year? plus shockwaves from d.c. to hollywood. the latest details on disturbing allegations of sexual misconduct made by a republican senate candidate, coming a month before election day. and comedian louis c.k. responding to his accusers saying their stories are true. more on the reaction and the fallout. among our guests this hour, "tmz"'s harvey levin, north carolina congressman, robert pittenger. dr. devi, from the nyu medical school. steve forbes with us as well. melissa: the dow continues to sink, ending longest weekly winning streak in four years. nicole petallides, on floor of new york stock exchange. and nicole, been a wild week for markets. i can't believe they're loving the tax plans down there? >> that is exactly right. that really brought a little bit of uncertainty. we talked about delaying obviously tax reform. that spooked the market a little bit. i will say they are still optimistic big picture. they are still liking fundamentals of earnings. as you noted, we did snap recent winning streak we had seen. the dow and s&p, each have been eight consecutive weeks of the nasdaq composites up six consecutive weeks. it did miss the mark as we go into the closing bell. you can see for the week to the downside. also we have had movers throughout the week. winners, disney, proctor & gamble, and some losers were verizon, jpmorgan and american express. big news we did have on disney versus netflix. disney came out on quarterly numbers we discussed on "after the bell" yesterday but despite some tough financial results, it was all about bob iger and talking about streaming, making that commitment their highest priority and want to take on netflix which recently had a price increase. they want a streaming plan substantially below that of netflix price. they're trying to make something better and take on netflix going forward. have a nice weekend. melissa: you too, nicole, thank you. david: take a look at oil, a lot of stuff interfering with the oil market. it is down for the day, up for 2%. this is the fifth straight week, near a 2:00-year high, gaining on concerns about growing middle east tensions between saudi arabia and iran among others. saudi arabia's internal crackdown that led to the detention of 201 princes businessmen, government officials, a whole lot of folks. after a three-year investigation the kingdom estimates $100 billion of state funds has been embezzled. melissa: amazing. david: gold is down today as well but ending slightly higher for the week, snapping a three-week losing streak. melissa. melissa: two different visions for american taxpayers. senate republicans unveiling their version of the gop tax plan as the how the set to vote on very different bell next week. both chambers feeling the heat to get one unified bill to the president by christmas. here is robert pittenger, congressman from noter darrell line, house financial services committee member. a lot of differences between what you guys put forth and what the senate is looking at. what are you encouraged? >> i think we're closer together than a year ago, frankly where our economy is. we have been stagnant in our growth because we've been burdened down with a tax burden that is restricted expansion of our economy and expansion of the corporate, corporation and small businesses. so we're much, we're close. we're going to fight over details. melissa: you talk about growth. i mean pro-growth is what this tax code change was supposed to be all about. some of the most disturbing things in the face of that, on the senate side is, delaying the corporate tax rate cut. i moan, would you budge on that? is that a deal-killer for you? >> we'll look at that there is some other deductions included in that. you have to look at -- melissa: you're open to the idea of delaying it? >> i think there is, have to get consensus among different members. we have come from different districts and have different compelling concerns. that is what governing is all about. you can't go to the table, saying it has to be my way. ronald reagan used to say i take 70% of a loaf, come back with the rest later. that is principle governing. that is incremental success. you don't get everything you want at once. ronald reagan, had to delay the tax cuts over number of years. he didn't like that. but tip o'neill required it. so he did it. but at end of the day -- melissa: they got killed in the midterms as a result. glad you brought that up. the tax cuts and economy slowed and his party got killed in that next election. are you willing to take that risk? >> you don't want to have political losses but do the right thing for american people. governing is not easy. nobody said it is easy. there is not a perfect bill you vote on. we need to do the right thing. the tax cuts are right thing for the american people, if we have to find consensus, that is the right thing to do. melissa: president trump has a lot of fervent support. what he puts forth is big and it is sill pell. whether it is the wall, easy to understand. >> that's right. melissa: it is the wall. it is crushing isis. what you guys have come up with is complicated and kind of small in terms of the tax cuts that are going to get done. the senate they went from seven brackets to seven brackets. that is what we're looking back here on the screen. to a lot of people they're sort of disappointed and frustrated what they saw from the house is watered down version of what the president put out. the senate is watered