tv Varney Company FOX Business October 31, 2017 9:00am-12:00pm EDT
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mitch. >> let's get a tax bill. make it quick. >> america cares about tax reform and houston astros taking the pennant today the world series. have a great game. >> because republicans in congress give me a headache. [laughter] >> stuart varney is next over to you "varney & company" take it away. stuart: give me the advil. >> cease the day, stew. >> thank you. >> manafort indicted media frenzy distraction, the big story is the growing economy and yes the continuing trump all rally good morning everyone. let's start right there if you're worried the political turmoil will hurt you well look at this a pull back yesterday bounce back today stocks are going up again today and look where the money is employing again. facebook free market has reached 180 dollars share. even though they'll face congress today after admitting russian backed items were read by 126 million americans. and then there's apple, just as
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iphone 7 appear, moves to another record high. by the way, tim cook is in china showing off the 10 preorders there are huge. apple is not that far from a market value of a trillion dollars. then there's the economy clearly strengthening confidence optimism rising look at this. the friday jobs report according to the people who are fade to make forecasts -- will show over 300,000 new jobs maybe 400,000. but none of this is making headlines today it has been buried by this. paul manafort alleged money laundering and tax fraud that ended by the way in 2014 in the election year, he allegedly failed to register as an agent or for foreign government to the media this is blood in the water. that prelude to collusion with the russias. this is not going to go away. but investors don't appear to care they're pouked on tax cuts and a growing economy.
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varnny and company about to begin. >> i'll start request this again stock futures this is how the market is going to open a half hour from now. we're going to be pup all across the board with a nice gain especially for the nasdaq composite technology doing very well again this morning. hof under armour different story weak demand for products in north america apparently discounting a lot. that doesn't go down well stock is going to be down 17% of the opening bell. all right a physical, iphone 10 available to the public starting today. apple ceo tim cook he's in china, he's meeting with president pink and preorder rs for iphone 10 in china are surging that's why you've got a record price for the stock we have got numbers for me? >> from one outlet jd.com .3
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million orders will be booked. another report has that it only took five seconds for first to be sold out and that comes from e-commerce marketplace so the people in china are loving that it is a tenth anniversary are apple you know they love branding of it and excited about it saying it is a must buy product. stock has gone to 168 premarket record high. thank you lizzy. i think i'm correct in saying that. more on apple coming up 9:30. stocks down yesterday -- after a reuters report that corporate tax rate lower corporate tax rate would be phase inside over a number of years joining us now charles grassley republican from iowa. mr. senator is there, in fact, discussion of this phasing in of the the lower corporate tax rate? >> going way back to march, including three meetings last week, and also going to have another meeting today which
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maybe will change things. but i would have to say on the senate side we have not talked about phasing that in. we've talked about starting out with 20% rate. >> would you be in favor of phasing it in? >> the only way that i would be -- in favor of phasing it in -- is if there's no way you can stay within the one and a half trillion dollar figure that we have to as a result of the budget resolution. we have to fit in with what revenue raisers we have by broadening the tax face compared to what we reduced tax rates both individual and corporate. but i think it sends a bad signal if we don't go with the 20% corporate rate being that the president started out at 15 we're down to 20. you can't really go below 23 under any circumstances for the reason that the other 35
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industrialized nations that's the average and some are lower. and so republican going to go lower like the united kingdom. so if we're going to be competitive, we've got to stay at 20. stuart: there's a lot -- the intention is to make sure that the top 1% of income earners either pay the same amount of taxes they're paying now or pay more. that seems to be the general thrust of the discussion so far. that accurate? >> that is accurate from the standpoint that the president made that very clear. but i think that you've got to think in terms of what we do to encourage investment and the emphasis on middle income tax cuts, and progressivity staying about where it is. but there's several things you can do to temper whatever you do with keeping the higher income paying the same amount, for
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instance, i hope it isn't retaining the 39% rate. you see what we tend to consecrate on is 39 versus 35 for the top rate without thinking in terms of a lot of people have meads up their mind you know, over i'm talking about over a course of 50 years you know, some people when you have high marginal tax rates they decide they're going to pay so much to the government and then they don't work heart diseaser. >> your colleague in the senate senator graham says there will be, quote, holy hell to pay if president trump fires robert mueller. what's your with reaction to any suggestion of firing mueller? enches well, listen, the presidt hangt talk about it in remember in the last three months his lawyers have been about trying to cooperate very definitely with the special counsel. i don't know why this would come up as an issue unless the
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president talked about it. if the president wants my advice, i would say just let the special counsel do its job. now for the markets the bottom line out of that interview was this -- smart grassley does not want any phase-in of the corporate tax rate cult. we'll have more on ?afort grassley interview a little later on this program. all right, now let's get back to the great economy, town hall editor fox news contributor look this is a story i don't think is covered at all in the main streaming e stream media they are ignoring this and i think they're not doing their job of informing public about what is going on with issues that affect their lives. what do you say? >> thank goodness we have you varney to make sure they have prosperity we're seeing in america but you're right. we've seen aenemy pick gdp growth overs past eight years and over the last year, and certainly in the last quarter
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with the 3% gdp that is a significant increase driven confidence in consumers and employers. there are more people entering the work portion people now are excited to get out there and spend a little bit more money than they have been spending previously. so that is people are not necessarily talking about and it's because it is a free market at work the president has decided he's going to deregulate take a bunch of these federal regulations off of the books which allow the free market to work and if so far we've seen that growth come as a result. : i'll guarantee that tomorrow when we get the details of tax package guarantee that the left and media says it's a give away to the rich. and on friday when we get a pretty solid jobs number i'm u pretty sure media will say that's as a result of the hurricane in florida and people going bag to work. i have a new campaign ad in the virginia governor's race. it depicts the gop candidate as supporters of the candidate i should say as a supporter white
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supremacist. hunting down minorities -- what do you say to that? i'm asson pictured by frankly. smg most disgusting political ad i have ever seen and i find it ironic that a party with michelle obama who says they go low, we go high. is defending this ad it shall having whoever this is in the struck depicted as someone who was running down minority children in the streets as ifs that the reality of everyday america is disgusting it is a smear as she condemns by ralph, but i highly doubt that he will make that condemnation it is just horrifying to see that they even thought this was a fair portrayal. dges i agree 100% katy. that in my opinion is another new low. hey, i think it will backfire as well we've seen before what happens when you insult supporters in this -- you know this horrible demeaning way. >> what hillary clinton called
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trump supporters you know you racist, sexist homophobe et cetera, et cetera about et cetera you don't tell people honest, decent americans that they're deplorl. deplorable. katy thank you very much indeed. gootdz stuff, thank you. a victory in the fight against terror, yes. the fbi and special forces capturing an islamic militant allegedly solved in attack in our embassy in benghazi. to politics president trump top two guys economic guys that is gary and steve mnuchin had a house call who hate thed ideas of getting rid of the deduction for state and local taxes we're talking to one of those lawmakers who was on the court. talk to her next. and look at this. jackie robinson's rookie year jersey it is up for auction. it is expected to go for millions plural, millions of dollars. we're going to have it for you own the set live in our 11:00
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special operations forces captured a mill instrumental in the benghazi attack. details please. >> al he was capturedcaptured ia this sunday special on os forces fbi agents in on this guy. he was indeeds believed to be a part of that attack in benghazi which by the way as you can see four killed including chris stevens president obama said afterwards our memory is deep and will not rest to find to bring perpetrators to justice so there you you go they have the ring leader from the attack he was in custody captureed so we have not forgotten that memory runs deep. >> it does. thanks ash. last night house republicans
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from new york voice their concern shall question say to steve mnuchin and gary cone president trump right hand man on the economy concerned about possibility of losing that deduction for state and local taxes to hit new york people very hard. fox business has confirmed that big phone call did take place. joining us now one of the participants friend of the show -- claudia republican from new york. so claudia -- [laughter] good morning. good morning. are you going to tell us? >> good to be back. >> you are. have you negotiated a way any idea of dropping that deduction now is it off the ?aibl table? >> apparently after last night phone call that was all nine republicans in the new york delegation participated. everybody gave our input. and this salt is going to be a huge issue the state and local tax deductibility. the big debate is whether or not we use income tax, property tax, sales tax, mortgage interest,
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charity haddable deduction all of those thing, and one thing that as i've continued to investigate and looing into this issue that's really a problem is the lack of deductibility of the income tax and i'll tell you why it's the only deduction -- what is note voluntary. >> you have to tell us -- i'm l sure that all nine of you really laid it on thick but in new york state you -- end that deduction you get rid of that deduction and all hell breaks loose for upper income earners now did you come away from that phone call with the feeling that munn chin and cohen would drop the idea of that deduction? did you come away with that? >> i don't know. but i hope that we are pushing them to coming come up if we dot eliminate it which is i deal situation that we have some way to protect our new york taxpayers. because remember as i was just saying income tax is not voluntary. you don't have to buy a house and if you are don't buy a house
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and you don't worry about mortgage tax and worry about property taxes, but you must pay your income tax that's one that is not voluntary to me that's the owner and most significant when you look at the tax burden across the nation. republican interesting study was done that comparing the golden state, california, and new york state showing -- the income tack even though it is higher in highest levels it is actually taking away the income tax deduction and state income tax deduction is to new york state than california and higher value and higher property tax deduction than we would. so to me the income tax now becomes the real difficult question. and we need to fight for that. >> and obviously they listen to you. as you get any indication that prepared to accept your argument and that doing away with that deduction would end any idea that you would vote for this tax cut package? >> well --
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let's put it this way mnuchin and cohen are new yorkers they understand what's going on in new york, and let me just be perfectly honest again, all of the high taxization in new york is squarely the fault of our democratic progressive friends in albany who have continued to abuse taxpayers with high tax spend policy. they've created this very unfriendly business situation with high taxes a very owner state tax with an u unexclusion for even for small businesses and family farmers, albany has squarely assault but at the same time our taxpayers at mercy of politicians and need to continue to fight to protect our taxpayers that's what we're going to be doing and next couple of days are dynamic fightings this fight. we'll keep in touch but, i mean, this is not done yet and we are nots done fight for some kind of relief for our taxpayers. >> claudia our people on the phone call i want to sew you
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real soon. thank you. now we have apple's iphone 10, released to o the public today demand off the charts -- and unless you preorders you'll be waiting weeks before you get your hands on one fear not we have one on the set and a full review for you coming up shortly. look who is next -- fox news weather all star janice dean dressed up for halloween has your trick or treat forecast. should i wear my sweater over my costume? [laughter] dream on folks. i'll be back after this. who knew that phones would start doing everything?
