Director and get his take on democratic impeachment efforts as well. The rise of the robots. Nobody denies consequence, but what about the jobs, guest and essence of human life . We have a special segment you wont want to miss. The winners and losers of this week. That and more on making money. Charles new changes too the snap program formerly known as the Food Stamp Program will have work requirements. They are raising a lot of concerns how effective the Government Assistance Program will be if there is another economic downturn. The Trump Administration tightening requirements who receives food aid. The outrage is building. Some headlines out there today. Americans in cold weather states will suffer. 3 Million People could lose food stamps. Another actually calling it immoral and coldhearted. Here to break down the new plan is White House Budget Office acting director russ vought. Thank you for having me charles. Charles media says this is heartless and and cruel to the most vulnerable in society. What do you say to that . We think that is absolutely wrong. One of the most important things you can do get people back to work. When you get people off of Welfare Programs, you get them pack to work, that there is incomes can double and triple. Studies show that. What this administration wants to do is increase the Labor Participation rate in this country. We want to enforce the law. We want to make sure welfare is there for people who need it. For those using welfare and can work at the same time we want them to get back into the labor force, have jobs, get out after cycle of dependency. Charles many are saying the administration has enjoyed remarkable success in the amount of people that have come off food stamps organically with rising tide of economy you alluded to. Why not let that run its course, eventually who gets off the food stamps get off of them . All were asking the program to do is have people who can work, able bodied adults, without dependents, we call them abots, we want those individuals to get back in the workforce, have jobs, become producer in this country. We think that is the kind of thing that will build this economy. It is good for them. It is good for the government. Charles this economy needs half a Million Manufacturing workers, 60,000 welders and a whole lot of other jobs. Seven million open jobs. You understand that as well as anyone else. They say they go begging not because people dont want them because they dont have the skillsets. Should government play greater role of folks getting back in the labor force, having skills to take those jobs . Lets be clear, charles, we talk about the work requirement included in that is job training programs, job searching. So the notion of getting off of the sidelines into the labor force includes the building of necessary skills to be able to have these jobs. Many of these jobs, four out of five of the open jobs dont really require any previous work experience. So these are the exactly the type of jobs that allow people as starter opportunities to get them moving up in the economic ladder so they have more freedom and opportunity to build this country. Charles you do realize some of jobs people will take a pay cut . I hate to say it but to get some folks into this whole labor thing, they have to buy into the notion i will actually make less money than i would have made staying at home but i will be in the system, i will have the opportunity. Is there a message that the administration will put out there so that folks understand, this is not tough, this is tough love so that you can get in the game . We think its a message of freedom and opportunity. We think the best Welfare Program is a long term permanent job. Getting people off depending on government is good for them, it is good for the community, it is good for the economy. Charles russ, real quick what happens when the economy turns . Because brookings and others said this is the most effective tool out there for helping during downturns like recessions . Food Stamp Program is not going away. It will still be there for individuals in a downturn to be able to have the food stamps that are available under federal laws. What this requires is, if you are able to work, get you back to work. Charles right. That is why it is important. Ive got to switch fierce here because you were subpoenaed to testify at impeachment inquiry. Of course you declined. What are your thoughts on speaker pelosis announcements this morning . This is unfortunate. This has been a sham process all along. The president did nothing wrong. We know the American People know that. Were going to spend every day that we have doing the work that the president promised the American People, deregulating the economy, having good reforms to get people off of dependency on federal Welfare Programs. That is what we focus on. Well let the sham process play out and American People will be on our side. Charles russ, we appreciate your time. Thank you. Stocks are slightly lower right now, just going back and forth. Here is the thing, there is lot more to the market than trade rumors. The latest trade rumors. If that is the only thing Financial Media focus on, that is lazy, disingenuous and ill informed. Things moving market this week and every week. Downgrades, profittaking, reactions to earnings. Shifting