Transcripts For FBC Mornings With Maria Bartiromo 20240713

Maria welcome, lowes reporting Quarterly Earnings a moment ago, Ashley Webster are. The numbers. Ashley lets get right to it, eps, adjusted basis 141 per share, better than estimate of 1. 35 but revenue coming in just a tad short 14. 4 billion, we were looking for, or at least the street was locking for 17. 68 billion, a little miss on the revenue side, it is reaffirming says lowes, outlook for the rest of the year, in fact, its raising eps estimates which is pretty solid when you consider disappointing result from home depot yesterday, as you can see, though, premarket, lose down 3 , total sales up 2 , but other than that comp sales were up 3 , the outlook or certainly, about where we expected it to be, maybe as comparing this to home depot, maria, a little less on the downside although i wouldnt say that much on the upside if that makes sense, the stock coming back a little bit in premarket, this is not a bad report at all and certainly raising the outlook for the rest of the year certainly a more positive sign from lowes. Maria all right, thank you so much, ashley, the stock is coming back up ashley as it does raise guidance, joining the conversation fox business dagen mcdowell, cfr, director of Equity Research ken leon and Senior Writer Jon Hilsenrath, great to see you this morning. Lowes not bad, its up now. Dagen we called this yesterday really quickly that home depot and less dont necessarily move in lock step and less admitted yesterday that the problem that home depot admitted that disappoint in quarterly numbers was because investments were taking longer to pay off as the wall street journal said, so lowes is in a better position, lowes stock total return year to date is still starting today less than that of home depot. Home depot with bad numbers was still up, so lowes is underperforming the broad stock market here, so if you see a little bit of a lift today, that might be the reason. Maria revenue is missing a bit, how do you see this. Absolutely, we are going into the slower 6 months of the year for Home Improvement, lowes is more of a turnaround story, home depot is obviously trying to get the pro segment to do online buying for local contracting, i think the story here is Home Improvement is good, housing is good, but the other bellwether with target, target with walmart, we need to see strong results from target, lowes, im happy to see maria target has been doing better. Yes. Jon dagen said they dont move in lock step, when we see the retail numbers lets not take it as a measure how strong the consumer is, home depot missed yesterday, a lot of intern al issues, you know, a lot of issues related on how you deal win vestments and a lot of issues with transition to internet purchases, the consumer right now is in pretty good shape, the unemployment is really low. Consumer is in pretty good shape, you have to look at exports and Business Investment. You have to look at the bellwethers because target speaks to the broad economy and consumer, the other story is bricks and mortar online. Its bricks and mortar and online and combination of the two, that was home depots problem, working toward that integration and getting professionals to buy online, i will point out what a shining star tjmaxx was, 4 jump yesterday and Comp Store Sales raises profit forecast, if youre going to operate a physical store, you better give the shopper an experience when you go in and thats whats working in tj maxxs, they have a nice mix of very low price discounted merchandise, you can buy outfits for you dog, i was in one with my daddy, it makes you stay in there because youre going through the racks and thats the kind of experience that target has done a better job of delivering an experience for the shopper. Jon did you get anything for your dog . Dagen i did, i bought antler and jingle bell collar and my daddy bought a belt and Single Coffee mug and some chocolate. Again, it makes you because, again, i might miss something going through this rack. Jon by the way, your dog is having a better week than mine, mine just got neutered yesterday. Maria again, the services, the experience that they are trying to go to. Meanwhile markets are down this morning, more uncertainty over u. S. China trade situation, President Trump has threatened more tariffs on chinese goods if no deal is reached, commerce secretary wilbur ross weighed in. China will have to make a deal that i like, if they dont, those tariffs are paid because they are devaluing currency and pouring cash into their economy, supply chains are being killed, the worst year in 57 years, with that being said, i have Good Relationship with china, we will see what happens, im very happy right now and if we dont make a deal with china, i will raise the tariffs even higher. Negotiators felt that there was no hope, they would have stopped, so clearly we think theres some hope but as the president has repeatedly made very, very clear, hes okay either way,ty like it is tariffs we are collecting. Maria this also is an indication to remind everybody that every day when we hear the rumors the president is deciding to lift all tariffs like we did two weeks ago when the Chinese Commerce ministry floated that out there is not true, the president calls himself a tariff man, he will not lift tariffs until he has a good deal and the tariffs want all the tariffs lifted, i dont see that happening at all. Jon what this boils down to right now whether we lift any tariffs, if theres some kind of phase 1 agreement we will not increase more in december. What the chinese are asking for is we start lifting tariffs in exchange for agricultural purchases, they want the september round of tariffs removed in exchange , you know, one of the things that we can say at this point about this whole is that, you know, the u. S. Efforts to fundamentally reform and change chinas economy is not on the radar screen before this election, maybe theres some kind of deescalation agreement and it really comes down to what if President Trump wins agriculture. Maria this is a culture, ive said many times, chinese have been stealing intellectual property, forcing the transfer of technology, this is what they do. Maria their whole model of how they run the economy, stateowned subsidized, they are doubling down on that. In that respect, we are not winning the trade war. Dagen information coming out every day on what china is up to, i will point to senator of subcommittee, u. S. Government is Funding Research for hundreds of scientists at american universities and labs who are effectively under contract to turn over their findings to china, you to follow this day in and day out and you have for years astonishing as the wall street journal pointed out taxpayer flow to go researchers under contract with beijing. Maria absolutely. I think the president lowhanging fruit, theyre not going to back off, they have a discipline framework. Dagen something something that we should be funding, our taxpayers should not be going straight to the communist government. We want people coming here and studying and researching, we have an open Academic University system. Maria they take advantage of it. Jon yes, now we have this problem, how do we let in researchers and turn around and go back to china we are not used to dealing with this kind of this is academic 5g, hauwei, these are big future growth of the economy. Maria what is hauwei, asset of retail networks. Absolutely. Maria right there its stolen property to begin with. Then theres the impeachment inquiry, 3 new witnesses will be in the hot seat today, focus on u. S. Ambassador to the eu gordon sonland, griff jenkins, it was a marathon yesterday, i dont think it ended until 9 00 oclock at night or Something Like that. More than 11 and a half hours, maria, good morning, it was a day and began with decorated army officer alex vindman that testified that the july 25th call was improper and inappropriate, he was joined along with Jennifer Williams, Vice President s aide. What agency was this individual from . If i could interject here, we dont want to use its our time. We need to protect the whistleblower. You testified in the deposition that you did not know who the whistleblower was or is. I do not know who the whistleblower is. Republicans also digging in after speaker pelosis fundamental charge that a crime was committed, listen. Youve never used the word bribery or bribe to explain President Trumps conduct, correct . No, sir. Colonel vindman, you havent either . That is correct. Volker, leading ukrainian policy for the u. S. , tim morrison, again republican veering in this time on the aide. Did the president of the United States ever say to you that he was not going to allow aid to the United States to go to the young rain unless there were investigations into barisma, the bidens or the 2016 election . No, he did not. At the end of the day chairmanship blasted republicans, maria, for defending President Trump. He ended up releasing the aid after he got caught. Republicans and democrats feel he can be a key witness because he spoke directly with President Trump in the afternoon, two more witnesses, pentagon official cooper and secretary david hale. Maria they want to get this done quickly because a lot of the senators they have to get to iowa in january. They do, indeed, theres a debate happening as well, in georgia, ill be heading down and interesting to see if any of this comes up as well, maybe give us indication of how this story is play tong campaign trail. Maria griff, great to see you, griff jenkins, crisis in hong kong, protestors not giving in as u. S. Lawmakers throw their support behind the activists, yesterday, live report coming on, earning season rolling on, target on the way, numbers and indication for Market Impact when we come back. As a struggling actor, 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. Maria welcome back, crisis in hong kong, Senate Unanimously passed a bill supporting the protestors and would compel the u. S. To impose sanctions on officials responsible for human rights abuses, former employee of the uk consulate in hong kong claimed that he was tortured by chinese officials, force today confess to crimes he did not commit he said, fox news correspondent Jonathan Hunt live on the ground in hong kong with more, jonathan, good morning to you. Maria, good morning, good evening from hong kong, we are once again on the campus of the Hong Kong University which is been the scene of violent standoff in the last 3 days and we are getting indications within the last hour that police here may be planning a final operation to flush out the few dozen hardcore protestors still hold up here on the campus, this foot bridge behind me here is one of the entrances the police will use, that arent many to the campuses but one that they would use presumably if they do decide to come in tonight. We are in kind of siege situation, on a raised piece of ground on this campus, maria, and this is the point of view of the students looking down on the police where they were throwing all of the cocktails that you can see lined up still on this wall, these were the fire bombs essentially that rained down on the riot police as they tried to come over the weekend, now only a few dozen students left on here, not the hundreds that were here over the weekend, so the police, if they do decide to come in tonight likely to face much less of a force, nevertheless we have seen a real hard core and i would say probably less than a dozen but they are armed here, maria, we have seen seen one carrying a bow and arrow and another caring baseball bat but theres the hard core that appear prepared to fight, we will be here if it happens tonight, maria. Maria wow, jonathan, thank you, Jonathan Hunt. 