luís fonsi and justin bieber. i'm impressed by the songs. [laughter] maria: have a great day, go seize the day. stuart: i will give it my best shot and that's a fact. this is perhaps the most important day in monumental tax cut battle. in a series of meetings the president will lay down the law, get it done. here is the hectic schedule. the president addresses all republican members of the senate and then the president meets the big four of the white house, mcconnell, ryan, schumer and pelosi n. the background seven senate waiverrers they are republican who is want some changes before they sign on as yes votes. there is also a threat in the background. real clear politics gives

double-digit lead if elections were today. the president will say get it done or expect defeat next year. markets open higher again today and, yes, we are again at or near record stock price levels and as amazon powers ahead, we will pose the question, jeff bezos, 100 billion-dollar guy, is he also the new steve jobs? varney & company is about to begin. ♪ ♪ stuart: this is the face of the retail revolution. online is on the march like never before. adobe says yesterday was the largest online sale history, $6.9 billion worth of sale online and the revenue often

driven by smartphones that hit all-time high, $1.59 billion worth of sales, that, again, just from phone purchases. let's bring in mike murphy, he's with rosecliff capital, i'm going overboard on this. wait for it. the revolution is now, we are in the middle of it. are you going to take me on? mike: i'm with you. people know that they can shop with convenience, people are willing to spend money but on their terms. the only way brick and mortar with compete with online shopping is by offering you an experience that -- not just a product, but an experience that you can't get elsewhere. stuart: amazon is so far out in front, bricks and mortar guys are scrambling to keep up. retail looks different next year. mike: i think they are figuring it out, stuart. look at wal-mart, if you think back 20 years ago, nobody could compete with wal-mart, they were too big, they would come into town and put mom and pop out of business.

now amazon was about to put wal-mart out of business, they bought jet.com for $3.3 billion and wal-mart is the only one out there who can compete with amazon. i think more and more companies are going to figure it out, start-ups will be the engine driving this. technology start-ups, changing the way we interact with our companies that we want to buy from. that would be big change. stuart: i want you on the program to tell us who the start-ups are, can you do that for us? is jeff bezos the new steve jobs? mike: i think jeff bezos is the new jeff bezos, they are completely different. i don't think one is necessarily better than the other. if you look at what bezos has done, what he's accomplished between amazon and the web services, between the competition with netflix, rockets going to the moon and coming back, i think just being the original jeff bezos is enough. we just recently did a deal with

rosecliff with jeff bezos as investor and i think what he's doing although he's a multihundred billion dollar person, he's still at this moment looking at start-ups to invest in to help build and boost amazon. the reason is, stuart, his notice to investors talked about being a day one company, 20-year-old company but he wants to run it every day like it's the first day of business because if he doesn't think that way, he says they will dime, they will go out of business. stuart: fascinating, 12 whatever it was. stay there. tax reform. president trump will speak to gop senators this afternoon. i think of this this is not going to be a pep talk, more like ultimatum, pass tax cuts or else. here is the reason why, if midterm elections were held today, democrats lead republicans by double digits in a generic congressional ballot. that's according to most recent real clear politics average of available polling data. former reagan economist. i want to talk politics, art, i

say the president lays down the law, gives gop ultimate -- ultimatum, pass this or else. >> he may do that, i hope he doesn't do that the flake and corker who aren't running in the next election i hope he lays out the logic and makes it clear how important it is for future of america which is, stuart. this bill would start the engine of growth and polls are worth nothing. we get a good six, eight, nine months of growth before the election, i think we are in great shape. polls don't make sense to me. stuart: you were there when it happened the 1986 tax reform deal and the earlier one, you were there. you were in the room. >> yes. stuart: did ronald reagan have to meet congress and have -- sort of lay down the law and say come on, come on, we have to do this, did he do that? >> he did do that. i mean not quite the way you described it but clearly worked with congress. we had a whole bunch of

democrats, do i remember, the democrats weren't democrats of today, they were reasonable people, people like phil graham were democrats at the time and they supported us all the way and it was a bipartisan bill both in 1981 and 1986. in 196 we won in the senate only 97-3, that was the vote. it was bipartisan legislation. it should be this time, i don't see how the democrats can capitalize on obstructionist policies. when it comes down, how can they possibly win the house back by saying no every time to everything, it just makes no sense and the senate with a tilt so much in favor of the republicans, i think they lose four or five or six seats in the senate. i mean, i don't see how the democrats really can do a good job by just being obstructionists and say nothing all of the time in a unified form. they are nonthinking and they don't really care of what happens to the country, they just want to oppose trump. stuart: 20 second left.

you do believe that we will get a tax reform this year, maybe before christmas, you think we will? >> i think so. stuart: got it. >> i'm told by everyone that knows that it's going to come and very different structure this time and i think the republicans would really like to happen and i think democrats too to be honest. stuart: thank you, sir. >> got pit. stuart: president trump use it is nickname pocahontas with navajo code talkers, roll tape. >> you were here long before any of us were here, although we have a representative in congress who they say was here a long time ago, they call her pocahontas but you know what, i like you because you are special. stuart: okay. pocahontas is the nickname that president trump uses for elizabeth warren. later she says it's deeply unfortunate that the president

used a racial slur. all rise napolitano, the judge is here, i want your take on this subject. >> it has nothing to do with the law of the constitution, it would be difficult to say anything that's illegal. the president has first amendment rights as anybody else does. it was perceived by some as lacking in sensitivity because pocahontas is a revered figure, major painting of her in capitol building, why he likes to do this, diminishes opponents and debilitate them. stuart: where was the -- she lie today get a job at harvard law school, by the way. >> right, right. why would you raise this in the presence of 90-yearlderos thatre nivate america to create a mns of communicati that the nazis couldn't break. stuart: because president trump

is president trump and that's the way he rolls and he makes a lot of people laugh and a lot of people are saying exactly that when they watch our president. >> well, suppose instead of calling her pocahontas they call her the blessed virgin mary. stuart: that wouldn't be relevant. >> it's mocking opponents which he does effectively. stuart: yes, he does and rightfully so. let's never forget it was elizabeth warren who ticked off the boxes on the harvard application form to be a law school professor, yes, minority, yes female, harvard was delight today accept this bogus claim. >> that's why the senate does not discipline members for things they do before they are in the senate because it would open a can of worms which would come to devow the discipliners. what did you put on your application when you were in the

senate. stuart: i can see you're not with me so i will change the subject. what about consumer financial -- cfpb. thank you. >> federal judge appointed by president trump confirmed by the senate in september who really is going to decide can we have an entity in the government utterly uncontrollable by the rest of the government, unanswerable and can spend money on its own or is all of government supposed to be answerable to the people, very profound question that he will answer today, in fact, we were supposed to get an answer ten minutes ago by 9:00 o'clock this morning. stuart: i would say it's unconstitutional, the whole idea for whatever cfpb. >> the democrats in dodd-frank and we have all of us analyzed dodd-frank and have attempted to create entity -- obama-like legacy into the presidency of

his successors. stuart: yeah. >> is that constitutional? that will be resolved by the federal judge, looks like he doesn't even shave in the morning. stuart: i know what side of the fence elizabeth warren is. >> this is her baby. >> do you refer elizabeth warren by that nickname? stuart: no. >> you are gracious. stuart: me? you don't know me very well. [laughter] stuart: look at this, we are going up more than we thought. 63 points higher for the dow industrials at the opening bell. they were listening to murphy obviously listening to murphy. how about the price of oil? are we backing off a bit? we got close to 60 bucks a barrel, back down. gasoline national average 2.50 a gallon, my bet is the gas prices are going up from here even though historically that's a

pretty low level. we will take it. congressman luís gutiérrez he loathes with a passion president trump he says he will not seek reelection, he tells fox news that he's running for another office, not just congress, speculation is he could either run for governor of puerto rico or mayor of chicago. let's get to the royal engagement shall we? >> thank you, here i am. >> megan markle and harry made debut. they are in love. that's a wonderful thing. have you all forgotten? by the way, the coat that ms. markle was wearing is getting a lot of buzz, the website of designer crashed because so many people went online to check it out. nancy pelosi changes tune on john conyers, sunday she called him an icon that has done great deal to protect women.

monday he says it's disappointing, she says that after meeting one of his accusers. we will deal with it all a moment from now 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. 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.

stuart: arby's will buy buffalo wild wings for $157 in cash, total value of 2.9 billion, buffalo wild wing's debt. arby's is joined by capitol group. politics, remember when nancy pelosi said this about john conyers, roll tape. >> we are strengthened by due process just because someone is accused, and was it one accusation, was it two, i think there -- john conyers is an icon in our country. he's done a great deal to protect women. stuart: now here is what she said after meeting with conyers' accuser, ms. sloan told me and i

behind behavior disappointing, i believe what ms. sloan has told me. joining me now ceo of concerned women for america. penny, did she flip-flop? >> you know, i think i join the american people in feeling like i'm watching a freak show, stuart. this is insane. i feel that we have flipped on a light switch and we are watching the cockroaches run and we have to lean in and clean up moral decay and yes, she definitely flip-flop, we can't suggest that somehow conyers is untouchable, we believe in process, yes, there has to be due process but john conyers paid out of taxpayers' pocket and that's absolutely wrong. the american people deserve better. we want to know about this 17 million-dollars and the 234 complaints that have been paid out using our money. i think we have a right to know

and i call on congress right now to give us the list. let us know what members we have been paying for. we don't know who the victims are but we need to know who the members are. stuart: big picture for a second, just in the last few weeks, there's been a shift in the relationship between men and women in the workplace, a significant shift, would you agree with that? >> i don't know. i feel badly that, you know, because of all of this maybe there is increased tension but, you know, the truth is that the eeoc tells us, this is a high number, they say one in four women in america experience sexual harassment in the workplace, i have experienced it years ago in early 20's and it's unconscionable. it's always been there and now uncovering it and the end of the process we are going to be better. in the meantime it is painful and, you know, congress doesn't show no favor by not living on

the same rules that everybody uls should live by. stuart: penny, thank you very much for joining us. >> thank you. stuart: we appreciate you being here, thank you very much, indeed. liz: chief of staff for john conyers saying nancy pelosi did nothing to deal with sexual harassment allegations. conyers has wrap on the knuckles, that's according to 2011 e-mail from conyers' steve -- chief of staff. stuart: you raise a good question, i do not have an answer for you. thank you. lock at this, the ceo of colombia sportswear it's considering closing down offices in portland, oregon, why? some employees fear for their lives, full details after this are you on medicare?