yields. Right now i think the emotional setting of the stock market is relatively calm. It is patient, particularly before the jobs report. However headlines continue to go back and forth saying hey, yesterday market was up on renewed optimism over trade. But it was down the day before on pessimism over trade. Come on folks. It doesnt move that swiftly. People are not changing their mind that quickly. If they do, there would be complete change in social behavior and human behavior. I want to bring in two of the best of those helping to move the market. In studio with me right now, kneel richardson, im sorry edward jones. Charles i got ahead of the prompter, folks. Jeff saut, a legend on wall street. Neila, let me start with you. I get so frustrated. Market up on renewed optimism. Meantime 1000 stocks were down. I mean, to me it feels like were really are in a place where this market wants to go up, it is looking for a catalyst, it is looking for a catalyst beyond trade. Fundamental story needs to get better and better. Fundamentals are solid but lets not expect them to get better heading into 2020. Our out look will be growth will be below trend in 2020 and what were telling clients, who are watching these headlines every day, were telling them stick to fundamentals. Keep your eye on the pal, but dont expect 2019s performance will be repeated in charles i think a lot of people dont think the nasdaq will be up another 30 but, jeff, is it unreasonable that the market can trade higher from here even if there is a small amount of fundamental improvement . Ron baron told me not many of us left around old enough to remember the 49 to 66 secular bull market or 82 to 2,000. Were in secular bull market. They dont decline with 20 or 30 declines. The crash in 87. Bull market went on 13 years. This has years left in it. If you talk to individual investors, charles, theyre not cautious, theyre scared to death. A ton of money on the sidelines. They have been telling me earnings will go down three years and earnings come in better than people connection and that is the mothers milk for secular bull market. Charles that is tricky thing for edward jones. Congratulations every time i read, youre number one on a list. Your customer does well with merry. Youre straight shooters. How do you tell them to with stand the market if wheels get a little wobbly. Have diversified portfolio. Weve been operating the company over 100 years. Charles they have to have exposure. If jeff is right, we have another great year, obviously you have got to participate. These years like this year is what changes peoples lives. Investments entail risks. It is not about removing risk and uncertainty. That will never happen but about managing that uncertainty and that is what we help our client do. Charles jeff, speaking of risk, this week, the things im hearing mostly, valuations may be a little lofty. We have got the yield curve situation perhaps coming back online again and wall street is really kind of grappling where to find opportunity, right . You see some nibbling on these stocks that got hammered, even today. You see l brands up, gap stores are up. These are broken companies but they have done very well the last two weeks just out of purely looking for opportunity . You had a slight pullback. We at Saut Strategy put out trading flash, the support was in 3065, 3075 area. We came down to 3070, the market flipped back up. I think markets are going substantially higher. Charles what are you worried about . Im worried about a policy mistake in d. C. Im worried about geopolitical events. Other than that i think the tailwinds are on the up side. Charles policy mistake euphemism for the fed hiking rate . That is my greatest fear to be quite frank with you. Nothing worries more about the economy or market than jay powell and then the 2019, 2018 version of jay powell. The fed is the fountain of youth for expansion. As long as rates stay low and dont go higher exactly we can expect expansion to continue. We have one difference. I think share prices climb higher next year too. I dont think they surge. Were expecting lower returns next year. That is what were telling our clients. More volatility. You will see the headlines and markets respond to that. Charles my model, jeff, 3 gdp, 4 wage growth, 15 s p growth. At that is what im looking at, my prediction for 2020. I agree with that. Charles thats why youre on the show. Lets get back to real quick, the whole notion of the trade situation. You know, i think people, i always remind people weve made a remarkable move in this market and economy with tariffs and position already, 360 billion. This is not smoothawley. It is not 1930. That was promised by a lot of market observers. Worstcase scenario din play out. Where are you looking at from here, jeff . What should happen . Think we are in secular bull market. I agree with you. 10 to 15 on upside next year. People dont believe it. Charles trade resolution for us to make the move next year . We wont get it next year so we wont need it. We need interim deal that says no new tariffs. I think that would be enough to keep stock prices climbing. Half the return jeff is expecting here but still climbing. Charles thank you both very much. Got to go. Thank you. Charles later in the hour, why im naming first lady Melania Trump, the winner of the