maria: great show, everybody. thank you so much for joining us, all-star panel. seize the day. stuart: we do every day. maria: i know. stuart: thanks, maria. obamacare reform comes roaring back, tax cut schedule getting more tight and investors, well, they are getting worried. good wednesday morning, everybody. maybe triple digits down on the dow by the time the market opens and it is a pretty much a broad-base decline, those big technology companies, they are pulling back, all of them now well away from their recent highs. why this selloff? okay, two reasons for you. first, the senate has attach today repeal of the obamacare mandate to their tax plan, they

have the votes to do it, that's great, but the house does not have that repeal in their tax plan which means it will be more difficult to reconcile the two. second, the price of oil down again, that's because we are using less of it and that may mean our economy is not as robust as we thought. remember, please, this is where the political sausage-making gets intense and a little nasty. look at this. new york congressman peter king, here is the tweet. from sandy aid to tax reform, mick mulvaney tries to screws new york. probably feels inferior because he subsidizes his state of south carolina. roy moore still a complicating factor even sean hannity told him, you have 24 hours to refute charges against you or get out of the race. political pace is picking up. watch those markets.

varney & company about to begin. ♪ ♪ stuart: president trump back home from asia claiming victory, classic trump. here is the tweet, quote, our great country is respected again in asia, you will see the fruits of our long successful trip for many years to come. one of the fruits is this, china is sending a top envoy to north korea a week after president trump pushed for action. again, that's one of the fruits of the visit, more on that coming up, of course. back home, president trump tweeted that there is a big announcement, we don't know what it is about, we don't know when it's coming, but i will tell you this, 24 hours from now he will address house republicans right before they vote on their tax plan. let's get back to your money, that's the lead story of the day, really, another down day

for the market, when it opens less than half an hour from now. liz peek columnist is with us this morning. i'm not interested in why you and i think the stock is down, i'm interested if you would buy? >> sausage-making on getting the tax bill to the finish line, and i wrote something and the lead was buy on the rumor and sell on the news and that's what people are doing on the tax plan. people aren't as thrilled with it as they thought they would be. the new thing, plopping the repeal of obamacare mandate is incredibly positive. goldman sachs as you mentioned has upped the probability of doing going through because all of a sudden the senate has 300 plus billion dollars to work with and going back to comments that you cited on the house side, the house -- for the house

the salt, the state and local tax deduction is a very controversial thing. i think you now have $300 billion and to limit the impact of that. i think there's a lot of churning that's going to take place but i think it's going to happen. stuart: you're right. goldman sachs has come out and said there's an 80% chance that the tax deal will get done either this year or very early next year. >> right. stuart: that's upping the likelihood of a tax cut. >> it's not like the original efforts to toss obamacare altogether. there's a measure that will be going to the senate that basically keeps the csr payments, payments to insurers in place. this is so complicated but the losses of the individual mandate, the answer is i think they kind of have a good idea and a much better idea than they had before. stuart: you say yes, you would buy the dip?

>> who knows if it's a one-day dip or two-day dip. i do think that's what it's all about and by the way, you have roy moore situation. if they lose the situation, the pressure to get this done ahead of time is more intense. stuart: that's very true, actually. get it done. we are still down 118 points despite your best efforts. >> i'm trying. stuart: yes, you are. [laughter] stuart: seems like everything was lining up to get the tax reform squared away and then came in the senate attaching obamacare reform in tax bill. that complicates the house senate get together which has to happen very soon. come on in, please, republican from georgia, sir, welcome back, you're in the house, would you accept the obamacare mandate repeal? >> i absolutely, we had been pushing for this for a long time. i disagree that this is going to create a conflict between the house and the senate. i think it's going to be greeted with open arms in the house and the fact that it's probably going to get more people on

board with a tax plan that otherwise had some little bit leery but this is going to help get it over the whole line for sure. stuart: it's still an extraordinarily complicated and it's got to be really fast-pace get-together between the house when they pass their bill, the senate when they got theirs, have to get together and get something, it's really tight, isn't it? >> well, it may be, what we have is an opportunity right now to really deliver to the american people what we said we would do, not only on tax reform but at the same time obamacare, i mean, this has not only the right thing to the american people but politically enormous potential ramifications for the republican party. stuart: by the way, i'm sorry to interrupting you, sir, paul ryan just said moments ago that the house would probably accept a tax deal which repealed the obamacare mandate. the house will probably accept that which is exactly what you've just said. >> yeah, i think the probability of that is extremely high to be honest with you. stuart: okay, it's not moved the

market by the way, i thought that was pretty good news but we are still going to be down about 100 points. congress plan, i'm sorry i kept it short but we have a jam-packed news day but i have to move on real fast. >> thank you very much, you bet. stuart: more problems for roy moore, republican of new york tweeted this. it's about that time for that creepy roy moore dude to exit stage left. he should step aside and let someone take his spot on the ballot who doesn't prey upon teenage girls as a grown man, ouch. sean hannity giving moore an ultimatum. >> you must immediately and come up with satisfactory explanation for your inconsistencies that i just showed. you must remove any doubt. if you can't do, then judge moore needs to get out of the race. this country has way too many issues and problems.

stuart: all right, we heard it clearly there. joining us charles, washington times political columnist and fox news contributor. drum beat is getting louder but you know i'm not too sure judge moore is going to step aside. >> i think you're right, stuart, the thing that has been appealing about the guy in the past is that he doesn't care what anybody thinks but now that we find out these things, accusation that is have come out that are just absolutely reprehensible, he still doesn't care what anybody thinks. i agree with you, but i applaud hannity, i applaud everybody for putting pressure on him to get out because, i mean, when i read the story the first time and read that the accusations that that woman leveled, it was chillingly -- it seemed to be very accurate and very -- it was very disturbing. stuart: yeah. >> the fact-but i think the

other thing about this is that the washington post, no one has abandoned any effort to cover politics or politicians specially republicans or conservatives with any hint of fairness. they've so destroyed their own reputation that even with the blockbuster story like that, people are still sort of, well, i don't know if it's true or not. stuart: fair point, charles. one last for you, the election is december 12th in alabama, i don't know who is going to win but i'm assuming -- i don't know who is going to win, but it seems to me that the house and the senate have to really get a move on so that they've got this tax deal signed, sealed, completed and delivered before december 22nd when roy moore or the democrat takes their seat in the senate, what do you say? >> that's the one good thing about all of this, it puts a hard deadline on republicans in congress, but i don't rule out the possibility that roy moore could win and -- but if he does,

it is a complete denunguation of the left-wing mainstream media today. stuart: charles hurts stay there, thank you very much. right now i've got news on amazon, yes, there's always news on amazon but here it is. dumping plans for a bundled streaming service. liz, does that mean -- that doesn't mean they are getting rid of the prime members streaming services? are. >> no, we are going a la carte, people are paying for what they want. unwatched channels on cable and so what happens was amazon thought, we will come up with skinny bundle, 140 channels, $130 a month. they realized you know what, it hit profits, people really don't want it and that the cable networks are saying, you have to take weaker channels along the ones that you want. this is the future, this is what people are doing now. they are buying tv antennas,

pointing out their windowing and streaming, amazon is saying, this is the future. people want to pay for what they want, they want a la carte. channels like discovery communications are using them to test drive streaming. stuart: once again, amazon is out front of a big trend. liz: yeah. stuart: that's fascinating. more of that in a moment, papa johns, pizza apologizing for criticizing the nfl anthem protests, remember, big advertiser and the nfl has been losing ratings because of the protests, why did they need to apologize for heaven's sake? we will answer. americans in zinbabwe, military taken under and president under house arrest. six terror-linked foreigners including the man who killed eight in the truck attack in new

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stuart: another amazon story. amazon and whole foods market announcing lower prices on additional customer and holiday favorites, whole foods say prime members will receive an added discount on organic and nonantibiotic turkeys throughout thanksgiving. got it? the trump administration, let's get serious, the administration says six terror-linked foreigners entered our country through the diversity lottery. all rise, napolitano is here. what do you think of it? it has to go, it has to go? >> before you say it's got to go, let's look at what it is. it doesn't guaranty you a ticket in if you win diversity lottery. it gets you to head of the line, you still have to go through vetting. the fault hire is the obama-dhs

which fail today vet these people properly. stuart: no, no, wrong. [laughter] stuart: no. ashley: next. stuart: these diversity visas are allocated towards country which don't send many immigrants here which are predominantly muslim. >> it doesn't matter. it's not properly vetted, it's the fault of the government failing to do the vetting. it's not the fault of the government for getting the person on line. if they failed the vetting, they don't get in whether they win the lottery or not. stuart: how do you vet people from whatever it is -- >> however the government does it's vetting. i don't know how the vetting works. i know that president trump has ordered more extreme vetting, that's what we should have been doing all along. stuart: you're off to a wishy washy start, let's see if we can

get to something serious. [laughter] >> stuart: the senate included obamacare repeal mandate. that goes, i think you'll agree with me that destroys obamacare? >> it does because the only way the supreme court upheld obamacare was on the theory that it is a tax, that's the failure to comply with the individual mandate the government adds to your tax bill, therefore it's a tax. if it's not a tax, there's no constitutional basis for it because in that decision, 160 pages long, there's a 5 to 4, chief justice roberts and the four conservatives ruling, congress cannot force you to purchase a product, but congress can tax you if you fail to purchase it. if the tax is gone, the statute is gone. this one liner in the tax bill, getting rid of the obamacare tax penalty could constitutionally undermine and invalidate all of obamacare which the republican

congress has three times failed to do during the presidency of donald trump. stuart: so if this is successfully attached to the tax bill and goes through reconciliation and it is voted on, obamacare -- >> theoretically, yes. there has to be another challenge in the courts, but if the court to which the challenge is made follows the supreme court decision on the affordable care act in june of 2012, it will invalidate this thing and donald trump would have succeeded marvelously in accomplishing something that nobody thought could happen. stuart: that's better, judge. [laughter] >> now you're glad i'm here. stuart: i hope you come back to the 11:00. >> if you invite me. [laughter] stuart: happy show. thank you, judge. listen to this, china says it will send a top diplomat to north korea, first time they have done that in two years. i think that's a big win for president trump. i'm going to call one of the fruits of the asian tour.

more varney after this.

