Transcripts For FBC After The Bell 20240714

This is after the bell. Connell . Connell Connell Mcshane live at the United Nations here in new york, melissa where President Trump made the rounds earlier meating today with several World Leaders after he addressed the General Assembly. Next up for the president , a sitdown with his middle east strategy alliance. That includes leaders from saudi arabia, kuwait, and qatar. We have fox Business Team coverage on a busy news day. Blake burman at the white house. Gerri willis on the floor of the New York Stock Exchange following ups an downs in the market. Hillary vaughn on capitol hill. My colleague Kristina Partsinevelos will join me here in the u. N. First the political pressure is building on him back in washington. Blake, we start with you. Reporter right now connell, up on capitol hill here in washington, d. C. , nancy pelosi is set to meet with House Democrats behind closed doors to discuss a way forward with an impeachment inquiry against the president of the United States. Fox is told that after that, at 5 00, pelosi the House Speaker will go before the cameras and make that announcement. Today seemingly been a Tipping Point for many House Democrats who are calling for an investigation into the july phone call between President Trump and ukraines newlyelected president this which President Trump spoke about the democratic president ial candidate joe biden. The president preempted the democrats meeting and announcement by tweeting this afternoon he will release the transcript of that call tomorrow. The president insists the call was proper and says there was no quid pro quo. That call was perfect. It couldnt have been nicer. Even the Ukrainian Government put out a statement, that was a perfect call. No pressure put on them whatsoever. Reporter but pelosi says even if the transcript has no quid pro quo, the president s conversation was proper. There is no requirement there be a quid pro quo in the conversation. If the president brings up, he wants him to investigate something, that, one of his political opponent, that is selfevident that it is not right. Reporter President Trump believes the former Vice President should be investigated for influencing the firing of a ukrainian prosecutor to benefit the business interests of his son hunter biden. Joe biden made a Statement Today of his own and denied any wrongdoing. Every reputable publication looked at the charge that has been made against me and found it baseless and untrue, without merit. That is not about to stop him. Reporter biden, like Many Democrats is also calling for that whistleblower complaint to be brought to light, connell, no doubt about it, the headline today, the speaker of the house of representatives is set to announce her support, we are led to believe for impeachment inquiry against the president of the United States. That to happen next hour. Connell . Melissa we will see. Blake, thank you. Lets bring in todays market panel. Liz peak, foxnews. Com columnist and gary kaltbaum, kaltbaum capital management. They are both fox news contributors. Liz, i heard a lot of folks saying this afternoon, this is buying opportunity in the market. Are you that brave . Would you go along with that . The market doesnt like the idea that President Trump may not be reelected because his opponents have all kind of terrible policies that will harm the economy and harm markets, i got to tell you, melissa, my head is spinning on this one. Just survived the embarassment of the Mueller Investigation and certainty that democrats put forward how that was going to sink President Trump, be grounds for impeachment here they go again. In this case they have allegations an hearsay and third Party Witnesses bringing them to agree on an impeachment process undergoing. I got to tell you i just think it is astonishing. They havent learned a thing. This is politically extremely dangerous for democrats, most specifically for those 31 moderate democrats that won seats in trump districts. I honestly dont know what theyre thinking. Melissa gary the reason why this is important to our viewers because it impacts who is going to be president next or who is going to remain in office for the rest of this term and how their policies impact the economy and their money. To this end does this help or hurt the president and his Reelection Campaign because some people say that this is what really fires up his people and energizes them is another run at impeachment that fails . It makes him stronger so that would be good for the economy in the long run. What do you think . Leave no doubt this will fire up the base and fire up the base big time but on the other end of the spectrum you will see networks as well as cable channels running this 24 7, that the man is a crook. So the other side will have some chum for themselves. So this is going to be one heck of a magical year in d. C. , and as far as markets and the economy, it does doesnt help. The fact we have to Pay Attention things will be front and center for a while, to this, then the things that really, really matter to the average american is not good news. Buying opportunity, im not so sure of that just yet. Melissa if Elizabeth Warren wins, everybody should take their money and get out of town. Connell, go ahead. Port pot the thing, melissa i was going to say, one of the things gary will talk about, what might matter, one of the things that dragged in the markets with all the impeachment