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tv   Varney Company  FOX Business  September 12, 2018 9:00am-12:00pm EDT

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non-"crazy rich asians" to move here. >> journal is reporting that the president will allow sanctions on foreigners meddling in u.s. elections. expect more action related to russia. maria: bate to see everybody. have a great day. here is "varney & company" and stu. stuart: good morning maria and good morning, everyone. move news own trade and positive news on the economy. canada is allowing access to u.s. dairy products. not a full nafta deal but it is progress. milk was the sticking point. perhaps we see chrystia freeland approaching the microphones today. she usually does. indicators for the economy. 860,000 business startups in the first three months of this year. that is huge. 6.9 million job openings. there are more jobs available than workers to fill them. bottom line, the economy is very
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strong and this boom seems to have legs. stocks open with little change. dow still right around 26,000. watch apple. new phones and a newly designed watch will be showcased today. nobody generates as much buzz as an apple event. today is no exception. the high for that stock is $229. we'll get pretty close to that today. stay there, please. florence is coming and we we are right in the middle of it. "varney & company" is about to bin. ♪ stuart: here is comes, florence the here cain heading for the carolinas. give me latest on the track. ashley: it is difficult to forecast. now the belief still a category 4, 130 mile-an-hour winds, when it gets to the east
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coast of the carolinas, it could well stall out. there is a believe it could turn south. that is a change in the last 30 minutes. it may spare northern north carolina and virginia, become more of an issue for georgia, areas may not have anticipated this the big story, other than the wind damage caused by the storm is the tremendous amount of water. i saw a meteorologist estimate 10 trillion gallons of water could fall on the carolinas alone. where does the water go? absolutely catastrophic flooding, that is for sure. storm surge up to six to 12 feet on the area where it comes to show. as it comes ashore, it will slow down and spin and kind of lollygag around. that is terrible news for the amount of moisture. flooding, catastrophic, will be a big story with florence. stuart: jeff flock is on the ground. he is in atlantic beach, north carolina. jeff, i'm told a lot of people ordered to evacuate do not.
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they stay. is that accurate? >> you are accurate, sir. yes, that's true in every hurricane. particularly in this one surprisingly. a lot of places boarded up. you see that. this is the main drag in atlantic beach, and i, amazed at number of people who said they're staying. they have been through too many hurricanes, they left there was no problem or no damage. so you know, they're going to stick it out. coming up i think to the fire department here. jason, when we get past the fire department, make a related. i want to show stuart what it looks like down in the neighborhoods. these fire trucks go to higher ground. ashley talking about the water. there will be a huge amount of water gets pushed up here. this is a barrier island. go ahead make a right here, jason. i want to take them in the neighborhoods if i can. right up, you can't see it, ben facing the wrong way there, we're right close to the water.
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make a left. jason, make a left, will you? spin around and make a left right there. i know it says no left turn. i want to show you what neighborhoods look like. a lot of people told us they're not boarding up. why? if this comes into a cat-4 there will not be anything left of our homes anyway. you look at these nice homes out here, typically in hurricanes you see bored-ups. some have shutters. but they're not hurricane shutters. nobody is boarding their windows. it is kind of a surprise to me. it is not nobody. right here, one guy has hurricane shutters, yes. but a lot of people don't. that is a surprise to me. stuart: jeff, what a way to cover oncoming hurricane. you told the story. interesting stuff. with a shot like that we can't resist. we'll see you later. get to the economy. a stunning number. to me this is stunning,
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87thousand new small businesses, new startups in the first three months of this year -- 876,000. liz peek, foxnews.com columnist, fox news contributor. that is huge. >> that is huge and speaks to the optimism in the economy, right? consumer sentiment is highest since 2000. a great report from the nfib, the small business survey, those people are more optimistic than 1983. what happened in 1983? ronald reagan was president. the economy grew at 4.6%. the important thing the next year, 7.2%. that is astounding number to recall, right? i received a report this morning from wall street's leading economists, they think the strength of this economy is underappreciated. the average hourly wage has gone up to the best rate in nine years. all these data points. it is humming. stuart: i heard a lot of people on wall street say it's a sugar high. it is just the result of a high from tax cuts and we'll get over
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it and get past it. >> that is not what the small business number looks like, that is not what the start-ups look like. that, remember when mitt romney was bashed that corporations are people? corporations are people and they have to have optimism and invest and hire to expand their plant. obama never gave the business community that kind of confidence. what we're seeing is, yes, lower taxes have had a result, plus deregulation. most important, the white house has their back. i think that is such an incredibly powerful incentive right now. stuart: like day and night with obama. in the obama era it never reached 800,000 startups in any quarter in eight years. in the trump years we've had now three consecutive quarters of 800,000 startups per quarter. >> it is really exciting and these people who are starting businesses know the government is not about to come in and shut them down. that is the news. stuart: that is the news. glad we got that. liz, thank you very much indeed. >> thank you.
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stuart: let's get to politics, that's what we do, money and politics, not normally in that order. today it is money and now politics. senate majority leader mitch mcconnell doesn't sound optimistic about the his party's chances in the midterms. what he told reporters, arizona, indiana, west virginia, florida, north carolina, all too close to fall. everyone of them like a knife fight in a alley. just a brawl in every one of those places. that is mitch mcconnell. this is go pac chair david avella. what the devil is the gop doing screwing up a booming economy and having these senate races too close to call? what are you doing? >> let's keep in mind we are still fundamentally in a position to pick up u.s. senates, not lose the majority. stuart: mitch mcconnell doesn't think so. >> heaven forbid we keep the ad makers away from doing grainy, black, ads that voters tune out.