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stuart: you know, we haven't checked the price of all the gold coins you offer today grandchildren. let's do that now. we are up 3 bucks as of this morning. china is sending a top envoy to

north korea. this comes a week after president trump pushed for action on his asia tour. charlie hurts, still with us, charlie, there's no way they are going to be singing kumbaya. i think the chinese envoy will be laying the law. >> i don't think donald trump got credit with his ability to work with foreign leaders, the thing that's so valuable about him is he's so unpredictable. all of the regular, you know, rules of diplomacy and he just sort of says what he thinks and i think that that gives him such a tremendous advantage because china actually doesn't know what he's willing to do, what he's capable of doing and that puts enormous pressure on them to make -- to sort of solve the situation themselves so that america doesn't have to solve it for them. stuart: i've asked you this question before charles, and i will ask it to you again, do you

like this? a president says what he's thinking of it and gets on with it. [laughter] >> after decades of politicians doing everything the exact same way and expecting i guess a different result but never getting a different result. having somebody that's this different, it's been a little rocky, sometimes he says some things that some of us cringe over, but my goodness, it's such a breath air. stuart: we will never get used to it. three more years of this to come, no reason to believe that president trump will change one iota. >> who says there won't be 7 more years of this? stuart: there's a prediction. are you making a prediction that this man is in for a second term? >> i think if americans had a choice once again twine a guy like donald trump and a regular old washed up politician, i think that they would absolutely pick donald trump again. stuart: tell us what you really

feel, charles, i just don't like backing away from -- i don't like it, you know. all right, second term it is. i will agree with you if we get a tax plan through and it grows the economy big time next year, then i think we will be okay. >> that will be the silver bullet. stuart: charles hurtz, your performance was fantastic. we are going to be down at the opening bell which is about 5 minutes away, down across the board. we will take it to wall street. we will show you the opening of this morning and we will show you the big tech companies which, by the way, are pulling away from those record highs. back in a second

stuart: 50 seconds to this wednesday morning's trading session. we are going to be down roughly 100 points plus. there's a couple of negatives weighs on the market, for example, doubts about tax reform because you have a few complicating factors thrown in now. doubts about the state of the economy because the price of oil has tumbled in the past couple of days indicating that maybe the economy is not as strong as we thought and there was a report on manufacturing this morning, the empire state index, whatever that means, it was down. not really good. so that's kind of a negative backdrop to the market this morning which we will open in 15

second, i'm looking at future, we will be down 110, down about 10 on the s&p, and down 30, 40 points on the nasdaq as well. all right, here we go. 3 seconds to go. it's wednesday morning, bang, we are up, we are running, where are we going, boys? i see a lot of red. i see a ton of red, down 74, down 104. down 105, we are coming back. down 99. i have only seen one verizon, the only dow stock a winner at this point. 103 points. that's almost half percent. show me the s&p, please, i will tell radio listeners it's down half percentage point and show me the nasdaq and i will tell listeners, it is down just over half percentage point. we have a selloff across the board. it's not huge but it is a downside move. the price of oil, it is down today at $55 a barrel. there are concerns about we have a lot of supply in america

indicating maybe the economy is a little weaker, 55 bucks on oil. now the amazon story, the dumping plans for a bundled streaming service, we will have more of that in a moment but they are ahead of the game on this one. air bust has announced the biggest commercial plane deal in its history, the value of the deal is $50 billion. 430 planes for the private equity firm indigo partners air bus, up 2% on that news. will you look at this, don't do this, a weak holiday forecast from target, down she goes, target all the way back to $55. we have an all-star team, ashley webster, elizabeth mcdonald, liz peek. are you going to buy this dip? >> this isn't a dip, this is a -- this is nothing.

i don't want the market to crash, i would love to see really dump here. i would be just loading up. stuart: you're not loading up to the gills yet. you are waiting for a pullback before you guy? ashley: the traders are saying a lot more investors are going into cash right now. they are not going to sit on. they are waiting to shah's point -- liz: keeping powder dry. you talked about sausage-making, here is the mystery meat, could delayed to 2019 even further out. stuart: that's a bit of a a concern. >> now it's going to be a period of time where everybody is looking at economics. other than the empire report, everything looks quite positive

including inflation number that came out yet that at least some people think is quite positive that inflation is begin to go take hold which is a sign of a strengthening economy. >> it does look good but a lot of profits on the table. >> no question. stuart: this is not a huge selloff when you are down 100 points on a 23,000 index, you're not going to call that much of a dip at all. all right, let's get to amazon. now here is a stock that just kept going and going, down a little bit today, here is the plan, they are going to abandon the -- wait a minute. they are abandoning the idea of bundled streaming service, explain it. >> skinny bundles, $30 a month, maybe, 140 channels, amazon took a look at it. tried to work with different cable companies, they said you know what, we are not going to do it, the future is a la carte, people buying and paying for what they want. individual channels, that's where the money is. they found they couldn't make

money on the skinny bundles because the cable companies are saying, take your weaker sister shows and networks stel and you know, amazon is saying hey, this is the wave of the future. amazon has so much powerful data on what people are streaming and watching, companies like discovery communications are using them as dish to figure out what they are streaming. stuart: ahead of the game. ashley: always. stuart: here is the really big amazon story of the day, morgan stanley says amazon could be worth a trillion dollars just over a year from now. you want to explain that? ashley: yeah, on their calculations they believe that the company is on a path to double its profits fbi year 2020. that's actually being quite conservative. if they continue on that path by the end of next year, their stock price, amazon stock price would be around 2,000 if not more and at that stage market cap goes to over a trillion dollars. you know, they said the retail -- core retail of amazon is

worth 600 billion, the web services they say conservatively 270 billion, you throw in the prime business and the ad business, that's very close to a trillion right there. stuart: my jaw just dropped. >> big businesses that really people don't even pay any attention to. everyone is focused on core retail, and by the way, industry that is they haven't gotten started yet. liz: who was the nyu professor who said amazon should get rid of the cloud even though it's 270 billion in value. stuart: greg galloway. >> exactly. stuart: uber bull on amazon is with us, is amazon going to hit $2,000 a share and a value of trillion dollars in a year? >> i don't know about a area but it's definitely going to go there. i don't know if we can do it in a year. it's a function of the market. if the economy continues to be strong and the market continues to be, yes, it has a good chance of it. i would say within two or three

years, absolutely, yes. stuart: we wonder why we spend so much talking about amazon. look at that go. extraordinary. >> dominates or influences every single thing going on in the country. that's the amazing thing. stuart: target, the victim of amazon, they have come out with weak holiday forecast and that stock has been taken to the cleaners, it's down nearly 8%. target is at $55 a share down 480. then you have wal-mart, they report their numbers before the bell tomorrow morning as you work up to that report, 90 bucks a share, a couple of bucks below all-time high. i'm going to stay on retail because there's another story that blows me away. one analyst say this is christmas will be the last for many shopping malls. that's a strong statement. liz: i don't believe that. ashley: i don't know. stuart: i can't put numbers on this, but this is the year of

the online deals and this is not the year for the malls. liz: one of america's greatest pass time, going out and shopping or purchasing as men, do as you say. the internet is just 15% of retail sales. [laughter] >> i think they will continue to have a hard time. however, in november they are up on average between 10 and 20%. stuart: the real estate investment trust will put money into shopping mall properties, had a wonderful november, they went up even people are forecasting -- >> because active investors and hedge funds are looking at value stocks now and bargain because they have been knocked down so hard and they recognize it and probably, you know, creating entertainment spaces in the malls and changing the mix of what's in malls, their value there. stuart: i don't get it. >> it's overmalled.

stuart: when was the last time you were in a mall? >> not recently. stuart: last time you were in a mall? ashley: last christmas. stuart: last time you were in a mall? >> four months ago. >> it was frightening how empty it was. stuart: have you bought the stock? [laughter] >> low of the day, we are down -- 150 points as we speak. 23,200 before you get too alarmed. individual stocks moving, sales up at a children's -- the children's place and up 3%. price of oil, though, on the downside still at $55 per barrel. look at ge, ouch, they are now at $17 a share. they are down another 1%. all right, shah, why are you smiling? are you nibbling at ge at 17? >> no. at some point i will definitely take a hard look at it.

ashley: how low? >> i really don't know. i don't like anything that they've done. i don't like anything that immelt did. the stock was 40 what -- when he took over. stuart: you're not buying it? >> there's so much work to do here. liz: book value is $20 a share. >> there's more to cut here. i don't like the miss of business that they created. i think he should have put them deep into. >> that's my criticism of ge. it seems to me that they have been going into things that are popular and doing well and getting out of things that are doing well. it's not the warren buffet style of investment. stuart: would you buy at 17? >> no, i think the analysts are chasing the estimates down. we have to lower meas its and lower targets, et cetera, et cetera. it's got -- stuart: let me jump because we have a new low of the

day. down 160 points, 23,200. down 163 as we speak. papa johns pizza place say they didn't mean to be divisive when they say sales were hurt by the nfl handling of anthem protest, what do you make of this? liz: they did an icon of flipping the bird to neo nazis. lay off papa johns. it's a business issue for the nfl as well. stuart: why are they having to apologize? >> they got torched on social media because of what they said sounded critical of the players' protest and you can't do that. unfortunately right now we are in a hypersensitive situation. stuart: that's a rough chart. that time of day. we have to say good-bye to elizabeth and shah. >> fun. [laughter] stuart: check the big board, please.

