Transcripts For FBC Making Money With Charles Payne 20240713

President trump calling for a war on Mexican Drug Cartels. The big question, should they be labeled terror organizations . All that and so much more on making money. Charles President Trump saying he is going to put steel tariffs back on brazil and argentina, this in retaliation over currency manipulation. Coming as House Democrats inch closer to agreements with canada and mexico over usmca. Hillary vaughn live on capitol hill with more. Hillary . Reporter charles, argentina and brazil have been both filling chinas void of Agricultural Products caused by the u. S. China trade war. They are both the latest target of President Trumps tariffs, announcing he will slap steel and aluminum tariffs on these two countries for manipulating their currency which he says is hurting u. S. Farmers and manufacturers. Well brazil has really discounted, if you take a look what happened with their currency, they have devalued their currency very substantially by 10 . Argentina also. And i gave them a big break on tariff. Now im taking that break off because it is very unfair to our manufacturers and very unfair to our farmers. Reporter today House Speaker pelosi in in trade says the usmca is still not ready for a vote. Democrats want mexico to accept better enforcement measures from the u. S. To make sure they keep up labor standards. Pelosi saying today she thinks the deal on the table does still not go far enough. We still have some issues that relate to enforcement. If you dont have enforcement you have a nice conversation and a list of nice things but you do not have a fair deal for workers in any of the countries. Reporter on friday mexicos trade knelt tore met with Prime Minister Justin Trudeau said they are eager to make a deal on labor reform, saying it is an essential part of the package. Mexicos president has been pushing for labor reform for several years. Charles . Charles hillary, thank you very much. How likely is it that well see a usmca completed this week . Tariffs a warning for china, maybe you know, we get phase one signed before december 15th, what does it mean . We want to bring in former trump trade and jobs visor curtis ellis. Curtis, first on the situation in brazil and argentina. Now hillary started initially, her piece saying that they have filled a void, the agriculture void. Is some of what happened today based on that, retaliation for that as well . Absolutely. This is bigger than steel. This is about the fact that look, brazil, major producer of soybeans, who do they sell them to . China, argentina, beef. Who are they selling their Agricultural Products to . China. When they manipulate the currency to keep it undervalued that is affecting much more chan steel in our country. Steel is the weak point for brazil. They sell 2 1 2 billion dollars of worth of exports of steel to the United States. That is the to get their attention. Stop cheating on trade. Charles isnt all this fungible, whoever brazil might have been selling soy to china, that old customer need someone to buy from, can they buy it from us . How does this work . Can they automatically fill the gap because were talking substantial numbers here . China is playing a game with us, right . China has bought farmland in brazil. They own the major soybean export port in brazil, the railroad that takes the from the field to the port. They own the seed company. They are trying to get more than control over Soybean Production in south america. The last thing we need brazil to devalue their currency to get further distortions in the market. Charles one of the things i thought about when i saw this, over the weekend, coming into this morning, yet another story about chinas demands. Roll back some tariffs. I dont know what the number would be, sign of good faith, whatever, but if President Trump decided to do that, this morning this action in brazil and argentina is a message to china, hey, we can roll back tariffs, but if you, listen, if you, if there are any missteps, if you dont do what you say well do, well put them back on in the blink of an eye. To me this sends a message to china, if we roll back any tariffs they go back on in an instant. President trump is sending many messages to china. He understands the whole trade situation is lot more complicated than the previous situations. Buy the friends on the world stage, giving away our industries, giving away our jobs, basically giving away our economy. President trump says well do what is right for america and let the chips fall where they made on the international trade. Well stand up for what american farmers, ranchers and producers need. Charles do you find it intriguing, im working on a piece as we head towards two years of tariffs, thinking back to all the misery promised in america. Right. Charles you know, that we would have, no way two years ago anyone would have said we would have wages going through the roof, better than in a decade, we would have record breaking numbers in jobs, recordbreaking moves in the stock market, we would have Consumer Confidence through the roof, 7 million job openings. No one pry dicked that, instead they said smoothawley, smoothawley. Smoothawley. Let me explain to the audience what happened about smoothawley. In 1930. It goes into effect. 8 unemployment. Next year 16 unemployment. Next year 25 . 