tv Making Money With Charles Payne FOX Business April 29, 2019 2:00pm-3:00pm EDT
this week i believe all told is the busiest week earningswise for the s&p 500 companies with the s&p and nasdaq both hovering around record highs. that is the setup. charles payne is here. he will take you through the next hour. hey, charles. >> connell, thank you very much. i'm charles payne this is making money. breaking stocks are higher. s&p 500 and nasdaq hitting all time highs again. let me say this because you don't hear it a lot, all-time highs. economic strength, consumer spending powering the stealth rally. you know what? it could be ready to shift into overdrive. we'll talk about the market melt-up with some experts later on. joe biden in the all important battleground state of pennsylvania. will be the first official campaign stop. first speech in the race next hour. a live preview coming from pittsburgh. boeing ceo facing shareholders first time since the deadly 737
crash crashes, he used the black swan excuse, spreading blame without little contrition. people are upset about that. that and a whole lot more on "making money." ♪ charles: we begin with former vice president president joe biden looking to november of 2020. he is planting his flag right now in pennsylvania one of his first two home states in about an hour. pennsylvania expected to be a major factor in the electoral college but not necessarily in the primary. hillary vaughn in pittsburgh where the doors will open shortly. hillary. reporter: charles, this pittsburgh pit stop is all about winning pennsylvania back in the general election. joe biden saying he wants to win pennsylvania for the democrats in 2020 after president trump flipped it to red in 2016. our fox group hot up with the former vice president earlier
here at the venue today. we'll explain why he chose pennsylvania. >> why pittsburgh? why is this your first stop? what's the message. >> great city. bring back the middle class. reporter: the middle class is the focus of biden's speech today, as he makes a pitch for powerful unions and teamsters. fresh off endorsement from the international association of firefighters. biden the first democrat candidate to pick up the endorsement that union endorsement caught tension attention of uggs. the dues sucking firefighters leadership will always support democrats even though the membership wants me. some things never change. biden blasting trump's trash talk on twitter, tweeting back. i'm sick of this president bad-mouthing unions. minimum wage, over time pay, 40 hour work week they exist for all of us because unions fight for rights. we need a president who honors
them and their work. biden will put his face in front of several union members in line. a lot of people say they have supported biden because they think he is the best shot winning in 2020. charles? charles: hillary, thank you very much. so as biden's emphasis on pennsylvania and blue color collar voters. we ask marianne marsh, lanhee chen from the hudson institute and james pendal from the "boston globe." marianne, feels like biden is jumping straight to november. he will talk to blue-collar workers, talk to a pivotal swing state where the overall party is stuck in investigations, trump is a bad mankind of thing. which one should the party be focused on? >> for biden he is taking the fight right to trump. in his announcement and trump took the bait.
you saw it again today. here is biden going to pennsylvania, talking to unions and trump took the bait again today about firefighters. it is a little shortsighted. yes he is right, leadership goes with biden, the membership often bows republican. in this case biden could take support away from trump which is why biden reacting the way he is. jo union leadership, biden conflated it to unions itself. it wasn't an attack on unions per se, again, listen, i guess that is what politicians do. the blue-collar worker was pivotal in the last presidential election t was revealing felt like many of them democrats took them for granted. yeah, look here is the ultimate challenge, right? how does joe biden make this itchat a time of sub4% unemployment and 3% growth rate? we have la great economy. it increased wages for many
workers. challenge for joe biden and democrats to run on the economic message, can they make headway with reality on the ground. that is president trump's biggest strength going into the election cycle. charles: james, blue-collar wages up 3% or more year-over-year for eight straight months. in six of those months outpacing overall wage gains. blue-collar wages exploding at a time where democrats continue to say the wealth isn't being shared. >> one thing that you know well difference between the top line numbers and how well the economy is going, say the stock market, unemployment numbers, even wages is one thing. how people feel about those numbers is quite something else. that is one thing that certainly donald trump as a candidate exploited in 2016. so for any candidate, joe biden or any democrat, the idea can you feel that economic anxiety even if the top level numbers are going well? that is what he will try to push
in this particular campaign. charles: my point the bottom line numbers are doing extraordinarily well, better than 12 years, when they were coming down during the great recession. marianne, on that point, again you have biden who came out with sort of trump is bad video. a lot of people saying that is not necessarily where you want to go. if you want to make it about character, somehow reintroduce president to an american public new everything about him when they pulled the lever last time. >> the toughest way for biden to win the democratic primary. even unions. in the democratic primary, you want sciu than teamsters who will be with you in the fall. cost of living gone up. gas has gone up because of tariffs. refrigerators and other things. that is where working class blue-collar folks feel it. charles: even more recently, wages have gone up faster than
