Transcripts For FBC Making Money With Charles Payne 20240713

Have to wait 250 years to wait as much as men. All that and so much more on making money. The senate exists for moments like this. That is why this body has the ultimate say in impeachments. I heard some of what Mitch Mcconnell said today, and it reminded me our founders when they wrote the constitution, they suspected that there could be a rogue president. I dont think they suspected we could have a rogue president and leader in the senate at the same time. Neil Charles House Speaker Nancy Pelosi and Senate Majority leader Mitch Mcconnell facing the nation less than 24 hours after democrats voted to impeach President Trump. Now the white house is gearing up for a trial. What will be their line of defense . Well now talk with the chief of staff to Vice President pence, mark short. Mark, thanks for joining us. Thanks for having me back on again. Now it is out there. Feels like nancy pelosi will hold these articles hostage. Perhaps they will never make it to the senate. What do you make of that . I think that American People need no further proof a charade, what a farce this whole exercise has been. We were told for a long time, this president , this administration posed a great danger to our country. We need to rush through this and trample all over the Constitutional Rights of the president to rush this along. Then well hold it and not send it to the senate. I think vast majority of American People grown frustrated with the process. At they watch today their cynicism is even higher. What nancy pelosi has not done is pursue impeachment. What she wants to do is have a political game to satisfy the far leftwing of her caucus. That is where we sit today. I think the American Peoples voices will be heard. Charles to the point, President Trump calls it impeachment light considering the buildup, all of things he has been accused of by the democratic party, i was sure righted how limited the scope was. Now that sense of your again sy that that urgency to get this point taking a back seat what you call political shenanigans. How does the white house deal with this . To your first point the reason the case is so slim they never had a case. Reality provided more to ukraine than previous administration. We provided lethal weapons. They provided money within the time frame was allowed. There never was a case. It is surely political. The way the white house will deal with it, continue to talk to the American People, you will see this american president do things that generate growth in our economy, record low unemployment. Lowest been in 50 years. Lowest ever for hispanicamericans, black americans, asianamericans. You see growth in our country and not just low Unemployment Rate we expect you see growth with trade and growth with gdp. This president will continue to work for the American People. That is how well focus and deal with it. Charles i want to focus on the trade comment you made. Looks like the house is really close, this time passing usmca ahead of the vote President Trump ripping democrats because theyre trying to take credit for the deal. Take a listen, mark. Now the democrats trying to take credit for this deal. Thats okay. [booing ] whatever it takes, seven months it sits, we dont give anything i spoke to the unions day before. Fellows you got to get it done. Union labor loves you. I love you too, sir. I love you too, sir. [cheering] charles mark, tell us the significance of it, maybe how close it didnt come to fruition because mexico wasnt happy with some of the tinkering that the democrats did . Well i think this president actually negotiated that deal with mexico and canada, signed that part over 12 month ago. It has been sitting on Nancy Pelosis desk for a year. Were pleased that theyre finally bringing it forward to a vote. We think it could have benefited American Workers before now. We think it crosses finish line in january, when it gets through the United States senate. Some of the International Trade commission estimates said it would create up to 167 new jobs and grow the economy by billions of dollars. That is actually the median number. Their estimate said if you to on highend, if things could go well, you create 500,000 new jobs and add a point to the gdp. Upper end of estimates are incredibly significant. We think it also, charles, provides a template for other great trade deals. The president is anxious to work on trade deal with the uk as soon as brexit is completed t provides a template for deals with europe and asia. Charles marc short, thank you very much. Thanks for having me on, charles. Charles president s impeachment not stopping the market from hitting alltime highs. Could the vote help this rally with the president high on reelection chances . We have david dietze and heather zumarriaga. Here is the way i connected the dots. The economy is soaring, the market is soaring, since impeachment has begun President Trumps ratings have soared. Maybe impeachment is helping this market . It sure is. That is what were seeing today. The stock market thinks impeachment is partisan sham. That is what it turned out to be, the impeachment is widening President Trumps, i think 2020 poll numbers as well as potential victory in 2020. That is only helping him. That is why the stock market is rising. He is good for business. He is good for the economy. And having President Trump and administration and white house good for our stock market. Charles david, it seems, now, with same six months ago counterintuitive, president of the night impeached, the day of the process were soaring in this market. Youve been around for a while. Youve seen a lot of Different Things. Are you shocked at this . No im not. At the end of the day i think the markets and economy are driven by fundamentals. Whatever the impeachment process is, you cant draw a line between that, higher taxes, lower prices. What i think markets are responding too here, continued strength in the consumer. Lowest unemployment in 50 years. We have platforms for leg higher as weve got phase one, soon on its way to being signed. We have nafta 2. 