tv Varney Company FOX Business January 22, 2018 9:00am-12:00pm EST
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connell: will the government still be shut down? >> i hope not. but i hope conventional wisdom is through. >> we'll watch maria tomorrow morning live from the world economic forum in davos. stuart varney, all yours. stuart: stuart varney, all yours. thank you very much, connell. good stuff. it is the schumer shut down. plain and simple. our government is closed because the left puts illegals ahead of the national interest. who would have thought it would come to this? good monday morning, everyone. senator schumer shut it down. senate democrats insist illegals must stay. there will be another vote at noon today. 60 votes required. that means at least 12 democrats must vote "yes" to get the government open again. so far, no impact on the economy. no impact on the markets that we can tell. now, senator schumer's shut down may be a deliberate distraction. a new poll shows.
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good news for mr. trump. that's his base. and the market just crossed a milestone. stock values have gone up a full $8 trillion since the election. so here we are. government shut down because a major political party supports illegals and not the legal government of the united states. there really ought to be hell to pay. "varney & company" is about to begin. ♪ ♪ . stuart: now, we're going to go down over the opening bell today off about 50 points. i don't think that's a reaction to the three-day old government shut down. i don't think there's been any impact thus far. but we will open ever so slightly lower this monday
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morning. there will be a vote today. it's a vote on keeping -- reopening the government or shutting it down. so what's in this bill today? ashley: all right. in a nutshell, this is what it boils down to is that the proposal would reopen the government until february 8th. in other words, get the light switch back on until february 8th. however, the democrats want mitch mcconnell to commit to the o the senate floor to hold immigration votes on daca before that date. now, the theory, of course, is that republicans worry they won't be able to complete that immigration debate before the next deadline on the government funding comes up on february the 8th. and that is where we stand. and, of course, does the house take it up? maybe. maybe not. stuart: democrats want a vote on daca before. ashley: the end of the next deadline. before they say okay. we'll reopen until february 8th, but you have to get this immigration thing done before that date. stuart: and the republicans worried that if you say "yes" on daca, they'll then go
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forward and say "no" on the wall. no on chain migration, all of the above. ashley: there you are. stuart: happened before. ashley: yes. stuart: i want to bring in white house affairs director mark. he is the white house's point person on this shut down. mark, you need 60 votes for today's bill to pass. you don't expect to get them, do you? >> stuart, i think right now, it looks like we're still a few votes short. i think that republicans have continued to unite. there's been a few red state moderate democrats who have flipped over and recognized the absurdity of the democrat position of holding 320 million tax-paying law-abiding citizens hostage to try to solve a plan for 690,000 illegal immigrants. so i'm not sure we'll get the 60 today. stuart: okay. i was going to press on that a little because i don't think you'll get 60 votes today, and i want to make sure you agree with me. can we leave it at this?
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you don't really expect to get 60s votes today. can you leave it at that mark? >> you can do our whip count any time you want, and it would be helpful to me. stuart: all right. all right. next one, sir. senator lindsey graham, he's criticizing white house senior adviser steven miller, criticizing him by name for contributing to the impasse of immigration. is mr. miller the trump whisperer as he's supposed to be? >> i think the attacks on steven are incredibly inappropriate. steven is a dedicated servant of the american people. he's worked hard in this administration. there's nobody who knows more about this issue than steven miller, so it would be difficult for us to try to sideline steven miller to play indicate lindsey graham. he will continue to play a vital role in our discussions moving forward. stuart: okay. one last one for you. do you think that -- now, the president, he wants to go to davos this week. but my understanding is he won't go if the government is still shut down. is that accurate? >> it's not my decision to
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make. obviously, stuart, but logistically it becomes more and more difficult that the government is shut down. several cabinet members who are intending to be there and as this continues to drag on be find more difficult ways for the president also. stuart: when do we get to 60 votes and how do we get that? because we have to eventually. what's it going to take to get to 60? >> stuart, democrats have put themselves in a box without a way to get out. what they've essentially said is we're going to hold hostage troops who are serving overseas and not pay them. the border patrol agents protecting our border we're not going to pay. health care insurance we're not going to provide in order to solve this issue for 690,000. we are trying to solve that issue too. but it's like chuck schumer said in 2013. he said it's like coming into my house, taking my wife and kids hostage, and then trying to negotiate the price of my house. that's exactly what he's doing enforcing the shutdown. it is entirely manufactured.
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so democrats need to find a way out of the box they've put themself in and our position in the white house is we're happy to negotiate on daca. we're happy to begin the negotiations as soon as you reopen the government. it's that simple. . stuart: it sounds like you're not that upset that the government is shut down. >> no. stuart, i think it's incredibly inconvenient and harmful to our men and women serving overseas. but i think politically, democrats have put themselves in a box, and they need to find a way out for themselves. the reality is there's no reason for us to basically allow them to take 320 million americans hostage and say. okay. we'll give you what you want to solve this problem that's overhear. instead, what we're going to say is we're happy to continue discussions. we feel like we're making progress on the immigration issue. we feel there's been substantial progress, and we will resume that as soon as you reopen the government so that those who are paying our taxes, law-biding americans can continue to receive the service that america provides. stuart: thank you for joining us this morning. i'm sure you'll be joining us again. thank you very much, indeed.
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>> of course, sir,. stuart: let's get to the economy because we have some upbeat numbers, and i think they're getting ignored. start with this one:new wall street journal nbc poll. america's satisfaction with the economy is at a 17-year high. 69% saying we're doing okay. less-educated workers are seeing the biggest weekly pay gains. up 2.3% year over year. that's among workers 25 and older with just a high school diploma. college grads not doing as well. fox news contributor james freeman with the wall street journal editorial kind of guy. and he's with us again. look, i think that senator schumer shut down the government deliberately and to distract attention from what we just said is i think pretty good economic news. >> it's a lot of good economic news. and you mention that poll still a low overall approval rating for donald trump. but americans more optimistic about the economy. and i think what's interesting in that poll, you see it
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across all the polls. most -- more people in that poll thought their taxes were going up than thought they're going down. so what this is a huge upside for republicans to go to the voters next fall because over the next several months starting next month, people are going to see they're getting a tax cut. 90% or more of americans are getting a tax cut. more people think they're getting a tax increase than are getting a tax cut. as they see the reality, this is a huge win that republican backs. stuart: so back to my original question. do you think it was a deliberate shut down of the government by senator schumer to distract from a good economy. >> well, it's hard to think it's not a political game here because i'm someone to be honest, i'm all for letting law-abiding people stay here if they've been here for years in the country. but what this has to do with shutting down the government, it's a program that doesn't expire until march. here we are in january with democrats saying the government must be shut down.
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i don't think if you're a democrat, and you're generally in favor of bigger government, i don't think this is a positive to remind people how many nonessential employees work at federal agencies. i mean, some of these agencies, it's half or more of the workforce. and i think the natural inclination for people is to say -- stuart: i'm with you. >> do we need all of them? . stuart: i was surprised when i read the media on saturday and sunday. i thought they come out guns blazing. oh, it's trump's fault. it's the republicans fault. but they really didn't. liz: they didn't. stuart: kind of ambivalent. liz: they were ambivalent. i think it's sinking in that the tax cuts are good for the economy and nancy pelosi needs time to reboot her rhetoric. she was running out of words to attack. it runs up against their narrative of tax the rich; right? when all income classes are benefiting from the tax cuts. stuart: but as you said, james, in the poll, that same poll, which shows satisfaction with the economy 17-year high. most people, a majority of people, they think that their
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taxes are going up. i don't think that's true. >> it's more people who think they're getting a tax cut. so those numbers are going to shift completely as people see those paychecks beginning mid-february. liz: taxation says 60% of people get a tax cut. ashley: and you can blame the gop for that because the messaging is terrible. stuart: i think you're right there. where are we going to open? it's a monday morning. first day of trading after the shut down of the government. where do we open? lower. not that much lower. we're down 50 odd points, maybe 60 at the opening of the bell. that is hardly a sell off. all right. we have higher profits driven by strength in north america, we are told. that's american's energy dominance for you. i believe stock is going to go up at the opening bell. and then today, we have this coming in. amazon is opening amazon go. that's a kind of high-tech version of i guess the 7-eleven. no checkout lines. no cashiers. hold on. ashley is here.
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ashley: yeah,. stuart: tell me how this works. ashley: okay. you walk into the store, and you go through a couple of gates kind of like when you go on the subway. okay? during that time, you scan your phone. from that point onwards, your amazon go app has been scanned, and you're good to go because anything you buy in the store. you're watching it right here. it's on your credit card. when you lift an item off the shelf, ka-ching. it goes to your credit card. if you put it back, it's taken off of your credit card. it works on wait. it uses hundreds of ceiling-mounted cameras and electronic sensors to identify who you are. so by the time you filled up, you just walk straight out. you've already been charged your credit card. now, this is being used one store in seattle. they're having teething problems. they've misidentified people. people who have similar body types. but they're working on it. stuart: two things. it's a test of the technology. ashley: yes.
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stuart: does it work? ashley: yep. stuart: and it's a test of amazon. can they extend it to regular bricks and moto mortars? ashley: it's getting rid of the cashier. by the way, the new york times went there and tried to fool the machine. tried to shop lift. put a couple of cans away. it didn't work. they were charged. stuart: that's interesting. i like it. stuart varney does football. here we go. super bowl 52 is set. the eagles beat the vikings. the patriots came back to beat the jaguars. so it's the eagles patriots in the super bowl. the game is in two weeks. it's in minneapolis. the patriots are five and a half point favorites. next hour, i'm going to ask jason whitlock why does everybody nearly outside new england just hate the patriots because they do, and i want to know why. now this, apple having a tough time selling those $1,000
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iphone 10s. now there are reports that they may stop production of that phone this summer and focus attention on new models likely to be released in the fall. now, that's interesting. also, state of emergency in jamaica due to a rise in violence. tourists told don't leave your resorts. exercise extreme caution if you travel anywhere at night. new text messages between former members of the mueller team suggest former attorney journal loretta lynch that knew james connelly was going to give a pass. and she knew before that famous tarmac meeting. what will judge napolitano add to that? we'll know after this you so goo? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade,
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$9billion merger. surer is buying reinsurer. that deal is $5.5 billion. and new mueller members suggest they knew the outcome of the probe in advance. they also texted about the lynch clinton tar mark meeting. quote. timing looks like hell. paige, yeah, that is awful timing. it's a real profile encourage. since she knows no charges will be brought. now, what does that all mean. what's the interpretation of this? judge napolitano is here. sort it all because we're all getting lost here. >> all right. the first observation i have to make is it should come at no surprise whether decisions were made to prosecute or not to prosecute before all the evidence is in. the fbi and law enforcement often knows which direction it's going to go in before all the evidence is gathered. on the other hand, these e-mails critic what james
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comey said under oath when he had that very famous or infamous testimony shortly after he was fired when he said the reason i, james comey made t decision to exonera mrs. clinton is because my boss had conflicted herself by having the meeting with former president clinton. well, if the purpose of the meeting was to tell him about a decision that was already made, there was no conflict. bottom line, it is curiouser and curiouser that decisions seem to have been made for political not for sound evidentiary-based law enforcement purposes. stuart: the fix was in. internal people at the fbi did not want to prosecute hillary clinton, and that's what the attorney general told bill clinton on the tarmac. >> so why doesn't the present attorney general undo all of that? . stuart: answer your question.