talk was the president taking aim at china during the General Assembly. Lets listen. I will not accept a bad deal for the american people. Not only has china declined to adopt promised reforms, it has embraced an economic model, dependent on market barriers, heavy state subsidies, currency manipulation, product dumping, forced Technology Transfers and the theft of intellectual property and also trade secrets on a grand scale. Reporter that didnt sound, liz, like a president moving towards cutting a deal anytime soon. But of course you never know with the chinese trade talks. What did you take away . It goes back and forth almost on a daily basis in terms of taking the temperature of these talks. President trump had an opportunity to make his case to the world why he is threatening in a sense the worlds economy by taking on china. We know a great many countries in that room agreed with this. Also have been victims of chinas policies. So i think it was an appropriate thing to do and i would not read too much into it. Connell it was interesting to watch, gary the chinese ambassadors facial expressions or lack thereof when the president was talking about china today but would you read into any of his comments . Anything changed with regard to the possible timing of a china deal, even a shortterm one . We have a motto in my office on china trade, dont blink. If you think something will happen on tuesday, it will change on wednesday. My big worry today is china now sees impeachment and all of sudden gets emboldened to maybe back away to do nothing at this point in time. Remember china is politically savvy and does not have elections going forward. So they may take a powder at this point in time, that would not be good news for markets or the economy. Of course i think the president will continue to talk tough because that is his mantra. Connell yeah, youre right about that. That is a good point about impeachment how it relates to china. Gary good stuff. Melissa . Melissa lets go to gerri willis on the floor of the New York Stock Exchange with what traders are saying about todays swings, gerri . Reporter amazing moves today. It was really a rollercoaster ride on the all impeachment headlines. What did traders say . Some didnt care. The market was oversold. We were due for a bit of a pull back. They said the house dealing with nothing but impeachment at a time we cant to get the usmca through and the nafta deal through when china trade is hanging in the balance. A lot of opinions down here. It was incredible day. 200 point on john lewis impeachment talk. Crude oil futures down 1. 35. That is over 2 . What is going on here . The iranian president he will talk 2015 nuclear deal, make small changes to it if the u. S. Lifts sanctions on his country. Doesnt seem likely. Crude oil plunges as you can see there. Finally lets talk about wework and adam newman. This is the most talked about ipo of the season, a stock, company that is, not a stock yet not by a long shot, this company has had a lot of trouble and problems. People asking questions if this ceo is the right one. Today the company say he will step aside. Two other folks from the company in house will take over, coceos cunningham and minson people already on hand. Newman became so controversial for a number of reasons. Today he is backed off. One trader telling me today though that is very nice, gerri, we would like to see more changes made to his shares, allocation of shares that he has. They still have considerable voting rights, some 10 times. They would like to see that changed. Back to you. Melissa gerri, thank you for that. Taking aim at social medias ever growing power President Trump targeting tech giants in the United Nations General Assembly speech. Hillary vaughn on capitol hill with the latest. Reporter there is a conference going on in d. C. And facebook and snapchat both have executives on stage and the elephant in the room is really this alleged dossier, project voldemort. Facebook addressing concerns about theyre too big on stage this afternoon. Facebooks vp of global affairs, Nicholas Clegg says he find the it interesting the only country in the world talking about breaking up facebook and other Tech Companies is the United States. But snapchat Ceo Evan Spiegel was asked specifically about this alleged dossier they have called project voldemort essentially Opposition Research documenting facebooks anticompetitive tactics against them when facebook wanted to force snap to sell to them. Spiegel said the reason why, the reason why anticompetitive behavior is important to them, when youre a small start up you need as much room for growth as possible. I think at a high level as a business but also as country we believe in competition and you know, relatively fair competition. It is actually one of the things fun about the tech industry, so many smart people trying to figure out how to build great and interesting products. I think that competition often drives Better Outcomes for consumers. When we Start Building our product we thought a lot about things like privacy at the time eight years ago werent very important to people but over time it became more and more important consumers care about privacy and care about their data is used. Many other Tech Companies in the industry care about privacy as well. Reporter in a hearing on capitol hill ftcs Bruce Hoffman addressed voldemort, saying that is the type of information theyre interested in when conducting