around, guys, if you watch some of the other guys they look like hostage tapes. [laughter] neil: wherever you are in the spectrum, life is too short not to have fun and i think my pocket square looks delicious. here is stuart. stuart: whatever you say, neil. [laughter] stuart: you have 3 hours of broadcasting left. relax. neil: carry on. stuart: good morning, neil, good morning everyone, friday august 17th, item number one, elon musk does a lengthy interview with new york times, big take away, musk is em oceanally -- emotionally unstable and he says after time at tesla, position is threatened, stock down another

10 bucks, the trump-trade team believes america is in strong negotiating position, china stock market drops again down to 2-year low, they are feeling the pressure. item three, turkey, the president says we will not pay to get the christian pastor out, treasury secretary mnuchin is getting new sanctions ready to go but turkish court rejected appeal to free pastor, turkey feeling the pressure. item 4, google getting pushback from own employee who is object to the expansion into china which requires google to submit to censorship, that's ironic, google employees objected to company's work for america's military. moments from now we are going to show you how the market will perform today after yesterday's very big 400-point gain, varney & company is about to begin. ♪

♪ stuart: okay, president trump fires tweet account, tweeting how companies report financials, quote, in speaking with some of the world's top business leaders i asked what it is that would make business jobs even better in america, start quarterly reporting and go to six-month system said one, that would allow greater flexibility and save money, i've asked sec to study. we will have a lot more on that later, i promise you that. quick check, 50-point drop on dow industrials in just a few minute's time, of course, we were up 400 yesterday. look at nordstrom, this is important, another retailer with much stronger sales, reminds me of wal-mart but this is high-end nordstrom, better sales, a lot of people shopped online, the stock is up 7%, big gain.

the company says demand for chips used in crypto mining has dried up. had been flyer now down to 2%. elon musk interview with new york times i think it's ground breaking garrett is with us. he looks like he's emotionally unstable, should she stay or should he go? >> there's nothing wrong with being workaholic if you can handle. sergio muñoz is good example, he had fatal illness for a year and never knew it, musk problems are just the fact that he's overworked, he needs helped and not getting it and turn to pharmaceutical to help him out. stuart: should he go? >> he should stay but needs help. another perfect example spacex, another company that's running well, has ceo glenn and the

company works fine and he's the ceo, why can't they do that at tesla as well, when you read new york article is there's no possible way that tesla is being run as it could be with elon musk in position -- stuart: he should stay but needs help, do you mean that he should appoint a number two or a number two should be appointed and shunt him in visionary role? >> that's it. tesla is not where it is without him and it's not going to get to go without him. stuart: liz is with us this friday morning, you read the interview in "the new york times", should he stayed or go? liz less he should be chairman, great manufacturing, car manufacturer, i don't think cheryl sandburg. they basically admitted, he basically admitted he didn't have the funding, so this gives agencies as we have said other ceo's to manipulate the market.

stuart: look at that, premarket that stock down again $11 lower as we speak. liz: two separate probes. elon musk was tweeting production estimates, the sec started looking into that, the office, we talked about that early in the week, they had started looking into his very loud disclosures on twitter about what estimates were for 200,000 cars in the second half of 2017 and only -- he's in hot water. stuart: he really is, gary, have you ever seen a car company or a major company of any kind run by a man in this emotional state? >> no, not at all. that's the issue. the issue with the manufacturers and on the other hand personal matters and putting in tough position. stuart: thank you very much for joining us, good stuff. next case, i want you to listen to what larry kudlow had to say about china, roll that tape.

>> spanning six months now, nine months, their economy is just heading south, i'm not a china expert, i will just say that their economy looks terrible. stuart: the operative word, their economy looks terrible. greg is with us with horizon investments, do you agree with that, greg? >> t getting worse, no question about it, talk of layoffs, markets are in bad shape maybe most importantly, stuart, there's internal with academics and policy on what they should do on trump tariffs. so everywhere you look the story is really starting to hurt the chinese. stuart: if we are so strong and i think our economy is so strong and they are so weak, will they blink? >> well, that's the issue, isn't it, you and i talked last week about what cries uncle, i think méxico cries uncle and china

cries uncle. china will take a while. we have a delegation coming to washington in the end of august to maybe lay ground work for delegation in fall. they want to talk and i think that reflects all of the problems that that you just cited. stuart: president trump tweeting on turkey as you know, greg, listen to this, turkey has taken advantage of the u.s. for many years, they are now holding our wonderful christian pastor who i must now ask to represent our country as a great patriot hostage. we will pay nothing for the release of an innocent man but we are cutting back on turkey. treasury secretary mnuchin preparing more sanctions, greg, my question is this, if we apply more sanctions, we could get hurt, america could get hurt in the fallout if turkey really collapses? >> we certainly could, we have military bases there, this could drive turkey into the arms of putin and even the iranians maybe, so there are risks to

this but i don't see end game any time soon, i think this is going to drag on for a very long time. stuart: the fallout that i'm getting at is i looked in the financial times the other day and it says they have to repay $150 billion worth of loans in the next year, that's turkey. they don't have $150 billion. >> right. stuart: they could be facing default which hurts the bank which hurt it is rest of europe, that's the fallout i'm getting at. >> this is going to be a dark cloud. i don't think we are going to see contagion where italian banks or french banks but can't say that for sure in the meantime that makes u.s. safe haven assets treasury in particular continue to be attractive. ironically the turkish crisis will put downward pressure on u.s. interest rates. stuart: you know, greg, you have the unique ability to express complex thoughts in kind of one or two liners, talent that really belongs on television.

>> probably the only talent i have. [laughter] stuart: i didn't say that, have a great weekend. >> great to see you, okay. stuart: google, the parent company alphabet 1,000 employees reportedly protesting work on a censored chinese word engine. >> this is moral and ethical crisis google that you -- bosses that you're building a search engine that would both censor and do surveillance, they send letter in management saying we need to weigh in on this, this is worker and human rights issue, some saying well, if you want to protest you -- if you don't like it you can resign, they are saying this is an ethics issue, here is the other thing, stuart, sergie spent time in soviet union, cofounder of google, with his parents, his yacht is the same name as the secret project dragon fly so

there's a weird coincidence there that his own yacht is named dragon fly reportedly as the name of this censorship project for china called dragon fly. stuart:ly tell you something that's weird, google employees were objecting to google working on artificial intelligence for our military. liz: yeah, that's exactly. basically censored by being fired and they have been accused google itself of censoring conservative views in the search engine results. stuart: i think you're right to put your finger on it. it's an ethical dilemma. that's what it is. check futures, friday morning, of course, where are we going? little bit south, 60 points for the dow, do remember we were up 400 yesterday. do you remember rewalk, the bionitc suit that helps paralyzed people get up and walk, now working with the va to help injured veterans, but i want to know, is the va buying

these suits? we will find out, president trump taking on the opioid epidemic, he wants the doj to sue companies who make those drugs, you'll hear all about that one and kroger, they are going to start testing self-driving grocery vans in scottsdale, arizona, you place order online, deliverless van shows up hours later with groceries. good idea but it's got to be safety concerns, we are talking to the major of scottsdale after this a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

stuart: i do have a john deere tractor, the stock is down this morning, profit fell short, their margins were squeezed because of higher raw material costs and freight costs, you realize that the shortage of truck drivers is factoring into john deere's earnings, stock down 1%, not that much. president trump addressing the opioid crisis, roll tape.

>> i would also like to ask you to bring a major lawsuit against the drug companies on opioid, some states have done it but i'd like a lawsuit to be brought against these companies that are really sending opioids at level that it shouldn't be happening. stuart: do you think, liz that the president just wants to put those drug makers out of business, out of the opioid business? >> you know, it seems like such a tough push because he's calling for a major lawsuit against the opioid makers and, you know, he's saying distributors too, you should be targeted, 25 states are suing, cut the prescriptions by a third, opioid prescriptions by a third but what about the people who need them but there's epidemic. stuart: sue opioid makers, you are to sue them for a lot of money, it's like tobacco. liz: what's the upside of making it? stuart: who gets those pain-killing drug that is they desperately need if you are

putting the company out of business in. liz: perdue, j&j, companies like that too. stuart: we have texas attorney general later on the show, i will ask him the same question. we are back in the news with kroger, testing driverless drive -- trucks, joining us jim lane, mayor of scottsdale, your honor, welcome to the show, good to have you with us. >> great to be with you, stuart, big fan. stuart: okay, you just got an extra 10 minutes. how does this work? supposed i'm a resident of scottsdale, i walk out of my house, i'm in downtown scottsdale, what do i see special lane for the driverless delivery trucks? >> no, actually, you know, it's at a stage of pilot program, of course, at this point but these are automated vehicles but they do have folks in them at this point in time but, no, there's

no set aside, there's a 25-mile an hour limit. stuart: if the pilot program goes well, how long do you think before it's regular delivery service and you'll see a lot of them? >> i think it's matter of how it hatches out, of course, and what the reception in the community, right now we have seen, you know, a demand for this and i think that's why this is coming about, of course, that's the market that they are working but i think that this is something that we certainly would like to encourage, innovation like this has tendency to improve the quality of life, of course, we are always concerned about safety but as a city and as a state we have been very, very concerned about making sure that we don't fork some of the

innovation. stuart: i'm sure you're aware that there was an incident, i will call it an accident involving a driverless uber also in arizona, how do you protect against that kind of accident? >> well, you know, that's the difficult thing to answer obviously, there's always a reassessment of the technology that's working with these vehicles but one of the main things about is, one of the things they'll work through but i don't know that there's ever an occasion where you can completely eliminate the prospect of an accident, one thing we find with automated vehicles or autonomous vehicles is that this is a big safety enhancement in a lot of ways. stuart: do you give them any money to move into scottsdale or do they give you any money to move into scottsdale? >> no, it's a cooperative effect. no is answer to both of those

questions and it's a cooperative thing. we certainly do have a certain amount of exchange with our police department, with our legal department and making sure that our infrastructure and that they're working within the confines of our infrastructure. at this point there has not been any exchange of any one way or the other, we just want to make sure that our neighbors and communities are maintained safely certainly but at the same time and that they're addressing those issues. it's a close relationship and if there's any dedication of anything it's time. stuart: your honor, we just love to see innovation across america and you're in the vanguard and i think that's a good thing and we are pleased to have you on the show since you're a fan of the show we appreciate that. you can come back, okay. [laughter] stuart: good stuff, thank you very much, sir. where we open the markets friday morning, where are we going, down about 60 points, again, i have to say it, not a huge drop

when we were up 400 yesterday. now, one sector of retail that has lived through ice age and the retail ice age and thrived, hardware stores, you don't order that stuff online, do you? jeff flock is in hardware store in chicago, right now playing with the most dangerous toy or instrument or i guess you say tool that i have on my farm, that would be a chain saw, i hope you have -- we will get to you shortly. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.

croretail. a. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

stuart: where should we send jeff flock on a friday? answer the ace hardware convention this weekend in chicago, he's there right now, i believe he's going to show us cool stuff, go for it, jeff. [laughter] jeff: this is where all of the ace owners buy their stuff, each ace store is different. one of the stars is craftsman tools, this by the way, i know you have a real chain saw, this is an electric chain saw and cuts pretty well. this is a whole new line of tools on the part of the craftsman folks bought from

sears to the folks of stanley, a cordless nailer, look at that. you can't even shoot a nail through my ears or whatever, put that down. all of these tools operate on a 20 bolt lithium battery and gives you a lot of power, look at this, a lot of power. make tools in the usa just like sears used to when it owned it back in the day and real quick, i will give you this. cordless tool, there you go, made in the usa, love it. stuart: we have to go. the market opens in 4 and a half minutes, we will see you later, jeff, thank you very much. by the way, we've got the ace hardware ceo on this show in our 11:00 o'clock hour, good stuff. where are we going to open the market in literally 4 and a half minutes time, we will down but not that much, down about 60 for the dow, 67, 25 down for the

nasdaq, back in a moment.

