nough time to say thank you to this all-star panel. have a great day, everyone. here's stuart varney. stuart: thank you very much, indeed. welcome to the show. smile. stocks going straight up. we're not that far from tow 25,000. -- dow 25,000. how about that? good monday morning, everyone. the president wins big on tax cuts, and investors from all over the world are piling into our market. we will open at record highs across the board. the dow will be up over 200 points. please remember, we crossed 24,000 just last wednesday. on this program you'll hear from market watchers who say we'll hit 25,000 this year, maybe before christmas. here's a taste of what's going

up, big tech. they're made the running -- they've made the running all year, they are still leading the charge even higher. abc news in deep trouble. friday they put out a false report that sent the dow plunging 350 points. the reporter, brian ross, has been suspended, but many investors lost money. the president thinks abc should be sued. the mueller investigation, that's in trouble. now we find a trump-hating fbi agent on the mueller teamç plad a key role in hillary's e-mail probe. peter strock played a key role in the russia investigation. can you say politicized? can you spell bogus? it is monday morning, and trump is winning. varney and company is about to begin. ♪ ♪ >> the stock market, i think, is going to have a very big day

based on the massive tax cuts that we're very much in the process of getting approved. but based on the vote we had last week, the stock market has been reacting unbelievably well. the only to thing that hurts it is the fake news. [laughter] stuart: bomb right-hand corner of your -- bottom right-hand corner of your screen, president trump talking up the markets before he got onboard air force one enroute to utah today. we're going to be up at the opening bell, 220 points plus. new records across the board at the opening bell. i'm going to show you this again, big tech names promise to open higher, all of them across the board, significant gains. they're already at or near records, they're up again this morning. it's the sameç story with the g bank stocks. they got favorable news on regulation last week, way up last week, way up again. joining us now fox news contributor scott martin with kings view asset management. all right, key question.

25,000 by the end of the year or by christmas? which is it? >> >> oh, gosh, stuart, i'm guessing by christmas. you asked me this question last thursday, and i think you thought i was crazy, but my goodness, as we've seen the tax cut getting pretty much final approval, this is going to drive stock prices higher. and i think into the end of the year we're going to see dow 25k. stuart: okay. let's be clear here. this is all about the passage of the tax cut deal through the senate very early on saturday morning. that's what's propelling this market this morning, correct? >> absolutely. i mean, you're going to have corporates, stuart, that are going to have more of their own money to do with it what they want, stock buybacks, dividends and probably hiring as well. so when money is going to be in the coffers of the corporations here in the united states instead of the hands of the government, that's why you're going to see the s&p 500 go up. stuart: okay. this is a big deal, we've got to tell everyone about it,ç cvs

agreeing to buy aetna, $69 billion deal. i take it this is mainly a response to amazon. is that correct? >> just like everything is these days, isn't it? yes. i'll tell you what this does in a couple ways, it actually makes one wonder if this hastens the deal between, say, walmart and humana. it allows folks to get more access to health care, preventative care, education with respect to their own health care and maybe even more transparency when it comes to cost and certainly quickness if you go into one of these, say, minute clinics at cvs versus the long waits at your doctor's office. it's got to get approval. we've had problems with health care consolidation in the past. we'll see be this one gets through. stuart: did you just say walmart/humana? i've not heard about this. are you speculating? >> i am, stuart. they already do some work together on the prescription drug side, but i believe that's going to put pressure on walmart to compete. they've got a lot of stores out

there, they want to see a lot of people walk in there for health care costs, they're already doing shopping there -- stuart: do you own walmart or humana? >> we don't, but we're looking at taking a positionç in walmat sometime soon if they do a humana deal. stuart: you'll come back later when we open. now, the market really swooned on friday morning after abc reported about michael flynn. it was later retracted, but the market went straight down. president trump tweeted this: people who lost money when the stock market went down 350 points based on the false and dishonest reporting of brian ross at abc should consider hiring a lawyer and suing abc for the bad -- the damages bad reporting cost. >> i'm smiling because this is america, you can see anybody -- [laughter] the question is would it be frivolous. as you know, many, many factors

affect the stock market. the oh interesting problem is what did brian ross know when he made the statement. did he believe it was true? did his sources mislead him? did he inadequately check the sources or adequately check them? for him to be insulated from liability, the report doesn't have to be true. rather, it can't be knowingly false, and it can't be prepared with reckless disregard to whether it's true or false. stuart:ç but you can sue his managers who did not take the right steps to make sure that it was true. >> presumably they didn't, because they've admitted they -- [inaudible conversations] >> they said they didn't. [inaudible conversations] >> -- or it would be very difficult to tie the decision of the managers to a stock market loss. the loss has to be foreseeable at the time the inappropriate behavior took place. stuart: ah, you lawyers -- [laughter] tweaking around, come on. >> stuart, this principle of law will defend us one day. [laughter]

stuart: what's in the background here? what's -- what's going on with all this, this -- >> here's what troubles me deeply. when the fbi interrogated general flynn, they already had a transcript of his five conversations with ambassador kislyak. so what was the purpose of the interrogation? probably to do what they did, trap him into lying. what would be the purpose of that? to interfere with donald trump's presidency. what would the fbi gain birdies lodging general -- by dislodging general flynn from the white house in the first month of his tenure there? why would they be wasting time asking somebody about a ck+ersation when they had a transcript -- stuart: so it is a politicized investigation, political targets. >> there are elements of politics to it. i'm not so sure this guy, stroke, is as bad as people are saying. we're talking about one anti-trump or pro-hillary text. if they become advocates for a

political cause, they have to get off the case. bob mueller recognized that, jim comey did not. stuart: all right, judge, we'll see you later, i'm sure. >> you got it. stuart: the sausage making, it comets. tax reform now moves through conference committee. joining us in new york congressman, the right honorable rod blum, republican from -- [laughter] >> the always right. stuart: the always right, yes. [laughter] congressman, welcome to the show. [inaudible conversations] >> right honorable mr. varney. stuart: here we go. what changes do you want to see? i don't think it's going to be a rewrite of the whole deal. it's going to be tweaking. what would you like to see tweaked? >> i agree, great question. it's going to be tweaking. and i agree with art laffer, one of the architects of the reagan tax cuts. the biggest mistake they made in '81 with reagan was they delayed and '83. this caused businesses to not make purchasing decisions.

it impacted people's decision making because, for tax purposes, it was delayed. and this caused the recession of '82 and '83. so let us not delay the corporate tax cuts until 2019 which is in the senate bill. stuart: you think you can do it? >> absolutely. we do not need a recession next year. we need the economy to take off. january 1st, 2018, corporate tax. all these cuts should take effect. withholding going down in personal paycheckings. stuart: how do you do that? you have to talk to your employer, don't you, so you do get a bigger paycheck january 1st. you sign up for the number of exemptions you have, but the they automatically change. the payroll department will do that. we need these to take effect 2018. why wait? stuart: can you do it? >> the proven prosperity model is back. every time it's tried, it works, so why wait? start it january 1st. stuart: have you guys got the clout to make those changes? >> well, it is the senate. we have a saying in the house,

stuart, the senate is where good ideas go to die. [laughter] so i can't guarantee anything. but i think they will listen to reason,ç they'll look at histo, and they'll see what happened with reagan. we do not need a recession, especially with the stock market anticipating gains as it is. stuart: what do you think of the timetable here? it really has speeded up dramatically. it's got enormous momentum going for it right now. we're going to get this thing signed, sealed and delivered before christmas? >> absolutely. christmas eve president trump will be signing this on his desk. i tend to be an optimistic kind of guy, i'm a small business person, but i absolutely believe that. in washington, d.c. tonight we vote in the house to go to conference to iron out the differences between the senate and house bill. stuart: that's right. the house is in session a day early, so you leave this studio in new york, you fly down to washington -- >> drive down. i'm a conservative republican. [laughter] >> on a john deere tractor? stuart: yeah. john deere tractors are made in

this gentleman's -- >> i do have a john deere tractor, but i'm not driving that back. [laughter] stuart: congressman, it's a pleasure having you in new york. good luck on the drive. >> thank you. stuart: big guest coming up later on the program this morning, kellyanne conway, counselor to the president. what does she think about her boss being targeted by abc news? we'll ask her directlyç around 11:30 this morning. our military holds drills in south korea showing off more than 200 of our biggest, baddest military planes including two dozen stealth fighter jets. big show of force against north korea, and the north koreans call that a prelude to nuclear war. listen to this, politico making the case for chelsea clinton to run for senator in her former home state of arkansas. mike huckabee, former arkansas governor, he will respond, and we'll be back. his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits.

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stuart:

broadcom is a chipmaker, it's ts first step today towardsç a hostile bid to take over its rival, qualcomm. both stocks up. now this: politico floating the idea that chelsea clinton should run for senate in arkansas if senator tom cotton is, in fact, heading for the cia. mike huckabee's with us, former republican governor of arkansas. what do you make of this, governor? >> well, first of all, tom cotton's still in the senate, hasn't taken another job are, so that's the first impediment to her becoming senator from arkansas. the second one is that chelsea hasn't lived in arkansas since she was 11 years old. she's been gone for almost 25 years, has never voted in arkansas, has never owned a home or even rented an apartment or had a driver's license in arkansas. but i guess if hillary can move to new york and three months later become the senator from there by changing her zip code, look, she could become a candidate. could she be elected?

there's as great a likelihood that chelsea handler would get elected in arkansas right now as would any other democrat. [laughter] stuart: okay. i think we can dismiss that. i think the clinton clan is pretty much out of the political business, but that's just my point of view. a more serious question, governor. theç mueller aide fired for anti-trump texts now facing review for his role in the clinton e-mail probe. his name is peter strock. i'm not sure how to pronounce it. i think this is a politicized mueller investigation and, therefore, bogus. what say you? >> stuart, i'm just, i'm toned and i'm disappointed -- stunned and disappointed that you would think that someone who has been so openly anti-trump working for the fbi, that that would somehow influence his, his whole approach to the investigation. stuart, you're going to have to get out more and not be so

cynical. [laughter] no one else in america would see that connection. no one. and believe that it smells as bad as you think it smells. except for every other american whose nose works, for gosh sake. of course that's ridiculous. [laughter] and it's absurd that that -- stuart: but it's not going to stop it, is it? look, it's not going to stop it, governor. i'm sorry to interrupt you, but look, i am -- i'm not being cynical can, i'm being realistic, i think. i do think it's bow bus at this point -- bogus at this point, but i don't think it's going toç stop. >> i don't either. and the tragedy is that if you look at all of the people that mueller eventually or ultimately hired, many of them were donors to hillary's campaign. i find that incredibly troubling because if you have people who have already determined with their own dollars, their own checks, their own money that they took a side in the election in a very controversial, divided election, then i don't see how in the world you could ever say

that they are totally objective and detached from the political maneuvers that this investigation could lead to. i think it's tainted. look, i've said it very clearly, we need to investigate the investigation. and if congress doesn't have the doesn'ts and if the doj under jeff sessions doesn't have the guts, then as a country the justice for all of us is essentially over. stuart: all right, governor. important stuff here. governor huckabee, thank you very much for joining us this morning. hope you're an investor, because we're all looking pretty good right now. thanks, governor. we'll see you again soon. >> you bet. stuart: sports fans, the supreme court hears arguments on a case that could lead to legalized sports gambling all across the country. they'll hear those arguments today. andç again, gotta look at those futures. we are going to be up and then some this morning. the dow will add, what, 200-odd points right at the opening bell. you want to put a smile on your face? check your 401(k). more "varney" after this. ♪

