joining us. joining us tomorrow, john bolten will be here along with kevin hassett and tim draper. have a great day. "varney & company" is next and here is stuart. stuart: that's a great introduction, maria, thanks very much indeed. escalation on two fronts, military and political. good morning, everyone. firstoff, escalation in the south china sea. the financial times reports american warships will challenge china's man made islands. our navy will sale close to them. america is saying we do not recognize your territorial claims and we'll challenge them. hillary clinton comes out with a sharp anti-wall street policy, tax them, fine them, restrict them. as joe biden considers a run, hillary takes a sharp left turn.

ben carson on the show today, is he the most conservative? he says, yes, i probably am. it's his birthday, so you let him win. if you're vladimir putin you let him win and score seven goals, and he was fully clothed. "varney & company" is about to begin. ♪ >> all right, it's thursday morning. where is that market going to open today? it closed yesterday at 16,900. today, it will be down 50, 60 points, that would be 29 minutes from now. we'll take you there, you'll watch it. all right, now look at where fiat chrysler stock will open. they've got a new deal with the uaw. no strike overnight and the stock is going to move up to the 14 level to just over 15. not much of a bounce, but it will be up. how about the price of oil off its highs from earlier this week, but still alt $48 a barrel.

oh, i hate to say this. hate to bring this up, but look at this. the price of gasoline, up two cents, oh dear me. 2.31. what's up? >> that's a positive. stuart: it's not a positive. >> no, it's positive. stuart: get out of here. >> the low levels weren't helping the consumer. stuart: i don't care, it was helping my gas bill. stuart: . >> come on. stuart: and the u.s. war ships to challenge chinese claims in the south china seas. you can see them right there, just about you can see them, the ft, financial times says we will sail within 12 miles of those islands, thereby challenging beijing's claims. ralph peters is with us. we've retreated everywhere else is this a meaningful pushback? >> well, it hasn't been finally approved yet. the white house has to give it the green light. the plan is humble to send one

naval vessel into the 12 mile limit declared by the chinese. the problem if the white house does finally approve it and doesn't check it out. because we've retreated everywhere and so weak. the chinese could see anything, chinese ships behaving aggressively to escort us out, to escorts out. and conflicts in the air. before they had obama to play with they were behaving aggressively. let's hope we go in half a mile and come back out and say we did it. the potential for real conflict is great and i think a key turning point, actually was when obama, last month, threatened to impose sanctions because of china cyber espionage. president xi came to washington for the state visit and said, oh, well, we won't do it anymore and obama says, okay.

we're perceived as such wussees. >> russian jets intercepted u.s. predator drones. that's a challenge to the united states the other way around this time, isn't it? >> what they've done with the drones is shadow them. also within the last 48 hours, a u.s. jet had to divert its flight path to avoid a possible collision with a russian jet. the russian media said oh, they had to get out of our way, that we chickened out. and over iraq and iranian territory to get to syria, he's violated turkish air space twice and now russian forces are backing a serious, syrian

offensive not against isis, but relative moderates and it's worse and worse and we have not responded at all. stuart: that's what i'm getting at. i'm trying to wrap it all up and maybe maybe i'm grasping at straws, but maybe the beginnings of a pushback are there. maybe we're beginning to hold the line as opposed to retreat from the line. you're having none of it, right? >> word don't stop bullets. rhetoric does not stop what you're seeing, confessional cleansing on the ground and i think that's something that the media are missing. there is concern about the assad offensive, russian actions driving out more refugees towards europe and the europeans are not happy about that and they're worried, but what they're missing is a conscious policy on the part of the assad government in syria, the iranians and russians to cleanse the area and drive out the sunni muslims, the sunni arabs from the core provinces if they're left desolate that's

okay with assad as long as he still controls it. we're missing-- yet, again, we're missing the big picture. the big picture is ugly and president obama not only is he unwilling to act meaningfully, but i'm afraid that putin's going to keep poking us and poking us until there's a violent confrontation and obama betrays our military and backs down again. stuart: oh, colonel ralph peters starting 0 of on an interesting note this morning. we'll see you again. >> thank you, stuart. stuart: early this morning, i sat down with dr. ben carson, presidential candidate. here is what he said when i told him-- i asked him are you the most conservative candidate running in this race? roll tape. >> i don't necessarily see myself as a conservative, a liberal or anything. i see myself as a logical person who loves america. stuart: i actually pressed him and he said i probably am the most conservative.

here is fox news contributor ebony williams. and i also asked dr. carson if he was the nominee, the republican candidate, what proportion of the black vote would go to dr. carson, to the republicans. and he said a strong proportion. he didn't put a number on it. >> that doesn't surprise me. everything about that interview and statement is measured and i think that's what we've come to expect from dr. carson. i don't think he's out of pocket to get some proportion not because he's black, but he's talking to issues, education and things attractive to the community. i appreciate the first part of his answer he doesn't see himself as necessarily so liberal and conservative. what does that sound like, like a guy who got into the white house who said, i don't see blue states and red states, i knee the united states? and many people find it attractive in the general. this is a primary and people tend to be more partisan. and i think it's important that he bolsters his credibility when it comes to the

republican. stuart: he has a new book out. in the essence of the book, i've never voted for an issue or lobbying anything in exchange for a donation, what's wrong with that? >> nothing is wrong with that. that's the kind of rhetoric-- >> could you find yourself to vote for him? >> i would consider him, not off the radar for him e push comes to shove you're in the voting booth. >> it's too early, i can't say that. stuart: no, it's not. >> i can cannot say i wouldn't. stuart: and can you say positively, yes, i'd do it, can you say it? >> not right now, but maybe, stuart, maybe. i would absolutely car it. stuart: in voting for carson? >> of course i'd consider it. no, fastest growing segment are independents. i'd like to see vice-president biden run. stuart: really? we got that. far more interesting. stuart: you can come back anytime you want.

we'll see you again soon. later in the program today, that would be in the 11:00 hour this morning, two hours from now, watch the whole interview with dr. ben carson, it's good stuff. back to the futures market. are where are we going to open 22 minutes from now? we're going to open up down 60 points. the dow well above 16,000. mike murphy is with us. before i get to the overall market, i want to ask you what do you make of this, this news that came out the day before yesterday. i was away yesterday so we didn't cover it. china is beginning to sell our debt and loaded up on u.s. treasuries and they've started to sell it, what do you think of that. >> i think that someone is trying to paint a negative. i don't think it's a big deal. a year ago, two years ago, the big concern was china owns too much of our debt and now people are looking at it from the negative side, china is selling too much of our death. and it's the second largest participation from foreign buyers ever.

so china-- i'd rather china own less of our debt. stuart: we're not running out of buyers. >> brazil and russia are in u.s. debt because those countries are struggling. >> and india are starting to increase. stuart: i was away yesterday, but i noticed within the last six days, the dow has gone up almost 800 points. are you on board with this? >> i'm board-- >> do you think it's going further? >> i've been on board. we sold off big time so we were oversold. the market was down over 10%. we've started to rally now, we had a 7% rally. we've had the strongest five days that we've had this year, we're not going to go straight up. so, if you have big gains, a lot of energy names, material names sold off hard. stuart: i hope you're right because we've got a fancy flashy new graphic that says 17,000 on dow. >> it's coming. stuart: it's coming? >> today or tomorrow for sure.

stuart: mike murphy, a brave man, all right. the next case, the historic flooding in south carolina, it continues to cause real trouble across that state. jo ling kent wraps it up for us. >> issuing a statement flooding dangers remain in place the next 24 to 48 hours and the governor issued the warning as the death toll rose to 19 people in the carolinas. meanwhile, lindsey graham says the disaster could cost more than a billion dollars in federal emergency funds. we're expect today hear from michael horn, and next hour he'll testify in front of a house committee. he admitted that they've screwed up and the exercise

theraband, he and his wife are seeking damages after he was lifting weights and causing multiple injuries on new years day. you remember the serious eye injury he got. stuart: we've got something quickly to put on the volkswagon story. >> prosecutors in germany have conducted raids on their offices and finding out who exactly is responsible for the manipulation of those engines. stuart: got it. can a faith-based movie succeed at the box office? what if you make it about football? the answer, if you look at the past is yes, it can win big. roma downey, executive producer of woodlawn, her latest faith-based film. she is next. first, a shutout in pittsburgh, the pirates fell to the cubs 4-zip. it was a testy affair last night. benches cleared in the 7th inning. i'm sure we're going to see that.

thank you very much indeed. >> there you go. >> the pitcher was hit by a pitch. the cubs in the next round. watch this. >> two runs in the start and-- a check swing and for the first time in 12 years, the chicago cubs have a post-season victory. looks like some folks have had it with their airline credit card miles. sometimes those seats cost a ridiculous number of miles... or there's a fee to use them. i know. it's so frustrating. they'd be a lot happier with the capital one venture card. and you would, too! why? it's so easy with venture. you earn unlimited double miles on every purchase, every day. just book any flight you want then use your miles to cover the cost.

now, that's more like it. what's in your wallet?

