a number of people are expect an e-commerce to steal the show there. it is time for "varney & company." stuart: thank you very much, indeed. thanksgiving week. stocks up. gas down. we are close to 18,000 on the dow. 2000 points higher than a few weeks ago. we have a gas price that is still falling. surely, it is a shot in the arm for holiday shopping. yes, there are negatives. amnesty costs you $40 billion a year. things are looking up. "varney & company" is about to begin.

♪ stuart: 10 minutes from now we will get the official announcement. using the term fired. we will take you there live. colonel ralph peters will be listening and. commentary from him after the official announcement. look at this. the dow closing in on 18,000. charles payne is here. what do you think? this market just want to go up. i think you are on board.

>> it could be the day after thanksgiving. we got so many wednesday morning. personal spending, consumption, durable goods. durable goods, i will be watching. to me, that is the key right now. trillions of dollars putting it back into the economy. how much of it is coming at the expense of saving. how much of it is a real improvement in wages. stuart: i was coming down new jersey this morning, $2.55 for a gallon of gas in new jersey. >> starting to see these trends

before gas so. i worked nine hours yesterday. on a sunday. stuart: look at oriole. $70 a barrel range. we are about 74, $75 a barrel right now. the real story is the price of gasoline. the number of states with gas below $3 a gallon is holding at 38. i cannot remember seeing such a sharp decline in the price of gasoline. i cannot remember a time when so much money was put into everybody's pocket. charles: we have to make a distinction.

you have actual money in your pocket, not being put in your pocket. we have to start seeing wages go up. stuart: okay. ice cream netflix. is amazon -- are they getting further into it to compete with netflix? nicole: this will compete with netflix. this will compete with hulu. it could impact the cheaper than netflix and hulu. we know that they have the pride members. this will support them as such in revenue. bring in those folks that do not

necessarily have time or were not interested in prime. amazon getting a little bit of a pop. also a ladder this year. look for amazon. not just for shipping your goods overnight, but for streaming services. stuart: i am intrigued. that is what it seems like they are doing. i will give it a shot. nicole: you are cool like that. all right, thank you. let's get to the cost of amnesty. president obama executive order will cost about $40 billion a year and that will go on every

year for five decades. total cost, $2 trillion. that number, by the way, from the heritage foundation. congressman, a great place to have you with us today. i have to tell you, in my opinion those 4 million people are here to stay in there is nothing you can do about it. we are stuck. what do you say? >> i respectfully disagree. we are the united states of america. we would not have an immigration problem is the president would do that. >> he has done it.

he will veto it. if you go through the courts to get it reversed, it will take years. >> that is not necessarily the case. i have found a pill in the united states house of representatives. it empowers the speaker of the house to file after drupal action in federal court. if the president refuses, we would obtain and intense citation with appropriate sanctions as penalties. you can get a preliminary injunction rather quickly.

we also have a fallback. if you elect a president that agrees and enforcing our laws, believe that we ought to be a country, that new president can reverse all the damage that this president is doing. stuart: would it be, the party of deportation? >> well, i would hope so. people are focusing just on the impact of illegal aliens.

illegal aliens are costing americans 8 million jobs right now. according to george, a harvard economist. the depression of wages is in the neighborhood of $2000 per year in lost income to blue-collar workers. this is a very big issue. it is not just the deficit and the debt aspect of it. it is the loss jobs and adverse affect that has on struggling families. making it more difficult for us to pay our bills. that is the focus. i was elect to buy american citizens. no question, the president has made it very difficult for

american families and on the house of representatives. stuart: congressman, i have about 30 seconds before we turn to president obama. i have to ask you this. do you think that the immigration issue is now a plus for republicans? it has not been a plus for a long time. >> i really have not value weighted in terms of what would help or hurt. it is a definite negative. stuart: thank you very much for joining us. >> thank you. stuart: the president is now walking to the podium. let's listen in, please. >> about one year ago, secretary of defense chuck hagel was visiting our troops thanking

them for their service and answering their questions. they asked about the usual topics. one soldier, a sergeant from ohio, asked him what was the most pertinent question of the day. what was your favorite college football team? chuck wrote five born and raised in nebraska. i do not have a choice. i am a strong cornhuskers fan. chuck hagel has been no ordinary secretary of defense. he understands men and women like few others. he has stood where they stood. he has been in the dirt and he has been in the mud.

that has established a special bond. he sees themselves in them and they see themselves and him. when i asked chuck to serve, we were entering a significant period of transition. the need to prepare our forces for future missions and tough choices to make our military strong and great. chuck has been an exemplary secretary. thanks to chuck, our military is on a firmer footing. last month, chuck came to me to discuss the final corner.

it was an appropriate time for him to complete his service. chuck is and has been a great friend of mine. i have known him, admired him and trusted him for nearly a decade. we were both on the senate foreign relations committee. chuck does not make this sort any decision lightly. this decision does not come easily to him. i am extremely lucky to have him by my side. i will have more opportunities in the days ahead.

let me just say this. chuck hagel has devoted himself to our national security and our men and women. he volunteered and still carries the shrapnel from the battles he fought. ahead of the uso, he made sure that american always honor our troops. the g.i. bill is helping so many of our newest veterans. chuck has helped transition our military around the world. the afghan forces took the lead. our forces had drawn down. we will partner to reserve the gains we have made.

