Losses in tech. The s p is looking at the best year, potentially here in two decades. Deirdre bolton kicks us off. She is at the New York Stock Exchange whether thedre . Thats a great question, blake. You mentioned the s p 500 is on track to havehe year since 1997. Todays red on screens doone foe year. The groups putting most pressure on the markets right now are ones that outperformed last week. Really sent stocks to all new highs for the christmas rally. They include info tech, consumer discretionary, also communication stocks. Youre seeing that pattern as individual stocks too. Some of the biggest winners of the year are lower today. Here are some top three weve been following. Apple, microsoft, visa. They are all stand out stocks for 2019. Apple, we have to highlight. It is the best performing stock on the dow for the year. It is up 82 . The gains pushed companys market cap back above the 1 trilliondollar mark. Analysts talking a lot about wearables. They are beating forecasts. By some estimates apple may have sold 6 billion worth of airpods already this year. This signals that apple does have another star Consumer Product to back up its iphone. The other performers, microsoft, visa, theyre lower with the rest of the market more or less. Microsoft up 55 yeartodate. Visa up 43 yeartodate. Overall, blake, for most people, for the 401 k s, retirement, a very solid year. Today, a little bit of a hiccup. Penultimate day, back to you. Blake red on the screen. Well take the year and decade. Deirdre bolton at New York Stock Exchange. Thanks. The interesting thing about this, one of the angles you could look at, there was pretty good news you could think, or take it that way, coming on the china trade front. As white house trade advisor Peter Navarro told fox news earlier this morning, a signed china deal between the u. S. And china, phase one could be potentially here within days. Listen. All weve been waiting for on the china deal to translate the English Version of the 86page deal into the chinese version. That is a done deal. Put that one in the bank. Well probably have a signing on that within the next week or so were just waiting for the translation. Blake inf Global Portfolio manager jack mcintyre. Good afternoon. Thanks for joining us here. What did i miss . This seems like a decent headline, the signing of the deal within a week or so, maybe at top of january. Markets have not really reacted . Markets are discounting mechanisms. This has been known, the timing has been a little uncertain. The fact that Peter Navarro ultimate trade hawk is leading this positive is a net positive. The market sniffed this out. This is part of why we had a huge rally in december in equities. Blake you say sniffed this out. That would lead you to believe its a done deal as the administration suggests. Taking a leap of faith not necessarily on the administration part. You know the history. The translation part will be interesting to watch. It does sound like we are probably at the sixinch line in terms of scoring. There is maybe a little bit of uncertainty. I would still view this as net positive and a done deal. Blake hires the thing. The administration said when there was deal in place before everything broke down in april, may, that deal was 140 pages. Today, Peter Navarro talked about 86page part on the u. S. Side. Clearly phase one is smaller than what they had in may. And we still dont know whats in it. We dont know a single word that is in that trade agreement . Yeah. Youre right. So the markets are saying hey, were going to get a deal. I will remove some uncertainty. Because markets abhor uncertainty. Were getting progress. This is, you know, im going to say at some level symbolic. That the two biggest economies are finally moving in the right direction. But again, you know, this will be a toned down fade one as you pointed out. Blake 2019, the markets went with every single headline of the china trade deal for the most part. 2020 that way as they strike phase two . More election or, see impeachment really. U. S. And china were in sort of detente. I dont think it will be a big market mover. Obviously something is stressed i will not totally ignore it. I think its a fact inflation is low. We have global Central Banks cutting rates. We have the wall of global monetary stimulus. That will certainly be a ned positive. Blake does that continue in 2020 . I do. I think, obviously, u. S. China trade is very important but global inflation being low, it means Monetary Policy will be stimulative. Were getting chatter that there will be fiscal stimulus globally. Blake what about here . We have already used that up ammunition. We used up monetary ammunition. Im more constructive on the global economy. Equities outside the u. S. Weaker u. S. Dollar. Blake jack mcintyre, brandywine Global Portfolio manager. Leave it there. Happy new year. Thanks for jumping in on december 30th. My pleasure. Blake stocks rising as we have seen. Maybe not today, but over the past year, past months, past weeks but u. S. Debt rising as well, especially talking about over the last decade. Former cbo director under president george bush, george h. W. Bush, douglas holes eagan kin. He isholtzeakin he is not confident a fix comes in the next decade. How are you . Im doing okay. How are you . Blake here is the thing. Markets economy doing well across the board but if you talk about that thing called debt that you might as well close your eyes. Im worried about the thing called debt. That is the big risk to the longterm outlook of united states. We have 23 trilliondollar debt, rising every year. Trillion dollar deficits. Rising as share of gdp this is fundamentally unstablable. We have projection in the federal budget, revenue and spending diverges as far as eye can see. It has to be dealt with. The only question when. We see no appetite to deal with it. Blake no appetite from democrats when there was a democrat in the white house for the last decade for seven of the last 10 years. Certainly no appetite from republicans over the last three years. Essentially when they controlled the house, senate and white house as well. The blame goes all around, does it not . The blame does go all around and my biggest concern is that americans i think are unaware of how big this problem is. Blake how big is it then . President obama told them for eight years there is nothing wrong with the federal budget we cant fix by taxing rich people. President trump basically said nothing about it. I think they are unaware it will take major reforms to core social programs, Social Security, medicare, medicaid. It will require more bays broadening in the tax code to get this fixed. That is something unless there is some education and preparation for it, will come as a huge political shock to the american public. Blake the white house is acknowledging, here in washington the Congressional Budget Office as well the white house are predicting essentially 1. 4 trillion of debt on average over next decade, year after year after year, no matter who is in office, democrat or republican. Yeah. Blake jack talking about keeping rates low, at that stomach it or so big, so bad you cant really wrap your head around it . Low Interest Rates make it easier to carry debt f you have a sustainable level of debt, certainly low Interest Rate environment is a huge advantage. Our problem that we have unsustainable future. Were just adding to the debt regardless of low Interest Rates. Were not taking advantage of them. We need to deal with first and foremost the big spending programs that are going at 8 a year, 7 a year over the next decade. The good news, those are programs that should be reformed anyway. Social security is the best example. We all know that in the next 15 years the Social Security trust fund goes bankrupt. If that is allowed to happen, benefits are cut 25 across the board for people in retirement. That is unthinkable. A problem that was supposed to insulate the seniors from Financial Security is producing it. Get rid of that insecurity. Blake unthinkable, unsustainable. By the way, a great decade, a great year. Dont want to end the show on top of a sour note but there is all this debt out there too. It aint going to slow down, important to note as we wrap up the new year, this new decade. Douglas, thanks for joining us. Appreciate the perspective. Coming up facebook shares higher despite incredible pressure on the company and the ceo. Mark zuckerberg, have you heard how much he made this year . A billion . Two . 10 . A lot more than that. We made usaa insurance for members like martin. An air force veteran made of doing whats right, not whats easy. 