>> there's a lot of news on stocks this morning. there's a lot of news on the overall market. please bear in mind that yesterday at the close, the dow industrials were up 396 points

that was a sell or gain. how does market open after a gain like that? well it's friday morning we've got ten seconds to find out. looks to me looking at the futures we're going to be down about 50 or 60 points but let's see. 3, 2, 1, bang, friday morning we are off we're running in final day of the week and where are we going down 7, down 14, down 19. down 14. down 11 okay kind of undecided here. we've got half of the dow 30 up. half of the dow 30 down and right now we're down .05% show me the s&p where's that thing opening up friday morning? it is down .10% and nasdaq with tech stock where is that? down a quarter percentage point that tells me technology is not looking good this morning but get into that shortly. now you have to look at tesla down it nearly 12 dollars this morning i'll tell you why it just a moment but that's another big loss. look at nordstrom online

business doing very well. it is -- brix and business doing very well and up 6.does that remind you of wal-mart look at apple keeps setting record high this is morning at 213 dollars per share riding high. we've got more on that coming up i promise you. well friday morning, who's with me? most people on vacation but liz is here. christina is stepping into the breach thank you very much indeed and jeff because it is friday. i have to start with tesla. hope you got a chance to read astonishing article interview actually in "the new york times" with elon musk. he comes across in my opinion jeff, as emotionally unbalanced. did you he stay or does he go? >> no he goes and one thing about this article to me there's nothing more annoying than listening a billionaire complain about how hard he works. and how tired he is and he almost had to work on his birthday. elon musk has lost all grip on

reality and this article proved that they did a great job, they proved that number one, he stays at night thinking about short sell ors admitting to stock ma niplation in my opinion, number two, he's saying that he's unbalanced and he's not handling the pressure right. and there's a lot of poem who have pressure and work but when you're in a ceo job with share holders who count on you you have to be on your game he's not on his game. he has togs. to go. >> i think the article a was a bad move on his part and trying to play sympathy card so we feel bad and not just tesla, solar city and companies under his name so clearly spread himself too thin but i agree. i do not feel she for somebody who has to work hard and misses birthday yes doing a financial job creating new product. everything else not so much. and i think he should step down. >> sets a problem for himself when he set the bar high for

himself, and saying i'm taking on the short and take on wall street and when you do that, he's working 12 hours a week he did it to himself. so i think it becomes chairman narrative. >> his use of ambien remember board says wait a minute that's not getting you to sleep but creating late at night twitter storms -- like that tweet. but about marijuana as well. >> he's talking about taking ambien, marijuana all of the stress he has, he has to make decisions on behalf of the share hold percent every day. and he's been making bad decisions and he's been disseminateing information that's incorrect what that article should have been about him talking about how he's going to manufacture cars not trying to make people feel sorry or him. >> exactly. stocks down $12 a share. my producers are prodding me to move on to a l while putting apple stock on screen another all time high this 214 a share. by the way, new iphones just

around the corner they normally introduce them in september of this year. so all right jeff here's your chance is laughing and keep going on? >> apple, iphone is a trillion dollar product they've -- proven that but the that apple has is a lack of innovation to roll out another iphone they're beginning to hope people buy it and hope people upgrade but they need innovation to get to the next trillion dollar. dges not going much? >> no but stall and gotten to this. >> you're going to give him a hard time drk >> it is a long play. apple has more potential people are seeing it as a value stock not necessarily a growth stock based on company has done 23% higher and s&p returned 5% just year to date apple is shifting towards service ises talked about this but haven't talked about augmented reality and cars. that's an avenue for aling to really get in the long term. >> yeah but very, very

long-term. >> wait a minute i have to move on you say you say it doesn't. >> i say it goes higher. thank you very much. you like that concern china and economy is heading south actually said china economy is terrible. that's what he said. would you agree with that assessment? deplorable? >> i agree and, of course, the big -- it is heading south -- the index hit a low, hit a multiyear low what's going to happen with china is either they're going to cave. and give into some of president trump or they're going to continue to see crash and collapse of their economy. i think they're confirming in china what people have known all along, and that's a lot of the chinese economy this so-called growth was completely fictitious. >> every time china does something with currency our stock market gets a hit whatted in august three years ago so we have to watch what they do to

make exports cheaper. >> i think they're under pressure. to cave -- yeah and link. trade talks. but they must not lose face. >> they must -- they won't and it's the question is do they really care that they're tanking stock market to win what they call the trade war? are they really that concerned about their stock market >> -- >> president trump suggesting that companies go to twice yearly financial reporting system. right now quarter you have to report every three months the president is looking at going to every six months. >> yes. so this has been a debate that's been out there i did a story of barry he hates quarterly about quarterly guidance when you wipe out what you wipe out wall street made its money off of this mugs game of expectations and, you know, selling retail brokerage services to big clients that they want. via analyst. so ping, you know, jamie doesn't

like quarterly guidance and neither does warren -- >> it takeses volatility and give us you a better picture of the economy. >> so you go to six months? . yeah. but without a budget. if you do that. i'm in full agreement with president trump. i think that problem is -- in running companies that problem is it keeps people, it keeps executives very short term focused i think it is much better if they become more short-term focused and don't run their company to the numbers. >> one point christina i'm blind for six months you go to a six month reportings -- system. >> you look at history in day treating focusing on long-term it is better not to focus on every single day details and you're taking out volatility. >> fair enough we're not doing much on big board right now up six, with eight points that's all you've got 25,566 i want to reminding you, though, apple did hit all time high a couple of minutes ago 214.

john deere deere and company profit falling short. they've got higher raw trl costs, higher freight cost as well you know that shortage of truck drivers that's hitting john deere deere and company i'm sorry deere and company stocks are down and taces dow stock down 2.5%. chip maker, applied materials -- they gave a not so rosy forecast don't do that down 238%. chipotle interesting story. officials local officials say -- that food kept at unsafe temperatures that's what caused the illnesses at that ohio chipotle. the the company is going to reare train all of its workers starting next week. what happens? the the stock goes up. it is up for 1.25% at 509 in video sales forecast fell short it says nangd for chips using cryptopining has dried up and it has been very high flyer it is down $7 this morning. look at nordstrom strong numbers

from online division doing very well for them foot traffic up too. foot traffic are i say consumer is back when you look at nordstrom high end wal-mart low end. >> reare tail federation says that because tax cuts and they're going out to restaurants more. and you know, you with look at the multiquarterly highs for, you know, home depot it shall certain units and nordstrom kind of positive. >> it wasn't a hangover with from obama policies it was the tax cuts. >> yeah. what do i say to that? >> something positive to say. i have to stay positive is what the e quarter represented is what piballed was going to happen was brick-and-mortar make a comeback and it has as evidence by wal-mart and home depot we're going to see an improvement brick-and-mortar. >> share about j.c. penney. >> you had to bring that up. it will haunt me for the rest of my liewf. >> last word, though, we have borrowing a lot more. it is a great economy but

problem is consumer debt is going up so that's also fueling refining -- it is going to be -- to the mirror to borrow money to spend. i don't have a problem with with that. >> that is great. but interest rates climbing high per it could hurt peel in near term. but we go shopping at wal-mart. >> i have to say thank you christina and thank you jeff, all good stuff on a friday morning. check that big board go nowhere, up 13 points that's all we got. penalty gone postponing the president military parade. president says it is all city of washington, d.c.'s fault. we'll show you what he's tweeting about it on that. and the problems are mount or elon musk and fec investigation and there's a whistle-blower who say that company was spying on employees. does all of that add up to musk leaving the company? that is the story of the day. we're going to ask a former fec attorney about that. in a moment.

not much movement of the overall market look at that we're down .02 that's all you have got 255 but i want to remind you apple did hit another, another all time high, just a few momenting ago 214 on apple. tiffany joining forces with alibaba in china, come on jay willising with to the show. what's going on? >> hey, stuart is that's right this is interesting stuff is. so tiffany is going to start selling its wares on alibaba as that company tries to become the gateway to china for luxury goods big news for -- tiffany starbucks and kroger have done the same you can see stock sup on this news today. the background here to pay attention to amazon has been unsuccessful in launching luxury goods on their site why? because american consumer do shop on the web not as well with to do as chinese kiewrls shopping on the web so we're

going to keep an eye on this and see who else who might bring are to the party. but check out stocks alba down a little bit this morning an we'll be following the story. back to you. >> another ugly chart on alibaba see you soon. president trump tweeting on that military parade. what's the latest? >> he's blaming local d.c. politicians and high costs that they are for the parade. here's what the president tweeted out, the local politicians who run d.c. poorly know a wind fall when given a price for holding military parade they wanted a number so ridiculously high i canceled it nevertheless someone hold you up. i'll instead attend a parade scheduled at duran drews air force bis on a different date and go to celebrate the end of the were on may 11th a ep do something next year when the cost way down and now we can buy more fighter jets. >> so i'm disappointed because i was looking forward it a military parade but not going to

happen. >> 92 million from original 21 million or whatever but -- >> not happening. not this november at least. liz thanks. the headaches are are piling up for elon musk at tesla he gave extraordinary interview with a "new york times" fec investigation and a whistle blower who says company was spying on employees. and look at the stock it is now down 7%, 23 dollars down. joinings now former fec attorney goodie theresa, i want to focus first of all on that "times" interview and musk emotional state he seems to be unbalanced do you think he's on the way out? >> it's hard to say whether or not he's on the way out he's under a lot of scrutiny so i can imagine that he's going to be very emotional, and there's been lots of reports of his finding investors. so whether or not he's on the the way out thereby up to investigation and enforcement