the nato alliance is as strong as it has ever been. we have reassured our allies in central and eastern europe. we have modernized our alliances. chuck has been critical to all of these accomplishments. meanwhile, chuck has ensured that our military is ready for new missions. our new men and women are taking a fight against isil. today, our forces are helping support the civilian effort against ebola. finally, in a very difficult

environment, chuck has never lost sight of key priorities. launching new reforms to make sure that our military is the strongest in the world so our troops can continue to get the pay, housing, healthcare, childcare that they and their families need. at the same time, after the stretch tragedy that we have seen,. i also want to thank you on a personal level. we come from different parties, but accepting this position, you send a powerful message. when it comes to our national security and safety, we are all

americans first. you said you would always give me your honest advice. you have always given it to me straight. for that, i will always be grateful. i recall when i was a nominee in 2008. i traveled to afghanistan and iraq. chuck hagel accompanied with me to that trip. to have a friend who was willing to accompany a nominee from another party. it is the kind of class and

integrity that chuck hagel has always represented. you are blessed. i want to thank your son and daughter for the sacrifices they have made as well. they are deeply excited to get their husband and father back. today, the united states of america can probably claim the strongest military the world has ever known. the blood and treasure and sacrifices of generations. the character and wisdom of those that lead them as well. on behalf of this grateful

nation, thank you, chuck. [applause] >> thank you. thank you very much. mr. president, thank you. thank you for your generous words. i have always valued him and will continue to value. i have always admired and respected. both the president and i have learned a lot from the vice president over the years.

i want to thank the deputy secretary of defense. general marty dempsey. i want to thank them for being here this morning. i also want to thank you both for your tremendous leadership of the defense department. it has been a privilege in every way. without their support and wise counsel over the last couple of years -- it is the team.

i could not be prouder of them and what we have accomplished over the almost two years i have had the honor of serving in this position. as the president noted, i today have submitted my resignation of secretary of defense. it has been a privilege. i am immensely proud of what we have accomplished during this time. we have prepared ourselves, our allies and afghan national security forces for a successful transition in afghanistan. we bolstered enduring alliances while successfully responding to crises around the world. we have launched important reforms as the president has noted.

i believe we have send not only this department, the department of defense, the nation on stronger course for security, stability and prosperity. if i did not believe that, i would not have done this job. as our country prepares to celebrate thanksgiving, i want you, mr. president, and come at you, mr. vice president, to acknowledge what you have done and i am grateful. i will continue to support you, esther president, and the men and women that defend this country every single day, so on selfishly every single day. as i said in the president noted, i will stay on this job

and work just as hard as i have over the last couple of years until it is his confirmed by the united states senate. my gratitude to those on capitol hill. the support of our troops and their families and their continued commitment to our national security. i want to thank my international counterparts. their involvement and their partnership with me as we build these coalitions of common interest as you have noted are so critically important. to them, i will be forever grateful. finally, i would like to think my family. my wife who you mentioned, mr. president, who was with me

this morning and has been with me throughout so many years and through so many tremendous times during this opportunity and privilege. and to my daughter ellen and sans. mr. president, again, think you. to all of our teams everywhere. it is a team effort. that is part of the fun of it. building teams and working together to make things happen for the good of the country. i am immensely grateful. to all of you, your families, happy thanksgiving. thank you very much. at that speed to president obama said, sorry to see you go. thank you very much for the

opportunity. our own jennifer griffin at fox news has said essentially chuck hagel was fired. let's bring in kernel ralph peters. why is the secretary leaving? >> he was fired for trying to do the right thing. president obama did not want a secretary of defense. he wanted a cover for him. he saw chuck hagel as a gas man. for a long time, he did. the situation became so bad that the obama administration neglected policies. general dempsey rebelled against it. then hagel went off.

you know, it is a sad thing. he wanted the right man at the right time. he is a good man. he does care about the troops. i also would not be surprised if we heard both herb doll report this week as well. i feel for him. there is no question about it, the white house does not want this. the role is to provide frank advice to the president.

this president does not want frank advice. he wants affirmation. it will be interesting to see who he picks. he has to get them confirmed by a republican congress now. stuart: that will be tough exterior when the new congress is sworn in. thank you. i better move on. i want more commentary on what we just saw there. richard, rick, is there a chance here that you have essentially a roomful by the military within this administration? communicate that to the defense secretary. is that what is going on? >> there is no question that this administration has been systematically going to the military and firing any top

military advisers that is not getting what the white house wants. you look at iraq or afghanistan and all of these big issues. the information coming back from the pentagon into the white house has not always been what the white house wanted. they have been trying to figure out who does support them. who can give them the exact reasoning that they want. i am not so sure that hagel was not strong. the president hit it on the head when he was making this announcement. he said hagel accompanied him on one of his first foreign trips when he was very green. president obama relied on chuck hagel and then outgrew chuck

hagel. stuart: this is the third defense secretary that the president has gone through. now, he is fired. i have 20 seconds left. tell me who replaces chuck hagel. >> the first woman secretary of defense. it will give president obama the ability to say he promoted and hired the first woman. she is an interesting choice. stuart: we really want the best person for the job as opposed to a politically correct person. thank you for joining us. it is good to be with you on a day like this. no impact on the markets at all. this is not a financial issue.

