Hill how this could impact the market and how the impeachment inquiry could to from here. All that and so much more on making money. Stocks were sliding a little bit off the session lows of after a report the Trump Administration will not renew waivers set to expire in november with respect to huwai products. However there is a source telling fox there is no decision on extending those temporary licenses right now for the chinese company. Point view Wealth Management david dietze and monica mehta. Let me start with you. These seem to be speed bumps. Theyre not derailing the market. It is off less than 100 points. Here is what im seeing that is really intriguing. The report is out. America leveled sanctions against chinese oil tankers. On the other hand the Chinese Foreign minister we dont want to play game of thrones. Another report from out of china highranking source they will buy more soybeans boeing into the meeting. Theyre prepared to buy 35 million tons next year if they get a deal. Talks are ongoing. This is not indicative after large trade agreement falling apart. Stocks are flee he can thissing this this is not indicative of something bigger. Charles david . Not new tariffs imposed starting next month, were seeing a tremendous slowdown in the chinese economy. Were seeing supply chains moved around and of course the 2020 elections are coming up. The Trump Administration would love a win in the books. The general background is positive. There is issues doing with trade. There is issues having to do with National Security and that is where it gets a little tricky here. Charles here is the intriguing thing, monica, last couple months, the market seemed for some reason to rebound after the ustr said these, the next round of tariffs are official. I think it was august 28th. The markets made a huge reversal. Webroke out of that range. Were not falling apart. If you get near the milestones you dont break through, at some point you have to pull back a lot. Absolutely. There is a level of fatigue. You can only follow this so long. People come to accept the fact that the ongoing discussions are status quo for now. You will likely see something bigger happen before the election. I wouldnt be surprised if it is timed in a way so it gives charles do you think the trump, that wall street even though they wont at mid it, no one says hey im modeling for a trade deal before november, but most people on wall street think something good will happen . Either a piecemeal deal, something great will happen that will remove some of the tariffs, something that would propel the stock market higher . There is all the reason in the word to expect that. That makes sense for all the economies and that ultimately keeps america great. Were seeing forecast for earnings to be up 10 next year. That has to reflect some good news on the trade front. Of course patience is part of the negotiations. Charles meantime, folks, a new ipo peloton, it is failing in the nasdaq debut. Another one of unicorn companies. It is known for on demand workouts and highpriced bikes and treadmills. It was priced at 29 but it opened at 27. Gerri willis sat down with the ceo of the company. This is what he had to say about what makes this Company Different among those others that went public this year. We have doubled the Company Every year since weve been in existence. The triple digit growth. The law of large numbers would say you can continue that in perpetuity. This is a hyper Growth Company and we plan to be one of the special growth stories of the next decade. Charles so hes right. Here is the thing, revenues went up 110 , losses went up 309 . You dell dont want to do the latter in perpetuity. They pushed the envelope. Good for them. They raised all the money they can squeeze out of it but what does it mean for investors . Stay away from the stock. 50 of the revenue for peloton zero financed equipment purchases. Which means it is kind of a Financing Deal that they clock on the books the minute that the sale takes place but charles unassumption people will pay off the fairly expensive not reflected on the accounts receivable. It is really not as it seems. In order for peloton to justify 10 billion of valuation Something Like 40 of people with gym men perships throughout the u. S. Would have to own a peloton. They would have to own 83 of the Fitness Equipment market. The numbers, they are red flags. Charles youre champing at the bit. Hold one second, david, monica. I want to get your thoughts on the other big story of the morning. The acting director of National Intelligence testifying in front of capitol hill about the whistleblower report that says President Trump asked ukraine to investigate joe biden and his son on a phone call. The alleged complaint that trump. This led democrats to announce the impeachment inquiry against the president. Hillary vaughn. Reporter President Trump watched part of the hearing with dni joe maguire in front of the House Intelligence Committee today. He says he thinks house intel chair adam schiff is focusing on the wrong thing. The real topic of National Security interest should be around former Vice President joe biden and his son hunter. It is adam schiff and his crew making up stories but adam doesnt talk about joe biden and hits son walking away with millions of dollars from ukraine. Then millions of dollars from china. He doesnt talk about joe biden firing a prosecutor and if that prosecutor is not fired he is not going to give them money from the United States of america. Reporter acting director