action requires he being barred of being a director of a company then they would also oust him. >> i believe that board ising looking at -- a number two -- a replacement if you will. that sounds like a way out to me. it could be. it is difficult with elon musk being the force behind this company. that replacing him, is not easy or smooth transition any means but you to look out for the benefit of the shareholders and it is a public company and kind of conduct was very irresponsible. reckless, and that's not the kind of conduct that you want to see from the ceo of a public company. >> everybody's lawyering up. that mean it is that tesla is going to be shelling out millions if not tens of millions of dollars in legal fees. and how will feel about that? >> i think that shea they should be happy in the fact that

they're going to be -- these investigations going forward with the lawyers are going to be looking at what happened. and i think they're going to be very upset that through everything that musk has done now there's a lot of costs associated with it. so i think that there's all added cost is going to be very concerning for shareholders. >> after that "new york times" interview -- i am going to be surprised if he can raise the the money that he needs to raise and stay in that position. but that just my observation, i want to change subject for a second because as you know i'm sure president trump has been tweeting on company financial reports at the moment you get a financial report every three months. the president wants to go to every six months. theresa now you worked at the fec and put that tweet up on screen for viewers to read if they wish. but listen you worked at the fec what do you make of a proposal to go to every six months not three months? >> well this proposal is

essential not out of left field and indicated that it was looking at these various changes, there's the regulation a companies and they're already reporting on a semiannual basis with the option to also report quarterly so there's some precedence for this, and i think that a study is a very thoughtful way to go forward. >> what kind of difference do you think it would make? >> well there's always this tradeoff right between transparency, and for investors. and then regulatory burden on the other side so there's always a tradeoff and so -- ing looking at what kind of information people are getting on the quarterly basis and whether or not the semiannual coupled with a really rigorous ak reporting that you do when there's a material event, you know, those two couple together looking at whether or not that is enough for investors. and so i think it is important to look at this as a study a kind of thoughtful approach and looking at the precedence that we have with with regulation a.

>> got it i think it will be a long time coming he comes. indeed thank you very much theresa we appreciate you being here. thank you. check that dow again still going nowhere and right now down 6 points and there's a dead even split between winners and losers in dow 30 and rewalk now that's company that makes bionic suit that paralyze people walk and now working with veterans administration. we're talking to the ceo -- after this. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth...

are you in good hands?

streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today.

we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now.

right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. the market is down a little not much but i want to tell you i keep repeating this. apple reached all time high it is being at 214 dollars a share. now this, a little gee wiz for you why not? that's the nail of the company they make a device that enables people to walk after being paralyzed joining us is reare walk robotic chief executive lare are rei, now, you have a new relationship with the veterans administration. what is it? >> the v.a. issued a a policy several years ago but it only covered people in 23 centers around united states. most veterans didn't live anywhere near it and what they've done is -- just recently issued a new

policy called veterans choice. and you even get it shall taken care of at the hospital near you, the large one of the 23, but if you don't live near it then they have spokes and local hospitals so you can get a paid for where you live. >> so wait a minute, the v.s. a paying for your xo skeleton operation, the suit. >> for the suit for veteran that's really for the veteran. >> how much? >>it is about 70,000 and five yr policy to take care of it so a total of 700,000. >> that's what it cost the the a., however, there's our guy. gene -- walking down the hallway. walking very successfully i might add. gene can you hear me? >> i can. looks to me like you've lost a lot of weight since you were on this show last time. 52 pounds down. and is that because you're walking like that? >> yeah. this has been a bug plus, yes. >> it has really changed your life. >> it has, it has given me another chance to say i always

have to exist in a chair and participate in life. >> the suit, i'm going to call it a suit for more of a better word it moves your legs for you, does it? >> yes, it does. propels forward i have to find have my at the right place -- >> are you a veteran, sir? >> yes, i am. >> and v.a. pay the for this? >> they did, and how's it going, i mean, you've made real improvements you really have since last time you were on sh show. a long time ago, walking with difficulty now i see not so much trouble. right? >> yeah. this is something like -- riding bike more you do it better you get at it. trying to balance from waist down is hard but you relearn which muscles like muscle memories to use to maintain that balance after a while get better and better. >> gene that's great -- really happy to see you. i want next time you come i expect you to be down about another 30 or 40 pounds.

walking okay -- thank you very much indeed for joining us, sir, last question larry these things cost os 70,000 throw in policy and it is 100,000. how do you recoup that? >> well, things that change in their lives production many medication, reduction of hospitalization, this device is going to pay for itself for most users what's really important now that we have v.a. covering for everyone we have coverage in germany. we've had 42 u.s. insure paid for by case by case basis and to be king the because people get it others don't. >> still going. welcome back -- larry and we will see you again and that's a promise. gene keep going there fella appreciate you being with us. >> thank you. what's next i'll tell you editorial on elon at the same time his personal behavior may be the biggest.

♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest.

>> elon musk is brash, he's con

contentious and easily high profile business guy in america today. that has now made him a rgt tay and he is clearly feeling the pressure. the investigations, the lawyer, piling on, and in extraordinary interview with "new york times," he appears emotionally unstable. during thushz's interview he had alternated between laughter and tears. describing his 120-hour workweek he choked up. he said, from a personal pain standpoint the worst is yet to come. he acknowledges use of ambien to help him sleep some board members choir that instead of sleep, it contributed to erratic late night tweets. he acknowledges that 420 price tag for privatization led to 420 that's code for marijuana. but he insisted he was not stoned when he wrote that infamous tweet about funding security. ominously for musk the tesla

board has been searching for a number two. musk told "times," quote, is there someone who can do the job better? that's when asked they can have the reigns right now. that's what he said. he may be on the way out. not necessarily out of company entirely. but perhaps pushed into the role of visionary rather than chief executive push may come to shove and authorities are questioning that funding secured tweet which he wrote while driving tesla to the airport. if he can't show he did indeed have the the money lined up he could be charged with fraud. they're also questioning model three production forecasts, most of which turned out to be wildly optimistic on top of that a whistle-blower at the factory who says management spy on employees. but it is musk's state of mind his personal behavior, that may be the biggest problem. the "times" interview concludes that with the stock in turmoil and company under intense investigation, muck acknowledges he is, quote, fraying that's not

good. second hour of "varney & company" is about to begin. all right, breaking news as it happenses on the economy. this is consumer sentiment. >> slightly worse than expected coming in at 95.3 looking for a read of 98 what does this mean? not really serious about inflation. not really serious about, you know, the economy going down. it's tariff thing hanging up. a little fear about that. >> zero impact on market it is now down 2 points on dow industrials. right? what do you say in. >> no i've had a producer in my ear as usual. all right. [laughter] all right lizzy ear -- so -- big tech names you have it check them we do. standout clearly is apple hitting yet another all-time high on pace for fourth straight

record close 214 a share. that's apple right now. in video sales forecast that's fell short -- it demand for its chips they used in cryptomining business, that's dried up. the stock has been a true high flyer, it is down 4% as of now. that's $10 down. nordstrom that what you're looking at is a year and a half high, it has got high sales growth lots of people shopped online and look at that stock reacted favorably to the news up nearly 10% again it reminds me of wal-mart low end wal-mart up high end nordstrom up. price of oil what is it? 66 per barrel pl bot to get back to tesla and elon musk and whether fit to run a company in his emotional state. market watcher david is with us now. is he fit to run the company in current emotional state? >> i don't know enough about the real emotional makeup. i think -- you do. you read the article is -- fit to run the the company or

not? >> i think we know enough as far as the actual behavioral maturity this is unacceptable behavior. the tweet was unacceptable and thing in the article you didn't get a chance to do in your comments this is on the short sellers is silly. no news becomes bad news because someone thought that it will be. you prove them wrong or you don't and short sellers are not making it hell because they're betting against him. people getting at him short sellers and people think stock is going down. so way to overcome it is so overperform and prove them wrong. >> so bottom line in current emotional state he's not the right guy to be in that position at tesla. you agree with that? >> i wouldn't even render an opinion he's creative genius we were talking offset peril to steve jobs at apple you have a genius but a difficult personality. they got a manage it but the the way he's behaving is a public ceo is unacceptable this is involved we'll see what happens.

>> leave it at unacceptable. >> unacceptable behavior that doesn't mean she shouldn't be that ceo. >> that's fine. i tethered that okay. >> i want you to address something that president trump brought up this morning. i'm going to put he's tweet up on the screen so everybody can see it but gist is he wants -- thinking about going to a six month reporting period opposed to leap months that we've got now. what say you? >> he's asking fec to look at that what it would look like and my thought it was interesting the tweet. it was like silliest reason i could imagine but a intelligent potential policy. in other words, this idea that the business leaders are saying this is what will create more jobs, i mean, it doesn't make any sense. [laughter] but i very much agree that it would be some form of remedy against a short-termism and i think there would be a benefit in the markets to them having a long orer time period and not being so caught in the shorter window but a six month window,

that risk is my view of how the company is performing me as investor but leaves us blind and it leaves us at the mercy of the analysts because they're the ones who are going to give reports frequently. >> i mean i think that right now -- we're already at the mercy of what the companies are saying and in the three month window that is highly fallible because kirks change so it limits what will be there and what they're saying so better information every six months than worse information every three months and i also don't believe investors should be investing in 90-day windows and that's government business if someone wants to do it they can do it but from my vantage point healthier to reduce volatility in the market. >> you're a long-term investor. all are stuart that's right. >> there are traders and investors. and you said investors so -- >> i am like you. all right got it china reopening trade talks this month.