now, not quite the low of the day but awfully close. we are down 154, 23,254. a new survey, netflix, 37% of subscribers say they binge-watch at work. get this u thousands of armed isis fighters and their families allow today walk away from raqqah unharmed right before u.s. backed forces stormed the city. ralph peters coming on that at 10:15 this morning. there will be more varney after this.

if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far.

now more businesses in more places can afford to dream gig. comcast, building america's largest gig-speed network. >> 23,256. news on apple. reportedly it is working on rear-facing 3d sensor, i have no clue what that means but nicole does, tell me, nicole.

nicole:i had to read all about it because you say this stuff being so foreign but it's going to be revolutionary according t. 3d, rear-facing, this will go in addition to the true depth system. front and back camera. they are working with key companies, micro, son any, panasonic to try and develop this. the idea is augmented is the way of the future, revolutionary than the smartphone itself. i mean, we are suppose today buy into this. augmented reality. you will see real things and put up other items, maps, anything to help you through your day, stuart. stuart: nicole, i guaranty you that one year from now i am using it. [laughter]

stuart: people are binge-watching netflix at the office, how do we know that, ash? ashley: hang on, let me just finish the episode. [laughter] ashley: all right. i kid. apparently 37% of people actually binge-watch netflix at work, by the way, this was put out by netflix itself. it's kind of touting its own service. 60% of people have increased out in the public binge-watching but even more disturbing, stu, 12% admit today watching netflix in public bathrooms. [laughter] stuart: is that disturbing? ashley: i think it is a little. any time you put the word expression public bathroom it becomes troubling. [laughter] liz: indeed. stuart: i have a serious tweet from claire, democrat on the senate finance committee, here it is. we got this, i think that's the tax plan at 10:18 p.m. last

night. expect today work on it at 10:00 a.m. today. this is nuts, what is the damn rush. why can't we have a reasonable time to read and study, she's referring to the senate mark-up of the tax bill. liz: really, what's the rush? what about all the americans struggling out there trying to get a job, trying to pay for their kids tuition, what's the rush, what have you been doing in your job to help the american people? stuart: okay, lizzie. no, no, i agree 100%. you're good. let's bring in mike johnson, republican congressman from louisiana. okay, how do you feel about the obamacare repeal of a mandate being part of the tax bill when it's gone through house and gone through the senate? are you in favor of this? >> i'm certainly in favor of it. i think we probably would have inserted in the house bill but we didn't want to overly complicate the procedure on this side.

i'm delighted that the senate is considering that. i hope it makes it's way into the bill. it's the right thing for the american people. stuart: there's talk that it's going to complicate things and slow down what has to be a fast process of reconciliation. you're shaking your head, not so? >> i don't think it would slow it down. the criticism that you're reading that it's a rush job is ridiculous, on the house side they have been working on the bill for six years, they've had over 40 committee hearings and expert analysis for years. everybody know it is framework and i think we will be able to work out the details and we are anxious to get it done. stuart: i want to switch gears for a moment and talk about jeff sessions on the hot seat in congress, democrats were going after him on russia, russia. in your opinion, did they lay a glove on him? >> they didn't. i don't think they did. i was on the committee, i sat there for the entire process and i asked my own questions of the attorney general and my estimation he did well under the

pressure. he has nothing to hide. he's a man of great integrity and i think he performed well under circumstances. stuart: he did not commit to a special counsel to investigate hillary clinton. he says he couldn't do it until he sees evidence that she has done something wrong. >> i have a little similar sympr that. we want the attorney general to go through necessary processes and make sure he's above reproach. we need confidence in institutions. i think they are looking into it but we don't want it to be political, stuart, we want it to be facts and follow the facts where they lead. stuart: congressman, we are basically a financial program, we have the market selling off, not huge, we are told this is because of problems of getting senate and house on tax bill, have you doubt any doubt in your mind that it will get done this year, signed, sealed, delivered by the president?

>> i think we will get it signed, sealed and delivered by the president, as the largest christmas gift of the people in 30 years, we are confident this will happen. i think we will work out the details. i hope the markets stay steady and soon they'll begin to rise again because this is going to be a game-changer for the american economy. long overdue. we will get it done. stuart: real fast, something that maybe investors are forgetting, if you do get tax cuts done before the end of the year, that opens up all of next area to do infrastructure which is wildly popular on both sides of the aisle, exactly, we need the money to do it. if we don't spark economic growth it's not going to be what everybody is expected. i think we are going to get it done, that's my prediction. stuart: congressman johnson, republican of louisiana. >> thank you, stuart. stuart: back to the dow, we have come off the low of the day, awful lot of red on the screen right there. there's only two dow winners out of 30 stocks and we are down 136 now. we had been down 160.

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stuart: american citizens have been told to in zimbabwe this is to shelter in place. troops have taken over state tv and presidential residence. looks like a coup, ash? ashley: it is, they don't like the wife, he's getting her power base, they don't want her, she may have fled to another african country. military in control. they want the vice president to take over the country and he was just dismissed last week and i think that's what triggered the whole thing. stuart: power struggle. thanks very much. people are drinking less soda. well, i knew that but how much less? liz: yeah, down double digits. this is from harvard, 46,000 people including children and adults, down 12% over the last decade through 2014 among adults, down 19% among children. that's interesting. it's linked to obesity and all

sorts of health problems. stuart: i take that as good news. liz: yeah, interesting. stuart: another one of rand paul's neighbors reveals what may have led to that mysterious attack that left rand paul with a few broken ribs. ashley: six broken ribs and fluid on the lungs. according to the neighbor, we can't get to the bottom of this, it could be over trees on rand paul's property that block it is lake side view of the neighbor who alleged attacked mr. paul. he has been trying to sell the house for the last ten years, he's put it on the market five times and believes that the reason part of it is the devalues lack of view of the lake that mr. paul's trees are -- are blocking his view essentially and kind of just all boiled over. he snapped and attacked rand paul while he was mowing the lawn on friday afternoon. stuart: i have to say there's all kinds of reasons -- maybe all kinds of reasons for the attack but i don't want, i don't want politics. ashley: that has not -- somebody

wut that out and that's not it. this is a long-simmering dispute of trees. stuart: good. >> rand paul was at the baseball practice. stuart: i don't want political personal attacks in the united states. we don't want that. this is america. keep your politics out of my entertainment, keep your politics out of my sports from sean penn to the nfl kneelers, enough u that's my take two minutes away

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venezuela strong men who have ruin ad once prosperous country. i can't forget that. more recently, i have a hard time watching the nfl. i chose to become an american citizen. i don't like my flag and anthem insulted. you don't respect my country, i'm not watching your sport. you spoiled it for me. i'm not alone. the nfl's tv ratings down, attendance, down and comprehensive poll shows the nfl's favorable image dropped a whopping 31 points from last year. that is among a key group, men, age 34 to 54. what a come-down. if you object publicly to these anthem protests you are accused of being divisive. papa john's pizza had to apologize for criticizing the anthem protests. the truth is, america is surely tired of seeing millionaire hollywood types bad-mouthing our country and our president. america is clearly tired of

millionaire football players biting the hand that feeds them, insulting all that america stands for. like i said, i can't divorce talent from politics. hollywood, the nfl, you turn me off. the second hour of "varney & company" is about to begin. ♪ stuart: we're back near the low of the day, 22,249. five points away from low of the day -- 23,249. big tech stocks, they are down today, quite sharply so too. all of them pulling back from the recent highs. amazon, whole foods cutting down on customer and holiday favorites. prime members receive added discount on organic and

antibiotic turkeys. they're down on that news. target is way down. they are concerned about the highly competitive sales environment. nonsense. they're worried about amazon. they are down 8%. get to papa john's, the pizza outfit. it is one one%, following their apology. they have apologized for being critical of the anthem protests with the nfl. the stock took a big hit when their profits came out. the ceo blamed the anthem protests. charles payne, that is the man sitting right there. he is on camera, ladies and gentlemen. what do you think of the papa john's apology and downside move for the stock? >> listen, we try not to criticize companies for getting involved. we don't want them to get involved in the politics first place, no matter what side. they recognize they made a mistake. face it, they were embarrassed

the day after they blew the earnings report, primary rival domino's had better earnings report. domino's up 14%, versus papa john's down 2%. so they might have a problem, like these companies that blame the weather, they may have some issues beyond the protests. i think maybe the ceo was being introspective saying, let me focus on the business, stay out of this political arena. stuart: very good. that is very good explanation, charles. glad you're on the show. >> thank you very much. stuart: straightened me out. look, we've got the dow industrials down 140, 150 points. are you buying this dip, if you want to call it? >> not yet. not yet. looking at technical factors around 22,400 i look if the dam were to break. this is normal stuff. we had a hell of a run. we get this periodically. i would say the market is looking for leadership. you know what is a red flag? the utility sector.

