>> will never balance the budget. you raise revenue by firing up the economy. have a great day, everybody. we'll see you tomorrow. "varney & company" begins now. stuart can take it away. tree into luscious call this amazon day and be done with it. ladies and gentlemen, online shopping is taking it over. cybermonday, black friday all blended into one giant retail festival. the mall did see strong business. the bricks and mortar did okay, but the the real winner online. $7.9 billion worth of merchandise sold thursday and friday of last week, thanksgiving day and black friday. $6.6 billion of online sales expected today. those are record numbers. we are indeed in the middle of a retail revolution. starting the tax cuts.

the president meets the senate finance committee today. mcconnell, ryan kermit, schumer, pelosi tomorrow. he wants a win, so we repeat the question. is it possible to republicans will say no? don't answer that question. the market holding it right. the dow opens flat. at or close to all-time record highs. we will be paying close attention to amazon. the $100 billion network on friday. how many billions will he make or lose today? we'll find out. "varney & company" about to begin. ♪

stuart: okay, not by the way with the beatles obviously love me do. well done. that was the first pop song that hit the charts by the beatles back in 1962. why would play in that? a picture tells the story number prince harry and megan markel. they've announced their engagement. trade through the worst kept secret in the royal watch. they got engaged last month and will be married in the spring of next year. this is one of those things and has said he wants to begin a family and doesn't expect it, megan markel is 37 years old. turned to older then him. ashley: says the divorcee, american of mixed race. her mother is african-american. both her and harry went to see the queen. she snuck in through a back door

to meet the queen, has given her blessing. everyone absolutely delighted. they were living at kensington palace, which is exactly where harry has lived his entire life. trade usurious fifth in line for the throne. true throughout though he'll be stick thin line when kate gives birth to his third child that he is going down the list. stuart: i'm glad we have this entertainment. two guys with british accents time the stories. we shall move along. the weekend online shopping. 7.9 billion in sales. that is up eight teen%. the man who coined the expression retail outrage bert flickinger with the resource group. i say this is amazon's ear. case closed. >> the fox business premarket

exceeded $1200 this year. "varney & company" prediction was $500. made 700 a share going at 1250. >> you point something out here. amazon right now is that 1200. it was at 1200 earlier. you said it's going at 1250? >> with the royal wedding and with kate middleton really setting fashion trends, that is great for retail. yes commercial retail ice age with retail wreckage, now you've got a rebound in some of the well-capitalized department store slide by harvey nichols in winning online as well. stuart: you've got to be kidding me. >> fashion trends in the royal weddings will be great for retail worldwide.

jackie kennedy when the beatles released their first single and 62. trendy scene in japan when they get a new emperor? >> not as much. >> i want you to give me a big winner other than amazon and wal-mart for next year. one big winner you think. >> ten-cent alibaba and the people's republic of china and in the u.s. will continue to be on fire. >> i went to press this point. i think america is beginning to look and feel differently because of the revolution for its online shopping. it is a cultural sea change. >> completely correct. these cutprice discoveries that people are getting the best bargains online, in-store or a combination of the two. shoppers are motivated eclipsing

$1300 announced today. people making more over time hence a retailer amazon and the rest of what survives online will do well. >> i've never get the energy. stuart: thank you very much. here's how we are going to open this morning. dead flat is the proper word to use. we are about 450 points away from 24,000 on the dow. we will be checking in throughout the day. the merger deal of the day. meredith has struck a deal to buy the magazine publisher time valued at 2.8 billion. meredith camargo better homes & gardens and a lot of others. the conservative koch brothers put in 650 million into this deal. they say they don't intend to have any input into times

management or editorial policy. we'll see how that turns out. let's get to senator franken or congressman conyers will resign after allegations of sexual harassment. conyers is stepping down as ranking member of the judiciary committee. james freeman, "wall street journal" editorial page kind of guide both democrats, both political supporters of women, the both are stating. you're reading on both of them staying. >> political supporters of women i don't know. politicians prevent their visas for women and other people disagree. i think democrats have lost a big opportunity here in not having the sky step down. these are both species that they could have held onto that they are allowing themselves to become the party you are at least a party of sexual harassment and i think that's a mistake. stuart: you think it could hurt

them down the road? >> if you look at conyers committee ranking member slot in the judiciary committee is nothing. republicans control the house, the powers that the chairman. he has some privileges as ranking member. this is really not a sacrifice. essentially they are going to status quo. on tuesday they would hold. they would have no political price, only upside of these guys would leave. stuart: just couldn't quite do it. president trump meets of the senate finance committee members today, and it's a bit. obvious question. do you think we are going to get -- you are in the inside of these things. editorial for "the wall street journal" to think i was going on. are we getting a taxi of this year? >> yes we are. this is going to have been the republican caucus in the senate is unified on the idf has to have been as far as the details i really can't see jeff flake as angry as he is saying no to the

growth economics who supported his whole career. bob corker has made a deal for trillion and a half dollars for tax cuts. i think i'll stick to it than john mccain always the wild card. if he is assured that our defense spending is going to be robust, which i think it probably will become a more robust than i would like it to be, that you will see big spending there. he comes on board, too. >> lisa murkowski from alaska says she's okay with getting rid of the obama mandate. what she got in return was a promise that we will drill -- refuge. poser quid pro quo. i do not cause an exclusive quid pro quo. if we have cheap fuel for the economy and we are not relying

on two supplies for school. stuart: if i asked the question is that possible republicans will turn this down and say no at the last minute, your answer is not out of the question -- out of the question, not going to happen. >> you may see joe manchin from west virginia support the coal miners but the yes vote for the democratic side of the aisle as well. >> nothing to base it on, but they will get it done. actually no reason for optimism. >> we may have some video of this. we are talking bali now. big volcano there could blow totally any moment. spewing out a great deal of mark shall i call it. 100,000 people ordered to evacuate. the island is on high alert. a bit more and not one for you. the consumer financial protection bureau, top official dairy assuming. she says she's in charge and not

the president's pick. big states here. judge napolitano back from one of his all too frequent vacations. who is going to win this legal fire. how is this. dire warning on killer robots from tesla's elon musk. he says there's only a five for maybe 10% chance that we can prevent killer robots from wiping out humanity. have a nice day. more "varney" after this.

stuart: now, i spent a lot of time on the island of ali in indonesia and there's a volcano right there. >> they still talk about you. this volcano had a last eruption in 1963 showing signs that it's about to explode again. seismic activity basically ugly

knob. authorities say you've got to get away from this going out six miles. 40,000 people inoculated the within the danger zone a lot of them have livestock and they don't want to leave and are trying to find a way to get there animals out of the danger zone. this is an emergency situation. stuart: hotels? there is only one hotel when i was there called the bali beach hotel. 20,000 of them now. an official at the government consumer watchdog agencies doing president trump to try to block bridget director mick mulvaney from taking control of the cfpb. judge napolitano is here. welcome mat, young man. welcome back. >> happy thanksgiving from one american to another. this legal dispute is not over,

but it should be because mulvaney is in the chair and the lady sued on around back without the backing of the cfpb. >> the executive branch to administer the laws except that this is a horrible law, which provides that as soon as there is a vacancy in the position of director, the deputy director takes over because mr. cordray, former director told them two months ago he was going to quit. they should've appointed a deputy immediately and not wait until he actually quit to get somebody in there. the statute is so bad here to ask me this. can congress cut off the funding? stuart: i know the answer. they cannot. >> this is a creature unrecognized by the constitution that congress can only stop by rescinding it now takes 60 votes in the senate. stuart: there's going to be a

legal standoff. but in the meantime, connecting direct or, mick mulvaney said in the chair right now, probably watching the show at home, >> i don't know the answer if you can make decisions. i would hope a federal judge would rule quickly and i would hope the fight does not come to pass, whether they sign the money or not. the federal treasury. it's a ground ball. >> moving on. look at this. michael flynn's legal team cuts ties with trump's lawyers quickly, would you read into that? >> that the agreement they had with trump's lawyers cannot be followed because general flynn wants to point a finger at someone. only one person north of them on the totem pole not the president. what credible evidence of crime does general flynn held about

the president? bad news i would not say that at all. stuart: would you make of the royal wedding? >> a candle in the show is important that this is the legal community chooses god. i know i will hear from this is your producers chooses this has the lead story. stuart: is the most crabby and entertaining. >> i'm happy when you're hot to you. >> i had lasagna on thanksgiving. >> you're kidding. did you think of me? i had a turkey. stuart: you're so american. topping to buy a big stake in uber after dave paid hackers. did they get a better deal

therefore? more "varney" after this.

stuart: meredith and time inc. struck a deal to get together to point a billion dollars. the coat is putting 650 million but they say they're not involved in the editorial of

"time" magazine. what he think of that, james freeman? >> meredith is thrilled to have the money. the third time they've tried to buy time. they finally can do it because of the financing. is i think you look at those titles come in they could use a little koch influence, little libertarian spirit. stuart: i always think of left of center and the koch brothers are libertarians, conservatives on the other side of the fence. 650 million they are not going to touch the editorials. >> but they can still -- stuart: no management influence, editorial influence. >> time is a much better business back when it was an outward looking, forward-looking patriotic publication which is how it was founded a century ago come astray from now with a much smaller business. "sports illustrated" wants to make everything about politics.

they have to reconsider whether the koch brothers might be a healthy influence here. stuart: one comments on softbank is supposed with billions of dollars into her. last week they covered up by major hack by paying a bribe, and therefore getting a better price and better deal. >> they certainly won't want obviously the shares don't trade publicly. it's private. the valuation of $60 billion which happened before a lot of the bad news is obviously saying we want a better deal for buying from existing shareholders. cooper is trying to basically maintain the nearly $70 billion value at least in perception even if softbank and the valuing roughly 50 when they buy. this is going to be hard for uber to maintain the 70 billion mark as they go forward here. stuart: will he find out what

the price is? do they have to be? >> i think we will find out, but obviously they probably prefer we didn't. stuart: it is monday morning and about five-point vitamins they will open the stock market. we will open ever so slightly higher. if the s&p does open higher that will be a new record high. same story with the nasdaq is that opens to the upside that will be a new record high. we will play very close attention to amazon. early this morning we saw the amazon price go by at $1200 per share. that means it's up about $15 from friday's close. on friday remembered amazon win upcoming jeff bezos became worth $100 billion goes up another $15 worth $101 billion. this is amazon's day, amazon zero all over it.