0 which will increase trade between our neighbors to the south and to the north. I think that is what markets are responding to. In terms of today. I think the fact the vote was strictly along partisan lines is clueing in to the American People there is no fire underneath this smoke. Therefore it sets up mr. Trump very well. Charles heather, i want to ask you about a development no one is really talking about yet in the summer two and 10year inverted, 10year yields more, headlines screamed across the nation, recession, recession. Theyre at highest point since last year the gap between the two . What are economic implications of that . How does it change the dynamics of the stock market. Obviously people searching for the yield from the stock market might be lured into the bond market . That gives a reason for the fed in the future to increase rates. Some people scream, no, no, not yet. But when you look at the economic backdrop, the only reason why our yields were so low because we had a global recession and flight to safety, flight to quality in the u. S. Markets. If our economy is strong, unemployment at 50 year lows, and inflation remains in check, if inflation heads up a little bit higher, then i think the fed can remain on paws. You can see Interest Rates head higher now that we dont have the inverted yield curve. Charles i dont think the fed will do anything with hiking rates until were well over 2 . For a period of time. Not the first time. So, but, from an investors point of view, because some people argue this means that money is coming out of bonds. Going into stocks, where is it going . If youre looking for 2 yield, no better place now than perhaps the 10year . I think we have to go much further than 2 before that kind of a recalculation comes into effect. I think right now investors and market important pants are happy the yield curve is steeper and steeper. Great for the banks. No more sector out there. People are seeing economy pick up a little bit of steam, a little bit of inflation is a good thing. Charles david said there is no more important sector than financials, heather. The hottest is Technology Led by semiconductors. Micron blew them out of the water, gave great guidance for industry. The stock is up 50 . Morgan stanley raised their thing on it from avoiding it to in line whatever the heck that means. Wall street missed this, but should our viewers stay the course . Absolutely the Technology Sector is a sector set to emerge when you talk about a chinese trade deal, phase one is not completely signed but, the tech sector will benefit the most. Micron would benefit especially when you look at the fact they supply Companies Like apple. Apple relies heavily on china out of 218 million phones sold last year in 2018. Most of them were assembled in china. Now according to reuters if we have the tariffs suspended or lifted, 115 million worth of iphone sales, technology goods, will ramp up apple sales. That is micron depends on health of apple and the trade deal. Why youre seeing their stock up today. Charles micron has been a monster stock all year long but so has heather. David, heather, thank you very much. Appreciate it. You got it. Charles speaking later in the hour, apple, google, amazon deciding to play nice over Home Technology but is there something deeper going on with this technology truce . I see defend 19 headwinds becoming 2020 tailwinds. I will ask wall streets best why economists continue to play it so close to the vest. Remember four months ago, we had one little period we had a little downturn, oh, were going into recession. I said dont worry about it. All of sudden in the past week we set Brand New Records in the history of the various stock markets. 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. May your holidays that dglow bright and all your dreams take flight. Lease the glc 300 suv for 439 a month with credit toward your first months payment at the mercedesbenz winter event. Charles after months of recession fears economists are finally letting it go. A new survey pointed out by the wall street Journal Economists expect the u. S. Expansion continue in the new year although slower pace for them in 2019. I want to give you mine, the payne 2020 out look. Gdp i think 3 plus. Wage growth, 4 plus. S p 500 i think will be up 15 . I want to see if she agrees. I want to bring in kpm go. Chief economist, constance hunter. Its been too long. Glad to be here. Charles let me give you my rationale for all of this. I think a couple of key headwinds will be tailwinds. Business investment will pick up big time. That would be great if it happens. Charles that would be great. If there is are signs of it, empire state current manufacturing report, where they expect six months from now, other parts of it. Household formation, highest level since 2013. Greater signs, maybe, maybe millenials are moving out, forming households, having children, bedrock of any economy and trade. So i think that these numbers are going to be obtainable. Am i wrong. Okay. If we get your wage number it is possible but were looking for consumption to slow down because the pace of jobs growth will naturally slow. We just dont have the labor force, even if we get greater labor force participation, we dont have the labor force to add this many jobs. Job growth growing 2 yearoveryear beginning of this year, now down to 1. 