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Absolutely, it intelligently senses your movements and automatically adjusts to keep you both comfortable. So, you can really promise better sleep . Not promise. Prove. And now, during our new years special, queen sleep number c4 smart bed is only 1299, save 400, plus 0 interest for 24 months on all beds. Ends new years day. Blake action in las vegas normally takes place aboveground. Elon musk says his trafficbusting underground las vegas tunnel will be hopefully operational next year. Meanwhile tesla stock continuing to zoom way past 400 a share. Sitting there last handful of days. Now that company is delivering the first cars it has made in china. Jackie deangelis has all the details this afternoon. Hi, there, jackie. Reporter good afternoon to, you blake. Part of that move it is making first model 3 sedan deliveries from the shanghai plant in china today. China is a huge market for cars and electric vehicles in general. The price for the car 50,000 u. S. There is exemption from 10 purchase tax and government subsidy of about 3600. Now that brings the price down a little. The shanghai plant broke ground this year. As a result some of parts are deport. Musks subject line said please ignore stock price. My silly jokes on twitter. It was my actual execution and effectiveness as a company. That has been a big issue for tesla. Execution. Partially why the stock price has been so volatile this year. Reported 15 unions of the the model were delivered today. But the part that musk said a while ago, he said the target was 3,000 units a week, for the company. So well see if they can be on track for that. Also, remember, the government cleared red tape for this last week, probably, not a coincidence, given the recent trade news that we got on china, blake. Blake Jackie Deangelis in new york for us. Thank you. Status update here, despite all of the backlash that the Facebook Ceo Mark Zuckerberg has received, his personal wealth reportedly rising over 27 billion this year alone. How about that . Digital trends editor chief Jeremy Kaplan why zuck is laughing all the way to the bank. Not a bad year. I will take it, jeremy. He is doing pretty well. What you dont realize his hoodie budget is phenomenally large. It is very important to have all this money. No, seriously facebook is doing gangbusters. The company is very profitable, remains so in spite of issues weve seen this year. Just a question of both the stock market doing very well and Company Making smart moves. They have transitioned most of their ads, almost all their ads off desktop on to mobile properties. Made smart moves from the news feed to the stories feed. A lot of changes behind the scenes. They are Nimble Company to moving where ads are going. Blake not just Mark Zuckerberg. Fortune broke down number of billionaires in the u. S. 115 billionaires added 500 billion in total. Zuckerberg, 27. 3. Bill gates, 22. 7. When you look at those two, jeremy. 50 billion between them. That is 10 of wealth added among nations billionaires. In this case, about tech, that has these two doing so well . To me the question is, what are they going to do with all that money. What you have seen from a lot of billionaires a move for philanthropy, right . How will they donate the money . Where is it going . How will they help the world at large with vast profits they made. We have not heard a Big Initiative from Mark Zuckerberg towards that. He gave a little money towards new jersey schools. A little bit here and there he is sitting on piles of cash. How you help the world would be a question question for mark. Blake has the mark joined that 99 buffett pledge, no . I havent heard more plans around that. I would like to hear something more concrete. Blake zuckerberg, facebook, dealing with potentially a new headache, a data privacy law is setting in that state, residents will know what personal information a business is collecting about them. Essentially they will have their say in california and potentially all across the country, depending on the company, whether or not you want your information to be sold or not. Essentially that is the way this breaks down, right . What does this all mean . That the gist of it. Were calling it, its a californian law, but the thing to keep in mind, it impacts any company that has a website and few customers in california. Which means basically any large company. Facebook of course, google of course, but a lot of smaller companies, retail, news sites, any site that has customers. What it is saying essentially a good thing if youre using that site you have a right to know how much information is being gathered. A right to stop them from using the data, selling that data if you so choose. Thousand that part right there is the real challenge. What does that mean . It is very difficult blake a loss of revenue for a lot of these companies . Definitely an impact to revenue potentially. Blake got to be. A massive Tangled Network of advertising that goes on behind the scenes on all of these companies. Parsing through it is enormous headache for any company, small or large. Implementing changes california is asking for will be very, very challenging especially tiny window when the bills with approved and when it will start getting enforced which by the way is wednesday. Blake by the way wednesday. Short time period. Some stilts put implementation costs or Compliance Costs 50 billion over a decade. Others put it at a very fraction of all that. Well see how it shakes out, digital trend editorinchief. Thanks for joining us. Always a pleasure. Thanks for having me. Blake you think concert tickets are expensive now, a few hundred or more of that . The head of live nation is singing a much different tune. The cone certificate when you go to, open up your wallet, they say its a bargain. Turn on my tv and boom, its got all my favorite shows right there. I wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. Blake welcome back to cavuto coast to coast. New york officials are still piecing together details about an attack at a rabbis home over the weekend during hanukkah. Fox newss Jacqui Heinrich is in monsey, new york with the very latest. Jacqui . Reporter there are reports that the suspect is being investigated for a possible connection to a second stabbing in this town from last month. A man was walking into a synagogue was stabbed, left in the street. Investigators have not returned our calls or answered our questions about his connection possibly to that case, but police never made any arrests in that incident. 38yearold Grafton Thomas pleaded not guilty to five counts of attempted murder and burglary in connection with saturdays attack. He storm ad rabbis home during a hanukkah celebration, hacking five people with a machete before trying to get in a synagogue next door. One of the injured the rabbis own son. One is still in critical condition. Andrew cuomo caldomestic terrord police to increase patrols at Orthodox Community like this one. There is alarming uptick in antisemitic attacks around the state. Since december 1st, there is one attack each day, when a man in traditional clothing was punched in face in brooklyn and jewish woman walking with her child was beaten in the head with a bag. The president is calling for unity against antisemitism. The suspects family says this is not what this is about thomas has long history of Mental Illness and hospitalizations. He has no history of antisemitism, embraced in a home which respected all religions and races. He is not a member of any hate groups. The synagogue has private armed guards keeping watch over the house of worship, hoping to provide a sense of security over this very rattled community. Blake . Blake tensions raised indeed. Now to White Settlement texas where two churchgoers were killed in an attack there as well. Jeff paul with the very latest in texas. Jeff . Reporter yeah. Blake were learning more than 240 people inside of this church here at the time of the shooting. The senior minister here said had it not been for actions of a few brave members of his own congregation who pulled out their own guns to stop the suspected shooter, there could have been a lot more lives lost. Im thankful that our government has allowed us the opportunity to protect ourselves. We have a congregation of open hearted people. People. To have Something Like this happen, destroys my heart. Reporter investigators say the suspected shooter was sitting in a pew during Church Services he got up pulled out a shotgun. Those shots killed two people where volunteer security members fired back killing the shooter this lasted six seconds t was captured on the churchs live stream. Witnesses inside are trying to understand what they saw and why this all happened. We have to remember, he is a creature of god also just like we are. It was a sad thing he had to come into the congregation to hurt people. It is a sad thing we had to hurt him, but i dont have any hate for this person. He cant have hate for these people. Reporter investigators are trying to understand some sort of a motive if there is any, in this particular shooting. They have not released the suspected shooters name just yet but they do say he was a transient. He had some roots to this area. And, he also had been arrested several times in the past. Members of this church will be getting together later tonight to finish that service that was brutally interrupted yesterday during that shooting. Blake . Blake jeff paul, in White Settlement, texas. Thank you very much. Still to come on cavuto coast to coast. Donation downturn for senator Elizabeth Warren . Her campaign is asking for help. Why they said fund raise something down 30 in the fourth quarter. Just how much money they want, and they say they might need these upcoming days. Cavuto coast to coast returns 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. Blake democratic senator Elizabeth Warren, her Campaign Making a plea for donations saying that fundraising is down 30 in the fourth quarter. At least as of a few days ago, just a couple days left in the quarter obviously. To former Colorado State senator, committee to defend the president , chairman ted harvey and attorney danielle mcglocklin, if warrens momentum is gone. Ted, is it . When she came out a couple months ago with a plan to socialize the entire Health Care System and, price tag was 20 trillion, i think that took the breath away from a lot of her supporters out there. And