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thing called cybermonday. we are checking closely on amazon all the way through. we heard a few minutes ago that amazon across the 1200 per-share mark. let's see how we go from here because it is 9:30 on a monday morning of running and where we go in? let's rethink that. now we are down one. hold on. now we are down for. i am not moving up the screen. there you go. now we are up two points. 2.5 points. the s&p 500 is a new all-time high. 2602. check the nasdaq. a new all-time high. down 200. stick with it.

leave it at that. check the retailers. where are we with their olive pit the bricks and mortar guys had a pretty good thanksgiving holiday. wal-mart at 96, pennies up, $3 a share. three dollars a share for jcpenney and sears, no change ratepayer. i'm going to start with tax reform. hold on a second could a second. the online shopper is amazon all-time high 1204 up another 1.5%. that means base those is worth $102 billion as we speak. ebay up overstock.com wayfarer, i-9 shopping, bricks and mortar up all across the board. now, tax reform. let's get to it. president trump meets the finance committee members today. does that mean we'll get it deal

fast? ashley webster, lauren simonetti. good to have you with us this morning. this is for you. if we get attacked deal this year, do you buy on the news were to use on the news? >> first of all, anyone who doesn't believe this is our third and is deluding themselves. the fact is people have given this in effect give, incompetent congress too much credit. they are to believe it's going to happen in my opinion from day one is it could not happen in time and we have to flip the script here and realize that if it doesn't happen or if they start this infighting, the market is going to reverse because the whole america is contingent on what the ineffective government does. ashley: jpmorgan said they believe it's an 8% boost if and

when tax cuts are approved. 3% as our debate into the market. another 5% yet to come. >> most people say the hope for tax reform is not baked into the market. do you say it is. drink you can answer the question whether you like it or not. get a tax deal this year, signed, sealed delivered this year. you buy more than news or do you sell? >> islet cells. stuart: your mom is watching. quite an answer right there. you want to take this up if we get a tax deal. i'm asking anyway. a tax deal done this year, do you buy or do you sell on it? >> on the long-term investor in the u.s. and them doing more. having said that, you get some corrections along the way. these are not cheap stocks. we are trading high relative to earnings. i would say i'm increasingly

bullish about the united states. if you're asking me is the market going to run off within a few weeks. stuart: i'm asking you to answer the question. signed, sealed, delivered. buy it or sell it. >> i don't sell. >> by. you have to remember the plan. if you believe the corporate tax cut in middle-class tax guide gives you bigger economic growth you start to see the economy growing faster. >> a lot of people can real the 401(k) as our january the first. you can say a lot more allegations was docs or bonds or cash. you can do that kind of thing. ashley: the global economy is growing. >> listen, and this is a windfall for small businesses. i'm an advocate for all

business, boy of the market 50% of the game has come from five stocks. five great stocks, but five stocks then i totally realize five stocks cannot continue to drive the market and to realize that yes, we need tax cuts, but there's a difference between the economy and the market and that's where investors get confused and if they don't nurture realized the economy couldn't prove and does not have to keep going up. >> i do want to draw your attention to amazon on the screen. $1212 per share as we speak. amazon running away with it. listen to this. adobe say that consumers spent 7.9 billion black friday and thanksgiving or two days. i believe that's a record. we've seen a cultural shift to online and away from bricks and mortar. i don't think you can doubt that. this is online selling.

>> the national retail federation for the first time this year is official more people will shop online and in a brick and mortars and last year on black friday when they sold 740 items per sack in a mature brick-and-mortar how do you compete with that? >> i still think amazon is the story of the day. the stock is at an all-time high. $1212 a share. jeff bezos is now worth $102 billion. do you have any comment on amazon? >> first of all i think he is a luminary and the fact is every day is black friday to jeff bezos. he's made about 32, 34 billion alone. i'm going to say that from a lot of people are going to object to this. jeff bezos is getting to the caliber of what steve jobs was and he is going to take retail

to another level when alexei reaches its full impact, it is going to be amazing. stuart: let me check -- >> or his negative pr and amazon how the workers are being treated working 55 hours a day, sleeping standing up. they have pictures of. there could be some negative pr. stuart: they are $25 today. just to a big board indeed dead fly. we are down just one point. 23,556. a price for tesla 150,000 miles if you buy. ashley: $150,000. stuart: $150,000. 150,000 bucks is the price. he's got a 500-mile range, $180,000 is your price.

netflix house of cards with cast members and crew it hopes to resume production soon. netflix cut ties with passive cars stars after sexual harassment. down a fraction this morning. disney's pixar makes cocoa, the big movie over the weekend brought in $71 million that i can safely report three of my grandchildren saw it and absolutely loved it. they were trance fixated. you don't have any grandchildren yet do you? >> could not get as far as i know. i have not seen cocoa, but i will say the animated film of the decade as storks. so if you have little incentive not seen now one company need to get that on video. stuart: that just came out of nowhere. >> there are not many opportunities i have the comment you when i saw that i had to swing at it. traded to the show today has a

friday field. not a monday morning field. jeff sica is here. serious subject. new record for gun background checks. more than 203,000 background checks requested. that doesn't necessarily equate to gun sales, but it has a direct relationship with applications of the number of sales bid would you say to that? >> maybe not ironic, maybe predictable, but areas where people are concerned about additional gun regulations tends to be good for gun makers could stock up before they get restart it. trendy this came days after jeff sessions said he was going to review the whole system because the shooter in the texas church managed to get through a background check because they failed. stuart: any news that implies

it's harder to get to buy a gun means gun sales go up. get them while you can. >> more today, but also one background check covers more than one weapon and so the numbers are even bigger. stuart: bases have trouble processing credit cards in his store on friday. very heavy volume did the trick. the problem been resolved. this is not helping stores. you can't give them your money. >> you think your system would be ready for it. >> this is the reason you should strike up the organ for macy's for them to blow it on black friday after all the blunders they have the last year is just complete me, completely uncalled for and deserved. stuart: i'm not doing it. thank you very much for coming in on a monday morning.

and you, james. thank you very much. check the big board. now up 10 points, 23,566. the archbishop of canterbury and the church of england to the anglican communion says he has no idea what evangelical christians in america would support president trump. he is battled by it. we will have to do some explaining. sarah huckabee sanders tweaked a picture of the pie she baked for thanksgiving. one white house reporter wants photographic proof that huckabee actually baked a pie. >> is that a joke? stuart: that's not a joke. mike huckabee, father to sarah huckabee sanders, did he eat

this tide? a friday field to the show.

train to return higher, not that much up to 19-point spirit 23,576. the s&p 500 hit another all-time high. ge on the screen. nvidia is teaming up with general electric to bring artificial intelligence to hospitals. an interesting combination. >> artificial intelligence just for you to make your experience better improvements for health care for people in this is going to be with the scans. which will be two times faster. talking about this collaboration pushing artificial intelligence pain every radiologist will have

artificial intelligence, machine learning, it will become a necessity for every radiologist to make your experience better all happening at the 103rd radiology society of north america. stuart: interesting choice. they are getting together. thank you indeed. president trump treating about tax cuts moments ago. the tax cut bill is coming along well. great support. just a few changes. the middle class producers get even more in actual dollars in savings in the pass-through provision becomes simpler and really works well. very long sentence. nonetheless, that's what he just said. archbishop of canterbury, and whatever you call it there. he is baffled by christians who backed president trump. joining us is colonel ralph

peters. normally i bring you stories about diplomacy with the military. here we have an example of the leader of the anglican community revealing just the contempt he and other europeans have for our president. i'm astonished by this. the archbishop says he's met with worse people than the president of the united states. that's a disgrace. would you say? >> well, over over thanksgiving comes to recover your family gathering, most regular church attendees, this topic came up the idea of how can evangelicals come in the archbishop was talking about how can they support trump and we couldn't answer because evangelical christians are supposed to stand for morality, virtue, integrity, honesty, social order and it's hard to reconcile that. although he went a bit too far come in the archbishop of

canterbury, look at the orders. the roy moore issue, when jesus said entrance supports roy moore. he managed a little differently than the way moore did. the only time he gets angry and loses his temper is with trump's cabinet. stuart: i'm not debating the christianity of it, the theology of it. i'm simply using this as an example of how europeans absolutely detest president trump. it's not just the archbishop of canterbury. this is widespread throughout europe. abject total contempt. a quick story. i called my older brother in england right around thanksgiving. he picks up the phone, recognizes my voice and says what are you doing? the president trump is quoting you, tweeting about you by name and i'm catching for it over

here in england. there is an example about that over there as contempt for us over here and i don't like it and i don't think it's justified. >> i certainly agree the europeans have a bright buying contempt but i'm speaking theologically because that's what the archbishop of canterbury does. it is very difficult to understand how fundamentalist christians can support a president trump. i'm answering the questions you asked in nonsense. it is beyond the pale. >> i do need a comment from you on the 300 dead in the cyan i moscow was bombed and attacked by isis. 27 children included there. what is your take on this? >> it was an attack on all civilization. anyone who thinks muslims killing muslims, we should be every bit as outraged as if it was an attack on the church or

synagogue. by the way, it was an attack on the sufi muslims. we in the media do an inaccurate job of explaining to people how various islam can be. even the musicians, the most tolerant members to the hard-core wahhabi's in saudi arabia to al qaeda two-way says, they are heretics because of their tolerant, because of their idea of a spiritual union with god as opposed to the public square. on so many levels, this attack i can't call it that so because the animals don't behave as badly. it was a savage attack on the fundamental meaning of humanity. stuart: well said. by the way, a former previous archbishop of canterbury who said there was room for sharia law in britain. >> it was kind of loopy. stuart: we'll see you again soon. check it out because we are now

moving nicely higher thank you indeed. winners beat losers and we are up i think we are up 38 points. 39 points. i'm looking at amazon at $40. the dallas had 39 points. ge leading the way. a holiday hack warning. cybercriminals setting up phony social media count. and how to avoid the two. i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor.

trantor next guest is tired beware. imitation social media point for the monday black friday. james foster is what it does with social media security firm zero fox and he goes by the name of foster. that's what you prefer. an ordinary guy of plug in my laptop. how do i stop a fraud? >> it's really, really difficult. if you spot it, they have failed. so it is a nod to contact me. >> i search for something. the article comes at me from a fake, bogus website.