antitrust probes. Melissa. Melissa thank you. Hillary. Back to connell at u. N. Connell boy what a day here at the United Nations. The president is supposed to be meeting shortly at this hour, with members called the middle east strategy alliance. Were monitoring that. Well see what comment come out of that. After an eventful day to put i had mildly, tomorrow is shaping up to be huge. Kristina partsinevelos has been covering it all for us here at the United Nations. The reason i think tomorrow will be huge, we talked so much about ukraine, the president has oneonone meeting with ukrainian president. Reporter 2 00 p. M. Eastern time. Were expecting a lot of conversations about the timeline. White house officials told specifically fox news that phone call, that july phone call happen adweek after the military aid was suspended. Then they released the money in midaugust because of a rule caught impoundment if you dont release money it is taken away. Connell right port pot overall theme, the president brought up at the 74th General Assembly as well the lack of contributions from individual nations when it comes to military and defense. Connell that is the argument the president has been making. The transcript of the call has been released tomorrow as well. No redactions, the other thing will overshadow almost Everything Else going on. Its a big meeting especially for us, we cover trade so much with the japanese Prime Minister shinzo abe tomorrow. Reporter that meeting is before the ukraine meeting around noon. Japan is coming in with two main targets. The first to broker a u. S. Japan trade deal. We had confirmmation trade representative lighthizer met with a japanese minister yesterday. That is slowly rolling through. The second major point is iran. Were expecting japans Prime Minister abe to talk about iran and ask the president not to escalate tensions because they rely so heavily on Energy Imports from the middle east. They dont want any tensions going on there. Connell plus the president ial News Conference. Maybe kristina gets something in. Never a dull moment. We continue our special coverage today. After the break i will speak with senator John Barrasso from the state of wyoming. Tensionses with iran what can we expect next . What else do we have, melissa . Melissa first senator Elizabeth Warren, now senator Bernie Sanders is following suit. The 2020 candidate is revealing quote, his extreme wealth tax. We are breaking down the numbers for you coming up. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. 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Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Melissa breaking news right now. Nike reporting First Quarter results. Lets go back to gerri willis with the numbers. Gerri . Reporter melissa thats right, a blowout for nike. Eps coming in at 80 Cents Per Share the estimate was for 70. The estimate was 10. 44 billion. The company doing well, blowing out estimates and the big thing investors were watching for in the report, how will china do . How will they do in china . Revenue there up 22 . Nike revenue in china up 22 . The number 1. 68 billion, those were the companys sales. Revenues in greater china. We saw good results in other parts of the world too. Europe, middle east, africa up 8 . Asia, latin america up 6 . I have to tell you this is from the company, they wont let the macro environment no matter what happens interrupt the growth. I say good luck with that. Hope that works out for you. The main thing we were interested in the report is china. How would china results come in . As you know september 1st, the first of those tariffs on shoes go into effect and 70 of the shoes sold in the u. S. Come from china. Nike a big part of that. Shares up tonight, up 4. 7 . Trading at 91. 30. Very good news for nike tonight. Back to you. Gerri, thank you for that. The regimes record of death and destruction is wellknown to us all. All nations have a duty to act. No responsible government should subsidize irans bloodlust. As long as irans menacing behavior continues sanctions will not be lifted. They will be tightened. Connell President Trump here at the u. N. Earlier today calling on other nations to counter tehrans aggression following the attacks on those two Oil Facilities in saudi arabia. So what next . Here with us now is republican senator John Barrasso from the state of wyoming, a member of the Foreign Relations committee. Senator, i want to run through a number of formulations, related questions, let me start first with iran, what should happen next . Sanctions will be tightened. The world is now seeing that iran is the aggressor nation, whether oil tankers they attacked, the u. S. Drone and direct attack on saudi arabia, the world is seeing that iran is a terrorist nation and a global threat. So by increasing the sanctions as we are doing, the world is going to continue to isolate iran. Iran will have basic choice. They can change the bad behavior or face additional economic collapse. That seems to be the direction theyre heading. Connell if they choose to not change their behavior as you say, the economy which is already weak might very well collapse but what about the risk of military conflict here . How high is that risk right now in your view . There has always been a risk for them, 40 years of bad behavior but i think the risk is escalated right now. I was with the president. Several members of the committee met with him the other day. The