Transcripts For FBC Cavuto Coast To Coast 20240713

Shellady and moodys economist john lonski. Welcome to both of you. Scott, what do you make of what is happening right now . Maybe because of stormy weather, folks expected to participate in Online Shopping more than otherwise would be the case. How do you sort of look at that . The shocking numbers, Online Shopping still has not eclipsed bricks and mortar. Depending who you read about 20, 25 . What do the malls look like when there is 50 50 . There is a still room to have Online Shopping area. I think bets, ultimately death knell at some point in time but right now it is small. We need to see 10 billion, the market would love. That would be something good to underpin we see what happened today. U. S. Economy, u. S. Consumer, the way they feel, it is a good recipe. Stuart john, youve been telling me the consumer is the key to this recovery and even when ceos, cfos, sort of dialed back expectations or not hired as many or ratcheted down their plans, the consumer had none of that. Is that still going to be the case . I think that is the case. Lets not get hopes up too high. The consensus Still Believes what looks as though decent Holiday Shopping season, real Consumer Spending will slow from 2. 9 in the third quarter, to roughly 2 on average for the final quarter of this year and the First Quarter of 2020. No fireworks. But Consumer Spending should be great enough to keep the economic recovery going. Most importantly, Consumer Spending should be up to the task of preventing a very much unwanted rise by unemployment. Neil do you get any sense, scott, how the president will be greeted in europe on this nato trip . You know what, obviously the i think the narrative in europe has been hijacked by climate change. If you go over there, that is all theyre talking about. That is really something that has been front and center. That is not that way here in the states. To the point you could see some companies having to divest themselves from owning Energy Stocks or not lease buildings to energy companies. That is how aggressive it has been over there. Because what he did with the Paris Climate Accord he will probably see, anyway because he is donald trump it will be negative but because of the climate, things theyre looking at there, i think it is not, he will not be the number one son, put it that way for sure. Neil you know what, john . We remember december a year ago. Started out all well. The last half of the month, the floor dropped out of everything. People were talking about a bear market. I think we got a percentage point of that. That is then. What do you expect now . You know, here is what bothers me. This year were setting new record highs for the equity market but at the same time s p 500 earnings are shrinking yearoveryear. In order to finish this year on a positive note we have to have a stronger sense Earnings Growth will return in 2020. Im not so sure that will be the case. We have the disappointing news on manufacturing for the month of november, from the ism. We had a second consecutive monthly decline by construction spending, despite very low mortgage yields. Good deal of uncertainty remains. We still need that one very strong, positive, development that tells us, we can believe in 2020, that Earnings Growth will return. Neil you know, scott, im going back to the days when you were in london covering everything from across the pond and now we got the president s surprising brazil and argentina by reimposing tariffs on those countries and beginning to think maybe as much to send china a signal that he is opening and willing to do just that, than those countries, what do you think . He is definitely using the tariffs as a stick. He obviously has been doing that with china. To the china deal i dont think well get a deal between now and the election. So we can stop getting excited about that. Neil by the way, both of you are very debbie downers here. You dont expect a trade deal. Lonski is looking for depression, what the heck . Well, no, to agree with john, look, 20, 25, 30 . When we walked in this morning, that was the dow, s p, nasdaq respectively. That is really good but we cant have lemonade and cakes forever. There will be a some contraction or pullback we might see before the end of the year. If you are worried about that open the 401 k today and look at it next may. Neil wow, that is one way to look at it. Thank you both very, very much. Meanwhile the good news that is the consumer that would be you, nine 1 2 billion dollars in cyber monday sales expected. Tracee carrasco at a best buy warehouse in new jersey with the latest from there. Tracy . Reporter good afternoon, neil. This is the epicenter of your online orders. This is where all of those cyber monday orders are fulfilled. You can see workers are very busy today. Now once the order is put together by the robot, it is brought down to this conveyor belt. You can see there is customizable, state of the art machine used to create custom shipping boxes. Precisely trim the cardboard to perfectly fit any items packaging. Best buy says this cuts down 40 in cardboard waste. It is about sustainability and efficiency. In addition to this area they brought in workers to do manuel boxing as well. Really to keep up with all the orders. Were expecting 9. 4 billion in cyber monday sales this year. Earlier this morning at 9 00 a. M. , as of 9 00 a. M. , 473 million had been spent on cyber monday. So, neil, this Fulfillment Center will be open for 24 hours as it has been for the last week or so, trying to keep up with all of those shoppers. Neil tracy, thank you very, very much. Meantime wild winter storm is slamming much of the northeast, causing a lot of major travel delays. Foxs molly line on the ground in boston with the latest from there. How is it looking there right now, molly . Reporter hi, neil. It is still snowing. It started yesterday evening pounding down with really heavy stuff and turned to rain and sleet today. You can see at least the highways are looking good at least for now. Later on this evening were expected to get another six inches of snow and potential of freezing rain and icing. That is a look ahead. This is far from over as we begin to get what really feels like the blustery part of this season. There are flight delays to report. 16 here at logan in bostons, that is not a lot. In chicago two dozen in chicago, two dozen in new york. Not the worst storm weve seen as far as a winner blast, but this i can kicks off the season. There were cancellations of schools. Two hour delays, that may have had to do with traffic out here on the roads. Real concern about tomorrow, icing, drop in temperatures. Some pooling were seeing as it turns to rain and sleet. Still a lot of concerns. Very treacherous out here, just our first taste of things as you mentioned as the Holiday Season continues. Neil, back to you. Neil you definitely drew the shorter straw for this assignment. Molly line, great job. In the middle of all of that it is not over, supposed to go through tonight well see. Impeachment probe enters a whole new stage without the president of the United States. The president saying before he left for europe right now the white house is not going to be working with this after this. chime shaq magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. [ dramatic music ]ing ] ahhhh ahhhh elliott. You came back itsyou can adjust yourate sleep comfort on both sides youreep sleep number setting. Can it help keep us asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. And snoring . No problem. And done. So you can really promise better sleep. Not promise. Prove. Dont miss the final days to save 50 on the sleep number 360 limited Edition Smart bed. Plus free premium delivery setup when you add a base. Ends cyber monday. Weve done amazing work over our time in office to get nato to step up. 130 billion in increased spending so far. This is direct result of President Trump making it clear