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if you're medicare eligible, call now and talk to unitedhealthcare about our plans, like aarp medicarecomplete. let's get you on the right path. call unitedhealthcare or go online to enroll. sfx: mnemonic retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business 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. stuart: here is a story for you, the popular outdoor brand known as colombia sportswear, they leave downtown portland, oregon after a series of frightening encounters with the city's homeless population. wait a minute, what exactly were they doing? >> defecating on the front steps of the business, threatening to kill employees as they come in to work, chasing one employee out into traffic, they are so

afraid right now these employees they don't wanting to down there and the number of cars being broken into including the employees' cars have skyrocketed. the head of the company says we have to get out of here. liz: worker safety is paramount. that's what he's saying. other stores have shut in the area, the policing is inadequate, homeless population is out of control. if they want to keep portland driving they have to say to small businesses, yes, we will protect you and help with growing problem. stuart: liberalism encourages this kind of behavior, you may not say anything about the homeless, you may not say get out of here, you can't do that, that would be so nasty of you to do it -- liz: conservatives are saying take care of the mentally ill, take care of them, right? mike: customers don't wanting to there to shop either. stuart: thank you very much, indeed. look at this, please, we are

going to open higher today, yeah, we are going to go up about 60 points on the dow, 4 on the s&p, 11 on the nasdaq, we are up today. it's tuesday, that market headed higher again.

stuart: right before the market opens, president trump is

tweeting this moments ago. [laughter] stuart: meeting with chuck and nancy today about keeping government open and working, problem is, they want illegal immigrants flooding into our country unchecked. weak on crime and want to substantially raise taxes. i don't see a deal. whoa. the last line, that was i don't see a deal, maybe he doesn't see a deal with democrats. ashley: yeah, not overall. liz: news flash. [laughter] stuart: he's always got the democrats in reres, has he? if the senators, republican senators can't get a dl,aybe he can then turn, okay, chuck and nancy, i give in, what do you want? ashley: which he has done before. liz: yeah. stuart: what do you make of this mike murphy? mike: negotiation to get it done but i think it will get done. stuart: hasn't changed the market. open 50, 60 points, they are starting to ring the bell, they are applauding, trading begin

this is tuesday morning, we have 15 second to go, i have to do a tap dance to fill the air time, you never want blank air, 5 second to go. i'm doing well, i think, so far, 4, 3, 2, 1. here we go, ladies and gentlemen, we are up, we are running, do i see a lot of green or what? i see the dow up 40 points, 41, 39 points. okay, we are up, 42 points, lots and lots of green on the left-hand side of your screen. gain of .2%. s&p 500, where are we, ladies and gentlemen? we are up, .18%. similar gain. the nasdaq composite, we are up .21%. liz: you must be fun to listen on the raiders. stuart: i hope that you are enjoying the horse race. check the price of oil, where it is today? it is up. amazon, where did it open today? 1204 and change, up eight bucks,

goldman sachs says, it's going to 1450 more in that in a second. ashley: today in stuart: not today but it's going up. how about apple? one analyst or research firm says iphone 10 sales will be 20% better than expected. the stock is at 174 as we open up trading this tuesday morning and the dow is up 51. look who is here today, all-star cast, ashley webster and lizzie mcdonald. scott shellady is with us, i think he's still in london. yes, he is and the all-star team himself or the man himself mike murphy. all right, start with you, mike murphy. mike: good morning. stuart: good morning. gold hand sax am done is going to $1,450 per share, they said that about 20 minutes ago, will it? mike: it will. the new high-priced target on the street. with amazon you can't price this on a typical multiple because it's trading about 300.

amazon is changing the way we shop, black friday and cybermonday, 50% of all transactions done on the internet were done on amazon. 50%. stuart: that's extraordinary. total dominance. way the stock is behaving it reminds me a bit of dot com era. liz: because of cloud business that would be deep in the red. the cloud base keeps it afloat in the green. mike: i have to push back on that. if you want to price it on certain ways, it's overpriced but amazon is changing the way consumers shop. back in dot com you had by the way they named themselves. scott -- stuart: scott shellady get into this.

>> amazon is number one with 95 billion, number two is apple, we all feel good about what apple is doing. 16 billion is number two. number 3 is 14 billion and 4 and 5 are 4 billion each. just look at the numbers and also when you go to amazon web services, almost half of the internet traffic around the world goes through them as well. it's hard to get in front of amazon right now. they are a train in a one-way track. stuart: well said, scott, here is a question, jeff bezas as we said, 100 billion-dollar guy, is he the next steve jobs go around the block, ash? ashley: listen, what he does, he's innovative in a whole different space but a lot of criticism that the shareholders were getting answery, look, it's paid off and spreading into areas. who knows what he's going to get into next. he has tremendous vision and we are saying the payout for that now, you can say that. liz: he is the new steve jobs and visionary and changed the

growth rate, insurance market, auto market, he could be the one that keeps drug prices low in this country if he gets into drug prices and medical devices. stuart: iphone 10 sales could be 20% higher than anybody expects. mike, i think the iphone 10 is a status symbol. number of people who walked up to me and said, i got a 10, that means i can afford a thousand dollars for this. mike: it's a status symbol. when you go in you don't have to put a thousand dollars to walk with that phone, one payment of $54 or $52 depending on your carrier and you pay that off over the next 24 months, how much is the interest in zero, no interest. paid off over the next 24 months, interest free. so they are getting the phone in your hands, once the phone is in

your hands, you're connected to apple and you'll stay connect today apple. stuart: you're getting yours today? mike: comes later today. stuart: you will awe it in my face mike: next time i'm here. ashley: the supplies were falling down, they were having problems with the specifics on this, they are now cranking up half a million phones a day from a hundred thousand a short time ago. the wait time 5 to 6 weeks and now you can get it within a week or two weeks. they are cranking them out. stuart: stock is at 174 as we speak. by the way, the dow industrials is at 23,644. so scott shellady, to we hit 24,000 by christmas? >> look, it's another easy math question, stuart, look at the number of trading days we have left and look at the small percentages that we seem to be cranking out every day, it's well within the reason that

could absolutely happen borrowing any event. we will get there, it's not that far away. in terms of percentage terms it's not that big of a deal, yeah, it's absolutely possible. stuart: i think a lot of our viewers are in if for ride, they are not selling, they are on this ride and riding it through. that's what i think they are doing. you have -- you understand what individual investors are doing, they are riding this thing, aren't they? mike: they riding as they should be. people know that there could be, there will be a correction at some point but last hundred years, market goes 3 out of every four years. you look at the growth we have in this country right now and what tax reform could do for that, i think being along the market is the place to be and not trying to call -- liz: yeah. stuart: everybody is riding this thing. check the big board. 60 points higher 23,640.

arby's will buy buffalo wings. remember we brought you the story yesterday, they are going to cooperate in the use of artificial intelligence to speed up medical image processing. general electric is up 10 cents, 9 cents, 18.21. snap shares hit best levels since the company reported dreadful earnings about a month ago when they were down $12 a share, 10-cent the chinese company bought 10% of snap and now it's at $30 a share. carnival cruise lines, this is fascinating, carnival cruise line raising price of drinks package. ashley: what? stuart: let's order up to 15 alcoholic drinks in a 24-hour period. currently, they charge 54.95. it's going up to 56.95.

liz: that's still cheap. stuart: i think that's very cheap. 15 drinks in 24-hour period. ashley: less than a drink an hour. liz: what are we waiting for? mike: we are al raising the price of advil and, tylenol. stuart: surging demand apparently. scott, you're the oil guy, are we going to get back to $60 a barrel? >> well, we have to close and hang around 58. 58 is kind of like the number that a lot of investors have been looking at so we really have to do some work above the number to feel confident and staying that way and moving towards the 60-dollar level. stuart, a lot is going to be short-term and still supply market, so you can't get too bullish, but, yeah, look at 58 is a line in the sand right now. stuart: strong demand. that tells you something about america's economy and global economy. it's an economic indicater which we should be looking out quite closely, i think. how about this one?

self-driving cars could slash demand for sedans. ashley: owner-driven cars, basically. liz: consultancy, fascinating trend here, basically they are saying that urban and suburban families would buy and keep suv's and pickup trucks but not buy sedans, why they are going to use robot taxis or things like uber, that has real policy implications for the government you're for robot taxis, if you're for the fleets of robot cars, if you're going to allow ride-sharing like uber, you have to say to yourself, look, the auto sales are flat to the downside, why, there's record levels of unsold inventory. fiat chrysler is ditching mid-size market, they are not making them anymore. families want to buy and keep pickups and suv's but not buying the smaller cars, the robot taxis are doing them. you can buy a car to go do an we are and and don't have to own

it. stuart: who would have thought that self-drive would totally upset the sedan market. last word to you, scott. scott: these people -- these consultants or these research analysts they're talking about the year 2030, right? so they have made a ton of assumption and only call it 50% chance. who says we are going to be going anywhere in 2030? i think it's chewing gum for the brain, it's fun to think about but so much is going to happen between now and then specially with technology. liz: it's happening now, that's the point. stuart: the voice of reason. liz: the facts are it's happening now. car sales is down. [laughter] stuart: you are right. very true. it's 9:40 eastern time. we have to say good-bye to mike and scott, gentlemen, thanks for being with you. much obliged to you.

up 63 points on the dow, 23,645. pokemon go, iphone game, new report says players have racked up more than $7 billion in costs related to car crashes, injuries and even deaths sustained while playing. people are spending too much time starting -- staring at their phones, not enough time watching the road, how about that? we will deal with it. an early uber investors could be in for a deal of a lifetime, softbank just put in a bid to buy billions of dollars of uber shares at a 30% discount. we will be back

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stuart: this is the high of the day so far.

