DNC Officials Shut Down Sanders Campaign's Access to Voter Info; Mother Teresa to be Named a Saint; Donald Trump Basks in Praise for Putin - Part 2

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MCCULLOUGH: Yeah.

BAER: . that we are strong, we are going to deal with this, we are dealing with it. So I do think that there is more there that's necessary.

JACK OTTER, BARRONS.COM EDITOR: That's a communication is question. So.

BEER: That's all I know how to hear.

OTTER: . but people don't want to hear that. Everyone wants to hear Obama, because that feels good and frankly it's fairly easy compared to, how do you make the moderate Sunnis in Syria and Iraq actually feel the void to be creative. If we kill that one from ISIS involved, it's very complicated stuff.

How, as a leader, do you tell the cool, fun stuffs that people want to hear but also make it clear that this is a complex issue, we got to stop.

BAER: So leaders don't get to deal in cool, fun stuff, right? That's the problem, right? Leaders have to parse what they say. But again, this is where the balance is. But be able to say it in a clear way, because it is complex, right? These are difficult problems, they've been vexing presidents and leaders for decades.

OTTER: But people don't want to hear that.

BAER: Right. And so, what they do want to hear is, we are dealing with it, we are going to deal with it. Sometimes, it's a great idea throw out a few proof points. Here is what we have done. Here is what we have stopped.

MCCULLOUGH: What do you think of the debate, on that front that Bush had this moment with Trump which is, you can't insult people, it's not just about being tough. And well, what do you think about Bush in that moment?

BAER: Well, you know, I thought Bush was tough in his explanation to Donald Trump about how it's not just about talking tough, right?

BARTIROMO: Yeah.

BAER: And when -- Bush knows, right? He understands. He knows what his brother had to do. He knows what his father had to do. He has seen what leaders have to do. This is not as easy.

And, by the way, the American people are smart, right? They understand it's not simple, right? But they do want to hear. And they want to hear from their leader. And again, I don't mean to overemphasize tone because there's a lot of substantive issues here.

MCCULLOUGH: Yeah.

BAER: . that are complicated and difficult. But they want to hear, the want you talk to them, they actually you to explain it to them.

MCDOWELL: Complain for a reason.

BAER: Trump is talking, that's for sure. They're continuing to talk.

MCDOWELL: Yeah.

BARTIROMO: Don, good to see you.

BEER: Great seeing you all.

BARTIROMO: Thanks so much Don Baer there. First, it was drones, then it was trucks, now Amazon is adding another potential game changes to the delivery fleet. Nicole Petallides is on the newest plan for Amazon. Next.

NICOLE PETALLIDES, FOX BUSINESS NETWORK CORRESPONDENT: Good morning, Maria. That's right. Amazon is always looking for ways to get the goods out faster and cheaper. And now, Amazon is planning to own a piece of the sky. The company reported is in talks to at least 20 Boeing 767 jets for its own air delivery service.

The strategy here to create its own cargo operations unit to counter delays from the traditional big carriers, such as UPS, that company is having trouble meeting the escalating demand to deliver online purchases. Now, shares of Amazon have skyrocketed 118 percent over the past year, while shares of UPS have declined 9 percent over the same period.

So far, no official word from the Amazon executives. It's also very interesting as those reading through the article and tell me what you folks think about this, that Amazon, not only will do this to deliver their own products but also other companies' products. I mean, are we talking.

MCCULLOUGH: Yeah.

PETALLIDES: . Nike, home depot, are they all going to be shipping to Amazon and now compete against UPS?

MCCULLOUGH: They absolutely, I mean, that's how you get things fast. Because if you're like me, I mean, God forbid you're me trying to shop two days before. I mean, you might even get it.

BARTIROMO: Yeah. Somebody told me yesterday, they ordered something and it was at their desk in two hours. I said wow. I mean, that's really good, like, tell me you like me to, which I haven't gotten any gifts yet. But I will, I have.

MCDOWELL: Me too, me too. Actually, a guy in front of my building and kind of a beat up white van with no markings on the outside it, delivering Amazon packages, I was like, "Do you deliver Amazon packages?" And he's like, "Yes." Do you think, he might work for himself? As long as it gets there people don't care.

MCCULLOUGH: This is why this stuff, you can go like, meeting to meeting, hedge funds, mutual fund, any fund, they all love Amazon, because it's sitting at their doorstep every day. It doesn't matter what the multiple is.