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>> the statute of limitations has not yet run, and he can take that evidence, examine it with a fresh pair of eyes, and present it to a grand jury. the answer to the question is because the government often protects its predecessors so its successors will protect it, and that is a corrupt mentality that exists in doj no matter what party is in power. that isn't always the case but it seems to be the case here. stuart: well, there is great pressure that senate attorney general leave because he's not investigating. >> or do the right thing. stuart: which is? >> present this to -- have a fresh team of fbi agents and prosecutors examine this and decide what can be presented. stuart: so unless the attorney general jeff sessions takes this up and makes a deal out of it, nothing happens. >> correct. and with every tick of the clock, the statute of limitations gets narrower and narrower and at some point mrs. clinton can jump for joy when there's no legal opportunity to prosecute. stuart: do you think that's
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going to happen? >> i don't know which way this is going to go. i sometimes think i'm shoveling against the tide when i keep arguing for this. and i'm not arguing for it because i dislike her because i dislike her politics. i'm arguing for it because the american public has to believe that the rule of law works and makes sense and does not show favoritism to pretty much and powerful people like bill and hillary. stuart: the american public believe that bill and hillary are above the law. that's what's firmly believed in this country. >> bill and hillary seem to believe that they are above the law. stuart: judge, we'll see you again. check those futures. we're going to be down between 60 and 70 points when that opening bell rings in nine minutes time. how about this? the unintended consequence of the government shut down. president trump may end up having to cancel his trip to davos. say it don't so. we want to see our guy there amongst the globalists. we'll discuss it after this
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. stuart: the president's trip to davos in limbo. a government shut downplaying a part here. he might not go if the government's still shut down. james, i think that's a real tragedy. i want to see him stick it to the international elites. >> it was kind of fun thinking about the president being the
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guardian at the skunk party. this is basically the global liberal corporate elite. and it's a lot of hot air, and you were looking for someone to go in there and make fun of the festivities. so we're going to be denied that pleasure, and i think it's a smart move by the president because he would have opened the door for democrats to say, look, we're here eager to negotiate, and he's getting off to switzerland. so i think it's probably the right call. stuart: yeah, probably. ashley: unfortunately,. stuart: i mean, i'm assuming that the government shut down lasts throughout this week because he was due to go there and make a speech on friday. so if he doesn't go if the government is shut down. liz: he's supposed to meet with teresa may from the uk there too in davos. stuart: yeah, that's hard work. ashley: yes, it is. stuart: by the way, we have news from europe all the way through the show today about they're really falling to pieces about this open borders thing. we'll get to that later. but you will have, maybe the
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on a monday morning first day of trade aring of a the government shutdown. we're not really expecting a serious impact on share prices. of the three old day government shut down but nonetheless that is in the news background. back here we go out 0 off and running which way are we going up 49 points in the very, very early going, but right now the dow is holding just above the 26,000 mark and holding with a loss of about 60, 70 points we're right at 26,as of now. we just dropped below it 25995 in first trading of business. how about s&p 500 that is down only a tiny fraction nowhere near the loss of the dow and nays dak let's see where that opened up this morning as a usual that's an -- a just hit an all-time high then retreated to the tune of .30. in other words, there you go we're back again. technology stocks i'm judging from this --
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technology is doing well. show me amazon please, the stock of the day the week, the month, century possible we're at 1297 up $3 news on amazon you'll get it in a moment and news on apple how are they doing in very early going they're down a buck 43 and down 3% that news in a moment who is with me? ashley webster and elizabeth macdonald john is back, gluten for punishment, and d. r. barton is with us as well. d. r you've been doing research right now and you've looked over 12 previous government shut down and taken a look at the market impact. what is it? >> correct after all 12 of the shut down dating become to '81 stuart because before then we didn't have this kind of shutdown. we have you before this. after ten trading days for each of those 12, the market wases up on average 2.4% ten trading days later. u now there was one big outlier
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up 11% so let's say being up one, one and a half percent trading days now would be consistent with history. that is remarkable. let me repeat that. up -- 2% on average 10 days into any government shutdown. >> ten trading days after beginning of any government shutdown. >> how about that i wasn't expecting i have to say i was not expecting that. >> i'm your numbers guy stuart. i will -- stay right there. i think major market is upcoming earnings report this week. profit that's this market is all about. >> no doubt about it it. there was a trump trade initially marble was flat for two years to first getting elected in first in november up 8 to 10% and trading on earnings and tax cuts. look at the banks they've been a slog for ten months but future is rosy because of tax cuts. >> so we're watching profits the market mover this week more than the government shutdown. >> talk about this government shutdown tear thought about it but you're right a major impact
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on the economy or markets. j i want to get to news from amazon on this a.m. do go you know no checkout line no cashier, i they're opening thatn seattle. >> and been tested for a year by amazon own stock there's no -- whichcheckout line and no cell service once you swipe your amazon app you're immediately now able to go into the store with your own shopping bag and stop pulling stuff off the shelves and every time you do that, your credit card is charged and when you finish, it will sending you a receipt how much you've been charged on your credit card and you leave that's it. and use sensor in ceilings to identify you. now, of course, they have had some teething problems two similar looking people may have each other credit card charmings but they're working on it and bottom line is you get away from that dreaded market supermarket line when you've got all of your goods and stand in line half an hour that doesn't exist. it is all about debting you in and out as past as possible.
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. i think that is most important story than any other. remarkable how we'll probably live in the future. probably -- and any objection to that judgesome >> absolutely not when i have technology we knew this would happen you get your basket of grocery but it is ouch poof inventory management and a huge did you for these guys. >> still a biaser 1300? >> it is still a buy -- stuart because they're doing two huge things with this. they are giving us the future of frictionless shopping. and they're leveraging that monstrous distribution center system they've already put in place doing those two things are going to keep amazon on top. >> on the cusp of 1300 a again as we speak this monday morning. now, some wall street analysts said on friday that disappointing sales of the iphone 10 could, could lead apple to end production of the 10 this summer. and replace it with a trio of new smart phones that are coming
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out in the fall. what do you mawk of that because apple stock is down this morning, dr. j we know through channel checks stuart that that is happening already. they're cutting back on orders to their sub contractors. sky works make it about 40% of their business from them was down 2.8% on friday exclusively on this news. >> it is hitting chip suppliers, you know, you are talking broad come and logic stocks down on this news in demanding for the iphone 10. surprised to hear that i thought the iphone was end and be all -- i love it. yeah, you do. but you have to be rich like ash to afford it. but i wish -- and steve ballmer they're not creating anything new and increasing and apple now is reoccurring and own stock and happy with the stock but no longer or a hardware business. >> you own it. >> i do. i've owned it since the 90s a great run for the tax on it.
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and microsoft -- nobody is going to run -- [laughter] no selling either check the big board we're up u five, six minutes into the day this monday morning down 57 points holding just above 26,000. individual stocks making news. hal burton good profits driven by strength in north america we're told in the stocks are up -- near abuck at 53. look you've got to look at g.e. it fell actually below the 16 dollar per share mark first tile it has been that way in more than sixer years i think it is more than that actually. but we're at 1612 this morning. no recovery for g. e at this point how about ibm to drag that stock last week and it is down a bit this morning. another buck 22 at this moment. ibm is at 161. abercrombie and fitch optimistic about last holiday season. they have to report their results on that shortly, and they are up 8% on abercrombie.
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two big deals to tell you about. drug i think actually three. drug maker agreed to buy biotech company therapeutic nine billion. insurer aig buying reinsurer 5.5 a billion. the french drug maker santa fe will buy a drug maker a for more than dlor 11.5 billion. all of these deals today that's sign because people are buying before they get more expensive. >> people are are so worried about whether they're going to get back to their employees this is a huge sign for the harkt. >> bank of america lynch says it is be a record year rather for m and e deals expecting 350m and a deals largely due to repatriate so no weaker dollar meaning that you're going to see more domestic companies snapped up and drug makeers are a lot so you've seen a lot in the biotech
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acquisition affect. generics come to market so only other way to produce a new drug is to buy a company producing new drug so you see a lot of that anyway. >> but i would not be buying another company if market were just heading south bauds because that will get cheaper. but look who just is trying to put itself up for sale xerox in push much carl icahn. something to do request with it. zero. i remember that one. by the way, netflix they're going to post their profits after the bell today. i have to ask you dr, about, a couple of things there must be companies speculated about buying netflix. and that speculation is that part of the reason why netflix is gone up so much? >> absolutely. years ago, the first thing you and i ever talked about on this show the first tile was net flix we talked about shows they're producing and since then we've talked about this being golden age of con tengt i think we can't, we're getting more and
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higher quality shows than in the history of entertainment ppg so people are going to we're going to see consolidation and they're going overgrow in order to get aye ball and people like disney, like amazon, and are going to be trying to snap up other content providers to consolidate to bring more eyeballs into their franchise. three companies that could buy netflix apple amazon, and disney. yes. >> stretch for disney. but it would be a stretch but there are already invested in hulu they already provided to do a lot of original content themselves, obviously. so it's -- it would be a good strategic fit for them actually. >> microsoft could buy them. >> they could but then they would be getting into a new business, not currently doing. not sure they want to do that. all right, facebook -- they plan to start ranking new services. new sources should say -- for their feed, based on evaluations of credibility by
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thes use -- >> by facebook users i don't get it. >> take survey of their users and say do you think this media source is credible and then as we hire in the news feed. >> giving them trustworthy score but with everything else in the eyes of the beholder what you believe is credible other than someone else says no. who do you believe? >> they have an impossible job they are the sensor in chief and i don't see how you do that with two billion daily users i don't get it. j but about the slippery slope and subjective and they're ones that they're leading in if. would you buy facebook at 182. j i own facebook not because of this but two billion people and i think they're getting into television. >> so getting into the con tengt so you think it impose up from here. would you buy facebook at 182? >> absolutely. i just bought more on the big dip when -- zuckerberg made announcement last week and i'll keep adding on it every dip they're winning. thaifer winning eyeball game john is exactly riect. no matter what you say about him
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doesn't matter what matter what you say about facebook thing goes up. 15 right now. all right john, dr gentleman thanks for enjoing us. appreciate it. check that big board holding with a drop of 50 points that puts the dow above 26,000. huge step in american energy independents we're expected to produce more oil than saudi arabia this year. john former of the top guy at shell he's on the show, next. she's nationally recognized
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please nicole. >> it is very interesting first of all slightly higher facebook today it is the within that gets the bid the popular sunday monday game those are lobbed if but bid came in 2017 facebook went in there. amazon went in there and in the end amazon won package for $50 million so unclear whether or not facebook totally out and they're saying that nair not out forever. but we know what nfl has seen declining ratings but the nfl does try to -- sell out this thursday into different platforms to experiment and one to two year deals. so we'll see whether or not facebook steps in in last minute but this needs to be decided for the end of february so far look like facebook is out. >> okay and facebook stock is up at 18195 thank you nicole. two more big companies reported to show interest in buying the online big box retailer boxed.com. >> and look like kroger is advance negotiations to buy for
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years at the price half a billion now you've had box guy on frequently he wouldn't tell you. great guy 500 million but general mill and bed bath and beyond taking in box a way for general mills to get hog and dogs ice cream and products like gill play in boxed also forbed birth date and beyond kitchen merchandise to really accelerated after amazon bought whole foods and wal-mart bought. >> smiling and now we know why. [laughter] copyright. but he started it in his garage four or five years ago. we love you. we love you. checks -- checks -- [laughter] where's the the price of oil this morning i'll tell you right now it is $63 a barrel. u.s. oil output will top beat saudi arabia's output this year. john is with us former president of shell -- that seems to me to imply that
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america is indeed the dominant energy power these days that we call a shots on energy prices. am i going too far, john? >> i think you're going a bit far stewart because don't forget it has rolled become their prices or their production. and as long as opec rolled back production and keep it that way, yes the u.s. could be the biggest player. but remember, the u.s. operate it is in a competitive not in a -- in a structured way and so we'll complete from a u.s. standpoint whatever the price of oil may be. >> but wait a sending when opec cut back protection back in the day it that would have been a serious thing because price would have gone straight up but these days they have to watch out for american frackers to make up from short fall from opec and venezuela because they virtually dried up. j there's no question that u.s. can take advantage of opec's troubles. and opec's decision to cut back production and we will.