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Maria welcome back, markets are lower, dow futures down 122 points right know, markets are down following weak reports from home depot and kohls yesterday, lowes just reported earnings, missed on revenue, the stock is up, the company is also raising guidance so the stock up about 5 on lowes, very different story yesterday with home depot, more retail earnings expected later today including target, that should be out in the next 10 minutes, so we will get that to you as soon as it hits the tape. Technology on track best year in decade, story on that in the journal, ubs Global Wealth management american chief Investment Officer mike ryan, great to see you. How do you want to invest in the market today . First of all, i think you want to be engaged, one of the concerns we have despite the fact that markets are reaching new highs, what you have seen is level of participation is fairly low, cash balances are high, people still defensive; we still need engaged and diversified across because despite the fact that weve had people who are looking to participate in the market, theyre still pretty defensive and kind of staying in the sidelines. Maria theyre still staying on the sidelines but the market in record territory, how do you see this because you have a pretty good backdrop in terms of unemployment and the consumer and these markets are at record territory and they were looking at decline today, would you buy into the market today at these levels . First of all, to say any specific point where you buy in today, what i would say we remain invested, we have a fair allocation across the classes, preference right now is actually in the u. S. , we still think despite concerns of geopolitical issues, despite the u. S. Election issues, what you see is you pointed out consumer is fairly robust, the fed has cut rates and we also think as we begin to see on trade this would lead to rebound in Manufacturing Activity globally, they support Global Growth but they support jon can we talk about investment issue, investors had a year and a half, executives and managers a year and a half to digest how the u. S. China trade relationship is changing, are we at a point where its been digested and the market isnt going to go one way, one day the next day on every trade the notion is, okay, we know that this is going to be a long process, think about the dynamics of the United States and china, these have been evolving over the last 25 years. People will look to first of all, the way that we saw this play out with escalations, the question now do we begin to see deescalation, thats why i think the phase 1 jon if people stop worrying about every little back and forth tweet. One of the issues they are concerned about, one of the things that did show up was concerned about geopolitics in general and trade, i do believe if you start to see, no further escalation and beginning of framework where you see deescalation, enough to do two things, first of all, provide more comfort and support to consumers but more importantly more confidence to Business Owners, one of the issues is Business Investment has really slowed down with the trade conflict because of the uncertainty, do i build a plant, do i hire workers or not, will my logistics chain be secure and what price i would have to pay. Maria any evidence that itll reverse next year, something that i reported yesterday, nancy lazar expects that we have seen the bottom in terms of cap x, do you think based on the pulse that youre out with in terms of Business Owners, you think cap x picks up next year . I think it is does, but conditional, maria, we do need to see progress again toward deescalation of trade conflict, as you heard again last night, theres concern will this phase 1 deal go through, this might be the last bit of negotiating before we reach some kind of agreement, if we get phase 1, then i think you start to see a pathway for Business Owners to say, okay, i understand now that we will see a beginning of trade war and that gives me more confidence in terms of my investment decisions. Maria all right, and you are looking longterm over the next 10 years, are there things that you are looking for in terms of specific trends there . Yeah, we kind of labeled the next decade the decade of transformation and its transformation in a lot of fronts, some are going to be incredible by exciting and constructive like we see in terms of innovation and this will drive completely new industries and create incredible opportunities across Many Industries and sectors but also raise some dislocations, what will happen in terms of displaced employment, what will we see in terms of issues around privacy which is one of the issues right now, some issues that we focused on, we talked about trade conflict, beyond of what we are seeing right now. What you are seeing the pushback against globalization, now from theres in globalization winners and losers and deglobalization theyll winners and losers as well. Jon does america come out weaker from now . The u. S. Economy is still mows innovative, adaptive economy in the world, therefore, when we do see transformations the u. S. In leadership position. Do we see polarized political environment and we see a situation where the u. S. Has become less, less innovative in terms of more of the process in terms of developing technology and manufacturing has become offshore, so thats probably the concerns Going Forward. Dagen dont forget the globalization destroyed mall town america over the last 40 years and thats why youre seeing a pushback, its not a pushback out of thin air. Maria one of the reasons President Trump was elected. The sad thing when you say americas mows innovative country in the world, we used to say the same thing about hong kong. Really . Why would you say that . Jon hong kong was one of the most dynamic, businessoriented maria agreeable financial hub. Jon all im saying is things can change a lot in 10 years . It can. Jon its sad whats happening in hong kong. If you look historically, te u. S. Has to innovate. We remain as preference market, long decade, im sure theyll be lots of pivots there, right now we think the u. S. Is well positioned in terms of what the u. S. Leads in and the next generation of technologies. Maria do you think manufacturing comes back, manufacturing is one of the weakest in the economy . The thing we have to be careful being tie today manufacturing rebound, the only sign of economic strength, remembering manufacturing accounts for less and less of gdp growth especially here in the United States, you want to focus on the other things one of which you cited, maria, consumer is in relatively good shape, lowest Unemployment Rate in generation, personal Income Growth is positive, remember debt service and costs are low as well, those things suggest the consumer cycle can extend. Maria target is out and beat on earnings line, mike, great to see you, mike ryan with ubs. Ashley looks pretty impressive, maria, eps coming on adjusted basis of 1. 36, easily beating 1. 19 on the estimate, revenue 18. 7 billion, the estimate 18. 49, so nice beat on the top and bottom line, just going through some of the headlines here, they are raising their fouryear guidance, also we can see comp sales 4 and a half percent, gross margin coming at 30 , comp traffic also up more than 3 , overall this is a strong report, as you can see in premarket, the stock up more than 7 , of course, critical for target as being the digital platforms, im waiting to see what kind of comp comparable Digital Sales grew 31 , they grew 34 in the second quarter, so not quite the same strength as we saw in the last report but still pretty impressive, you know, Ceo Brian Cornell said that he aims to make target americas easiest to shop store and big part of that as we know is the digital, the driveup service, sameday delivery and, again, those digital comps up 31 , pretty strong report, indeed, maria. Maria really is, the stock is on fire, ashley, up almost 8 right now on target, interesting to see how bifurcated retail is, we have been talking on the other direction with home depot, reaction. Dagen there are a lot of winners in the retail space, look at walmart and now target, you had tjx, lowes not that bad, again, one thing benefiting the consumers is gas prices, reasonably low and lower Interest Rates. Maria unemployment at 50year low. Discretionary spending, debt is being controlled, theres confidence, target, walmart, these are all great things speaking to the economy, thats good for the financials. Maria i love the fact that we are raising the guidance. Jon you cant take a couple of misses of home depot and say its weak. Maria good point, we will talk about congressional approval next, stay with us. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. 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I dont even want to think about it. Comcast business has a solution. We go beyond fast with a cloudbased Security System that automatically updates, so you always have the latest protection. Phishing. Malware. Risky sites. It can help block all of that. Its one less thing for us to worry about. Comcast business securityedge automatically protects all the devices on your network. Call 18005016000 today. Maria fox business alert, target shares surging this morning, track for record high when the market is open, stock up 8 after the retailer reported better than expected earnings, raised fullyear guidance, Digital Sales better than expected, compstore sales as well, the stock on fire, standout in the retail space, we heard from lowes and that was beat on the earnings but miss on revenue. Budget showdown averted, house lawmakers pass spending resolution keeping federal government funded. Joining us right now former Mccain Campaign adviser, former Congressional Office budget director, doug akin, thank you so much for being here. Good morning, maria. How are you . Maria we will be living from continuing resolution to continuing resolution, we have another month here, how do you see things . I think thats exactly right, theres no genuine agreement on how to spend the money underneath the totals they agree today agreed to last summer. They dont really agree, the border wall is the key contention and i think when we get to december 20th, we will see another continuing resolution and i wouldnt put it out of the possibility that theyll just do it for the whole year. Maria this is all politics, then, doug, i mean, instead of just funding the military and understanding what the military may need we are getting, having fights over the president s use of certain moneys to build the wall and its a small number in comparison to the budget. Its an incredible by tinia number to tie up all tinny number to tie up all of this. It was exactly one year, in 2017 when the president sort of did National Defense strategy, put together a plan, went to congress and said this is the money we need to do it and they funded the military based on the threats facing the United States. Every other year its been all politics, we are really damaging our capacity over the long term with protracted budget negotiations. Jon doug, Jon Hilsenrath here. Hey, jon. Jon we are now running trillion dollar deficits, whenever we write about this in the wall street journal it really angers an bothers our readers, why cant the government balance its own budget when i have to every day, when you talk to people in washington they dont seem to be that concerned about it, when you talk to economists they say, well, Interest Rates are very low, so we dont have to worry about it, whats your view trillion dollar deficit is a problem . There are a very big problem, on the Interest Rates, sure, its great that interesting rates are low but thatll be important only if you were having deficits because of interest costs, throw out interest costs and you have a big gap between revenues and spending, our fundamental problem is the primary deficit, the primary deficit which is the noninterest component is driven by mandatory spending, you know the numbers, Social Security, medicaid, Affordable Care act, the large entitlement spending programs and theres no appetite to take on the very real need to reform these both from a budgetary point of view and point of view that the programs arent serving beneficiaries very well. Jon lets talk about priorities too, we have the big fight with china going on right now, the government is pouring all kind of money