25 . We were promised smoothawley. We got the exact opposite. How do you explain that, curtis . You got to go back to henry Carrie Abraham lincolns economic advisor. He said when you raise wages and incomes of americans they will have more consuming power. Consumption follows production. Production comes first. So what President Trump is doing, going back to the old playbook, the original playbook of the american system which is, do what will raise the incomes, raise the productive capacity of our country and then you have got rising wages and more consumption. Charles all right. That is whats happening. Thank you very much, curtis ellis, always a pleasure. All right, the official start to the Holiday Shopping season. It kicked off a record breaking sales online. Americans spending more than 11 billion in on thursday friday, and desai per monday is expected to generate 10 billion. The strength of the American Consumer continues to soar. It carried our economy along the way. Joining me to discuss, Gibbs Wealth Management president , cio erin gibbs, retail analyst, erin sikes. I will have to go with gibbs and sykes. Maybe a 1980s cop show or maybe a law firm. Youre the retail expert. Did weekend live up to your expectations . Absolutely. It is surpassing expectations. That is not just because we see retailers finally truly embracing omni channel with ecommerce and brickandmortar but the rise of mobile. Mobile actually took 65 of all ecommerce through the weekend. So that is the new medium. Charles erin, we saw where some of these Retail Stocks came on last week, the second bestperforming sector, were Consumer Discretionary stocks but we all know they cant be winners. As you sift through numbers. Obviously online has done well. There are brickandmortar winners. To sykess point, those names, call them bopis, buy online, pick up in store. Retailers that do that are in the sweet spot right now. Maybe need Good Investments . Walmart is one of prime examples being able to do that. And a lot of other big businesses are getting into it. I think what is really interesting about the online sales for this particular year we have six left shopping days between thanksgiving and christmas. So there is just less time to get out to the store. I think, this is one of the things that is making consumers really embrace the Online Shopping so that you can run into the store what youve already bought. As well weve seen a massive increase in Online Shopping from the 34 to 59yearolds. Which is one of the key demographics. I think it is not just Younger Generation but older generations are saying hey, this is a lot easier for me to do business. Those stores are able to help consumers in any way, make this shopping period easier will be the winners. Charles this buying online, picking up at the store will be very huge. Erin sykes are you seeing that as well . Absolutely. Retailers that won over the weekend ha instore pickup. Incremental, cash register, check out items. Those who embraced the holiday spirit, merry christmas, happy thanksgiving went for it in theme and service. Of course mobile we just mentioned. With mobile a lot of times a lot of time those transactions are physically happening inside of a store. Maybe shopping at target but price checking using your phone on amazon and completing the sale on amazon. Its a true new way to shop this year. The first year we truly ever seen it like this. Charles erin sykes, one more thing i wanted to ask you. Apparently the hot things are electronics, average price, ticket price 214 bucks. Sporting goods. 101 in clothing. What i found interesting some were weak areas through the course of the year. Whats driving the specific demand here . Electronics are always huge, especially black friday but throughout the holiday season. Nintendo is really big, iphone sales, et cetera. In terms of clothing we actually see a bit more of the Clothing Sales today. So come cyber monday and also shop small saturday. So we have a lot of electronics skewing front end of the holiday weekend, coming through into clothing towards the end. We have already seen 20 of the total sales for the holiday season. Charles right. We expect to see more and more of each of similar fashion come christmas. Charles i picked up three of my nintendo switches, my granddaughters insisted one and i bought two more in case the family wants one. Were down a little bit in parts of manufacturing data. I think the question, will the consumer be Strong Enough to carry this economy and stock market . And at some point maybe manufacturing turning around . I mean certainly for the end of the year, looks like we end in positive territory. It takes some dramatic type of break for to us see it, a downturn. Just giving initial numbers that weve seen from black friday weekend and what were looking for, for today. I think consumer clearly a strong consumer who is willing to buy. And that you know, obviously just delay in tariffs is one more thing to help us through the end of the year. So i think were looking good for the end of this year as well as into 2020 when we start looking at protections. Charles i hope you dont mind. I will pitch this to netflix. I see what we get. I think we have a pretty good basis of a show. By the way they need content. Thank you very much. We enjoy your expertise. Thank you. President trump