Gerri willis on the floor of the new york stock exchange, blake burman at the white house, and susan li standing by in the news room, make we start with you. Having just emerged from the west wing deirdre and melissa let me lay out the facts right now that we know it. We know that President Trump has been meeting with his trade team or at least met with his trade team earlier today to discuss a way forward whether or not that they would go forward with the december 15 tariff and other options relating to china. At this point, we do not have an announcement from the president from the white house, or any other branch of the u. S. Government there is a phase i trade deal ready to sign between the u. S. And china. Also we havent heard from china anyone with the Chinese Government say that there is a deal to be signed either. We await that. Having said that though i can tell you speaking to one source familiar with everything that has been moving here especially in the last 24 hours that source tells me that a deal is imminent this is a source familiar with the talks who also add that it is essentially done. The president today teased the potential deal on twitter earlier this morning in which he said the following. He wrote getting very close to a big deal with china, they want it and so do we. The market popped on that tweet but when he went before the camera shortly after that the president was rather tight lipped when talking about a potential deal. Watch here. President trump we wont talk about china because were working a deal with china but i wouldnt say up until now, theyve loved me. Keep in mind here that the president , when he announced a deal in principle back in october 11, talked about a large scale ag buy, 40 to 50 billion. The largest ag buy to date the china has made from the u. S. Is in the high 20s. We heard from sunny purdue tell our own christina partsinevelos earlier this morning that that right now is a challenge of getting all of that written down on paper so that there is essentially a binding contract. Bottom line as the markets are closed at 4 00 on december 12 ahead of these potential december 15 tariffs, we are hearing from a source that this deal is imminent, but we await the ultimate say as anyone in this white house will tell you and that comes from the president who met with his trade team this afternoon. Back to you. Blake thank you so much well continue the conversation. Susan li has the very latest from the news room on wyatt this particular juncture china is willing to make a deal. As you heard from President Trump in that tweet today we want it, china wants it and probably needs it according to a lot of stock watchers but first the latest visuals in the white house with lighthizer our trade rep of the u. S. , leaving the white house, and its been debated with the hawks in this case, will they get the ear of the president or does like mnuchin, kudlow and wilbur ross be the ones being the influencer but as for china itself were looking at the growth rate in 27. 5 years so the second largest economy in the world growing at just 6 having the rates of growth over the past decade and theyve been doing a lot to get their economy back up and running and they are loaded at debt, 260 of gdp, so this year, theyve been trying to cut taxes , theyve been forcing banks to lend more, weakening their currency, theyve drawn as well and spending on infrastructure. Now is that helping . Maybe a little bit, and judging by the sales of u. S. Companies they do a lot of business in china for instance apple just a year ago warning about sales in china concerned about the consumer, and whether or not they can sell as many iphones as they have been over the past 10 years, caterpillar, selling a lot of their big trucks and heavy machinery over in the chinese economy, same thing with boeing and plane sales as well but this year has been a year recovery for stock investor s. Last year china was the worst from a global stock market los ing a quarter of its value. This year whole different story up over 30 in fact the best performing global stock market for 2019 even outperforming the u. S. Stock market with the s p up 25 and this is a better year by the way for wall street, but guys i just want to note that i think the white house really has to add something a little bit more in this trade deal not just delaying the december 15 tariff but also maybe cutting back of the existing tariffs by 50 because we did have President Trump saying that hong kong democracy and human rights act which some way would have complicated and has these trade negotiations. Back to you. Susan quickly what does this mean for the u. S. Now . Look if we didnt have china slowing down we might have 3 growth rates according to the white house, also maybe the fed may not have been forced to cut Interest Rates three times this year and yes even a stock market which have hit record levels this year might even be higher but i still think that its a pretty good year for 2019. Guys . Sure is, susan, thank you. Melissa joining us on the phone is executive Vice President and head of International Affairs of the u. S. Chamber of commerce, so thank you for joining us, what do you make of this news . Well melissa, we still need to hear from the chinese side of course, but the fact that the administration thinks theyre close to a phase i agreement is good news. We are extremely pleased that the two sides seem to be ready to announce a deal that would expand market accessing critical areas, obviously increased agricultural purchases. Were going to look closely at the cap around