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tv   Varney Company  FOX Business  October 29, 2015 9:00am-12:01pm EDT

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team, with the fact that 30 years later you can name 20 guys. dagen: a yankees fan did it. sandra: we've got to cut it there, guys, because the show is ending, but it's great to have you both onset with us, go mets. >> thanks for having us. sandra: thanks to dagen and michael as well. over to "varney & company." stuart: i'll take it, sandra. thank you very much indeed. liberal media violence on display, snarky arrogant questions at cnbc debate. try this one to get it going. marco rubio can't run the country because he cashed in his ira, it's ridiculous. bottom line, the republicans push growth from tax cuts and they won the argument. the moderators were rude, argumentative and biased. they lost. the economy, we are slowing down big time. growth down to the 1% range. gee, did the cnbc moderators have an answer for this one?
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they're about to vote and tax cutter, paul ryan, is about to be elected to the speaker of the house. do we have a jam packed show for you or what? you're going to love it. "varney & company" is about to begin. ♪ your true colors, that's why i love you nights -- ♪ so don't be afraid ♪ >> that's perfect music, true colors come shining through. the three people on the screen right now. the cnbc wants to ask you gotcha question and talk fantasy football and showed their true colors. listen to this. >> the questions that have been asked so far in this debate illustrate why the american people don't trust the media. this is not a cage match and if
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you look at the questions, donald trump, are you a comic book villain, ben carson, can you do math. john kasich will you insult two people over here. marco rubio why don't you resign jeb bush, why have your numbers fallen? how about talking about the substantive issues. >> democrats called the mainstream media, over a week telling families of the victims and american people it was because of a video and mainstream media saying it was the greatest week in hillary clinton's campaign, the week she got exposed as a liar. >> very good people are making very bad decisions right now, if anything comes out of this whole thing with some of these nasty and ridiculous questions. >> does that not speak to your vetting process or judgment in any way? >> it speaks to the fact that i don't-- ooh-- >> they know. >> i've got to tell you the truth, even in new jersey what you're doing is called rude.
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>> i love donald trump, he's a good man. i'm wearing a trump tie tonight get over that one. >> even in new jersey they think that's rude. >> we've got the perfect guest on, bret, i know you've said that's an example, last night was an example of inpsych pedic example of liberal media bias, and give you two minutes and go at it, go. >> the first thing i'm going to say from my standpoint this was better than sex. [laughter] you saw -- >> i'm not touching that with a ten foot pole. >> good night, it's been good being guest on your show. and i heard this morning, the political director chuck todd at nbc said it was a setup by republicans. no, it was not. if it was a big setup, they would have done it by now.
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what this was was a spontaneous explosion of anger from republicans who said, as a group on that stage, we are fed up. you know, we conservatives should say that if media bias isn't something where liberals get together every morning in the media, how can we get conservatives, they did, they did. that's how you plan a debate where the moderators choose the order of things and solicit, this was all about how to embarrass republicans. i thought it was a shiny moments from the candidates when they shot back. >> and all of them favor tax cuts to promote growth. the moderators directly opposed that point of view and expressed their own opinions so frequently in their snide questions, their opinion is all government all the time, the way to go. it's a classic confrontation between growth from the
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republicans and a biased upon in favor of government from the moderators. that's how i saw it last night. >> and i don't understand why these moderators don't understand that they're not in the debate. they're supposed to ask questions and let the participants answer the questions. or if the participants want to debate among each other, let them facilitate it so they can do that. instead, these smarmy condescending arrogant reporters led by john harwood were there to pick fights and did it as liberals, not as the opposition just to play the devil's advocate. no, they did it as liberal participants and they got slapped on national television. stuart: brent bozell, we're pleased to hear you had a good time watching the debate last night and i hope you'll join us in the near future, okay? [laughter]
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>> good stuff, we appreciate it. and i'm going to focus on individual candidates in the debate. first on jeb bush. >> he tried to attack marco rubio, not sure it worked, but watch this. >> marco, when you signed up for this, this was a six-year term and you should be showing up to work, literally, the senate, what is it like a french work week? you get like three days before you have to show up? you can campaign or just resign and let someone else take the job. >> i don't remember you ever complaining about john mccain's vote record, the only reason you're doing it now, we're running for the same position and someone convinced you to attack me. the future about america is not attacking anyone on the stage, i'll continue to have tremendous admiration for governor bush, i'm not running for anybody on the stage, i'm running for president. >> and eric cantor who is a jeb bush supporter. i've got to tell you, i don't
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think that jeb's attack on marco rubio worked last night, i think he lost, you say? >> listen, a tough night for the governor, but this is a long road, we've got three months until the first vote is cast in iowa, you know, there's eight more debates, there's another one in less than two weeks, so, i think that the real focus-- >> i've got to jump in, a limited time here and reacting to this debate. would you say that jeb bush lost ground last night, that he didn't break through that he didn't push himself forward, would you say that? >> i already said, listen, it's a tough night. no question about it and you've already said that this was actually a debate in which not a lot ofubstce was communicated because of the format of the debate, but listen, if you look alt the candidates on the stage, there's nobody with a more thorough or thought-through plan how to revive this economy and instill growth for the american people can see better times and jeb bush really was the most substantive up there and i think you will see as
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time goes on each and every day, this campaign is going to continue to reach out and continue to build from the ground up. stuart: what do you make of the outsiders last night. donald trump and ben carson. seemed to me, i watched it all the way through, not exactly a back seat, but not as prominent. certainly not donald trump as prominent as in the past. what do you say? >> i think that the dynamic will continue to evolve in this campaign. there's a lot of frustration that's built up because of the obama policies in washington and frankly we need somebody to go in to understand how to get results and fix them. and i think that's where you're beginning to see, you know, some of those who are from the outside who really don't know how to go in and work with others to forge solutions to the problems. and again, that's why i come back to real substance, real results matter and i believe that that's what we're going to
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continue to see the voters begin to focus on, as they vent their anger and then begin to focus in on solutions. stuart: you're right there, it's a long haul and that's a fact. eric cantor, thank you for joining us, we appreciate it, thank you. >> marco rubio took direct aim at the mainstream media. >> the democrats have the super pac called the mainstream media. >> last week hillary clinton went before a committee, she admitted she sent e-mails to her family saying hey this attack in benghazi was caused by al qaeda-like elements, the mainstream media is going around saying it was the greatest week of her campaign, and the week she exposed as a liar. the helping out, the mainstream media. stuart: tamara holder is here, arch liberal, democrat talking points, madam. why? why? >> thank you for having me here today.
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stuart: do you disagree with me entirely? >> those moderators and cnbc got rolled last night by the candidates. they-- it was. stuart: okay, agree with that. >> it was back alley after the bar in nashville, back-- the back roads, like rolled. this was the most shocking thing and here is the thing, i think that instead of having republicans on the network today, you should have liberals and democrats on for their opinions because i think a lot of people feel like i do, it's embarrassing. not all people are like that. stuart: wait, wait. you're embarrassed by the moderators. >> how could you not be. stuart: that asked those questions. >> if those were republicans asking those questions you would be embarrassed. here is the thing about working at fox as a liberal. when i work with people like you and sean hannity and i get a statistic. the way you beat me up, you say where did you get that from and i know now i need to have my sources. they didn't have their sources. they didn't have-- they were like, i don't know
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where you got there and the moderators are saying, well, i'm looking at the sheet, it says the statistic here, i have no idea where it came from. stuart: to me it was elitist moderators asking, talking down to ordinary people. and that bit about rubio, you can't run the country because you cashed in your ira. ashley: what was that? >> what that was all about? that was the most condescending rude, arrogant statement i've heard in a long, long time. ashley: it was a disgrace. >> i think there was supposed to be a question about if you're going to cash out-- wait, let me, i'm not defending the question, but i think there was supposed to be a purpose behind the question and came out wrong, but the whole thing talking down, i think that's because the teleprompter was like right there and the questions right there. stuart: nothing to do with that. it's about condescension, that's what it is. >> whatever it is. stuart: we're elite, we know how to run the country, you're
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a poor fool that cashed in your ira, pathetic. ashley: and how does tamara know what is going on in the back alleys of nashville once the bars of closed? >> that's an honest performance. >> i'm always honest, you're just starting to listen to me. stuart: now we get it. tamara, a pleasure. thank you for joining us. >> thank you. stuart: more on the debate coming up. we'll hear from two of the candidates themselves, that would be governor huckabee and john kasich. they are going to joining us today. the obvious reminder, fox business and the wall street journal will bring you a real debate and go at it november 10th when the candidates take the stage in milwaukee, wisconsin. you can only see it here, i repeat, on the fox business network. that will be a debate. and look at this, capitol hill, we are waiting for the vote for a new speaker, an election of a knew speaker in the middle of a congress, that's rare. paul ryan will be the new man. this vote will show just how
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much support or otherwise from conservative house members. we're going to keep you in touch with that vote and now this. let's look at dow futures, why not, the day after that sham debate. the dow will be on track for one of the best monthly performances in four years. we're dealing with another factor, weak economic growth. gdp numbers coming in 1.5% growth annualized in the third quarter. hopeless. gas, 2.18 per gallon. going overboard this morning, aren't i? [laughter] >> got his dander up. and look at this, 2.18, that's the national average for gasoline. by the way, there are now nine states below $2 a gallon. we're almost out of time for this particular block, but we had fun, didn't we? more coming up after this.
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>> we have 19 trillion dollars in debt. we have people out of work. we have isis and al qaeda attacking us and we're talking about fantasy football? enough on fantasy football, let people play, who cares? >> that's chris christie. with more substance. why don't we bring in steve forbes talking about growth. first of all, i characterize that so-called debate, the candidates all of whom are in favor of lower taxes and economic growth versus moderators who want it all government all the time. am i going overboard? >> no, that's the wrap against mainstream media, they believe in bigger government especially with their jobs are at stake in creative destruction. we've seen it in our business, they're anxious and worried and picked government.
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stuart: you picked ted cruz, he wants to go back on the gold standard? >> go forward on the gold standard. stuart: he wants to abolish the irs and have a flat tax. you want all of the above. and that's pie in the sky dreaming. >> don't tell me it's gluten-free pie either. stuart: thises reaching for the moon. you're not going to-- >> the they said the same thing about reagan when he proposed a 30% across the board tax cut and the military containing the soviet union. it's called leadership and that's what the republican party wants. leadership, the country wants it. over 30 countries have a flat tax. in terms of sound money 180 years for the country's existence, growth rates are 50% higher than the last 40 years. stuart: you would have to have a republican white house, a republican dominated senate and have to have a republican house of representatives. all of the above, big time.