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we can cheerfully to into this election presenting to voters what the choice is. the choice is, you have democrats that want inpeoplement, want investigations, want to keep the borders open, want to get rid of tax cuts versus republicans who can aggressively talk about these jobs numbers which we, you talk about every day. stuart: i do every day. >> talk about the tax cuts happening. stuart: you have to explain it, david. why is mr. cruz, senator cruz, ted cruz, why is he in trouble in the great state of texas? >> senator cruz is going to win re-election. just because polls today suggested -- stuart: why is it so close. >> look at polls. hillary clinton was 100% going to win in 2016. around she didn't. stuart: that wasn't texas. >> let's keep an eye on the prize which is election day. let's look at early turnout numbers. and states where republicans are favored, republicans have turned out in bigger numbers than
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democrats have. stuart: let me put the elephant in the room here. that is president trump's persona. president trump's style. the fact that a lot of people don't like it. they love the economy, love his policies, not too keen on president trump. what do you say to that? >> candidates matter. in these races it will be the two candidates that voters will have a choice between. if republicans are on offense, are aggressive, and are bold, with what we have done and what we want to do over the next two years, keeping people personally and economically secure, we will win in november. stuart: you got six million, $6.9 million worth of advertising about to hit? have i number right? >> senator mcconnell's pac. many other groups that will be also -- we're looking at election we'll spend over a billion dollars, the most ever spent in a midterm election. stuart: you will spend, republicans will spend? >> all told. republicans democrats, tom
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steyer, george soros, we all together will be spending that money. stuart: drop those names in there. david, appreciate it. good stuff. check the futures. how will we open the market? little changed to slightly lower. let me summarize like that. do you remember this sear renna williams lashing out at an umpire in u.s. open final. accused him of sexism. umpires are threatening to unionize. that is the right word, unionize. what else could be next? they have a list. fbi bombshell, new text messages show peter strzok, lisa page show a media strategy. jim jordan on the house judiciary committee. he will join us. he is next. this is "varney & company"'s first hour.
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stuart: apple new products coming out today, the hype machine is coming. the stock is premarket, up a little bit.
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see how it goes on throughout the day. look at snap. it has a couple downgrades. that stock will open sharply lower again this morning. snap is back to $9.30. businesses, lobbying, big time, spending big time. against the president's tariffs. liz. liz: they are trying to build a big grassroots push in town hall meetings, to push back on tariffs. we're talking more than six, seven dozen trade groups, farmers, retailers, tech, carmakers, car parts-makers. banning together to say, you know what? this could squeeze the american family. there has been success though on the tariffs front as you reported with canada and dairy talks. watch what canada said. both sides did a lot of thinking over the weekend. will republicans and white house push back on the new grassroots effort, we have them thinking and recalibrating trade deals around the world.
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that is a big fight setting up. stuart: it is a big fight. liz: they will have internet ads and tv ads. stuart: thanks, liz. programing note. leo girard, steelworkers union president thereof, he joins us 11:15 this morning on subject of tariffs. fbi scandal. new strzok-page texts they wanted to leak damaging information to trump in the media. here is the quote. i literally just gone to find this phone to tell you i want to talk to you about media leak strategy with the doj before you go. strzok texted that to page back in april. you got to bring in jim jordan for this. he is on the judiciary committee. he knows all about this. jim, a lot of our viewers don't follow this day-to-day. i want you to tell us significance of that text. what does it imply to you? >> well, remember, stuart, that when michael horowitz, the inspector general did his investigation, he talked about the fact that one reporter had 13 different individuals at fbi
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who were feeding them information. so there was certainly a leak strategy going on. the most troubling aspect of all of this is, remember devin nunez's memo, what they took to fisa court. they cited media reports to buttress the dossier we know, wasn't valid, wasn't corroborated, wasn't credible. they used media reports to buttress the dossier. they were leaking information to the media to buttress the document to get the warrant to spy on the trump campaign. that is the big concern how this whole thing operated. stuart: if there is a conspiracy to protect hillary, and undermine trump, and i think there was, are there documents which would prove it, and show it very clearly? if so, where are those documents? >> we're still waiting to get all the documents from the rod rosenstein and the department of justice. that is why we pushed so hard. never forget the basics, bruce ohr, the justice
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department official, his wife worked for firm that put together the dossier. when i asked bruce ohr was leaking or excuse me, giving information to the fbi, the dossier itself. his wife is working for the firm hired by the clintons to put together a document that was then given to the fbi and used to go to the fisa court to spy on the other campaign. never supposed to work that way in this country, and yet it did and to buttress all that effort they were leaking information to the press to write stories favorable to what they were trying to accomplish. again that is never supposed to happen either but it sure looks like it did. stuart: am i in a position to say, that, as a cabal, inside of the government that deliberately plotted shield hillary and undermine president trump and candidate trump? am i, is it a legitimate thing to say? they conspired? >> james comey direct are to have fbi fired. andy mccabe, lied under oath three times, fired. jim baker chief counsel at fbi
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demoted left. lisa page, fbi counsel, demoted and letch. peter strzok, head of counterintelligence, demoted and fired. these people ran the clinton investigation and started a launched and ran the trump russia investigation before robert mueller took over. that is all fact. when have you ever seen that? was there a key group of people running all this? sure was. they have been fired or demoted from the fbi. stuart: just incredible to me, mueller, russia, russia, gets all the media attention and this clear-cut cabal plotting away under the radar there gets very little attention. it is astonishing. you follow it closely. thank you very much for telling our viewers exactly what is going on. we appreciate it. >> take care. stuart: where will we open the market? up and down on s&p. down nine on nasdaq. flat at the open. rahm emanuel east latest plan to tackle poverty.