intellectual Property Protection to see what is covered including areas like trade secrets and forced Technology Transfer but we are mostly pleased because it will bring greater certainty to the most important commercial relationship. Its time to move forward in other areas of the relationship that weve still got to get to in phase ii and phase iii agreement but you got to take the first step to get to step 2 and were pleased theyre on the brink of it so were excited for the momentum here. Melissa its december 12 do you think that the december 15 deadline to add that next tranche of tariffs was part of the pressure here . Well certainly, look, youve got the usmca agreement that seems to be Going Forward and will hopefully vote in the house next week, thats very positive news, combined with the progress here. The administration clearly did not want to have to go forward at the Holiday Season, with tariffs on iphones and other kinds of products, Retail Products that are being sold to kids at christmastime, so i think its very positive news, if its true, and i think from what im hearing from my Administration Source is the deal is largely done but we still got to wait for the chinese side to get their news on that front. I think susans right. Theres still more work to be done. I do believe the tariff elimination will go greater than just the suspension of the tariffs on december 15. Ive had conversations with ambassador lighthizer and others in the administration over the last few weeks and i can tell you its going to be deeper than that, but now, were looking for concrete commitments also on the chinese side and thats going to be in the details. Thats what we got to see. Melissa who is under more pressure here . I understand from the conversation that chinas economic growth, gdps slowest rate of 27. 5 years but President Trump isnt president for life. Hes going to be up for reelection. He needs the economic expansion to continue. Who do you think is under more pressure . Well i look at it this way. No one wins in a trade war. The United States would not win, china would not win and were still going to have challenges in our relationship. There are still important areas like subsea practice in china, what do we do about cross dashboarder data flows those are issues that have to be addressed in the u. S. China relationship. There is a range of Technology Related concerns here, but your point there is not a winner with a trade war, so both sides were standing to lose here. Chinas economy is definitely softening going well beyond the trade frictions, and they are still big issues to be dealt within that country. Here in the United States, we have growth, but we want more growth. We like to see 3 growth, and advancing our commercial relationship with china, getting the usmca donald of course moving forward in other areas would be a shot in the arm at the right time at the Holiday Season so we got to make progress. We got to start somewhere, this stage one agreement is important , its not the end of all negotiations, or the end of all of the tensions in the relationship but you got to start somewhere and i think its important process we hope will come to fruition. Melissa brilliant thanks for coming on we appreciate it. Okay thank you. Fox business alert, new trouble for boeing American Airlines extending cancellations of the 737 max through april 6, gerri willis has more details on the floor, gerri im even seeing here, boeing moving lower post market. Gerri yes, it is indeed after youve got all of the details right. American airlines extending cancellations of boeing 737 max flights, through april 6, previously they had been through the beginning of march extending this after the faa said it would not approve the planes return to service before january. Now, both boeing and american lower here, and this has been very tough for boeing this week. Lets move on to facebook for just a second here. Federal officials considering a preliminary junction against the company. Why antitrust concerns related to how its products interact. They are so thoroughly integrat ed that it makes it difficult for companies to compete with facebook, so it looks like even more action against this company by federal regulators, were going to talk for just a second abdomen bull. Com. This is an ipo, the last of the year coming to market today a huge success, up 61 , and i had a chance to talk to the ceo, here is what he told me about why people like this stock. Listen. So we focus on the small and Midsized Companies under 100 million in revenue, and they all have the same problem which is they politicos very got a lot of paper in their lives and 90 rely on paper to make their payments. Gerri so 90 rely on paper to save bills, to pay their employees that is so old school, and bill. Com makes the difference there. Ive got to tell you i can think of a few ipo ceos very jealous about this performance today. Its probably one of the best of the year. Well have to wait and see how they finish up, but trade performance by bill. Com this morning back to you. Gerri thank you very much. Melissa divided on how to lower drug prices Nancy Pelosis cost cutting bills have been through the house but the controversial details may face a very big hurdle in the senate. Were live at the white house with the latest on that next. Plus big tech on the 2020 stage apple is taking a bite out of the debate process, as some critics say the move could back fire on the tech giant, well tell you about the chances of that happening. Melissa this is a parents worst nightmare, amazon under fire after a hacker asked us to camera in a childs bedroom. The terrifying details and what you need to know about the security risks. Im your best friend. Im santa claus. Mommy 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. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on most people think 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. Quitting smoking is freaking hard. St, like quitting every monday hard. Quitting feels so big. So, try making it smaller. And youll be surprised at how easily starting small. Can lead to something big. Start stopping with nicorette by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right so you can save big. Get a nofee personal loan up to 100k. Fox business alerts a source telling our own Hillary Vaughn that phase i, with china, the u. S. China trade deal is complete. Hillary i know youre at the white house what are your sources telling you . Well, what im hearing from a Single Source familiar is that the deal is done, and details of that deal are still to be determined, but we also have some other sources talking about the pelosi Prescription Drug bill that just passed the house today, and two leadership sources tell me that even though the bill passed the house it is dead on arrival in the senate so that bill will not become law but Speaker Pelosi is saying today she thinks Senate Republicans deciding not to pass that bill will ultimately end up blowing back on them. They said that its going to be too complicated to handle. Pelosis bill would allow government to negotiate lower prices which Senate Republicans have criticized that socialistic price controls putting government in charge of negotiating directly, with drugmakers. The secretary of health and Human Services under this bill would be required to argue down drug prices for at least 12 drugs a year. The bill also puts a limit on out of pocket costs for drugs for medicare enrollees capping it at 2,000 a year and also leaves Drug Companies and government to takeup the rest of the bill and the Congressional Budget Office predicts that pelosis plan would have curbed medicare costs by 345 billion over 10 years but senator Chuck Grassley is saying today that the bill had other problems. According to the independent cb o, the house bill would result in dozen fewer potentially life saving or life extending drugs being developed. That could senate has their own Prescription Drug plan that grassley has been working in a bipartisan fashion with senator widen as well and the cbo has not finished scoring that but it doesnt mean that the effort to lower prescription cost is completely over. Deirdre . Hillary thank you so much. Melissa all right, here now to react is republican congressman Michael Burgess from texas. What is wrong with this wants to negotiate directly with Drug Companies whats wrong with that first off its not a negotiation. Last night in the rules committee, the chairman of the energy and commerce committee, that i serve on said we just want to negotiate but well need a club to bring people to the table, but im sorry thats not a negotiation. You dont negotiate people with weapons, you negotiate people with facts, with it being an Honest Exchange back and forth, but this was going to be a taking by the federal government of 95 of the gross receipts from the Pharmaceutical Company if they did not deliver the price that was requested by the federal government. Thats no negotiation. Its illegal, in fact under the constitution. Melissa but americans watching this right now would say, you know, whats wrong with lowering drug prices though . They are already so high why cant they lower them . Not a problem with lowering drug prices in fact the republican amendment nature of the substitute that received 201 votes on the house floor, so it was the number of democrats. Melissa why is one a plug, go ahead. Im 95 excise tax is the biggest difference, yes the republican bill deblasio undergo , did require par medicare reform and yes it did cap out of pocket expenses in part d in the medicare space, fixed a problem the democrats created with a cliff in the socalled doughnut hole, it cap ped insulin prices at 50 a month. There were and of course, all of the work that weve been doing, all year, bipartisan, on fda reform in order to speed generic s to be able to get generic products to the market at a lower price at a faster rate, you no one of the biggest news items today is the Senate Confirmed the new fda director, dr. Hahn. Weve been with only an acting director for about a year. Dr. Gotleib was at the fda really pushed the approval of generic drugs and in the 18 months he was there i forget the top number but well over 1,000 new generic drugs approved. This is the reason that President Trump could point to and say drug price spending reduced over the last year for the first time in decades. Melissa so if nancy pelosi is able to dictate the price on 50 drugs per year for medicaid user s why does that mean that new things wont be developed . They are still outside of that they could sell to other people, its only 50 drugs a year. Actually, the way the law is written is it would apply to people covered in the commercial Insurance Market as well, so there have been a number of people, Congressional Budget Office, the council of economic advisors who have looked at the reduction in new products that might occur as a result of this legislation. They disagree about the number of reductions, but everyone agrees that the number of new products will go down, 15 from the Congressional Budget Office over the next 10 years, 100 by the council of economic advisors , but the thing is, after we pass the cures bill, three years ago this was a big deal and there are new things that are coming over the horizon into the market at a much more rapid clip. Why would we want to stop that . If weve got the next cure for a very expensive disease . Why wouldnt we want that to be developed . Melissa congressman, thank you for your time. I wish i had more thanks. Thank you. There is a high stakes election happening right now in the uk. Its the third general election in five years. Melissa thats insane. For the prime minister, the uks trade relationship with the rest of the world, via brexit. Well bring you details from london, next. 