into its favorite entries, semiconductors, stuff that they think will dominate the 21st century, we are not spending a lot of money on on research, you know, basic research, are we going to fall behind the chinese and we are just giving money away maria in some areas i think we have. Its a really good point, i mean, we have 3 problems in the budget, one is the revenue spending, two is the fact that the programs driving the spending dont perform really well, social securities and medicares, we are spending our money on legacy programs like Social Security that are largely giving money to the elderly and to other targeted populations and we are underfunding the things our founders saw as the role of government, basic research, infrastructure, education, national security, and so the mix match of where the money is going is going to hurt us. Dagen ly add one thing, the more money we have to borrow the more power we hand to china, that is who we are borrowing the money from, its one of the top two largest owners of our our outstanding debt in terms of foreign owners and its just maria look, we are focused on impeachment, thats all thats taking the oxygen out of the room, the budget funding as well as usmca, house ways and Means Committee chairman weighed in for timeline on usmca. I agree with that, i think that it would be a good idea also to i think it would help stabilize markets. [inaudible] you really think usmca can get through in the time frame . I do. Maria whats your reaction, doug, do you think we will see this come to the floor by the end of the year . I think its pretty simple, the speaker is holding usmca for those moderates in her caucus who need some help and when they go and take Impeachment Vote they will need the vote and hold the vote in usmca. Then youll see more progress on usmca. Maria sad state of affairs when its politics driving the important decisions, isnt it . Yeah, i think weve gotten used to it but, you know, its important to to emphasize people watching it. Things on budget deficit, we are every day paying the price of the large deficits because they are eating capacity to invest in the future, thats the price we will pay. Maria doug akin, in washington. Sports car maker launching first suv, to attract female buyers, how you can spend the night, back in a minute. T. Rowe price. Invest with confidence. Wow giving one. How did you guys. . Dont ask. The lexus december to rembember sales event get 0 percent apr for 60 months on all 2019 models. Experience amazing at your lexus dealer. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Thlook at all this ink no more bit comes with. Es. Big ink tanks. Lots of ink. No more cartridges. 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Well, Ashton Martin looking to appeal to female buyers, the maker of the james bond car, the legendary car maker launching first ever suv and asked for design help from a female Advisory Board for certain features like armrest in the center and the design of a glove box, production expected during second quarter, company with multiple bankruptcies, gearing up for christmas by offering a special suit that celebrate it is hit 2003 movie elf which starred will ferrell, surrounded by paper snowflakes, theres all the pictures as you can see, suite available december 2nd, rates 400 a night, maria, because you know what, christmas has already told you as i told you multiple times. Im not sure thanks give asking happening anymore, we are going to jump right over to christmas. Maria fewer days, thank you. Coming up, did you want to Say Something . Dagen whats your favorite color . [laughter] maria good news with those with peanut allergies, new treatment could curve severe reactions, scientists with more testing, we have the story back in a minute. For every dollar you spend at a Small Business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. Exclusively at zales, people talking for every dollar you spend at a Small Business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. Thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. 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This is a big deal. This probably gets them very excited, however, we have to pump the brakes just a little bit because this is the small study, 20 participants, we call this a pilot study because its very preliminary. Lets talk about exactly what an allergy, an overactivation of your immune system to something foreign, so what happens is your body identifies the foreign nutrient or molecule and then has overreaction to it. What the study did is it targeted that signaling molecule within your immune system and shut it down and did a very good job in doing that, however, now that we have this information, we have to figure out dosage, we have to figure out what patients are going to get the most use out of this, does this work only for peanut allergies or many others and we suspect that this breakthrough treatment will work not only on peanuts but many food allergies. Maria not just the 2week period that we should be celebrating . We should be celebrating that we are making progress in the field because the rate of peanut allergies are going through the roof. I was on an airplane this year where a young man went into shock and i had to sprint into action and give him and epinefrin injection. Dagen wasnt epipen. To tel aviv to israel, i jump in, volunteer, see that the young man is going to shock, he didnt have an epipen and they didnt have an epipen on board for this flight and i was luckily able to find epinefrin, give a huge injection as oppose to injectors dagen im not joking, its very, very large. Maria harp how did your patient handle that . He was not happy with me in the moment but immediately after when his throat started opening up and could breathe he was much happier and saved the mans life. I hope they put you in first class. Maria you know, its funny we didnt have to divert, the people on the plane, instead of applauding me and saying thank you for saving the young mans life, the thank you i got was for not diverting the plane. Maria 9 out of 10 people who think that are allergic to penicillin actually are not allergic to penicillin. Many patients that would benefit from penicillin antibiotic, look, dagen right here prime example. Dagen its very easy and tolerable. Tolerable, first line, other medications have more side effects and increase rates of resistance, what the study found that the majority of individual that individuals they are they are allergic they will grow out of it, talk to your doctor, find out if youre truly allergic. Dagen i am so on that because i have a penicillin allergy that ive had from childhood and ive never taken penicillin as an adult, i will roll the dice. Jon i dont know can you define what allergy is . Overreaction to immune system to molecule. Jon foreign body. Sounds like politics in america. Overreaction to foreign body. Maria dr. Mike, great to see you, thanks for saving the persons life, hazards for the holidays, a new list with dangerous toys as we keep eye on retail earnings, next hour on mornings with maria, stay with us. Woman my reputation was trashed online. I felt completely helpless. My entire career and business were in jeopardy. I called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. Including your Interest Rate right by locking in a fixed low rate today. And you can get your money right with sofi. Check your rate in two minutes or less. Get a nofee personal loan up to 100k. Maria welcome back. Good wednesday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It happy wednesday. Your top stories, just before 7 00 a. M. Retailers in focus, tar he get is surging after beating expectations and raising full year guidance. Take a look at the stock, up better than 9 . Lowes missed on revenue. It raised the outlook for the rerest of the year. China trade turmoil is the story for markets this morning. President trump is threatening tariff increases if china does not make a deal. The Divisions Holding up phase one of a deal, markets are under pressure. Technology in america, President Trump and apples ceo tim cook headed to techs as today to tour one of the Technology Giants manufacturing plants to see how the apple mac is made, as the possibility of more tariffs on goods from china still looms. Apple shares are down a fraction this morning. Broader market lower, although off of the lows of the morning. Dow industrials down 77 points, s p down 7, nasdaq futures are lower by 30 points. After another record day yesterday for the nasdaq, the dow and s p 500 ended the day off of their highs but the nasdaq in unchartered territory once again. New high there, 8570 on the nasdaq. Global markets look like this, european indices are down across the board. Fq100 down 75 points, cac down 27, and dax index lower by 102 points. China trade uncertainty, continued protests in hong kong putting pressure on stocks in asia overnight as well. Worst performer was korea, down 1 and a third percent. Ubers self driving crash, find out what officials believe caused the deadly accident involving one of the self driving cars. The most dangerous toys, from choking hazards to dangerous chemicals, what you need to know before you head out for the Holiday Shopping season for the kids. All those stories coming up. Joining me to break it down, dagen mcdowell, ken leon and wall street journal Senior Writer, johns hill hill. Hill senshilsenrath. The consumn the economy and the recovery. You dont see any cracks in the consumer. We dont see cracks. The market six weeks ago shifted from defensive to cyclical sectors, consumers a key part of it. Third quarter looks to be a great print. Fourth quarter, a little weaker. But then 2020, 7 or 8 overall earnings growth. Economy is strong. Its all driven by the consumer. We would stay overweighted with the u. S. Stock market. Maria were going to talk about that today. We were talking in a break about how when a layoff happens now the u. S. , its a totally different dynamic than it was five, 10 years ago. A layoff five, 10 years ago was basically a sentence to 18 months on unemployment. Today you get laid off, you get stooped up by scooped up by some other company. You get severance and sometimes you get a pay raise. Maria thats an indication of a strong economy. When people are confident enough to say im going to quit and get another job. Not only that. Also, when they get the new job, the average is 4 or 5 increase in their salary. Maria good point. Thats positive. So the Tipping Point to a negative scenario is anything related to jobs. And so far the picture looks good. Consumer confidence is very good. And earlier today the discussion, the Household Budget is good. Lower fixed debt, more opportunity for discretionary spending. Maria our top story this hour is the impeachment inquiry. What a day yesterday. And today four witnesses four witnesses took the stand yesterday. Lawmakers clashed over the whistleblowers right to remain anonymous. They began with Lieutenant Colonelal ecolonel alex vindman. In the afternoon, kurt volker said withholding the aid was nothing out of the ordinary. Watch this. We dont want to use these proceedings its our time. We need to protect the whistleblower. Please stop. I want to make sure that theres no effort to out the whistleblower through these proceedings. Mr. Vindman, you testified in your deposition that you did not know the whistleblower. Ranking member, please. Lieutenant colonel vindman, you testified in the deposition that you did not know who the whistleblower was. I do not know who the whistleblower is, that is how is it possible for you to name these people and then out the whistleblower . Per the advice of my counsel ive been advised not to answer specific questions about members of the intelligence community. When the aid was held up for 55 days for ukraine, that didnt in and of itself strike you as uncommon . No, its something that had happened in my career in the past. I was never involved in anything that you i considered to be bribery at all. Did anyone at the white house ever ask you to bribe or extort anything out of anyone at any