases in total which were in my opinion far too fast an increase and far too slow a decrease. Reporter President Trump highlighted how wages are growing again but also how more people are making money and the consumer is spending. The president s sees the economic boom continuing through the rest of his term. He points out if democrats took the white house the economy would stall. The president talked about how he is leveling the trade playing field. How he is going after china and other countries to stop taking advantage of the u. S. The theft of american jobs and american wealth is over. They understand that. My administration has taken the toughest ever action to confront chinas trade abuses. Reporter and the president says that the u. S. Will no longer be a piggybank for the rest of the world. He does to on to say that the usmca, one of his promises to replace nafta, it was agreed upon, he says it should be ratified. He pushed House Speaker nancy pelosi to bring it up for a vote. The votes are on the democratic side are there if a vote is scheduled. Charles. Charles joining me, Katherine Rooney vera, and jeff saut. Katherine, your thoughts on President Trump, candidate trump 2016 and President Trump 2019 . He lived up to the promises he made but how far does he have to go . People may not like his common man speech or his twitter account, but the fact, charles, the economy is thriving and the economy is thriving because of structural reforms, less onerous regulation, because of a less heavy Government Hand and because of big tax reform. That is where were at this juncture. Six or 12 months ago everyone was talking in the media about with breathless anticipation for recession. They were almost hoping for recession. Were far from recession. The economy is is growing above trend and above potential and i expect that to continue through 2020. Charles jeff to, that point, even those experts who may not be fans of President Trump, expect a sugar high from the tax cuts or regulatory cuts. That timeline, we eclipsed that timeline, 12th or perhaps 2018 phenomenon but i think we have greater prospects this year than last year. I agree. There was a lotholiday cheer the president five at the Economic Club of new york. He emphasized a lot of things he accomplished. I think he has done a pretty good job given the fact congress refuses to work with him. I agree with you. Ive been adamant on your show and others that were not going into recession for the foreseeable future. Even though you have a slow down in the economy i think you reaccelerate as you get into 2020. Charles part of that reacceleration, would have to be eventual u. S. China trade deal. President trump talked about it momentarily. It could happen soon. It has to happen on his terms and to a degree it feels like he also maybe understands timing. So, i dont know what kind of political gambit it is wants it to be the perfect time, around the corner or whether he was a deal on the table he wants right now. How does the market see it . Were at 3100 on s p 500 this is by definition a meltup. At 3,000 i recommended clients put on put options to protect their gains. Weve seen a tremendous rally ever since trump got elected. Those are the numbers. This zap has rallied tremendously. Even yeartodate it has been up. This is the meltup scenario, which is trade deal or the near term horizon, who knows the timeframe, corporate earnings continuing to do very well and the fed cutting. Where i do differ with the president is with regard to Monetary Policy easing. We dont need negative Interest Rate policy in this country. It is concocting, it i bubbling creating the biggest financial bubble ive seen since 2018 financial crisis. Charles jeff, i dont think were getting negative Interest Rates but some on wall street anticipate one or two more cuts next year, if we get everything else, all three of us agree well see the next 30 or 60 days that might be irrelevant, right . We might not need extra fed boost. Some argued we havent needed it this year. I would agree with that. The economy looks fine. You get a slowdown here. I think we reaccelerate as we get into next year. I lived in d. C. And my contacts there are saying that this idea of phasing in a trade deal where the easiest things to agree to between china and u. S. Is phase one, i think that is going to get done, charles. Phase two, which has the tricker things to agree to, intellectual property theft, technology transfer, things like that, that is probably a year away. I dont think you will get a big, huge massive trade deal. I think it will get staged in faces and i think the market will like that. Charles we should remind the audience, currently tariffs on 360 billion in chinese goods and we are trading at alltime highs. So you know, worry wall streeters, giving them anxieties but theyre doing pretty good. Thank you both very much. Appreciate it. Thanks, charles. You bet. Charles as i mentioned, folks, stocks are back in record territory today as President Trump took a welldeserved victory lap but the greater the nations wealth, the louder the voices how the wealth is shared. While im not advocate of platforms like Elizabeth Warren or Bernie Sanders the wage and wealth gap in this country is something needs to be acknowledged and more billionaires by the way are doing just that. For example, jamie dimon. I think its a huge problem and i think the wealthy have gained wealthier too much in many ways. So middle class incomes have been kind of flat for maybe 15 years or so. That is not particularly good for america. Charles joining me cio of the bahnsen group, david bahnsen. Author of the upcoming book, Elizabeth