5 yearoveryear growth rate. We expect that to slow to 1 throughout 2020. Charles does that mean my wage argument then, if you have scarcity of workers . It helps for productivity growth. Firms dont like to pay up for workers if there is just scarcity. They like to pay up for scarcity and productivity growth. I like to refer to one thing you said, fears of recession, expectation if the expansion continues, you think about it, we went 180 degrees, people were expecting three or four rate hikes in 2019, but we got three rate cuts. Youre seeing housing turn around. More basis points down 300 points. I think housing thesis is 100 strong. Charles the last time napa put out survey. 1. 3 growth next year. An improvement, more importantly. Charles improvement. 3 4 saw at least one rate cut. Some saw two rate cuts next year. I still feel like why are economists, you know, professional economists, wall street economists so much more cautious than like say, an armchair economist like me . Well, i think part of it charles dont laugh at me . Im not laughing. Looking at me. Im laughing at economists, right . We have models that take the longterm trends, longterm views, if you look for example, what is happening with auto sales, big part of the economy, that went from flatlined to down a little bit. With will cause that to increase . If you see the jobs rate slow which has nothing to do with the underlying economy. Merely age of expansion and growth rate of working age population. Those are mathematical realities that you put a governor around it. I would love to see wage increases. Weve gotten a little gunshy, the fed has gotten a little gunshy, if you look at the fed forecast, well get to our inflation target, well get to our inflation target and we havent obtained it nor has any other economy obtained inflation targets. Charles bottom line you ray agree well have pretty good year next year . I think well have growth. The big wild card if we get a shock from overseas, which i dont rule out especially coming from china. Their economy is in a tricky place. If you just base it on the u. S. Economy alone, were looking for continued expansion. Charles china bailed out another bank, 14 billion. Their debtloads are making a lot of people afraid. Constance, great to have you. Always appreciate it. Thank you. Charles one day after impeaching President Trump, the house is expected to overwhelmingly pass one of his Biggest Campaign promises, the usmca. Well have live reaction from capitol hill. Three biggest names in tech, apple, amazon, google, theyre joining forces to make home devices more compatible. As investor i love it. As a private citizen im a little skeptical. Tweet me cvpayne. I want to know what you think. I will be right back. Look at all this ink it comes with. Big ink tanks. Lots of ink. No more cartridges. Incredible amount of ink. The epson ecotank. Just fill and chill. Woman friction points, those obstacles that limit a companys growth. I try to find companies that turn these challenges into opportunities. Its these unique companies with Creative Business models that will generate value for our investors. Thats why i go beyond the numbers. That will generate value for our investors. At chevy, were all about bringing families together. This time of year, thats really important. So were making it easier than ever to become part of our family. Thats why our chevy employee discount is now available to everyone. The chevy price you pay is what we pay. Not a cent more. Family is important to us. And we want you to be part of ours. So happy holidays. And welcome to the family. All the chevy family get the chevy employee discount for everyone today. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. This is the epson no more buying cartridges. Big ink tanks. Lots of ink. Print about. This many pages. The epson ecotank. Just fill and chill. Charles for my favorite story of the day, apple, google, amazon, they will join forces to make their devices more compatible with each other. This is part of an alliance felt turing other Semiconductor Companies but is this for the greater good . I want to ask money map strategist keith fitzgerald, youre my favorite guest when it comes to tech stuff, but there is always sew societal impact. Internet of things weve been talking about things, everything will be huge. Everything is connected. Refrigerators will connect to the supermarkets and talk to the bathtub and everything will know everything. How do we invest in that . Oh, boy, this is the greatest part of the equation, because if you think about it, we can standardized toilet seats in this country, standardize computer operating systems and standardize home operate be systems and internet of things. This is about data and chipmakers, suppliers making everything from the stuff inside these to the plastic cords that power them. Charles to me im thinking nvidia. I think nvidia makes ultimate iot chip. If there is a universal language, not disparate operating systems, adoption will happen a lot sooner, that means opportunities for a company like that, my mind . I tell you what, you just named my favorite play in this space. They have a long lead. They know what theyre doing. They have the manufacturing, they have the technology, theyre putting key deals together, the stock has risen Something Like 1000 percent in the last five years. Average earnings per share growth yearoveryear is somewhere in the 30 to 60 range consistently. Theyre expensive but you aint seen nothing yet. Charles now lets talk about the other angle, all right . These names keep popping up on the political circuit about how big they are, how much power