Have to wait 250 years to wait as much as men. All that and so much more on making money. The senate exists for moments like this. That is why this body has the ultimate say in impeachments. I heard some of what Mitch Mcconnell said today, and it reminded me our founders when they wrote the constitution, they suspected that there could be a rogue president. I dont think they suspected we could have a rogue president and leader in the senate at the same time. Neil Charles HouseSpeaker Nancy Pelosi and Senate Majority leader Mitch Mcconnell facing the nation less than 24 hours after democrats voted to impeach President Trump. Now the white house is gearing up for a trial. What will be their line of defense . Well now talk with the chief of staff to Vice President pence, mark short. Mark, thanks for joining us. Thanks for having me back on again. Now it is out there. Feels like nancy pelosi will hold these articles hostage. Perhaps they will never make it to the senate. What do you make of that . I think that American People need no further proof a charade, what a farce this whole exercise has been. We were told for a long time, this president , this administration posed a great danger to our country. We need to rush through this and trample all over the Constitutional Rights of the president to rush this along. Then well hold it and not send it to the senate. I think vast majority of American People grown frustrated with the process. At they watch today their cynicism is even higher. What nancy pelosi has not done is pursue impeachment. What she wants to do is have a political game to satisfy the far leftwing of her caucus. That is where we sit today. I think the American Peoples voices will be heard. Charles to the point, President Trump calls it impeachment light considering the buildup, all of things he has been accused of by the democratic party, i was sure righted how limited the scope was. Now that sense of your again sy that that urgency to get this point taking a back seat what you call political shenanigans. How does the white house deal with this . To your first point the reason the case is so slim they never had a case. Reality provided more to ukraine than previous administration. We provided lethal weapons. They provided money within the time frame was allowed. There never was a case. It is surely political. The way the white house will deal with it, continue to talk to the American People, you will see this american president do things that generate growth in our economy, record low unemployment. Lowest been in 50 years. Lowest ever for hispanicamericans, black americans, asianamericans. You see growth in our country and not just low Unemployment Rate we expect you see growth with trade and growth with gdp. This president will continue to work for the American People. That is how well focus and deal with it. Charles i want to focus on the trade comment you made. Looks like the house is really close, this time passing usmca ahead of the vote President Trump ripping democrats because theyre trying to take credit for the deal. Take a listen, mark. Now the democrats trying to take credit for this deal. Thats okay. [booing ] whatever it takes, seven months it sits, we dont give anything i spoke to the unions day before. Fellows you got to get it done. Union labor loves you. I love you too, sir. I love you too, sir. [cheering] charles mark, tell us the significance of it, maybe how close it didnt come to fruition because mexico wasnt happy with some of the tinkering that the democrats did . Well i think this president actually negotiated that deal with mexico and canada, signed that part over 12 month ago. It has been sitting on Nancy Pelosis desk for a year. Were pleased that theyre finally bringing it forward to a vote. We think it could have benefited American Workers before now. We think it crosses finish line in january, when it gets through the United States senate. Some of the International Trade commission estimates said it would create up to 167 new jobs and grow the economy by billions of dollars. That is actually the median number. Their estimate said if you to on highend, if things could go well, you create 500,000 new jobs and add a point to the gdp. Upper end of estimates are incredibly significant. We think it also, charles, provides a template for other great trade deals. The president is anxious to work on trade deal with the uk as soon as brexit is completed t provides a template for deals with europe and asia. Charles marc short, thank you very much. Thanks for having me on, charles. Charles president s impeachment not stopping the market from hitting alltime highs. Could the vote help this rally with the president high on reelection chances . We have david dietze and heather zumarriaga. Here is the way i connected the dots. The economy is soaring, the market is soaring, since impeachment has begun President Trumps ratings have soared. Maybe impeachment is helping this market . It sure is. That is what were seeing today. The stock market thinks impeachment is partisan sham. That is what it turned out to be, the impeachment is widening President Trumps, i think 2020 poll numbers as well as potential victory in 2020. That is only helping him. That is why the stock market is rising. He is good for business. He is good for the economy. And having President Trump and administration and white house good for our stock market. Charles david, it seems, now, with same six months ago counterintuitive, president of the night impeached, the day of the process were soaring in this market. Youve been around for a while. Youve seen a lot of Different Things. Are you shocked at this . No im not. At the end of the day i think the markets and economy are driven by fundamentals. Whatever the impeachment process is, you cant draw a line between that, higher taxes, lower prices. What i think markets are responding too here, continued strength in the consumer. Lowest unemployment in 50 years. We have platforms for leg higher as weve got phase one, soon on its way to being signed. We have nafta 2. 