much more ahead for you. a message for the companies ceos. you are not the job creators, he says. saturday night live's take on president obama. watch this. [inaudible]

stuart: i will call this a dead flat market. that is accurate. we are down. intel, it is getting what we call a bearings bounce. oil, roughly about 40 low. seventy-five-$80 a barrel. it is down. that means lower gas prices. the price for regular, the average nationwide is $2.81. the west coast paying $3 more. we have a five way split.

three states in north charleston south carolina. of course, stripes and spring texas. believe me, it is cheap. larry levin at the cme. are you saying that oil could get into the $60 per barrel range? >> i think we could see a six handle. the key issue is an bnf. opec and whether they will cut or not. if they do not cut, we could get a six handle. i think a lot of triggers are thinking that. stuart: is this all about saudi arabia? they do not want high prices. they want low prices.

they can mess with iran. they do not want prices to go up. >> it is very political. there is no question about that. they may have no choice. you could see prices get back near 80 or even a little higher. stuart: we are very pleased to have you on the show this thanksgiving week. you will get much lower gas prices and that is what we like. thank you very much, indeed, sir. larry rice speaking out about the real job creators in america. listen. >> anyone that tells you that ceos at big corporations are the job creators in canada or the united states or anywhere else around the world, you tell them that they do not know what they

are talking about. the real job creators are customers. the only reason a business will create more jobs is because they have more customers. stuart: so give the customers money. just give it to them and everything would be fine. i would say that is the battle cry of the left for the next couple of years. i think that he has it the wrong way around. i think that ceos and businesses to create wealth and jobs by investing and growing the economy. he thinks it is the other side of the coin. gross demand goes up so the economy is expanded. >> you will 100% the hearing this for the next couple of

years. the reason they lost is because they did not double down on a strategy hard enough. business is not creating jobs. it is really hard on the bigger strategy. this is what the left does. rich versus poor. black versus white. we are factions against one another. stuart: i have charles payne whitney who is bursting at the seams to get in a word edgewise. >> talking about taking money from rich people and give it to poor people. and, income inequality, that keeps the treadmill going. what robert rice is saying or barack obama has said, these people are dumb.

give them money and they would go right out and spend it. they would not put in the aside for their kids education. at the same token, our government keeps spending money. if these people are not spending money, where is it coming from? stuart: i'm glad we got that one in there, charles. thank you. saturday night live. it is taking a few pokes at president obama. you will get your comment in a second. roll tape for me. >> executive order. [laughter] >> don't you have to go through congress at some point? >> oh, that is adorable. you think that is still how it works. [laughter] >> look at the midterm election.

people clearly do not want it. stuart: when you have lost saturday night live, i really think you have lost a lot of the democratic party. >> when i looked at my mini feed on facebook and twitter when he was announcing his executive amnesty, it was really sad. one millennial in particular posted a new story. this is progress. i am with millennial's. i want to see it pass. that has to be done the right way. it was lost upon millennial's. stuart: back to the folks at harvard law. we will see you very soon. happy thanksgiving week to you. >> thanks. you two. stuart: god forgives, the earth does not.

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♪ nicole: i have your fox business. the dow jones industrial average is in negative territory. the s&p is up three-point. the nasdaq is the best of the bunch. transportation average actually hitting record highs today. some of the financials doing well. the stock has moved up 30% in the next couple of years. defense stocks, two of the names hitting new highs. this on the same date that secretary hegel will be stepping down. hunger games and lions gate. lions gate down 1.8% at the moment. much more farney and quantity coming up on the fox business

network ♪ it's monday.

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they are getting a pop. we will talk to the ceo of overstock.com. this week, while you focus on preparing the bird for things giving, the white house will quietly release new regulations. this will mark the fifth time the obama team has released this on a major eve of a holiday. let's move on to the pope. it sounds like he's is getting political. god always for gifts, but the earth does not. take care of the earth so it does not respond with instruction. father jonathan morris is with us. the way i look at that quote, i look at it as a political statement.

global warming, climate change, redistribution of wealth. >> you are talking about hunger. it is a political issue. we organize as a society to take care of them. hey, listen, if we are going to destroy the earth, that is actually a very christian thing. we were put here by god in charge of creation. stuart: how to deal with a specific problem. a religious leader to look at the soul of people. >> would you want me to speak out about slavery? that is a very specific thing. when people are destroying the earth -- the un can be crazy about this stuff, just to give

you an example. the principle, rather of taking care of creation, is that a good thing? yes. i want the pope to be speaking out about it. he is not saying i am for republicans. i am for democrats. stuart: she is not always right. >> no, he is not. has he ever spoken out and said, no-- stuart: has he spoken for free market economics? >> talking about truth and then suppose. you have the right to disagree with him.

stuart: i did not know that. there are things that are questions of the dock trend. we have this from the president from his speech on immigration. here is exactly what he said. do not oppress a stranger for we know the heart of a stranger. we were strangers once, too. should the president be using the quote to sell an executive order on immigration? >> it is very dangerous. especially if you are a politician. why is it dangerous? do not tell. president obama stands on

abortion. a standard for all of your decision-making. stuart: a tradition of debate. there is no fixed policy. and interpretation and debate within the church. >> there absolutely is. yes, of course, there is different interpretation. i find this quote a little bit out of place. you will have to use the whole bible. stuart: would you deliver -- do you mention politics? >> i never mentioned parties.

speak about principle. i encourage people to vote according to principles of right region. stuart: southern baptist. >> okay. enough. charles: i love the point you made about being select this. it is belittling, to be quite frank. stuart: to chicago sports radio post find out they are fired when they lied on the air. >> we were just told that we are all out of work in a month.