week. She is not the only one. Why nostalgia is having a huge moment. Plus is a robot apocalypse coming to a city here you . What you need to know before it is too late. Speaker pelosi making headlines with her impeachment announcement. That is overshadowing some really big news about the usmca which is going to impact your wallet a lot more. Ive got those details right after the break. Ugh, another electronic signature. You have to print, walk, sign, scan, recycle, walk, email yourself. Really . More walking, try again, waiting, recycle, walk, email yourself, then get back to your day. Or not. This isnt working. Introducing samsung paperless workflow solutions. With the galaxy tab s6, you can sign Digital Documents onscreen, with a finger or your s pen. Samsung business solutions. With a finger or your s pen. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. I would suggest to you continue on bipartisan support of usmca. Thats the most important thing on the economic side that congress can do between now and the end of the year. Charles treasury secretary Steve Mnuchin telling house lawmakers during testimony that they should be focused on ratifying the all oomph. But Speaker Nancy Pelosi making it more difficult. The wall street journal reports that she wants to strip Legal Protections for online contractors. Can this get done by the end of the year. Here to discuss, mattie duppler. I hear two things from nancy pelosi, we want to get it done, we want to get it done, but, but the biologics yesterday. She is adding hurdles here. What do you think . Always a new but with the House Democrats here. You think this is happening. You had a weeklong break where House Democrats went home to the districts, nancy pelosi and lot of progressive members of the party thought it would be a boon to go home after the impeachment hearsing and get excited what is happening in washington. I think they heard a little different. What will they do with the majority, if they dont pass any legislation that improves the economy. Nancy pelosi is in tough position right now, trying to placate the leftwing of the party letting the proceedings move on while at the same time she has the same responsibility to show democrats can govern and get things done. Usmca is one option democrats and republicans want to see before the end of the year. Pelosi has to figure out a way to get that done. Arguing about minutia in the plan agreed to by both sides is not a way to of to move forward. Charles you say she is placating the left part of the her party with impeachment. Maybe she did initially but it has gotten out of control. I dont know if she knows how to real that back in. One of my theories, that would give her impetus for usmca, hey folks, we can legislate. It is that word, im not saying that we can. We believe in the American Public. We foe farmers want it. We know Small Businesses want it and we understand the Economic Impact that is enormous. She has a golden opportunity to get this through. Exactly right. Speaker pelosi is a smart politician. What she is trying to do to run out of clock, when push comes to shove, when the impeachment proceedings continue to reflect poorly on democrats, look what happened to the Judiciary Committee next week. That will not get them any favor in the middle of country, she wants something to pull the cord, pivot quickly to usmca. Certainly trying to pull out pieces of the agreement will make that impossible. Going back to try to litigate things decided months in advance will make canada and mexico unable to continue to support the agreement and it will also create problems, here in washington. You cant seriously augment the agreement itself without having all sorts of procedural hurdles that would make it impossible to get through the house and senate before the end of the year. Charles mattie duppler, great to see you. If i dont see before christmas, have a great christmas as well. You as well. Charles workers beware, a new study says your job would be replaced by a robot. If systems were designed to do all of our work, what would happen to us, human . How would we contradict to society . Well dive into these questions next. Theres a lot of talk about value out there. But at fidelity, value is more than just talk. We offer commissionfree online u. S. Stock and etf trades. And, when you open a new Fidelity Brokerage account, your cash is automatically invested at a great rate thats 21 times more than schwabs. Plus, fidelitys leading price improvement on trades saved investors hundreds of millions of dollars last year. Thats why fidelity continues to lead the industry in value while our competition continues to talk. Talk fidelity. Talk vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. There are things we would change about work. And there are things we wouldnt. When work is worth it. Work is worth it. Work can be closer to home. Pay more. Make us proud. Careerbuilder. Work can work. Find your work at careerbuilder. Com charles saudi aramco just set a record. The auto Company Raised 25. 