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i'm sure we will. we're very competitive in that regard, and when we have more market share, that's good for american energy production more broadly. but the constraint though we better be mindful of is suffering labor constraint and oil patch today predicted when we cut back to harshly in the downturn of the oil price and now -- trying to recruit truck drivers trying to recruit other o operators it is not easy. it's a hard life, and people don't want the insecurity of going up and then going down. they would like to see more predictability in it so that's a risk that could hold back production. >> okay i take your point, john toipght talk about fracking because american frackers are doing extraordinary job but not out to work in new york state and not allowed to work many california no fracking. do you think that -- that is administrative decision on the part of the governments there. do you think they'll reverse that will we see tracking in california and new york?
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>> not any time soon. we'll work around themon if they want to penalize their own populations, i suppose they have the right to do what. which is to me antidemocratic but that's just an opinion. i think that fact that new york and california are so anti-oil and antieconomic development that the citizens of those states really need to take that into account, and it is up to whether they change their government or not. >> i see your pound john and find it incredible that maybing pennsylvania is 5 billion year fracking industry new york state right next door after raised taxes they've got a huge budget deficit and they won't do it. i mean, is that the power of the greens or what? >> i did the drive through northern pennsylvania, and southern new york state last summer, stuart. the difference in the economic development is remarkable. it is truly remarkable. new building everywhere, in old
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town in pennsylvania and continued, you know, near decay economic decay in southern new york. i don't know if it is a green issue or if it is some fixation with the idea that we're passed the oil age. we are not past the oil age in this country and we won't be for decades and decades to come. >> you're right on fracking. you're totally wrong on america's energy dominance but we'll have you back and may pay off on that bet that you lost you are all right. we'll see you again soon. thank you, sir. [laughter] check that big board that's -- this is called pairing the los. we were down 50 point now we're down 20. well above 26,000 gaining coming ground as of now. this could be a big deal it in the fight against opioids abuse, a new product you mix it with your unused ownership i did pills that dissolve and become harmless gel wal-mart like it is so much they're giving it out
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industrial is down a near 35 points holding well above 26,000. no selloff this morning when we sort hit a three year high strong numbers held by a 30% jump in revenue from when palace and very important in the gaming industry and now this, we have a company which says it has come up with a safe solution to dispose of unused prescription drugs like opioids, for example. man who leads the company is with us now. the company is dispose rx on this man john holiday is the ceo. okay, now what u you've got is a product whereby you just add water and gel to opioids and they turn into nothing. we have pills there in a little bottle and what do you do now? rming added to pill cents the water followed by a powder --
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which is the disposer product, that's the product. the powder is product you're adding it to water and opioids no they are but vitamin d i believe. now you put the top on. now what? >> shake it first a few seconds vigorously what you find is you can't hear pills rattling arranged after a while because it is rapidly forming into a gel not extracted from bus and they won't pollute. the landfill. j now your product -- dispose rx that's given free now at wal-mart every time they put out an opioid prix. >> treat to get rid of the leftover drugs 70% of the addiction in overdoses begin with pills in the medicine cabinet. 190 people die a day from drug overdose so mow -- old days, couple of weeks ago if you've got surplus opioids they chuck them down the toilet what's wrong with that? >> well it pollutes so our
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efforts to stop cycle of addiction that eds in the cabinet but also pollution fishes in upper reaches of the have both sexes because of drug that are flushed or taken get into the waterway that's true. and also from the valium so we pollute water with drugs and i don't recommend we pollute it with opioid or any of them. >> well said sir depose rx can a private company you're the ceo. >> that is correct. >> stakeholder of dispose rx you've made a ton of money. >> no so far funded but looking forward. this is a passion to stop this cycle of addiction so we want to do well by doing good. >> i think u you're right dispose rx and thank you for the demonstration we appreciate it. thank you. all right. interesting stuff. the top democrat in the senate shutdown the government because -- he in my opinion is putting illegal immigrants ahead of the interest of american citizens. my take on this schumer shutdown
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stuart: yes it is the schumer shut down. the senator made the political calculation it will be blamed on the republicans. he thought a shutdown now would help democrats in november and he wanted to distract the country from president trump's obvious successes with tax cuts, economy and stock market's 8 trillion-dollar rally, and he wantedded to spoil the president's first anniversary in office. the schumer shutdown and pure politics and wrong. three days in it is not going senator schumer's way. republicans are not getting blamed. the public is not seriously inconvenienced. the stock market is shrugging it off. we the people are seeing it right. the senator schumer is shutting down the legal government of the united states in the interest of
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illegal immigrants. go back a couple years. bill, hillary and chuck wanted to stem the tide of illegals. now a 180. they shut the government to support the illegals. let me address this personally. clearly i am a immigrant, a legal immigrant. i filled out the forms. i stood in line. i got the medical reports. i got a police certificate from every place in the world i lived in for more than six months. i lived all over the world. it is not easy. i pay a lot of tax to the legal government of the united states and that government is shut down in order to favor illegals. i think president trump is going to win this one. the border will be controlled ultimately. chain migration and lottery system will end. and, because we are a generous people, the "dreamers" will stay. if you're just joining us the news is this, neither the market nor the economy have been affected by this shutdown but politically we may be at an
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emperor has no clothes moment. senatorsenator schumer's bluff n called. if you shut down the government to support people here illegally i think you're going to lose. the second hour of "varney & company" is about to begin. ♪ stuart: well if this is the reaction to the three-day old government shutdown it ain't much. we're down 18 points on the dow at 26,055. how about the big tech names? they have had a great run recently. it continues. only apple is down. facebook, amazon, microsoft, alphabet are all up a little bit more. better profits at the oil services firm halliburton driven by strength of oil in north america. the stock is up 3%. we have three big deals to tell you about. celgene buying the biotech
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company juno therapeutics. s. the french drug-maker sanofi is buying a drugmaker for more than $11 billion. i think that is a bullish signal. state on the market. bring in jason rotman, head of lido isle advisors. jason this shutdown is having little or no effect on the market. i expect this to continue. how about you? >> the only effect really which has been minimal has been on the bond market. yields have been trending higher over the past few weeks. over the weekend heading into sunday evening you know the bond futures were open. the prices went lower, yields went high ear little bit, maybe a small stick in the confidence of bonds. they went right back up. the stock market is basically even today. i think overall the market is going to be quiet looking ahead
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at the fed meeting which is next week. we'll see what netflix and various earnings do this week. nothing is that bearish so far. stuart: jason, hold on a second. i want to look at general electric, the once almighty stock, hitting hard times recently. in fact today ge at one point very briefly fell below $16 a share. first time in years it has been down there. is this a bottom, jason? $16.26 is this a bottom you would buy? >> actually i would say nothing is bearish so far except for fe. ge has been really struggling. they're talking about a breakup. they're talking about spin-offs. good idea. could help. right now there is no technical nor is there any fundamental reason to get excited about buying ge. i'm pretty clear about that. >> so you're out of it, you're staying out of it, is that right? >> correct. there is a lot better opportunities out there. >> who would have thought ge
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would sink like this? >> yeah. >> i didn't. how about netflix? they report after the bell today. are they a takeover target do you think, jason? >> you know what? i don't think so. i think netflix is growing into, obviously it has grown into its own beast, its own animal. i think if anything some of the larger players are not looking to take over netflix but do their own thing. amazon is a perfect example. amazon, hypothetically would be a phenomenal acquirer of netflix but they have grown their own internal netflix, amazon video. i think netflix will keep growing. netflix has made a lot of people very rich and very wealthy, long-term stockholders. trading 95 times price-to-earnings ratio. that is a little rich but par for the course because people believe the company will grow. stuart: viewers want to see how the market is reacting to the government shutdown. they're worried we have gone up
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so far so fast they're worried about a pull back. do you think the spell is broken or onward and upward from here, another leg for the rally? what does jason rotman say? >> what i say is this, to be totally honest over the next week or so heading into the fed meeting, kind of putting on my traders cap to look at the sentiment and the technical, i really believe the rally will stall and slow down heading into the fed meeting. the market is very uncertain as whether the fed will really a.m. up they're taking away of the punchbowl. once the fed meeting gets out of the way may go higher. stuart: jason, let me interrupt you. mitch mcconnell is speaking about the bill on the senate floor. >> a bipartisan bill that would put this mess behind us. the bill before us does tree things that every democrat and
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republican should be able to support. first, it end the shutdown and restores full funding for the federal government through february the 8th. second it extend health insurance for nine million vulnerable children. third, it will enable congress to resume serious bipartisan talks on the important issues facing our nation. i respect the passion that many of my friend in this chamber, democrat and republican alike bring to the major issue of before the senate. all of these issues. each of us brings our own views and personal perspectives to discussions of immigration policy or health care reform, or details of government spending but we should not let the political feuds or policy disagreements obscure the simple fact that every member of this body cares deeply about the challenges facing our country.