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>> happened before or it's going to happen this time and reagan got his stuff through even though the democrats controlled the house of representatives. again, comes down to positive leadership. reagan showed how to do it and i think cruz put good stuff on the table. rubio demonstrated leadership and christie came across. this is what the american people want. stuart: we've got a growth rate of 1 1/2%, we are spiraling down and that's not going to change for at least 14, 15 months. >> when you have a punk leadership, and anti-growth-- >> punk leadership? >> in washington. we can't get out of second gear. stuart: hold on a second. a democrat to my left right here, tamara holder, punk leadership from steve forbes to tamara holder, you say what? >> i didn't have time to pull up my liberal talking points. no, the problem is that we are affected-- the american economy is affected by the world and the world is also suffering so you can't blame it all on the punk
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leadership. stuart: seven years we've been affected by the world. >> like north korea, bad weather for bad crops. no, it's bad governance, leads the world, not follow the world. >> you're going to put me against this guy and i'm supposed to win? come on, this is not fair. stuart: fair and balanced. steve forbes, tamara holder, thank you very much indeed. >> thank you. stuart: look at this, please, we're waiting for the vote for a new speaker. paul ryan will almost certainly be the new speaker. get this, too. governor huckaby says the run away blimp, perfect example of a government on the loose. back in a moment. so jill, i know the markets have taken a hit lately. mmm hmm. just wanted to touch base. we came to manage over $800 billion in assets,
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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 >> last night governor mike huckabee put on a pretty good show, had a good analogy how our government spends too much watch this. >> if you saw that blimp that got cut loose from maryland today, it's a perfect example of government. what we had was something the government made, basically a bag of gas that cut loose, destroyed everything in its path, left thousands of people powerless, but they couldn't get rid of it because we had too much money invested in it so we had to keep it.
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that is our government today. stuart: that was a breakthrough moment. that was terrific and governor huckabee, i believe, is with us now. yes, you are. >> yes, i'm here. stuart: that was the high point of the night, but i suspect you didn't get your fair shake. i don't think-- i didn't see you as much as i was expecting to. what do you say? >> well, and you didn't see me as much as i was expecting to. it's one of the frustrations i think that we've had in these debates is that every time there's a promise there's going to be an equal distribution of the time so every candidate has a fair shake and turns into being a game show and i believe that the american people are the ones cheated. interestinglied to, it's the media themselves, and a lot of media on the left is beating up the network, cnbc for running the debate they did. they asked questions they'd never ask of hillary clinton or bernie sanders. stuart: it was just so obvious, governor, so obvious from the
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get-go all the way through and you were also asked about donald trump. i'm going to run that brief sound bite. let the audience see this. roll tape. >> when you look at him, do you see someone with a moral authority to unite the country? >> i love donald trump. he's a good man. i'm wearing a trump tie tonight. get over that one, okay? >> such a nasty question, but, thank you, governor. >> you're welcome. >> will et me tell you, donald trump would be a better president every day of the week and twice on sunday rather than hillary. stuart: john harwood wanted a cage fight. he tried to provoke exactly that. you did not take the bait, sir, that was good. >> well, i'm not going to take the bait. i think i'd be the best president to serve this country that stood on that stage last night, but that's for the voters to decide. i think i'm the best experienced and judgment and temperament to do that job. i want to be the quarterback because i've played the best game not because i broke the
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legs of all the other people who are trying out for the quarterback slot. and these anchors are trying so hard to get us to fight each other, my fight is not with donald trump, i like the man and i'm glad he's in the race, he's brought a lot to it. i wish i had half of his air time, but i don't have any problems with donald trump, but i have a problem with a country that's stealing people's social security checks. stuart: yes. >> a problem with a country that's not securing our borders. i've got a problem with a country that has devastated the jobs of 5 million factory workers who have lost their jobs since 2000. that's what i wanted to talk about last night and they inste instead asked me about my thought of donald trump. stuart: i'm coming up on 9:30 when the stock market opens. i've got to ask you this, you shown through with your defense of social security. i'm trying to read into your plan. a few seconds left am i right in saying you would oppose the reform of social security which raises the retirement age? >> well, i would for those
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people who are already in the system because they've been sucker punched. they've been paying in. stuart: down the road, down the road. >> the government owes it back. down the road if you want to take it for people not gotten into the program. then we'll have that conversation, but we don't means test or take money away from the people who have paid in. stuart: i've got children in their 20's and 30's, paying in the system. would it be unfair to say, they can retire at 70, not 66 or 67? i think that's fair, isn't it? >> well, right now the big question is, let's make sure we protect it. that conversation is one worth having, but i think right now, republicans need to stand strong and absolutely solid because a lot of seniors are scared to death, there are 60 million people on social security, stuart, and we can't tell them that we're going to take their money away from them. a third of people depend on social security for 90% of their income. let's take this off the table
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until we have built a fiscally sound america again. stuart: governor huckabee, thank you for taking time to be with us. much appreciated and see you soon. >> thank you, stuart. stuart: one minute to go and we will open trading this thursday morning. now, on the debate last night, i don't believe it will have any impact at all on the stock market today. zero impact. and i do think, however, that there may be some impact from the financial numbers which we got this morning, notably the gdp, gross domestic product is only growing at an annualized rate at 1.5%. that's way down from the 3, 3 1/2% pace we're at in the second quarter. this economy is clearly slowing down and we have the evidence this morning and that may be reflected in the market today. on the other side of your green, you can see paul ryan. they're readying a vote in the house of representatives for a new speaker. paul ryan is very likely to be the new speaker. when the vote comes in, we'll find out how much conservative
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support he has or does not have. i don't think that will be much of a factor in this market as well. i think more likely we'll have some impact from the federal reserve which doesn't look like it's going to raise rates, certainly not this month. maybe december, who knows? we don't want to get back to fed watching, do we. the dow jones industrial average, the stock market has opened for business we're down a few points. 16, 17, 18 at this moment. should be 40 or 50 within a minute. i'm going to repeat the news on the economy, growth really slowing down, 1 is.5% on an annualized basis. here is what worries me, we don't have any tools to fix it if we're sliding toward recession. print more money and lower interest rates below zero. we're not going to do that and certainly not getting a tax cut from president obama, are we? and ashley webster, liz
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macdonald, larry levin here with me. and down nearly 50 points. get that, and audio, get that ready, just get it ready. we're about to talk about the federal reserve otherwise known as janet's bank, okay? sounding like maybe a december rate hike is coming. i don't want to spend long on this. larry levin, a december rate hike, what do you think? >> i don't think it's going to happen, stuart, i'll be surprised. obviously, that's the talk yesterday, but i don't think that's going to happen and i don't think they'll do it until next year. stuart: i agree with you. with an economic report like that, i'm not sure they'll do it in december. dr, you're nodding your head. >> i'm nodding in agreement with you, stuart. i don't see this coming in december. i think what the fed did for us yesterday though, they removed some uncertainty that this is going to be qe incontinuity. they gave us some-- we're going to revisit, revisit--
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[buzzer] >> you were late on the buzzer. >> we're going to revisit hikes in december and gold dropped $25 an ounce so the uncertainty gauge said, wow, there's uncertainty sucked out of the market. that's one thing they did for us headed into the end of the year. stuart: any other points to be made? >> i think the fed gave a picture of the economy they believe is rosier than we think it was. ashley: i don't think the economic data back up. if you had the three gdps, they will be business in this when it comes out of 2%. dagen: of that's gdp projections have notoriously been criticized since 2011 for being overstated. stuart: we are down 40 points, we have individual stocks for you right now. look at go pro. not many people buying the new products, stock is near an all-time low dropping below 25
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moments ago, in our it is at 2560. what is this about not buying the new products? ashley: as far as earnings go the ms. the estimates but there's a real concern the wearable camera market is drying up. they have high inventory as well so they are not coming out with my staff new products eager and guidance going into the all-important holiday season look pretty poor. stuart: you can call go pro one trip hunting. we tried to stayed at about apple yesterday, you can't say that, you can't make that analogy. i want to move on to paypal, at the first time they are free of their previous parent company, on their own, 35 down 3-1/4%. liz: slate miss on the sales wine. this comes after activist investor carl icahn pressured for this split that paypal will
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compete better as a stand-alone company. stock is under pressure big-time because they have an apps they are relying on to bring in growth, basically take money out of your debit account via paypal. that is growing, not posting in the profit numbers for the company. ashley: we're talking about this pfizer potential, huge merger, the biggest ever, but stocks halted on the stock exchange. stuart: it is the $112 billion merger. ashley: very initial stages, could very well not happen. stuart: attention restaurant investors. i tried it once, lost my shirt. how about this one? buffalo wild wings hit by higher costs and lower profit forecasts. come in from the exchange. how bad is the damage issue nicole: stock is down 15%, 14% to the downside, the biggest job
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we have seen for buffalo wild wings in five years. they missed on earnings and revenue, they had an outlook that was weaker. labor costs as they said were on the rise and that is one of the things, fewer pay-per-view events, people love wings if they are pay-per-view events and one last week in the football calendar the way it worked out. a lot of people like lord of the rings at their football games, down to football. stuart: i am nervous about investing in any food service or restaurant chain because i was put money into boston market and lost a lot. i wouldn't touch it. would you ever -- ashley: so bearish on the restaurant scene with chipotle just got slammed, shake shack no good, all of these are well overvalued. i am with you there. not putting money to work there. stuart: i want to take you to
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the floor of the house of representatives on capitol hill. we have a shot of john boehner coming up shortly. he is about to relinquish the speakership formerly. he is teary i'd already. i am not being pejorative. he has a tendency to reach for the handkerchief. i am trying to get you a shot of john boehner. go pro. they are all standing, john boehner, there he is, listen in for a second. [applause] >> mr. speaker, i rise today to inform you that i will resign as speaker of the house effective on the election of my successor.