6 billion, the Worlds Largest ipo. That surpass ad mark set by alibaba back in 2014. The big valuation falling short of two trillion dollars crown prince mohammad bin salman wanted for the stateowned oil giant. Still for the record books. Folks feels like the idea of driverless cars, robots, feels like it has been around forever. Because it really has been, at least a long time. Back in 1920, there was a play, universal robots. It created the word robot, slavic word meaning forced labor. It stuck around to this day. It stuck around so much were now moving much faster, really robots taking over the entire work place. Now he set the stage for endless robot revolt stories but also it want long ago, Arthur C Clark wrote an essay, world of 2001, a. I. Robots would allow mankind to pursue loftier goals. Does that ripping true today . I want to discuss with Deirdre Bolton and bill studebaker. Let me start with you, deirdre. Theres a new way study out, we saw one from oxford university. We saw one not long ago from bain. Everybody, everybody is pub pushing on this i have a clip from a speech you made to a trade organization which i was reading to a finetooth comb. I think it depends who you ask, right . Pessimists say, robots, i will quote elon musk, china, rush, that all countries with strong computer science, aone on level will cause world war iii, my humble opinion. It will be the best or worth thing for humanity. Jack ma says people will always surpass machines, people have wisdom, people have creativity. Mckenzie says brass tacks 800 million jobs will be eliminated from the global workforce. Of that, about, more than 33 will actually be in the u. S. There is an argument to be made whether or not that actually hurts workers. You have some people saying, high touch workers will make more money. Say youre a lawyer. I go to legal zoom, i do something simple online, i dont pay you for that but if youre giving me advice i really need for my business, i will actually pay you more. If youre actually giving, in some sort of role that is counselor role, a teacher role, requires a human touch, you actually might do better. You dont have to pay a paralegal, rightly or wrongly, that may be the job that goes away. Charles bill, you know, i guess you can argue that, right now, in the midst of the fourth industrial revolution. You know, im a natural born ludite. So in first three, you know, there was pushback by society. Everyone was afraid. Not everyone, but a large portion of society. Turns out made mankinds existence better. Better jobs, longevity. Can it happen again . Can it actually, can we could exist with robots and a. I. Doing medicals of jobs that were doing now . Thanks, charles. I certainly believe so. I think the Global Economy needs a technological shot in the arm to produce productivity and growth and we think that is going to be coming from a. I. And robotics. A lot of people are polarized about robots stealing our jobs, taking us over. The fact of the matter is, i certainly believe, im happy to talk about it, why this could be so much more collaboration with robots and Autonomous Systems to enable our lives, make it better, more efficient. This is why we created the first index and corresponding etf to capture what we think is inevitable growth coming from this industry. Charles i will come back to you because growth is inevitable but maybe some societal ills could be as well. Deirdre, when arthur c. Clarke wrote the world of 2001, he said that mankind really needs this because we should be expanding our brains, expanding other things. It shouldnt be about work. It shouldnt be about the grind. I mean it is easy to subscribe to that, but real life, what do we, dont we need work, to satisfy other parts of our lives other than paying bills . I would think so, i would think so indeed and to feel like a valued contributing member to society. For people, work is part of how they feel but i would say that robots have been taking some jobs honestly were hurting, maiming or killing humans. So far as that goes i feel that is a positive move. You have, for example, wells that are deepwater, you know, deepwater horizon, they sent drones or drone type structures down there. Some of the farming jobs people would often lose a limb or finger. Charles right. To have machinery be more integrated and protect humans from for more creation and thinking and human jobs, but yes, there will be disemployment. People have been talking about this at least since the 19th century very clearly. Charles bill, so you have got the fund and i looked yesterday, post mates announce laying people off. Look at lyft, uber, grubhub. Looking all the things that make our life a lot easier but these business models, it is unclear if they will ever be able to turn a profit until they get rid of human workers and reprays them with automation . Depend on the industry, but certainly, when you are enabling your industry with more automation, what are you doing . Youre improving productivity, youre lowing costs. Youre effectively creating more demand there is no better case example than amazon. Amazon since they rolled out their robotic initiatives, roughly four or five years ago, they had zero robots in the warehouses. Now is over 100,000. Along with that, they have actually added 145,000 warehouse employees and others. So in many cases automation does bring about new employment opportunities. Were really moving from a societal standpoint to much more Knowledge Based work. Away from doing more mundane sort of taskses. So i think this is an evolution going to go on for years, if not really decades, right . Were going from