president actually saying if i get impeached market would crash and people would be very poor. that is subject people will be debating and discussing beyond today. maria: that was some quote. watermelon and cantaloupe, delicious. great show. see you tomorrow. stuart varney we go. "varney & company" begins right now. stuart: good morning, everyone. the president defends the performance of the trump economy. in an interview with fox news he is heavily remoting the return to prosperity. faced a political firestorm the president goes on the offense latest economy. the latest pole show he has a political problem. fox poll reveals 11 point lead for democrats over republicans and more enthusiasm over democrat voters over republican voters. who would have thought this, obama care more popular than tax cuts?

hard to see much good news from the gop or the president from the latest numbers. democrats using threat of impeachment as leverage on other unrelated issues. senator schumer says it is unseemly for this president to nominate judge kavanaugh to the supreme court. he is trump's nominee, he is tainted, reject him. here we go again a political firestorm, no market reaction. no significant downside action. the dow opens flat to slightly higher this morning. all three indicators at or close to record highs. here you have it, since the cohen-manafort revelations no selloff. since the beginning of the trump presidency and the wild political ride began, the dow goes from 18,000 to 25,000. repeat, political chaos, no market reaction. "varney & company" is about to begin. ♪ >> i don't know how you can

impeach somebody who has done a great job. i tell you what, if i ever got impeached i think the market would crash. i think everybody would be very poor. because without this thinking, you would see, you would see numbers that you wouldn't believe. in reverse. stuart: how do you impeach someone who has done such a good job? that was the president appearing on fox and friend. the president says if he gets impeached the market will crash. very strong stuff. more on that in couple minutes. switches gears there is a knife attack outside of paris the tell me more. ashley: 30 miles west southwest, close to versailles. bbc reported he killed his mother and sister. he is known to authorities. he is known to have extremist islamic views. very unclear whether that was the motivation. some would claim he was shouting "allahu akbar!" before all of this. this particular area west of

paris is known for extremist islamic people who, many of whom who went to syria and iraq to fight for isis. so it is an area known for terrorism. whether this in fact was a part of that, it is unclear. isis claimed responsibility for this. they will claim a ham sandwich if it turned up online. the way they are. stuart: a ham sandwich. i got the meaning. ashley: you get the meaning what i'm saying. stuart: looks like terror outside of paris. ashley: it does. stuart: let's get back to the two new fox follows. i will show them to you. the first shows if the election were today, 49% of voters would back the democrat candidate in their house district. 38% the republican. that is an 11 point edge, not an edge, a gap favoring democrats. next one shows the gop tax rawlaw, amazingly in my opinion is less popular than obamacare. 40% like the tax law. 51% favorable opinion of

obamacare. come on in please, i need help on this one with, fox news contributor jason chaffetz, former republican congressman. author of the book, the deep state. how is that going? >> it is good. available for sale now. the deep state. stuart: i hope you get it. let's get serious. those polls spell serious political trouble for the president and what say you? >> enthusiasm gap is real in a non-presidential election year. who will get their base, motivate their people to get out. i happen to think the economy is good, they may not equate that directly to the tax cuts. i think republicans in general have done a pathetic job trying to message on this you don't see any national ad campaigns. you don't see a real push out there explaining what is happening and why the drivers of the economy are moving forward. republicans have always been pretty lame in this category. and they will pay a price. stuart: we have to say that the media is uniformly ignoring good

economic news. look, i got three major newspapers here, the "times," "washington post," none of them have anything good to say about the economy. it is all about cohen and manafort and, impeachment. >> when you look at the local newspapers in your local news you don't see it there. major news outlets, other than say "the wall street journal," but not everybody is getting "the wall street journal." stuart: so your recommendation is, get out there and sell tax cuts and sell prosperity? >> they better be talking about what they have been able to accomplish. there will be some distractions. they have to get through a budget issue funding the government before the next election. kavanaugh will take over after september, but he will be confirmed. this schumer plea to say, well, the president's had legal troubles. he hasn't had any legal troubles. some people who used to work for did. that is ridiculous assertion. he will get next supreme court nominee.

week in september, only eight legislative days left for the house of representatives. voting starts october 1st. not first day of november is voting. first of october is when voting starts. stuart: good point. didn't realize that. another issue for you. let me deal with money. we'll be down ever so slightly at the opening bell this morning. we're looking at flat to ever so slightly lower. market watch is on the right-hand side of your screen. dr barton. longest bull market run ever. we've got a fed meeting today and jerome powell, the chair, speaks tomorrow. is it possible it is the federal reserve that brings an end to the bull run? >> well, stuart, i think you're spot on there and i think we have to understand the underlying reason why the fed would act. one of the things that we've enjoyed is improved, ever-improving employment numbers. so many people are back to work,

what we haven't seen with that is the wage inflation, the increase in overall wages. i think that's going to be the straw that break the camel's back and makes the fed act. it could be early as later this year. stuart: you think that brings the bull market, bull run to abrupt halt. okay. what about this, the president told "fox & friends" on the fox news channel, if he is impeached, president trump is impeached he says the market will crash. you're our market guy at the moment, dr what do you say to that? >> i think he has a point in this way. you and i are old enough to remember the nixon, the nixon hearings, what happened then, how it engulfed a nation. i think it would be a major distraction from the things that we are doing so well. a crash may be a little bit strong term but i think it would certainly derail the strength that we've enjoyed over the past

two years. stuart: all right. stay there, we'll bring you back when the market opens. i want to get back to pure politics. senator elizabeth warren commenting on the murder of holly tibbetts. roll tape. >> i'm so sorry for the family here. i know this is hard but one of the things we have to remember we need an immigration system that is effective, that focuses on where real problems are. i think we need immigration laws that focus on people who pose a real threat and i don't think mamas and babies are the place we should be spending our resources. stuart: well, what do you make of that, jason? because the man who allegedly murdered the young lady in iowa was an undocumented illegal immigrant? >> i thought senator warren was unbelievably cold and tone deaf what is going on here. "gallup poll" last week the said number one issue for americans is immigration. when the democrats take a

position where they want to dismantle of law enforcement, not supportive of those federal employees, abolish i.c.e., essentially have open borders, i don't think that resonates with middle america. it may resonate in san francisco and parts of new york city. i'm telling you when you get into the heartland the tibbetts story, with the loss of this life, young woman everybody can relate to, losing their life at the hands of somebody allegedly was out there running, that touches the heart and swells up the eyes. you just, that is what people can relate to. stuart: see, there is another area where the republicans could go on the attack. >> yes. stuart: attack on the economy. attack on prosperity. attack on immigration. >> the president beat the drum, talked about the need to secure borders, lock down those borders, support law enforcement. it is crickets when you come over to talk to congressional leadership. you never hear it. stuart: you were a congressman. >> i used to. that's is the reason why. stuart: what is wrong? are they intimidated?

are republican candidates intimidated by the media? >> voters can sniff out those waffling on issues. they can't take a strong position one way or the other. supporting law enforcement, locking down borders, fixing immigration, republicans have to take the lead on it. instead they make apologies and excuses. but, again, the democrats, i have never seen a party do well nationally when they have said, let's get softer on crime, let's open up those borders, let's get rid of law enforcement. i don't sigh see that as a winning formula. stuart: 20 seconds, does it look like the democrats take the house in november? >> i think more likely than not. enthusiasm gap is there, but i think we hold the senate. i think republicans hold the senate. stuart: jason, appreciate it. is there any change in the futures? i think down a fraction. ever so slightly open at the bell. vice president pence heads

to the johnson space center in houston. he will speak about president trump's space policy. nasa administrator jim bride 10 stein joins us for an interview. can you remember an administration that promoted so much about nasa and space? i can't. he is on the show. disney asking the city of anaheim drop tax breaks it is giving to the theme parks. disney says this is about improving relations with the community. we'll explain that. yesterday on the program general jack keane says he wants president trump to go on attack. use our cyber warfare weapons to strike back against russian hackers. you will hear what he had to say again after this.

stuart: well look at this. not such a rosy forecast from victoria secret parent company, that is l brandses, down 6%. that's an impact. different story at williams sonoma. their sales up, largely from a

big increase in online sales at williams sonoma and the stock is up nearly 7 1/2%. another big move for a retailer. now then, the dnc, the democratic national committee, hacks attempt, false alarm. what is that? ashley: interesting story. thanks to fellow democrats in michigan testing the system. unfortunately they never told the dnc themselves, hey we'll be doing this. what it was, basically a fake page set up to look just like the log-in page so the dnc's voter database. so what you do, if you were trying to steal information, would, people would sign in thinking they're signing into the real place and those people are stealing your passwords and getting access to the information. they alerted the fbi yesterday. now the michigan democrats saying, sorry, that was us. fair enough. you got to be certainly, we know it happened to the dnc in 2016 during the presidential campaign. they were hacked then. everyone on high alert. false alarm. stuart: nothing like checking

your own security. staying on hacking. we are bringing in the russian angle. we know they have hacked out. listen what general jack keane said about retaliation. roll tape. >> russia is committed to it as is china. this is the new norm. we have to use all the tools in our kit bag to push back on them. yes, publicly humiliate them. yes, you sanctions to impose our will on specific leaders. use these tools. after all, it is these tools they're using on us. stuart: joining us now from the american defense international, we have van hipp is with us. here is a guy who knows a lot about cyber warfare. van, same question to you, should we go on offense? should we attack the russians and take down the networks? >> i agree with general keane, spot on 100%. first hats off to microsoft.