down version of what you guys put out. how do you respond to those criticisms? >> i think at the end of the day when he pass the bill you will see the markets take off again. i think they were discouraged. they don't know what is going to happen. they're fickle. i think you will see a positive response from the markets. you will see, hope for the american people. this is about creating jobs. this is about expansion of our economy. this tax bill is going to do that. melissa: a lot of people will see their tax bill go up as a result a lot more. >> at end of the day -- melissa: hang on. as republicans who raised taxes on people, do you think that is a political risk? >> that is really not an accurate assessment. there have been scores of conservative groups as well who assessed this, and they have clearly come to reality that the broad scope of the american people will benefit enormously. wages increase. the expansion of jobs. melissa: but that is little different. i hear what you're saying. that is the growth side. i certainly believe with the corporate tax cut, talking about dynamic accounting and that makes sense but in the short term they may see their tax bill go up, a number of people. are you worried about that risk? >> well you have some high-taxed states where there are issues we want to have a level playing field. and should people in georgia or north carolina or mississippi or some other part of the country be having to pay for high taxed states and allow them to deduct their taxes. there are some issues there but we want is fairness. we want a simple, fair code for everybody that is going to grow the economy. melissa: okay. >> and really help all the american people. melissa: congressman, thank you for your time. i know you guys are working hard. get back to it. thank you. >> we'll do it. thank you. david: talk about what we heard with carl roth, former investment banker, jack hough. i am so glad what melissa brought up in the 1980s. they delayed tax cuts, ronald reagan was forced to by all the compromises, he said, he said ronald reagan said the biggest mistake of administration delaying tax cuts. you see the down bar, the second bar from the left. that is when the economy contracted by 1.9%. it wasn't until the tax cuts finally kicked in in 1983 when it went up 4.6%. next year, 7.3%. delaying wasn't necessary in the '80s. it was a mistake. i'm thinking it is a mistake right now to do the same, is it not. >> right. i mean if you do the same thing over and over again and you expect different results that is the definition of insanity. and it seems to me like the members of the house and senate don't really understand what pro-growth means, on the corporate side of the equation, that timing lag is insane because businesses need to prepare. as we know, those tax cuts and changes that they make, they don't end up hitting right away. that will take several quarters, maybe several years for that to kick in. so, we need to get that going as soon as possible. also, on the small business side, those are the job creators, those are the backbone of the economy. and their own little guardrails are meaning that most small business owners aren't going to be able to take advantage of this tax cut at all. many of them will actually pay more, because they're not going to get deductions. this is not a pro-growth tax cut. david: jack, look what the market has been doing. it has been down but not terribly down. there is no sense of panic in the marketplace, at least not yet anyway. we had what appeared to be a big downside yesterday but it came back. the markets seem to be encouraged what is happening in the economy. that is their profits are doing pretty well despite some blips, right? >> i think some of my republican friend are suffering from multiple personality disorder. talking about the economy and trump comes up, hey, happy days are here again. christmas miracle. trump is making everything better again. when they're talking about tax cuts, this is a drag, we have to do something about the horrible economy. but i see economy expansion, continues pays. market looks okay. things look pretty good. i think you will get a greatly watered down tax bill or end of the year or hold out something more substantive next year. a lot will come down to the senate makeup and special election in alabama coming up. david: jack, you think the market will do well regardless? >> i don't see something competing for investors affections right now. david: that is a good point. >> other than stocks. david: not much -- >> not getting much yield. david: not much to go to besides stocks. carol, jack, have a great weekend. thank you very much. good stuff. melissa: tale of two very different tax plans. house and senate republicans seemingly facing a stark divide what tax reform looks like. does either plan go far enough? steve forbes joins us with his take. david: these stories are true. louis c.k. releasing a statement this afternoon in response to startling allegations of sexual misconduct, as major studios announce they're shutting down his productions. "tmz" founder, harvey levin on the latest developments. melissa: president trump talking tough on trade while in vietnam today. >> the united states will no longer turn a blind eye to violation, cheating or economic aggression. those days are over. ♪ >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> simply put, we have not been treated fairly by the world trade