planned to ask the u.s. not to impose tariffs on december 15th, 15% tariffs. not seeing the vice president's speech strong enough to stop the trade progress. still chinese saying the speech was full of arrogance, hypocrisy as well as lies. spokesperson for the chinese foreign ministry pushing back on the human rights accusations. turning it around on the u.s., highlighting income gap between rich and poor, pulling back from treaties and mass shootings. we advice people in the night to take a good look at themselves in the mirror to recognize their own problems, manage their own affairs. vice president chief of staff made a point directly, to talk plainly to the chinese government, plus tell them that the u.s. is willing to work with them. >> i think the vice president extend ad hand to say we do not want to decouple from china. we're anxious to have a trade deal. at same time, what i think we have seen administrations do, republican, democrat alike. once we allow china in the world trade organizations is there expectation that china would have other reforms? the evidence is not. reporter: on the trade front the u.s. trade representative as office announced more exceptions, exclusions to the first round, $200 billion worth of chinese products came in. companies we're talking about things like pressure washers, electric fireplaces also bicycle frames among others. companies can get the tariffs refunded for these items going all the way back to september of last year. now the u.s. trade representative's office says there will be continue us deputy level talks between the two trade delegations to finalize the agreement. future phone calls coming up to get this phase one locked down. the administration would like to do it within the next 2 1/2 weeks by the apex summit in chile. david: edward, thank you very much. president trump is talking to reporters before heading to south carolina. the president just said that the u.s. is doing quote, very well with china for its publisher rich karlgaard just got back from a trip to china with very latest on this. rich, the interesting thing is, is that the rhetoric about human rights on both sides is heating up. yet it looks like we're really making progress on phase one? >> i'm glad we're making progress. president trump will need to make progress. likely he will be impeached, not convicted, thrown out, but impeached. if he is facing impeachment, a no growth economy and dropping stock market works against him. let us not forget richard nixon resigned in august 1974 when the economy was really terrible. you really don't want things happening at the same time. david: on opposite side, bill clinton even though impeached, obviously wasn't convicted in the senate, his ratings were high. you say it is a no growth economy. this is not a no growth economy, particularly with the job situation as good as it is? >> no you wouldn't want a no growth economy. i would say it's a decent economy right now. it could be a better economy. unemployment is really good, the stork market is high but ceo confidence is not great. the transportation stocks, which are, very predictive where the economy is going are not great. so i would say, it mixed. it's a b economy. it is not an a economy. i think the president has every motive to want to make it an a economy. david: we're looking at the markets right now, as wonderful as the market is today, we seem to reach a ceiling, get up to 27,000 on the dow, we come back. that happened so many times over last year-and-a-half, if we get phase one signed in chile next month or somewhere else before the end of the year, this market could bust through that sealing? >> i think there is probably another 25% upside. the bull market has been running a long time. but it has a ways to go i believe. because interest rates are so low. stocks are competing against bonds. you have that can happen. you have to take away uncertainties. large cap companies dominate indexes. large cap companies are global companies. david: that's true. you got back from china. how is china doing? is it desperate for a deal because the economy is really hurting because you go there quite a bit? >> yes. i think china is weaker than it wants to let on. i don't believe 6% growth. the population is aging fast. they have a credit crisis within china. there is a lot of turmoil behind the scenes that americans don't always see between the entrepreneurial economy, the alibabas, the 10 cents, state-owned enterprises and party and military. they're all battling for supremacy. david: are the state-owned enterprises pulling down the whole economy? they relied on that as things slowed down to give it as artificial stimulus. i don't think the things work very well, do they? >> the state-owned economies are artificially propped up by the government. the government is reluctant to let the entrepeneural economy go after them and disrupt them. because the state-owned companies employ a lot of people. china does not want to have the political instability that large unemployment would produce. david: bottom line do you think we have a china deal before the end of the year. >> yeah. i think the president really needs it. david: rich karlgaard. always good to see you, from "forbes." >> thank you, david. david: mixed reads from top companies as amazon takes a hit as profit fell for the first time in two years and intel is soaring raising guidance. greg valliere and dennis gartman on whether or not the slowdown fears are real. dennis, the news on china, do you agree with rich karlgaard we'll have a deal on phase one before the end of the year? >> there is no question phase one will be put out of the way. rich is absolutely right. he needs that. he will agree to practically anything to get it done. good deal of sales from agriculture whether 30 billion, 40 billion, 50 billion only thing to be debated. absolutely it is signed. whether there will be a second or third is another question. that will be after the end of the turn of the year. at the end of the year, phase one is signed. david: greg what happens here? what happens in the whole world? we have europe at a dead stand still, they're facing real recession. will that things turn around in the world or just the u.s. and china? >> probably the u.s. and china. you have to say amount of stimulus coming from washington, not just the fed which will probably cut rates at the end of next week, but from fiscal policy, amount of spending, deficit spending everywhere you look, big increase in spending. business tax cuts are still having positive impact. so i would argue that monetary and fiscal policy together almost guaranty the economy will not head into recession anytime soon. david: dennis he brings up a great point. the fact all the negative interest rates in europe are not doing a thing. they're not facing reality of making it cheaper and easier for businesses. that is the the way you grow economy. these negative interest rates are smoke and mirrors, right? >> what we've done is, reduce the amount of regulations. europe just continues to have greater and greater numbers of regulations. david: absolutely. >> i used to say one of the things differentiate us from them, 35 pages of regulations for growing asparagus in the eu. we don't have, probably a bit of an exaggeration. david: not much. >> that is close to reality. we don't do that sort of thing. we're reducing number of regulations. i take the president to task on number of things, certainly over trade and imposition of tariffs but what he has done well, reduce number of regulations. that really helped american business, no question. david: greg, you have tax cuts. particularly corporate tax cuts. they were criticized forking stock buybacks. they caused a lot more than that, tremendous hiring. why we have the great jobs numbers. a lot of companies moved back here from ireland and other places with lower corporate tax rates. >> i have a sneaking suspicion that we're going to hear talk of another tax cut next year. i think the president will say we need more from the middle class. whether he can get that past nancy pelosi i'm not sure. i think trump will do everything he can to get the economy growing a little bit above 2% next year. david: dennis, i know that you don't buy anything unless you can pick it up and hold it. i will not ask you that much about amazon right now. although its recovering from the initial loss in the morning. but intel and caterpillar, were doing pretty well as a result of some good stats that they had in their financial reports. is that a good sign for the economy still having juice in it? >> no question. my comment is i don't want to own the things if you drop them on your foot will hurt. a old saying it makes sense because i understand those things that i better than i understand netflix, better than i understand high-tech. i think the fact caterpillar is doing as well as it is indicative of better trade relations and a stronger economy. the answer to your question is yes. david: dennis, greg, you guys are the best. president trump speaking with reporters ahead of the flight to south carolina. we'll bring you that tape when we get it. more on all of today's top stories on tonight's bulls and bear, a little show i do at 5:00 p.m. eastern time here on fbn we hope you tune in. ♪. i get it all the time. 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fox the justice department's review of the russian probe transitioning into a criminal investigation. this is division over the impeachment inquiry ramps up. what do investors need to know about all of this heating up? hillary vaughn where everything stands now. you need a scorecard to find out, hillary? >> david, president trump commenting minutes ago, speaking to reporters before he left the south lawn. he thinks you will find quote, a lot of really bad things to come out of this investigation into the 2016 russian probe origins. we're also finding out the inspector general report looking into spying on the trump campaign during the 2016 election is almost complete. white house officials say today, they expect that report to come along with criminal indictments. now the doj is escalating its review of the russia probe to a criminal investigation. that is significant because it gives the doj a lot more power to get answers to a lot of lingering questions still hanging over the white house through subpoenas, a grand jury, and thousandnow the threat of criminal charges. >> was there obstruction of justice, destruction of evidence, we all have a interest knowing that. >> if fisa warrants were extended in order to pursue a political agenda the american people should know that. reporter: democrats believe the doj is acting as a vehicle for president trump's political revenge. house intelligence committee chairman, jerry nadler, and adam schiff issuing a joint statement. if the department of justice was made be used as political retribution to help the president with a political narrative for the next election the