we need more american companies doing things to counterthe russians on this i think "the new york times" missed this piece. why are the russians attacking the hudson institute. the hudson institute more than any organization in america outside of the government leading the charge sounding the alarm on the fact that hoover wins quantum race in the cyber war. russia gets it. america is behind. this is not a partisan race. this san american issue. we have to win it. stuart, three things i would do right now. would i create a cell, special cell in the national security council designed winning quantum raise, coordinating throughout the government. number two, the general keane talks about the tools. department of homeland security has a science and technology directorate. there was a hearing in congress about cyber research. within the directorate. it shouldn't be a rate. science, science security research. they're doing applied research. they're trying to establish and create those tools now general

keane is talking about. that needs to be priority one of the department of homeland security science and technology directorate. stuart, as far as the russians are concerned, estonia. that is a little country, why estonia? the russians were hacking into the estonia banking systems in the 1990s. they have developed some of the best countermechanisms and tools that general keane talks about. nato has established it is cybersecurity center of excellence in estonia. today we don't have an ambassador to to estonia. would i not put a bureaucrat, or put a hack in there. put a cybersecurity expert to get some of their tools. stuart: i wonder should we go on the attack. we know they have attacked us. why don't we attack them, shut down, should we, should we do that. >> we can certainly down, i would do it in phases, begin with what we call cyber booby-traps. the country of georgia has done

that before. one of the things i would do, general keane talked about embarrassing them on the world stage. we know the unit doing this just as we know the two units in china, john bolton made a good point yesterday, china is doing the same thing to us. we know the two units. i wrote a book couple years ago, we called out the units, one is in shanghai, one is in beijing. these governments deny any responsibility. claim they don't have anything to do with those unit. stuart: why not attack, if you know who they are, where they are, why not attack? >> i believe we should. i would begin with cyber booby-traps. i would do what general keane is doing. call the groups out on the world stage. go to putin, go to leader of china. we understand you have nothing to do with it, join us dechairing them as cyber-terrorist organizations, let's go after them. stuart: last one, do you feel we're beginning to change our tune and we're beginning to look towards offense rather than constant defense? >> yes, we are. general mattis said some things along those lines that i agree

with last week. we need to begin more of a cyber offensive capability and begin to launch that, absolutely. stuart: van hipp, thanks very much indeed, sir. see you again soon. >> thank you. stuart: back to the markets. we'll open in about ten minutes time. we're down about 20 points. we slipped a little downwards last couple minutes. there is hawaii bracing for hurricane lane. it's a big one. category 4. damaging winds heavy rain, they're coming. we'll tell you where and when this thing will make landfall.

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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.

stuart: which company makes spam? >> i know who were hormel on your screens right now. was that a rosy forecast? , not a rosy forecast. down goes the stock. hurricane lane. ashley: that is remarkable video. that is classic hurricane image right there. about 230 miles southwest of the big island of hawaii. sustained winds of 145 miles per hour. the governor said this is not a very well-behaved storm. they try to figure out what it is going to do. it is wobbling a bit. as you see from this graphic it

is category 4. by the time it gets to the big island,hilo will get high winds. wind 70, to 80 mile-an-hour is possible. the governor already declared a emergency declaration earlier today. big story is it winds, flooding, mudslides reported. 30-inches of rain in the big island. this whole thing shunts off to the west. the governor said look, be prepared. he said this to the people in hawaii, be prepared to shelter in place with 14 days of food supplies of water. stuart: 14 days? ashley: lines and a little bit of panic at supermarkets. shelfs are bare. what is strange about hawaii. they don't get the big storms. last big one 26 years ago. for many people first time they experienced it. the good news it could very well

weaken considerably. stuart: by the way they eat a lot of spam in hawaii. ashley: yes. stuart: dow industrials, we'll be down about 20 odd points when we open up in five minutes time. flat to slightly lower for the dow, five minutes from now. back in a second. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. where we're changing withs?. 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.

stuart: 10 seconds to go. we'll open the market, the backdrop the same as we had all week. [opening bell rings] political turmoil, political chaos, and yet we're not expecting a big drop from the dow industrials. far from it. there we go, 9:30 eastern time. what day is it? thursday. that's correct. check the dow industrials in very early going. we opened with a very minor loss, all right, down 21, but we're at 25,700. show me the s&p please. broaden out our scope here. we're down .06%. hardly a drop at all and the nasdaq composite down .02. i will call that absolutely dead flat. who is with me on a day so difficult to cover the opening of the market. we need maria bartiromo is with us, by popular request, thank you very much, and susan li and dr barton. political turmoil, the market

opened up with a loss of 30 points. same old, same old. explain it maria. >> market is not looking at resist movement on the left. they're not seeing the cohen and manafort news being impactful to the backdrop of economic growth. earnings are up 20%. come on, it is not impactful. say it one. stuart: say it one more time. >> it is not impactful. stuart: for someone who never tasted spam you know very little correlation between spam and -- >> you outed me. stuart: case closed, maria. >> you're welcome. stuart: dr barton, what do you make with my idea, even if democrats win control of the house you will not be able to reverse tax cuts, therefore the market has nothing to worry about from the reversal of tax cuts. what do you say? >> i think it is very insightful, stuart. the things that are going on, in

growing the economy are not just all about the tax cuts so, that makes your point even stronger, when we're having things going on, the energy sector is doing so well. industrial sectors are doing well. of course megatech still ruling the roost. with all those things going on the tax cut picture is not going to be the only thing keeping us going. stuart: there is no such word as insightful either. >> that's a word. stuart: ashley: you're on a roll, stu. stuart: look at headline on "wall street journal." correct grammar all around, u.s. seizes on chinese economic vulnerability as trade talks start. back to you, maria, look they're saying essentially we've got an advantage here in these trade talks. >> i think that we do. look at the economy in china slowing down and the economy in the u.s. accelerating. look, weave got to do something about the chinese constantly stealing your ip and transfer of

technology. the markets are giving this administration the benefit of the doubt. i do think we'll see a deal on mexico soon. that will rally markets. ashley: i think that is meaningful which i do believe is a word. had to throw that in like impactful. stuart: president trump this morning on "fox & friends," the fox news channel, he said his policies added 10 trillion to america's wealth. meanwhile 15 trillion has disappeared from china. he said that. >> the stock market down close to thirty% in china. they're trying to somehow put steam back in the chinese economy, easy money or helping consumeer. as maria said. stuart: what would happen if our market went down 20, 25% as you get into a trade spat with china? i think would we be have a very different view of trade relations. susan: we have a different government structure as well.

stuart: very true. well-said, young lady. retail ice age. here is example. sears closing another 46 stores. 33 sears stores going, 13 kmarts. [organ music] stuart: that's right. the organ music. ashley: circling the drain. stuart: they are, this thing is gone, isn't it, all but name? >> yeah it is, stuart. we're at the bottom of the 9th and there is two outs if you want to use a baseball analogy. eddie lampert is vulturing the best parts, the kenmoore brand. they're doing those things. they're even closing kmart here in my little university town in delaware. if you think the store had a chance, where you have 20,000 university students that need stuff. so they're in trouble all over the place. you're exactly right. it is just a matter of when, not if. stuart: just amazing to see an icon like that disappear.

when i first came to america, when you first came to america, you went to sears. that's where you went. ashley: yeah, big. stuart: not now. check the big board. we're down 58 points, five minutes into the session, down 56. 25,600. victoria secret parent company, l brands. they didn't give a very rosy outlook, far from it, and the stock is down nearly 7%, big drop there. williams-sonoma their sales getting a nice boost from their strong online operation. that thing is up nearly 10%. 9.3% to be precise. let's get back to spam. ashley: it always comes back to spam. stuart: very interesting meat that maria has never tasted. hormel makes it. not too good after forecast. they're down 3%. spam going down. jpmorgan laying off around 100 employees in its asset management business. no real change for the stock. i'm surprised to hear that asset management? >> that is what they are

building up across wall street. stuart: i thought that is where the money was. >> that's true. stuart: kroger, here we go, plans to eliminate plastic bags at its store. not until 2025. come on, maria, you don't eat spam, what this about? >> plastic creating garbage in the water, in the sea actually. what i found out recently almost half of the garbage, plastic garbage has to do with fishing nets. however everybody is getting on board and trying to save plastic, recycle. so that it is not garbage in the ocean which is getting in the way of our wildlife in the ocean. stuart: has no impact on any individual company that i can think of. i don't know of a plastic bag maker, for heaven's sakes generic it is cultural trend. everybody is jumping board. ashley: they should. susan: kroger is doing things partnering up with alibaba in china. they are doing grocery delivery, trying to reinvigorate probably

a stagnating brand. >> doing reusable bags. charge a dollar for reusable bags. don't give out plastic bags every time somebody checks out. stuart: i have to remember that. ashley: i have to see a picture of that. stuart: cheese fake factory -- cheesecake factory, says they are struggling with higher minimum wage especially in california. stock struggling a little bit. >> dr, this is tangible fallout from the minimum wage, $15, minimum wage, isn't it? >> certainly is, stuart. these businesses have so many employees under a salary type structure that are doing this kind of work is going to continue to be an issue. when they're not doing well, a few quarters ago, had the first quarter ever same-store sales declines, they did do a little better in same-store sales but

they're saying this wage impact is hitting them in the profit part of their business. remember, this is a company that has been named one of the best 100 to work for because they do such a good job promoting from within. these people take care of their employees, for them to cry unkill, we should take note. stuart: maria, susan, i have not invested in a restaurant since i lost my shirt on boston market. i haven't invested in an airline since i lost my shirt on people crest. i thought i would chuck that out. ashley: you have the midas touch, don't you stu. >> force owners of restaurant to raise the minimum wage, what are they going to do, they will look for ways to cut back, that means technology and firing people. stuart: have you seen it. ashley: try not to. stuart: in restaurants, now, it is expediters. you order on a pad, and they bring the food to you. susan: electronic, it is automated.