we have a deficit right now of 24 trillion. She want to add another 20 trillion on to that . I think most of the people out there are saying that is absolutely ridiculous. People who were supporting her, and her socialist ideology, looking to other candidate saying what other options do we have out there . Blake here in washington occupied by President Trump, should note when we talk about debt and deficits, more debt and deficits added in upcoming years with the president is office but not as much as potential president warren. Nowhere near 20 trillion. Blake 14 are projection. Warren raised 17 million. The campaign a few days ago hoping for 20. If they get there would be far short of the 26 million she raised last quarter. Is that something to be concerned about . Or is it just were deep into a cycle, raising money might be tough . Matters more now than it did a week ago, a quarter ago. Were only about 40 day money means political advertising. It means outreach. You know, it means profile raising. It is obviously very important. I think what is interesting that well see Bernie Sanders look like having a record quarter raising about 26 million or so projected. So this notion that democratic voters are somehow eschewing progressive, i dont think is really true. You see it in the numbers. What may be theyre coalescing around one of the progressive options which appears at this point to be Bernie Sanders. Blake you talk about Bernie Sanders and Elizabeth Warren. The interesting thing is, terry, ted, rather, at this point with the iowa caucus, what, 30 or so days, 35 days down the loan those two have not gone after each other in iowa yet. You know that is coming at some point. That you are correct. The left is coalescing around Bernie Sanders. Elizabeth warren is going to have to do something to set herself apart, to make a difference. To do that, she will have to start attacking Bernie Sanders. I think it will be interesting to see how they, not just those two, but also Pete Buttigieg and others will start attacking each other Going Forward. What they have to worry about, their little amount of money doesnt amount to much. When you go into super tuesday, and bloomberg is coming forward with 50 billiondollars in his pocket to spend anywhere he wants, then you will have to see people really start attacking each other. That is when it will get really interesting in the democratic party. Blake that is assuming his strategy of attack super tuesday he is still relevant at that point. There is four states before that. Danielle, at that point, according to the strategy if he tries to pick things up from tuesday, woe be potentially 04, bloomberg. Right. Headwinds at beginning of of iowa caucus are important and New Hampshire. Bloomberg has huge amount of cash, far more than anyone else in the race on hand. I will say as it relates to wash on hand, Elizabeth Warren is doing better than joe biden and a number of other candidates in the race at this point. Her fundraising is down, her cash on hand is good. I wouldnt be surprised if this competition goes the way of the convention. We have clear preferences among some democratic voters for progressives, sanders, warrens. Buttigieg rising, doing we develop in iowa. We have moderates versus progressives, which is robust way to conduct a primary. There may be a attacks from one to the other. Well see those picked up by republicans which happens of course. I dont think its a bad thing that you have the competition of ideas because this is really ultimately what democracy is all about. Blake remember back in 2016 it was all of those republicans and democrats are saying, look how theyre screaming at each other. Now it will be all of these democrats. You will probably see republicans say, look at them screaming at each other. Thank you very much. Thank you, god bless. Blake 2020 president ial candidate, different one, Tulsi Gabbard warning impeachment may help President Trumps chances in 2020. Here she was. Given the reality of the situation, i do not want to see donald trump further emboldened and strengthened as he, as he will be, as the senate will exonerate trump. They will proclaim his innocence. He will take the message across the country. Unfortunately were likely to see his support grow. Blake turn it over to patrice lee onwuka. Independent womens forum. Thank you. And numbers are showing in the polls. If you look at michigan, pennsylvania, impeachment is underwater. Americans say even if i disagree with what the president did, that doesnt rise to the level of removing him from office. Tulsi gabbard recognizing, democrats have to come with something better. Some people may criticize her present vote on impeachment in the house. She was i guess taking a stand in her own right. Blake the Trump Campaign made the case their polling shows, they wont reveal the polling, their polling shows in the third districts that democrats won in 2018, that President Trump had support in those districts in 2018, that impeachment is hurting those democrats in those 30 districts. They hope that those 30 districts flip, with it the house flips. Realistic or no . Maybe. I think Tulsi Gabbard, she hinted at that, you know it is possible we may even lose the majority in the house. I think for democrats they should see that as a warning and wakeup sign. Andrew yang mentioned something similar. You cant hang your hat on impeachment without a alternative vision for america. If the house flips, democrats not only losing their opportunity to govern and prove to the American People why they were put in leadership in 2018, forget going after the senate and white house, they would be insignificant problems. Blake there are whispers here in washington that maybe democrats could control the senate. Back and forth. Blake back and forth both buildings over my shoulder are buzzing in a weeks time. When do you think nancy pelosi brings impeachment articles to the floor. She said i will not do anything until i hear from Mitch Mcconnell and the rules of senate. That is what she is saying. And she could hold on a little bit longer. Maybe she holds on through the first primary. Blake that is where i was going next. Is she going, saying, maybe, talking about, thinking let the candidates get through iowa, lets let them get through New Hampshire, let them get through super tuesday, when thinks shake out, send them over to the senate . That would be a long time down the road, she can send them whenever she pleases, that is true . Talking about pulling three or four senators pulling them off the campaign trail to be in a trial. That will just hurt them. Maybe this is a little bit of political, theater on her part. I think it would still continue to hurt democrats. Again americans are saying if this is such a priority in the house, and it was, it needed to be done to protect the 2020 elections, why is it no longer priority, needs to be rushed slowed down, now it is in the senate . I think that is realistic criticism. Blake i have to leave it there. Patrice lee onwuka, thanks for coming. Happy new year. Blake a lot of interesting stuff going on in the city . Oh, yes. Keep me very business. Blake in this town as they call it. Are your taxes going up as the ball drops . Hopefully not. A look attacks changes you do not want to miss as cavuto coast to coast rolls around. the sun is risin as the day begins time for reflectin on family and friends and hey, we got somethin just for you sniffing its a cup of your favoriiiite. loud splashing highpitched laughter dang woodchucks with geico, the savings keep on going. Just like this sequel. 15 minutes could save you 15 or more on Car Insurance. We were paying an arm and a leg for postage. I remember setting up shipstation. One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. Pick an order, print everything you need, slap the label onto the box, and its ready to go. Our costs for shipping were cut in half. Just like that. Shipstation. The 1 choice of online sellers. Go to shipstation. Com tv and get 2 months free. Blake this list kind of surprised me a little bit. When you see it, analyze, think about it, makes sense. 2019 was year of the fastfood chain . Some chains did see some megagrowth. Tracee carrasco has a deeper look into most lucrative restaurants this past year. Mcdonalds off the top. After that i dont think i would have gotten two through five, tracee. Reporter looking at numbers, blake, one thing is clear we love our fastfood here in the u. S. The top five fastfood chains in the country brought in 10 billion in sales last year. That is according to qsr magazine. Chickfila coming in at number five. The chicken chain brought in estimated 10 billion. That is average of 4. 1 million in sales at each of the 2400 locations. One distinction here, chikfila is the only chain in the the top five not included in the top 10 with the most locations. At number four, taco bell with 10. 3 billion in seas last year, with some 6500 stores. The chain averaged 1. 6 million per location. Next up, subway at 10. 8 billion in u. S. Sales last year. Averaging 420,000 in sales at each of its nearly 25,000 stores. Second place, starbucks with nearly 20 billion in u. S. Sales last year. The chains 14,000 plus cafes averaging 1. 3 million in sales. As you said, taking that top spot, mcdonalds, the golden arches, bringing in 38. 5 billion in u. S. Sales last year, spread across nearly 14,000 u. S. Stores. That is average of 2. 