rule of law will suffer new and irreparable damage. david: thank you very much. former congressman and house manager during president clinton's impeachment, bob barr. the john bolton retained counsel, there is questions whether or not he will be asked to testify in front of this committee. what would you make of that? >> i would say he is probably wasting a lot of money. it always amazes me people who know what they're doing, are very, very bright, been around washington if there is a threat they might be called before the congress, rather than say, well, okay, i'm going to testify tell the truth or i'm not going to testify, instead they go running out pays hundreds of dollars, if not thousands of dollars per hour for these attorneys to tell them, tell the truth. david: quickly. we have president trump coming up, the doj investigation, turning criminal, if in fact that story is true, some people say the doj can't investigate itself which is what it might be doing. what do you say? >> it can. there are two options. one, to have career attorneys at the department of justice investigate wrongdoing by agents, for example at the fbi. or, the attorney general can appoint a special prosecutor. either way, it is absolutely essential that if there was wrongdoing in the issuance and obtaining of a foreign intelligence surveillance act warrant on u.s. citizens, that we get to the bottom of it. and i think bill barr, my namesake as attorney general, is absolutely correct in pursuing that. david: congressman, forgive me. the president is speaking. this is from moments ago. let's listen in. >> the economy is booming. we have a new record in sight. could happen even today but we have a new stock market record. i think it will be about 118 times we've broken the record. jobs look phenomenal. we're doing very well in syria, with turkey an everybody else that we're dealing with. we have have secured the oil. we have a lot of oil. we secured the oil. a couple of people came knocking. we said don't knock. i would say things are going very well. people are still in a basement in a secure room in a basement trying to make us look as bad as possible but that is not working too well. a lot of things are happening very good. i appreciate republicans just outraged and american public is outraged that the do-nothing democrats are doing nothing. they are doing nothing. there is such an opportunity to get things done. we need usmca passed. it is a great deal for our country, for our farmers, manufacturers unions. it is a great deal for our country. we need usmca passed. reporter: [inaudible]. >> well it is a word that many democrats have used, it is a word many people used over the years but that is a word that has been used many times, let me tell you something, the level of unfairness for a perfect conversation with the president of ukraine, this was a perfect conversation. frankly, had they known what the conversation was, they wouldn't have even wasted everybody's time. but this was a perfect conversation with the president of ukraine. president of ukraine, his foreign minister separately came out and said there was absolutely nothing wrong with the conversation. president of ukraine and the foreign minister came out said there was no anything. there was, he used the word no blackmail. they said there was no pressure, there was nothing done wrong. this is a hoax just like there was no collusion after two years they found out and wasted $45 million. this is a disgrace that this could happen in our country. reporter: [inaudible]. >> the president of ukraine, right now, the president of ukraine said no pressure. president of ukraine and his foreign minister said again, no pressure, no blackmail. they don't even know what you people are talking about. it is a, it's a hoax. it is a hoax. it is just continuation of the russian witch-hunt which turned out to be phony. the mueller deal was phony. and now they have this. all it is very simple. it is one conversation that i had with the president of ukraine that was perfect. that adam schiff defrauded everybody and he made up the conversation in the halls of congress. reporter: are you concerned about the growing criminal investigation into rudy giuliani? >> i don't think so, i think rudy is a great gentleman. he has been a great crime fighter. he looks for corruption wherever he goes. everybody understands ukraine has big problems in that regard. rudy giuliani is a fine man. he was the greatest mayor of the history of new york and he has been one of the greatest crime fighters and corruption fighters. rudy giuliani is good man. reporter: are you using the justice department to go after your political rivals? reporter: [inaudible] >> i think what biden did his son, now they're finding romania, that came out today, i'm sure there are more than that a man walks away with no talent, no sill, no experience, $1.5 billion out of china, when he walks away with 168,000 a month for him and his friends, from ukraine, when you ukraine supposedly gave you $3 million, whatever the numbers are, he has got no experience in oil, and no experience anywhere, now other nations are coming out, i heard one today, i won't embarass the nation. all he is doing and in my opinion, that is the payoff, because you don't pay that kind of money for any other reason, then you look at what the father did with oil. let's goat -- get oil, and all of sudden let's not get oil. all of sudden he is great environmentalist, now ukraine and other places benefit by that i consider what they did to be an outrage for our country. i consider that to be an outrage to our country. reporter: are you using justice department -- reporter: [inaudible]. >> some of them weren't even spoken to yet. they got 40 very quickly. i think there are 47. some of them don't even know about it yet. it only took place yesterday afternoon. so they had a great response. we have great support. we had 185 out of 185 the other night, republican congressman. i think we had 185 present and we had 185 positive votes. with the senators we're doing great too. reporter: [inaudible]. >> we're doing very well with china. we're moving along nicely. we're dealing with them right now. and a lot of good things are happening with china. they want to make a deal very badly. reporter: mr. president -- reporter: [inaudible]. >> what? reporter: [inaudible]. >> we're moving with afghanistan. we're doing well with afghanistan. we're slowly bringing thing down to a certain level. we're doing well with afghanistan. we're moving things along. reporter: mr. president -- reporter: [inaudible]. >> well the problem is, here's the problem, here's the problem, he is a never-trumper, his lawyers a never-trumper -- hey, everybody makes mistakes. mike pompeo, everybody makes mistakes. he is a never-trumper. his lawyers his lawyer is the head of never-trumpers. they're a dying breed. here is the other problem. you're with cnn. you're fake news. reporter: elijah cummings today -- reporter: [inaudible]. >> democrats don't have -- [inaudible]. they have to pass usmca. they have to do guns, they have to do, many things. we want to reduce drug prices even more. we can go so far but we can get get drug prices, democrats, do-nothing democrats have no time to do it. reporter: elijah cummings, sir? reporter: [inaudible]. >> which one? reporter: [inaudible]. >> we have a great republican plan. if we take over the house which we should, especially because of what they're doing with impeachment i think we'll take over the house by big numbers. you will have health care the likes of which you have never seen. much less expensive. deductibles will be much lower. you will have great health care. we have to take over because the democrats don't have any time to do anything. reporter: sir, elijah cummings cummings -- [inaudible] reporter: [inaudible]. >> well i know he made the speech yesterday. i went over the speech. the speech was fine. no, the speech was fine. i'm also working very closely with china on a deal but his speech was fine. reporter: elijah cummings, sir. reporter: [inaudible]. >> that's true. reporter: [inaudible]. >> we're doing very well with china. we're very good with farmers. farmers will do better maybe than anybody but everybody is doing well. china wants to make a deal. they want to see reduction in tariffs. they would like to see tariffs scheduled to go on very soon. they would like to see them not go on. china, really, you know it. they really want to make a deal. they will be buying much more farm product than anybody ever thought possible. reporter: elijah cummings -- reporter: [inaudible] >> only for one reason, i did nothing wrong, the only reason. i had a perfect conversation with the president of ukraine, per february. had they seen that conversation before they made up the story, they made up the story about that -- had they seen it, we wouldn't even be talking about it right now. the conversation has been perfect. for that reason i have tremendous support. reporter: mr. president, mr. president -- are you -- reporter: [inaudible]. >> yeah. reporter: [inaudible]. >> so they have started, and it has been going on a long time. and i started them. i read papers, i read them probably in greater detail than you actually, i try to sniff out the fake news from the real news. but as you know, there has been a long term, look at, look-see. looks like it is becoming very serious from what i'm hearing. investigate the investigators, whether it is strzok and page. whether it is clapper, comey, all of these people. because terrible things went on for our country. we have a great attorney general, highly prestigious man, very honorable man. they have been looking at it a long time. i can't tell you what is happening. i will tell you this, i think you will see a lot of really bad things and a lot of people, think, that and they know they have problems, because they were very dishonest, and again i leave it all up to the attorney general, and i leave it all up to the people that are working with the attorney general, who i don't know. but i will will say this. i think you will see things nobody would have believed. this was the worst hoax in the history of our country. a lot of people say it's a phony deal on impeachment. we have a perfect conversation, perfect, with the president of ukraine, they're using that to impeach one of the most successful presidents. we'll hit another stock market high. we have the best jobs reports. we have the best unemployment numbers. we have the best employment, more people working today in the united states than ever before. i rebuilt the military. we're strong. we just did a great thing in syria where we're getting our troops out. we took over oil, a lot of great things are happening in this country. i will say this, if anything ever happens with this phony witch-hunt that the democrats are doing, do-nothing democrats, i really believe that you would have a recession depression the likes of which this country hasn't seen. now, a