president has been responsible in his actions up to now. By doing that he allowed the world to see it is iran that is the aggressor. I think iran was hoping the United States would attack in an effort to then be able in iran get all of the people coming together and unite them. That is not what this president is going to do. He will continue to divide iran by increasing the sanctions. Connell lets talk for a moment, senator, about ukraine. As you know within the hour the speaker of the house may very well announce an impeachment inquiry into the president. I want to ask you about aid to ukraine that was initially withheld and decreased. As member of the Foreign Relations committee in the summer, what are the reasons that you were given that aid was with held and what questions did you ask about it . I have on supporting aid to ukraine in the senate where the past administration we got nothing. In Trump Administration i was happy to see the aid. I was pushing for quicker release for people in ukraine, in terms of defensive weapons and connell do you know why it was delayed, senator . I know what i have read in the news but im delighted it has been released. My goal was to get it released and it has been done. Connell if it was delayed is the final question, as leverage in terms of the president was trying to use it as leverage for ukraine not going after or starting an inquiry into former Vice President joe bidens son, if that turns out to be the case, that is big if at this point in your mind that is Impeachable Offense . That is a big if. What i see democrats is doing cranking up the outrage machine. Theyre beating the drum for impeachment. Didnt get what they want from the mueller report. Here they are trying again to go after this president. They have been after him since day one. Now the president said he was going to release the transcripts of the meetings that he had, the phone discussions and i think that is going to come tomorrow. So people will have a chance to see what happened. Connell all right, senator, good to see you, senator barrasso joining from us capitol hill. Melissa. Melissa impeachment talk triggering Rapid Movement on wall street. House Speaker Nancy Pelosi expected to formally announce an impeachment inquiry at the top of the hour. So what are the possible scenarios and repercussions . Well bring you to capitol hill to break it all down. Plus senator Bernie Sanders outlining a massive tax plan, quote, on extreme wealth. The details you dont want to miss coming up. My insurance rates are probably gonna double. But dad, youve got allstate. With accident forgiveness they guarantee your rates wont go up just because of an accident. Smart kid. Indeed. Are you in good hands . 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The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Fun fact 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Melissa the ball is in Nancy Pelosis court. The speaker of the house meeting behind closed doors with key members of the House Democratic caucus. The congresswoman is expected to formally announce an impeachment inquiry at 5 00 p. M. Eastern. Take a look how the talk impacted the dow today. The dow plunging on the initial call for impeachment by congressman john lewis. He is a top democrat who has not called for impeachment before. It recovered some after the president tweeted that he would release the full unredacted transcript of his call with ukraines president tomorrow. The dow Still Closing down 142 points. Fox businesss Edward Lawrence is in capitol hill with the latest on this one. A lot of news today there, edward. Reporter a lot of news. The House Speaker working with the democrat uk caucus members trying to navigate a path forever growing hungry base that wants impeachment. House Speaker Nancy Pelosi will announce formal impeachment inquiry at top of the hour here. Going forward the House Speaker trying to navigate the path with pressure from House Democrats have been increasing over the past several weeks. Moderate democrats within the last day or so started to add on their voice saying they would like to see some sort of impeachment coming soon. A dozen of those members made the call since monday. Also senators now, starting to make that call. Listen to this. Im calling for impeachment proceedings, an investigation against the president because he has crossed the line using the office of the presidency for personal political gain. Reporter senator Richard Blumenthal one of 10 members on the Judiciary Committee on the senate side to start impeachment hearings into this, to see if it leads to impeachment the president saying today that he would release a transcript, unredacted transcript of that phone call with the ukrainian president. It might not be enough as the house appears is going to start the impeachment proceedings, at least laying out how to start that, coming up at the top of the hour. Melissa yeah before the transcript is released they will decide on that. Pretty interesting, edward. Thank you. Continuing to lose momentum. Home prices rising at slowest pace in 10 years. Caseshiller up 2 from a year ago, down from 2. 