7 million per location. Rounding out the top 10, wendys, burger king, dunkin, dominos and panera bread. I also got to mention popeyes, since it was the year of the chicken sandwich. Not a huge boost there. Popeyes coming in at number 20, blake . Blake not a huge boost there. I gave a boost to starbucks. Im sure you did too in the morning, tracee. Reporter me too, absolutely. Blake tracee carrasco, interesting numbers. Thanks for looking at it. Forget about electric cars. Low gas prices causing more sales in trucks and suvs, looking forward will it last . Grady trimble with the latest from chicago. It looks a little chilly out there. Reporter hey, blake. It is cold out here. Were in indiana, 30 minutes outside of chicago where gas prices are a lot cheaper. You see below the National Average which is 2. 58 per gallon. The national as average has been below 3 a gallon past five years. They have been happy to buy suvs and trucks and because of low gas prices they are gotten more fuel efficient. Edmunds. Com, car buying and selling point, that. Suvs make up truck sales, 19 highest before the recession. Automakers are happy to make more of the cars. They are actually making them bigger as well. Youre not going crazy if you see cars on the street and think theyre getting larger in size. 2021 chevy tahoe, for example, it will be almost seven inches bigger than just the 2020 model. Many cars have grown 15 to 20 inches since they first came out. Suvs that came out in 99, 2,000, theyre up to 15, 20 inches bigger. They are getting bigger. These are big profit puppies for the automakers. So theyre happy to make them compared to smaller cars which theyre kind of phasing out. Theyre also investing billions of dollars into electric though. It will be interesting to see which one wins out long term. Blake . Blake it is an interesting question because you see gas prices as low as they are, grady, you see tesla pumping out vehicles like it is. Its stock going of above the 400 level. You have got to wonder, who wins out . And you also have general motors, for example, that foresees all electric future, even though making money off the suvs. Ford also released that the mustang suv earlier this year, that is all electric. Theyre all trying to get a little bit of everything i guess. Blake we should note, the highest state with gas prices according to aaa, u. S. Right now, california, 3. 56. Whereby the way you see a lot of electric vehicles. Grady trimble in indiana. Thank you. Six weeks from the caucuses in iowa. 2020 democrats racing for momentum. Coming up next hour, karl rove. Who does he think could be the sleeper in all of this . I tell you it is one of the four on the screen but which one might surprise you. In my line of work, i come face to face with a lot of behinds. So i know theres a big need for gasx maximum strength. It works fast. Relieving pressure, bloating, and discomfort before you know it. So no one needs to know youve got gas. Gasx so no one needs to know youve got gas. [ drathis holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah some people say thats ridiculous. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Blake holiday sales increasing this year. Its a good thing all across the board, people buying, spending money, people getting gifts, what is not to like . But there could be a boomerang with it all as retailers grappling with record 100 billion in returns. Well have a little more on that in a bit. First a look at changes coming into the tax law, coming into the new year regarding all those tax laws out there. Remember here in washington a couple years ago there was the big tax bill. Every year we normally see a tax change and this year is no different. Property tax reduction consultant president sean acosta on breaks you can get in 2020. Hi, there, sean. How are you today . Happy new year. Blake happy new year to you. Is there thing across the board or state to state thing . Right now, state to state income taxes. Property taxes are a very big deal. The thing i want to tell people now, fill out your w4 correctly. Check sure about dependents, put correct amount. Dont put too many down, you put correct amount, otherwise you have to pay taxes at the end of the year. Blake the w4 was changed, what i referenced was the tax bill that president , republicans passed here in washington in 2017. Last year was sort of a hybrid year. This year it has to be squared away. If you havent changed it before, i guess it is your responsibility. Now your employers responsibility to make sure thats done, right. Thats correct. It is your responsibility, so you might want to check what you did last year, what youre doing this year. It is like, everything else. Your taxes, you have to check every single year, make sure your w4 form is correct also. You got to make sure dependents is correct. Biggest thing here too, we all pay property taxes. Make sure your property taxes paying fair share of property taxes, check that every single year. Blake salt cap is still there, right. . Salt cap is still there. Then thousand dollars on the property taxes. You definitely want to make sure you pay your fair share. Right now im seeing houses with value over, their property tax have value over 10,000, theyre coming down in prices. Getting very hard to sell these houses now. Blake where are you seeing that . Because house prices have been steadily increasing for the most part . Correct. But that is lower end houses. Houses that have a tax bill under 10,000. You know, there is a lot of states that the tax bills are under. A lot of states have a tax bill over. Anybody, youre talking about connecticut, california, texas, new jersey. You know, some of these tax bills are outrageous, you know. That is how they raise the revenue for all the police and firemen and teachers. Blake i think, i think youre in new york, last question for you. We saw someone change their residence from new york to florida this year, that being the president and the first lady. Correct. Blake it was a highprofile move. How much is happening where you are, what youre seeing, what are you advising people to do . I know you cant advise to change their livelihood . The president did it. No state income tax down in florida. People retire to florida because there is no state income tax. You know, and it saves a lot of money. People who are on fixed income, its a great thing for them to do. Blake sean acosta, have to leave it there. A property tax reduction consultant, president and founder. Happy new year to you. Happy new year. Blake have fun dealing with all the tax stuff. Thanks very much. Happy new year. Blake see you. As we look toward the new year, 2020, white house policy goals, what exactly are they . How many of them are there . I will have those answers coming up. E. So get allstate and be better protected from mayhem, like meow. Welcome back to kanye west suit o coast to coast im blake burman in for neil cavuto. Stocks are down today but it has been a record decade for stocks if you bought 10 years ago and looked up pretty now youd be pretty happy. Taking a look at the decades biggest dow winners United Health and apple up over 800 , visa, home depot and boeing all seeing gains over 500 , so, what about Going Forward . Well all of this continues, to a gf chief u. S. Policy strategist greg valier, john tamney, and real clear top picks associate editor ab stoddard, on where this bull run goes, happy new year and thanks for coming in. John lets start with you. When you look at those stocks its basically everything. Retail, housing, caltech its just a good decade what do you see Going Forward . Well the natural direction for basically free people is for them to progress and keep going so as i see it, the more washington stays divided actually the more they are talking about impeachment in both sides are unhappy with each other the least likely they can impose legislation that is usually what leads to the arrest of a bull market so basically the less we see from washington the more well see of this, i think. Do you buy that . I love the honesty, its true. Right now, the trump adminitration needs this bull run to keep going all through next year, and they need a do no harm strategy. The president has given us long term risk in his efforts to sure up the economy in the shortterm but we can expect washington to stay divided and its true that this is for the market, you really hope that big change isnt coming and we certainly know thats impossible right now do they need it, greg to continue this bull run or does the trump adminitration just need it to stay in range so when hes campaigning in august, september, october, november its somewhere around maybe not 28 but the dow is at 27 or 26 you can still go up and say 40 . I think theres one big difference coming up in 2020 that we didnt see in 2019. We got three rate cuts from the fed in 2019. You could argue the last one wasnt even necessary, and are we going will be on the sidelines and we wont provide that life preserver we got in past year. But except if you look throughout economic history based on rate cuts japan would have a stock market that would be at levels unseen before. We would have seen the same thing in europe. The fed quite simply is not that consequential. It projects its overstated influence through a Banking System thats not relevant to growth. Banks have to go through the real things but when you look at the companies there the ones that took the market up the highest Companies Like apple when they were bankruptcy 20 years ago, this is not a federal it but a rally of companies that again 20 years ago, either didnt exist or were down and out. One of the things that has been arguably the headline