>> that's right. try and sell you a fake coupon. that is really taken off this past year. they know at july, the products elected they will sell you a coupon for $100 off for $20. of course you would die back. many try to use it and it doesn't work. train to you identify these fraudsters are than what he do? >> we hope the businesses keep their sales legitimate online. chewing into if i go to zero fox.com. i'm giving you a great commercial. i go on there and i see if this offer, which i just had command is legit. that's how it works? do i pay you anything? >> i hope so. we protect businesses and individuals. come and find out the nature they are protect data mining in

protect businesses to make sure that their business and brand is kept intact on cybermonday. that's really important. you mentioned $7.9 billion have been sold as giving the black friday. we had six points 6 billion today that should shatter the u.s. record. trade 20 fox.com when i find that if i mean fraudulently taken care of. thanks for joining us. i have a warning for everyone from nfl kneelers to the gop leadership. don't bite the hand that feeds you. that is my take coming up for you. plus, sarah huckabee sanders make this pie to escaping. the media doesn't believe her. we will ask for.if that was a factor bacon eaten at the huckabee family thanksgiving. hour two of "varney" in two

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stuart: don't bite the hand that feeds you. don't do it. it may feel booed to get a little discontent off your chest but it is a bad strategy long term. for example, those nfl players that take the knee. it has been going on all season. the results are not good for anyone. football fans feel they have been bitten by a political protests and as the protests wind down the players left with a sport i think now in decline. they bit the hand. another example, the republican party, voters fed it lavishly. they behave it the house, the senate and white house. having fed the party and they fed back failing to stop obamacare. they had bitten the hand that fed them. here is another example. some republican senators are maybing noises about rejecting tax cuts because they don't like president trump. senators flake and corker have

publicly feuded with the president. so has senator mccain. are they about to bite voters hands for personal reasons? if they kill tax cuts they are killing the president's growth agenda and really hurting the country. that would be biting the hand that feeds them. not good. watch out. the president's approval rating is going up. of the hand-biters, they want to rethink their strategy. the second hour of "varney & company" is about to begin. ♪ stuart: all right, realtors, heads up, we got news on new home sales. ashley: another good number. a blowout number for september and october, annualized rate coming in 685,000, much better than expected. up 6% from the previous month and year-over-year up nearly 19%. by the way the average price of

a new home in the u.s. was 312,000. that too is up 10,000. tight inventory, lots of demand. that is what we're seeing in the housing market but that is a very good number. stuart: up 19% year-over-year. that is the number to focus on. we're up about 43, 45 points when the news broke. no impact on the market at this point. however, look at big tech stocks, in particular, please look at amazon. $1207 per share. that's up $21. it hit record high earlier this morning at 12:30 teen. we have sears, they're trying very hard to up their game. offering free home delivery for online orders up to $399. the stock is still in the $3 range. macy's, a big credit card glitch on friday of all days.

that is not helping. the stock is down 1.3%. a big publishing deal to tell you about. meredith buying time inc. there is koch brothers money involved, they say they will not have impact on editorial policy we'll see about that. now this, senator al franken, congressman john conyers both say they will not resign and that amid sexual harrassment allegations. harlan hill, trump for president advisory board. harlan, if i say this is double standard, what do you say? >> well it absolutely is. it's a double standard in the media's coverage of this, and democrats reaction has not been equal, not equivalent, not approximate to coverage of republicans in similar situations. and but ultimately i'm not even calling for senator al franken to resign or anybody else in the democratic side to resign. if they feel like is appropriate, fine. ultimately should be left up to law enforcement, if they broke the law, let the law handle it.

if the voters feel like they should design, let voters clamor for it. let voters fire for them. i have to be consistent too. i feel ultimately what i really care about is not "the national enquirer"-style political reporting that we've seen you know just permeate the mainstream media for the last few years. i'm focused on results. show me results. if your personal liabilities get in the way, voters will handle it. stuart: i think that is very good thing. now in alabama, that is what is happening. voters will take care of this, regardless what president trump, democrats or anybody else has to say. voters of alabama who will take care of this may be a problem. >> absolutely. we don't know what the truth is in alabama. i don't like the way it sounds. i think there are credible allegations here but ultimately i'm not a citizen of alabama. i don't have the right to cast a ballot in this coming election. if people feel like set best representation, the best path forward they have, fine.

fine. stuart: okay. >> if something more comes out and if allegations are substantiated bense senator moore, he can resign later. stuart: that's right. let law enforcement take care of it. if law is are broken and let voters take care of. >> that is not what democrats want. they want to rig this thing. trop this at the last minute. they have known this for a while t was nuclear bomb to try to drop on the election. that is what "the washington post" did. it is disgusting. they knew about this a long time ago, why wait until the last minute to drop this on the campaign. stuart: what do you think of the royal wedding? i'm digressing. my editorial, top of the hour. i'm saying the nfl, the gop, i say they are biting the hand that feeds them. using an allegory there. i think i have a point. i don't think this is a good strategy. it is not working. >> it is not. nfl players are used to eight years of obama. obama wanted to take a knee in

the rose garden. no doubt in my mind he wanted to sympathize with the nfl players. so, you know, there have been a little bit surprised by this they didn't think there would be a president in the white house, would have the guts to take on the nfl. and win. stuart: do you think he has won? >> i think he has won. this will be on the ballot more or less, in 2020. this cultural war question. do you stand for the flag or not? i do commercials all over the country for different candidates, i am putting it in ads. this will be important inflection point in races in 2018 and 20 to. do you stand for the flag or not. that is what we're putting on the ballot. stuart: you revealed your strategy. >> it is no secret. but helps when you have opponents that will not stand for the flag. stuart: fair point. stay there, harlan, for one second please. i want to get to the tax deal. the senate could vote on a tax

reform deal sometime this week. could be this week. one of the big selling points is economic growth. how much growth will we get? ed fullner, heritage foundation president. if we get the deal done, we know rough outlines of it, roughly we know what it will contain, will we get a boom next year, an economic boom? >> absolutely, stuart. the economy, i think will be growing at 4% plus next year because of the basics in this tax plan whether you look at senate version or the house version. you've got full-time expensing of everything. you're closing loopholes and you're lowering the corporate rate. so you have got three components right there that will give us opportunities for much more growth, better job for real americans. stuart: you're using the word boom deliberately. you see 4% growth next year. that's a big jump -- look we're at 3% now. you're talking 4% next year, say

one year from now? that is a very significant jump for the economy. >> oh, it really will be, stuart. i believe, very, heartfelt and it also means these projected deficits from the joint committee on taxation are basically going to be taken care of because the economy is going to be that much bigger. i'm very optimistic where we're going. i hope that the senate has got enough courage to carry on and fet their bill out later this week. stuart: what the big thing that the trump base wants is economic growth, yes, but that that filters down to higher wages for working people. will that happen? >> absolutely, it is going to happen. we're already seeing with donald trump's elimination of regulations across the economy, we're seeing tight labor markets in different places. how do you deal with a tight labor market? , you raise wages. that never happened under eight years under obama.

it is starting to happen under trump. with a booming economy it will happen more. wages go up. you have higher employment rate. i'm generally optimistic. i feel good about getting it done this year. stuart: president trump has lunch with the senate finance committee members today. meets with leadership tomorrow. that is the big four tomorrow. do you think republicans in the senate will come through yes, we'll agree on this deal and get it signed, sealed and delivered this year? are you real firm on that? >> i really am, stuart. one of the key players to keep your eye on right now, of course it has been senator orrin hatch, our old friend from utah, but it will senator mike enzi from wyoming who is chairman of the budget committee and the budget committee has to vote tomorrow in terms of whether the resolution coming forward will be the right one or not and in the budget committee it's a very

narrow margin. it is 12 republicans and 11 democrats. the ranking member from democrats is bernie sanders. you know you will not get support from the democrats. budget committee vote will be very critical. late this week, senate on thursday or friday will have its critical vote. it is back to conference and president trump will give us a great christmas present with a tax bill in law. stuart: we should interview you every single monday morning because you always put news a great mood. you forecast economic boom and great christmas present with tax cuts this year. good stuff, ed fullner, come back anytime you like. >> thanks, stuart. stuart: much obliged. the media wouldn't accept that white house press secretary sarah huckabee sanders baked this chocolate pecan pie for thanksgiving. they don't believe her. a picture after pie this weekend, her dad mike huckabee sets the record straight later

this hour. did he eat it? did he bake it. ashley: inquiring mind want to know. stuart: bake it and they will come but not the media. we'll see dow 24,000 by christmas? veteran market watcher jim rogers will give us his prediction. congratulationses are in order. prince harry officially engaged to meghan markle. this is the video of first appearance after the announcement. she is american actress. not to mention a divorcee. markel will speak about how she love as great love story. ♪