they have, both sides of the political aisle have beef with them. I refer back to season three, epcode 24 of the twilight zone. This is cookbook. Are they really doing this for us, or are they doing it for them, would it hurt us . Should we be a afraid of alliance of these three titans . I tell you what, charles, the flat Earth Society lives. You can say its a bad thing all we want but the reality of the situation is, anytime you have this kind of a breakthrough it has societal impact. To me it scares the you know what out of me, if i have a joke, siri might laugh, alexa might not, but reality of the situation, impact on our lives it will be good. The key is controlling. I think these three companies have their act together in that department. Insurance companies and Credit Rating agencies i worry about. Charles i worry about my scale and my refrigerator joining with my wife to complain about my weight. That is what im worried about. Im a little frustrated already. You and me, both. We will get to a age where you eat extra doughnut in the morning and Health Insurance premiums go up in the afternoon. Charles always great having a conversation with you. They say a picture is worth 1000 words. I have a chart that explains why President Trump will be reelected. The house is about to fulfill one of President Trumps Biggest Campaign promises, the usmca but when will the senate take it up . North dakota senator kevin cramer weighs in on that right after the break. Everything your trip needs for everyone you love. Expedia. For everyone you love. vo thewith every attempt, strto free itself,piders web. 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. Charles looking like a full stocking for the senate before they go away on holiday recess. Not only need to sort it impeachment and Government Spending plan, but now the house is about to hand them the usmca. Can we expect anymore changes to the trade deal before it heads to the president s desk. Joining me north dakota senator, kevin cramer, also on the budget committee. Thanks for joining us. Thanks for the opportunities. I always wanted to be on the tv with the pride of minot state university. Charles why not minot . Freeze is the reason. Come next week. Charles maybe. I might take you up on that. Meantime though, start with usmca. Since you know, youre from a bordering state. Right. Charles i dont think the general public understands how large this could be because we spent so much time talking about china trade . Its a great point because i think youre exactly right and we sort of take the north American Continent for granted a little bit. We all, get along. Weve had this long time nafta trade deal. The modernization was very important, for Northern Tier states like north dakota where we actually do a lot of regular trading, including with wheat, for example in north dakota. The facilitating short of reconciling differences in grading, things like that, make a huge difference to our farmers. We think because of usmca, we could double our sales of grains, for example, to canada. So it is a big deal. I think, to make the point even further, the passage of usmca and momentum it creates are critical to the extra leverage President Trump had with china. If we get that done, that adds leverage to the deal with the united kingdom. That is escalating dynamic for all of us. Charles meantime, there is impeachment. And maybe it is this impeachment drama that helped to hasten the passage of usmca because, obviously nancy pelosi new she had to get something done but now there is talk of maybe stalling it. Maybe never getting to senate or playing games with it. What are your thoughts on that . My first thought what in the world is she thinking and what is she doing . I for the life of my cant get into her head what the upside is for her, some off of ramp, buyers remorse, maybe if we keep it over here we have impeachment without acquittal . Particularly odd about it, is that the idea that somehow she would, you know, threatens a leverage, not sending something to the senate that the senate doesnt want is really hard, let me put it this way, i wouldnt want her negotiating with the next trade deal with rationale like that. Charles we got bipartisanship on spending which is not uncommon. Pox on both houses with all due respect. Right. Charles 1. 4 trillion. A lot of that stuff republicans generally would really be upset about, your thoughts on this . Is this the way it has to be from now on . Do we have to spend so much money, so much debt to get any sort of bipartisanship down here . Seems so far. Ive been in congress for seven years, i have never seen regular order process. 1. 4 trillion is 100 billion less than it was 10 years ago. So, and to remember, this is the discretionary side of the budget. We are not, chars, going to ever balance our budget on discretionary side. That is less than a third of the overall budget. Until we get ahold of the mandatory side of the ledger, you know what that is, medicare, medicaid, Social Security, the entitlement programs charles but if there is no political will on discretionary side certainly those third rail issues to your point can never be addressed . Youre right. It will take some very courageous people. I just, a year ago, i was elected. I was not just glad but eager to talk about about very top i can. We have to talk about more members an candidates willing to be courageous enough to point out the facts Social Security goes insolvent. In fact medicare goes insolvent a handful of years if we dont deal with it. We have to sound the alarm, never mind the debt issue, but insolvency of those important programs is facing us every day of the week, put it off, it will cost us more to fix it. We have to have the courage to talk about it. Charles senator cramer, thank you very much. Always mind, charles, thank you. Later in the show why sometimes you need to break out on your own to break societys barriers. Speaker pelosi fueling criticism that she is holding the articles of impeachment hostage. Well hear from a top Legal Advisor from President Trump on their thoughts and strategy going forward. D. So you can plan for retirement and save for college. Oh, that explains this. The nationwide dome. Stateoftheart venue. 