utilities, widows and orphans, that is the safe haven, up 17% this year. hit an all-time high. that is your new fear factor. forget about the vix. the new fear gauge is the utility sector. smart money is anxious, rotating out high flying names and putting money into utilities, they're extraordinarily overvalued and pay dividends so they're considered safe. stuart: you're not buying this downside move. >> not big enough. stuart: that is what shaw ghailani said. liz: when is it it big enough. >> 22,400 is key level that must hold. stuart: stay with us, charles. i want to get to tax reform. the house will vote on its version tomorrow. the senate is expected to vote next week. that senate plan includes a repeal of the obamacare individual mandate. joining us now, david williams from the taxpayers protection

alliance. now, i'm inclined to believe, when the senate throws in obamacare, the mandate, repeal, that that complicates the whole process, getting everybody together and fixing this thing before the end of the year. what say you? >> it really does complicate tax reform because that's health care. listen, we support of getting rid of the individual mandate. this is the wrong vehicle to do that. need to do that separately. look at tax reform separately. with tax reform, you're giving people something, giving them more time, more money. with health care reform you're perceived taking something away, somebody's health care. that is why they need to decouple this, focus on tax reform which will do wonders for the economy. look what is happening right now. stuart: yeah, down. >> disarray in congress. we talked about this last time, market goes in my eyes, the way tax reform goes and we had a lot of positive news about tax reform but now we're seeing a little bit of negative news and

it is being reflected in the market right now. stuart: you represent the american taxpayers alliance. you're the president of that organization. you represent taxpayers from your perspective. you look at senate version, the house version, they're not far apart, forget about obamacare. they're not that far apart. you know what the basics are, does the taxpayers alliance approve of this? >> we absolutely approve the tax reform in the house and senate. they will go to conference and figure out the differences. we're fundamentally changing taxes in the country. it will not be the 1986 tax reform we saw. fundamental change in taxes, way we fill out taxes and rates we do. look at corporate rate, stuart. we're talking about a 20% corporate rate. we lost worldwide when it comes to the corporate rate. we have one of the highest at 40% right now. we're losing to ireland, to china. china is 25% corporate rate. we're losing to them. of course canada is 25% too or

i'm sorry 15%. stuart: listen to this, congressman peter king blasting white house budget director mick mulvaney in a tweet. here is the tweet. from sandy aid, tax reform, mick mulvaney screws new york. he feels inferior because new york subsidizes his state of south carolina. this is about eliminating the state and local tax deduction. that is what infuriates representatives from new york. like. >> peter king look at small businesses in new york, two million will benefit from the tax reform. he is willing to take this kind of stand, to say new york has really high taxes we want to be able to deduct those? listen, only 30% of people itemize in new york. there are two million small business. we hope he is looking at bigger picture here. he doesn't use this as a killer provision to kill tax reform right now. so, we hope he sees the bigger

picture, but is peter king now will say i increase higher taxes in new york because we get more of a deduction so we get higher taxes. i don't understand where he is coming from. stuart: david, thanks for joining us. david williams, thank you. charles payne still with me. i think you're a little gleeful because wealthy liberals in high-taxed states will pay a lot more, and you love it. >> it is pyric victory. i will be paying it with them. [laughter]. i am kind of gleeful that we may, we could see some light at the end of this tunnel. i will say, last week, representative louie gohmert on the show, talked about the individual mandate. last week when the cbo scored it, getting rid of it raises $338 billion. you knew that is honey pot of money republicans can not resist. particularly in the senate because they blew health care reform. they get another bite of the apple, perhaps to avoid dumb taxes or dumb decisions delaying corporate tax.

if you raise 338 billion, bring back the corporate tax, kick it off next year. stuart: i think there will be avalanche, convoy of moving mans from new york, massachusetts, connecticut, new jersey down i-95 to florida. >> already has been. last census report, amazing how many smart people, hard-working people picked up and left. stuart: that is the nature of our society. you want to tax me more, good-bye. we're out of here. interesting story here. i'm not sure i really believe all of this, but a lot of people are binge watching netflix at work. ashley: they say, according to survey by netflix, 37% of those survey, yeah, i binge-watched netflix at work. i don't know how they find the time this change ad year ago, netflix allowed download the content, watch it off-line any way you want to. that sparked binge watching at

work. 37% of people. 12% said they binge watch in the bathroom. i know. stuart: charles payne looks guilty. >> i don't. i'm new to netflix. everyone in my family had it damn near a decade. i love the stock. i'm old school. liz: imagine being a boss or employer, worker are dedicated, focused at the computer, but they're watching "stranger things." >> there were big blanks of activity, 30 minute swaths. guys, what is going on in 40, 30 minutes. ashley: watching the show. >> three swaths of 30 minutes or more no activity on computer or phone. liz: watching "varney & company." stuart: nice try, liz. how many did you fire? >> i didn't fire them. tough to really, really, these days, productivity is taking a major, major hit. stuart: i didn't realize. i'm sorry, i didn't realize. >> it is tough.

stuart: you always set me straight. coming up a special on envoy from china going to north korea. that is a win for president trump. i think he organized this on a trip to asia. plus the great tax exodus is already happening in high-taxed states. the rich are moving out. property man, bob massi on that subject later this hour. the youngest ever elected official on long island. his name is joshua. he is 23 years old. he will tell us his story, and what he thinks of congressman king's feud with mick mulvaney. you are watching the second hour of van any and company. -- "varney & company."

stuart: coming back a little bit. were down 130. lots of red though.

that would be 24 of the dow 30 stocks in the red. that means they're down. how about airbus announced the biggest commercial plane deal in their history ever. they have an order word worth of 50 planes. that is from indigo partners. china sending a envoy to north korea. this comes days after president trump met with president she and others in asia. lieutenant colonel ralph peters with us now. i call this a win for the president. china confronting north korea. what say you? >> stuart, you're definitely maybe right. [laughter]. i think it is unquestionable that president -- president trump. so the person he is sending can best be described in shorthand as a ghost foreign minister. he is from the party, not the

formal government, which may give him a stronger hand to play. the chinese have not said why he is going to pongyang. but clearly has to do with the north korea crisis. the problem we have now, we have to see what results from it. because chinese long viewed chinese a military ally, a useful one, are now concerned about north korea, they can't control them anymore. as they are implementing some u.n. sanctions, russia is moving in. the real problem, they don't want russia taking over north korea. stuart: china doesn't know what donald trump, what president trump is going to do. you remember when president xi joined president trump at mar-a-lago in florida. there was a dinner. and the president got up and said, excuse me a second, i'm just going outside and do something. he came back and told xi, i just launched against syria.

i think that was sending a message to north korea, i'm prepared to do stuff and xi is watching me. i think that is very strong message. you say? >> i do think in that respect, can not speak, the visit to beijing was a success. president sri does not want us to be enemy. he is watching russia and other developments. he doesn't want to give anything he has to give us. i do give president trump points for coming down hard on this issue. nobody can argue that. stuart: change subject for a second. evacuation of raqqa, isis fighters were allowed to leave with their weapons, with their ammunition? apparently, we, america, we knew about it. what do you make about it? >> the media making it into a scandal. it was pretty smart. we didn't cut the deal. allies on the ground, kurds and arabs made the deal. what the deal did, it stepped

further destruction of already ravaged raqqa it prevented friendly casualties. the third thing people are missing, this convoy, 200, 400 fighters with family members was headed out toward the area where isis is fighting against the iranians. sneaky we get a benefit out of this. instead of fighting our guys, they are going down to the area to fight syrians, hezbollah and iranians. you know that is not a bad thing to have them killing each other. stuart: that is a very good angle, ralph. i didn't realize how things worked in reality. >> that is the middle east brother. stuart: what did you say? >> that is the middle east, brother. stuart: i do read your books after all. they are very good by the way. ralph, thank you. see you real soon. here is a headline, they will do anything to get you into a bricks and mortar store, american eagle, for example, doing anything they can do. in new stores plural, they have

free laundry machines, ipads in the dressing room, charging stations for your phones. is that going to work? will that get people in? we'll discuss knit a moment. ♪ let's begin.

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stuart: price of oil down $55 a barrel. this is one of the reasons why the stock market is selling off, not just here but around the world. ashley: yeah. stuart: demand for oil down, supply up all over the world. that implies economies around the world are not growing as fast as we thought they might. so down comes oil, 55 bucks a

barrel. down comes the markets in line with that. couple individual stocks for you. akorda therapeutics, they report five deaths in their parkinson's treatment trial. they halted enrollment. the stock is down nearly 40%. >> >> we have target, looking to the future. they don't like what they see. they're forecasting weak holiday sales and the stock is down 8 1/2%. charles, you're still with us. you follow this kind of thing. target not doing well. >> not doing well, amazon is the problem. >> amazon is the problem. walmart is the only big time company with muscle and temper ment to deal with them. target, they haven't really had their act together in a long time. target was middle ground, people doing pretty well since the economy went into the a funk,

target hasn't figured it out. stuart: walmart, couple days ago, hit 92. it is all-time high. it backed off. walmart is teaming with lord & taylor to tell the high-end brands there on the walmart website. now that is not really helping walmart at this moment. but, charles, i saw this study from an analyst who says the glory days of the american shopping malcolm to an end this christmas. it is all over. that is a drastic thing to say. >> the glory days have been over for a while now. stuart: i think you're right. >> here is the thing, since 2002, 8600, almost half a million department store employees have been fired. stuart: what time frame? >> like about a 12-year period, 2002 to 2015. gone, gone. we talked about the death of the department store before the malls. it is scary. we should understand, we had a two decade period where mall

growth outstripped population growth two to one. it was nuts. there was a mall everywhere you turned the corner. some is creative destruction. some it is a new reality. what is interesting though? today, retail sales number, internet sales are down month over month. that is really interesting. retail sales number. liz: retail sector employs 8 million people. this is policy issue for washington, d.c., if you want this kind of a economy. it is a policy issue for tax reform, they want to get rid of interest deduction on debt. debt built the malls. private equity crowd piled in. that is under the retail ice age, the building debt. ashley: huge mall in connecticut being built anchored by bloomingdale's and nordstrom. stuart: there is huge one across in new jersey, second biggest mall in america. liz: if they want to set retail ice age, knock it off with the

blue laws. stuart: the story to me is all about the changing feel of america. ashley: yeah. stuart: if we're no longer crowded into the malls to do our shopping in those numbers it, feels different. you move around differently. last point. >> changing in america, right? involvement, living for today. if malls figure out how to capture that. millenials like to do things, go outside spend money. these malls you're talking about half won't have stores. i don't care how big it is. half of that space is allocated to something people get involved. stuart: you're always a ahead of your time. thank you very good. here is what we have for you. the senate does include obama care mandate repeal in the version of the tax bill. the house votes on their plan tomorrow. will the final bill all said and done, hit the president's desk, will it include obamacare mandate repeal? we're asking a member of house ways and means committee. ♪