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that means the dow, s&p, nasdaq all of them, reached all-time record highs this morning. we're less than 400 points away from 24,000. the price of gold this morning? did we hit 1300? we did. backed off a bit. that is where he are, $1298 an ounce. it did hit 1300 earlier. price of oil. we dropped down a buck 20. 57.75 right now. there is news on softbank and uber. softbank wants to go ahead and buy billions of dollars of uber stock this week, remember however, uber kept quiet about the huge data breach. in fact they paid a bribe to try to cover it up. ashley: they did. stuart: does that affect the price softbank will pay? ashley: it could. the uber stumbled from scandal to scandal, yes, absolutely. they would like this think of

themselves valued around 70 billion. uber, softbank, leading a group of investors will probably say no. this is closer to 50 billion. the question, how low do they go and what will be accepted and what won't? if they make a low ball offer and uber investors say no, they could come back later and with slightly higher done. uber needs it done. they need the cash infusion. stuart: they do. ashley: scandals don't help. apparently softbank knew about the data hack a month ago so it has been calculated in their offer. the question, will we know how much they come in for? stuart: they're calculating their legal liability. ashley: of course exbecause somebody will sue uber for the release of this data. ashley: 57 million people's information. stuart: sounds like a class-action suit. what is the cost of that? that comes off softbank's buying price. convoluted but essentially uber has had terrible pr. ashley: it is. stuart: it is cyber monday so

they call it. estimated 6.$6 billion is expected to be spent online today. deirdre bolton look where she sis, an amazon fulfillment center in in new jersey. how is it going? tell me how it is going. i'm fascinating. reporter: honestly, stuart, it is amazing. i want to show you here, this is the last stop before the bridge. these are you will at packages. you see this red scanner. this is the last place these boxes get checked off. the caravan will pan around show you the conveyor belt. stuart, sizewise, this place is huge. 1.2 million square feet. if you put that in cubic space, the equivalent of 59 football fields. what you are seeing here with these boxes, these little yellow units are just shoving the boxes down into the appropriate dock door. next step out, you will see some

packages, they are being pushed along. this is where the trucks back into the loading docks. you mentioned this figure, this $6.6 billion figure. if americans spend that today, that is going to be a record, 16 1/2% increase over last year's spending. we all know the reasons why. technology is getting better. it is easier to shop. it is easier to shop from your desktop, your tablet. it is easier to shop from your phone this is driving a lot of sales. here, this place is phenomenal. they are hiring, i should mention 120,000 workers, stuart across 75 centers just like this across the country. 120,000 seasonal workers only. we spoke with a few of them with very interesting stories. some are former teachers. mean time, stuart, back to you. stuart: that is the moss fascinating report of the day, the sheer size of where you are, deirdre, it is extraordinary

stuff. ashley: almost mesmerizing. stuart: it is, it is. mesmerizing seeing packages. ashley: i could watch it all day. stuart: deirdre, you will be back real soon on this show i hope. another all-time high for the dow. for the benefit of our radio listeners, we're up 69 points. 23,627. looks like there is no stopping the rally. check the 401(k), smile, people. we have got good news. ♪ ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to.

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to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. or a little internet machine? [ phone rings ] it makes you wonder. shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. choose by the gig or unlimited. and ask how to get a $200 prepaid card when you buy any new samsung device with xfinity mobile. a new kind of network designed to save you money. click, call or visit today. stuart: this may be why the markets suddenly moved up a notch or two. here it is. a headline on foxnews.com from

senator rand paul. the title is, here's why i plan to vote for the senate tax bill and my colleagues should step up. i think that is a big deal, ashley. ashley: it is. i'm reading what he put here. he says look, this bill is not perfect. i prefer a larger cut. i wish house and senate versions were closer together and keep some form of local state tax deductions but overall this is a good step forward. we can do better. we will try to. we need to get this approved by end of the year. stuart: he came out with it. he is a yes. that is important. ashley: positive yes. stuart: i think that is why the market has gone up a little bit the last few minutes now. now, jim rogers, rogers holding chair, jim is joining us via skype, i believe. is this, i want to know, if we do get a tax cut deal, will you be buying more stock or will you sell on the news that we've got a deal? >> well, it looks like there's a blowout in place, you know. it often happens in markets,

every 10, 20, 30 years we have them. we may be having now. stuart, i would buy japan if this happens. japanese markets are down 50% from all-time high. chinese stocks are 40%. i would rather buy low instead of buying high. stuart: that's fine but most of our viewers are going to be investing in america or no place else. would you, do you think -- what is your judgment here? are we at the point where we're going to straight up, blowout? >> stuart, all americans, especially those watching fox can buy japanese shares. they're listed on new york stock exchange, chinese shares. i'm just saying they're cheaper on historic basis than u.s. shares. if u.s. shares are going to double from here, say to make it up, that means japan is going to double too. i would just rather buy the cheap ones. looks like we're in the state worldwide where stocks everywhere will be going up a lot. stuart: we got 20 trading days between now and christmas. do you think the dow will hit

24,000 by then? >> stuart, you should watch fox business news. they know a lot more than i do. i'm the worst short-term trader in the world. i'm the short market-timer in the world. watch fox news. stuart: thank you very much indeed for that little plug, jim. we'll take it. let me ask you a longer-term question. do we hit 25,000 one year from now? >> oh i suspect we'll hit more new highs, which will surprise everybody, including me, but next year at this time stocks will be down. stuart: okay. clean-cut answer. one last one. bitcoin, it went up by $1000 in just a few days. i think the current price is 9700 if i'm not mistaken. is that a bubble? >> well, if you just showed me charts and showed me what happened in that market over past year or two, didn't tell me what it was, i would say stuart, this looks like every bubble i

ever read about. i don't own any bitcoin. i never bought or sold. i'm not a good one to ask but sure looks like the picture of every bubble i've seen. stuart: gotcha. jim rogers, i'm sorry we had problem with the skype and audio. but you came through and appreciate you being with us. >> my pleasure. bye-bye. stuart: the big winner of the day is amazon. now what you're watching of course is a bricks and mortar store for the black friday but it's amazon and it's walmart. they're two big retailers neck-and-neck here. who else will be very successful in the retail area? one of our retail watchers has what i'm going to call a surprising pick. [vo] when it comes to investing,

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♪ ashley: put you in a good mood. stuart: they try. the dow is up 63 points. took another leg up after senator rand paul wrote on foxnews.com he is going to vote for, tax cuts. look at the big tech names. in particular look at amazon, now up $23. $1209 a share. all the big techs are up except apple which is down 29 cents. nvidia and general electric teaming up on artificial intelligence. nvidia's a-1 technology will help, ai, i'm sorry, help speed up medical image processing. got that. we have a price for tesla's new semi-truck, the all-electric truck. 150,000 bucks if it comes with a 300-mile range.

1$0,000 if it comes with a 500-mile range. ses la -- tesla is down today. white house press secretary sarah huckabee sanders took flak for a pie she said she baked. the media says, prove it. howard kurtz, "mediabuzz." i like to come to you with stories of substance. now i find, is the media really do this, prove it, you didn't bake that? did they do that? >> white house correspondent april ryan did indeed question the authenticity of the pie on twitter with humor. this leave as sour taste. i'm for aggressively covering the white house, challenging the press secretary, arkansas-born sarah huckabee sanders when she bake ad pie. she insists that is her pie. stuart: that is ridiculous, flat-out ridiculous, when you start questioning who baked the

pie sarah sanders said she baked. i have to move on before i explode. the president is feuding with "time" magazine over "person of the year." here is what the president, said i was probably going to be named man "person of the year" like last year, i would have to agree to interview, major photo shoot. i said probably is no good. took a pass anyway. "time" responded the president is incorrect about how we choose a "person of the year." time does not comment on our choice until publication which is december the 6th. my head is spinning, howard. sort me out. what is going on here? >> first of all time says it is incorrect what is exactly incorrect that was a vague non-denial, denial. people saying did president trump make this up or trying to save face. remember he was "time"'s person of year last year. he might have biggest impact on the world and world of news, obviously would be a i had looking candidate. "time" is not going to give it to him two years in a row, doesn't mean there wasn't a

phone call because "time" routinely in advance calls people, finalists. they want photo shoots and want interviews. that may well have happened here. stuart: i suspect the president knew he wasn't going to be chosen, so preempted that choice. >> i think it had preemptive air to it. by the way this, is great news for "time." everyone is talking about this. it is such outdated ritual. a lot of good publicity. time, inc. sold this morning to the meredith magazine company. it has bigger things to worry about. stuart: i'm sure you knew the story. $650 million. >> koch brothers. stuart: came from the koch brothers. they issued a state, we'll not have the person on the board, not meddle with management, not mess around with editorial. i don't believe it. why would conservatives buy "time" magazine if it wasn't to change the editorial? >> $650 million is a lost dollars not to have any say at all. so we'll have to wait and see whether it changes the editorial tone of not just "time" but "people" magazine and sports

illustrated. stuart: you're not supposed to say that we have to wait and see. only time will tell. not supposed to say that, howard. you know that i'm telling you. >> a little ducking there. stuart: howard, thanks for joining us on this monday morning. see you again soon. now this, former national security advisor michael flynn has cut tries -- ties with trums lawyer. there is speculation he will make a deal with robert mueller. corey lewandoski, former trump campaign manager. what does all this mean? is the president it any danger here? >> i don't think the president is in any danger with sorry. what you're seeing potentially, i'm not a attorney, i won't give legal advice if mike flynn didn't fill out paperwork properly with relationship with foreign government, didn't disclose he would be working as foreign agent, that is what i think the mueller investigation is looking into. that has nothing to do with the donald trump or administration, whatsoever.