our expectations that the europeans would step up to help secure their own people. Neil all right. So how is the president going to handle those european nations that have not stepped up, that have not provided minimum 2 of their gdp to fork over towards nato expense expenses . Blake burman in london with more on that. Hey, blake. Reporter hi, there, neil. The white house says leading up to these nato meetings that will take place in london on tuesday and wednesday this will allow World Leaders to focus on countries who are not going to be here. Specifically the white house mentioned china, the chinas desire to spread out the 5g capabilities and spread it around the world but also will allow the president to focus on the countries who are here. As you played the clip from the secretary of state, President Trump has been talking for a few years making sure nato nations live up to the commitments spending 2 of their gdp on defense or even surpassing that number in the years to come. Im going to london for nato fighting for the American People. It has not been a fair situation for us because we pay far too much. Reporter when he arrives the president will take part in a gathering tomorrow night at Buckingham Palace hosted by the queen. He will meet separately with Emmanuel Macron of france and Angela Merkel from germany and have other meetings as well. Upon leaving for london this morning the president criticized the democrats for holding a hearing on impeachment wednesday precisely when he is overseas conducting foreign policy. That was set up a year ago. I was going to nato at that time. That is one of the most important meeting we make as president. Reporter 5 15 in a rather chilly london, neil. President and first lady will arrive here in handful of hours as the meetings take place tuesday and wednesday. Neil thank you my friend, blake burman in london ahead of the nato pow wow. Impeachment proceedings will move along even without the president of the United States. The white house says they will not participate in them. Could that hurt him . Bob barr, house manager in the clinton impeachment probe. Always glad to have you. Neil a pleasure, sir. Neil is there a risk for the president not opting to participate in these . He is itching for a chance to have his lawyers state his case and now he wont be . Rules that both the house and the Judiciary Committee have set out for the president s quote, participation, close quote make it impossible for there to be anything even approaching a fair hearing for the president. So, i think the president s lawyers are absolutely correct in very clearly telling jerry nadler to go fly a kite. Neil okay. Short of that, how do you think this whole process is going to go . It almost looks precooked to me. Theyre moving rapidly along impeaching the president in committee and the full house itself, what do you think . Regardless of the venue now shifting from the Intelligence Committee to the Judiciary Committee, it is almost a certainty that the next step will be for the Judiciary Committee to report out some sort of article of impeachment. They will concoct something and send it to the full house before the end of the year more than likely. So that the house can claim with a straight face that well, were not impeaching a president during an Election Year. Neil well you had to know, bob, back in the days when you guys were investigating bill clinton it would be a heavy lift to go beyond the house and get him formally impeached in the senate. Do you think, rolls reversed now, that House Democrats realize that at least for the timebeing is the exact case in reverse . I suspect in, deep down in their hearts they understand and they know that theyre not going to win in the senate should they actually send an article or articles of impeachment over to the senate but the difference here is, in 1998 when we impeached president clinton the impeachment was based on real, hard evidence that the president had violated serious federal criminal laws. In this case the Judiciary Committee, like the Intelligence Committee before it last month still is out there searching for something to impeach. The parallel with the 1998 impeachment is simply nonexistent. Neil they would argue as you heard, congressman, the democrats they do have compelling evidence in order to nail the president. Leaving that aside, what do you make of the economic and market backdrop which is very similar to what it was when you guys were going after bill clinton, that in the end might have saved him . The fact of the matter is that most americans, even back in 1998 as important as we managers believed it was to impeach a president for violating federal laws, the vast majority of the American People were not focused on it. They arent focused on it now. It is even more the case now because the economy is doing so much better, even than it was back in 1998. That is what people are concerned about. Neil do you get a sense, whatever reasons the president has not to participate in this Judiciary Committee series of hearings, that he will harm himself . That there is the distinct possibility that something comes up in those hearings and he doesnt have a representative there to argue on his behalf . He will have republican questioners who will probably pursue matters that they think will be to the president s liking or benefit but that it will actually hurt him . The president s lawyer, Pat Cipillone was smart in his letter he sent to chairman nadler. He did not make a blanket statement that the president would not appear under anytime or under any circumstances. He made it clear if there are hearings this week, and in fact the House Judiciary Committee comes to its senses, actual meaningful fairness and due process the president will participate. I think that is very wise on his part. Neil well watch it closely. Congressman, good seeing you again. Thank you very much. Sure. Neil quick peak of corner of wall and broad, in and out off the session lows, off 205 points. A lot on the sudden dropoff of manufacturing in the country. 24 of the 30 dow component, especially those sensitive to trade, renewed concerns were running into headwinds here on the trade front. Not only the chinese sounding more bellicose but if we have any idea sending ships or cruisers to the hong kong area, actually getting very bellicose. More on that after this. And on the Trump Campaign now banning Bloomberg News from campaign events. Stay with us after this. A lot of stores have done that already. I was at dinner last night. Neil Trump Campaign issued a statement banning Bloomberg News since they have declared their bias openly. The Trump Campaign will no longer credential representatives of Bloomberg News for rallies or other campaign events. Well determine whether to engage with individual reporters or answer inquiries from Bloomberg News on a casebycase basis. This will remain the policy of the Trump Campaign until Bloomberg News publicly rescinds its decision. What isnt quite clear what decision that is because the Bloomberg Campaign itself is separate from the bloomberg organization. The Bloomberg Media organization has vowed not to do any, i think, Charlie Gasparino will clarify this for us, open investigations or examinations, besides donald trump, right . Yeah. I mean its a very untenable situation what Bloomberg News has imposed on its reporters. Neil does it provide that to other candidates in the race . Full disclosure, i know a lot of people there. I think some of the best reporters in the business. I know a lot of editors, people in management. Theyre good people. What Mike Bloomberg tried to do here is thread the needle. He tried to say listen im not running against trump right now. Im running against Elizabeth Warren, all these democrats. Therefore bloomberg if my reporters which i still own the company, by the way, has my name on it, if they will cover, they will cover the news that comes out of these campaigns. I am not going to