23,655. shares hit record high, in the background shipments of arby's this year expect today hit highest level in nearly four decades. up 6% there. that's according to data by the way from the recreational vehicle industry association. the ceo of winnebago on this show today on the 11:00 o'clock hour. wal-mart and kroger get tough with food supplies on delays. tell me, nicole, what's this all about. nicole: this is really interesting. this is wal-mart and kroger telling the food suppliers that the gig is up. you to get the products here on time and there are fines involved. kroger is finding suppliers $500 for every order that is more than two days late. wal-mart is getting tough, you better deliver the food exactly on time. if it's late, if it's too early or if you bring us in excess of what we ordered, we are going to put in fines of 3% monthly fines, so they are certainly

getting tough and part of the issue is the companies are losing billions of dollars because either food is out of stock or it's unsellable. next to you. stuart: got it, nicole, thank you very much, indeed. vice president pence meets automakers on nafta, what's this all about? liz: he's meeting with heads of ford, gm, fiat chrysler. he wants more auto plans in the united states. he wants more duty-free auto parts made here in the united states. one thing interesting, the trump administration is reopening the 50-mile gallon obama administration -- fuel efficiency standards, they want to lower that, cut it in half to 25 miles per gallon. that's basically what's happened is because of the fuel deficiency standards it's less efficient and cost more to build cars here in the united states, so the car manufacturing has moved to places like méxico, if you cut the fuel efficiency standard you can bring jobs back

home. stuart: got it. all throughout the show we have been asking if the 100 billion-dollar man jeff bezos is the new steve jobs. it's a fair question, joining us now the author of the four, the hidden dna of amazon, apple, facebook and google, nyu professor scott. he could challenge steve jobs as innovator, what say you? >> steve jobs with the iphone and imac and jeff bezos with prime, worth 62% of houses have prime, more households have a relationship or cable into their house called prime than voted in 2016 election. stuart: thaw truly, really? 62% have prime. >> if the current trend continues, more people are going to have a cable pipe of stuff

than cable television. and so talking about the most innovative problem, the apple watch, was it the apple pods, no it was amazon's echos. stuart: this is incredible. how about the cloud business? i think one of our guests just said that half of the internet traffic flows through amazon business, i don't know if it's accurate or not, is it? >> originally developed to handle the capacity internally for amazon. now they add the capacity every day to their third-party aws, the most profitable growing business, they don't like to run up profits is the cloud. who is number one, number two amazon. double from here. stuart: you think it's going to 2,400 a share? >> i've said for three years

amazon was going to be the first trillion dollar company, this is what's going to happen, stuart, we are going to do something called zero-click ordering, we know your purchase history, we have aware house within 20 miles, 45% of the u.s. population, we are going start sending you two boxes, one box with everything you know you want and one box to send stuff back, $1,300 a year to 7,000, the stock will become antigravity zoom to $7,000 for household. it becomes antigravity but they will get to trillion dollar first. stuart: truly admirer of the company and jeff bezos. yet you are a critic because you think they are just too powerful. >> key to full throat to capitalism, at some point we step with people with jerseys on the field and throw a flag when somebody starts with five tries in first down. you talk about the macro environment and you often talk

about amazon is or isn't doing in the sector which means markets have failed. the key to capitalism, the key to full-body contact competition, creating billionaires, shareholder value is restoring competition. stuart: you're a socialist? >> i'm a capitalist. stuart: wait a second,. >> capitalist let markets to lead. what happened to telco companies when we broke them up? what is a better economy, stuart, amazon apple facebook and google or amazon aws, facebook, instagram, whatsapp, google, youtube, apple, itunes where is more tax, more tax base, what ecosystem? stuart: you know, i'm prepare today give in with socialist with british ethnic base, i will submit to that, break them up and that might be better for capitalism and for the market.

>> share how older value. stuart: should i ask you about the royal wedding? you're ethnic and british. >> my mother freaked out when we were drafted. asking me to register for the crisis. [laughter] stuart: if you're not careful, son, you're coming back on the show. >> i'm ready. stuart: thank you very much, scott. quick check of the big board. where are we now? we are up 80, backed off a little. 68 at 23,649. new royal couple, prince harry and meghan markle. they knew the very first time they met that it was true love. don't you love it? back in a second. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know.

there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade.

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>> he got on one knee. >> instant yes from you. >> as a matter of fact i barely let you let, can i say, yes, now. >> i had the ring in my finger and i said, can i give you the ring, she said o, yes, the ring. [laughter] stuart: i just love that stuff. prince harry talking about how he performed to his girlfriend

meghan markle. the coat that she was wearing caused a fashion designer -- what happened, liz, the website crashed. liz: it's still crash. canadian company. that's 750-dollar coat. she stepped out in style. so popular it sold out in minutes and crashed the site. so this is a white-belted coat. talk about retail selling power, does she are the same retail selling power as duchess of cambridge. she might be the duchess of sufixx. stuart: how much does a royal wedding cost? ashley: 670,000 by some estimates just for the wedding, reception, but if you throw in security, if they get married in central london which they probably will, 5 million for security and with previous royal weddings a national holiday so last economic production

estimated 3 billion to offset that you are going to get a huge boost in tourism, all in all it's not cheap and by the way prince charles will probably pick up the tab or most of it even though traditionally it's the wife -- the -- stuart: he will pick up the tab for wedding itself. ashley: taxpayers of the uk. stuart: if you had a choice and you could go, would you go for the wedding? liz: yes. stuart: ashley? ashley: absolutely. stuart: if i went it would be the first time in 25 years. liz: i wonder how you would be received? stuart: not well. my brother said what a devil are you doing? [laughter] ashley: you can't get through customs. stuart: president trump honored world war ii heros, yes, he did, he used the word pocahontas and the media went ballistic, cue up senator elizabeth warren. my take, here it comes.

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stuart: president trump honored the navaho code talkers, the native americans who language fooled the enemy. during the ceremony he made a mocking reference to pocahontas, the senator's nix name for senator elizabeth warren. the media went ballistic. senator warren said deeply unfortunate that the president used a racial slur. really? let's not forget the original insult to native americans came from elizabeth warren herself. applying for a job as harvard professor she claimed to be a native-american. harvard eagerly accepted her claim. they could tick off two boxes to show diversity. female, tick. native-american, tick. she has never been able to prove her native-american status.

she said she had high cheekbones. she really said that the truth is, she played the racial spoils game, falsely claiming minority status to get a job. president trump is a sharp-edged guy. he uses nicknames very effectively. on the campaign trail he mocked senator warren, calling her pocahontas. now it has come full circle. the president uses the word pocahontas, in presence of real native americans and the fake native-american calls it a racial slur. one last point, at white house press conference yesterday there was not a single question about tax cuts, which is arguably the most important issue of the day. yet the assembled reporters ignored it. they were too busy slamming the president. second hour of "varney & company" is about to begin. ♪

stuart: happening this hour, the confirmation hearing for president trump's pick for federal reserve chair. that is jerome powell. he will be getting underway. you will hear his opening statement momentarily. now let's see what we've got here. we have new numbers on consumer confidence. what's the number? ashley: another blowout number coming in at 129.5. the estimate, i know you hate them, stu, you have to measure them against something, was 124. highest level in 17 years. this follows on the back of october's numbers which were also a 17-year high. we're seeing trend of consumer confidence continue month to month. stuart: that is a blowout. by the way charles payne is with us now. he has done his homework as he always does. you have seen a lot of strength. we've seen the consumer confidence index. you're looking at consumer spending. >> that is a survey. that is amazing. stock of the day, thor industries. we have to put it up. 15% higher after the bell.

recorded record earnings, record revenue. stuart: what do they do? >> they make rvs. rvs the ultimate consumer discretionary item. no one needs them but everyone is buying them, including millenials. you have to listen what the company said, when they talked about future, all market indicators and our metrics suggest a strong year ahead. they are squarely giving the credit to the economy, to jobs, to wages survey is one thing. that is soft data. nothing is harder than corporate earnings and guidance. this is amazing. yesterday i was watching jeff sica. jeff is kind of bearish but i think he is underestimating how much power american consumers have right now. not how much debt they have. how much money they spend to service the debt. it is near all-time low. stuart: so the amount of money we pay back to credit card companies servicing our debt all-time low? >> 9.9% at the peak,

fourth quarter of 2007. it was over 13%. so we're a near low, going back to 1980 when they started measuring this. there is so much room for growth. people make more money, keep more money because of a tax cut, have greater confidence because of a number we just heard. stuart: thor, $17. 153. well-done. >> that is the ultimate american company. stuart: look at big technology companies. we follow them closely. that is where so much money is headed. all are up today. goldman sachs says, by the way, amazon's stock will pop another 20%, reach $1450 a share. it is just shy of 1200 as we speak. by the way, alphabet, facebook, both of them hitting all-time highs today. here is another one. home depot. also hit an all-time high earlier today. it is right there at 175. couple of individual deals to talk about. arby's is buying buffalo wild wings for $2.9 billion.

arby's, the stock will be way up this morning, i know it is. move on to snap. it is at the best level since it reported very weak earnings a month 1/2 ago. when they reported weak earnings, tencent, the chinese company bought a 10 per cent stake in it. it has moved up to 13 bucks per share. i want to get back to the editorial i issued forth a few minutes ago. here is the comment that got media and left into a frenzy. roll tape. >> you were here long before any of us were here. although we have a representative in congress who they say was here a long time ago. they call her pocahontas, but you know what? i like you. because you are special. stuart: i am sorry, i thought that was funny. charles payne is with me. he thought it was funny. ashley: cracking up. >> that was hilarious. stuart: that was not a racial

slur. >> we had semenov hoe spokespeople thought it was racial slur or mistimed. the whole reason this issue, elizabeth bar ren lied about her heritage. i think it was despicable lie. stuart: thank you. >> the democrats have used racial politics far too long, gotten away with it. yesterday she goes on the air, made three or four television appearances stoking animosity. i love hearing what president trump had to say to the brave warriors. it was their day. we appreciate the navaho code talkers. never conflate the two issues. they are two different things. i think media is smart enough to know that. liz: senator warren has been criticized for not bringing up her native-american heritage on her university of texas applications when she was a teacher there. stuart: she didn't bring it up -- liz: didn't bring it up back then. stuart: she falsely claimed native-american status applying to harvard law school to get a

professorship and harvard accepted that. liz: yes. stuart: markets where record territory all over again. i have a question, 24,000 by christmas? let's ask bob doll, nuveen asset management chief strategist, very important guy on wall street. okay, 24,000 by christmas, yes or no, bob? >> i will take it. predicting 1 1/2% moves, i learned over the years is a fool's game but i will take it. we're in seasonally strong period. you went through a litany of good things related to the economy and earnings, so why not, stuart. stuart: why not indeed. now the big debate we've been having on this program is this, if we get a tax cut deal, do we sell on that news? i mean will investors sell stocks on that news? or buy more? what would be your answer, bob? >> i think, tax bill as outlined is good news for corporate america. so if we get that through, that is a positive.