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i will also resign as representative from ohio's a district at the end of this month. i leave with no regrets, no burdens. if anything, i leave the way i started, just a regular guy humbled by the chance to do big job. that is what i am most proud of. i'm still just me, the same guy who came here 25 years ago as a small businessman and spent all of these 25 years trying to just be me. sometimes my staff i thought i was too much like me. it really is the thing i'm most proud of, regular guy that came here to try to do a good job for my district, my country. but before i go, i want to express what an honor it has been to serve with all of you. the people's house is in my view the great embodiment of the
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american dream. everybody here comes from somewhere and everybody here has some mission. i came from a part of the world where we used to working so as far back as i remember i was working, my staff was asking me the other day on november 1st you are not going to have a job. when was the last time you didn't have a job? i thought about and thought about it i had to be 8 or 9 years old because i was throwing newspapers back then, working in my dad's bar. i used to work from 5:00 a.m. saturday morning until 2:00 p.m. for $2, not $2 an hour, $2. i never thought about growing up as the easy way or the hard way. it was the cincinnati way. our city takes its name from the great roman general, cincinnatus who answered the call of his
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nation to lead and then surrendered his power to go back to his plow. for me it wasn't a farm, it was the small business. it wasn't so much calling as it was not mission. day mission for a smaller, less costly and more accountable federal government in washington. here are some facts. for the first time in 20 years, we need real in title and reforms, saving trillions of dollars over the long term. we have protected 99% of the american people from increase in taxes. we are on track to save taxpayers $2.1 trillion over the next ten years, the most significant spending reductions in modern times. we bebanned earmarks altogether
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sorry. every day there are hundreds of kids from the toughest neighborhoods who are finally going to get the chance at a decent education. [applause] i am proud of these things but the mission is not complete. the truth is it may never be. one thing i came to realize over the two years i have been here is this battle over the size and scope and cost of government in washington has been going on for more than 200 years. the forces of the status quo do an awful lot of trouble to prevent change from happening. real change takes time. believe in the long slow
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struggle, believe in this country's ability to meet her challenges and to lead the world and remember you can't do a big job alone especially this one. i am grateful to my family. my two girls were 3 and 1 when i first ran for office, now they are a lot older. they have been through a lot. you all know what your families go through. it is one thing for us to take the breaks and boards and everything. i amteful to my colleagues, my fellow leaders, mr. mccarty, scalise, mcrogers and many on my side of the aisle, a committee chaireds, people i have worked with a long time. i am as grateful to nancy pelosi, as any lawyer, and others for all of the work we have done to get their.
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over these last five years we have done an awful lot of work together, probably more work done across the aisle over the past five years than in the 25 years i served in this institution. as much as i enjoy working with all of you, some of you could learn to dress better. [laughter] you know who you are. [laughter] [applause] i saw one of the culprits, one of the usual suspects that shows up here once in awhile without tie, but this morning he didn't look dressed very well but he did have a tie on. i am grateful to the people who work in this institution everyday, whether it is the reading clerk. [applause]
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[applause] there are a lot of people, thousands of people who allow us to do our jobs and to help make this institution what it is and whether it is the people you see here today or the people in the capitol police or council, there are thousands of people that really do allow us to do our job. i am grateful to my staff. now, you all know i am a big believer in staff. none of us can be what we are without a good staff and i certainly would never have gotten this job without having built a great team. i really am grateful to my staff as they like to say to each
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other, once you are part of john boehnerland you are always a part of john boehnerland. that goes for me as well. i am especially grateful to all my constituents and the volunteers over the years. that includes a student at miami university in oxford, ohio in 1990 putting up campaign signs for me named paul ryan. i don't think he could pronounce my name, he was putting yard signs up for me. there is a difference between being asked to do something and being called to do something. paul was being called. i know he will serve with grace and energy and i wish him and his family all the best. [applause]
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my colleagues, i have described my wife as at chase for the american dream. that chase began at the bottom of the hills south of the main drag in redding, ohio outside cincinnati. the top of the hole was a small house with a big family. a shiny city in its own right. the hole had twists and turns and even a few tears. nothing wrong with that. [laughter] but let me tell you it was just perfect. never forget we are the luckiest people on the earth. in america you can do anything you are willing to work for, willing to work hard at and anything can happen if you are willing to make the necessary sacrifices in life. if you falter, and you will, you
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can pick yourself up, dust yourself off and go do it again. because hope always springs eternal. if you just do the right things for the right reasons, good things will happen. and this too can really happen to you. god bless you and god bless our great country. [cheers and applause] stuart: a tearful farewell from the speakership of john
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walking away from his speaker at the isn't 2%. deutsche bank big news there, cutting, we 4, 35,000 jobs, getting out of ten countries. it is down 7%. then we have yelp, restaurant views. social media. got it. there it is more money coming in, revenue up 40%, yelp up 8%. disappointing sales at time warner cable. any comment on individual stocks? >> do you see rochelle, royal
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dutch shell reported a loss of $6 billion in this quarter because it abandoned so many projects including the arctic drilling project which cause $2.6 billion which is the most money lost on a so-called dry hole. gives you a sense where energy has been, but shell, the low price of oil. stuart: any comments on etna, time warner? >> they have been giving better and better numbers, advanced guidance for the fourth time this year. that whole market as you remember in spring into summer, healthcare was the place to be. still a strong place to be in the long-term. stuart: we are cutting the loss come only down 25 points, i remember doing a 1-hour special
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on another network because the dow industrials had gained 37 points. it was a 1-hour special. so calls monday line. back in the day, i digress, and i really digress. china abandons its one child policy after 35 years. that is a huge deal with nothing to do with the dow industrials that that is of the deal for. liz: china is estimating a 400 million people will be over the age of 60, the most senior citizens in the world's, rapidly turning upside down. paying for -- two working people for every one person retired. stuart: living and health and pension benefits from a working population which is having ever fewer children, reverse --
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liz: i did interviews with help companies like merck that are moving rapidly into china because there are so many health issue is going unrecorded in that country certainly affecting senior citizens. stuart: there is another issue. because of selective gender abortion there are an extra 30 million chinese males because of what is going on. liz: forced abortion, sterilization. that you're going to have a daughter, that child will be aborted. liz: tens of millions. stuart: that is an extraordinary thing. paul ryan, moments ago, they are standing up. the state of the union message, they don't know where they are. the big board down 25 points,
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there's another story here, the liberal slant of the mainstream media, snide, condescending, that is the debate last night. we will take a commercial break but we will have that debate in a moment. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on.
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(laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup...
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stuart: look at go perot taking
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a big hit, 16% lower. that is close to an all-time low. investors are concerned that it is a one trick pony. check the share price of amazon, a new lifetime high, moments ago, well above $616 per share. moments ago we did hear from mike huckabee reacting to last night's debate. roll that tape.
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>> i have a problem of the country that is stealing social security and not
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i think we have another 20 seconds. they have started the vote on the floor of the house of representatives. we believe paul ryan will be effected the next speaker of the house and we will take you there when they are actually doing the vote but the interest here is not so much the outcome. the interest is how many conservatives will vote for paul
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ryan as the speaker. we are following this for you because that conservative bloc in the house is an interesting group of people. back with more, the dollar is down 40 points. back in a moment. jeb bush: this president, with all due respect, believes that america's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians
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that are being eliminated in the middle east? but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message. ...
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>> 10:00 eastern time precisely. at this hour, paul ryan is confidently expected to be voted in as the next speaker of the house. john boehner just said his goodbyes and he was dabbing at his eyes with a kleenex tissue. the evidence of the mainstream media were on display. snarky, somewhat arrogant, we're all over that debate. john kasich was there and he talked about trading barbs with donald trump and hillary clinton. and the growth in the united states was 1.5%. we have a big conservative voice on the show who says we will get a third obama term if
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hillary clinton is elected preside president. ♪ >> this is not a cage match and if you look at the question, donald trump, are you comic book villain, ben carson, can you do math. john kasich, can you talk about two people over here. how about the substantive issues. stuart: he got a real cheer for that. senator ted cruz calling out the media. earlier, i spoke to media watcher brent bozell about the debate. here is what he had to say about the debate last night. >> these smarmy, condescending arrogant reporters led by john harwood were there to pick fights and they did it as liberals, not as the opposition, just to play
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devil's advocates, and they did it as liberal participants and they got slapped on national television. stuart: i believe we know where he's coming from. liz, the debate, how did it go off the rails? liz: it seemed that the moderators thought it was their job to argue with the candidates rather than having the candidates debate themselves. often they feel they're the experts and seems like the moderators were debating one-on-one between the moderator and candidates rather than the candidates flesh out the issues. what do i know, rather than what you plan to do. stuart: the moderators saying, this is what i believe, all government, all the time, sort of, putting words in their mouth. >> when you're a journalist, you're supposed to be removed from the story if you're attached.