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Take your business beyond. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. We are solving problems that improve lives. 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. A mixed set of results for costco, were going to go back to gerri willis with more details from the stock exchange. Gerri were got a split decision eps handling estimates at 1. 90 versus 1. 72, revenue a bit of a disappointment we were expecting 37. 25 billion we only got 37. 04 billion, samestore sales right on the money, 4. 3 gain there, and another disappointment was ecommerce sales up 5. 5 the company itself was negatively impacted by the late thanksgiving, so a lot of focus on that youre seeing shares trade lower afterhours, they have been higher, so taking a look at this, is a split decision earnings looking good but that top line looking not so good. Back to you. Gerri thank you very much. Melissa its being called the high risk operation, new Zealand Military forces launching a Recovery Mission for those killed in mondays volcanic eruption on white island. Despite warnings that the island is still highly volatile, and could erupt again within days, the death toll has now risen to at least 16 people. Keep calm and vote. It is the uks third general election in less than five years polls closing in less than an hour, a lot at stake here, uk is voting for a new parliament and that vote will effect brexit plans. Ashley webster is in london, ashley, any indication of which candidate is in the lead . Ashley well, you know what, deirdre . If you believe the polls and you believe the people on the street and the bookmakers youd say that Boris Johnson certainly is the favorite but the lead had narrowed quite considerably if you want to believe some punters here, the socalled observers. Well find out in a little more than half an hour when we get the first exit polls, but its going to be a long night before we know for sure. You already saw pictures of Jeremy Corbyn voting earlier this morning in north london and Boris Johnson on the left voting here in westminster, in fact, boris showed up with his dog this morning to cast his vote, but its interesting on social media, all day, weve seen pictures of very long lines, especially earlier in the day. Lines of 5070, 100 people, reports that you can see here and the polling stations run the guam gamut. Theres post officers and a garage, i saw, a shipping container, doesnt matter, 40,000 polling locations and this just gives you an example of some of those lines. Is that better news for labor . Its always been if theres low turnout, better for conservative s. Well have to find out, in fact a precinct just a mile from me down the road here, they said the turnout was unprecedented, so pretty interesting stuff and certainly this election has created just like it has in the United States, a lot of division , and everybody has certainly a lot to say on their side of the argument. Take a listen to some voters. Whether you like him or not and all of the things i think that he has leadership ability and i think he is the best man for the job simple as that. The alternative would be excruciating. Whatever cliches you like about mr. Johnson, that hes crazy, that he seems to gain his popular vote. A waste of time, ive been voting in labor all my life, but i cant stand the corbyn is handling things and i think they will bankrupt the country. Ashley well bankrupt the country, its very interesting, the problem for Jeremy Corbyn on the labor side is 5 million labor supporters voted for brexit which put Jeremy Corbyn in a bit of a pickle going into this election, very quickly 650 seats of parliament are all up for grabs today you need 326 seats to get a majority, so that is the magic number. It is believed that Boris Johnson could get more than 326, and that would enable him of course to get brexit through and move on. We will wait and see how this develops, and will it be closer than all the experts say . Should be interesting and lets hope its not ending in a Hung Parliament because well be back here again probably within the next month or two. Thats not good news for anyone. Melissa no, no, ashley thank you. In the meantime, were burning the midnight oil for us. For more on what is being called the most important general election in a generation, we bring in nile gardner the director of the heritage foundation, Margaret Thatcher center for freedom and thanks in advance for the time. Thank you. If johnson, as ashley just said wins a majority that is the fastest track to brexit, right . You have johnson, equals brexit, but on what timetable . Well thats necessarily right and so far, the vast majority of polls have pointed to a conservative majority, so well see if those polls are direct, especially once the exit polls come out at 10 p. M. Uk time. In terms of the timetable, Boris Johnson if he gets the majority is committed