>> what would you say if i told you it doesn't have to be this way. what would you be prepared to do? i'm asking you right now to stand up and make a decision! change, to forgive, be forgiven. stuart: that's good stuff. a clip from roma downey's new faith-based film woodlawn and she joins us now. welcome to the program. >> oh, thank you so much. that's a really-- a scene that you saw. stuart: give me 30 seconds of

what the movie is about, i think it's a true story. >> it's a true story, i'm an irish woman and condensing anything into 30 seconds is hard. it tells the story of a young player at woodlawn high school, alabama in the early '70s, a time of when they were desegregation in the schools. the football team were at odds with each other and the chaplin comes in and allows them to replace hate and fear with love and home, and you know, we know that america loves two things, they love god and they love football. stuart: it is a faith-based movie. >> it is. stuart: christianity is at the heart of this movie. >> yes. stuart: the naysayers will say it's a movie, but it's a niche marketed movie. it will never break into the big time with mammoth box office? do you accept that that you essentially get a niche marketplace.

>> i think we revealed with the success of our tv series "the bible" which aired a number of years ago and everybody thought that no one would watch and we had a combined audience of over 100 million people tuned in to see that particular series, i think that it shows that there are an awful lot of people out there that are hungry for these kinds of stories that connect them, that connect them to god, that connect them to each other and this is an important story because it deals with equality and racism and it gets right into the heart of it. stuart: i'm jumping in for a second. i know you're from northern ireland and that was a segregated community. >> it was. stuart: when you left it. >> which is part of the-- >> you're drawing on that experience of the segregation that you're describing in that movie. >> absolutely. it was inspired by the civil rights movement in this country, that's northern ireland first marched for civil rights in the late 1960's and certainly, there are parallels with what has happened in this

country, a little bit, but this story of this young kid played by caleb ka castille, jon voight, it will have people cheering in the aisles and make them cry and stir them up. it comes out in theaters everywhere next weekend. stuart: theaters everywhere. multiple all over the country. >> all over the country and it's a film you can go and you can bring your whole family with you because it's content you'll want them to experience. stuart: roma downey thank you for making the three-way british panel. >> thank you for having me on. stuart: the harvard debate team no match for the inmates, prison inmates. the ivy leaguers crushed in the

competition, not sure i believe that. vladimir putin celebrating his birthday playing hockey with in had will legends. no surprise who won. he won, hands down. [laughter] at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda.

you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck.

i just had a horrible nightmare. my company's entire network went down, and i was home in bed, unaware. but that would never happen. comcast business monitors my company's network 24 hours a day and calls and e-mails me if something, like this scary storm, takes it offline. so i can rest easy. what. you don't have a desk bed? don't be left in the dark. get proactive alerts 24/7. comcast business. built for business. >> now just look at general

motors, how it's going to open down. the company is telling some owners of suv's, don't use your windshield wiper because the electrical short could cause it to catch fire. there are 2016 enclaves, and gmc acadia suv's, the stock is going to be down. the ivy league's finest, that would be harvard university's champion debate team. defeated by a team of inmates by a maximum security prison from upstate new york. and there was a panel of debate judges held inside the debate facility and prison team talking about undocumented children not being allowed in and they won. >> it's no fluke. prisoners from the new york correctional facility, they've already beaten the university of vermont nationally ranked debate team and also west point.

they're very good and after their recent successes contacted harvard and they'd like to see how good they are to come on and beat them. you have to defend what you don't believe in, that's the twist. stuart: oh. ashley: so they defended public schools in the u.s. having the ability to deny enrollment to undocumented students and they won defending issing they don't believe in. the prisoners have limited access to internet and books. stuart: the standard of debate technique. ashley: you defend what you don't believe liz: they were not coded. they're held to the same standards as the other students and you know what? the recitivism rate they don't go back. stuart: we've got to go. we don't want to be to the opening bell. you'll get the opening bell in a sec. i promise.

>> anybody who tells me, you can't, like nancy pelosi, you can't reduce by one penny for it will be a complete disaster because 100% efficient, what a bunch of crap. [laughter] >> he doesn't pound the table,

he's not loudly outspoken. ashley: quite effective. stuart: but he makes his point and you can see the whole interview with ben carson in our 11:00 hour this morning, it's a good one, i promise. the opening bell, we're about to start trading, a couple of seconds to go. we're looking for the drop, 40, 50, 60 points, and goes all the way up there at 16-9. we're down 26 and the day is off and running and down 25, down 20. that's not much of a loss, fairly flat open at this moment. remember, please, the dow is coming off its best winning streak since july. here with us this morning, ashley webster, liz mcdonald, mike, we'll start with you. why are we down? we're not down very much. 25 points. why are we on the down side this morning? >> we've had a rallied. off lows we've rallied 7% from where we were. the market is going to digest this, you have negative news internationally this morning to digest and then you have very good news on the jobs front here in the u.s.

so, net-net, i think we take a slight breather and then continue our move higher. >> what do you say, larry levin. net-net, a slight breather and then higher. what says larry levin? >> i think that mike is right on there. i don't think that the breather will last long. don't expect to us to stay long for very long. by this afternoon you'll see the markets higher and the rally continue. >> china shall the news of the week, to some people. china is beginning to sell u.s. debt. in other words, they're dumping treasuries. they were once the biggest buyer of those treasuries and now they're starting to sell. explain what's going on, larry and should i care about it? >> i'm not sure it's going to, you know, in the treasury market you're probably watching on a daily basis and want to see the in-flows or out-flows. if your viewers trade in and out, i'm not sure that matters too much. i think that china is thinking about taking profits and

obviously bought a whole bunch of good stuff as far as our debt is and probably money off the table. not really affecting the equity markets in any way. >> we hear you, i thought that might be big news, no, no, i thought maybe china was exercising leverage over america. but nobody cares. all right, moving swiftly along, i'm talking about alibaba. that stock is down 36% this year, what a concern over the slowing growth in the chinese economy, it is, after all, china's amazon or known by that. the chairman, jack ma. he sent out a letter to shareholders, calm down. what else is he saying? >> he's saying that consumers are shopping on-line and he's 0 ut with daniel control. this stock lost nearly half of the market value since the high later last year. it's trading down below that offering, twice quarterly earnings, watch out what they say here, the value of job line

transactions are going down. >> it's a rotten chart like that. >> the hockey stick. stuart: how about this? dell,which is a private company, in talks to buy the cloud computing company ems which is publicly traded. nicole, what's that doing to emc? nicole: emc is up 4%, what could be one of the biggest technology deals ever in history, could require $40 billion in financing and the offer could be upwards of $27 a share. and emc off that 4%. stuart: it's not making a big splash because these are two what i would call old line companies. it's not a brand new product fresh out of the bag. it's not making a big splash this morning, is he? >> well, first of all, it's unconfirmed, that's number one, but there is cloud computing in that and that's sort of knnewer than the data storage.

it has merit to it. >> the panel of three judges sitting here was making faces when i said nobody cares and not making a big splash. liz, where did i go wrong. >> that would be my ticker if e-mack went public. stuart: are you going to. >> no. ashley: a splash. stuart: why were you pulling a face. >> i think that nicole is spot on. emc owns bmware, this is cutting edge and i think if dell does this deal it's more for the vmware and interesting to see what they do with the vmware if that's part of the deal if they take the whole thing private. that's what i think people will are watching. stuart: okay, back to you nicole ed. nicole: all right let's do lumber liquidators. it's down 80% this year. 7.7, at the moment, this makes a deal. they admit deals. you remember they're importing lumber that's allegedly from

forests that were illegal so they're admitting guilt and with that, some of the money goes to national fish and wild life foundation and rhinoceros and tiger conservation fund and it's a small pop today. stuart: that's not a sentiment of the idea that the toxic fumes come up from the floorboards? >> no, there is no reports of this, that's from the formaldehyde, this is just the wood. stuart: tune in 5:00 sharp, 5:00 eastern lauren and nicole start your day in business. next case, mike brought us, that would be mike murphy sitting to my left, not my political left, by the way, a couple of picks, stocks that he likes, stocks he thinks, and his mom is watching, she was born in kerry. >> my only fan. stuart: go out and buy halliburton.

look at the camera and make your case. >> halliburton is a huge oil services stock and beaten up like the other names out there. late last year they went out and bought they bought baker hughes. and the one plus one in this case equals three. there were synergies there and oil is trading down and then i think it will be up to the 60 earlier in the year. stuart: it's your mom, she's not interested. >> conoco, you have over 5% dividend yield, but be careful when i was on two weeks ago and spoke about conoco, the stock has rallied 15% from those levels. you don't need to chase it, but oil is made a move higher, but i think na overall oil will be higher and conoco, and you get 5% while you wait. stuart: i want to move over to amazon, may be interested in

launching a job line live tv service. we say this all the time, streaming is king and it will be tv on the national, essentially. >> yes. stuart: therefore it's a form of streaming. >> absolutely. stuart: i think it's another new avenue of amazon, in a whole field of avenues that you go down? do you like the stock? >> it's tough for me to buy here. if you judge amazon on valuation, it's not a buy. but look the last 20 years, jeff bezos, anytime you've doubted him. stuart: it looks like tv is moving to the internet. >> the tv that you want to watch. stuart: and general handmade goods. they're trying to take a bite out of the etsy. etsy is down nearly 4% and so

is ebay by the way, amazon is coming after them. ebay is down nearly 5%. amazon is a big player. ashley: very much. stuart: i want to know why apple is languishing at $109 a share. do you want to explain this one, murphy? >> sure, i'll do my best. apple ran up into its last earnings report, mid 130's. since then a slowdown in china and concerns in the stock and now it's kind of stopped here because from a valuation standpoint apple is a streaming buy here. you're not going to find a company with this much cash or the balance sheet that apple has. they're selling product, still massive demand for their products. yes, it's a 600 billion dollar market cap. so a lot of people have concerns, although wall street, price targets are 140 to 160 range, a lot of the analysts believe there's a lot of upside. rather than listen to the analysts, the stock is stuck here at 110. i want to see it start to move

before i step in and buy. >> there's a lot of time on the show today because your mom is watching. stuart: look at netflix, it's challenged by youtube. paramount is putting hundreds of its movies onto youtube for free, of course. so if you're bored movies on netflix, log onto youtube. ashley: it's a crowded field, but for youtube, most people look at youtube for funny videos and anything on that. add movies, why not? >> what are the offerings, that's key, i married a monster from outer space and deadly bees. ashley: great movies, by the way. [laughter] >> the revenge of the killer tomatoes. >> my favorite and then the ants one. stuart: and made in escondido, california by the way. ashley: wow. stuart: look at linkedin, iran-based people.