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stuart: get an opinion from the condition. ashley: i thought when it started they were going to do that and boy, off the rails quickly. lets he a talk about the issues and talk about the economy liz: it's so key right now, at this point in the 2008 elections, hillary and guiliani were in the lead, and mccain and obama were fading. so we still don't know who the frontrunners are going to be. that's why it's so key to get those issues flushed out and what their policy positions are. stuart: and we didn't. the concensus, by concensus, i mean, if you look at various reviews coming in from various media outlets, seems that senator marco rubio put in the strongest debate performance. i want to bring in former bush white house spokesperson. mercedes, what do you-- if we're going to choose winners and losers, i would personally say the moderators on cnbc were the losers and the
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candidates were winners. if you you had to pick an individual candidate, would you say marco rubio showed better than jeb bush? >> i think that clearly occurred last night. the first half of the debate, senator ted cruz definitely lodged strongly against the media, that played incredibly well and then those can $who continued to take on the media, like senator marco rubio, and chris christie, they got strong including ben carson. for senator marco rubio, what he does so well, he effectively dmun communicates the message and connects with the average voter, talk about his mom and his story and although he didn't necessarily answer the questions directly the moderators gave them, he was able to just, again, position himself as a strong debater and in response to jeb bush's allegations. stuart: i think of you as a jeb bush person, forgive me of
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putting that label on you. >> i have to say i'm not endorsing any candidate right now, stuart. stuart: bearing that in mind, i just want to run you a sound bite of the fight between jeb bush and marco rubio last night. it's about 30-odd seconds long. listen carefully, roll tape. >> marco when you signed up for this this was a six year term and you should be showing up to work. literally the senate what is it like a french work week, you get like three days before you have to show up. you can campaign or just resign and let someone else take the job. >> i don't remember you ever complaining about john mccain's vote record. the only reason you're doing it now we're running for the same position and someone convinced you attacking me, the future of america is not go to be about attacking anyone on the stage. i have tremendous admiration and respect for governor bush, i'm not running against governor bush, i'm running for president. stuart: i think that marco
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rubio won that. >> you can tell that senator marco rubio was prepared to answer the question about the m issed votes. and jeb bush didn't come back with do you want to compare yourself to john kerry or barack obama because they missed votes. and obviously, that's a story this week and the sun sentinel went after him asking him to resign. stuart: taking the big picture, i do think that the whole idea put forward by all republicans on that stage last night, the big idea, you cut taxes and you go for growth. that's the big idea and i think that did come across. notwithstanding the moderators trying to suppress it. i think that's what came across. >> what you're seeing is that these policies between these different candidates are not all that different. but what are the g.o.p. voters looking for? they're looking for character, looking for leadership, they're
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looking for the person who can come into washington, blow things up, make a change and that's why you're still seeing a trump, a carson, a fiorina, they survived that debate. the rise with senator ted cruz and marco rubio, they were strong last night. and we have eight more debates to go. when you look at it from that sense this is not a race about policies, this is a race about character. stuart: and i think that trump was quiet last night. fox news media buzz host, howard kurtz, he says the moderators were snide, condescending, that's howard kurtz at 10:30. if you want to see a real debate and real issues coming the next g.o.p. debate on fox business is november 10th partnered with wall street journal, that's a debate. happening right now, the vote is underway in the house chamber, voting for the speaker
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of the house, the new speaker. paul ryan has been nominated and running against nancy pelosi. ryan is expected to win. and the conservative caucus, how many of them vote for paul ryan. three republicans have defected, two voted for daniel webster of florida and the other one voted for colin powell. don't get it. i really don't get it, but stay tuned. okay? all right. look at the dow jones industrial average, we are dead flat. i'm wondering if something is wrong with the board there we've been down 25, 26 points for about a half hour-- 20 minutes now. remember in the back drop, weak economic growth, the gdp numbers came in not good. 1.5% annualized growth in the third quarter of this year. look at this, please. a lifetime high, a brand new life-- will you look at amazon liz: marching ahead. stuart: 19
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liz: it's going to surpass wal-mart. ashley: it's at an all-time high. stuart: 620? i remember a couple of years ago it was 120, 130, how about that. ashley: how much did you buy? >> a relative of mine did. i think that relative is happy. [laughter]. don't forget about gold, down big, down $23. 1152 on gold. let's bring in market watcher antho anthony sacaro. without a republican in office, you're predicting more market pitfalls ahead. we don't have a republican in office until at least 2017. so bad news is coming? >> yeah, actually i think it is. and first thing i'm glad you didn't ask me about the federal reserve. stuart: you don't want to get buzzed again, do you? >> exactly. but the fact of the matter is, you know, it's been all about the federal reserve, but there's more to the stock market than the federal reserve. we've got a lot of things at
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home, gdp growth down big time. we've got -- we've got situations globally where, you know, the whole world is in quantitative easing and it's almost that the reason that america is doing as well as is, you've got a dirty shirt with a clean spot on it. that's america rights now shall the only clean spot around awe even all the economic data doesn't support where the stock market is at this point. in the long run, i think we're going to be fine. america is america, you know? we're going to be great, but in the short run, history has shown us that we've got a long time to go. we could have another five, ten years of flat market, flat means down an in recovery. if you're depending on that money, you're over 50 years old. going to need that in retirement. my fear is that you get caught in the downdraft, you know, not able to retire when you want. not able to live the retirement you want to.
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stuart: you're addressing a question i've asked everybody on the show. take someone like me, my late 60's, i even some some, primarily in microsoft. i've done well. make the argument, why shouldn't i take some of that off the table? sell a little of that stock. take the money, i've made the profit. sleep well at night even if i don't have any interest in a bank cd. take no risk. what's wrong with na? >> you're making the argument i'm trying to make to the world. there's nothing that says you have to own stocks. 90% of my clients have no stock at all. if you can live off your portfolio in a 3, 4, 5% interest rate and not lose money the next time the market crashes then that's what you should do. even if you take the money out of the market, put it in the bank and let it sit there and earn no interest for the next couple of years while the market figures itself out, that would be better than losing
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money the next time the market drops. they call that zero is hero. i'd rather have you earn nothing with your money safe than lose your shirt the next time the market crashes. stuart: anthony, you make too much sense. we're not going to buzz you. you're nodding your head, ash. ashley: absolutely. stuart: you're not near my age. ashley: i won't say that, no. makes a lot of sense. stuart: we never ask a lady how old they are liz: thank you, appreciate it. stuart: you're welcome. there's a huge story here, it's a long-fought over law and it's being changed and this is a big deal. jo ling kent spell it out. >> after 35 years, the chinese government is ending the one child policy according to state media. the aging population in china partly led to this change. prevented an estimated 400 million births according to the bbc. take a look at this video, the
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u.s. military has lost control of an unmanned surveillance blimp in maryland yesterday. it took out power lines and it caused widespread outages for hours after breaking loose from its tether. and at least two pieces in the small town about 80 miles outside of harrisburg, pennsylvania. the kansas city royals clobbering the new york mets last night 7-1 in game two of the world series. the royals are just two wins away from capturing their first title since 1985. next game is it in new york city tomorrow night, the mets better put up a fight. stuart: deathly silent in this studio. >> icy silence. stuart: icy silence. thank you very much, indeed, jo. the political outsiders still lead the republican race and ben carson taking a lead in national polls. we'll deal with that in a moment.
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economy, but not much impact on the stock market. we're only down 37 points. the dow is holding at 17,700. gopro not enough buyers for its new line of products and it's down sharply 16%. here is another big loser, that would be buffalo wild wings, hit by higher costs therefore it's lowered its expectation of profit in the future. it, too, is down. lifelock, the identity protection people, higher profit, better sales, really good forecast and look at that. lifelock is up 42%. huge, isn't it? hold on breaking news, here is comes right now. reports of russian jets buzzing the u.s.s. ronald reagan, that's an aircraft carrier in the sea of japan. >> just hearing about it now, in the sea of japan between
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south korea and japan. they're doing some military exercises with south korea. and two of them getting within a mile of the u.s.s. ronald reagan which is an aircraft carrier, they tried to contact the russian airplanes and they had no response so they scrambled four f-18's who request i cannily escorted them out of the area. this is not unusual, the russians do this allot a break through protocols how close they get. stuart: but getting a mile as close as a mile. >> close. stuart: it takes you a split second to travel a mile in a jet. ashley: but they bugged out pretty quickly. stuart: it happened and now we're telling about it. and i want to talk about the debate with ben carson. he was questioned about same-sex marriage. >> they shouldn't automatically assume that because you believe marriage is between one man and one woman that you are a homophobe, this is one of the
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myths that the left perpetrates on our society and frighten people and get people to shut up. that's what the pc culture is all about and it's destroying this nation. to be fair you were on the home page of the website with logo over their shoulder. >> if they put somebody on their home page, they did it without my permission. stuart: and now, star, i think that ben carson may have been one of the losers last night, not because of his comments on same-sex marriage, that's not the point, but he was confused about his tax cut proposal. didn't come across clearly or forcefully, but you say that he is still riding high, correct? >> well, he is riding high in the polls, but after last night's performance, you're absolutely right. the folks thinking about an outsider as opposed to someone that knows the business of politics might rethink. ted cruz changed that dynamic last night and one of the disadvantages for carson and
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also for trump and even for carly, when they got into substantive debates like about social security, they were all three quiet. they were missing in action. so, yeah, this is a changing point for everybody concerned so i like the idea that maybe we'll have some conservatives actually do the interviews at the next debate so that we can get down to what is fundamentally wrong with this country and how we're going to fix it. stuart: lets me backtrack. you told us that ben carson has been riding high and he has. i mean. >> yes. stuart: he come in tops in national polls first time we have seen that. explain that, why is such a soft-spoken guy, a committed christian, what else has he got going for it, give me more reasons why he's riding high. >> politics is nasty and noisy and look at opposition, hillary clinton? people are looking for someone they can trust, someone that's honest, someone what is
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commanding in one way or thoughtful in another, and that's why iowa and particular voters say, maybe it's ben carson, maybe it's that person. what's missing from all of at that debate is substance, what are the differences between the candidates and who can handle this job. stuart: how about donald trump? you know, we've been on the air now for one hour and 21 minutes and we've barely mentioned donald trump, a couple of times, that's it. he dominated other debates, but didn't dominate last night. what do you say? >> because last night, it was about substance, it was about the candidates. ted cruz changed the discussion to policy and once policy is involved, donald trump has nothing to say. so i think that maybe that wind is coming out of his sail. the balloon is popping and we'll see if he's going to stay engaged at all. he might make it through christmas, but maybe not. stuart: forgive me, can i use you as a reporter on the-- can i do this? >> okay.
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i'm black, why not. at least i'm black to some people. i'm not black to some of the black elite, but i'm black. stuart: is that right? >> oh, my hate my guts. yes, you can use me as a black reporter because i do run policy institutes and look at these differences in our culture. stuart: what level of support from the black community would donald trump get? deal with him first? >> you know, one of the challenges when we start looking at ethic policy is that most blacks are registered democrats and most states are still primary closed, so it doesn't matter, but because he's a celebrity he may get a significant nod from black voters, the same way that arnold schwarzenegger did in california, but that doesn't mean he ended up a good governor for any ethic group. stuart: if it was ben carson versus hillary clinton, would ben carson get, say, half the black vote, do you think? >> i don't think that he would get half the black vote and the reason why, many blacks do buy this idea of socialism, but for republicans to win they don't
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need half the black vote, they need four points in some states, three over what they normally or traditional get outside of the barack obama time 9% is what republicans normally get. if they could get 3 to 4 points in significant states, pennsylvania, ohio, florida or virginia, then, yeah, the black count would count very, very heavily and yes, that would go to ben carson as opposed to hillary clinton. stuart: star parker, excellent reporter. thank you indeed for joining us, see you soon. >> you're welcome. thank you. stuart: yes. here on "varney & company," we do have opinions. i state them clearly and concisely on this program. we don't try to hide. unlike the other guys. my take on the debate is next. ♪ hi, tom. how's the college visit?