so i would be a positive, buyer especially some of those folks anticipated it, do some selling. so i'm a buyer on passage of a tax bill, stuart. stuart: you think we can go much i here? if we get the tax bill, 23,600, much higher with a tax deal? >> with a tax deal accompanied by more important things called earnings, earnings, and earnings, yeah, we can go higher. what powered the market this year? earnings better than expected, no question about it. we'll watch that next year. it gets harder and harder to sustain high revenue growth numbers and strong profit margins but corporate tax cut certainly helps that, stuart. stuart: is there something you could point to that would really cause a pullback in the market? >> so, i would worry, if inflation rears its ugly head. there are bits and pieces here and there. as you know, we brought the unemployment rate down below 5%,

which is historically a flashpoint, that begins to push wages higher, leading to some inflation. so far, not this cycle. globalization, technology, are some of good reasons given but at some point in time somebody will have to pay more to get worker they really want as unemployment continues to shrink. not today, tomorrow, but at some point. that is when i start worrying. stuart: bob, briefly address the issue of bitcoin? that thing has gone straight up in the last couple weeks. i think it is above $10,000 now. would you touch it with a 10-foot pole? >> so with bitcoin, why do we need the stock market, stuart? stuart: right. >> i talked to somebody recently, we were in a conversation, why do you own bitcoin? the answer was, because it is going up. and that's, perhaps get of the -- a bit of the concern. i'm old-fashioned. i think it will have its day where it pulls back and scares

some people, it will shake the trees. we'll see what it can do from there but the momentum is powerful, no question about it. stuart: bob doll, thank you very much for being with us, sir. much obliged to you, thank you. >> thank you. stuart: charles payne, still with us, i want to talk to about amazon very close to another all-time high but let me move away from the stock price, charles, and look at jeff bezos, the founder. is the new, the next steve jobs? >> you had a guest earlier in this seat, he is the new jeff bezos. i agree with that. they both have their distinctive strong points if you will. jeff bezos is really amazing, what i love him for from the very beginning is he never succumbed to the wall street game of quarterly earnings. he never succumbed to idea of being status in one place. he has been name bell. he see what is is happening on the horizon, he runs there, plants his flag, establishes himself long before anybody else. he is doing it now with cloud.

emac, you are right what you said about earlier about the cloud business. it is amazing. we're focused on the retail side. that is where they're making their money. he is so far ahead of the game. he is not afraid, he is not afraid of anything. in this climate where businesses, most business ceos are afraid to miss earnings by a penny, a lot of them should be because their stock goes down 15%, 20%. never been afraid. liz: ridiculous to have a u.s. bureaucrat come in to break it up. the u.s. bureaucrats are so good forecasting the future. stuart: they have a lot of power. i have to leave that story for a second. charles, stay there please. can't get enough of the royals? neither can we. prince harry and princesses harry and william make cameo in upcoming "star wars" movie. they will play storm troop years what? stuart: i'm not sure i can believe that one. it is on the script. here is what is coming up. we've been saying for months

venezuela is on the brink of collapse but it still hasn't fallen. why not? we'll ask the question of someone who knows. the media as apoplectic of senator trump calling senator elizabeth warren pocahontas. we're all over that one as well. you're watching the second hour of "varney & company." ♪ [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: almost the high of the day. we were up 82 just a moment ago. now we're up 78 at 23,658. we're going through a couple of other markets for you. the price of gold has dropped below $1300 an ounce this morning. 1295 right now. the price of oil, backing further away from the $60 a barrel level. we're at 57.99. now this. senator elizabeth warren responding to president trump's

pocahontas comment. roll tape. >> it is deeply unfortunate that the president of the united states can not even make it through a ceremony honoring these heroes without having to throw out a racial slur. stuart: racial slur. let's bring in republican strategist, former california gop vice-chair hamid dillon. give us your reaction to this, please? >> sure. i think the racial slur here is senator warren impersonating a native-american. that is what is unfortunate. she is being called into account for that. i think she should move on and focus on tax policy and substantive issues, rather than trying to distract and draw attention away from her own misconduct in this situation. stuart: for give me. tough break away for the moment. i have to go to congress where the incoming chair of the federal reserve, mr. powell, is about to make his opening statement. that is not him, i don't think, is it? that is senator crapo who is

saying something. we'll get to mr. jerome powell, when he starts. listen in, pleaser. >> i will begin as you suggest by introducing my wife, alyssa, without whose loving support and wise council someone else would be sitting here. i will introduce two of my five siblings here today. my sister, libby, and my officer monica. the other three siblings are here in spirit and all will later claim to have watched this hearing live. >> which i'm sure will be true. >> we'll deem it true. some stories are too good to fact check. thank you again, chairman crapo, ranking member brown, other members of the committee for expeditiously scheduling this hearing. providing me the opportunity to appear before you today. i would like to express my gratitude to president trump for the confidence he has shown by nominating me to serve as president of the board of

governors as the federal reserve system. federal reserve had a productive relationship with this committee over the years f you and your colleagues see fit to confirm me, i look forward to working closely with you in the years ahead. as you know i have served as member of the board of governors and fomc for more than five years, contributing to our work in variety of capacities including most recently as chairman of the board's committee on supervision and regulation. my views on a wide range of monetary policy and regulatory issues are on the public record in speeches and testimonies during my service at the fed. congress established the federal reserve more than a century ago to provide a safer and more flexible, monetary financial system. almost exactly 40 years ago you assigned us the dual monetary policy goals of maximum employment, meaning people that want work either have a job or likely to find one fairly quickly and price stability, meaning that inflation is low and stable enough it need nod

figure into households and businesses economic decisions. i've had the great privilege of serving under chairman bernanke and chair yellen and like them i will do everything in my power to achieve those goals while preserving the federal reserve's independent and non-partisan status that is so vital to their pursuit. in our democracy transparency and accountability must accompany that independence. we are transparent and accountable in many ways. among them we affirm our numerical inflation objective annually and we publish our economic and interest rate projections quarterly. since 2011, the chairman has conducted regular news conferences to explain the fomc's thinking. additionally we are accountable to the people's representatives through twice a year reports and testimony as well as through oversight and audited financial statements. i am strongly committed to that framework of transparency and accountability and to continuing to look for ways to enhance it. in addition, in our federated

system, members of the washington-based board of governors participate in fomc meetings with the president of the 12 federal reserve banks which are deeply rooted in their local communities and i am a strong supporter of this institutional structure which helps insure diversity of perspectives on monetary policy and helps sustain the public's support for the federal reserve as an institution. if confirmed i would strife along with my colleagues to support the economy's continued progress toward full recovery. our aim is to sustain a strong jobs market with inflation moving gradually up toward our target. we expect interest rates to rise somewhat further and size of our balance sheet to gradually shrink. the future can not be known for certainty so we must retain the flexibility to adjust our policies in response to economic developments. above all, even as we draw on the lessons of the past we must be prepared to respond

decisively and with appropriate force to new and unexpected threats to our nation's financial stability and economic prosperity. the original motivation for the founding of the federal reserve. as a regulator and supervisor of banking institutions in collaboration with other federal and state agencies we must help insure that our financial system remains stable and efficient. our system is without a doubt far stronger and more resilient than it was a decade ago with higher levels of capital and liquid assets, with greater awareness of risks that banks run and greaterrability on the part of banks it manage those risks. even as we have worked to implement improvements we sought to tailor regulation and supervision to the size and risk profile of banks, particularly community institutions. we will continue to consider appropriate ways to ease regulatory burdens while preserving the core reforms of strong levels of capital and liquidity, stress testing and resolution planning, so that banks can provide the credit to

families and businesses necessary to sustain a prosperous economy. in doing so we must be clear and transparent about the principles that are driving our decisions and about the expectations with very for the institutions we regulate. to conclude, inside of the federal reserve we understand that our decisions in all these areas matter for american families and communities. i am committing, committed to making decisions objectively and based on the best available evidence. in doing so, i would be guided solely by our mandate from congress and by the long-run interests of the american public. thank you, and i will be happy to respond it your questions. stuart: that was the opening statement from the incoming chair of the federal reserve. i got one thing out of that. he did say that rates will rise gradually. there you go. ashley: now we know. stuart: now we know. let's continue with normal programing shall we.

hameet is with us from california. are you still there. >> i am. stuart: excellent and wide awake. house leader nancy pelosi said she spoke to one of the women accusing john conyers of sexual harrassment. here is the quote. police sloan told me she publicly discussed experiences i find the behavior miss sloan described, unacceptable and disappointing. i believe what ms. sloan has told me. did she flip right there. >> i believe she was for congressman conyers before she was against him. she stopped short in the last statement you read out, saying that he should step aside. the fact that he believes these ladies there should be consequences. we're seeing the democratic double standard in higher relief on this issue. it is very troubling. i think we'll see some other so-called icons losing some of their luster as a result of women coming forward.