it is not just cheesecake factory complain about the $15 minimum wage. darden the olive garden owner. people are eating out of restaurants. consumers are spending as we saw with target earnings. foot traffic is pack up. stuart: show me disney stock please, because the disney is calling on the city of anaheim, california, they want the city to end the tax breaks that they give to the company, that they give to disney for the theme park. no impact on the stock. that is a very expensive olive branch, isn't? ashley: yes into you think it is olive branch? people say they want to avoid paying meaningful wage in california. this if they give back incentive they don't have a responsibility to raise wages for workers. stuart: interesting angle. susan: think they give back a billion dollars for nothing? ashley: that is just goofy. stuart: 9:40 eastern time. thank you very much, dr, for being with us. maria, tomorrow morning, i don't

know about tomorrow morning, maybe next week. a can of spam will be on this set. >> come on. thank you. stuart: thanks for being with us. >> thanks for having me. stuart: you took it all well. check the big board. we're down 48 points. 25,600 is where we are. firefighters in california saying verizon slowed down internet speeds at their mobile command center just as they were battling the biggest fire in the state's history. we'll tell you what verizon is saying about that now. more trouble for tesla. some customers say their new cars have some big flaws. reports of door handles falling off, steering alignment issues. they're having a tough time getting tesla to fix these things. we're talking to an unsatisfied tesla owner after this. ♪

stuart: down 40 points in the first 12 minutes worth of action. we're at 25,600. mcdonald's spending millions to help young workers in chicago. tell me more. stuart: nicole. >> this is what president trump is talking about in the recent rally. chicago has been front and center. this is an initiative this is good work by a good company. two million dollars. they're rolling this out, goes to community organizers in chicago for chicagoland's future. they will give the young people what they need. they will connect the trainees with employers. they will give them skills to facilitate opportunities to get jobs, quality jobs. of course when you talk about disadvantaged areas, this is what their foal is, ultimately. they hope to help two million people. that is by the year 2025. young people. what is interesting, 40 students will get associates degrees. they're pledging to do this abroad in europe and latin

america. but like it right here at home first. back to you. stuart: chicago sure needs some help. it will get a little bit of it. nicole, thank you. california firefighters say verizon slowed down internet speeds at their command center as they were fighting the huge fire. what is verizon saying there? susan: finally they said sorry, we made a mistake. we should have lifted the speed restriction what our customer reached out. firefighters in california, purchase a plan for high speed data allotment at a pointly cost. they're trying to fight the largest fire in data history. they went above the data usage. verizon started throttling down the usage plan. they should not do that in emergency situation and -- ashley: could they be held liable for that? who knows legally. stuart: our next guest drive as

tesla. he went to get it fixed. he is not happy. joining us now, sultan, give me the pronunciation of your last name. sultan. >> megi. stuart: i want to get things right. so you're a tesla buyer. you bought one. you took delivery of it, but it wasn't in great shape. tell me a story, please. >> no, it wasn't. it was a comedy of errors from the beginning. i purchased it, started the process in may. it took, three to four weeks, they said to deliver. then it was delayed, delayed, delayed. no communication from tesla. by the time they say it is actually available in july, i show up, to get the car. i get there. and car is not even in the state. took them 15 minutes, while i'm sitting there to tell me that. so then i do get the car in august. i drive right off the lot. the alignment is so far out of whack. i almost run into a bush. take it back. can you fix this? we'll schedule you an appointment. you know, the next week, they

say, it will take an hour. ends up taking a whole day. at the end of it, what should have been a three to four-week process for 100,000-dollar car, turned into 2 1/2 month process for something that was broken when i got it. stuart: that is dreadful story. i must say. the problem if something goes wrong with a tesla, you have to go back to a dealership, there is not that many dealerships. that is part of the problem, isn't it? >> it is but not just dealership because they don't work with the independent dealer networks. it is a piece of tesla. you have to go right back to tesla. in places like st. louis where i am right now, there is one shop and they have three guys and you might wait months and months. there are people there who have been waiting months and months. stuart: you bought 100,000-dollar car, produced by tesla, whose ceo and chair is elon musk. who is in the news recently. do you have an opinion about the suitability of mr. musk to run the company that's not suited you right?

>> well, you know, first off i actually really like my car, now that it actually works to be fair. but i will say that i think a question for elon musk is, does he want to be the next lee iacocca or not? that is the kind of thing. is ceo after car company or entrepreneur and inventor, that kind of a guy. this isn't rocket science. scaling a company to support hundreds of thousands of customers well is not that complicated. there are a lot of smart people out there. i feel like he should be doing more hiring. stuart: i'm told that the tesla, the tesla that you eventually took possession of is, has the fastest acceleration of virtually any car on the road is. that true? >> well, just to clarify, i have kind of the my range tesla, so it is not the fastest in the world but the performance ones are quite performing, bugatti style performing in a sedan. stuart: really. you have had experience of other

truly high-quality cars with enormous power. >> oh, absolutely, yeah, absolutely. stuart: this thing takes off. i'm told you put your foot down the thing takes off. >> it does. throws you in the back. you get instant torque. going zero to 6 0 in a few second ises. stuart: you think you got your money's worth? >> to be determined. ashley: good question. stuart: sultan, thanks very much for coming on the show. maybe we bring you back in couple months to get a progress report. tell us how things work out. we appreciate you being here. >> thanks so much. stuart: yes, sir. by the way we did reach out to tesla for a response. we have not heard back from them at this point. we narrowed the loss. we were down 40, 50 points, now we're down 27. there are more losers than winners among the dow 30. president trump has big plans for space, the says force. you know about that, pledging to send humans to mars. today vice president pence heads to houston to lay out president

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stuart: we have narrowed the loss considerably. in fact the nasdaq is up 12 of

of -- 126 points. the dow is off a mere nine points. got it. vice president mike pence will be at houston today to make a big speech at nasa. we have jim bridenstine. always good to see you. >> thanks, stuart. stuart: sir, i can't not remember another administration putting so much stress and emphasis on space not since the kennedy administration. have i got it right? >> no, you're absolutely right this administration has been very proactive. of course as you know on making america great again and part of that is having american preeminence in space. of course last week, or a couple weeks ago you and i talked about the space force which we heard the president discuss a lot and today the vice president is laying out an agenda for commercialization of low earth orbit and of course deep space exploration. that is why i'm here at the

johnson space center with the vice president today. stuart: jim, can you give us more information on this deep space exploration? i don't want you to give away what the vice president is going to say. people like me are kind of intrigued about the idea of going where no man has gone before. we're kind of intrigued about that. are we going to mars? >> absolutely we are. we are starting by building the space launch system, the sls, which is the largest rocket ever been built in humankind. we're talking about a rocket larger in fact than the statue of liberty. it will have a throw weight, or i should say a payload capacity much larger than any rocket ever been built with a ferring big than anything we ever had as americans before and it will take our astronauts on a trajectory around the moon in the year 2020. eventually we'll sues ha rocket to build a space station around the moon. we call it the gateway. the gateway will be a deep space

transport that will take our senates on to mars. the first step is to prove the capabilities and the technologies at the moon, retire the risk. then we move on to mars from there. the first step of course is building this rocket, the largest rocket ever been built. getting our american astronauts back into the vicinity of the moon and on to the surface of the moon, eventually on to mars. stuart: you have us all intrigued, sir. a rocket bigger than or the size of the statue of liberty just down the street here. it is huge. >> absolutely massive. stuart: solid fuel? >> well it will have a combination. it will be a liquid rocket in general. the rocket core will be liquid. it will use the same rocket boosters as the space shuttle although they will be bigger. we'll put another couple feet on top of the previous space shuttle solid rocket boosters. stuart: this rocket will be

built by nasa as opposed to private enterprise? >> nasa contracts with great companies in this particular case, northrop grumman is involved, lockheed martin is involved. this is traditional acquisition way you normally think of it. nasa is generating the requirements. the nasa is ultimately responsible for the acquisition of the hardware. nasa will own and operate this particular rocket. which is very different than what we're doing in low earth orbit. when you think about low earth orbit, we're buying access to space as a service from companies again like boeing and space x. stuart: jim, some of us really turn on to that stuff. we're so glad to have you on the show. i'm intrigued at a giant rocket. that is kind of neat. jim bridenstine, i'm sure we see more of you when the vice president gives his speech. thank you. >> thank you. stuart: i like that stuff. the democrats are using the threat of impeachment to stall the confirmation or try to of

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stuart: let's think this through, impeachment, that could be a dangerous political strategy for democrats, that's why they are trying to tone down the impeachment talk, but without using the word they are using the threat of impeachment as leverage on other issues, for example, democrat senator of hawaii and ed of massachusetts canceled meetings with judge kavanaugh, the president's supreme court pick, senator says the judge is now and i leg -- illegitimate nominee because of the cohen revelations. senator schumer actually goes further, he sees -- he says it is, quote, unseeingly for this president to be picking supreme court justices. the senator is taking a high-moral tone here, he thinks

there's a complement when the president picks supreme court justice when he may be a juror in a case involving himself. this is reference to impeachment trial, without using the word, senator schumer is using leverage to oppose all things trump, this is modern politics, send in the lawyers, use word like prime, lies, payoffs and imply that impeachment is coming, any trump position or policy is illegitimate. this is how you ignore the president's record of success and dismiss presidency. this is how the democrats intend to reverse the results of the 2016 election. but using the threat of impeachment as political leverage, oh, it's dangerous. the majority of voters want judge kavanaugh on the supreme court. they will not be pleased if he's kept off because it's president trump who nominated him. if push comes to shove, will voters accept impeachment of a president for allegedly paying

off two women, bill clinton arguably did far worse and survived. it was the republicans paid the price when they went through impeachment charge. one last point, the president told fox news if he were impeached, the market would crash. we will deal with that. the second hour of varney & company is about to begin. note ♪ ♪ stuart: just after 10:00 o'clock eastern morning, mortgage rates. ashley: time of the week, you know that, stu, 4.5% of 30-year mortgage according to freddie mac, just down a -- the rates have been stable. part of the median sales price is going up.