organization. organizations like the wto can only function properly when all members follow the rules and respect the sovereign rights of every member. current trade imbalance is not acceptable. i do not blame china or any other country of which there are many, for taking advantage of the united states on trade. if their representatives are able to get away with it, they are just doing their jobs. i wish previous administrations in my country saw what was happening, and did something about it. they did not, but i will. melissa: see like saying it is not your fault you're ugly, your mother was ugly, so you had no control over it. left-handed compliment there. talking trump, president trump denouncing former trade practices as unfair, no longer tolerable, vowing to put america first, president in vietnam for economic cooperation summit. convening with world leaders including russian president vladmir putin. here now is blake burman. reporter: hi, there, melissa. the white house says there are not any official meeting between president trump and vladmir putin in vietnam. the white house citing scheduling conflicts. as we saw earlier today, those two standing next to each other for a few seconds, shaking hands and the like. small chitchat is possible between the two on rest of the trip but no official meetings. the headline for president trump in vietnam, you heard it, the speech he made to business leaders talking about trade. the president said the days of tolerating trade abuses are over. the president adding, i quote here, we are not going to let the united states be taken advantage of anymore. the president also announcing that under his watch, the u.s. will not be engaging in any multilateral trade deals. >> what we will no longer do is enter into large agreements that tie our hands, surrender our sovereignty, and make meaningful enforcement practically impossible. instead, we will deal on a basis of mutual respect and mutual benefit. reporter: now right after that speak, the chinese president, xi xinping spoke to the very same audience and gave a much different tone as it relates to trade. he said, and i quote here, we should continue to foster an open economy that benefits all, openness brings process, while self-seclusion leaves one behind. of course the president has already pulled out of the united states from the potential tpp trade deal. one of the worries from critics is pulling the u.s. out, leaves the door open for china. two different messages from president trump and chinese president on this day. melissa. melissa: interesting, blake, thank you. david: here to react, claudia roseett from for example.com. we have a advisor from avenue strategies and former director of a pro-trump super pack. thank you, ladies. -- super-pac. claudia, first to you, i think the press is saying two trumps, what he said in china and said at meeting in vietnam, when he is on the campaign trail it is very -- or when shaking hands with a foreign leader in that foreign leader's home country, a very different atmosphere than negotiating deals, no? >> that's right. actually, david, i think we've seen him adapting brilliantly on this trip. most impressive performance i've seen from him. david: really? that is interesting. >> he gave a spectacular speech in seoul. the, i'm not somebody lavishing praise on china's dictator xi xinping, but conformities me meantime, speak softly but deploy three enormous aircraft carriers what he has done just offshore. china, he may be praising xi, falling all over himself to sound nice, but right there in their face are three enormous aircraft carrier battle groups which will be exercising together over the next few days. on trade, i think it is actually rather muddled, david. that is where i would be most critical. it is not the manner of his performance, the actual difference between free trade and, whatever we're calling economic aggression and so on. that is very confused. david: let's talk about whether he is tough enough because some people said that while he was in china, he didn't focus enough on north korea. he didn't focus enough on the shout china sea island that they have. he didn't focus enough on being tough on trade, as a lot of his people back home would have wanted. but then, you see a different trump or at least a different tone in vietnam. which do you think is the one that he will act on? >> well, i think with donald trump he once said that he is actually a very nice person and most people don't know that, and i think to the extent that is true, what we've seen from him is that when other world leaders fawn all over him, he tends to be very polite in return. now when it comes to the trade issues, i don't think he was ever kidding around when he talked about protecting america's trade interests. those are issues that he has cared a lot about for decades and so i think when it comes to issues that involve china and how china particular has been taking advantage of the united states, whether it's through intellectual property theft. david: right whether through the forced transfer of american technology, in exchange for market share, and a number of other things, those are issues his administration will continue to take very seriously. david: the point, claudia, you can be tough on these issues, particularly on property rights, which is an issue that you can really force home without being anti-trade, and meanwhile, by the way he did get $250 billion worth of business deals