2 annual gain in june. Sales in seattle and san francisco, once hot markets noticeably cooled. Phoenix, charlotte, reporting largest price gains in the past 12 months. Nike extending afterhours gains following an earnings beat. The company benefiting from the strategy to sell sneakers and apparel directly to consumers. Connell, what else do you have coming up from the u. N. . Connell with very a lot actually after the break. I will speak with former Uk Parliament member john brown. You almost forget what is going on in the uk today. President trump had a meeting with british Prime Minister Boris Johnson earlier in the day and well talk about that and his trouble at home. Later in the hour, ambassador danny danone ambassador to israel will join us and talk about the President Trumps middle eastie relations. Well be right back. Pen a new a. Just another reminder of the value youll find at fidelity. Open an account today. Ive been a caregiver for 20 years. No two patients are the same. 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Seriously, did you take my phone . Passenger light on. It even fights. Fighting. Innovation that keeps people together. The 2020 glc. Lease the glc 300 suv for just 479 a month at your local mercedesbenz dealer. We need to get on with brexit. That the is overwhelming view of the british people, whether they voted to leave or remain, they voted to get this thing done by october 30 first, that is what they wanted to do. They took a vote i happened to be there. I even made a prediction. It was a correct prediction that was a long time ago, it takes a man like this to get it done. Connell President Trump at the u. N. Meeting with british Prime Minister Boris Johnson stressing importance of getting brexit done since more than three years of back and forth for the uk to leave the European Union. Were joined by europacific Capital Market investment strategist john brown. He served in the parliament from 1979 to 1992. Your take. Good to see you, connell. Connell, we thought this would be the story of the day until the talk about impeachment. Nonetheless a huge story around the world. What happens in the uk do you think . It is hard to know. Were in uncharted water. President trump has been very helpful in announcing today in that meeting he just showed that the United States and the United Kingdom will do a fantastic new trade deal, which of course offsets the scare stories put out among the undemocrattic remain people who want to defeat the will of the british people and are scaring people there will be terrible financial and trade problems. President trump played a wonderful royal card into that game and i think were just going to have to motor through this uncharted territory. As to know exactly what he is going to do. Because what has happened connell i think, im sorry, john. I think we have a little bit of delay between the two. Im sorry for interrupting you in mid thought. I did want to go back to that meeting for one moment. Youre talking about what bore wrist johnson did. There was interesting moment between the two, when President Trump tried to come to Boris Johnsons defense when he was asking asked a question President Trump would not have liked. Lets take a listen to that moment. Reporter some of your critics are saying you should resign because you misled the queen with regard to shutting parliament down. How do you respond to that. That was a nasty question from american reporter. Was that american reporter . He is a good one. That is he question a lot of british reporters would have asked. Connell Boris Johnson handled differently than President Trump. Whether johnson misled the queen was asking a fair question. Is it a fair question to you . And number two, the reason i bring it up does Boris Johnson survive this and live to fight another day with the trade deal and Everything Else you were referring to . President trump was right, it was a very nasty question but i suppose a lot of people are asking. He didnt mislead the queen. He went according to the total precedent for prorogue, and what people have done now, take all the cards he had negotiating with the European Union and they voted to say well not have brexit without a deal. Now they have thrown the deal off the table. So i as i say were in uncharted territories. I dont think the conservative party, many of whom ratted on the Prime Minister in these votes and i hope will be thrown out of the party, i dont think even they will want to see the extreme, extreme left minister, corbyn get in as Prime Minister. And so that is a risk keeping them all together. And continuing to support Boris Johnson. Connell so if you had to bet, john, this is similar in ways that we have a conversation for investment audience about impeachment, not whether the president should or should not be impeached, if he would be impeached what does that mean for markets . On the brexit side, is the uk out of the European Union by the 31st of the october . Im beginning to doubt it. I had 85 up until this morning when the Supreme Court announced. Im now dropping that to about 40 . Under 50 . And i think it is very tragic because you have this strange thing. You have the government and the people fighting against a totally dysfunctional parliament. And the sad thing is, im not criticizing it is sad upheld the supremacy of parliament over the people when they were holding the supremacy of the people over parliament. So were going through a tremendous problem of nothing getting done. I think Boris Johnson will survive. He a very churchhillian. He has a wonderful sense of humor which disarms people. He is sharp witted and physically cuddly which the british people like like winston churchill. I think he will survive and the conservatives will hate to see an