it is about time. stuart: do you think, we're entering a new era between the relationship between men and women in the work place has changed, quite dramatically in the space of the last three, four, five, six, weeks? >> well, not so much. i mean women are coming forward but for many years those of us who worked in big law firms or corporations received sexual harrassment training there. is sensitivity around it in some circles which we don't see in congress, the senate or here in california. we had a member of our state assembly step down yesterday as a result of exact same type of allegations. what is disturbing is all these women in power, people like nancy pelosi, journalists like cokeky roberts who have been aware of these scandals in their midst for many years and didn't do anything about it and didn't protect women who came after it them. i'm glad some of those ladies are held accountable for their failure to step forward to voice

the women and suffered harrassment. most women i know suffered professional harrassment in their careers. stuart: you've been very gracious staying with us. we'll bring you back. i promise you that. hameet dillon. by the way the dow is holding nicely higher. i want to deal with the market before we go to the poke mon go thing. we're up 80 points, roughly 80 points. 23,661 is where we are. up 81 points. the appearance of mr. powell, head of federal reserve, made no difference what so every to the market. we knew what he would say at 7:00 eastern time this morning. now this. researchers say "pokemon go" players are causing billions of dollars in damages. i don't get that. tell me. ashley: by some estimates up to $7.3 billion. this is about players encouraged to roam in this game, catching digital creatures. the more they run around, more

creatures they get. there are rare ones. people get excited. what they didn't anticipate, people jumping in their cars trying to basically charge around as you see on the video to capture these digital creatures. what is happening, there are car crashes. people driving into pedestrians because they're not looking. don't have their eyes on the road. there are players running off the road and hitting telegraph poles. bottom line, injuries, deaths, all associated costs they say could be up to $7 billion. stuart: good lord. who do you sue? who do you sue? you can't sue pokemon i don't think? ashley: no. these people are being idiotic. stuart: well-said, young man. well-said. i think president trump is about to lay down the law today with republican senators. get on board with the tax reform, or pay a big price in the elections next year. that is at major theme of this program for the next 90 minutes. it will continue. ♪

♪ stuart: jackson 5 from way back. check the big board. we come off the high of the day but we're still up there, 77 points higher. 23,658. look at big tech names, please. facebook at 183. amazon, 1197. microsoft flies gain there, i do own some. 84.65. alphabet, 1072. hit all-time high earlier. apple, barely down 18 cents but $173 per share. more stocks. here we go. carnival cruise lines, raising the price of its drinks package. that package, for adults, up to

15 alcoholic drinks in 24 hour period. it was priced at 54.95. now it is going all the way up to 56.95. looks like a bargain to me. want to get drunk quickly and cheaply? ashley: why are you looking at me? stuart: president trump heads to capitol hill today. i think he is going to lay down the law. get those on the fence senators in line with the tax plan. that is what i think he is going to say. we have a poll, democrats lead republicans by double digits if the midterm elections were held today. david bossie with us, former trump campaign deputy director and citizens united president. david, i think the president will lay down the law. he will say, you see these polls, you're toast if you don't pass this deal. >> and president's 100% correct. this president understands that he and they they were sent here to washington to get things done for the american people. and, the american people are not

seeing much results when it comes to congress. they need a major victory at the end of this year, by the end of the year. that is comes in the form of tax cuts for the american people. they desperately deserve them and desperately need them. stuart: there are some holdouts, david, as you know. we have senators corker, flake and langford who are distressed about the deficit. senator susan collins worried about the obamacare individual mandate repeal. senators johnson and daines worried about the amount, gain that small business is going to get. auld of them, all six, maybe, more, they seem to want a minor league tweak as opposed to a radical change. that to me, means, what they want, they can have. it is doable. what do you say? >> i think you just hit it right on the head. everyone of these senators is looking an adjustment and that is where the senate is right now in their bill is they are making

adjustments and the senate leadership and senator hatch is the chairman of the committee, are working with these senators to try to get them all to yes. i hope that we're going to get them all to yes. we need 50 votes. and so we can lose one or two, but you can't lose more than that. look, some of these senators are, you know, are dedicated to their issues. i think senator johnson wants to get to yes but he wants to make sure that small businesses are getting protection that the big businesses have. senator corker on the other hand is talking about deficits. really the first time i heard him talk about deficits in a way that he cares. look, he spends every day passing legislation that adds to our deficit all the time. only when it comes to tax cuts does he you know, say that deficits matter to him. so, we need to get there. i think we can. i hope that senator corker and these other senators will get to

yes. stuart: the democrats have done a good job in demagoguing this thing. saying it's a giveaway to rich corporations, it's a giveaway to very rich people but i think i'm right in saying if this package goes through pretty much as is now, everybody who pays federal income tax in their first paycheck, next year, will have a higher paycheck, everybody gets a break next year, right? >> and that is the exciting part of what we see in this package, is that it is going to be tax cuts for all americans and that's what's important. this is what president trump ran on last year. was that he was going to cut taxes for all americans. not just some. and that he was going to create jobs by giving corporations a tax cut that was much needed to make us more competitive in the world. there was a very important issue for the president, and look, what we've done, look what he has done, just in this past

year, without the tax cuts. the economy is ready to take off. he has got it at 3%. the new normal under obama was 1%, 1 1/2% growth, stagnation really and just through the president's sheer force of his will and his pen through deregulation we've got growth at 3%. it is exciting. we can hit 4% and grow our way out of this deficit and out of our financial problems. that is what this president ran on. that is what he promised. that is the promise he wants to keep. stuart: david, forgive me for asking, but i'm going to ask, are you an investor in the stock market? because if you are, i want to know whether you're about to sell or you're holding in the belief that the market goes up some more if and when we get a tax cut? tell us. >> of course, like a lot of americans, i have my money in a 401(k), and i am very dyers diversified. i hope that this this tax cut goes through because it will

mean more wealth for all americans and a retirement opportunity for those americans who have had it hard for the last eight years. stuart: david bossie, investor, politician, good man. come back and see us soon. thanks, david. good stuff. >> thank you so much. stuart: i want to get back to the. stuart. >> brit hume says the president doesn't do grace very well. what he said, i believe said something more political than racial. he is taking a shot at elizabeth warren. at same time he is trying to make it conversational to honor two 90-year-old two world war ii veterans. i thought that was interesting. the other thing happening, stuart, i believe i'm only one to pick this up, a few days ago "time" magazine and the president had a little dual whether he was asked to be on

the cover of "time" or not. they went back and forth t led every other network, okay? then yesterday they're talking about tax reform will get through. all of sudden we stop talking about tax reform again. we start talking about pocahontas and elizabeth warren. fine. guess what? while they sit there, get their hands dirty, having pocket protectors on it, tax reform to keep politics out of it, the distraction is pocahontas and "time" magazine. it worked for the president's agenda to talk about the famous native-american. stuart: at the press conference at white house, there was not a single question about tax cuts. all the questions were about pocahontas, outrage, racial slur, et cetera, et cetera. if the white house press corps didn't want to go anywhere near the most substantive, important issue of the day, getting this economy moving again. no, they want to go with the racial slur of pocahontas. i digress. i digress. i can't believe it sometimes what these people get up to.

here is one for you. tiger woods. he's back, all eyes on the player as he makes his return to the sport, am i right about that? he is coming back? >> think about this not only back after series of operations on his knees and backs you also had situation where he had addiction issue when it came to painkillers. has a lot to do the pain medication coming out of these surgeries. you have a guy who is clean of his addiction medicine, went through series of rehabs. personal humiliations in his rear view mirror. a generation of golfers owe their love of the game to tiger woods. i have never seen this before, stuart, generation who wants the spotlight, wants as much for this 40-year-old to get back in the game. he ignited their passion in the game. dustin johnson who golfed with him, other older guys say we need tiger back. they're pulling for him. he went from the overdog to the

underdog. brad fax son joins us this morning, former professional golfer who turned fox analyst, that tiger was outhitting dustin johnson best player in the world. hasn't done that for six years. if tiger is ever leading, not a major, final of a tournament, you will see 1970s, "happy days" finale ratings. stuart: i would love him to come back strong and win a major, ashley. unlikely but i would love to see it. >> it is not unlikely. we're not seeing anybody dominate anymore. stuart: brian, we're out of time. it was fun, thanks for being with us as per usual. >> you seem like a wonderful person. stuart: big news on the royal engagement. the palace just announced that prince harry's wedding to meghan markle will happen next may, windsor castle. ashley: st. george's chapel there. very famous historic chapel. all sorts of people buried

there. henry the viii. princess margaret, laid to rest in this historic chapel. they could have gone much bigger with westminster abbey. there was speculation they would go to the chapel at windsor. the queen can just come down out of castle. they said it wouldn't be in june because his grandmother would have royal as scots. because they decided to have it in may. just a joke. stuart: if you have in windsor, security such easier. ashley: security much easier. stuart: i would think. are you going? liz: i think whole varney team should cover it. stuart: now you're talking. looker at this, winnebago's stock, speaking of royalty -- [laughter]. it hit all-time high. record sales this year. that stock is up what, 5%? you could say, i'm going to say that is a positive economic indicator. the ceo of winnebago will join news our next hour. first though, venezuela, on

the brink. we've been saying that for a long time. how has it not collapsed already? we'll have an answer for you in a moment. ♪ attention homeowners age sixty-two and older. one reverse mortgage has a great way for you to live a better retirement... it's called a reverse mortgage. call right now to receive your

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jeff bezos is the new steve jobs? well last hour we asked scott galloway what he thinks. roll tape. >> steve jobs with the iphone and imac. you have jeff bezos with prime, where 62% of households have prime. more households have a relationship or cable pipe of stuff called prime than voted in the 2016 election. stuart: is that true, really? 62% of all households in america have prime. >> more people have prime that voted in the election. i have a landline phone. more people will have a cable stuff of pipe in the house called prime than have cable television. talking about the most innovative product, was it apple watch, apple pods? , no. amazon echo, which has 70% of share of voice in the home. ♪ what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it.

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some side effects can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c and blood sugar, activate your within. ask your doctor about once-weekly trulicity. stuart: ah, this is the high of the day. we're up 86, 85 points. 23,666. how about that? got it. venezuelan general has been given and taken control of the country's oil industry. a general no less. we've been watching this story for a long, long time, the collapse of venezuela. we all said for a long time, here it comes, here it comes. they have got to be collapsing any minute. so far they have not, despite what you're seeing on your screens. come on in, vanessa newman, who is an expert on the subject and frequent guest on the subject of venezuela. vanessa, why is it that venezuela has not yet collapsed?