this year financially and politically is china and china trade, and the white house trade advisor Peter Navarro telling fox news signing of a phase i china deal within the upcoming days here. Watch. When will we see the actual details of that . As quickly as possible. If you want to know what it is, just so you know what it is youve got intellectual property theft in detail from the may agreement, youve got a good start on forced technology transfer, good language on currency manipulation, which is a big deal, youve got access, Financial Market access in china weve been hearing from the administrations in this deal, its this, this, this and that. You havent seen it, i havent seen it. Youre throwing up your hands, greg. Devils in details, no . Like we got to see this at some point. Weve seen the criticism of the phase i deal and a lot of praise from the administration but not from Senate Republicans people who are the most concerned, people like Senate FinanceCommittee ChairmanChuck Grassley who a few months ago said weve come too far and given up too much to not have a fully enforceable and fair deal for the American People with china, so i think that its too early to celebrate it. We have to know what it is and well have to see what the effects are. I would add were close to a trade war with western europe as well. It capote come in 2020 with the eu. Weve got an all clear now on trade. I think thats a little premature. One thing that when i heard it raised the red flag a little bit, john, was when there was this potential deal earlier this year in april and may the administration was talking about 120, 130, 140 page, Peter Navarro said today it was 86, the u. S. Clearly, this is phase i is a slimmed down version of whatever they were talking about earlier this year. Well you know the first thing that i would say is that the trump adminitration wants the rally to continue. It should make sure that Peter Navarro is not on tv. He is the biggest danger to any kind of rally because the idea that you need governments to control or manage or write 86 Page Communications or rules about how trade should take place is laughable. China is a huge market for u. S. Companies, apple is one of the biggest rallies over the past 10 years, and sells a fifth of its iphone, boeing sells a quarter of its planes. We engage with china in a negative way at the peril of major growth. But take Peter Navarro as the messenger out of this for a second because he aligns with the president and weve seen what the president has done, which is increase tariffs, time and time again, over 2019 so if you think Peter Navarro going on tv is a bad thing you think the president s policy this year then has been a bad thing because hes in lockstep with the president on this. Well thats probably where i would disagree with greg and i dont think this was a federal it. I think this was a relief rally from the markets that while the trump adminitration talked a big game about trade and imposing all of these barriers on other countries, what weve seen is as you a lewd, its an 86 page which is a signal from the administration that all the bluster, its not going to get and thank goodness, so i think this was more relief that all of these attempts to take down china just arent going to happen. A. B. , i pinged the white house to say its going to be 2020 in a few days what do you want to accomplish in the upcoming year and what i was told was get the usmca done in the senate, Prescription Drug and surprise medical billing tackle that here is some on the screen, get more judges confirm ed, more appointments, and take care of regular spending bills. Usmca by all intense and purposes is done. Theyve been confirming judges and appointments for three years now and the administration holds that up but when you look at that graphic there, not much in 2020. I think it reflects the reality there is going to be impeachment and an election. Right. It was interesting because Vice President pence told the governors three quarters back there would be infrastructure this year which is a very ambitious promise. And the president said theres nothing easier to do than infrastructure. Right and we know thats now impossible, all along because he didnt make it the First Priority out of the gate. The problem with Prescription Drugs is its very bipartisan and both the democrats have it as a Campaign Priority as well as President Trump. President trump is basically backed off of making a legislative deal on it because he has intraparty conflict on the republican side who believes it is price control and on the democratic side they have puritieses on the left saying every drug under the sun has to be part of the package so they dont think its good enough in either party so what he can do with executive order is sort of optics to sell change to peore e worst anxiety if you go to focus groups and Campaign Events this is across the board the worst anxiety for voters, and i dont think they are going to see Material Change by the end of the year. Surprise medical billing might be pushed over the line along with something else. Theres been a lot of bipartisan push on that, senator alexander has been genuinely hard at work on that but this thing on drug pricing is going to be illusive. Theres one other part of the narrative i might raise and you might disagree as well as the fed. The Staggering Amount of fiscal stimulus. 1. 4 trillion average for the next decade. The employment and economy, so this fiscal stimulus whether its building a wall, more money on defense and more money for pelosi and domestic spending acrosstheboard the fiscal stimulus in the short run is stimulative and in the long term we got to worry about financing debt but in the next year its a plus. The administration is a Republican Administration and theres debt on debt on debt that took control of a Democratic Administration that stockpiled debt on debt on debt real quick. Politicians exist, why should we be surprised by this. I would disagree with greg. The damage is immediate. Nancy pelosi, who would you rather allocate precious resources, jeff bezos, phil knight and someone like bill gates or nancy pelosi and Kevin Mccarthy and Mitch Mcconnell. We know the answer, when government spends, its not about the debt or surplus its the amount of dollars, extra control for goverver t economy is bad for growth. One thing we can guarantee, coming up over the new year that clock you see at 21. 1 trillion going to increase. Guys stick around. Still to come, coming up on cavuto coast to coast is washington d. C. To blame for new york cities homeless crisis . Why bill deblasio, that citys mayor is pinning the problem, at least part of it on the federal government and what he had to say about the president , thats coming up. When it comes to using data, everyone is different. Which is why Xfinity Mobile is a different kind of Wireless Network that lets you design your own data. Choose unlimited, shared data, or mix lines of each and switch any line, anytime. Giving you more choice and control compared to other top wireless carriers. Save up to 400 a year when you switch. Plus, unwrap 250 off a new samsung phone. Click, call or visit a store today. Its our most dangerous addiction. So we took our worst vice, and turned it into the dna for a better system. We created bionic and put the word out with godaddy. What will you change . Make the world you want. Here is the problem with washington, and this is not just donald trump. Its every administration over years and years and years but the problem ultimately is donald trump has not shown any willingness to give us the tools we need, most especially section 8 vouchers which allow people to live in rental housing thats the single strongest piece we need from washington. That of course new york city mayor bill deblasio speaking over the weekend to foxs ed henry blaming washington d. C. , the mayor is, for the big apple s homeless crisis. Lets bring in Central Park Civic Association president mike fisher on whose to blame and more importantly how you can fix this. The panel is there as well. Mike when you hear bill deblasio , the new york city mayor that washington is a problem and then blame the president for whats going on with the homeless crisis in new york city, you say what . It gets me so sick of hear ing everybody doing the blame game. Its really pathetic. How can you blame the president for that . The president has actually tipped his handout there and said hey, were willing to help you out so instead of playing the blame game lets get the two of them together, republican and democrat and actually try to do something productive and move forward on this and help the homeless. Hes saying that the president could help out the federal government in turn could help out with section 8 vouchers which would allow the homeless to take those and move into housing and he says the trump adminitration hasnt been as forthcoming with those section 8 vouchers as necessary. Well i dont think this section 8 vouchers are what the big problem is in the city right now. Right now, we have quite a bit of mentally ill Homeless People living on the streets and need help and the city has done absolutely nothing to do, too try to help them. In the mayors first term he did nothing to help the Homeless People and in a second term hes doing what i call kicking the can down the road. How do you fix it because at the end of the day, i think Everyone Wants to fix this problem so the question is how do you fix it . Number one stop playing the blame game, number two the mayor has