on his way to london to meet with nato leaders as he keeps pressure on other countries to pay their fair share. We have the details. Plus the Mexican Drug Cartel threat is growing. At least 21 people were killed in a gunbattle near the texas border. Should trump follow through and label the cartels as terrorists . Well be right back. Is helping s provide care in whole new ways. Is helping s 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. Hour 36 in the stakeout. As soon as the homeowners arrive, well inform them that Liberty Mutual customizes home insurance, so theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles attorney general bill barr heading to mexico this week to talk to security amid a unsettling rise in Cartel Violence near our border. So what can be done to keep both sides safe . Here to weigh in border commerce secretary Council President nelson belido thanks for joining us. Hello, charles, how are you doing . Charles good. Yesterday mechanic can authorities arrested several people involved in killing of nine americans. The baron family, we know of those deaths. A major shootout where 19 people with killed, 40 miles southwest of eagle pass, texas. This is obviously getting too close for comfort for americans. We are concerned. What should we be doing about it . Actually 22 people, that is west of eagle pass that were killed. 16 members of cartels, four police, and two innocent civilians. I think what we need to have is serious conversations with the mexican president that has had a different attitude on Cartel Violence and how we, how they apprehend those people and what they act on. Those particulars need to be, we need to have intelligencesharing and programs that work. There is governors on this border within the United States and mexico that absolutely have been doing the right thing. The governor of of also in chihuahua, campaign for secure and prosperity, enacted 18 months ago is where the council has been very active working with mexico and u. S. Forces, i. E. , cpb and related agencies, in intelligence sharing and more importantly, involving the public for the first time in history. We have a whats app and one800 to free number where people can report the crimes. No one want these things but the federal government has to take action. They have to accept our help. They have, they have to recognize, they have an issue they cant control. Charles sure. They absolutely got to get with the program. Charles they arrested public enemy number one, el chapos son. They reported, there is glee. It is in the media. All of sudden dump trucks with armed terrorists are in them, drug Cartel Members, they start shooting randomly in the town, killing everyone. They end up giving this person back. They let el chapos son go. Huge embarassment to these guys. I understand no sovereign nation wants a sovereign nation launching drone attacks, but tell me why they wont accept our help. The country needs our help . You have a person that has taken a different route to these type of violent acts. Its a more of a leftwing, more hugs, and not bullets or type of idea what they call it over there in mexico, but i will tell you charles what about the corruption part of it though . Many say the real deal is not the hugs but the envelopes. It is how entrenched these cartels are in the mexican economy that it is too late to pull them out . Well i dont think it is too late. I think we need to have the public involved. There has to be a way to do that. More importantly you got to remember, in each of our ports of entry we need a better southbound control of guns and arms because right now all the arms, most of the arms that are getting into the hands of Cartel Members are flowing through our southern border. There has to be programs out there to stop these illegal flow of bulk cash and guns. Charles yeah. Until that happens, and we have the federal government in mexico accept help, there is a lot of tools they can use. There is a lot of tools at their disposal. The u. S. Is willing to help. You have to accept it. Charles hopefully they will start using them soon. These stories are becoming very worrisome for everybody he would. Nelson, thank you very much, my friend. Thank you, charles. Charles the search is on for a unifier in the Democratic Party. There is growing consensus it could be bernie sanders. Thats right, bernie. President trump is heading to london for the nato summit. Impeachment proceedings are starting in d. C. The ukrainian president said he never talked to trump about quid pro quo. Well be right back an official message from medicare. Hey fred its medicare open enrollment. Time to compare plans. Were fine with what we have. Thats what the johnsons thought until they tried medicares new plan finder. The johnsons . We saved a lot on our prescription costs and got extra benefits. How bout it, fred. Plans change every year. Use the new plan finder at medicare. Gov. Comparing plans really pays. Look how much we can save. The whole thing is a hoax. Everybody knows it. All you have to look at the words of the ukrainian president , that he just issued. You know its a hoax. It is an absolute disgrace with theyre doing to our country. Charles President Trump with strong words for democrats amid the impeachment inquiry before heading to the nato summit in london. The House Intelligence Committee