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stuart: today the supreme court hears a case that could, could legalize sports gambling all across the country. not just nevada. what's going on? >> yeah. 25-year-old federal law prohibits sports betting to nevada and three other states. i didn't know this.

oregon, montana and delaware. but new jersey is challenging it saying this is an unfair intrusion of states' rights by the feds. so they're going to go to court and say you need to open this up to the rest of the country. who's the main opposition in this? all the main sports franchises, the nba, hockey, football, ncaa. they say that this leads to, well, corruption and scandals and, therefore, they say it shouldn't be allowed. supreme court will rule on this by june of next year, but it could generate a massive amount of money for states. stuart: all right. seven minutes from now the market opens, ands going to opeç sharply higher. here's what we call the futures, that's a way of looking towards the opening bell and seeing how we're going to open, ask we're going to open up all across the board. e. mac, i'm going to repeat that, we've got records here six and a half minutes from now all across the board. >> yeah, all across the board. the dow could see its 80th record close today since the election. this is the first synchronized

global recovery we have seen in eight years. we could see four straight quarters of 3% growth. certainly, the markets are cheering the business-friendly tax overhaul. and you can see how hard wired the market is to president trump when the false abc report came in and we closed marginally, fractionally to the downside. we did retrace. but we could pop today, bigtime. stuart: by the looks of it. i want to tell everybody that last week, it was on wednesday that we first time crossed the 24,000 -- sorry, the -- yeah, the 24,000 mark. and i said to ash, when are we going to hit ash, and you said? >> next tuesday. stuart: that's right. and we all laughed. >> and we're pretty darn close if we go up big today. >> we're not laughing now. stuart: see howç close we get o 25,000 when the opening bell ringings. we'll take you -- rings. we'll take you there moments from now.

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hour down the road or two hours down the road. we're looking at a 200-point gain for the dow jones industrial average. this really is -- there you go, 236. actually, futures are going up. it's going to be an even bigger gain than we thought just a few minutes ago as we approach the opening bell. the futures go up and hook at that, 237 points, up at the opening bell today. this is really all about the tax deal. it was signed -- the tax deal went through the senate very, very early on saturday morning. the house of representatives has been called back into session today so that they can deal with this as it goesç through a house-senate conference committee. they will have a vote tonight in the house. it then goes immediately to the senate. the pace of this thing is really picking up. odds are it will be signed, sealed, delivered by the president, and we are told on christmas eve. that is a very rapid progress towards actual tax cuts, a big

trump win. ten seconds to go. you'll be watching right there as this thing happens right as the market, i think i'm pretty sure, goes up. [laughter] i'm not wrong. here we go, it's 9:30 on a classic monday morning, and i see a ton of green. 205, up 28, up 227, 226. all-time high, obviously. 24,466. 235 points. 240 points. >> wow. stuart: i'm doing this for the benefit of our radio listeners. 242, 244. buy something. there's only four stocks, including microsoft -- oy -- that have gone down. >> only a couple of cents, stuart. stuart: just a couple of cents, all right. [laughter] the dow is up about 1%. show me the s&pç 500, have we t a 1% gain there? let me see, please. we have a -- >> almost. stuart: -- two-thirds of 1%.

that's an all-time high. how about the nasdaq? what have we got there? we've got a gain of .7%. so the gain on the dow is better than the gain on the nasdaq or the s&p. cvs agrees to buy aetna. it's a $69 billion deal. cvs is down a couple of bucks, that's 2%. aetna is up $3 at 184. a lot more on that. that, basically, is the amazon effect. we'll have more on that in a second. who's joining us on this historic day? ashley webster, liz macdonald, d.r. barton and scott martin. more green arrows, you can see them all over the place. all right, obvious question, 25,000 when, d.r.? >> well, i believe, stuart, you know i'm a numbers guy, and i believe we can get there by the end of the year. we've got almost 3% to make up. december overall times for the last 88 years has gone up 1.54% on average. so it's the biggest up month, and this would be about double

that amount. but this ain't our pa and grandma -- grandpa andç grandms markets. i think we can get there because of tax reform, because of global strength and because of the expanding u.s. economy. stuart: okay. earlier today scott martin said we'll get there either by christmas eve or by new year's eve, one of the two. [laughter] a lot of people are onboard with 25k very, very soon. now, throughout the program, throughout the next two and a half hours, you're going to be seeing on your screen lots of stocks that are moving. this is a sharp upside move. we know you want to check in on the stocks you follow, which you may own. if you're on the radio, here they are: jpmorgan is up 3%, 108. home depot, up 2%, 184. goldman sachs up 1.7%, 253. boeing is at 277, up another 2%. and caterpillar, up 2% at 144. winners across the board.

let me quickly address the market swoon on friday after that incorrect abc report. scott martin, should investors sue abc news? >> oh, gosh, stuart, that probably is going to be a fool's errand. as you talked about with the judge, i don't know if we could cadl abc malicious in this error. certainly dumb is a word that comes to mind, but here's what it goes to show you though. whether you're investing for the short, medium or longer term, you've got to pack your patience. you're going to have rumors that come across the tape that if you're looking to accrue stock over time, these are actually buying opportunityings. i know it's really hard to go to the window and hit the buy button when you have a mini crash, let's say, like we did on friday, but those are buying up opportunities. those are bargainings. stuart: on your screen right now, l brands, united -- we just changed the screen. we're trying to give you as many winners as we can, l brands, united airlines, gap, j.b. hunt

transportation and kroger, all of them up 3%. that's a significant gain. show me the nasdaq winners again. this is for the benefit of radio listeners. nasdaq winners are -- okay, we'll get there, i'm sure. [laughter] there you go. bed bath and beyond, express scripts, comcast, endo international, two, three, four, five, six percent higher. they're all winning. i've got to talk about cvs. they've agreed to buy aetna, $69 billion deal. is this aç game-changer, liz? >> it is. and scott made a good point about amazon, but it's also what the american people want, and that's fast food health care. you walk in, you get a prescription, an x-ray, and you're in and out. pop-up clinics are very success. cvs has 10,000 locations, it could easily turn into walk-in, pop-up medical clinics. stuart: so over and above the amazon effect, you're saying -- >> fast food health care. fast food health care. stuart: very good line.

d.r., quick. >> yes, cvs is going to be able to tap into 23 million aetna subscribers including myself and be able to offer them special deals to get aetna's insurance costs down. there's going to be a build-on effect if you can get them to do your son's or daughter's high school physical to play sports instead of going to the doctor, go to the cvs, they can save money for aetna, for the clients. it's a win/win. stuart: now, there's also been speculation about a tie-in between a health care company and a major retailer, if i can put it like that. look at humana. it's speculation, but there's talk of humana with walmart or -- >> walgreens. stuart: scott, you pointed this outç earlier. look what you did. humana is up $1.88, not a huge gain, but any more on this, please? >> yeah. and i didn't want get the buying order -- i didn't get the buying order in time either. think about a name you just mentioned, stuart, krogers,

target, those are other areas where you have these walk-in clinics. you have folks who are already doing shopping here, so why not take care of your health care? i love it, because these stores are starting to benefit from walk-in clinics. look at target and krogers maybe trying to get in the job as well. stuart: fast food clinics -- >> fast food health care. stuart: thank you, liz. it was your rhine line, and i'm not going to steal it. we're up 212 points, 24,438. the chipmaker, broadcom, it's going to take its first formal step today towards a hostile takeover bid for qualcomm. qualcomm down, broadcom down, okay. disney has reengaged in discussions with 21st century fox to purchase some of the assets. the talk centered on 20th century's movie and studio assets but not fox news or the fox+oadcast network or fox business. paypal holdings said friday

personal information for 1.6 million users has potentially been compromised at a company it acquired earlier this year. paypal down half percent. look at facebook, it's got a new app, messenger kids. it's for 6-12 year olds. no ads on it, parents control it from their own facebook page. facebook is at 175. look at the big tech names as of right now, i believe the only to loser is -- microsoft's down and google is down. the others are going up again. d.r., which of these, if any, would you buy right now? >> i still love facebook, stuart. facebook and google are the due won hi that are going to control -- duopoly that are going to control online advertising for a long time. facebook already has one out of four man, woman and child on the globe on facebook, and now they're giving parents a reason to put their kids on to grow that number even further. they are a juggernaut, i like

them out of everyone on that list. stuart: then we have chipotle fiddling with their unpopular queso recipe. [laughter] all right, lizzie, give us the% story. >> so what happened was they came out with a case sew recipe -- queso recipe, and then the jokes started pouring in, it's a crime against cheese, it's a bizarre cheese. nothing can ruin a party faster than bad queso cheese dip. so they really thought the road to recovery from the food-borne illness scandal was queso. it didn't work. now they're rolling out an all-natural version of the cheese dip, and they're trying to see if this'll work with wall street. they got target price cuts on this. they went into another kind of a slump because of bad queso. >> cheese abuse. >> i'll tell you, there's 23 ingredients, i don't want to try to pronounce them, i'd murder the spanish language trying to pronounce -- [laughter] stuart: i want to move on, because i'm going to talk about p.t. barnum.

elon musk reportedly plans to launch his red tesla roadster to mars in january. i don't get it, ash. >> well, they've got the falcon heavy launch which is the biggest rocket yet that this company's going to put into space. it can take five of these things. now, this all started somewhat tongue in cheek over the weekend. is he serious? a red car for theç red planet, that's the thing here. send it to mars, there's going to be some alien that's going to say, can you believe this? i love it. it's free. >> where's the charging station on mars? [laughter] >> sensational proof of payload capability. >> that's what he's doing the, it's just to show off. stuart: i'll buy it. >> at least it's a good car. stuart: macy's planning to hire an extra 7,000 seasonal workers. is that a good sign for holiday shopping thus far? >> i believe it's a very good sign. i thought macy's might have trouble. they already said they were going to hire 80,000 seasonal

workers, this is 7,000 on top of that. it's not the 120,000 that amazon's hiring, but bed bath and beyond is exploding today, it was a strong black friday weekend, i think this is going to be a very good retail season. usually 25-30%, i think this year 30-35% of annual retail sales are going to come this christmas season. stuart: scout martin, which stock are you planning to buy when you're finished with us in 30 seconds? >> well, it probably looks like humana based on our comments a few minutes ago. [laughter] i likeç d.r.'s comment, i'll tl you something interesting, we're starting to get to the bottom at retail. look at jcp, sears, some of these names are starting to pop because they're starting to bottom out. this holiday shopping season is going to be incredible. if you're looking to pick up some bargains, i'd look at the retail space. stuart: thank you very much, indeed, gentlemen, on this historic day. all good stuff. now look at the market,

please, i believe this is the high of the -- no, not quite. we're up 222 points at 24,454. question for you, have you ever wanted a bowl of soup so badly that you didn't want to get off the couch to make it or drive to the store to get it -- >> yes. stuart: yes. [laughter] campbell's is now getting into the online soup delivery service. next. ♪ ♪ i mean wish i had time to take care of my portfolio, but.. well, what are you doing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do?