to take responsibility and admit that he messed up his first term and didnt do anything about it and here is the second term, he has an opportunity to do something, number one they have to come up with the program to help the homeless on the streets. The Homeless Population on the streets is just growing so fast, and unless they come up with a program to get these people off the streets into rehabilitation and help them out, once they are helped out, get them into training, get them into jobs, and get them into Affordable Housing youre never going to resolve this problem and how do we do this . My suggestion is lets move forward and be positive and get the mayor, lets get the president together, lets sit in the room, and bang this out and come up with a strategy and move forward and show that the republicans and democrats can Work Together and stop hurting the Homeless People by not doing anything to help them out. Stay there for a second i want to bring greg, john, and a. B. Is there anything the federal government can do to help out with the problem that seems to be a local problem in new york city, although they are all over the country. Yeah where its really on the rise, i think that hes right, that this needs to be some kind of collaborative effort to bring stakeholders together and it has a lot to do with rising drug epidemic addiction epidemic, and a lot to do with housing issues depending on the city, San Francisco is a terrible example where very few people can afford to live so it does trickle down to be a reason for the homeless sector there, its just going to take collaboration like he said and i do think theres going to but at the housing is necessary, but that has to be balanced with other things and you cant make it a democratic, i dont see anyone in either Party Running for president in however long addressing this issue no one wants to take it on, so it would really have to be a lot of consensus coming out of pain from both sides. Greg, john . I think it could get even worse because one of the big demographic stories in america is this exodus out of the new york city area to florida, to nashville, to charlotte. You see this huge group of people leaving because the infrastructure is bad, the taxes are high, crime is high and i think it could get even worse before it gets better. For one i dont see the role for the federal government here. This is a classic example where shes cities should compete but if you want to know the quick and flip answer dont be so prosperous because you dont hear about homeless going to jackson, mississippi and charleston, West Virginia but going to places like seattle, new york. The thing with the biggest rise was new mexico so it is outside of these big metropolitan areas as well. But in general you look at a city like seattle, lots of homeless, you want to guess how many probably were in the 1970s when seattle was detroit . Probably not as many but to some degree this is a consequence. Austin texas used to be a college town and now its a major homeless problem. Mike to bring you in here for a second when you look at the numbers in new york, the housing and urban Development Just last week put out homeless ness numbers for states all across the country. I know bill deblasio isnt the governor of new york. Hes the mayor of new york city, but new york city is a huge portion of it. Since bill deblasio has been the mayor in new york city, new york state the homelessness rate has increased by 14. 3 . Do you lay that all at the feet of bill deblasio or is he just one part of the puzzle here . Im the kind of person, i dont like, i dont want to play the blame games any more. I just want to get results and i think that we have to Work Together to resolve this issue. Theres too much blaming going on. I think that you have to blame the politicians for not taking the actions that are necessary to correct this challenge that we have, but we just need to move forward on this. I dont think its that difficult to resolve. I bet if we put together a good Solid Program and work with the federal government, where they can help us out i bet you can resolve a big percentage of this homeless issue. I really do. Mike we got to leave it there that of course is the hope for many is just find a way figure it out. Its Touching Every part. Mike fisher got to leave it there happy new year to you, sir happy new year. So is this the year of the big ipo . Or was it a year of big disappointment . What went wrong after this. 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. Well it was a bad month in october for pending home sales but the november numbers just came out and a bit of a rebound there in creasing 1. 2 , contract signings yearoveryear are up 7. 4 according to the numbers here for the National Association of realtors and a lot of the big gains were out west. Moving ahead we are learning the Justice Department may challenge Liberty Medias acquisition of iheartmedia cit ing antitrust concerns. Deirdre bolton has the latest from the New York Stock Exchange big one there. Reporter so its Malone Liberty media and its idea, its plans if you like to buy iheartradio and youre exactly right all about antitrust concerns that is what could block this deal so Liberty Media just as a reminder already controls satellite radio giant s irius xm, also streaming Music Service pandora and it is the u. S. largest radio owner 858 broadcast stations, and 100 in new york for those who are local here so basically the concern is that just gives too much power to one media group, and sources saying the timing of this, more details will be known in january , or february. And that at least Liberty Malone will go through in trying to push for the based on what the company gets back as far as feedback from the lawyers focusing on companies that already went through a different transition want to show you the best and the worst of the companies that went from being private companies to being Public Companies this year, and so a lot of the ipos have failed another way to say it uber if you like, falling from its valuation after we went public, and competitor lyft the same sort of fate as well in fact both of those companies together have lost about 40 billion in value, since going public, and we work, as we know, lost 40 billion in value before its ipo, which ended up being pulled and peloton is another one, pinterest, lower than their offering price, i think we can call both of those pretty much scratch. Two recent healthcare ipos up more than 200 , Garden Health and alternative food company, beyond meat, three times its listing price, so listed at 25 now trading as people can see on their screens, basically around 75 a share, so one simple rule a lot of analysts say for investors if youve been interested on following the ipo market is just evaluate those companies the old fashion way. Make sure that in addition to sales that the company also has profits or a clear path to profitability. So with the old is new again if you like, blake. Back to you. Profits what a concept right , deirdre . There you go. Deirdre bolton on the floor of the New York Stock Exchange, thank you. So did you hear about this one . Oh, god i hope it does. I hope it does. Let her go. Let her go. Okay . Thats a heckler chanting quid pro joe in New Hampshire but if not joe in 2020 then who . Karl rove says there could be a surprise victory and why it could come in iowa. hey there im lonnie from lonnies lumber. If you need lumber wood, lonnies is better than good. We got oak, cherry, walnut, and more. And we also have the best selection of plywood clattering in the state. Hey highpitched laughter man dang woodchucks wood clattering stop chuckin that wood with geico, the savings keep on going. Just like this sequel. 15 minutes could save you 15 or more on Car Insurance. Would you comply with a subpoena . No, i will not yield to what everybody is looking for here. I would obey any subpoena that was sent to me. So joe biden over the weekend trying to clarify this subpoena comments, but should he testify if it gets to that point in a Senate Impeachment trial . The former bush 43 deputy chief of staff, karl rove and the panel is here with us as well, well get to them in a second carl hello, how are you . Happy new year, blake. Happy new year to you. So there are a few things we just played that clip from early december where joe biden said that he wouldnt testify he then appear before the Des Moines RegisterEditorial Board a couple years ago and that said the same thing and then joe biden walked it back over the weekend. Why do you think he did so . I dont know if id say walked it back. I think he flip flopped it back because it was the wrong thing to say. He cant attack the president for refusing to comply with a subpoena from congress, even though its legitimate the president a setters executive privilege but he couldnt criticize him for not doing that for not accepting the subpoena if hes not going to accept the subpoena, so i think he did the right thing. He talked himself into a problem that he didnt need to talk himself into and hes now talked his way out of it. Do you think he will have to go to the hill to testify . Well i dont know, but i wrote in my wall street journal column that i didnt think the republicans should try and call hi whatsoever to do with the articles of impeachment and it gives hunter biden and joe biden a chance to become sympathetic figures. We already know that hunter biden did a bad thing and we also know that joe biden was ignorant of the conflict, the appearance of in propriety by being