to delivering brexit on january 31, and i think the part certainly is to put for the implementing legislation again before Parliament Even as soon as next week, and the goal will be to get parliament to approve the eu withdrawal agreement, the implementation legislation for that agreement by christmas, and that will enable then the uk to leave the eu on january 31, and then that begins a transition period, actually, which goes through until the end of 2020 and during that time, the uk must negotiate a freetrade agreement with the european union, so certainly its a very fasttrack timetable, but ive been assured that Boris Johnson is going to move forward at very full speed, if he gets a majority. Melissa to your point of course , all of these trading relationships are in the balance , but ashley, going back to Something Else that he said, what if there is a lack of a clear majority . It doesnt sound like you think thats going to happen, but essentially ashley told us moments ago that corbyn has put themselves in a different situation. Whats the worst Case Scenario here . Well i think certainly our worst Case Scenario is that you have some kind of Hung Parliament which results in a laborled coalition government. That would be an absolute nightmare for britain and no doubt as well that the labor party will destroy the brexit process. After all most of the labor leadership are opposed to brexit and most labor supporters are opposed although about a third of the labor voted in the 2017 election were brexit supporters, but ive no faith whatsoever in the ability of the labor party to deliver brexit so thats a nightmare scenario, but i do think that the conservative s are most likely to emerge with a majority tonight, and i think if Jeremy Corbyn became the prime minister, it would be an absolute disaster for britain. It would wreck not only brexit but also the relationship with the United States. Jeremy corbyn is deeply anti american, and also the labor party is really having huge problems with antisemitism within its ranks, and Jeremy Corbyn himself i think has advanced antisemitism within the labor party so it would be unthinkable to have this far left antisemetic party actually in power in the uk. Just to get back to what voters want it seems like even people against brexit now just want it, they want it done, and they want to move forward. We will be watching the results right along with you took you ni le. My pleasure, thank you. Melissa a hightech Home Invasion with a new security warning for inhome smart camera s following a series of terrifying moments caught on camera. Who is that . Im your best friend im santa claus. Melissa thats awful. It is. The eighth democratic president ial debate has an unlikely corporate cohost. Well tell you if it could effect calls to break up big tech. Melissa and a deal that sounds too good to be true. Krispy kreme is selling a dozen of the iconic original glazed donuts for just 1 today as part of this annual day of dozens offer, but customers must buy a dozen donuts at the Stores Retail price to get the deal. That sounds right. Melissa well do that vo the moth without hope, struggles in the spiders web. With every attempt to free itself, it only becomes more entangled. Unaware that an exhilarating escape is just within reach. Defy the laws of human nature. At the season of audi sales event. sure, the contents easy. But then you have to connect, download, edit, reformat, output, save, send, upload. Still uploading. And maybe eventually post. This isnt working. Introducing samsung business video solutions. With the galaxy note10, you can shoot, edit and post thumbstopping videos, all from one device. Samsung business solutions. Quitting smoking is freaking hard. St, like quitting every monday hard. Quitting feels so big. So, try making it smaller. And youll be surprised at how easily starting small. Can lead to something big. Start stopping with nicorette yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. So it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. Melissa fox business alert sources telling our own Hillary Vaughn that a phase i trade deal with china is done. Bloomberg just reporting, that President Trump has signed off on a u. S. China trade deal to avert the december tariffs. We will keep you updated on this breaking story. Terrifying videos that show hackers accessing Home Security cameras even in childrens bedrooms. This video is from a home in tennessee, four days after the camera was installed. According to local news report, the hacker was communicating directly with an eightyearold, purposely upsetting her, and encouraging destructive behavior who is that . Im your best friend im santa claus. Mommy im santa claus. Dont you want to be my best friend . Awful. Lifewire. Com editor in chief, lance thanks for joining us. This is horrible. It sent chills down every parent s spine and the girls dad i want to update everybody did come into the room and cutoff the feed, but is it worth it to have these cameras if you have hackers acting even in childrens safe spaces . Well obviously, hackers are always looking for sort of a weak wall, right . Looking for an easy way to get in and bad passwords are often a way to do it or lack of using whats called twofactor authentication where someone could access the cameras even with the password is by having another piece of hardware like the phone in their hand and not using the same password everywhere so my understanding of this, this is not about a Security Breach at amazon, this is really about potentially a hacked password or a password they