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stuart: earlier today, apple was 17 team 85. why is this happening?

one analyst says apple will tell 72 million iphones in this quarter. that same guy says apple will see a big demand drop off after the holidays where they will only sell 50 million shares. charles is with me. i want to focus on 70 million iphones. charles: this is a global behemoth jugs. samsung took 500 engineers off their phones. they are throwing in the towel. stuart: i want to see how you would feel if you were out of a job. you found out on social media. that is what happened to these two chicago radio hosts.

>> pretty. >> an operation that is going down in flames. now you know exactly why. who treats people like that? charles: it is a tough one. it is embarrassing. stuart: it was not the employee or that. it. charles: they still should have found out before twitter. stuart: we are talking to and economists about what that does to your money. ♪

only americans would accept and embrace someone who talks like this delivering up the news of the day. that's extraordinary. this is a very warm and welcoming society. here's the question. is america prepared to be generous with cash? america will always be generous, but 40 billion every year for decades? that is a very big nut to crack, is it not? as an immigrant, here's my conclusion, an open border into a welfare state will be very expensive, and that could tarnish the whole

idea of mass immigration. the president is importing democrat voters and using our money to pay for it. that will not be popular. america will always be generous, but nobody likes being tricked out of $40 billion a year. headline this monday morning, defense secretary hagel resigns. peter barnes at the white house. we were told he was fired, but i want to move on from the firing or the resignation, i want to move on to possible replacements who are the candidates? >> there are three names making the rounds in washington. today. first, is michelle flournoy, she did work in the current administration. she would be the first woman secretary of defense if nominated and

confirmed. second name out there is ashton carter, former deputy secretary of state. number two position and actually under chuck hagel he has a doctorate in physics. the third is jack reed who is a former army officer. >> i don't know any of those three candidates, but i imagine whom so ever replaces him will comply with the president's wishes and not stand out a sore thumb and go against him on military issues. am i on target? those three targets will be compliant. >> not sure about them specifically. i think you've put your thumb on it. stuart: okay. peter, thank you very much indeed. herman cain weighs in. it's the first time in the president's two terms we've seen this type of action. he's done chuck hagel

apparently two years. mr. cane will be with us. i want to get back to the cost of amnesty. the heritage foundation gave us the hard dollar number on his amnesty order. $40 billion a year. and each and every year for five decades. steve is with us. now, this is a heritage study, and you're a chief economist at heritage. this study suggested that this would be the cost if all these 4 million eventually become fully resident and go on to claim medicare and social security benefits and all the rest of it. that's assuming they all stay and all go with the flow, so to speak. is that an accurate number, 40 billion? >> well, i think it's pretty close to being accurate if they become eligible for all these programs. remember when president obama gave his speech last week he said we're not going to sign these folks up for welfare or be eligible for

obamacare. i simply don't believe that. if you look at the history of these programs once the immigrants become legal citizens, they become eligible -- not legal citizens, legal residents. they become legal for these programs. you're talking about about very significant -- tens of billions of dollars a year in terms of paying for those benefits. i'm with you, stewart, i agree with your opening statement. immigrants are good for the society. what i object to and what heritage objects is to is the idea we'll let immigrants come into the country illegally and be eligible for these expensive welfare programs. we can't afford that. >> i think america is wildly pro immigrant. we are a nation of immigrants. >> i agree. stuart: if you had millions of people coming into the country every year, but you gave them nothing, they came and made their own way in our society, if you did that, i think that mass

immigration would be popular. when it's so expensive, i think you have the problem of turning politically against this being a nation of immigrants and welcoming immigrants to our shores. i think it changes the politics of it. it changes the popularity of immigration. what say you? >> once again, i think you nailed it. as someone -- i actually believe that we do need a total overal overhaul of our immigration system. i agree with some of the things obama wants to do on immigration reform. this has poisoned the well. i think the president has done a disservice to the whole aim of (?) getting a modernized immigration system so we canth thwecan get the best and e brightest. the brainiacs who will go to silicon valley and create new industries. there's a toxic environment. that's a real disappointment. we do need immigration reform. and even this point about, you know,

legalizing some people who were here illegally. i think americans would go for it if you have a secure border. you don't allow the people to come in illegally before you get the border secured. it will be like a get out of free jail card. they'll jump over those fences. if you get here, you get to be legal. stuart: i think another wave is coming. looks like it. let me break away. i want to deal with the financial situation this monday morning. i have to tell you, this is pretty much dead flat. the market is trading in a very narrow range. it is, of course, thanksgiving week. we're up, what, 180 points from 18k. we're not that far away. s&p 500, also dead flat. up 2 percent. quickly now, the price of gasoline averages nationwide 281. would have thought. the cheapest gasoline in