inflation. it is something that will resonate, i think bigger democratic cart will say you have prosperity is rising but disparity is so amazing. while you might have gotten a raise, your boss got 10 times that amount. that to me often is winning argument for democrats. it resonates louder. >> it can be but president trump can also make the case we're creating conditions for this economy for mobility. we're creating conditions in this economy for people with low wage jobs to migrate into the middle class. that has to be his argument, right. inequality thing you can only bash different people for so long. i feel like president trump is very good diffusing that argument. i'm not sure how effective it will be against him. against a conventional republican maybe. but president trump i don't know. charles: this huge meeting tomorrow, trump, nancy and chuck part two, right. all about potentially a massive infrastructure plan and this is where you have the folks already elected, democrats already in
washington, d.c., having a choice, an opportunity to say okay we finally want to legislate. maybe put investigations on the shelf for a moment. this could be the ultimate moment for them. it will reverberate come november of next year. >> well look, if this is all about a play for really three states, that is what we're really saying joe biden to infrastructure week tomorrow, between wisconsin, pennsylvania and michigan. the margin of victory when you combine all three states was less than 78,000 votes. charles: right. >> we're going after this idea who are those 78,000 voters? certainly donald trump probably should have tried to do the infrastructure week years ago to try to show some sort of bipartisan support, things to rally the country behind it. i'm very skeptical to see we'll have a bill that will go through both the house and senate. i'm also very skeptical it will change anyone's minds about this president. charles: i want to also ask
marianne about the left, the far left of the party, and one-upmanship. latest example is beto o'rourke and his 5 trillion-dollar climate change plan. is that going to resonate with voters? is this the kind of thing? where do you think biden will come down on this because i don't think he is necessarily been pressed either way? >> in terms of the democratic primary there is space an resonance on that for the very left of the party. you see it with alexandria ocasio-cortez and others, in terms of anything -- charles: can you ignore it and become the candidate? >> you can ignore it, biden make it part of the infrastructure bill which it is in many ways, then you can sell it. charles: thanks very much. marianne, james, lanhee, appreciate it. president trump is demanding changes in our immigration laws as congress returns to work after two-week recess. we have heartbreaking stories from the border including one
maria bartiromo heard first-hand. >> how about by themselves. >> 10 years of age? >> 10 years of age and eight. >> 10, eight, you've been traveling alone for how long? [speaking in native tongue] >> okay. they were traveling. their mom sent them down. she says she was going to buy something for them to eat and never returned. charles: blake burman, at the white house. blake. reporter: speaking of maria, spoke with president trump over the weekend. in the interview the president continued to tout the need as he sees it, calls it, merit-based immigration. the president has talked about this for months on end, told maria that they are working on a plan. earlier today the press secretary sarah sanders
suggested that plan could potentially be coming sooner rather than later. watch here. >> we're still working through that process. i expect that to be over the next couple weeks. that that plan will be rolled out. meantime we're still calling on congress to help us fix some of the immediate things that could be done. reporter: by the way, charles, heard you talk about the meeting here at the white house tomorrow regarding infrastructure. some new information to share with you as we had been led to believe initially this would just involve chuck schumer, nancy pelosi and the president. now i'm being told this will be a much bigger meeting than what we had initially thought. as i'm told it could be around a dozen or so different democrats in the room alone with the president. at this point it is only scheduled to be congressional democrats with the president and his team. it is a meeting scheduled to be on infrastructure though both sides have been short on details. we've been trying to press the white house for exactly what their infrastructure plan might be. we have yet to get a solid firm
number from them. it is also entirely possible that that conversation could drift into a host of other topics. the white house even acknowledging potentially immigration could come up as well. charles: we can only hope. last one is one for the ages. i think people appreciated it. blake. >> you got it. charles: boeing demands for boeing ceo should be stepping down. as he meets the shareholders since the lyon air crashes. i'm seeing a red flag as 2020 presidential candidates continue to attack states rights. wait until you hear the latest proposal. ♪ fact is, every insurance company hopes you drive safely.