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>> now these two companies are going to get together. pfizer is in talks to buy allergan. now we can see the stock prices allergan at $25 per share and just resumed trading and this will be a megha merger. wait a second, there's a wrinkle in this. allergan is based in dublin, ireland. effective tax rate. ashley: 4.8%. stuart: nominal tax rate. ashley: 12 1/2%. stuart: nominal tax rate in america. ashley: 35. stuart: they say that it's nothing to do with this liz: it is. phaser tried to buy astrazeneca in the u.k. to do the same thij. that's going to come into this debate liz: absolutely. stuart: back in a moment with my take. on "varney & company," we are honest, yes, i have an opinion on the issues and i come right out with it, this program
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supports free market capitalism, low taxes, small government. we want economic growth. we want to restore america to prosperity. the establishment media is not honest, they pretend to be middle of the road. they're not. they have a pro government liberal agenda, but they never admit it. and this was on full display last night at the cnbc debate. the moderators were anything, but middle of the road. they were snarky, aggressive and liberal. frankly, some of the questions were downright insulting. marco rubio was asked if he was competent to run the country after he cashed in a retirement fund. and you cash in a retiermd fund, you're not fit to run the country if you cash in your ira. the liberal talking down to people.
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they, the cnbc moderators think that cutting taxes is terrible, but more government is fine. they never actually say it, but every question was geared in that direction. a long line of gotcha questions. what i liked was the response of the candidates, ted cruz, marco rubio, carly fiorina, chris christie, governor huckabee, ben carson came back and put the moderators in their place. i didn't learn much about economic policy last night, but learned about the inherent bias of the establishment media. cnb c. blew it. watch fox business on tuesday november the 10th if you want a real debate. case closed. bp
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stuart: down a little bit more. sixty-eight points for the dow jones industrials. up today. yesterday. $0.64. look at that, please. gas down again. there are now nine states with the average price of regular below $2 a gallon. i like it. you have to get back to the d-day. watch this. >> the questions that have been asked so far illustrate why the american people do not trust the media. this is not a cage match. donald trump, are you a comic poke billing? filling? marco rubio, why don't you resign? jeb bush, why have your numbers fallen?
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>> the ultimate super pack. telling the families of those victims that it was because of a video. it was the week she got exposed as a liar. good people are making very bad decisions right now. if anything comes out of this whole thing -- >> do not speak to your vetting process or judgment in any way. they know. i have to tell you the truth, even in new jersey. >> i love donald trump. he is a good man. i am wearing a trump tight tonight. stuart: the biggest response to the audience that we could hear was when the candidates put down the moderators. media is hosted here.
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howard, welcome to the program. what is your objective opening in? >> my objective opinion is that this deep a name me cringe. it was questions that were often snide. they reeked of content tension. setting up marco rubio at to take a whack at them. it did not come across as anything resembling fair. stuart: i thought the moderators were projecting their own opinion about economics. >> i think that's fair. i am all in favor of tough questions and debates. because it seemed that the
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moderators were debating the candidates themselves, calling donald trump a comic book character, it just seemed so loaded. asking a question that he himself apologized. challenging one of the candidates. donald trump, she had the fast right. they had to back off and apologize even though she was right. stuart: were you surprised at this? i expected a little bit of it before we went into the debate. did it surprise you? >> i was stunned. in the betting that goes through
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these things, they would have taken out some of the snark and insulting and loaded language and let the audience decide whether the candidates had good answers. cnbc set up these candidates to do that. the audience, i think that they lost the audience which was probably cheering. at least we can get that hell out of here. stuart: i am surprised. you use the word snide. you are a moderate kind of guy. i am surprised. >> i really thought it was an absolute train wreck. i try to be fair and balanced. this was, if you believe in
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journalism and you believe in fairness, this was something that just made me cringe. i am not pulling any strings here. stuart: no, you are not. young people. what do they think about last night? let's bring in our resident millennial. i know you watched. you can give me your interpretation. >> i am with everyone else. i was very disappointed in cnbc. watching some of the fourth-graders. i think i rather watch that crazy youtube lady eats cereal out of her bathtub and watch cnbc. stuart: did you get anything out of it? did you get something substantial here? >> i did not. they played it up to be this
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huge debate on the economy. i got very little. the cost of education. we had carly feel renowned. she said government is the one that caught this great data student loans. i did not get a lot when it came to the candidates views on tax plans. stuart: can you step back a little? i know that that is your opinion, your interpretation of what you saw last night. can you speak on behalf of other millennial's? >> i will stick with my opinion being the main view of millennial's. when we are looking at these candidates and where we go from eight years of president obama as we have seen the private sector kind of receipt of little bit. we have seen companies move to other nations. we have seen a great
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underemployment of our generation. we are looking for the private sector now. i think we all wanted to hear what the plans were to help grow the private sector. i do not think that we got that last night. stuart: we have this official now. paul ryan has been elected the speaker of the house. i will bring you the vote shortly. there are actually people still voting. he has crossed the threshold where he is the speaker of the house. have i got question for one more on this? universities were way out there on the left. the faculty tended to be middle of the road. nowadays, seems to me that more students are of little right of center but far more faculty are
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wildly radical. have i got it right? >> i think you do. a lot of students feel threatened. stuart: you've got it. thank you very much for joining us today. we do appreciate it. dow industrial is down 68. paul ryan will be the next speaker of the house. we have the sector report. cheryl: watching industrials. we got this report today. one and a half percent. the brakes were on when it came to growth. dismal forecast, really. in the fourth quarter, things will pick back up. a lot of the stocks in that sector right now. you think about companies like ge, united technology, boeing, tearing back their inventory now. there seems to be a short-term
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blip. stuart: cheryl, thank you very much indeed. i have a headline from -- for you. elect hillary president and get four more years of president obama's policy. dan henninger next. ♪
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♪ nicole: i am nicole petallides with your fox business brief. stocks pull back his morning after we got the third-quarter gdp number. the u.s. economy cooled.
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the s&p down for. it has faced up to be a great month of the october. the best month we have seen for stocks in four years. united health and chevron. some of the names leading the way. we are watching intel, cisco and nike. keeping an eye on allergan and nike. up about 9%. pfizer pulling back some. the parent of botox. hn cream as well. taking a look at go pro. hitting a new low. right now down 60%. not seeing demand as they had hoped. fpn a.m. starts at 5:00 a.m. every day. ♪
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stuart: in his latest opinion piece, dan menninger writes this. a lefty pendant, the third obama term guarantees for or baby eight more years of socially destructive hope. you are familiar with what hillary rodham clinton has been saying.
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>> i think she will be a third obama term. quickly becoming a woman of the left. the personification of democratic left-wing politics. their idea of the economy is something that you regulate. senator warren talks about it every single week. a new way to regulate the financial industry. hillary's campaign so far has been a menu for proposals, she has even proposed putting fingers in jail. you have an economy growing out 1.5%. incentivize people across the economy to invest in sartre growing. you do not see it. >> we can see john boehner. it is oafish about paul ryan has been elected speaker of the
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house. i will print you details shortly. on the stage last night in that debate, they were all tax cuts. that was universal. cut taxes, get growth going. >> i thought that it was a very positive development. it looked as though the republican party was in the process of blowing itself up with this attack on john boehner and then kevin mccarthy. the freedom caucus was determined to prove that the republican party was not interested in governing. on that stage last night, i think i saw the presidential candidates, including that outsiders. look, we are in this together. this is not going to be a race that divides us. that was a very positive development.
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>> a very sharp contrast between hillary clinton and what she stands for. >> they were all conversations. criticizing the intense idea. attacking one another. beginning to drop real distinction between. >> the use negative action on steroids. you have to remember that when hillary was the first lady, her interest laid in seating the justice department, education department, labor department with lawyers that would go out into the country and carry out their policies. that is what barack obama has done. if hillary is elected, it will be divided government.
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she will use those enforcement bureaucracies to go out into the country and regulate business, education, schools, cities and states. that will be her goal. that will be executive conservatism on steroids. stuart: thank you very much for joining us. with me now republican presidential candidate. welcome to the program, sir. >> thank you. stuart: you went into it saying you are tired of this nonsense. i think you were referring to the backbiting that was going on. now, it is the day after the debate. you had a strong showing. are you happy with what you did? >> you cannot have republicans begin to talk about abolishing medicare and medicaid. you have to be kidding me. the idea that we will shift
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tenner million americans out of this country, it is inconceivable and it is impossible. it is not going to happen. we will have tax cut plans that raise the deficit by trillions of dollars. we need to pick someone that knows how to run this country. that is all i was trying to do. stuart: trying to pull everybody back. not necessarily towards the center. for example, how do you feel about senator cruz? last night he came out in favor of abolishing the irs. i am told let's get back to the gold standard. how do you feel about economic ideas like that? >> what is it going to cost and how's it going to fit in when it comes to balancing the budget?
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>> a balanced budget by the end of a second term. i did these kinds of things when i was chairman of the budget committee in washington. i went to ohio and turned ohio around with a great team of people. you have to be responsible on these things. how about no tax. why don't we have no taxes in america. >> it is a moderate message. >> i am on your show this morning. i did not disappear. in this business, in politics, everything is not sort of calculated here and as i am running for president. point out the things that i think i am for and the feelings of the other programs. it is nothing personal. i just think we are going to
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make a very big decision about who is going to be our nominee and he was going to be our president. stuart: is this silly of me, but i am going to offer some advice. how about a very positive campaign that says i want to return america to prosperity. let's go forward and be prosperous. that sounds like ronald reagan. the kind of message that would be really well received by all. >> yes. i am not just criticizing these ideas that i think are not responsible. i have my own ideas. as i pointed out last night, i am the only one on that stage that actually balanced the budget. we had great prosperity. we went from 8 million in the whole 22 million in the black.