it's -- hasn't kept up with the rest of the economy. stuart: we have new home sales numbers. >> disappointing. stuart: are we? >> down when forecasters increase 627,000 units on annual pay for month of july that compares to june which actually revised upwards, 638,000 and the price of these new homes, 328,700, that's up close to 2% from a year ago in the month of july. so how you square this is when prices are rising, sales are coming down, it means there's demand, the right supply, the rightly praised supply is not meeting the demand. stuart: 627,000 new homes built on annual basis. >> existing homes account for 3 quarters to have market, now home sales not as important. stuart: okay, true enough. next case, caterpillar, it's a dow stock, it's down, that is hurting the dow industrials, not

that much, down about 1% in caterpillar, look at alibaba, they reported a revenue surge up over 60% and the stock is going up too, 4% higher, $7 up for alibaba, big-tech names, rebounding today. they've had not exactly great week, all of them today are up. facebook is at 174, look at amazon, $1,913 per share, apple is 216, alphabet, 230, microsoft coming back to 108. still on the market, this is what president trump said would happen if he were impeached. roll tape. ainsley: if democrats take back power, do you believe they will try to impeach you? >> you know, it's something like high crimes and all, i don't know how you can impeach somebody who has done a great job. i will tell you what, if i ever got impeached i think the market would crash, i think everybody

would be very poor. stuart: if i were impeached the market would crash and used the word, gary kalbaum is with us, what do you say, if the president is impeached, does the market tank? >> negatory. how about no? stuart: doesn't exist, go ahead. >> crashes do not happen very often, impeachment does not take him out of office, does not change policy, does not change interest rates and does not change earnings growth, the growth of the economy, i think that's hyperbole but i do believe, i do believe he's going to be impeached, do i believe the democrats are lying in the weeds right now and if they take the house, the first thing they will do is jump on it. stuart: one more on a similar line. i want your reaction to what thomas lee, he's another market

watcher, here is what he said would happen if the democrats just take control of the house, roll that tape, please. >> we've looked at since 1900 performance of market who is in the white house, senate and the house, the worst combination for stock markets is when we have republican president, republican senate and a democratic house. stuart: really? >> yes, on average you're down 2% a year. it's the worst scenario for markets. stuart: i will repeat that, gary, if you have a republican in the white house and republican senate but a democrat house, that's the worst scenario for stocks given historical record and you say what? >> well, as a student of history i decide today check it out and he is correct and i do believe history does matter, but i also do believe we are in different times right now, stuart, we are -- i'm the big believer that interest rates are really a big driver thing and when you have europe and japan still in negative rates and printing money, china is starting to ease again in a big way and we still have very low rates, i think we

will be fine. i think it would have to be something really big that came out of nowhere that really hurts the market in a very big way. i think the market is in good shape and i will tell you this, i actually think there's a good chance here we are going to have big quarter in the upside and the market is setting up that way. stuart: i buried the lead. the whole -- never do that if you're so-called journalist. you think at the end of this year, last quarter, october, november, december, market goes straight up unless there's some awful black swan event, that's your prediction? >> nothing every goes straight up, what i'm saying as i watched the market right now all bad news is being shrugged off. in i look as nasdaq i'm going to use the term coil spring and if it breaks out i suspect we will have real good end of the year and i have studied markets going into the end to have year, i

think there's a good shot of that as people have to join the party as it moves up. stuart: well, kalbaum very inslightful, impactful, hardly any negatory. >> negatory is gone. ashley: i feel like rain man. you won't let it go. my mother watches in florida, she said that being english has english dictionary and there's no such word. in collins dictionary, she does point out when in rome -- [laughter] stuart: thank you very much, indeed, you, madame, are completely right. we have a guest who says, trump's policies could enable america's economy to outpace china's, steven is here, author of the book, bully of asia, so you think that we are primed to

continue to outpace china, do you, which would mean we have advantage in trade talks? >> oh, we absolutely have advantage in trade talks because china's market is tanking, weak retail sales are down, investment is down, china has huge off the record, off the book debt problem, many, many poncy schemes in the country. they've overbuilt in construction, roads, office buildings and so forth, they can't keep that up forever. that artificially inflates the gdp. i think the numbers have come down by half a percent because of the minor tariffs that have been put in place by president trump and the reason the vice minister of commerce is in washington, d.c. right now is because of the trump tariffs, china wouldn't be at the table if it weren't for the trump tariffs because, remember, every day that goes by they rack up another billion dollars in trade

surplus, time is on their side except for the tariffs. stuart: okay, but if they are being pressured to make a deal it has to be a deal which allows president xi to save face, what he's got to go back to domestic population and say we won, how are you going to get a deal in which he public i will says he won but president trump really did win? >> well, here is why there's vice minister during negotiations and here is why they have been low key to date, there won't be any public announcements for a while i don't think. this guy has excellent english, he's been in the international arena for some time, i think he's here to make a real deal, stuart, and i think we are going to come out of these negotiations with some sort of understanding that china is going to reduce trade surplus with the united states and i think that -- that the president is absolutely right in insisting on a step-by-step force

reduction in surplus. i know they threw hands up, china is not a free-market economy. we thought it was going to become free-market economy 20 years ago. the reverse has happened under president xi jinping, more and more a managed state-owned economy and if xi jinping declare thats that the surplus l come down, you better believe it will come down. stuart: okay, good stuff, indeed, thank you for joining us. thank you, sir. got it. senator schumer says it's unseemly, his word, unseemly for the president to be picking supreme court justices, calling for senate judiciary committee to halt meeting for kavanaugh and i say that could be a dangerous game politically for democrats. we will have more on that in a moment. it is happening, 9 million-dollar match between

tiger woods and phil mickelson thanksgiving weekend. i think you to pay to see it. >> yes, pay per view. why 9 million? stuart: i'm not going to be watching, i'm not paying. ashley: no. stuart: regular voice on cnn, april ryan says she needs a bodyguard because white house putting target on her head and sanders should pay for it. we will see what mike huckabee thinks about that. you're watching the second hour of varney & company.

stuart: the dow is down 14 points, that's all we've got, 25,700, slow, slow trading.

it's the end of summer. ell brands, parent company of victoria secret, 7 and a half year low, came with poor forecast and the stock is down 10%. what a drop that is. on the other side of the coin william sonoma did very well with online sales and the stock is up 10%. now, we keep saying that hormel makes spam, yes, they do, the sales are not great and the stock is down 2 and a half percent. i'm sure spam is still doing quite well. in hawaii back to politics, democrats using threat of impeachment to stall confirmation process for judge kavanaugh, mike huckabee joins us now, governor, what do you make of that, senator schumer stood up there and said unseemingly for the president to recommend anybody, you can't support him, what do you make of this? >> one more desperate attempt to

stop brett kavanaugh which they won't be able to do and they shouldn't. this is nonsense, they deep down know it, the only reason people should be worried about brett kavanaugh and this is a serious reason, stuart, is that he spent so much money on tickets for the nationals, he could be a cardinal and texas ranger fan and everybody knows that and the fact that he's out there for nationals gives me pause but i still think he would be better supreme court justice perhaps the next 200 people that might be up on the list. stuart: real fast, governor, this does blame the issue of the blanket resistance, resist everything, don't let him do anything, i don't think that's a really good political strategy, what say you? >> it's a terrible political strategy, but frankly it gives the republicans a terrific message going into november because you are able to say, if you think open borders, taking away tax cuts, going back to a highly regulated environment that takes away jobs, if you think being weak and vowing down to foreign leaders rather than

standing up to them is the america you want to be part, vote for democrats. and if you want to resist everything that this president has done to give you pay raises, bonuses, stronger america, stronger borders and an america to be proud of, you better realize, the democrats are resisting every ounce of what the president has done and that's the choice you're going to make in november when you vote for every member of congress and every senator. stuart: governor, i know that you have seen this before, bear with us, this is your daughter press secretary sarah sanders getting into it with cnn's political analyst, april ryan, roll that tape. >> is the president aware that taking the -- >> the president has made his position crystal clear and that is about -- i let you rudely interrupt me and your colleague, i'm going to ask that you allow me to finish my answer. i would be happy to answer if you would stop talking long

enough to let me do that. stuart: april ryan say that is your daughter should pay for april ryan's bodyguard because she stirred up threats against april ryan, here you go, dad, your opportunity to respond. [laughter] >> well, that's absurd and i think anybody with iq above plant life should see that what april ryan was doing had nothing to do with her safety, it had to do with rudeness, she's one of 100 people in press room, people like april ryan and jim acosta think they are the only ones, they think their questions are more important, more intellect critical than the questions of the 99 other people in there. i call that arrogance. it's a level of complete just self-centeredness that defies any description other than absolute ajobbance. -- arrogance. no, sarah doesn't pay for it. she has concerns of security, perhaps she does, i'm not saying

she does or doesn't. that's her employer's responsibility. she doesn't feel that her employer is properly protecting her in the job they have sent her to do, even if she does it poorly and does it rudely she can become a travel writer and talk about life on cruise ship. stuart: i think we know where you're coming from, dad, governor huckabee, thanks for joining us. who said chivalry is dead? the congressman's wife tripped after getting off the plane, the vice president rushed to her aid, there you go. he's a gentleman. we like to celebrate being a gentleman on this program, how about that, susan? [laughter] stuart: gentleman, we will leave it at that, we will be back in a second, everyone

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stuart: price of gold below $1,200 an ounce, 1196 to be precise, how about bitcoin, sec denied 9 separate applications for bitcoin related funds. this morning bitcoin at 6,400. that's where it is. there's a boat build-up by the name of regal marine industries, they make luxury yachts that sell for more than a million bucks, tariffs are hurting them. gerri willis in orlando florida.

how are tariffs hurting them? >> this is one of the luxury boats that regal marine is making every single day they push out luxury yachts, take a look. 42 feet long, we are sitting on the fly bridge, 20 feet above the water if we were in the water right now. let me show a couple of the gismos, we are in florida, in orlando. here is how i would guide this boat if i was docking it, this is a joystick that you would use, let me tell you, this is awesome but this industry, stuart, under assault, regal under assault by tariffs, if you remember some of the tariffs went into effect 12:00 midnight, china and the u.s. exchanging tariffs, the big tariff retaliatory tariffs from china. the eu, canada, méxico, these are tariffs as high as 25%.

it would be $125,000, i want you to hear what dewayne cook said about how this would impact his customers, listen. >> we haven't been passing those cost increases on to the consumer, we don't want to. we want to keep boats affordable, eventually it's not sustainable for the tariffs on the chinese goods to not eventually get passed onto consumer. >> that's right, so regal is an american company third generation owners right here, 95% of the boats in the water, guess what, they are american made, back to you. stuart: coming up for you, beatles music. new polls out last night, not looking good for republicans. hillary voters more enthusiastic than the republican voters come november. not good. we are on it. mgx minerals' disruptive technology can extract lithium -