reporter: chars, these can be particularly sleepy affairs particularly going which had success delivering for shareholders. not so much today. a lot of tough questions for dennis muilenburg who presided over the meeting. tough questions from shareholders and reporters. during the session he was quick to defend the design procedure boeing went through, in his strongest language yet i think it is fair to say he suggested it may have been pilot error as opposed to design error that caused crashes in question on the max aircraft. also if you were wondering if mr. muilenburg had any designs on resigning, reporters were wondering too. here was his answer. >> so i'm very focused on safety going forward. it is important that as a company we have those clear priorities. that we're taking the right actions that we have the right culture. i am strongly vested in that and my clear intent is to lead on front of safety and quality and
integrity. reporter: at the same time this meeting was taking place, charles, across town here in boeing's corporate headquarters hometown in chicago, a lawsuit was being filed, 10 separate lawsuits on the behalf of 10 canadians, family members who lost family members in the crashes. one family lost three generations of family members. in the lawsuit there, alleging negligence, and said, boeing was blinded by greed as it rushed the 737 max to market. we talked to some of the folks that came also right here to the shareholder meeting, to make their concerns known. take a listen. >> by concealing information from operators. pilots are very upset about this, what happened, they created this enormous risk and
my niece and this young man paid a price. reporter: still, lots of questions, charles. of course the big question for boeing, when will this plane get back in the air? nowhere near an answer on that one. chars? charles: seemed like there were very few authentic answers. thanks a lot, jeff, appreciate it. the question is can boeing's ceo say anything to make it right with the family members of the crashes? now victims actually calling not just for a lawsuit but criminal prosecution of boeing executives. joining me is united continental chairman of government affairs, and former commission pilot mike caulfield. thanks for joining us. i was taken aback the way muilenburg went at this conference. perhaps he was guided by consultants and lawyers but there was no, no signs that he was truly contrite. there was no signs that bowing had any authentic culpability at all. i call it the black swan
offense. in other words everything went wrong in quote-unquote links of events but us. faa mid mistakes. max system was not used right because it was too complex and pilot error. what did you make of it. >> i was deeply concerned, charles, thanks for having me today. i was deeply concerned by boeing's response. boeing and the faa as you know met last week, charles, to talk about ongoing solutions. we're in a period of a 30-day comment period, public comment period about that. our firm, wings global partners, we'll be making a comment what we believe going forward the faa needs to look at, especially in pilot training. we think the current policy of no simulator training is the wrong approach and we're deeply concerned what you and i both know came out last night, has not been completely verified. but at least we know southwest, several of the other airlines, charles, were not informed of
the system change involved between the 800 and 900 normal series, aphis system and the new system. charles: muilenburg seemed to address that the majority of it will still be done online. some of the simulators but for the most part he thinks changing the sensor to a dull sensor training system and online training would be enough. >> it won't be, charles. we've been adamant, the pilot groups as a whole, seen some of the carriers that our, the hour time of a, of a ipad instruction is not significant, is not sufficient to meet the needs of safety being your paramount concern. charles: yet, mike, you know, muilenburg, he did talk about the fact as far as 737s are concerned. 2900 are in the air at any given
time, flying 500,000 passengers, take off and landing every 1.5 seconds, a plane is taking off or landing, and despite the fact there were two tragic accidents were still anomalies of sorts. you're in the business. do you buy that? >> no. let me tell you a quick example. the 737 program is extended from 100s, 2 hundreds, 3 hundreds, 4 hundreds, 5 hundreds, 6 hundreds, 7, eight nine into the max. when united and some other carriers had both 5 hundreds and 8 hundreds, the cockpit display was different. every other year, a pilot went into the simulators, he went in every year but every other year he was required because of the cockpit differences, he was required to sit in one of those airplanes that was not a model that was similar. the max cockpits afis displays are just like the 787.