OTTER: But it speaks to the huge moat that they are building and everyone says, "Once Walmart gets there into this business, you know, all that's rough." Not all, I mean, these guys have their own airplane fleet, their white unmark trucks, their distribution centers everywhere.

MCDOWELL: And then would also.

BARTIROMO: Does that tell you anything about the math roll call, because Dagen is making these points a lot and that is that consumers are buying stuff, they're buying at Amazon, they're buying at apple.

MCDOWELL: And online, yes and online.

BARTIROMO: And online, not necessarily in stores, you don't see that necessarily consumer, you know, euphoria out there, but they're doing it.

MCCULLOUGH: The problem is the context of the narrative. So, on Wall Street everyone likes to tell stories, and it's a very good story. But if you look at Amazon sales, it's a 110 billion in sales. Now, only 40 percent of that is in the U.S. U.S retail sales remains, Maria's, $4.6 trillion.

BARTIROMO: OK.

MCCULLOUGH: So even if Amazon, blew the doors out this, you know, this holiday, and had incrementally $5 billion sales that doesn't even touch the dial on U.S. retail sales. Retailers in this country employ a lot of people, retailers have a lot of inventory. Retailers are missing numbers, and this is a very, you know, it's trying to be as positive as I could be early on, but now I'm getting into the grinch.

BARTIROMO: He's getting into the grinch too.

MCCULLOUGH: But people are really, you know, they're missing numbers. And yes, the Amazon is winning but that's why it trade the 5,000 times earnings.

MCDOWELL: But FedEx didn't miss its numbers. FedEx has good numbers.

BARTIROMO: That's right.

MCDOWELL: FedEx -- So that's an indication how online retail will do in December.

MCCULLOUGH: Yes.

BARTIROMO: Yes, FedEx was good. That was a beat. Nic, thanks so much.

PETALLIDES: Thanks.

BARTIROMO: Great story. Don't forget to start your day everyone with a call on FBN:am, text it right here on the FOX Business Network right before Mornings at Maria, 5:00 A.M Eastern.

Coming up and historic weeks of the market, it's all covered in Barron's this weekend, we will have the sneak peek of what is in Barrons before it turns up on your doorstep, back in a minute.

(COMMERCIAL BRAK)

BARTIROMO: Welcome back, Apple, hoping to tap into the credit-card market in China, Cheryl Casobe with that story and other headlines now, Cheryl.

CHERYL CASONE, FOX BUSINESS NETWORK ANCHOR: That's right Maria. Apple Pay is now coming to China. Apple and China Union Pay announcing our partnership to officially bring Apple Pay to China by early 2016. Partnership been allowed China Union Pay cardholders to add their bank cards, to Apple Pay on their iPhone, the watch and iPad. Apple said that its mobile payment system is still undergoing regulatory tests by Chinese authorities.

OK. For the second time ever by the way, China has issued a pollution red alert. The first coming a little more than a week ago, China's weather services, the Beijing is going to see hazardous smug from tomorrow until next Tuesday and alert triggers restrictions on vehicle use factories and construction work. And listen to this great new version of Adele song, "Hello". This 3 year old girl is singing her heart out.

OK. That is Kimber Green from Montana, performing the hit song on her couch, that's a white cardboard guitar, she did this for her mom's birthday present. This video, guys, has more than 9 million views. I just checked it out on YouTube. What a heartbreak for three year old but there you go.

By the way guys, I want to add really this quick to you Maria, Adele's worth American tour went on this Hello is out within an hour, sold out within one hour, we're seen scalpers now trying to get $7,000 to $8,000 per ticket for some of Adele's shows here in North America.

BARTIROMO: Wow. Unbelievable. She's so fantastic. I know it will going to sell up, but $7,000, $8,000 a ticket, pretty unbelievable. Thank so much, Cheryl. Barron's gearing up for the weekend edition, Barron's online editor, Jack Otter with us this morning, Jack, good to see you.

OTTER: Great to be with you Maria.

BARTIMORO: How's what's been the magazine this weekend?

OTTER: I can't tell you the cover, we've got a single stock pick of huge company. I wish I could. I'd love to hear what keep us to think and say about it.

BARTIROMO: They have on stock pick another is that you're recommending.

OTTER: Exactly.