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stuart: well, i do believe this is the h of the day so far, we're up 248, 247 now. 24,480 as we speak. by the way, campbell, they're testing online soup delivery. nicole, don't spend long on this, just tell me what's going on, please. >> reporter: listen, baby,

it's cold outside. they're doing something. they've got to bring the soups to your door. they're trying to figure out -- they have not had quarterly sales growth since 2014, they're going to have specialtyç soups bringing them to your door in an effort to battle the lack of growth that the company is seeing. this is their new, big por ray into bringing -- foray into bringing special premium soup. stuart: the stock is up, so what? got it. back to the sausage making on tax reform. our next guest is upset with the tax bill, and he regrets donating money to the campaigns of jeff flake and bob corker, senators both. he's an economist and former senior staffer on capitol hill. you did give money to jeff flake and bob corker, and now you regret it. why? >> well, i give money to all republicans. i don't buy the steve bannon line that it doesn't make a difference whether it's mitch mcconnell or the democrats controlling the senate, i want the republicans to control the senate. but i was shocked that they were

talking about a trigger for the tax bill. and thankfully, it was killed. but a trigger? the last president to propose raising taxes with a declining, rapidly declining economy was herbert hoover, and that would have been a disaster for the republicans. stuart: david, answer me this question, jeff flake voted for it, but bob corker did not. was bob corker'sç opposition basically personal because the president had been nasty to him? >> i think you have to let that speak. i had a conversation with one of those individuals, or a discourse with one of those individuals the morning before the vote and made the case -- this is austerity economics. i mean, this is what the imf proposed for greece and look how that ended up. i said you don't want to go there. i said, but i think that -- i don't understand what the personal motives there and all the rest, but i do know this, that it's worked out, and i think it's time the move on for

those guys. stuart: we've got a house-senate conference committee, and they're going to work out what the final deal will be. i take it that they're only going to tweak this thing as opposed to major rewrites. is that correct? >> actually, i think there's a little more going on there. you know, the president had said all along a corporate rate of 20%, nothing higher. and i noticed that senator rubio, right in the middle of the negotiation, was trying to bump it up. no. now 22, the president says 22 is acceptable. i think the big surprise right now, the thing thatç is -- that for the house, the house is now open to a drop in the individual rate. stuart: okay. hold on a decked sec, david. -- hold on a second, david. >> blake burman says this, he says if you look at the process and policy, he says both chambers are well alined, and they fully expect this will be resolved before christmas and the president will sign this tax

legislation into law in 2017. so very optimistic, positive outlook. the two chambers are well aligned. stuart: okay. you're in line with that, david? i mean, they're in line. nothing's going to stop this thing. >> they're in line. nothing's going to stop it, they're in line, but it could be -- i think there is a realization now that, particularly in the house, that they came out with, to keep the top rate at 39.6. and i think there is a realization now that that, you know, that was what the president at the time was saying they had to have. but i think that's going to come down. the senate's already brought it down to 38, and i think it's going to come down. because, basically, the definition of tax reform in the view of the congress, republicans in congress, is not to raise taxes at the top, it's to make the system more efficient byç lowering rates bt then taking away things like the deduction for state and local income, taking away all the loopholes, keep the rate the same.

essentially, tax the estate the same, but it's a much more efficient system, and i think that's going to be the surprise. i really do. i think that's the surprise. stuart: okay. i think our audience will approve. david, thanks for joining us. as always, good stuff. excellent comments on the sausage making, appreciate that. american airlines resolves a problem that could have canceled thousands of flights during the holiday season. >> all of the flights will have piloting and crews. remember last week the pilot union sent panic across the land. 15,000 holiday flights will have no crews and pilots, now they've resolved it. unclear whether the pilots are getting time and a half, but they've kissed and made up. no flights have been canceled, so if you're flying american airlines over the holidays, your flight is probably okay. stuart: well, that's very good news for an awful lot of people, i do believe. check that market scan, a look at all 30 of the dow stocks, 25, 24 of them are up, 6 of them are down, and the dow is up 235 points.

a favorite segment on "varney & company," rare diamonds going up forç auction. more than $7 million worth of them. they are here on this set within touchable distance of my right hand. >> uh-oh. stuart: watch out. we'll be back. zar: one of our investors was in his late 50s

right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. 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: before we get to the diamonds, we have to check the markets on a day like this. you have to check the markets. look at this, we're up 233 points on the dow, 19 points on the s&p, 37 on the nasdaq. licenser this is the trump -- ladies and gentlemen, this is the trump rally writ large. now let's get to christie's, raul is with us, and he's brought all kinds of goodies which we will now show our audience. welcome to the show. >> thank you. always happy to be with you. stuart: is business good? >> business is good. stuart: we're going to make it even better. >> thank you. stuart: earrings, they look huge. >> they are big. they are quite sculptural. we have a large sapphire and a garnet. stuart: get close in there. the sapphire -- >> a blue sapphire there and a green garnet. unusual gemstone. set in a pair of ear clips, quite large, by a jeweler who iç quite famous based out of paris.

stuart: you can't see it very well on tv, but they look huge. >> yeah. shall i pick them up? stuart: please. hold it still. >> get an idea of the scale. stuart: gigantic. how much? >> they're made in titanium, is they're not so heavy. stuart: whatever you say, how much? >> a million dollars. stuart: why would you wear blue on one side and green on the other? >> it's art. stuart: oh, okay. [laughter] >> this is art. stuart: a million dollars. i have no taste. i think they're great. >> i think so too. stuart: we're about to show one of our producers who is about to model a remarkable necklace. look at that. >> made in 1961 is by harry winston inspired by the christmas wreath, and that's the harry winstoning wreath necklace. stuart: how many carats? >> 165. stuart: i'm trying to to guess at the price, i have no idea. >> throw it out there.

stuart: 15 million. >> i hope so, but it's only 1.5 million. stuart: you're kidding? >> 165 carats. stuart: chrissy, you might buy it yourself. >> yeah. try and figureç out a way. [laughter] stuart: it's a beauty. it sparkles. >> beautiful. we've sold it twice before at christie's, this is the third time it's come back to us. stuart: is it an investment? the price keeps going up? >> every single time. stuart: show us the ring. casey -- >> right here. stuart: now, that's a ring and a and a half. >> that's as white as can be, the best, almost 40-carat diamond ring, and what's really special about that ring is that the consignor who's owned it for well over 25 years is now selling it, and all the proceeds of that ring are going for charity. stuart: really? >> from the aspca to the nypd and a number of other charities. >> charity, stu. stuart: almost kissed the ring

there. that's remarkable. how many carats? >> 39. almost 40 carats. stuart: now, this is an auction. >> all for sale at christie's at rockefeller mass saw, december 6th, wednesday, starting at 10 a.m. and again at i 2:30. stuart: it's not blipping -- >> understated jewels at christie's. stuart: raul, you're all right. thanks for joining us,0sir, we appreciate it. >> thank you. stuart: president trump scores, i think, major wins on taxes and the economy. have you seen the rally? have you seen what's going on on wall street? the mainstream media has nothing but contempt for our commander in chief. 10:00, couple of minutes away, my take right at the top of it. we'll be back. ♪ ♪ [phone ring] hello. hi, it's anne from edward jones. i'm glad i caught you. well i'm just leaving the office so for once i've got plenty of time. what's going on?

so those financial regulations being talked about? they could affect your accounts, so let's get together and talk, and make sure everything's clear. thanks. yeah. that would be great. we've grown to over $900 billion in assets under care... by being proactive, not reactive. it's how edward jones makes sense of investing.

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stuart: as president trump scores a major win with tax cuts

and economic growth, the media isç blatant contempt for i am s glaringly obvious and costing you money. friday, abc news put out a report, if true, would have opened the door to impeachment. there was immediate stock selloff. the dow dropped 350 points. we watched it fall on this program. but, the report was inaccurate. it wasn't true. the reporter, brian ross, had rushed his fake news on to the air because he wanted to lead the impeachment charge. some investors lost money. the president wants a lawsuit. fast forward to this morning. what do you see, is an all-out attempt to squelch the news of the president's win, just divert attention. cnbc breathlessly report the democrats are building case for obstruction of justice charge because the president fired comey. on abc george stephanopoulos angrily asked senator

mcconnell is the government going to shut down? in "the washington post," headline says, trump lawyer says, flynn gave fbi same account to vice president. what? that is your lead on a monday morning? that one. no mention of the peter strock, the top fbi agent who played a key role in theç russia, russi, investigation and hillary's email investigation. now we find he is a trump hater. the mueller probe is hope lesslessly poe let sized. they're on the same political trump hating side. i've been reporting on news in tv in america over 40 years. i have never seen anything like this. this amounts betrayal of the public trust. the media is anti-trump propaganda machine. it is not working well. we are getting tax cuts. the economy is growing and will grow faster next year. well-paid jobs are coming back. and guess what? the president's approval rating is going up. the good sense of the american

people shines through. the media stews in hate and contempt. the second hour of "varney & company" is about to begin. ♪ stuart: and wouldn't you know it, big win for president trump and we have the high of the day on the market. we have reached 24,500. how about that. is professor krugmanç watching, he who for cast a crash. ashley: he is too embarrassed to watch right now. stuart: you can never embarass that guy. big tech stocks, where are they? i would have thought they gone up. microsoft is down, alphabet is down. how about that. look on the left-hand side the dow is powering towards maybe 300 points gain. looking on right-hand side, that as financials as a group of stock is very big winner from tax cuts and also from