time . No, sir. Maria meanwhile, President Trump celebrating after yesterdays hearings, calling it a, quote, great day for republicans. Today we will hear from gordon sondland, laura cooper and david hale. Joining us now is Fox News Contributor byron york. When i saw it was still going at 8 00 p. M. Yesterday, what was your takeaway . Got a little tired by the end. Actually, the important thing about yesterday was it was the first day that we got a hint that there was a difference of opinion inside the government about the phone call. The morning hearings, Lieutenant Colonel vindman and Jennifer Williams were both democratic witnesses and vindman said he was very disturbed and thought the president s behavior on the phone call was wrong or improper. Then you had two republican witnesses afterwards, tim morrison and kurt volker. Morrison having been on the call, he was colonel vindmans boss and they were not disturbed by what they heard on the call. So this is the first time you get the idea that different people listen to the same thing and had different impressions, which is the key to this whole impeachment mess. Maria so hows it going from your standpoint . I think its a rough slog for democrats. They think they have a mountain of evidence. They think they have enough to move forward. Maria they say it, anyway. Right now. Maria i dont think if they think it but they certainly say that. Its a very complex story that depends on ones opinion and viewpoint going in. And what weve seen in the polls is the number of the people who dont like trump, theres about a third of them who want trump to be removed immediately and about a third who want the democrats to drop this all immediately and a third in the middle are getting bored. So its been a difficult slog. But i feel certain theyre going to go ahead and impeach the president. Dagen cbs chose to dump out of the impeachment hearings in favor of the young and the restless yesterday, which was probably a wise decision. You can watch it streaming online. Byron, again, a congresswoman elise stef a anik had a Crystal Clear moment when she was questioning Timothy Morrison and kurt volker. She just went she just went shotgun fire, boom, boom, boom, boom, boom. Have you seen any evidence of quid pro quo. No were the answers. Any evidence of bribery, no were the answers. Any evidence of treason, no were the answers. Republicans have actually made pretty effective use of this whole democratic bribery thing. The democrats have been casting around for quite a while of what to accuse the president of doing. It started with a Campaign Finance violation. Boy, that was really complicated. Then there was a quid pro quo, some people suggested extortion and then they actually conducted a focus group an in some key sts and found that people like the idea of bribery, they thought that was that sounded really, really serious and it had the added advantage of actually being in the constitution because the constitution says the president can be impeached for treason, bribery or other high crimes and misdemeanors. So they settled on this bribery thing. It doesnt make a lot of sense to people. They try to put the facts of the case into the definition of bribery and its a very difficult fit. Maria i dont know that i mean, theres a poll out that says independents are losing interest here. I just dont know if the average guy or gal out there is able to follow everything thats going on in this hearing and i think that you saying that they changed to go to young and the restless, i think people were changing the channel. The question is what the upcoming debates, do the democrats want to talk about impeachment. Maria lets talk about that. Looking at their positions maria we have a debate tonight. Pete buttigieg gaining major ground you ahead of tonights president ial a debate. The indiana mayor recently surged to the top of the iowa poll, days later a New Hampshire poll places buttigieg at the top of the pack with a 10 point lead. You make a great point in terms of the debate hand the democrats will be talking about tonight. Ahead the field for us ahead of the debate. What the buttigieg surge shows were not totally sure about the ne new ham new hampsh. He is popular in iowa and is on the move in New Hampshire. It shows the split in democratic primaries. Its a racial and ethnic and cultural split, because you have iowa and New Hampshire. Overwhelmingly, were talking 90 plus percent white voters in the primaries and caucuses there and then all of a sudden the race begins to look like the Democratic Party. A large number of African American voters in south carolina, significant number of hispanic voters in nevada, and joe biden has double digit leads in both of those. So what this race is showing is that these divisions inside the Democratic Party and its not clear how its going to work out. The biden issue, tonight with the debates, is that really going to come up, given they want to gain in the polls or is it something were really not going to hear about . Do you mean the Biden Ukraine issue . Absolutely. This is look, this is something democrats have said, this is a republican conspiracy theory, a trump conspiracy theory, theres no there there. I do not think that any democrat can bring this up against the former Vice President and prosper in the polls. As weve said before, the age issue with biden is always there. Thats a real issue. Its there. By the way with biden and Bernie Sanders and if he gets in with Michael Bloomberg as well. You just mentioned bloomberg. Hes not going to be at the debate tonight. What are his chances . Well, you know, every four years Michael Bloomberg hears something that no other american hears which is a ground swell of support for Michael Bloomberg to run for president of the United States. There appears to be no indication that theres much public support for bloomberg. If it were not for his 52 billion fortune, which means he could selffinance a Campaign Start to finish, if it werent for that money, nobody i think would be taking this very seriously. Now, duvall patrick, the former governor of massachusetts, who also has almost zero chance, hes actually gotten in the race. So he hell be out there not at the debate, but he will be out there campaigning. Unlike bloomberg, who is apparently still thinking about it. Dagen i said this before. Mike bloomberg needs to do at least a 30 day jerk cleanse before he can get in front of actual voters in this country. [ laughter ] maria how does he do that . Dagen take is just a fact. Maria how does he do that. Dagen i talked about joh john kasich needed to degrum p if he decided to run. The same applies to Michael Bloomberg. President trump loved getting in front of voters. He loved arriving at a small town in the middle of america and has a genuine affection for the people and their problems. Mike bloomberg, not so much. Maria Hillary Clinton called them deplorable. Trump and the 2015 campaign, contrasting to bloomberg. In may of 2015, i wrote a piece about Trumps Campaign in iowa. At that time he hired an excellent political operative p. He had more staff than other people. He was getting bigger crowds and he had spent more time on the ground in iowa than cruz, rubio and jeb bush put together. He was actually serious. A lot of people were saying he was a clown, a carnival barker. There was a Real Campaign going on. Contrast that to bloomberg, theres nothing happening. Maria byron, thanks so much. Coming up, uber crash blame, the ntsb pointing the finger a year after a deadly crash involve ago a self driving car. The boards decision when we come back. Foul play, we have a list of the Holiday Seasons most dangerous toys. Youll want to see this list. Back in a minute. I want you to know. That its a sign. You and me in the same light. I want you to know that im all yours. You and me were the same so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. Exclusively at zales, i am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Maria welcome back. A political faceoff, less than a month before britains election, Cheryl Casone with headlines now. Cheryl it was Something Else across the pond. Boris johnson and Labor Party Leader Jeremy Corbin held a heated debate. Brexit a big point of contention. Mr. Corbin is trying to conceal the void at the heart of his brexit policy and refusing to answer the question of which side he would pick, the public has a right to thank you. Just very briefly i made the position clear, we will have a referendum, we will have negotiations and abide by that result. Cheryl there was more. They also sparred on the economy, the nhs and britains status as a probusiness hub. A poll after the debate showed 51 of u. K. Voters thought johnson won. The ntsb said a distracted driver was the main cause of the fatal 2018 crash that involved one of ubers selfdriving cars. The board condemned the lack of state and federal regulation for testing the autonomous vehicles. The uber crash was the first one involving an autonomous test vehicle. It forced other companies to tap the brakes on their own models and their own testing. And are you ready to buy gifts for the holidays . The toy safety organization, world against toys causing harm, released the list of the top 10 hazardous toys this season. The nerf ultra one dart gun tops the list for the ability to fire projectiles that could cause eye injuries. Others offenders, the slime kit which kids might eat. The you power ranger electronic cheetah claw is made of rigid plastic that could cause harm if swallowed at home. The issue of the slime, sometimes kids like to eat green things that theyre not supposed to. Slime is on the list. You might want to be careful. Maria thats an important list. Cheryl it is. It is. Maria coming up, protecting yourself from scams ahead of the Consumer Financial Protection Bureau will weigh in on how to stay financially safe. Plus, taking politics out of everything, even uno, the popular card game go apolitical. Details next. Stay with us. That would be all right. That would be all right. If everybody everywhere had a little bigger piece of the pie. Wed be living us a pretty good life. Managing type 2 diabetes . Audreys on it. Eating right and staying active . On it audrey thinks shes doing all she can to manage her type 2 diabetes and heart disease, but is her treatment doing enough to lower her heart risk . [sfx crash of Football Players colliding offcamera. ] maybe not. Jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. So it could help save your life from a heart attack or stroke. And it lowers a1c. 