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what is it? universal income. he set up a task force. free money by any other name. more "varney" after this.
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on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. ythen you turn 40 ande everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. stuart: if there is one market hardly budged in the last couple weeks is gold. look at that. you're still at $1200 an ounce.
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next case, chicago. if it isn't drowning in enough red ink and violence to boot, it may be getting, universal basic income. ashley: free money, case basically, with no conditions, because of the income inequality and poverty in the city, there is a proposal out there, in fact an alderman on chicago's north side, give 1000 families, 500 a month, no conditions. no impact on whatever benefits, give them an extra 500 because poverty is so prevalent in this city? rahm emanuel, the mayor of chicago says, i will set up a task force to see whether we can do this. a lot of criticism for this. he is not running for a third term. this is his legacy, as he walks out the door throwing dollars to everybody. leaves the next mayor to pick up the mess. to your point, how will it be paid for a state and a city already bankrupt. stuart: well usaid, young man. well-said. you remember when serena williams tangled with the you
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will fire at the u.s. final? the umpires may unionize because of that clash. what else, liz? liz: there may be boycotts, that is what the reports indicate. umpires feel abandoned by the usta, wta, came out in support of serena williams, we could be in that chair, faced that, hung out to dry for 48 hours. that's what they're saying. reports they're talking about unionizing. major league baseball has umpires mlb have a union? you know what is really interesting is what other stars are saying like martina martina navratilova. he had to make the calls. we can't measure ourselves what we think we should be get away with. anybody who engages in this behavior is unacceptable, men or women. so it is an interesting debate happening right now. serena williams faced a lot of racism and a lot of problems. she has stood up. she is a brave corageous woman.
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right now looking at those moments in that match. stuart: you're a great star. don't lose your cool. what intrigues me the umpires may boycott her games because they don't want to be in the chair and face that kind of anger. ashley: impose the rules. liz: the quotes there is a lot of unhappiness in tennis umpiring with what happened. stuart: i think that is the understatement in the tennis world. lizzie, we're going to open the market. we'll see four 1/2 minutes time. we'll be down but not by much. we'll pay close attention to apple. those new products come out today. stocks near the all-time high. we'll see how it goes later on. we'll take to you wall street after this. the fact is, there are over ninety-six hundred roads named "park" in the u.s.
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what if numbers tell onat t. rowe pricey?
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our experts go beyond the numbers to examine investment opportunities firsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts. and mobile payment reaching new markets. this is strategic investing. because your investments deserve the full story. t.rowe price. invest with confidence. ♪ stuart: market opens in 45 seconds. i want to show you what is happening with florence. yes the hurricane approaches. it is going to be hitting the eastern seaboard. currently a cat-4. the new speculation is, that it gets to the coast, hovers, dumps a lot of rain, then maybe skews south. in other words, it could be georgia that takes a hit as well as south carolina, not so much
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north carolina. this is pure speculation. we don't exactly know precisely where this storm is going to go but that is the latest. 10 seconds the market opens. [opening bell rings] we'll be ever so slightly lower. dead flat for slightly lower. i recommend watching apple and big techs. that is where the action will be. what is it? wednesday morning, stuart. we're up 19 points, 22 points, 23 points. we opened slightly higher. about a third of the dow is green. fractional gain, let me put it that way. s&p 500 where it is first minutes. down a tiny fraction. can i call that flat and get away with it? thank you very much indeed. clearly, i like to say i need help. that man there has been
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consistently right on the market. his name is shah ghailani. we'll give him some credit. jack hough, guy from "barron's." he has been okay too. liz macdonald and ashley webster round out the dynamic foursome on the panel today. let's get to apple. new announcements today. products are coming. three new iphones, one newly-designed watch. nobody works up buzz quite like apple and they're doing it again today. the stock, shah, is what, about six bucks away from all-time high. >> $6 away from the all-time high. it will continue to make new highs. earnings wise they're phenomenal. cashwise they're phenomenal. at the end of the last quarter, fiscal third quarter, they had 17% increase in revenues. 40% increase in earnings. cfo in the earnings call, next quarter, fourth quarter, they're looking for another 12 to 16% increase in revenues.
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they expect a lot out of this product launch. stuart: they will do well from these new products? they will build on success they have already got. you like it, you think it is going above $230 a share? >> easily. stuart: easily he says. how do you follow that, jack hough. don't even try. let's dot economy, shall we? more john openings than there are people looking for work. new business startups, small business startups, simply amazing number. 876,000 new business startups first three months of the year. jack hough, let's get to you. this is not a sugar high economy, it's a booming economy with legs? >> it is quite good economy. stuart: quite good? >> i think the health can continue. i'm so optimistic about the health of the economy right now, i would love for republicans to just start paying a teen sy bit more attention to the deficit. new fiscal year starts soon. ashley: wah-wah.