the land. it's 2.24 at five stations across three states. spiynx. our friends at stripes, texas. 2.24. koscostco in hoover, alabama. good stuff. i looked at 2.55 in new jersey at 3:45 a.m. this morning. that's to prove i do actually get out of bed early. let's get to the wild weather shall we. we're starting the week with much warmer temperatures. that could be bad news in buffalo. after 7 feet of snow, it's going to melt. now, they're bracing for potentially dangerous flooding. janice is here. i want you to tell us about the winter storm that's coming up for thanksgiving. go. >> just in time for thanksgiving. we'll start tracking this tuesday as the low starts to -- up towards

the mid-atlantic on wednesday. this will be the big travel -- on wednesday we'll see rain and winds causing delays. this is, of course, millions of people. along the coast, rain transitioning to a mix of snow, interior sections though we'll see an all-snow event maybe 6 inches plus. as we head out towards thanksgiving, this low will exit. wednesday will be the big problem across mid-atlantic to northeast. winter storm advisories for upstate new york. up towards new england. the big travel day is wednesday. it is going to be very impactful here along the mid-atlantic and the northeast. stuart: did you just say impactful? there's no such word as impactful. >> really? stuart: really. >> did i just make up a word? stuart: i heard it before. >> you're just joking.

stuart: no. it's not. >> it was very impactful. stuart: see you soon. something much more serious. still waiting for a grand jury decision out of ferguson. lots of controversy surrounding this one. rudolph giuliani weighed in on meet the press. >> i find it disappointing you're not discussing the fact that 93 percent of blacks in america are killed by other blacks. we're talking about the exception here. >> he was alluded to as a white supremacist for that comment. what do you make of that? >> the mayor is absolutely right. stuart: the former mayor of new york city says, look, why aren't you talking about black on black crime. 93 percent of black folks in america are killed by black folks. why aren't you talking about? >> the person he was having the discussion with is mike the professor at georgetown. one of these black

elites that don't want to talk about black behavior, but white behavior. while mr. giuliani is citing facts and figures. blacks are only about 13 percent of the population. are responsible for an absolute majority of homicides in this country. a very small percentage of the population responsible for an outside amount of crime that is what is driving these tensions in ferguson and tensions between the police and black communities in many places. the black left doesn't want to talk about that. they want to make like police shootings are the norm when they're the exception. stuart: what will we do about this? if you can't speak openly about a failgt problem, what do you do? >> we have to start the right conversations. that means being honest about the numbers. being honest about what's driving racial profiling. what's driving police tensions in these communities. and also, make sure our

sympathies are in the right place. because of that black on black crime rate, the, like i say, are in these communities the (?) originate. frankly, i want tensions between police and the bad guys. that makes neighborhoods safer. stuart: you want to move on to robert rice. this is what he said recently. i'll quote directly. here we go, anybody that tells you that ceos and big corporations are the job creators, you tell them they don't know what they're talking about. the real job creates are customers. the only reason a business will create more jobs is because they have more customers. that's the battle cry of the left for the next two years, isn't it. >> what is this whole outsourcing debate about if companies don't create jobs. i mean, it's -- why are governors begging companies to come to their state and offering tax breaks in return if not for job creation? it gets regurgetated by

reich every so often. this is what he's about. we've had six years of economic policies. what do we have to show for it? obama got his stimulus. $780 billion. tax hikes on the rich. tax hikes on investment and capital gains. eggehe got it. what do we have to show? the slowest post war growth ever. >> why is a respected man like robert rikp, i believe he's a professor at a university. why is he saying this kind of thing? >> i think he's saying it because he believes the government is a bigger stimulus than the private sector. stuart: they want to make us like europe. >> they do. when coolidge cut taxes, when kennedy cut taxes, when george w. bush cut taxes, the private sector produced far

superior economic growth to what we're seeing today. stuart: all that extra money went to the rich. that's bad. surely, you know this. >> i know the private sector has a much better track record when it comes to creating job. i know he wants government stimulus. and he has a president in the white house who agrees with him. stuart: thank you for saying it so well. we appreciate it. black friday just a few days away. people across the country swiping their credit cards over and over again. here's the question: is it safe?

>> if you made $123 million in a one weekend period, would you be disappointed. nicole, tell us about lions gate. >> there are two sides to this. it certainly sets records of its own. lions gate is to the downside. the stock is down 1 percent. we're talking about hunger games, mockingjay part one. that came out this weekend. to stewart's point took in tickets of $123 million. this year's lanches moving open. why are the stocks to the downside? the hunger games

popularity did not meet the expectations. coming in at 123 million was light of the expectation of 148 million. that being said, it came in lighter than expected and didn't do as well as the prior hunger games. so it's a disappointment for the experts. probably people that love hunger games probably still loved it. (?) >> let's face it, it was an impactful movie. right? and i'm told impactful is a word. having a major impact or effect, as in an eye catching and impactful design. >> i think it was impactful indeed. >> utter nonsense, of course, because that's not real english. thank you so much. >> thank you as well. stuart: a little heavier shall we say. internet security experts discovering malicious software targeting saudi arabia. what's this all about? this is a big deal.