BARTIROMO: OK.

OTTER: Exactly, but a lot of the story that you can actually got a sneak pick, there's one story that we decided to put on line before we publish. It's about opportunities that we think we see in the junk-bond market specifically closed-in funds.

So, these are fund that have not had for selling, because in a close-in structure, you don't have to dump stocks or whatever you're holding.

MCCULLOUGH: Yeah.

OTTER: . when they go down, but fund sales at a huge discount to the net asset value, the stock it owns and the yields are enormous, 10 to 15 percent. Using a little bit of leverage but nothing that Janet Yellen said suggests that rates are going to skyrocket. So, we think that you get enough on cushion there that this is a really good way to grab a bargain right now.

BARTIROMO: And I know, you're talking about credit after Third Avenue.

OTTER: Yeah, exactly.

BARTIROMO: That certainly was one of the big stories of the week.

MCCULLOUGH: And when people, you know, hear Jack say that, they might get nervous because credits has been such a negative story and full disclosure were short, junk bonds, are the junk ETF.

But Jeff Gundlach actually, you know, made a very interesting comments are very much in line with what you said this week which is if you look at shorting the S&P versus buying this basket of clothes than basically high- yield, you could almost not lose money.

Now, anytime I hear that, obviously, there's a series of questions that follow but he really is one of the most awful people out there. He's also one of the people who nailed it this year.

OTTER: Yeah, exactly.

MCCULLOUGH: So, it's an interesting idea even though people have this very, you know, and rightly so are concerned about junk bonds specifically.

BARTIROMO: Right.

OTTER: It's really. Good luck, thanks the fed is the attention should not have hiked rates yet. But there's no like, she's not going to.

MCDOWELL: We should point out whose Gundlach is. He's run's double line. He obviously worked at TCW but he's considered one of the greatest minds in fixed-income right now.

MCCULLOUGH: He's replaced.

OTTER: . have John fabulous.

MCCULLOUGH: Yeah, he is basically replace Bill Gross as the bond king end rightfully. So, it's been on days all in performance.

MCDOWELL: I agree with you.

OTTER: A couple of other interesting stories, we take a look at asset managers, those stocks have been very unpopular this year for many obvious reasons but they are cheap and yielding nice dividends, right now. We'll think it's interesting time to look at those.

BARTIROMO: They'll still paying dividends.

OTTER: Yes, had paid dividends more than much more in the S&P 500. I finally I love this statistic. I think we should all be a little scared perhaps sitting here but happy if you are running a web site as I am.

Digital advertising for the first time ever and probably will never look back will surpass television advertising revenue in 2016, more money spent on digital adds than on T.V.

MCDOWELL: And it's surpassed T.V. ads as more annoying. Because of those, yes, USA Today, worst ads, you can't read anything without having to watch that.

BARTIROMO: Even if you are trying to scroll up, you hit it accidentally, it's searches to the end.

MCDOWELL: I'm like kicking that computer.

OTTER: Hey Larry, can I get that and let's call, Larry Kramer instead. Buddy, you got to change this. This really, really bad year of experience on USA Today.

MCDOWELL: Horrible.

MCCULLOUGH: And video though on video on the sites like when we have some of Maria's best stuff, Degan's best stuff on Header.com. It's like that's the stuff, it's got the best advertising premium, that stuff's exciting.

OTTER: Yeah. And then that is skyrocketing in terms of the amount of money being spent on visual video. Mobile is the fastest grower of course at 44 percent up next year over this year, the problem is ads on mobile very hard to deliver.

BARTIROMO: All right. Thanks so much, Jack. Barrons this weekend, the four strong with star wars. That's what your movie critics and fans alike, sharing Disney's, how I anticipated flick. We'll be right back, we're going to bring you there live.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

FORD: He's taking it seriously. I mean, he knows how much it means to so many people. He didn't want to screw it up. He brings a lot of great film making skills and understanding to the project.

(END VIDEO CLIP)

BARTIROMO: Harrison Ford talking about J.J. Abram's new "Star Wars" installment. That the wait finally over, the force has awakened, it's already setting a U.S record, taking it up to $55 million on opening Thursday night shows, according to early estimates. Joining us now in the FOXlight host Michael Tammero. Michael you've seen the film?

MICHAEL TAMMERO, FOXLIGHT HOST: Yes.

BARTIROMO: How is it?