extreme socialist like corbyn get into power. I think he should have done an earlier deal. I think he should have done an earlier deal with nigel farage. Connell okay. Well get back to all of that. Well wait for that to happen now. John, never a dull moment speaking to you, john brown, a member of the british parliament. Well have much more coming up live from the United Nations. Melissa back to you. Melissa the reporters pool come up with the president on issue of impeachment. These are a few of the quotes coming out now. President says she hasnt even seen the phone call. The phone call was perfect. The good news voters get it. It is good for the election but you know what is bad for the country. What she is doing is bad. On whistleblower second or third hand. It was a very partisan person i have better than that i have the whole transcript of the call which will be released tomorrow. Those are some of the quotes right now coming from the president to the pool. Well have a lot more after this but allstate actually helps you drive safely. With drivewise. It lets you know when you go too fast. And brake too hard. With feedback to help you drive safer. Giving you the power to actually lower your cost. Unfortunately, it cant do anything about that. Now that you know the truth. Are you in good hands . I had no idea why my mouth was constantly dry. It gave me bad breath. It was so embarrassing. Now i take biotene dry mouth lozenges whenever im on the go, which is all the time. Biotene dry mouth lozenges. Freshen breath anytime, anywhere. With sofi, get your credit cards right by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. Melissa breaking news right now, president making comments on growing calls for impeachment. Lets go back to Edward Lawrence for more on all of this. We read a few quotes to our audience before the break. Tell us more. Reporter well see what congress can do to get together. The Senate Already passed a resolution to have the whistleblower complaint go to the house and Senate Intelligence committees that was passed by unanimous consent. The president saying this is good thing for him. This is bad for the country. It is bad what she is doing. How can she do this before she has even seen the transcript of the call. But again the president saying on the flipside of this voters will understand how good this is for him. They will see the call was a perfect call in his words there. He did nothing wrong. He says there was no quid pro quo with this. As he, the president pointing out there was with joe biden, the former Vice President s son, related to this. Now again the president saying this would be a good thing for him if she does start to go forward with this. The house and Senate Passing a resolution. The house and senate will see the whistleblower complaint. Back to you. Edward, thank you. Here is James Freeman from the wall street journal and fox news contributor. A few minutes from now nancy pelosi will make some announcement of some form of impeachment a day before they get the transcript totally unredacted they asked for. It will come tomorrow but they will make the announcement today. What do you make of that . Hard to take it seriously when an impeachment inquiry based on a phone call she has not listened to, transcript she hasnt read. I think once the fact the come out well see if there is something surprising on there but the idea that the president should not have said to the leader of ukraine that this biden energy deal over there deserves scrutiny, i think when most people look at the facts, theyre going to say, yeah that does deserve scrutiny. Why was the Vice President , Vice President then, Vice President bidens son collecting 50 grand a year from a company that the Vice President , that was being investigated by a prosecutor that mr. Biden forced government to fire . Melissa yeah. They will say because he asked, that it was bribery is how i heard it described by our own judge napolitano. That it is somebody looking at, withholding money in exchange for doing work on behalf of his campaign is how they set it up. What do you say . It looks bad. I think the facts are really not good for mr. Biden. It demands a better explanation that he has put this point. A lot of people, especially people who work in this city and American Business are wonder hog you this happened because in the United States the foreign corrupt practices act makes u. S. Companies very reluctant to hire children of highranking officials, of governments overseas. And so there have been a lot of cases related to this. Now how did this happen in ukraine where the Energy Company hires the son of the sitting Vice President , joe biden. I talked to a lawyer in ukraine today, they really have no law like we have the in United States preventing this but that doesnt mean that it is not a political problem for joe biden in the United States and a question of why he didnt recuse himself when he is pressuring a, the firing of this prosecutor threatening his sons company. Melissa he said every reputable News Organization debunked the Conspiracy Theory that something illegal was going on between his son and ukraine. Im not sure what he was referring to. The question what was the value his son was adding for this very lucrative deal. His son was a washington lobbiest. He was not an expert on ukraine. He was not a expert on energy and natural gas. He says he was there to bring best practices of Corporate Governance which is kind of ironic, because a best practice of governance would have said joe biden recuse yourself given your sons involvement. Melissa i dont know. Im more fascinated by a subsidiary of Chinese Government giving him 1. 