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>> and sure that was a better graphic than we crossed 21,000 in my personal opinion. spent money on that. and now ladies and gentlemen your trick ore treat halloween weather forecast from janice dean. who's oh it is raining cats and dogs is that your expression? >> smart that's why they pay you the big bucks. stuart: so i'm told where is it going to rain? >> here are temperatures not bad stuart. the good news is we toangt have any storm systems across the northeast. a little bit of lake effect snow across the great lakes where i'm from in canada snowing on halloween is not a big deal you get the costume a little bit too
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big to o put your snow suit underneath so snow across the great lakes and the potential for some snow across west texas, and the rockies moving into central u.s. the good news here, i've really mef done a forecast with a costume on so this is challenging so here we have future radar we see potentially snow showers across central pus. rain and maybe a thunderstorm for parts of the gulf coast states and then we also have that snow moving from the northwest so here's your spooky forecast -- as question get into this evening, again the potential for some snow showers across the the central. rain over the gulf coast. looking goods here in the northeast. stuart, if you're trick-or-treating tonight not bads. you might need a light sweater across northern rockies see potential for some snow but all in all not a bad forecast. i don't think it is really going to be rain cats and dogs too badly. >> that's good news last thing yowpght is e heavy rain for poor kids going out in the costume we like the good news.
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hey -- >> happy halloween are you dress are up stuart? >> no i'm in bed at 7 and kids arrive later so there you go. >> bah humbug. [inaudible conversations] >> we cued it up. janice thank you very much indeed. >> you're very welcome. >> later. okay we've got all kiengdz of individual stocks that are moving including free market they make oreo and numbers good gains. europe, latin america u pup 7.5%. we're going to ep a whole market higher as well. dow industrial is up maybe 20, 30 points s&p up about 5. nasdaq welcome technology up as well. boy have we got numbers to report for you, in four and a half minutes -- stay there please. watch your money grow.
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>> all right we've got 30 seconds to till that bell rings and we start trading back drop is some very encouraging economic numbers by the way let me point the way towards friday. that's had the big jobs report -- the economists who supposed to know what they're talking about suggest that we're supposed to get 300,000 maybe 400,000 new
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jobs reported. that would be huge. that would be very positive. i think that's the story of the day. the economy doing very very well also this story, u dow industrial average on the upside yet again as we open up trading session this tuesday morning and we have opened higher 20 point higher 17 point higher but open higher i see quite a bit of red, green and bias to the upside how about the s&p 500? broader base indicator on the upside about the same percentage level there .1% up but not much. how about the nasdaq their technology people a quarter percentage point higher that means that parking lot buying this morning is heavily concentrated in the technology sector. for example, apple the iphone 10 available to the public today that ladies and gentlemen, is all time high 168 dollars and 39 cents exactly one percent higher. other big tech names are going
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to be on capitol hill today testifying about how russia medalled in election and facebook is one of those they've got their lawyers there answering questions that's all time high 180 dollars per share. twitter is up 11:a share. google is down just a tiny fraction more on all of this in just a moment. political drama just about everywhere, if you saw all of the indictments yesterday, but the market is ig if mothering it that's the way it looks at this point. politics a mess. money getting up. ashley webster is with us elizabeth macdonald is with us. scott and mike murphy round out the foursome in that little box right there. scott general you're in london and you've been very, very negative and not very negative but he's been very negative let's be honest about it . if i said to you scott that doesn't appear to be any stopping these markets right now -- would you take me on? argue with me? >> no.
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because we've had any number of reasons for markets to slow down, i've given up back drop of a lot of cash out there but what has been good as of late is that it has been a broad based roif stuart. i mean we're start ising to see a lot of different sectors kind of show some green shoots of life. now i don't to get too far ahead of myself like the stock market has a little bit. but things are absolutely looking better, and two things that i really want to focus on are gdp pointing occupy that we've seen a nice trend there and labor participation rate they're telling me things are getting better and stock market is proving it. >> e by the way for all of our new viewers that's not the costume he's always dressed like that. murphy if i said the same thing there's nothing stopping the market you would say what? >> i would say that market is based on earnings right now you look at companies like general electric that has been trending lower jurnd under armour so
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punishing companies that aren't performing but big companies showing growth are reward like amazon and google and microsofts. so i think the market is fairly priced here and as long as xans can continue to deliver on earnings front we go higher. whanch do you say ash? ashley: sensitivity as to what's going on in d.c. whether you want to admit it or not. maybe they're phasing in corporate tax rates, that hurt the market. the market did not like the sound of that at all because it sound very, very watered down not what the market wants but rereacted. stuart: senator grassley on this show this morning said -- he's not heard any talk about any kind of phase-in. he doesn't like -- ashley: my point the market reacted. stuart: this morning let's go to big tech on your screen shortly there you have them some of those people in the big tech arena they're going to be testifying on capitol hill today about how russia may or may not have mettles in the election.
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no impact on the company what is so far. they may have to police themselveses in their use percent -- >> wait a second i just heard this whisper from london he's saying -- saying unbelievable what's unbelievable? is an absolute -- it's an insult to me to think that 150 dollar ad on facebook is going to sway my vote. i mean look at all of those states that were turned to donald trump. the middle america, the blue collar state are you telling me that these -- big tech companies with $150 ads from whomever were able toll sway those that's insulting unfortunately too many get their news from those websites but at the end of the day $150 snip it ad on a social media website snot going to change my mind. >> if it is a brand reputational thing so first ousts gates say there's no peak news on our site we have no problems to pack news in our site now 160 million hit
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with 80,000 plus ads and we've kamala harris, with and ron and rubio they have a lot of money from companies they're going to be grilling these guys today about it. >> here's why facebook just hit all time high mack zuckerberg is in beijing trying to convince china to let facebook in that's why this stock is up -- at 180 dollars per share. and you think it is going to a trillion dollar market count. >> i do i've said that on the record for some time now but china is a huge market stuart and they're not there. zuckerberg is trying to get facebook in china if they do, and they talk about earnings call tomorrow it is a huge, amazon type day per facebook. >> you have to wonder what the -- >> you have to wonder what confession he'll give in terms of china surveillance -- because the iphone ten makes a public appearance today, scott it is up -- it was up to 168, is this do you think they're going to see another leg up for apple shares
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now that question see the iphone 10. i think when you get into tech companies that have done so well these types of this type of news kind of goes to underpin rather than send things higher. i think it's be careful about, you know, by the kind of thing so i think these good things, news now underpins tech and then you'll have some sort of whiff of something new to come those are things that sends it higher not the actual rollout. rng apple has got a big competitor and they have a blowout and they pump up rise in that profit to nearly 9. billion and samsung is biggest memory chip maker looking like it is biggest smart phone maker despite fact that the leader was jailed for bribely charges in august and galaxy note 7 battery pex exploding, and catching if fire this company is on fire.
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so the revenue is up. >> not literally right. 10 billion profit in nearly -- and in three month yes, sir pep not bad check the big board it is pretty much dead flat with a flight bias to the up side and up four points as we speak. candy stocks look at them for halloween they're up not much. well apart from mondelez but that's a separate story strong demand for oreos that's a big game 6% and big numbers at the vp with a buy back program in place as well expanding it as a matter of fact. that stock is up 3%. by the way, at there are 40 a share it yields 6% dividend payment don't forget j.c. penney down big yesterday down some more this morning 1% lower 2.84. etna better profits loss for obamacare shh rinking it is down. better profit coming in at pfizer drug make or they are
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down 2.5%. better sales at kellogg and they are -- up 7%. you can't -- you can't tell can you. high per profit down goes the the stock. chghts the positive for the market this is efficient market if you rsm you're rewarded you miss you're punished stock goes lower that's what we want to see. >> show me mastercard because they came in with much better profits they're up $2. a dollar -- that's one and a half percent. jurngd jurngd armor all the way back up to $14 a share. >> i thought therm on a roll. shouts from london what are you trying to break in with? >> i was going to say -- you have a one it two% but if you miss on both you get punished by five to 10% so that's the precurious situation and a lot of companies find themselves in today.