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>> let me say this. photo of the 2012 republican convention in tampa. the republicans standing in front of this massive debt clock that they had brought with them to make a point that was now the time for action. what happened to those guys. liz: can i weigh in? stuart: go on. >> go on, right. wow. you know, prior years, for small businesses there was like jumping into a pool of live hair dryers, talking about expanding, capital investment, trending down in the last term of president obama. for this to be up swing like this, so optimistic to create businesses ace big deal for the economy. stuart: thank you, liz. liz: tried. stuart: jumping into a pool of hair dryers. liz: live. stuart: what does that mean? liz: get electrocuted. stuart: supposed to read on the screen, canada will allow our
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country, america, will allow dairy products. i don't know if they with will have a tariff. liz: i promise no bad jokes. this is a break-through. canada as deals with the eu and pacific rim countries on dairy. the idea you could have a break-through with u.s. dairy. they're talking about it. might see a deal coming forward. stuart: script, scroll up, please. not interested doing anything more on trade. until we see chrystia freeland emerge to the microphone. ashley: saying we're making progress. we'll be right back. stuart: check the big board, we're up 30 points, right at 26,000. there you go. ahead of the arrival of florence let's look at insurance. allstate and travelers, they have a lot of business exposure in the carolinas. look at utilities that serve that area, duke energy and scanner. they're all down a little bit, the hurricane approaches, we don't know what happens.
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shah, you're telling me these insurers they have a enormous amount of capital they can pay out if needed. >> u.s. property casualty insurers had excess capital of $750 billion. they have increased premiums. done very well on that side. investments are doing well. markets are doing well. they're kicking on all cylinders. they can easily handle this. from 2000 to 2016 average globally paid out was $51 billion. katrina was different. katrina was over $80 billion. if this storm is something on katrina level the picture get as little muddied. stuart: i don't want to talk too much about the economic consequences when human beings are being disturbed sometimes in a fatal situation. i don't want to go to the economic side of it. here is a company that promised to be a large and damaging storm -- what is that? liz: talking about the company. entertainment hub here. stuart: okay. a large and damaging.
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all right. liz: terrifying. stuart: can i switch gears, please? ashley: yes. stuart: you say, jack hough, that if viacom and cbs get together, viacom is a good buy, when they do get together if they do, they will sell the whole ball of wax? >> i think viacom is a good buy. the price is too cheap to ignore. the bar is low. the assets, i grant you is challenged. you have a movie studio paramount is a drag now. should be earning something. already signs of better performance. sometimes takes two or three years before those start to show through. new films and such have a long revenue life. i see it per financial results to come from viacom. i think stock moves higher. stuart: i'm done. i don't want anything more on insurers, on cbs. on viacom, on canada trade, on dairy. i don't want it. what i want to talk about is the bounceback for the social media names that have been down of
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late. look at that. google is down 10. twitter down. facebook down $3 this morning. i guess this is because people think there is some kind of regulation coming, is that right? >> there is a threat of regulation coming. there is a lot of talk last couple months. whether anything happens remains to be seen. i tend to doubt it. this is rhetoric. i think stocks are impacted by that rhetoric. liz: what is wild on facebook. look at nielsen time spent on all properties facebook, whatsapp, messenger, instagram down 7% combined year-over-year. so is that adding to pressure on facebook right now? stuart: does that follow that study, not quite sure of the details, a lot of people are closing down their facebook -- ashley: don't forget, apple will have this deal where it tracks the amount of time you spend on the phone. it will limit you, if you want to set your personal limits, that hurts facebook, shutting
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down your access to facebook. stuart: pressure on social networks. i want some excitement from this market, and i'm not seeing it right now. the dow is up nine points. social media stocks are down. viacom unchanged. whoop dedo. i'm trying to get fire for our viewers wondering what to do with their money. how about this one? will you buy groceries through a vending machine? walmart hopes so. ashley: depend on the groceries. would you buy a salad in a vending machine? probably not. that's true too. >> we used to go get chicken. liz: get your salmon sandwich at vending machine. ashley: price and how it is presented. in this day and age, people pick up a phone, have it delivered to them. i don't know if you want a vending machine. liz: i want a vending machine in the lobby of my apartment.