strong statement was made but a very highly respected man this morning on wall street, a man who is very respected about that. if anything happened to trump, president trump, you would see repercussions in the market like you haven't seen before. but here's the thing. i don't have teams, everyone is talking about teams. i'm the team. i did nothing wrong. this has been going on before i got elected. this was going on from the insurance policy, strzok and his lover page. this was the insurance poll which with strzok and page, we did nothing wrong, strzok said she will win, she will win, if she doesn't we have an insurance policy. so let me tell you this has been going on before i got elected. people are angry about it? you know who is angry about it, the republican party is angry about it. this isn't a takedown of the president, this is a takedown of the republican party. frankly the democrats should be ashamed of themselves. reporter: ely -- elijah cummings today, sir? reporter: [inaudible]. >> if you let me know who they are, tell me, tell me? reporter: [inaudible]. >> tell me who the never-trumpers are. i'm not a fan of never-trumpers. i am not a fan. i think they're bad people. some have recovered, okay. they went through, i guess their recovery program. it is called, they learned how to win through me but others haven't. i'm not a fan of never-trumpers. i never will be. but a never-trumper sometimes is more vicious than a failed obama candidate or failed clinton candidate, who i beat both in the election with very little experience. don't forget, i beat the obama people. i beat the bush people. and i beat the clinton people. and i had no experience, that is not a bad job. but there is a lot of angry people out there. and that is the way it goes. reporter: sir, elijah cummings, sir, have you discussed the bidens with put tin? david: this was moments ago. this is tape delay. president, of the white house, on his way to rally in south carolina, talking about a lot of things. trying to keep focus on economy, on a day when market is up about 200 points. u.s. mexico canada trade deal, health care, jobs numbers continue coming in very good. clearly sucking a lot of oxygen out of that conversation was the investigation that is going on now, actually many investigations going on. first all adam schiff's investigation. so-called, impeachment inquiry. and then news that there is a possibility of a criminal investigation that may result from attorney general barr's investigation of the origins of the russian investigation, which actually happened, began when president trump was a candidate. i want to bring in chris bedford now, he is "daily caller"'s editor-in-chief. chris, let's first talk about congressman schiff and his investigation because, it is all being done in secret. he said there is nothing classified that is being discussed. if there is nothing classified, why is it being done in a scif in secret? >> it is game of hocus-pocus from congressman schiff whether or not it will be allowed to be out or whether it will be out. essentially he is saying he wants to get all the facts to move forward without allowing republicans to answer questions. this is not lined up with what he has done previously. the schiff's problem is is public relations war. the house of representatives likely to impeach president trump regardless. they will not get it through the senate. the question for schiff can he use the investigation to change what voters at this. if he wants to hide behind closed doors, not give republicans access to this, not it is not a good pr story. david: doesn't it all have to come out? this is impeachment. this is not investigation of benghazi. this is an impeachment, an attempt to overturn an election. the people deserve to know. that pressure will mount on schiff and others. >> it will and should. the people deserve to know. it is middle of a democratic -- democratic party has been trying to push president trump out of office before the election, even after he took office. it will all come out eventually. the worry, evidence that may not back up things that schiff wants to allege may never come out. david: i have to switch topics, there is other news. facebook is coming out unveiling its news tab. your organization will be a part of that. this is an attempt to put sort of news searching on one stop area inside of facebook. not everybody is happy that you are a part of that. alexandria ocasio-cortez among them. let me play a sound bite what she said about that, get your reaction. >> you have named "the daily caller," a publication, well-documented with ties to white supremacists as official fact checker for facebook. >> congresswoman, we don't appoint independent fact checkers. they go through the independent organizations a independent fact checking network that has rigorous standing for who they allow to serve as fact checker. >> so you would say that white supremacist tied publications meet a rigorous standard for fact-checking? thank you. >> congresswoman, i would say we're not the one assessing that standard. the international fact-checking network is the one who is setting that standard. david: clearly, chris, she is not setting any standards, at least in their discussion of your publication but how would you respond? >> she certainly not setting any facts. it is fun to watch the clip. seem's like mark zuckerberg brain restarts with the stupidity of her final question. he reverts back to staring straight ahead. this is offensive, hurtful to our staff. we are a company which, our reporting at great risk to our reporters put numerous white supremacists behind bars, violent, mean, terrible people. mine another owned company, indian-american publisher runs data day. we have jewish employees, hispanic, employees, asian employees, to be called by a white supremacist by congresswoman, it is not hurtful to all of them, what she is trying to do scare businesses away. if our news reporting doesn't like it, tough, fair, she doesn't like it make sure advertisers don't work with us, tech companies don't work with us. american people can't get it. the way to scare corporate america with accusations of racism. it is insidious. david: we wish you the very best luck with the new venture. we'll see how it plays out. you're welcome back here. thank you very much. >> thank you. david: big donors shelling out. why bernie sanders says joe biden is actually selling out. ♪ but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's 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 parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be 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accusing biden buying election. bernie has 33 million on hand and biden has8.9 million. if you look at money, bernie is in better position. biden has to come up in a better position. >> he got into this kind of late. people like bernie sanders, elizabeth warren, pete buttigieg have highly sophisticated fund-raising organizations was created by joe biden's boss barack obama. he wrote the book how to raise small money, sending emails to social media all the time. not clear at all, joe biden, other than going to big democratic donors has any other way of raising that kind of money. just don't see it. he doesn't have the organization. david: charlie you do better following the money better than anybody. if biden don't go to a super-pac, if he says one shouldn't do running for president he will not have enough cash, right? >> probably. who is winning in the polls? i think i saw some poll that had biden up comfortably. kind of interesting. we sit here and we talk about the mechanics of politics. we talk about the inside baseball. david: right. >> when you talk about top line numbers, revenue growth, earnings per share, stuff that matters, biden ahead by a significant amount. he is not raising any money. says something about, you know, his long -- his first day was supposed to be his best day. this is way past the first day. david: just to stick with charlie for a second, you know those democratic donors, they have got disenchanted but are they coming back now? >> where are the donors going? i know the wall street guys. people like jim chanos, types. a lot go to pete buttigieg. once he is out, they go to biden. i don't think he will have problems raising money. beto has to drop out. big money guy, mark gallagher, big time obama supporter i think he is backing beto. i think those guys will go back to him one this thing narrows. david: kristen are you comfortable with a super-pac forming for billionaires and millionaires on wall street? >> i have a question with the issue at all, you're talking about citizens united basically. a candidate cannot coordinate with super-pac. what biden said, you're going to raise money from a super-pac is actually illegal and nobody is doing it because you cannot coordinate. that is money, undisclosed money. that is a different question. i think it is important there will be groups that will come in and support biden because he is not taking an anti-corporate approach. he is not taking elizabeth warren approach. david: are you saying he is being duplicitous because he will take that money anyway? yes you are. >> legally, wouldn't happen for all of them. everybody -- >> what you said makes no sense -- >> trump will have super-pac. >> he will have super-pac no matter what. >> everybody will have super-pac. >> just political weapon that bernie is using. david: what gets me -- >> biden is still the front-runner i believe. david: i have a friend from canada who said to me, why don't you do what we do? restrict amount of money in presidential campaigns? every time congress comes out with a new law, mccain feingold, every time they restrict amount of money super-pacs pump into an election it fails. more money after the new laws. >> we're talking about the reality, big donors for joe biden have become less relevant. what is driving politics now are small donors who give under $200. who is really good at that is donald j. trump. david: the other thing he is good at, a.b. stoddard has piece in "real clear politics" i would recommend, putting together groups of supporters, many who would walk on fire for donald trump. there are hundreds of thousands of them once they get out in the field, poll numbers will turn around and you will see different figures for donald trump. >> i think so. he has extraordinary organization going. it is so funny, charlie, stuff trump gets into, politics, fights all the time, i'm on trumps mailing list along with millions other people. i look email within 15 minutes for those events. see what they're doing? send me five or $10. >> i agree with trump, last time i was inexperienced. look at me and i beat everybody. of the brad parscale, those guys he has well-oiled machine. david: he is a businessman. >> before you start doing high fives -- david: i'm not high-fiving anybody -- >> look at midterms -- >> i'm telling you scream men sy of hatred of donald trump on the left. david: it is tough. >> matches support on the right. people in the middle, with every every time he uses the word, you know, what did he call them, scum something? >> never-trumpers. >> he called them something with the word scum in it, that turns off a lot of people in the middle. i'm telling you, he is not doing himself any favors. you can have the most vocal, vehement supporters don't get the middle. david: giving me a wrap. final word. >> i would agree where we have never-trumpers, always trumpers, you have to look at people independents, center right, center left, they will make deciding decision who is president. david: good stuff. vice president pence taking a shot at the nba. charles barkley is barking back. more after this. ♪ what i love most about being a scientist at 3m is that i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials to buildings... and planes. one idea can unlock a breadth of solutions. at 3m, we are solving problems that improve lives. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. plus, get $250 back when you buy an eligible phone. that's simple. easy. awesome. call, click, or visit a store today. david: what is caviar bar, indoor ski slope, water slides, all have in common? after 15 years, new jersey's american dream mall is finally becoming reality. jackie deangelis, is it almost too much to take in, jackie? reporter: it is a lot to take in. good afternoon to you, david. it was a long dream in the making. it is five miles away from where you are in manhattan in the meadowlands. it is opening in phases. today the nickelodeon entertainment park behind me. you can see that, nickelodeon universe theme park. eight areas, 35 rides. largest indoor park in the western hemisphere. by the end of the year the water park will open, ski slope will open. next march, all the retail space. this whole property is 3 million square feet. 55% entertainment. 45% retail. the company that built it calling it a entertainment destination. not just a mega mall here. it is interesting, because this is supposed to draw people to this area. remember we're just by the meadow lands where they play new york giants games and the jets games as well it is supposed to bring people and compete with the likes of disney and universal. it is not cheap to play here, parking three hours, 3 bucks. eight or more hours, 24. $50 to get all-access pass, david. david: for everything you get for the 50 bucks, might be worth it. jackie, great stuff, thank you. to a basketball beef over china now, take a listen. >> siding with the chinese communist party, silencing free speech, the nba is acting like a wholly owned subsidiary of that authoritarian regime. nike promotes itself as so-called social justice champion. when it comes to hong kong, it prefers checking its social conscience at the door. david: charles barkley hit back at vice president mike pence for calling the nba out on china. do we have that sound bite? let's listen. no, i guess we don't. to internet radio host mike gunzelman. listen how barkley responded to the vice president. go ahead. >> vice president needs to shut the hell up, number one. all american companies are doing business in china. i don't understand why these holier than thou politicians, if they so want to worry about china, why don't we stop all transactions with china? david: to internet radio host mike gunzelman, who is right here? what do you make about barkley. >> this is charles barkley. this is what you get with charles. he seems like a good person to hang out with, he is straight-shooter. his argument, we know all the corporations an companies deal with china. they will deal with them, but this is sports. this is the nba. this is the average person on the street might not know anything about wall street, they understand what is going on here. the fact that the nba or even some of these companies, they're not standing up to china on something that republicans, democrats, anybody who is a human should realize that, these people whether in hong kong or china should have basic human rights. david: but the nba is a company at bottom. >> right. david: they have 4 billion a year. other companies suck up to china as much as the nba. it was disgraceful, they to send him to a reeducation camp it is awful but done by other companies as well. >> it is sport. it is the nba. they're getting that much more backlash, this affects, this is the public eye because it's a sport. the biggest thing with the nba they're selling out to the chinese. it goes from the nba to south park is now banned. tarantino's latest movie can't be seen in china. they don't like the message. are we americans or do we have to listen to china? why should we listen to china based on this stuff? if they don't like the nba, watch the european basketball league. we don't need you. david: what should the nba do. >> they clearly need to do something. this issue is not going away. nba wanted to shelf this. it is not going away. david: you kind of skirted the issue. we agreed what they shouldn't do, but what should they do? >> come out with unified message, and we'll not listen to china. china called for daryl morey to get fired. china should not interject themselves what american can do and nba. the fans would respect the nba if they stand on solid ground. david: do you think there is any chance the nba will be criticizing china? >> absolutely not. because why? money. david: good to see you. thank you very much for being here. mark zuckerberg set to speak about journalism as facebook is set to launch its news tab but he is also set to address a series of controversies after this. that's coming up. while helpingd through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement. i get it all the time. 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(vo) go national. go like a pro. if yothe medicare enrollment up. deadline is only weeks away. don't get stuck with a plan that's the wrong fit, try the new fitscore from healthmarkets, your insurance marketplace. it instantly pairs you with plans that fit your insurance needs by comparing thousands of plans from nationwide companies to maximize your savings and get you the benefits you deserve. and that's why i love healthmarkets, your insurance marketplace. they search thousands of plans from leading insurance companies to find a plan that's right for you. call or visit healthmarkets today for your free plan comparison. you could get a plan with no copays, no deductibles, or zero dollar monthly premiums. get vision or dental coverage including dentures at no additional cost. get plans with hearing aids, glasses, wellness visits, even gym memberships all at no additional cost, or find benefits you may not know exist like home health aide support or everything from vitamins all the way to diabetic supplies. and they can find you a plan to let you keep your doctors. i know that's important for me. you can even find plans with new benefits that you may not know are available. the right medicare fit can make all the difference. switching to a new plan may help you save over $1,200.00 a year in out-of-pocket costs and more. you may also quality for special subsidies that lower your prescription drug costs. are you missing out? don't get stuck in a plan that's the wrong fit all of next year, compare your plan today with the new healthmarkets fitscore and remember, healthmarkets doesn't just work for one insurance company, they work to help you and they do it all for free. ♪ your insurance marketplace healthmarkets ♪ there may be medicare benefits and savings you're missing out on only healthmarkets has the free fitscore call the number on your screen before the deadline call this number now david: welcome back to hour two of "coast to coast." mark zuckerberg about to make remarks on the state of journalism. coincides with facebook launching its new news tab as zuckerberg wants his site to be kind of a one-stop shop for news but his critics are saying just stop it all together. to "wall street journal" columnist jason riley and former jpmorgan chase economist anthony chan. good to see you. thank you for being here. first to you on the business side of this, what could the news division do for facebook? >> it could make it a one-stop shop for people and consumers but one of the things i'm worried about is that i want to make sure if we go in that direction, that the news stories come from both sides of the aisle, that basically you have conservative and you have liberal views. david: we are going to talk about that in a second but just on the actual business side of it, do you think facebook, is this something they can monetize or is it just an imprimatur they're looking for, a stamp they don't have? >> i think eventually they will monetize it because that's what facebook does. it starts out without monetizing things initially, but eventually, all roads lead to profits and that's going to be important for them. david: let's talk about the editorial content. it's a tough nut. we already discussed the fact aoc is now being [ inaudible ] daily caller. it is difficult even if you do it right to get it right. >> but facebook doesn't consider itself a news organization. what you are seeing here from not only people in congress but some of the anti-big business critics that are going after facebook, is they are mad at the company for not sort of refereeing our political debates to their liking. that's a private company. it doesn't have to do that. it's under no obligation at all to do that. millions of people enjoy using facebook. it's one-top shopping for networking. they enjoy it and they don't pay for it. if they don't like it, they will leave. you see that already happening. the market share with younger people who have other options like instagram, snapchat, are leaving. it's not a monopoly either. david: can, anthony, can facebook now avoid the charge and it's kind of funny to call it a charge because some people would consider it to be an honor, but to be a news organization because it eventually, it's going to be hard to suggest that it's not at least putting out -- they have an independent board that decides who's fair and who's not, so they can say that's being sort of outsourced but eventually, don't they become a publisher of sorts? >> the reality is that all these companies to some extent are encroaching and getting bigger and bigger. when you look at twitter, are they a news organization? is facebook? they are all in the same sort of s&p code. are they a full flo-fledged new organization? they're not. but they certainly want to get a toe-hold in that area. >> i would put this in context, a lot of this is bad faith arguing against facebook. you have a sort of anti-corporate progressive sentiment going on here. they not only want to break up facebook, they want to go after google and amazon and all the rest. you know, that is what is driving a lot of this. it's not facebook per se. like i said, if people don't like facebook, they will stop using it. david: competitors are already chiming in. twitter's ceo jack dorsey is going after mark succeederbe zu free speech push, saying there's a certain amount of revisionism that takes away from the authenticity and genuineness of what we are trying to do. >> he's a competitor. david: absolutely. >> keep that in mind. i'm with zuckerberg on free speech. the answer to speech you don't like is more speech. he provides a platform for that. by the way, facebook's size is directly related to its usefulness. why would you force people to use smaller services that are less useful to them by breaking up facebook? david: one thing we saw with the aoc comment, chiding him about including daily caller, they're looking for any excuse. politicians are in a very pro-regulatory mood right now. that may change after the election, i don't know, but right now they are looking to break up all kinds of big tech companies. this may give them some ammunition in their own minds of how to do that. >> that's true. i just came back this week from china where i was presenting at a financial market conference. some of the large investors were salivating and excited that in the united states, we are trying to break up companies like facebook because it will give them an opportunity to get bigger. david: wow. >> if facebook is abusing privacy laws, go after them for that. but the idea that we need to break it up or turn it into some public utility, because we are also happy with the customer service we get from our public utilities, right, i don't buy that. i don't see the argument. david: what if they start buying some of the companies they are featuring in -- >> we'll cross that bridge -- we do have antitrust laws. if we think they are violating them, we will go after them. >> i think all companies want to get bigger. sometimes bigness means you do it organically or by picking up other companies. again, facebook is not the only company can do that. google can do it, amazon can do it, networks can do it. that's what happens in capitalism. david: it also comes at a time where facebook is facing a massive antitrust probe. arkansas's attorney general leslie rutledge was with me yesterday defending her push. listen. >> there are 2.4 billion with a "b" monthly active facebook users. nobody forces them to use the product. from what are you protecting them? >> we want to make sure we are protecting the people of our respective states -- david: from what? >> i protected arkansasans -- because in the event, because they are the largest most personal data that all of us have, they track every single thing that we do and while it may not be for you, no one forces people to use it, it doesn't mean the doesn't come at a cost. david: what is the cost to the consumer? the consumer doesn't have to be part of facebook. >> that's exactly what it means. people voluntarily use the service. millions and millions of people voluntarily, if they think they are being abused, their privacy rights are being violated, they will stop using it. or if they don't think it's particularly useful. people under 25, fewer and fewer of them are using facebook because they have other alternatives. facebook faces competition and in a free market capitalist society that's how we should deal with facebook. david: you mentioned you are just back from china. the china news moving the markets big-time. the dow is off its highs but still up 177 points right now. it does appear, i talked to carl from "forbes" magazine, he says it does appear they are really slowing down as a result of this, they want a deal, are you optimistic we will get phase one pretty soon? >> cautiously optimistic we will move in that direction. you are absolutely right, when you look at industrial production, look at the latest real gdp numbers, it looks to me like next year, chinese economic growth is going to probably be somewhere around 5.9% so a little slower than the 6 plus we have been seeing. david: could you see it with your own eyes? you go there frequentfrequently. >> i was at an ipo conference. people are having more difficulty raising money because of slower economic growth. no doubt. david: there are political implications to this because if in fact there is a phase one, the economy is on sounder footing. it's doing great. the job situation is terrific. wages are up. we are slowing down but it would be on much sounder footing and i imagine the market would be up even further than it is today if we get a phase one. >> maybe. i tend to agree. yes. david: is that going to become an issue during the campaign? we still have this usmca deal pending. >> it will be an issue but i can think of a bunch of other issues out there right now that are probably going to play a larger role next year than this. i think, yes, in terms of our economic fundamentals, yes, trade will be an issue. >> there are high profile aspects of that, and that is agricultural purchases. it's clear to me this year has been a little challenging for farmers and all of a sudden, if you see an increase in farm purchases from the chinese, that's going to be very positive in this election for the incumbent. no doubt. >> it's clear from all the polling that trump's strongest numbers in terms of approval are on the economy. anything that undermines the economic growth in the u.s. could potentially hurt him going forward. david: we have not outlawed business cycles, and we are in one of the most magnificent business cycles we have ever had in my lifetime. how long can it last? >> i think business cycles don't end of old age. they basically end of some catalysts that come in. right now, if we don't put any negative head winds, we can continue. david: facebook's ceo is mark zuckerberg, right now sitting down with news corp ceo robert thompson talking about these issues. let's listen in. >> -- a lot of other folks over the years helped shape my thinking on this. just to give maybe a few minutes up front on kind of from my perspective why i think this is important in the journeys to have gotten here -- >> i just have one question. what took you so long? >> after the last few years, i now have an appreciation that that is the nicest thing you could have said. because that means that he thinks we actually did something good as a journalist, only ask what took so long when you actually have some agreement with what this thing is. otherwise the question would have been immediately diving into why are you still getting all this stuff wrong. i will take that as a compliment. so you know, i believed for a long time, it's very clear that the work that you all do in the news industry and journalism is obviously critical for democracy. i care about giving people a voice so people can share their own experiences, they can share their opinions on things, but these are the days, in order for that to be valuable, there needs to be a strong and free press and people actually going and doing the work of uncovering the truth, and the important stories that people have kind of a basis to talk about and debate and so it's no secret that the internet has really disrupted the news business model, and i just think that every internet platform has the responsibility to try to help fund and form partnerships to support news. the thing that's been really challenging that has made this take longer than i think either of us would have wanted is that we've had this funny dynamic in our community where people come to facebook and our services because it's a social network. they want to stay connected with their friends and family and communities and we get consistent feedback from the vast majority of people on our services that they want to see more content from friends and family and less other stuff. so it's created this dynamic where on the one hand, you know, we personally and because of the values of our company, we really value journalism. certainly we have had a lot of conversations with folks who pushed us quite hard to kind of show more of the content and to enter into relationships where we can fund more of the content creation. but it's just this kind of odd dilemma where, while we've wanted to do that, we were just getting consistent feedback from our community that they generally want to see more from friends and family and less of other stuff. that kind of created an odd dynamic to then be setting up a relationship where you would be going and paying for content that people were saying they actually wanted to see something else instead. so the thing that's changed in the last few years is that we've gotten these secondary tabs to work. sfoer t so for the longest time, newsfeed was synonymous with facebook, that's what everyone's experience was, and i wasn't sure if we would be able to build other tabs or experiences within the asset to get meaningful engagement. what we found now is we built the marketplace tabs that people can go and buy and sell things. we built the watch tabs, people could watch videos. it took a little while to get these things off the ground. in beginning it wasn't clear that they were going to be successful and still today, you know, the majority of people don't use them. but what we found is that even if 10% or 20% of people in our community really want a dedicated experience in an area, that can still be something that tens of millions of people in the u.s. use and hundreds of millions of people around the world, and that certainly can be quite meaningful and worth doing. so that's what we've been working on, basically is working on a dedicated tab for journalism, high quality journalism, in facebook. and this is going to be the first time ever that there is a dedicated space in the app that's focused on high quality journalism in order to help curate the top things that are in there. we're not only doing it algorithmic algorithmically, we have folks with a background in journalism because i don't think it's something that can just be done by computers. of course, we have personalization as well in there. but at least for the top stuff, that's going to be done by people with a background in the space. providence which i'm sure we will get to is an incredibly important thing you pushed me on for awhile. then of course on a financial basis, this is going to be the first time we are forming long-term stable relationships and partnerships with a lot of publishers. i know we have done a lot of experiments and tried different things in the past, and i know frankly that that's also created a lot of thrash in the ecosystem, when we tried something and it didn't work out the way we wanted. that's one of the reasons i wanted to wait until we can prove we can get these other tabs to work before trying to do this in news. wanted to make sure this could be a positive experience, one we could commit to for the long time. for the first time, we are making multi-year financial commitments and hopefully helping to make a long-term sustainable business model in a way that we can be in business together. that's kind of been the