used on Something Else that the person accessed there so these can be powerful and useful devices for people, but you have to remember that its up to you to manage to control the security. Im glad you mentioned that because we remember amazon did buy this company ring i think 2018 in february and there are plenty of people who arent fans who say it has prevented their home from being broken into, some people have automatic alerts going to police stations but to your point both ring and amazon has said listen if you use the same password everywhere and your information has been leaked whether you know it or not, its really easy for these bad actors to get in and exploit as you say, kind of the weakest part of any household system. It does make me really question just how important it is to have one of these. It could be such great peace of mind if youre traveling and you can see inside your home or outside your home, that is actually pretty valuable. Okay speaking of tech changing off fields now well focus on politics because apple news is going to cohost the eighth democratic president ial debate on february 7. By the way, first time a tech companys news service participates at this level. So does this mean that candidate s will stop aiming for a big tech breakup . No im certain. Honestly i was really excited when i heard this announcement i thought its going to be on the apple campus, but no in the same place i think New Hampshire and it is very interesting that they are going to i dont know who the person from apple news is going to be representing them but believe me warren is going to continue to go hard and talk about apple needs to be broken up, amazon needs broken up, facebook needs broken up because by the way as we exit this decade its the decade of tech regulation. This stuff will happen. Lance, our shareholders and all of those companies thank you melissa telling her side of the story the actress in the controversial hole holiday commercial is speaking out for the first time, since the nationwide backlash and if youre looking for a holiday yul e log look no further than olive garden. Their latest video might be just the right thing for you, details , next. 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. [ dramatic music ]ing ] ahhhh ahhhh elliott. You came back its our most dangerous addiction. And to get the whole world clean . That takes a lot more than an alternative. So we took our worst vice, and turned it into the dna for a better system. Materials made from recycled plastic woven and molded into all the things we consume. We created bionic and put the word out with godaddy. What will you change . Make the world you want. Melissa google can the translate the company releasing a realtime translation mode for its smartphones globally and the feature is through the Google Assistant app with 44 languages available and here is brett larson, our question was does it work . I think so. I have it on my phone and lets see if i can. I need to find the restroom. [speaking in foreign language] its interesting because its realtime, and actually the google translation app as we were talking about on the break you can actually point it at signs in another language, that will translate the image as well so long as you have an Internet Connection and if you dont have an Internet Connection you can actually download different language packs so its local on your phone so if youre traveling somewhere where you dont know where you are or if youll find wifi if you have Cellular Service its actually going to work. Melissa i feel like you could show the phone your mandarin test and tell you what its saying but probably not. This is the new way to cheat on the s. A. T. Melissa im not sure mandarin is on there but anyway, riding a wave playing the scared wife in the peloton holiday ad is final ly speaking out. Oh, listen. [laughter] did you understand like why people got spun up about it . I mean, honestly i think it was just my face. What do you mean . My eyebrows looked like worried i guess . With the picture behind you . Melissa it was her fault. Um, because i would have to loss give that face. It was your face . I think it was over reacting and again ill stand by this i think the reason she was showing that video to her husband was to get him off the couch and on the peloton bike. Thats the script ladies. All right, i like that. Bring it on though and gather around the olive garden yule log the restaurant releasing an eight hour video of pasta baking in the oven. Sounds amazing right . Yes, on the Youtube Channel just in time for the holidays who instead of the yule login case anybody out there is not getting it you but that on your television and you watch the pasta bake. Its socal am calming, but listen, you could watch the yule log with the Christmas MusicEverybody Loves that and its nice but wouldnt you rather watch pasta baking in the oven its so relaxing. Melissa does it come with smell ovision . That would make it hungry right . Keep a little thing of asiag o next to you. Melissa a few hits o of that and youre good. All right, brett thank you, good stuff. Well tax backlash a new announcement shows senator warrens wealth tax would raise short of 1 trillion so nearly 30 less than what her campaign estimated, does this new data squash the debate on whether the tax is beneficial who better to ask than our own david asman. What do you think . David i could hear melissa laughing in the background. She cant stop herself and its finally a study that starts at the right place investigating this wets tax. I call it a confiscation tax