stuart: if that is what it comes down to, that is very weak indeed, just who signed paperwork, when, how with which pen, that is not impeachment deal, is it? >> well, has nothing to do with the president. again, if mike flynn didn't fill out paperwork properly or didn't disclose properly he was being paid by a foreign government, again that has nothing to do with the president t has nothing to do with how the president ran the campaign what he is doing in office, how he is getting economy doing again. that is the fault of mike flynn if that is what they're actually looking at. mike's decision and his attorney's decision not to continue to communicate with the white house is a legal decision that they have made for whatever reason. but i think it is all about a paperwork issue. stuart: president trump, still backing roy moore, alabama senate candidate accused of sexual misconduct. it looks like this is going to come down to the decision made by the voters of alabama. that is what a lot of people want. what say you? >> i agree 100%. look the people of alabama are

very smart. and they can decide if they want to have a big government liberal with jones or they want to have a small government conservative. they can decide if they want someone who will support the president's agenda, includes passing tax cuts, getting repeal and replace done, getting transportation infrastructure bill done, building a wall, if that the is case they have only one candidate in the race that supports that agenda. you know what? the people of alabama are going to decide in two weeks who they vote for. with a very, very small margin in the u.s. senate, the people of alabama know that they want the president's agenda to move forward and not the chuck schumer agenda. so my guess is roy moore will win the election in couple weeks. stuart: what about the statement by senator rand paul writing on foxnews.com where he says here is why i am going to vote for the tax deal. i say that is very good news for the senate in getting something done. what say you? >> i agree with you.

as you know the president is going up to have lunch with members of the u.s. senate tomorrow to try to finalize anything that is laying out there to get this bill done. i feel, very, very good, that the president is 100% engaged in this. he will get the tax bill done. you know how the market reacts when people get tax cuts. we're going through the roof. we're seeing that today. rand paul's statement is a big part of it. there are only a few senators left on margins here that i think president will have opportunity to bring them along with mike pence to get the bill done, which is right thing for the american people before the end of the year. stuart: corey lewandoski, on monday morning. thank you very much as always. much obliged. >> thank you. stuart: i want to get back to retail which is clearly the biggest story of this particular day. who can keep up with amazon on the online side and walmart on the bricks and mortar side? come on in christian mcgoon, run as etf. electronically traded fund, called amplify and joining us

right now. christian, amazon is dominating online and walmart doing very well in bricks and mortar. they are two leading retailers. who would you say the up-and-comer we should watch out for? >> there's a few companies, stuart. overstock.com is one that jumps out in my mind. they're involved not only selling discount merchandise but doing things with cryptocurrency. also overseas alibaba is big one to keep an eye on. we'll probably do 6 or $7 billion today. alibaba on their singles day on november 11th, did $24 billion sales in china. that is something to keep an eye on. probably a threat to amazon and walmart in the long term. stuart: christian, is alibaba one of the companies that your etf invests in? i know all you do is invest in companies, have this umbrella organization. you only invest in companies, big in online selling. do you own alibaba within your

etf? >> we do, stuart. it is one of the top performing companies we've had in the etf. outperforming amazon this year. that is sergeant etf owns. owns companies not only in the u.s., online retail leaders, but overseas. in this case, china. stuart: straighten me out here, can i go to alibaba's website here in america, me in america, go to the website, buy something on alibaba, can i do that? it would have to be shipped to me from china, wouldn't isn't. >> yeah. it is not the most convenient. alibaba is working with a lot of brands here in the u.s., several hundred are now part of the alibaba platform but for most shoppers it will much easier to go to amazon's or walmart's website. that is something they developed. that is something alibaba would have to overcome. the interesting thing, alibaba, their market in china is so much larger than u.s., they have 80% share of online sales.

for example, amazon the leader has only 40% of u.s. online sales. stuart: alibaba is king, queen, everything else combined, emperor of the chinese online market? they totally dominate, that sounds like the case? >> that's right. yeah, really alibaba and another company called jd.com, that has remaining 20% of the market share. so, you know, some of these companies have good connections with governments in the emerging markets. alibaba is very friendly with the chinese government. that led unbelievable market share, close to 80% of all online purchases. stuart: what is unbelievable to us, christian, that is the performance of amazon, not just number of items they're selling, speed which they're selling but that stock price. it is up $1200 a share as of this morning. what a performance. christian, i'm out of time. thanks very much indeed joining us on this cyber monday. your etf is very appropriate for

today. thank you very much, christian. disney dominating the holiday scene, pixar's "coco "brought in 170 million bucks. "justice league," with gal gadot, with a t on the gadot, sliding to second with $60 million. my grandchildren loved "coco." case closed. media will question anything the administration says, whether sarah huckabee sanders baked that pie. did mike huckabee get a bite? he is with us next. ♪

♪ ashley: neither senator franken or congressman conyers will resign after allegations of sexual harrassment. james freeman says the democrats are allowing themselves to become the party of sexual harrassment. roll tape. >> the democrats have lost a big opportunity here in not having these guys step down. these were both safe seats they could have held on to but they are allowing themselves to become the party of, at least a

party of sexual harrassment. i think that is a mistake. stuart: do you think it could hurt them down the road? >> if you look at conyers, giving up ranking member slot on the judiciary committee is nothing. obviously republicans control the house but power is with the chairman. you have some privileges as ranking member but, this is really not a sacrifice. essentially they're going with status quo.

stuart: it is a very, very big day. we're up. record highs all across the board. the dow is up 78. the s&p up three, nasdaq up six, record highs across those three major indicators and now this. not exactly a major league story. white house press secretary sarah huckabee sanders under fire this weekend after she posted a picture of this pie she said she baked it. former arkansas governor mike huckabee, sarah huckabee sanders's dad, is with us now. settle this please. did you bite out of this pie? >> sarah and her family were at in-laws. i will have the very pie at christmas when she and her family come to our house. she has been making this pie for years, for years, makes them for friends. here is the warning i would issue. stuart, don't ever, i mean don't ever, mess with a southern woman and her homemade pies.

it is as dangerous as when you hear a southern woman begin her sentence with, bless your heart. it means you're about to be gutted like a deer and just don't know it. stuart: that is said to me a number of times. bless your heart, stuart, but you're an idiot. i've been there. so, i just found this extraordinary, that a member of the white house press corps would challenge your daughter on whether or not she actually baked the pie. i found that incredible. last word to you on this particular subject in you have got 10 seconds. >> okay. i just think that it just shows how ridiculous the coverage has become, and, pie-gate certainly should be over. i hope sarah bake as pie and serve is it to the press corps. stuart: i bet she will. earlier this hour i said that nfl players are biting the hand that feeds them with their anthem protests. as a result, we did see a lot of empty seats in the stadiums over

this weekend. what do you say about this idea, that don't bite the hand that feeds you? it's a lousy strategy, and everybody loses. that is what is happening in the nfl right now. you your take on that, please? >> stuart, you're absolutely spot on. i don't understand what it is that these guys see as the endgame. if it is to empty stadiums, empty the retirement fund, make it so that they're not making the kind of money they have been making, particularly merchandise sales and all peripherally on the nfl they're succeeding wonderfully. if they thought they would change americans minds and make americans have distaste or disgust for the national anthem i think they really did, they didn't just bite the hand that fed them, they chomped it off at the wrist. it i was coming back to hurt them in a very big way and i don't believe, stuart, the brand will ever be back to where it was ever. i really don't. stuart: really ever? i think that football, nfl

football has peaked, whether it comes we're down sharply i don't know, but peaked it has. i think that wonderful run that they have had for a few years, i think that's over. i think it is over because the anthem protests. >> well, that was the final cap on it. look, it has to do with the fact that people are more worried about violence of the game and concussions, fewer, younger people want to play the game. parents are not encouraging to play football like they did when many of us were growing up. this sullied the whole atmosphere of nfl. i think people will watch college ball. they have will watch high school ball. but, you know, i just don't think the nfl will be at top of america's trust that it once was. i think those days are over. they have irreparably hurt their hand. stuart: i was watching college football. i saw 'bama lose to you a burn and even i knew that was a shock. the whole studio audience is

gasping. what does he know about nfl football. ashley: exactly. stuart: governor, thanks for joining us as always. our best to your daughter, okay? i want some of that pie. >> thank you very much. don't mess with those pies. stuart: bless your heart. thank you, stuart. coming up, sexual harrassment on the hill, question, is there a double standard when it comes to democrats? more "varney" after this. ♪ ♪

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the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ ashley: online shopping expected to reach all-time high today. retail experts, get this, predict $6.6 billion in sales. we're's velasis ceo curtis tingle is with us. have we reached the point where online sales will be more than brick-and-mortar? >> absolutely we have. this first year on line sales are the number one channel where consumers will shop. ashley: i'm told perhaps yesterday, today is cyber monday, but yesterday was sofa sunday, kick back in the p.j.s, bunny slippers and do

your shopping from the sofa. will that hurt sales today? >> it will not hurt sales at all. in fact it will increase sales. when you look at consumer behavior, 54% of consumers started shopping before the holidays before black friday. they carry that ritual into cyber monday. 71% of people that will buy something today planned their shopping yesterday looking for the best deals online. ashley: so what is the advantage to going to a brick-and-mortar store? because in my mind, if i get really good customer service, that is one thing i just can't get online, sitting there buying stuff from my laptop. there is still value in that, right? >> tremendous value and most shop something still done in a brick and mortar store. so when you look at what is the value, it is all about that experience. how can they deliver on the convenience with an integrated shopping experience for the consumer where they can shop online, and then go in store to actually buy. ashley: well we do get an extra weekend because christmas is on a monday. so we have the final weekend

going into it. that should be good news for brick-and-mortar, right? if they're like me i leave everything to the last minute. i dash out to the store, because i will not trust if i order online that it will be delivered on time. so that would be a boost for department stores? >> it absolutely is. nrs is expecting 4% increase in sales. brick-and-mortar retailers can take advantage of this, get right value to the right consumers at right time. deliver them to stores, drive traffic, drive sales and a good experience for consumers. ashley: truth time, curtis, do you do all the shopping online and mix it up a bit? >> i am 50/50, actually. ashley: why is that? you still like the in-store experience? >> i love the in-store experience. i'm more emergent in my shopping behavior. i don't plan on time to take advantage of shipping like you mentioned. so i definitely use both channels. ashley: everybody wins like that. curtis, thanks so much for joining us. we appreciate night thank you. ashley: third hour of "varney," don't go away. it is coming up next.