regulatory reform at the financial industry. all the financials significantly higher. chipmaker broadcom will make the first formal step towards a hostile bid to take over qualcomm. both those stocks are down. we have paypal, i'm sorry, personal information for 1.6 million users may been compromised. the stock is down 2 1/2%. keep your eye on the dow, powering toward a 300 point gain, how about that. we're staying on markets. we saw the dow hit 24,000 on wednesday of last week. will it hit 25,000 by christmas? or maybe sooner? i'm not goingç to get into it. jack hough, barron's senior editor. when will the dow hit 25,000. >> soon by christmas. the tax cuts are not fully priced into this market yet. it is a one-time bump you get

from the corporate tax cuts. we'll see in fact whether it creates more growth but that one-time bump is something. i don't see it fully prized in. deutsche bank said made a quarter of it is priced in. could see more upside for shares. stuart: christmass three weeks away. you think we have another 500 points within three weeks? >> i declare it to be so. it will happen. stuart: now only person yet to weigh in on when we hit 25,000, looking right at you, liz. liz: yes, you are. stuart: what do you think we hit 25,000. liz: i think ash is right. we hit it tomorrow. ashley: i shouldn't laugh. >> trying to one-up me. liz: you're fine. 4% bump from 24 to 25. percentagewise easier to hit it. stuart: if you see us all looking off-camara we're looking at big screen in the studio looking at dow industrials. right now we're up 292, 294,ç 295, 296. you know, 297.

we have to hold on to this for a second. >> mesmerizing. stuart: jack, you stay there. you say we're 25-k by christmas. >> i watch the screen. ashley: 299. stuart: sorry, i'm distracted by that screen. now this. ashley: we can do this all day. stuart: keep it on the screen. politicization of the mueller probe, i think it's a politicized probe period. mueller removes an agent after he was found to have sent anti-trump texts. we have florida congressman matt gaetz on the judiciary committee. what do you make of this? i think it is a politicized investigation. what say you? >> you're absolutely right, stuart, and we continue to see more pockets of evidence there is anti-trump bias at the fbi and there is pro-hillary clinton bias. we have got text messages anti-trump resulted in this particular individual's dismissal. we have to wonder why he was on the investigation in the first place.

we also have to wonder why the current deputy director of the fbi sent emails during the clinton investigation saying that hillary clinton was going to be treated special by a small team atç headquarters. that her investigation wouldn't go through the normal investigative procedures. this is very troubling for the fbi. we'll have christopher wray before the judiciary committee this week. we'll have tough questions what we're going to do to clean house at the deep state, have a rule of law that the american people can trust and rely upon. stuart: okay, got it. i want to move on to the tax cut deal. some democrats call it a class, they say it is class warfare. watch this from senator jon tester, roll tape. >> take a look at this, folks this is your government at work. here is the bill as it is were written. here are the modifications written. i can read one word. it is called, add this language. can you tell me what that word is?

stuart: congressman gathers the man has a point. what say you. >> i will not defend handwriting of night senate. some days i'm at a nursing home. we're fighting to cut taxes for all americans. i think we'll see the changes to the tax bill in conference, as you correctly pointed out in the last segment, we haven't realized total economic tax cut until we implement it. we'll see consumer confidence rising, investor confidence rising, more capital in the markets. malt let i delivering on promises we made to improve live for the american people. stuart: going to conference committee to iron out the differences between senate and house versions of tax cuts. could you point to any change, you sir, would like to see? >> i want a bill we can pass. i understand in the house of representatives we're going to have to have some accessible deductions for state and local property taxes. i think that is going to be the

important just for math of getting to 218 votes in the house. that is not as much consideration in the senate because a blue state members of the senate are already voting against the bill. we have number of republicans in blue states that want to vote for the bill, but they don't want any american to say that a republican congress raised their taxes. that will be important. there are a few deductions we have to work on, get appropriate scoring for. ultimately the key will be keeping the low corporate tax rate. that is really what is going to increase job creation and lead to wage growth we never saw in the obama economy. stuart: last one, congressman,ç we hear on this program from many sources that the momentum is unstoppable. this thing is going to happen. you in with that? >> i am and nothing focuses the mind not quite the sound of your own gallows being built. republicans if we know if we don't pass the tax cut we'll be out of the majority and we'll deserve it. we're rowing in the same direction, we're on the same

team. we'll fight to deliver legislative win for our president. stuart: matt gaetz, thank you very much for being here. >> thank you, stuart. stuart: i want to get to, wait for it, bitcoin. it hit a record high, $11,826. that was this morning. the big run-up made its first billionaires. those guys on the left. ashley: the winkelvoss twins, cameron and tyler, who famously sued mark zuckerberg saying he stole our idea of facebook. they got 65 million, billion would be great. they got 65 million. they invested 11 million in bitcoin in 2013. once it went past that $10,000 mark. they have now over one billion dollars worth of bitcoin. they have never spent it. just sitting in their wallet, bitcoin wallet. how about that for?xp' investment. lizzie? liz: since 2013 bitcoin crashed 85% more than five occasions

this is not a hockey stick up. ashley: cash in now, take the money? stuart: let's ask jack hough he makes the living making this analysis. i think this is speculative bubble. what do you say? >> this is instrument of pure speculative frenzy. take investment out there, strip away cash flows and strip away industrial uses, get down to just frenzy what bitcoin is. it is not a currency. you can't have a currency multiply value 10 times in year. that is not keeping. liz: what is it its store of value. >> is it done rising yet? i don't know. i think it can get crazier. stuart: we're about to hit, there we go, 300 points up. 24,533. i'm doing the math. that will be 469 points to go to 25,000. lizzie thinks we'll get there tomorrow. we'll take that. how about this? not everything goes according to

plan. check this out. michigan, supposed to be imploded, knocked down essentially this weekend, except many metal beams supporting upper ring of the dome held firm after the blast. the building could collapse on its own after this point. ashley: don't go near it. stuart: here is one. coming up, america's military showing off its might this weekend. south korea debuting new warplanes. president trump says when it comes to north korea, he will take care of it. we're on it. supreme court taking sports betting, taking it up i should say. fox sports 1 host jason whitlock later this hour. you're watching the second hour of "varney & company." ♪

stuart: we hit plus 300, pulled back a bit. we're up 273. when we, before the trading day started, all of those blocks were in the green, meaning all dow 30 stocks were up. since the opening we had four of them that are down, including microsoft, which i own a small piece of. price of oil, 57 bucks a barrel this morning. the price of gold, where is that today, we're at $1278 per ounce. overseas, north korea, u.s. unveiling new warplanes in south korea. big show of military might. the biggest, baddest planes we got. in response. north korea calls this prelude to nuclear war. here is what national security advisor h.r. mcmaster said about the mortgage cree threat. roll tape. >> president is saying we all need to take care of it, if necessary, the president and united states will have to take care of it, because he said he will notç allow murderous rogue

regime to threaten the united states. stuart: come on in, ralph peters, fox news strategic analyst. >> hey, stuart. stuart: sir, at the end of the day, look down the road, we have to make a decision, are we going to accept a nuclear north korea or are we doing something about it militarily. is that the choice? >> that is the choice. we're running out of hope for alternative, peaceful solutions. all sane people agree a real solution would be preferrable. north korean regime on this relentless path to mating intercontinental ballistic missile technology with nuclear warheads, the danger to american cities, when you look at the explicit, repeated public threats from north korea, stuart, that is a chance we can't take. if it comes down to it, better dead north koreans than dead americans. stuart: how will this take place? we start shooting down any and all of their missiles that are launched? destroying the launchpads?

>> well, no. it would be much more complex with that. and that is really the challenge. this is not a question of a few surgical strikes. if we wanted to destroy, destroy their capability, toç build a fleet of icbms with mated nuclear warheads it would require a intensive campaign, primarily, not exclusively, from the air. that would run a minimum of several weeks, possibly months. you can't predict these things once you start pulling triggers and ultimately the question is, the regime in north korea, should it survive? so it is not just hitting a couple of launchers, knocking down some missiles. you have to go after deep underground bunkers, research facilities. command-and-control, air defense, intelligence, early warning this is real war. if we had to address the north korea problem militarily, it's a war. stuart: what would you do, ralph? >> well, i would give the chinese one last shot. but the chinese keep promising,

then they do enough to placate us for a month or so but the chinese are the only people left who can bring about a peaceful solution. if they really came down hard on north korea, being complicated by russian smuggling into north korea and out, but if the chinese won't help us, they're a bit flummoxed at the moment, they're wary what is going on. they can't control"ë jong-un. if they won't come down hard militarily, stuart, it will end in violence. stuart: would you give a time frame for this? >> tough be wary but, the south korean intelligence services believe the north koreans will be capable of building a missile, prototype that can deliver a nuclear warhead within a year. one missile isn't enough. they need a bunch of missiles, the trigger point when our intelligence community, judges that north korea can build an icbm and successfully mate

nuclear warhead with it, that is the timing. decision as you put it, i will rephrase it a little bit, better to put american cities at risk of nuclear catastrophe or at least nuclear blackmail, or to act while we can? stuart: what a choice. what a choice. >> it is ugly. it is ugly, ugly. stuart: no good solutions out there, ralph. difficult subject. we appreciate you being here. all right. well have more on the amazon effect hitting all corners of the economy, health insurance to home assistance. this is extraordinary story. even though the stock is down, the amazon effect is very powerful. on. back in a second. nah. not gonna happen.