a world where automating structure work, semistructure work and unstructured work. Were not going from point a to point b. Were going from point a to point z. This will be a journey were on for a long time. Charles bill, thank you very much. Deirdre, thank you very much. If youre going to do it, do it now. That is the message from President Trump for House Democrats on impeachment. Well have the latest in this back and forth. Also a look at the winners and losers from the week. Well find out where Melania Trump falls on my list. Well be right back. When youre looking for answers, its good to have help. Because the right information, at the right time, may make all the difference. At humana, we know thats especially true when youre looking for a Medicare Supplement insurance plan. Thats why were offering seven things every Medicare Supplement should have. Its yours free just for calling the number on your screen. And when you call, a knowledgeable licensed agentproducer can answer any questions you have, and help you choose the plan thats right for you. The call is free, and theres no obligation. You see, medicare covers only about 80 percent of your part b medical expenses. The rest is up to you. Thats why so many people purchase Medicare Supplement insurance plans, like those offered by humana. Theyre designed to help you save money and pay some of the costs medicare doesnt. Depending on the Medicare Supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, Emergency Care and more. You can keep the doctors you have now, ones you know and trust, with no referrals needed. Plus you can get medical care anywhere in the country, even when youre travelling. With humana, you get a competitive monthly premium and Personalized Service from a healthcare partner working to make healthcare simpler and easier for you. You can chose from a wide range of standardized plans. Each one is designed to work seamlessly with medicare and help save you money. So how do ya find the plan thats right for you . One that fits your needs and your budget . Call humana now at the number on your screen for this free guide. Its just one of the ways that humana is making healthcare simpler. And when you call, a knowledgeable licensed agentproducer can answer any questions you have, and help you chose the plan thats right for you. The call is free and theres no obligation. You know medicare wont cover all your medical costs, so call now and see why a Medicare Supplement plan from a company like humana, just might be the answer. Most people think of verizon as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Investment opportunities beyfirsthand, like biotech. Ne because your investments deserve the full story. T. Rowe price invest with confidence. Charles my next guest is an expert on messaging and branding. So i decided that we take a look at the winners and losers in the past week. Let me bring in District Media president beverly hallberg. I want to start out with who i thought was the winner this week. I want to begin with Melania Trump. She took a lot of heat for the christmas decorations, clothes she was wearing, both which i thought were extremely elegant. She gave heat after her son barron was drawn into the impeachment debate. Got a tour of the chris mat decorations they are beautiful. Of course critics will be critics. Even when she released video, you had people tweeting out this was reminiscent of the shining, the horror flick. She had blood red Christmas Trees people were mocking. Critics will be always critical of her but i say she is winner, anybody that goes to the white house to see the decorations can see they are beautiful. She gives everybody that goes through the tour a box of chocolates before they leave. How great is that. Charles dont eat the chocolates. Get them signed. Paton declared classic blue the color of the year. That harkens back to the good ol days. Think joe biden topping the polls. He continues wax nostalgically about the good ol days. There was an ad that had everyone talking on thanksgiving. Take a listen. You came back. My son, my family. Charles you know, beverly, when President Trump ran on making America Great again, people bristled at the thought of, was it ever great, yada yada but feels like were longing for yesteryear . I think so. People feel like they want to be with family and friends and everybody get along. I think it is so interesting with the color chosen, color of the year, it is classic blue this year, the color of blueberries, why that is so interesting, in the past they chose vibrant colors, you wear in the tie and pocket square. You like bright colors. They wanted to choose something simple that reminded us of the past. When we find something we can agree on as americans, the color of blue, classic blue is something we can agree on. Why not do that . I give them, those who choose the color, a big winning ribbon and button for this, because we can all agree blues great. Charles a lot of people agreed on this next thing, it is in the leadser category. It is an ad. Take a look as the audience takes a look as well. Are you ready . Yeah. Now. A peloton. Give it up for the firsttime rider. My first ride. Im excited. Lets do this. Charles a lot of heat about the peloton ad. What do you feel about it . First of all the stock did not like it. They plummeted for