the u. S. Official in charge of lecturing the ukraine on corruption issues when his son was participating in a deal by serving on the board of a Ukraine Company that was under investigation for corruption, so we dont need to hear any more. That has nothing to do with the president s impeachment by the house, and frankly gives them a chance to hunter biden could say that ive made a big mistake and biden, joe biden could say my son will never do anything like that if im elected president , were a country that believes in Second Chances and so why give them a Second Chance to set things right . I want to get to your iowa 2020 thoughts but to bring it back to the panel real quick, i agree, i dont think itll get to that point. I dont think joe biden is going to have to testify in a Senate Impeachment trial am i wrong . Its been very clear that Senate LeadersLindsey Graham head of the judiciary committee, senator mcconnell they have no stomach for bringing the bidens up to the Senate Chamber or for taped depositions but what karl is saying which is it would boomerang on the president but has nothing to do with what got him impeached. Do you think it has nothing to do with it or they dont stomach bringing that up. It likely could boomerang but they dont want to do that to joe biden or anyone in his family. Hunter biden is an addict with a very troubled life and Mitch Mcconnell was that joe bidens funeral its very tough stuff for them. Id just say that Mitch Mcconnell does not want a specatacle. Maybe donald trump would like one but i think that mcconnell would like to dispose of this as quickly and painlessly as possible. Carl 2020 iowa, you say youve got a surprise victory potential that being Elizabeth Warren. Shes running fourth there according to the real clear politics average right now. You think the surprise is her getting eventually pulling it out there or just overachieving . Well i said shes got a shot at it this was a couple of weeks ago. She has the best organization on the ground but lets remember. Iowa likes surprises. And iowa also doesnt necessarily pick the eventual nominee in Mike Huckabee won the republican primary in one election, ted cruz won it last time, and on the democratic side the surprise tends to be somebody who like barack obama is at singledigits or john kerry in late november or early december, wins it in february so the democrats have a little bit more flexibility. The key thing about iowa is i suspect we will have at least three, and maybe four candidates who hit the 50 threshold that means they get delegates so relatively small pool of delegates gets split up among candidates who get 15 in Congressional District or statewide and as a result i think whats going to come out of iowa for the democrats is a first, second, third and fourth place where the difference in delegates matters between the top and bottom may be as little as two or three or four separating the number one finish finisher from the number four finisher when it comes to the delegate total. John i know you absolutely love senator Elizabeth Warren and her policy. [laughter] you look at whats the dow down 120 today i imagine itll be up 120 if she won iowa because it doesnt make the democrats appear not very competitive going into the 2020 election and one thing that the markets love about trump is again he is antiwashington which means he cant get anything done. Thats great comfort for the markets, warren mike work with washington in ways that the would scare investors. Karl, can we throw up that full screen of iowa now, Pete Buttigieg, Bernie Sanders, joe biden, Elizabeth Warren, in that order you think those are the final four since you mentioned four that could bunch altogether or is there someone else . Yeah, i do the question is what order are they going to be in but no, corey booker, you know, maybe Amy Klobuchar and maybe the Northern District that borders minnesota gets maybe more than 15 but no, i think were likely to see the top four finisher there and look those are the difference. Theres a 6point difference between the top and bottom of that. All four of those would get delegates and again, the difference in the number of delegates could be as little between the first place finisher and the fourth place finisher could be as little as three or four delegates. Karl rove got to leave it there. Happy new year. Same to you. Great panel there. Ill tell them you said to thanks, karl. So, you hate when Companies Sell your personal information, do you . Do you even know that they do it sometimes . Well it all could be coming to an end, potentially here in just a couple of days have you gotten these emails yet . Maybe you have. Details on the new law taking effect in the new year coming up and be sure to check the fox business invested in you, town hall january 22, 2 00 p. M. Eastern, a lot of folks are going to be there. As a struggling actor, i need all the breaks that i can get. At liberty butchumal cut. 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. Introducing new Vicks Vapopatch easy to wear, with soothing vicks vapors for her, for you, for the whole family. New Vicks Vapopatch. Breathe easy. Rowithout the Commission Fees and account minimums. So, you can start investing wherever you are even on the bus. Download now and get your first stock on us. Robinhood. Some good news for about a million and a half workers all across the country who are now set to qualify for overtime pay at least once the new year starts. Susan li has the details on this one. Susan . First the Major Overhaul to the federal overtime law in 15 year, so the thresholds have now been raised, and anyone that makes less than 36,000 a year will now be entitled to overtime pay of time and a half for any hours worked after 40 per week. So that means 1. 3 million americans are now entitled to overtime pay, obviously salaries are different, each states will be expense ever ones line california and new york that threshold salary will have to be higher, Washington State will set a threshold of 83,000 by the year 2028 and they say that will entitle more than a quarter million more workers to overtime pay, because pennsylvania also concerning raising their overtime salary threshold to 45,000 a year in two years time michigan others pondering as well and paying overtime is also by the way necessary in order to keep an attract workers in a best jobs market. Unemployment hitting a half century low last month and wage gains are now catching up with the bottom 25 wage earners now seeing their wages gain faster than the top 25 wage earners in november, first time thats happened by the way in a decade and with more than 1 million Jobs Available than those looking for work in america, that means that those without a College Degree seeing a drop in the jobless rate from close to 8 three years ago down to 5. 3 last month, College Educated historically much lower jobless rates down to 2 as well in november, now as the u. S. Continues the longest economic expansion on record, stock markets on track for the best year in 20, blake that means wage earners and even those with lower skills are actually benefiting in what they are calling trump economy back to you. Susan li in new york thank you. So she just talked about there low earning americans are seeing biggest wage gains in a decade up 4. 5 from a year ago. That according to the Federal Reserve bank of atlanta. To making money host Charles Payne, hi there, charles what do you make of this . Obviously got to love that number that you see on the screen. Charles yeah, i do, blake but ive been talking about this for a year and i follow every month the bureau of labor Statistics Data and which was interesting if you go back to september 2018 , nonsupervisory workers Blue Collar Workers their wage gains were faster than that of overall wages, and thats been that way 13 of the last 14 months and this is not a brand new phenomenon, and not quarterly but it has been happening and its absolutely remarkable and if you look at whether its the Michigan Sentiment number or the Conference Board conference number when they zero in on the wage groups and they usually go by the bottom third, middle third and upper third, its been the bottom third that has been the most enthusiast ink about this economy, about this market, and i think that its only going to get better. Susan talked about the lack of skill labor out there, and theres hard skills and soft skills and if you look at some of these surveys of these businesses, a lot of businesses are saying hey well take someone that shows up in the morning and stays all the way through the afternoon. I mean its that type of a labor market, and as a consequence people are starting to get wage increases they havent seen in a long time. You mentioned non supervisory wages the Labor Department said last month it was at 23. 