have them cover the deep dive investigative reporting that attacks Elizabeth Warren or attacks Pete Buttigieg. Neil prior to his entrance they were doing just that . They were doing it on everybody but when he got in, he doesnt want his reporters to give him an unfair Playing Field against the people he is competing directly with. Why they allowed same type of reporting for trump because he is president neil right, right. But not the same type of coverage for those he is running against. Now the problem with that is that of course, all these candidates are running against trump now. I mean one of the ways to get ahead in the Democratic Party obviously is to beat up on donald trump. Neil right. Im a better campaigner. While i have no doubt that bloombergs News Reporters and editors are going to cover this fairly, this is not, this is a very Good Organization when it comes to fairness. I telling you, i have competed against them for years. This is obviously an optics problem, if you just do investigations on trump, not everybody else you have a optics problem. Neil i want to clear this, you know this more than i do, prior to bloomberg entering the race they were doing investigations on everybody . On everybody. Obviously not mike. Neil even is it more glaring that he is now in the race stop doing it against all the Democratic Candidates . That is the problem here. Are they looking at dirty laundry of Elizabeth Warren. Neil right. Theyre looking at only the dirty laundry of trump. That is the case you could make. I give you the case they make. Were doing this mike is running against Elizabeth Warren, Pete Buttigieg, biden, not against trump. In reality he is running against trump. His ads are going against trump. Listen i will tell you people inside of the organization, again really good people, theyre trying to thread the needle, the reporters feel like this policy sun tenable, just so you know. Majority of the reporters say i cant believe we have to do Something Like this. My guess what is going to happen here neil what if they come across a revelation, what do you do . Suppose they hear something bad about Mike Bloomberg. What do you do . Give it to the New York Times . I dont get it this is my guess, kind of what is bouncing around the hallways inside Bloomberg News, after super tuesday, you know, biden, you will get some idea where this campaign is going, whether it is going to complete chaos, brokered convention. Neil i think he is banking no one winning on the first ballot. He is good at math. Good at numbers. That is when his chance just hear me out, i think he will know for sure afterrer tuesday . Does biden clean up . Get nevadas South Carolina, after super tuesday . If that is the case Mike Bloomberg doesnt have a good shot at that scenario happened. Neil it is still a shot. After super tuesday well get idea where Mike Bloomberg is going, if he stays in. If he stays in, my guess he will figure out some way to allow their reporters to cover everybody by putting this whole thing in a blind trust or selling it. By the sale of this thing neil what would he do as mayor of new york . New york city coverage for Mike Bloomberg was like this. He hired other people to do it. Neil but it wasnt in a blind trust. It wasnt. Remember it wasnt neil on a national basis. This is president of the United States, a huge thing. So i am just saying i think super tuesday is what we find out they do with Bloomberg News. Does he put it in a blind trust . Does he sell it . Very difficult to sell. Very difficult to sell because its a huge company. Neil absolutely. This is 50 billiondollar deal private equity might have to buy. Would he put it in a blind trust . I think that is wishywashy thing. Neil i think he wouldnt do that until after he is elected. I think super tuesday he turns this loose for the reporters. Executing the news out of terminal business, very difficult, theyre so intertwined. Its a very good value added for any trader. This is, by the way, this was telegraphed. You knew trump would do Something Like this. Because, it was so, you know, he had just about every editorial page on his side including liberal editorial pages because the policy itself on i cannily, i know optically neil there is no upside to it. As charlie was speaking, this happens all the time as charlie speaks, the market started tanking. Were down 230 points now, at or near the session lows. Might have to do with renewed agita on trade. Agita . It is agita. Neil i say agita. Youre southern italy. Tariffs he wants to reinstate in argentina and brazil are thought to be a shot across the bow of china. We connect. You might want to hide. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. Virtualize their operations. woman and build ai customer experiences. We also keep them ready for the next big opportunity. Like 5g. Almost all the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Neil well, it might be cold outside but i got to tell you, online sales theyre heating up and heats up fast. Am cohost Lauren Simonetti has been looking at some of the more noteworthy deals. Keeping our fingers warm in this cold weather amounts of 9 00 a. M. , 373 million spent online. That number predicted to surge to a record 9. 4 billion by the end of the day. Were scouring for deals. Here are tech deals. A very rare discount on the new airpod pros by apple. At amazon, a 14dollar savings. Theyre out of stock. You can buy them now, get them later of the deal. Bigticket items Like Electronics and clothes. Even streaming services sharply discounted today. I was surprised by that. Disney giving subscribers 10 off the annual subscription plan t comes to 60 a year. Hulu giving customers off the 4 monthly plan, taking it down to 2 bucks a month. Couple things caught my eye, bopus, every hear that neil . Buy online, pup up at store. Were too greedy to wait for even twoday shipping. We to to the store to buy the item online. Retailers are offering additional discounts if you bopis. It saves them money. They dont have to ship the item to you. Power hours 10 p. M. Tonight, 2 00 a. M. Tuesday morning, when retailers say folks come home from work, unwind in bed with the laptop or smartphone in hand. In fact 2 3 of black friday online sales, almost five billion dollars, came from mobile. Were not even using the computer anymore. As we walk on our phones, were shopping. Its crazy neil this is what rome was like in the final days. I cant prove it but point and click right as they walk into a car. Neil youre right. Lauren, great job, thank you, very, much. Brazil and argentina the latest targets for tariffs but there might be an ulterior motive and target having nothing to do with the countries. Hillary vaughn with the latest. Hey, hillary. Reporter neil, President Trump targeting new tariffs on brazil and argentina, two countries at the start dodged any metal tariffs. The president holding back in good faith to rework trade agreements with with both countries but now that is off the table. The president accusing argentina and brazil of manipulating their currency to undercut American Farmers and manufacturers. Both profited off the trade war with china, picking up business and selling soybeans and other products to china. Supply chains majorly filled by u. S. Farmers here. On fox business, commerce secretary wilbur ross that china has a hard deal to get phase one of the deal across the finish line december 15th. We need a overall package that meets our requirements for the phase one, and if so a lot of things might be possible. But it is great that he has the hammer of december 15th, because thats a real hammer. It wont interfere with this years christmas. Nobodys reordererring stuff after the 15th of december. Retailers have stocked up. So its a very good time if we have to put more tariffs on. Reporter today House Speaker nancy pelosi is in madrid signaling that the usmca is still in him bow. Democrats want mexico to accept better enforcement measures from the u. S. To