5 billion to invest when he had no investment track record. That is one i dont know a lot of people getting that much money to invest in their fund who dont have a long track record of investing. Goldman sachs, jpmorgan, hunter biden, could have gone in a lot of different directions. James, thank you. Cop nell . Connell all right. Melissa, certainly more on this as we wait for Speaker Pelosi but it has been quite a day in new york city at the u. N. 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If you cant afford your medication, astrazeneca may be able to help. Im off to college. Im worried about my parents retirement. Dont worry. Voya helps them to and through retirement. Dealing with todays expenses. While helping plan, invest and protect for the future. So theyll be okay . I think theyll be fine. Voya. Helping you to and through retirement. The. Maria any moment now nancy pelosi, House Speaker, is expected to formally announce an impeachment inquiry into President Trump following a close door to meeting with democrats. We will bring you the speakers comments as soon as they happen. Connell. In the meantime calling it a significant step forward israels president speaking out the following meeting Prime Minister Benjamin Netanyahu and they begin talks now for some sort of powersharing deal. A unity government. After the election left that country in a political deadlock. It comes ahead of a possible second meeting between the trio supposed to happen at some point tomorrow. Here to talk about that more is a better demi, israels ambassador to the United Nations. Good to see you, sir. Thank you for coming out and speaking to us. What a day. Your own politics at home let me start with that. What happens next year . A unity government is formed and how much might that take . Is a deadlock but i think they will push the sides to sit down and negotiate and maybe eventually a unity government. Its happened in the past and 80s but you have the men question [inaudible]. Connell benjamin at time you stays and then become a minister and that could be the first issue to discuss would become the Prime Minister. First, you have the issue of elections after a few years and maybe the government will not take together so we will wait to take some time but i think we need to have a lasting unified election. We are tired of that. Connell try to form a government it was the quickest it could be formed to . In 28 days but i expect it would take longer. Connell take longer than that. Okay, lets talk about how that affects you. You will hear that you know the game but not having Prime Minister Benjamin Netanyahu here and Political Uncertainty at home how is that impacted your ability to conduct diplomacy . The primus or wanted to come to the un and we work hard and he was be ambassador to the un in the 80s but had to stay in jerusalem and bring the parties together to make sure they use the coalition and they decided not to come. We work a lot and have a lot of events and the main issue. Connell speaking of which, President Trump spoke about it today. What was your action with his comments on that issue on i ron . We appreciate what he said about the regime and antisemitism and attacking israel. We expect that and we have quiet meetings from both countries and also have the iranians with President Trump told his allies the u. S. Is behind you and will continue with sanctions against the regime, not the iranian people. We support the iranian people. We know they are suffering but were posturing against the regime. Connell President Trump has been an ally to the government you are present and in a few moments speaker of the house will announce an impeachment inquiry into the president. From your point of view what direction to that . We have a lot of politics in jerusalem but President Trump is a friend of israel and especially what he did with iran. We should acknowledge that the meetings [inaudible]. Connell ambassador its great to see you out here. Maybe next time we have you on will have that the new government to talk about or who knows. Thank you very much. Connell that wraps up the hour here at the United Nations. As we talked about earlier, quite a day tomorrow but in order to get to tomorrow at the meetings that the president has with the president of ukraine and Prime Minister of japan at the News Conference here to get to the next two minutes and wait for nancy pelosi to come out. Democrats trying to pull the focus back to washington as the president is on an International Stage at the un but we will see what nancy pelosi has to say and what that transcript is tomorrow that does it for us. Connell bulls bears starts right now. David breaking news out of washington dc, House Speaker nancy pelosi addressing growing calls for impeachment of President Trump. Making a statement at any moment from capitol hill. Sources telling fox news and she will indeed announce a formal impeachment inquiry of the president. The president reacting saying this move would be a positive for us. House republicans will respond and we will bring you all of this as it happens life and we will tell you what it could mean for the president , the markets, trade negotiations, election and a whole lot more but lets listen to nancy pelosi