0 which will increase trade between our neighbors to the south and to the north. I think that is what markets are responding to. In terms of today. I think the fact the vote was strictly along partisan lines is clueing in to the American People there is no fire underneath this smoke. Therefore it sets up mr. Trump very well. Charles heather, i want to ask you about a development no one is really talking about yet in the summer two and 10year inverted, 10year yields more, headlines screamed across the nation, recession, recession. Theyre at highest point since last year the gap between the two . What are economic implications of that . How does it change the dynamics of the stock market. Obviously people searching for the yield from the stock market might be lured into the bond market . That gives a reason for the fed in the future to increase rates. Some people scream, no, no, not yet. But when you look at the economic backdrop, the only reason why our yields were so low because we had a global recession and flight to safety, flight to quality in the u. S. Markets. If our economy is strong, unemployment at 50 year lows, and inflation remains in check, if inflation heads up a little bit higher, then i think the fed can remain on paws. You can see Interest Rates head higher now that we dont have the inverted yield curve. Charles i dont think the fed will do anything with hiking rates until were well over 2 . For a period of time. Not the first time. So, but, from an investors point of view, because some people argue this means that money is coming out of bonds. Going into stocks, where is it going . If youre looking for 2 yield, no better place now than perhaps the 10year . I think we have to go much further than 2 before that kind of a recalculation comes into effect. I think right now investors and market important pants are happy the yield curve is steeper and steeper. Great for the banks. No more sector out there. People are seeing economy pick up a little bit of steam, a little bit of inflation is a good thing. Charles david said there is no more important sector than financials, heather. The hottest is Technology Led by semiconductors. Micron blew them out of the water, gave great guidance for industry. The stock is up 50 . Morgan stanley raised their thing on it from avoiding it to in line whatever the heck that means. Wall street missed this, but should our viewers stay the course . Absolutely the Technology Sector is a sector set to emerge when you talk about a chinese trade deal, phase one is not completely signed but, the tech sector will benefit the most. Micron would benefit especially when you look at the fact they supply Companies Like apple. Apple relies heavily on china out of 218 million phones sold last year in 2018. Most of them were assembled in china. Now according to reuters if we have the tariffs suspended or lifted, 115 million worth of iphone sales, technology goods, will ramp up apple sales. That is micron depends on health of apple and the trade deal. Why youre seeing their stock up today. Charles micron has been a monster stock all year long but so has heather. David, heather, thank you very much. Appreciate it. You got it. Charles speaking later in the hour, apple, google, amazon deciding to play nice over Home Technology but is there something deeper going on with this technology truce . I see defend 19 headwinds becoming 2020 tailwinds. I will ask wall streets best why economists continue to play it so close to the vest. Remember four months ago, we had one little period we had a little downturn, oh, were going into recession. I said dont worry about it. All of sudden in the past week we set Brand New Records in the history of the various stock markets. Step up, please. Empty your pockets. Looks like youre all set for that business trip. Youve got your smartphone, laptop, your other smartphone. Woman is this all the devices you have . Your tablet. Seriously . Smartwatch, your backup tablet, and. Woman anything else in your bag . Whatever that is. beeping this isnt working. Introducing Samsung Mobile workspace solutions. With the galaxy note10 with dex software, you can run your entire business on the one device that does it all. Samsung business solutions. May your holidays that dglow bright and all your dreams take flight. Lease the glc 300 suv for 439 a month with credit toward your first months payment at the mercedesbenz winter event. Charles after months of recession fears economists are finally letting it go. A new survey pointed out by the wall street Journal Economists expect the u. S. Expansion continue in the new year although slower pace for them in 2019. I want to give you mine, the payne 2020 out look. Gdp i think 3 plus. Wage growth, 4 plus. S p 500 i think will be up 15 . I want to see if she agrees. I want to bring in kpm go. Chief economist, constance hunter. Its been too long. Glad to be here. Charles let me give you my rationale for all of this. I think a couple of key headwinds will be tailwinds. Business investment will pick up big time. That would be great if it happens. Charles that would be great. If there is are signs of it, empire state current manufacturing report, where they expect six months from now, other parts of it. Household formation, highest level since 2013. Greater signs, maybe, maybe millenials are moving out, forming households, having children, bedrock of any economy and trade. So i think that these numbers are going to be obtainable. Am i wrong. Okay. If we get your wage number it is possible but were looking for consumption to slow down because the pace of jobs growth will naturally slow. We just dont have the labor force, even if we get greater labor force participation, we dont have the labor force to add this many jobs. Job growth growing 2 yearoveryear beginning of this year, now down to 1. 