Warren how her presidency would destroy the american middle class and the american dream. Tell us how you feel, david. Every morning i wake up, doesnt matter what periodical im reading there is something in there that says main street, forget about the crazy socialists but on main street there is a greater, greater sense, greater and greater feeling that things arent fair and i think the irony the higher the market goes, the more you tout trillions of dollars being created it backfires on those who say im not participating . I think that the problem we have is that Global Growth got off trend line at the financial crisis and has not come back. Inequality is bigger deal to those that feel left out when their quality of life is not going higher. The delta between the two never matters as much when everybody is doing better. When standard of quality of life is not improving for a certain segment of society, it is historically always generated popular pushback. Charles you bring up the global economy. I will bring it back domestically in a moment but on that front just think in the last two or three weeks. You have had big pushbacks up rises in chile. Lebanon, hong kong, spain. And for me it is interesting because these are not peasants, right . These are middle class folks who are saying, to a degree have luxury of saying we want a even bigger part of the pie. Were doing okay. Theyre not saying they are not doing well. The gap between what they are doing and others are doing, elites in those particular countries they think they should get even more. It is not just a u. S. Centric problem. Populism going on around the world, youre right, its a total global phenomena and in the u. S. Is exception torule that were included in this where there is a lot of populist angst in the country. I think a lot was the trump phenomena in 2016. Historically youve seen uprisings, some are third world countries but the u. S. Has never been in a position where this many people felt on the outside. I think the financial crisis was a big part of it. You had a rightwing reaction to it and a leftwing reaction to it. At the end of the day the biggest challenge we have for the country have the economy working for all people. I do not agree obsessing on the delta, difference between those at the upper end and those at the lower end is nearly as important as mobility. People want to go from one group to another group higher. So in the white paper sort of the foundation for a lot of Elizabeth Warrens policies there are a couple things that stood out to me. There are a lot but two i want to ask you about. The private savings rate. They do three periods, 1917 and 1929. Which is the roaring 20s and robberbarons the greatest wealth income inequality. There was period where unions came into being. There was 1986 to the present. The bottom 90 their savings rate was 1 , 6 , now it zero , while top 1 have luxury saving 36 . What do you make of that sort of juxtaposition . That is completely objectionable. We need what is causing the problem. The problem is not rich people getting richer. The problem with Price Inflation over this period of time that does not affect people like us, charles. It affects people that are going paycheck to paycheck. 2 increase in price of goods year over year is a big deal to those people. That is what has cannibalized the savings rate in our country is Price Inflation. We treat it like its a good thing. We want more inflation. That is not good policy for those in lower end of the wage. Charles got to let you go. Well talk a whole lot more before your book comes out and youre adamant, warren while presenting herself as a savior would be a death knell for this economy . Absolutely for the economy. Not just for wealthy people. The people who would suffer most from her policies are the middle class. Charles david bahnsen, thank you very much. Social media creating a democratic crisis government use of surveillance and election meddling, what do you need to know. Are you one of the users who are clamoring for disney plus to cause the streaming service to have technical issues, good technical issues . Well look at a new chapter in the streaming wars. Is this a blip, if so, where should you be to really benefit from it . Which stocks should you own . Well be right back. 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. Its not insulin. I take it once a week. Or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. 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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. I need all the breaks as athat i can get. Or, 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. Charles all right, folks, streaming wars are heating up. As disney unveiled its highly anticipated streams service, disney plus. For only 6. 99 a month or 69. 99 a year, disney plus gives you 500 movies, 7500 tv episodes, and of course they spawned between marvel, to star wars, to disney, to pixar, they have got a classic film library, so much more. The question though of course is will all of this content be enough to win over customers and investors like competitors netflix, amazon, apple . Everyone is going for these eyeballs. Want to bring in Kristina Partsinevelos and bellpointe chief. Bob iger says he doesnt need to spend as much. He has a lot of properties in the bank. Charles from investment point of view, who do you own . I thought it was interesting yesterday, folks gradually move toddies any from netflix. What is really intriguing to me, the younger crowd, right, the 18 to 29. 35 said because of marvel movies they move out of netflix into disney. Some pointed to the office. I didnt know the 18 to 29 crowd knew about the office. 