TAMMERO: They did it. You know, we -- this wasn't a given. We all kind of assume, everyone assumed this thing was going to be great and the whole thing but Disney put all their chips on this thing. And J.J Abrams had to deliver a critical hit and a standing hit and he did just that and, you know. It's entertaining. It's great. There are some twists and surprises which I'm not allowed to give you.

BARTIROMO: Yeah, no spoilers.

TAMMERO: No spoilers on this one.

MCCULLOUGH: I love how excited you are about this. I mean, I just kind of like, obviously, you've seen it. I haven't seen it.

TAMMERO: Yeah.

MCCULLOUGH: But I mean, and like, it's a Yoda quote. But I can't believe Luke says, and he says, "That is why you fail," you know. And people don't like -- people may not believe that this actually lives up to expectations.

TAMMERO: It totally does. You know, I saw it at Tuesday night with our media brethren and see it again tonight with some friends and with all the fans and all that. And I don't think I've seen a movie twice in a week in like decades. But this is the kind of movie you can do that with.

MCDOWELL: What is that with Harrison Ford, man, saw that 5-hour energy. What's wrong with you? Get excited. He's been like that even on the red carpet, even on the interviews on the red carpet today.

TAMMERO: He's very cerebral, Dagen. Who knew? He brings a lot more energy to role.

MCCULLOUGH: OK. OK. Yeah.

TAMMERO:. Because he had some great one-liners just like he did in the original three and all that.

MCDOWELL: Good. That was -- what I'm worried about that. I want Han to be Han.

TAMMERO: So the big question now is how big this movie is going to be.

MCDOWELL: Yeah.

TAMMERO: You know, that estimates anywhere from a $120 million in the low end to, I heard, $300 million yesterday.

BARTIROMO: You're talking global.

TAMMERO: Globally, for the opening weekend in the states.

BARTIROMO: Wow.

TAMMERO: The record in the states is $84 million in December, because December is a hard month to open a movie. People, you know, consumed at holiday shopping, were in the summer, every one, and that was done by the "Hobbit."

MCCULLOUGH: Yes.

MCDOWELL: And the record for opening weekend, in Teridol last Harry Potter movie, which was like, 200 something overall during the year, like 210 or something.

MCCULLOUGH: And that's how you crash it, when you have the parents and the kids have to go see it.

TAMMERO: Let's call the grandparents.

MCCULLOUGH: Yes. You know, baby boomers have a ton of grand kids, they're all over the place.

TAMMERO: And if you haven't seen the original three, you can go on to this cold and still appreciate it.

BARTIROMO: Do you need to see the original three before you see this one?

TAMMERO: Not at all.

BARTIROMO: OK.

MCCULLOUGH: Really?

MCDOWELL: Jurassic World opening weekend I was wrong.

TAMMERO: Jurassic World, yeah, it was a $208 million, so they have just to bet that number, which, you know, they can do that.

BARTIROMO: I mean, is this your "Star Wars" outfit today?

TAMMERO: This is my -- I was kind of channeling my inner Jedi.

BARTIROMO: Exactly.

TAMMERO: Only the light saber, they have that and the greenroom too. I mean this going to bring it on that.

BARTIROMO: Michael, thank you.

TAMMERO: Thanks guys.

BARTIROMO: Great. Michael Tammero, may the force be with you.

TAMMERO: Oh, here we go.

BARTIROMO: Nine of 10 S&P 500 sectors up for the week. Led by utilities, telecoms and financials. Nicole Petallides now with more on this morning's ETF report.

PETALLIDES: His husband and two sons in the middle of the night went to "Star Wars" last night. All right. Let's take a look here at utilities, in particular. This is the best performing sector of the week, of course, the interest rate-sensitive, this as the Fed raises rates for the first time in nearly 10 years. This group of that 4 percent and names such as Duke Energy at 4 percent, Nexera Energy at 6 percent. So we are wowing Wall Street, utilities, telecom and financial.

We have much more in "Mornings with Maria" coming up, after the break, so stay with us.

(COMMERCIAL BREAK)

BARTIROMO: Welcome back. TGIF everybody. Good Morning. I'm Maria Bartiromo. It is Friday, December 18, with me this morning, FOX Business Network's Dagen McDowell, Hedgeye CEO Keith McCullough and Barron's online editor Jack Otter.

END

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