80yard screen. Fantasy sports lounge. Climate controlled seats. Sushi bar. Club level pool. Really . Lastly. Retractable roof. Whoa. Touchdown peytonville just runnin away with this one. Go peytons. pop kind of lackluster. Eh, still working out some kinks. Who they playing . The brads. Worst team in the league. Of course. Most people think as a reliable phone company. But to businesses, were a reliable partner. 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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 Speaker Pelosi suggested that House Democrats may be too afraid, too afraid to even transmit share shoddy work product to the senate. Mr. President , looks like the prosecutors are getting cold feet. I was not prepared to put the managers and that bill yet because we dont know the arena that we are in. Frankly i dont care what the republicans say. Charles war of words escalating today between Senate Leader Mitch Mcconnell and House Speaker nancy pelosi. This after pelosi surprised everyone by refusing to say when she would send two impeachment articles to the senate for trial. Joining me attorney jenna ellis. How are you surprised between you and President Trump about the next move . This is ridiculous, rhetoric over last 2 1 2 months, President Trump is threat to democracy, existential threat, because she doesnt have control of the senate, oh, we can take our time. That is the next line of hypocrisy. Showing President Trump is completely right to call this a impeachment scam. This is just the democrats trying to campaign for 2020 pause they know they cant win at the ballot box. They are fundamentally underpining the u. S. Constitution. So i want to be very clear as well, this isnt just about how ridiculous partisan and terrible, precedent that the democrat are, but they are actually fundamentally their oath of office by stepping outside of the by these two ridiculously unmerited articles of impeachment. Charles what do you say, President Trump say, to those, me thinketh thou protest too much . Small snippet from the Washington Post this morning. Even trump knows he lumped in the with losers, richard six son and andrew johnson. Impeachment will define his presidency more than any other foreign or domestic actions. When you read this, does this bother p trump . No. I spoke with him this morning, he was in good spirits. While the house was filing those two crazy articles of impeachment, the senate was confirming over a dozen conservative justice. After all of the people who have trump derangement syndrome are out of office over the next 100 years and beyond of american history, President Trump is going to be remembered as the most conservative president of america who cared about the American People. Put conservative justice on the court, passed the usmca, all the things he has done for the American People. That is what he will be remembered. Charles without revealing too much the president s legal manuevers, possible options then . Or just sort of a waitandsee approach from President Trump and his attorneys with respect to this . I think that really depends on the senate. So right now leader mcconnell has been very clear he is going to make sure that this process is fully constitutional. The constitution requires that the senate actually is over the trial and so nancy pelosi and all of her minions are totally done with this so now it is up to leader mcconnell. So the white house is waiting to see what is our Defense Strategy going to be. Charles i want to bring in folks, liberal radio host and attorney, ethan berryman. Nancy pelosi, we played sound bite, she is not sure of arena. The arena is the senate, according to generals point and that will always be . What is the holdup . Feels could be a miscalculation for her and democrats . I think Speaker Pelosi is taking right approach here we know the senate is essentially a Kangaroo Point based on leader mcconnells statements on fox news that he will take cues from the president. Like putting a mob pros in charge of the prosecutor and jury. She wants to leverage whatever political muster to bring pressure on leader mcconnell to run a actual trial and present witnesses and evidence. Charles onesided impeachment where you had democrats defect from her, zero republicans vote for that, that is not a kangaroo situation. Isnt constitutionally isnt supposed to go to the senate from here . Isnt this game mansship and thinking and Public Opinion polls . Public opinion polls are vary depending which you look at. Charles overall, ethan, lets be honest, it is hurting you guys particularly among independents. Well i think some people are, yeah, obviously tired of hearing about the impeachment. There is no question. That happened in 1998 as well, when the markets hit record highs on the day bill clinton was impeached as well. Nasdaq peeked on the day bill clinton was impeached by house. That is always the case the public gets tired of this. People in political circles enjoy debate these things, but really youre right, constitutionally this is actually quite vague. Jenna has a valid argument in defense of the president here. The democrats have a valid argument as well this is not a criminal