journey we've been on. i'm really excited about this. i'm curious from your perspective, you have been on this journey with us and in your business, as well. i'm curious kind of what you have seen, what this journey has been like from your perspective. >> thank you, mark. mark's had quite a week. >> that's by far the best thing. >> i was about to say, normally it comes at the start of the meal. it is a pleasure to be here with mark, to announce a partnership not just with us but with many media companies, and a platform that actually is significant for the future of journalism. as many of you know, news corp has been rather outspoken in the quest for a premium for premium journalism. obviously as a media company, we have a vested interest in that cause but it is also a cause with a social purpose which is to protect and enhance professional journalism and the profound social role that it plays in this country and far beyond. as an executive, i have been able to make the case persistently because of the enduring support of lachlan and rupert murdoch. there are risks involved. i remember a conversation a couple years ago with a media executive who said that he very much agreed with our content critique but was quote, standing behind a very large rock with a pair of binoculars to see what happens to you. the perceived potential punishment would be -- >> that was not me. >> that was not you. it was -- come see me later and i'll tell you. the perceived potential partnership or punishment would be that an algorithm would make journalism disappear or that it simply wasn't worth the digital distress. now, it's obviously been a difficult decade for journalism. pew estimates the number of journalists has fallen 47% during the past ten years. digital news startups have struggled to survive, let alone thrive in a dysfunctional landscape. for exampleished journalism. a little corporate contemplation is also appropriate. publishers and journalists are definitely not absolved from responsibility and need to be held to account for flawed strategies. some have been too tardy in understanding that how readers read and when they read has fundamentally changed and is still evolving. we have to develop a coherent technology but the landscape itself must change. that was an imperative for us and that is what makes the facebook announcement so significant. it is a powerful precedent that will echo around editorial departments. of itself, it begins to change the terms of trade for quality journalism both in establishing the principled payment and in allowing news organizations to have clearer opportunity to generate advertising revenue on their terms. in the past, clickbait became the king of content and egregious gahe gree egregious aggregation was the norm. mark deserves genuine credit for this digital moment. there has been a bit of banter between our companies. >> just a little. >> we've had occasional disagreements, a little content controversy but he has been consistently thoughtful on the subject of journalism. his individual in trtrospections been a catalyst. great journalism not only enhances the internet, it is crucial for the functioning of society, for the protection of rights and public accountability. great journalism will only be sustainable at scale if there is a fundamental change in the digital ecosystem. this announcement is an important step on the road. it is certainly a moment to ponder and recognize. >> all right. >> we're pondering. >> maybe you could talk a little bit about some of the specific points that you've really focused on and pushed me on over the years. provenance has been one of the key things that i think we have talked about for years, the importance of people being able to know where the information is coming from so they can establish that base of trust. i'm curious to hear how you would describe this after all the conversations we've had. >> well, provenance, mark, unfortunately, some digital executives seem to think provenance is a region in southern france. not you, obviously. and protecting and projecting provenance is a crucial part of ensuring the future of journalism. the news landscape is a little lunar at the moment and not just for traditional newspapers. david: we will keep monitoring mark zuckerberg's sit-down but we want to get back to jason riley and anthony chan and now joining us, attorney danielle mcloughlin. good to see you. first to you. this is an interesting point. we just heard 47% of all journalism lost their job over the past ten years as a result of what's been going on with the internet. zuckerberg is now trying to sort of revive journalism. you think he'll succeed? >> if this goes according to his plan, he might just do that. what i love about this moment is he is bringing local journalism into facebook pages, he's bringing eyeballs to those local news publications which by and large have suffered the most from the decline in journalism that we have seen not only in the u.s. but across the world. i love that it will be local content. it appears, we need to flesh this out, there will be articles available to facebook users that would not be behind a paywall. david: that's a very interesting point. just about everybody now, there are so many websites, i want to look at an article, no, no, you got to pay, you got to give this much money. >> i was on the internet while watching zuck speak. it appears there's a subscription wall that the "wall street journal" and others are using, they will make exceptions so they will still get the money and eyeballs but in a different way. david: that's interesting. you are part of the wall. i'm wondering if you're worried about it cannibalizing a little bit of the business side of the internet model. the "wall street journal" has been very successful. you have two or three million now people that have subscribed to the internet version of "wall street journal." will that pull away from it at all if you give freebies on facebo facebook? >> i guess there's a chance of that happening, but it sounds like thomson and others who looked at this and said it's worth it. the exposure that facebook can give general content is worth it. the "journal" was one of the few newspapers that has charged from day one, when putting its content up. other papers and other publications came along later and tried to do it and the transition was difficult because they had been giving it away for free for a number of years. then they suddenly said you have to pay. the "journal" hasn't had that issue. there is always expectation that our content is worth paying for. this is in that tradition. david: it's kind of like cable tv providing you with a lot of different channels but of course, you have to pay for the cable. in this case, facebook is free. i'm wondering if they're going to start charging or have that option so that if you want everything cutting through the paywall, you charge a fee and get it through facebook. >> it becomes so successful that everybody wants it, of course you can monetize it further. david: we were talking about how to monetize it. that might be one of the ways. >> right now when a restaurant offers a free appetizer, it's a great restaurant, you go in. then you will spend maybe 20 times the value of that appetizer. i think it introduces and creates opportunities for the "wall street journal" and many other paying subscriptions out there by giving them a taste to people who were not exposed to them. david: a whole new ball game. again, a question of regulators and how they may try to stop all this. president trump is heading to south carolina right now. where joe biden could be facing a hurdle that could hurt his 2020 hopes. we will explain after this. there's a power in listening; it's what gives audible members an edge. it opens our minds, changes our perspective, connects us, and pushes us further. the most inspiring minds, the most compelling stories: audible. i wanted more that's why i've got the power of 1 2 3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the power of 1-2-3. ♪ trelegy 1-2-3 trelegy. with trelegy and the power of 1 2 3, i'm breathing better. trelegy works 3 ways to open airways, keep them open and reduce inflammation for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and 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joe biden, elizabeth warren, pete buttigieg and others are going to be speaking throughout the weekend. this amid signs that joe biden's stronghold is weakening. he's losing ground to elizabeth warren in recent polls there. back with the panel. so jason, the question's how worried is joe biden, what might he do? some people say this is why all the talk about creating a super pac now. >> he's worried about raising money, obviously. that's why he's doing it. he doesn't acknowledge that. he says he's doing it because trump is trying to dig up dirt on him. but it's because he is struggling. and others have -- other democrats have noted how little money he has on hand and how far he still has to go in this race. so that is a problem. i still think what he has going for him is that people think elizabeth warren, his closest rival, is still unelectable. what joe biden has going for him is his electability. the other thing he has going for him, demonstrated by his appearance at benedict college, an historically black college, he has black support. none of these other top tier candidates have the black support that he has. and democrats can't win without significant black support. david: elizabeth warren and bernie sanders but more elizabeth warren had three or four weeks where she was in the spotlight because she was up and coming, she was doing much better. some of the polls showed her ahead of biden for awhile. then there's a little pullback. i'm wondering if the pullback is because they began to think we like her energy, she's younger than joe, she may be sharper than joe, but she's less electable than joe. >> she also, her vision for america is really starkly different, even if you just take health care. one of the issues obviously democratic candidates are speaking a lot about. she is for medicare for all and he is for obamacare, an extension of obamacare. fundamentally different things. david: she won't answer whether the middle class will pay for it. >> there are obviously outstanding questions about taxation and who actually pays for this and whether the uptick in -- downtick in taxes shakes out. she took more hits in the last debate because she was the emerging frontrunner, the rising frontrunner, so it's going to be interesting over the next two to three weeks, certainly as we roll into iowa, how taking that extra flack affects her with polling. david: anthony, her ideas about changing corporate america are really scaring a lot of people in corporate america. >> they are scaring people in the finance business, scaring them in other parts of the business sector out there. with regard to money, yes, money is important but it's not the end-all. take