make sure they keep up with labor standards, saying today, that the deal on the table is still not good enough. Congress only has eight working days left if they want to try to put up the all oomph for a vote before everyone leaves for the end of the year. Neil . Neil hillary, thank you very much. What does scott martin think about this . Kingsview management cio joins us now. Scott, is this a way of sending a reminder to china . Fly believe it is, neil, and i also think a little bit of lowhanging fruit. It is funny to talk about countries, to me talk about countries like argentina and brazil of currency manipulation. If you look at history they have been doing that for years and years. That is something they do. What it does show china, hillary mentioned it were not playing around. This is not days of past administrations well talk tough on the plane going over there and not follow through. Whether argentina, brazil or china this case, were getting serious about currency manipulation, i. P. Theft, were serious about fall following through on it, i wonder if the president is getting impatient. He seemed to when he left the white house to nato 70th european event and dragging on and eating at him . It is frustrating. Mix in the impeachment hears. Go back as far as the Mueller Report which was nothing. Usmca which you guys just talked about which is on delay again formany, many months, aside from that. So i think the president is getting frustrated because we do have a huge Election Year coming up next year and i think some of these things that are in place we thought would have come through already are not coming through and it is hurting some Public Opinion polls, depending which ones you look at, certainly today impacting the stock market. Neil talking about the stock market, month of december, typically a good month for stocks, we remember a year ago how it started and how it ended. We got close by the end of the year to a bear market. What are you envisioning now . Volatility will come in, reminder of our investors and clients markets dont go up all day long. There is party punch that needs to be spilled out there. Last year was a great point, neil. That ruined my festivus holidays frankly, we had one of the worst runs into december we ever had seen back to the 1920s. The market bounced back after that. Even though things can feel terrible short term, which they may do for the next few days or weeks, the market overall to me in very good shape, as the economy. Higher prices to come. Neil scott martin, thank you very, very much, my friend. Faa administrator steve dixon is testifying. House committee on boeing and 737 max getting recertified. That has been in limbo after the two tragic accidents involving 737 maxes. This would be an important step in getting them back up in the air. After this. Ahh no, come on. I saw you eating poop earlier. Hey my focus is on the road, and thats saving me cash with drivewise. Whos the dummy now . Whoof whoof so get allstate where good drivers save 40 for avoiding mayhem, like me. Sorry hes a baby brakes screeching okay. So, today youre going to leave your phone with a guy named flip. ding but its more than your phone, its your business, your customer data, your sales figures. And who can forget, those happy hour selfies . 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Real clear politics cofounder tom bevin. It was a short little bite but it got everyones attention. Who are we to judge. But it is the latest kind of, shall we say unusual thing to bedevil him and get him attention that he probably rather not really want to get. What do you think . Yeah, i dont think the no malarkey tour is going over very well. With the other signature picture from the event, joe biden standing at a diner in iowa with, a buy sitting there at the table, not looking at him, not noticing him, didnt talk to him. The reporter went up to this gentleman after biden had left and said, why didnt you talk to biden . Are you not a fan . Theyre like, whos that . He is out there, putting in the work. He is trying to, you got to show up in iowa if you want to play there. Biden is six 1 2 points behind the leader Pete Buttigieg in iowa. Were 63 days away. So, you know, he is probably not going to win iowa. I think what he is trying to do now is limit the damage and not lose by you know, doubledigit and not come in a distant fourth or fifth place that will present a lot of problems for the guy who is supposed to be the most electable democrat from the field. Neil tomm, youre a expert, the last democrat didnt win iowa, didnt win New Hampshire was bill clinton. Although in New Hampshire he placed second to be the comeback kid, moving down to the south, ultimately regroup, get the nomination, win the presidency, is that what the biden folks are hoping to sort of reignite . Yeah. I mean the trouble, the problem with that is, bill clinton was able to portray himself as a comeback kid in New Hampshire. Even though he didnt win it but he beat expectations. Joe biden is running fourth in iowa and New Hampshire there is 21 days between the third of, third of february when iowa votes and, actually more than that. To South Carolina which is bidens firewall and nevada where he has a small lead still. Those three weeks are going to be very tough for him, when the media is writing stories how he finished out of the money. How his campaign is battling to stay relevant, et cetera. All the wipro moating and other candidates like buttigieg whoever will win or beat expectations. The question whether he lasts until the firewall. If he can, i think he will be in fine shape. The question is, once the voters this race could entirely change, once voters cast their votes on february 3rd. Neil while i got you tom, want to hit you with breaking news, president targeting bloomberg thousand service covering his campaign, the statement put out by the bloomberg editorinchief, said the accusation of bias couldnt be the truth. We covered donald trump fairly and in unbiased way since he became a candidate in 2015. Well continue to do so despite restrictions imposed by the Trump Campaign. This comes at a time when with bloomberg as a News Organization is between a rock and a hard place covering michael bloomberg. Where is this all going you think . This was, this was a lowhanging fruit for the Trump Campaign to do this, to bloomberg. Bloomberg put his News Organization in a very difficult spot and folks going over to the campaign, it is a bad look for them to say, well not investigate our candidate, our boss, our owner and were not going to investigate any democrats but well keep investigating trump. That is not, that plays into the whole narrative there is bias in the media. That is one of Donald Trumps staples since he was a candidate. Quite frankly it has grown Even Stronger since he has been in office. He will use it in 2020. This plays into it. Bloomberg can say what they want, the Trump Campaign, this was an easy call for them to make. Well watch it closely, tom bevin, good catching up with you, my friend. Be well. You too. Neil very high alert in london following bridge copycats. Coming up a former Navy Seal Rob oneill on this, and fears especially during the Holiday Season bad stuff could happen if were not vigilant. When you move homes, you move more than just yourself. Thats why xfinity has made taking your internet and tv with you a breeze. Really . Yup. You can transfer your Service Online in about a minute. You can do that . Yeah. And with twohour Service Appointment windows, its all on your schedule. Awesome. So while moving may still come with its share of headaches. No kidding. Were doing all we can to make moving simple, easy, awesome. Go to xfinity. Com moving to get started. Song by song i try and make it easier for anxiety. O get help. Depression. Panic attacks. People dont want to talk about it. So i share it. The struggle and the joy with my mental health. I bare it on a stage, under a spotlight, and