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or visit kohlerwalkinbath.com for more info. 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: we talk a lot about the amazon effect. we assumed. cvs is buying aetna because of the challenge from amazon. they are buying, by the way, to $69 billion. i want to bring in jack hough. it is not just the amazonç efft here. they are carrying health care in a new direction. >> amazon gathered some of these pharmacy licensees, they worry down the road bigger competitor to cvs but cvs has a gem of an asset. it is called minute clinic. it is in 1000 stores or now. it is basically a walk-in clinic, 50 or $100, get basic health care needs. it is underutilized. it is key differentiator between them and other players in this business. down the road you start to see more services added, more people going there. this deal with the gnat, it

unlocks a huge base of aetna members. aetna would love nothing better than see its folks go to minute clinics for basic health care needs, rather than go to pricey hospital or doctor's office. it is really opportunity to cash in there. stuart: lizzie called it fast-food health care. that is not pejorative. liz: no. stuart: that sin know vision. liz: it is. ash and i were joking at the break, pig up gallon jug of mayonnaise and box of wine and check in with the health clinic for an x-ray. why not. >> why not. home devices you speak to them, you get things for you. play the beatles, they play theç beatles. google has got one. they're adding functions to it. amazon has one called the alexa, right. who is the winner here? there is room for two in the marketplace, jack? >> so far amazon has been, this alexa has been a huge hit. now google is adding features that will allow to you get home

professionals. find me a plumber, this and that. they're partnering with a company called home advisor. this home advisor is spin-off from iac/interactive. that is basically an internet roll-up. every once in a while they do ipo. liz: that is barry diller, right? >> barry diller. make full use of home device. iac still own as piece. find a way to make money on this stuff no one is watching. all of sudden, yeah, that is how we get a plumber in the future. liz: i use home advisor. they have five-star housing contractors licensed. stuart: hooked into google. >> rating system. other people review. you're not blindly choosing your electrician or roofer. what other people are saying about this person. get some reviews. ashley: voice activated internet, whether home or now in the work place, giving it into work places. it is cool. stuart: it is fascinating. it isç the thing of future, ist it. ashley: yes. stuart: i must get one. doesn't it record everything you

say? ashley: probably. stuart: not getting one. president trump is now on his way to utah. we will announce he is shrinking the size of some of those national monuments, big parks there. greenies will not like it, but we're all over it. ♪ [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.

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24,523 is where we are. the big tech names, they have led this market for a long time. they're not leading it. facebook, amazon, microsoft, alphabet, apple is managing a very small 70-cent gain. big tech is not making running today. look at comcast, this is cable company. it will add 1.1 million broadband internet subscribers. investors will love that. it is at $40 a share. let's get to the brian ross episode. he is a reporter from abc. they suspended him, incorrect, factually incorrect wrong report that hit the stock market friday. president trump tweeted about it. here is what he wrote. congratulations to abc news for horrendously inaccurate and dishonest report on the russia, russia, witch-hunt.

more networks and papers should do the same with their fake news. "mediabuzz" host, howard kurtz is with us now. your take, please on the brian ross situation. >> stuart, brian ross made a impossible to excuse because the stakes are so high. went on the air after the mike flynn guilty plea and said, well my source says, confidant says the president ordered flynn during the campaign, when it might have kind of a whiff of collusion to contact russia. turns out totally untrue. happened after the election. president -- trump was president elect, normal routine diplomatic thing to do. abc suspended brian ross. they first said clarification. upgraded to correction. then there was apology and suspension. dow jones average, a lot of people lost money, we were on the air, dow fell 350 points.

people lost money t climbed a little bit in the afternoon. it wasn't;hu'til the next day e comes back? >> he had long award winning career at abc he made high-profile mistakes. but i don't think he will lose his job. good luck suing. i don't think the whole 350 point plunge could be laid at his feet. turmoil of flynn guilty plea and aura uncertainty around white house wall street kind of hates. no getting around it, this was bad for abc. this was bad for brian ross. and let trump beat up on abc with his mantra of fake news. stuart: yes he did. mainstream media i think this morning is ignoring what i think is the president's win on taxes and win on growing the economy. i was presented this morning with this "washington post" headline this, is their lead story. i wonder, howard, if you can explain this to me. here it is, "trump lawyer says president new flynn had given the fbi the same account he gave

to vice president." that is the lead story, "washington post." nothing to do with tax reform. the market, the growing economy, no. that inexplicable headline. they're trump haters, around they? >> that is going a little far here on the front page of print @ngton post."a there is big story of tax reform, got overshadowed at 2:00 in the morning when we were all sleeping. on the point about the lawyer, so the president's lawyer now says he wrote the tweet in which the president seemed to say, that he fired mike flynn, some of this gets a little bit in the weed, not just because he lied to vice president mike pence because he lied to the fbi. ah-ha, the president knew flynn lied to the fbi. maybe he was engaged in cover-up. that is not definitive by any measure. i said eight, nine, 10 months, the russian story is often overplayed, in wake of former naps suit advisor pleading guilty, cooperating with mueller, the lawyer spoke yesterday to the "washington post" and others i

think it's a legitimate news story. stuart: so i think that the "washington post" hates the president, i will amend that i will say that its reporters and owner has contempt for him. would you disagree? >> jeff bezos may not like donald trump in business sense but he doesn't dictate to the newsroom. the editorial page and columnists certainly can't stand this president but i don't think it is fair to say the news coverage, sometimes it has been off, motivated by any sort of anti-trump animus. after all, would you say it is not a story when theç presidens lawyer is backpedaling trying to explain what the president may or may not have known in criminal investigation that led to the indictment of the former national security advisor? that is a story. stuart: that is a fair question. it's a story, but it should be a lead on the day the stock market is rallying like crazy, the economy is starting to grow, the trump administration got an enormous win out of tax cuts? no, i think they put it in the wrong context in the wrong place

>> but off lead. you can take that shot. stuart: i will. >> i thought you might. stuart: definitely. thanks, howard. we appreciate you being here. great to see you. now to the kate steinle verdict. let me refresh your memory, the illegal immigrant who did shoot her, the jury said no, wasn't murder, wasn't manslaughter, it was a accident. that jury verdict maybe could help make the case for building a border wall. bringing in congressman iowa congressman steve king who is big on the wall. you're a big proponent of it. can you will tell me if the steinle verdict has led to concrete steps to build that wall? >> well, stuart i think it helped maybe the case. america is appalled at theç juy decision in san francisco, that everybody in america recognizes there is not one dissenter that zarate killed kate steinle. they couldn't find him guilty of first-degree, murder, second-degree murder or pans

slaughter or negligent homicide. they found him only guilty of a gun charge where he said he found a gun in shirt underneath a park bench and picked it up and went off spontaneously. i own a number of guns. i never had one do that. i can't believe this is the case. the jury seems to be anti-gun but pro-illegal aliens. we need a wall but a wall would have helped. it would have at least funneled that traffic, so we had a lot better chance to intercept him coming in. we need more. we need kate steinle's law so he could have been locked up, five, 10, 20 or 25 more years depending on the charges. stuart: is there any definitive move to end this sanctuary city nonsense? i mean san francisco is a sanctuary city. arguably this wouldn't have happened if it had not been a sanctuary city. does the steinle verdict give us concrete steps towards ending sanctuary cities? >> you know, stuart, i wish i could sqyç yes to that, and

creates momentum of this congress, putting together the cr omni must facing us decemberth. i don't see will and leadership in the house and senate to make any definitive move that will lock down enforcement in this country or to build a wall. there seems to be reluctance there throughout the entire leadership team. i don't hear any one of them saying we have to protect the american people. instead they're say we have opportunity to do something about the amnesty with the daca people. i think they have that completely wrong. i think american people are victims of this. ms-13 has been loaded up with hundreds of daca recipients. and, the country has been victim of this. we need to restore rule of law, respect for rule of law. why can't the law itself, the respect for it, be sacrosanct? ronald reagan took the bait in 1986. he recanted. ed meese iii, attorney general, wonderful, stellar man, also gave advice to ronald reagan and they said they learned that they

should not have done that. but today's crop of leadership and members of congress seem not to want to go back to review and learn from the lessons of 1986. i lived them. i kicked a dent in myç filing cabinet that day when i find out reagan signed amnesty act. i knew the rule of law in america was damaged perhaps beyond repair. now it espn traded into the psyche of even the conservatives in this congress. stuart: extraordinary. i like to have been there when you kicked the filing cabinet. >> it was a cheap filing cabinet. i wish i would have saved the door. i would frame it today, taken it to the floor of the house to give a lecture for an hour. stuart: not those days, everyone had video camera to take a picture. steve king, thanks for joining us. much obliged. >> thank you, stuart. stuart: fbi agent's role in the hillary clinton email probe, that role is now being investigated. kind of investigating the investigation. the agent was found to have sent a anti-trump messages, text

messages. fox news contributor and former utah congressman jason chaffetz is with us. i say that the mueller probe is hopelessly politicized. and you say? >> well, as best i can tell there are people in there that have made political donations to the democratic party, and in the case of this particular agent, you have devin nunez, chairman of the house intelligence committee and trey gowdy wanting to interview thisúplrson, wanting to learn more, give documents. they have been given a stiff-arm even though intel committee gave them a subpoena. devin nunez said you have until the end of the week to give us documents or we will hold you in contempt. hopefully that gets their attention. there is reason why the fbi and department of justice is refusing access to this person handing over the documents. stuart: what's that reason? >> well, there is obviously something there because, you know, now you have media reporting that this person was

actually sending texts -- remember he is having an affair with fbi attorney. that is the allegation, at least what i'm reading in the newspaper. then at same time, these are anti-trump texts. they are pro-hillary clinton, supposedly. i haven't read them. that is why the committee wants to look at them. this person is in the heart of the investigation. one of the people that was investigating the hillary clinton email scandal was there when hillary clinton was being interviewed. that all need to be verified and looked at by the intel committee. that is why we do oversight. stuart: just plain stinks, doesn't it? there is something wrong here. there is rotting flesh here that really has to be outed. next one for you, sir, president "bárump is heading to utah. he is on his way there. that is your home state. we understand he is going to shrink or try to shrink some of the national parks around the national monuments. where do you stand on that? >> not the national parks but the national monuments. remember utah is nearly 70%

owned by the staved and federal government. when president obama used stroke of a pen to create a 1.3 million-acre national monument, he transitioned public man to process where you can't have access to cattle land and fisherman and hunting community. concept of multiple use would be phased out over course of time. for the president to take the bold step to reduce that, as well as grand staircase escalante national monument, created by bill clinton, this is a bold step. we appreciate the president doing this when clinton and obama put it in place, there was not one single official in utah that represented the area that supported it. now donald trump is coming in doing the right thing. stuart: not just like you want to drill for oil on the beautiful places we got on the screen. nothing like that. you want to restoreç a local control, a little bit thereof, right? that's it? >> it was controlled bit bureau

land management. it wasn't back to national monument. it will be controlled by bureau of land management. it will still have federal protection. congressman rob bishop will drop two years, one about grand staircase and bears ears. the intention to allow multiple use but this is not some push by the energy community. cattle mane are biggest winners. they have been running cattlemen over this during course of time and they have been kicked off of it. stuart: jason chaffetz. thank you. shortly we have much more what i call the media's contempt for president, ignoring his big win. in our next hour, kellyanne conway will join us. supreme court taking up sports gambling today. could completely change the way we consume sports. maybe. we'll be back.