>> thanks for having me on again. i miss being in the studio with you guys. the reason why it hasn't collapsed so far it keeps finding sort of white knights to come help it. by and large it has been mostly russia that keeps infusing a little bit more money, a little bit more money. however russia and china are demanding restructuring. they have agreed to debt restructure of 3 1/2 billion dollars of the russian debt. so they keep getting infusions that way. then you have sort of random wall street people, there was a rather famous case this summer of goldman sachs making a a primary acquisition of bonds from the central bank of venezuela, which became known as blood bonds case which was very big and i discussed with you. then you have this guy called martinez who just gave them $300 billion, $300 billion in in the spring, and in exchange,

sorry, 300 million in exchange for 1.3 billion in bond. there are rumors he will come back in, do another acquisition. what you're seeing is entrance much vulture fund, basically buying bonds at lowest possible price, you know, for one-quarter of face value. when theys force a default, they will swoop on in with part of the restructuring. you have random players. stuart: you have random players coming in, supporting them, giving money here and there, restructuring the debt, how long can they do that for? >> not very long and i'll tell you why. because they're having real payment problems. so actually, as of today, you had two more pedevesa bonds default last night. three pedevesa bond in default, four sovereign bonds in default and another billion dollars that's late but still within the 30-day period. the problem is, some people are hanging on thinking the money is on the way which is what the

government has been saying. here is the problem with that money. yes, they are trying to get it paid because banks won't transfer the money because they can't ascertain the source of money is legitimate. in other words the banks think it is dirty money. they can't pay bondholders with dirty money. stuart: look, this time next year, from year from now, are we still talking about president maduro and the generals in charge and refinancing, this and that? are they going to hang on for another year? >> i hope not. what is catching up with them is the hyperinflation. right now people are making about $8 a month or even less in real terms and the inflation is now in zimbabwe terms. it is now over one this percent. that will -- 1000%. that will catch up to them. they are trying to make payments. not just the general in charge of the oil company. it is also trade, commerce, housing.

there were also appointed generals. calling elections -- stuart: it's a socialist, military, what is the word -- >> dictatorship. stuart: dictatorship. thank you, thank you. i'm running out of words. vanessa, thanks for joining us. keep us informed about venezuela please. because you're the go-to person on this. we appreciate it. >> thank you very much. stuart: okay. completely different subject. popular outdoor brand columbia sportswear, they may leave downtown portland, oregon because a series of frightening encounters with the city's homeless population. tell us what are the homeless people doing? liz: they're deaf indicating in storefront doors. they're leaving trash. stolen laptops, broken into cars of employees this is serious policy issue. consumers don't want to go to the retail area to shop because it's a danger zone right now. the ceo of columbia saying, i have to think of my workers safety. so he is saying in 90 days i

will make a decision whether or not we stay. stuart: come to that by the way -- ashley: frightening away customers let alone people that work down there. stuart: problem, let it run. more and more people are doing this. ashley: right. stuart: you know there is a church in malibu, southern california, which has stopped feeding the homeless because the homeless have become a real problem in the community. overand above, not having a house, they are really disrupting the whole town. that is a big deal. i don't know where this thing goes. liz: yeah. stuart: but we'll find out. ashley: yeah. stuart: we have a high of the day for the dow industrials. we're up 81 points, 23,662. that's where we are. we're up today. seven senators could be on the fence with tax reform. i think the president is heading to capitol hill to lay down the hammer today. third hour of "varney & company" is coming up for you. ♪

>> for years, making this pie for years. makings 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. stuart: yes indeed, governor. that was former arkansas governor mike huckabee, talking about his daughter sarah, sarah huckabee sanders, she took a lot of heat after posting on social media about a pie she baked on thanks giving. first from mark. 20 trillion in debt, we're talking about a pie? this country is screwed. well-put. jenette said this, press asking dumb questions again. this takes the cake, i mean the pie. last one from kyle. hard for liberals to believe we create anything without the government. another example of the press picking on anything they possibly can. ashley: smart viewers gone from accusations fake news, to accusations fake cooking. serves to make the media especially those in washington absolutely ridiculous, absolutely ridiculous. stuart: well-said.

liz: press pool looks like one long episode of "mean girls." we didn't get a slice of delicious pecan pie. is that how you say it? "l.a. times" headline. administration's credibility being called into question. oh, ply god. -- my god, that is the "l.a. times" headline. that is ratcheting everything into a political scandal. that is pathetic. stuart: they wanted proof, the press corps, they wanted proof they wanted to bake it. ashley: proof is in the eating. liz: breathtakingly tedious coverage. breathtakingly tedious. stuart: we're done with it. ashley: pie-gate. stuart: we're done with it. we'll be back.

the ..

stuart: president trump will speak to senate republicans today. he wants a tax deal and he wants it before christmas anyone the senate to deliver.

don't expect a friendly fireside chat. expect a threat. get it done on taxes or rows. look at theirs. the real clear politics poll shows democrats with a double-digit lead if elections were held today. republicans have lost support. to get it back they have to give the president a win on taxes. there are last-minute waivers. hold on so to speak. senator corker, flake and langford are worried about increasing the dad. susan collins worried about repealing the obamacare individual mandate. senator johnson and are concerned about the treatment of small businesses. last-minute horsetrading is to be a bird will any of the senators eventually vote no? frankly we don't now, but surely none of them wants to be the senator who killed tax cut, killed the growth agenda until the republican party in next year's elections. all of this unfolding speed with

the delusional politics. it will not be pretty. investors are watching closely. trillions of dollars at stake. quite a threat to lay on the republican sentiment that's exactly what the president will do a few hours from now. the third hour of "varney & company" is about to begin. ♪ stuart: that's very clever. we can work it out. we can work out a deal. let's get right to tax reform with the senate republican today. peter can assist us, former goldman sachs partner, author of the book american mojo. the senate holdout so to speak what, six or seven of them. they want to tweet.

will they get it. >> johnson and daines are onto something. 655 million businesses around the united states, 95% are passers, not corporations. it does not affect 95% of our businesses. we have to make these changes. so it's closer. shouldn't be penalized or punished. a limited liability corporation. though small businesses need to be addressed. turn to what you're talking about all the senators is tweeting it. none of it is requiring fundamental change for the basic packages, just tweeting. >> i would say it's doable to do the job right is going to cost a few hundred billion to do it

right. not a tweet. maybe in the context of a trillion and a half businesses. but that is really important. get a little more in the small business. the smart thing to do. stuart: let's check the market appeared close to the height of the day. dow industrials up 81 points. we were up 87 moments ago appeared 23,662. john mayfield, ceo of failed a field report. kind of an easy question. 23600 at the moment. do we get to 24,000 by christmas? >> odds are we do. only 2% in the labor market has been trending especially for tax cuts go through nec inconsistencies as far as what will happen going forward we definitely hit the mark. stuart: 24 k. by christmas. >> if you look at it, 21% gain

for the market appeared the last 40 years that hasn't happened nine times. we have to have extraordinary things happen. grant had to redo it now or somebody does a great big exciting merger delay whole foods in amazon did one last summer, that could take us right over. they could have been no more than likely a few days grinding ahead when you get to 400 in no time. stuart: let's do a speculative item. but suppose we do get a tax cut deal this year. john layfield, would you be a buyer of more stock if that happened or would you sell on the news? >> i would not sell them is because once you take the uncertainty out of the market, which is the one they hold in the market and place right now because they believe they will get tax cuts but they're not sure, if you don't get tax cuts,

10% in the market right now is how much you see the dow dropped. if you see the tax cuts go through, we continued to trend up. not a huge faster and we continued the trend. overall online sales numbers came out with one day we spent six points at $9 billion online in one day. that is huge. by the way, 1.59 billion of the money was spent using smartphones. that is another record. i say this is an extraordinary shift in the way we shop and it's happening right now. the revolution. am i going too far? >> no, absolutely not. by the way, and online sales only 10% from 11%, not even close to rockefeller numbers on monopoly which is worrisome because amazon is 25% right now. the next three years they will double their company size with what they've done the last 20

years. we have laws 7600 stores and 6800 at the height of the recession. this does keep inflation down. they lowered food inflation by four percentage points but it's bad for overall retail and overall jobs. stuart: peter, my going too far this revolution? >> it's exciting to watch and is reminiscent of wal-mart. one of the things amazon is doing that is so smart and they are taking again from booking profits. they're taking all that savings and efficiency and passing it on to the number. >> the market loves it. look at this. right now amazon 1197. it actually had 1203, 1204 early this morning. clearly on a roll. i want to talk about just leave those, now worth more than 100 alien dollars, which brings me to this question, first of all,

you see, jeff bezos, founder of amazon, the new, next to jobs. >> from the service perspective company started out as a bookseller. he didn't make any profits for nearly 20 years. he just said about saying what industries can i transform and is transforming just about everything in his path. stuart: the next steve jobs, jeff bezos? >> he competes on low prices and he competes on convenience beauty is like steve jobs and the fact that the amazon echo recurring revenue, but more importantly he's built a company based upon the sam walton model of low prices. stuart: i want a breakaway from the stock market for a second and cover the market for oil. earlier this week, maybe monday yesterday. highest level in two years got real close to $60 per barrel, back up to 57 right now.

price of gas at $2.50 national average. thirty cents higher than this time last year. what is driving the price of oil higher? what is driving gas prices higher? global demand which is a signal for strong global economy. >> it is a combination of things. global demand you can't trust opec on how much their production has been sent to have been put in place. you see a lot of shell being taken away in west texas and furnished to north dakota and global demand combined with that is basically supply and demand and favors the majors right now which i own several. >> global demand? >> we see things come into balance. supply demand imbalance for a long time and no pack this week is going to be more like a central bank saying we are going to extend the cuts we've had until late next year.