>> they've discovered the hackers, out of iran, they suspect, are launching faked accounts on linkedin, making pretend they're representing northru northrup grumens, and they're sending fake applications that have phishing malware on it and iran, according to law enforcement, ranks up there with china, russia, north korea with their hacking ability. under the radar screen, there was a hack into sony by north korea, at that that happened in 2014. stuart: check the big board, please, we're ten minutes into the trading session, this is a thursday morning and we're down 42 points. the dow is at 16,870. here is what's coming up for you. hillary donors, some of them now moving their money to joe biden.

we're talking to one of those donors in a moment. i've got good news to share with you. "varney & company" making fbn history with the best watched show monday, it beat the competition in what's called the demo, pretty good strides in our time slot because you the viewers, thank you very much, everyone. more varney in a moment ♪ i don't know why you did what you did, what you did, but i thank you ♪ it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures

and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. try super poligrip free. that's a good thing, eligible for medicare? but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they pick up some of what medicare doesn't pay and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand what medicare is all about and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit

any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. there's a range of plans to choose from, too, and they all travel with you anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. ♪ call today. remember, medicare supplement insurance helps cover some of what medicare doesn't pay. expenses that could really add up. these kinds of plans could save you in out-of-pocket medical costs. you'll be able to choose any doctor who accepts medicare patients. and there are virtually no referrals needed. so don't wait. with all the good years ahead,

look for the experience and commitment to go the distance with you. call now to request your free decision guide. this easy-to-understand guide will answer some of your questions and help you find the aarp medicare supplement plan that's right for you. >> you've got to see a lot of this, it's good video. vlad putin separated his birthday and scored seven goals with former nhl players and businessmen.

it was broadcast on live television and putin was putin's team won, and later he was given a trophy. not bad, vlad. stuart: yesterday, some people on the show were speculating 17,000 by tomorrow. were you? >> no, i was more cautious. stuart: you did. ashley: and it could hit 17,000 if you believe mr. murphy. stuart: we're down at the moment. how about the price of gold? the confrontation looming in the south china sea. if you don't have inflation you don't have much of a gold price. now look at this, gopro, a new low after it was lowered to 35 from 62.

the latest today. 28. the latest on hillary clinton's e-mail controversy, according to a document, clinton's private e-mail server which did store 55,000 pages of e-mail, it was the subject of attempted cyber attacks after she left office in 2013. a period more than three months when that protection had not been installed, making her server vulnerable to cyber attacks during that time. there was a window of opportunity for the hackers when they saw it was not protected, it was about three months. still on hillary, my next guest is a former hillary clinton donor, who had defected to support joe biden. welcome, bill. you originally gave $5,000 to a pro clinton super pac, now you've gone the other way. what happened to change your mind? >> fwor good morning. >> essentially the probably

impact, what people do for business decisions, they ask a simple question, what's the likelihood of something happening and the impact if that did occur. the question right now we're facing, will hillary get indicted when a probability impact question, you say the probability is quite frankly, pretty high. the impact to be catastrophic. stuart: for you it's almost kind after business decision. you've got the money, which candidate are you going to back? you back the one i think is going to win. isn't there an element of ideology and policy you'd have to think about as well. what's wrong with hillary's ideology and her policy? >> it's not a question of what he is wrong with hillary. i have the utmost respect for mrs. clinton and it's not about joe biden. it's about a democrat in the white house after the next election. it isn't about who can win the primary. it's who can win the general election. >> okay, now, if you're a business guy and you are, why do you want a democrat in the white house who would continue the--

i mean, i know you're laughing. i can hear you laughing, i know you're not on camera, but i can hear you laughing. you surely don't believe that either hillary or joe biden and certainly not bernie sanders is going to give this economy any growth. you don't believe that, do you? >> news flash, not all businessmen are republicans, some of us are democrats and some believe that democrats have a better idea, especially as relates to what's going on inside this country. and from my very biased point of view, stuart, i'm a consumer advocate. i care about what happens with the middle class. and right now-- >> bill, bill, the middle class that is shrunk. median income is down with democrat parties from the white house. >> i don't disagree, but i believe i think it's going to get worse unless we do something about this. my vested interest is simple, i care about the middle class in america. stuart: bill, we appreciate you

being with us. i have no idea why you're doing this. with a smile on your face, all right. >> thank you. stuart: thank you, sir. all right. it's gathering of self-proclaimed geeks, nerds and mega fanboys and fangirls at new york comic con. the four-day convention that kicks off this morning. adam shapiro right there where fans have been lining up since early this morning. what's going on, adam? >> well, there are 161,000 people and one dinosaur who are attending this year's comic con, it's a huge event, stuart, it's all about pop culture, television shows, game of thrones actors, the whole cast will be here. "jurassic park," the hit, they're going to be releasing the blu-ray for the mega movie on october 20th, but they've got this dinosaur, it's a raptor, not sure what it is.

this is an example of some of what the fans who dress up and take part in this are going to be taking part in over the next four days, and i don't know, it looks liao-- looks like the producer justin, doesn't it. stuart: all i know, that thing likes you and likes your left ear, too. and we'll get back to you throughout the day. adam shapiro. >> you've got it. stuart: people in china headed back home from the holidays, creating unbelievable traffic. look at this, that's a 50 lane high school jammed. a big parking lot like the long island expressway. and hennessey, the king of the cognac market. they've got a 60% market share, but who is drinking cognac and who is going to drink it. ♪

so what's your news? i got a job! i'll be programming at ge. oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition!

so jill, i know the markets have taken a hit lately. mm hmm. just wanted to touch base. how did edward jones come to manage over $800 billion dollars in assets? huh. okay. here's our latest market outlook. two things that i'd like to point out... through face time when you really need it. so that's interesting, you know we had spoken about that before. it's how edward jones makes sense of investing.

glad i could help you plan for your retirement. alright, kelly and promise me that you'll try that taco place on south street. and we have portfolio planning tools to help you manage your ira. yeah, you're old 401k give me your phone. the rollover consultants give you step-by-step help. no set-up fees. use your potion. sorry, not you. my pleasure. goodnight, tim. for all the confidence you need. who's tim? td ameritrade. you got this.

>> will you look at this? thousands of drivers stuck in a massive traffic jam across a 50-lane chinese highway. remember, please, 750 million people, about half of china's population, a bit more than

that, on holiday for golden week. they're coming back home, and look awaits them. a 50-lane traffic jam. how could you change lanes. >> very slowly. >> that's a traffic jam and a half. >> and mo a, the vice-president of spirits, rodney williams is with us and showing us, can we get this on camera, that's a bottle of hennessey. >> yes. stuart: that's top seller. >> the privilege. stuart: 60, $70 a bottle? >> it's about $60 the number one vsop in the world. >> hennessey runs the market. >> we're a 55 share of the market and been in the market since 1794. stuart: that's a long time. >> a long run. stuart: the market of the

futures is the millennials, i don't think you sell much cognac to millennials. >> you'd be surprised, but what's different about millennials is the way they drink it. for older generation-- >> don't mix it with coke. >> no, no, no. maybe cranberry juice and bitters and some really sophisticated turns on very classic cocktails like, you know, new ways of making a side car or different ingredients. stuart: you don't care what they put in it as long as they buy it. >> absolutely, and drink responsibly. that's the wonderful thing about the generation, they're open to experimenttation, that the food stuffs that they-- the types of foods they end up enjoying. stuart: the biggest market in the world. >> in terms of volume the number one. stuart: second. >> china is very large. stuart: you're running a contest. >> we are. stuart: what's is about? what are you trying to do? >> this is the 12th year we've been presenting the hennessey

privilege award. this year there's a new concepts the privilege lab award. we're awarding a team for reworks to incubate their business. stuart: it's no idea for giving a new market for hennessey, it's hey, let's support small business and the business plan and model works? >> because the brand's mantra is never stop, never settle. the idea of pushing one's dreams and really going for it and the idea being able to help mentor an entrepreneur in this regard is pretty exciting and we think very much consistent with that idea. stuart: if you leave that bottle with us, you can come back and tell us. >> you're on. stuart: thank so much for being with us. >> thank you, thank you. stuart: coming up, don't miss the full interview with republican candidate dr. ben carson. you can see it all in the 11:00 hour. and of course, we're keeping a

close eye on the chinese and russian military buildups. the second hour of varney, two minutes away. we're cracking down on medicare fraud. the health care law gives us powerful tools to fight it. to investigate it. prosecute it. and stop criminals. our senior medicare patrol volunteers are teaching seniors across the country to stop, spot and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected fraud. we're cracking down on medicare fraud.

let's make medicare stronger for all of us. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use. insurance coverage has expanded nationally

and you may now be covered. contact your health plan for the latest information. >> the big board is down only 18 points at this point. we have predictions on this program that hit 17,000 today. we shall see. that's what mike murphy told us and his mom was watching, he said 17-k later on today and let's see how we go. we're down 21. hillary on wall street, she wants more taxes and regulations and fines. this is quite a shift to the left for candidate clinton. military escalation with russia. that russian jets are shadowing drones in syria and pushing them off course. and dr. ben carson, he was with us today. and he says he's probably the most conservative candidate out there.