accomplished when he was over there. that is not nothing. >> yeah, well actually the definition of free trade has become so worked over and strange at this point, but free trade really means the government basically enforces property rights and contracts and gets out of the way. this has changed over the years the idea that the government oversees these deals and terms of them. that has gone much too far in some of these agreements trump has deplored. david: absolutely. >> my biggest question, if we're talking about free trade, i don't mind the chinese subsidizing, selling cheap, low cost things to us because they're subsidized. that costs chinese workers, they should be objecting. for us it means cheaper sweaters and underwear. david: all right. >> so what we're really talking about, david, i wish this debate would remind us to go back to the basic terms of free trade and then let's talk about, including the way president talks about it. david: ying, i owe you one but i'm afraid we have to wrap up. good to see thank you. >> thank you. melissa: scary emerging threat here. see what the department of homeland security is adding to the terror bulletin. a facebook founder revealing troubling risks from using social media. disturbing details after the break. >> i don't know if i really understood the consequences of what i was saying. ♪ and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you have a personal or family history of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if you're allergic to trulicity. stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c and blood sugar, activate your within. ask your doctor about once-weekly trulicity. i enjoy the fresher things in life.o. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest... ...prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices... ...from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. >> literally changes your relationship with society, with, each other, with the -- you know, it probably interferes with productivity in weird ways. it, god only knows what it is doing to our children's brains. melissa: hmmm. that is really reassuring. facebook founding president sean parker laying out frightening risks that could be caused by facebook, that the company understood when they created platform but did it anyway. we have dr. devi, from the nyu school of medicine. some people are looking at this, like big tobacco. they created this thing completely harmful, changing brains and there will be class action lawsuits down their way. i don't think, to be fair, we're not just talking about facebook but talking about social media and anything -- you walk down the street people like this whole way down the street, we've all been guilty of it, what do you think it does to kids brains in particular? >> i'm not convinced that facebook or social media apps are changing kids brains, but they can contribute to other things. for example, watching tv too much, playing too many video games, whether our on social apps or stuff can decrease productivity, that's true. it can take away from other meaningful relationship, if you're staring at the phone rather than looking at person next to you. melissa: yeah. >> but on the other hand his comments sound sinister, that he sounds like they're manipulating somebody's brain and -- there is no evidence of that. melissa: a parent, especially being on these devices, always being on social media, snapchat, all these kind of things, are they creating problems like adhd? are they creating real attention deficit disorder that would create problems that lasted for a long time? do you think it does that? >> no. so some people can argue maybe internet or other things can create an addiction, right? melissa: right. >> one of the things sean parker was talking about you get this dope pa release which is the brain's reward chemical, every time you get a like, someone commenting on your post, this reward chemicals goes up in the brain. melissa: could you think that is true? >> that might be true. but second reward goes up when something good happens. melissa: when i shop. >> when you shop or get hug from someone you like. smile from someone you like. not necessarily negative in that way either. i mean, if it is true, then maybe facebook did think how they can get more dopamine release or other hormone, oxy like when happens when a mother is breast feeding. anybody trying to get repeat service they might have looked at these things but i don't think that is necessarily negative. melissa: starbucks sells us something we're all for sure addicted too, nobody gets mad at them about that. the flip side, of course there is the fact that children don't learn to socialize in the same way. that is something, i have small kids. it is addressed all the time, with facebook, people are so harsh and so mean online. your responses, not only do you not know how to communicate with people looking into their face, but you are a different person. i have people all day long on twitter who say such ugly things to me. if they were sitting in front of me i seriously doubt they would have the courage to say same thing. they would feel ridiculous. >> social media gives coverage to say things that are negative, cyberbully or troll after people. same time comparing it to tobacco or starbucks. tobacco kills people. that is why we're concerned about that. if you keep returning for something that can actually harm you or kill you, that is a big