liz: it is a big deal. sem an particular is a big cyber company. the most powerful malware they've seen. more powerful than the stuck nest virus. nothing compares with it. it basically takes over the keyboard or the mouse. it grabs screen shots of what businesses and researchers are looking at. it can recover deleted files. it's so powerful, and it has been out there since 2008, and it's so lee key, even when they detect it, they can't ascertain what it's doing. stuart: that makes it good and powerful. if you can't tell what it is and what it's doing, they got you. >> detected it in ten countries. >> somebody is attacking russia installations and attacking saudi arabia installations. they're going on the attack with it. >> it's so sophisticated and it's so good it has

to have a nation state that developed it and is sponsoring and is using it. they believe it's a western nation state. stuart: as long as we got it, i'm cool. >> no infections of this in the united states. stuart: very interesting. good story, liz. thank you so much. check the price of overstock.com. we're less than four days away from the start of the christmas shopping season, joining me is ceo patrick byrne. welcome to the program. very good to have you back. >> thanks for having me. stuart: we're discussing a problem here which i think is widespread across the united states, that is people have had their credit cards canceled because somebody has hacked into their personal information created a duplicate card, tried to use it around the country, literally millions of people without credit cards at the moment because of this. now, if i use overstock.com and i use my credit card on your website, what degree of

safety can you guarantee me? >> well, we are fanatics on this issue. we knew we had a lot of enemies. we always thought from the beginning that we've got to be as secure as secure can be. i'll point out that forbes last year looked at 70,000 companies and they picked the hundred most trustworthy companies in the united states. we're one of the hundred. we're fanatics on everything to do with internet security. stuart: if i use your website and i use my credit card and something goes wrong, who pays? do you pay or does the credit card pay or do i pay? >> well, it all depends on the individual facts of the case. but it doesn't happen with us. we have split key -- you don't -- you have far more risk using your credit card in a bar and somebody pulling the receipt out from the trash can and getting your number then you do through an http s.

look for that s at the end of the htttps. that means you're on a secure page. they would basically have to be nsa or somebody. (?) that's not where they get it. they get it from sloppy -- the case from some of these other retailers that got hacked. they had vendors that got sloppy. the vendors sucked out -- somebody hacked the vendor and then got millions of credit card through the back door. you don't have to worry as you're typing it through the front door that it will get picked up. stuart: a couple of years ago, you're on the program frequently because you were being attacked. the shorts were coming after you trying to put you out of business. i remember this well. you've emerged from that. tell us how you're doing now. because we're right into the holiday shopping season. you're right in the middle of that season. give me an honest appraisal of how your business is doing as we approach this season. >> we're -- we're having a good quarter. not spectacular.

good quarter. mid-teens growth so far. and we are ready -- and we are really -- rear accelerating, and we're really prepared for this -- stuart: mid-teens growth. i'd say that's pretty good, wouldn't you? >> i think it's actually 18 percent, quarter to date. but, you know, anything in the mid-teens, i think, is pretty good, yes. stuart: congratulations. nice to have you back. patrick byrne, everyone. overstock.com. we'll see you soon. thank you. the iconic budweiser clydesdales been running 30 years. ditched this year. why? because of millennials. ♪ ♪

stuart: whoa. watch out netflix. amazon is preparing to launch an ad-free streaming service.

looks like amazon wants a piece of that action. however, they've released a statement saying they have not announced any plan to offer -- they didn't completely deny they're working on one and the stock is up three bucks. look at google, please. no impact on this stock expected. they've got a new contributor program. you pay one, maybe three bucks a month. google blocks those pop up ads on some sites. ten websites, including the onion and mashable have signed on to the service. (?) it's in trial phase right now. only users with a special invitation can start using it. the stock is up at 5.49. then budweiser known for their iconic clydesdale commercials. change their advertising tactics to pea appeal to millennials. the horses are out. what's in?

>> a couple of things -- next year, budweiser, they'll start advertising at music festivals. link up with jay-z to appeal to these 20-year-old crime. 40 percent of millennials haven't tried a budweiser. never tried this iconic beer. they have to go after the millennials, the 20 somethings. they're not going to do it with those horses. stuart: twenty-one to 27 year olds. that's almost half of them have never even tried a bud? >> correct. that comes from their own research. stuart: this is the united states of america. >> there's like ten options for beer. there used to be only four. budweiser was one of them. it is true. bud light, coors light, craft beers. stuart: they're rearranging their whole advertising, zero in

on ads which appeal to youngsters, 20 somethings. >> they have one coming out where the camera will go directly on a young person. they call out one of their friends and they say i want so-and-so to try. interactive. no word yet on whether we'll see the clydesdales. >> how many of those youngsters know that budweiser is actually owned by foreigners. >> i don't think many of know that at all. (?) but when you go to another country, budweiser is very cool and very expensive. >> it's considered champagne in japan. >> pbr. >> who drinks pabts in america. fox news sources say hagel was fired.

here's a question. hwho was the longest serving person under obama. who was it?