"varney & company," hour two, starts now. ♪ >> all right. exactly 16,902 as we speak. 98 points away from 17k. we've got a shine i graphic to use if we hit 17,000 today or tomorrow. we'll see. how about gopro, a new low after morgan stanley lowered the price target from 62 and amazon launches a marketplace for hand made goods, that's taking a bite out of etsy shares and ebay is down 6 1/2%, they've dropped there. look at oil, off the highs from earlier this week, but holding around $48 a barrel. how about this? the u.s. taking something of a stand against china. new report that the pentagon

may move warships into the south china sea very close to those islands where china has been building up militarily, little islands right there. fox news strategic analyst lt. colonel ralph pete erringsrpeten the show last hour, he says the conflict is great-- >> and you can see anything from chinese ships behaving aggressively to escort us back out to shot across the bow, to conflicts in the air because the chinese, even before they had obama to play with, were already behaving aggressively. stuart: now, this would be the first time since 2012 that the u.s. navy has directly challenged china's claims to those islands. to capitol hill, please, vw executives are getting ready to testify on the emissions scandal.

we'll take you there when we hear some fireworks. check out vw price, the stock has come down a lot and hovering in the mid $20 range, $26 a share as we speak. to hillary clinton going after wall street. rolling out a plan that includes a tax on, we believe this is a tax on those high frequency trades. listen to what presidential candidate, dr. ben carson said about that. >> politicians love taxes and they'll come up with any excuse to tax people. i feel just the opposite. i think we have way too many taxes already. we need to be divesting ourselves of taxes not increasing them. stuart: let's get more on hillary's wall street plan. joining us to are this hour, anthony scaramucci, knows a thing or two about wall street. welcome to the program. >> thanks, stuart. stuart: now, it's a very technical thing that hillary is proposing, it's not quite the

tax on every single stock trade. i think it's a tax on the cancellations of those trades. i don't want to get into the knitty gritty of this, but essentially what is wrong with a tax on those high frequency trades? it's an it's a small tax, what's wrong with na? >> anything that impedes the flow of capital in the capital markets is bad for the united states economy. so we can tax that if we want to do that, but what will end up happening you'll see capital start allocating in a different way than i think makes sense. stuart: this is 1/10 of a percent of every stock trade? >>ed shares trading and 1/10 of 1 cent will continue to add up. i'll give you an example. volcker rule eliminated principals trading. and the law of unintended consequences. stuart. when you do something expecting

one outcome, it's an organism that adapts itself in a way that creates things that you don't necessarily like. stuart: but it's very hard to explain the opposition to that tax in a one liner that grabs people. much easier to say get those people. >> and donald trump, rail on the hedge fund managers and simple points. stuart: it's a plus for hillary clinton, isn't it? a good answer. no, question a plus and she is a focus group candidate. she just switched on the tpp for that reason as well. so she-- she's got a great weather vane and her approach to winning the presidency is to follow where the wind spins, it's spinning in the direction against wall street right now. stuart: stay there with us, i know you're here for the hour. one hour from now watch the whole interview with dr. ben carson in this program. i'm staying on this, kevin

mccarthy taking heat for this clip. >> everybody thought that hillary clinton was unbeatable, right? but we put together a benghazi special committee. what are her numbers today? her numbers of dropping, why? nobody would have known if we not made that happen. stuart: that was kevin mccarthy who wants to be the speaker of the house and said that on hannity. immediately hillary clinton responded saying, look, the republicans are politicizing benghazi, they're out of bounds. it was a hard-hitting ad. stuart: joining me is the former senate majority leader, trent lott. there we've got you. we went to black for a second. senator, we've got you, thank you very much. i think that's a classic mistake on the part of kevin mccarthy and it leads people to

generally think that republicans don't do politics well. everyone is saying this, senator. >> first of all, it's great to be with you, i enjoy muching with a your show almost every day. when you're in a leadership position, you're on tv a lot and asked questions and don't say things exactly correctly. you know, i know that he wishes he had said it differently, but, look, the congress has a responsibility. we need to know what happened in benghazi, it's been difficult to get the truth out of hillary clinton. the juxtaposition that we did it for political reasons, no, her numbers have fallen because people can see she's done everything in the world from turning everything over and being honest and full disclosure. it's a mistake, but kevin is outstanding leader, i think he's going to be the speaker, i've been close to him for years. stuart: i have a feeling that

hillary is going to bounce back. she's laid out a series of proposals, easy to explains, popular, free community college, free pre-k education. >> she everything. stuart: that is politically popular and meanwhile, the republicans are forced to explain why they don't like the policies and takes a while to explain. there's no one-liner in response. >> she'll probably bounce back, who is her opposition, bernie sanders? she sounds more like a socialist than he does. bernie sanders won't be credible there. for republicans, right, sometimes we don't look they adept politically, but here is what they need to do. they need to get these leadership elections behind them and start moving a queen agenda. we need a highway bill in america. we need to deal with cyber security, they have not done that. security in the air, f.a.a. bill. quite arguing what they can't do and start doing things that

people think are important. stuart: trent lott, thank you for coming on the show. it's been a long time since you've been on the program. >> call me back anytime. stuart: got it. check out the big boards, we're 38 minutes, that's all we've got is 38 minutes into the trading session and we've almost come back dead flat. hold on a second, if somebody buys something, buy some microsoft, and i'm waiting here, can't wait any longer. and how about this one? do the markets want the federal reserve to raise interest rates? or do they want the federal reserve to leave interest rates alone for a long time to come? that's my question. joining us now is ash burn from chicago. asking the question, do the investors as a market want the fed to raise rates, just get on with it and do it? >> i think they're going to want it sometime soon, but i don't see that's going to

happen. we saw the bank of england not move any of that, any of their markets at this point and i don't see the fed doing it either. i think it's going to take us to a stronger point at some point, but i don't see that happening now. stuart: the reason you don't see it happening right now and i understand that. is that the reason why this market has rallied so much in the past week, because the market believes the fed will not raise interest rates? >> i absolutely believe that and i think it could continue throughout 2016 and we may not see the fed raising it until 2017 until after the election. stuart: now, that's interesting. you don't think the fed is going to raise interest rates until 2017 and you think the stock market will rally all the way through next year? that, sir, is a bold prediction. >> i think it could happen, i'm not sure if it will. the jobs market, we are not

seeing great reports out of that. we need a stronger dollar so the world can get back into it. it's not happening. we need the fed to raise rates at some point, but they can't do it at this point. >> interesting. thanks very much for joining us, i kept it short, but, you know, good stuff. and anthony scaramucci, does the market want the fed to raise interest rates? >> they wanted it three or four weeks ago, now they're setting up for it not to happen. i said on cavuto three months ago they wouldn't raise rates until the presidential election. ashley: next year. >> can i name drop for a minute. i was at a party at mayor bloomberg's home for dr. bernanke, dudley was there and--

>> name dropping, three names. >> there were others, i could roll a ten-pin strike on that, but in the conversations in the room, they're never going to tell you they're going to do. you can feel the uncertainty for the economy and job growth. i think it's going to be hard for them to raise rates. stuart: america's navy in the south china sea, and the dow did not go positive. maybe they will. let's go to jo ling kent for the headlines in case you missed them. >> we're looking at flooding in south carolina. nikki haley says it will persist for the next 24 to 48 hours. the death toll raised to 19. and it could cost more than a billion dollars in federal emergency funds. etsy is down this morning, face ago new threat as we gear up

for the holiday season. amazon is launching is product line, and walnut cuff links with 5,000 sellers of 15 countries. the threat is real. etsy has 22 million active users and in the entire alphabet, the new parent company google called alphabet bought the website that starts with abc through xyz.com. it current leads to a dormant website, and it's xyz. stuart: and they've got it. >> they know. stuart: you can get just about anything from amazon. now they might be taking on the

cable companies with a live tv service. details in a moment. awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. that's a good thing, eligible for medicare? but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they pick up some of what medicare doesn't pay and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand what medicare is all about

and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. there's a range of plans to choose from, too, and they all travel with you anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. ♪ call today. remember, medicare supplement insurance helps cover some of what medicare doesn't pay. expenses that could really add up. these kinds of plans could save you in out-of-pocket medical costs. you'll be able to choose any doctor

who accepts medicare patients. and there are virtually no referrals needed. so don't wait. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. this easy-to-understand guide will answer some of your questions and help you find the aarp medicare supplement plan that's right for you. ♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck.