deal. caffeine, for some people maybe you have your calf screen in the morning, maybe don't affect you negatively. maybe improves productivity. maybe others have heartburn or negative effects. what do you think are the negative consequences of internet. there could be productive consequences or on other hand negative -- melissa: you won't keel over. >> depend how the person is reacting to these devices. >> you're so logical. thank you very much. appreciate it. david? david: homeland security issuing a updated terror bulletin, weaponizing drones as potential tool of terrorists. highlighted in the report, threat of chemical weapons and terrorists interest in commercial airlines. acting secretary elaine duke, says update comes as terrorists are quote, constantly adapting. melissa? melissa: new allegations of sexual misconduct in hollywood. how louis c.k., breaking his silence on the latest bombshell report hours avnet flicks pulls the plug on one of his specials. coming up, "tmz" founder harvey levin responds to the comedian's statement and who else in hollywood might be a little nervous today. david: the battle to reform our nation's tax code. house and senate are divided on major issues. steve forbes, forbes media chairman sounding off. i accept i don't conquer the mountain like i used to. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but whatever trail i take, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily... ...and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. i'm still going for my best. and for eliquis ask your doctor about eliquis. ♪ when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance. >> never really on the same page. minor differences between the fills. we're pleased with process moving forward. david: treasury secretary steve mnuchin is pleased the way it tax reform is shaping up but is everyone else happy? steve forbes, forbes media chairman, one time presidential candidate and once push ad flat tax. we're getting about as far a way from a flat tax, but first to the notion, steve mnuchin is pleased i'm sure you are not? >> that is washington's version of whistling past the graveyard. it is david, a betrayal of president trump. the republicans should have simple tax cut, if you were not doing a flat tax. instead of doing all these things they got everyone upset. go back to the basics. do corporate rates. personal side across the boards make it effective immediately. come back some other day. david: is it possible to do that? possible for the president to come back from asia, this thing is total mess. we'll not have the same wipeout with the health care reform. start over. do a simple tax cut plan, get it done quickly. is that possible? >> i hope he does being away from the weekend for week 1/2. you saw what inmates in the asylum did. david: do you think he had been here the mess between the house and senate versions wouldn't have happened? >> i think you would see tweets all over the place on that one. seven brackets? come on. i think you will get a bill, but i think we can see it will be a bad bill, the worst of both sides. david: let's talk about the brackets. all the differences. if we put up on the screen, the gop tax bills compare. we compared the house and senate bills. go back in the house bill, from seven which we have now there is blackket creep. that is one reason why ronald reagan want to slash brackets to stop bracket creep. with seven brackets you have bracket keep built into this thing. >> absolutely. instead of getting a bill, what they should have done, instead of being slaves to the congressional budget office whose numbers are make believe anyway, say we know we get growth if we do it right. do across the board tax cut. instead of saying, give this a credit and not a credit. kiddie credits all that kind of stuff. kiddie credit thing morphed into welfare. >> right pays you to have babies. david: cost you more, more complex, two things the tax plan does not v they said it would be cheaper, easier. less difficult, less complex, less difficult to figure out how to do it. far more complex than it was. >> with the prospect, in early 80s, when the republicans had the delay, they lost 26 seats in 1982 in congressional elections. david: because we were in recession at the time. the economy, fairness to the people in the tax committee back then, part of recession was caused by the fed squeezing inflation. >> absolutely. david: it could have been mitigated tremendously if we had a tax cut in effect in 1982. we might have got out of the recession much earlier than we did. >> people would see higher paychex. they would see, okay this thing will get better. now you have a lot of confusion, of small businesses, are they getting a cut? businesses are we really getting the corporate tax cut? will democrats get control of the house to start impeachment hearings, who knows what will happen. david: that is good point. if you delay corporate cut of a year, democrats win the house you may never get a cut this corporate rate. >> yes. you will have a lot more uncertainty. being in the position where the economy is growing. republicans keep control. so businesses have faith in the future. but right now. they have given up on the death tax. talking about postponing the corporate tax. and then in terms of the instant expensing, well, five years, democrats going to renew that? hello. david: very quickly, last week my feeling half a loaf is better than none, is this even