stuart: all right. it is warming up across the country. that's good news for those in the midwest where it was very cold. it's smelting, now, they're getting ready for flooding in new york. today is 20 degrees warmer in last week for some part of the country. however, look what's coming. look at this. another winter storm expected. it's moving up the east coast. by the busiest travel day of the year. wednesday right before thanksgiving. heavy, wet snow. again, that's wednesday. right up there in the northeast right before thanksgiving. always something, isn't it. time to answer the question, who is the longest serving defense secretary under president obama robert gates. he served 890 days. hagel has been on the job 635. big congratulations for frank for answering it correctly on facebook.

herman cain with us. come on in, herman. now, we are told that chuck hagel did not resign he was fired. i wonder what's the problem between the president and the military? because he keeps coming back. >> i believe he was fired for the following reasons. first of all, i knew chuck hagel before he was a senator before he was defense secretary. and i know his character. he was probably fired because he was given advice to the president and his administration that they didn't like. (?) after a while, the president and the people around him in the white house decided, maybe we need someone else in there who will be more of a yes person. chuck hagel is not a yes person, that's why i believe he's leaving. >> next case. negotiations to curb iran's nuclear program. it hit a wall. we're going to extend it for seven months, all the way through to next

july. herman, i say that president obama is going to accommodate a bomb for the iranians. i think he's going to accept it sooner or later. he'll say, okay, you're going to get it. you say what? i say that it's just another delay that won't produce anything. and in this case, since we have a republican-controlled congress, the president will not be able to accept an accommodating agreement with iran. what the united states really ought to do is to execute what i call the economic squeeze strategy. that's different from sanctions, stewart. because, as you know, the price of oil has been coming down. iran's economy depends upon a high price of oil. (?) the more we push it down by producing more oil

domestically such as proving the keystone pipeline and adding to the world supply, the lower the price of oil goes, the less iran will be encouraged to be able to fund a nuclear program. that's the only thing they will understand. they aren't going to sign any agreement that's going to stop their nuclear aspirations. >> robert reich sounding of what he calls as the real job creates in united states. >> anyone that tells you that ceos and big corporations are the big job creators in canada or the united states or anyplace around the world, you tell them they don't know what they're talking about. the real job creators are customers. a business will create more jobs because they have more customers. >> herman, i want your response to that because you ran godfather pizza.

you've been a ceo. you know what this is all about. i think we'll here a lot more of stuff like this from the left as we approach 2016. what's your response to robert reich? y thireich? >> this is more robert reich nonsense. he's right about one thing. the more money consumers have the more they will spend to contribute to the economy. yes, but they have to have a job first. he is dead wrong when he says, ceos and stockholders don't create jobs. who takes the risks? the ceo, the stockholders. who makes the investment, stockholders and ceos. who makes the decision to expand the business to create more jobs? stockholders as well as ceos. robert reich is creating hopefully another distraction tactic by talking about this phony income inequality issue because the facts don't bear it out, just like

that phony war on women issue that they tried to use during the last election. this is more robert reich nonsense. stuart: i like the way you go at it, herman. this week marks the fifth time that the obama administration will release regulations on the eve of a holiday. 3,000, 415 regulations. quick comment on that if you have time go. >> the reason they do it just before holiday. they hope people aren't paying attention. a lot of the american people are not paying attention, but organizations that watch this kind of regulatory abuse, they will be paying attention. and they will be bringing it to the attention of the american people. for an administration that wanted to be the most transparent in history, they have become the least transparent in history, and this is just one more indication.

>> extraordinary. four straight answers to four order pedestrian questions. that's herman cain for you. he produces value, does he not? jobs too. herman cain. thank you so much. >> thank you, stewart. i always enjoy it. stuart: thank you. 3,415 regulations. >> yeah. no downside -- no downside to overzealous bureaucrats who aren't elected and not accountable. a lot of them coming out of the eta. the size of the regulation nation equates to the size of canada's entire gdp more than $1.8 trillion. that's to cost. the cost of the us economy. yes, we want clean air. yes, we want clean water. we want regulation. we're talking about a stealth hit to businesses. and it comes -- the fall out you see it at the irs. questions that are posed to them by taxpayers, the irs is having a hard time enforcing the pile, you know, dumpster truck

of rules on them. >> it's a dumping of rules at that tim at a time when they know the media isn't watching. the irs emails discovered wednesday afternoon. 314 new regulations right before thanksgiving. >> one -- approaching the size of the cost of france. big one coming next year, the eta land grab in the term of redefining what is waterway. that's a big one coming down. >> hands off my land, please. liz, thank you. having a positive attitude can be a bad thing? the professor who says yes.