>> we thought we might go positive a few minutes ago and now we're down 21 points. look at the dow 30 stocks, kind of an even split between the winners in green and losers in red. fairly even split there. as you'd expect from a fairly flat market. el pollo loco, suntrust said to buy it and they did, it's up 9 p-ers, they're hitting all time highs. and l brands, victoria secrets, eco labs, all of those new highs today. and how about gold? with all this tension overseas, you might expect gold to go up? wrong. you need inflation, that will give you a gold rally, not tension overseas. a house panel investigating the emissions scandal. peter barnes is there.

>> vw, head of operations telling a house committee that he knew his company might be breaking u.s. emissions rules as long as 18 months before vw admitted cheating on test to regulators and that will raise requests why the german car maker did not act sooner. horn, the ceo will testify, quote, in the spring of 2014 i was told that there was a possible emissions i don't know compliance that could be remedied. he adds he was informed that company engineers will work with regulators to resolve the issue. volkswagen did not tell reglators that it had installed the so-called defeat devices to mask the true levels of emissions. >>. stuart: thank you so much.

check out this, it's interested in an on-line tv service. what does it mean, a live tv series of programs, i guess, delivered by the internet. what's that? >> it is, so, it's a light weight package of several network television and cable television stations that would be streaming on-line through a device and connected to amazon service, negotiations are in talks, rumored to be in talks with people like nbc and cbs to make it cheaper and geet head to head with pay tv like comcast or verizon. stuart: they're making it availability to anybody who has an internet connection, that's it? >> are' seeing on demand service. amazon has a video prime service, but it doesn't give

you access to an nbc or a cbs or your favorite bravo tv shows. stuart: it's a start and amazon gets into things as a relatively small way and then expands in that business. do you think it's going to do the same with this? >> i think what they're looking at is the economics of doing it. one of the biggest issues for competitors who are already doing it, like sony playstation view, getting the price down far enough that people want to pay. sony view, $50 a month for 50 stations and people aren't signing up perhaps with the vigor they initially thought they would. amazon is evaluating it. one people are thinking, will they beat ample to the punch? they'll launch in early 2016 and they're wondering if apple is trying to beat them through the timeline. thank you very much indeed. >> thank you. >> escalation with china. escalation with russia and it

may be too late for our president to make a stand. my take on that coming up next. and more on china and russia, we're going to hear from elliott abrams, former national security advisor to former president bush george w. bush. he'll be here at 10:30. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right can a a subconscious. mind?

a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?

tand that's what we're doings to chat xfinity.rself,

we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >> gopro continues to go down. yesterday morgan stanley lowered its price target to 35 from 62. now it's at 27.79 and it's down another 5%. gopro not looking good right now. coming up, dan henninger, he says the republican party is on the brink and in danger of losing it all in 16. he makes his case at 10:45 this morning. coming up next hour,

presidential candidate ben carson's interview, don't miss it at 11:00 eastern time today. american war ships will sale close to the islands china has constructed in the south china sea. that's a challenge to beijing's military expansion, it's an escalation. in syria vladimir putin is firing off cruise missiles preparing a ground war and today, challenging and turning away our drones. that's an escalation. to say that tensions are rising, that's a cliche and a classic understatement. the guns are out and the bad guys are winning, wouldn't that be more accurate? and president obama's second term has been marked by retreat and aggressive attraction. he will draws our military he will not project our power. he is passive and negotiates from weakness and retreats until nowment our friends are

clamoring for action. britain's prime minister today demanded that the u.k. and america take on extremism and stop making excuses for terrorists. in asia, japan demands a more forceful response to china's aggression, even europe is rethinking its response to the flood of migrants that our inaction helped to create. trouble is, may be too late. making a stand now looks a lot like locking the stable door after the horse has bolted. the tough guys have taken measure of president obama. they're not afraid of escalation, they know they have another year and a half of this presidency. they see their opportunity.

..

stuart: this is the classic shot of those hearings, at the top u.s. executive of volkswagen taking the oath before a panel of lawmakers. we are listening for any fireworks. we will bring them to you if and when they happen. check the big board. weaver hoping we would go positive of the minute to go down 34 points, not a huge drop by any means. we have shake shack selling more shares, your stock is diluted down it goes, about 6%. 45 on shake shack. back to my take on escalation. u.s. warships to challenge china's territorial claims in the south china sea, reports say we will sail least one needy ship within 12 miles of the island gerald -- challenging territorial claims. in the vicinity of violence you can see right there as thought on the map. an escalation in russia. fox news exclusive, u.s. officials say russian jets

intercepted u.s. predator drones overs syria. colonel route peters on the show last hour says vladimir putin will keep poking will hornet's nest. >> we are missing the big picture and the big picture is ugly and president obama not only is unwilling to act meaningfully but i am afraid vladimir putin will keep poking us until there's a violent confrontation and obama betrays our military and back down again. stuart: let's bring in elliott abrams, a senior fellow of middle east studies on the council for relations and former national security adviser, you know what you're talking about and you are welcome on this program, good morning. that is quite a buildup. you know what is going on. you have been on the inside of this stuff with former presidents, and the president knows what is happening here. do you think we have reached the point where america is prepared

to stop the retreat and make a stand in the house china sea or syria. are we at the point we have stopped retreating? >> i don't think we are there yet. i think the pentagon is there. many people in the administration are there but you know it doesn't matter. what matters is the president and i would be interested to see what happens with the south china sea. we are going to send one worship one time. that is my fear, we have to do this regularly to get the message to the chinese, we got to keep it up, let's see if we're going to do that. stuart: is the president at odds with his military? >> absolutely. stuart: is rare to have a real split like that, isn't it? >> is rare for it to be as big as this, you have to go back many years. the military is very prudent. these are not cowboys. they see the american military position being eroded month

after month after month. stuart: do you think -- i won't say the military is going to revolt. at some point doesn't the military have to represent its own interests, it zen capabilities? we can't keep on like this and retain our credibility. >> i imagine they said that to him. they don't revolt, they leak quite frankly and we see more of the hill and more in the press of high ranking military officers saying sometimes even on the record this can't go on and we are beginning to see that. we know they feel this way about china and the south china sea and is clear they feel this way about -- what worries me most is vladimir putin and nato but he is doing what he thinks -- he doesn't think he is taking huge chances. he thinks he can do almost anything and get away with and under president obama so if he pushes next night in georgia or ukraine but nato country i think

you will see our european allies especially the u.s. military say we have to push back. stuart: and what do you think we will do? will reap respond to a president's and nato ally? >> i cannot read the president's mind. what he is continuing to say about c rea is fantastically wrong. they are continuing to say administration officials, vladimir putin is putting his foot in and getting himself in a dangerous situation. i don't think he reached the conclusion of the way jimmy carter did in 1979 when russians invaded afghanistan. barack obama has not done that. is still unlikely.

stuart: elliott abrahams, please come back. a pleasure to talk to someone with inside knowledge of the way things work. thank you very much. how about the price of oil? the obama administration wants to keep the federal ban for crude oil exports, $48 a barrel right now and the president does not want to let us sell our oil elsewhere, come in u.s. congressman kevin kramer. i believe you are from north dakota, basically the oil patch. and you want to export our oil. you think we're going to do it? >> i think we will do it. don't know what the deal that an end will be, but we will pass a bill tomorrow on the house floor that lifts the ban. we are hoping for a lot of democratic support so we can send a strong message and momentum to the senate has struggled little bit, but i didn't know that this discussion

would be preceded by a discussion with elliott abrams, china's ships and russia and it is completely related. america's national security is tied directly to energy security and i would rather use the peaceful tools of oil than the weapons of war. stuart: if we wanted to put vladimir putin in the eye, retaliate, export our energy to europe which depends on vladimir putin for energy. why can't we just replace him in europe? is a plane and obvious argument. >> pretty obvious to me and most people look at it when you consider in addition to that we are the only country in the world the doesn't allow the exporting of oil, now that the president is allowing it seems to make sense but we would. in addition we would create high-paying jobs right here in the united states which should be part of our mission as well. stuart: you have forgotten something. we would be burning and using and extracting more fossil

fuels'. how do you get the oceans to recede if we are burning more fossil fuels? american fossil fuels, you got to bear that in mind. >> the light sweet crude oil we produce in north dakota, texas and oklahoma and other places is cleaner than the oil currently being exported. i get your point and agree with you on the point but even for people who are concerned about climate change and fossil fuels and emissions this is the cleaner-burning fuel than the others and this is a demand problem, not a supply problem. stuart: looks like you got the votes, bipartisan to some degree. how about the senate? using cupid get it through the senate? >> with every republicans supporting it, state democrats and national security issues. in the senate they play a different game.