♪ ashley: turns out the lead fbi investigator of the hillary clinton email scandal is now in trouble for sending out anti-trump texts. former arkansas governor mike huckabee said, that clinton investigation was tainted from the start. roll tape.

>> the tragedy if you look at all the people mueller eventually hired, many of them were donors to hillary's campaign. i find that incredibly troubling because, if you have people who have already determined with their own dollars, their own checks, their own money that they took a side in the election, in a very controversial, divided election, i don't see how in the world you could ever say that they are totally objective and detached from the political manuevers that this investigation could lead to. i think it is tainted. look, i have said it very clearly, we need to investigate theç investigation. copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators, that work together to significantly improve lung function all day and all night.

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stuart: alabama senate candidate roy moore thanking president trump for his support. here is moore's latest tweet. the america first agenda will make america great again. can't wait to help him drain the swamp. in response to a tweet from where the president said we need moore to win in alabama. the supreme court hearing a case that could lead to the legalization of sports gambling in all states, not just nevada. joining us now, jason whitlock, host of speak for yourself on fox sports 1. the criticism is if you have mass gambling on sports across all states, it opens the door to corruption. so are you in favor of allowing legalized gambling, yes or no? >> well, varney, i think we

already have gambling across the country. i don't think this will increase corruption. what i do think it will do, it will allow the governmentç or make it easier for the government to tax revenues on gambling because we have this underground gambling market now where it is hard for the government to monitor and tax that revenue. so, no, i don't think it will increase corruption. i do think it will government corrects from people and gambling earnings. the danger for the sports league, varney, the more you gamble, the more intensely you watch sports. the more intensely you watch sports, the more you start going, hmmm, i wonder about that foul call? i wonder about the whistle down the stretch? i wonder if thatfy is really playing hard? stuart: true. >> you start gambling more you question the integrity of sports. there is i think danger for the sports league. stuart: very good, whitlock.

you call me varney. i call you whitlock. yesterday, sunday, about two dozen players, took the knee during the national anthem this weekend. even though, the nfl has committed i think in the neighborhood of $100 million to causes favored by the athletes. seems like the money didn't work. they took the knee anyway. what do you say? >> they didç take the knee. i do think the nfl managed to get the controversy out of the news cycle so heavy. i think they have done the best they can during the season, in trying to fix this problem. i think, what happens this off-season, whether the nfl adopts some rules where the players are taken off the field for the national anthem, or, whether they do what i think is the right thing, require, put in a rule that they stand for the national anthem. stuart: yes. >> but in terms of managing the situation, and moving the

conversation back to football, i think the nfl has done that i think last night's game with russell wilson and the seattle seahawks was such an amazing game. i think there is more conversation about football than the national anthem controversy. they have managed this situation in the season as best they could. stuart: i would love to ask you about the gronkowski hit. i would love to ask you about tiger making his comeback, you know what, whitlock? we have these hard breaks in television. as you well know i have got to take the hard break. we have got to make some money. jason -- >> tiger wins the masters thisç year, varney. stuart: that is great out. we'll take that jason, thank you very much. when you tax the rich they will leave. now we have proof from one state. the numbers from illinois. coming up next. ♪ is this a phone?

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ashley: now this, what we're talking about, a tax exodus. this time in illinois. they're getting out. jeff flock in chicago with the

details. jeff? reporter: been a trend for quite a while ashley, here in illinois. you tax people too much, they tend to leave the state. the state lost according to analysis by the illinois tax policy federation, 86,000 people last year from 2015 to 2016 i should say. the trend is increasing. take a look at numbers on the trend increasing, fewer people. 73%, the trend increased year-over-year of number of people leaving illinois. 65% is where the trend has gone in terms of fewer people filing tax returns. of course that means lessç mony in the coffers. you know this, is something that democrats have been blamed for, although both parties sort of been responsible for but the republican governor, taking a stand on this but he has not been successful. as a result, bruce rauner, was named by "the national review" in its latest edition as the worst republican governor in the state. not easy being a republican

governor in illinois. he hasn't been tremendously successful holding the line on taxes. i don't know that you can completely blame him for it. that is the way the trend is going. my two daughters, ashley, grew up and moved out of the state too. what can i say. ashley: jeff, quick question for you, we get questions from viewers, if rich people leave, who will come in and buy their home? no one wants to go into that tax situation? >> i own a home in illinois. that is excellent question. ashley: are you selling. reporter: i hope we'll have one we'll have an answer at some point if i retire. ashley: i won't ask you if you're rich. i have a feeling. that is not for airport port somebody married three times? i'm not rich. ashley: leave it at that, jeff flock, thank you very much. quick check of the big board for you. the dow up 235 points.ç or 233. 24,0464. hour three of varney coming right up.

stuart: well, we sure hope you've been following fox business all morning, because we have very good news for you and for your money. in short, it's this: the economy is growing and will grow even faster next year. and stocks continue to show truly enormous gains that will benefit everyone. let's call it what it is, the trump growth agenda and the trump rally. both going strong. now, despite opposition that borders on, frankly, hysteria, this president has cut red tape. that's called regulatoryç refo. he's made america the world's dominant energy producer. that's called common sense. we've got it, it's ours, go get it, please. since the election the economy has started to grow at a much faster rate. that's called prosperity. and now president trump's on the verge of historic tax reform. on the economy this president is winning big. investors, they're winning big too. stocks are up well over $6

trillion in total value since the election. if you watch this program, you've seen your money grow, you've seen the trump rally in realtime. all of this has been greeted with utter contempt by the media and the democrats. you'd think it was the end of the world. in fact, we're entering a world of american prosperity. no wonder the left is upset. the third hour of "varney & company" is about to begin. ♪ ♪ stuart: president trump slamming abc's brian ross for the false report on michael flynn. that report caused the market to plunge friday. well, abc has suspended ross. blakeç burman is live at the white house with more because, blake, the president made another reference to the story, correct? >> reporter: he did. and that plunge was 300 points on the dow in some 30 minutes

because of this redacted story from abc news and brian ross. and the president reacted over the weekend, essential hi saying that stockholders who lost money because of it should seek litigation. quote: people who lost money when the stock market went down 350 points based on the false and dishonest reporting of brian ross of abc news should consider hiring a lawyer and suing abc for the damages this bad reporting has causeed. many millions of dollars, he sends up saying. now, when he left for utah from the white house here just a little while ago this morning, the president once again hailed the stock market and alluded to that ross report. >> based on the vote we had last week, the stock market has been reacting unbelievably well. the only thing that hurts it is the fake news, and there's plenty of that. >> reporter: now, you've seen that market spike directly up because of the prospects of tax reform. stuart, i can tell you over here at the white house they feel

very good about how the house and the senate are expected to come together on this thing. i'm told the singleç biggest issue might be how to treat pass-throughs. stuart: got it. thanks very much, blake. now, check the big board. where are we as of right now, just after 11:00 eastern time? plenty of green amongst the dow 30, 24 of the dow 30 stocks are up, they're in the green, and the dow jones average is up 229 points to be precise at this time. the tax plan moving forward, the market loves it. joining us now is dan schafer. he's the president and ceo of schafer asset management and, dan, you're on the show last week, you were on the show on friday. just as the dow was plummeting -- >> yeah. of. stuart: -- on this fake news. and i asked you specifically, i said, look, what's going on here? you said this is the beginning of the end. you were wrong. >> no. the beginning of the end pattern is taking place now with those kind of movements and the volatility index being positive on friday even though the market was, you know, ca came back the

way it did. i'm very concerned about the structure of the pattern of this market now compared to several times in history when it gets to that euphoric stage. so a topping pattern doesn't stop and spike down overnight. we're getting that pattern of exhaustion. we have very light volume at certain levels. i see theseç interrelationships between currencies, bonds and the market. it doesn't add up, stuart, i'm sorry. stuart: if i had takennen your advice, you were on the phone -- >> i wasn't telling people to sell, i was saying it's the beginning of the end. stuart: if that's not a signal to sell, what is? we've got the market plunging 300 points, you're on the phone saying -- >> i did not say sell. stuart: i know you didn't, but you know what's going on. >> listen, i believe that this market is way over itself. it's just at levels that are unsustainable based on the way these other interrelated markets are trading. stuart: so you still think that this is the beginning of the long, slow slide -- >> i do. and we normally get these kind

of moves at the end of this part of the -- stuart: what are you telling investors to do? surely, you must be telling them to sell. >> well, i'm not telling them to sell, i'm -- stuart: okay. i've got microsoft. are you telling me to sell microsoft? >> at a level you are uncomfortable with, you need an exit strategy. i'm not telling you to sell. you need an exit. now, where am i investing? you asked me that. agriculture is going to become a problem in the next few years. stuart: our viewers do not buy wheat, soybean futures. >> they buy companies involved in those sectors. stuart: and you're buying thoseç companies? >> i'm nibbling at them, i haven't gone fully in. those are the areas i'd be looking for the next cycle. stuart: okay. if friday was not the beginning of the end, do you think we'll hit 25,000? >> we could. we could hit 25,000 -- we could hit 23,000. stuart: i've got a problem with this, dan. i mean, i've been listening to you for a year, and in that year the dow jones average has gone

up 30%. if i listened to you a year ago, i've lost all the gains that i did make. >> i have said you need exit strategies. i do not come on the air and say sell all your stocks. i say have an exit strategy. stuart: okay. so you still think, you still think we're on the cusp of going down bigtime. >> yes. i do believe we're still in that stage of euphoria where it's topping, and we'll eventually start to see the dribble-down effect over the next few years. stuart: all right, dan, thanks for being with us. i'm glad to shout at you in mix. [laughter] >> i appreciate it. stuart: all right. let's get back to tax reform. it move toss the conference committee -- moves to the conference committee, they're trying to merge the bills. joining us now is zane tankel, he runs, i think, 43 applebee's. >> not quite, but that's okay. stuart: you!bun a chain of restaurants. >> we do. stuart: is this bill a real good deal for you in. >> sure it is. it's still in formation,

obviously, stuart. but on the overall, on the macro, anything that gives people more money in their pockets, as i've always said, incoming tide rises all boats. so the fact that -- and, by the way, it's not an accident that chuck schumer, nancy pelosi -- i can't even say her name -- and these folks are saying, oh, it's not good, it's terrible, it's going to pick people's pockets because they've never worked a day in their life. hay don't know what it is. very honestly, they're professional politicians. they get their stipend from the federal government. so the reality is they've never had to make make a payroll, compete in the marketplace, they've never had to worry about tax reform one way or the other because they're in a bubble. we, in the business community, we have to worry about a competitive set. we have to worry about our consumer, contrary to their voter -- there's a difference. they're pandering for a vote, i'm pandering to put more money in their pocket so that they can