of National Intelligence Joseph Maguire was receipt he hadly asked today why he decided not to rush the whistleblower complaint over to congress within a week time frame. Maguire says this complaint is unprecedented compared to others he has seen or his office has seen because to his knowledge this is the first time a complain involved someone with executive privilege and also someone who was not a member of the National Intelligence committee. Which means maguire had to go to the white House Counsel first to make sure there was not any executive privilege being asserted. At the end of the day the white house decided not to exert any executive privilege. Also maguire was drilled with questions about his opinion of the whistleblower and whether or not these allegations are true or credible . Maguire repeatedly reminded the committee his job is not to investigator prove the whistleblowers claims to be true or false. There is an allegation of a coverup. Im sure an investigation and before this committee might lend credence or disprove that right now all we have is an allegation, an allegation from secondhand information from a whistleblower. I have no knowledge whether or not that is true and accurate state. Reporter Ranking Member devin nunez says the complaint raises Major Concerns about leaks in the white house and how they might damage future relationships between the president and other forerin leaders. This phone call with ukraine is the third phone call to be leaked to the public following other phone calls leaked with leaders from mexico and australia. This is now the third time. Im not aware of this ever happening before. Just seems to me though it is unprecedented and i would also say i think the decision by the president yesterday to release the transcripts of his conversation with the president of the ukraine is probably unprecedented as well. Reporter nunez says this hearing in a open committee is unprecedented and proves that House Democrats are trying to use this whistleblower complaint as a political stunt because the senate right now is holding a closeddoor hearing with dni joe maguire right now behind closed doors. Charles . Charles thank you very much. Ii want to come back to david dietze and Monica Monica mehtas story. I think most americans are tuning out. Recommend miss end of the kavanaughization, he said she said this is not like the prices have to go up or you know Interest Rates where it could be more affordable to buy a house. Im not sure what the real impact is on the economy or the stock market. So i would be leery making any points. Charles monica, if wall street sensed this is first domino in potential constitutional crisis it would be off more than 13 point now. I think wall street is exhausted. Some huge thing that will take down rome every other week. To their point there is level of exhaustion. There needs to be more info to come out. Charles you wanted to chime in on peloton. For me, the accounting statements are so critical. That is it what we study. They have already put a yellow, if not a red flag in their prospectus saying they have lost control, essentially of their financial controls. They do not have a clean auditing thing. So that makes a lot of concerns for me. You know, im thinking, gee, i still remember nautilus trading 40 a share with the bowflex. That is 1. 68. That is cautionary tale. Charles i bet you can get a used bowflex on the internet. Any used pella tons yet . I would love to see what they are going on. In seriousness, this bothers me. Ive been saying this for years. I feel bad about the American Public. Often people not regular averagr after investors say i know this product. I take a shot on. I ride in ubers. I ride in lyfts. I use pinterest. They take the lone shot. Meantime Silicon Valley is bidding these names up to the sky, to the moon. Then theyre telling public, hey you can join the party but there is no party. Theyre foisting their shares on them. That is what theyre cashing out on. That is something not right. Difference liking a pair of pants for 40 versus 4,000. This is about numbers and valuations. You have to look past the cultlike following like soulcycle. Charles right. This doesnt float. Charles telling me to wrap. All those ipos, any negative impact for the overall stock market . So many of them are down from the first dade of trading . Certainly never positive when people lose money. In this case the smart money is invest tores today, not private equity who are seeing stocks trade below the last funding round. Charles a lot of people not taking the bait. Youre right, they learned. Bet most learned the hard way. You two are the best. Thank you very much. Tesla back in the news this after an electric police car nearly runs out of juice in the middle of a pursuit. This makes me wonder why Auto Companies pour billions into electric vehicles when there is no demand and they sometimes die at the worst times. News in the u. S. That may be hitting huawei. China at the same time may buy more farm products. Florida senator rick scott joins us live to sift through all the noise. Have you lost weight . Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Hour 36 in the stakeout. As soon as the homeowners arrive, well inform them that Liberty Mutual customizes home insurance, so theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles tesla shares up 5 right now, breaking out on a report that the company has a shot at delivering 100,000 electric cars this quarter. This is shaking off some bad press. Pretty embarrassing. A Police Officers patrol model s nearly runs out of gas. He actually had to bail out of a hot pursuit. That is the latest incident, microcosm of problems facing the electric vehicle industry. The question, can they succeed without government assistance and forcing of these vehicles on the public . Joining me to break down the problems lying under the hood, Money Map Press chief investment strategist keith fitzgerald. Tesla got an upgrade this morning. Never heard of the firm. China renaissance says it was huge buy. A leaked report moments ago sending the stock through the roof. We keep seeing these kind of stories as well. Well, i tell you what, charles, this is fantasy island. The electric Vehicle Market is particularly problematic because of the subsidies. It is hard to discern who is actually profitable and importantly why. This is being foisted upon the American Public but yet there is no real incentive to move to it. Charles so here, this is what i dont get though. General motors says hey, we want to invest, 6, 7, billion dollars into this. Almost every other day we see a major auto company talking about how many billions they will pour into this. If you look at data here in the United States more recently were buying fewer electric cars than we did a year ago. What are they expecting . Do they anticipate governments no matter what Political Party in office will continue to sub sy dies this . I tell you, charles, got to believe that is the case. You wouldnt make a decision like that otherwise. If the companies are truly profit oriented they have to go. I think that is strange they would bank on that over higher margin or higher deliverables. That said, the demand for evs is inevitable. Well probably live to see our grandchildren driving all electric vehicles. The gasoline stuff i love will probably be relegated to a museum when i hand over the keys. To me its a choice in the interim. Charles i will find me a big plot of land in idaho. Pick up a lot of cars. I will have a Combustion Engine car park for old folks to drive a car or for young people to come who have never seen what a gasoline car can do. Between now and then i wonder how we make the transition. We were greeted at the beginning of the week with the hottest electric Vehicle Company in china having such a bad earnings report, keith, they canceled the conference call. The stock is down 75 in the last year. They have lost five billion dollars in five years. It is on the screen. Many point china is beating us in the ev v industry. Im saying if that is winning i dont want to think we want to. We dont want to define what losing look likes. To me the government is going about this the wrong way. If Energy Conservation is rightfully a priority we need to change the incent tiff. Doesnt need to to to manufacturers, charles. Doesnt need to be in the form of tax rebates. But direct rewards. The government doesnt have the guts. We dont have the political will power and the price point are too high. People buying teles and electric vehicles are not economically sensitive. If the cars truly are to be sensitive need to be in the 20, 30,000dollar range, not 70,000dollar electric paper weights. Charles i have to go. Would you be a buyer of tesla . The stock is off the lows. One more short squeeze could get it back to 300 bucks . I wouldnt touch it. I dont think it is investable at this point. Too many tray headlines and odd things boeing on with the stock. I would prefer much deeper into the technology of batteries and a. I. That will drive the cars. Charles i will see you for early discounted pass to my car park. You can be the first customer, my man. Done. Charles thanks a lot. Done. New york fed upping the ante for cash starved repo market. Overnight loans extending into the next month. 100 billion a day. They came into the week at 75 billion a day. I wonder if this is a cause for concern . Well get into it. The stock market is trying to come back, the cp effect. Well be right back. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums charles so the markets, you can see the dow trying to get into positive territory as we see a parade of fed officials talking today. In fact five Federal Reserve heads are speaking around the country including two voting members, bullard and clarida. Michelle gerard joins me now. I get nervous, do they get paid for that . Theyre not necessarily saying the same thing. So the market could react one way to one speaker and get whipsawed to the other. I understand your nervousness when you see a whole slate of fed officials on tap to speak. Charles absolutely. Feels like everyone is kind of zeroing in on bullard and clarida because clarida has been more dovish of late. Your note by the way is fantastic, you talk about the fed sticking to a late 1998 insurance policy thing but wall street want them to be more aggressive. Right, exactly. So the fed keeps characterizing its actions as insurance and even though weve seen them cutrate twice, they last cut them obviously last week, they signaled theyre not sure the economy is going to need more stimulus because there are a number on the committee looking at an economy that is near full employment. They look at consumer. That is really healthy. And they say that the one area that of concern obviously is trade policy. That uncertainty around the trade outlook is causing businesses to be cautious but the fed says hey, thats not necessarily something we can fix by lowering Interest Rates. So lets not be so quick to use up all of our ammunition and trying to address