too many gave the ran the way for free, democrat of trying to extract things from us and i think it is time to play hard ball back, that is why i think the president wants tp p we should not just give it to him, if you're interested in nexus to markets for american commodities, cattle are important in north dakota but at the same time oil ought to be part of a discussion if not certain part of gdp. >> republicans have to play politics. >> we are learning that lesson, a lot of family discussions. stuart: republican kevin kramer, we are much obliged to you, thank you. quick check on trans ocean. the ticker symbol is rigged offshore oil driller, the shared tumbling more than 4% with the bond rating to junk status. that is what happens when the price of oil drops precipitously

and stays down. to the markets, back to them please, china selling america's debt, dumping treasuries, they were once the biggest buyer. what do you make of this? should i be worried? >> what would you be worried about? interest rates going up? relationship with china? what is it you are worried about the jury stuart: they are exercising leverage, they sell $100 billion worth of treasury cents a we could sell a lot more. >> this is the huge palace i want to take on because $1.7 trillion of reserves that are held in u.s. treasury down now and will probably continue to go down, it it went to zero i don't think it would have a big impact on the interest-rate environment. it has to do with the liquidity of those markets. alan greenspan groote five page essay on this seven years ago detail in why this happens but the simple thing is the demand

for u.s. treasurys globally is overwhelming. >> china is 7% of the overall debt. >> we get spooked by it and the leverage, if you wanted to pay hardball with china you could just say we are not going to pay it back. that would be superart ball. i am not saying we are going to do that. i am just saying this stuff gets exaggerated in the marketplace, interest rates are low, they are going to stay low longer and people expect because of the deflationary forces. stuart: time for thus sector report. i want to know which sector you are watching today. dagen: you were talking about oil, it is up $48 right now but look at the energy companies. one company right now is basically green and that is chevron, stock is up $0.14 but

overall all of these stocks are not really recovering. makes you wonder if the exports, the analysts, the traders are saying oil is not going to stay above $48 a barrel, there might be room to go lower. that is the thinking right now. stuart: thanks very much indeed. put the big board of indeed because we are very close, we are down one point. come on, you are a rich guy, can't you by it? by something. >> i will put my trillion zimbabwe dollars on transition. stuart: still waiting for the go. coming the wall street journal's dan henning versus the republicans may be throwing away any chance of victory in next year's elections, he will be here to make his case. vladimir putin plays hockey on his birthday, takes on a bunch of pros. i bet you can guess how this one turned out. guess who won. guess who scored the most goals. more varney after this. detr

deat one point, did not work. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school. and folks are making investments and the community is moving forward. 40% of the lights were out, but they're not out for long.they're coming back.

nicole: i am nicole petallides, the dow jones industrial average down 9 points, we are seeing oil up by $0.57, and 2.7%. let's take a look at red arrows, the dow moving between mcdonald's and 90 beating of the way, pfizer and american express pulling back and as retail

federation sees growth but slower year over year for the holidays. amazon saying they will have more, launching into that arianna and there is a competitor, drops dramatically 5% staying on retail for a moment, urban outfitters, down 10% this year but it is a winner today, they have a buy rating from citigroup. 5:00 a.m. me, lauren simonetti, all the breaking news you need.

stuart: it is thursday, there for the wall street journal's dan henninger is with us. look at the headline, republicans, look at me. republicans on the brink, but gop may be throwing away a chance of victory in 2016. make your case. >> what is the one word everybody in america now knows that they did know 20 years ago, this function. when you say the word disfunction you think of washington and what is going on in washington right now? republicans are trying to nominate new person to be speaker of the house after john boehner basically eve is a rated himself and threw himself of the job in the middle of a presidential election.

house republicans are fighting among themselves setting up a litmus test for the new speaker. would you be willing in a fight over a spending bill to shut down the government in december, the average person, if they do that i would say 15% of the country will say great, we have to shut down the government to prove our principles. 75% of the country's going to stand back and say this is more dysfunction. between that and the disarray in the presidential election i think voters are beginning to pull away from the republican party and default the election to democrats who should be eminently beatable. stuart: what should republicans do? go along and get along, same old same old, make no waves, don't demand anything, just give in? >> they have the prospect of controlling the government in 2017, controlling the presidency, the house and senate as barack obama did in 2009 when

he passed the affordable care act and dodd-frank. if you control the government you put your ideas and your principles into legislation. and i think that would require a lot more internal discipline than they have been showing lately. you do not want to throw away the chance to control the government for four years. stuart: party discipline is key to winning is the point. >> when so many voters are so upset at the disarray in washington. >> if someone could galvanize the party just curious about it, is there a leader that could galvanize the party of an donald trump? >> that is the problem right now. when he entered the race four or five months ago it completely appended any kind of discipline going on inside the party. most of the candidates at that point, jeb bush, marco rubio, john kasich who got in later, chris christie, were more or less singing from the same hymnal flow there were different personalities and so forth.

we were heading towards a process in which an individual who really did represent the republican party could be the nominee. now that is all attended in a state of disorganization. stuart: i interviewed dr. been carson and the full interview will be later on, i sat down and asked him are you the most conservative candidate in the race at the moment and here is his response. >> i don't necessarily see myself as a conservative, liberal or anything. i see myself as the logical person who loves america. stuart: what do you make of that? >> the anything part might be a bit of a problem. in a way it is shrewd of dr. carson to say something like this for the reasons i was just describing. with so many people feeling the intensity of politics on the right and the left is causing the country's problems it might be shrewd for someone like ben carson to say i am simply a logical, normal american.

i can be the individual who comes into the disarray and represents someone who is going to represent the basic ideas of the american people. he is doing very well with the personality. stuart: i asked him and that is what he said. ten minutes from now you concede the whole interview with to ben carson. here is what is immediately next. cars, modern comfort and technology. we have all outside the studio. ashley is out there looking at that good stuff. back in a moment. ♪ hi, tom. how's the college visit? does it make the short list? yeah, i'm afraid so. it's okay. this is what we've been planning for. knowing our clients personally is why edward jones is the big company that doesn't act that way.

♪ ♪ (charge music)

you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at

switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance.

ashley: welcome back. we have people who love those iconic cars from the 50s and 60s that went today's bells and whistles. case in point how about this? this is a 1960s land cruiser, but not one from the 1916s. jonathan ward takes these wonderful vehicles that we all love, this one i can remember going across the plains of africa on safari but you have given it a twist and made it up

to today's standards which would you put of today's standards, who is your customer for a vehicle like this? >> a lot of heart and soul and very little that is original. we will lasers can one from the 1960s and reengineer, modern performance, modern breaks, modern emissions, perversions of modern cars like navigation and heated seats so the idea is classic in a modern context. stuart: someone comes to you, how much will they pay for something like this? >> we offer four body styles with a slew of options running 260 to 210,000 unfortunately. ashley: if you ask the cost you can't afford it but is this strong demand? >> we delivered a hundred of these, one year back order. ashley: the deliverable on the world's? >> 90% stays in the u.s. these are hand built by americans using american parts, we are trying to revive classic

transportation design. ashley: we have a camera on the other side. no heated seats. you have everything. the coffee cup holder. >> that was demanded. then you have air-conditioning, locking and everything down -- all the knobs instead of plastic, visor's as found in the learjet. ashley: before we run out of time, this is the land rover defender which is beloved by those who love this vehicle but this is custom built, what do you get and how much is it? >> it is part of a reformer line, you that the vintage is that it but modern performance, these range greatly but this one is three 50,000. 200,000 to a million. ashley: you can go anywhere. >> you can go nuts on the design, everett little detail. stuart: from behind for me.

thank you so much for joining us. more varney with dr. ben carson coming up next.

>>

stuart: hillary clinton taking out her position. who would have thought she would move so far to the left. three pk for everyone. she came out against building the keystone pipeline. yesterday she came out against a specific trade deal. of course, this big spending program. two things going on here. the even further left, bernie sanders campaign is doing very well. what she has to outlast the left. she must win the early primaries.

tax and spend big-time. maybe she has some inside knowledge of a joe biden run. pulling the party. bad news for hillary. candidate clinton getting out in front with a populace, left this program. tax campaign politics. democrats will be going into the presidential election. you think big tax, big spend will give us growth, prosperity? no way. we have not even mentioned the $20 trillion debt that the next president will inherit. the bounce back they begin now. dangerous to predict politics.

what would be really dangerous is to move america even more. you know, we really are close to running out of other people's money. ♪ stuart: u.s. warships to challenge china planes in the south china sea. maybe u.s. is beginning to push back a little. i asked colonel ralph peters about this earlier today. >> yet again we are missing the big picture. the big picture is ugly. president obama is unwilling. keep poking us am poking us. a violent confrontation. stuart: bret bair is with us.

totally dismissive. maybe we are beginning to push back a little. would you dismiss it in quite the same fashion? >> no. there are some signs that there is push back. going to send a warship into the south china sea where there is a string of islands. it is a bit of a push back. also seeing a push back with u.s. aircraft in the northern part of serious. flying the route that they will fly no matter what russia is doing their offering many u.s. back soils in syria. to colonel peter's point. whether that follows through and whether the administration

continues has yet to be seen. stuart: how much longer will america retreat as opposed to marching forward to something greater. taking some sort of action. at the moment, it looks like we are in a defensive moment. do you sense the beginnings of a turnaround? >> i do not want to go too far down that road here it there is not a lot of indication that the administration is changing its policy in any way. there may be indications here and there that certain eggs are happening and some fine rounds in northern syria. i do not think that you will see this standing up as a country to these moves by vladimir putin, for example. a lot more information behind the scenes.