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stuart: stuff from the late 60's. [laughter] stuart: i don't know why you're laughing. stock alert, we are up 13 points. yeah, we are up 14 points, we will take it. look at big-tech stocks, all of them higher today. today they are making up for it. facebook, amazon, alphabet, microsoft are up. new fox poll, 51% of clinton voters, democrat voters are enthusiastic about voting in the midterms, just 37% of trump voters say they're entrust yasic

about the midterms, that's a big gap. bring in charlie kirk, founder of turning point usa, big problem for rups, what's going on? >> if you look what drives voters to the polls, very people vote out of gratitude, we have the greatest economy of american history, record low unemployment for blacks and hispanics and stock market hitting high longest bull market. people vote out of anger and the democrat base is very angry right now. they haven't goton over the fact they lost election that was winnable for them back last november and should be predictable so republicans need to get a sense of urgency upon our base especially in some of the key congressional districts because if that poll is correct, we are going to have a lot of trouble because enthusiasm in midterm elections, turnout and the democrats have the energy right now. stuart: big problem. there's another part of this poll, charlie, i will bring to you right now, only 32% feel life will be better for the next

generation, you're a young guy, what do you say about this, what's gone wrong? >> i think the next generation will do quite well, if you were to ask me right before election, if hillary clinton would have won, i would have said absolutely not. but i think what's happening is that you are seeing life conditions improve while simultaneously you're seeing people being told that things are getting worse, standard of living is increasing dramatically, people are living longer, wages are going up, there's a disconnect from reality to results that the president is delivering and, look if you'll hand kids to democrats, stagnant the economy and not economic growth i will be worried about next generation, but the poll surprises me considering the amount of good news you're seeing right now. stuart: another part of the poll which is, i think, terrible news, 40% of those people polled thought that tax cuts were good,

51% think obamacare is good. what happened? >> losing the messaging war. who could be against tax cuts, i mean, tax cuts for corporations, we have seen trillions of dollars repatriated and jobs being created and biggest tax cut in american history, $2,000 per family. there's a misrepresentation happening from the major media circuits that are saying these are bad, could the numbers be any better? lowest better black unemployment, lowest hispanic unemployment and people are being told this is a bad thing, it's incumbent on republicans and those who believe in progrowth policies to say, hey, it's because of tax cuts you're seeing the good economic news wages are going up. stuart: get out there and spread the message, we will see you again soon. >> you bet. stuart: amazon and goldman sachs may team up to buy a big grocery chain in india. well, our next guest has been investing in india and merging markets for 20 years and he's

been successful. joining us investment funds manager. welcome to the program, good to see you. >> great to be here, stuart. >> you think that india is the new next frontier in. >> well, i think india is a great stock because market there's plenty of growth but plenty of insufficiency in the future prospects for businesses and how markets understand them. once you get past the top 100 names, i think if someone is willing to dig in, one can do quite well. stuart: is that what you've done, over 20-year period you've had strong return for investors. generated a thousand percent but that's in a 20-year period, okay. what kind of indian stocks are you buy to go get that result? >> well, you know, until maybe 3 or 4 years ago ui hardly had any

exposure to india and i started it was difficult to find value in the u.s. and i was finding that because of the growth -- high growth can lead to mispricing and there were companies that i was finding in india where when i just looked at their valuations, their future prospects there was a big disconnect and so i started to add those companies. stuart: you've been in business for 20 years, nice return but for the last 4 years you mostly put money in american stocks and they've done, you a lot of good, right? >> yeah, for the first 15, 16 years, that's correct. stuart: okay, thanks for joining us, sir, we appreciate it. we do believe that the indian market is the next big one to open up and we will follow your progress, thanks for joining us, appreciate it. >> all right, thank you.

stuart: i want to talk golf, okay. sports alert. tiger woods and phil mickelson will go hayed -- head to head. jared max, what is this i hear about the match pay per view, i don't like that. jared: we don't know how much it's going to cost. stuart: i don't think. jared: 9 million-dollar winner takes purse. if it's 20 bucks i'm in. stuart: you would pay 20 bucks to see gulf game. ashley: i don't think they will be that low. jared: i think they do really well because it's day after thanksgiving. tiger is 42, mickelson is 48. i wanted to see this 10 years ago, they can do side bets for like charity and stuff. maybe he says, hey, phil i bet you 10 shares of amazon you can't make this put.

stuart: bet me 10 shares of amazon, big bucks there. jared: these guys can afford it. stuart: you're making golf into tournament spectacle. not what i'm used to. jared: tiger is the favorite to win this. stuart: does that interfere with the nature of the game of golf by commercializing it in this particular way? >> this seems goofy and too late, 20 bucks i would be in for it. i'm curious to see, also mic'ed up so we will hear certain conversations. ashley: both of them have reputation of saucy language. that could be worth the price -- jared: 18 holes, maybe you say something. stuart: is that what we will pay 20 bucks for or whatever the number is. jared: i think it's higher than 20 bucks. >> i think so. i wanted to ask about the prize money originally they said $10 million winner take all and now it's $9 million and as financial journalist i would

like to follow the money. who is getting the other million? jared: everybody we wanted to get it first and say it was $10 million but this was in the works. >> 9 is a weird number. [laughter] jared: actually pretty cool number. ashley: here we go. stuart: let's speculate. i like speculation. if it's $20 to watch this thing, how many people do you think in the united states worldwide, doesn't matter, worldwide would pay 20 bucks to see the game. jared: sounds like a math problem that i didn't do very well -- [laughter] >> they said we are going to have the mickelson-tiger woods match on. i may go for 20 bucks. jared: thanksgiving, long weekend. stuart: maybe. jared: depends how they do in playoffs. tiger is is having rough start.

stuart: is he? before fedex cup? jared: tournaments and eliminate up until the tour championship. stuart: where are they? >> tied up third. dustin johnson near the top. >> can we pencil it at stuart's house? >> no, you can't. ashley: he never invites anybody to his house. stuart: we are out of time, jared, you're all right. uber moving beyond near ride hailing, now expanding into the freight business, we will talk to the head of uber freight in the next hour, first, though, democrats taking aim at judge kavanaugh after the cohen revelation, anything trump is associated with is tainted and that includes judge kavanaugh, more after this

ashley: in the last hour national security expert says

that quantum compute asking the key to winning cyber war with russia. >> i spot agree with him 100%, hats off to microsoft, we need companies like this trying to counter russians. i think "the new york times" missed the piece, why were the russians attacking the hudson institute, the hudson institute outside of the government is leading the charge in sounding the alarm on the fact that who wins quantum race will get it. this is not a partisan race, it's an american race, american issue, we have to win it. the employee of the year, anna. [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: well, well, we are one hour and 14 minutes in and we are now up 19 points. 25,700, i want to go back to my editorial at the top of the hour. i was saying that senator chuck schumer is saying that the -- it is unseemly for president trump to nominate judge kavanaugh, doesn't want anything to do with him because of cohen revelations. anything trump touches is tainted therefore you have to reject everything. michael goodwin can here.

i believe a pulitzer-prize winner. >> it's true. stuart: i don't think it's winning political strategy for democrats to blanket opposition to everything because of the cohen revelations. >> look, i think that in general i agree with that, stuart, but the reality is to the democratic base and to the people they are trying to energize, you talked about the poll earlier, this is catnip for them, this is what they want to hear. they don't want any cooperation with the president, they never have, they want this to be a pure resistance, untouched by the filth of the trump administration as they see it and therefore kavanaugh to them is, no, you cannot talk with him, you can't meet with him, you can't certainly can't support him because he comes from the -- he's evil spawn. stuart: senator from hawaii, they refuse today meet with him.

they say he's illegitimate nominee. >> right. stuart: the majority of people in america, the polls that i've seen say they want him confirmed as justice kavanaugh. >> right, it goes to the base question here, is trump illegitimate or legitimate. you think trump is illegitimate president that he won election fair and square, then you think kavanaugh is generally is going to be qualified justice but if you see donald trump's presidency illegitimate as so many on the left do and as members of congress clearly do in their heart of hearts but reluctant to say it, then you cannot even meet with kavanaugh. stuart: extreme position to take. it really is. i'm going to go local for a second with you, michael, your latest headline and i'm going to read it, cynthia nixon might have one trick left up her sleeves. i've read it, you say, look, if the new york times endorses cynthia nixon for the governorship for new york,

spells trouble for current governor andrew cuomo. >> the times -- stuart: that's the question. they are all on the left but not that far left. >> well, hold that thought. [laughter] >> "the new york times" recently endorsed another far-left candidate for state attorney general, a woman, in that endorsement which ran in monday's new york times, eviscerated governor cuomo, credited running against cuomo, she got only 33% of the vote but the times says this gives her credibility, they say she will take on both donald trump and andrew cuomo, that she will clean up the albany mess that cuomo will not clean up. they held it against another candidate that cuomo endorsed basically saying that's the reason not to vote for her, so

now having said all of that, how do they turn around and endorse cuomo. i think it would exact 100% opposite. so they are either left with no endorsement which i think is very unlikely, they want to be a king maker or they endorse cynthia nixon fa. >> far left, don't forget the times is so politically correct it can then say we endorse two women for the top two jobs in new york, one of whom is a lesbian aren't we virtuous. stuart: any doubt that andrew cuomo wins? >> very little doubt. it has power with local endorsements. a lot of voters don't know much about candidates, governor somewhat they would, they regard the times as the secular bible and when it says they follow. stuart: excuse opinion all across the country not just in governor race in new york city, skewing left everywhere.

sharp hard left all the way. >> cynthia nixon is far, far left. stuart: socialist. >> except in own personal life. [laughter] stuart: you're all right. don't be such a stranger. you're in this building for heaven's sake. can you come down a couple of floors and see us? >> my pleasure. [laughter] stuart: senator elizabeth warren says after the death of mollie tibbetts we don't need stronger immigration laws we instead focus on children being taken away from parents at the border, don't focus on illegals, focus on separation of families, you will hear more about that one. dow is up 8 points, 25,742 and we will be back. ♪ ♪