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>> all it be those expectations which you hate -- but that's another story. but best buy -- now they're offering free shipping for holidays company look like they are feeling heat from amazon. free shipping for holidays. >> consumers today believe that's basic. not only same day but i want it free. i want free shipping. and i think amazon changed rules that other company have to play by. >> i want best buy to deliver a tv set to my house to install it with geek squad to walk away with everything working and i'll never turn the channel. >> so farfetched but i think you have to look when you talk best buy and amazon you have to include wal-mart because wal-mart is now solidly in that mix to deliver people goods they want on time real time, stuart. >> wall street journal reporting that general electric, their executives they did not tell their board until october it be that spare business jet. so now retired chief executive
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jeff -- are you touching g.e. at $20 a share scott? >> well, look you know, last time question spoke about it i think it was just above $22 a share i said all i had is a common sense approach. now last guy who left i won't say under a cloud but quick unexpectedly and -- furniturely left and department know what was behind his leaving number one and number two is new guy will come in to clean house right away. i think that they have more things to come out this is one of them and who knows what is next. you only lose 20 but at the end of the day there's a process here and you have to wait until you see the trend and it's not up yet. >> what do you say? >> higher than this $22 range and new krrk oh coming in kind of threw the baby the with a bath water. he cut earnings and saw from 170 down to a dollar ten and kind of putting all of the negatives behind him general electric i
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love activist share hold percent largest owners of this company stock not going away so epg there's a upside here in general election. fng you did buy some at 22 we'll leave it mike and scott thank you goods stuff this tuesday morning. all right, check that big board real fast we're down 3 point i call it a slight downside bias. mcdonald's making your next meal more humane coming up the details of its new slaughterhouse rule. president trump set paul manafort indictment nothing to do "campaign. judge napolitano might disagree. he'll make his case after this. hi, i'm the internet! you know what's difficult? adulting...
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apple will use intel motor chip in its iphone and ipads next year. big deal. mcdonald's changing its slaughterhouse if p guidelines you have to tell me all about this one nicole go ahead. >> companies very working to move to more humane standards and mcdonald's is no different and they're hoping that they'll be able to sell more of these chicken sandwiches going forward rather than having to raise the prices to accommodate and some new rules that they're putting on to o the chicken suppliers we're talking about -- tyson foods and cargill they want overall more friendly ways humanely raise, in fact, they're talking about having the chickens to have access to purchase, have clean coos, and overall just mandating a bird friendly standard and in addition to that, just humane slaughterhouses as well and with that, you are seeing the stock up slightly here. the other thing that mcdonald's announced recently was that mcvegan like a big
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mac but a vegetarian soy burger i don't know if you go tell the difference stuart varney if you bite into that big thing. we'll have to check that out. see if it comes to the stage. >> i'll check that out not because i'm a vegan but i like light weight food especially at mcdonald's. there you go. thanks so much nicole back to manafort indictment all rise judge andrew napolitano is with us this tuesday morning. you say the administration might be in big trouble down the road. spell it out. >> i think that the -- most treacherous path for the administration is not the two indictments but the guilty plea of papadopoulos because he has every incentive to provide them with information harmful about the president in order to save himself. >> you're assuming that he does have information which will be harmful to the president.
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>> based on my familiarity with the fbi not to the judge had they not corroborated even though part of the story is e i met a professor i didn't know who he was he was only interested in me after i told him i met this woman o. i thought she was a niece of vladimir putin all of these things that sound dagger like would have to have been peripherally and initially and confirmed by the fbi before they put this stuff in documents to be filed with the court. this would explain why he was arrested in july guilty plea in early october not revealed until yesterday what was he doing in those interim time periods july to guilty plea, guilty plea to yesterday he was downloading information from his head to the fbi and he may, he may have been reaching out to sol of the
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principles to see if they would speak with him. >> okay. now there's a question this morning about whether or not the president should maybe pardon anybody or fire mueller now senator lindsey graham he says quoting now that will be holy hell to pay if trump fires robert mueller that is roll that tape let's hear it from the sthart. >> i have zero concern that mueller is in jeopardy of losing his job i have to reason for him to be dismissed only reason is is for a cause and for some effort to do it without a good reason there would be holy hell to pay. >> if he does -- >> lindsey graham has a better handle on this than i could. probably say there are republicans who would be furious at this and they would take some action. i don't know what that -- that action would be. but the president's people, wise to look at history. at richard nixon problem were up considerably when he fired cops to have them be replaced by leon
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but president doesn't have to fire mueller. if the president ordered jeff session the the attorney general, to, in fact, uranium one, what the fbi and when had the fbi knew it who is central witness in that investigation? the head of the fbi at time and who was that robert mueller. he might have to resign -- as independent counsel, it would become a central witness in another ancillary justice department investigation. >> easy as that, the president could tell the department of justice jeff sessions it how ton fact, you call mueller as witness and resign from investigation. simple as that. >> unless there's something there i don't know about. remember these criminal investigations putting together very complex jigsaw puzzle governments to go a certain direction but pieces may take it elsewhere and sometimes reveal what is it has as a surgeon level of pieces that are ais acceptabled doesn't make sense to all of us until all of the
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pieces are there. is this making sentence >> it does make sense. well president can take some comfort this morning, in the knowledge that the criminal acts allege against manafort occurred long before paul manafort was the president's campaign chair. there is a nexus to other people not yet mentioned to referred to documents by names like senior campaign advisor person in charge and government doesn't indict from the top down. it indicts from bottom up. so who is next, these investigations will go on forever -- >> well they will always be -- never let them go away. >> and i share your concern that this is a disruption to the president's agenda. and the president'sing agenda has been rat if id by significant numbers of people perhaps even a majority of the congress. the next stop step on that agenda is meaningful tax reform
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and if attention is diverted it is unhappy tile in the white house. >> all right judge leave it at that but see you again in an hour and a half. jees. check that market still ever so slightly lower. dow is trading down two point reminder please big jobs report comes out on friday. the trump economy is indeed doing well. and you'll see that friday morning. check this out, apple's new iphone ten live here on the the set. the phone already selling out in china, just as tim cooke meets with china president in beijing more on that. more varney after this. we all depend on trucks.
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the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ stuart: now as promised we have the iphone 10 for you with mark spoonhour toms guide editor in chief you've had that ieg phone 10 for 24 hours you've been testing it out. >> yes. >> i can see from here that screen is a big deal. but tell me what you really like about it. >> okay actually i would start request that. it is about the design i think that's what's going to draw people in. they want a big screen, and something that is easy to use in one hand with a 5.8 inch call it a superretina display and camera is great these are pictures that i took as you said the audience can see, amazing clarity, and there's also great things well, also you'll notice what is not
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here a home button now you unlock phone with face recognition called face id for unlocking device for apple pay. >> worked every time for you. it has worked even in the dark. because there's ir sensor on the front now in very bright sunlight people are complaining like more than once to unlock your phone but i find it better than touch id if you have crumbs on your finger it is hard to log in. >> one more thing i have to sort this out you can superimpose your face on to emoji tell me. >> so this is called an emoji to put your face on all sorts of animated characters. this is one of them this is alien character as i move my face is mirrors my gesture and raise my eyebrows there -- [laughter] you can record this and it will send out to others. >> so wait come on. a thousand bucks for a phone that makes --
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raise my eyebrows. >> that's not the reason to get it but a value ad and people who want to use messages this is another way of making apple ecosystem more sticky you can send it to iphone or android owners to get jealous they don't have to future. >> what if you drop it or lose it? >> the screen replace. i think is like in the 250 range so not cheap. and there's also a new way to interact with it because there's no home button using gestures to do things like close up up app d overall camera is great and screen is amazing and like this. >> full review i would spend a thousand dollars on it and status kind of creature so i would buy it. now thank you verify indeed instead of hearing about the strengthening economy instead of learning about the big tax plan coming tomorrow. the media wants you to focus on -- manafort russia, donald trump controversies, here at fox business we focus on what matters. that would be your money.
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the return to prosperity, and yes, it is happening. my take on that, next. six in the morning. she thought it was a fire. it was worse. a sinkhole opened up under our museum. eight priceless corvettes had plunged into it. chubb was there within hours. they helped make sure it was safe. we had everyone we needed to get our museum back up and running, and we opened the next day. our recent online sales success seems a little... strange?nk na. ever since we switched to fedex ground business has been great. they're affordable and fast... maybe "too affordable and fast." what if... "people" aren't buying these books online, but "they" are buying them to protect their secrets?!?! . . . .
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discover how we can help find your unlock. stuart: picture this. the big tax plan is about to be released and the economy is showing more strength than it has shown in years but at the white house press briefing it is about the indictment about paul manafort. it was media frenzy. every single question hostile to trump. the media thinks it is watergate. the last question from our own blake burman. he wants to know about phasing in the corporate tax rate cut. finally someone asked a question about an issue that affects everyone. well-done, blake. we've seen this so often. this year, 2017, the economy began a solid expansion. we're going at what, 3%. wages rising. manufacturing making a comeback. business and consumer confidence have reached record levels.
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the market has gone straight up. i keep repeating this because some of our new viewers have not heard about america's turn around. we have a lot of new viewers. just wait until friday morning when we get the jobs report that was essential to trump's election, bring back jobs and create new ones. you may expect to see 300, 400,000 brand new jobs, best performance in a long time. you won't hear about it in the rest of the media. they will dismiss it as fluke, temporary boost, as texas and florida recover from irma and harvey. tomorrow, the media will call the tax plan a giveaway to the rich. we're very glad that you are watching us. we want to see america return to prosperity. we're not afraid to report on the trump growth agenda. yes, the trump market rally. blake burman will continue to ask the right questions at the right time. the second hour of "varney & company" is about to begin.