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stuart: i've never liked shopping. as soon as i walk into a mall, i'm looking for the exit. i don't like shopping from store to store. i know what i want, so for me it's just a question of locating it, buying it and getting out fast. good luck with that. have you seen the lines? you have to wait an eternity to to give them your money. it is not a positive experience. got it. that's why i celebrate the arrival of amazon and the online revolution. it arrived as an overwhelming force this year. right now, actually. i don't care whether you call it cyber monday or black friday or whatever. fact is, the cultural shift is here, and shopping, it's not going to be the same again. hats off to jeff bezos, the richest man in the world and amazon's founder. he may be president trump's most outspoken critic, but the guy created this alternative shopping universe, and it works.

fast and free delivery, maximum choice without finding a parking spot. if it's not right, you send it back immediately without leaving the house. now, that's shopping that i can live with. i don't know what they're going to do with those thousands of stores that are going out of business or the ghost malls that are popping up all over. it is an extraordinary shift in our culture. the look and feel of america is changing fast. it's changing right now. we will look back and say this was amazon's year. the third hour of "varney & company" is about to begin. ♪ ♪ [laughter] stuart: that's good. very good selection. shop around, i think we got that, okay? i shop from a computer as opposed to main street, but there's another story. check that big board, close to

the high of the day. we're up 74 points now, 23,631, that's where we are. by the way, the s&p and the nasdaq also reaching record highs this morning. i want to bring in dan schafer, he's the president and ceo of schafer asset management. all right, dan, i know you are a super bear. i know you are, okay? you've been on this program many times. you're forecasting a major decline for stock prices. >> yes, i am. stuart: before we get to that, are we going to hit 24,000 on the dow by christmas? >> you might hit it just because they want to. the momentum's still there so, yes, you might get it. but we're in territory where it's getting extremely dangerous. the risk levels to reward are just too high. stuart: i think a lot of people accept that. hold on a second, dan, i've got to break in for breaking news. we're getting word that senator ron johnson could be close to becoming a yes vote on taxes. our blake burr han has detailed -- burman has details. >> reporter: i just spoke with

a senior administration official, and i am told there is a possible deal in the works between senator ron onson -- who is the only public now at this point -- and the senate finance committee. one of the issues is that he doesn't like how these pass-throughs would be taxed at a 25% rate when the corporations are at a 20% rate. i'm told that this possible deal in the works would include more deductions for pass-through corporations. so, essentially, trying to lower that effective rate. this was phrased to me as possible, so not necessarily happening but very clearly something that is being talked about on capitol hill. i'm also told, stuart, that president trump has been speaking to ron johnson about his vote quite frequently, and here at the white house even though johnson has said publicly that he doesn't feel he is a 100% no at this point. they think there is room with him. stuart: that comes on top of the statement from rand paul this morning on foxnews.com that he

is, indeed, yes on tax reform. so now you've got a couple of waverers no longer, it looks like, wavering quite as much. i think this is all a positive, right, blake? >> reporter: yeah. i mean, look, the way it was phrased to me at least with ron johnson is they feel pretty good, stuart, about where he is. it wasn't doom and gloom like when he said i'm a no last week. they feel that there is a lot of room to move with johnson. stuart: blake, you got the news, and that's great. thank you, sir. now, matt -- dan, if we do get a deal on taxes, would you sell on the news? >> i would, because the way the deal is structured is to slow down the economy before it speeds up. so maybe what the tax implications of the reform are going to do could be good in the long run, which i'm not sure. but in the short run, the implementation of the plan and the way it's structured, i don't know where the delays are going to be. we still don't have the full

plan. but just in the sense of the government slowing down its spending, slow down revenues in the early on could be a problem for the economy. stuart: okay. but you'll be a sell on this news. >> i would be a seller on the news. stuart: peter morici is with us, university of maryland economics professor. peter, let me turn this around. it's looking more and more positive that we do get some kind of tax cut deal. we've got ron johnson, wavering back the other way. rand paul doing the same thing. what kind of growth rate do we get next year? you're an economist, tell me the growth rate if we get this thing done. >> better than 3%. i think the economy is on the verge without -- in a policy-neutral situation, of breaking through to 3% growth. we're going to get it in the third quarter, that'll be three quarters in a row for the first time since '04. winter will be softer, it always is, but overall i think the we're looking at 3 president growth. -- 3% growth. in the second half it starts to

bite, my concern is not that it's going to slow the economy down initially; but, rather, it's going to take some time to get some traction and to do the republicans some good in the midterm elections. i think we're looking at the stock market moving up about as much this year as it did this year. stuart: whoa, whoa, whoa. >> i see the risks -- don't whoa, whoa me. this rally was paid for with increased profits and the forecast on profits next year are very strong. stuart: i'm not trying to shush you, believe me -- >> no, no -- stuart: you're saying if we get this tax cut deal, the stock market could go up next year as much as it went up this year, which is about 25%. >> well, that's a lot. but i certainly think it would be good for about 15 or 16. i'm thinking about with the progress we've made on the s&p. so, you know, and i didn't calculate that before i came in today. but i think that we could get that because we're basically talking about the same kind of profits growth next year as we

had this year. stuart: okay. >> the real risk i see in this is it's an asymmetrical market. so much of it's been in tech companies, and the old line companies like procter & gamble, general motors, ge especially, you know, their business models are very questionable. not so much gm, but procter & gamble and ge and several others. that's where i see a problem. also don't focus on the dow because of that, focus on the s&p. stuart: okay. peter, hold on a second. dan, you just heard that. >> right. stuart: huge gain next year if we get this tax cut. you totally disagree. >> peter, i totally disagree. and, peter, i respect everything that you say. my biggest concern is what's going on between the ten-year treasury note and the two-year note which are at 2007 levels for the spread. that's a sign of a recession. why is the 30-year rallying? what does the bond market know that you and i don't know? and that's a big concern of mine. the other piece of this puzzle,

peter, is the u.s. dollar. i'm expecting based on historical and technical factors that the u.s. dollar is going to become a shortage because of defaults all over the world, and that's going to zoom up. if that happens, what happens to earnings? stuart: i can't get into a long debate, i don't have the time, i'm sorry. i've got to move on. both of you, stay there. i've got another point. my editorial top of the hour, i said, look, $7.9 billion worth of online sales thanksgiving day, thursday and black friday. that's a huge number, it's a record. today online sales expected to top 6.6 billion. i say this is one extraordinary shift in the trend towards online shopping. dan, to you first. this has got nothing to do with stock prices. >> i agree with you -- stuart: this is a cultural phenomenon. >> absolutely. i buy from amazon. i was in the mall in stanford, connecticut, on friday and saturday, and there was no traffic with cars. they had people waiting for them. i went into the mall, there was hardly anybody there, sales were off the -- they were coming out,

pulling people into the stores. stuart: whoa. >> this is a big problem for malls and brick and mortar and the box stores, i really believe that. stuart: peter, a cultural shift that changes the way america looks and feels. what do you saysome. >> absolutely. we'll never see a 2008 black friday again. things have changed dramatically. about half of the sales on black friday were online, and half of those in turn were from amazon. by the way, on the way over here i was online doing some shopping. my feeling is that firms like walmart have figured it out. they know how to integrate the two shopping modes and will succeed. but i just don't see -- and, by the way, target's been underselling amazon on toys all the way through this process. but i don't see a place for people like jcpenneys, macy's and a lot of these, you know, smaller specialty retailers that populate the malls. i mean, kids are still going to want to go out and touch stuff and all that, and there's still

going to be brick and mortar, but we're going to see a lot more empty storefronts and a lot more malls that have become shelters for the poor. that's happened here. we're turning one of our malls here into a shelter, more or less. stuart: that is a question, isn't it? what on earth do you do with all that real estate that's no longer being used as it was just a couple years ago? i'm out of time, but i've got to say good-bye to dan and peter. good debate. thank you. i want to alert on this friday -- no, cyber monday, the show's got a friday feel. >> it does. stuart: it's the royal wedding that did it. >> yes, you're thrown off. stuart: amazon stock at an all-time high, and jeff bezos has been crowned the $100 billion man on paper. i think he's worth 102 or 103 billion now. artificial excellence technology will help ge speed up medical imaging. ge is up, not much, $18.35 is the price.

in washington a senate vote on tax reform could come as soon as thursday. rand paul says he is a yes, ron johnson could be changing to a yes as we just reported. my question: will any of the other gop holdouts bite the hand that feeds them? we'll see. it's the same story, different week. lots of empty seats at nfl games over the weekend. president trump slammed the league yet again. we are all over this story. no wonder. football's in decline. ♪ ♪ zar: one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client.