17 mentioned friends. Some mentioned disney movie. This is bonified threat. The barrier to entry is pretty small. Anybody with content can do this. Netflix was always valued as a company that would have no competition. Everybody is pulling out of the woodwork. To christinas point this company has generations of contents. 96 years. Is it that long. He has been ceo for 14 years. Charles bingewatching part of netflix which is something that helps them alot, is there anything i will bingewatch on disney . I dont know if that is really the case. They are spending a lot of money. They will have more content. Spending 10 million an episode on some content. That is really the question. How much money are they spending . It craters earnings this year and next year. Wont get back to where they were. Charles loss leader . Can they have billions of dollars spent on this product as a loss leader . Two points to your question. Yes they launched first original series. It is called the mandalorian. Charles its a bounty hunter. People are talking postively about it. To your point the production costs will be a concern, not only 10 million, i saw reports of 25 million for new shows coming up. They dont plan to make a profit on the platform until 2024. The financial, netflix is undergoing multiple contraction. Disney is getting multiple expansion. Charles for those folks watching the show, own disney and avoid netflix . I you own disney over netflix for the following reason. You have a backdrop. You have other businesses in there. For netflix it is the whole enchilada. This is competitive space. It is unclear who real winners will be 3, 4, five years. Hold it a long period of time . Stick with disney, they are spending money to get it out there. Ultimately you will be rewarded. Charles were all the winners. We get a Great Variety of things to watch on tv. How many do you have . Charles i have every app but dont watch many shows. The average american has 3. 4 services. I have three on my phone. Charles i have them all. I dont have them all. I just pay for them. Thank you both very much. Governments worldwide are using social media for propaganda to surveil their citizens . It is happening here in the United States. Stocks pulling back on bad news for boeing. The final hour of trading could be interested. Well see the 100th record close for the s p under President Trump. Find out what could drive that. Now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Shipsticks. Com saves you i 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. Investment opportunities beyfirsthand, like biotech. Ne because your investments deserve the full story. T. Rowe price invest with confidence. Charles a new report from think tank, freedom house, they are using social media to manipulate elections and monitor citizens, finding it easy to put own propaganda on internet. China gets a title of the world most abuser of internet freedom. Founded by iran, cuba. Kristin tate joins me. They say the United States which is still relatively free of this kind of stuff has also been declining in recent years. The internet, via the social media every aspect of our lives. It is concerning. Social media platforms are providing useful platforms for hostile actors, both foreign and domestic. The question what will we do about . A lot of people need to, when regulatory powers that already has are subject to misuse and handling under the obama administration. Irs unfairly targeting conservative groups. More recently fbi agent peter strzok was fired because he hana investigation with objectivity. When we increase the governments powers, conservatives historically are not treated fairly. Another point i want to point out, terms, disinformation and fake news people throw around, they talk about concerns with social Media Companies, they are moving targets, right . Progressives say any news, right of center, positive towards trump, they want it censored immediately. Kamala harris is calling for trump himself to be thrown off twitter. We have to be careful about regulations. Ultimately let the market decide. Her own democratic colleagues wouldnt believe they would ask for the president of the United States to lose his twitter account. That is where we have the dilemma. Because you dont really trust bigger government to do this. Particularly as rules change from administration to administration. Yet weve seen almost everyone of these social Media Companies repeatedly done something that makes people worried. Now were learning that these algorithms can be programmed with builtin biases . Buys is a big issue. Look, these companies are billion dollar companies. Some are trillion dollar companies. They have the responsibility to be monitoring bias. Monitoring terrorism, by terrorism, i dont mean rightwingers. I mean real terrorism and cracking down on foreign governments who may be trying to interfere with our elections or our democracy. You know, people who support more regulations say we need to create some sort of a agency, similar to the fec or the fcc. That sounds really great but there would be so many problems in implementing these regulations and a big agency like this. Again weve really got to let free markets work out the kinks in this industry. It is not a perfect system, charles, but it is the best weve got. Charles until thin, buyer beware. Make sure you post. That information is valuable. It is gold. It can be twisted. So many people dont know what theyre doing when they check off off the i agree box. Important people get the information so they know what is going on. Charles appreciate