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♪ >> please clarifify stock market is moving downwards on the news that possibly the corporate could be phased in over several years. i wasn't sure if you were trying to make the president would be for a phase-in or against the phase-in? >> no i said the president laid out his principles. it doesn't include the phasing in. we're still committed to that moving forward. stuart: you heard it from blake burman yes as we suggested asking the only financial question during the white house briefing. first about new number, emac has new numbers on consumer confidence. liz: came in really strong, 125.9, better than expected. were looking for a read of 121. consumer confidence at 13-year,
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14-year highs. wages coming in record highs for the last month. the expectations coming in strong. household personal income and consumption too at record highs. stuart: that is the trump growth agenda period. the economy is growing. confidence is strong. jumped from 121. liz: came in at 125.9, way better than expected. stuart: thank you, liz. let's not hide this. good stuff. the market turned positive. only just. i have names moving big time. whoa, would you look at qualcomm down 6.8%. apple is considering dropping qualcomm components from future versions of iphones and ipads. bad news for qualcomm. intel however, going the other way up on the news. apple will use intel chips more. 17-year high for intel at 45. going the other way again. under armour down big.
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sales and profits slum especially in north america. under armour back below $14 a share. aetna considering relaunching a short-term insurance plan in line with trump's executive order, the stock is down two bucks. want to go back to my editorial top of the hour. fox news contributor steve cortes. steve, my central premises is this, the economy is doing very, very well. we're not hearing about it. the media is obsessed with nailing trump. are you with me on this? >> right. stuart, am i with you? my gosh like a preacher on sunday fantastic preacher giving us great news of good joy for all the people. that is reality on of the ground. the journalists lost in the acela corridor, can't get out of the bubble which they live, they don't realize out there in country, in this massive country between brooklyn and brentwood they don't know anything about,
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the economy is accelerating in every way. that is not my opinion. that is a fact when we look at economic numbers, we look at surveys, whether consumers, ceos, manufacturing indices. one thing i'm proud of the president, under the last administration, 50 million americans were on food stamps. that is absolute and it is a tragedy for our country. every month of this administration, every month those numbers have gone down. we're trending in the right direction. less depend send -- dependency and more prosperity for the country. stuart: apple and facebook hit all-time highs. what do you say about these technology stocks because they're making a run for so long, a lot of our viewers hold these stocks, they're thinking how long can this go on for? will you answer that question? >> right. can it go further if we get tax
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cuts. that is a big if. we have to get it over the bowl line. if the tax cuts happen, i hope they will, i hope senate senate republicans will get on board with the president's growth agenda. if they do i still think there is more upside for tech. you're right, they have come extremely long way. silicon valley is not a place that would hold a parade for president trump but they should for what has done for businesses. stuart: i am expecting the jobs report will show maybe 300, or 400,000 new jobs. you're in the financial world. you have to have a forecast. what is it? >> sure. stuart, i'm with you, at the top the end of the range what will we do in terms of a jobs report. there is optimism out there in the country, palpable, that is real. people are hiring. they're investing. they're spending. it is not where it should be, if we get the tax cuts done i think
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2018 will be absolute gangbuster year for the american economy and republicans politically as well. stuart: i am preaching tax cuts. i'm sure you're praying for them. i'm sure investors. >> thank you, stuart. stuart: u.s. forces captured a militant allegedly involved in the attack on the u.s. consulate in benghazi. the attack left four americans dead. the militant is mustafa al ama. what took so long for this to happen? >> barack obama administration took so long. we know how they explained it away with video. they never invested finding those responsible even though we had a general sense where they were. libya was a disaster they created but didn't follow through on. this administration is dedicated to doing what is right for the
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american people, including four americans that lost their lives because of the attack. our memory should be long and reach should be far and our justice should be vicious. if we captured him and i hope we're getting intelligence we need. we're not sending him to guantanamo bay. i wish we would be. it took so long because the obama administration frankly did not care. stuart: pete, will you deal with this i heard the left suggesting that the four soldiers who died in niger that is trump's benghazi. deal with it real quick, will you. >> absolutely and completely false. he has never -- the narrative that came out of that was about a phone call to a widow, not unwilling, this is mission we knew about in niner that is with well-trained troops, got caught in tough situation. ultimately not for a lack of insight or focus on what they're doing. no secret operations this is foreign internal defense
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assignments green berets get around the globe we never hear about to bolster our security so u.s. troops don't have to be there. that is total fast comparison. i would never buy it. stuart: thank you, sir. one more, tony podesta, democrat lobbiest, brother of hillary clinton former campaign manager john podesta, he is stepping down from the podesta group. he is under investigation by robert mueller. your reaction to that. >> he is doing shady dealings with paul manafort in ukraine for many years, part of the international swamp, influence-peddling in washington de. you spend anytime you get approached by a foreign government, happened to me, saudi arabia, lobbying firm will you do work. a lot of people fall into the trap. if your brother is the chairman of the hillary clinton campaign who is supposed to be the next president of the united states that helps you attract a lot of people including these russian business folks in ukraine as well as those tied to the
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kremlin. what you don't see from any of this, this collusion. the only collusion for paul manafort and tony podesta to enrich themselves based on international connections. none of this has anything to do with donald trump including the foreign policy staffer who pled guilty to lying. it doesn't add up to anything, only exposing how deep the swamp is, goes not just in d.c. but across the world. stuart: you know why you're popular, pete hegseth? you're short, sharp and to the point. >> keep preaching to me, stuart. stuart: i'm episcopalian, i can do this. tesla facing growing complaints from its labor force. wrapping up production of the model 3. what is going on? ashley: there is an issue that workers make the tesla cars that they will be under the gun because of model 3 problems getting this particular model up and running. they only produced 260 model 3
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cars, tesla in the second quarter. they were supposed to produce 1500. ramping up production. long hours, a lot of over time and consecutive davis. and numbers of injuries could indicate when they were making model x. same thing happened. long days. executive days. workers handed red buell, keep going, keep going. elon musk says we're entering into production hell. these are difficult cars to make. we added a third shift. we're trying to relief pressures on workers and we will get this done. but they're not unionized. the united ought coworkers set up a shop a mile from the tesla factory. trying desperately to get workers unionized. they claim anyone who hints of that at tesla is being harassed or even fired. stuart: despite a lot of negative stories about tesla, the stock stays way above $300 a share. ashley: what is interesting, people that have a tesla, love
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them. stuart: they do. ashley: they have created this almost apple-like environment. people just want in. stuart: goes back to what we were talking about last week, the allure of the electric car. ashley: yeah. stuart: the user experience is very, very positive. liz: chevy bolt review. stuart: that's right. chevy bolt. check this out. high-speed chase in los angeles. a suspect stole a police car. he is believed to be a psychiatric patient, who has quote numerous weapons. it is going on right now. that is in los angeles, california. there you go. check this out. year 2000 bmw-z8 owned by late steve jobs will be auctioned in december. jobs drove the car for three years. motorola phone expected to go, whole package for $400,000. here is what is next.
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it stands on its own. mondelez news, as you know they make oreos and a thousand thing. stock is up almost 6%. not bad. mondelez. i want to talk tax reform. details of the plan comes out tomorrow. kevin hassett chairman of the president's council economic advisors. sir, seems to me, the top 1% income earners will pay the same or more in the future. is that what is going to shake out here? >> we look forward as you do to see the complete plan. the president and big six completed to 35%. we said we're open a higher rate if it takes what it gets through to congress. stuart: this is a key question here. these making top 1% don't get any help at all, you don't
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stimulate the economy much, do you? >> i think you're right lower rates stimulate the economy. but a corporate tax side, would certainly benefit the 1% a lot because they own a lot of equities. stuart: talk to me about the delay and phasing in of the lower corporate tax rate reported by various organizations yesterday. really hurt the market. now senator senator grassley said he hasn't heard about any talk of phasing it in and he doesn't like the idea. what do you have to report on that. >> stuart, i'm not involved in the negotiations. i'm a lowly economist. i'm wearing my halloween costume. i'm dressed as a episcopalian. i hope you like it. i give you analysis what might happen. i think delay for the corporate rate could be a big negative for the markets and economy. i agree with that. stuart: it seems like you're moving heaven and earth to make sure wealthy people an investors
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get nothing. that is the way it seems to us at the moment. i mean we don't want that, do we? >> i agree that we don't want that and again we're waiting the complete plan. but if we get the corporate rate back down, what that will do, it will encourage firms to locate be a activity back in the u.s. that will be good for all americans. stuart: yeah, but when we get, is it shaping up the way i think it is shaping up, that the, top 1% doesn't really get very much? it is shaping up that way, isn't it? i'm pulling teeth here. >> i'm sorry, you're pulling teeth. but like that scene, in in "marathon man"? i can't talk because i don't know, i'm not involved in the negotiations. kevin brady is the more important chairman kevin in washington. he and his team are working on it right now and i look forward to seeing the details when you
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do. stuart: tomorrow when you see the details -- >> i will come back and talk about the economics. stuart: you know what the media will say. it is a giveaway to the rich. is it a giveaway to the rich? >> no, definitely not. there will be a big middle class tax cut. the corporate side will benefit u.s. workers. right now all the jobs are offshore and lower rate would bring the jobs home. stuart: just confirm for me, is there such a thing as a tax holiday, like a limited period of time of time where the corporate taxes really cut down there 5% or nothing, that is opportunity for those folks to bring that money back overseas? is there such a thing as a tax holiday being considered right now? >> i think the way to think about it, there are two things going on in the corporate tax bill. one they're considering a lower rate permanently for all future invests but there is also little short of $3 trillion sitting offshore, if they brought it home, currently under current law would have to pay 35% rate. for sure the negotiators are
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trying to figure out how to free up the capital to come home and my guess is, there will be a price for that ticket home, a lot less than 35%. that is one of the parts of big plan we're seeing tomorrow. stuart: i rarely torture men dressed up as episcopalians, i rarely do that, it was like pulling tooth. i understand your position. you can't discuss things you're not involved with. you're an honest man. >> i try to be. i try to be. stuart: come back soon. >> thanks, stuart. bye-bye. stuart: we have coal country, it is feeling the trump effect. not just getting coal out of the ground but making shareholders happy too. wall street likes the trump effect on coal. we'll be back with key details. ♪ nah. not gonna happen.