spend it in our restaurants. we're the sweet spot, casual dining as an industry, in the food business. the population is in the casual dinintç segment. stuart: yeah. what you desperately need is consumers with more money in their pockets so they might go out once or twice a month, something like that, extra -- >> exactly. stuart: -- to spend in applebee's and other places. >> exactly. if we gave them as small as $60 more, depending on your personal situation, children, income bracket, where you live, etc., etc., etc., and how these folks can say, oh, it's a travesty, it's -- they should be arrested, very honestly, because they're lying. they're out and out lying. none of them have read the tax proposal. in fact, that's their complaint, that they haven't had time to read it. tester stands up and says, can you read this? how can he demonize what he can't read? stuart: you know, you're not normally as fired up about this. >> because i think it's a

travesty to justice. these people are elected to help them, not to band orer to the -- pander to the population. they're elected by the populace. and the reality is, stuart, that capital finds its most, its most fruition, its best return somewhere in the marketplace. and capital will always leave the country,reenter the country if it's incentivized to do that. so being the highest-taxed country in the world incentivizes people to to leave and set up subsidiaries in other countries. stuart: i do have one bone to pick with you, and that is the long island iced tea -- >> sure. do you live in long island? stuart: no, i don't. i have the wrong accent -- [laughter] >> that's why i was thrown out. >> in your restaurants you're selling them for $1. vodka, rum, tequila, triple sec, anybody who drinks one of those

things is inebriated. >> well, not one. but you promised you wouldn't do this to me, and here you are -- stuart: what about liability? >> the liability is on our part to monitor. it's no different than normal circumstances. we train our bartender ors, we call it the green zone, the orange zone, the red zone, to watch and see what their clientele on the other side of the bar are doing. it's real easy to cut them off after one, and it's also real easy the kind of help them along, coffee or what have you. but the reality is the liability hasn't changed. we always haveç it. it always scares the stuffing out of me, very honestly. [laughter] you know what stuffing is -- stuart: i do. >> it's all stuffing. [laughter] it does concern me, i won't lie to you, but it always is a concern just like food-borne illness is always a concern. there are things that we have in our space that do keep me up at

night. stuart: you know, you're animated on these subjects. i think we'll have you on more often. >> you have a tendency to do that to me. [laughter] stuart: zane tankel, all right. thanks for joining me. big guest coming up soon, kellyanne conway, counselor to president trump. what does she think about her boss being targeted, in a way, by abc news? we will ask her. she's on the show at 11:30 this morning. yeah, the markets way up. this is our story. stay right there, there's much more "varney" ahead. dow's up 210. ♪ ♪

stuart: well, the military showing off s new war planes in a drill with south korea. the five days of simulated war drills involve bombers, fighters, thousands of troops.

pyongyang, the capital of north korea, they condemned it. they call it a prelude to nuclear war. this all comes less than a week after the nokos launched their most advanced launch missile to date. john bolton is the former u.s. ambassador to the united nations, and he joins us now. same old question, is it not the case that we have a choice to make? we can accept a nuclear north korea, or we can knock 'em out, and that's the choice. is that it? >> i think that's essentially it. barring some dramatic development from china in the wake of president's recent visit, we haven't seen anything coming from china, we don't know what's going on behind the scenes, but absent dramatic action decide whether we're going to live up to what the president said to his speech in the u.n. in september where he said denuclearization is the only way forward with north korea. they can either do it peacefully, which isn't going to happen, or we can use military force. because the risk to the united states and our friends of a nuclear north korea outweighs the risks of a preemptive

strike. stuart: does it start with us shooting down any and all missiles that they shoot out? >> i think that should go without saying. i think we have to decide, and it may be that we're in the preparatory stages for an attack on their nuclear facilities, their ballistic missile facilities, suppressing their artillery knot of the demilitarized zone to try and prevent retaliation against innocent south koreans in seoul. it's a very complex operation. honestly, we should have done this years ago, but we are where we are. stuart: do you think this country wants appeasement? >> no, i don't think it does. and i think, let's face it, it's not just north korea. north korea will sell their nuclear and ballistic missile technology to anybody with money; iran, terrorist groups, you name it. i don't think living with the threat is acceptable. stuart: okay. we just got word there is no brexit deal yet. theresa may's been leading with the e.u. commissioner, they just more consultation

time. this is running into a brick wall, isn't it, this brexit, getting the brits out of the european union. >> well, i think it requires leadership from theresa may. i think her response is to say, fine, we're prepared to crash out of this with no deal. don't get 40 billion pounds as an exit payment. you're going to get a border on between northern ireland and the republic of ireland and a lot of things you don't want. the only way to get the brussels bureaucrats of the european union to wake up to reality is basically to say i don't care whether you agree or not, we're out of here. stuart: does she have the political strength to say that? >> if she doesn't, i think it's hard to see how she's going to remain prime minister much longer. the brits have voted to leave the european union. they can either do it the right way, or they can screw it up, and they're beginning to run out of time too. stuart: ambassador bolton, thanks for joining us. politico magazine calling on

chelsea clinton to run for the u.s. senate in arkansas. that is if senator tom cotton heads to the cia. politico says chelsea could benefit because she has the clinton name but does not have the baggageç of her parents. chelsea is an arkansas native, but she hasn't lived there since she was 12. she nowlives in manhattan, new york city. ten minutes away, we'll be joined by kellyanne conway. brian ross of abc, she's fired up about that. and on friday right before the markets dropped, i promised to play you the clip of when a congressman handed me an american flag through the television to congratulate me on becoming a citizen two years ago. after after the break, i'm going to keep my promise, and you will see that clip. ♪ ♪ [vo] when it comes to investing,

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stuart: ah, nostalgia. friday i wanted to share a memory with you, didn't get the chance because of breaking news. look, just over two years ago i received a great gift from then-florida congressman david jolly. i had just become an american citizen. look at this. >> stuart, celebrating your

becoming a u.s. citizen is a very special thing. millions of people want to come to the united states, and so through the magic of television, i did have a flag flown over the united states capitol that we would like to present with you in coordination with your producer, so hopefully this reaches you at yourç desk. stuart: yes, and -- look at that, would you look at that? [laughter] >> amazing. [applause] >> that was magic. stuart: pure trickery. it's been a great two years. i feel like an american, and i feel like i've been here forever. i just can't lose the british act seven. sorry about that. [laughter] all right, check this out, the implosion of an old football stadium near detroit didn't go as planned. it happened yesterday. it's the pontiac silverdome, the old home of the detroit lions. the smoke, when it cleared, the stadium had not gone down. demolition officials say the blast did weaken the dome, it could still fall, but it's not clear when it will happen. >> don't go near it. [laughter]

stuart: did you get a look at the super moon last night? it's the only super moon of the year. this one's being called the frost moon because it's the last full moon of the fall season. i looked at it, it was absolutely beautiful. huge. [laughter] >> huge. stuart: huge. look at this. in taiwan the world's longest-lasting rainbow. it appeared friday above taipei, nine hours continuously. the previous record was six hours for a rainbow this inç britain back in 199 4. >> look at that. stuart: emirates airlines taking luxury travel to a whole new level. it's unveiling brand new cabins for the boeing 777 suites. the private suites, pulley enclosed, 40 square feet of personal space, floor to ceiling sliding doors, virtual hd windows, a pullout dining table, a 32-inch h dtv screen with 2500

channels of on-demand entertainment, a full height wardrobe for happening clothes, plush pajamases and -- and our producers is not told me how much. >> that's what i want to know. >> well, they charge rent instead of -- stuart: what is it? depends where you're going. oh, come on, producers. you've got to tell us here. all right. but next up, kellyanne conway. [laughter] counselor to president presidenp joins us from the white house. the markets right now showing a 231-point gape. what a day. we'll -- gain. what a day. we'll be back. ♪ alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics,

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we've got auto insurance, homeowners insurance. had an accident with a vehicle, i actually called usaa before we called the police. usaa was there hands-on very quick very prompt. i feel like we're being handled as people that actually have a genuine need. we're the webber family and we are usaa members for life. usaa, get your insurance quote today. stuart: well, one day two or 300, now we are up to 12. overwhelmingly, it now stocks are up from the come on in, ron carson, leader of the courson group, favorite guest on this program after the recent appearance. i say this rally is all about tax reform, looks like we are definitely going to get it. my question to you is when do we

hit 25,000? >> first of all, it is all about tax reform and irony is that this stimulates is everybody thinks it could bring the fed is even more aggressively in 2018. it could be a slight negative in a short-term, but i think it's good we are getting interest rate to. we have things normalize and whether the market is 25,000 by year-end, it's got pretty good momentum. a good chance that will happen. i just want to warn people we've had 11 months in a row, the s&p has had a game. that is never happened before. of course 12 would mean it's never happened before. i see people just been a little too complacent out here and really not understanding right now there's a lot of great news out there in any bad news will cause volatility. a lot more volatility in 2018. >> last time as i recall you suggested people put it in stop-loss orders. if you've done well on microsoft, it is now at about

$83 a share, as i am some of it, i think i asked you about it. you would put in 78, 79 and if it does come down, you are okay. you still say that or you still likely to see a decline like that? >> i think it always makes sense from especially 30% as i recall it's something in your portfolio, if you are not going to reduce it now, put a stop-loss in or go out, and another way of protecting your downside risk, but it always has made sense to really pay attention to your risk budget because it is consumer behavior that drives results. the market will do whatever it needs to prove a larger number of people wrong. it's not none and 35 years if you look at history, people at the wrong time and just be sure you're comfortable with more volatility because that's in the cards for 2018 and at the

courson group would spend a lot of time talking and thinking about this in managing risk risk is the single most important thing our listeners and viewers can do to protect themselves. stuart: i take it then, you wouldn't touch bitcoin which has hit a new high of 11,500 bucks. you wouldn't touch it with a 10-foot pole, or am i wrong? >> so my son turned me onto bitcoin in the very beginning. my son was an early investor in bitcoin in a sick to his stomach today because he thought that he made his money and that was good. as i gone into trying to understand crypto currency, i was just dumbfounded that anybody could try something like this. how could it possibly work? the more i've gotten into it, the more i realize i don't know if it is bitcoin, lot of different crypto currency, but i think it's the future. not only that, the smart contracts will change the way we do business around the world. stuart: that is a revolution. i wish we had time to discuss it but we don't.