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stuart: listen to what democrat senator elizabeth warren say about the murder of mollie tibbetts, roll tape. >> i know this is hard, one of the things that we have to remember is we need an immigration system that's effective that focuses on where

real problems are. i think we need immigration laws that focus on people who pose real threat and i don't think mommas and babies are the places where we need to spend resources. stuart: wait a second, what about the illegal immigrant who alleged murdered the young lady in iowa which is what the good senator was talking about? what about the illegal immigrant here? joining us now derrick schmit, senator of gate state of kansas, the senator missed the point, what say you? >> well, certainly agree, senator warren's view are not my own and i don't think they carry for most of us in kansas, those who work in law enforcement, we see the problem of illegal immigrants, people who are not supposed to be in this country at all and yet they come into contact with the criminal justice system because they've broken the law and hurt somebody, we see it regularly, you see it in the high-profile

cases like the case out of iowa that's in the national news so much this week and in recent weeks but we see it day in and day out in case that is never make big headlines, it is a significant problem. stuart: what you're talking about is illegals here committing crimes, major or minor and being in some way protected because there is protection for their immigration status, i mean, that's what you're talking about here, protection of illegals, right? >> right. there are two sets of issues, i think, folks that are not supposed to be in the country at all. they are illegal aliens and while they are here some number of them commit crimes on other people and obviously the fact that they are here illegally because of broken immigration system that does not secure the border gives them the opportunity without which those crimes would never be committed. let me tell you some of the examples we are talking about,

we had a case in kansas from 2016 that happened to occur on 9/11 of 2016, johnson county sheriff's deputy, deputy brandon collins was hit and killed by a drunken driver who was illegal immigrant while making traffic stop of another person, that illegal immigrant is convicted of second-degree murder under kansas law, should have never been on that night in the first place. we have another case in the kansas city metropolitan area where a fellow was illegal immigrant, had been here and long criminal history, deported several years previously and came back across the border illegally. we are not sure when, committed more crimes and now stands charge with 5 murders, four in kansas, one in missouri, of course, he's charged not yet convicted, innocent till proven guilty, the point is this is not unusual circumstances. we just -- stuart: i'm sorry, i've got to jump in because i'm coming up against a hard break and i've got -- i'm sorry. mr. attorney general, i'm very sorry, i'm against a real hard

break and i have to leave you, look, thanks for being with us, we will bring you back when we have more time, that's a fact. we will do that. the president facing a political fire storm, what does he do? he goes on offense, that's what he does. we will explain and talk about that in a moment. 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. . . ♪

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stuart: president trump plays defense by going on offense. he is under attack for allegedly paying off women and linked to what his attackers call a crime. very bad publicity. it's a political firestorm. he goes on the attack. not directly against his critics. he is attacking promoting his accomplishments. yesterday morning in the middle of a firestorm the president sat down for interview with fox news's ainsley earhardt. first he gave himself a a-plus grade as president. they were he zeroed in on his best asset, that is the performance of the con must have. it is the best he said. record low unemployment for minorities and women. and a record low overall.

he said during his administration america is has added $10 trillion in wealth and china had lost, lost, 15 trillion. if hillary won the election he said we would not have 4% growth. we may even slipped into recession. we don't know how voters react in november to allegations being leveled against him, but we can say so far, investors don't give a hoot. as we said some times political chaos but the market down care. look what's happened in the days following the cohen and manafort revelations. the s&p, which is the broadest measure of big-name stocks, actually set a new record high. and the dow stayed within a few hundred points of its 26,000 high. no selloff. we long supported the trump growth agenda because we need a return to prosperity that is the glue that binds this country together. so why not go on offense, and promote all the good stuff which you have accomplished?

offense is indeed the best defense, especially when you can claim that you came through with prosperity that you promised. the third hour of "varney & company" is about to begin. ♪ >> we have the best economy we ever had in the history of our country and more jobs today, literally today we have more yobs, more people working in the united states than ever before in the history of our country. plaque unemployment, asian unemployment, women unemployment, hispanic unemployment, historic lows it has been an amazing thing. unfortunately the mead doesn't cover that they don't like to cover that kind of thing. they like to cover nonsense. so i give myself an a-plus. i don't think any president has ever done what i've done in the short -- we haven't been two

years, biggest tax cuts in history. soon to be two unbelievable supreme court justices. i'm sure that justice cav now will be approved. justice gorsuch as been a star. look at all the things we've done with regulations the economy is the best it ever been in history. stuart: that is best in history. going on offense saying how good you've done. that is way of defending yourself by going on offense i guess. i want to bring in kevin hassett, chair of the the council of economic advisors. welcome back to the program. >> just beautiful day. stuart: i have something to negative to throw at. >> you go for it. stuart: a new fox poll, shows 51% of those who responded have a favorable opinion of obamacare, but only 40% have a favorable view of the new tax law. you really, well and truly behind here. what is the problem here? >> well i think what's happening

is that we've taken an economy stuck at 2% growth and turned it into the 4% growth. i was looking at the numbers before i came on. there are some fours. 400,000 manufacturing jobs since president trump was elected. the obama administration dropped 200,000. stuart: why is it. i know what you've done. i agree awe entirely it is a strong performance by this economy and this president's growth agenda but only 40% of the people have favorable idea of it. far more think obamacare is just fine. what are you doing wrong? >> right, i don't think we're doing anything wrong. you cite those surveys. as you know, you cover this on the show, the small business surveys are at historic high. business sentiment is at a historic high. capital spending is booming an wages are, heading up. it is, the fact is that the sentiment that matters, the sentiment of the people that are making economic decisions is skyrocketing. we see it in the data. why we had 4% growth in the second quarter.

why atlanta fed gdp is 4% as well. so the history of this is, you know this, that when the economy is booming, then incumbents tend to do well. i'm not a political scientist but i can tell you that the economy is booming and booming in a way that is completely unexpected and completely inconsistent with the stories of the obama people that said we never could do that again. stuart: is the president, i was told the president will get out around the country to do 50 speeches. i assume he will use that as bully pulpit to say that the economy is doing very good indeed, thank you very much. >> markets are up 40% since he was elected. a left-wing economist said market would crash. the paul krugman said the market would never recover. it is up 40%. not mysterious thing because the policies enacted. deregulation has been enacted.

the president delivered on tax reform. doing what we expected it to do. it is causing rebound in business, explosion of manufacturing jobs which people said could never happen again. remember, manufacturing was the agricultural sector. it was in decline. we lost 200,000 manufacturing jobs under president trump. we gained 400,000 jobs less than two years. anyway i look at all the messages, the economic message is very easy one to talk about. stuart: got it. i know you're not a trade guy. i do understand that but i have to ask you, you must have circulate opinion within the west wing there. >> of course. stuart: you do. are we close to a deal with mexico, real close? >> yes. you know the, it is always the case that you're worried that dustin hoffman will show up at the wedding, right? the wedding is scheduled and, the fact is that, you know you say i'm not a trade guy. i am a trade principle, this a sense when we have trade meetings i'm there. i'm not a trade negotiator. i'm not in there talking to the

mention cans about the final details. everybody expects the detail will be finalized very soon. stuart: and china? >> i've been briefed a little bit how that is going. but there is lot of work left to do that. stuart: kevin, thanks for joining us. >> thank you. stuart: joining us fox news contributor john layfield a market kind of guy, not trade or economist. a market kind of guy. i say the market doesn't care about the political firestorm, witnessed by the dow near record levels. >> history agrees with you. three times presidential scandals reached much higher level. andrew johnson, president clinton lying under oath in 1990s. president nixon resigning in 1970s. none of those instances had any different change effect on the market long term, none. these went higher than what president trump is right now. stuart: talking about impeachment. talk about the house taking control, i'm sorry, taking control of the house.

would that create a downdraft for the market? >> i think so. i think it is going to happen. 35 of 38 times, since the civil war, 92% the president party lost seats in the house since the midterm. historical, almost certainty that the president will lose house seats in the, just a question replace a republican with you don't want with a democrat you don't want? the least worst syndrome going on. stuart: that is a negative for stocks? >> i think it is. stuart: otherwise, do you see anything else getting in the way of this bull market run? >> no. answer your question shortly, no, potential black clouds, inflation is serious problem, becoming a serious problem. that manifests itself next six to 18 months. this trade war can certainly derail the economy. stuart: inflation? >> inflation. before -- stuart: we haven't heard that in years. >> before these tariffs happened gm and ford were talking about how much inflation, commodity inflation was hurting their bottom line. so you're starting to see oil

prices high, steel prices high, aluminum prices high before these tariffs. inflation creeped in the economy. not seeing in the official numbers. not sure why. a lot of companies reporting are blaming inflation on their numbers. stuart: we'll keep an eye impeachment, democrats winning control of the house that old problem inflation. >> that's right. stuart: other than that, we're okay. >> long term -- susan: i will disagree with that hormel we are talking about the spam maker today, they reported better earnings number and forecast because input prices have gone down. hog prices are down 10% from last year. >> talking about specifically commodity inflation. it adds effect to the consumer. valuation levels, nasdaq in 2000s, no comparison to compare pets.com to apple. 71 valuation on nasdaq. you have a 23 valuation right now as far as multiple. market is significantly cheaper. stuart: got it. john, thank you very much indeed. glad to see you in new york. isis claiming responsibility for a knife attack in france,

just two weeks after a vehicle attack in london. terror has not gone away. we'll talk to benghazi hero kris paronto here in new york. we could be close to a u.s.-mexico trade deal as suggested by kevin hassett. the question, does mexico want a deal fast before their new president takes office? the answer, yes. market down 23 points as we speak. this is the third hour of "varney & company". ♪ adults are just kids with much, much better toys. introducing the 2018 c-class sedan,

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stuart: have a couple of headlines from the secretary of state coming right at us at the moment. number one, secretary pompeo says he will be traveling to north korea next week. yeah, he is going back.