the russians want higher oil prices. and so, all god's children seem to want higher oil prices. stuart: take a look at the big word because this is the height of the day. up 86 points now that puts 87 points now 23668. jerome powell -- >> i was going to say it more of the same in the market take some solace in that. >> that's what the market is react into. he did say rates will rise but gradually. do you want that now, justin? i'm going to roast and tape on elizabeth warren confronting mr. jerome powell. roll tape. >> so i would say there's a lot of a lot of problems we need to address in the banking system. i do think we've had eight years now of writing new rules and

honestly i can't really tank of a place where we are lacking an important role. we filled out the rules we've need and it's a question now of dealing with instrument supervisory standpoint. >> so if all the rules issued during her time coming been there for five years on capital, leverage, liquidity, stress test, you don't think a single one should be made tougher? >> honestly senator, they are tough enough. >> okay. i've got to say this worries me. let me take a look for him in the rules you say you want to roll back. a few years ago the fed and other agencies finalize the local roll with your support on mac. it prohibits banks from trading on their own account unless it is directly related to customer service. this addresses one of the main ways banks got into trouble during the buildup of the financial crisis that sent them to congress for $700 billion bailout. do you support significant

changes in the vocal role that apply to big banks, for example, by exempting additional forms of trading? >> i do support a rewrite of the vocal role. i do believe we can do that in a way that is faithful to the language and intent of the vocal role. >> c. would favor attempting more trade, for example? >> i would favor tailoring the application. >> i would call that weakening the rule. i'll tell you what, my time is nearly up and i will follow up with questions for the record here. i am deeply concerned that you believe that the biggest regulatory problem in the country right now is that the rules are too hard on wall street banks. that kind of mindset led the fed to ignore the financial system risks before 2008. it helped lead to the financial

crisis and it helped lead to the recession that followed it. so i am worried that we not go down this path again because if we do, it's going to be the same thing and that is millions of families are going to pay the price while the banks end up once again getting bailed out with record profit. i'll submit additional record of questions for the record on this line. thank you. >> thank you aired your 15 seconds credit. stuart: recalibrated the confrontation between elizabeth warren who is the scourge of the banking industry and the incoming fed chair, mr. jerome powell. mr. powell, by the way, went on to say that he sees 2.5% growth in the immediate future, next year from the situation is coming together to raise interest rates in december. the market kind of likes what he's been saying because dow jones industrials are up nearly 90 points regardless of what

mr. powell says, regardless of criticism from senator senator elizabeth warren paid anything to write about? >> this is a fairly predictable change. she set up to play in jay powell have to thread the needle because a regulator after all. >> they have to play the game, but i don't think anybody believes the volcker rule and its full capacity is done anything except weaken the banking system. tweets are necessary. stuart: tweets is different from radical reform. the dallas north 84 points. that is where we stand as of right now. a couple individual stocks for you. fast food chain arby's going to buy buffalo wild wings. worse to .9 billion. they will pay $157 per share cash. buffalo wild wings at 155 up 6%. look at this. can point staffers for roy moore

pushed and shoved to fox news crews. as he was arriving under rallying alabama. he doesn't condone any pushing or shoving of anybody. he also accused the media of inappropriate behavior during the campaign. that's what happening. columbia sportswear may close its office in portland, oregon. its ceo says homeless people have broken into cars, dumped human waste by the office front door, threatened and harassed employees. because the situation outrageous and unacceptable in portland, oregon. he says he'll decide in the next 90 days whether they will stay in portland or leave. politics, here we go. president trump has a capitol hill this morning to talk about tax reform is expected to give senators i think maybe an ultimatum, pass this or else. joining us now, senator bill cassidy, republican from

louisiana. in aire calmness that's what you're expecting from the president, do this, pass this arose? >> i think it should be passed, but that's not the way her federal federal government has said. senators have their own concerns and they have to be addressed and again, the middle-class families tax cut for economic growth. there is enough reason to go for the threats. stuart: democrats are saying this is a big wave to corporations and the rich, but my understanding of the package goes through, roughly as is, everybody's paycheck or almost everybody's paycheck in the early part of next year because federal tax rates come down. am i right? >> absolutely. if you look at the percent of families reporting, disproportionately working middle-class families those are the families that will benefit in terms of tape and percentage of everyone who does. regards to corporate i hear from

corporations upset that their rate don't go down for a year but they are paying higher taxes in the interim. believe me i hear from corporations would like to have it different. ultimately corporations are to make the investment that create the jobs that pay higher wages. that's a good thing. we want the investment to pay higher wages do not directly benefits for working families. stuart: we've heard from six or seven senators who want small changes in the overall bill. senator corker, flake, langford and the worried about the dead. susan collins worried about obamacare individual mandate. senators john finn in daines worried about small business. they all seem to want tweets as opposed to a real shift in the basic makeup of the package. therefore, seems to me what they want can be accommodated not easily, but it can be done. what you say? >> totally agree with that. this bill was scored as if our

gross domestic product would only grow by 1.9% over 10 years. we've heard he had two quarters of over 3% growth projected to have another 3% growth next quarter if we just raise growth to 2.4, 2.5%, the increase growth of our economy with more tax revenue pays for itself. i think people become aware of that, more comfortable with it, concerns will be addressed. stuart: i have to go back to something i've been saying for a long time. i just can't believe the republican party at the very last minute would say no to a tax-cut package like this. i can't believe republicans would say no. >> it isn't just because it's the republican party tax guide. it's because middle income families do better. it's because we set the stage for more economic growth. that is the republican message

with a more prosperous economy in a more prosperous economy benefits all and that's good policy in there for good politics. stuart: you are a definite yes. >> i am. stuart: senator bill cassidy, republican of louisiana. thank you for being with us on a very important day. >> thank you. stuart: this total change of subject. a new study reveals that self driving cars could/demand for sedan cars. not suvs, not sports cars, sedans by 50% in the year 2030. there would be a radical shift in the car market because of self driving. it's a long way in the future. we also have this on cars. the chevy volt one car of the year last year, but which a vehicle one this time around? we will tell you momentarily. another top ceo in america.

who is the top ceo in america? is that by money or performance? okay, we will explain it all in a moment, i promise.

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stuart: mark that gap is the ceo of salesforce.com, business software maker being named the best ceo in america. the website says he's a dynamic leader who takes care of his company, taking to new financial heights. the site praises him for having it deep connection with employees. brian halligan privacy of the market software company hotspot, brad smith was into it, just when you from link didn't ceo said you're not valid. that guy gets my vote since i don't microsoft stock and is doing well. that's my criteria. thank you. appreciate that. the forces that prince william and prince harry. there were the brothers had a cameo in the new "star wars" movie believe it or not.

the movie the last jedi they play storm troopers, very brief scene. don't know whether they got speaking parts. hits the theaters on december 15th. dictionary.com out with this word of the year. complicit. choosing to be involved in an illegal or questionable act with others having complicity. they gain traction march: a "saturday night live" skit about ivanka trump was senator bob corker announced he was not running for another term saying he would not be complacent with what was happening in washington. tiny house in san francisco comes with a big price tag. it is a condo. 363 square feet at 540,000 backs. that's about 1500 bucks per square foot in the trendy mission district with a murphy bed, galley style kitchen, even a walk-in closet.

it looks out on a shared yard and therein lies the value in the mission district. tiger woods makes his return to professional golf this week compete at the hero world challenge in the bahamas. it will be his first competition since february which is great after undergoing back surgery in april. i believe he's gone through and over his addiction issues. motor trend has named, the julia carr of the year. the magazine praises the car superior driving performance and design. it's actually made by fiat chrysler. it starts at a mere come of this good, $38,000. pretty reasonable by today's standards. listen to this. "the wall street journal" reports wells fargo overcharged hundreds of clients while trying to land a business. napolitano coming up on the

subject. real clear politics poll gives a double-digit lead in the midterm elections if they were held today. we will tell you all about it after this. ♪

stuart: 84 points up and down industrial spirit 23,665 for the benefit by radio listeners up to you again. 84 points on the dow industrial spirit 23,666. resolve records for the s&p early this morning as well as the dow. of course we are monitoring capitol hill. president trump all had there in about an hour. making the republican senators on tax reform. the stakes are very high for republicans. look at this. the new real clear politics pulled gives the democrats a double-digit lead if the midterm elections were held today. come on in, rnc hurson kinley mcinerny. you've got to be worried by that poll surely. >> not worried at all, stuart. first of all, i don't trust polling. hillary clinton might be president if we trusted state polling. that aside, when the american

people wake up with more money in their pocket, they are going to be sending republicans to washington in droves. the key difference is going to happen and you see those numbers change. stuart: hold on the second and going to pass this around the block. peter kiernan, should the republicans be worried? >> no, none at all. it's a meaningless poll. so much could change. i would than one second thinking about it. stuart: the judges here. he looks like he's going to sleep. >> the last thing we want is mrs. pelosi as the speaker. republicans should be worried because it's not meaningful tax reform and it doesn't put cash in the pockets of the trunk people. he raises taxes. stuart: kind of a mixed bag response. you want the last word? >> i would just say we are doubling standard deduction. middle-class families will see their taxes cut, more money in pocket on average. these are good tax cuts. look at the rnc fundraising

numbers outpacing by devil. stuart: can i give you marketing advice for the republican party? do pass this tax deal and every single person or almost every single person who pays federal income tax will show higher paycheck come january the first. that is true. whether you say that? >> that's absolutely true. i've been saying it in your right to say we need to be out there saying and not from the rooftop all day and all night because it is true when the "washington post" reviewed the play in this raises middle-class taxes that's false. this is a pay increase for every american. stuart: opted payment whenever you're ready for my advice. >> your taxes are going up. stuart: quiet on the set. cost minority nancy pelosi look like she flip-flopped on john conyers. listen to what she said about him over the weekend. roll tape. >> were strengthened by due

process. just because someone is accused, was the one accusation, too? john conyers is an icon in our country. he's done a great deal to protect women. stuart: that was sunday. here's what she said monday. ms. long told me she had publicly discussed experiences on the stock. i find the behavior ms. bowen described unacceptable and disappointing. i believe what ms. sloan has told me. here is your chance. go ahead. >> a complete flip-flop and reversal and she claims to be the head of the party for women. you are not because john conyers not only are there all these accusations, he settled the claim of misconduct with taxpayer dollars. you should be calling for his resignation. the fact that you're not is absolutely reprehensible. transfer how is that due process when you're paying hush money and told not to speak?