5 yearoveryear growth rate. We expect that to slow to 1 throughout 2020. Charles does that mean my wage argument then, if you have scarcity of workers . It helps for productivity growth. Firms dont like to pay up for workers if there is just scarcity. They like to pay up for scarcity and productivity growth. I like to refer to one thing you said, fears of recession, expectation if the expansion continues, you think about it, we went 180 degrees, people were expecting three or four rate hikes in 2019, but we got three rate cuts. Youre seeing housing turn around. More basis points down 300 points. I think housing thesis is 100 strong. Charles the last time napa put out survey. 1. 3 growth next year. An improvement, more importantly. Charles improvement. 3 4 saw at least one rate cut. Some saw two rate cuts next year. I still feel like why are economists, you know, professional economists, wall street economists so much more cautious than like say, an armchair economist like me . Well, i think part of it charles dont laugh at me . Im not laughing. Looking at me. Im laughing at economists, right . We have models that take the longterm trends, longterm views, if you look for example, what is happening with auto sales, big part of the economy, that went from flatlined to down a little bit. With will cause that to increase . If you see the jobs rate slow which has nothing to do with the underlying economy. Merely age of expansion and growth rate of working age population. Those are mathematical realities that you put a governor around it. I would love to see wage increases. Weve gotten a little gunshy, the fed has gotten a little gunshy, if you look at the fed forecast, well get to our inflation target, well get to our inflation target and we havent obtained it nor has any other economy obtained inflation targets. Charles bottom line you ray agree well have pretty good year next year . I think well have growth. The big wild card if we get a shock from overseas, which i dont rule out especially coming from china. Their economy is in a tricky place. If you just base it on the u. S. Economy alone, were looking for continued expansion. Charles china bailed out another bank, 14 billion. Their debtloads are making a lot of people afraid. Constance, great to have you. Always appreciate it. Thank you. Charles one day after impeaching President Trump, the house is expected to overwhelmingly pass one of his Biggest Campaign promises, the usmca. Well have live reaction from capitol hill. Three biggest names in tech, apple, amazon, google, theyre joining forces to make home devices more compatible. As investor i love it. As a private citizen im a little skeptical. Tweet me cvpayne. I want to know what you think. I will be right back. Look at all this ink it comes with. Big ink tanks. Lots of ink. No more cartridges. Incredible amount of ink. The epson ecotank. Just fill and chill. Woman friction points, those obstacles that limit a companys growth. I try to find companies that turn these challenges into opportunities. Its these unique companies with Creative Business models that will generate value for our investors. Thats why i go beyond the numbers. That will generate value for our investors. At chevy, were all about bringing families together. This time of year, thats really important. So were making it easier than ever to become part of our family. Thats why our chevy employee discount is now available to everyone. The chevy price you pay is what we pay. Not a cent more. Family is important to us. And we want you to be part of ours. So happy holidays. And welcome to the family. All the chevy family get the chevy employee discount for everyone today. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. This is the epson no more buying cartridges. Big ink tanks. Lots of ink. Print about. This many pages. The epson ecotank. Just fill and chill. Charles for my favorite story of the day, apple, google, amazon, they will join forces to make their devices more compatible with each other. This is part of an alliance felt turing other Semiconductor Companies but is this for the greater good . I want to ask money map strategist keith fitzgerald, youre my favorite guest when it comes to tech stuff, but there is always sew societal impact. Internet of things weve been talking about things, everything will be huge. Everything is connected. Refrigerators will connect to the supermarkets and talk to the bathtub and everything will know everything. How do we invest in that . Oh, boy, this is the greatest part of the equation, because if you think about it, we can standardized toilet seats in this country, standardize computer operating systems and standardize home operate be systems and internet of things. This is about data and chipmakers, suppliers making everything from the stuff inside these to the plastic cords that power them. Charles to me im thinking nvidia. I think nvidia makes ultimate iot chip. If there is a universal language, not disparate operating systems, adoption will happen a lot sooner, that means opportunities for a company like that, my mind . I tell you what, you just named my favorite play in this space. They have a long lead. They know what theyre doing. They have the manufacturing, they have the technology, theyre putting key deals together, the stock has risen Something Like 1000 percent in the last five years. Average earnings per share growth yearoveryear is somewhere in the 30 to 60 range consistently. Theyre e