item two he spoke with his counterpart from russia,er is day lavrov, lavrov told him quote, washington's destructive approach to u.s.-russia ties is blocking cooperation. those two headlines came at us. if there is anything else you know it real fast. n.o.w. there is this. isis is claiming responsibility for a did lie knife attack out paris. the suspect killed two people before being shot by police. he shouted "allahu akbar!" before the stabbing. this comes two weeks after a man intentionally drove his car into parliament as london. they are investigating that case as terrorism. who we have here, kris paronto. >> my i will bows are off the table. make sure you go on mr. varney's show -- stuart: terrorism is not going

away is it? >> no. you will have lone wolf attacks here. with amount of social media, propaganda put out there, you will have people. i think i saw another headline, it wasn't terrorists. it was unstable man. if you're a terrorist, you're unstable. so of course -- stuart: what about the bigger attacks like 9/11? they surely must be planning it? why haven't they made a bigger attack? >> i think we're doing a good job. i think the depression operations community is doing an outstanding job keeping terrorists on their heels. stuart: what do you mean by that? you have that look on your face. killing people quietly? >> you know what? quite possibly. now i've been out of the game for quite a few years now but, when best thing, when you don't hear anything, that is when things are going well. when you don't hear there were seals and rangers and delta and ground branch guys at the agency, when you don't hear about them, you see there is not much going on as far as the big,

huge attacks that's a good thing. stuart: has secretary mattis changed the rules of engagement? >> i don't know if he changed the rules, he lets the troops do what they are supposed to do. stuart: that is changing the rules. >> i learned in the media how to churn those word. but i also think there could be more done. i did speak to a gentleman in the socom special forces community. he does say still the rules of engagement have to go through some levels to be able to attack. when a guy on the ground, see something, let's hit them. so many clearances there is still too much bureaucracy in dod, the department of defense and agency and state department to get a clearance to take a shot per se, keep it. it is that simple. it doesn't have to get anymore confusing than that. stuart: i have to raise the issue of former cia director john brennan. you say he has been outspoken in his criticism. >> outspoken is nice. stuart: he called our president

treasonous behavior. that is truly outspoken. you say, i think i know your opinion here, he is putting politics before his country. >> he has been doing that for years. he did that with us as far as trying to keep us silent, feeding into the line of the video and protests due to our attack. the non-disclosures. stuart: wait a second. you go back to benghazi. you were there. >> i was fighting there quite a bit then. five firefights to be exact the night we had 13 hour period. stuart: you were there that night. the official reason was video. >> no. stuart: you think john brennan was part of that video? >> petraeus was in charge at the time, granted, mike morel was the deputy. brennan was coming in. james clapper, axis of evil, clapper, comey, hillary clinton, patrick kennedy. i say that. i was there. i know what they did to us. i do see them the continued spin of video and protests calling us

liars more or less what they were doing, he was in charge after. so you know the proof is in the pudding. how else would i say it? as far as us our clearances, losing our security clearances, whether it was suspended, whether they were revoked, bottom line, when we spoke out, all of us weren't able to work anymore because our clearances -- stuart: you lost your clearance? >> yes. stuart: i did not know that. would i have brought that up earlier. kris, thanks very much for joining us. >> no, always, thank you, sir. stuart: see you later. check a couple of markets, gold down today, down below $1200 an ounce. bitcoin up a little bit, still holing around $6,000 a coin. yes, $6400. new numbers showing texas exporting more oil that it is importing. first time that happened. we're on that story for you. 67 bucks a barrel for oil. gas down to 2.82.

pretty much the same price as yesterday. now this, uber expanding its freight service to small and bid sized businesses. they call it the uber of trucking. uber is with us on this show to explain it today. apple is pulling a facebook data security app from the app store. apple says it violates its data collection policies. we'll tell you which app what it was, what it was doing. "forbes" magazine was, has the list of the highest-paid male actors in hollywood. take a guess who is on top? it is a strange answer but you will be intrigued. right now you're looking at, las vegas. ashley: hot. stuart: hot. ashley: hot. stuart: what will it be like tomorrow? ashley: hot. stuart: you got it. ♪

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stuart: so who are the highest paid actors in hollywood. that gentleman on the screen is number one, george clooney. "forbes" magazine said he took in $239 million last year. however, most of that money came from his business. last year clooney sold his tequila company to liquor giant diageo. he found it five years ago.

he made the bulk of his 239 million from that. dwayne "the rock" johnson number two. he made 224 million. i suspect he made a lot of money outside of the acting arena. rounding out the top five, robert downey, jr., chris hemsworth, and jack jackie chan. apple pulling a facebook happ from its app store. it tracks user activity outside of facebook apps. they say that violates their data collection policies. gone. new study says google collect data even when the phones are not being used. idle android phone with open browser, passes data to a google server 14 times an hour. there ain't no privacy. it's gone. couple of individual stocks. look at sears. they will close another 46

stores across the country. 33 sears, 13 kmarts. they're scheduled to go by november. can't stay long at that level. a buck 13. kroger banning the use of plastic bags in its store by 2025. they will rely on reusables. good luck. we continue to follow the market. 3m, caterpillar, boeing, they account for 2/3 of the dow's sudden, near 100-point loss. they are trade related issues. we suspect there is some news on trade which is adverse. that is why the market has gone down so suddenly, so quickly. coming up next, jack ablin. he says investors don't care about scandals. but they will care if the democrats control the house. he will spell out his case after this. ♪ you wouldn't accept an incomplete job

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stuart: happening now. at the white house in this hour. president trump holding a meeting on a bill that would toughen up rules on foreign investments in american companies. any headlines of course, you will get them real fast. now, check the big board. this is just about the low of the day. we're down about 100 points.

we're down 100 points. we're told there are trade worries. all of a sudden we're hit by trade worries. i don't know what those trade worries are. it is true to say boeing and caterpillar, trade-related stocks, are leading the dow down. come on in jack ablin. while we're figuring out what is going on with trade i want to ask you about the scandals which, political turmoil, which doesn't seem to have had any impact on the market at moment but you say it will have a big impact if the democrats take the house. what kind of impact? >> yeah. and, control congress in general, but yeah, i think, then there is impeachment risk. i do think then, we will see markets and investors get nervous, markets get upset. keep in mind, early in president trump's tenure, if you recall, anything that looked like it could jeopardize trump's job did

cause problems for the market, particularly, this was of course in front of the tax bill. but, nowadays a lot of that, a lot of that domestic policy is in place. and, he is, his job is pretty secure as long as republicans control congress. the question is, if the democrats get a foothold in congress after november, that changes the matters. and then, adds a element of risk. stuart: even if the democrats move to control the house of representatives, even if they did that, the tax cut program is still very much in place, would not be reversed, would it? that is giving as you lot of this bull run? >> i think that's it. you know, if you go back to president trump's campaign promises, and kind of what he has laid out so far, pretty much the domestic agenda, with exception of immigration policy,

but domestic economic agenda laid out and it is in place. that is what investor are focusing on. we did get a great economic growth number last quarter. what i really liked, we had productivity nearly 3%, more than double the run rate we've seen. if that can continue, we'll have smooth sailing ahead for the economy and markets. stuart: we have the dow, the dow industrials down 106 points. i am told this is trade concerns, and i'm using that, because we have caterpillar and boeing are both down. they're trade related stocks. they're down sharply. any idea what these new trade worries are supposed to be? we just had kevin hassett on the show a moment ago, saying real progress with mexico, might get a deal for the next couple days? >> yeah. i mean there have been negotiations. obviously recently opened up last week with china.

we have now had the imposition of another round of tariffs. china has retorted with their own set. my sense is, perhaps, there is word, and i haven't heard of anything, that some of the wheels are falling off those conversations. stuart: yes, i would like to hear about that. i would. jack, thanks for joining us. see you again shortly. >> thank you, stuart. stuart: as we've been saying all morning trade negotiations on going with mexico. the two sides reportedly real close to a deal. i want to bring in gaston pieraa. i know you do a lot of business between mexico and united states. is it fair to say that mexico wants a deal, a trade deal, fast, before the new president of mexico takes office, is that accurate? >> that is totally accurate, stuart. it is accurate because, you would have all of a sudden two winners. president nieto would finish his

administration with a big win and president obrador would have a big win on his plate. that has to meet president obrador's objectives and there could show a little bit of discord, i don't know. for example the sunset clause. then you have have an energy clause. then you have dispute resolution elements. let's see what happens in the next few days to clear the path forward. stuart: are you expecting a deal, some kind of announcement, some kind of positive development on u.s.-mexico trade, are you expecting it in the next couple days? what are the odds? >> yes. yes. the odds are very good. remember this is a bilateral thing. then you have canada, because the fast track involves triparty

negotiations. then if canada is able to couple of days, align themselves whatever the u.s. and mexico decided and can the calendar, we have a calendar that is the getg very tight for the 90 days to get to congress. getting announcement this week is very positive. stuart: we're keeping close touch with you because you're right in the middle of things, right in the middle of the action so to speak, you're saying people use cryptocurrencies like bitcoin to send money across the border. would you explain that? >> yes, obviously that is something that is doing. there is a, at this morning we have developed the software. let me give you very top level figures. $30 billion coming into mexico every year. people are paying 10% for $100.

they pay less amount if amount is bigger, $3 billion across to get the money across. can it be done better? yes, crypto can help with that role. you have money going account to account or cash to cash. depend on levels of sophistication of the sender and beneficiary. so people that have crip -- crypto accounts on both sides are fine can do that. in the middle you have intermediaries. they're looking to cryptocurrency to reduce the cost. we're hoping to be active in that process to allow people to send money to mexico for cross-border bill payments and money transfers through the crypto blockchain technology. stuart: last one. we're told that president trump likes to say that he has a really good relationship with a whole raft of foreign leaders. whether it is putin or xi.