they're completely different than what guys have seen, what gals have seen in the past. charles: right. >> in the past that required by the faa mandate a simulator experience. it shoulda. charles: mike, duly noted. maybe, maybe boeing will hear this at some points because, a lot of smart guys like you that understand really at stake here demanding it. we appreciate your time. thank you. >> thank you, charles. charles: folks, disney shares soaring to new highs as "avengers: endgame" shattered box office records but is this the endgame of marvel's dominance at the box office? ♪ when you rent from national...
marvel's "avengers: endgame" continues to smash box office records, grossing $1.2 billion worldwide in first five days. robert gray with the latest. robert? reporter: a little sell on the news. the "endgame" literally destroying box office records, first billion dollar box office weekend. even the film's directors are surprised. brothers anthony and joe russo at the milken conference across town in l.a. saying there is no metric for it. globally those brothers are responsible for the two biggest box office openings ever. they're from the marvel universe. three of the top seven now are marvel films. "endgame's whopping $1.22 billion opening doubled infinity war. keep in mind the movie didn't open in china until after two weeks after the opening weekend. domestic ballot $356 million,
nearly $100 million more than the prior avengers installment. the top two opening weekends are last top two "the avengers" movie. "captain marvel" number 7, 457 million. disney paid $4 billion keep in mind marvel a decade ago. looks like bob iger's big buy paying heavy at this dividends. opening weekend $4.2 billion. disney opened at a record, as charles mentioned pulling back a little bit. this stock is over the past year. look at the past decade while disney bought marvel and lucas films and star wars saga. the stock returning 700% with 300 dividends. analysts raising forecasts after this opening. new "star wars" and "frozen" 2 on the slate ahead. charles: can't wait to go see it myself. see you soon, buddy.
not just disney, markets hitting all-time highs as consumer spending jumps a nearly decade high. skirting potential recession are, we in a goldilocks economy? >> later in the show, apple showcasing hp hypocrisy cracking down on apps leading to cell iphone addiction after it cutting its own screen time tracker. e meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours.
and forth billing. chevron offered 33 billion, before occidental counteroffer would be at $76 a share, combination of cashing and stock. from the files of if you can't beat them, marriott taking on airbnb will begin taking reservations tomorrow for 2000 rental homes in 100 markets in the united states, latin america and europe. prices $200 a night for a one bedroom, to $10,000 for a scottish castle. i wonder where stuart varney is today. going ale hit all-time high intraday, ahead of earnings after the bell. you know, as we've got all-time highs for the nasdaq, s&p 500, upbeat earnings, numbers, consumer spending results, we saw this morning, biggest increase since 2009. i think showing recession scares of late 2018 which i do blame the media for amplifying dissipated in a big way. people feel more comfortable spending cash.
s&p portfolio manager erin gibbs, david dietze, point view wealth management. we have bunch of data. we have gdp report. consumer sentiment report. consumer spending today. i'm calling it, overused term, but i'm calling it goldilocks again. >> that is an accurate description. low interest rates, good growth. one of the things we saw, also savings rate declined. so people feel confident because they're not so scared that they need to feel like they increase the savings or spending more. that obviously helps a lot of consumer space and so, no, things, the u.s. economy, let's be very clear the u.s. is a goldilocks economy. the rest of the world is a whole another story. charles: david? >> i think you called it exactly right. i mean, usually when you have better than expected growth, we saw it in q1 you see tick up in inflation. you're worried about the fed coming back into play. here inflation is staying below the 2% target.