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stuart: jack hough, don't want to talk about the deficit. >> i will not try to fight you. you want to be excited this morning. are you looking for -- on subject of hurricanes, did i tell you about hurricane stocks? you will hear about hurricane stock idea at some point later today. forget all of them please. it is utter nonsense. people will tell you insurers are in trouble. home improvement stores are a good idea. home improvement stores are diversified across the country. it doesn't matter. reinsurers, prices for reinsurance adjust immediately. it doesn't matter. hurricanes are bad. people get hurt. negative for the economy. we don't want bad storms. we don't want people to suffer. stop with the investment advice. ashley: home depot hit all-time high. can i point that out, to jack's point? stuart: generac, the generator -- they do well in times like this. times like this, it is 9:40 eastern time. that means we're all off the hook. shah, don't need to drum up
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excitement any longer. ashley: mr. grumpy pants. you're grumpy. stuart: i want live, fire, you know, money to be made. >> how can you not be excited by viacom? liz: or the deficit. stuart: it is unchanged. liz: i'm thrilled by the deficit. ashley: universal income. stuart: shah ghailani, jack hough. splendid day had by all. >> i feel like i finished strong. stuart: you did. dow industrials up 26 points. we're at 26,000. is that exciting for you? it is for me. microsoft doing well. let's see. let's see. what is with -- up 21 cents. $11.45 a share on microsoft. -- $111.45. stuart: 55 days to the midterm, despite a booming economy,
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republicans fighting to maintain control of congress. congresswoman cathy mcmorris rodgers will try to explain the republican dilemma in a moment. much. amazon getting in the holiday spirit, announcing they will ship real, yes, real christmas trees this year. they will box them up and send them to you. ashley: put them up for me? stuart: more "varney" after this. ♪ epreciation. if your insurance won't replace your car, what good is it? you'd be better off just taking your money and throwing it right into the harbor. i'm gonna regret that. with new car replacement, if your brand new car gets totaled, liberty mutual will pay the entire value plus depreciation. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ metastatic breast cancer is relentless,
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in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my mbc with verzenio. be relentless. ask your doctor about everyday verzenio. stuart: hurricane approaches and just moments ago home depot hit an all-time record high. it has, by the way, hit a historic high every day this week. it is on track for its third straight record close. it just dropped a buck. home depot 212 right now. i have breaking news for you. this announcement just coming in to us, the government may pull flavored e-cigarettes off the
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market because of marketing to children. ashley: fda says absolute epidemic among youth. you have to be 18 years old to get them. government officials did a sting over the summer period, how easy for kids to get e-cigarettes under the age of 18. apparently, very, very easy. they have nicotine in them in a different form but it is nicotine. the flavors, they have cool cucumber and all these things. it's a huge, huge problem. they support cigarettes for adult smokers that smoke traditional cigarettes. they believe this is step in the right direction. unfortunately kids are getting ahold of them. they sent out 1300 warning letters. told manufacturers you have to stop targeting kid. otherwise we may pull away your right to manufacture and sell. stuart: fda commissioner scott gottlieb will be on this show today talking about e-cigs potential banning them from the
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market. 11:45, scott gottlieb on the show. we're right at 26,000. amazon wants to sell you your next christmas tree. you got to tell me all about this one, nicole. come on in. >> it is amazing. last year they were selling christmas trees under three feet. they had such demand, such popularity, now it is on in full force. seven-foot trees, 115 bucks. click on amazon, within 10 days of being cut, maybe sooner, you get your fresh tree. i feel badly for ups men that has to carry these boxes. they have wreaths, garlands, poinsettias, all the christmas needs. wait for it. shipping may be free for some prime members. i don't know the exact details, but said you could qualify for free shipping. so you don't even have to struggle with your tree anymore. you get a nice fresh one from amazon. they're putting everybody out of
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business even the corner guys. e-cigarettes, i have two teenage boys in manhattan, it's a huge problem. it is. i'm glad they're taking action. stuart: it is. nicole, thank you very much indeed. get back to politics. midterms are shaping up as uphill battle in the house and senate for the gop. joining us congresswoman cathy mcmorris rogers. chairwoman of the republican party. how is it possible, booming, i mean booming, prosperity all around us, its return, how is it in that context we have got republicans in trouble in any race in america? explain it. >> it's, you know i think it is really a result of the voters needing to focus it i the republican majority, it was our priority as a republican majority to enact policies to reduce taxes, reduce the regulatory burden, to get to this booming economy. it didn't just happen. you think where we were two years ago. we were talking about it being a
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new normal. in two short years we've gone from people being pessimistic about the future to optimism being a 20-year high. small businesses are growing. so it is really up to us to connect the dots for people. stuart: what are you going to do? why on earth is ted cruz in trouble in the great state of texas? i can't imagine this. is it the president himself who is problem, not his policies, which are wildly successful, but his persona, the way he appears in public, is that a problem? >> well, i think a lot of people focus on the president rather than focusing on our record of results. i'm proud of our record of results, house and senate. 68% of the bills the president has been signed have been bipartisan. for those saying really chaotic in washington, d.c., and on capitol hill, you look at the results, the house and senate, we've been doing our jobs. we're working in a bipartisan fashion. this 68% is a 20-year high, as
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far as number of bills that have been passed bipartisan. that story isn't being told. people aren't aware of that. they're focusing on the latest tweet, what is coming out of the white house, rather than taking a step back looking at results impact on the economy. small business at a record level. stuart: i want to bring up tax cuts 2.0. i know you will get this in front of the house. it is a fine thing, permanent tax cuts, easy to get a 401(k), more write-offs for small business, it will not go to the senate, is it? it will not be the new rule or new law? >> we'll see. this has been a long-time priority of ours to make the tax cuts permanent. so you mentioned some of it, is doubling of the standard deduction, making it permanent. the expansion of the child tax credit. the able account expansion. all of these need to be made permanent and many democrats said they would vote to make these tax cuts permanent. so the house is going to lead on
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this effort. i think it is premature to say what will happen in the senate. stuart: okay. cathy mcmorris rodgers, thank you very much for joining us. i'm sorry i gave you a hard time. economy is booming. we're prosperous again. i would thought mr. trump would win hands down. cathy, thanks for joining us. appreciate it. >> thanks. stuart: check the dow 30. more than half are up. we're up 30 points on the dow jones industrial average. now, let's get back to the story we covered for you, nasa. they want to put ads on rockets. what a concept, huh? nasa administrator, he is going to join us next with details about this new proposal.