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of your tier 1 and tier 2 drugs, delivered right to your door. in fact, our medicare advantage plan members... saved an average of over $5,000 last year. so call or go online today to enroll, and enjoy these benefits and more, like renew by unitedhealthcare, our health and wellness experience, where you can earn rewards for making healthy choices. your healthcare needs are unique. that's why, with 40 years of medicare experience, we'll be there for you we can even help schedule your appointments. open enrollment ends december 7th. if you're medicare eligible, call now and talk to unitedhealthcare about our plans, like aarp medicarecomplete. let's get you on the right path. call unitedhealthcare or go online to enroll. sfx: mnemonic

♪ >> yes. that is classics. ashley: it is,. stuart: absolute classic. ritchie havens started woodstock festival with this song. this is the first song at the woodstock festival. ritchie havens sang it. i like the beatles. triple-digit loss continues, one hour into the trading session. we got weekly, weekly numbers how much oil in storage. liz: up 1.85 million barrels in storage. looking for draw down of 2.2 million. it went up. stuart: more in storage. we're using less. therefore the price of oil should go down. it hasn't gone down much more.

55 bucks a barrel on oil. big tech stocks, look at its, apple on the downside again. i believe in the longest losing streak in seven months. all the big tech stocks are down. amazon losing $13 a share. general electric, is it moving up, tell you right now, please? i don't know. ge, yes, there you go. $18 a share. they found a buyer. it wasn't me. but they found a buyer. tax reform. house votes tomorrow on their plan. paul ryan says, he believes that the house could approve a reconciled bill that include obama care, the mandate repeal. congressman eric paulsen with us now. this is a big deal. the senate wants to repeal the

obamacare mandate. he is okay in his house version of the tax plan. are you? >> i think what the speaker is saying, the house will act on historic tax reform tonight and tomorrow. we don't include the provision, even though we repealed it a couple times already. senate hasn't focused on difference. senate will have to put something together to work it out in commerce committee. stuart: paul ryan saying we maybe can accept the obamacare repeal in the final reconciliation that sounds promising? >> that could be possible. we voted on it several times in the house. we have to see how the process works. the senate floor vote may be very different than the senate committee vote as well as they modify the bill and expected to approve that in committee in the senate tomorrow afternoon before their senate floor actioning in a week. stuart: do you think we'll get a house deal done, a senate deal

done, a reconciled deal done, the president signs it before christmas? >> i really do. i feel so optimistic about it, normally a bill of this magnitude comes through, four days of open hearings and daylight in the ways and means committee, there will be modifications before it comes to the house floor. there was enthusiasm and energy behind the ways and means committee. there are no modifications in the rules committee going to the house floor. we're on a pretty quick track to get this right. get senate under pressure to act too. stuart: if it did that, you got it done by end of this year, maybe also the obamacare mandate repeal. that is a double win for the president. then you got all of next year, to work on something that is very popular, both sides of the aisle, which is infrastructure. i mean that is a pretty rosie outlook, isn't it? >> absolutely this is about getting some things done. plus if we get all this completed before jon 1st, we'll have a new tax year with predictable certainty for all of our employers to invest in new people, equipment, improve

productivity, wages go up for employees that is what our economy and the country is hoping for. stuart: can you see the light at the end of the tunnel, congressman? >> i do. i do. i will say why. even in the differences in the house and senate bill we're going for 20% corporate tax rate to bring jobs back home to the united states. we're looking small business reforms with main street employers compete around the world with new technologies. we're moving in the right direction with a lot of opportunity. stuart: there is great deal of opposition in new york, new jersey, california, doing away with the salt deduction. what do you say? >> even some of the members though in those delegations are supportive of our bill because we keep mortgage interest deduction. we also keep "salt" deduction for property taxes up to $10,000. many look in conference committee there could be additional modifications to address those legitimate concerns. stuart: got it. eric paulsen. thank you very much. you were on the show last week and you spilled the beans about the house details of their tax plan before anybody else got it.

sir, our ratings were fantastic. thank you very much indeed. eric paulsen. you can come on this program anytime you like. >> stuart, i made a note in my notebook i helped in that effort on that day. stuart: good. you did. congressman, thanks for joining us, sir. it is appreciated. >> thank you. stuart: now this, the new study, las vegas tourism down after that mass shooting of the mandalay bay hotel. flights booked to vegas down 7% compared to the same time last year. come on in bob massi. he is our property man. >> yes, sir. stuart: he is a las vegas resident. bob, talk to me about the mandalay bay. because i'm hearing that it is deserted and i'm hearing that mgm which owns it, they're questioning what on earth to do with the place. >> it is. first of all, it is actually very sad. i have been over there a couple times to try to patronize the place because it is such a great hotel. i think because of all the

lawsuits. because of the fact what happened. because actually law enforcement gone very quiet. i don't know what they are going to do with it. my other concern besides the victims, those who were killed, those who were lamed and emotional problems, i'm certained about cutback of staffers. i'm sure there will be cut back, stuart, business is down substantially. stuart: but has it hurt the rest of the strip for along the strip? >> i don't feel it. i have talked to some people, the convention authority. talk to friends of mine that own nice restaurants in town, they're busy. historically this time of the year it starts winding down a lot of conventions. but from january until june the conventions in this town are gigantic. so i have, i don't feel it myself. i talked to some people. i think it is normal that there will be a little bit of a bump. but i don't think to the extent we thought which is a good thing. stuart: you're "the property man." you have lived in las vegas for

a long, long time. >> yes. stuart: i have to believe you are expecting a wave of relatively wealthy immigrants coming in from california. because if this tax deal goes through, as things are, then high taxed state people, who make good money, they're going to be taxed a lot more than they are now. just want, just want to show our viewers something here. according to the irs, because of high taxes, 8 1/2 billion dollars worth of income has left new jersey. 6 billion has left the state of connecticut. and 13 billion, has left illinois. where is it all going? it is going to florida. in that same time frame, florida with no income tax, no state income tax, gained 39 billion. you have to be expecting influx in nevada, nevada i should say from california, right? >> no question. as a matter of fact, years ago whenever i called it the real estate gold rush happened, i called it las vegas turned into

east l.a. because of what happened. i absolutely believe, if they lose some of those deductions they're talking about, i think you will see people coming here. with the oakland raiders coming here there will be a bump. but there is no question, if in fact those in position will lose major deductions, you will see business development go up, you will see housing go up. you will see more growth. no question, a state like ours with no state income tax whatsoever, inventory tax is very little, you will see a definite migration to las vegas and northern nevada also. stuart: how long have you lived in las vegas? >> only since 1974. stuart: that was the year i came to america. i was in vegas in the 70's, compared to then and now, radically different. no comparison whatsoever, is there? >> it isn't but still the last frontier. i always say to people, stuart, that some places where you live,

it is had you know. in las vegas it is who knows you. it is different in that regard. it is the kind of city, if you come here and do it right, you will get many rewards, because it is that kind of a city. i think with everything going on, this tax plan, i must tell you, i was with people the other day on sunday at particular function, these are successful businessmen and women in town, they are really waiting to see what is going to happen with the tax plan. they are not happy with some of the things being rolled out here. they expected more. these are successful businessmen and women in this town. that is microcosm of things you talk about the country. stuart: moral in las vegas, tip and tip big. bob massi, we'll see you real soon. good stuff. >> thank you. stuart: the president tweeted about three ucla players detained in china. here is the tweet. do you think the three ucla basket pal players, thank you, president trump? they were headed for 10 years in

jail, ash. ashley: a bit of a dig. he was instrumental in getting them out. hotel arrest, if you like. kept in hotel rooms. they were accused of shoplifting from a number of stores of a shopping area near shanghai. there were reports that there was videotape of them taking sunglasses from three different stores. regardless when president trump was in asia, he spoke to the chinese president. they were released, got on a plane and got out. i'm not sure facing 10 years in jail, but certainly they do have a case to the thank the president for getting them out. liz: what are they facing back home, being on video seen shoplifting? why shoplifting in china? stuart: what does that do for the name ucla? ashley: good question. stuart: if there is indeed the video. repeating my editorial from the top of the hour, i don't want to know or hear hollywood's politics. keep it out of my entertainment please. in our next hour, actor turned

politician, antonio sabato, jr., will join us on the subject. first youngest ever elected official in new york, from long island. joshua has his story for news a moment. ♪

ashley: the senate attached obamacare reform to their tax bill. last hour we spoke with congressman jody hice who told us, that is a pretty good idea. roll tape. >> we've been pushing for this for a long, long time. i disagree this will create a conflict between the house and the senate. i think it will be greeted with open arms in the house. the fact it will probably get more people on board with a tax plan that otherwise had some, a little bit leery, but this will help get it over the goal line for sure. stuart: still an extraordinarily complicated and, got to be really fast-paced get together between the house to pass their bill, senate when they got theirs, get together to come up with something? it really is tight, isn't it? >> it may be. what we have is an opportunity to really deliver to the american people what we said we would do.