it. The Supreme Court is about to hear case of a tv mogul and comcast. Some say it could change civil rights forever. Nobody is talking about it. Capitol hill getting ready for the impeachment inquiry to go public tomorrow. One congressman gives us his take on the proceedings next. What i love most about being a scientist at 3m is that 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. We are solving problems that improve lives. Janie, come here. Check this out. Let me see. She looks. Kind of like me. Yeah. Thats because its your grandma when she was your age. Oh wow. Thats. Thats amazing. Oh and she was on the debate team. Yeah, thats probably why youre the debate queen. Mmhmm. Ill take that. Look at that smile. I have the same dimples as her. Yeah. The same placements and everything. Unbelievable. Hey fred its medicare open enrollment. E. Verything. 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. [maniacal laughter] gold. 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. Charles all eyes on capitol hill as the public impeachment inquiry starts tomorrow into the whistleblowers complaint. It goes back to the july phone call. President trump where they are saying he pressured the ukrainian president to investigate the business dealings of joe bidens son while holding inu. S. Aid to the country. President trump tweeting out today, i will release the transcript of therefore more important phone call with the ukrainian president before weeks end. I want to bring in pennsylvania congressman john joyce. Thank you for joining us. Charles, thank you. Charles it is interesting, when we saw the transcript or the outline of the other phone call between President Trump and ukraines president , at that time i personally didnt see a smoking gun. I thought maybe this whole thing would go away. Since then it has been intensified. There has been a lot of debate over who should speak, who shouldnt speak. A lot of proceedings were held behind closed doors. Less opaque now. But the republicans still have a lot of issues with this, dont they . Absolutely. From the beginning the impeachment inquiry has been about two major issues. First of all, avenging the 2016 election. And secondly, and sadly, it is about sabotaging President Trump. Three years ago, my constituent, constituent of southcentral pennsylvania voted duly and democratically to put President Trump as our president and yet the democrats are looking to cancel our votes. People are not taking that, charles. I spent a week at home. Doesnt matter if i was leaving the barbershop in downtown altoona or coming out of walmart, leaving church. People dont want their votes to be taken away from them. They realize that this impeachment inquiry is a sham process. Charles you have some republicans out there, more recently condoleeza rice it is not a good look. Whether that is enough to suggest that the sitting president of the United States should be yanked out of office is another thing. What do you make of the rare republicans out there, who are worried what went on with the phone call . I think impeachment inquiry is based on hearsay. And so are these comments. We are not had a fair and transparent process. We have not allowed the republicans to bring forth their own, our own witnesses. And america wants that. America is about that. Charles on that note, congressman. We want a transparent process. Charles with the whistleblow i hear a lot of commentators saying revealing identity of the whistleblower, having that person testify we harm the whistle blowing process. What do you say to that . In this situation the president should be allowed due process. He should be able to face his accused and accuser should come forth. Charles congressman joyce, thank you very much. The fireworks begin tomorrow. We appreciate you helping us out there. Speaking of, big and crowded and fireworks, have you seen the crowd in the democratic president ial field . Both donors and voters are saying is there anyone else . Maybe there is. There is talk of former governor with strong obama ties, thinking about jumping in. Some are calling him the perfect candidate. More are calling him that. That is next. Lity has zero comms 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. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. Charles well, another name may enter the fray. Reports today, former Massachusetts GovernorDuval Patrick is considering making a late run for the democratic president ial nomination. This as the Democratic Party seems to still be searching for a perfect candidate. Joining me liberal commentator danielle mcglocklin. Fox news contributor deroy murdoch. This is interesting in politico. Many see patrick as perfect candidate. Dynamic, africanamerican progressive governor, who got elected in a heavily white state. Good ties to the business community, thanks to time in bain capital. I love the way you read that. I felt it. I felt it too. Look some ways main he is. The biggest problem name recognition outside of massachusetts. Twoterm governor as we know. Especially iowa coming up. Caucus state. We need a ground game. He takes a lot of obamassesque boxes democrats would like. Charles one of the obama boxes would be south carolina. That is patricks best bet. Destroy, a large, Deval Patrick they have a large africanamerican vote. If bloomberg comes in he will not be going there. Maybe that is where he gets the jumpstart there . Could be. He has obamalike feel. They are close personal friends. Their resumes are similar. Theyre about the same age. I imagine he steps in as obama surrogate. Something of that sort, if you want the nice warm wash, guy like Deval