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stuart: these are tobacco stocks on your screen. they're surging. why would that be? it's a hurricane-related story. there are concerns that florence could damage tobacco fields in the carolinas. that could drive up prices. up go those stocks, significantly too. altria up 3 1/2%. nasa looking into selling the naming rights for rockets. we talked to you about maybe the budweiser rocket or the fbn rocket, who knows. who better to ask than the nasa administrator himself, jim bridenstine.
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welcome back, jim. always great to see you. >> stuart, great to be here. stuart: are you doing this for revenue you take in or are you trying to change the culture of nasa? >> i want to be clear, we haven't made any decisions yet. these are concepts we're looking into to determine, do we need to change law, do we need to change regulation to do these kind of activities. but i want to start, if it is okay by saying this, nasa is looking to being a customer of many customers for access to low earth orbiter and in order to do so we already decided we're not going to purchase, own, and operate our own rockets to get to low earth orbit or get to the international space station but instead we're going to buy access to space as a service from companies like spacex or northrop grumman, or boeing and in fact we have already done this and so the question becomes if we are a customer of many customers why could those providers of that service not sell, not sell their rockets
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as -- one example. i drove to work this morning on the metro here in washington, d.c. the metro of course is a government program and yet on the metro it is covered with advertisements and advertisements for everything under the sun. stuart: so, look, it sounds like you're going to convert nasa almost a private enterprise company. >> absolutely not. stuart: government entity, well act like a private enterprise company? >> in some ways yes. where there is already a robust commercial marketplace we want to be one customer of many customers for access to low earth orbiter. there is already a robust commercial marketplace there. what that enables us to do, drive down our costs, increase our access. our providers have to compete against each other for both cost and innovation. and then we can use our taxpayer dollars that nasa receives to do things, where, commercial
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industry won't go. we want to go back to the moon. we want to retire risks so that we can go to mars. the way to do that, make sure that we're taking advantage of commercial markets where they exist and then going further where commercial markets don't exist. stuart: jim, there is nothing wrong with that. sounded like a really innovative idea. bring it into nasa. good stuff. jim, out of time. appreciate you being with us as usual. >> always, you bet. stuart: thanks so much. how about this, a new low for the left on judge kavanaugh? they're offering senator susan collins a financial incentive if she votes against him. but if she votes to confirm, more than a million dollars foes to senator colins opponent in the next election. i will call that bribery. my takeno next.
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how did edward jones come to manage a trillion dollars in assets under care? jay. sarah. so i have a few thoughts on that early retirement... by focusing our mind on whatever's on yours.
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stuart: in the cement, a bribe, here is how it works. senator collins both yes on cavanaugh a crowdfunding website will get $1 million to her opponent. in 2020. her opponent will not get the money if senator collins votes no. vote the way we want or we spend big bucks to beat you. as of tuesday afternoon 37000 people have handed over their credit card information and pledged $1,041,000. the pledges will be activated if collins votes yes. i don't care whether this is legally a bribe or not but amounts to buying a vote. it's not have any part in our
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politics. senator collins has also been subjected to a barrage of out-of-state anonymous voicemails but need violence and received 3000 containers as a not-so-subtle reference to abortion. senator collins by the whole thing offensive and she says she will make a decision based on judge kavanaugh, his character and integrity. initial temperament, record and respect for the rule of law and fidelity to the constitution. i can't find anything wrong with that. there's a lot wrong with the way the democrats have conducted themselves during the kavanaugh hearing. it was a circus, an embarrassing circus. this million dollar bribe to senator council is absolutely out of bounds. for the left the lining of writing is on the wall. dictated and dominated our culture for a generation. time is up. second hour of "varney & company" is about to begin.
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dow was up 53 points. [inaudible] take a look at apple. it's a drag on the dow because it's a dell stock, down 1%. they got big unveiling with new products coming out today and more on that in a moment. take a look at home depot. hit a record high earlier this morning and the keep like this it'll be at another third consecutive record high close, down a dollar 80 at the moment and $2.12. the hurricane effect affecting the price of oil could affect key pipelines and oil has gone to $70 a barrel. we get a read on how much oil we got in storage at the bottom of this hour. that again could move basis. back to my take on senator susan collins facing pressure from activists to vote no on but kavanaugh. financial pressure.
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i'm calling it a bride. former deputy assistant of george w. bush. do you think it's effective politics on the part of the left? >> to no effect. if anything, it will make susan collins show exactly what she is made up and she cannot be bribed or bought. she cannot be intimidated but she's a state woman. so do the right thing because it's the right thing to do. if they have to stoop so low as to intimidate and try to blackmail a us senator is all for not because the right thing to do is vote for brett kavanaugh. there's no reason for her not to vote for him. this will backfire. they could raise 1 million but will raise 5 million on their advertising because susan collins deserves to support because of the way she votes and because of her stances, not because she's been bribed, afforded or extorted. stuart: up at the same question to you i put two other guests
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this morning. why is the republican party in trouble in the elections for the house and senate when we've got a booming economy? i honestly don't get it. can you explain it? >> yet, were not staying on message. we are distracted by a media who has absorbed with the resistance against this administration. they are working overtime, look at what the new york times did in the unprecedented publication of an op-ed of anonymous sources. we are fighting with one hand tied behind our backs because the resistance of the media is so strong. it's - millions of millions of dollars of anti- so the way we overcome it is we have to stay on message. economy is great but we have history against us. since the civil war we lost on average the party in power 33 feet the house into in the senate. we have to defy history and the
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only way to do it is by delivering a positive message. stuart: let's get added. will the republic and have a problem with president thompson, his persona, a way of being the president, language, is that a problem in these elections? >> yes. in some house districts and some districts it's a problem and in others it's not. certainly the president has to free up many women who are running for office to use the message that works for them. bottom line is we have to maintain our majorities to keep the momentum going on the economy and take it to our adversaries and the only way to do it is to win. math is against us but we have a positive message that is for could affect that. stuart: without the most positive message in free time. 876,000 small businesses started up, 876,000. it's been over 800,00043 successive quarters and in the obama years we never got to 800,000, in a single quarter.