peloton once the ad came out. Im personally not offended by it. I want any woman out there to know if they are offended their husband bought them this bike i will gladly take it off their hands if theyre offended by it. This went around on twitter. Claims of sexism, claims that the husband was implying that his wife needed to keep her weight in check. Men know never wise to talk about the girlfriends or wifes weight. That is why this ad is getting some flak. Charles another loser. The u. S. Education system. There is a rot out. This one comes out a lot. They found chinese kids were way above america and rest of the world when it comes to education. That is not the part that got to me that china is beating us. We knew this. In the last 15 years we have barely moved the needle in reading science or math. Beverly, i dont get it. We live in society with segments about robots and knowledge society. What the heck is going on our skills for our Young Children just, not improving . I think there are two main problems. One our schools are falling behind in general. You do sigh so many people going to School Choice options such as charter schools, homeschooling is growing. Private schools are growing. So i think our Education System in general is a problem. But i also think were not preparing young people for actual careers, for actual skills that they can have. It is all about common core and being able to take a test. Instead of thinking about how you can use your talents to the best advantage that you can have in the future . I think that is where were missing the mark. Charles winners and losers of beverly hallberg. Thank you very much, beverly. Good seeing you. Good seeing you. Charles investors waiting for the next big thing that can trigger a move. Probably comes tomorrow morning. President trump upping the war with nancy pelosi, that she had a nervous fit when the impeachment process was moving forward. Our Political Panel will weigh in on that right after the break. Doctor bob, what should i take for back pain . Before you take anything, i recommend applying topical relievers first. Salonpas lidocaine patch blocks pain receptors for effective, nonaddictive relief. Salonpas lidocaine. Patch, rollon or cream. Hisamitsu. beep the ink cyanara,idges dad tates whooshing, booming an . Dad im so hosed. Yeah, you are. That can save youh tha lot of trips to the store. Get ready for the deans list. Whos dean . The president abused his power for his own political personal benefit at the expense of our national security, sadly but with confidence, humility, allegiance to our founders, and a heart full of love for america, today i am asking our chairman to proceed with articles of impeachment. Charles house Speaker Nancy Pelosi announcing the house is moving forward to draft articles of impeachment against President Trump. As you would expect President Trump responded. The donothing radical left democrats have Just Announced that they are going to seek to impeach me over nothing. The good thing is that the republicans have never been more united. We will win. Joining me now to discuss, Stephanie Hamel from the daily caller, liberal radio host eat than biermann. Nancy didnt look too convincing, i hate to say it, she didnt look too convincing as she was reading the prompter. Looks like she lost complete control of her party. She had bizarre moments during the press conference. This will hurt the democratic party, it will hurt the country and the 31 vulnerable democrats are probably sweating today, democrats vulnerable in the districts that President Trump won. President trump will use this on the campaign trail to inspire people maybe who will stay home in 2020, and not vote, i think they will get out there and vote and they will open their wallets. Charles ethan, when president obama was pushing obamacare. A lot of democrats went along. They fell on their political swords. You remember the big tidal wave. They lost their careers over this. I think stephanie makes a point. Im not sure every democrat will be on board . I think actually most of the democrats other than just a couple will be on board. Look, it is very clear the democrats passed over 400 bills that Mitch Mcconnell held up in the senate. So the senate the president is totally wrong there. There are clear offenses laid out in the impeachment process that judiciary will put forth. It will be clear. To your point, the polls havent changed, one or two outlyers happened there. Democrats are clear what they feel about the president. What he has done. The republicans are clear charles having hatred or anger toward a president is not the same saying it is legit to kick him out of office. I do think independents are starting to wane on this poll. I think American Public is getting a little tired of it. In my mind its a dangerous gambit. Let me switch gears here, nancy pelosi wasnt the only one in a fighting mode today. Joe biden, getting into a Heated Exchange with a voter in iowa. It just happened moments ago. Take a look at this. Got two problems with you. One, youre over the line. Youre selling excess to the president. Youre a damn liar man. That is not true. No one ever said. Talking about you see it on the tv. I know you do. By the way that is why im not sedentary. I get up and let it go. You want to check my shape, do pushups together. Lets