what do you think is the relationship between president trump and the incoming president obrador, in mexico? >> so far so good. they have been sending each other very warm letters. there seems to be respecting each other very highly. let's see if that respect is translated into the process. obviously we'll see this in the next few weeks. but i think it is a good beginning. i trust they respect each other. that will be good for the two countries. stuart: thanks very much for joining us this morning. we do appreciate it. okay. good luck. want to get back to the market because we've sunk a little bit more. look at caterpillar. always a trade-related stock. it is down 2%. of the look at boeing, another trade-related stock. it is down this morning just over 1%. so maybe it's worries over trade that is sinking the dow because at this moment the dow industrials are down 119 points. there was a sudden drop,

literally 20 minutes ago. all of sudden down we go. we're still down almost 120. alibaba at the beginning of the trading session went trade up, very solid gain. they got a revenue surge of 60%, an enormous surge in money. now they're down nearly 2%. alibaba is back to 174. auto make is that build cars here and sell them in china, they're worried about tariffs. next we'll head to a ford plant in chicago. jeff flock's there. i want to know what vehicles would get hit. uber expanding a freight service for small and mid-sized businesses. they call it the uber of trucking. uber is with us on the show next. they will explain it all. ♪

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>> i'm nicole petallides with your fox business brief. walmart did something great for our veterans. in fact walmart says it hired more than 206,000 u.s. military veterans. the director there, the director for military programs saying this, our veterans bring dedication and value to our workforce. we feel a great sense of duty to

insure our men and women in uniform can find not just a job but fulfilling career at walmart and beyond. giving them a new path to civilian life. so these numbers are pretty great. in fact the company is saying now more than 80% of the way to reaching its goal to hire 250,000 veterans by the year 2020. and the spouses and the families in civilian life. the stock is down 20 cents.

stuart: earlier this hour we were joined by the chair of the white house economic council of advisors. he had a pretty good answer when i asked him if we're close to a deal, trade deal with mexico. listen to this. >> it is always the case that you're worried that dustin hoffman shows up at the wedding. the wedding is scheduled and the fact is, that, you know, you say i'm not a trade guy. i am a trade principle. when we have the trade meetings i'm there. i'm not a trade negotiator. so i'm not in there, talking to the mexicans right now about the final details. but everybody expects that the deal will be finalized very, very soon. stuart: deal finalized with mexico soon. that is what he said. he was referring to the dustin hoffman movie, the graduate, the classic final scene. he disrupts the wedding, runs away with the bride, all good stuff. why did the markets suddenly sell off on so-called trade

concerns? ashley: dustin hoffman right there. stuart: it was not a disfun hoffman movie. maybe what kevin hassett said about the deal with china. he said it would take a long time to get that deal done. maybe we're grasping at straus. susan: caterpillar and some of the other names leading the losses on dow jones industrial average. stuart: it happened very quickly. we're still down virtually 100 points. still on trade, jeff flock is in a ford plant in chicago. jeff, ford makes a lot of vehicles here if they're exported to china they get hit with a big tariff. which ford vehicles get hit the hardest. >> u.s. automakers. among them, ford plant here. the 13,000 explorers here. the biggest seller in china is a lincoln. link r lincoln mkz it's a hit,

not a huge hit, but the big hit comes on german auto make that's built plants here selling cars in china made here. for example, bmw taking a heavy hit. the x-5 made at the south carolina plant, spartanburg plant. they sold 52,000 in china. the mercedes makes gle at the alabama plant. sold 40,000. about the mwx3 in south carolina. sold 43,000. the germans taking a hit, that is no big deal. the only problem is that those cars made at u.s. plants with u.s. auto workers. 8,000 at the mercedes plant. 4,000 workers at bmw plant. those jobs potentially in jeopardy with the big tariff. stuart: jeff flock in the middle of it. thank you very much, jeff, as usual in the middle of it. uber expanding its freight

service for small and mid-sized businesses. i want to bring in the sheen i don't remember product manager at uber. eric, welcome to the program. great to see you. >> thanks for having me. stuart: i got to tell you. this is news to me. i'm a uber user but i didn't know i could summon up a uber truck. is that brand new? >> uber freight has been around a year. we move truckloads of goods for shippers around the country. stuart: what are you doing now? >> we launched uber freight platform for shippers. shippers can press a button to get a truck like uber app. instead of connecting drivers and riders we connect shippers with motor carriers. stuart: shippers with motor carriers. i got it. how does it all work? how do you bring these two sides together? >> there are over a million shippers in the u.s. and roughly half a million trucking companies and uber freight let's shippers tell us, hey we need to

move a truckload from a to b. the load shows up in our app, so drivers can find their next job. stuart: i know you're not going to tell me how big your current freight business is but can you suggest is, sort of a ballpark number how you want it to expand? >> so we started in texas last year with a pretty small market. we found that our drivers and shippers love ease of use, press a button, get a truck or get your next job and get paid really fast. last year we expanded nationwide. we've been doubling business every quarter. uber is doubling investment in uber freight going into 2019. stuart: you're scaling up, the size of the loads and size of the trucks that you are using that is scaled up, that is what you're doing here? >> that's right. so we've moved from just a small area in texas to the full country and which move 53-foot truckloads and that way anything

from water to fertilizer to insulation, all the things that help keep our country running we can move on uber freight trucks. stuart: now with your current freight business in place, how many loads do you move a day? >> so, you know, i would love to share that but we can't share any financial information right now but i can tell you that we have been growing very successfully and i'm excited that our new platform for shippers will let small and mediumized shippers work with uber freight, so they can book a load with a few clicks of a button. stuart: eric, nice to see a business expanding. we like success on this program. uber freight it ifing bigger. thank you very much, eric. >> thanks for having me. stuart: sure thing. we're down 110 on the dow. so bear that in mind. let me bring you a couple of individual stocks that are moving. williams-sonoma for example, much better sales because their online business doing very well indeed. look at the stock. it is now up 13% in a down

market. hormel make all kinds of products, not just spam, we always tease them because they're the spam makers. sales fell short pretty much across the board. that stock is down 3 1/2%. hormel is back to 30 he 30 he 3. we're live now from maui. that is extraordinary picture from space. the market continues decline. it suddenly sold off 20, 30 minutes ago. now it is down 106. more "varney" coming up. ♪ let's begin.

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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. stuart: hurricane lane heading towards hawaii, could become the first major hurricane to make landfall there in decade. look at this. adam housley is in maui, lucky guy. adam, tell us the conditions there right now. reporter: well, you know, stuart what we just noticed as the sun coming up here this morning on maui the sea is bit calmer than yesterday afternoon. it was much more choppier and rough yesterday.

that is expected to change. the reason rain is coming down now. getting heavy rain coming through and clears up no rain at all for a few minutes. that is expected as more rain heads our direction. 25 miles or so, 26 miles to my right, to our east is the big island. on the east side where hilo is located. areas have gotten 13 inches of rain in the last 12 hours. on the kona side, .400 of a an i've. it is still a cat four. if you look at overall imagery, the sun hasn't come up. it is breaking up. people hope it will break up move toward the west away from the islands. anyway you look at it we'll still get a lot of rain throughout the island. got molokai, and pearl harbor and eventually kauai, the major islands in the chain. when it comes to preparation

here, i will say people are very prepared. no one took this hurricane lightly. they don't get a lot of these storms here. the last one to make a landfall here as a major hurricane, in the '90s, very long time. people are not taking this lightly. they have been prepared a couple days. the watch, wait, calm before the storm as old saying goes. as everybody waits for the rain battering the big island to head to other islands along the way. stuart: adam, i said you were a lucky guy going to mao way. i take that back -- maui. reporter: not this time. stuart: adam housley. thank you very much. check the market. we were down 110, 115. now we're down 95. there will be more "varney" after this. ♪ as moms, we send our kids out into the world, full of hope.

and we don't want something like meningitis b getting in their way. meningococcal group b disease, or meningitis b, is real. bexsero is a vaccine to help prevent meningitis b in 10-25 year olds. even if meningitis b is uncommon, that's not a chance we're willing to take. meningitis b is different from the meningitis most teens were probably vaccinated against when younger. we're getting the word out against meningitis b. our teens are getting bexsero. bexsero should not be given if you had a severe allergic reaction after a previous dose. most common side effects are pain, redness or hardness at the injection site; muscle pain; fatigue; headache; nausea; and joint pain. bexsero may not protect all individuals. tell your healthcare professional if you're pregnant or if you have received any other meningitis b vaccines. ask your healthcare professional about the risks and benefits of bexsero and if vaccination with bexsero is right for your teen. moms, we can't wait. ♪

>> the largest rocket that has ever been built in humankind. we're talking about a rocket larger in fact than the statue of liberty. it will have a throw weight or i should say a payload capacity much larger than any rocket that has ever been built with a fering, with anything bigger than he ever had with americans before. it will take our astronauts on a trajectory around the moon in ther. year 2020. we'll eventually use the rocket to build a space station around the moon called the gateway. the gateway that will ultimately be a deep space transport that will take our astronauts on to mars. stuart: i like the bit about the giant rocket. the has a administrator. stop laughing. ashley: big rocket. we got that, stu. giant rocket. the gateway around the moon. stuart: let me cut to the real story. vice president pence is visiting the johnson space center in

houston this afternoon. the nasa administrator taking him around. there will be a speech about the administration plan for a space force. first time i can remember, a recent administration getting big on space. check the big board. we're down about 100 points as we speak. now we keep hearing that it is about some trade concerns. i haven't seen anything -- ashley: sometimes you can't just point to one thing. i think certainly mr. hassett saying it will be a long drawn-out affair with the chinese. we expected as much. as soon as market hears that from someone in the administration it has an effect. susan: tariffs gone into effect. stuart: that happened today. kevin hassett spoke on our show after 11:00. the market took the dip. maybe what kevin hassett had to say about china hurt the

the volume is really low right now so it doesn't take much. with lower commodity prices. glad we got you with this susan. we are down 105. neil, it's all yours. i am neil cavuto. we are going to go to the white house momentarily. the president is going to be addressing some trade issues. we are told that the president feels like it's important we make congress that is particular with the chinese. how important is that to get a trade deal, to get that response. i think the chinese conversations are taking place right now are the least likely to bear fruit anytime soon. i think getting nafta done