>> maybe next time. stuart: maybe next time could we appreciate you. see you again soon. clearly motivating the rally. now to a conference committee joining us now, kellyanne conway to president trump. kellyanne, in my opinion, this is a huge win for president trump for the democrats and i'll just go through a list here, it is shameful, tearing down our democracy. it is a disgrace -- disgraceful it hurts working families. you want to answer that? >> hardly. you know he did something right. democrats have spent the entire year talking about russia instead about russia instead of american pain stock resistance now. what if they got to show for it? they can go home to their constituents and say that the businesses and corporations in their state are now going to have a 20% corporate tax rate.

we know that was growth that will protect jobs and help give a pay raise to the hard-working men and women in a statement thank god for their constituents president trump and republican senate tax package, tax bills is going to benefit everyone and not just the people represented by folks who supported it. he no shameful and disgraceful use their words? do not be bipartisan. why couldn't make it democrats to say it is high time the middle-class in this country got a tax break. why couldn't i say we need to repay churchillian for dollars? why couldn't i agree the tax code is too complex in its current form over 7000 words or 7000 pages in its current form it benefits the wealthy and good. the question for them is why did she stand in the way of tax relief of hard-working american who lives in your state because of petty partisan, but the

market disagrees with them. everything disagrees with democrats on this one. market disagrees, record highs today. the new normal under donald trump as president. another day, another stock market high. we are not yet tired of winning, everyone. democratic senators and their ridiculous language about the tax bill that is help people in their state, consumer confidence numbers disagree. many in congress at 90% now. all the economic indicators show that the tax cuts that just passed in the house come in the senate and the president will sign the final bill this year, stuart. although leading indicators agree it's a great deal. stuart: here is something that really upset us on this program because it happened during our show on friday. there was a fake report from brian ross at abc news, a fake report about michael flynn. the dow dropped 350 points.

now i know that president trump has been tweeting about this. get out there and sue abc because people lost money. would you give us your take on abc and brian ross? >> brian ross worked for me as a private employee for many years it would not be four weeks of unpaid suspension for it by making seven figures to lie on the air. it would be complete termination because hypothetically speaking what you said as he did in the markets and not because he's brian rossi talked about president trump as the market mover here. the other thing it really shows the presumptive negativity and the hunger to get rid of the private of the president talk about russia coalition, russia russia appeared for the entire calendar year, by the mainstream media nonstop, and makes them jump to judgment. the question is tobacco to abc's legal team through their standards team. the major network and i'm sure they're not feeling so great today. a lot of people in the mainstream media are upset with them for not pushing back and

not double verifying that and the other reason is the media distrust the media now. they don't independently sourced things. they hear a report in its negative about the president, they go right for you. they like it, re-tweet, resale. that report when you were online here, that lived without clarification and retraction and suspension. live for hours and hours. before they get any action on it. people are losing their jobs like that these days for lots of reasons and the idea that this so far, hopefully there is an investigation. it wasn't just michael flynn. just saying there is collusion as recently as saturday in over the weekend. stuart: kellyanne conway, thank you as always. take care. stuart: judge andrew napolitano

on the brian ross case. i know you've covered this two hours ago. president trump wants investors who were hurt, legal expression one thing to sue abc. can they? yes, they can, but i don't think the lawsuit would be successful. i think would be frivolous. there are many forces that cause the market to go up or down. it would be difficult to point to one up them. brian ross under the law but does not have them prove whether it's accurate incapability. he only has to prove that he did not knowingly utter a falsehood or that he was not reckless in his concern for truth or falsehood. we don't know what he did. we don't know where he got it from the day she met the standards coming is protected in abc is protected.

stuart: surely come at abc this to happen. checks and balances were not sufficient to prevent a story getting on-air and losing investors, a great deal of money. abc is therefore culpable. they did not take the steps required. >> basically saying that the buyer beware. you are going to realize on a newscast for your investment decisions from a nonfinancial person. stuart: it did have that effect. a false report did have the effect of people losing money. there's got to be culpability somewhere. >> when they were american, congratulations. i'm still bitter i didn't get to administer the oath to you. look, here's another practical reason why the court did not accept a case like this. they do not want to open up the floodgates. that's why lost money.

you told me this. he told me that. stuart: we are out of time at the floodgates are already open. your receipt to see him make a statement and the stock goes down? they will sue him. >> this ceo is different. stuart: how interesting. i checked chipotle. they are changing their unpopular case of recipe after a lot of complaints. twenty-four dollars. >> they are introducing matches. there you have it. cbs agreed to bite him and $69 billion. could be a game changer. we had toxic alumnus who is going to break it down in a moment. but because of bassett health care. that's a pejorative. we will be back. ♪ i like the way you move the ♪ i like the way you move

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drain to breaking news at the speed that the new york giants have fired their head coach, the imac to do. this decision to bench a light manning was widely criticized in the giants are a giants are a mere two and 10 this year. and now this. as you know, cbs -- cbs will buy the health insurer aetna with $69 million. has the potential to reshape the health care industry. dr. mark sigler is with us, fox news correspondent. forget that for a second. this is a good deal for consumers who need health care easily. correct. >> no question about it. cbs has $10,000 or they're already doing urgent care. i call this the gap. you are waiting for your doctor.

you need a strep throat check for an antibiotic filled. cbs already has the insurance companies negotiating as e-mail. for lower prices with this kind of a deal will lead to lower prices and decrease health care costs and will give better access to my patients were urging care. >> abatement could assume i can walk into the urgent care clinic in these places at cvs. i walk in, get fairly low-cost treatment. and it is covered if i buy aetna insurance. so it is a one-stop fast food type delivery system, right? >> i absolutely love it. one word of caution and does not take the place of your primary care doctor. get a sugar check for diabetes but i don't want diabetes manage there appear to want the urgent care part done but i don't want cut out entirely. trade your doctors overwhelmed because of the medical insurance system we've got now?

>> huge problem. high deductibles, high premium. busy documenting all day long. this will allow the gap to be filled. by the way, you know how many times some insurance doesn't cover a vaccine with medicare covering vaccine. already going to pharmacies to get these vaccines. this will bring down the cost. this will decrease the overall cost of health care. other companies come in and do this. you already have some examples of that. united health care, cleveland clinic together with oscar help from your favorite amazon is coming in the back door. this is happening because they plan to take over pharmacies. this will compete with amazon your favorite company. stuart: you like it. >> i'm impressed with how well it does. i'm extremely happy with this idea. this will fight obama turned away because obamacare has decrease quality of care. this will fill the gap.

stuart: let's not tried on the primary care physicians does. >> be careful but so far i'm in favor. stuart: chipmaker brought calm will take over rival qualcomm down at this point. disney once again in talks with 21st century fox to purchase some 21st century of fox's assets. disney is interesting most of most of the film and tv assets, but it doesn't includes fox news, fox broadcast network or fox sports. paypal says information on 126 million users may have been stolen in a breach of one of its companies down nearly 5.5%. xls, and the financial -- a basket of financial stocks allender etf rubric hitting a 10 year high on optimism about tax reform right now at nearly 2%. up next, a quick break from

politics. we've got ric flair sequin robe, a photo signed by abraham lincoln. tupac shakoor's death certificate from the state of nevada. it is all in the senate. the big question there's an option coming. how much will they scratch? will they be back? ♪ ♪

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stuart: one of the great things about this job to see, touch and feel the items of sports memorabilia and historical memorabilia. a lot for you today, things that will go up for auction here in new york. ken golden is back with us. he's with golden options and boy does he have some stuff for us. let's get through this. first of all, we've got ric flair scarlett road. how much? >> actually weighs about 15 pounds. we expect that on many magazines to go about 40 to $50,000. trade to ever take that in a hard read. here's something interesting. 1950 ted back came signed and everything else. >> he signed his back, my personal favorite, meaning his personal best we also expect to go in that range.

unbelievable hitter. stuart: in my opinion it's good for the price. 1999. world series ring. >> assisted williams, hall of famer and he was a member of the yankees management staff in coaching staff. we expect this to go in the 30,000 to $40,000 range. stuart: really? dozens produced every year. >> to make one per player and one for coach and manager. stuart: next is shaquille o'neal used signed photo, lakers jersey firm shaq used in 1998. >> thousand nba championship your jersey and not we expect to go in the range of 15,000 to 20,000. tranter's gigantic >> he was seven for one, 375 pounds. he's probably 3-d five now. sorry, shot.

>> that's got to be a homeland jersey. the mac that is the largest jersey ever made baseball history. rookie of the year he hit a homerun during his record-breaking season. we expect that to approach $20,000. trade to $20,000? he's a rookie. >> people say he's the next great name for the yankees. >> i've got this one in my hands here. state of nevada for the death certificate to shakoor. >> it has all of this information, social security number on their period cause of death, multiple gunshot wounds. stuart: how much? >> to me tremendous go crazy. we sold for 176,000. this could go 50,000 plus. people are crazy. stuart: after 170 grand. stuart: next one. tom cruise for the movie top

gun. >> is iconic movie that made him a major movie star. he only got paid a million dollars, so you know this we expect anywhere from 20,000 to $30,000. stuart: next case. this, a signed photograph from president lincoln. >> and this is great on a scale of one to 10. very few of these in none of them in better condition. this we expect to approach $100,000 to all available for bidding at golden options.com and the auction concludes on saturday, december 9th. >> golden options.com. you know i love you, stuart. >> thank you very much for bringing interesting items. we appreciate it. >> 11 appearances. thank you for having me. stuart: alright, everyone. i guarantee you, we are back in a moment.

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stuart: story of the day. whatting great rally on wall street. up 224 points as we speak. second story of the day which i find completely inexplicable is chipotle. we are told that they are rearranging the menu for that stock there, the queso stuff. that not be a reasonç why chipotle is up 7%, $22. higher. give me the real reason. liz: credit suisse came out with a report they would benefit mightily from the lower corporate tax rates because they pay very high effective tax rate. that is partially -- ashley: that means anytime you mess with cheese and get it wrong you are in trouble. stuart: i'm you're a fan of month at this python. looked at cheese shop. ashley: classic.

liz: blessed are the cheese makers. ashley: life of brian. stuart: i'm tap dancing to work up to neil who will say what the heck are they talking about. seven seconds. what will you say on cheese? neil: nothing on cheese, but i was fascinated by the auction segment and the lincoln letter could go for as little as 100 grand. i would thought it would go a lot more. stuart: that is classic there. is hardly in that condition. only one hundred thousand dollars. neil: are you bidding? stuart: left it up to you. neil: talk to gaspo, he will hunt it down. thank you very much, my friend. we have everyone on dow, i know what you'reç saying, 25,000 watch. forget by christmas. at rate we're going we could do that next couple days. a lot has to do with getting tax cuts through in the senate. two sides ironing out differences. there are not dramatically that