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all of us want to make life better for the american people. bearing this in mind i hope and intend that we can reach bipartisan solutions on issues such as military spending, immigration, and border security, and disaster relief before, before the february 8th deadline. but yesterday evening i restated my position that these negotiations can't last forever. should these issues not be resolved i bet time the funding bill before us expires on february 8th, so long as the government remains open, so long as the government remains open, it would be my intention to take up legislation here in the senate that would address daca, border security and related issues as well as disaster
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relief, defense funding, health care, and other important matters. let me be clear, this immigration debate will have a level playing field at the outset and an amendment process that is fair to all sides. this immigration debate will have a level playing field at the outset and an amendment process that's fair to all sides, and it would be my strong preference for the senate to consider a proposal that can actually be signed into law, a bipartisan, bicameral group is already negotiating and i look forward to completion of its work but it is abundantly clear the senate can not make progress on any of these crucial matters until the government is reopened. we need to move forward and the
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first step, the very first step is ending the shutdown. it is evident that this government shutdown is doing nothing, absolutely nothing to generate bipartisan progress on the issues the american people care about. every day we spend arguing about keeping the lights on is another day we can not spend negotiating daca or defense spending or any of our other shared priorities. so look, let's join together, put the filibuster behind us, and get back to work for the american people. stuart: statement on the floor of the united states senate by mitch mcconnell. the senate by the way is about to vote on a bill which would a, end the shutdown and restore funding until february the 8th, b, restore the child
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health insurance program for nine million children, and c, would restart, according to mitch mcconnell, restart negotiations on a bipartisan agreement. fox news contributor doug schoen is with us now. i don't expect there so be 60 votes in the senate to pass this bill. my position is, that senator schumer has deliberately shut it down for political advantage. what say you? >> i think there is blame, stuart, to go around, on all sides. look i would be for, i think like you for a clean bill, just get the government open. that being said i don't think mitch mcconnell went far enough to get the 60 votes, i would certainly agree with that part of your comment. stuart: senator schumer is in position of shutting down the legal government of the united states in the interests of illegal immigrants. that is what he has done. >> well, stuart, there is plenty of blame to go around -- stuart: that is what he has done. >> there was bipartisan agreement from the senators that
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the president didn't accept on daca last week. i'm disappointed that that didn't go forward. i'm disappointed that short -- senator schumer and the democrats taken position they have. i blame all side. stuart: senator schumer's base will not allow him to make a deal, build the wall, get rid of chain my phrase, get rid of lottery, yes, the daca people can stay. his base, the left of will not let him make that deal. >> the 10 states that donald trump won in 2016, there were four or five votes for the compromise on friday night. would i say we need to move in that direction and hopefully we can get the 60 votes. stuart: listen to what senator schumer said about the last shutdown back in 2013. he said something very different. roll tape. >> i believe in immigration reform. what if i persuaded my caucus to say i am going to shut the
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government down, i am going to not pay our bills unless i get my way? it is politics of idiocy, of confrontation, of paralysis. stuart: the politics of idiocy, how times change in couple of years. >> my response is, in washington, plenty of blame and plenty of idiots on all sides, on all parties. look, we should do a clean bill. just get the government open but where we stand now, we could have gotten a compromise on daca. we should do children's health but what mitch mcconnell said today doesn't go far enough. stuart: oh, really? >> really. stuart: really doesn't go far enough to placate the good senator who puts interests of illegals ahead of people like me. >> stuart, politics is the art of the possible. you need not not 51 but 60 votes. stuart: what explicit statement?
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>> i accept the senate compromise from last week. we get it done now. i will urge the president to sign it. stuart: what guarranty in return we would get the wall and end of chain migration? no guarranty. >> no, there isn't. stuart: why the devil should they agree with that? >> daca piece as well as children's health are critically important, like you the children are not in any way to blame for their situation here. and i think they deserve special treatment. stuart: i still think that president, senator schumer, is standing in favor of illegals over people like me. and i think he will lose, politically, the man will lose. >> so far the polls suggest that the democrats are winning but i agree. there is plenty of blame to around. i wish chuck schumer took a different position. would i like to get the government open today. ashley: it is that kind of thinking, doug, democrats in the minority in washington. it carries on. you can not put the sake of people illegally here over those
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legal citizens. especially in the military. it is that thinking that means that the democrats are in the minority now. >> i do agree generally, ashley, that this is a party that, stuart and i discussed is too far to the left. stuart: yes. >> i wish we could come together and do precisely border security and daca together. liz: nancy pelosi and democrats are rejecting a six-year chip funding for children. >> i know. liz: by the way this, is using government spending, government shutdowns over separate policy issues, right? ted cruz did that in 2013 over defunding of obamacare, wanted to shut the government down. this is about running the government. you have to hammer out policy differences separately. >> i agree, lizzie, totally agree. stuart: i'm sorry i see it in very simple terms. senator schumer has shut down the united states government because he favors illegals over the legal residents of america. >> i see a different context to it. again there was a bipartisan
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agreement last week. could have been adopted. we could have avoided all of this. plenty of blame to go around. stuart: no, we'll agree to differ. >> we shall. stuart: doug, thank you very much indeed. appreciate it. nick adams with us. author of green card warrior. lear is a -- here is a guy who specializes on the immigration subject. look, i see this in very simple terms as i've been saying all morning, senator schumer shut down the u.s. government on of people who should not be here. on behalf of people who are illegal. might think that is harsh line to take, but what say you? >> it is not harsh at all, stuart varney. as usual you're absolutely nailed it. that is exactly what senator chuck schumer has done and it's a disgrace. democratic party of today is unrecognizable from the democratic party of old and they are doing these kind of things which is just, you can't get your head wrapped around it. who would have thought one of
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the major political parties in the united states of america would be elevating the interests of illegal immigrants over americans? it is incredible. stuart: the thing is, you can not allow some kind of special deal to go through where america says, yes, the "dreamers" can stay but you don't get a deal on a wall and ending chain migration and ending the lottery. you can't do it that way around again because if you doshes you simply open up america to another flood of people coming across the boarder, you have exactly the same problem two or three years down the road. that is my position. >> yeah. that is exactly right, stuart. and that is why the order of the day, i know the president called for a bill of love. i really think the bill that he should have called for a bill of tough love, because that is exactly what needs to be exercised right now towards illegal immigration. and unfortunately we're not seeing that. i'm with you. we need a clean bill. we need get this government
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reopened today, right now, so we go back to the ordinary business of examining all the issues that are facing the country. stuart: nick, i'm going to have to move on i'm afraid to say. thanks for being with us. i'm sorry it is so short. i want your views on immigration. i know that is your subject. hold on i have one more. >> the gift that keeps on giving. stuart: we'll try this. several headlines on the migrant crisis in europe. number one, majority of belgians don't feel like they are at home. number two, study in in italy, italians will be a minority in two generations, germany, the population growth is all due to migrants. that is due to open borders.
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what say, nick adams. >> europe is there really isn't much appealing anymore. they have never really subscribed to this idea of e lure bus unum as we have in the united states. they signed up for radical multiculturalism stuff. they paid the price for it. we have to make sure this doesn't happen in the united states. the italians, the belgians, all of those european cultures, once the population starts to shrink, so does the culture. italians need vino, lemon jell-o, and listen to dean martin's version of that's amore and retire to the bedroom. stuart: this is the first on "varney & company," latin spoken with an australian accent. nick adams thank you very much. good stuff. we're done but you can come back real soon. look at this.
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now we have a turnaround. we were down 50. now we're up 37, 38. we're at 26,108. how about ibm? a weak profit report dragged the stock down last week. it is coming back a little now. it wants to get into artificial intelligence and blockchain, et cetera, et cetera. ibm back up at 163. xerox, activist investor carl icahn, darwin as well, want a new ceo. up a fraction, 2% nonetheless. dow all-time highs. walmart, home depot, mcdonald's, coca-cola, travelers. we give you a long list of he have day for all-time highs for the dow 30 stocks. another five up there today. walmart, 105. how about that? >> california in cleanup mode after the mudslides damaged and destroyed dozens of homes. we'll head there to see the progress after this. and the philadelphia eagles will meet the patriots in
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super bowl lii. later this hour, fox sports 1's jason whitlock and an eagles player join us to talk about the matchup and why the patriots, why does everybody hate them? we'll be finding out. we'll be back. ♪ your insurance company won't replace the full value of your totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance.
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stuart: the all-important highway 101 was closed by those devastating mudslides in california. well, it has reopened and hillary vaughn is there with the very latest on this hillary, what have you got? reporter: hey, stuart. well we're hearing it cost about $12 million to get this highway up and running t was covered at this point in 12 feet of mud. as you can see now, it is perfectly clear.
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in fact someone from caltrans told us a few moments ago, it looked better than it did before, it got new guardrails and painted lines. this green stuff, that is to prevent more mudslides in the future if the area gets hit more rain which we expect to happen throughout the remainder of this winter season. they're running out of places to put some of the degree. in neighborhoods still a lot of homes covered with mud. 11 areas are filled to the brim. you have 20 million pounds of debris sitting at ventura county fairgrounds. they're bringing some of the mud to the beach. while people can get too and from work in this area, a lot of businesses remain shuttered. some workers are not able to go to work because the business isn't open yet. that is now the biggest challenge. while the freeway is open, the community is still under mud. some boulders bearcarried
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through the mudslides up to five tons each. so a lost manpower here. caltrans says this is the biggest job they have had or seen. really a good effort by all. stuart? stuart: a major effort by all if it is up and running again. that is really something. hillary, see you again soon. i say the "schumer shutdown" i say it is the "schumer shutdown." the senate will vote in about 90 minutes on reopening the government. there are voices on this government that say there isn't a prayer of that happening. we're on it. back after this. ♪ you know what they say about the early bird...