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that is the probe news on the economy. get out there and run with it. may i suggest. [laughter] >> your suggestion should be heated by every man, woman and who stand for election. stuart: thank you for joining us. let's get to the markets. let me deal with something overseas. we are seeing a selloff in overseas markets especially as asia. and that, asian markets it's the worst selloff in many, many years. sixteen years or something. jason is with us and you are bullish. i think on the american market because you say the us economy and market is the only game in town, correct? >> yes, there are so many trillions upon trillions of dollars in the world that when this safe haven aspect concept bubbles to the surface again, as it is right now, people aren't buying gold and people aren't buying bonds because interest rates are going higher where
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does the money go? it goes to your committees which are doing well. the dollar is appreciating, banks are doing well, rates are going up and it's good for banks. us stock market is the safe haven of the equity world and we see that. stuart: who would have thought. you say it's finally time to buy facebook. facebook is now up to 163 or 164, 162 right now. you say now is the time to buy and make your case. >> i do. thank you for the opportunity. facebook has gone from almost 230 down to the 160s and for a company like facebook not a startup to have a 30% drop is irrational. if the opposite of rational exuberance but a rational pessimism. facebook executive has said listen, revenue will come down but even with revenue coming down, it's not 50% growth or 30% growth but so much possibility in this company and have instagram and they're not just facebook but a true conglomerate
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of social media. this is a phenomenal entry poi point. stuart: got that one. what about apple? they are unveiling new phones and a redesigned watch today. i thank you are buying apple now ahead of the news announcement, is that correct? >> you are buying apple now after warren buffett but yes, ahead of the news in here is the interesting statistic i found. the sixty-day subsequent to the past new product announcement five of the past announcements post six days apple has rally. have history on her side and the numbers on her side and fundamentally you cannot argue with apple and the oracle of omaha loves it, i love it. stuart: can i ask this real fast. i don't know whether you take politics into account at all but if you were to see the democrats win back the house do you think the market would suffer?
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>> temporarily. i think there's a fundamental underpinning of strength - we are seeing billions and billions of dollars of repatriation money come back. i don't think the tide will turn that strongly. we may get a knee-jerk reaction but as we have seen those types of jerks don't last. stuart: we appreciate the way you dealt with politics. good luck. let's get to the hurricane and her name is lawrence. wins 130 miles an hour could be upgraded to a cap five, mandatory evacuations in the carolinas and wondering where people are heading or are they heeding that warning to get out. we have a view from the ground. that's interesting. are they leaving. economic indicator of the day, big one, 876,000 new business startups in the first three months of this year. that is huge. john is the rescue guy and all
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about helping small businesses survive and thrive. is he seen a boom in his industry? alaska because he on the shelf at chicago's mayor rahm emanuel wants a trial universal basic income system even though he's not running for another term. wonder what governor mike huckabee thinks about that one? i can guess. you are watching the second arm at an hour of "varney & co.".
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stuart: we are up a little bit of the dow industrials, 11 points higher, 25092. look at micron it's a chip maker and got a downgrade to neutral from goldman sachs did it and down goes micron to the tune of five and half percent. look at that. record low getting multiple
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downgrade this morning and it's at $8.95 a share. second, 2017 went public, sorry, $17 a share when i went public and now below $9. big economic story of the day. record number of job openings, 6.9 million and small business startups. an incredible number there. because of the chump economy. john tapper, i was struck by that number. 876,000 business startups in just the first three months. you are in this line of business. are you seen it? >> it's unbelievable. we were about 720,000 a year several years ago. it's exciting. stores on main street's are starting to light up again. you can feel it and people are creating jobs to start businesses. they have a confidence that they will take risk and move forward
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again. stuart: is that the hospitality business, barbados, is that where they are starting? >> a lot of them. local card shops, barber shops, salons, classic small businesses are opening. it's great to see because the consumers are reacting and look at some of the retail numbers. stuart: it's your job to keep them open and driving, bar rescue and all that. i want to bring this to your attention. burgerville, restaurant change in oregon it will allow its employees to wear political pins on their clothing while they are at work. i want to know how you feel about this because when you allow an employee who goes face-to-face with customers to wear political slogans on their clothing as there are meeting customers, would you allow that? >> of course not. it's a corporate mess up at a very high magnitude. company had no policy regarding employees wearing buttons and
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employees wear buttons abolish i.c.e., antitrust buttons and the management now says you have to remove the button and employees refuse so they are told to leave. after days the union argues it and the employees about back and they're allowed to wear the buttons now and got there missed pay. now the union is taking a position that it is unfair for burgerville to have employees suppress their political views because they need a job. this is unheard of. not only does it alienate customers but alienates other employees. workplaces should be unified with a common vision and common goal. this disrupts the entire premise of smart business. stuart: the owner of the business should be able to lay down the law on clothing and pens and politics for people at work. to me, it's clean-cut. >> it is clean-cut. in the bar business there are two things we don't talk about, politics, religion and sometimes
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family. stuart: i thought the other one was sex but you talk about that in - [laughter] what is this about in china the drinking more budweiser that is junk in the united states, is that right? >> it is like. mastic beer consumption for a long time man at about 80% of beer consumers and now it's down to about 60% and that's a big drop. good news is it's been picked up in china and they loved budweiser. here in america there's a whole snobby element of our society that burns our nose up to brands like rapid sometimes we need to be reminded when a brand becomes one of the largest in the world is typically a reason why. it's a pretty good beer. [laughter] stuart: go back to the business startups. 876,000 and am i right in saying when it comes to restaurants mom and pop restaurants 40% of them
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fail fairly quickly? is that accurate? >> it is. double-click the old line at vince lombardi used, he didn't lose game but ran out of time. businesses would've been successful if they had enough money to make it another month or two and get over the hump. it's a shame. a lot of promising new small businesses fail not because they did not have promise but because they ran out of resources before the promise became a reality. stuart: job, get on a plane and fly to south australia and coach my son who is just opened his own bar, brewery, winery. he does not need help yet but to take your advice. i will pay your airfare. >> i'll take lunch, stuart. [laughter] stuart: john, you are all right. thank you. check this out.