even the former deputy chief for john conyers said he only got a slap on the wrist. so what was nancy pelosi enabling all of these years? what was going on on her watch? stuart: i just got to break in with this. breaking news of something important i might add. senate democrat leaders schumer and pelosi will not attend the meeting that had been scheduled with mcconnell and ryan can the circle for this afternoon. this is just coming at us. ashley: rather than go into the white house were shown to be that won't result in the agreement we best leader mcconnell as people ran to meet this afternoon. we don't have time to waste in addressing the issues that confront us and we continue to negotiate with republican leaders who may be interested in reaching a bipartisan agreement. in other words, the president earlier said why should we bother showing up.

stuart: what is your response to that? >> there's one person that's made by partisanship or some modest president trump. the last meeting they had made a deal with the democrats. if you want to be bipartisan, by the way with the american people want, you show up in meet and talk things out like adults. you criticize ted cruz for shutting down the government we're going down the path of the one of the obstructionist. stuart: could it mean democrats think maybe the republicans are going to get the votes they need in the senate, therefore they don't want to be a part of what they call the big show meeting. is that a possibility here? ashley: maybe, maybe. they want to continue to negotiate, which is always good. >> about is going to negotiate you what i've told you when you're on your way over to my house. they turned around and went

home. >> show me the big board, please. session highs for the dow industrials up 96 points. 103-point that we are going out. the news breaks, schumer and pelosi will not attend the big for a meeting this afternoon in the market climbs a bit more. not much. i'm doing the math. 318 points away from 24,000. thanks for being with us today. i'm sorry i sprung that is on you all of a sudden. fast reaction. well done. >> thanks, stuart. train to see you soon. this is where the judge. bankers at wells fargo accused of overcharging hundreds of business clients so that day, the bankers can give bonuses. good criminal charges be fired? >> absolutely. it appears as though this was a systematic agreement to do this on a regular basis.

if i inadvertently overcharge you and then realize that and pay you back on it's a mistake. if i do it over and over again you might see me. if i do it and my colleagues do that, hundreds and hundreds of times to hundreds of similarly situated people, it's hard to escape the conclusion that this is yet again a culture at this bank of doing harm to your own clients. stuart: you sound like senator elizabeth warren. the >> i just realized that everything in that. elizabeth warren would say the government should step in and resolve this. i would say the crime was committed there should be a prosecution. stuart: any comment, peter kiernan? >> this is a perfect example of misplaced priorities. there's so much pressure that they do the wrong thing and basically employees are encouraged to do the right thing. this is not people in the firing line to her at all. this goes all the way up i think to the board.

>> this is a case where we'll charge you $50,000 for all these traits in the bill comes for 65. over and over and over again. the belief that extra 15 goes into the kitty for which may bonus will come. that's outrageous. stuart: i've got a point this out. nancy pelosi and chuck schumer, said they are not going to the meeting with the president and mcconnell and ran this afternoon. could immediately starts going out. now we have 114 points. let's look like this. if the two democrats have been at that meeting, there's a suspicion the president might they'll do a deal with you guys. i'll get a deal done. i would not be a good deal for investors or the economy because you wouldn't get much of a tax cut. if they are not going to the meeting, they will not do that kind of deal. >> the deal is about not shutting down the government two weeks. the democrats are not going to

vote for that. stuart: had he known the president wasn't going to say hey, nancy. >> the stated purpose was to get a budget or continuing resolution passed. they need 60 votes in the senate said they need democrats on now to prevent a shutdown. >> i am being cheered in my ear by the control room. stuart: you've gone over time into the commercial. vice president might hence not yesterday. they talked about the renegotiation of map data. president trump once more auto parts made in america. the automakers say that could hurt jobs to cut the price cars that go well. now you know. democrat congressman of illinois luis gutierrez is retiring at 63. he's been in congress since 1993. he tells fox news he plans to run for another office but has not said which one. there is speculation he will run for governor of puerto rico or

mayor of chicago. batman bloats president trump. look at apple. one investment firm says the iphone 10 sales thereof could be 20% higher than expected. apple stock holding out 173. cbs dropping through repeated show after misconduct allegations against the actor. here is what is still ahead for you. the ceo of winnebago. the company setting records sales this year. the stock hit an all-time high. i think that is an economic indicator and we will deal with it. we'll be joined by comedian michael loftus. he recently admitted publicly he voted for trump. now it's part of his routine. what happened to him after his admission? we will find out. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value.

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>> i'm nicole petallides victor fox business brief. space with this latest round of funding by $100 million. back to $450 million in the latest filing with the fcc in november. that is meant for magus where they actually said they had 350 million. that being said we seen this addition here is not new funding. also interesting that you unmask

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stuart: softbank is going to spend billions of dollars spent a chunk of uber. it wants to buy that chunk at a 30% discount because of all the scandals of course. peter, there is more to it than putting money into goober. >> if you have to think about two buckets of money, going into the original $60 billion violation. 9 billion is to buy out investors. it's going to be a big discount. you have a chance to ask for more. something like 28%, 30%. if you want to check out and not wait for the ipo or cemetery. stuart: none of it for $1 billion most vertebrates south. the private investors why now

take their money block away. goober gets $1 billion. fascinating. what accompanied by the way. we've got a stress test. up 117-point on the dow industrials. this move to the upside started about 15, 20 minutes ago when it was announced nancy pelosi and senator schumer will not be attending the meeting with trump and mr. mcconnell and speaker ryan. they are not going to go. the market interpreted that as we are not going to get a democrat at all. maybe the market will be yes the republicans in the senate will get a deal. we like it. ashley: the democrats will be seen as an obstacle with things like -- dreamers will get

together with them in the meeting will proceed and when that is done he goes to meet all the republican senators and i think he will lay down a lot and say pass the singer ralph. he said he don't do business like that. president trump demands different. now again, totally change the subject. our next guest may think we are hilarious on occasion. this gentleman made headlines when he admitted he voted for president trump. watch this. >> i have a confession to make. i voted for donald trump. people had to be like embarrassed about it. i don't know, tough this year. tough call to make. i don't know.

you're not going to vote for that maniac. no, no. then you pull the curtain. click, crazy. stuart: that was funny. sir, you are funny. those really good. the gentle men on the right-hand side of your screen is michael loftus. what was the reaction after that came out? >> in the audience, people crack up because they all did the same thing. everybody lies. trump? get out of here. and they all did it. they all voted for him. my peers are waiting to see you vote for donald trump and its nato. how could you have voted for charm. stuart: are still in the entertainment business? >> no, they kicked me out. stuart: no, they didn't.

>> as they fall by the wayside. now that louis ck is gone. stuart: you tell us why did you vote for donald trump? >> because big government is never the solution. donald trump was not hillary clinton. unlike ronald reagan. and somebody says i'm from the government and i'm here to help, i ran screaming. i always want the guy who's going to give me less. stuart: have you really blossom business? the reaction to trump voters was extreme in the entertainment business. i wondered, have you lost any business at all? >> i'm sure it will affect me, however, i think i have been working in clubs and working on tv long enough that people know i'm a rational human being and i am not crazy, nor am i a nazi.

as long as people are laughing it will all be cool. stuart: we are watching the clip in all of in all of us around the table were laughing. we found it funny, humorous. thank you for doing wretched and then appeared on the program today. anytime you want to come back and make us laugh, you are welcome. got it? >> i'd love it. stuart: thank you, michael. take a look at this, ladies and gentlemen. those are fancy rvs. they are from winnebago. new model just released in september. by the way, winnebago hit record sales this year. the ceo of winnebago on this program, next. ♪ [vo] when it comes to investing,

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stuart: garrison major recreational vehicle rv convention happening this week in louisville. our next guest at the event is michael happy, and the ceo of winnebago. welcome to the program. great to see you, sir. >> good morning.

stuart: your stock at a record high and rv sales are up huge this year. i'm taking that to be an economic indicator, a sign of a truly growing powerful economy. is that the way you look at it? >> yeah, i think a lot of factors contributing to the growth of rvs in the u.s. certainly the economic conditions we experience right now are strong and steady. our customers have access to financing ever so it is definitely part of the equation leading to record shipments of the rbn does tree. tree into any attention, and on ball question i know, but down the road a ways can you see an electric rv market developing? >> well, there's all different types of technologies being utilized in some other industries that can certainly make their way into the rv industry. we keep our eyes on alternate power technologies that could either integrated someday.

something economists. we keep an eye on those technologies and we try to stay ahead of the curve especially here in winnebago and when the time and value is right they can be introduced into the products we make. stuart: michael, i will show on our screen some of the models you've got there in louisville and i will ask you how much. i just want a ballpark number. the first model is the rival. i will put it up on the screen. ballpark figure, how much out the door? >> you will probably run you in the neighborhood of $120,000 but is excited about the product as it is really the first true off-road four by four rv in the market today. those extreme explorers are going to jump through the intent. i will put up on the screen and you tell us a ballpark figure for the intent. >> you know, depends on the

floor plan but you can get as low as $79,000 can run closer to 100,000. definitely a very affordable family-style rv. stuart: last one. the horizon. how much? >> horizon is one of our class a diesel products could radiate north of $300,000 for that you get a tremendously contemporary interior, something that will really wow your neighbors, friends to bring on vacation or holiday with you. stuart: excellent. thank you for being with us today. congratulations on the stock price, all that stuff and we appreciate your time. thank you indeed. >> thanks for having us. ashley: i'm not bringing my neighbors. stuart: out of time. more after this.

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ashley: that, there he is. that is jerome powell incoming share of the federal reserve. one thing he did to help the market, to say there would be a

gradual interest rate rise. the rest of this gain is attributable to, nancy pelosi and senator schumer. who will not be attending the meeting of the big four with the president later on today. investors love that. we're up 125. neil it is yours. neil: thank you very much, stuart. we're following up on that, why we said no. we obviously have a pretty good idea. chuck schumer and nancy pelosi pulling out of that meeting after that trump tweet. in case you didn't hear the president saying earlier on the meeting with chuck and nancy today about keeping the government open and working, problem they want illegal immigrants flooding into our country unchecked, are weak on crime and want to substantially raise taxes. i don't see a deal. and they didn't see a need after reading that, to have a meeting. to independent journal review's erin mcpike. what do you make of this? >> obviously chuck and nancy as it were, sort of decided president trump is not