is expected to review a impeachment hearing report tonight and vote on it tomorrow. The House Judiciary Committee holding the first hearing wednesday which the white house says it will not be participating in. Joining me to discuss from the rick ungar show, rick unger, former assistant to president george w. Bush, brad blakeman. Full speed ahead of the impeachment inquiry. The last few weeks have not moved the needle at all mon the morning public. Exactly. Impeach which is more like inquisition, is means to get at the american president. They have two bites at the apple. Weaken him so that he unelectable in november. As the democrats as you pointed out. Their shenanigans so far not moved the needle, not likely move the needle with the judiciary committee. This is like the old west movies where they hang the guy after giving him a fair trial. The American People dont like what they see. Charles president zelensky that is not my thing with the quid pro quo thing. I dont want us to look like beg gasser. You have to understand we are at war, if youre a strategic partner, you block anything about us. This is about fairness and not quid pro quo. He gave an interview with several publications including time and der spiegel. I dont know the transcript didnt mean it was quid pro quo. The ukrainian president keeps saying it wasnt quid pro quo. The democrats will push this. It is not democrats that push this. You and i talk to republicans off the record. We understand problems they may take. Why they have to take the positions they take. They have to get reelected. Can you blame the ukrainian president . My goodness, what would you say . Were talking about the president of the United States, somebody who has enormous power over funds, money that ukrainians need to fight the russians. Of course he is going to say, i cant blame i am whatever will dep keep that president comfortable. Charles in the same vain you would have fired a prosecutor might be looking into your sons business if youre the vp . No, not really the same way. Im not prepared to sit here and said that didnt happen. I will tell you i have done a lot of research on it. I do not believe it happened that way. I actually spoke with somebody at the International Monetary fund because they had made the claim that biden wasnt just there for the u. S. He was there for england and for the imf. And they back it up. Charles hunter biden . Not hunter. Im sorry. Listen,. Charles i thought hunter biden was hired by the imf . Okay. There is no defense for the bad judgment of hunter biden made. But you cant blame his father because he has bad judgment. Charles i will is you about this, goes. Let me switch gears real quick. The Democratic Party is breaking off into different factions here. There is big call for a unifier. A piece in Time Magazine said, believe it or not, maybe bernie is person that can do it. Rick ungar, can bernie do it . We give bernie props, his campaign has been resilient. It has gotten better since the heart scare. It has, i agree with that. No, i dont believe it can be bernie. The only unifier i can see so far is donald j. Trump. He will unify the Democratic Party, i think every single day were headed toward a brokered democratic convention. Charles brad, your thoughts who might be the democratic unifier . First of all you heard it, donald trump is the unifier. Not enough to be against trump. You cant hate trump out of office. You have to stand for something, that being democrats. It is too early to say who a democratic unifier will be, charles because the very fact in iowa and new hampshire, nevada, South Carolina they could be different winners in different races. Sure. I agree. This could absolutely be a brokered convention and why i dont think even if we get to South Carolina you can say that the party will be unified. At that point i think there will be further divide. Charles there could be serious wounds there. I have to agree with that. Charles rick, brad, were out of time. Youre two of the best. Thank you. Charles fox Business News alert for you. Breaking right now, atlanta businesswoman will be goll are georgia interim senator. The republican Governor Brian Kemp will offer kelly kelly loeffler. Johnny isakson vacated seat over health reasons. We could have a donnybrook in the Republican Party over this one. Socialism continues to gain steam with younger americans. Well look at the push to rebrand capitalism, maybe call it something else, later in the show. At fidelity, online u. S. Stocks and etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk while our competition continues to talk. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. 