they believe that over time russia will be getting into serious and it will hurt their economy. the camp is not sustainable. russia is stronger. >> "varney & company." thank you very much. hillary clinton. i will say this very directly. a tax on high frequency trading. bigger fines. she is going swerving to the left. gretchen carlson is with us. the star of the fox news channel >> thank you.

thank you for having me again. i believe that she is doing what you are saying. bernie sanders has captured the populace message from wall street. she needs to dig into those poll numbers and try to get some of those people back. stuart: extraordinary left. three pre-cape education. pre-college. tax wall street. tax the rich. that is a swerve to the way out left. >> trying to capture the primary voter. politicians do that all the time. stuart: a campaign. saying what about whatever issue it is. >> the populist message. the fat cats on wall street.

at the time, i do not think hillary clinton would have necessarily agreed with president obama. this will hurt the hedge fund supporters. doing this for a greater good of a greater population. i do not agree with you. stuart: we will argue about that one. i want to bring in doctor carson. he leads in some polls. i spoke with him about taxes. roll that tape, please. welcome back. >> it is good to be with you. the most conservative candidate. what do you say to that? probably some truth to that. [laughter] then again, i do not necessarily see myself as a conservative, a liberal or anything.

i see myself as a logical person who loves america. stuart: a very person who puts faith at the center of his mind in campaign. >> there is no question that your faith informs who you are and how you react to people. stuart: that opens you to attacks from the left. >> if the left did not attack me, i would be very disappointed. it would mean that i am not threatening to them. their agenda is it to a strong and prosperous america. stuart: you say in the book, you say i have never raised any one's taxes. it is true that i have never voted for an budget campbell four. the u.s. constitution. that is the nature of your book.

>> absolutely. everybody knows that we have a constitution. how may people know what is behind it and what is in it? restraining the government. there is a natural tendency for government to grow in insinuates itself. stuart: what is it about government that upsets you? >> that is what distinguished us from so many other nations. demand allegiance. >> that is an implied criticism. >> it goes beyond them. it has been going on for quite some time. culminated with this

administration. >> i could barely hear. the love in respect of the constitution. make america great again. you cannot do the same thing with the essence and basics of your campaign. >> right. then again, i am not a politician. that is why you will not see me probably lighting up the debates. yet, i still get my message through. people still hear it. people are responding to it around the country. stuart: one of the survivors of the shooting, he is upset. he says he is upset by your comments following the oregon shooting. he said nobody could truly understand what actions they would have taken cared he is critical of what you said right

after the shooting. to want to take anything back? >> no. he has probably been listening to the mainstream media who has been trying to criticize my comments. they did not include the extra question. the question is what would you do if you were there. they were pointing at a -- you and asking you about your faith. my general feeling is, do something rather than do nothing. that is not a criticism of the people. that is what i would do. i hope to plant that seed. this probably will not be the last time that this oakhurst. several people there. they are being shot one by one. do not wait. every day they will be coming

out with something. they have been searching through every place. trying to find. >> they are doing everything that they can. they are desperate. spinning in a circle. stuart: anything that you see eye to eye on with hillary clinton? >> i am sure that there is. stuart: that took you a long time. [laughter] >> i am sure that there are some things. we both have agreed that education is important. you know, she may think of it more as a responsibility for the government and i may think of it more as an individual responsibility, but i think that we would both agree that it is highly important. stuart: today she is going to recommend a small tax on every

trade. any comment? >> yeah. politicians love this. they will come up with any excuse to tax people. i feel just the opposite. i feel we have way too many taxes already. we need to be divesting ourselves of texas, not increasing them. stuart: in area of spending that you would just flat out that? >> yes. 645 government agencies and sub agencies. each of which has a budget. in many cases, a very substantial budget. i come up personally, believe that you can cut three or 4% out of each one of those budgets. anybody who tells me you cannot reduce by 1 penny or it will be

a complete disaster because we are 100%. what a bunch of crap. [laughter] stuart: if you were the republican nominee, what proportion of the black vote do you think you would get? >> i have no idea. when i am out in the public, i have tons of black people who come up to me and tell me that they are supporting me. i do know that. stuart: do you ever dream of the day that you walk into the white house? i might win this thing and i may be walking into that oval office. >> i have not began to talk and think about that. stuart: have you not discuss with your wife? >> i have talked about that with her. the occlusion was that the white house would be full of music. [laughter] stuart: --

>> she is a musician. we would highlight a lot of very talented musicians. we both particularly love classical music. stuart: you are up and running. thank you, sir. >> thank you. stuart: we will be back with more in a moment. ♪ awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management.

stuart: a company that he founded. (september 2014 to join janus capital. that is big news in the bond market. the biggest bond company in the world. god it. launching a test program. gretchen. expressing sympathy. >> or hate.

[laughter] >> blocking more people on facebook. >> you like this nasty idea? >> i think that it is a good idea. five-six-seven years ago. a little bit of a past. stuart: on twitter. negatives. >> the kids think of it as mom and grandmother's place to post their pictures now. [laughter] >> laughing because we are forever trying to keep up. >> you are absolutely right. my kids know far more about this than i will ever dream of knowing. really serious. the investigator at the un corruption continues.

john ash and five other members facing u.s. bribery charges. i am constantly asked, what is it that is in it for us, the united nations. >> all of our money goes down the tubes. why do we keep this thing around? >> 2.1. the united nations does not work unless the united states shows leadership. the place can really become a haven for dick taters there are also billions of u.s. taxpayer dollars at the expense there. we have to care about our money spent. you cannot just let them write a blank check.

>> are we a big presence there. >> no, not at all. look at the two political parties while they were at the un. recognizing that it is broken. tries to fix it. has headlines that they are cowboy diplomats. just does not care. does not engage. let's the un run a muck. we just had our u.s. representative instructed by washington, d.c. to not show up at netanyahu's speech. i can tell you that the israelis are constantly under assault at the un. the united states should show up for the speech. she needs to show up and have support.

this is a place where israel and the united states are constantly under assault. stuart: your guy or your person does not show up for a major speech. you have 10 seconds. >> yes. it was a strategic, no, they strategically told powers. i think that is awful. stuart: yes, i would agree with that. next case. do you remember when the government said choose burgers hurt the planet. we have some fun with that one. now, the feds are changing their tune. >> cheeseburgers on the set. coming up. [laughter] ♪ people talk about "deals"

on their auto insurance. wouldn't a deal involve two parties discussing something? a little give? a little take? because last time you checked,

your rate was just, whatever they say it is. why not give you some say in the matter? or -even better- let your driving do the talking. liberty mutual righttrack finally puts you in control of your rates. all you have to do is connect, drive and save. in fact, safe driving could save you up to 30%. with 5% off just for signing up. for righttrack. and the discount is good for the life of your policy. to get started, visit a local office or call liberty mutual today at take control of your rates. visit a local office or call see car insurance in a whole new light. liberty mutual insurance

stuart: this is breaking news. it is a shocker. a terror attack last month. sad described in a bar fight. >> we believe that this happened in sacramento. there are reports that the u.s. air force said only this statement spencer stone had been transported to a local hospital. currently being treated. he is terribly in stable condition. they are other media outlets. the air force says he is in stable condition. spencer stone. heading from amsterdam to paris. stuart: just coming over the wires recently.

i want to repeat an earlier breaking story. he is suing. let's get this relationship correct. a company that he founded. i believe it was, maybe it is the largest in the world. (september, 2014 years now, he is suing his original founder. >> hundreds of millions. meeting the complaint. power, greed and desire. >> look at this. we were waiting for this. now, we've got it. >> up only 14? [laughter] >> followed you around a few minutes ago. 16928. we still have that shiny graphic ready to go. drastic change.

you remember that it was suggested when a diet would help with climate change. come on in, gretchen. sort it all out. >> revised every five years. why should we have political motivation? i know this has been going on now for a couple of years. you do not include climate change in the dietary requirements. stuart: isn't this all about how flatulence. >> more cheeseburger and more cows on the planet, there will be more gaps in the shares. i cannot even say it with a straight face. >> this is no laughing matter.