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Dealing with debt, collection issues can be tricky, especially if youre not sure youre dealing with a legitimate contact. The Consumer Financial Protection Bureau released a new video on how to protect yourself from scams. Watch. If you want to spend the next week at home and not in jail, youll give me your bank account or debit card number right now. Now, a real debt collector would never do that. Legitimate debt collectors know its illegal to threat tone have someone arrested for not paying debt. This is something that scammers do all the time. Scammers will try to pressure you to make a decision so fast you dont have time to think about what theyre saying. Thats why its important to ask questions, get fully informed about the debt, and not be pressured by a illegal threats. Maria joining me now is kathy kraneger. Thank you for having me. Maria i feel like this happens to my parents a lot. I mean, seniors are under attack, huge. Theyre getting calls, press this and then give me all your savings, give me your Social Security number. How can you detect when its a con artist and when its real. Were issuing this video. We have a lot of materials for consumers to look at. Certainly for caretakers to help elders because Older Americans are more vulnerable. At the end of the day, it is really about understanding that true debt collectors will tell you who the creditor is, tell you how much you owe. They certainly will not pressure you or claim theyre going to tell your employer or tell your family members. Thats not a appropriate behavior. But thats what the scam artists do. Maria is this picking up in terms of the volume thats happening . I feel like it is because the cell phones, theyre even trying to scam your cell phones. Usually it was a land line when you would get the calls. I think its just because were more available so were certainly more atune to it. The volume is not substantially greater necessarily but the modes to communicate with people and to try to scam people obviously are myriad. So all those ways that we communicate with our friends and family and our coworkers, the same way that scam artists try to get to us. Maria where are the priorities right now for the bureau . Quite a few things. Financial education is a huge part of our mission that Congress Gave us. And were trying to find the gaps where we can be a trusted source of information to consumers about the marketplace. We also have to set clear rules of the road for all of those institutions that are trying to comply with the law and want to do the right thing by their customers. So we have a lot of regulations and examination of those institutions. And then the last thing i would say is effective enforcement. These scam artists and others who have clearly no intent to comply with the law, we need to take effective action against and prosecute. Maria and the bureau later is releasing a request for Public Comment on how it should assess integrated disclosure rules, truth in lending. Tell us about that. Its an interesting thin, again. Congress decided that we should combine the disclosures associated with two laws, it was a very complex undertaking and so we put that out. Thats why youre getting a lot of different paper in the mortgage process. And so figuring out how we can improve that. Weve got innovation policies that were really looking for streamlined, simplified disclosures and these that are willing to pilot those with us so we can get good data about what works, telling consumers what they need to know but not overwhelming or overloading them. We have too many disclosures that people click through and dont read. Maria yeah, thats true. I want to ask about Financial Wellbeing. You have a report, Financial Wellbeing by state. First, auto loans, consumers, sales people, lenders, treating cars like houses during the last financial crisis, piling on debt that often exceeds the value of a car. Greapiece in the journal about y who wanted to buy a ford tore 25,000 but the loan was up to 45,000. Do people not realize you just doubled the price youre going to pay for this car with these loans. We have great tools online to help people make good decisions about this. A car is a depreciating asset. Its about getting you around. Thinking about that and realizing that the payment cycle for the loan, you need to think about how long you intend to have that car. And you also have to think about things happening whether youre in an accident or otherwise, again, challenges with paying off, youre still responsible for paying off the loan. Maria when i speak with lenders, the auto market comes up as a weak spot. Is that large enough to cause concern that the debt in the auto lending market would cause a bigger issue or is it just still a small component of things . In the larger macroeconomic sense its certainly a smaller piece of puzzle. For the consumer that is affected its a big part of their lives. Trying to help them understand and make the best decisions for themselves is the important part of it. Maria there was a Financial Wellbeing report with state by state comparisons, lets talk about the report. It shows an average Financial Wellbeing score was 52 in 2018. Is that considered a good score . It is not a great score, i will say, in terms of the median score. But what i can tell the you is that this is, again, a good example of us trying to find a gap. How do we measure how people feel about their money and how confident and secure they feel. This is a survey tool that we are encouraging everyone to use and that weve been taking a lot of Interesting Data from. So people do build with their savings as they build savings, they feel more secure about money, feel more confident about money. We do find savings has a huge connection to Financial Wellbeing and better financial seasons. Maria when you feel like youve got a nest egg, your behavior will change because youre feeling more confident. But when youre taking on all a of this debt, you may very well be continuing to take on debt and making a situation even worse. Exactly. Exactly. Maria what should people do in terms of firming up their own Financial Balance Sheet . Quite a few things. I mean, first is really actually sitting down and understanding what you spend and what your liabilities are, certainly what debt you have. There are a lot of resources to help you think about that, cfpb. Gov has many of them. Thinking how you pay off debt, manage debt, how you look at your credit, raising your credit score so your cost of credit goes down and then certainly figuring out how you pay yourself first and how you save. Maria and of course these scams dont help, what we began the conversation on this, this debt scam and how to protect yourself. Is it more prevalent with seniors . Certainly all vulnerable populations and seniors are one of them, yes. Maria and why is that . Because of more use of cell phones and theyve got cell phone numbers . Comfort with technology certainly and diminishing capacity as people age or at least the expectation of that on behalf of the scammers. So theyre definitely going after people who they think theyre going to get money from. Maria one possible scam or idea for the scammers is to make believe that they are the irs, were calling from the irs, we need you to send us this money immediately. The irs wouldnt necessarily call you on the phone, right . No, definitely not. Maria they would definitely not call you on the phone. Exactly. They certainly wont ask you to share Bank Account Information or Social Security number over the phone as a first contact. Thats not appropriate. Maria so what about that . People need to understand that. A lot of times my mom will get a phone call like that and ill say mom, the irs will never do that. How will the irs if they need to reach you, reach you . They send you a letter, frankly. You can always go online, look up the legitimate phone number you should be calling. Always hang up on somebody that calls you unsolicited. Thats not the way these agencies will come to you or a responsible creditor will come to you. You should initiate that by looking up the right phone number, the right contact and can validate that. Maria its amazing to me how severe and how incredibly high these numbers have become in terms of how many calls people get. Tell us about what youre doing, kathy. I mean, its been almost a year, is it a year that youve been named to the head of the bureau, hows it going . Are you still in the process of slimming down the bureau in terms of allocating different resources . Initially Mick Mulvaney was out, saying were going to be cutting the fat from this agency. Where are we in that regard . Were focusing on what our Statutory Mission is and thinking about how we align the resources to it. So there was a hiring freeze in place which i thought was completely appropriate. And what we did was i challenged the managerses to look at the priorities ive set and focus in on the right staff to do those jobs and to regularly hold them accountable for that. So we now have a staffing plan and were executeing to it. Were going to think about every hire and whether we truly need it and at what pay level we need that hire. So a lot of examples of that in terms of just effective maturing of the organization. Its only eight years old. Ive been there 11 months. So its definitely something that were all working on and committed to, how we can do this better. Maria we will leave it there. Kathy, great to have you. Thanks so much. Well be right back. 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. Hi honey, we got in early. Youll pay no commission yeah, and we brought steve and mark. Experience the power of sanctuary at the lincoln wish list sales event. Sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first months payment. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. When i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. Maria welcome back. Good wednesday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is wednesday, november 20t november 20th. Your top stories, 7 35 on the east coast. Retailers in focus this morning, target surging off better than 9 after beating expectations and raising full year guidance with the earnings. Lowes missed on revenue but raised the outlook for the rest of the year. The stock is up better than 4 . Technology in america, apple announcing a big expansion in austin, texas as President Trump and apple ceo tim cook head to the state to tour one of the tech giants manufacturing plants. All while the threat of more tariffs on goods from china looms. Futures are under pressure this morning as more worries over a deal persist. As you can see, dow industrials down 77 points, s p futures down 7 and nasdaq futures lower by 26. This on top of another record high yesterday for the nasdaq. Dow and s p ended the day off of the highs. The nasdaq reached another alltime close at 8570, unchartered territory. Glow Global Markets are weaker. Fq100 down 56, cac down 20, dax index in germany lower by 85. China trade uncertainty, continued protests in hong kong putting pressure on stocks in asia overnight. The hang seng was down three quarters of a percent as was the shanghai composite. All those stories coming up this wednesday morning. Our top story this half hour, two jail guards in charge of watching Jeffrey Epsteins cell accused of napping and Online Shopping instead of making required rounds every 30 minutes. Video surveillance showed nobody approached epsteins cell between 10 30 p. M. And 6 30 the next morning on august tenth when epstein was found dead. The chief medical examiner ruled his death a suicide. However, conspiracy theories abound. The department of justice is refuting that he could have been murdered. The fbi is investigating the possibility a criminal enterprise was involved. Joining us right now is fox news senior judicial analyst, judge Andrew Napolitano and it could very well be that those guards were paid or told to not move. Such a tantalizing phrase, criminal enterprise. Maria why not get up to check from 6 30 at night to 10 30 in the morning . If they were paid to do it, the government has an affirmative duty to find out who paid them to do it. So the story as told by the indictment is one in which the government actually indicts itself, that they should be asleep for two hours at their desks without a supervisor knowing that they were asleep for two hours, that they should be wasting their time looking for sports scores and motorcycles on websites rather than what theyre supposed to do. What the indictment does not tell you is that epsteins cell mate was mysteriously removed from the cell the day before he was killed, that the video camera in epsteins cell was not working, and that the video camera immediately outside epsteins cell was not working. Maria come on. This is incredible. It is incredible. Add to that the most respected medical examiner in the United States of america, whom many of us know, i know him because he testified before me in my court in new jersey many years ago and we developed a friendship. Full disclosure, im a friend and fan of his but hes is truly brilliant and gifted. Mike boden says the broken bones are not consistent with suicide. Its impossible for a person to break his own bones in the way these were done. Its only consistent with home seemed all of that is why the fbi is still investigating this. Maria this guys business was blackmailing, right . He had all these videos of people who went to his island and his house and then he would blackmail them. A lot of people said thats how he made money, blackmailing people. If you ask the hedge fund and equity guys, theyre