let's just -- i want to speculate this for a second and hate speculation but i'll do it anyway. if there were some kind of deal with china -- what happens to the stock market? >> i think you have to taste yesterday of vulnerability which is by the way too directional. there's such a -- ability for a melt up in the market at announcing some sort of big comprehensive deal. there also is potential of a meltdown if they were to say we're at a stalemate and comien is doing this and that fear of some sort of erratic response, but i'm talking about the fear to the upside right now the shorts are petrified you have a 400 point move up yesterday on the talk of a potential prelimiy meeting i think that's how significant this trade tariff issue is in the market. it has priced it in a lower level of evaluation, and that once they can remove that, natural direction of the market because the economy is so healthy corporate profits are so

good, would be significantly higher. i don't know if we're going to get that. i believe we will eventually but not happen for the midterm but -- >> if you get it you're talking melt up that enmoos a big rally. >> that's exactly right. okay let's leave it at that. end of speculation. dave you're all right thanks for joining us now this nancy pelosi facing challenges both sides. the republicans have her a target in the midterms and the democrats are looking maybe to replace if they control house of a the midterms. tammy bruce independent womens voice president, you know she can't win can she? she's under attack by republicans and if she does become the speaker, she might not become the speaker she's attacked by democrats. >> l republicans love her, though, she's republican favorite for obvious reasons but not going anywhere. the rhetoric you're hearing now is to help individuals who are running for office who feel that they need to distance themselveses from her, for some

reason for whether it is because they're in a district that means left or they're going against someone, of course, in the midterm who the president reports -- but she's allowing them to do this. now one of her aids has had come in and said well maybe i would run against her. because of pressure from the black congressional caucus but he wouldn't be saying that unless she allowed him to say that and told individuals running go ahead to run against me. if this will help you because we need to win but here's the democrat -- the conundrum they need her there's no other leadership. this is how in bad shape and she's with the governor of california and she'll raise a without the democrats are in bigger trouble. so you're hearing all of this stuff from internally -- at which is theater for the midterms nancy pelosi will go nowhere. it will be like what they did with obamacare and campaign on doing x, but when they get in

they won't, and this is where everybody has got a problem with congress in this country because of how they approach election. >> trying to work out exactly what's going on here. if the democrats win control of the house in november, then she would be the speaker of the house. but she has to stand for election -- >> that's correct. to be the leader of the party. >> the winner of that election. now if you have a wave of -- people like xangd ya and cortez winning the left. but they won two out of the 5 individuals that they endorse you're looking at the republicans of one what was it, eight out of nine special elections. there is not a wave of people going in there that are presenting new leadership. or new vision, that's not going to happen it is going to be the regular and if you did want to vote someone else in you're voting someone many to raise money and win electionings. if they have won elections then nancy pelosi is also right back in and the left will not have enough push to change those

numbers so any dynamic. number two in the house if she blames speakership. >> this is where clayborn comes in he's not going to run against her. it is a teamwork both by the way in next term be 80. >> he's 78 now. steady hoyerer is 79. nancy pelosi is in late 70s. it is the same team. but it is it the same -- it is the same team, and neither one of them can raise money like nancy can and look forward to that but she will not be a speak er of the house but be of the democrat who is continue to lose. >> thank you. thank you tammy bruce we have a big hour coming up for you it is friday. we're talking gaming. billion dollar business and then some. china reported and not approving games those electronic games that could be bad muse for gaming companies here. we've got a report on that. president trump urging jeff

sessions to sue opioid makers a number of states have gone after them on their own like texas. we're going to talk to texas attorney general on the show today. if there's something that upsets a rescue guy is when people are not being safe with food. watch this. >> nobody -- well -- [inaudible conversations] he's on the show, john taffr will talk to us about chipotle people got sick and food kept at unsafe temperature and keep you waiting for john, you are watching the second is hour of "varney & company," traffic in new york city. who would have thought? [laughter] this is not a bed.

it's a revolution in sleep. the new sleep number 360 smart bed is on sale now, from $899, during sleep number's 'biggest sale of the year'. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to put your pedal to the metal. and now, all beds are on sale. save 50% on the new sleep number 360 limited edition smart bed. plus 24-month financing on all beds. only for a limited time. sleep number. proven, quality sleep.

this is just coming out now tweeting governor cuomo wow big push back of new york for really dumb statement i've already made america great again look at the markets, jobs military, setting records, and we will do every better andrew choked badly. mistake. down 27 points not a big selloff up nearly 400 yesterday. deere their profit falling short higher costs nonetheless, the stock is now up. it had been down 137 deere let's get to electronic game. china reportedly has not approved any new game licenses in about four months. come on in gail dickey gamer world use entertainment world chief why if they haven't

licensed new games in china, why is that a negative for gaming companies here? >> hi stewart great to be back here. i don't think it is a negative for gaming companies here at all. i think it's a positive well planned out by china. i think it is a film for u.s. to potentially look at gaming market share while they are taking a break. the break is really for me it looks like it is moral, political, and financial issues, and -- stuart: are they trying to protect the gaming companyies that create these games in china? is this a protectionist move? >> i think it's a pause to look at the moral, financial, and like ashley mentioned the other day they're looking at the violence in games and addiction of movement as they call it. and then you know politically it is a chance for president shi to give his people in power to take a look at them.

it is no secret that xi so e sports is coming into a really big time here in late 2018, 2019 with vetting financially he have to figure out how to monetize the darling of the gaming universe which is fortnite so we're going to see i don't think it is going to a long time but i think they're taking a pause. i don't think this is off the cuff move at all. i think that they are going to already be planning to most of ahead. i read yesterday that there's a green channel process by which you can monetize a month before your approval. so they're already moving forward. >> what's this i hear about the possibility of -- [laughter] you know, what's coming e-gaming in the olympics? first of all i don't think it is a sport but that's my opinion. what is this about? is this going to happen? >> i'm so glad you asked this. yes it is going to happen.

and i'll tell you why, obviously, it is my opinion but i'll e tell you why. viewership is down in the olympics you need 18 to 35-year-old demos when it comes on in france in 24 it will beest selling ticket we've ever seen through olympic games so it is all about revenue and best thing or for the sport. >> it is not a sport. you can't -- you can't say it's a sport. a wonderful pass time like chess but not a sport. >> a skill based sport how's that? >> okay. [laughter] okay. very good. >> i wasn't ready for that actually -- [laughter] i wasn't ready but that's right. so you really think it is coming? that's a really surprising to me. >> i do. but think about it from a media standpoint it is all about viewership and sponsors where better to get biggest viewership in the world and biggest similars for sponsorship than to put e-sports in the olympics with legal lemgd and great games to watch in the stadium.

going to happen stuart. >> making far too much sense okay. [laughter] great to have you on the show -- >> i'm just working my way -- my way to the seat to your right. >> oh, well what -- come to new york and you can sit right next to me if you like. a whole three minutes. lucky you. >> thank you we'll see you soon. thanks a lot. next case -- >> thank you. >> google watching you, we brought you the story earlier this the week. even if you shut off your location data, it could still track you. well, now google is clarifying that. we will bring you the clarification. ♪

you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. you wouldn't accept from any one else. why accept it from an allergy pill? flonase relieves sneezing, itchy, watery eyes and a runny nose, plus nasal congestion, which most pills don't. it's more complete allergy relief. flonase.

this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. yeah, i got some financialbody guidance a while ago. how'd that go? he kept spelling my name with an 'i' but it's bryan with a 'y.' yeah, since birth. that drives me crazy. yes. it's on all your email. yes. they should know this? yeah. the guy was my brother-in-law. that's ridiculous. well, i happen to know some people. do they listen? what? they're amazing listeners. nice.

guidance from professionals who take their time to get to know you. zoe kitchen you heard of them fast casual restaurant chain e they have agreed to be bought by the group they're going to pay $300 million look at the stock it is up 34%. by the way, the browp is a mediterranean brand chain, combined they'll have over 300 restaurants. i wish i had known about zoe kitchen earlier up 34% now this. google -- it is verified how users after an investigation found that some google apps automatically saw location data even if you shut the thing off. christina back with us. and i want to know what is the clarification. >> the clarification is google is admitting -- that yes, all some of the apps do track you so they did change language and changed one

sentence saying this does it not affect other location services on your device so what does that statement even mean? it means when you go you click off your location history, other apps can still track you. so you are searching for chocolate cookies you want to box you will save that and looking how to get to nearest subway station, it will save that location unless you turn it off. so that it can literally track your every day move. our privacy is just out the window and it's not just google. you've got facebook that is tracked us before. and why are they doing that in advertising revenue. >> of course. the more direct you are when you know a person is walking in this location, and metropolitan midtown, manhattan okay let's -- you know send some ads for stores and strawngts. >> i feel like i'm in the matrix. one quick question if i turn the whole phone off, i shut the thing down. do they know where i am? >> they say no but there was an issue with cell phone towers even if everything was turned

off supposedly the google could track you. but they are claiming they issued a statement about that actually that they -- that's not true at all. not true at all. >> paraphrasing right now. but thank you. very good. [laughter] turn it off. get off my lawn. [laughter] stuart: florida serious stuff declaring statement of emergency over algae red and green i want to know if anything can be done right now? we'll talk to a congressman who has some solutions whether he can fix it right now is another story. gets yum set when food is mishandled watch him go right there. i want to know what he's going to say about chipotle which did make people sick from mishandled food in ohio. he's up next.

how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. . . - well if you're paying attention to the news, even a little bit, you know that many economists feel like we're on the brink of a complete financial meltdown. now, the questions is "what's gonna be the catalyst?", that one piece of the puzzle that begins the next recession or even depression? our markets are currently experiencing the longest bull run in history, and no one believes it will go on forever,

including me. it's no secret i love to play games, and i've made a pretty good living doing just that. but when it comes to my financial future that's something i don't want to play around with. it feels like our current economy is built on a house of cards. what will be the one event that causes the entire thing to come crashing down? our national debt is growing faster than ever before, we're well over 21 trillion dollars. our unfunded liabilities total more than $113 trillion. the stock market been going unchecked for so long that a major correction is long overdue there. so will it be the housing bubble? maybe a trade war? a fail in the banking system? and unexpected action by the federal reserve? a terrorist act? or maybe it'll be the cyber hacking of our biggest institutions. you know the plan truth is no one knows which will be the one card that brings it all crashing down, and when that happens how will the markets react? will your money be safe? if you're interested in wealth insurance for your portfolio, and you don't know where to start,

pick up the phone right now and call america's gold authority. - [male narrator] today u.s. money reserve is releasing official gold american eagle coins at cost for the incredible price of only $129 each. these government issued gold coins are official u.s. legal tender made from solid gold, mined here in america and fully backed by the united states government for their gold weight, purity, and content. do not delay, call now to purchase your gold american eagles for the amazing price of only $129 each. - so don't play games with your money, make the call today.