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stuart: did you know the coal industry is making a comeback? production and prices of coal are up and companies are making more money. jeff flock at a coal-fired power plant in illinois. tell us about it. reporter: look at the coal behind me here, that is the coal pile here. new life for plants like this and good news for another coal-maker, coal miner, that is arch coal. take a look at the numbers. they just came in this morning this company declared bankruptcy in january of 2016. third quarter, announcing a profit of $68 million a profit. they haven't had profits forever. that is up 11.5%. part of the reason what you outlined at start of the broadcast here this hour.
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that is the trump effect. it certainly ended the war on coal, and what the repeal of the clean power plant that had a real positive impact, if you look coal one year, production, up, i think it is up 7.8%. consumption flat. look what it was up until then? over the past 10 years, down 31% on production, down 35% on con sum is shun. so all good news. that is a chunk of coal right there, by the way, that we got at a plant in kentucky that is a big pile of coal back there. the war is over. stuart: very good story, jeff. $68 million profit for that country. good stuff. we'll see awe lit later. thank you, sir. tax plan comes out tomorrow. will the reach pay even more? will state and local taxes, the deduction be eliminated? will it? we're on it. back after this. at fidelity, trades are now just $4.95.
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stuart: the dow is up seven points now, 23,356. big tech names, apple, and facebook, both of them hit all-time record highs earlier this morning. they backed off a little bit. microsoft is at $83 a share. got an up grade. rent-a-center put it up for sale. the chairman resigned. the stock is down 4 1/2%. not good news there. dix -- dick's sports goods hit a seven-year low. part of the retail ice age. blake burman, he is noting northing it, he is joins us from the white house.
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blake, congratulations young man, you were the only one to ask any, any question at all apart from the indictments yesterday. reporter: right. stuart: well-done, fellow, well-done. reporter: appreciate it. the paul manafort news, no doubt about it, the former campaign chairman walking into fbi office and having a 12-count indictment slapped against him is major news. should be asked in the briefing room. there was the big story yesterday about the phasing in of the corporate interest rate or corporate tax rate rather, whether or not this might not be immediate day one or something down the line. i asked sarah sanders about it. she was asked at some point during the briefing, her response was not necessarily clear. i said look, bottom line, a phase-in, does the support it or does the president not support that? her answer was essentially, we laid out the principles. a phase-in is not part of the principles. the appears the president wants
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20% corporate tax rate on day one. stuart: that is what we heard from senator grassley on this program earlier this morning. senator grassley said he heard no talk in the senate about phasing out. if he did hear it he wouldn't like it. he wants 20% from day one. that is a plus for the market and investors. reporter: here is the bottom line, stuart. talking to folks here at the white house and capitol hill, no one has the final details on the tax bill. there is a lot of negotiation and speculation and rumor. maybe they are talking about it one corridor somewhere about this tax bill but the bottom line we'll find out about this tomorrow. stuart: yes, we will. you will be asking right questions. i'm sure you will. blake, congratulations. blake. you did real good. well-done. reporter: thanks. stuart: tax reform, gary cohn, steve mnuchin held a big phone call last night with house republicans from new york state. at issue, state and local taxes, whether you keep the deduction for those taxes that you pay. joining us congressman tom reed
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was on the call. he is a republican and he is from new york state. tough act as reporter for us, please, sir. they proposed knocking away the deduction for state and local taxes. did you tell them strongly that is nonstarter? >> yeah the message was clearly delivered and has for last weeks. the elimination of the tax deduction will not work for new york and other states. compromise we're looking at. we're having conversations late today, into tomorrow to get this fined tune for the american people. stuart: does it look like the 1% top income earners will pay the same amount in tax or even more after this tax plan? that is the way it looks to me. how about you? >> you know i think there is on merit to that. i think overall the goal is to lower taxes for everybody but at wealthy end, 1% if they have to stay in the same position they are in order to get it done for 99% of people, i will stand and
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protect those 99%. that is compromise we can live with, grow the economy. that 1% will do fine, more people get into the economy, more jobs are created, more growth. stuart: you will sacrifice the 1%, probably voted mostly for you, you will sacrifice them. >> i don't know, with district of average salary of $30,000, median salary of $42,000, i'm interested in protecting those individuals back home as my top priority. bottom line we can do this and we all win because when the economy grows, stuart, that is victory for everybody. that is what i'm trying to do with tax reform with our voice. stuart: congressman, a huge media storm yesterday, attention focused on paul manafort, mueller investigation, do you think this will dei la the tax-cutting plan? it is distraction obviously, but does it delay tax legislation? into i think we're all united in the house, senate, and white house to deliver this to the american people before the end of the year. we're on course to get that
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done. this is difficult, hasn't been done in 31 years. we're up to the task and time to deliver for the people back home. stuart: you voted yes on budget. i believe you did. >> i did. stuart: can i put you in yes column, probably yes on the tax cut deal? >>ing being on the committee i'm very comfortable where we're headed. we'll deliver reduction in taxes back home. stuart: congressman, you know a lot more about us than you can divulge to us right now, can you? >> we're fine-tuning as we speak. we'll let you know tomorrow. stuart: will i be happy? >> we'll all be happy because it's a step in the right direction, stuart. stuart: thank you very much for being with us tomorrow. big day tomorrow. i'm sure you will be back to tell us all about it. thank you, sir. got video for everyone. check this out, warren new hampshire. extraordinary stuff, a house carried away by floodwaters, slams into a bridge. more than 144,000 people in that state are without power after a
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storm yesterday. i think we have got the video. i was supposed to read the script later. okay. i messed things up. liz: excellent tease. i'm excited. stuart: i have to tap dance until 10:36. brian kilmeade is with us right now, promptly at 10:36. when you defended sebastian gorka on abc over the weekend. what did you say? hold on brian, hold on. roll tape. >> steve ban nan says sebastian gorka white supremacist. i never met steve bannon. but sebastian gorka, absolutely not. that is statement -- >> pry an. brian, when you say bright part is the home of the alt-right, which allows a white supremacist and charlottesville. don't you dare cover this up. >> i'm not covering anything up. they're not white supremacists. stuart: would you fill that out,
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brian. >> they're not. they're not. you saw the ed gillespie add. didn't like minority children and somebody in pickup was trying to run them over. that is out of control, calling people that don't agree with you white supremacists, is totally out of bounds. we're digesting accepting that. this isn't i'm a republican, democrat, liberal. to say someone is white supremacist, you're thinking kkk. there is nothing about sebastian gorka or steve bannon that is white supremacist. they are working-class people, they're more upset with wall streeters than they are with, with anything else in this country. stuart: brian, look, they controlled the media. the left has absolute control over the media. if they just keep on repeating it, white supremacist, racist, on and on. >> what would you have done, stuart? what would you have done if you saw five people on the panel nodding your head he is white supremacist. stuart: would done the same as
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you did, forcefully so. just as you did. that is outrageous. that is absolutely outrageous. you can't allow this myth to disseminate itself out there and castigate an entire administration like this. this is kallum any, if we remember that word -- calumny. on this subject, last word to you. to you. >> on this subject? give you my last word. my last word is this. i think it is boomer ranking, ad against ed gillespie, average american outside of los angeles and washington and new york. we never met with someone from kkk we don't hang out with people that look at minorities and make judgment statements. we hang out with americans. this is whole way of categorizing people is putting together pie charts and talking points and strategies to get people elected. that has nothing to did with the way we live. stuart: well-said, brian. tiger woods returning to professional golf.
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will play in a tournament in the bahamas next week. do you think he could possibly return to championship form the way the man used to be? >> i like it to get done. it was a prescription drug it seems. it is not a party issue. he live as solemn life. almost too solid. he reverse i had it had scandal, people said that guy need to be knocked off his high horse. viewers and listeners would love to see one more shot. what is interesting this this new generation great golfers are pulling for him. he motivated them to get involved in the sport in many cases. one of those golfers, i can't remember his name, said after he was captain of the american team, said that our mission, collectively is to make tiger great again. stuart: good. >> then he had the problem, he had injury and problem we all know settled the other day. -- stuart: he was fantastic. love to see him return to that i have to talk about your new
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book. it is called, "andrew jackson and the miracle of new orleans." give me a sense what it is all about. >> it's a american dream, you are an american now but you were once brit. you guys were the superpower, economic superpower, military superpower. you just defeated napoleon. you ran over us in the war of 1812. you burned down the white house, i'm still bitter and terrorized the whole atlantic coast. one general turned around the war. once the treaty of gen was signed. not only did we win, we killed him, wiped out half the officer corps in 45 minutes, protecting new orleans and documents in this book reveal that britain had every hope of holding new orleans and stopping america growing past the mississippi for 50, 100 years. we remember, stuart, great britain wanted to hold on to
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things. they gave up hong kong yesterday. they would have probably held on to it for a long time and ripped up that treaty. this talked about a great american, 13-year-old orphan, who ended up leading america in two terms as president, first and foremost as a major general. stopped number one fighting force in the world. stuart: i think you have another winner there, brian. congratulations young man. i with i will read it cover to cover. >> you always do, stuart. thanks so much. stuart: i do. thank you, brian. this is something we teased a few minutes ago. this is the video. warren, new hampshire. house carried away by a flood, slams, whoa, does it ever, slam into a bridge, utterly destroyed. dreadful stuff. then we have the media anti-trump fever, will it break? the member of the media who asked that precise question joins us next. ♪ copd makes it hard to breathe.