going to say we never heard of him. He made his money by some means. Its the theory this was the means. Lets put it this way, if i can come to the end of what youre about to say. Theres a lot of people who wanted him dead. Maria thats right. A lot of powerful, wealthy people wanted him dead. Maria go ahead, john. When this medical examiner tells you it looks like homicide, as a judge who had this medical examiner in front of him, youre saying this is a credible person. Absolutely. Dagen hes credible because he was the chief medical examiner in new york city. Hes probably the most famous pathologist alive in America Today and he found credible evidence of homicide. I think a lot of americans are looking at this, like i dont know what to believe. But i just want to establish that this is a very serious credible person. Yes, it is. The indictment of course, it mentions the two guards by name, one male, one female. Theyre the defendants. It also mentions other people by person one and person two, employees of the federal bureau of prisons. So this is not an indictment about a conspiracy involving others. The conspiracy in this indictment is between the two jail guards who agree, according to the government, agreed together to falsify the records. The charge is the agreement, the conspiracy, and then each record that they had i would like to hear what they have to say, who was telling them how to behave. Maria . The government has bn negotiating with them for a week to get them to plead to what we call an information. An agreement between the defendant and the government bypasses the grand jury. Whatever the government offered them and whatever they offered the government it didnt work out. Thats when the government got the indictment. So i think theres more here than meets the eye and more than the government has revealed. Dagen and then the most disastrous Television Interview ever done in the history of television, prince andrew. That you know, that also stirs the pot in this case. Maria now we know that Kevin Mccarthy sent a letter to abc news saying why wasnt the interview aired as amy robach talked about on her open mic moment. Dagen with virginia dufree. That is a profound issue, the abc news issue, because the government a alleges that human beings were harmed by epstein, between the time that that interview could have been aired and the time epstein was arrested. Maria so theres a lot of legs to the story. Judge, well keep following it. Thanks so much. Coming up, more problems for boeing to report, federal officials telling the company it has to fix thousands of jets after a deadly southwest incident. Then, record setters in studio, the harlem globe trotters in studio this morning talking about the tour and their shoutout. Back in a minute with that. All around the world. The best is yet to come. The beat yall. The beat yall. 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. Im a regular in my neighborhood. Im a regular at my local coffee shop and my local barber shop. When you shop small you help support your community from after School Programs to the arts so become a regular, more regularly. Because for every dollar you spend at a Small Business, an average of 67 cents stays in the community. Join me and American Express on Small Business saturday, november 30th, and see how shopping small adds up. Maria welcome back. Another headache for boeing. Cheryl casone on headlines now. Cheryl the National Transportation safety board says the company should redesign the engine cover on 737 next generation jets. This is not the max. A passenger was killed last year when a fan blade broke on a Southwest Airlines 737. And a handful of these planes have been grounded to repair cracks in a part that attaches the wing to the planes fuselage. Theres tbhoang the premarch boeing in the premarket, down a quarter of a percent. Macys is reporting a data breach on the verge of the crate call Holiday Shopping season. Hackers possibly got their hands on the personal information of a small number of customers when they checked out online. That data could include names, addresses, credit card numbers. Macys notified customers the information may have been compromised. Macys up 1 in the premarket. We are expecting earnings from that company. And a classic card game is going pc, toy maker mattel is putting out a version of uno that is nonnonpartisan. Theyre not going to use red or blue cards in the game. Instead the cards will be orange and purple. Thats when you mix red and blue together. Mattel said on the website said no red or clue cards means no taking sides. Someone on twitter made fun of this, you know how you get a red or blue card this totally reminds me of politics, said nobody ever. Are we going too far with pc. Maria one of the stories on in the journal, blue jeans versus red jeans. Were seeing Consumer Behavior dividing along political lines. We looked at blue jeans. It turns out that levis are more popular among people in blue states with democrat leanings and wranglers are more popular among people in red states with republican leanings. It goes across a lot of other things. Starbucks red im sorry starbucks blue, chickfila red, nascar red, nba blue. Theres a chart in the journal i wish everybody would take a look at it. It shows how were dividing along even in what we buy, along political lines. Maria thats not good. Dagen the uno thing, this is not pc. Its a way to t get people to buy uno cards. Its like a gag gift. Its like the gift for the screaming liberal or screaming conservative at the Holiday Season to tell them to cool out. Again, this is just marketing. Its smart marketing. It is. Its thinking about your brand, where in gee offin geography yoe strength and subtlely playing color. Maria when we come back t globe trotters are here be in studio. The team setting records as players head out on a world tour. Before they go on the world tour, theyre going to be here with us. Stay with us. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. Exclusively at zales, i am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Only pay for what you need with Liberty Mutual. Any comments doug . Yeah. Only pay for what you need with Liberty Mutual. Con Liberty Mutual solo pagas lo que necesitas. Only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liber y drinking rum and cola. Underneath the rising sun. All you have to do is stay a minute. Just stay. All you have to do is wait a second. Maria all right. That was former new England Patriots star Ron Gronkowski showing off his dance skills last night. Taking a page out of my next guests book, the harlem globe trotters making a living on iconic moves like that. Theyre celebrating 94 years with a massive world tour, with a stop to ring the bell at the new york stock exchange. Were talking now with the globe trotters, the most traveled team in sports history, touching down in 100 countries throughout their career. Joining us now is big easy laughton, hammer harrison and torch george. Thanks for being here. We can dance a little better than that. Maria i was going to say, what do you think of his moves . So what is it like playing the most traveled team, playing for the most traveled team, you like traveling, right . We love traveling, its amazing. Check us out in our tours. Check us out on harlemglobetroters. Com to see where were going to be. Our tour kicks off the day after christmas. Go to harlemglobetroters. Com. Get your tickets. Theyre selling like hot cakes right now. Its a new show. Were going to push the limits every night on tour, were going to do a world record, were going to attempt a new world record. Theres something amazing, something new. Fresh show. We start everything over. Clean house, a all new bits, all new maria tell me about it. The teams pushing the limits tour starts next month. You play more than 2806 games in 30 countries 280 games in 30 countries. Pushing the limits, breaking the boundaries. We bring things to the game of basketball never seen before. This year we have the fifth quarter, never seen before in a game. So fans get to come out and its interaction with the fans, were going to sign autographs, have fun on the court with the fans. Maria this is your third year. My third season. Maria tell me about it. Im having a blast im. Living my dream, entertaining fans, putting smiles on faces. Truly a dream come true. Maria how important is the game versus the tricks and the dancing . Its really important, we are the best ball handler and best be l balbasketball players in t. If the ball doesnt go through the hoop, you dont care. We have to make the shots. Maria what about basketball today . Youve seen the fans come out, the engagements high. People like to watch it at home because theyve got the technology to do it. They dont have to actually go to the court. I think thats we are ambassadors of goodwill. We bring the game global. Watching it on tv doesnt do it justice. We have a lot of fan interaction. If you watch it on youtube and those things, you wont get the i get to come and touch you, i get to come and hug you, maybe kiss no, no. We get to have a good time manya lot of great stuff happens. Maria show me some tricks. Nice. Come on, get up in there. All right. Step in, baby. Were going to do some trips now. There you go. There you go, girl. Lets do some tricks. Maria put that away. Okay. Go ahead. Show me some love. Show me some love here. You got it. You got it. You got it. Dont worry about the phone. I got it. Whoa. [ laughter ] look at that. [ laughter ] maria i love it. I love it. This is youre also known for all of these tricks but how often do you come up with new things . How often do you practice for this . Thats the important part of the harlem globe troters. We love to bring something new and fresh to the game of basketball. We have the 2020 pushing the limits tour. We invite everybody to come out. Bring the family together. Maria im surprised people havent copied you more. Its so bill jam. Brilliant. Thats the bf flattery. We created this shot. Come out and you get to see it. We create new things. Thats why my voice is gone, i was up all night yelling at the wall coming up with something you new. Maria you guys are amazing. Thank you for joining us. Check out the globe trotters coming to the tristate area near you. Thanks for joining us, guys. Well be right back. vo the moth without hope, struggles in the spiders web. With every attempt to free itself, 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. 