stuart: up until a few moments ago. we had a triple-digit loss for the dow. we were down 160. we're back to 23,300. now this. send grid, just opened for trading on new york stock exchange. first time they sold shares to the public. it is a cloud-based platform, for email marketing. the ceo is here and joins us

now. samir, if i run a company, will you tell me what a cloud-based platform for email marketing does? can you explain it in simple terms our viewers would understand? >> yes, absolutely. we're a digital communication platform for email. some use cases maybe obvious for viewers, when you make a reservation at airbnb, for a stay, the confirmation email that you are sent and goes into your inbox is being delivered by sendgrid. same for spotify email. new songs you listen to. stuart: that is all you do? i'm not being funny here. but that is all you do, you just send confirmmation notices about your hotel reservation and you can make money doing that? >> we absolutely, we do, and we can. it is very, very hard to do. you would be amazed technically how hard that is. and we do that for 58,000 companies around the world every

single day. stuart: well, congratulations you made us understand what you do. i notice the stock is up on your first day of trading. why did you go public? >> we went public because of our momentum. we're ready for it. we really feel like we have a great built to last, company. and we're ready to be a publicly-traded company. we're building for the long haul. stuart: what is your end goal here? where do you want to take your company? >> our vision is to become the most trusted customer communication platform in a world. we'll take a long time to buildout the vision but that is our plan. stuart: now that is a vision i can understand, the most trusted customer communications company in the world. i got it. i got it. not necessarily buying your stock but you understand. making me understand these things is very difficult but you did a great job. congratulations, sir. >> thank you, sir. appreciate you having me on. stuart: sure thing. something completely different, and i mean different. this is from new york congressman peter king lashing

out at budget director mick mulvaney. this is a tweet on "salt," state and local taxes, deduction there from. from sandy aid to tax reform, mick mulvaney, omb, tries to screw new york, probably feels inferior because new york subsidizes his state of south carolina. well, well, well. look who is here. in our studio. joshua lafazan, a legislator from long island in new york, same area as peter king. this man is democrat. first in a long time on this program. how are you, young man. >> i'm doing well. long time, no see. stuart: you were here when you were 18. >> you were elected to the school board. stuart: yes i was. >> you're back at legislator for the county. >> at age 23 i'm excited to represent people in the 18th district. stuart: you democrats will get what you want, because under this tax deal, you rich folks, rich democrats will be paying more money.

>> i will clarify. i'm a registered independent. i will caucus with the nassau county democrats. constituents want to see my independence. i no peter king well. i may not appreciate his cynicism in anti-new york bias, his efforts are bipartisan. my district voted for president trump. i knocked on 10,000 doors. stuart: get to the nitty-gritty, lad. >> these are not aristocrats. these are hard-working middle class families, count on deductions to survive. need extra money to start a business and pay for music lessons for their kids. they will be hurt by these reductions. i'm hoping they can find a compromise to save these deductions. stuart: they won't. >> maybe i'm a little more optimistic than that i hope they will. that is my youthful exuberance coming out on air. stuart: you caucus with democrats. you're a little bit swayed toward the left, aren't you? the left wants wealthy people,

1% to pay more. well they're going to pay more. surely you support it? >> i pride myself on my independence. i don't let anyone pigeon hole me. stuart: you will get what you want? >> what i want is -- i love to live on long island raise family. my mother is on set. my mother and father work hard to live on long island to provide a world class education. i want my kids to be raced there. our fault property taxes are so high. local government has burgeoned. federal government can do something. they need relief. i knocked on 10,000 doors and speak to families in oyster bay and bayville. they need relief. this will hurt them. i will stand with my constituents to against removing these deductions. whether you're a republican or democrat, i do not care, i will work with you helping citizens of the 18th district. stuart: young man, you're masterful politician. are you going to be president in

2040? okay by middle of the century. are you all right with that? you will be a republican. by that point you will be a republican. you will have earned a huge paycheck and realize how much people are taking out of every damn paycheck. are you with me? >> stuart in. stuart: you are great. thanks for being here. >> it has been an who are nor. stuart: round of applause from the set. unheard of. roy moore still campaigning in alabama despite the chorus for him to explain himself or step aside. we'll head to the state in just a moment. so you can head into retirement with confidence. brighthouse financial established by metlife. ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too.

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ashley: roy moore continues to campaign in alabama even though many republican lawmakers say get the heck out. jonathan shari in gadsden, alabama, with more. jonathan? reporter: hi, ashley, the republican national committee cut fund-raising ties with roy moore, according to filings with the federal election commission. meanwhile national republicans are looking for alternative to this highly controversial candidate. listen. >> i would like to save the state and it is a heck of a dilemma when you have completely unacceptable candidate, bearing the label of your party within a month of the election. it is a very tough situation.

reporter: senate majority leader mitch mcconnell says it appears the only option is a write-in campaign which is rarely successful, unless the candidate is immensely popular. he said in alabama, attorney general and former senator jeff sessions would fit that bill. more fired back at mcconnell with a couple of tweets including this one. republican primary, strike one. republican runoff, strike two. general election, tbd. three strikes and you're out, mitch. speaking at church revival al in alabama, moore spoke about the opposition he face. >> obviously i made a few people mad. i'm only one that can unite democrats and republicans. [laughter] because i am opposed by both. ashley: jonathan, thank you very much. more "varney" after this. 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. ..

train to ease back and he hasn't

changed a bit. president trump may have restrained his tweets while in asia and they may have been an and characteristically diplomatic, but now he's back with days. our great country is respected again in asia. you will see the fruits of our long and successful trip for many years to come. that is classic drum. incorrect, too, mr. president. the announcement came this morning. china sending to north korea. we don't know what they're talking about, but you can bet they're not going to be singing come buyout. that is one of the fruits of the visit. and another would be the $300 billion american companies. in his back with his pursuit of cnn. in the philippines, cnn camera which i haven't done in months. i realize how bad it is. another triumph classic. this time tomorrow you'll be seeing the president on his way to meet house republicans before

they vote on the tax plan. this man's everywhere. the media is pleased to see him back in asia. all they had to go with simply been too much in japan endearing to me recently with putin. the media didn't like seeing our president perform well on the world stage. so now he's back and things are lining been moving towards maybe a trampoline. the republicans might just kill obamacare and get a tax deal done by christmas. decisions indeed a live-action. i don't how he does it. the save our -- third hour of "varney & company" is about to begin. ♪ ♪ ac/dc. thank you indeed but i'm glad you are here.

that is right. the president is back. in d.c. back in black is the name of the song. he traded that there is a big announcement coming. we don't know when or what it is. about 24 hours from now he will address house republicans right before they vote on their tax plan. let's start right there. i say you don't schedule a vote unless you know you've got the vote to win. does this mean it's going to pass? join us as congressman tom reid, republican from new york. am i reading this correctly? you don't schedule a vote unless you know you're going to win. >> all indications here today as we move in the right direction i've got a vote scheduled for tomorrow. we get to the florida pass the legislation. >> your congressman from new york state. i'm sure you've seen this already. new york congressman peter king slamming budget direct or mick mulvaney in a tweed.

firms can be a true tax reform, mick mulvaney tries to screw new york. probably feels inferior because new york subsidizes his state of south carolina. that's a little personal, isn't it, congressman reid, you approve of that thing? >> i appreciate his passion and advocacy for constituents, but overall we have a compromise that we fought for in the property tax item up to $10,000 to protect 99.7 people we represent in western new york at the same time allow taxes to move forward and give them $1600 of their own dollars back into their pocket rather than government taking it from them. >> what the chances of a double when? tax reform yes, but also the possibility of rolling in repeal the obamacare mandate which would really destroy obamacare. what's the chances of getting

both emerging from congress. >> i heard reports knowing some of the senators indicate to move forward with repeal. i watched the sun in for quite sometime now and i won't -- the best thing i've seen in the house as we been able to deliver tax reform within the numbers without men they've repealed. they can free data. a lot more additional revenue. stuart: you wouldn't have any problem going forward on the house side. >> i would not. i stood for repeal of the affordable care act. given the mandate relief to people back home in some way and that we should join. >> i hope you can have more frequently in the near future. the pace of these political developments come in the sausage making is really picking a and

will need to tell how things are going. get back to the big word. we come back significantly. we were down 160, now we are down 91. the dow 30 that we are up our session lows. see fit gerald is with us. money map press kind of guy. i'm going to call this a modest it. would you be a buyer of this tip? >> yes, i think it would be prudent for investors to buy the day. history shows at times like this you can't afford not to. the reason is very simple. so much money chasing relatively few stocks or quality stocks. you've got to be on board or you're going to get left way behind. stuart: we've heard several congresspeople telling us today another outside patton and there's a pretty good shot at getting tax reform through the house, through the senate and signed before the end of the year. goldman sachs says 80% chance

we'll get it done real soon. if we did, does that give us a second or third leg up on the market? >> no doubt in my mind that gives us a leg up because it is going to unleash still more money, unleash confidence in the expectations that real profits matter and they're going to be treated well. that's worth the investment. >> said he would be a buyer of stocks right now when you buy even more or recommend buying even more when and if we get the tax deal done. >> that is absolutely correct and without reservation. stuart: i do not have been been 322nd delay between myself. i'm going to fix that. i'll give you a negative. it is a headline in the u.s. economy. household debt reaches new record and send delinquency rates rise. there is more data out there than ever before.