trial. This is not a civil trial. This is political trial we rarely done in u. S. History. And you know, ethan the only bipartisan support here was against the articles of impeachment. That absolutely hurts the democratic party. But i also want to respond to your comment about leader mcconnell. In any sort of regular process in court, his comments were about the process and the judge always, and anyone setting up process always consults with counsel to make sure what are the witnesses, rules of evidence that come in. How many days do we need for trial. That kind of process does not indicate anything about a kangaroo court. That is simply leader mcconnell doing his job. Charles eat than, ethan, you wrought up bill clinton, great example were nancy pelosi held back on this a long time. Republicans paid a huge price, huge price for impeachment of bill clinton. Feels like if youre going to let this linger i think the democrats will pay an equally huge price again . Yeah. I dont fully agree with you. Partially because george bush won in 2000 after the bill clinton impeachment which was republican. Republicans didnt lose that badly. Furthermore, i would add into this case, President Trump, weve got 10, 11 months before actual election day. The house could come up with additional articles much impeachment between now and then. Im not kidding. Charles listen, believe me, i heard enough members, democratic members this wont stop no matter what. But again, there is that effort. Then there is the political i impetus for it. The political outcome, i dont think is helping them at all. I will say this, congratulations ethan. I know you opened your new law firm. Youre moving fast my friend. Keep it going. Of course, jenna, we appreciate you anytime you come on the show. Thank you very much. Charles reports that netflix subscribers are jumping to disney but is the Financial Media too quick to call an end of credits for netflix . Well be right back. Im your 70lb st. Bernard puppy, and my lack of impulse control, is about to become your problem. Ahh no, come on. I saw you eating poop earlier. Hey my focus is on the road, and thats saving me cash with drivewise. Whos the dummy now . Whoof whoof so get allstate where good drivers save 40 for avoiding mayhem, like me. Sorry hes a baby but how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. Here, it all starts withello hi . How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone wifi up there . Uhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your local xfinity store today. Charles less than a week away toys are flying off the shelves as we head into the homestretch of holiday shopping. Claim plan countdown host liz claman taking a look at hottest toys this holiday weekend. One, one of the, not even of the, charles, holding in my hands, the lol doll by mga entertainment, the bestseller for the holiday for toys. These dolls, they open up, they are little packages here, round little balls here, you open up all different kinds of surprises. This story has every element. It has bestselling, it has business. We have the ceo who is talking about the china trade deal, the phase one deal he is really concerned. He needs to see this thing go through because a lot of his materials and product come in from china. Just as importantly, charles, there is a little bit of controversy here. Within these surprise lol dolls, sometimes you get a girl doll, a boy doll, oh, the boy dolls are apparently a little too anatomically correct for some parents. Comes with the whole package if you know what i mean. Well talk about all of that and more. Huge Business Success story. Bestselling toy, holiday season, wrapped up in one. Charles that is on my shopping list. I may have have to crack open a few before i buy them. Thank you, liz. The claman countdown is at the top of the hour. There is new report from cowan and company that disney plus lured one million, one million subscribers from netflix. Is netflixs demise greatly exaggerated . The headline looks a little discouraging, to answer your question, no, i dont think its a doomsday scenario. Neither does cowan. I have the report. I did read it. It was 15 pages. They did an independent study, saw churn rate of entry of disney plus into the marketplace, more than a million subscribers. They said it was hard year for netflix, we knew in general that would happen. Apple tv, hbo is coming, comcast bringing something online, all the Different Services they have to work on the original content, stepping up their game. Doesnt mean they wont. Some of these people are getting free subscriptions for example, through verizon for disney. They may switch back to netflix. You dont know exactly how this will play out. Short term, Fourth Quarter earnings, first quarter, 2020 subscriber numbers could be, you know, a problem for this stock. Long term looks like they have the opportunity to get into the existing and new markets, also the international space. Their margins are high. Charles point out two stocks on the screen youve been talking. Netflix is up, pivotal increased their target to 425. That is not just pivotal. Goldman put a target of 400 today. Other firms have big targets on it. Tell you something. The stock broke out. Volume was huge. Broke through key resistance area. I watch it second to second because my subscribers own the stock. I think it will go higher. Potentially could. Has a lot of street targets saying it could go higher. We all know this, here is what we know charles is there room for more than just one . Yes. Cordcutting happens. People making smart decisions, disney plus is poop lar popular because people feel it is easy to use. A lot of pieces are excited about it. Theyre also on