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stuart: that is very true. i want drama this morning and i'm not getting it. ashley: no, you're not. stuart: playing the beatles doesn't put me in a good mood unless i have dramatic news to impart to our viewers. okay. check the big board. no drama there. we had 80-point swing. we were down 50. now we're up 25. 26,100 is where we are. allow me to point out that microsoft is at $91 a share. up $1.11 as we speak. there is drama, rain. i am in a good mood. ashley: boy, that changed. stuart: that is easy. before we get back to microsoft ge is around $16 a share. they dropped to 15 and change. struggled back to 16.23. how about that? this bears repeating, microsoft has hit an all-time high this morning, $91.07 per
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share as of right now. ashley: doesn't it feel good, stuart? stuart: yes. in the last hour, marc short, the white house point person on the shutdowns he said this about getting 60 votes in the senate to reopen the government today. roll tape. >> right now look likes we're still a few votes short. i think republicans have continued to unite. there has been a few red state moderate democrats who have flipped over, recognized the absurdity of the democrat position holding 320 million tax-paying law-abiding citizen to solve a plan for 690,000 illegal residents. i'm sure the pressure is building but not quite to 60 yet. stuart: senate reopens in 90 minutes to reopen the government. senator steve daines joins us now. sir, when do you think we'll
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reopen the government? it will not be today, is isn't. >> it is not complicated. chuck schumer invoked the filibuster. democrats made it complicated. let me sum it up and make it very, very simple and very, very easy. the united states house passed this cr. the president says he will sign it. in fact the majority of the senate approved this cr, it was 51-48 vote, five democrats joining a bipartisan majority in the u.s. senate. the issue is chuck schumer filibustering requiring 60 votes. this what we need. we need seven or eight democrats to go down vote like this. voting yes. if they do that we vote -- open the government. i was talking with a woman from montana. her son is getting trained to be a green beret. he is not getting paid. if we get seven democrats, maybe eight, go down to the floor of the united states today, vote aye, the shutdown is over.
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stuart: what about people like me? i came here legally. i stood in line, filled out the forms. i had to get a police report from every country in the world i lived in more than six months, and i lived all over the world and that is not very easy, i paid the fees, i waited my turn and now i find that i as a legal immigrant, a legal naturalized citizen of this country have my legal government shut down because senator schumer wants to support the interests of illegals. i'm hopping mad about it. got to tell you. >> tell you what, the american people share your anger. the fact that chuck schumer would shut down the government because of this illegal immigration issue. we need to have a debate about it. let's have it on the floor of the united states senate, but to shut down the government because of this absolutelily wrong. put this in perspective in montana, in terms of daca recipients, we have less than 80. i think the number 177 in -- 77
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in montana. a million 400,000 residents sufficienter ising because of the shut down. for sake of what, 77 daca recipients in my home state? it is ridiculous. stuart: if this continues, at what point does, do the democrats lose? i think, look, this is my opinion. i think they shut down the government to gain political advantage in the november elections but at what point does the shutdown reverse that and hurt the democrats? >> well i think they have already lost in this shutdown. the american people are looking at this now saying, what is really going on? they're shutting down the government on behalf of the daca recipients. as marc short just stated there is over 300 million americans being harmed by this for the sake of what, less than 700,000 daca recipients. who here is what happened. the extreme left democratic party hijacked chuck schumer and the democrats. they are kowtowing to the extreme left of their base.
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time to eliminate this filibuster, open the government up, let's have a spirited debate about daca, about immigration. that can be done through regular order. leader mcconnell has given his word on that. we'll have that debate. we've been having that debate for several months. we can bring that to the floor, allow senators to present their bills, go through the amendment process, but to shut the government down because of this issue is ridiculous. this is the "schumer shutdown." stuart: thanks for joining us, senator steve daines on this important day. we appreciate it. i have to go back to the market and the shutdown too. the shutdown has had no impact i can see on the stock market. let's ask john lonski, moody's managing director if he sees any impact at all? >> hardly any, imperfect acceptable to the economy. this would have to last longer than a month to begin to endanger the health of the economic recovery.
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stuart: of course people in the military will not get paid. they will get paid eventually and that hurts. >> it hurts certain groups, but these groups as percent of gdp are relatively small. 7 billion per week, set against a annual gdp of $19.5 trillion. stuart: our colleague, dr barton, looked back of the past government shutdowns, two weeks into the shutdown, market was up one or 2%. >> the stock markets are forward-looking animal you say. they realize this will not last for. nobody's interest to allow the shutdown to persist. it could do a lot of damage to the democrats going into congressional elections this year if indeed it goes on too long. stuart: okay. we'll sort that one out. john, stay there please. more in a moment. i have to tell you gop to get leverage on this issue, they launched an ad campaign targeting red state democrats,
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they will do that for the duration of this government shut down, trying to shift blame to the democrats in those key states. howard kurtz is with us. media buzz host. so far, i don't think that the media has based quite way i was expecting. you know where i'm coming from. i thought they would flat-out, saturday morning, sunday morning, oh it is republican es fault and trump's fault, but they didn't. i'm surprised at that what do you make of this? >> headlines in the "new york times" and ap senate democrats trigger shutdown because chuck schumer would not go along with another kick the can, stopgap fundings measure. i think there is blame on both sides but there is no knee-jerk rush to blame president trump and gop even though politicians hon both side are spinning this. stuart: i am making what some might say is harsh judgment. i think it is the "schumer shutdown" and i think the senator is putting interests of illegals above the interests
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of the nation as a whole. that is very harsh point of view and my point of view. what say you? >> what i say is the president trump said repeatedly he wants a bill of law, wants to help the "dreamers." seems there is a deal to be had but you can't only blame one side. politicians do this all the time. they made the reverse arguments in 2013 when obama tried to blame republicans for that particular shutdown. so i am surprised, i don't think this will last very long and ultimately there will be a deal. the two sides are not that far apart. the "schumer shutdown" is alliterative but democrats view it as the trump shutdown. stuart: "schumer shutdown" as a ring to it, what is that called alliteration? what was it? alliteration. i'm sorry i didn't quite hear. howard, i'm sorry to cut it short. we have full days of news. you know how it goes. >> appreciate it.
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liz: like the pelosi put-down. stuart: pelosi put-down. alliteration. ashley: anchors must always a lit rate. stuart: i must go down to the sea again, to the lonely sea and the shore, the alliteration conjuring up visions of the beach. liz: doing poetry on "varney". stuart: you know what the producer just said? shut up, stuart. thank you. lonski still with us. i want to talk about netflix. they're going to be reporting their profits after the bell today. the stock is up five bucks in advance of that. you still bullish on profits? >> i'm still bullish on profits. yes i am. i think economy is growing at a rate faster than we currently expect. that will help profitability. labor costs -- stuart: wait a minute the economy is growing? >> i look at some consensus estimate for 2018 real gdp growth, they're running close to
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what, 3.6%,. stuart: forget about real. >> in fourth quarter we had strongest corporate revenue growth outside of energy since the third quarter of 2014. we're getting into high gear. stuart: are we getting to 4% growth in any quarter this year? >> what certain people told me on the business side that is well within reach. i had guys from manufacturing saying their order books haven't been this full since the late 199s. that is the last time the u.s. economy grew by 4% annually for three or four years. stuart: this shutdown nonsense is a distraction from good economic news that is a plus for president trump. >> definitely. as long as he doesn't put his foot in his mouth. he has to avoid. let the economy do the work for him. it is greatest thing on earth. stuart: he is watching the show. don't say putting his foot in his mouth. lonski, you're all right. thanks for joining us, sir. >> my pleasure. stuart: check this out.
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julie ertz, member of the women's soccer team, wife of eagles tight end, zach ertz. she couldn't watch yesterday's game. she was playing her own game for the national team. watch her reaction. sack did not see his wife's reaction until speaking to reporters after the game. reporters showed in the video, he tiered up. we're going to the super bowl. eagles-patriots. matchup next. ♪ if you've been diagnosed with cancer, searching for answers may feel overwhelming.
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♪ ashley: the good news u.s. oil out put is expected to top saudi arabia this year but former shell oil president who n hofmeister said the bat news is lack of workers in industry. >> no question the u.s. can take advantage of opec's troubles and opec's decision to cut back production. i'm sure we will. we're very competitive in that regard. when we have more market share that is good for american energy production more broadly. the constraint we better be mindful of,er what suffering labor constraints in the oil patch today. this is predicted when we cut back so harshly in the downturn
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of the oil price. and now, trying to recruit truck drivers, trying to recruit other operators, it is not easy. it is a hard life, and people don't want the insecurity of going up and going down. building a website in under an hour is easy with gocentral... ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too. build a better website - in under an hour. with gocentral from godaddy.
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the super bowl, yeah it's set. the patriots will face the eagles. jason whitlock, co-host of "speak for yourself." he joins us now. as total outsider to football, even though i lived hire for 40 years, jason, why does everybody outside of new england seem to hate with a passion, hate the patriots. why? >> because they're on top and people are jealous and they have had so much success and so it's kind of fun to hate a dynasty. i have a great deal of respect for bill belichick and tom brady. i think it is great they're back in the super bowl. i understand why some people think the patriots get all the breaks and get ault success. stuart: jason, we were showing videos, conspiracies, the referee went up to tom brady, congratulated him after the
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final play. another official was seen smiling with patriots players as they were celebrating a touchdown. you know, isn't this a little crazy? i think tom brady is the best quarterback of all time. where am i going here? >> you're not wrong. look, the optics of that are not good. i'm sure the nfl will tell the officials, look, i know you're a human being, i know it is tough being around tom brady, he is so charismatic, stay professional, get off the field. don't do anything that undermines your integrity, that creates a perception that you're favoring one team. but i get it. if i'm on the field with tom brady and he put on that performance, just as a man, a sports fan, i'm like, dude, that was great. love it. [laughter] stuart: i watch soccer. you know i watch soccer. something real bad crept into european soccer. nowadays you will see the ref with his phone in his ear. they're doing sort of tv replays
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whether it should have been a penalty or not. i think this is terrible. it looks to me like soccer is taking on the aura of american football. i don't like that. >> you know what? i watch the nfl sometimes and the officials i'm like, the officials are taking on the kind of importance that soccer officials take on and that's too much. there is too much attention on officiating. we need to get the officials out of the game. people want to see tom brady. they want to nick foles. they don't want a game dominated by officiating. that is the only similarity i see between soccer and nfl. stuart: that is the only similarity you see, i just know it. jason, thanks for being here. >> thank you, varney. stuart: we've been talking about the eagles headed to the super bowl. of course they are next. brian braman place for the birds.
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you know, i used to be good at this. then you turn 40 and everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. we usso why do we pay to havers a phone connectede days. when we're already paying for internet?