somebody like bernie sanders, he hasn't had as much difficulty raising money but the odds of him getting elected are not so good. david: they're not, but again, elizabeth warren was coming up in the polls until i think a lot of people began to look over, the questions whether the middle class was going to be paying higher taxes to pay for her health plan and then of course, the question about whether businesses were going to be essentially changed fundamentally in terms of what capitalism is. there is also the question about what is going to be happening when trump gets the horses out. ab stoddard referred to this piece in real clear politics suggesting there are so many troops that trump has that are loyal to the nth degree that once they start moving out there, once the facebook ads which we missouri tknow the trun was successful with in 2016, start to come out. jared kushner was involved with that in 2016. once that begins to happen, the polls, the overall polls, trump versus whichever democrat is nominee, are going to change. >> i'm skeptical. we have seen trump polling in terms of job approval in the low 40s pretty consistently. that's despite relatively strong economy. a 50-year low unemployment rate. yet those job approval numbers just have not budged. what that demonstrates to me, the stoddard piece you mentioned demonstrates to me, remember, trump got elected without spending a lot of money last time and without much of a ground game. he held these rallies. he didn't go door to door. he wasn't hanging out at state fairs. so if he's got a ground game now and money now, and could win without either of those two things last go-round, i think that should worry the democrats. >> certainly. remember, we still have an enormously large field of democrats, 12 in the last debate stage. we might get 12 again in november. collectively they raised about $130 million in the third quarter. trump raised about $125 million. there is money, democrats are opening their wallets but it's being split 12, up to 16 ways. it gets more interesting when we get close to a general. david: one problem with getting to the convention is there may be an impeachment trial going on. so many of the leading candidates including warren and bernie sanders would be taking time out from the campaign trail in order to be part of that trial. >> yet this will be televised and this will be, we will see this on television all day every day. i very much hope it will be televised so we may see, i hate to be cynical about it, but free air for some of the senators, such as the president got in the last cycle. >> i think that right now when you look at these candidates running around, you have to say to yourself right now the democrats, everybody knows it's true for senator warren, but the reality is that the whole spectrum of democrats, there is still that doubt about whether they really can compete with trump. that's going to be used as an advantage on the republican side. david: all right. we have -- i think we have a sound bite in president trump from the last hour. play that and get your reaction. >> if anything ever happens with this phony witch hunt that the democrats are doing, the do-nothing democrats, i really believe that you would have a recession depression the likes of which this company hasn't seen. david: we talked about wall street's fears with regard to elizabeth warren. frankly, even if joe biden, joe biden has gone so far out there in order to compete with the left wing of the democratic party, some people say even if it was joe biden, markets would pull back. what do you think? >> i'm less certain of that. i think it's pretty obvious that biden is moving left to take some of these positions because it is the primary and that has been traditionally what a candidate has done. so i'm not sure that the markets would respond the same way to biden. i think the markets see an elizabeth warren, a bernie sanders, as the real thing. they're not pretending to be left wingers. they really are out there. joe biden i think they are giving some slack. david: if liz warren tried to move back, she's so committed herself to these huge plans, whether it's health care, it would be hard for her to pull back now. >> i don't see her, this is the entirety of her candidacy. she is a true believer in these plans. and she will, if elected, i'm sure, work to get them enacted. the problem of course becomes if she -- president trump, president obama before him, certainly they end up with a divided congress and obstructive congress who doesn't let them get anything done. david: joe biden would raise the corporate tax, maybe not to what it was before the president lowered them down to 21% but close to where it was, up to that 35% level. that's what led a lot of american companies to go overseas, to go to ireland and other places. we know that. we have seen companies that have done that. a lot of them did come back because the lower corporate rates. if joe biden, the most moderate of all democrats, is elected, what are the chances we might see this exodus by the business community out of the united states again? >> i think the hands or the decision on that matter will depend heavily on the breakdown or composition of congress. joe biden or even elizabeth warren may have ideas but if somehow congress doesn't allow them to pass that legislation -- type of legislation, it just won't happen. david: got to take a short break. amazon shares paring losses despite less than stellar earnings. that's coming less. charles payne on whether or not amazon is primed for a bumpy road ahead. i get it all the time. 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what do you think? >> i think wall street realizes that some sort of a deal or truce or cease-fire is in the best interest of china, in the best interest of the united states, so guess what? we are probably going to move in that direction. will we close it? i guess it remains to be seen. we are certainly going to try our darndest to get there. david: what's interesting, we have two sort of narratives going on in the deal with china. one is the trade narrative where everything is going great. but the rhetoric with regard to human rights and everything is getting hotter than ever. >> we have always had this issue with china. political liberties versus economic liberties and so forth and human rights concerns. i do agree, this seems to me like more of a truce or cease-fire than a deal. i have yet to see what we have gained from going through this. in terms materially, what we've gained from going through this. i think we have hurt our export markets. i think people, the farmers are hurting. if trump does well in those states next year it will be notwithstanding this, not because of what is going on here. david: like him or don't like him, donald trump has done what no president before him has ever done which is to convince people, not just americans, but the whole world, of what china was doing that needed to be criticized. >> he has certainly taken the hardest stand as it relates to these tariffs on china's i.p. abuses and currency fixing and other things. this phase one looks extremely promising. i.p. rights which is so central to the american economy, particularly those rights on behalf of u.s. companies, looks like it might be part of this deal and looks like china is also going to commit to $30 billion to $40 billion of agricultural imports which will help our soybean farmers and makes them progress towards resurrecting some of those markets that really have been decimated. david: i want to bring out a conspiracy theory that's been circulating for awhile that the president, knowing that if he got a china deal, even if it was just a phase one, so to speak, the market would pop as a result and that's why he's been stretching this out as long as he's been stretching it out. he could have had a phase one a year ago, but he didn't because it wasn't going to have as much of an impact on 2020. what do you think? >> he's a brilliant political strategist. i will never take that away from him. nobody expected -- few people expected him to do what he did in 2016. that may be the case. i would have concerns of all the harm that was done and the tariffs thatconsumer if this is about getting a pop in the pre-election year. david: in the end, despite all the downward turns of the economy, not just ours but particularly what's happening in europe, a lot of it has to do with their bad moves but some of it has to do with the slowing of trade, are we better off with a deal that really gets something substantive done about the abuse we have taken from china? >> i don't think on either side of the aisle, you will get much complaint, if all of a sudden a lot of the feeling of our i.p. and the unfair trade practices were at least slowing down or being reduced 30%, 40%, 50%, it is a win. now, did we pay a price for it? of course we did. but at the end of the day if we make progress, i think we can all go home and say we at least got closer to mission accomplished. david: somebody has been saying that for at least a year now is charles payne. charles, you have been telling us all this for a long time that yes, there was going to be pain in dealing with china but you have to deal with the pain in order to get what you need from a country that's been ripping us off for a long time. right? charles: absolutely. in fact, there's been less pain than i anticipated, to be quite frank with you, when this whole thing began. if you think about the meteoric wage increases, we tickled a brand new high earlier today on the s&p 500, but there is a long-term consequence to this trade war. it will echo in our country long after we come to an agreement. some academic studies show how badly these poor trade deals have hurt america's youth, young americans, particularly young men. we will talk about that. we will celebrate the markets. david: amazon. got to talk about amazon today. nobody thought -- well, a lot of people didn't think with regard to the one-day delivery, it would add up to the point where it really cut into profits, right? charles: i'm not sure what the estimates were there but remember, there was a time when amazon's stock went up year after year because they were building this behemoth. so it's intriguing but also, one of the things about amazon shares today, amazon, 3m, ibm, caterpillar, all four major earnings losers in the earnings season so far. they are some of the better acting stocks since the opening bell. remember, amazon was off more than 100 points, down only 32 right now. david: intel and caterpillar going gangbusters now. that's a good sign for the combloefr all, isn't it? charles: a great sign for the economy. i'm also seeing things on manufacturing nobody is talking about, the philly fed, the richmond fed, yesterday the kansas city fed, the markets other things that suggest to me american manufacturers are looking for a deal within the next six months. the divergence between what they see at this