that was repeated today, we saw huge uptick in march with inflation quiet. what i like about that, i think we'll hear about good hourly wages increase on friday. if inflation remains low, real hourly earnings go up. that is the real news. charles: that is the real story talking about the fed. i don't think about the fed and markets. jay powell said there is difference between wage inflation and price inflation. they will not dei try the economy with inflation going up. pce core inflation down to 1.3% from 2 points a year ago. should we be worried? >> that was a disappointment. we're getting towards the low level what is acceptable for the fed. they don't like it going below 1 1/2. charles: will they lower rates? that gets back to what kudlow is talking about and other people. >> what we dismissed being crazy, that is the only data point that says something is
concerning. just like the core inflation. everything else, your wage growth, gdp growth, are all very positive. so saying that you would cut interest rates off one data point out of 10 seems like an overreaction. charles: talk about the potential, not a lot of folks are talking about a market meltup, when i mention toed audience, when folks talk about that, this is disparaging backhanded comment that will not be supported but something naturally occurs. we saw the market melt-up on friday before the close. began a slow grind. do you see that happening and would it be a bad thing? >> here is what i see. last september the market at the same level it is now but the 10-year treasury was 3.05. now it is 2.55. simple math keep plowing the money where the money earns best return. that is stocks. i see a lot more grinding up. charles: okay, good. >> i'm not as concerned, we've been discussing the u.s. market is only the really safe market
with strong earnings and revenue growth. you have strong gdp. we're in a safe place. we're direly concerned about europe. we're still unsure about china. as long as that, you can still have valuations and markets go up in this type of environment. charles: i got 30 seconds, want to ask you about two things. goldman sachs and financials and after the close google. >> so financials, look they have been where we keep saying they're going to do well, then they disappoint. charles: are they like a value play now? >> they're very much a value play. they're a large part of all value indices. charles: what google may do after the close? >> you have to be bullish on google after seeing blowout numbers, higher than expectations and given huge amount of business software spending that was announce i think you will see very nice numbers out of google. charles: if i know you would wear the goldilocks out fit would i have worn a gold tie. >> thank you. >> i i have a sad news to bring
you. bart chilton, former commissioner of cfc he died of complications from pancreatic cancer. he was critic high frequency trading and advocate of bitcoin. he was always a gentleman. bart chilton was 58. we'll be right back. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ )
charles: well apple says it is removing 11 of the 17 most popular screen time and parental control apps from their app store for privacy protection reason. the apps were designed to limit screen time but apple says the apps were unsecure for users but there may be more to this as to why the tech giant is actually nixing these apps. i want to go to kristina partsinevelos will help break this down for us. reporter: there is definitely a little bit more. we could debate whether this is sabotage by a giant monopoly. apple got into controlling the screen time. people are addicted to phones, constantly on it. you can track to see how long you are on. there are apps already available and many app makers are feeling they are buried in the app store or told to be removed from the apple iphone store because they have been sharing data with
third parties or tracking locations. we had tim cook just in new york not too long ago he spoke about the priorities of the company. listen to what he had to say. >> apple has never wanted to maximize user time. we have never been about that. every time you pick up your phone, means you're taking your eyes off whoever you're dealing with or talking with, right? if you're looking at your phone more than looking into somebody else's eyes you're doing the wrong thing! reporter: this is contradicting what "the new york times" report came out saying that several app makers are actually upset because they believe apple fees their business will be target, why they're removing the apps from the store. we had apple release a statement within the past 24 hours stating that apple always supported third party apps on the app store that helps parents manage kids devices contrary to what the was report in "the new york times" over weekend. this is not a matter of competition. this is a matter of security.