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it is all about prosperity. when you are talking about whose plan is better, don't you think it is fair to begin to talk about what is realistic and what is fantasy. stuart: yes, sir. entirely fair. what do you think? >> everybody is criticizing them. i thought that they did find. things were kind of controlled did there was some questions that people ask. by and large, a fairly controlled debate. i got the time that i wanted, not all the time, and i was pretty satisfied he had they are not the greatest way to decide who should be president of the united states, to tell you the truth. stuart: they were not condescending to you, were they? >> i did not feel conned and send it. it sort of turned into a few
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attack the moderators, you get applause. i get that. another presidential campaign. for me, they treated me fairly. if they hadn't, i would tell you. they gave me the time i was looking for. at times cut me off, but that's okay. stuart: we have paul ryan. walking through the chamber. he is shaking hands with everyone. moderate tax cut make plans are somewhat moderate to yours. >> paul used to be an aid when iran the budget committee. i seen him rise. it is really wonderful to see. i campaigned with him when he was running for vice president did his approaches and mind are very much in saint. things that are progrowth.
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at the end of the day, our greatest purpose is to create an atmosphere for economic growth and job creation. just yesterday in ohio, a guy called me up and they created 500 jobs. in some ways, you are saving people's lives. a lot of times, bad things can happen. economic growth is the key to everything. the question is, how do you get there. in the back of your mind, when you are thinking about going for the big prize, the nomination, do you ever think vice president may not be too bad? >> i am sorry. i did not hear that. stuart: in the back of your mind, do you ever think i would take vice president? >> no. that is like you saying you take worse ratings and that would be okay. stuart: you are killing me,
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governor. [laughter] >> i've enjoyed talking to you. hope to do it again. see you in 10 days. stuart: thank you, governor. that is an exuberant chamber. doing very well. very well-received. i still do not know what the vote is. cheryl: 236 votes. in the overall, looking at the big picture, i think those to the far right said okay let's give him the space to try to bring this party together. many has noted and rinds that the job is to get a vision everyone can agree on. >> easily surpassed it. a new speaker in the middle of congress.
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it has already happened a few times before. we did see john boehner. there he is right now. we sold the box behind him them so we knew what was coming. >> paul ryan took a wild to agree to this position. a lot of pressure. concerned about the impact on the family. ultimately, decided to go ahead. stuart: monica crowley is with us. paul ryan is the new speaker of the house. he does not have those two issues around his neck.
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they are off the table. the impeachment. the irs. that will be a big deal. you have that look on your face. >> paul ryan has always been a conservative. i cheered when mitt romney chose the message. stuart: he is a tax cutter. >> i understand. they did this to your budget deal. they do not want to deal with it. the whole point of having paul ryan as speaker is because of his expertise being budget in fiscal matters. with a two-year budget off the table, why do you have paul ryan sitting there then? stuart: purely political move.
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the republican party does not want to go into an election year with a government shut down. >> i understand the political calculation of this. stuart: 2016. you have to play politics. >> coming in as speaker. the only guy willing to do it. that is the bottom line. the budget off the table for two years. the question becomes what would paul ryan be interested in doing? very interested in taking on amnesty. that is a huge problem. stuart: also interested in laying the groundwork. can and will cut taxes across the board. will get this economy going.
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all in favor of at the fox business network believe that we can't not raise the debt ceiling, we should just live on the money we've got coming into -- and that's what we -- live within our means. just start right now. don't raise the debt ceiling. you're not in that camp surely. surely >> well, how else, though, stuart, are we going to get these politicians whose main incentive is not to cut spending but to get reelected and the way you do that. how else are you going to use -- what other leverage do you have except the threat of the debt ceiling? stuart: okay. take your point. >> we're moving toward $20 trillion in debt. i don't know how this nation is surviving. ashley: there's no end. it will go on and on and on. that's the problem. stuart: all right. i hear you. brett, bail me out of this be i'm losing this argument rapidly. general anchor of special report, the best political program on american television. brett, we've got on our screens right now, we have
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paul ryan as you know, newly elected leader speaker of the house, is he the guy who pulls together the republican party? has he done it? >> well, he's done it for this vote clearly but whether he can do it going forward is really the question. you know, just some logistics here, stuart, paul ryan will be introduced by nancy the house majority there as you see there and then be sworn in by the longest serving member in the house, john, democrat from michigan. interestingly enough he started in the house his first year of the house 1964, six years before paul ryan was born. paul ryan will be speaker of the house, a young speaker who is said to unify the party but i don't think the honeymoon will be that long. monica, others have talked about the challenges ahead that really the conservative wing of the republican conference will provide him.
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but for the most part cleaning the barn by speaker boehner before he left has given him some breathing room. stuart: now, i haven't seen the break down, i know paul ryan got 246 votes but i'm not sure how many conservatives voted against or for him. >> there were only a few deflections, single digits,. stuart: eight? ashley: yeah. seven votes for webster. stuart: okay. so that's a unified republican party in the house, brett. >> it is. it is. and that was the prediction was that conference itself yesterday sent its message by not giving 218, webster had 43 votes yesterday. webster was on the floor of the house today saying -- slapping paul ryan's black, shaking his hand, taking his name out of nomination. so you do have unified moment. whether it is unified going through when the big-ticket items come down the pipe, we'll see.
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stuart: now, as we mentioned earlier, brett, we've got a budget deal so spending is off the table and so is a debt ceiling limit, that is off the table until after a new president takes the white house. i -- and here we have paul ryan, who is a well-known policy wonk and a tax cutter big time. i'm saying that that lays the ground work for next year when we'll be hearing a great deal about republican plans to cut taxes with a new republican administration in 2017. am i on the right track with that one? >> you are. you know, he was house waves means committee chairman. he desperately wanted to structure this tax reform package that he wants to get through and as house speaker i think part of the deal is he would still be driving that bus. i think he's still going to do that. remember paul vine protége of jack kemp, the late jack kemp and his belief that poverty, poor people can be helped by conservative principles. and i think paul ryan wants to
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take that to the next level and really push for this house to get through a tax reform package. even in the midst of a presidential campaign where that will be the focus. stuart: can i just quickly ask you about the debate last night, because you were very successful with the first republican debate. you and megan anchored that one very successfully. howard certs was on the show earlier saying he thought the moderators were snide and shocked how condescending they were. can you give me an opinion of how that debate last night was staged? >> so i'm low to go after moderators because i know how tough the job is. and especially with ten candidates on the stage. that's it. i do think that one, it's really better to have the fox news bell or something like it to keep the candidates on the track with answers. and two that you have to have the backup to your questions.
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you have to have the material that if you get challenged on the premise of a challenge or the substance of it, that you're ready and willing to go back at that candidate with the details. and i just didn't feel like numerous times throughout the debate that those questioners had that back up at their fingertips. stuart: one last one, brett, i'm sorry to keep you so long. but it seems to me that the republican party has had a pretty good couple of days. the budget deal is done, the debt ceiling deal is done, there's no government shut down, a new speaker of the house, a guy who wants to cut taxes, brings the party today, the candidate showed well last night how to get economic growth. seems to me the republican party as a whole and their candidates are now in a pretty good position. am i going too far? >> no. i think you're right on the macrosense. i think there are clearly a lot of conservatives who have a problem with the budget deal that got through, and they say that is part of the problem with washington. so i think you're still going
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to see that fraction and friction within the party? but as far as the performance of the candidates and pushing back against the media narrative, that was a big winner as far as the debate went. i think the question will be can this republican party unify, despite its different parts? and i think paul ryan is at the center of the answer to that. stuart: brett bear, we'll be watching tonight, actually i really will be watching tonight because i want to see what you're going to say about the debate last night. >> by the way, stuart, let me do one promo in that we have a single sponsored show tonight, we have 58 minutes of report, ted cruz, expanded panels, all kinds of reporters, so we're going to be great. stuart: that's just not fair, brett. i've got a three-hour show, i could use that time. brett, thank you for your time. we appreciate it, brett, good luck. thank you.
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>> see you. stuart: now monica crowley is with us and not happy. >> i'm always happy, stuart,. stuart: here i'm saying the republican party is in shape, unified behind the speaker in the house, excellent showing by the candidates last night showing you how to get economic growth, a party in good standing, and you don't look like you're very happy. >> no. no. i'm not disagreeing with your assessment that i think the general consensus that mrs. clinton had a good week or two coming out of last week into this week, it does look like the republicans at least temporarily had their acts together. now, i say temporarily because as one who voted republican all my life, i know the gop never misses an opportunity to miss an opportunity. i hope that this is an indication that the kind of unity that brett was referring to will carry forward into next year. stuart: listen, the democrats are quite prepared to dump bernie sanders even though
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they love him. on the grounds that they will win with hillary clinton. but you see people like you if i may use that expression, you're not prepared to dump the right. >> no. i am a conservative. no, i am a conservative. stuart: but you're not prepared to walk away just temporarily. >> no. no. i am a prind conservative, and i believe we lose elections. stuart: we lose elections because we're so -- >> with principles. well, look, you have a very sprawling, huge republican field running for president. the democrats do not. but if you check out my piece today in the washington times, you will see that i think it that president obama's not quite done with mrs. clinton. stuart: so i've got brett -- >> to say about this. stuart: what did she i've bottom brett bear plugging his show on the fox news channel, and megan plugging the washington times. now, listen, everybody, we are about to listen to paul ryan -- does he take the gavel? i don't know the procedure here.