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I recommend topical pain relievers first. Like salonpas patch large. Its powerful, fdaapproved to relieve moderate pain, yet nonaddictive and gentle on the body. Salonpas. Its good medicine. Hisamitsu. Male anchor . An update on the cat who captured our hearts. Female anchor how often should you clean your fridge . Stay tuned to find out. Male anchor beats the odds at the box office to become a rare nonfranchise hit. You can give help and hope to those in need. shaq chime 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. Charles wutang says cash rules everything around me. Young adults singing a different tune. According to a poll they view socialism as popular as capitalism. But talk about Free Enterprise, that reigns supreme. Maybe it is the free part. Perhaps it is time to rebrand capitalism. Here to discuss from the bahnsen group, cio david bahnsen. I did the wutang reference for you, david. Sure. Charles in 2010, millenials, gen seers, had 66 of positive view of capitalism. Only 40 thought socialism was a great thing. Now theyre even. Seems momentum is certainly on the side of socialism. What is going on here where younger americans dont believe in the system that they probably are enjoying a lot more than they think they are . Well that is a big part of the problem. They have not been educated how theyre enjoying it. They have not been educated to appreciate what Free Enterprise meant to the society. Sawed it a moment ago the word branding. I never liked the word capitalism to describe the belief system you and i hold dear to describe Free Enterprise. I prefer Free Enterprise. I prefer the idea of a free and virtuous society. It speaks to the quality of life and freedom for all people and speak to the dignity of the person. I dont believe millenials are reproud didding a capitalism and i think that is different thing. Charles they are different things. Free enterprise from 20182019, millenials went from 71 positive, 83 positive. When they call it big business, they went from 56 positive to 46 . Complete diverge answer this is mindboggling thing apdo they represent the big thing. The people think big business they embrace crony capitalism. I no more embrace crony capitalism than i do socialism. The belief that anyone can make something of their lives, no matter where they came from. Small business, Free Enterprise, theyre all these different terms that like your own polling data shows. Kind of create a more positive response. Big business, for lack of any other reason, just sounds like a cronyist type idea. Charles income inequality is a big topic right now. Over the weekend you heard stories, walmart, not paying workers extra money for working on thanksgiving. Amazon, people are getting maimed to fulfill one day same day delivery. It harkens back to a time when robberbarons were given a sort of label as cracking the whip on American Workers to their benefit and so this is where, these stories never end. I mean they never end. This week there will be two or three more stories like this. Does that hurt the narrative . How does business push back on this . I think that worker conditions have improved so much in our society over the last 50 and 100 years, that it is incredible were talking about the way workers are treated now but it does matter. Everything is relative. If youre 22 years old you dont know about the shirtwaist factories. Thats right. What they do know, they know 10 years ago their parent were losing their home. They know right now they cant afford the student loan payments. Those are two major inputs into most millenials how they interpret Free Enterprise. What they need to understand, this is a moral lesson, this is where i get critical, charles, ayn rand. I dont want to defend capitalism or Free Enterprise on the basis only how it impacts economic decision making. It is how it improves the quality of life for people. I think we have to do a better job making the moral case for free markets. Overall, around the world we have brought global poverty from 60 to 10 in less than 50 years. Charles right. Only thing that did that was the miracle of markets. They will not learn that in the school system. They will certainly not learn it in university. So people like us, experienced the beauty after free market, we have an obligation to help younger people understand reality of free markets. Free and virtuous society. Charles david bahnsen, wellput. Appreciate it. Stocks burying some of their losses. This is the cp effect in full effect. President trump is on his way to the uk to meet with nato leaders. How he plans to keep pressure on our allies to do a lot more, including paying their fair share. Step up, please. Empty your pockets. Looks like youre all set for that business trip. Youve got your smartphone, laptop, your other smartphone. Woman is this all the devices you have . Your tablet. Seriously . Smartwatch, your backup tablet, and. Woman anything else in your bag . Whatever that is. beeping this isnt working. Introducing Samsung Mobile workspace solutions. With the galaxy note10 with dex software, you can run your entire business on the one device that does it all. Samsung business solutions. Charles right now President Trump is on his way to london for the 70th anniversary of nato. The president expressing his anger that his trip is being overshadowed by impeachment proceedings here at home. The democrats, radical left democrats, do nothing democrats, decided when im going to nato this, was set up a year ago, that when im going to nato, that was the exact time, this is one of the most important meetings that we make as president. For them to put impeachment on the table which is a hoax Charles Blake burman is in london with the latest. Blake . Hi there, charles. President trump and the first lady aboard air force one right now. They are set to land here in london probably the next, two three hours or so the president coming here to commemorate the 70th anniversary of the nato alliance. As far as the