♪ stuart: i believe this is a favorite in eastern europe. after all, why not? love that song. president trump about to leave the white house. going to joint base andrews. from there he will head to the hamptons on long island. he will meet supporters. he may speak to reporters. he usually can't resist. if he does speak, you will hear it as it happens. check that big board. we are not going very far thus far on this friday morning. we're down 22 point on the dow. that is a fraction, .1 of 1%. big tech names the movement is in apple to the upside, another record high. $214.74. facebook, amazon, alphabet,

microsoft on the downside. dean foods, what you're looking at is a seven 1/2-year low, why is that? jpmorgan said sell it, down it goes, 5 1/2%. now this, fannie mae will offer loans if you just put 3%down, how about that? come on in, "bob massi: the property man" joining us right now. when i saw that, first thing crossed my mind, here we go again. that kind of loan, with small amount of money down, that started the financial crisis 10 years ago. what say you? >> we, stuart it is happening all over again. i have a saying a pig swells, a hog chokes. people want to own homes, if they can meet the criteria fannie will let them in and we have this going on not only with fannie, you and i chatted a couple weeks ago, wall street is back in the business. they're doing home equity loans

all over again, seven-year calls. the same thing is happening. they know there is appetite for people that want to own again. as a result they're making it easier again. that is frightening to me. stuart: suppose you put 3% down, fannie will look at you and say, can you afford the 97% monthly payments? and they're going to look at your income. they will not take liar loans any longer, look at your income, if you can meet the monthly payment, they are going to say okay. what's wrong with that? >> well what's wrong with it, they're putting a lot of faith in the homeowner and putting a lot of faith that the expenses that the homeowner has today the way it fits in loan-to-value and their debt service outside of a potential mortgage, it will not potentially increase. at least from what i read so far, where is that little area of, well what if there is an emergency situation? the one thing that we learned over the last several years,

stuart, is nobody had any rainy day money at all. as a result they throw this back into the system and they're basically counting on the homeowner to be very conservative in the way that they handle their debt. in fact they're not being conservative. stuart: point to make. you got that right, bob. all right. earlier this week we reported about there are a lot more million dollar real estate markets. in other words, we added 23 areas towns and cities to the million dollar club. >> yes. stuart: where the homes have a median value of a million dollars. we added 23 towns and cities to that list? what do you make of that? that is awfully rich marketplace, isn't it? >> welsh i always look at these numbers and i say to myself, are they fictional? the old saying a house is worth as much as somebody is willing to pay for it, and if in fact these values are the way they

are, just take california, which again we chatted before they're completely out of control, then the bottom line is, they're increasing in california but are they real values? will they sustain themselves? what is the resale value of these homes over time? and that's again, my concern. these values are going up and up but how real are they? we're only going to find that out when these properties are put on the market to be sold. then we'll find out how much are they really worth, how much is somebody willing to pay for them. stuart: i have great faith in the market. look, there was a blip, terrible blip in '07, 08, 09, i got it, we all suffered from it. that was an exception to the rule of 50, 60, 70, 100 years that the home you buy will inch up in value. >> you know what, stuart, it is not that i'm not optimistic, but what i'm seeing human behavior

all over again. these lenders getting back into the game and wall street getting back into the game and i'm not sure the discipline is there. everything, so many places are exploding in development. i mean it's crazy what is happening in this town right now. i can't even describe it to you. i was in san diego two weeks ago doing research. crazy over there. new mexico, arizona, phoenix, scottsdale. building everywhere. i just am concerned in two, three, four years, we have another issue. maybe not to the extent that we had but surely we have to be concerned that we don't overbuild and oversell again. stuart: raise that red flag, bob massi. you're doing a good job with that. thanks very much. we'll see you on the weekend. that's a promise. bob, good stuff. >> thank you, sir. stuart: our next guest, i'm really switching gears here. the market is not doing much. our next guest is all about food

safety. listen to this again. roll tape. >> i watched you pick up raw chicken, all night in your hand and then touched cooked food. do you know how bad that is? look at the filth everywhere! look at the filth in here. look at the filth in here! just keeps getting better, guys! this place is dangerous for christ's sakeses. nobody eats this frikin' food! stuart: he is a screamer and he is big on food safety. and his name is jon taffer, the "bar rescue" guy. he has a big smile on his face this morning, thank heavens. don't think of me. what do you think of chipotle? food stored at the wrong temperature that is what led to the illness in the place in ohio. what would you say to them? >> well the sad part is, that should be the easiest part food safety to handle. digital thermometers in places.

chefs should she thermometer on their sleeve. when there are thermometers the team is trained to look at them. we should have no issues. it is really simple to manage. the good news, one restaurant out of 2400. remember, stuart, they had the e.coli breakout. this is now a second health issue with chipotle. stuart: yet the stock is completely recovered. on our screens right now, i don't know whether you can see it, jon, it is over $500 a share. it has come back completely from the e.coli problem from the past. here is my question, jon, how many people actually check on the food safety notices which restaurants have to put up? i got to tell you i don't. i walk into any restaurant. i never check that kind of stuff. am i crazy. >> no, you're not crazy. my favorite pizza place in la has a c on the window. i to to in all the time.

chipotle has new leadership. he is a solid restaurant guy from taco bell and pizza hut. i believe this will be rectified. i think we'll see more thermometers in more chipotle stores very soon. stuart: they will retrain all the workers, all across the country, everybody works at chipotle restrain starting next week. that could do the trick. that is a pr thing. they have to reassure the it will not happen again. >> if i was the public i would look for thermometers. chains can put in alarms when temperatures go wrong. thermometers turn colors when it is wrong. this is easy to manage. not only employee training but giving them the tools of visibility to see it when the temperature gets into an unsafe zone. just yesterday i went to one of their units. i didn't see a lot of thermometers around the that worries me. we need to see the thermometers and have the staff trained both. stuart: back to the video we shown our viewers you throwing a

fit when you see food unhealthy stuff. is that an act for television or is it you? >> no, it is me, stuart. what you didn't see in that clip was my daughter, my own daughter was sitting at the bar and that food was going to her. she was going to have raw chicken. when somebody is so irresponsible that they will get somebody sick knowing that they should have washed their hands or should have but though chose not to, i get really angry at that. that is neglectful. that is irresponsible and i think it is almost criminal when somebody gets sick in that kind of way. stuart: welcome to the show, jon. i will have you back soon in good mood i take it. jon taffer. see you soon. >> good to see you, stuart. stuart: yes, sir. what do we have coming up for you? ben carson, housing and urban development secretary. he is trying to roll back obama-era regulations. he wants to make it easier to

build affordable homes. iii want to know what regulatios he is rolling back in our next hour. president trump wants to sue the opioid makers. texas is one of the first states to sue those companies. attorney general ken paxson is on the program. he is next. diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, significantly reducing the risk of dying from a cardiovascular event and lowering a1c, along with diet and exercise. this really changes things.

jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. man: ask your doctor about jardiance and get to the heart of what matters. ♪ liz: in the last hour market watcher, greg valliere, he told us he agreed with larry kudlow's

statement that the chinese economy is in terrible shape. roll tape. >> it is getting worse, no question about it. talk of layoffs. their markets are in bad shape. maybe most importantly, stuart, there is now internal dissension with some academics policymakers disagreeing what china should do with the trump tariffs. china doesn't like internal dissension. everywhere you look this story is starting to hurt the chinese. stuart: if we are so strong, i think our economy is so strong, and they're so weak, will they blink? >> that is the issue, isn't it. you and i talked last week who cries uncle. i think mexico cries uncle. i think china cries uncle. ♪ health and fitness is a big part of my life.

for 14 years, i played professional football and i thought my health was perfect. then i had a screening and doctor's discovered i had a serious medical issue. unfortunately, it was the end of my football career, but if i hadn't been tested it could have been the end of my life. i believe in preventive testing, it saved me. many health issues like mine have little or no symptoms. life line screening goes beyond your anual check-up to tell you what your body isn't. call and schedule an appointment. call right now and save over 50%. just $149 for 5 painless screenings including an ultrasound test that actually looks inside your arteries for plaque that builds up as you age, increasing your risk for stroke and heart disease.

after all, 4 out of 5 people that have a stroke, have no symptoms. if you're over 40, take control of your health today and call life line screening. life line screening. the power of prevention. call to learn more. stuart: the equipment-maker, applied materials gave a not so rosy forecast. as a result the stock is at a a one year low, down 8%. nvidia says the demand for chips it makes goes into the crypto mining business, that demand almost dried up. nvidia is down very strong 4% lower. $11 down. president trump, he wants the feds, that is, to sue opioid makers. roll tape. >> i would also like to ask you to bring a major lawsuit against drug companies on opioids.

some states have done it. but i would like a lawsuit brought against these companies are really sending opioids at a level that it shouldn't be happening. stuart: bring in texas attorney general ken paxton. mr. attorney general, welcome back to the show. >> thanks for having me on. stuart: are you trying to put the opioid makers out of business? >> no, but we're trying to hold them accountable for lying to doctors and getting hundreds of thousands of people addicted to these painkillers. some have lost their lives. they need to be held accountable for lying. stuart: if you take the money off them, what about the people that need opioids because they're in dire pain? >> there is no doubt, there is a balance here. opioids have a legitimate use and we want to make sure that use continues, but at the same time, we have evidence that they

have lied to doctors and really put a lot of people in a bad situation with addiction and sometimes with, you know, as i said, loss of life. it is definitely a difficult issue. stuart: is this a bit like tobacco you take a ton of money, you put the money into treatment? >> that would be my goal. obviously the legislature in texas would decide how to use that money but would be my preference the money we get from opioid manufacturers help people ha need it the most that relates back to people that need the problem. stuart: hold on a second, mr. attorney general, i want to run a clip about a editorial i delivered about monsanto and the weed killer roundup and the lawsuit. roll tape, please. bring your case to a sympathetic jury. then put a plaintiff on the stand who will get a lot of sympathy. make sure you have an unpopular villain to go after, and don't forget to use emotion, not fact, to win the case.

there is no scientific evidence that roundup and its active ingredient, guy foe sate has a connection. a lot of viewers responded. this came from anonymous poster. stuart needs to do his research when he attempts to comment on a topic he obviously knows nothing about. stick it to the stock market and, then we have tony who says, i have used roundup for 40 years. no health problems and no weed problems. so what is your response, mr. attorney general, when i go out there and say look, don't bring your junk science into the courtroom and don't mess with american business when you have no grounds to do it. that is my position. how am i doing? >> you know what? i think you're doing pretty good. there is no causal relationship right now between cancer and this product, and to give a jury verdict of 289 million where

there is no causal relationship, to me seems ludicrous and obviously does affect american business. it affects consumer's ability to get these types of products in the future. so, i absolutely agree with what you said. stuart: am i right to say texas was way out front with this, cutting down on junk lawsuits, frivolous lawsuits? you've been doing that for years, i think, haven't you? >> it is true. in 2003 we passed tort reform. it was a major effort on the state's part because we want courts to be open to legitimate lawsuits but at the same time we have to balance that with ability of companies to operate in our state, provide jobs and create products. and so there is definitely a balance. some states have chosen to open their courts to frivolous lawsuits and award, you know, verdicts like this. stuart: what do you think of the english rule, loser pays? >> you know, i'm definitely open to it because you can go through

obviously millions of dollars of litigation coasts with no merit at all and there is no recovery unless you have some type of provision that allows for loser pays. i wouldn't mind at least considering that. i wouldn't stop the legislature. i would encourage them to look at it. stuart: always good to know that i'm on the same page of the attorney general from the great state of texas. >> i am happy to know that too. stuart: i'm happiest of all, believe me sir. ken paxton, thanks for joining us. have a great day. >> thank you. stuart: next case, florida. they declared a state of emergency over algae. we'll talk to a congressman who is working to fix it but i want to know, can he do anything right now? can you spray this stuff or something? we'll be back. ♪ year, i am sorry about that.