invite everyone to join me. Whats your mission . Use godaddy to help make it happen. Make the world you want. Neil could texas be in play . Other democrats are saying they see a real distinct possibility they could tip the increasingly red state, maybe purple state into a blue state. Fox friends cohost Brian Kilmeade taking a look at that who knows texas better, fight for texas, living on the best seller list. Good to see you. Talking about turning blue. That is my first question to everyone, is it changing. Everyone says it is changing. I dont think it is there yet. Ive been to waco, wichita falls, houston, dallas, san antonio. Were going back. Obviously the book is texas orrery inned. We talk about politics. When you open up questions, a few about history, relatives follow sam houston. Then is it evolves intos im worried about texas. It is changing. There is truth to californians upset with the direction of california. Many of which are moderate to left. Neil going to texas. Going to texas, changing texas. I have had push back especially over in dallas where they said, listen, the reason why we left is because they were so left. In california. We felt as, republicans we never felt so isolated. So were coming here. So there is theory republicans are leaving california because there is none left and others who say, oh, we ruined that. Lets try to ruin texas with high taxes and demands for social programs. Neil austin is very different. I dont know if your travels have taken you there. Austin is like boston increasingly. Absolutely. Neil some read into that the closeness of the senate race with cruz, beto orourke and his brief fling with notoriety. What do you make of that . That there could be something there that gets them to follow . By the way underappreciated phrase, brief fling with notoriety. Neil story of my life. Youre still in it. Austin affiliate, w lbj, we struggled with that station in particular. People say, well austins different. I did notice that we did notice the huge homeless issue there where the mayor said, if youre homeless i have a great bridge for you to live under and it has not worked for anyone. My hope as an american, people realize whether youre democrat or republican, inviting people with health care if youre an illegal immigrant does not help anybody. Inviting Homeless People to come to your town does not help anybody. By saying youre allowed to stay here, i think exasperates the program, exasperates their problem and hurts taxpayers who could be as liberal as you can be, want quality of life and security. Neil the book is still flying off the shelves. There is couple reasons why. Number one because you put me on your show. This is the second show. Do people know it is the same neil you were there before you appeared here. Im flattered nevertheless. This is the same studio. We just turn it around. Neil good. You are so it is the same door. Neil varney is taking all the credit. Looks so different. I could call him stu. He does not let you call him stu. Neil no. Always mr. Varney. Number one, i think patriotic emare getting concerned about the history. Saw it with kaepernick over the weekend. Unthanksgiving this, is Indigenous Peoples day. This is lincoln started in middle of civil war. We got to fight to keep it. Fundamentally americans are extremely patriotic and are resentful of the fact some are questioning our past. That is why i actually enjoy this more than ever. Neil heroic figures you talked about. What i didnt realize with your book, how quickly we rebounded from the alamo debacle. Months. Neil it was like stunning. A matter of months. Number one, a couple of things. You have to know when to fight, run away. Toughest guy around, sam houston. Great guy. Tell the other tough people do not go for revenge. You have to pick your fights. You have to go back because were not ready to fight. By the time were ready to fight, well shape the battlefield. Well have the best chance of winning. Isnt that life . I want to buy the business. I want to sustain this, this is not the right time. Walk through a sports bar, people say negative things about neil cavuto. You have to come back with bigger guys when the time is right. If sam houston neil what if i want to avoid all of that and eat and run . By the time they were fought they were still outnumbered, but timing was everything. You learn a couple things. When youre 26 years old, fighting the battle of horseshoe bend, you dont think you can get shot, you get shot four times and almost die, courage is calculated. You see washington burned to the ground in war of 1812. He realizes our country is fragile. He has to protect the country. Courage has to be calculated. That plays into 1836. Reading this, studying, this a yearandahalf. This is almost like a movie. If i wrote it as movie they with hand it back to me saying not realistic enough. But to think in one year neil with fox nation. This is a movie. This is a screenplay. It has been before by people who didnt shave that well and didnt get clean like john wayne. They had attitude and swagger. Neil you could branch out making big movies. Fox nation, to me that is branching out. We did a whole series on the alamo. Neil youre hedging your bets. Much success as author and screenplays u tough cash in here. I know this is a business channel but is it really all about cash . Neil pretty much. No. You are to be commended. Outstanding book. He looks at historical incident we have forgotten, shouldnt have forgotten. Read it, sam houston and the alamo avengers my friend. Has same 24 hours. I two too shows a week and six days a week. Neil talk to varney. Welcome back. I on their screen, Online Shoppers setting a lot. We break it all down for you as we speak. Theres a lot to go over here. You might forget, could this be the start of a sellout . They started accelerating in the last few minutes. You will see the red on your screen, we are at or near are those of the day. Earlier this morning, it started and its remained lower as well. The got check on Global Manufacturing coming in disappointing investors, attracting more than expected for the fourth straight month. His whole we are paying for the u. S. Of China Trademark and sunday we heard that its produced by the Chinese Government and the u. S. Existing tariffs, so not even the plaintiff tariffs that could be on december 15 but they are having as part of the deal to get to phase one of what we have been talking about between the u. S. And chinese. President trump saying he was reinstated from brazil and argentina. You have the ism figure is a disappointment and on top of that, you have continuing trade worries which was all about where we were this time last year. We will put up a full screen so our viewers can be reminded. Selloff after selloff, we are showing you the sum total about 42018. The dow losing more than 2000 points, this was very much a result in consequence of the china trade work. Here we are a year later. Its a big overhang on sentiment. The dow down about 231 points right now. We just get alltime highs last week so put that in perspective. Have a percent or so. Investors are holding on health they are out in the end, that might be the fact that out of nowhere the president had argentina and brazil, he can do that at any moment. Mike here, democratic strategist and Political Science professor. s signal you think the president might be sending beyond brazil and argentina. He is letting people know hes not about this confrontational approach. I think theres been a sense that the election coming, the president is somehow eager to make these deals and i think what he did on twitter today was say not so fast, im not above a confrontational approach when it comes to tariffs and i will reinstate and it does make people jittery. Whether hes doing it to send a signal to china, i dont think we can read his mind but it does send a signal to people thought he will be confrontational. He has not abandoned where he was in 2016 as he