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stuart: the eagles will pay the patriots in the super bowl, super bowl lii. look who is with us? this man is brian braman, who is a defensive end for the eagles. you must forgive me, i will ask a strange question, this is a foreigner asking you a strange question, how do you play football with long hair like that? can the other side grab it? >> i play defense, it is more of a problem for the offensive players because it can be considered a part of the jersey. stuart: wait a second. it is legit for another player to grab your hair and yank it, they can do that? >> yeah. if your hair touches your jersey, it become as part of the jersey. stuart: why don't you cut it? >> it is kind of like my strength. i guess it is something i've become attached to. stuart: shall we call you some son, perhaps? look, i'm digressing here. >> similar, similar. stuart: the eagles are always the underdogs and, patriots have
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a five 1/2 point advantage on you going into the super bowl. i believe some much the fans wear dog masks because you're always the underdog. have you embraced the underdog attitude? >> yeah. you know it is never a bad thing to go into a fight being an underdog. as a team we definitely embraced it. i think we used it to our advantage. stuart: who is going to win? by how many points are you going to win? >> we are. why are you asking? how many points are we going to win by? stuart: yes? >> i don't know. i hope it's a good game. i want it to be close. there is another part of me that doesn't want it to be close. but, obviously it is tom brady. there is no telling what he is going to do. i know we have a good group of guys. we're definitely going out there to win. stuart: is this your first super bowl? i take it is. >> it is. 7th year. this is the first one.
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i'm still actually trying to register the whole thing. stuart: it still really hasn't kind of registered with me that we're going to the show but it is going to be an exciting time. a couple more days for me to relish in the moment of winning nfr championship, it will be a good deal once it all sets in. stuart: you may be surprised to hear this from a guy like me but i understand the under/over is 58, which is a record high i think? >> yeah. i don't pay attention to too much of that. i've never really been a gambler but as a player i always bet on my team before i bet on somebody else. stuart: forgive me for a strange question, what exactly does a defensive end do? >> so we're actually located at either end of the formation on the defensive side of the ball. usually do a lot with setting edges, making sure the ball
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doesn't get outside. obviously on passing downs, second and third, long distance downs we really try to get after the quarterback, put pressure on him. make sure he has to make quick decisions. stuart: you're the guy who tries to sack the quarterback? >> yeah. we try to get after him pretty good. stuart: so you will try to go after tom brady. >> i personally probably won't. my job is along the line of special teams. we have a good groups of guys. stuart: first time you ever been interviewed by somebody who knows nothing about football. i hope he enjoy it, i hope you win, i hope you enjoy the super bowl. >> i do enjoy it. appreciate you guys having me on. stuart: thank you very much indeed, brian. see you soon. stuart: i hope the government shutdown doesn't stop the president from going to davos this week. would i really like to see him mix it up with the iaea -- with
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stuart: at this point it's not certain that president trump will go to the world economic forum in talf vote. if the -- davos. if the government is still shut down, he may not go. that's unfortunate. i want to see our president mix it up with the globalists, the open borders people, the income inequality guys, the european elites. they hate him. i want to see a confrontation with our guy flying the flag for growth and prosperity. our president would be flying into an open borders hornets' nest. france would leave the european union if there was a free vote. he just said it. 77% of belgians don't feel safe at home. within two generations, italians will be a minority in italy. the european elites think mr. trump is a racist, but davos would let him reach over their heads and addresses the long-suffering european people
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directly. our president would also be flying the flag for a rational energy policy, uncluttered by the paris climate accord. in germany the cost of electricity is many times higher than in america. thanks to a series of wildly expense i have green mandates -- expensive green mandates. we see the virtues of fossil fuels. tell 'em what it's all about, mr. president. he is, after all, on a roll. an nbc/"wall street journal" poll shows america's satisfaction with the economy at a 17-year high. the labor department says low wage workers are making the biggest wage gains, and the market just crossed another milestone, stock values up a pull $8 trillion since his election. i do hope that mr. trump goes to davos. i just want to see the elites confronted on their home turf, and i want to see our president touring the european museum telling them clearly how important prosperity is and how to get there too. the third hour of "varney & company" is about to begin.
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♪ ♪ >> every year the republicans plan the davos break. we come in for a week or two and then we're out. and why would that be in the senate is in, why is the house out? some of the republican leadership can go visit their top 1% friends in davos and celebrate the passage of a very unfair tax bill? stuart: what? what? [laughter] sorry. i'm not being funny here. that was nancy pelosi slamming republicans for going to davos and the 1 %. you heard my take, top of the hour, let's bring in steve forbes. what is nancy pelosi saying here? i mean, she's part of the 1%. she's a very rich person, for
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heaven sake. >> yeah. she's worth over $40 million. she's suffering from davos envy, because it's the liberal elites who dominate davos, and she's insulted, i guess she hasn't been invited yet which says something about their attitudes towards women. stuart: what have you got? >> joe biden gave the speech at davos last year. john kerry has attended, robert rubin, madeleine albright. so -- stuart: it's extraordinary. nancy pelosi is setting herself apart. she's not like other wealthy democrats. not like those nasty, wealthy republicans. i mean, i just don't get it. >> she's the marie antoinette. a $1,000 bonus is pathetic crumbs. >> that takes the cake. stuart: you've been to davos, i'm sure. >> yes. stuart: what is it like? is it a hotbed of globalists and open borders people there? >> it's so cold. i'm going tonight. we have a reception tomorrow
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night, so i'll pass along your regards. stuart: wouldn't you like to see our president stick it to 'em? >> sure. he would speak over the heads of to the people of europe who are not satisfied with immigration, and he would tell it like it is. stuart institute i hope -- stuart: i hope he goes. stay is with us, please, steve. let's go to the market. no major impact on the market from the government shutdown. look, there's no economic impact, is there, steve? there's no impact here from the shutdown. >> impact? it's helping the market when the government is not in session. that means you save money. less capacity to do bad things. the only real downer is they're not paying our troops, not paying the people who defend us. that's the bad part. rest of it, we can more than live with. stuart: but we're not saving any money really because any government worker who does not get paid now will get paid in full in the future. >> but less time for
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regulations. i mean, i've had the government on full-time vacation, most of it. [laughter] stuart: hold on a second. you're with us for the hour, i do believe. >> yes. stuart: good stuff. now, the u.s. is going the overtake saudi arabia in the output of crude oil this year. i think that makes america the energy-dominant power in the world. joining us now is dan eberhardt, ceo of canary hlc -- llc. that's an oil-drilling company. now, if america is, indeed, the dominant energy power, what does that mean for oil prices? we keep a kind of a check on it, that's what it means, right in. >> yeah. well, i think it does mean a check, but the oil prices are -- look, the u.s. has doubled production since 2008, and i think overall that has a moderating effect on the prices. i also think that this american shale basically means that shale is the, shale is the moderating
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force in what's going to determine the supply whether the price goes up or down, not opec for the foreseeable future. stuart: why have i not heard anything about this? it seems like our national security is enhanced, we are the denial significant global power in emergency -- dominant global power many energy, but i hear nothing about it except on this program. why is that? >> i don't know. i think more people need the talk about it. look, if america can supply its own energy and export energy, i think it makes america and our allies more stronger and more relevant in the world. stuart: i think this is a great deal. energy dominant, the united states, doubling our production of oil since 2008, what's wrong with that? >> the answer is, nothing, unless you're vladimir putin and the europeans as we get these liquefied natural gas permits, more and more done more quickly, you'll see the europeans loving the fact -- even though they may hate us -- loving the fact they
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have an alternative supply of natural gas than the russians. and that reduces russia's impact in europe, and that's only a good thing. stuart: have we started exporting energy yet? >> in a few years we'll be a net exporter. >> net exporter, but we are exporting a lot of petroleum products today, refined products, and if we get these permits on a fast track, we'll be exporting liquefied natural gas and not losing market share to countries like australia and qatar who are moving ahead when obama -- stuart: dan eberhardt, are we going to be exporting a lot of liquefied natural gas in the future? >> yes. i think when we get this permit situation figured out and we get to exporting, i think it's going to be a huge boom. i'd also add to the conversation about 30 seconds ago. so from a standing start two years ago, we're exporting about two million barrels a day of oil, and i think that there's more room for that in the market. and i think that's a great american success story with american jobs, and i think it
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enhances our security interests internationally as well. stuart: good stuff. dan eberhardt, thanks for joining us, sir, very good. >> thank you. stuart: back to the market. i've got three very large mergers to talk about. i've got the drug maker celgene buying juneau they are therapeutics. that is a $9 billion deal. then we have aig, they're going to buy the reanyone insurer -- [inaudible] and then sanofi says it's going to buy the drugmaker bioveritive for more than $11.5 billion. that is a bullish sign for the market. you buy now on the grounds that that company's going to get more expensive in the future. >> yes, it is. and on the drug side, it shows it takes smaller companies to make some of these big drug breakthroughs. the big ones pick up and make sure the food and drug
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administration doesn't strangle it. stuart: does that have to do with the tax cuts, is that helping mergers? >> means your cash flows are going up, and it means also, the key thing to look at also in the future is capital expenditures, they'll be going up. and then critically for the health of this country, small business formations which have been stagnant for years because of regulation, taxation and washington's anti-business attitude. stuart: all this good news overshadowed by the nonsensical shutdown -- >> bullish. send them to davos. [laughter] give nancy pelosi, offer a one-way ticket. [laughter] stuart: okay. i've got to get in the amazon story of the day. it's a big one. they're opening a new store. no checkout lines, no cashiers. it's in seattle. here's how it works. ashley, straighten me out. >> go ahead. go ahead. stuart: you walk into the store with your phone, you scan your phone using the amazon app. >> yep. stuart: then amazon goes technology, lets the users' cameras throughout the store,
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you walk through the store -- >> yep. stuart: -- you take something off the store, put it into your bag and walk out. >> yes. and your credit card that's attached to your app is charged for the total amount. it gives you a receipt on your phone, and away you go. you put it in your own shopping bag and out you go. stuart: to me, that's shopping. i'll do that. [laughter] i'll definitely do it. >> gives new meaning to shoplifting. >> yes, right. stuart: amazon has narrowed its list of locations for its second headquarters, narrowed it down to 20 cities and locations. two of them are in texas, dallas and austin. next up, the governor of texas, greg abbott. and vice president pence, he is in jerusalem. coming up, the former mayor of shiloh in israel, i want to know if israelis are genuinely happy with the decision to move the u.s. embassy to jerusalem. and, of course, we're monitoring the government shutdown. the white house opportunity expect to get the 60 votes in the senate today where they'll vote to -- they'll debate
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reopening the government. they don't expect to get the 60 votes they need. we're on it. back after this. ♪ ♪ hey, what are you guys doing here? we're voya. we stay with you to and through retirement. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement.
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stuart: might be more expensive to drivn manhattan soon. governor cuomo says he supports a plan that would force drivers to pay $11.52 to drive into manhattan's most congested areas. trucks would pay more than $25 a day. the money would be used the pay for the city's truly ailing subway system. now this, amazon has narrowed the list of locations for its second headquarters to 20, and two of those locations are in texas. that would be dallas and austin. joining us now is the governor of texas, greg abbott. okay, governor, new jersey is offering newark $5 billion for amazon to move the newark.