less than half a loaf right now? >> it is less than half a loaf and the bread is going stale. david: steve forbes. good to see you. wish was happier conversation. melissa. melissa: i know sometimes the truth hurts. former white house national security advisor mike flynn could face federal charges soon. "wall street journal" reports that special counsel robert mueller is look in to flynn's ties into the turkish government. flynn and his son accused of agreeing to turn over the muslim cleric from the u.s. to the turkish government for $15 million. neither flynn nor mueller are commenting on the investigation. wow! david: bombshell report rocking a key senate case. growing calls for republican roy moore stepping aside in the race. moore issued a statement vehemently denying the accusations. >> like most americans, the president believes we can not allow a mere allegation, in this case from many years ago to destroy a person's life. the president believes if these allegations are true, judge moore will do the right thing and step aside. i've been thinking. think of all the things that think these days. businesses are thinking. factories are thinking. even your toaster is thinking. honey, clive owen's in our kitchen. i'm leaving. oh never mind, he's leaving. but what if a business could turn all that thinking... thinking... endless thinking into doing? to make better decisions. make a difference. make the future. not next week while you think about it a little more. but right now. is there a company that can help you do all that? ♪ i can think of one. ♪ david: we have breaking news in the report that is rocking a key senate race down south. alabama republican senate nominee roy moore just out with a statement denying accusations by four women of sexual misconduct several years ago. one of them when she was 14 years old. moore says, quote, let me be clear i never provided alcohol to minors. i never engaged in sexual misconduct and father after daughter and grandfather of five granddaughters i condemn the actions of any man engages in sexual misconduct, not just against minors but any woman. this comes for calls for moore to drop out of the senate race if it is true. take a listen. >> the allegations against roy moore are disgusting and deeply troubling if they're true, i think he should step aside immediately. >> this is devastating, nasty story. if the revelations, if that is true, i don't believe that would be any place for him in the u.s. senate. david: we will continue to watch this important story and bring you late-breaking details. melissa? melissa: first in the retail space. alibaba reaching the $10 billion in sales in just one hour. what is part of what alibaba calls singles day in china and biggest shopping day anywhere in the world. the date in china, 11/11 is bunch singles, see? this is six hours and $13 billion worth of merchandise is sold. wow. jeff flock has more on the frenzy. jeff? reporter: i have ticker here on my phone. we might hit 13 billion by the time i'm done talking here. there you go. it is incredible day. i didn't know what singles' day was. i've been married too many times to even think about singles' day though i should have. something started in china, back at a university in hour and six minutes and nine seconds. compared to cyber monday, another big day, we, we racked up 3.39 billion in sales on cyber monday. alibaba last year on singles' day, 17.8 billion in sales. as you point out, melissa. we are now, let's see five hours and 46 minutes into singles day in china. it is 5:46 a.m. in the eastern time zone in china and we're at $12.979 billion. they have a lot of people over there. they have a billion more people than we do here in the u.s. and they're buying stuff now. melissa: seems like it for sure. jeff flock, thank you. david: maybe it is just me. i consistently -- i will never use alibaba. melissa: no. david: we have amazon. took with amazon. american product. new developments in the scandals rocking hollywood. brand new statement from comedian louis c.k., facing accusations of sexual first conduct. harvey levin, "tmz" founder and "objectified" host, with a new scoop, coming up next. t. rowe price. invest with confidence. hi, i'm the internet! you knoarmless bowling.lt? ahhhhhhhh! you know what's easy? building your website with godaddy. get your domain today and get a free trial of gocentral. build a better website in under an hour. melissa: louis c.k. admitting to sexual misconduct at least five women came out against the comedian. companies like hbo, netflix, and fx, and the orchard cutting ties with him amid allegations. the comedian releasing a statement shortly after in part, i have been remorseful of my actions and i tried to learn from them and run from them. now i'm aware of the extent of impact of my actions. i learned yesterday to the extent of these women admired me feeling badly around myselves and caulker schuss around other men who would never put them in that position. here to discuss, harvey levin, "tmz" founder and "objectified" on the fox news channel. harvey, what strikes me about this, the speed of these stories. as a reporter myself, have it come up, like the axe falls so fast that more people come out, the star admits it is true or whoever, and they're just dropped. there is a huge economic consequence to this because the studios, things that were done, that they had already spent money on, won't be released. shows are coming up. seems like everybody