approaches 2020 as an incumbent. I think is a much Bigger Picture here. We try to look into what trump is saying but its been pretty consistent. Forcing it down to make them absorb what they are dealing with which is he accused the chinese of doing that. From a Bigger Picture, the president is saying to every country out there, we want a fair deal. We dont need to take advantage of you but we dont know, we dont want to be feeling advantage of. Im going to push back and it can be with tariffs or anything out there in order for me to get a fair deal. What if it doesnt get that response . I think it will be a big challenge. I do think as the election gets closer, is more incentive for him to make a deal. I think reality is the chinese are offering him a lot of ways out. Depends on what kind of deal they would make. As a shortterm and longterm version which is how this whole thing started. They never resolved. Its a risky strategy, it may pay off but if it does it, it will be a significant problem because if this actually leads to more in the stock market which weve seen it go up and down, that will be a problem. They wont remember a year ago, they wont remember closer to the election. Say what you will but its hurt the economy, its viral because of the tariff. None of that has happened, just the opposite. The president may not do this except we are still at an alltime high in the stock market. Those are big numbers. Conventional wisdom is that as you get closer to the election, you need to live up to this promise but hes been remarkably consistent on these issues and i do read today, i hayton to try to read his mind but i do read today as a warning that if you think im somehow conventional, now ive been in d. C. For years, think again because im still the president i was when i ran. We dont know yet if it will hurt him in the election but i do think hes sickening that hes not changed who he is being in washington. Scrutinize to the benefit of those who have been doubtful if those waiting around, we have something substantially better than what we had before . I think we will and anything we get, any deal we get with china will be better than what we have before. There was it theft. They were stealing u. S. Intellectual property. Its been addressed by off the president s. Nobody wanted to act on it though. Before we can get there, we have to have them agree to stop. Once they do theres still a backstage. I think thats part of the deal they are pushing for no more theft which sounds like you and i are going to do business together, agree not to steal from me but i wouldnt trust you. Let me ask about a separate issue, the impeachment, the president said the white house will participate in these committee hearings. They are a sham, they are raked. Youve heard it all. Is it just a conclusion, my house seems to be thinking it, he will be impeached but thats where it stops. I think that is a way of looking generally at best. I do think it could be damaging the democrats. I think the open question is actually what happened. Not necessarily the outcome but what, if anything, puts on attention, if theres more republicans who may move a little bit, i dont see it happening but if it was on six, it will capture attention different than if it goes on a week or two. Is it your sense that a first nomination or any number cap looks very difficult increasingly and thats what Mike Bloomberg is seizing on that in the first ballot, with the crowd we have now, much more this time then the last around, all of that is past . I am highly skeptical. Every year the media celebrates but the broker convention, i think this is going to look very different after iowa and New Hampshire and after South Carolina. We really dont know until iowa and a bunch of people will drop like flies. I think its possible but this comes onto threeperson race which we saw in 2008 and pretty much every election before that. I think its a very good deal still. It narrows from there. If you have a split, if barack obama one, your the president front runner could lose both state and by a lot. He hangs his hat on South Carolina. Although hes in iowa today to pick up those numbers but as a political scientist, i love nothing more than a convention because theres more democratic or fun. I think its highly unlikely in this age that it gets to that. It could but i think we are likely i hope so. I do think the calendar change for the democrats is a big issue here. If Mike Bloomberg is able to change this by ignoring the state and going into super, democrats have a real challenge on the hands with the way the calendar has changed. I will be a problem with many progressives, exploring these states and 30 million in media ads and important to make it out of fact, that will be a big challenge for democrats. How probable is the angst on wall street that the president is reelected . They go nuts but are they concerned enough to do what the others are doing to look like there helping Small Businesses in the average americans . Just in case. I think theres some sort of edge out there but i think if they really felt Elizabeth Warren or Bernie Sanders would be elected, i think they would talking more their selling stocks. A market thats not at an alltime high but a soft becaus so its more on expectation that nothing is wrong. They seem to think that the president is his election. From now until a year from now, its an opportunity to make more money. The answer will change as we get closer to the election but the reality is, a law the theres a big variance in terms of democrats running in what they want to do on wall street. Elizabeth warren or Bernie Sanders could win or are they concerned enough to say they are the nominee . Certainly the people who support them say that but i have a lot of concerns that either of them could actually win the election even though i agree with him on a number of things, i think defeating the president is one of the most important priorities in the election and thats why you see clippers on both of their parts. What you think happens to them if they lose this election . No caps or warren and i think they will go into a classic but there are a lot of gains at the state level, have a lot of power out there. The one thing i would say if they lose, they might want to relook at the primary process because its clear the old does not do any favors its time to 16. But its not a good process. Is there a connection between all these flight delays, people staying home because of the storm on the northeast and what could be record cyber monday sales . We will connect. You just might sit back and want to hide. Missus long time in the making, such a close wednesday with its new stocks that will begin trade thursday. Your better than abraham lincoln. And you are somewhat. [laughter] is this the updike . I think wednesday so after wednesday, the close of market wednesday, i believe it starts trading under the combined company under tooth stocks. Bia, ca will be sherry road storms controlling shares. Average people cant buy that. The regular stock symbol that average people can buy. Its to Big Media Companies long time in the making. Sherry road storms father broke and separate companies. Sorts back to those three days. This is a big deal. The two pretty Big Companies, nickelodeon, other Major Properties combining it, it will get synergies and heres the first thing. Layoffs. That is coming down the pipe. The playoffs will probably be in shortly. They will talk about drawing up plans shortly after close of the deal. That will be after wednesday. They restructured management ceo of viacom. Under him is a whole Management Team including joe, hes now the head of the cbs. Theyve been working well together to figure this out. They have to get 500 million out of this thing. Cost cuts and layoffs. Then its the future, do they Stay Together or do they shop themselves . Topic themselves clearly on the agenda. Its not something that will happen tomorrow. They will