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as a result of the budget resolution. we have to fit in with what revenue raisers we have by broadening the tax base, compared to what we reduced tax rates, both individual and corporate. but i think it sends a bad signal if we don't go with the 20% corporate rate, being that the president started out at 15. we're down to 20. you can't really go below 23. d. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor.
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stuart: viewers of this case know that intel, the stock never went anywhere. had at this time a 17-year high, because apple will use intel modem chips in the apple ipads and that is a big deal. our next guest wrote an article about the mainstream media response, coverage i should say of president trump. the article is called, "will the media's anti-trump fever ever break? ". i want him to answer that question. gary abernathy, publisher and editor of the hillsborough times gazette in ohio. i don't think the media anti-trump fever will ever break. i think they hate him. do you think it breaks? >> i hope it does, stuart. first of all, thanks for having me on.
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as member of media for many, many years, all i want is fair coverage. i don't suggest they should give president trump easy coverage. no one wants that. it should be adversarial press, but what happened they crossed from the line from adversarial press, even from a left-leaning press, to become almost a political movement to themselves. i said in my article, they might as well get ready to nominate a standard-bearer in the next election. they have become the resistance. >> why do you think they're like that? i think it is personal. i think they detest the type of guy and the tone and tenor of this president. what do you say? >> yeah. i think that there is a lot to that. they do detest him. of course, he detests them. but you know what? when president trump attacks fake news, when he accuses the media of being unfair, and reporting fake news and so on, they really need to ignore that. they're the ones that need to
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rise above that and do their jobs and just, we depend on people being covered in a fair and balanced way, to coin a phrase. and they don't. i think a lot of them were so anticipating that hillary clinton was going to be the next president. they spent months planning for that. the first woman president. and when that didn't happen, they were crushed. and angry and that anger continues to show, to this day, stuart. stuart: were you surprised? you're in ohio, you publish a newspaper in ohio, president trump won ohio, was it five or six points i think it was? i thought -- >> i think eight points. stuart: yeah that's right. i was surprised by that. were you? >> no, i was not surprised by that you have to remember, when you look at ohio, you're looking at two distinct regions, northern ohio above columbus.
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southern ohio. northern ohio more liberal. southern ohio, more conservative liberal. i was writing in local columns, this is change election. people were ready for a change. hillary was a very bad candidate. people in ohio were ready for a change election. a lot of media people are coming in ohio, southern ohio. we have a japanese paper coming into hillsborough that i'm supposed to sit down in, everybody wants to come in like a visit to the zoo. they're coming to see, what is it about regions like this, what is it about trump support is. they're so out of touch, mainstream media in particular with people who voted for trump. they're trying to figure it out. i do have to say as "the washington post" i have been very critical of, they reached out to me to write articles to expand their voice as little bit. and so maybe that is a good sign. maybe there is an effort to try to recognize people outside of the beltway so to speak, or the,
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people in flyover country and figure out what's going on there. i hope they keep doing that. stuart: it is alien territory for the coastal elites and that's a fact but one last point. >> yeah. stuart: i think the media because of their attitude towards president trump has lost a great deal of credibility. i think you would agree with that? >> yeah, i do agree with that. they have lost a lot of credibility, they need to get it back. stuart, we need a fair and accurate press in this country. we need a media that we can trust. because with social media, with all these sources of information that we really don't know who we can trust around who we can't, it is more important than ever the mainstream media regain the bearings and becomes fair and balanced organizations we need them to be. stuart: gary abernathy, you make very good points. thank you very much for being on the show today. appreciate it. >> thank you, stuart. appreciate it. stuart: social media companies testifying this afternoon on capitol hill. this is about russia's
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medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions.
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capitol hill today, answering questions about russia's meddling in our elections. stuart asked senator charles grassley if those companies should be regulated. watch this. stuart: senator, some big names of technology will be testifying today about how the russians may or may not have meddled in the election. do you think that facebook and the other big names, should they be regulated? >> not at this point. i may come to that conclusion later on but at this point i think they're trying very hard to self-regulate, and self-regulations is better than government regulations. they are very important for our economy. they are very important for communication. we're going to be a stronger society as a result of it. we'll have more public policies discussed than otherwise would be discussed when abc, nbc, and cbs controlled 80% of the news, and so we're going to be a more stronger society, so less
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regulation. i would go by this rule. if it ain't broke, don't fix it. on the other hand, they will have to show us that they're going to make sure that our tools of communication aren't used by some foreign power to influence our elections. that's something we got to maintain credibility of our elections. stuart: senator grassley, thank you very much for joining us this morning. much appreciated, sir. >> you bet, thank you. hey, you every talk to anybody about your money? yeah, i got some financial guidance a while ago. how'd that go? he kept spelling my name with an 'i' but it's bryan with a 'y.' yeah, since birth. that drives me crazy. yes. it's on all your email. yes. they should know this? yeah. the guy was my brother-in-law. that's ridiculous.
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and nfl employee takes a cab, told the driver he is an nfl guy, the driver stops, get out, he says. i don't want you in my car. football fans not okay with the state of the game and there is more. the astros play the dodgers, world series in the tv ratings, the baseball game beat sunday night football 5 x 3,000,000 viewers. the anthem protests are not over in football continues to pay the price. anti-trump george clooney and leftist matt damon have put out a new movie called suburbi silicon opening the other night taking up paltry $2.8 million. the movie is about race relations in suburbia, another lecture. america is tired of this, politics in sports, politics in
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the movies. football fans don't like this intrusion and after harvey weinstein moviegoers are getting leery of the holier than thou preachers from hollywood. wait until the super bowl next year and wait for the oscars next year. can you just leave us alone and keep your politics to your self? the third hour of "varney and company" is about to begin. ♪ stuart: tell me. the beasty boys. while we are playing that music i will tell you this, world series game 6 tonight on fox, dodgers astros. to mark the occasion a piece of baseball history on this
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program. the only known jackie robinson rookie jersey up for auction. i will let you guess how much it is going for. millions. we will have the full answer on the show, and show you that extraordinary artifact. the big board moving up a little bit, 20 points tire for the dow industrials evenly split, winners and losers. apple and facebook at all time record highs earlier today, both report their profits later this week, apple continuing its journey north, 168, facebook at $180 a share. different story for under armor, taking a big hit, down 14%. weak demand in north america undermining that company down to dollars at $12 a share. no details of the plan, grover
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norquist, a nasty ceiling the top 1% of taxpayers, income earners will be paying the same or more in tax under the new plan. i don't like that. what say you? >> we should be going for the original commitment to cut taxes for everybody in the country. table try to fit a lot of tax cut in a box that is too small thanks to the cbo and the folks that do tax projections in the future. we need to move as much as we can but remember, we have a tax cut every year we have a republican house-senate and president, will be back with additional cuts but the alternative minimum tax, i believe you will be everybody's tax rate come down when this is
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finished. stuart: the current rate top rate 39.6% you don't think will stay, you think that is going. >> we will know tomorrow. as things get finished, at a minimum they will take that towards 1 million or higher which is a significant tax cut but the rate itself we need to move towards a single rate tax, not continue to have four five different rates. stuart: what about the deduction for state and local taxes? of that deduction goes away for people who are republicans in new york, new jersey, california or illinois will be paying a lot more in tax. you want to see that? >> the alternative minimum tax take that away, 95% of americans are going to itemize. an awful lot of the country isn't going to see any change at all. at the end of the day over time
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we ought not to be subsidizing corrupt big-city political machines by allowing you to deduct property tax or incompetent states like california which have a 13% plus income tax rate. the only way to get those down are take away the subsidies and the people of california and people of chicago it is their job to speak to politicians that put themselves in that ridiculous high tax position. we can't solve all the problems for people in new jersey, new york and california. it is their responsibility to tell their politicians to bring those taxes down. stuart: there was a report in the middle of the market action better 20% tax rate would be phased in over a number of years. i spoke to senator grassley who said there is no talk about phasing in in the senate and if there was he wouldn't like it. is it safe to assume we are going to go to a 20% corporate tax rate immediately, no
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phasing in? >> that is the plan. they will be bouncing around the next several weeks, speak to your congressman, your senator and make sure they understand, tomorrow they will go to it immediately, there will be pressure because there are other competing tax reductions, can there be more room for my favorite tax cut but tomorrow's plan should not be a phase in, very important economic growth. stuart: okay. i get the impression this is not the tax plan he would really like but the text when we got. >> a big step but a first step, we have a long way to go. stuart: keep plugging away. stuart: a new political ad, halloween themed, pushing donald trump to fire president obama's holdovers who are still in the bureaucracy.