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ashley: i don't think nancy is going to give it up. stuart: she's not giving it up yesterday, paul ryan will be speaking momentarily and we will be listening to what he has to say. he is the new speaker, got 236 votes. let me tell you briefly that the dow jones industrial average is down 70 points, we're at 17,700. the price of oil is up a little bit. other markets are not doing that much. price of gold is down $26 but the principle thing now is paul ryan, watch this. [clapping] [clapping]
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>> thank you. thank you very much. thank you. thank you, madam leader. before i begin, i would like to thank all of my family and friends who flew in from wisconsin and from all over for being here today. in the gallery i have my mom betty, my sister janet, my brothers stan and tobin, and more cousins than i can count on a few hands. [clapping]
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[clapping] >> most important, i want to recognize my wife janna and our children lisa, charlie, and sam. [clapping] >> i also want to thank speaker boehner for almost five years he led this house from nearly 25 years he served it. not many people can match his accomplishments. the offices he held, the laws he passed. but what really sets john
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apart is he's a man of character, a true class act. he is without a question the gentleman from ohio. so, please, join me in saying one last time thank you, speaker boehner. [clapping] [clapping] >> now i know how he felt. it's not until you hold this gavel, stand in this spot, look out and see all 435
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members of this house as if all america is sitting right in front of you. it's not until then that you feel it. the weight of responsibility, the gravity of the moment. you know, as i stand here, i can't help but think of something harry truman once said. the day after franklin roosevelt died, truman became president, and he told a group of reporters. if you ever pray, pray for me now. when they told me yesterday what had happened, i felt like the moon, the stars, and all the planets had fallen on me. we should all feel that way. a lot is on our shoulders. so if you ever pray, let's pray for each other. republicans for democrats and democrats for republicans. [clapping]
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>> and i don't mean pray for a conversion. [laughter] pray for a deeper understanding because when you're up here, you see it so clearly. wherever you come from, whatever you believe, we are all in the same boat. i never thought i'd be speaker. but early in my life, i wanted to serve this house. i thought this place was still rating because here you can make a difference, if you work hard, you can make it happen. you can approve peoples lives. to me the house of representatives is what's best
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of america. the boundless opportunity to do good. let's be blank. the house is broken. we're not solving problems, we're adding to them. and i'm not interested in laying blame. we are not settling scores. we are wiping the slate clean. [clapping] >> neither the members nor the people are satisfied with how things are going. we need to make some changes, starting with how the house does business. we need to let every member contribute, not once they've earned their stripes but now. i come at this job as a
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two-time committee chair. the committees should retake the lead in drafting all major legislation. [clapping] let's open up the process, let people participate. and they might change their mind. in neglected minority will gum up the works. a respected minority will work in good faith. instead of trying to stop the majority, they might try to become the majority. in other words, we need to return to regular order. [clapping]
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now, i know this sounds like process, it's actually a matter of principle. we are the body closest to the people. every two years we face the voters and sometimes face the music. but we do not echo the people, we represent the people. we are supposed to study up and do the homework that they cannot do. so when we do not follow regular order, when we rush to pass bills that a lot of us don't understand, we are not doing our job. only a fully functioning house can truly represent the people. and if there are ever a time for us to step up, this would be that time. [clapping] america does not feel strong
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anymore. because the working people of america do not feel strong anymore. i'm talking about the people who mind the store, grow the food, and pay the taxes and raise the family. they do not sit in this house. they do not have fancy titles, but they are the people who make this country work and this house should work for them. [clapping] here's the problem. they're working hard, they're paying a lot, they're trying to do right by their families, and they're going nowhere fast. they never get a raise, they never get a break, the bills keep piling up and the taxes and the debt, they're working harder than ever before to get ahead and yet they're falling
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further behind. they feel robbed. they feel cheated by their birthright, of their birthright. they're not asking for any favors. they just want a fair chance. and they're losing faith that they will ever get it. then they look at washington and all they see is chaos. what a relief to them it would be if we finally got our acts together. what a way off of their shoulders. how reassuring it would be if we actually fixed the tax code, put patients in charge of their health care, grew our economy, took people out of poverty, and take people out of debts [clapping]
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>> at this point nothing could be more inspiring than a job well done. nothing could stir the heart more than real, concrete, results. the cynics will skaw. they'll say it's not possible. we will try. we will not duck the tough issues, we will take them head-on. we will do all we can do so that working people get their strength back and people not working get their lives back. no more favors for the few. opportunity for all. that is our motto. [clapping]
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>> you know, i often talk about a need for a vision. i'm not sure i ever really said what i meant. we saw problems here, yes. we create a lot of them too. but at bottom, we vindicate a way of life. we show by our work that free people can governor themselves. they can solve their own problems, they can make their own decisions, deliberate, collaborate, and get the job done. we show that self government is not only more efficient and more effective, it's more fulfilling. in fact, we show it as that struggle, that hard work, that very achievement itself that makes us free. that is what we do here. and we will not always agree. not all of us. not all of the time. but we should not hide our
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disagreements. we should embrace them. we have nothing to fear from honest different differences honestly stated. [clapping] >> if you have ideas, let's hear them. i believe that a greater clarity between us can lead to greater charity among us. and there's every reason to have hope. when the first speaker took the gavel, he looked out at a room of 30 people. representing a nation of 3 million. today as i look out at each and every one of you, we represent a nation of 300 million. so when i hear people say that america doesn't have it, we are done, we are spent, i don't believe it. i believe every fiber of my being that we can renew the american idea.
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[clapping] >> now, our task is to make us all believe. my friends, you have done me a great honor. the people of this country, they have done all of us a great honor. now let's prove ourselves worthy of it. let's cease the moment, let's rise to the occasion and when we are done, let us say that we left the people, all of the people, more united, happy, and free. thank you. [clapping]
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. stuart: ladies and gentlemen, the speaker of the house, mr. paul ryan being congratulated there by his friends, family, and fellow members of the house of representatives. monica crowley is here. now, wait a minute, monica. hold on a second. he said a lot of good things. >> he did. stuart: he's pro growth, he said it. he doesn't want -- he wants to return to regular order, no more of this back room deals. what's your problem? >> so he said all of the right things, it was a lovely speech, and -- stuart: hold on a second. i just got a look. >> to administer the oath of office. [clapping] >> if the gentleman from wisconsin would please raise his right hand. do you, sir, solemnly swear or
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affirm that you will support and defend the constitution of the united states against all enemies foreign and domestic that you will bear true faith in the allegiance to the same that you take this obligation freely without any mental reservation or purpose of evasion and that you will well and faithly discharge the duties on the office which you are about to enter. so help you god. >> i do. >> thank you. >> thank you. stuart: paul rain, the new speaker of the house was born in 1970, several years after john, who just swore him in, first entered congress. >> and, you know, this is actually a very important moment for the republican party, possibilities country but for the republican party and the conservative movement as well because you're seeing
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generational change. stuart: that's true. i just want to listen in for a second. >> speaker, i offer a privilege resolution and ask for its immediate consideration. >> the clerk will first number the resolution. >> house resolution 503 resolved that the clerk be instructed to inform the president of the united states that the house of representatives has elected paul d ryan, a representative from the state of wisconsin, speaker of the house of representatives. >> without objection, the resolution is agreed to and the motion to reconsider is laid upon the table. [clapping] . stuart: the motion reconsidered am laid upon the table. he is the speaker. i think there's going to be a series of recognitions at this point, this is the ceremony of the installation of the new
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speaker. he has just -- and now performing his duties for the first time standing right there at the center of the action, he is the speaker of the house. all good. >> and, you know, i mention generational change and how important that was for the democrats in electing barack obama. this actually might go very well for the republican presidential field. we had a number of candidates who were paul ryan's generation. stuart: you're coming around. you're coming around. she's softening. >> i never soften. ashley: well, monica, you kind of get the sense that perhaps mr. ryan is bright eyed, bushy-tailed perhaps a little naïve? ashley: well, he's very earnest, i wouldn't say naïve. and here's my concern, i wrote about this in my book a couple of years ago about paul ryan. he's a conservative figure but my concern is that he and so many other republicans don't understand that they are in a war for the future of the country. the left never stops fighting this war. they are in this for the fundamental transformation of
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the nation, whether it's president obama, nancy, the democratic members of the house, and i'm not sure that registers with paul ryan because i think he treats the democrats as the democrats are old, which they are not. stuart: but the republican party, your party is in pretty good shape right now, can you say "yes" and nod your head and smile? >> for the moment. stuart: nod your head and smile. all of this going on, there's been no market activity at all really. we're down 65 points, we were down 60 when this whole thing began, down 62, 17.7 on the dow jones industrial average, there's a huge merger in the drug industry, the price of oil is $45 a barrel, the price of gold is down $25. sharon: and amazon continues to break record highs. $626. $627. stuart: 627? ashley: it was 627 earlier.
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stuart: we're going to break and when we come back bp
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stuart: i'm sorry i want to get back to the debate. i just can't put it down. joining us now is rodger stone who was formally a political advisor to donald trump and that's who i want to talk
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about. donald trump. rodger stone, come on in, welcome to the program. good to see you, sir. >> great to be here. stuart: i think that donald trump was -- not out of it, but he took a backseat last night. he certainly didn't make any waves, are you disappointed? >> no. not at all. i think he had his best debate yet. look, trump is best when he sticks to the broad themes of how he's going to make america great. you had a lot of side squabbles here between career politicians. particularly that sunshine state squirmish between jeb who is fading and marco who seems to be at least in florida overtaking jeb. i think trump held his own, he had a great exchange with kasich, try to pile on the frontrunner, i think trump knocked him back with his leem an brothers service. stuart: are you still a big, strong supporter of donald trump? he's your guy no matter what. is that your way to put it?
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>> absolutely. and i'll tell you why. stuart: yeah, go ahead. >> i disagree with him on a number of issues, however, he's the only one with the financial and personal independence to take on a broken system. you can't just reform tax policy and, by the way, his tax reform policy is very pro growth, very dynamic, cutting the corporate rate, which today is 35 below china, which is 25 to 15. would put the wood to china, would bring jobs back to the united states. his inversion program taking 2 trillion that's offshore, bringing it back to the united states. but only donald trump has the independence from special interest to cut spending. i worked in the senate, initiating house. every dollar in the budget that's wasted is tied to some special interest. trump is the only one with the encourage and the independence to fix that. stuart: the debates, though, are not entertaining without trump right out in front doing
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what trump does. what i mean, rodger stone? >> well, look, he's a showman. he's got a great sense of public relations. he's definitely caught a wave here. people are very frustrated with clear politicians. i like several of the candidates there last night. they sound great. but when they get elected to office, none of those great ten point plans that they talk about really get enacted because one special interest or one billionaire or one super pac objects and therefore you're right back to square one. only trump i think has the independence. ashley: he's got the independence. that's true. stuart: rodger, i'm sorry we cut it short, we have a huge day today and appreciate you being with us. thank you. >> thank you. stuart: i'm still on the debate. senator ted cruz said last night he wants to abolish the i say. watch this. >> i will note that my 10% plan eliminates the payroll
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tax, limits the business tax, and 10% flat rate personal rate any candidate up here has and what it would also enable us to do is for every sin to fill out their taxes on a postcard so we can eliminate the irs. stuart: okay. eliminate the irs. a 10% flat tax. now, i think he got in there go to the gold standard again for the u.s. dollar. look who's here. judge andrew napolitano. judge, come on. that's pie-in-the-sky dreaming. not going to abolish the irs, you're not going to go back on the gold standard and 10% basic flat rate tax is not going to happen. >> you would love it, wouldn't you? . stuart: yes, i would but you know it's not going to happen. >> if he is elected president, presumably there would be a groundswell of support for him and his ideas. stuart: he won't be elected president. >> well, i don't know what the prediction is -- what. stuart: what did she america is not going to elect someone with such radical ideas. no more irs,.