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stuart: japan's soft bank is going to by billions of dollars' worth of uber this week. they want to buy up 20% of the company. here's the question: how much will they pay for that 20%? remember, uber covered up a data

breach involving 57 million people and paid the hackers money to cover it up. >> they did. stuart: doesn't that affect the price that soft bank is going to pay? i suspect it will. now this, a senate vote on tax reform could come sometime this week. senator rand paul says he will vote yes. ron johnson, senator ron johnson may be coming around to a yes as well. join us now, herb london, president of the london center for policy research. and i forgot to mention alaska's lisa murkowski who says, yeah, she'll vote for it because they're going to let america drill in anwr. looks very promising, doesn't it? >> indeed. i think what you're going to see is this passage of a bill before christmas. i didn't think it was possible, i am now absolutely convinced that this will occur. ron johnson's vote, i think, is critical, and i think that he's turned around. stuart: well, he was wanting a bit more for small business, the

so-called pass-through people. maybe less for big business. >> i think he's convinced that the lower corporate tack rate will obviously -- tax rate will obviously have an effect across the board, including the middle class. the idea that you have a corporate tax cut that is only for the rich is absurd, because that corporate tax cut will generate more wealth, generate more jobs, generate an increase in gdp. that is what is critical for america. stuart: so now jeff got to concentrate on senator jeff flake, john mccain and bob corker. will they step away from the personal disagreements and say yes because it's good for the country? >> hope so. stuart: you say? >> i say they will. i think it'll be problematic. i don't know about all three, but you don't need all three. stuart: it's true. that's right. >> it seems to me you'll get two of the three. i do think jeff flake will vote in the right direction. stuart: and if you get it done before christmas, you get it

done before the possibility of roy moore. >> exactly. stuart: and luther strange will cast the vote, and he's a yes. okay. [laughter] we're looking good. >> exactly. stuart: here's another one for you. president trump continues to slam the nfl over the anthem protests. he tweeted about it over the weekend. and, by the way, we can read it on the screen right now, there were lots of empty seats again. at the top of the hour, i said the players are biting the hand that feeds them, and that's a very bad idea. and you say? >> i say that these are coddled millionaires who do not understand the extraordinary organic ties between this country and the kind of freedom the that we enjoy. it strikes me that when you talk about the red, white and blue, you're talking about american blood that has soaked the soil of countries around the globe. you talk about the white purity of those people who are responsible for our constitution, and you talk about those mothers who are blue because they had to bury their sons who fought for the liberty across the globe. it strikes me when you talk about the red, white and blue, you're talking about the basis

of america. that renunciation, i think, is understood by the american public and by those people who buy tickets at football games. stuart: ash -- >> couldn't say it better. stuart: governor huckabee said, look, nfl football is in decline, and nothing will bring it back. what do you say? >> well, it is, i absolutely agree. to me, there seems to be no end in sight for this thing, it's going on and on. the commissioner, mr. goodell, is just saying i understand both sides, and what's happening is as the weeks go by, the ratings are going down, and the people attending are going down. and many people we've spoken to on the show say i'm not watching football anymore. >> keep in mind the average guy in the marine corps is making $30,000 a year, protecting the liberty of those people earning multi millions of dollars playing football for the nfl. there's something odd about that relationship. >> good point. >> we ought to honor those people earning $30,000 and protecting our liberties. stuart: yeah, knock it off.

>> yeah, exactly. knock it off, is right. stuart: a new record for background checks on black friday. one day alone, more than 203,000 background checks. of course, a check doesn't necessarily equate to a gun purchase. gun stocks, though, are up today, most of them at least. macy's had trouble processing credit cards in its stores black friday? what a day to have a credit card problem. they say it was because of heavy volume. >> really? stuart: wouldn't you expect that? the company says the problem has been resolved. here's a big one, the supreme court is going to decide whether authorities need a warrant to search cell phone location records. judge napolitano on his way in on that subject. ♪ ♪

♪ ♪ stuart: well, well, adobe -- which keeps track of these things -- says we're going to spend $6.6 billion online today. a lot of that will go through amazon, of course. deirdre bolton is at the amazon fulfillment center in new jersey. >> i certainly am, stuart.

this is a mix of man and machine. so you can see the humans, very nice man telling me he was a teacher; however, he started working here to just fill in some blanks for his family financially. you can see him taking in and putting on some of these objects. stuart, you may have wondered how your granddaughter's toy puzzles and your kitchen soap and the book you want to read all end up in the same crate, and he is one of the reasons why. now, what you can also see behind him are these huge pods. they look like they're moving on their own, and if you look at the base, stuart, you're going to see a number on each orange pod. and this is part of the amazon robotics system. believe it or not, they do not crash into each other, but they all have, essentially, these pods that are all coded. now, what the human does is scan every single item to make sure that when you get the box, everything that you ordered is there and nothing that you

didn't order pops up like a bad surprise. then this box goes along this conveyor belt which we're going to show you and moves further along in the process. so, stuart, it is this mix of humans and machines here on this cyber monday. it's a busy day. back to you. stuart: and, deirdre, i hope you're there all day because has just -- >> it's fascinating, i have to tell you. it is. stuart: it's amazing. we'll see you again later, thank you. moving on to sexual harassment on capitol hill. al franken, john conyers, they refuse to step down. our next guest says we are entering a whole new era. we're on it. jpmorgan's chief, swraimmy dimon, says don't bet on a second trump term. we'll tell you exactly what he's saying after this. ♪ ♪ copd makes it hard to breathe.

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>> ah, that's a classic. stuart: i'm the only one in the studio who's been and spent time in kashmir. >> you've been everywhere, stu. [inaudible conversations] >> yeah, yeah, yeah. >> a very long time ago. stuart: 50 years ago. >> 40. stuart: quiet on the set. [laughter] look at the big board. we're only up 26 points. i still see a lot of green, left-hand side. by the way, the dow, the nasdaq, the s&p, all hit record highs earlier this morning. president trump meeting with members of the senate finance committee today talking, of course, tax reform. you heard her voice before, nan haywood, former new york congressman. nan, we've got ron johnson, wisconsin, tilting the other way towards a yes. >> yes. stuart: rand paul says he's a yes. lisa murkowski, alaska, says yes -- >> drill, baby, drill. stuart: we're going to let her drill in anwr. >> yeah. stuart: much more positive that we're going to get this thing done. you with me in.

>> absolutely, stuart. and i've been with you. we do need desperately to get something done, and our major enemy is the process of reconciliation in the senate because that's what sets up all of the pay-fors. that's where the dynamics of tax reform get thwarted because they've got to make these revenue streams balance out -- stuart: they're just tweaking. lisa more coy sky -- murkowski gets to drill in an juan, ron johnson gets more for small business. >> sure, and that's great. we've still got the s.a.l.t. deduction battle. we've got to reconcile senate considerations with house considerations, and there are lots of challenges still awaiting. i'm all for tax reform and praying they get it done. stuart: do you think we will? >> i do. stuart: okay. i want to talk about sexual harassment allegations on capitol hill. al franken, john conyers, they're not stepping down. >> right. stuart: listen to what franken said over the weekend. roll tape. >> have you talked about

seriously resigning? have you considered that? >> no, no. the ethics committee is looking into all this, and i will cooperate fully with it. listen, i know i have a lot of work to do to regain the trust of people i've let down. stuart: nan, should al franken step down? >> based on what we have so far, i don't think there is a compelling reason to ask him to step down. i would definitely have him step down for a lot of other reasons. there's a photograph of him from his previous life doing something that was very unsavory and was not funny. beyond that, what we have are accusations that are are countered by his different interpretation. very difficult, stuart, as you know in these cases, the accused are also at risk, and we don't want to support false accusations either. stuart: well, the law should take care of it and/or the voters. >> right, right. stuart: with me on this? >> yes, absolutely. stuart: we're in a new era.

the relationship between men and women in the workplace has really shifted dramatically. >> yes. stuart: i'd say in the last three or four weeks, for heaven sake. you call it a new era of scrutiny? >> yes. stuart: explain that. >> you know, stuart, we have -- there is vulnerability as we just talked about on both sides of this. you're vulnerable if you're a person who might be accused of harassment whether you're a man or a woman. it could run either way. and, of course, you're vulnerable to being abused if you're in certain situations. so i think everybody is going to be more circumspect. i'm hopeful that there will be significant tact exerted that we haven't seen before, and i think we're going to have to watch that there's going to be a lot of liability in process that we're going to have to deal with -- stuart: tact? tact in this political environment? [laughter] >> wouldn't it be nice, stuart? you get the example here every day. stuart: i do not. >> intelligence and tact. stuart: i'm going to break away for something really important. look at this. check it out, please. first lady melania welcoming

children and students from joint base andrews to view the white house 2017 holiday decorations. she will participate in arts and crafts projects with the youngsters in various rooms throughout the white house. that is going on right now in our nation's capital. melania, first lady. now this, the supreme court will take up a case that could have really serious implications for your cell phone privacy. the court's going to have to decide whether authorities need a warrant to search your cell phone location records. judge napolitano is here. first of all, judge, lay out the case as it's before the supreme court. >> it's a simple bank robbery case in which the police were able to demonstrate to a prosecutor and then to a jury that the bank robbers had cased these banks and had spent all kinds of time around the banks which they denied robbing. the jury believed the records, and they were convicted. and now the conviction is being appealed on grounds that the police didn't get a warrant to use the cell phone records. so when you have this, i'm

holding up my iphone, even when you think it's off, it's not off. and if you put it on the front seat of your car, it records every place that the car has driven in. and the police acquired that from the telephone company without a search warrant and used that in the prosecution of these bank robbers. did they rob the bank? yes. should they be convicted? of course. should they go to jail, yes. but due process has to be followed. what's the due process? the fourth amendment says warrants can only issue on the basis of probable cause. no searchings and seizures without warrants. is this a search and seizure when the police get these records of you without a judicial warrant, that's what the supreme court will have to decide. stuart: and your answer is, yes, it is an unauthorized search and seizure. >> my answer is yes because of previous similar cases. example, where the police surreptitiously put a gps device under the fedder of a car -- fender of a car before we had

this cell phone technology. the gps device allowed them to follow the car, supreme court says you can't do it. when the police used a heat-seeking device outside a home that was growing power in the basement, supreme court said you can't do it. i predict the same thing will happen now. not because the supreme court wants guilty people to go free, but because it wants our rights to be upheld under the constitution and wants the police to follow the law like the rest of us. stuart: and besides, if it's relatively easy to get, what is it, a search warrant -- >> let me tell you how easy it was in this case. the police had so much evidence on these guys before they gilded the lily with the cell phone, if they had come to me and asked me to sign a search warrant, i would have signed it. [laughter] >> even you. >> you know there was plenty of evidence there. stuart: the gold standard right here, ladies and gentlemen. >> i will take that. [laughter] stuart: stay there, judge, for one second. i want to turn back to you, nan. i want you to listen to the ceo of jpmorgan, jamie die -- dimon.