shop themselves. Management the whole thing. In this landscape, what is our market . We are in the 30 billiondollar range. They are kind of in that range as well. The Big Companies control media right now have market caps of 500 to 1 trillion. If you consider amazon a media company. Those of the thats why its hard to be a standalone player. Theres other arguments that smaller might be better as people need content and they consume different ways but right now, the theory is that they will have to be sold at some time. They wont be sold until they do the synergy part. And you mentioned amazon. Amazon, apple. It depends. Do they want to get into context . Ali tired of developing their own . I dont think disney will do another big deal because i just did us. I dont think well merge with them because if you think about it, there would be synergies if they merged because we dont have to same. A hard deal to do. You are dealing with two families. So those are the cultural things so 2020 could be interesting. I think they will have to get the savings and will have to move fast but yes, you could see a deal toward the end of 2020 for them. Natural fires of tech and it also has to do with another layer here, the government allows them to get bigger. Will the Justice Department allow google to buy them . It depends on the white house, too. This white house isnt too crazy about that. Right. A chunk of you. Are you saying im going no, you would be drawing. I heard they need an elderly guy for jersey shore. [laughter] thats why im going. I will get him to get me in there. I wish we had so much more. Thank you, well leave it there. The best Business Journal in america. China and russia are closing up. What could possibly go wrong there . Here is the good thing about this cold and snow up the east coast, it will probably launch online sales record today. The bad thing is, stuck in the snow while doing it. More on that. Christina. What you see right now, i heard traffic is horrendous trying to get into gloria. He got wet ice on the floor over here but its definitely not as bad as what we are seeing in boston as well as the midwest. The serfs are getting quite hard and delays and cancellations across the board but we are talking about which airports are the worst hit. Ohare, newark and laguardia right now. What does that mean fraternal cancellations . What we are seeing right now, they are saying theres less than 3000 delays of a moment, about 500 cancellations. Record cost the airlines a lot of money. For every single hour of flight is delayed, it cost roughly 4500 and for passengers, a cross 63 for time and money because time is money. It creates chaos in the airport. So i reached out to travelers walking by today, listen how they react to this storm. I came from columbia into delay a little bit. Making my flight here delayed so i have to run to the airport b but. It was rough coming in but we are here. We reached out to united southwest and theres only a few delays. American islands, we are seeing about ten delays across the board and one cancellation. You can always be course but i heard the snow is actually going to get worse in new york and new england in the next few hours. Select create more headaches for all these travelers trying to get home. Thank you very much. The white house is responding to francis digital tax that could get heavy in europe in the next couple of days. I think they are playing with fire, the Trump Administration and hes covering his campaign. Bloomberg has entered the race. The new york mayor entered the race as an alternative of more moderate alternative to the president. Again, in trying to tell the organization, my democratic colleagues have come out of the problem. Media industry icon. What you make up this back and forth here . I think he has two problems. One is trump and the other is bloomberg lt because hes got to keep it neutral. He put on big member out that takes a lot of tension. Mike said cover me but cover everybody else and dont put any papers in. The best thing is creating more. It is an issue. Never had a media candidate run for president and these are new issues that will have to be resolved. How did he handle this when he was a threetime mayor . He was lucky he had no real opposition. He spent 100 million. Whats interesting is he hasnt said what he will do what the company you are absolutely going to win. He could put it in trust, ive heard some crazy rumors that he will sell it between now and next november but it wont happen. Will it make a difference in the race . It depends. Look at tom steyer, he spent tens of millions, maybe even hundreds of millions of dollars on commercials. They are nice, their planned, they are not compelling. They dont talk you between the eyes saying you have to see more, how you used to media and bloomberg is a master at manipulating the media so i think it will be a big game changer for the democrats. And they are very nice and oppressive. You talked briefly about the notion of if the president is reelected, with he be a tougher judge and apply more scrutiny to media mergers based on anything else . A particular company is very strongly against the administration, yes it will impact any chance they have to do business deregulated by the government. I think what we are looking at is more consolidation particularly, they are not going to be in that. They will be for companies that survived disney of course right now has the best chance. Netflix is not going anywhere. The problem netflix is facing in five years, they will have maybe 150 million global subscribers and so will disney but the difference is, disney is making a profit and netflix never has. Somebody else will have to take over netflix. So the media world as you see it, what happens after the next election . How do you see this all shaking out next year . Its unlikely that major Communications Companies are going to become more partisan. The audience, its mostly senior citizens. Demographic is way up in the high 60s. But in other news, they are in the low 60s. They are going to have to change and modify to hit the demographics. Didnt they find that sweet spot . Theyve got an isdn which basically controls most of the supports right. Theyve got abc were the general audience and female audience, theyve done a wonderful thing already. Thats terrific. All the others will have to start fumbling as well. Cbs is trying to do a dual path with the original content and other streamers, cbs is a target. You have charlie a few minutes ago and he was talking about whos to buy, i think a potential buyer is cbs. Most people dont Pay Attention to microsoft but microsoft has 90 million text box users, video games. No tv content, no movies, no anything else, just the games. Im thinking of apple, or to they do with that . Apple need content. They started to ramp up input are all kinds of those. Netflix. Its very likely. I dont think amazon, they have a different type of streaming. They are basically selling amazon prime. Streaming is a bonus. Its got a content side but they are spending billions of dollars on the original contents. They are bring one or two good shows and keeping everybody happy because you get free delivery and thats more important than a whole array of tv shows. If the democrats were to take the white house, with a change the immediate companies . I think it has to. Im not sure if they realize how important it is to regulate the internet. Europe has already done it. The rest of the world is regulating the internet. You know where the sec came from . Fdr said hitlers speeches were rising in the german and creating in environment, i dont want that to happen in the u. S. So he created the fcc to regulate the internet. There internet operation airwa airways, the public domain, that cici needs to reform and look a you are saying a government perspective. They do not get 1 penny of federal funding. Its the most Important Agency in the u. S. They get 300, maybe 400,000. They have 1200 employees. Google has thousands of employees, incredible. Whether you are democrat or republican, they are the most Important Agency in the u. S. Government. Real quick, back to what happens now to Michael Bloombergs empire. Who will bid . I dont think hes even remotely thinking about that. Thank you very much. The dow is down about 220 points. This is the first day of december. We will remember what happened december a year ago. Everything went down. What happens next. What his friends for a nasty conversation. The latest, it has to do with digital text. Talking about digital tax, the Senior Administration official told me we should see the Administration Response to this digital tax grant is putting on the big tech giant. 