Patrick. Charles here is the thing. Overarching narrative as liberal are you concerned about the fact that the other democrats are looking at this race, saying, no one is standing out, no one is gaining proper traction. These are not the right candidates. Patricks and bloom members are saying possibly even Hillary Clinton who really, pushes back less and less on idea of coming in. Theyre all saying none of these people can beat President Trump . Traditional theory is that you need to win the state to win an election. President trump got a lot of independents back from the obama voters. A lot are independents, center of the road. There is concerns with democrat, democrat voters, far liberal candidate, warren, sanders will trounce in the primary and not electable in the general. Charles bloomberg is kicking the tires. We have a photo of him registering in arkansas. Biden still has a lead in the most of the polls, he is still really, you know, champing at the bit to get in this thing. Why is that . There are concerns about bidens age. He is 78 years old, election in 2020. President trump is 74. Charles bloomberg is young 77. Old soviet union, all these people really charles music to your ears. Maybe we have the answer for the moderate. Apparently your guy, mayor pete, starting to really come on. A new poll is out. Moments ago shows mayor buttigieg overtaken warren and biden in iowa. Could he be a man to beat . If he gets his message out to enough people. Overcomes the name recognition issues. Get out early in iowa and new hampshire. Charles small town in indiana might have less recognition than a state like massachusetts. Youre absolutely right. A little bit less. What is amusing about this idea he is moderate. These are all leftwing people running. Theyre democrats. Biden is far rightwing in democrat party. Never thought i would live long enough to see that. Sanders and warren are fullthroated socialists. I dont think buttigieg is moderate. Charles does this make you belief the democrats are in disarray, perhaps beneath the veneer they dont have the right candidate . They are. Amazing one day before impeachment hearings involving President Trump. Theyre looking at him, he is unbeatable. We need to rescramble things further. That is breathtaking. Charles mayor pete starting to move up there. Well see what happens. Thank you both very much. Danielle, deroy. Thank you. Charles comcast will go before a Supreme Court with 20 billiondolla shake up the big business to its core. If you havent heard about it we have details next. And to manage this risk, the world turns to cme group. We help farmers lock in future prices, banks manage Interest Rate changes and airlines hedge fuel costs. All so they can manage their risks and move forward. Its simply a matter of following the signs. They all lead here. Cme group how the world advances. Cologuard colon cancer and older at average risk. 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He has been a major Market Participant at pimco for decades. We have him exclusively to comment on the specific comments that president made, one in particular that we should follow in europes footsteps to have negative rates. That is little controversial, anybody involved in the stock and bond market t shows extreme weakness of economy and charles, we dont have that. I will put that to mohammed. He leans right on a lot of his out look when it comes to stock investing. Bond investing. Would be very interesting to see if he agrees we should have negative rates, as the president right before the Economic Club of new york said, give me some of that. Those were his words. So well be listening to what mohammed has to say. He will also guide us on the areas, those bastions of investment where he says, you can win no matter what. Charles definitely one of the best. In part because he is impartial. All about the numbers for him. Cannot wait to hear that liz, thank you very much. Tune in to the claman countdown at the top. Hour. You bet. Charles americas biggest cable provider, an africanamerican tv mogul will about before the Supreme Court. Byron allen is accusing comcast of 20 billion lawsuit because the company declined to carry any of his channels. Pointing to a section in 1981 of the Civil Rights Act of 1866 that makes it legal to discriminate on the basis of race when enforcing contracts. Comcast telling fox business the case is quote meritless. Its a 20 billiondollar claim. Fox news senior judicial analyst, judge Andrew Napolitano joins us now. Judge, this is so fascinating because for me, when i start reading about it a few weeks ago, you know, we go back to the first Civil Rights Act in this country. That was designed to help black people get involved in the look at the date, 1866. The war was a year over. Charles it was designed to help them get into the economy. You have got comcast. You have the trump administration. You have the chamber of commerce. They dont always get together. Theyre on the same side. Charles theyre on the same side here because if indeed they were to lose, what theyre saying is that anybody can claim discrimination and have to provide very little proof thereafter. The issue really is, not whether or not discrimination in interstate commerce is acceptable. The Civil Rights Act of 1866, the modern civil rights of 1964 prohibited it. Hough scrutiny will courts give to the business judgment rule . Stated differently comcast wants to not carry the stations s that a business judgment. They have finite amount of space to make money from others. Or a cultural judgment they dont want this type of programing associated. If it is the latter they cant make