>> the dow jones industrial average down ten points. the s&p 500 holding onto a gain of four points. nasdaq up 30 right now. that's the gain of nearly three-quarters of 1 percent. the vix index taking a breather. let take a look at the retailers ahead of black friday as everyone is

getting ready. they'll be battling for your dollars. lowe's holding onto their gains. these names actually hit record highs today. so do keep an eye on the retailers this week. analysts talk, kate spade and lumber liquidators. verizon pulling back after cut to neutral. more an stanley. tesla and bmw could be tying up. elon musk spoke to the two and talked about a collaboration on batteries. much more on varney & co coming up.

stuart: what's the deal with your money this monday morning? the dow industrial averages down ten points. char is here. we're all, but dead flat here today. i've got a feeling that we might hit 18,000 on the dow industrials by wednesday afternoon right before thanksgiving. you say? >> thanksgiving, maybe not. i do believe santa claus is coming to town. i think by christmas, yes. we have a very good chance of it. stuart: okay. so a year end rally, 18k and beyond. >> which isn't to say it couldn't happen by wednesday. it could. >> what's so good about financial moment? >> stocks like to travel the path of least resistance which have been up. a lot of institutional managers missed this

rally. hedge funds got beaten up in october. they're piling in. everything is working out to the market's benefit. nothing in the market's way right now. stuart: nothing? >> something out of left field perhaps. >> what about russia -- >> they'll wait next year. >> that will happen next year. stuart: give the stock you would like that you would buy now you think will be will go up in th. royal dutch shell. that's way down. >> because of oil approximately it'.it's down. i think oil will stay -- by my numbers, it will stabilize between 70 and $80. royal dutch shell should do well. rate is 4.8 percent. stuart: how much? >> 4.8 percent. >> whoa. >> nearly 5 percent of current prices?

i'll take -- not bad at all. >> i'm glad you came. year end rally 5 percent rally. >> santa claus was in his bag. special guest on the show. our next guest, i guess you could say shot down conventional wisdom. that wisdom is that positive thinking is the way to go, the way to reach your goals. gabriel is the author of rethinking positive thinking. she is a professor of psychological at nyu. is that correct. >> correct. stuart: okay. i've always been taught that you think positively about yourself, your surroundings, you're off and you're running. >> that's how we got into research, but the data showed it might be a little more complicated. so positive thinking is good for some. stuart: give me an example for whom it is not good that it is bad. >> it's good if we want

to have pleasure. if we want to explore the future and all the possibilities there are for us. it's good if we can't act. but it is not so good if we actually want to realize and obtain our wishes and our dreams. >> you mean, it lacks -- if you're always thinking positively, you're desperate to think positively, you won't be motivated. >> you won't be motivated. you won't be energiesed. you think you already have it. you enjoy it already in the here and now. stuart: are you trying to destroy our positive feelings and our sense of, in americ of n america. >> no. >> coming from a negative direction deliberately inserting your leftist policy. deliberately doing this to us. >> come on. come on. positive thinking can be good if you want to have pleasure, but then, if you want to obtain your positive future, you

better instill it with a clear sense of reality. and that's what question call mental contrasting. what our experiment shows, when you imagine the future, and then you juxtapose what is actually holding you back from realizing the future, then you get better in daily life. you prioritize, you go for it. what you really want and what you really can, then you postpone, you delegate, you let go from these things, which are really not feasible or which you don't want to do. it helps you clean up your life. it helps you get rid of these overwhelming many goals. you go for it, what you love, and you disengage from what you don't. stuart: i think i gave you a lot of time to explain that. and i do understand it. but i don't want to think negatively.

i'm not like that. >> i give you a strategy. the strategy is called, woop. you identify a wish. a wish which is actually dear to you. then you identify the outcome of realizing that wish. you imagine it. what would be the best thing if you realize that wish. then you say to yourself, actually what holds me back from achieving that wish? then you imagine your personal obstacle. then you put a plan on that, and you say, if that obstacle occurs, then i will. then you put in the behavior to overcome the obstacle. and i tell you, if you go on woopmylife.org. you can check it out the book. stuart: you got the advertisement in. that's clever.

are you on the left politically? >> you promised to me, we would not talk about politics. >> don't talk about it. >> don't you think abou about -- stuart: we only talk about positive thinking. my positive thinking was, well, mr. varney doesn't talk about politics, but what stands in the way? well, he might talk about politics so i prepared to say i would not talk about politics. stuart: oh, jeez. got me. sorry. thank you for being with us. interesting theory. >> look at the website. >> we'll put it up over there. >> the faa, the federal aviation administration will reveal its rules on drones. more bureaucracy

>> the wall street journal reports the faa is about to come out with new rules regulating screurm-grade drones. liz mcdonald has information on what rules are being proposed. >> cannot fly them over 400 feet. you can only fly them during day light hours.

you have to be within sight of it. you have to be able to see it. stuart: i can see how that would be more bureaucracy. i also see how you have to have rules. we have pilots spotting drones near their jets. >> that's rough. but state and local governments too will be coming up with their own rules. so there's a lot of concern there on the part of the farming and hollywood and real estate industries. >> i can understand the need and use of drones, i can also understand the dangers. fly one of those things over a football stadium with 60,000 people, who knows. >> or nearby someone at a beach and clobber someone over the head. stuart: need rules. never thought i would say that more varney next

how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. stuart: i think the big news today for your money is a sharp decline forecast. look at the stock market.

i call that dead flat on a very quiet day right before thanksgiving. gas is down and that is important. deirdre: cyber security reports that a western organization targeted russian and saudi arabia assets. we will give you more details. amazon has a lot riding on proposed legislation. new material by beyoncé and taylor swift proving that the industry is changing. a technology and music expert will join us on how he sees the future. a western intelligence agency has been targeting organization businesses in russia in the last five years. we will