[music playing] (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event.

stuart: president trump speaking to reporters just before he boarded marine one, we're waiting for the tape. meanwhile, i got this from blake burman, who is there, he is telling us what the president said. the president would like to see

companies go to a six-month earnings reporting season. that means report twice a year. he says the ceo of pepsi, indra nouyi, suggested that to him. he is considering taking away security clearance for bruce ohr, a former deputy attorney general. he says robert mueller has a lot of conflicts as well. i don't have that right now. we'll bring you his full comments on tape when we get them. that should be momentarily. the state of florida has a state of emergency because of the toxic algae bloom. killing animals, really hurting tourism. congressman brian mass, republican from florida joins us now. first of all, congressman on the phone, you have a plan to fix it. can you outline the plan real fast? >> certainly the outline of the plan is this the corps of engineers can release the waters

full of algae bloom. they don't do it that is the solution that doesn't cost a dime this is all about better management of those waterways and being a responsible steward of taxpayer dollars. stuart: would that change the situation quickly? if you reverse the flow, manage the flow, would that fix the bloom on our canals right now? >> it doesn't fix the fact that there are algae blooms. it fixes the fact where they are located. go to the beaches on the east coast and west coast of florida with dying sealife. this is what that situation fixes. so that you don't have it affecting epicenters of human population because that's what is going on right now. they try to share the algae plumes across the state. it is devastating to our economy and our environment and the areas that they affect as a whole. stuart: you say manage better the waterways. do you need legislation to do that? or can you get a command from the governor to do that? >> this is work that has to be

done both at the level of the governor but also primarily with the u.s. army corps of engineers. the u.s. army corporation of engineers managings our florida waterways on one specific goal. that is to make sure there is flood control. there are not people get drowned out during a hurricane. so the simple math on this, less water equals less risk of a flood. during the dry season, the corporation of engineers tries to keep our waters artificially high instead of reducing the risk and lowering those waters when they could do it, bring it up to emergency every year. what we see going on. this could be fixed without spending a dollar. stuart: congressman, really good to hear someone has a fix that is workable and doable. congressman brian mass, republican of florida. thanks for joining us. >> all the best, stuart. stuart: yes, sir. we have a trump economy firing on all cylinders. excuse me? okay, now we got the president, we got the tape from the president and that is going to

be coming in just about 90 seconds. so i'm going to hold on to wait for the tape to come in. not going to take a commercial break because this is important stuff. i will show you the big board, which at the moment show as 17-point gain for the dow jones industrial average. this is a wrap-up what is going on first thing this friday morning. the price of apple's stock, earlier today, it hit another record high. it moved above $214 per share. that is, that is a new record high. i believe it is on track for its fourth record high close in a row. apple has had a pretty good week that would not be true of the rest of the big technology companies, which are in retreat this morning. not up by much but there is a element of retreat. i want to point out nvidia, that is a company which makes chips and material for the bitcoin and the blockchain business. that is very important because that business is not doing well

for nvidia, and that has taken that previously high-flying stock down a peg or two. i am waiting to see if it has real impact on the bitcoins of this world and cryptocurrencies. if demand for the chips that go into that business is drying up, does that mean that the price of the cryptocurrencies is coming down, and the business itself is drying up? i would like to know that. at the moment bitcoin is around 6,000 bucks a share. liz: applied materials as well. stuart: that is true. applied materials as well. we're up 21 points for the dow industrials. as i said we are waiting for that tape from the president. i have got the headlines on what he had to say because the president did speak to reporters right before he got on marine one. by the way he is off to joint base andrews. from there he goes to long island. he is going to the hamptons. liz: of all places. stuart: of all places. liz: the president in liberal

hamptons? wow. stuart: he will meet with supporters and dare say he will raise a little money, rough guess. i believe he is on his way there right now. we're waiting for that tape. literally is seconds away. we have confirmed, our own blake burman with the president when he was speaking, the president would like to see companies report earnings twice a year. that would be a real change for investors who would have a look at a company twice a year as opposed to four times a year. it would end some of this short-termism. that is the story. all right, the tape is in. roll i will -- it. [inaudible] >> we're going to new york and then new jersey. it will be work, all work. i think you see what happened. the economy is maybe better than it has ever been. the numbers are coming out, best they ever had. we came out with huge numbers. they have been just been fantastic.

off the charts. we're very happy about that. and i think for that reason i think in november we're going to do extremely well, extremely well. [inaudible]. i would like to see twice. but we're going to see. this is a place when i had, as you know, the world's top executives, among the world's top executives and the head of pepsi-cola, a great woman who is now retiring, she said, because i asked, what can we to make it even better? and she said two time a year reporting, not quarterly. i thought of it, it made sense to me because you know we are not thinking far enough out. we've been accused of that for a long time this, country. so we'll look at that very seriously. we'll look at twice a year instead of four times a year. [shouting questions] [inaudible question] >> i have gotten tremendous

response for having done that. security clearances are very important to me, very, very important. and i've had a tremendous response for having done that. [shouting questions] [inaudible>> there so no balancf anything i'm giving him bigger voice. now he has bigger voice. that is okay with me, i like taking envoyses on that. i never respected him. never had a lot of respect. and senator burr said it best. if you knew anything, why didn't you report it when you were before all of these committees, including their committee? so he had a chance to report. he never did. this was just came up lately and, it is a disgusting thing frankly. look, i say it, i say it again, that whole situation is a rigged witch-hunt. it is a totally rigged deal. they should be looking at the other side. they should be looking at all the people that got fired by them. all of the people that got

fired, they should be looking at bruce ohr and his wife nellie for dealing with, by the way, indirectly, russians. they should be looking at steele. they should be looking at all these fbi guys who got fired and demoted. it is a really, it is not us. it is a rigged witch-hunt. i said it for a long time. [shouting questions] you[inaudible] >> say it? i think bruce ohr is a disgrace. i think i will be taking it away real quickly. i think bruce ohr is a disgrace for his wife nellie. for him to be in the justice department and doing what he did, that is a disgrace. that is disqualifying for mueller. mr. mueller has a lot of conflicts also, directly yourself. you know that. mr. mueller is highly conflicted. in fact comey is like his best friend. i could go into conflict after conflict. but sadly, mr. mueller is

conflicted. but let him write his report. we did nothing. there is no collusion. but if he was doing an honest report he would write it on the other side because when you look at criminality and you look at problems, take a look at what they did, including colluding with the russians, the other side. [shouting questions] [inaudible] >> i can't hear you too well. we have a helicopter. [inaudible]. >> what is the next move on turkey? >> turkey has been a problem for a long time. they have not acted as a friend. we'll see what happens. they have a wonderful christian pastor. he is a wonderful man, pastor brunson, they made up this phony charge that he is a spy and he is not a spy. he is going through a trial right now, if you call it a trial. they should have given him back a long time ago. turkey, has in my opinion acted

very, very badly. so we haven't seen the last of that. we are not going to take it sitting down. they can't take our people. so you will see what happens. [shouting questions] [inaudible] i don't don't talk about that now i don't talk about that. the whole hanna for the trial is very -- manafort trial is very sad. it is sad day for our country. he worked for me for a very short time. he happens to be a very good person and i think it is very sad what they have done to paul manafort. thank you very much. [inaudible] stuart: let me recap what the president just had to say there. he can't resist speaking to the reporters. off he goes to marine one. then he goes off to the hamptons on long island. here is in brief what he said. he started out saying look, the

economy, look what is going on with youth employment, youth unemployment. this summer is at a 50-year low. very proud of that. that is part of the trump growth agenda. very proud of that. second point. he is suggesting talking about companies going to reports twice a year instead of four times a year. a little weed did i but it would be a big change in the way companies report their financial position. he talked about bruce ohr and his wife nellie, called them a disgrace and was considering taking away their security clearance. this follows the big fuss over john brennan's clearance being removed a couple days ago. he finished with robert mueller. saying that he was, robert mueller, in charge of investigation into russia, russia, russia, saying he was highly conflicted f he wrote a report it should include the other side, the clinton side he said because it should be looked at from the other side.

the president packs a lot into a three-minute statement in front of the cameras. he does this all the time. fred barnes, "weekly standard" executive editor is with us now. i know you scrambled to listen what is going on there. >> yeah. stuart: what struck me where he was talking about robert mueller, saying he is highly conflicted and the report should look at the other side where the true skulduggery, my word, is going on. what say you. >> i think he is right about that. something he said many times. actually a cowell of the committees on capitol hill where republicans have the reins want to do just that and maybe they will but depends on the election. the election depends on one thing, and that is whether the economic message gets through to the voters. the people know they're doing pretty well, but really have to hammer it in an election like this, a midterm election, which is not set for the president to do well. stuart: would you agree with this, this idea, fred, that the

economy is doing very well, yes, and that is a plus for the republicans and a plus for the president but to some degree, that good news is overshadowed by so many people who do not like the president's style or his language? >> well, yeah. i would not use the word overshadowed. it's a message that doesn't appeal particularly to people don't like trump. he is not helping himself getting in these petty arguments, not focusing on the economy all the time. look the press isn't going to help him on this i looked at front page of "the new york times" and "the washington post." the economic story is not on the front page. after a great day yesterday for the economy, the stock market, and so there is only one person who can correct this. that is donald trump. forget about john brennan. forget about omarosa. talk about the economy full time. stuart: so that is what he

should do. he did that he came out, met the reporters. the first thing he talked about was this 50-year low in youth unemployment this summer. never been as low as this since back in 1966. that is a really big plus for the economy. >> absolutely is something he ought to talk about a lot, not just when he is leaving the white house to get on a helicopter. you know, he really needs, he really needs to stress this because, he is the one who can sell it. i mean look it's there. i mean, normally midterms are bad for a president and this one is set up to be bad for a president. there is only one person who can change that and that's, really president trump. and he has got to start doing it now. how many days, 90 days to the election or something. stuart: it was reported yesterday that the president plans 50 appearances in support of republican candidates before november. that's, that's a barnstorming

tour 1/2. >> it is but, but what you're saying is appearances. he ought to be doing this but what matters what he says and how often he says it. he has got to get, you know, a lot of politicians face distractions but trump creates his own distractions. stuart: fred, i really want to thank you for coming on at such short notice. i know our guys practically picked you up, sat you down, so you could listen to the president. we appreciate that. we really do. >> i live nearby. stuart: that helps too. fred barnes, you're all right. thanks for joining us, sir. appreciate it. >> i enjoyed it. stuart: if you have ever wanted to be neighbors with president trump. now is your chance. the apartment directly below his home in trump tower, five bedrooms, panoramic views of new york city. what is the price you may? $24.5 million.