the judgment that has been removed from their menu, by these two civil rights laws. Should allen have to prove Racial Discrimination was present . Or should comcast have to prove that Racial Discrimination was not present . That is what the courts is going to decide. But one thing we know for sure. Comcast is wrong, it is not a frivolous litigation. The court was asked to take it and court agreed to take it. So in the courts opinion, whichever way they go it is not frivolous. Charles great point. What byron allen is saying, somehow, i dont know if hearsay or has it on record, one of these top executives at comcast said we dont want to create another bob johnson. He was the creator of b. E. T. Fabulously successful guy. Charles fabulously successful. Also very powerful. The implication is that they dont want another powerful black person in the media industry. Allen does not know why his programing was rejected because, he hasnt taken discovery yet. So the case was dismissed at trial level, dismissed at intermediate appellate level. Now the Supreme Court is taking it. If the Supreme Court reinstates the case, they go back to the trial level for discovery. Then a trial. He expects during discovery that documents and testimony from comcast executives will illuminate whether or not there was racial motivation. But race is such, still the such a third rail, even in commercial activities, that just the rumor of it was enough to get the Supreme Court involved. Charles wow. A lot on their plate. This is one to watch. Judge always appreciate it. Thank you so much. S p 500, nasdaq at new alltime highs. The dow as you can see starting to struggle a little bit. Were going to see what is going to turn the thing around f this holds the s p will hit the 100th record under President Trump. Thats next. I knew about the tremors. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Charlie dow turning negative this hour, once stock that stood out early in the session d. R. Horton, more and more that i think about this, the next leg of our economic revival, i think its going to have be oldfashion household formation that should be big winner, i i want to bring in wayne wicker. We have seen all kinds of reasons for the market to be higher and people wonder because theres such a long rally and such long economic expansion, im looking at households permits and household start, im looking at numbers from d. R. Horton, orders through the roof but valuables through the roof, household formation, the white with house picket fence can take the market higher . I think its a reflection that interest work to the advantage of consumers these days, lower Mortgage Rates have given consumers more fire power to go out and confidence of being fully employed. Charles thats the key. You know, historic standards, peoples parents and grandparents pay with respect to mortgages and what you can get in the last few years, the key has to be the confidence to go out and do these things. Consumer confidence is crucial and given the fact that we have seen unemployment rates really low and average hourly rates for wages have actually been okay this year, bumping about 3 and a half percent. Charles record highs, something of consolidation phase which is fine. At some point you give some of that back, what sparks the next leg. What im looking at formations, longerterm thesis, shortterm should get markets higher. You have benefit to getting to thirdquarter earnings, which everybody thought it was going be really dire, as we get in the last half of the year, last couple months to have year, you will see a lot of folks trying to catch up there and i think that when you say folks, you are talking professionals who have been so afraid sitting on positive cash, theyve missed it all. What do they buy, goodold portfolios or windowdressing or outperform . Theres a divergence for those who say im a contrarian and theres others that will index with large names that have done well, apple, microsoft, some of those names. Charles President TrumpEconomic Club speech right there after tweet, 2 05, the global times which is the Chinese Media outlet, quite a lot of criticism and complaints about china from President Trump in latest speech, hardly anything new. Seems that this administration really believes a lie repeated a thousand times becomes a truth but didnt say in the tweet about no deal. Right . There was nothing in the tweet, this is the source many times the market going much lower. These are the negotiating tactic that is we see on both sides, right, both sides want to get a deal accomplished, for the u. S. Its the ability to sell more agricultural products. For china its going to go taking off those tariffs and i think they want to go that direction. Charles i do too. You are pretty bullish this year and heading to 2020 . Yeah, i think we have a lot of positive things to our advantage yearend. Charles you have been on the show in the past, you have been the calmer voices, optimistic voices, the audience appreciates it and so do i. Hand it over to my colleague liz claman. Thats right, mohamed the man on wall street, on main street people listen to him, most widely followed guy when it comes to this house. The mouse house pretty unstoppable as we head in the final hour of trade, disney is toggling between the top 2 positions fighting it out with merck on dow 30, nice move buck 62 for disney and whats most interesting that the upside move in the stock comes despite hours of error messages that greeted star wars and marvel fans across the u. S. Who were attempting to log on the newest force in streaming, that is the screen that they got. Unable to connect,