did i trouble you about where this economy is going. by the way, $12,296,000,000,000,000 worth of household debt outstanding. highest ever. traveling? >> the absolute -- that does not trouble me. record level stuart does and here's why. but that i suggest to me is we've got entire generation of people living beyond their means at their means at a time when we talk about tax reform in repeal and real profit and companies like amazon, for example, 30% a year. the calculus doesn't matter to me. i don't know whether reform the system for the dead good to me it's the credit mechanism that's driving this. but i'm not a politician. tree and we've also had reported they know you're big on the stock and that's amazon. with god -- you said it's going to a trillion? who did that? morgan stanley.

they say fairly soon within a couple years.stock will go to $2000 a share and will be worth a trillion dollars. what's your comment on that? >> that's accurate. i'd be surprised if we have to wait that long. >> are you kidding me? you think within a year if it's 2000 really? >> you've got to assess this in terms of real estate growth. amazon has got it. knocking off the wall on every metric available. dig into data, fulfillment, media, they can to content. those are things firing on all cylinders for which the market is hungry and if you put in the tax reform, britain and the additional money, i think it's absolutely possible.

stuart: set the world on fire. thanks indeed. we appreciate you being with us. thank you. check the share price of general electric. as you probably know, is slipped below $18 a share yesterday. 17 bucks in change. after taking a 2.3%. a new ad campaign targeting republican lawmakers in california. voting no, on the gop tax plan. coming up on the subject in just a moment. the vice president and calling on business executives for the gop tax plan. as former press secretaries with us as well. back in a moment. ♪

trained to do remember that song? in the early 1980s when i came out that's all you heard. the themes did a video game super mario brothers nintendo syntax of the hollywood studio to make a super mario brothers movie. back then the movie lost a lot of money, got terrible reviews but they're going to do it again. vice president tends to get out there and support the gop tax plan, please. listen to what he said last night at an event hosted by "the wall street journal." >> such great corporate citizens. i encourage you to exercise that citizenship in one more renewed way in the next month and that a

step help us communicate past the politics of this down, bring real tax cuts to the middle class in this country, and real tax reform to the american people been transferred additional reform to unleash the boundless energy of the american economy. train to get out there you executives and support the tax plan. the gentleman on the right-hand side of the screen is the former press secretary for vice president tends. ceo these days for the big company to get out there and support something from president trump for support something from republicans. >> i don't think so, stuart. beyond title of ceo, many people in the room are community leaders back home. they have neighborhoods, neighbors, leaders and churches and organizations.

when you're asking them to help make the case, your people with credibility that talk about the impact of tax cut and wonderful men in their communities back home and there's no better messenger then people putting people to work creating products and that's what the vice president is asking for. stuart: i've got to ask you about roy moore. mitch mcconnell says jeff sessions would be a good writing candidate and we have sean hannity on fox news channel giving away more 24 hours to come up with a satisfactory explanation of the charges against you or get out of the race. pretty strong stuff. what do you see as the endgame with roy moore. >> a lot of people in washington d.c. at the highest levels of gornnt a politics he made their beliefsnown on this. ey believe tse allegations are disturbing beyond belieand many have have lled unremard to step down. ultimately up to the candidate.

stuart: we know there's enormous opposition to the men and most republicans don't want anything to do with them. give me the endgame. how does it play out. >> ultimately judge moore has to decide on behalf of the people of alabama are they better off people who want tax cuts, people who want to growing economy, strong borders whether he's willing to take the chance we'll have a senator from alabama, solid republican state more aligned with chuck schumer, nancy pelosi in liberal hollywood elites and the candidate who could go out as support the president's agenda in right now that's what the risk right now. trades are enough to do again what you think is going to happen? do you think were more stays in our steps out? >> i don't know the man so i don't know what his personal decisions will be. it's up to him and the voters of alabama. we face a very real possibility here as long as he stays in the race that shall have a senator

from alabama that's more aligned with chuck schumer then joining the president and his agenda to make america great again. stuart: you want him to drop out but you're not sure that he will. can i summarize it like that? >> that's fair to say. stuart: made a big splash yesterday when i pointed out george soros 400 millionaires were urging again tax cuts. they actually want to pay more in taxes. it's on our screen now. you got some advice for millionaires who want to pay for it. tell us about it, please. >> this is typical liberal philosophy that they should tell the government what to do with their money. if millionaires and billionaires want to pay more taxes, they are free to do so on their own voluntarily. you could not take the tax cuts in place are ones passed in the new tax reform bill or better yet cut a check from the federal

government. treasury.gov will tell them how they can cut a check and donate money to the federal government. they can do it right now. as voluntary as opposed to the liberal orthodoxy this is the government must tell you what to do. trying to commit a website again. >> fiscal.treasury.gov. stuart: fiscal.treasury.gov. stuart: we've got that nailed. on this program, remember we asked at your john hurley what it's like to be a conservative in hollywood. it's a toxic environment. anthony sabato junior answer that same question. judge andrew napolitano said michael flynn and his son are likely to be the next ones indicted in the molar investigation. he is here to explain. the hotel homolog fans will get lost in new york offering the full kevin mcallister experience 25th anniversary.

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>> excuse maker lowers the lobby? >> down the hall into the left. >> things. stuart: there was a clip from the movie home alone two loss to new york. we are showing you this because they are going to celebrate the film's 25th anniversary. you can live it up like the movies main character kevin mcallister's -- kevin mcallister. the hotel concierge will arrange gas to take a limb a ride around new york, see the top attractions. by the way, $895. releasing the first barbie tour he job. made in honor of the olympics center. part of a barbie's hero line of dolls that pays tribute to women who find accomplishments in their field. thanksgiving a week away. stove top stuffing know you're

probably going to be eating the turkey and everything else. that's why they released stretchy thanksgiving pants. twenty-dollar pants. they are so popular and they stretch out as you're eating. they birdie sold-out. we told you about the pizza and ice cream heading to the international space station. it arrived at the space station yesterday. highfalutin could soon be coming to colorado. a new deal would create a network of roadside tubes and then repeated promises to make drivers and their car to the destinations at 200 miles an hour. i don't get this. groundbreaking maxtor develops in place by 2021. okay, i'm reading the script.

when i'm riding a 200 miles an hour in my car. they are all laughing at me. president trump: senators, urging him, repeal obamacare mandate. nowadays in the senate bill. all over that. plus coming to china's president to send to north korea. i'm calling that a trump big win. alaska done while he was away and now he's back in the tax reform push is on. more "varney" after this. ♪

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stuart: well, well, welcome over at unwanted or 60, now we are down 79. a little bit more green. president trump acting d.c. here is the tweed. our great country is respect it again in asia. you will see the fruits of our long but successful trip for many years to come. by the way, china now dispatching a nonvoice to north korea that is probably one of the fruits of the president referred to as his asia trip.

fox news contributor with us now. mark, i see this as a plus for president trump. who knows what was said in the background in asia, the fact is china has not set this high-level person to north korea for a couple years. >> absolutely it does. on foreign policy the trip was a huge success. a fantastic speech, strengthen its relationship with president xi, prime minister abe, his speech in south korea on the north korean problem where he basically said don't test status, don't make the mistake. we don't look for work, but we are not going to shy away from it sends a clear message to north korea that he is willing into beijing quite frankly that he will use no terry forces if necessary to stop north korea with icbms. we don't know what happened behind the scenes, but i suspect

we will see some progress or have to go down the trap of the alternative plans. stuart: do remember not too long ago president xi came over to america. president trump entertained and that mar-a-lago and in the middle of the dinner the president got up, came back after a few minutes and told xi, by the way can we just launched on syria. that was sending a message we will do it if we have to do it. look at this. you agree? >> very much so. he needs to look at that for how to do with north korea. the reason and no diplomatic progress takes place as north koreans don't think we would take military action because they think that we strike north korea there would be a cataclysmic war, and the people will die. it's unthinkable. what he needs to do is send a message to north korea that you are no longer allowed to test ballistic missiles, no longer allowed to test nuclear weapons.

the tribe will take out the missile launch commit a nuclear weapon on the test site and we will take more action and retaliate. he launched the attack and did a limited strike from which they use chemical weapons, but didn't want broader attack. that could be the solution where he unilaterally declared north korea is a ballistic missile no-fly zone in the nuclear no test on and we will enforce that if the north koreans don't come to the table. stuart: that's a plus i've got to say. look at domestic policy. is it possible to presidents is on the verge of a double win. the obamacare mandate illustrated the senate tax package in a notice the tax package itself is looking more and more likely to get passed. that would be a double win i think. what say you? >> 100% correct or the other reason paul ryan didn't include the obamacare mandate repeal in the house bill is because the

senate seemed unable to do it. if the senate could come up with a plan that repealed the obamacare mandate that gives us more revenue to work with to make tax reform better, but republicans can go to the voters and say look, we pass fundamental tax reform that will bring jet fuel into the economy and spend growth and jobs to the american people and we started the process of repealing obamacare by getting rid of the original mandate and a top about what the economy economy growing, stock market going gangbusters they can look into the 2018 election with a real case for reelection was senate majority. stuart: a little time left and i would love to answer this. you think they'll ever get used to it. this president is so unusual, so different, just so unusual. will we ever get used to it? >> i think we'll get used to it. all the stuff that upsets people