the cheap side. Doesnt mean you cant have more than one as well. Charles earlier speculation, news came out, apple may be looking to bolster their offerings, james bond, the pac 12 which to me suggestions they have not hit the ground with the kind of excitement. People like the shows they have, good critical acclaim i dont think they are bringing in numbers they thought they would early on. The bar is very high for apple. When they do something they knock it out of the park. Not to say ha apple tv has been successful. Not what they were hoping in terms of original content. I watched a couple of shows. They are good . Are they great . That is debatable. We could have another conversation. They would be smart to stock up, broaden the library. Get people more. That is what it will be. Charles thank you for filling in. Thanks for sharing the story. Coming up we have good news, bad news when it comes to wages and the Main Development that probably gets President Trump reelected. Stay with us. 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. sure, the contents easy. 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Charles all right, heres a rather depressing report. The Global Gender Gap report says there will be at least, well, its going to be at least year 2077 before women around the world get equal pay. We are talking 257 years from now. Before you say thats around the world, what about here at home, well, check this out. The United States is 53rd in the world for gender parity. I want to bring in wall street journal opinion writer jillian melchior. We have had this discussion many, many times and a lot of people say there are reasons for this that are not nefarious, per se, but its persistent. Its a political topic, a topic that never goes away, and is it as bad as it seems . We are 53 in the world. Ive got to say i disagree with their metrics. I dont think its a sign of womens parity whether theres equality on corporate boards. Exact numbers one for one match. I dont think that even pay gap is a particularly good metric. Its whether you have the same sort of opportunities. From there, you have the freedom to make choices that have different outcomes for your life. Its a give and take here. I dont really like these reports that break it down fully based on those kind of metrics. That said, reading the report, what stood out to me is how much more choice women have in the United States than other parts of the world. I also take issue with people that say you know, we dont need feminism anymore because there are women around the world that dont have those choices. Charles but i have seen for instance, recently bangladesh started doing microloans for women and i saw folks on the left get upset about that, that they were only getting pennies, they were being exploited. I looked at it differently. I thought this opened up the world of entrepreneurship to them. The highest paid ceo in britain last year, a woman, made 323 million sterling. She owns her own business. Opening up opportunities, particularly entrepreneurship, isnt that a great way to balance all of this . Absolutely. I certainly think so. In fact, some of the most empowering women that i have met worldwide have been women who are coming out of bad situations, coming out of cultures where theres a lot of oppression and repression specifically against women, and have managed to figure out a way to start a business to support their families and build their communities. I think if you look for those stories, you find them. Its getting government out of the way a lot of times and its also i do think we have to talk about Different Things when we talk about womens opportunity in the United States and womens opportunity in places like yemen or india or different places around the world that just dont have that same sort of rule of law where women are treated in the courts the same way as men. Charles i do want to ask you about wages in a different kind of way, but when it comes to american paychecks. I want to take a look and share this chart with our viewers. Blue collar workers are seeing wage increases much higher than the overall total work force. Jillian, i think this chart we are looking at, that circle is the main reason President Trump gets reelected next year. I know the president talked about the stock market a lot but that reflects Blue Collar Workers that propelled him to the white house in the first place. Its a really tight job market. What you are seeing from all of this economic growth, all of this opportunity and government getting out of the way through deregulation is that the American Economy is growing faster than charles are you shocked that Corporate Tax cuts are helping Blue Collar Workers wages rise faster than anyone else . Thats not the narrative in mainstream media. Absolutely not. Its this is benefiting only the rich but i dont think thats the case. I will point out i think deregulation has been a big part of this. Charles great seeing you, my friend. Its been far too long. Folks, we are up 127 points. I told neil we would get a little cp effect and we did. Now its your turn. Liz okay. We got the cavuto shift, then the cp effect. Lets get the laliz effort here. Thank you, charles. American farmers could be rejoicing this hour. The house is expected to pass the 1. 2 trillion u. S. Mexico canada trade deal at any moment but could the president s impeachment delay the full passage further . Kansas republican congressman roger martishalls district is chockful of farmers. He is about to vote. We will ask him beforehand will it be yes or no . Wall street bulls definitely saying yes as stocks push to new frontiers. The dow, s p and nasdaq set to make history again. Our floor show