then there is this. the retail ice age doesn't appear to affect ace hardware, sales booming, profits up. later this hour we'll talk to the ceo how his company adapted to changes at retail. look look at that market pretty much flat after a big gain yesterday. we are up 20 points at this point. it will be positive for the week. certainly looks like that. it is also positive for the year. back in a moment. (phone ping) gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one . technology this helpful... could make history. what's in your wallet? ♪ ♪

our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest.

stuart: all right, still pretty much of a go nowhere day. there are more winners and losers among the dow 30. remember please, we were up nearly 400 points yesterday. we're up nearly 1as of right

now. -- 18. we got new information about the strength of economy. unemployment among youngsters, 16 to 24-year-olds, at lowest level in 50 years. have to go back to 19 of 6 to find unemployment that low. i think this economy is doing very well. comment from jonathan hoenig, fox news contributor. he is the capitalist pig hedge fund manager. also with us, lawrence jones, campus reform editor-in-chief. jonathan, to you first. a 50-year low for the youth unemployment rate this summer. i call that pretty good news. what say you? >> well, yeah, the economy is humming. i mean, put it in some context however, stuart. we're in the middle of what has been a 10-year bull market and a 10-year boom time for the economy here in the u.s. we're seeing, as you said, whether it is youth unemployment, whether gdp. these are good times. that being said i think now is the time for most investors,

stuart, for caution. why? not because i hate the president but because you have to be a contrarian if you want to make money. the time to be fearful is when everyone else is greedy. i'm seeing a lot of greed out there, not a lot of fear. stuart: i hear you. lawrence jones, come into this please, because you're a youngster. i don't know whether you fit the 1625-year-old bracket. >> i'm 25. stuart: you're very, very close. this is pretty good news that you have this unemployment rate among youngsters, down so low. however for black youngsters it is still appreciably higher than for everybody else. what do you make of that? >> i'm happy generally that we're moving in the right direction and this goes to credit to the trump administration, but there is more than we can do, and i think the way to talk about that agenda is getting the president on the road and to be fair to the president, it is the black community in general. we have had great success when it comes to getting the

unemployment rate down, it is at the lowest it has ever been at one point but there is still economic issues there, because there are so many progressives in those local cities. only so much you can do on the federal level. so i'm calling on the president to bring in those all-stars, the people that he once associated with the with as businessman, all black entertainers, go into the community, to stimulate investment, get young people to partner with the those businesses, whether it is trade schools, not just going to the universities where they could start working immediately, stuart. stuart: lawrence, hold on a second. what kind of response, what kind of reception do you think our president would get in front of a predominantly black audience? >> well i think the people will respond well to the president. i think he made a big mistake putting omarosa as his spokesperson for the black community he was already associate the with. i can't tell you, being a

hip-hop fan, how many lyrics i recited had donald trump in it, because the community always inspired to be that billionaire, that was a hopeful message. and so i believe that the president, if he wants to be effective on this issue, cut out the middleman, to into the community and do it himself. stuart: he has 50 speeches, will be lined up before november. let's hope he gets right there to that community and addressing them directly. lawrence, thanks for joining you as always. >> thanks, brother. stuart: back to you, jonathan. want to talk about tesla. i don't know whether you saw the article, the interview in the "new york times" today, it was a one-hour interview, did it yesterday. in my opinion musk comes across as emotionally unstable in that interview. i mean that, emotionally unstable. the stock is down, what, 25 bucks at the moment. what do you say? >> you didn't have to read "the new york times." take a look at the twitter feed right now. musk is a iconic type of figure. he is almost a cult type of

figure when it comes to this stock but market never lies. i think you have to avoid stocks like tesla, down sharply today. this is again part of a bigger trend. we're starting to see all these "fang" stocks, whether it is facebooks, not apple. apple as you pointed out continues to move higher but tesla is just the type of unicorn stock built on great promises. that stock is breaking down. this is one to avoid right now, especially given, he is going, got to deliver now but he also has to avoid the inevitable sec investigation. not going to happen. stuart: manchester united, i read your stuff, and you say buy manchester united, for the benefit of our viewers, that is a soccer team based in england there. is common stock available. you want to buy it? >> yeah. i always thought, i know it as soccer but turns out stuart, a lot of people call it football. who knew. this is news to me. my soccer knowledge ends with pele.

man u is a global brand. if you're looking for ideas right now, manchester u, this is a soccer team to put it in your portfolio. breaking out to new highs. that is generally a bullish sign. this is a trend i think continues although i don't own the stock at capitalist pig. stuart: you're not old enough to remember pele. come back next week, son. >> you're welcome. stuart: ace hardware annual convention going on in chicago. jeff flock is there. he is on the hunt for the latest tools. i'm told he has a ash felt and spray paint. that is what i'm told. what is that all about? he will tell us, promise he will. look at, where else, chicago. ♪

♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

♪ stuart: time we went back to the hardware convention in chicago because jeff flock's there. about an hour ago showed us a

battery operated chainsaw which i wouldn't touch with a 10-foot pole. jeff, what have you for us right now? >> i have two revolutionary products for your grandchildren. lillian painted her name. this is revolutionary, you remember used to write on the street in chalk? this is spray chalk. what else will you do, lillian, something cool? we can actually spray this down on your grass or own your sidewalk. it washes away. could get gang members to use this instead of regular spray paint, we would cure the tagging problem in new york city. now that is one. number two. this is fascinating. look in the bucket, dutch. patch for your asphalt driveway. this is in a bucket. i can touch this, what is it, john? >> non-petroleum. >> put it there. show how it works. you can do your own hot patch.

uh-oh. comes out in a big chunk. spray water on it, tamp it down, gets hard almost immediately. this is incredible this is not oil at all? >> correct. vegetable based binder that holds up to the water. dries hard, stays in the hole three years, guaranty it. >> in chicago you patch these every year. >> we do. we would like to help you out with that. >> maybe the mayor. we can do it, this is not dirt work, stuart. as i said i can pick this stuff up in my suit and i can, you know, it is great. what can i tell you. >> come off with a little soap and water. >> soap and water. bingo. stuart: i remember that expression. jeff, stay where you are, we'll be back with you throughout the day. you know that. thanks for a good report, son. later this hour we're joined by the ceo of ace hardware. he is on the show in this hour. check that big board please. we're up, what, about 30 points. not much movement, but we were

up nearly 400 yesterday. apple now reached $215 per share. it is on pace for a fourth straight record close. watch it go. ben carson, housing and urban development secretary, what's he doing to build more affordable homes? he has a plan. he will tell us what it is next. ♪ :

. stuart: well, i guess you could say we are inching higher. that could be accurate. up 38 points right now and an even split, winners and losers among the dow 30. i want to bring you president trump, who wants financial reports every six months from companies instead of every three. watch this. >> i'd like to see twice, what we're going to see. this took place when i had, as you know, the world's top executives, among the world's top executives and the head of pepsico, a woman who is now retiring, skied what can we do to make it better?

she said two time a year reporting, not quarterly. stuart: that would be quite a change. so let's bring in joel shueman, entrepreneur shares founder and ceo, the man with me friday morning. that's saying something. is that a good idea, do you think? >> yes and no, i run my own company, i would love the idea of having fewer quarterly returns and many investors oppose it. however, i invest long term other in leaders, it doesn't affect me running my portfolio, and i think it's a lot of money. save money, save a lot of aggravation, many investors trade quarterly earnings announcements. i think a lot of the news reflects quarterly earnings announcements and surprises, i tend to look long term. i back entrepreneurial leaders. stuart: i favor this move. i see less short termism, i hate the expectations game that people play. i really don't like that, but i do understand that you're in

the dark for six months as an investor as opposed to three months. >> probably see greater pops on the six month earnings announcements than the quarterly, because of the surprise will be greater. but i favor the idea of fewer reporting announcements because as a person who invests long term anyways, it doesn't affect me and many companies spend a lot of time and money on this, and a lot of unnecessary excitement trading around quarterly earnings announcements. >> it will be a long time coming if it comes at all. now a question for you. >> okay. stuart: let's suppose we get -- >> stop laughing. stuart: some deal with china. not a huge sentiment but some deal with china, what happens? >> big pop, we're going to see earnings pop, large cap u.s., international. last time flows going back international for much of the last two, three months, seen international flows coming into the u.s., primarily ecfees and

u.s. treasuries. i think we're going to see a big pop. the world is going to breathe a sigh of relief if we see that. stuart: we might get it because china's economy is in bad shape. president trump would love a win before november. >> yeah. >> the stars are aligned for some kind of understanding. >> china is getting clobbered. last week, another 4.5%, they need good news too. stuart: okay. how about tesla? got to ask you. i'm sure you saw this. >> i did, the "new york times." is that the "new york times"? stuart: yes. that's a very good interview. my bottom line, my takeaway from it was elon musk is not in an emotionally stable state, and i'm not sure he's the right guy to be running this company. >> it's a real shame, he's one of our iconic entrepreneurs and owns 3.7 million shares of his company. owns 20%. the stock is down with 7, 8% today. drop from the high, 379 to

where it is right now is 11.2 billion which is his ownership stake. and by the way, the company right now is worth $54.5 billion. more than gm. or about the same size as gm, and gm has more profit than tesla in revenues. it's an interesting company. if he leaves the company, this is going to be a major blow to the company. stuart: but he doesn't have to leave. it could be shunned to the side, the visionary's role, an adult run a manufacturing business. i'm being pejorative, but you know what i mean. >> guys like him do best when they are founders and ceos. when you take him out. whether he's a founder or not, people claim he started later. he is the image of the company. he's got 22 million twitter followers, driving the stock price. by the way when he tweets at 10:00 a.m. or 9:50 a.m., that's a clear violation of the sec 10b5 which is insider trading rule, you can't trade on material nonpublic information.

he did not trade. he has the stock, which is convertible as viewers know, and if the stock exceeded $359, that stock -- bonds will be converted to stock. he had economic incentive to move it for a lot of reasons, not the least of which is to hurt the shorts that he's pissed off with. stuart: you wouldn't touch tesla stock with a 10 foot pole. >> i don't own it, and haven't for a long time. i love the entrepreneur. stuart: no plan to buy in the future. >> no plan. i haven't owned it in a long time. stuart: we injected much of your energy in four minutes. appreciate that. the trump administration is indeed rolling back obama-era housing rules, the administration wants to make it easier to build affordable housing. ben carson is with us, the housing and urban development circuitry doctor, is that the right word, doctor? good to see you. >> good to be with you again. stuart: which rules are you rolling back? can you tell us fast?