a problem we cant solve. So you got people who are happy to take an action to provide some insurance for a slowdown but dont want to get more aggressive. Yet you look at that inverted yield curve, the market is saying hey, we see a lot of things to be worried about. The fed should be doing more, doing it quickly. Charles at the start of the week bill dudley suggested, former new york fed chief suggested those who are, those dots that are looking for rate cuts are voting members and he feels confident well see more rate cuts. I think that is where were headed. I want to be optimistic about the Economic Outlook but i am concerned about the pullback that were seeing on the business side. You know, weve seen weak business investment. And in the last couple of months weve seen a slowing in the pace of hiring. And you know earlier this week we saw Consumer Confidence take a bit of a hit in part because there was less optimism about the employment situation. So i am worried that if the business sector stays relatively cautious, we see less hiring, that some of the consumer strength were enjoying now might dissipate. I think ultimately the data will weaken enough, while the fed may now think they dont need to will ultimately decide more action is necessary. Charles lets hope they stay ahead of the curve. We have only a minute left. Couple things i need to ask you. You talk about concern, i am concerned about what happened in the repo market, the Financial System ran out of cash. Hard money. It costs 10 to borrow cash. Exactly. Charles the fed said well pump in 75 billion a day. Now 100 billion a day. Am i only one worried about this, michelle . Here is the thing, we have a minute left to talk about this complex detail or development. Let me say one thing what is happening in the market is shortterm technical issues that are kind of specific to the market. They are not, i cant stress this enough, they are not a sign that institutions are not wanting to lend to each other. This is not a 2018 scenario. Charles okay. There are definitely some issues about, that are fueling these higher overnight short term borrowing rates. This is not a systemic problem like weve seen in times of stress. Charles youre one of my favorites. I will take your word for it. I was going to talk about fiscal stimulus. But thats okay. Next time. Charles next time. Thanks very much, michelle. Thanks, charles. Charles mcdonalds teaming up with beyond meat to give you the one and only plt. Thats right, plant, lettuce, tomato. They will test the meat in 28 toronto restaurants. Will they like it or love it. This is sending beyond meat higher. Not hurting mcdonalds either. Congress has a budget they need to pass. The question will they keep kicking the can down the road. Also what will happen with china . Florida senator rick scott joins me live to discuss coming right up. [upbeat action music] pilot were going to be on the tarmac for another 45 minutes or so. Im working to make each day a little sweeter. Adp simplifies hr, benefits, and payroll for magnolia bakery, so employees like sarah can achieve what theyre working for. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. 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China making serious trade overtures today. The Commerce Ministry said they made deals to buy more u. S. Soybeans and pork. The two sides remain close with communications ahead of facetoface talks with washington in two weeks. Florida senator, Budget Committee member rick scott joins me to sift through all the news. Senator, i find it intriguing the last 24 hours weve seen the Trump Administration still tough on china with respect to violating sanctions on iran. Saying maybe there wont be extension of waivers, but china making nice. Theyre saying nice things. They are making promises. They dont carry as much as they used to. But i feel like they want a deal more than ever before . Charles, before the break you talked about the Federal Reserve, i completely agree with you. I dont think why the Federal Reserve thinks putting all this money into the system is a nonevent. I, no one ever explained to me why they have to have the Balance Sheet they have to have. With regard to china, just because they say theyre going to do something you know you cant believe it. Werent they supposed to buy soybeans back in january and they didnt do it . Nothing they ever say ever comes to fruition. They dont comply with the wto. They steal our technology. Now theyre taking away rights in hong kong. This is a regime that never complies with anything. Charles so you like the fact that the administration, while President Trump obviously is trying to get a deal done is staying tough . He is not letting up. He pressed them pretty hard at the United Nations you want them to remain tough like that . Only thing that the Trump Administration can do. Bob Robert Lighthizer is doing the best he can to get trade deal done. I dont believe they can do it. They wont comply with it. You cant think of anything they comply with. So i dont think they will get a deal done. Im very appreciative of the president is fighting to for trade, but remember this is way more than trade. This is a country that is trying to build a military bigger than ours, producing fentanyl and selling it all over our country killing american citizens. They have been for decades stealing american jobs. They are trying to take away hong kong freedoms. They said to president obama they would not militarize the south china sea. They did. They didnt comply. Well not get a