president s again today goes, schedule over the next couple days, he will head over to Buckingham Palace at one point with other World Leaders for an event there hosted by queen elizabeth. There are a couple highprofile, bilateral oneonone meetings as the president sits down with the french president ayman all macron. He will have a oneonone with the german chancellor angela merkel. The white house has not blocked out time for a specific oneonone meeting with boris johnson. They are mindful of the elections taking place here in the uk 10 days from now. Upon leaving for london, earlier today, when the president was leaving the white house, he once again stressed the need for several european nations, nato member nations to meet that defined goal of 2 gdp spending for defense spending. Here was the president from earlier today. Im going to london to nato, fighting for the American People. It has not been a fair situation for us because we pay far too much. Reporter now as the president was making his way over here to london earlier today, the Trump Campaign separately, charles, made announcement that it will not be credentialing, giving credentials rather to reporters from Bloomberg News to their campaign events. They are citing the new Bloomberg News policy of not investigating michael bloomberg, now a candidate in the democratic primary and other Democratic Candidates while the democratic primary is going on. Bloomberg news shot back, with a statement saying, that they are not being biased to the president. Charles . Charles some would say turn about is fair play. Blake, thank you very much, my friend. For more on this i want to bring in Heritage Foundation Senior Advisor genevieve wood. Great to have you here in studio. Great to be here. Charles nato, President Trump critical of the organization but he did release a tweet today, in the three decades before my election nato spending declined by 2 3 and only three nato members were meeting their financial obligation. Since i took office, the number of nato allies fulfilling their obligations nearly doubled. Spending increasing 330 billion. I think that was needed, another kick in the pants. Absolutely. This is the first president weve seen this happen. Plenty of republicans and democrats come and go and they said they need to do more but finally others are doing more. The president is right. You have to keep pressure on. Countries like germany and france are still paying less than 2 of their countrys gdp, what nato calls for on defense for nato. If youre germany and france, you look at places like russia you might want to up that spending. Charles yeah. It is interesting, there is also been a discussion over the importance of nato you happen to be a fan of nato. Many are saying recently, whether in afghanistan, beginning in bosnia, how yugoslavia dissolved. Actions in libya, which began as nofly zone, erupted into a fullscale effort to get rid of gadhafi, perhaps to help europeans, whatever it is people are a lot more critical of the organization now than when it was first initiated. Have there been some mistakes made . Its a 70yearold organization. So, yes there has been times nato hasnt done exactly what it should do. You could argue it is one of most successful alliances in world history. To the extent it is not been strong, because the members not stepped up to the plate. You need there is leadership. President trump is trying to show that. He is showing that. And i think youre beginning to see others come along. When, if youre going to stand up to tehran, going to stand up to china, if you will have a true, strong force against russia, who else is going to do that . Charles right. European union by itself . I dont think so. You have people like macron and france calling for an eu army. This is the same country that is not even paying its fair share in nato, yet somehow he thinks there there will be this new grand napoleonic force coming out. It will not happen. Charles before you go, should the role be adjusted because of terrorism in the recent years . As an alliance, whether it is iran or china, militarily but we will unite economically to stand up to you enforce tariffs. That is the one of the best of both. Military factions and against terrorism. Charles we heard from you thank you so much. Would you eat a apple that could last more than a year in the refrigerator . Theyre calling it the cosmic twist. The best engineering can make. I think i would eat it. Tweet me cvpayne. We can still make this a december to remember. Well be right back. We made usaa insurance for members like martin. An air force veteran made of doing whats right, not whats easy. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. Usaa insurance is made just the way martins family needs it 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 [ electrical buzzing ] [ dramatic music playing ] [ squeaking ] [ screaming ] elliott . [ gasps ] elliott. You came back my son. My, my family. Lots changed since you were here. Its called the internet. Whoa whoa holiday movies. Im dreaming of a White Christmas family. Home. Woo [ gasps ] woohoo woo ill be right here. Charles jewelry Design Company to looking to disrupt the 82 billiondollar diamond industry with labgrown diamonds that can be produced a fraction of the cost of other diamonds. Liz claman with preview how these are created. This is intriguing. It is if you look at the numbers becoming increasingly intriguing. Two years ago it was a 150 milliondollar market. It will surpass a billion next year according to estimates. Labgrown diamonds, you cant with the naked eye tell them apart. Why . Because they have the exact same property, the exact same chemical properties, as well as basically diamonds you would have. The only difference is the price. The fact that they were made above ground versus miles below ground. This started to get very popular in the past yearandahalf because millenials wanted to find diamonds more ethical. You didnt have to worry about where it was found, you whole blood diamond issue where child labor in africa. There were a lot of concerns about that. Not to mention a much more sustainable process than actual mining miles below the ground to find diamonds. We have the ceo of alc art created diamonds. This guy is putting together labgrown diamonds and the big question is, will people shift for all sorts of reasons, namely the price . Were going to interview that ceo in a fox business exclusive on the cyber monday when a lot of people are buying jewelry. Charles liz, thank you very much. Well obviously tune in to the claman countdown at the top of the hour. Speaking of homegrown, would you eat an apple with a shelf life of more than a year . What Washington State farmers aring banking on the cosmic crisp because of the stars on theyre hitting stores, five dollars a pound. Pretty expensive. Developed by Washington State university, fruit tree breeding program. Crossed enterprise and crisp apples. Gives them a year shelf life. They have big expectations of this product. They planted 12 million of the cost i can apple trees. I cant wait personally to try one. Tweet me, cvpayne. Well see what happens with the cosmic apple. Trade jitters, manufacturing jitters, profittaking, a lot of things weighing on the market. Weve coming off the lows of the session. Weve been like this before. Is this december 2018 or typical december where you make a lot of money . Well be right back. What if numbers tell only half the story . At 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. Will this be december to remember . S p 500 is up 73 of all going back to 1960. Last year was the exception to the whole. Historically the last month was us drunkest for months. Last year, december was rough. I dont think that 9 decline told the true story although it kind of did it. How anxious are you considering their coming into this . Investors looking for an opportunity, maybe to take profits and theres a lot of . Up there. It will be a december to remember but i think the markets are getting any trouble here. They will sell are. Ive been telling my people, there will be two to three getzlaf and then the market. I dont see any reason to believe christmas wont be showing up and santa claus what be here and we will see the usual. Weaker negative . Yes, we get enough bad news but you get some black smarter, but other than that, i think we go back to the low value, drifting higher and continue to make new highs until the year is over. You mentioned its down 400 points, were down 230point and its on trade, that would have been the excuse to trigger a number of selloffs. The kind of learn, we are having a seller strike. But really for the last four or five or seven weeks, we havent seen many sellers. We see that continual trip, trip and method higher. I think even the algorithms are waiting to see because theres not going to be a trade deal anytime soon. There telling us prices and things . Yes, soybeans and every time its been good news out of trade, they found lower. Their testing recent, its not a great sign for trade because i would be the number one, they should benefit from these conditions. The absence of a trade deal or trade truths . Absolutely. You cap are fed standing under this market, they continue to speed the system of free money, why cant we . Where else are you going to go . If you want yield, you have to go to the stock market. This morning morgan stan lee mostly because it went up so much, 14 today and its putting a lot of pressure on technology in general. Mostly victimized by their own success, profittaking. If youre anxious, you have an excuse and again, im looking at some of these wondering how they will on the weakness. I would continue to buy more. Part of this has to do with friends in the digital pack and other pressure. Youve got to see some selling. You step in. If your getting good companies, you are investing, not trading. Good companies will last or grow they will have the tribulation but in the meantime, they will go higher. Thank you, my friend. Right now the dow is off 139 points. No sense of panic. At least not right now. There most consequential. Whos panicking . Weve got them falling behind us, christmas balls and flights. The holidays are here, its wonderful. Recordbreaking retail figures, jeep markets at this hour but another lump of shrinking manufacturing data has more power on wall street into the final hour trade. A horrible Holiday Market last december. Our show traders are at the writing on this first trading day of the month. The last of the decade. At least for the last month of the decade and why that might not necessarily be a bad thing. 9 billion reasons cyber monday seal the deal