some app makers say that is hypocrisy that they're misleading them. i spoke to founders of our pact, a popular parental app, saying apple knows about the process from the beginning. that they are unfairly targeting them, removing their apps from the store. we received a statement from two other app makers filing complaints with the eu, they write to create screen time, apple took the best pieces and best practices from existing parental control, while be apps in the app store bringing no tangible inovations to the market. you have it, app makers very upset with apple. they feel they are unfairly treated in the developer world. back to you. charles: kristina, thank you very, very much another big tech be company making headlines, amazon, making apps for employees and firing those employees. we have creepy line director, matthew taylor and we have national lawyers association,
harmeet dylan. it is harming, artificial intelligence, robots monitoring human, and saying these people are not doing their jobs which are tremendously arduous. a lot of people on both sides of the political eye say amazon has gone too far. >> absolutely. as a lawyer who practices labor an employment law, amazon has issues with employees, the way it treats them way before this news broke. the combination of artificial intelligence allows amazon to brutalize its employees. employees who work at the warehouses told me they're afraid to use the bathroom. they're monitored every second. god forbid this type of inhumane treatment of workers comes to other industries. it would devastate the way we treat each other in the work place. charles: it will only get worse since the announcement of two-day delivery, stress and strains on the warehouses, matthew will be amazing.
the system tasks what they call time off tasks tot. the time you take between lifting boxes. get to harmeet's point. some people are afraid to go to the bathroom. >> this just furthers, further shows us what amazon's indicative behavior is, how they view human beings. they obviously favor certain customers over their workers. it is borderline human rights violation. you know, i wouldn't want to see this technology put into other industries, fast-food, other places like that but they are kind of going to create an environment where other businesses will adopt this. i think it can be very dangerous. remember, the people who buy from amazon are also the people who work at amazon and all those other places. >> you have a nephew that works there, somebody. >> absolutely. charles: i will say they have 600,000 employees, that is more than the city of milwaukee, but they will have to figure out a way to treat them better. i want to figure out this
iphone thing, matthew. maybe they don't want competition for their own app or maybe they're hypocrites. tim cook saying one thing and the company is doing something else. >> this is going on from the apple in the beginning. we don't want you to make a music player or another web browser. they have all these things that you can and cannot do with the apps that you make. apple has been known to make apps that mimic other apps and kill other apps. they will have to make a stand. look, you can't do these things in our platform. but you can't let a developer let their technology go and then basically steal it and then, bar them from the platform? >> harmeet, your thoughts on the latest with apple. again, i don't know if there is a legal thing here, but certainly we're varying into big hypocrisy. tim cook put himself in the position of talking down his silicon valley rivals. apple trying to monetize all the eyeballs in their universe will
not run into the same issues. >> exactly, charles. if i was listening story, you thought it was about google rather than apple, would you not be surprised. this is the type of behavior google has and i accused off, anti-competitive squeezing out users on their own platform. it's a potential antitrust violation. it is a unfair business practice under state and federal law. theft of intellectual property if that can be proven. there are a number of issues apple can face in the courts or regulatory environment for doing this type of thing. eu will crack down much harder, much quicker than our american legal system. washington is more bogged down with lobbyists, harder to get things done there. charles: kristina, breaking news with couple of developers, you sort of sense they were suggesting that very thing, that maybe, maybe somehow apple either discovered the abilities that they had, or you know, somehow came about them and then got rid of them.
harmeet, matthew, thank you both very much. appreciate it. >> happy to be here. charles: democrats keep pushing to abolish the electoral college. kamala harris just suggesting, giving out a suggestion if a lot of people want to question whether democrats want to end states rights all together. that is next. ♪ your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv.