moment and six months from now, they are anticipating significant increases in employment, shipping, new orders and by the way, consumer confidence, let me tell you something, people, it's an all-time record for the amount of americans that anticipate higher wages. that means they will probably have more confidence to go out and spend. david: if you want to feel good, just talk to charles payne. he always turns things around. great stuff. see you coming up in about 15 minutes. charles barkley firing back at vice president pence over china, but is he barking up the wrong tree? we'll debate all that after this. ♪ ♪ strongve is one of a kind brilliant unbreakable ♪ engagement rings now 20- 40 percent off shop unique bridal styles at zales, the diamond store hey. ♪hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. david: in a divided washington, d.c., people on the left and the right are coming together to cheer on the nationals, the baseball team. president trump saying he'll go to game five. connell mcshane is live at nationals park and connell, i realize you would much rather be filling in for neil here in my spot, so i thank you for making the sacrifice to go to the ballpark instead. you're very kind. connell: to use a sports metaphor, i have always been a team player. you know that. i was willing to come out and talk to you guys about the world series. listen, you point out president trump wants to go to game five. that's if there's a game five. if the nationals win tonight and tomorrow, there won't be one. they would be world series champions which is kind of amazing. you're right, it is fun to come to washington and be talking about sports, be talking about the city coming together rather than being driven apart. there's also a money angle to all this on both the off the field side and on the field side that we kind of find interesting. for example, if you're a fan and you want to come to the game tonight, forget about being one of the big politicians, just a regular fan, it's a hot ticket. i was looking at some of the online sites to see what they're going for. the cheapest one i could find is $1,000. you wouldn't get a seat. that's standing room. it goes up to $15,000 each for a couple seats behind home plate. that's kind of the off the field talk about the money. on the field, lot of people don't know this, the washington nationals have been a red-hot team since getting off to a terrible start and they have some high-priced talent on their team. in fact, the two highest paid players, in baseball this year, are both nationals. both pitchers. strasburg and scherzer, making $38 million and $37 million respectively. you might say they have an advantage there in their great pitching staff. the other place, i will wrap with this, where they have an advantage, they went to houston and they won the first two games. it's hard to go on the road in the world series. if you do that, you usually set yourself up well. only three teams have come back from losing the first two at home, the '85 royals, '86 mets, '96 yankees, to actually win the world series. it's going to be tough for houston, not impossible, but going to be tough. and this city is fired up. we will have "after the bell" live from the field today. melissa is in the studio, i'm on the field. ken rosenthal from fox sports will join us. see you then. david: you lucky guy. by the way, $3400 for a ticket for one of these lobbyists is nothing. that's chump change for those guys. that's another story. connell, we will be looking forward to seeing you at 4:00 today. also in sports, there's this. charles barkley calling out vice president pence for singling out the nba on china. listen. >> vice president pence needs to shut the hell up, number one. all american companies are doing business in china. i don't understand why these holier than thou politicians, if they so want to worry about china, why don't they stop all transactions with china? david: he has a point. i don't know. what do you think? >> i think he does have a point about the hypocrisy going on here about the nba doing business in china when so many other companies do. including other companies involved, you know, in the nba like nike and so forth. but that shouldn't stop the nba or excuse the nba's behavior here. i think really, shaquille o'neal showed us how this should be done when he came to the defense of the general manager of houston for the tweets in support of the hong kong protesters. i think that was the right way to use his celebrity. i think that's what most nba fans expected out of the league. so i hope people follow shaq's lead. david: as part of what the vice president was saying is that, you know, they are quick to criticize any trouble that we're having here in the united states, but they go, bend backwards trying to defend the chinese. >> the vice president was talking about more than basketball in china with that remark. let's put it that way. david: but it is a valid point to make that a lot of these companies go to china and wear these moral blinders. i don't know, we were talking before about how president trump has kind of lifted the veil off the awful things china has been doing in terms of the economy, has that veil also been lifted off in terms of hong kong, we see the way they retreat the minority groups in the north, a lot of that ugly stuff is coming to the surface now. >> we are in the throes and have been for a number of years of this trade deal we have been speaking about on the show so actually, i feel there has been such a focus on the trade deal and such concern not to inflame chinese sensibilities about its human rights record that this country hasn't really stood up for it either. i agree with charles barkley. the nba by walking this back has kowtowed to china and was acting like a wholly owned subsidiary of the authoritarian regime. setting aside that rhetoric is pretty spicy for a vice president, we have done the same thing on this trade deal and he's right, many companies do this, they turn a blind eye because of the huge marketplace that is made in china. david: what bothered me more than anything else were the way the nba dealt with this, when they went on and forced darryl morey, the gm, who made the pro-hong kong comments, to make him walk it back. it was like, you know, they used to have these reeducation centers in communist country where if you said anything that was against the communist way of being, you had to be publicly humiliated. there seemed to be a little bit of that in there. >> there was a little bit of that. but one point that charles barkley said, if you are doing business with china, there's no reason why you have to go out of your way to insult them. but that doesn't mean that we have to agree with their system. we have a capitalist country. i love freedom. that doesn't mean that i'm going to go and say i want to adopt a communist doctrine. but at the same time, there's a difference between supporting their doctrine and going out of your way to actually discredit them or insult them. >> let's also, i mean, there's a lot more the trump administration could be saying about what is going on with those hong kong protesters. david: true. >> the idea that, i mean, mike pence could be saying more. donald trump could be saying more. their words would carry a lot more weight than the general manager or shaquille o'neal or charles barkley, for that matter. i mean, they have been relatively silent on what is going on with these hong kong protesters and they could be playing a huge role. david: how? what could they do? >> just talking about it. talking about it. when donald trump speaks, when vice president pence speaks, they have a huge soapbox about this. china doesn't want them talking about it and they seem to be appealing to that. >> you think about this in light of this country and its position in the post-world war ii order, it's comprised of hard power for military power, economic power but soft power, too. we have exported our values, our freedoms, many freedoms around the world, so i think in terms of maintaining our hegemony, soft power matters. it's why we stand up for our values and our freedoms. i would love to see not only the nba but more people in government do the same. david: we're looking at the market, it's up 176 points now on the dow. a lot of that has to do with china. if there is something that happens in hong kong, whether the vice president or the president wants to say something or not, but if they really feel the need, the chinese, and they may pull back now because they want a trade deal, but that could kill a trade deal, right? that could be the fly in the ointment. >> i think washington has made it very clear if the chinese take super-aggressive steps, that will in fact spread over into the potential trade deal. but what's wrong with getting along? as anthony bourdain said, i don't have to like you, i don't need to agree with you, if i don't agree with you, doesn't mean i have to hate you. i can still like you even if i disagree. david: although, that brings us back to the investigations going on in washington, jason, it's amazing how the market just doesn't care about it. we are so consumed at all the news channels by what's going on, there are so many investigations. >> maybe they just can't keep up. they change from day to day. david: is there any point if we do go into an official impeachment trial, will that begin to affect the markets? >> yes. yes, i think it will. the uncertainty that will go along with that would certainly affect the markets. david: you agree? >> i do agree. i think we've got a ways to go because this one, it still appears to be even if impeachment articles, it's a foregone conclusion. >> i agree but i want to see what's going on in the senate. the senate is basically saying it's a no-go -- david: i want to see what's going on in the investigations. it's all in secret so nobody sees anything. s&p 500 in record territory. it looks for its 14th record close for this year. more after this. liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ . . gold! nice rock. it's time to drop gold. go digital. go grayscale. charles: can the s&p 500 close in report territory. i will tell you 5:00 p.m. eastern time. we'll know an "bulls & bears." i'm filling in tomorrow on fox news channel. "cavuto live," 10:00 a.m. to noon. right now charles payne will take you through the next hour. charles? charles: david, thank you very much. i'm charles payne. this is making money. breaking this moment, looking to end the week in the green, perhaps record territory, another major day for earnings. we're halfway through. what the metsage is. forget about the beats. i will tell you what is really happening. plus top u.s. and chinese officials talking trade today. this after vice president pence blasted beijing in a peach, president trump called fine. obviously did not rankle or dissuade china. warning for seniors. scammers are after you, and what you need to know. all that and more on