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the ad call them the obama zombie regulators saying they are blocking trump's agenda. the person behind the ad, the president of americans for limited government. there is a big focus on richard cordray in your ad, the consumer financial protection bureau. why is he the focus? >> he is looking at running for governor of ohio and hold a giant cudgel over the heads of every financial service business and is funneling or is able out of those finds taking financing from prosecuted businesses and cuddling to third-party groups that are often left-wing third-party groups. we have a regulator who is untouchable by congress, congress doesn't control his budget because of the way the law was written and donald trump has cause to fire him because he -- his conflict is he has vested interest in
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getting groves to support him and those who don't won't get the money. stuart: can you give me other examples of high-level officials held over from the obama administration who are affecting policy now in a trump administration? >> the head of the f hfa, a former congressman has testified he doesn't have a plan for doing anything regarding unwinding of them or not. what we are looking at is $6.3 trillion worth of mortgages. we saw what happened over a period of time with them pushing low income mortgages out to people and there's a real problem, donald trump needs his person who understand housing policy and his perspective in that position. stuart: we are 11 months into this presidency, why hasn't the president acted if the obama holdovers are having such a
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negative impact on his growth program? >> i strongly think the challenge is he has a lot of challenges on his hands. an opportunity to get started the way most presidents do, doesn't help, fight for every single nominee through the senate without having anybody given a free pass. he is working hard to get it done but right now he needs to clear the deck and get rid of cordray and mel watt and move forward. stuart: where is that ad running? i guess it runs today but where? >> on fox and friends this morning we did limited release because we wanted the president to see it. to get all over the web, 20 different conservative websites around the web running it at this moment so i focused on conservative websites and the fox and friends placement. we will take it, thank you, much obliged. facebook on capitol hill today,
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what is the issue, 126 million americans saw news items posted by russians during the election season. judge andrew napolitano, is it more regulation of the facebooks of this world? tony podesta, big-time lobbyist and brother of hillary's former campaign chair quit his lobbying firm as manafor it is indicted and we will get the judge's take on that as well. quick check of the big board moving up gradually, 27 points hire, 23,000375, more varney after this. ♪ ♪ hi, i'm mindy kearns. it's great to finally meet you. nice to meet you too. your parents have been talking about you for years. sorry about that. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking.
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he will visit japan, south korea, china, vietnam and the philippines, returns on november 13th. of note the president will not visit the demilitarized zone in south korea. big tech names testifying about how russia meddled in the election testifying before congress. judge andrew napolitano with us. can or should the facebooks of this world be more regulated by the government? judge napolitano: not a question congress can answer. if it is up to congress they were regulate anything. stuart: i'm not asking congress, i'm asking you. judge napolitano: the first amendment insulates them from regulation because they are a bulletin board. they just post what people put their. to monitor themselves they do a lousy job of it. i know there are barriers to entry, someone else will set up another bulletin board and decide. stuart: they are a virtual
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monopoly. that is a virtual monopoly. judge napolitano: what anyone trust the federal government to regulate speech. the first is to permit the viewer to decide what to read and listen to, not the government to make that determination. stuart: this is off the top of my head. before any political thing runs, a news item runs, a little caption comes up, this was paid for by the russian government or by vladimir putin. judge napolitano: they will never reveal who they are. if you were in it it was like this, this was paid for by j and h incorporated which would be a shell company owned by another shell company owned by another shell company and by the kremlin, they will never reveal who they are. you are giving a false sense of security by such a requirement. can you imagine an ad that says
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this was paid for my vladimir putin? we don't want to see it and i don't know that he would want his name on it. stuart: i will take a look. what you are saying is you can't do it, you can't regulate it and. judge napolitano: you have to rely on americans and groups of americans to say that is fishy, let's investigate it or let's not accept what it says at face value. congress has put his finger on the problem but it is tempered by the first amendment. stuart: tony podesta, brother of the man who ran the campaign for hillary clinton, he has quit his political company just as paul manaforte is indicted. is this leading anywhere? judge napolitano: don't know where it is leading but there is a connection, they both represented the same client, the government of ukraine under
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its pro-russia regime that was kicked out a year and a half ago. they both had the same claim. what does he know and how much money did podesta receive? not suggesting there is any evidence of this, he has not been accused of any crime but did he receive his money through -- according to a federal grand jury, unlawful root that manafired chose? stuart: why is he being investigated and now indicted when the brother of hillary's campaign chair went through the same company. judge napolitano: we don't know if he is being investigated. received a letter from the independent counsel saying show us some documents. we are not limited to investigating republicans, we are investigating anyone who
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facilitated and influenced by a foreign government in the presidential campaign of 2016. your guy presented the programming crowd. stuart: you think it is possible to clintons will be drawn into the manafor to -- judge napolitano: i didn't go that far. it is probable bob mueller is beginning to move -- study with podesta. stuart: do you think he should move in that direction? judge napolitano: yes. the justice department moving in the direction of investigating mrs. clinton and uranium one, a bribe, enough to be investigated earlier this morning. stuart: what is a presidential candidate and a secretary of state doing accumulating a $2.5 billion foundation fund before she becomes secretary of state and before she's a
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presidential candidate? what do you need to and a half billion dollars for? judge napolitano: the majority of which has not been spent on bona fide charitable entities. let me add that to your question. i don't know what the answer is but there are a lot of people investigating as we speak. some out of the government, some in the government, whether the clintons have the lawful authority to collect tax-free dollars from all the wealthy individuals and foreign governments that put money into the clinton foundation, to influence government policy in the years mrs. clinton was secretary of state. stuart: if i call it a slush fund can i be sued? judge napolitano: know and i will call it a slush fund with you and we are being charitable. stuart: thank you very much. shake shack, look at that, adding chili to its menu. that is a 2% rise that started today.
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you can get it on your burger or a hotdog or smothered on your fries. i like this idea. judge napolitano: go to mcdonald's and shake shack. i have seen a picture of both. stuart: a picture of me eating of vegan burger. judge napolitano: a paper napkin tucked into your -- stuart: this is a bmw once owned by steve jobs going up for auction. wait till you find out what it is worth. it is not an iphone. it is halloween. i don't get that. that was written for me. judge napolitano: i'm laughing because i like to laugh. stuart: we will be back. ♪ ♪ thriller of the night ♪ and no one will save you from the beast about to bite ♪ you know it's thriller ♪ thriller of the night ♪
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three years later. the expected bid for the car could go as high as $400,000. there is a shortage of property in france, supermarkets running out, can't pay for it. poor weather, not enough cow feed, slowing exports from new zealand, increased global demand all factoring in. the price of a unit in france, 220 pounds of butter up $200 per unit since january. france is the number one consumer of butter on this planet. 1800 pounds of it consumed per person. a low heart attack -- check this out. new video from warren, new hampshire, the house carried away by a flood slams into a bridge, utterly totally destroyed, new hampshire, 140,000 people lost power after a storm hit yesterday.
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check the big board. we are up 29 points, 23,00377. apple and facebook hit all-time highs. apple is still there, facebook hit $180 a share earlier this morning and by now we do know the left-leaning media is all over paul manaford and donald trump but what about hillary clinton? all-star washington dc reporter james rosen next. hey hun, huh! we gotta go. come on. ♪ "grandma! grandpa!"
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that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you.
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call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ stuart: justin bieber. nobody has told me. happening right now donald trump meeting with several industry groups talking tax reform, national association of manufacturers in the middle of it. that guy will join us tomorrow, the president keeping the business community on board with the tax plan ahead of the release tomorrow. you can bet they are going to
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ask him about any chance of phasing in over a period of years the 20% corporate tax rate. that is very important. check the big board, up 27 points, 23,00376, even split, winners and losers on the left-hand side of the screen. look at the big technology companies. apple and facebook hit all-time record highs earlier today. apple still at an all-time high, 16878. facebook hit $180 a share. earlier this morning in today's session. scott martin is with us. i don't want to talk economic optimism or the economy. i want to talk facebook and whether it will go further up from here because it had an extraordinary rally so far. >> like we talked about last thursday, shameless plug about getting into these tech companies, amazon, microsoft and google, facebook and apple, if you admit the train on these
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names, facebook and apple, earnings coming up thursday i would get in now because i believe they will take a lead from other tech companies we will follow, blockbuster results and go up. stuart: i am talking long-term, granted we will get short-term results thursday night. if you buy facebook today, you buy this thing and hold it. that is your story? >> you could trade it if you like moves, facebook is a long-term hold as is apple. think about your daily life, facebook, how much you use your apple, totally integrated on a day-to-day basis, everybody knows that, facebook all over mobile with advertising, that is why you should on those stocks.
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stuart: tell me more about apple. the iphone 10 appears today, the preorders in china are monumental, huge. it is true all over the world. would you buy stock at a record all-time high right now? >> if i had a couple extra dollars i would. what is funny about apple, we discussed this before, it is not the pricing power apple has, the iphone 10 is costing $1200, these are phones, things that are part of our lives, someone brought up an interesting point about their phone. why wouldn't i go out and spend $1200 on something i use more than anything at all during the day, that is where apple is integrating, a lot of people want that. stuart: don't drop it. >> that thing is so slippery i drop my phone all the time and the screen doesn't break and i don't have a case on it.