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what are you offering amazon to move the dallas or austin? >> you know, i don't know if $5 trillion would be enough to entice amazon to go to new jersey -- stuart: oh, you're terrible, you're terrible. [laughter] but i don't blame you for saying it, sir. [laughter] go ahead. >> texas, obviously, will be stepping up and providing some incentives, but we will not give away the farm for this reason, stuart, and that is because texas has inherent advantages already built in. we have a low tax regime and, in fact, i just announced that i'm seeking to cut taxes even more. we have far more reasonable regulatory regime, and we've got this, in that amazon officials -- this that amazon officials have told me personally as we were involved in another groundbreaking facility in the state of texas, i asked them why is it you keep expanding in the state of texas, and they said one reason. they said it's because of your superior work force.
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texas has a premier work force in this state. we are cranking out great talent from our universities. texas has all the components of what amazon is looking for. stuart: i know to you've got a plan to cut taxes, and i know you've got a plan to sort of rein in the rate of increase on property taxes. but how are you going to do that? because where are you going to get the extra money from that you do need? is it all coming from growth, growth in texas' economy? >> we do have growth, you know, we have a sales tax here in the state of texas, and because of the growth we have all these other companies that are already coming to the state of texas. we continue to administer people as well as more companies that are abandoning states like california, like illinois, like new jersey coming to the state of texas. and so that growth inherently helps us. another thing that we have, stuart, that relates the your prior segment, and that is texas once again is leading the nation be not the entire world -- if not the entire world with regard to energy production. that helps our bottom line whether it be oil, gas, wind or
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solar. so our economy is on fire. we have an all-time low unemployment rate and a very robust economy, and so our bottom line is looking very, very good. stuart: sir, jeff bezos is the founder of amazon. he leads the company. and he does not like your politics or the politics of donald trump. how are you going to reverse that sort of problem to get him to build his second headquarters in texas? >> well, i don't think that he would be making a choice based upon politics. i think he would be making a choice based upon what is in the best interests of his bottom line. that said, stuart, as you might also know, amazon has acquired or is in the process of acquiring whole foods, and whole foods is headquartered here in the state of texas. is there is a tremendous synergistic effect provided for amazon by doing business here in the lone star state. stuart: well, you've slammed new jersey which is the state in which i live, but, you know, we think you're all right, governor. [laughter] we really do. >> telling the truth.
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stuart: he's telling the truth, that's the truth. governor abbott, thanks for joining us, sir. always appreciated. >> thank you. stuart: yes, sir. all right, check out xerox. activist investors carl icahn wants a new ceo, shaking things up. the stock is up about 1.5%. the dow, the 30 stocks in the dow, several of them today have hit more all-time highs. look at wal-mart. it actually hit 105 earlier. home depot, mcdonald's, coca-cola, travelers, all of them hitting all-time highs earlier today. this bears repeating, microsoft -- and as you know, i do own a little of it -- another all-time high for microsoft earlier, reached above 91 earlier. now go back to netflix. they, too, have hit an all-time high. what is it now, $226 per share. they report their earnings later on today. then we have james comey. he's going to teach an ethics leadership class at the college of william and mary. you know we've got to ask the
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judge about that one, and we will. california democrats have proposed a bill that would have companies that make more than a million dollars' profit from the tax cuts turn over half of those tax cut savings to the state to fund programs that support low income and middle class families. how about that? good old california. and one bar in washington having a little fun during the shutdown, offering cocktails with fun names like to flake or not to flake. [laughter] wait til you hear some of the other names. more "varney" after this. ♪ ♪
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♪ ♪ stuart: as the government shutdown now extends into the workweek, one bar in d.c. offering politically-themed cocktails. here we have drinks like to flake or not to flake, come on, chuck. that's the name of a drink. and have you ever met with a haitian? facetious there. the bar, capitol lounge, it's called, says the cocktails are available every day during the shutdown, $5 for those who share a federal employee, id that is. they used to give them out for free in the last shutdown, but it got out of hand.
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27,000 people in the philippines have been evacuated because a volcano could erupt. the volcano has been spewing ash and lava in recent days, a big eruption could happen any day. nike teaming up with sony for a new playstation basketball shoe. it's called the nike pg ii named after paul george. now, here's how it works. you press a button on the shoe, the playstation logo lights up, and the shoe vibrates just like a controller. would you pay $110 for that? >> no. >> no. stuart: it does go on sale next month. [laughter] predictable, aren't we? now this. cue the music. ♪ ♪ >> oh. ♪ ♪ stuart: okay, okay, okay. >> bond. stuart: right. james bond theme song, right? you got that? why are we playing it? harry styles could be the next james bond. of he was part of that boy band, one direction. he got a lot of praise for his
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role in the movie dunkirk last year. the people behind the bond franchise say styles could play bond in 2022 after daniel craig leaves that office. does he look like a bond? >> i don't know. no sean connery. stuart: no. the ultimate. new text messages between former members of the mule la team suggest -- mueller team suggest that loretta lynch knew that james comey was going to give hillary a pass, and she knew it before that famous tarmac meeting she had with bill clinton. judge napolitano on that coming up. ad lib the markets, it says, that's the script. okay, i can ad lib that. we're up three points. 26,074. no, two points, 26,073. that was ad libbing and a and a half. i'll be back. ♪
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today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. stuart: all right, bringing you up to sd on this, it's almost 11:30 eastern time. we're down 11 but holding well above 26,000 despite three days into the government shutdown. a procedural vote on a plan to reopen the government is going to take place about an hour and a half of from now. let's bring in oregon congressman greg walden. it's got to get 60 votes, congressman. they're not going to get 60
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votes, are they? >> well, i hope they do. i mean, it's senseless, the schumer shutdown makes no sense. this is silly. we should reopen the government, never should have shut it down and make sure that nine million children in america and pregnant women continue to have access to their health insurance through the children's health insurance program. i don't know who objects to that other than the democrats in the senate that shut it all down for other, unrelated issues. stuart: sir, i think that senator schumer shut it down quite deliberately thinking that he would gain political advantage in november, get the republicans to take the blame for shutting down the government. i think it's pure politics, that's my point of view. >> well, i think you're right, stuart, and it's unfortunate that they put children's health insurance in the crosshairs and all the federal work force including our active duty men and women in uniform. this makes no sense. they said that at the time in 2013, that this was idiotic, to shut down the government over immigration then. now they're doing it.
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it is on their hands. and i -- you would have thought they would have learned the lesson the rest of it did that shutdowns hurt everybody and especially the american people and our active duty men and women in uniform and now c.h.i. p, this has always been bipartisan. the money's running out in seven states. you'd think they wouldn't hold that hostage. stuart: forgive me, congressman, but look, i stood in line, i filled out the forms, i took the tests, i took the medical exams, i waited and waited and waited, and i did it legally. now i find that the legal government of the united states is shut down in the interests of illegals. forgive me for getting a little annoyed about this, congressman, but it's personal to me. >> well, stuart, and i remember when you got your citizenship. i think i even sent you an american flag -- stuart: you did, yes. >> gave you a pin. stuart: yes, you did. >> and, i mean, this is the way legal immigration works. we're a country that has grown
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and prospered and been better as a result of a legal immigration system. unless you're native american, you know, you kind of came through a process. that's all we're saying here. and i'll tell you, american voters reflect what you just said. they didn't want it shut down over immigration reform. and by the way, they say, oh, you've got to vote on it. what is it i'm supposed to vote on? i'm not part of any back room deal on immigration reform. i haven't seen a bill, you haven't. how could we possibly to that? how long are we supposed to keep the government shut down to appease chuck schumer? stuart: sir, you are a breath of fresh air from oregon. we're not used to that, but, you know -- [laughter] thank you so much. and thanks for the flag, congressman. thank you very much. >> well, you're more than welcome. stuart: thank you, greg. appreciate it, sir. thank you. [laughter] while the government's shut down, listen to this: nonessential federal workers are told to stay home. judge napolitano's here. and i'm going to ask you the question which you really wanted me to ask -- [laughter] why do we have them if they're not essential?
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>> good question. the federal government is one of limited powers. there shouldn't be any governmental activity paid for by the feds except that which is essential. why do we have it? because the bureaucracy likes another bureaucracy to support and cushion it. stuart: you can never, ever get rid of a government program or a large body of government workers. ever. >> remember what milton freedman said, there's nothing in the world more permanent than a temporary government program. [laughter] by the way, when you were talking through the congressman to oregon and you omitted one thing, you renounced the queen. [laughter] stuart: i was going through the process of becoming an immigrant, getting here as opposed to being a citizen. >> yes. stuart: i mean, you really do have to jump -- in my day, i had to get a police certificate from -- >> yep. stuart: same for you? >> same for me. >> from great britain? stuart: no, no, every place i'd lived for more than six months.
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i've lived all over the world, you name it, i've lived there. >> did the hong kong authorities deny that you existed? stuart: no, they did not. you should try getting a police certificate from all of those places. you had to do that. >> you weren't brought here as an infant. so we're comparing apples and orangings. stuart: that's true. i want you to sort out this mess -- >> it is a mess. stuart: members of the ex-mueller team, they knew the outcome of the clinton e-mail probe in advance. they knew what was going to happen in advance including the attorney general. then the attorney general met with bill clinton on the tarmac. and she knew at the time that she was not going to prosecute hillary clinton, bill's wife. what the devil's going on here? >> i don't know, stuart. there's a piece of the puzzle missing, because jim comey -- when he announced on july 5, 2016, that he was recommending that mrs. clinton not be indicted -- preceded the
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announcement by saying i have not told anybody in the doj about this. yet this was after the infamous meeting on the tarmac. and yet again jim comey when he testified before the senate said the reason i made the announcement about exonerating mrs. clinton is because my boss was conflicted because she had spoken to bill clinton. so there's a piece missing here. i am not surprised to learn that a law enforcement decision was made with certainty before all the evidence is in. that's the way law enforcement operates. but i am distressed at the inconsistencies in what jim comey has been saying. stuart: i think there was a conspiracy to corrupt the american government, but that's my opinion. >> well, there certainly was an agreement to exonerate mrs. clinton no matter what the evidence showed. stuart: exactly. corrupt the american government. >> right. stuart: i've got to ask you about this, james comey, former fbi guy -- >> what is he teaching? stuart: he's going to teach an ethics class at william and mary. what do you make of this?