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>> oh, my god, in 1954, radical it will never happen. every champ was once a contender. every idea was once -- every successful policy was once the radical idea. if he is preaching let's abolish the irs now, it might happen before you and i are in our old age, mr. varney. stuart: can you tell me any modern society of any kind whether it's a dictatorship or anything where there's no tax. >> no. i don't think he's saying there's no tax. . stuart: all right. no taxing -- >> i heard him say, and rand paul's very similar to his, 14.5%, his is 10% . stuart: yes. >> somebody's got to collect the money. but what they're saying is you don't fill out a tax form like varney does, which is the size of the new york city telephone directory because you're providing so much information to the government.
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you're saying what you earn times .010% and get rid of it. so get rid of all the nonsense. how's them apple's? . stuart: 10% tax. i thought you said, i remember you saying on our air this program that taxation is fed. >> it is. according to jefferson, and the oral moral transactions of those that are truly voluntary. i know you willingly pay your taxes. stuart: i do. >> or suffer the consequences of not doing so. stuart: i do it because i think america deserves my money. how about that? >> do you have a headache? [laughter] . stuart: i'm very proud and very happy to be in this great country, and i think i should pay my contribution to it. i'm paying far too much, in my opinion, but no, i have objection to keeping the wheels of government. >> as a result of the government, as paul ryan as speaker, your taxes are going
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to go up because he is in favor of barack obama borrowing all the money he wants. borrowed $6 trillion in six years in office now they're giving him a blank check. what kind of change is that. stuart: are we going to a break now or can i -- sorry, judge, they cut you off at your prime. and you, jessica, and you, monica. >> how can i fly from new york to london in 30 minutes? . stuart: i don't know. i'm going to read that. that's my script. stuart: new york to london in 30 minutes, the new super sonic jet promising just that. >> really? . stuart: it's next
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>> i'm nicole petallides with your fox business brief. stocks are under a little bit of pressure here today, the dow jones industrial average down about 54 points right now, 17,725 after a two-point gain yesterday, and the fed needs to bring some change but looking at december, back 25 bucks in the two-year bond, and intel and microsoft, boeing, to just name a few. we are seeing, however, mastercard moving to a new high today. turns out that profit beat expectations and card holders going to other countries and that helped with their profit. and mgm going to bring some of their properties into a real estate investment stock, that stock off about 4.5% here. here's some to watch after the bell, linkedin and starbucks. start your day every day
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stuart: and now this, to say that i'm highly skeptical would be an under statement. a super sonic yes yeth that can fly you from london to new york in a half hour. ashley, is this try pie-in-the-sky dreaming. ashley: well, it is. it comes from the famous aircraft engines, they have this technology they believe
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called scramjet that will travel at mock 10, ten times the speed of sound that will get you from london to new york in 30 minutes. stuart: 642 miles per hour is the speed of sound, six times that is 6,000 miles per hour. i don't believe a word it of. ashley: but the concept airbus, the big european airplane maker has gotten the patent on concord two and still kicking it around, you know, the concord was retired stuart: yeah. ashley: they see london to new york in an hour at mock 4.5. stuart: now you're talking. ashley: peoplely want to get there quickly. stuart: they certainly do. thank you very much indeed. ashley: you're welcome. stuart: and senator mike joining us from capitol hill. senator, welcome to the program. great to see you. you just popped up right there. good to see you there, sir. >> i flew in on the new scramjet that got me here in 30 minutes. there was a proposal last
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night from ted cruz, and i know you're a ted cruz supporter, which is to abolish the irs and go to a gold standard to back up the u.s. dollar. i say that is pie-in-the-sky dreaming. are you a big supporter of this? >> i haven't reviewed his plan. but i like the idea of simplifying our tax code, i like the idea of moving to a monetary system that's based on something other than make it up as you go along plan. so, yeah, it's worth looking into. stuart: but it's not a serious proposal, is it? >> let me put it this way. it's not something that i expect to pass today. it's certainly not that i suspect to be put in the deal together. this is a long-term project for his, and i would love to find out more about it. stuart: i think the two winners were night were marco rubio and senator ted cruz. i think you would agree with that. >> yes. i think ted and marco did really well last night, i think both of them did
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significant gains and i think we'll see an up particular in the polls in the next few weeks. stuart: i want to go to a obscure subject but i know you're big on this. you saw our segment with josh ketrick. he makes main that doesn't have any eggs, and you have a part in this. tell us -- why are you taking part in an egg war, hampton creek and? >> i'm always looking fought for competition. by protecting robust competition in america, we protect the american consumer. we make sure people can buy things in an affordable way. we have these outdated, things like the american egg board theory collecting taxes and using them to protect themselves. and sometimes they behave in a fashion that results in anticompetitive dynamics in the marketplace. and i sent a letter to the
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secretary of agriculture looking into this. i think it's a big problem. we need to reevaluate. why we have these boards set up in the 1930s, they may have had their purpose then, but they may have outlived their purpose and we need to look into getting rid of them. stuart: thank you. thank you very much for coming on the show. that's a great point and we appreciate it. thank you. >> thank you. stuart: i'm staying on that debate, going to carly fiorina calling herself hillary clinton's worst nightmare. roll that piece of tape. >> i may not be your dream candidate just yet, but i can assure you i'm hillary clinton's worst nightmare. and in your heart of hearts, you cannot wait to see a debate between hillary clinton and carly fiorina. stuart: jessica is here, democrat, left of center, she's back for more grilling and punishment. hello, jessica. >> hello, stuart,. stuart: do you think that hillary should be concerned. >> about carly fiorina. stuart: yes.
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>> no, i think she should be concerned about marco rubio. i'm not dismissing her, i think she's an incredibly great woman, she did a great job presenting her views, she had a few good lies like the 92% of jobs lost during obama's term was to women, and that was a proved to be lost. stuart: so lies -- >> only four pinocchios and ten lies, and some of the lies are ten pinocchios and the rest are okay. stuart: no, i said there are lies and statistics. if you based the principle on statistical arguments, i think you lose. >> well, i don't know what to say to that except that carly fiorina is -- i wouldn't say a dream for hillary clinton, obviously she's the talking point of being the first woman president because we have another option but doesn't have it policies to beat hillary clinton. stuart: okay. hillary on the debate last night, i thought marco rubio was a winner. >> marco rubio and ted cruz were my winners from last night. stuart: could hillary -- let's
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get this the right way around. could marco rubio beat hillary clinton. >> i think it's possible if you look to the head-to-head match up. i just he's a difficult candidate, he's a great debater, his vision for the future of america is a compelling one. he's quick, he's witty, his super pac line i thought was fantastic about how the mainstream media is hillary's pac. stuart: you're good. you've got it all right. >> i studied all morning for this. [laughter] . stuart: why did you go on the wrong side of the fence here? >> because i believe in fairness. stuart: and we believe in freedom. freedom and liberty, america's way. that's what we believe in. >> the brits? that's what the brits believe in? . stuart: no, the americans. >> well, we'll see how they vote coming election day. stuart: lower taxes, less government, lower bureaucracy, wouldn't you love to jump onboard that one? >> not to which. stuart: yes, you would. of course you would. >> no. i like things as they are and it will get better under i have not. stuart: wait a minute. aren't you the one
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disappointed that joe biden is not running. >> no. stuart: weren't you almost in tears? >> no. i think you're confusing me with some other progressive. i'm full in with hillary on this one. stuart: tamara holder. >> that is a very different breed of democrat. i've never met her. stuart: in what way is it totally different from you as a democrat. >> i think she's more to the left than i am, and she was sad about the joe biden thing and i think it was a smart approve for democrats, we're consolidating around hillary clinton, she's the toughest to beat, autonomy i excited. stuart: you're excited? >> i'm pumped. stuart: no, you're not. >> look at he i can't fake a smile like this about, as i recall, yes, you can. the level of hillary clinton is not great. >> that is not true. we've talked about this over -- stuart: i don't hear anybody banging saying i've got to have hillary. >> hear me now. hear me now. stuart: it was fun. we should have a debate every night. jessica, i'm just looking at my notes here. that is you. >> it is me uh-huh. stuart: thanks for coming. >> thanks for having me.
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stuart: look at this video. a 240-foot government surveillance blimp, it broke free, knocks out power to thousands. guess what? governor huckabee not happy about it, he says that's kind of a government machine. that's next >> if you saw that blimp that got cut loose from maryland today, it's a perfect example of government (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.
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♪ stuart: do you remember this story from yesterday afternoon, the military lost control of 240-foot unmanned surveillance blimp in maryland? that blimp fook took a out power lines, no injuries, but listen to what governor mike huckabee said about it in the debate last night. >> if you saw that blimp that got cut from maryland today, it's a perfect example of government. what we had was something the government made, basically a bag of gas that cut loose, destroyed everything in its path, left thousands of people powerless, but they couldn't get rid of it because we had too much money invested in it, so we had to keep it. that is our government today. stuart: that was good because it happened yesterday afternoon, and he arranged his script in just time for the debate. >> such a great analogy because it was totally spontaneous and that's what voters really want to see.
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they want to see candidates who are listening to the conversation and can work it in and who are spontaneous. ted cruz also had a great spontaneous moment. ashley: i don't believe that was spontaneous, i think he saw the opportunity and wrote it. because i will say that mr. huckabee is good for with the one liners,. >> he is. ashley: and i'm convinced someone in his staff came up with that. stuart: it was good. an analogy; is that right? an analogy for government the blimp and government. ashley: run away out of control. stuart: do remember, please, the fox business and wall street journal getting together to bring you a debate, a real debate focused on the economy. it's on the fox business network of course. it will be on tuesday, november the 10th. that's when the republican candidates take the stage, it will be in milwaukee wisconsin, but we will be there. that will be a debate.
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stuart: we spent the last 30 hours going over in detail what happened to the debate last night. monica crowley and ashley webster both agree with me. let's see if neil cavuto does. it is his time. neil: it is time to judge. paul ryan's plans. a lot of people do not think he is the job for this. what we can tell you right now is the market is kind of non-flux. a 10 year notes. barely budging at all. that is an instrument to which a lot of mortgages are paid. heading home sales are not exactly firing on all cylinders.

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