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. Wat t. Rowe price, hundreds of our experts go beyond the numbers to examine Investment Opportunities firsthand. Like a biotech firm that engineers a patients own cells to fight cancer. This is strategic investing. Because your investments deserve the full story. T. Rowe price. Invest with confidence. Welcome back good wednesday morning thank you so much for joining us i am maria bartiromo. Your top stories right now. Target shares are surging after beating expectations and raising the fullyear guidance. Lowes missed on revenue. Both stocks are strong this morning. Target of nine and half percent. U. S. China trade turmoil. If china does not make a deal. It is holding up the phase one of a deal coming up technology in america. Apple making a big expansion in the lone star state. We will take you there later this hour. When the president and tim cook go to see that plan. Peaches are under pressure this morning. The nasdaq features a down by 31. This is on top of another record high yesterday. The problem is the u. S. Senate passed a bill that requires the state department to annually certify whether hong kong could make the trade privileges. That was an issue this morning. Yesterday of course the nasdaq came at an alltime high. The dow and s p is down. European industries are down across the board. China trade uncertainty continues. The protest in hong kong the pressures on asia overnight. The ride share giants planning to record audio from your ride. So Rideshare Companies like uber will be recording your conversations during the ride up. As the mac officials are suspicious pack guest at the longworth house and Capitol Building that this is where the hearings have been taken place. Staff and personnel are being directed to avoid in this area. This is just coming across and they are responding to this specific suspicious package. We will keep the updates on any updates that come out. President sharp is threatening higher tariffs on chinese goods if it no trade deal is reached. Blake is live at the white house right now. We had been reporting for quite some time as to how to handle tariffs Going Forward and what china wants is for tariffs to be rolled back. And phases had those rollback in phases. They are gone completely upon the completion of a trade deal however the u. S. Is not willing to go that far. President sharp has already shot down the idea of a full rollback of tariffs. He warned what could happen if an agreement is not made. Im very happy right now and we dont make a deal with china i will just raise the tariffs even higher. There is a sense of optimism among those close to it. The commerce secretary say that the negotiators right now are finetuning. I think it is very hard to prejudge while it is still a work in progress. Clearly, we think there is some hope. We are optimistic that we can get something done. The senate yesterday passed the hong kong human rights act. That has drawn the ire this morning. The ministry of Foreign Affairs had thread today that china will take strong counter managers if that legislation goes forward. A. They are threatening retaliation if what they see as the u. S. Meddling continues by trade privileges to whether or not the chinese get violent with hong kong others. Nurse. The line out of china this morning is that they feel like this is that u. S. Impeding on chinas sovereignty of course the senate can do what it wants. Now you have to go to the house and if it is past that it would come over here to the white house for the president to sign or veto and you would have to wonder if he gets to that point tell all of that would play out and how that may or may not impact the trade talks between the u. S. And china. Blake, good to see you. President trump also taking aim at House Speaker nancy pelosi. Claiming shes hope holding up the deal over impeachment. The woman is grossly incompetent. All she wants to do is focus on impeachment which is just a little pipedream shes got. She is using u. S. Embassy because she doesnt have the Impeachment Votes so she is using the u. S. Embassy to get the Impeachment Vote. Jointly right now as a Senate Budget committee. Senator, its good to see you this morning. Thank you so much for joining me. How likely is is to become law i want to ask you about the senate bill required the state department to annually certify whether hong kong remains autonomous from beijing in order to justify special trade privileges. I used to live in hong kong and this is very complicated situation. The concern is that there are two factions. The Peaceful Protesters are asking for our help to diminish this violence. As a universal agreement here in the senate. Its very complicated. In a stepbystep manner instead of trying to get a comprehensive deal all of a sudden. See mike what type of retaliation might you expect from this bill. They are calling it meddling. If this becomes law china well retaliate. They say this is an internal issue. We have to stand for freedom around the world and we do that. That pressure is subtle and weve been doing that for years. Nothing changes there. Im encouraged by the two colleagues. We are seen progress here. He is very accommodating. This would have a dramatic impact as well. Would you be for the United States rolling back the tariffs that have already been imposed. The president is trying to achieve at the right longterm goal. If they proceed in that manner to give us equal access and start better compliance. I can see a gradual reduction. We have to get major steps in here. I think that is a huge first step. And senator, do you believe that china is actually going to change its economic model as a result of these negotiations . Are they cannot subsidize favored industries. Stop stealing american technology. Do you think you actually can reform all of this. Thats why i support President Trump. We want to let them stop eliminating the forts of technology. We want them to comply. And give us equal access. These issues are related to interracial property as well. We are having a big impact to how they are being impacted. I think that is preposterous to think that we are to succeed in that. Is one of the things the chinese said they were going to do. If they take steps there. These are major steps work and had to take place in order to see the easing of tension. I like the seeker as well. We are engaging with china this is something the last administration really did not do. This is very healthy Going Forward. Talking about china 16 months with the trade wars. We thought there would be a near term victory with the trade with canada and mexico. Cannot get done or is that something way out into 2020. As the market is looking at that. Is more interested in the u. S. Economy than trade right now. We are talking about 180,000 jobs. It does a lot of things that both parties want i believe right now that im more optimistic. But for the holidays we might just see that on the floor of the house. We know it will pass certificates on the floor i believe it will pass. My hope is that we will have a rational thought that goes out here. And get this on the floor of both houses. Has passed a monthlong resolution yesterday. But youve you more comprehensive spending talks stalling. It looks like youre just living from cr to cr. You not had enough dont have enough time on the show to rail about how ridiculous this is. Since our 1974 budget act. This congress has only been on time four times in the last 45 years. This is insanity appear. The continuing resolutions. We are in such a habit of doing this every year. We have got to stop this nonsense. We the bill up here right now. If we dont get it done by the end of the fiscal first year that congress doesnt get paid and nobody goes home. We will leave it there. What happens to the impeachment and great when great when it gets to the senate. It doesnt have a chance in hell of passing. I have seen the evidence and nothing rises to the level of impeachment. This is a sham of the American People. The basic human rights that we give to anybody else in the country and we fight the rest of the world. Look at the disagreements we head with the rest of the world. Senate, its good to see this morning. Thank you so much. Retail lifts. The mixed Earnings Report back in a minute. You have to print, walk, sign, scan, recycle, walk, email yourself. Really . More walking, try again, waiting, recycle, walk, email yourself, then get back to your day. Or not. This isnt working. Introducing samsung paperless workflow solutions. With the galaxy tab s6, you can sign Digital Documents onscreen, with a finger or your s pen. Samsung business solutions. With a finger or your s pen. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. This is the epson no more buying cartridges. Big ink tanks. Lots of ink. Print about. This many pages. The epson ecotank. Just fill and chill. 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. Signs of strength in retail. We are looking at the details this morning. We are seen retail strong this morning. Earnings from target and lows. Theyre both at pre market. The company saying things like 4. 5 percent. Remember this is a company and that is competing with the likes of amazon and walmart. Also raising at the 2019 earnings. Of course home depot did not do so well while at lowes is doing much better. Shares not really moving on the floor. Huber will start auto recording at the bride. As part of the safety push that they want to work on. Nobody is going to be able to listen to these recordings if you do opt in for them. They are going to pilot this feature in some cities in brazil to start they have not returned any request for comment. It flies right in the face of what we talk about every morning. I have read just in the last couple of weeks you see them on twitter where you have a female passenger who gets out of the uber. Im sitting out in front of your apartment home. This is for the safety of the passengers you opted then you consent the paper broke the story when the trip ends the user will be ask if everything is okay and be able to report a safety incident and submit the audio recording with just a few taps. You can opt into it. Nobody will be able to listen back to the audio. This is a way for them to protect the safety of the individuals. I always hear the stories about someone saying something in front of their amazon device and the next thing you know youre getting ads for it. Its a solution. Countries like brazil and mexico the economies are down. The u. S. Possibly the privacy issue. When we come back mayor pete no longer an underdog. Backtoback poles show him i head into critical states. First on fox. Were coming up after the break. Standby. people talking for every dollar you spend at a Small Business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. people talking for every dollar you spend at a Small Business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. We more on the breaking news of the suspicious package we told you about the south capitol street door Officials Say all clear has been given in the area has been reopened. It is electric. Auto manufacturers unveiling new makes and models of electric vehicles. From giants like ford and volkswagen. Electrics and suvs. Ive one of each of these. This is a new atlas. It is the cross sport. We are launching in february. Youre making those cars down in tennessee right now. In 2016 only 14 of the w sales were suvs. Now what percentage. We have really responded to that. I think the other story store here we have Great Success with the atlas. There is also a market here. Scott just had a baby and he has two kids already. He needs to keep working. It looks like a station wagon. Some of us grew up with station wagons i did not grow up in this kind of station wagon. As we look at it it gives americans a lot of what they are looking for. It has the space of suv. Juergen and make electrics gonna make electrics in chattanooga as well. I know maria has a question for you also. You have gone all in with electric. You are part of the group with ford, bmw that has negotiated this new deal with california in because you feel like you are ahead on let electrics. They create who is in which camp and which is not. We do believe we can do more for the environment and we do believe we can create cars more efficiently. I think this is some cool technology. I would like to know what scott feels about these situations. It looks like the president is not going to be imposing tariffs on imports from europe. You have exactly right. Terrorists of that amount would be a massive impact. In negotiations with the government we have done a great job with it u. S. Embassy. Hopefully it will get past the congress soon. We would do exactly what we cedric and i do. With the new factory going up as we speak and we will be localizing battery production there as well. This is cool and exciting stuff. What does the book look like in terms of orders in the future. Give a demand assessment. Overall market we still relatively good. I think we will land at about 16. 9 units. But frankly its been rising this and were excited. We see it being 2 of the market right now. We see it heading into 10 by 2025. We see a get it getting stronger. We head about 800 of our dealers they come back around here. Interior of this car is made of what . When you process apple juice everything from the skin and the court and the seed the other thing i think is perfect for you. When you want to get that last mile of course you pull in and put the helmet on. Look at you. I had three words for you. I consider you little. Thank you so much. Good stuff. When we come back taking the debate stage. All eyes will be on mayor pete tonight. He emerges in as and as a front runner into key poles. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. 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. But shouldnt somebody this is be listening . Pression. So. Lets talk. Were built for hearing whats important to you, one to one. Edward jones. Its time for investing to feel individual. Welcome back to the wednesday morning everyone. I am maria bartiromo. Your top stories right now. Technology in america apple is it announcing a big expansion in austin texas. He will tour a manufacturing facility. Later today we will take you there life. Target shares are surging after beating expectations in the Quarterly Earnings report. Not doing much in the rest of the market. After the Senate Approved that hong kong bell. The s p futures down seven and the nasdaq features down by 26. The nasdaq chalked up another one. The markets this morning the worst performer was korea though don one and a third . Instagram without the likes. It could change the big business of influencers. All that coming up but first President Trump tweeting. Nancy pelosi goes down. Mexico and canada after waiting for six months to be approved are really ready to flee. And who can blame them. Two bad rights of the president. Although stories coming up. President trump is headed to texas today where he will to her and apple facility susan is there an austin right now. Building in america apple has Broken Ground on the brandnew austin campus investing a billion dollars for a hundred 33 million square feet. Employing over 6,000 and they will be the largest employer in austin texas. Also where you will see present, President Trump and tim cook. President trump did threaten apple back in a tweet in july. They will not be given tariff rates waivers. They make them in the usa that is exactly what apple is doing. Theyre investing three and 50 billion back into the u. S. Over the next decade. It is a burgeoning friendship be informed. We know that ipads and iphones will be subject to 15 tariffs in december. If the trade tariffs are not negotiated back. We had air pods. No impact though on sales. The u. S. China trade offers manufacturing and job creation. They land at 3 00 p. M. Eastern time today. Susan lee this morning in texas the Cultural Divide on the consumer. New research from the wall street journal shows big brands more associated with political parties. Republicans want to wear wrangler dreams. Wrangler jeans. That Brands International chairman. Chairman. Great to see this morning. Where do you think the fat brands customer falls. I think across the board the United States is not singularly focused. Live a lot of difference in opinions. I think they are just like the rest of the United States. Some love democrats and some hate them. Its a funny article. Where the journal points out various brands have gone from red to blue or blue to red. Consumers are playing their politics in purchases. If you are a ceo in the boardroom how are you thinking in this day and age about politics or even if you should get involved in political discussions. If youre the nba or the nfl in a fight breaks out over the national anthem. It could be a lifethreatening business development. I dont do geisha deal with politics in the boardroom. And he gets an individual choice not a choice of a corporation. I think i would do everything i could to avoid politics. We have no business running Public Companies that take political positions or social positions of any kind. Our job is to build sales, satisfy our customers and make a profit. And put that profit back to work within the community for jobs, and health and all the rest of it. I say stay out of it. You are not politicians you are running businesses. To that point the most successful brands do that. Our job is to grow corporations for the benefit of the shareholders the employees in the society at large. A company like levi takes a position that they will advocate for gun control that makes all americans in Rural America very unhappy they all love the opportunity. In getting involved in politics at a corporate level is ridiculous. With the war on wealth continuing. Certainly it will be a hot topic at the democratic debate. Mayor pete is no longer an underdog he recently surged to the top of one i will pull. With a tenpoint lead. And, whats ed, whats your expectation for the debate tonight and what is your take away from this war on wealth. I think the war on wealth is ridiculous. When the democrats and other politicians in washington i will paraphrase truman. No politician can ever get rich unless they are a crook. They came in port and left multimillionaires. The fact of the matter is their hypocrites when theyre talking about the war on wealth when all they do is line their pockets at every opportunity. I look at this nonsense. I just cant conceive that the American People could tolerate that kind of thing when the house is upside down in what theyre trying to do. Lets get these trade agreements ratified. For the ability to go from nothing to something the population is pretty resourceful. Theres opportunity about it. Look at whats happening with the Unemployment Rate right now. Trump is running this company dash my country like a business. Its coming down to every level of our x society. Your story unfolds wagon and the electric car. This country is moving forward and we ought to be excited about it and we ought to stop denigrating ourselves and think about how great we can be and should be. President obama and his family made money from the book deals. The book dreams from my father was quite a moneymaker we should point to that certainly. Michelle obama has maybe the best selling memoir of all time. Even before then because that book was released even before the dreams from my father. Im not suggesting that theyve done anything illegal or immoral. But to criticize others and for Building Wealth when they do the very same thing i think is hypocritical and thats what concerns me. It was quite a bit before he even ran for office. How many hours do we have. There are certainly issues with the clinton foundation. There was an entire book by just james stewart. You should also remember the clintons were very thoroughly investigated themselves in the 1990s. We cant have that chairman of the fat brands on without going whats going on in that meet business. A group of begins say the new impossible burger is not vegan at all. The lawsuit alleges that they were cooked on the same grill as the meat patties. The byproduct of the meat gets into that Vegan Patties what you say to that. I dont recall anybody saying the impossible burger was a vegan or vegetarian they said it was for people who want to eat less beef. In reality the impossible burger is cooked on a chain open flame broiler. The temperatures are intense inside that broiler and the contamination i think would be very nominal at best. I think this is a nuisance lawsuit. They will line their pockets pockets with the dollars. Theyre not selling it as theyre not selling it as that. They have not said that the impossible burger says that there is a microwavable burger that you can use if you want to be strictly vegan or vegetarian. The reality of it is i think the cross contamination is nominal at best. Most streak most strict vegans would go into burger king for anything. Pictureperfect not so much. Liberty mutual customizes your Car Insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. Including your Interest Rate right by locking in a fixed low rate today. And you can get your money right with sofi. Check your rate in two minutes or less. Get a nofee personal loan up to 100k. Get a nofee personal loan whether youre out or here on a wifi hotspot. Xfinity mobile has more coverage to keep you connected to what matters most. Thats because its the only Wireless Network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. And now get 250 off when you buy a new Samsung Phone during Xfinity Mobile beyond black friday. Plus, you can save up to 400 a year. Click, call or visit a store today. Maria welcome back. Picture this. Instagram without likes. The social media giant will start hiding liked accounts and posts this week, making the change with hopes users will focus on the photos and videos shared instead of reaction generated. Joining us are Samantha Fishbein and jordana abraham, cofounders of a multimedia platform company. Their Instagram Account has 6. 8 m million followers. Thanks for joining us. Samantha, how does this impact your business on instagram . So we actually think it could be a really positive change for us. We have a large following already so our followers do trust us. I think this gives us a lot more freedom to experiment with different types of content without necessarily having to worry about it being perceived as a flop. Maria how did you get that loyalty from your followers, that you say they trust you . Yeah, we have been writing and putting jokes on the internet since 2011, and weve always had just a really loyal following. I think that they appreciate our humor, our honesty, our insight and willingness to sort of call out things in culture that, you know, people see and that they can relate to. Maria thats what i want to ask you. Jordana, i was going through your account last night. Theres lots of stuff about anything and everything. How do you come up with and decide what you want to post . I mean, some of them are just really funny, original ideas. We have a video team thats really great that comes up with original long and short form videos and a lot of its reactionary. We want to comment on stuff, we want to stay what people are thinking about, these pop culture moments they might not be saying out loud, like the truth. Maria it began as a blog but has evolved into this lucrative business. Aside from its Instagram Account, it has two New York Times bestselling books, multiple podcasts, even an ecommerce shop. Tell us how you got started. We actually started on a wordpress blog. We were sort of just writing posts about kind of satirizing the culture around us when we were in college. Kind of sorority things, dating were really popular topics and in the beginning, the way we wrote spoke to people because we were being funny about how people were without being hatery about it. Maria do you think about, you know, items that you dont want to go near like would you go near politics, for example . Or does that stoke upset . Originally we didnt go near politics but we have started a politic vertical with an email and podcast and also a very successful instagram. But i think theres other there are certain topics its really more about how we approach the topics with levity and humor and not kind of a serious or combative nature. Maria where do you want to take this . Next year, we are really looking to up our video game. Our team is really strong. We are growing on tik tok and other platforms. We definitely want to be first to the game there. Maria congratulations. Thanks so much. Well be right back. 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 nationwide hso you can plan for your futfor retirement and save for college. Oh, that explains this. The nationwide dome. Stateoftheart venue. 80yard screen. Fantasy sports lounge. Climate controlled seats. Sushi bar. Club level pool. Really . Lastly. Retractable roof. Whoa. Are you kidding me . Peytonville showed no mercy. Go peytons. pop kind of lackluster. Eh, still working out some kinks. Who they playing . The brads. Worst team in the league. Of course. Maria have a great day, everybody. Varney Company Begins right now. Stu, take it away. Stuart good morning, maria. Good morning, everyone. Let there be no doubt. Consumers have money and they are spending it. Just look at target. Sales up, profits up, online sales way up. Foot traffic up. Most importantly, target thinks the Holiday Season will be strong, very strong, and the stock is going straight up. Look at that, up 9 premarket. Just yesterday, home depot gave a weak outlook and its stock went down. Target to some degree reverses that. Next case. Carl icahn thinks shopping malls are in really big trouble. Hes placed a big bet that the mall o