80. The Labor Department set them aside but 29 states have increased minimum wage above the federal level. Another 21 are going to increase it in 2020 could that possibly be part of the reason as to why were seeing wages rise and if so, can you say raising it has been a good thing . No because thats less than 2 of overall workers. Were talking about millions of workers. Were talking about transportation workers and in fact those kind of workers if you look at the monthly data, thats been the weakest area. Retail jobs are selling off. I think in 2019 were getting a net loss of full time retail jobs so thats where those kind of gains are coming in, leisure is the lowestpaying job category out there, followed closely by retail. Those folks are leaving those jobs going to transportation and warehouse jobs, the amazon economy, you build these things up, its really remarkable, so i would say definitely not. This is something a lot, lot bigger than that. Why isnt this translating for the president . Hes going to be in a fight to keep his job, you would think in an economy like this with number s like this, it would be a little easier. Charles according to moodys, oxford economics, and another economic study out there, President Trump and one of them said he would steam roll the democratic opponent. I gave up on polls and thats what i use polls for, direction. I think they are good for directional changes but im not so sure President Trump wins in a landslide right now. Charles real quickly the economic story of 2020 is what . Charles two things that shift. Two head wins winds become tailwinds greater business investment, and oil structures im worried about that but ip spending, equipment spending will go through the roof. Also, household formation,ighest permit in 13 years the housing industry sees something i think millennials are forming households those are going to be two components to the economy we didnt see this year and thats why i think will cross 3 gdp in 2020. You bought a concert ticket recently . I have. Do you know what this month im going to three plays and two concerts. You know the thing about concert tickets . Its crazy. Yeah. They say that its not necessarily a bargain, but that it might be the best thing going out there. Its an interesting story, some comments that they made, well get into this coming up here on cavuto coast to coast well be tuning into 15 minutes from now charles good to talk to you as always thank you so those concert tickets that i mentioned are they too expensive, or are they not expensive enough . What the head of the largest ticket selling service is saying and this one might have you saying no, no, no, that aint right. Everything your trip needs for everyone you love. Expedia. For everyone you love. Whor here on a wifi hotspot,te Xfinity Mobile has more coverage to keep you connected to what matters most. Moooo. Thats because its the only Wireless Network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. Save up to 400 a year when you switch. Plus, unwrap 250 off our best phones. Click, call or visit a store today. Baby we were born to run born to pay too apparently because concert tickets are set to become even more expensive as the ceo of live nation says that current prices are too cheap and that increasing prices get this one, is a huge opportunity to its bottom line. Makes sense i guess. Back now with our panel, when you hear the concert tickets are too cheap i think most people would say nope. Nope. Nope. Not the last one i bought. Its just what the market will bear. I think a lot of airplane tickets are too cheap. I can tell you as a mother of teenagers when they go on the wrong website and find out theyve been had by a hoax, it really adds up. The tickets . Yeah. The third party site. Thats part of the argument that live nation is making is that so much, so many people are making off of resale, that if they could bring up the prices on the main, you know, point of purchase, that it would essentially drive ticket prices down, i dont know. The complaint years ago was that music was becoming too cheap and people were stealing it but what it led to was more interest in concerts so i think a. B. Is rightist what the price of something is what people pay for if they want this. But everywhere youre starting to see things creep up Like Washington nationals tickets things like that, ballgames, just to followup on what charles said earlier i think inflation may surprise to the upside in 2020 and the economy may surprise to the up side, and maybe Interest Rates get to the upside as well. Everything is more expense ever. Its interesting you say that because part of the argument from live nation is the bang for your buck and the question is the average ticket when you take the top 100 world tours the average ticket was 96. Would i rather spend the 96 on average on a concert ticket or go to the nats game, maybe take wife and two kids you could probably get in for 96. It just depends i dont want to go to a concert but id go to a game it just depends on the age and how passionate you are about the artist but if they sense an opportunity i have a feeling they will take it. Most people are like spend more on concerts and they are like its already too expensive but speaking of more, less is more in this one because theres new law coming out in california where shoppers can opt out of Companies Selling their personal data. You know, sometimes your information is given over, Companies Sell it in california and thats not the case come 2020. John . Businesses are going to spend a lot of money i see you shaking your head already. Im reminded of the restaurants in the Old Soviet Union that the menus were decade s old quite literally and what was on them was irrelevant. They didnt care. People who dislike the selling of their information do not want to live in a world in which businesses dont. Thats just businesses ways of learning more about you so they can meet your needs. That is the Great Service were talking about. I want them to know everything about me and also facebook is costly, because they know about me. If theres one politician who gets it and talks about it its andrew yang. I dont think he will be the nominee in 2020 but i think more and more young people are concerned about. I wonder with this story so ive been getting emails about your privacy and your privacy on this site has changed and i havent read a thing until i just realized today oh, this is probably what that email is that im getting. I wonder how many people know that you could just opt out and say no i dont want to give you my information too bad. Well i disagree with john that the problem is people dont know the products and they think that they are the customer on social media platforms and they are giving all their data and they have no idea, and this is going to raise awareness about what that means and i think that its true it allows companies to market their products better to you but overall, i think that these companies have a long running start to do this and to say whats going to come and itll happen slowly, but i think its a good thing. Blake i guess the question is now with california doing this like what we saw with california and the paying of mca athletes and other states jumped on that now are the other states going to jump on this as well. Well see how this goes. Speaking of product there is the movie cats. It is reportedly headed for a 100 million loss in the box office, just after two weeks after two weeks here, worldwide its only sold 36 million. They spent 100 million to make this thing, and about 100 million to market distribute it and its going to be calendar to industry insiders a loss of about that. I admittedly do not watch movies i couldnt tell you who was in it until i saw taylor swift was in it and im not going to bust your source but you had someone describe it as appalling who saw this movie. Im guessing thats what people think. That would be my wife. Then you put your wife on the spot. [laughter] but then this isnt doing well and its a classic that is again losing a lot of money. It was meant to be in the theatre. Just say there . Yes. Better to know when to quit. Its a reminder people say big business kind of controls what we do and they can force things on us through advertising no they cant. Critics savaged this and American Consumers are savvy too blake its universal itll take 100 million hit but i guess they can sustain that it is universal. Its just embarrassing right . They syndicate the cost i imagine a lot of people own that 100 million. Blake im sure they do. Split the spy but its a big pie got to leave it there, the dow as we continue to watch when we started this hour or two hours ago it was about 140 down now its about 120 down well continue to deep our eyes but still its on pace for its best year since 2017 so what will 2020 bring . I think we have you next and if we dont, thank you. If we have you next, great. Well leave it there. More cavuto coast to coast. Blake netflix says its original movies and shows topped all of 2019 releases on its service. That stock is up 21 for the year. A little down today but been a great year, great decade for netflix. Stocks lower to begin the last trading week of 2019. It has been a record decade for stocks. Take a look at some of the biggest winners over the last 10 years. Unitedhealth and apple both up over 800 . As we bring in Charles Payne once again as he starts his show, apple and unitedhealthcare up 800 . Back to netflix for a second, up 4081 over the last decade. Best performing stock for the nasdaq. What a run for the stock. What a run for the market in general. A little bit after down day. Well take it on the whole. Charles payne probably in and out of netflix at some point. Hopefully you still have it. Charles a million times, a million times blake. By the way i still like it. Im Charles Payne. This is making money. Stocks are in the red as to blakes point closes out an aamazing decade. They saw early profittaking. The main characteristic of resolve is showing again. Buyers erasing half the loss buying a dip. I hope most making money viewers learned not to panic. I understand the Financial Media has been a fear machine. From pounding the table on recession to daily scuttlebutt on china trade talks. They are my