run. Charles i dont know, stephanie. Biden went up a few notches in my opinion. Oh, boy. He is, lets do some pushups, right. That is very, very bizarre comment. He is just continuing on this trend of uninspiring and gapfilled campaign. Look it is showing in the poll numbers. Were seeing bernie sanders. He is making a comeback. Seems like democratic voters have appeared to, you know, they totally forgot he had a hat attack last month. He is able to convince voters he is healthy enough to run for president. Were starting to see warren slide in the poll numbers because she has a authenticity problem. Charles i agree with you, but ironically, bernie, for all everything were saying, biden has held pretty tough. You know, ethan, people like straight talk. Someone says youre a damn liar. He is not mincing words. That is the not usual d. C. Stuff we hear, d. C. Speaking. People like the fact that President Trump has been authentic, never put on airs. Maybe this helps biden. I think it does. I think joe biden will win primary of exactly what you described, what we saw on tv there. Joe biden confronted the voter. Took him directly on. Reminiscent of john mccain in 2018, correcting that woman at the town hall about barack obama. That is what i love about joe biden. He is going straight at it. He is in good shape. He is healthy. He has a strong rack record on the environment, on many different issues within the broad democratic primary. He is going to win because of it. That was a Great Exchange for joe biden. Charles i wish they had the pushup contest. That would have been great to see. Stephanie, ethan, thanks very much. Thanks, charles. Charles when we come back a possible answer to the ageold question, is bigger really better. Well be right back. Ugh, another electronic signature. You have to print, walk, sign, scan, recycle, walk, email yourself. Really . More walking, try again, waiting, recycle, walk, email yourself, then get back to your day. Or not. This isnt working. Introducing samsung paperless workflow solutions. With the galaxy tab s6, you can sign Digital Documents onscreen, with a finger or your s pen. Samsung business solutions. With a finger or your s pen. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. I need all the breaks as athat i can get. Or, at liberty butchemel. Cut. Liberty mu. Line . Cut. Liberty mutual customizes your Car Insurance so you only pay for what you need. Cut. Liberty m. Am i allowed to riff . What if i come out of the water . Liberty biberty. Cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles Tesla Ceo Elon musk defamation trial is expected to head to the jury today. Musk accused of calling a diver in thailand in the cave rescue, Vernon Unsworth a pedo guy. Liz claman joins me. Now. What are we going to expect . The final two witnesses will testify in federal court in los angeles, charles. What does that mean . It could go to the jury and we may here closing arguments. This is happening in federal court, where elon musk ceo of spacex and tesla, dealing with Defamation Case stemming from british diver that stems back to the cave in 2016. All the kids were stuck in a flooded cave. Musk had sent you may remember, that mini submarine . Well today as we understand it, unsworth, the diver who is suing musk for defamation, having insisted that elon musk meant that he was a pedophile when he put in the tweet said youre a pedo guy, what he is saying now that he will apologize, can you apologize to a submarine, charles . He said he will apologize to the mini sub but not to elon musk, for having said what he said, which was, you can put mini sub where the sun dont shine basically in so many words. This is one of these crazy trials of a corporate situation versus an individual. We shall see what happens. Charles we shall. Liz, thank you very much. Folks make sure you tune in to the claman countdown at the top of the hour. Meanwhile a hot new trend in cruise ships, folks. Cutting them in half. Really, cutting them in half. The latest one is a windstar cruise sea breeze. It is a process they call stretching. The ship is getting pulled apart in italy. What they will do, make room for a 84foot midsection addition. It will add extra 1200 tons to it. The winstar will add 150 new sweets. Charging 150 bucks a night, when the thing redebuts in february. Stretch something cheaper way than creating a whole new ship which can cost up to 175 million bucks. This way you can process it, maybe for 80 million. By the way, allows to update the ships engine, make it more fuel efficient, all other things that come with this. This is really worrisome to me. Im not a big cruise person to begin with. I know it could be good for business. I like smaller cruise ships. Im not going to get on one of these gigantic soupedup cruise ships cut in half but i would love to hear your thoughts. Tweet me cvpayne. Charles stocks sort of sideways. Tomorrow is the big news. The monthly jobs report. We had a lot of mixed data, were worried about what happens with jobs tomorrow. I will give you a preview what we may see and how the market will react, after the bell. Theres a lot of talk about value out there. But at fidelity, value is more than just talk. We offer commissionfree online u. S. Stock and etf trades. And, when you open a new Fidelity Brokerage account, your cash is automatically