deal with them. Charles the Senate Passed another stopgap bill to keep the government funded. It goes to President Trump to sign. You vetoed it. Passed overwhelmingly 8215. Why were you one of the 15 . We keep borrowing money. I have grandkids. Think about what were doing. My grandkids will be expected to pay the debt or at least interest on all this debt were running up. Were running trillion dollar deficits. There is a day of reckoning. We have to figure out how to live within our means. We are collecting a little over 3 trillion a year in taxes and revenues and were spending 4. You cant do that in any business. You cant do it as a family member. We have to figure out how to spend money better. I did i in florida. I walked in with a 4 billiondollar deficit. I left with a 3 billiondollar surplus. We paid off debt. We can do it here. Charles impeachment news, or saga, not having major impact on stock market but your colleague senator mitt romney made a comment why he was virtually the lone republican taking this more seriously. He talked about the very nature of people and circumstances maintain power and doing things to preserve their power. Looked like he was taking a shot at his fellow republicans for not being tougher on President Trump . Senator romney has gone down the same path as the democrats like nancy pelosi. You know, they dont, he thinks the worst of the president instead of the best before he ever gets all the facts. We have to go through the process to get the facts. Senate romney doesnt speak for the republican party. He can have his own opinion and doesnt speak for all republican senators. I dont know if you remember the old budweiser commercials, budweiser commercials, less tastety, more filling he was on both sides of the argument. Senator, always appreciate it. Have a good day. Charles Health Care Costs are skyrocket. I dont have to tell you that. Theyre putting a bite on Small Businesses of will the burden of momandpop shops put a democrat like Elizabeth Warren over the top in 2020 . Our Political Panel will debate that next. Oh, wow. You two are going to have such a great trip. Thanks to you, we will. This is why voya helps reach todays goals. All while helping you to and through retirement. Can you help with these . Were more of the plan, invest and protect kind of help. Voya. Helping you to and through retirement. Tv aas many safety features powas the rx, the new. The lexus rx has met its match. If theyre talking about you. You must be doing something right. 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You definitely want to take advantage of all the benefits you can get. 2 3 of employees said that the workplace is an important source for personal savings and protection solutions. The workplace should be a source of financial security. Keeping your people happy is what keeps your people. Thats Financial Wellness. Put your employees on a path to Financial Wellness with prudential. Charles breaking right now. The Senate Confirming Eugene Scalia as new secretary of labor succeeding alex acosta who resigned in outcry after role in a plea deal for jeffrey epstein. He is the son of Late Supreme Court justice antonin scalia, a partner at a washington law firm, gibson dunne he represented companies such as walmart, ford and others in Worker Rights claims. Still the vote was 5344. So he is in place. Meantime a new survey from the Kaiser Family foundation coverage, that Health Coverage in the u. S. Is topping 20,000dollars a record while single coverage also jumping. As costs rise workers at Health Care Firms may pay a larger share. Could this be a deciding factor in the 2020 elections. We have Jenna Ellis Reeves and democratic strategist rashad ritchie. Let me start with you. From everyone who covers this the midterm elections were decided on health care. If im Elizabeth Warren im touting numbers every single day. Not the crazy impeachment narrative democrats seem to be focused on, if were talking about policy, singlepayer health care is very, very bad for the american people. This is about the government becoming an Interested Party in the distribution of a scarce and limited resource. Weve seen how that plays out in the United Kingdom with charlie gard where the government has to determine what your likelihood is of recovering if theyre going to grant you use of that resource. But there is actually a more nefarious interest for democrats going on here, charles. That is with singlepayer health care the government has control over this they can force government sponsored abortions. This is exactly where this is going. I hope if Elizabeth Warren or whoever the democratic nominee is gets on the debate stage with President Trump, he was at the United Nations talking about religious freedom, talking about the right to life for everyone and there is no constitutional right to abortion, i hope that comes out because that is really i think what is going to be determinative to see President Trumps constitutional conservativism versus the far left. Charles rashad, your thoughts. My thoughts are this. President trump, when he was candidate trump ran on a platform of repeal and replace obamacare. Here is where i am at with the health care debate. I dont care who takes credit, what legacy it is connected to, this is literally a life and death situation. 