in hollywood must be quaking in their boots. clearly there are a lot more people about to be outed. >> yeah and part of this is, that there is a fear factor among the studios that, you know, some of these things are not being vetted. decisions are being made just based on the allegations. some of which are untested. look, clearly a lot of these are true but that doesn't mean every single one is. and when you look what happened with louis c.k., he admitted all of this. and so the consequences are, that the movie company that pulls the movie, can say look, he acknowledged it. so we'll do what we need to do. melissa: yeah. >> but there are others, for example at westwick, he hasn't even spoken yet, saying one of them was not true. melissa: yeah. >> yet he is being pulled as well. so there is this kind of frantic reaction to a lot of this stuff. some of which clearly makes sense. with harvey weinstein, when you have so many people. melissa: right. >> but, everybody is kind of reacting to everything right now. melissa: yeah. and also, i mean, so there are a lot of people who didn't hide their behavior very well. and for years, you heard about them. we would always ask ourselves, why is it no one ever does a story on this one, that one. some come out, people knew about, whether it was harvey weinstein. you always heard stuff about kevin spacey. so i imagine there is a long list of people right now, i know reporters, who are working on stories about stars who we always heard rumors about, trying to substantiate it. what is hollywood doing to sort of brace and prepare? if you're a movie company, are you saying to people, which of our stable have you heard stuff about? who should we be repaired? what do you do about that? how do you defend yourself if you're a studio, agency or whatever? >> look you're asking all the right questions and, the movie companies, they are for crying out loud, look what happened with kevin spacey, dropped him from a movie coming out on december 20 second, but they are recasting the role with christopher plummer, the j. paul getty character. that is a big, big role. i have never heard of anything like that a lot of big movie companies with releases at christmas, people are saying are we going to have a problem too? as you say, so many stories are coming up. melissa: yeah. i wonder what you do to brace yourself for that. almost like is somebody selling insurance around this? there are very big names, i can think of in my head we all heard gossip about, they haven't been outed yet, you have to wonder if the stories are true, you have to financially hedge about all going on. it would be interesting story. harvey, thank you so much, i know your show "objectified." it's a huge hit. on sunday 8:00 p.m. eastern on the fox news channel. his guest this week is arnold schwarzenegger. because last week it didn't get to play because we had breaking news. we had the very interesting nugget he was almost not the terminator because o.j. was the first pick. they didn't think o.j. looks like a killer. i was disappointed it wasn't on. i can't wait to watch this time, right? >> it is funny, after the whole thing with oj, look what happened in las vegas, he got kicked out after hotel for being belligerent and drunk. o.j. back in the news. melissa: we appreciate it so much. david: you can't make it up. this weekend we honor vets who selflessly put their lives on the line for us. within that group there is a subgroup that deserves special mention on this day. the answer when we come back. ♪ i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . ... in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪go your own way get your first prescription free at anoro.com. allow you to take advantage of growth opportunities. with a level of protection in down markets. so you can head into retirement with confidence. brighthouse financial established by metlife. >> david: well we honor all those who serve our country this veteran's day weekend today is the birthday of the marine corps officially incorporated into the american revolution 242 years ago today. i'm bias because my son's a marine but there is something about the marines that even folks from other branches of the military really like. it's a willingness to do whatever it takes to get the job done, even that means bending the rules a little bit to make it happen, so it's not for nothing that president trump hired a couple of marine general s to get the job done in his administration and while powers basically an addiction inside the beltway, both general john kelly and general mad dog mattis will tell you that their current powerful jobs don't hold a candle to their work as marine s. so many of us search for life worth living that's one problem a marine never has. happy birthday, to the united states marine corps. they really had, i am bias but they are the best. never it seals will tell you that. >> melissa: i love your pride. it's so sweet and your family. risk & rewards starts right now. >> president trump: we can no longer tolerate these chronic trade abuses. the current trade imbalance is not acceptable. i do not blame china or any other country of which there are many. we're taking advantage of the united states on trade. if their representatives are able to get away with it, they are just doing their jobs. i wish previous administrations in my country saw what was happening and did something about it. they did not, but i will. from this day