because it takes stuff that you own that youve already paid taxes on, but it says who, what would happen if you took the money from entrepreneurs, who have made billions of dollars or just millions of dollars, and put it in the hands of bureaucrats . Well what would happen is youll have less productivity and less productivity means the economy doesnt grow as fast and that means less revenue for government, so Elizabeth Warren said she was going to get all these trillions of dollars from the wealth tax to pay for her trillions of dollars of new government programs, so well this study says no, youre not going to get that much money because the economy is going to slow down because a lot of rich entrepreneurs will take their money and leave the United States. So shes got an answer, she already has answered saying theyve got it all wrong but this is going to be part of a debate well be talking about throughout these election period , im sure. Speaking of talking what is coming up on bulls bears . Weve got a good show everybody is focused on china and whether we have a trade deal christian whiten is on with a really controversial column out on fox business saying look, you should cancel the trade deal, and raise tariffs even more. Hes going to be on to defend that and then look who we have as a panelists. The john delaney, the president ial candidate is one of our four panelists who has things to say about Elizabeth Warrens wealth tax that she should listen up to. Hes one of the last moderates around david looking forward to that conversation well see you at the top of the hour. Melissa a message for procrastinators, the deadline for ordering last minute gifts on amazon is out, the cutoff date to get your presents under the tree we will have that for you, next. Do you use the deadline . Yes. Melissa okay there you go then shes going to stay tuned, plus the force taking the nation by storm baby yoda a stealing the hearts of millions of viewers across the u. S. But how does that break down by the state . One of the products i helped develop at 3m was a more secure diaper closure. There were babies involved. And they werent saying much. Thats what we do at 3m, we listen to people, even those who dont have a voice. We are people helping people. How did you find greatgrandmas recipe . Were related to them . Were portuguese . I thought we were hungarian . Grandpa, can you tell me the story again . Behind every question is a story waiting to be discovered. Behind every question do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on i wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. Trelegy the power of 1,2,3 trelegy 1,2,3 trelegy man with trelegy and the power of 1, 2, 3, im breathing better. Trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. 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Sorry hes a baby deirdre amazon releases official holiday delivery schedule, prime customers have until Christmas Eve to get same day delivery on eligible items, if you not prime, cut off is saturday, get organized. Melissa nonmeat eaters loving it mcdonalds testing beyond meat burger in canada. Researcher at fastfood chain said could sell more than 2nist millio250million of the nonburga year. Melissa message from trade war front lines, Fox Business Network goes inside of the farm to farm conference in omaha. We go with cr kristina partsine. Reporter how are you feeling . Hopeful. Maybe it will help us farmers continue for another generation. Reporter how have you been feeling last year and a half. Stressful, not knowing what the prices might be doing, and how it affects our day o daytoy operations. Reporter there are a lot of young people here, you are a millennial, you have been farming, you and your dad, you have corn, soybeans, cattle, what is next step. Next step is next week ill sign may papers to get my first piece of land, ill b ill ill l live farmer. Reporter do you find not as many young people or a resurgences . I think that Rural America is trying to make a comeback, in my area, specifically eastern kansas more and more people my age coming back to farming that is encouraging. Reporter what ask a major issue, you mentioned rural farming. Rural broadband is a huge issue, grants are amazing. But problem is they are stopping before that they get to us a lf time, i cant take a phone call in my house sometimes, we have ipads in tractor but if i cant get this cell ver cell service,t get that information. Reporter you cant take a phone call sometime in your house,iac lynn best of luck jacquelin best of luck, we got the story on china trade deal. Melissa thank you. Deirdre golden child stealing nations heart. Baby yoda, this according to new research. Melissa it looks like et. He does. Deirdre baby yoda and then results are based on google searches from each state,. Melissa what about new york . We love baby yoda. Deirdre not even on the list. Melissa that looks like theme from et in the front of the bike, that is why i think baby yoda looks like et, i love him how about you. Deirdre how can you not. Melissa okay, bulls and bears right now. David look at this, s p, nasdaq closing at new record highs, all eyes on white house for high stakes trade meeting is underway. We could have breaking news at any moment, sources tell fox, that a deal with china is imminent. We have all details, a live report from the white house. This is bulls and bears thank you for joining us, i am david asman, joining me jonathan hoenig, liz peek. Gary kaltbaum and millionaire businessman, 2020 democrat candidate, johnn john delaney, o to break buhrmann first what is