invested at a great rate thats 21 times more than schwabs. Plus, fidelitys leading price improvement on trades saved investors hundreds of millions of dollars last year. Thats why fidelity continues to lead the industry in value while our competition continues to talk. Talk fidelity. Talk vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Charles its been a quiet session today as investors brace for tomorrows jobs report. Typical jobs report, you always have tension, but after yesterdays adp report where we saw the private sector adding only 67,000 jobs, weighed down by goods producing which lost 18,000, people are even extra worried. Then theres additional anxiety coming from employment components of other economic releases. You can see right there, almost all of them, much lower. I think you know what, forget about the official consensus. The good news right now because of all this, is that we really are looking for a lot less than 185,000 because thats what we came into the week with. The bar is much lower. I personally suspect goods producing jobs from the bureau of labor, we will see better numbers, transportation which was weak in adp, we will see better numbers i want to bring in to help me break it down what the magic number might be and what the Market Reaction could be. Keith fitz gerald. Keith, its always anxious this week, the most important data point of any given month, and with that number yesterday from adp less than half of what wall street was expecting, what should we look at for tomorrow . You know, this is one of those times, charles, where you are danning danged if you do an if you dont. The economy stands on its own merits so the question really becomes not so much what the number is but what the composition is. Are we adding jobs in key areas like for example, transportation. Are we getting real economic value in other parts of the economy. That to me is what im looking for more than the absolute number itself if that makes sense. Charles good is good and bad is bad with respect to the markets reaction to economic data. Could 100,000, 120,000, low number, be perceived as being good and maybe be the catalyst that this market is looking for . I think thats a very accurate take, charles. Truth be told, im in sort of the 95 to 102 range. Thats my back of the envelope calculation. The key really is the hedge funds who are trying to catch up, the traders who are looking at every short term nuance. This is one of the few times, believe it or not, where individual investors have the advantage. Because the economy is strong, the numbers are good, the labor market. The big trends that drive profits are still there, regardless of what the headline is tomorrow. Charles you have been talking about big trends and big stocks for awhile and have been spoton. I thought about you this morning when google and facebook were upgraded and citi went on apple to a target of 300 from 250. They are jumping on board, going with the Keith Fitz Gerald model. Ride these bad boys because they will go higher. What do you make of that . Well, tell you what, its nice to have company. Everybody thought i was a space alien in the early january of this past year when i said apple is going to 300. The fact they are on board is great validation. Im no smarter than the next guy but im looking at the trends and thinking you know what, these companies have two things in common. Two things that every investor wants to look for. They have the capacity to change the world and they have a very, very clear path to profit. Those are fundamental criteria. Charles real quick, the stock of the day is restoration hardware, where the ceo says tariffs are no problem. Big losers, at home, another furniture company, saying the tariffs are a problem. Are we going to get to where it becomes the excuse du jour, if you will . Oh, i think so. This is going to be the dog ate my homework time. We have to watch earnings carefully. Restoration hardware knows what its doing, savvy management. I cant make the same statement about the other company. Charles i just posed this thing about cutting a ship in half, making it longer. Getting a lot of good stuff on twitter. Louis says charles, the aircraft industry does this all the time. The 737 max and u. S. Air force did it with the c141. Louis, you are mentioning the 737 max . Im certainly not going to get in an elongated cruise ship now. We love everyone watching. Keep that stuff coming on twitter. We always love your expertise, keith. We will see what the job number is tomorrow morning. Meantime, the market is essentially unchanged. We are on pins and needles about this big jobs report in the morning. Meanwhile, liz has big news in her hour. Liz we sure do. I would say its been almost a 100point swing for the dow which is in the red right now. Closing arguments in elon musks pedo guy trial could begin within hours. Two final witnesses expected to take the stand and give testimony on day three of a british divers Defamation Case against the tesla space x ceo. We will take you live to the federal courthouse in los angeles where its all going down for the up to the minute details. Meanwhile, the bulls are really trying to stage a late session charge ahead of tomorrows november jobs report. The dow is flat as a pancake at the very moment. S p up just one point. The nasdaq, down