he says he bets president trump will not be reelected. he made is comment at an event in chicago, he said the democrats need to come up with a reasonable candidate, although politico's reporting that bernie sanders is making moves to run again in 2020. jamie dimon, the most famous banker in america, he says trump's not going to get a second term. >> i don't know why he would say that, because president trump is the only one who is actually actively fighting to increase the prosperity of jamie dimon's clients. because from the executive branch the president has already initiated what basically is a juggernaut in behalf of enterprise. that's why we're seeing that 3% bump in our -- that's why we're seeing that bump in our gdp, because he has initiated the regulatory reforms that now are awaiting the infusion of capital from tax reform to create jobs. stuart: the president wants to change dodd-frank which hurts the banks. >> right, absolutely. soother stuart and he's going to

get us tax reform which will grow the economy maybe 3.5,4% -- >> i heard that he had problems with dodd-frank, and he was right about that when he was, when i was in the house a few years ago. look, every dollar that flows into the marketplace is a better, more productive dollar than any dollar that -- stuart: yes. >> jamie dimon never -- >> he is a corporatist, unfortunately. he enjoys a lot of power from his position. >> yes. >> very cozily within the government and private spheres. he's got that juxtaposition. >> all the big bankings are corporatist. >> yes, i would agree. i would agree. >> that printing machine in washington -- >> and i'm in no -- precisely. and i'm in no way denigrating his gifts, but i would expect him to be a lot smarter and be four square behind this president and what he is doing because he is the bulwark -- >> he's a smart banker, but he's not a political prognosticator because he didn't think -- stuart: by the way, we were up

70 points moments ago, a few minutes ago, now we're up 3 -- >> what happened? >> because of the conversation we just had? [laughter] stuart: i do want to alert you to this, the meredith corporation has agreed to buy magazine publisher time, $2.8 billion. they are then owner of better homes and gardens, a lot of magazinings. the conservative koch brothers put $650 million into this deal, but they say they don't intend to have any input into time's management or editorial policy. do you believe that? no. >> and i pray they do have -- [laughter] time is way too far to the left. stuart: listen to this, sears and kmart are offering free home delivery for online orders above $399 through christmas. sears stock right now is up four cents. in washington the senate could vote on a tax reform bill sometime this week. will it include the repeal of the obamacare mandate? we have news on that for you, and it's next.

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stuart: tesla's elon musk, a cataclysmic warning about robots. he says we only have a 5 or maybe 10% chance of preventing killer robots destroying humanity. he says regulation of artificial intelligence is very much needed because it's a fundamental risk to the existence of human civilization. >> pretty bold words ask scary. stuart: have a nice day, america. [laughter] politics. the senate may vote on the tax reform bill sometime this week. our blake burman now reports repealing the obamacare individual mandate will stay in the senate bill. joining us now beating obamacare author betsy mccoy. tell me why this is a big deal.

if it stays in the bill and, therefore, we get rid of the individual mandate -- >> we're getting rid of the penalty. that's what the bill says. stuart: that's all it is. >> and it's a big deal for several reasons. stuart: so we're not going to force people to buy insurance. >> we're not going to penalize them if they fail to buy it. stuart: okay. >> we're zeroing out the penalty, and that will be welcome relief for 6.5 million people currently incurring the penalty and several million more who would like to stop buying obamacare but regard the penalty as kind of like a gun to their head. in addition, that $338 billion that the congressional budget office says will be saved by repealing the penalty itself is being used to pay for a very big benefit, a very big tax benefit for low and moderate income families, doubling the child tack credit from $-- tax credit from $1,000 per child to two. and that was requested by

senator marco rubio kind of as a price for his vote. so that's why it's in there. stuart: so it's got to stay in there. it's a good thing that it stays in there. >> that's right. stuart: let's be clear here, by keeping it in there, we're keeping in the repeal of the individual mandate. >> that's right. and about 80 times as many people benefit as are harmed. you'll hear people say, well, a few people will have to play a slightly higher premium, about 10% higher. but millions of people, about 45 million people, will benefit from repealing the penalty. all those people who are currently incurring that penalty plus all the people who want to see their child tax credit doubled. stuart: okay. so it's good for them -- >> it's good for them. it's a good part of the deal. stuart: okay. you want it gone, the individual mandate. >> absolutely. stuart: got it. now, i want to talk to you about sexual harassment allegations facing al franken and john conyers in congress. listen to what house minority leader nancy pelosi said about con yes,yers yesterday.

roll tape. >> we are strengthened by process. just because someone is accused, and was it one accusation, is there two? i think it has to -- john conyers is an icon in our country. he has done a great deal to protect women. stuart: so she doesn't want conyers to step down, she just takes him off the judiciary -- >> i never thought i would say it, but i agree with nancy pelosi. we cannot sacrifice our nation's commitment to due process whether it's a democrat like conyers or republican who's accused or someone in the media. i am very troubled by accusations that are 20 or 30 years old in some cases. sometimes they're anonymous accusations. where do you go to get your reputation back when, in fact, that accusation is inadequate or totally untrue? stuart: well, look, earlier on in this program today we've kind of come to a collective agreement that, a, the legal authorities should take care of allegations of this kind -- >> right. stuart: -- and, b, it is the voters in the home state --

>> absolutely. stuart: -- who should take care of this politically. >> yes. stuart: that's how it should be done. >> that's right. stuart: so you don't want to see franken resign out of congress? you don't want to see conyers walk away? you don't want to see that? >> no, i don't. i want to see people afforded the same due process when they're accused of sexual harassment as if they were accused of robbing a bank. stuart: got it. thank you very much, indeed. listen to this one. mick mulvaney, he is the acting director of the consumer financial protection board. he sent a letter to agency employees about who's in charge. here's part of it. it has come to my attention that lee and da english has reached out to many of you via e-mail in an attempt to exercise certain duties of the acting director. please disregard any instructions you received from ms. english in her presumed capacity as acting director. if you receive additional communications from her today in any form, please inform the general counsel immediately.

mulvaney did, indeed, take over today. ms. english is suing to remain acting director. now you know. got that? >> interesting. stuart: you got that? [laughter] disregard all messages from ms. english. all right, president trump will reportedly travel to missouri on wednesday. we'll tell you what he's doing there in just a moment. ♪ ♪ they appear out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only. what plots they unfold. but only in my mind. over 50% of people with parkinson's

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stuart: president trump planning to trao missouri wednesday to promote the tax plan. he's going for the soul purpose -- this is my opinion now -- the soul purpose of trying to influence the vote of democrat senator claire mccaskill. this will be the president's second visit there to push the tax plan. the senate could vote on this plan as early as this week. some headlines for you. first off, here comes a royal wedding. whoa. britain's prince harry and actress meghan markle, they're engaged. she's there l.a., she's a divorcee. harry is 33, fifth in line for the throne. they will live in nottingham cottage. that's right in -- >> part of.

stuart: -- kensington palace. they plan to marry in the spring. the queen and prince philip are lighted for the couple and wish them every happiness. an erupting volcano sending ash nearly 10,000 feet into the air. authorities have raised the alert level to the highest possible. 40,000 people evacuated, tens of thousands more could be in danger. and now we have a price for he's that's all-electric truck. $saw 150,000 for a 300-mile range. the stock is down. netflix, "house of cards" tells the cast and crew it hopes to resume production soon. netflix cut its ties with star kevin spacey after allegations of sexual harassment surfaced. coco made $71 million over the weekend. >> wow. stuart: this is pixar's movie. pixar is a unit of disney. unrivaled when it comes to animation, in my opinion. >> oh, yeah.

stuart: absolutely brilliant. my grandkids love the movie. there's a vote of confidence. >> that's all we need to know. [laughter] stuart: more "varney" after this, i promise. ♪ ♪ [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. . .

stuart: this is amazon's day. this is online selling's year, i think. ash, you have number on smartphone orders. ashley: people do shopping by smartphone. amazing how it has gone up in the last year. adobe who keeps tracking of this, the number of people using smartphones to purchase things was up 40%. stuart: 40%. ashley: revenue up 41%. a lot of people doing what they have to do. stuart: $1200 a share. that means bezos, the founder jeff bezos is probably worth 102 billion. ashley: just say a lot. stuart: viewers, we had a

quandary when we started the show at nine would that what would be our lead story. amazon, $1200 a share? how about tax reform. ron johnson waivering towards yes. what was our lead story? it was the royal wedding. we were taking temperature of our viewers. i don't know whether you approved of us leading with that story of the day and you read it. ashley: i did. all my fault. it is a big story. even if you don't like the royal family it is interesting. stuart: for those of us a certain age that is a huge story. because that young lady is a divorce say. ashley: yes. roman catholic divorce say from america who is tv star. can you imagine buckingham palace 100 years ago? they would be splattering their tea all over the place. stuart: remember the 1930s, you

don't remember. neither do i. edward the viii he abdicated the thrown because he wanted to marry american divorce say. ashley: you couldn't do that. stuart: another good idea to lead the show with that story. we had had burt flickenger, he is a retail analyst. he said announcement of that royal wed something significant boost for retail sales. he says royal weddings create this euphoria of buying. i can't believe it. ashley: fashions all the memorabilia and everything else. meghan markle, she will be a fashion icon as much as anything else these days. what she is wearing. all the rest of it. stuart: in hindsight, ashley do you think you were right to lead the entire show? ashley: wait a minute. absolutely. i went out on a limb be. not that i had a choice. i think we got by. stuart: i'm dying to read

facebook to see what our viewers thought about that we bypass amazon, bypass tax reform and went with the royal wedding n five section my colleague neil cavuto takes over. i want to see what he will lead with. amazon, tax cuts, royal wedding. go. neil: i'm just wondering where the happy couple is registering. i'm thinking hickory farms. really what do you get a royal couple? stuart: you go to amazon. neil: we thought this was perfect for you guys. thank you very much. we're on the royal development. it's a big deal. an american divorce say, something we haven't seen in century. that is creating waves across both sides of the ocean. this very hour the president is talking taxes with key senate finance committee members over at the white house. this as senator rand paul surprised some folks here because it wasn't as if they were expecting a no vote out of him but they were expecting a lot