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>> william -- stuart: unethical. >> it is a fine institution, i believe it is the oldest university, the oldest college in the country, it may even be older than harvard. i don't know how they make these decisions. does it take a perfect person to teach ethics? no. stuart: case closed. [laughter] judge, you're all right. thank you, sir. vice president mike pence, he is in jerusalem today. the visit comes after of the u.s. said it would recognize the city as israel's capital and move america's embassy to jerusalem. former shiloh, israel, mayor david rubin is with us. david, welcome back. i'm going to give you a full-blown question here, because i think there's a delay, so i can't really have a conversation with you. look, are israelis generally happy with america's decision to recognize jerusalem as the capital and move our embassy there? >> the short answer, stuart, is yes, absolutely. with the exception of a few
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anti-israel arab members of the key -- knesset who made quite a ruckus during the vice president's speech, israelis are very happy with the decision on jerusalem. stuart: when is it going to happen? when are we going to put a new plaque up in front of the embassy in jerusalem? >> well, vice president pence said it himself. he said that the embassy is going to be moved. he said it today, the embassy is going to be moved by the end of 2019. and it's a relatively simple process, actually, because there already is a consulate in jerusalem, and they just have to equip it so that it will be officially an embassy. but the president has been very clear, the vice president has been very clear that the embassy will be moved and will be moved soon, and it's a pleasure to see a president of the united states after the eight traumatic years of obama, a president of the united states that stands by his word. stuart: now, we are told that
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this decision will interfere with the peace process, whatever that is. what's your point on that? >> well, the peace process ended a long time ago if you mean the peace process to the create a palestinian state in the heartland of israel. the biblical heartland of israel belongs to israel, always has belonged to israel, and, you know, i heard mahmoud abbas of the palestinian authority speaking a couple of days ago, speaking to the palestine liberation organization's central council. and he told them that there is no jewish history in jerusalem. and, you know, that's kind of like saying that abraham lincoln didn't live in the white house or that washington, d.c. isn't named after george washington. quite absurd. and then he went on to say, he actually made it -- he cursed the president of the united states. he said may his house be
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destroyed. and i don't know if he's making a threat or if he's just giving a nice traditional arab curse. these aren't people that we can work with, stuart, and so i'm pleased to see a little common sense come to the white house, and i'm very proud, very happy. you know, i'm prowz -- i'm proud as one who was born in america and has been living in israel for 25 years to see that the vice president is connected with israel once again, and it's a wonderful thing. stuart: david rubin, as always, thank you very much for joining us, sir. we do appreciate it. i think we got you up in the middle of the night there, but we appreciate it. thank you, david. good stuff. steve forbes, your reaction to that conversation. >> well, it underscores if you want a real peace process in the middle east involving the palestinians, palestinians have to get over the illusion, one that they're going back to those lands they had before 1948 and,
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two, that they're going to destroy the state of israel by making it clear there are going to be no negotiations unless the palestinians are serious and that moving the capital to jerusalem underscores the dose of reality is the only way you're going to ever get peace. ad good dose of reality. stuart: the muslim world of north africa and the middle east is running out of money. let's not forget that. higher profits at halliburton driven by strength in their north american operation, a very solid gain for that stock, it's up 45%. better -- 4.5%. ge, earlier this morning hit the $15 mark, first time it's been down there in six or seven years. it's struggled back now to $16.01 per share. and, yes, while the left tries to take away from the president's success, we focus on prosperity here on "varney & company." the companies on your screen are giving bonuses to their workers. the list grows every single day. we have another company on that list with us, joining us
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actually very shortly on this program. first, though, listen to this. two california democrats have proposed a bill that would force companies that make more than a million dollars from the tax cuts to turn over half of those tax cut savings to the state to fund programs that support low income and middle class families. stay there, we're covering it. ♪ ♪ whoooo.
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♪ >> i'm nicole petallides with your fox business brief. a close look at facebook and the nfl. looks like facebook is not bidding on thursday night's game, package, the streaming package. in fact, when you look at year-over-year ratings for the nfl. it dropped about 10% to 10.9 million from over 12 million. why it's been dropping? well, a lot of reasons. but in the meantime, the company may not be in the bidding war. last year amazon paid about $50 million for the 2017 package, but ultimately we know many of the folks are bidding for it, even cbs and nbc said they're going to bid less than they did year-over-year. ultimately, they may not be out altogether, but they've certainly been paying up for a lot of other things such as major league baseball, soccer, college football. ♪ ♪ this is frank.
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stuart: new numbers show union membershp at historic lows. 10.7% of all workers wronged to a finish belonged to a union last year, but if you look at the private sector, only 6.5% in the private sector belong to a union. and now this. two democrat lawmakers in california are proposing a bill that would force companies making more than a million dollars in profit from the tax cuts to turn over half of their
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tax cut savings, turn it over to the state. the money would be used to support low income families. one of the democrats is on your screen right now. the other, kevin mccarty, that's the other one, okay. joining us now is john cox, republican candidate for the governorship of california. john, how can california do this? you can't just expropose rate half your profit. how do you do that? >> well, i hope these guys are paying attention to it, because california voters are seeing there's just an unlimited appetite for taxpayer money in sacramento. and it's because of what you just said, the public sector union demands for the salaries, for the pensions that, you know, this state has the largest unfunded pension debt in the nation by far. it makes illinois look small in comparison. and so all these legislators are running around looking for more and more revenue. meanwhile, this state has the highest tax rates in the
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country, and it has the most people in poverty, stuart. this campaign for governor is going to be so important to the future of this state because california, the voters of california are going to have to make a decision. do they want to continue down this path and have their population just exit to texas and florida? or are they going to finally do something about the insash bl appetite -- insash bl appetite exhibited by these guys? stuart: john, i've got steve forbes with me, and i want his opinion. i'm sorry to say, i don't see california changing its politics anytime soon, to you? >> no. you saw that back in 2010 when the rest of the country went sharply republican, california's the one state in the nation that stayed really deep blue. and so you're going to have to get a change. and one of the reasons why they need to help low income and moderate income people is they're driving them out of the state because there are no opportunities in california especially for small businesses.
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stuart: it's absolutely monstrous. >> steve and i were jack kemp's presidential steering committee together, and jack was from los angeles. and jack made the argument that this is the land of opportunity, and we have to feed our entrepreneurs, we have to give them the ability and the wherewithal to really make a go in the private sector. i believe california can go that way. jerry brown is the only democrat to really have been elected governor in the last 50 years. and is we've elected some great republicans; reagan, wilson. i think we can again, and i think the voters of this state recognize what these can -- >> so how, john, how, john, do you get this crazy legislature you have even though you have term limit, the same kinds of people seem to go in there. democrats may not get this bill through because they don't have a supermajority so you can block it there, but the republicans are still a very distinct minority in the legislature. how do you get around that? >> well, you ought to talk to
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art laffer who i know you know well -- >> he moved out of california. >> i know. and he endorsed a ballot initiative, a constitutional amendment i proposed called the neighborhood legislature which takes away the power of the unions by making all the districts so tiny, their money doesn't mean anything. and that's the only way california is ever going to get out of its pickle. and you've got to take away the power of the funders of campaigns whether they be big union bosses or big corporations. stuart: you've got an uphill struggle, john, but i want to bring one more story to you. i think you brought me this story. an illegal immigrant, he'd been deported seven time, now accused of stabbing somebody in the neck, i think, in a market in california. what's going on? >> it's a lack of political will, obviously. i mean, the politicians in sacramento are catering to the, you know, the loudest voices, and the loudest voices are the illegal, undocumented immigrants that are filling up these streets.
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meanwhile, the real working voters of california are having to endure this constant violence from -- it's a relative minority of the illegal population, but it's a danger. i mean, the first role of government is to protect its people, stuart. and it's not doing it because the poll to decisions listen -- politicians listen to these loud voices. we've got to address the security, we've got to build the wall -- stuart: well, good luck, john. i'm sorry to interrupt, you know you've got an uphill struggle. >> i'm aware of it. stuart: i wish you the best of luck, and we'll see you again soon. >> thank you. stuart: by the way, 220 companies have now pledged bonuses or wage increases following the tax bill. the latest example is a company called spellx. they're giving bonuses, and the ceo is on this show next. ♪ ♪ achoo!
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there's no enrollment window... no waiting to apply. so call now. remember, medicare supplement plans help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. stuart: whoa, breaking news of some imp. there's a vote in the senate at the top of the hour. the vote is to reopen the government. listen to this. senator jeff flake says he thinks they may get the 60 votes they need. earlier on the program today
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marc short, white house point man on this deal, he said, no, they're not going to get the 60 votes. in those terms. now we have senator flake saying, yeah, they're going to get 60 votes. how about that? we shall see. i have a florida software company that's joined the long list of other companies handing out bonuses, and the ceo is with us now. sheldon wolf joins us. sir, how many employees are you giving the bonuses to, how big the are the bonuses? go. >> well, all of the bonuses are for $1,000, and i'm giving them to all full-time employees. and there's 26 full-time employees. stuart: okay. >> we're a small business and proud of it. stuart: now, did you tell them personally, hey, you're going to get $1,000 apiece? did you tell them that? >> yes, i did. stuart: and what was their reaction? >> there was different reactions, but they were all happy. some of them looked a little shocked. i saw a couple of tears, but
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overall it was a very positive thing for us to do, and it went over very well. stuart: i ask you the question because former speaker nancy pelosi said that these bonuses are just crumbs. pathetic crumbs. what to you say to that? >> well, you know, nancy pelosi praised president obama when they had the payroll deduction that averaged $40 per person, and then she said, of course, the $1,000 bonuses are just crumbs. but we all know that nancy pelosi, the democrats, the mainstream media, everyone can always look for that dark lining in any silver cloud that president trump or the gop can produce. stuart: sir, are you passing along all of the extra money from the tax cut, all of it going to your employees, or are you going to reinvest some and hire some more people? >> well, some of it will certainly be reinvested. it's hard to say how much the resulting tax cut is going to mean because the year is just
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starting, and we'll know more throughout the year and later on in the year. but what ceo wouldn't like to see their employees be able to keep more of their hard-earned money? what see you wouldn't want to see more profit, be able to be more competitive on an international or global basis? we do over half of our business in europe and australia, and, you know, being competitive globally is very important to us. stuart: well done. sheldon wolf, i'm sorry i'm out of time, but thanks so much for being on the show today. it's good news. >> okay. thank you for having me. stuart: yes, sir. more "varney" after this. ♪ copd makes it hard to breathe. so to breathe better, i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro.
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the government up and running again when the vote is held in the next hour. that is very interesting. the senate needs 60 votes to pass it. jeff flake says they will get the 60 votes. that will interesting. neil, you have a show. neil: we're hearing from other senators, stuart, indicating out of this darkness comes a possible light a measure would pass and lead the way to the government opening up for business again. the only detail what time of day that would formally happen. jeff flake says the votes are there. a number on and off the record indicated much the same. a lot was buoyed by the talk that mitch mcconnell made a promise, commitment to have daca-related immigration legislation on tap, ready to be voted on in a few short weeks. the devil is in the details there. but again, this is something that came together literally within the l
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