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stuart: as of right now, $168 a share apple's value is $872 billion as of right now. facebook 179 valued at $522 billion so here is the question. which of these two stocks is the first to get to a trillion dollar valuation? >> i will take the easy route and say apple but if you look at the growth rate it is obviously faster so put it this way, apple will be first with facebook won't be far behind on the next trillion dollars. stuart: liz is saying google otherwise known as alphabet currently valued at $710 billion. liz: it only took 139 days, apple took four times longer. i am saying alphabet.
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stuart: you say google and scott says apple and mike murphy said facebook. the stakes are very clear. scott martin, see you again soon. john podesta just tweeted this, not bad enough i was the victim of a massive cybercrime directed by the russian president, now i am the victim of a big lie campaign by the american president. donald trump seems a lot more worried now than july 2016 when he asked the russians to hack our campaign. john podesta's brother quit the political firm. chief correspondent james rosen, this is just breaking, do you the hillary campaign has a lot to worry about with these investigations into russian meddling?
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>> not as much as the podesta group. john podesta's brother did announce yesterday he is resigning from the head of the firm that carries his name chiefly because it was reported last week that the podesta group had come under the lens of robert mueller and his team. in the indictment yesterday for paul manafor donald trump's campaign chairman. the company of the podesta group was listed anonymously as company be for having shared $2 million in funds for lobbying work for the same ukrainian interests mister manaford was representing which was laundered through offshore accounts. it is worth noting neither podesta has been charged with anything and mister manaford entered a not guilty plea yesterday. stuart: following the indictment of paul manis a before do you think donald trump has anything to worry about as the investigation of russia goes forward? >> mister trump had something to worry about the minute a special counsel is appointed and grand juries impaneled because any time that happens
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the plane of action in washington shifts 45 °. many people on your staff will have to get lawyers. it will represent a time and asset drain. on that basis alone the president has something to worry about. as of may when mister mueller was appointed. the indictment of paul manzo aford and his associate rick gates as we have been noting do not mentioned donald trump, don't reflect any activity paul manzo baeza before it carried on when he was chairman of the trump campaign. it has to do with his lobbying work in previous decades. however, the fact is mister mueller might be using his ability to probe many different matters including the tax returns of paul manzo baeza before to a decade ago to compel testimony on matters more related to the russia collusion angle and on that front as well we learned yesterday mister mueller now has a cooperating witness in this low-level trump campaign advisor george papadopoulos.
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one point on that, the story of government and mister papadopoulos who is a state witness came under attack from the man identified as the professor esther papadopoulos met with overseas and according to the statement he signs promised to put mister papadopoulos in touch with people with dirt on hillary clinton and thousands of emails, that professor has been identified by the telegraph in london as joseph massoud who has given an interview in which he said it is incredible for anyone to suggest he was privy to any information on hillary clinton and a laughingstock that he introduced mister hubbard double us to a woman identified as the niece of vladimir putin was professor doesn't have a well-defined resume online. he's very supportive of the vladimir putin regime but the first challenge the story the government laid out yesterday. stuart: we described you as our
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all-star dc reporter. only you can cut right to the chase. you are all right, don't care what they say. >> i will take all-star over you are all right. stuart: thank you very much. our next guest has a show called dope man. it takes the opioid epidemic head on. my next guest is a recovering addict, ex-con who lost his son to a heroin overdose. tim ryan is with us, welcome to the program, good to see you. i will get to the book. i want to know from you directly how did you get off opioids? >> i was sentenced to prison and had to kick in a prison cell but i had opportunities, i will use my son that passed away, we had treatment six times. if i had known i could have
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gone to rehab.com that was transparent to where i could find the right resources for him out of the gate. probably would have had a better chance. stuart: what are the right resources? you were in a prison cell and couldn't get the stuff you were craving. >> i had the willingness. the problem is people don't know where to go for treatment. they search a sites, it is drilled back to a specific treatment center. having a transparency, three types of families with no insurance, medicaid or medicare, families have good insurance, everybody should have the opportunity to get into treatment. stuart: you will ask this question, of all the different ways of rehab. what do you think is the best method.
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stuart: i you sent away? >> get away from people, places and things, i work for a treatment center in florida. stuart: how long are they away? >> 30, 60, 90 days minimum. it is a long-term sober living community. we could talk for hours on this. 12 to 36 hour window to find it bad for them and the people, a 12 to 18 wait. people are dying, too many people are dying. stuart: from dope to hope is the name of the book, right in front of me on sale now. >> on amazon.com but that is my story. i didn't candy coat. my son passing away, tomorrow i will be 5 years clean and sober. i was a successful business
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entrepreneur. that is what we are trying to do is offer the true solutions so people get the right resources to get into treatment and the second time they get it going 6, 12 times. stuart: you are a good man and i will read your book. stuart: democrats, and chasing down the numbers of children. all for an election attack on the republican opponents. is invalid? is that legitimate? we are not ignoring good headlines, the economy looking up, strong growth, good stuff, we expect a solid job number friday and hopefully a tax plan tomorrow. we will see about that. more varney after this.
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stuart: talkshow host wendy williams passed out on the halloween episode this morning. very shaky. producer rushed to her side. the show went to a commercial break. williams came back on camera after the break, not a stunt, she said she was overheated and that statue of liberty costume. she came back, she is okay. new campaign ad in the virginia governor's race depicts the gop candidate supporters as a bunch of white supremacists hunting down minorities. watch this. >> run, run, run! come on!
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stuart: i find that astonishing. larry elder, that was a direct attack on a republican candidate in that fashion, i found it disgusting. how about you? >> one of the many reasons a lot of people don't go into politics. it was a hard-hitting ad. discussing? do you see the ad by the opponent, ed gillespie, farmer chair of the rnc who ran four as the linked his opponent immigration policies in his mind to mf 13 so both sides are doing it, it is a legitimate issue whether or not if you are proto-filial immigration policies they will prioritize people who get deported and if you are soft on immigration whether you bear some responsibility for bad guys in this country. stuart: it is being repeated over and over again, republicans are racists, white
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supremacists and asking sticks. i'm not happy about that. are you? >> i'm not but i don't think it will stick with one of the that is people will react to them. it is over-the-top, they are watching television seeing a white nationalist parade. we don't know if these children of color are here illegally so the ad has problems but some on the other side, i am soft on immigration you will link me to ms 13? what ed gillespie is doing which is surprising because this is a guy who is 5 of the rnc was talking about being more moderate, peeling more towards hispanics. he has on a 180 on what he used to say. these are legitimate issues and a difficult swing state like virginia it is hardball. it is called politics, don't like it, don't go into it. stuart: fair point. in southern california hollywood having its worst october in more than a decade, matt damon george clooney movie bombed over the weekend.
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i think people are sick of politics in their movies. you are not going to disagree with me on that? >> not in the least and we are seeing this hypocrisy come all these people that trashed donald trump for his alleged bad behavior engaging in bad behavior, people are sick of it and that is one reason people are not going to the movies. stuart: i got to cut it short but as i cut it short about this. in a moment we will show our viewers a multi-million-dollar piece of baseball history, the only known jackie robinson rookie baseball jersey going up for auction. i bet you wish you were in new york city as of right now to see it firsthand, don't you? >> i really do. i had the pleasure of being indicted to the world premiere 42 and the actor who played jackie robinson. jackie robinson was a hero. a real legitimate hero who served in the military. he was a hero.
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stuart: now this. chris iv, this gentleman here with heritage auctions has sports memorabilia with one item in particular i have been waiting three hours to see is this. that is the 1947 jackie robinson brooklyn dodgers color barrier jersey. is the correct? only one of its kind. >> the only rookie year of jackie robinson known to exist. stuart: that is real history. what else have you got that goes with that jersey? got a picture? >> this is jackie wearing jersey, september 23, 1947, jackie robinson day, the day after the doctors quenched the pennant celebrating jackie and presented him with this cadillac. stuart: that is to prove that
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is a bona fide jersey, no other from 1947. >> the only one that survived, the letter from from rachel robinson talks about how jackie brought this jersey home after the 47 world series. the only reason we have it, to keep personally. stuart: in perfect condition, i am not allowed to touch it. how much do you think it will go for? >> this crosses over from sports collectible into american history. stuart: 3 million plus is your estimate. i think you will get it. i want to show this, the scorecard. from his perfect game. >> from game 5 of the 1956 world series, yankees, dodgers, again, 97 pitches it took
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larson to go up and down the dodgers batting order three times in a row and find it with larson at signature and it was done by the new york mirror, the official scorer for the yankees. stuart: 1956. i was living in england, i was 8 years old, i remember that coming on the news on the bbc. don larson through a perfect game. i didn't have a clue what they were talking about. how much? >> 20,000 plus so it is a bargain. when with the oxen taking place? >> live, it culminates on sunday, november 19th. stuart: chris iv, you are all right. it is great stuff. there will be more varney after this.
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president's meeting with business leaders. its about tax reform. number one, he wants the house to pass a bill by thanksgiving. number two, he doesn't want the corporate rate to be phased n hopefully not, is what he said. neil has more on this. it is yours. neil: thank you very. the grover norquist was very receiling to you. i will try to put a lipstick on a tax cut pig. not turning out the way they wanted to be. but to your point, stuart, better than nothing. president is holding a tax reform meeting. at that meeting representatives of the national association of manufactures, u.s. chamber of commerce, business roundtable. tomorrow we get a lot of details. where the brackets kick in. whether there is additional bracket for folks like charlie gasparino, et.al. we have a pool spray later from the white house and the meeting. blake, what are you hearing? reporter: every two or three weeks, we have the president with
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