>> 30,000 complaints. the whole mission before it even went to a hearing yesterday. >> good advice on what to eat from the government turns to be not such good advice in the first place. >> i think that it used to be. i think politics started getting involved. stuart: it all fell apart when ketchup became a vegetable. [laughter] up next, judge andrew napolitano will make his case. the natural right to self defense. ♪ excellent

looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. technology empowers us it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud, we save millions of man hours, and that's time that we can invest in our athletes and changing the world.

stuart: look at this. i will call this the gretchen carlson rally. down 30-40 points. now we are. we have amazon launching a marketplace. that heard at sea, the whole of handmade goods. ebay down 7%.

look at ebay go down. domino's profit disappointing. a strong dollar drags them down. long, italy. the locals are making fun of them. nothing to do with the stock prices. arcuate watcher, ceo of wealth management. do you think that gretchen carlson rallied? >> a .3 of 1% rally. >> wow. stuart: do you think that they want the federal reserve to raise interest rates in december? >> i think the market does want to see them do this. stuart: does the market go up more? >> creating more certainty.

they will raise interest rates. the consequences of them not raising interest rates will be what? i think that it will stay flat. moving to the positive on the equity markets. the first time i have heard someone say raise those interest rates. you are the first. >> thank you. a lot of volatility. people are anticipating it. stuart: if you are 65, approaching retirement, would you sell a few stocks here and there? >> i think that it is time for people to rebalance their portfolio. selling some of their winning stocks. >> companies that are not paying

dividends. i do not think, i think it is worse to try to get the stock levels right now. a company that has raised the dividend. i think that that is smart. >> you want our viewers to go out and contact their financial advisor. thank you. >> seriously, thank you very much. following the deadly shooting in oregon last week. critics not happy about hillary clinton's gun plan. walking away from hillary's gone plan for a second. you have an editorial that says we have a natural right to self defense. separate from the constitutional right. something that has been there all along. >> two very recent cases.

five to four decisions. when it characterizes the rights to keep their bare arms as a moderate your ration of the ancient pre-political right to self defense. a code phrase. before the government. existing from our humanity. my right to move my fist is where yours ends. fast forward to a violent situation. you have the right under the theory that the supreme court embraced. protecting it by the second amendment. superior firepower for whatever your thread is. a national outcome of the national light of self defense. >> according to the supreme

court. the natural right of self defense. this is clinton last week. and overreaction. ripping into those cases. disagreeing with them. laying the basis for a president hillary clinton, not enforcing them. she will take a lot to uphold the constitution. that means the provisions as interpreted by the supreme court. even when she disagrees. stuart: we are almost out of time. do you do send the right for anyone to defend themselves in any way that they see fit? anyway that they like? >> absolutely. >> machine guns? >> if somebody enters a no gun

zone, which under a constitutional theory is unconstitutional, the government cannot arbitrarily say you can have a gun here, you can't have a gun there. the most dangerous place on the planet. if somebody has a gun in a no gun zone like this iraq war wetter in, used his body to keep the door shut, saved his classmates had seven bullets himself and lived. >> we have to save it for another day. the argument is, do you want guns in schools. >> teachers are trained to use them. terrific things do not happen. >> a fascinating subject. >> you are very kind to say that.

>> here we go. [laughter] >> watch out wall street. hillary clinton planning on taking up financial industry. she says they are all coming. more varney is on the way aftert this. ♪ straight talk. multiplied by 13,000 financial advisors it's how edward jones makes sense of investing.

nicole: i am nicole petallides with their fox business brief. the dow jones industrial average up about 10 points. investors on wall street waiting to hear from the fed minutes. what may or may not happen with interest rates. fiat chrysler is a winner. of 2%. general motors also have of arrows today. steak shack. having the opportunity to cash out. doing exactly that. the stock down about 7%. watching movers. their results did fall short. that is down about 4%. compared to yum brands. another name under pressure. lauren simonetti and i have all the breaking news starting at 5:00 a.m. ♪

the internet of things. what we're recommending as your consultants... the new consultants are here. it's not just big data, its bigger data. we're beta testing the new wearable interface... ♪

xerox believes finding the right solution shouldn't be so much work. by engineering a better way for people, process and technology to work together. work can work better. with xerox. stuart: i guess that this is a part of this. the uaw announcing they have reached a deal with the company. avoiding a last-minute strike over the night. we have jeff flock. what this new agreement contains? >> we do not know everything about what this contains. we know what dennis williams said. he believes the new agreement does address those concerns about their jobs and their futures. right now, how it feels about

its leadership late right wing does in congress. basically, you know, the leadership wants to make a deal. they want to compromise. we want to get out the torches and pitch forks. stuart: the leadership of the uaw is not out of the woods yet. >> far from it. they voted the last one down by 96%. a lot of angry people out there. stuart: we will get back to you later. thanks a lot. taxes on high-frequency trading. world this tape. >> she is a focused growth candidate. she has a great weathervane.

her approach to winning the presidency is to follow where the wind sprints. it is spinning in the direction against wall street. stuart: i think that that is kind of a popular move. >> trying to get back at bernie sanders. stuart: let's bring in brian darling. this may be beating up on wall street. bill and liking to go after him. it is not a bad policy move. >> in it is smart. trying to diverge attention. not pulling very far ahead. she is trying to diverge from the fact that this e-mail scandal still hurting her. it is hurting her bad. you look at joe biden's numbers. he is not even in the race and he is doing really well. that is why we are seeing your

focus more on policy. stuart: would you agree with this? she has moved left. she swerved to the left and quite a strong fashion. >> oh, definitely. she spoke out in favor of trade for postals 45 times. now she has flip-flopped. she is now going after wall street and sounding a lot like elizabeth warren. some of the ideas that elizabeth warren has been promoting. this is definitely a swerved to the hard left. stuart: i said this earlier. our guests on the show, i said how could to possibly swerved back? having gone so far left before the primaries. of course she can serve back. they are politicians. they can do it all the time. [laughter] do you think that it is that

easy? >> oh, yeah. she is a clinton. of course she can. that is what the clintons are all about. flip-flopping. she has taken an extreme position. the exact opposite position on trade. maybe hillary clinton believes he is above politics. such an important figure. she can get away with this. i do not think that she will. i think that you will see a real race. joe biden decides to jump in. look out. these will be issues that will come up then she will have a hard time explaining. stuart: thank you very much, indeed. thank you, sir. next, california governor gerri brown signed in equal pay law. gretchen carson is still with us. >> i like that. stuart: gretchen carlson fresh from turning around wall street.

what does she have to say about the new california law? she is here. back in a moment. ♪ (patrick 1) what's it like to be the boss of you? (patrick 2) pretty great. (patrick 1) how about a 10% raise? (patrick 2) how about 20? (patrick 1) how about done? (patrick 2) that's the kind of control i like... ...and that's what they give me at national car rental. i can choose any car in the aisle i want- without having to ask anyone. who better to be the boss of you... (patrick 1)than me. i mean, you...us. (vo) go national. go like a pro. awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management.

(ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.)

(hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at switch to liberty mutual and

you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. stuart: california news again. this time for its new equal pay law.

the toughest equal pay law in the nation. gretchen, what does it say? >> here is the thing, there was already an equal pay law in the books. if you are a woman in the same job as a man, it can only be substantially similar work. it gives more leeway to women to say guess i should be paid the same exact, you know, wage that the man is being weighed. i do not see anything wrong with this. stuart: pricking her -- bringing credentials into it. >> i am sure that that would be factored into any kind of a lawsuit. why can't we just pay men and women equal for the same job? stuart: because the rules -- it would be discriminating if you paid them less. i am not in favor of equal pay.

of course i am. i have four daughters for heaven sake. >> one of them is rachel. [laughter] >> here is the thing. i believe that it still exists that people are not being paid the same. if we would just go ahead and do that, we would not need to do this. stuart: next case. i did hear you. okay. got it. rerouting that pronto, please. the man seen here with his wife. a harvard mba. worked for goldman sachs. on the run. accused of stealing $65 million. lori rothman has the story. what did he allegedly do? >> he would overvalue certain deals and take the excess and pocket it for himself. he also doctored other documents. a grand total of $65 million.

he is indian. he basically took off. the federal government busted him on insider trading charges totally unrelated to what he did at his own trading firm. his wife is still here. she is also facing money-laundering charges because he gave her $18 million. she is also in a little bit of hot water. stuart: ishii charged with something? >> and ill-gotten gain. >> he wrote her a check. do we have a chance of getting him back again? >> we are working on extraditing him. he did do jail time and they are holding him there. working out the particulars. the evidence is pretty clear against him. stuart: thanks a lot. more varney in a moment. glad i could help you plan for your retirement.

alright, kelly and promise me that you'll try that taco place on south street. and we have portfolio planning tools to help you manage your ira. yeah, you're old 401k give me your phone. the rollover consultants give you step-by-step help. no set-up fees. use your potion. sorry, not you. my pleasure. goodnight, tim. for all the confidence you need. who's tim? td ameritrade. you got this. [ that's a good thing, eligible for medicare? but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company.

like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. .. you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide.

>> i am not a politician. i am not are sound bite guy. that is why you are not going to see me probably lining up the debate. and yet i still get my message through. people still here it. people are responding to a around the country. stuart: that was soft voice presidential candidate ben carson saying he gets his message out. let's see what you have to say about that interview from your comments on facebook. this from rob, ben carson is an impressive man in so many ways that can he be tough enough to stand up against vladimir putin? great job, ben carson, don't back down, stand term, you have my vote. any comment? the market turned higher. >> it is up almost 26.

donald trump band ben carson both in the lead on the gop side, they couldn't be more different. stuart: they are both outsiders from politics, both leading the direct opposite in personality and approach. >> we need to see them together. stuart: thanks for being on the show, neil cavuto, 8 is yours. neil: he seems to be the type of doctor who would tell you you really should lose weight but you don't have to which i kind of like. i like a doctor like that but that was very revealing. we will focus on capitol hill. the problem is they're talking to the usa chief, not the real big enchilada, chairman of the overall company but nevertheless what he is trying to tell them as we are staying on top of this problem, trying to get ahead on it. michael horne has indicated these vehicles will be coming to