>> sure, the affirmatively fair housing rule is part of the fair housing act of 1968. and few sentences that simply say that if you're receiving federal money, you have an obligation to attempt to further fair housing. and the previous administration had taken those few sentences and multiplied them into hundreds of pages of onerous regulations, and many of the housing authorities were calling and saying this is way too complex, this is not working, we're not going to get our grant. so we said let's look at this thing and make it really work. so what is the real problem? the real problem is lack of affordable housing. why is there lack of affordable housing? because we have the restrictive zoning regulations based on archaic thinking. the national multihousing council has said that over 30% of the cost of multifamily

housing is regulations. so if we now encourage the municipalities that are receiving hud funding to actually tackle those zoning and regulatory barriers, then we can actually create fair housing. >> this is what you are pushing for, this is what you want. how much of the regulatory changes are you able to do just with a stroke of your pen? >> we can't do much of it with a stroke of our pen. we can do a whole lot of it by requiring that those things be done by those who are receiving funding. stuart: and the progress is being made? >> progress is being made. we're also doing some national roundtables, listening to the stakeholders, what they have to say about it because we clearly don't want bureaucratic topdown management of people's lives. we want the people who are actually affected to be involved in this

decision-making as well. stuart: you're very much part of president trump's push to cut red tape. and it's ongoing. >> it is. there's so much of it and what has happened is people put regulation on top of regulation instead of removing one and replacing it with another. i don't think it was ever intended to get to this degree but requiring a lot of work it get it done. another thing we're doing at hud. we finally have a cfo, we haven't had one for 8 1/2 years. he came from ernst & young, he looked at our books and said we would have never taken you on as a client. he's got us now and making the regulatory changes to run this thing like a business and not a bureaucracy. stuart: have you gone from world famous surgeon to presidential candidate to a member of president trump's cabinet. are you enjoying the cabinet? >> i enjoy it more and more

every single day. i have a spectacular team of people, god blessed me with the right people and they recognized a vision, and the vision changed a lot. success is not how many people we can get into the programs, it's how many we can get out of the program as self-sufficient individuals who will be contributing members to american society. stuart: music to our ears, doctor, mr. secretary. thank you for joining us, sir. hope we see you again. >> always a pleasure. stuart: thank you. ace hardware, surviving what we call the retail ice age. it's not just surviving, it is thriving! next we'll talk to ace hardware's chief, see how the customers keep coming back in the age of online selling. we've got the story. good one. google trying to take on amazon's alexa, reportedly planning to release voice-activated gadgets in time for the holidays. details in 90 seconds. meanwhile, check out new york city skyline. >> yes.

. reporter: i'm gerri willis from the floor of the new york stock exchange. shares of google trading lower, marginally so here, after a report the company will ship 3 million new smart speakers with digital screens before the holidays in time for christmas. this would be competing with

amazon's show smart speaker. that company had trouble shipping product, shipping only 315,000 in the back half of 2017. google's entry will have youtube, calendars, maps. some 35 million of the smart speakers of all sorts were shipped in 2017. a very intense business which all of the tech players are competing now. you can see shares of alphabet are down marginally here. and we'll continue to follow that story, more of "varney" coming after this. let's take a look at some numbers:

4 out of 5 people who have a stroke, their first symptom... is a stroke. 80 percent of all strokes and heart disease? preventable. and 149 dollars is all it takes to get screened and help take control of your health. we're life line screening... and if you're over 50... call this number, to schedule an appointment... for five painless screenings that go beyond regular check-ups. we use ultrasound technology to literally look inside your arteries... for plaque which builds up as you age- and increases your risk for stroke and cardiovascular disease. and by getting them through this package, you're saving over 50%. so call today and consider these numbers: for just $149 you'll receive five screenings that could reveal what your body isn't telling you.

i'm gonna tell you that was the best $150 i ever spent in my life. life line screening. the power of prevention. call now to learn more. . stuart: we've got a survey, and it says nearly half of respondentsent on ever want to own a self-driving car. that's not good news for the self-driving business. >> it's not. this comes from cox automotive. half of them don't want to own it. that was up from 30% year or so ago, baby boomers don't want them. the millennials are open to it. the issue is that now the other studies from m.i.t. say half of the population won't get inside a robot car. stuart: that's not owning, i think they will make appearance with taxes. >> not setting them loose on the highways. stuart: they're putting all this money into it. >> a ton of money into it.

stuart: see how it goes. earlier on the show we took you to a convention, hardware convention in chicago. the ace hardware convention by the way. come on in, please, the ceo of ace hardware, john venhuizen. great to see you, sir? >> good to see you. stuart: i have a theory. >> let's have it. stuart: are you going agree with this? you guys in the hardware business, you do well even in the retail ice age because people have to go to a hardware store to buy what they need as opposed to going online to buy what it is. you've got an online-proof business. am i right? >> once again, proving you know a lot of things. i think you're exactly right. listen, don't miss understand, we know amazon is the most disruptive company in human history. there is a desire to own the

home preservation business, and a lot of that has to feel and touch, and we're blessed to be in a business that tends to be a little more insulated than perhaps other retailers from the convenience of commoditized, one-click ordering. stuart: president trump today is talking about -- look, ace hardware, you are a private company, now president trump is talking about public companies, he wants them to go a report, a financial report every six months instead of the current every three months. would you be enticed into going public if it was a once every six month reporting period? >> imagine a lot of the companies will find great appeal in that. takes a little pressure off the accounting team for sure. no, we are a private company owned solely and exclusively by our local store owners. so ace retailers not only own the local store, the only shareholders of ace corporation, and despite appeal with that, we're pleased with

governance structure, keeps us focused on whom we serve. we serve the local owners, they empower to serve the local neighbors. they are not customers, they're neighbors. stuart: how many stores have you got nationwide? >> there's 5135 stores around the world, and 4500 are in the u.s. >> can you give me a growth rate, a growth in sales rate. can you do that for me? >> yeah, our retailers are amazing, never cease to amaze me with the media fawning over the retail apocalypse, retailers increased sales from 11.5 to $16 billion which would make ace about the sixth largest franchise in the world. and they, which is a testament to the value of local ownership had eight years in a row of local sales growth, which is amazing when you consider what's going on around the world.

stuart: what's the star product, you can point to one star product that ace is putting out today. >> i'll give you three categories, paint, power and barbecue. barbecue is in excess of 26% in four years and driven a lot by great suppliers by big green egg, trager, and quality stuff you can't get at a discount website. stuart: john, thank you very much for joining us, sir. and congratulations, you got that convention there, it looks like it's going well, thank you, john. >> good to be with you. stuart: sure thing. deere, i used to call them john deere, deere and company, profit fell short, margin squeezed by higher freight costs and nonmaterial costs, nonetheless the stock opened lower, now nearly 3% higher as the market overall moves higher. nvidia sales forecast fell

short. demand for chips in the cryptomining business has dried up and that's taking it on the chin. it's down 4.5%. nvidia, a formerly very high-flying stock. now this, the interest of many people, measles reported in nearly two dozen states this year. the cdc says there is no widespread outbreak. doc siegel is next. i want to know if these cases are because fewer people are being vaccinated? i think that's the reason. take a look at georgia, atlanta, georgia. know it well. xfinity mobile is a new wireless network

designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today.

we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot.

that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. . stuart: the measles. nasty stuff. it's spread to 21 states, and the district of columbia. doc siegel is with us, fox news medical correspondent. i say measles is back because people are not getting vaccinated and i'm hot under the collar about it. what say you? >> you are 100% right. 21 states, the 107 people that have in common, didn't get the measles vaccine, that has saved 20 million lives in this century alone. a measles vaccine that finally has the number of deaths from

measles-related complications under 100,000 worldwide. you know why? one out of 15 people who get the measles get a life-threatening serious complication, like seizures, like encephalitis of the brain. we think of measles as a childhood illness, a very dangerous one. >> the vaccine has been rejected by some people because there are other people saying that vaccines are dangerous. is the measles vaccine dangerous in any way? >> absolutely not. measles, mumps rubella vaccine. stuart: mmr. >> and now varicella vaccine, it has been around since the 1970s, again, saved many millions of lives. look, everything has a slight complication, you can get a rash with the vaccine, sniffles from it. compared to measles itself which causes severe rash, fever and brain infections, a zillion times better off with the

vaccine, and kids have to get the second dose before they enter school. stuart: in the 1950s, a scurge of poliomyelitis, we were terrified of it. you see people walking down the street. >> they were paralyzed. stuart: now the vaccine, no more polio. i understand it's coming back because of the absence of vaccines. >> exactly right. you said this exactly right. and smallpox we wiped off the planet because of the vaccine, the number one public health invention of the 20th century was vaccines, measles, mumps, rubella, the smallpox vaccine, vaccine compliance is hugely important to public health. stuart: i have to pack this in, it's important. new york university is going to offer free tuition to all medical students. that's the first medical school to do that. sounds great to me, any problem? >> you know i'm on the faculty there. stuart: i didn't know that.

>> i'm on the faculty at nyu, this has been in the works for ten years. the dean dr. grossman and ken langone who you know well, they have been planning this, a lot of donations. saved $450 million already. the big headline is it's going to lead to a recovery of primary care medicine. doctors can say now i can do what i want to do instead of coming out of medical school owing hundreds of thousands of dollars saying i better do dermatology, radiology, ophthalmology. we have a tremendous shortage here. this is a great step and other medical schools are going to follow. stuart: it's a wonderful thing. let me get this right, you qualify to get in, you get in, it's tuition free. >> it is tuition free, covered by endowment and loans. of course alumni are going to give money, look, you started me on this career and i give back. completely free now. stuart: dr. siegel, and you ken langone, congratulations, it's

a fine, fine thing. >> great for the medical field. stuart: excellent company. >> stuart, those are my mentors. stuart: thank you very much. >> thank you. stuart: dow is up 84. did you notice? more "varney" after this. ♪ . .

stuart: look at this. crept up on us. we're over 100 points. why is that? could be, liz, some speculation, any kind of deal with china on trade up she goes. liz: you're absolutely right about that. stuart: big part of dow is apple's gain. $217 a share. record high. apple ace dow stock. apple is contributing a lot to the 100 point gain for the dow. going the other way, tesla, look

at that, down 6 1/2%. it is back to 313. why? there is an article in the "new york times" today, an interview with him, he comes across as emotionally unstable. not good. neil, cavuto it is yours. neil: the irony of that, i like the way high lighted apple what is it going on right now, tesla, both guys run companies have been looking at all these other ventures and efforts on the same day we get, all these other side activities, but if you have a few bad tweets, everything else, people start questioning it, it can turn around just like that. stuart: do an interview like that with "the new york times" you have a problem. neil: it goes quickly. we always stay humble, stuart. you never know. stuart: well i do, neil. neil: i don't know why i said that. people say, neil in your case it will come handy. we'll