about donald trump, the tweets and stuff like that, if you can get tax reform through common obamacare mandate repeal of coming through, and the legislative areas where they -- a stacking more conservative judges onto the district, the courts of appeals than any president in history. if he can get a substantive things through, all of that will be just noise. we will be used or because we'll be enjoying the fruits of his resident fee. stuart: defers. thank you for joining us. we'll see you soon. >> thank you for having me on. stuart: dan weber the ceo and founder of the association of mature american citizens. that by the way of the conservative counter to aarp. great to have you back. how are you doing, sir? >> we are terrific and i've got to tell you a million members are overjoyed the senate has finally taken to encourage and dunaway are put in the bill to do away with this burdensome

individual mandate. stuart: you want it gone? >> we definitely do. it's horrible. obama had the audacity of to put it in the first place. where in the constitution doesn't say individuals, we are talking about small business owners, blue-collar workers should be forced to buy a certain type of insurance and taxes a penalty the american worker because the government orders them to do something and if they don't do it they get taxed. we are happy about this. stuart: you're happy to see it go largely, political or ideological grounds. what about your members? does he do anything for them? >> es. the ultimate will be it will open the market place. the less regulation we have from obamacare the more the insurance companies would get back in the

market, compared to policies and this could be the beginning of the avalanche of getting rid of obama. stuart: recasting with aarp with membership? >> over one point remembers and growing. my understanding is they are not growing. stuart: we like to hear that dan weber. thank you for being with us. good seeing you. i'm staying on obamacare. turning back judge napolitano because earlier today in the 9:00 hour, two and half hours ago, the long show, and that you stated at the top of 9:00, you get rid of the obamacare mandate and you destroy the constitutional basis of obamacare. >> because the only basis under which the court upheld the statute was the congress' power to tax is unlimited. i give you an example. congress can't make me wear a green tie, the congress can tax

me if i don't. its regulatory powers are limited, taxing powers are unlimited. if you take away the tax in the statue, no constitutional basis to uphold it. i hope the members of congress realize what they are doing because they fail to do this and the previous nine months of president trump's presidency. with one sentence eliminating this individual mandate, they will theoretically invalidate all of obamacare. if there is another challenge in the federal court and they follow what the supreme court wrote in june of 2012, the statute is invalidated is beyond the power of congress. stuart: therefore, this is a big crackdown. >> enormous. stuart: spare with me. i've got to leave time for this. you are saying the mullah investigation is proceeding in my clan and his son could be the next to be indicted.

>> yes. the reason i'm shaking my head as these have nothing to do again with president trump. there is a witness. outside of the witnesses at the end. he overheard general plan and others conspiring to kidnap a turkish cleric from pennsylvania and deliver him alive to his enemies in turkey. the witnesses the former director of the cia, jim woolsey. general flynn has denied this. it was there when the conversation took place. if it's just a conversation is not a crime. if someone acts on it, it takes a step in furtherance of that they could all be indicted for conspiracy. other potential charges against general flynn working as an agent and not registering, being a foreign agent, either general

or the president's national security advisor. all of this in an effort like with manafort and gave to squeeze those on the totem pole committed to the person at the top. let's be honest, bob mueller has won in its crosshairs. the president of the united states. stuart: i'm just not sure i agree with that. kind of the parent to the danger of an independent counsel. i've argued against congressman jordan saying yesterday been independent. the justice department can do it. independent counsels engaging to justify their own existence dangerous to democracy. now you agree. stuart: i always agree with you. >> this morning he told me i was soft. see you in the morning. stuart: new ad campaign

targeting republican lawmakers in california. the ad urges them to vote no on the gop tax plan. we are going to ask about that. remember, a california congressional candidate.

>> i'm nicole petallides with the fox business brief. airbus signing of vague deal with the airline deal ever. the $2 billion. now this investor not solidified a few weeks to finalize it. the 8320 jacks will go to frontier airline. gawain immediately hit up with some deals to sell 175. the ideal could be worth 27 billion. airbus up about 50%. boeing 70% this year. you named it brad.

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watch in public bathrooms. we thought you'd like to know. the new ad campaign in california. this ad urges them to vote no on the gop tax plan. take a look. >> the gop tax plan to many tax players. >> people in california will pay a heavy price. could be devastating the real estate market. in that republican tax plan will raise taxes in california families by eliminating middle-class tax deduction for the super wealthy and big corporations. >> the ad was funded by the way, a group called not 1 penny coalition. batman, right-hand side of the screen, actor and california congressional gop candidate.

welcome back to the program. always good to see you. i have to point out that there were parts of the ad which are accurate because if you get rid of the deduction for state and local taxes and high tax tax state like california, they would be upper income people who will pay a lot more. how do you feel about that? >> i don't know about that. propaganda that the republican party is not doing good enough and they should be doing better. you're actually going to give a relief to the american people next week. i feel really strongly about it. democrats have been running the state into the ground. all they do is tax people and regulate every type of business, especially ventura county as hard to open up any business. this is a relief. it's a complete lie. republicans have been the one who lower taxes across the board and they will do at this time. we finally need something. it's been so long, so i urge everyone in congress.

i was just there a few days ago and they work extremely hard traveling around the world supporting our country in making america great again. and this is our time to give everything back to the american people. i don't know if this is tax relief will be great for the united states. stuart: you are republican in a state which is heavily democrat. when you go out there and he makes speeches saying this tax cut great. the republican party will get you going. what's their reaction to you? >> the reaction is overwhelming. the american people have woken up and they are speaking loud and they want their country back and they want people to go to congress to work for them. not the other way around. my boss is the american people. the county ventura county means a lot to me. my opponent lives in santa monica and she represents

ventura county. that's unacceptable. i'm here to support my county. i love it. i take pride in my county so i wanted the congress and make sure they get everything they need all the way across the board. the team has. the, farmers, police officers commit teachers. everyone needs a lot more than ready to do that, especially vote antonio.com. back to your question, and it's pretty cool. i love it. stuart: that's good. okay. on this program yesterday, we asked our tour jonathan hurley would like to be a conservative in hollywood. just listen to what he said. >> you really can't have a conversation with anyone. there is an assumption on their part, but roe hollywood, do you are as they are with the current regime. so i have to sit there and listen to this and watch this roll of the eyes, but it's a toxic environment and they react

viscerally to the fact you don't agree to that. stuart: they react viscerally that they don't agree with you. >> it is. they talk behind your back to me to want to put you down and sometimes even physically put you down. but it's not going to happen with me. i'm an italian. i'm stronger than ever. the american people are fed up. they are going to win this campaign into running this country going back up again. i feel good. stuart: retakes tough guys on this program. you are all right. you can come back again. we appreciate being here. stuart: the creators of the game cards against humanity taking on president trump on the border wall. wait until you hear what they did to prevent the law from being built. we've got a story for you.

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stuart: had heard of cards

against humanity. the game is created -- to prevent president trump's fall from being built. about our president. "lord of the rings" is so afraid he wants to build a wall. cards against humanity and they've hired a law firm specializing in a minute domain to prevent the law from being fully built. president trump tweeting about those three ucla players in china. here's the tree, do you think the three basketball players josé thank you, president trump? they were headed for 10 years in jail. ashley: they are not out of hot water. they'll meet with the press. they are going to give his statement that they are not going to take answers. the school's reputation has taken a hit here.

yes, they were lucky to get out of china, there's no doubt. the story isn't over. >> there is video of ben. >> you in hot water. transfer the school is wayne in giving back -- stuart: i wonder if they will. it is a difficult situation now we are home. thank you. what is wrong with that? trigger will be interesting whether that's part of their statement. stuart: do you think they should be kicked off the team because -- train for there is video truth they were stealing from multiple stores.

stuart: it's a bit murky as to what the evidence was. they're representing not only the school that the country. it became an international incident. stuart: or producer was right. they embarrassed our country. they did. liz: if it's true, yes. got us out of the mess. thank you, sir. there will be more "varney" after this. ♪ did your senator or congressman get elected by talking tough on the national debt? will they stay true to their words? or did they promise you one thing... only to do another? right now, congress is talking about tax cuts that will add trillions to our national debt and hurt our economy. it's time to tell congress... don't borrow more money from china. and leave more debt to our kids. keep your word. tax cuts shouldn't add to the national debt.

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stuart: let's look at general electric. it is up today. it has regained $18 per share. it is nowhere near where it was say six months ago, a year ago. ashley: not even close. stuart: investors seem to be saying, look this long-term turn around plan is a very long-term plan. ashley: they don't like what is outlined at this point but it did get down in the 17s.

liz: that is 1997 levels. stuart: i'm fascinated by demise of such an extraordinary company. my generation, '80s, '90s, that was the stock. ashley: staple of every portfolio. liz: lost 100 billion in market value over the last year. 150 billion since 2006. stuart: america moves fast, doesn't it? when have you seen such a huge company -- ashley: you can get left behind. that is what happened. stuart: indeed. we look at the big board. we have come back a bit. we were down 160. now we're down 80. anyone want to best whether or not we end the day higher? ashley: no. no. liz: flat. flat. stuart: flat. ashley: there is too much uncertainty out there. oil is low. i don't think they will come back today. stuart: you're on videotape with liz. could be up 90 or down 90. liz: all right. stuart: next hour the house

begins debate on their version of the tax bill. that is very, very important because it has to be on the fast track. president trump will address the house republicans tomorrow right before they vote. time's up. neil it is yours. neil: thank you very much, stuart. house is expected to debate this afternoon the tax measure. senate already putting fine-tuning on its own plans. those go plans are far apart as things stand. market well off the lows earlier today. concerns this doesn't go exactly to script. go to adam shapiro on capitol hill with the very latest. hey, adam. reporter: neil, the latest we're hearing from different senators we expect the senate finance committee to actually vote on the measure and send it to the full senate tomorrow. let's get into what some changes mean for americans going forward. first, all of these tax cuts, would essentially expire in 10