3 tax on the annual revenue of major tech companies, google, amazon, apple, facebook. The french decided to make this announcement last august. The french president s had there was a deal with the u. S. But those specifics were ever given, donald trump confirmed an agreement. U. S. Trade Representatives Office is running a report based on this new tax between today. The white house says this amounts to an unfair trade practice, white house advisors no clue as how the administration will react. Allott the president talk about that. 560 million a year with this tax. The framework for how to collect the tax and what to collect, he finished sometime in 2020 or early 2020. European union last august said they would retaliate if the president decides to retaliate with friends over this tax. Getting smart tv a smart move . Fbi is warning it could be hacked to making money. How real a danger is this . It is very real. The operative board here is smart so they have microphones, cameras they have all these operating systems. They come from different manufacturers and heres the irony. One of the efforts find all the vulnerabilities and find out. Youre watching tv but your tv is watching you. Is a just under the newer models . A lot of people saying if it comes with china, im not buying it. Or is this a pervasive issue, Technology Advanced to the degree that it is easy to get hacked . You have different manufacturers, recently there was an example with the google chrome, anything other that is collecting data, its not just thieves but advertisers want this information. They want to gather everything we do. We know its about gathering information, to know us but its unnerving to think people probably should always think about this, youre never in a room alone anymore. Its when im awake to say those things about you. Thank you. Stay with us. I think isis is really defeated . Copycat following fridays London Bridge attack. All they took down some of them. Good to see her. I have this ever happened in the first place, how did it . A lot of it is a pc culture, they think we are dealing with prisoners in reform, they are not prisoners. I believe in Second Chances but these are not prisoners, their shoulders, fair fighting. The jihadist version and the sky was needed to be watched even in high school. He had pictures of Osama Bin Laden on his notebooks. Thats an indicator but the scary thing about that, he didnt just grow up thinking someone is teaching him, this is an ideology we are fighting. The poor victims doing the right thing to rehabilitate terror were killed because they think talking up terrorists is hayton. They are killed by hayton by somebody who held hayton on the first day in prison. What should our policy be . A lot of people said they suffered enough. In some cases a decade or more. One of the good things we do here in the u. S. , if youre convicted, someone who wants to commit mass murder, we will put you in a cold and darkness forever and never let you out. There systems are against us. A lot of them are coming in illegally infusing our system. Using our free speech against us. Even in fonda, they getting rid of them. The 5foot marble tusk. It could have been a lot nastier. What these guys want to do, they are believers in their cause. They really believe this. Their goal is to get martyred so they can go to heaven. This guy put on the fake suicide vest because he knew once they showed the cops, they would kill him and he would go to paradise. He really believes hes going to paradise. They run into this facility, they didnt have any guns or weapons but he had knives. I think they were taped to his hands. They monitor or something but they said he could go without any adult supervision. Even when he went in, he had attorneys who are giving him my telling him to say he did something so he could get out early. He starts flying and he didnt even see pearl bar. This is a guy who wanted to put bombs in the bathroom at the stocks exchange. Hes coached to say that. We are not going to win this by invading countries and killing as many as we can. You are not buying the argument that we need help from moderate muslims which we do but we are not working with the right groups. We wont get them, we need to work with democracy. Modern muslims are frustrated because they are giving a solution but we are not taking it because everyone is so worried about being labeled islamic or racist. Majority of them dont like any of this. They refused to do anything because they will get labeled. A lot of politicians in the uk are suffering for it now. These people who really believe in hatred were killed by hayton. When you took down Osama Bin Laden, that was a defining moment but i think he said thereafter, they keep coming. We need help from their teaching. The problem in some of the places in iraq were a lot of these are teaching people, little kids to cut heads off the dolls. They had 5yearold kids cutting heads off of real people. There cutting heads of people, youre not going to grow up okay. They are letting them back in. They must be rehabilitated. This is the second or third incident where knives were used with deadly effect. I think the one with a took out a british soldier they ran him over with a car knowing he would be crossing the street without looking. They did nasty stuff. Theyre being coached online on some of these isis inspired and al qaeda magazines, how to kill the westerners using anything you can. The big worries, trucks running through christmas parades, a lot of it will work. Its not the weapon, its the intent. Terrorists are not normal. They keep saying this isolated event. They dont want to label it. It happens every other month and its one person but these are the same ideology, they live in the same spot. Thank you very much. Words to remember. I hope people do. With hasslefree claims, he got paid before his neighbor even got started. Because doing right by our members, thats whats right. Usaa. What youre made of, were made for. Usaa vo the flock blindly flying south for the winter. They never stray from their predetermined path. Defy the laws of human nature. At the season of audi sales event. Neil all right. Before i hand things offer to Charles Payne. Lets look at corner of wall and broad. Were starting off december in a bit of a bumpy note. The dow off 200 points. 24 of 30 dow components feeling selling heat. A lot on doubts about trade, doubts about our own manufacturing sector, doubts about a lot of stuff but keep in mind still a half a percentage point of record highs reached what, last wednesday. That was then. Now to Charles Payne. Charles neil, appreciate it very much. Good afternoon, everyone, im Charles Payne and this is making money. Breaking a stocks tumbling hard after manufacturing miss. Triggering major profittaking on nasdaq all of this brings to mind a year ago when the market endured one of the worst december ever. Meantime the American Consumer buying big time. Millions of americans buying online for cyber monday. Spending big bucks and setting records over the thanksgiving holiday weekend. President trump on his way to the uk. For a nato summit. He has a few choice words for nato, impeachment and china before heading out. Violence near the southern border