78 of americans say this is important to them. You have increasing cost of health care 4 for single individuals. It has risen that much. That far outpaces the increase in wages. Talk about the increase in wages, there is tradeoff with health care. Charles do you think this is winning argument for, lets say a candidate warren for instance . Based on policies a better winning argentina than the impeachment argument. That is based on statistics. Americans are more concerned about health care based on statistical than impeachment. Charles tony. There is three parts. First, yes, republicans have been incapable of getting a message across. There is never a time where republicans cant speak the english language. It is kind of incredible. President trump said they would be party of health care. They better have an answer. When the time came regarding obamacare, regardless john mccains vote, they will have to have a plan they need it. The idea medicare for all will be winning argument for Elizabeth Warren is nonsense. The everything you talk about the prices is true. The control is true. Nobody is sold on medicare for all. Nobody is sold on the multitrillion dollar plan. Nobody is sold on the pete buttigieg, medicare for all who want it. That is word salad. It is about having government control. People are saying were not so down with that. Charles people are fairly anxious when the government controlling this. I want to bring in congresswoman alexandria ocasiocortez because she rolled out a sweeping legislative package. She is calling it a just society. It will combat poverty in this country. You know, ill start with you rashad, these policies she puts out always takes a shot at america. A just society as if were so unjust right now. Well there is definitely injustice in our Justice System and in our societal construct. Look what aoc has done. Done exactly what she did before with the Green New Deal and other proposals. This is visionary package meant to create conversation. It is not a policy it is not even legislation that has exist significant cosigners. At end of the day what would happen with policy like this you will have some good and not so good even from those on the democratic side. Theyre not supporting every element of this but there are dynamics we can agree to such as rent control and having standards in affordable housing. That is part of the package. Charles jenna. Rashad is trying so hard to be reasonable here. I give him all the credit for really trying to defend this. Im a reasonable guy. I give you credit for that, rashad. But this is absolutely ridiculous. This is about aoc trying to enforce socialism. Administrative state even more when we talk about a just society here that is not saying that the government needs to increase control through this comprehensive package and put even more rules and regulations and say that we need to increase the definition of where poverty is so we can redistribute wealth. That is all this is about. Charles a redistribution plan. To the extent it is redistribution yes, but the just plan is just a dollar from you and just a dollar from you and just a dollar from you out there and just one more dollar. That is her just society there is no justice in that whatsoever. This is childser rand, a childs fantasy being played out by the representative. Charles tony, jenna, rashad, thank you very much, appreciate it. Thank you, charles. Charles peloton shares hit a session low. Not a great debeau. Why actors are getting left out in the cold. Well be right back. 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. Charles the streaming war is on. A growing number of tech and media giants spending millions of dollars on new and existing content. Robber gray has the latest on how streaming services shaking up hollywood and who is winning the war. Robert, i thought everyone was winning . Reporter the spigots are certainly open in hollywood hand over fist. They report hundreds of millions of dollars of rights to old Fan Favorites such as friends and topping a billion dollars for the big bang theory. Who is making money on reruns . One person laughing all the way to the bank, jerry seinfeld. Two major netflix deals. One for the current show and buying rights for seinfeld sitcom north of half a billion bucks. Handicapping winners from the megadeals can be difficult since deal terms can vary and theyre not always public knowledge. The money will to to the people that own the show. And whoever owns the show might be different depending on whatever those business terms were for those shows. But it is going to be the executive producer. The writers of the show. Certainly actors will see some piece of that come through. Reporter yeah, that piece is going to change. The pie changing as well. Previous syndication deals for archival shows such as friends and seinfeld allowed the producers, writers and to get a cut of action with studios keeping the lions share. Authorities say deals for the new content and lump sums and streaming platforms will own the shows as they build up libraries. That is important for netflix an apple. As everything old new again you might call this is the golden age of the streaming studio star system. Thats right. Household name creators such as j. J. Abrams and shanda rhymes to create big buzz and shows for streamers that could leave less catch for other users. Participants from writers to producers, to talent, charles, they wont make huge money like in the old model because the platforms will own content. So there wont be big syndication deals where you have seinfeld on six hours overnight and raking in the bucks from that. They have already gotten paid up front. Charles oh, boy. Reporter back to you. Charles just when i was thinking about dusting off my acting credentials making a leap. I better stay here, robert. Thank you very much, buddy, appreciate it. Reporter all right. Charles it has been nearly 10 month since President Trump reached an agreement on usmca. Now that democrats are in full impeachment mode . Will we ever see a deal . Will it make it to the floor of congress . I will ask commerce Committee Member robert wood all next. I get it all the time. Have you lost weight . Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. Were moving ahead on u. S. mexico canada agreement. Again, pushing to be on a path, a continued path to yes. Charles House Speaker nancy pelosi saying despite being full steam ahead on impeach. , that they are working on the usmca trade deal. Will it really ever be completed . Georgia congressman rob woodall serves the house budget and commerce committees, and we joins me now. Congressman, thanks for joining us. It was kind of a surprise to hear nancy pelosi suggest that they can investigate and legislate at the same time, but how seriously can we take her this. I think you should take it seriously, charles. Do i wish we werent wasting time on so many investigations . Of course i do. But we can multitask here. This trade agreement is not important to republicans or democrats, its important to america, and thats what weve all been called here to do. Nancy pelosi knows that, i know that, President Trump knows that. We can get together and get that done. Charles so we just got a great deal for American Farmers with japan, china signaling theyre going to buy more soybeans as they come into this meeting in two weeks, perhaps 35 million tons next year. Usmca would just really, i mean, would even be better. Who could be opposed to in this. Charles, youre exactly right. The wind is at our back in terms of getting good deals for american producers, from manufactured goods to agricultural goods, to american consumers. Its not that folks are opposed to it. If we put it on the floor today, it would pass the United States house. But Nancy Pelosis got a problem with some of the liberal members of her caucus, and shes been working these ten months trying to bring these folks along little by little. Shes working very hard, and were going to get this deal done for the american people. Charles nancy pelosi, of course, is a great historian. She understands the implications of going down impeachment. Again, to your point, aoc put out this really harsh tweet over the weekend, a few other members probably pushed her. She said, okay, well launch the inquiry. She probably knows this isnt going anywhere. A president ial candidate on the democratic side, theres no way that person can run in the heartland and say without the democrats saying they have to put this on the floor, could they . Youre exactly right, charles. We dont have that many issues that are purely american issues, purely nonpartisan issues. But trade is one. Theres not a single Congressional District in the country, not a state in the nation thats not going to benefit from this deal, and every candidate knows that. Charles let me can you about this whole impeachment situation. The stock market really kind of yawning at it for right now. Im no legal expert, but i read through the phone call transcripts, and i think it was disingenuous the way many news organizations put it out there. But, and in the halls of congress is there really that much of an appetite to go after this . Well, you know, the story on capitol hill is that the president s trying to hide something. Hes not doing a very good job. He keeps releasing full transcripts, full letters, full inquiries. Everythings out there. Folks can make their own judgment. During the nixon impeachment, we were still able to pass a trade deal. During the clinton impeachment, we were still able to get work done on capitol hill. We can do both. But i think the real story is that nancy pelosi has never wanted impeachment. Shes getting dragged in this direction by her more liberal moments. You dont see her gleeful going down this road. Shes getting pushed down a road she knew she didnt want to go down, and their going to be sad that they did go down this road. Its bad for their elections, but more importantly, its bad for america a. Charles real quick, your thoughts on the democratic side. Looks like Elizabeth Warren is becoming a juggernaut. Shes got momentum. Does that change anything for congress and for the republicans . I think thats great news for republicans, charles. I worry about joe biden. Hes a reasonable guy whos got a record of making deals. The more we can get a liberal idealogue on the democratic side of the aisle, the easier it is for republicans to win. Elizabeth warren is a great person to fill that role. Charles congressman, thank you very much. We always appreciate it. In the meantime, folks, the dows off almost 50. We got within 4 points. Ashley webster, youre going to have to bring it ashley im going to do the heavy lifting charles, thank you very much. Breaking news, possible movement on day 33 of the strike by 11 of unite autoworkers against general motors. A deal could be coming soon as gm extends an olive branch by returning Health Care Coverage to its striking employees. We will go straight to the motor city for the latest developments. Meanwhile, trade deadlines still drive headlines still driving the market. Economic adviser robert is here to tell us if the dem impeachment gamble is really just a cover story to pass the president s new nafta plan. Well get into that. On wall street markets cutting