charles: and long been a life line for the democratic party and this crop for presidential candidates well it's no different from any including kamala harris whose taking it to a new level though because she's actually calling for a ban to right to work states, state laws and this of course remember this allows workers to work in union shops without paying union dues, or not even to have to join unions. take a listen. >> it comes with the president of the united states to speak up about the need and the right that workers have to be able to organize and to fight for their rights so generally speaking that's about how i think of it so let's be more specific it has to be about for example, banning right to work laws. >> [applause] charles: i mean that's top stuff and just the latest from the left on state's rights and it could be a major issue going forward joining me now
contributor for the hill, kristin let me start with you, you know, this is a tough one there, 27 right to work states, ten of them, seven of the top 10 unemployment levels states are right to work states, so it seem s like it's working. it's a danger to suggest taking that away. >> you're right. like so many of her left wing colleagues kamala harris is just proving herself to be an authoritarian last week she said she would override congress to getaway with gun laws and now she's saying she would use executive powers to ban state laws just because she doesn't like them. democrats always say that right to work rules are anti-worker but that's just not true. these rules simply say that an employee can't be forced into a union as a condition of employment, but i think what's going on here is pretty clear. kamala harris is just trying to pander to the unions, because she wants their financial backing ahead of 2020 and the union leaders will back the democratic candidates as they always do, but donald trump has
made incredible end roads with the rank-and-file union workers. he's been such a fighter for the american worker, and he's been strong arming companies to bring union jobs back to america. i mean look at the pressure he's put on gm since they announced the closure of their ohio plant. i just don't see how any worker union or not could support the democrats in their anti-business agenda. charles: well, mary ann you've got swing states, florida, iowa, michigan, nevada, north carolina , virginia, wisconsin that are right to work states so it's a dangerous path to go down when these states have some pretty low unemployment rates 2.4, 2.9, 2.3% these are some impressive numbers i don't know that you want to say we'll upset this apple cart. >> i think the point is it's a matter of fairness if you're working in a place getting the benefits from an organized union that make sure you get a certain salary certain work conditions healthcare and everything that goes with that job then why shouldn't you participate, why shouldn't you contribute to the
overall reason you get these benefits. i mean, remember, it's the unions that built the middle class. unions are the reason that people have these jobs, with great salaries, great benefits, five days a week, eight hours a day and overtime. charles: there was an amazing time when they go back to some of the other things where unions were an absolute must i remember the old commercials look for the union label but i think they overplayed their hand and if you look at how many, how much loss they've had in the private sector it's pretty clear to me that maybe alabama wouldn't have those companies coming if they weren't right to work states and so if you say to someone you've got to pay dues, it defies what the supreme court has kind of said recently in a hallmark decision and what's happening on the ground economically. i just think it's a dangerous path to go down and i also think getting rid of the election electoral college is a dangerous path. >> immuno-oncology pose that
because it forces candidates to pay attention to states like iowa and other smaller states that can be the difference in an election we saw how close the last one was and going back to the right to work thing, many people saw that as a conservative way, to try to trample out unions and it became a fight to retain unions and we started this show talking about the teamsters and the firefighters and donald trump clearly wants their support and joe biden is going after it as well so if you'll work in a certain place with the union you should participate as well. charles: all right, let's leave it there i will say again though 27 states are right to work, and doing pretty good. kristin, mary ann thank you both very much. folks i've got breaking news for you before we go. we work reportedly announced in a confidential draft registration a statement for its proposed ipo, we work with a growing list including lyft, zoom and pinterest by the way pinterest exploding up 11% today alone and of course, we are still waiting on slacker, uber, they are going to begin trading and begin their road show soon, i could tell you right now, liz
claman, outside of the lyft debacle it has been an amazing i po season thus far. liz: they're all rushing do you see that? these companies see a very rich and fertile opportunity i think to go public. there's a short window depending on which year we're in charles thank you very much. folks in this hour we do expect former vice president joe biden to make his very first campaign speech of the 2020 race, and to debut his official remarks on the middle class, jobs, unions, and the economy. we are going to take you there live, when it happens and in the meantime, t-mobile and sprint announcing they need a little more time to complete their $26 billion merger announced way back when on fox business a marriage that would