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[inaudible] has a ranking of most valuable college football programs in the texas longhorns have lost the top spots. texas a&m is now the most valuable program. the average $148 million in revenue, texas a&m. more than any other team, that is for sure but coming up, talk to a former college all-star. he had the world at his feet but the two-minute concussions he hung up his helmet. we will - he will tell us about his decision a little later this hour. rising demand for lithium used in batteries is exceeding
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to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. stuart: maces, they are hiring 80000 employees for the holiday
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season. they always do this but this year they are hiring more than usual. macy's 36 right now. working florence, yep, mandatory evacuations of an on the coast of the carolinas. jenkins is an atlantic beach, doctor lineup. i hear people, they've heard the warnings but many people are not leaving for it is that accurate? reporter: that is right. here in atlantic beach, in the surrounding counties in north carolina you can see it's a gorgeous day and people out here on the beach getting a last look at sometime in before the storm but there's a mandatory evacuation order and they have to be out of here by 8:00 p.m. the bridge onto atlantic beach closes and it is 7:00 p.m. and the threat here is very unique. governor talking at a press conference all morning long about why they are still worried even as the - worried about the quadruple threat. high hurricane wind coming and at the top of the storm with the
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dirty side, you will still get wind and you're likely to get storm surge. where i am standing the contract will put this entire beach underwater by friday morning but the other two components are significant. that's extreme flooding, extended rainfall because inland, two years ago when hurricane matthew hit it flooded areas because you have four rivers, [inaudible], they track water inland in low-lying and that was a major problem then and now you're talking about a storm that may park itself for 36-48 hours and drop 25-30 inches of rain. your unique situation. borderline officials said their predisposition national guard trips, great. they are ready but for folks like this out here they need to understand in all local officials that the mayor of atlantic beach said this is a
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mixture of all kinds of danger situations that if you can get out, you need to do it before it is too late. otherwise, you're guaranteed likely to be stranded and you could be in a life-threatening situation, stuart. stuart: yeah, i can see the point. but you can't force people or drag someone out of their home. you can't do that. you can warn them and say that we will not be able to rescue them so we are not liable in case you get hurt but you can't force them to get out other house. we will be back to you for another 48 hours. see you later. thank you. check that big board. if a go nowhere market buspar today. up one point, 29702. rahm emanuel, mayor of chicago found a way to keep his legacy alive. or so he thinks. he may not be running for another term but he's pushing a universal asic income before he leaves.
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saddling his successor with an impossible program. [laughter] attorney general jeff sessions reportedly open to a probe of the big social media companies is regulation coming back were on that one guaranteed. . .
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♪ stuart: yes. oh, yes. i love this song. it is so cool. "here comes the sun." trying to remember the words now but i can't. ashley: here comes the sun. liz: here comes the sun.
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[laughter]. stuart: it's all right. liz: how do we forget that line? stuart: it's a great song. this is the first song played at woodstock in '69. ashley: look at you. stuart: look at me. my colleague david asman was at woodstock, did you know that. that is a shoutout, david. 10:30. i think we've got -- liz: waiting on it yet. stuart: what we're waiting for oil. hold on. we've got oil at $70 a barrel because there is pressure on oil because of the hurricane, the pipelines. maybe more sanctions on iran, getting their oil. stuart. now what. liz: six times more than what the market was expecting. 5.3 million down. oil is popping at a four-week high. florence, iran, more issues pressuring the oil market. stuart: $70 a barrel oil going up as we speak. lizzie, thank you very much indeed. big tech names, you have to look at them.
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where all the money keeps going. they're all down. facebook, apple, amazon, alphabet, all on the downside. not by much but they're down. chicago mayor rahm emanuel is not running for re-election but is pushing for a universal basic income system for the city. he want as bunch of people to look into it as a possibility. that would be his legacy. sad link his successor with a very expensive program. what would mike huckabee, former governor of arkansas think about that? governor, we were speculating, just trying to think, what would huckabee think about a universal basic income system for chicago, near bankrupt chicago. we figure you wouldn't like it? >> yep. his legacy will be the record number of murders which is not a good one but this idea of a guaranteed income where you hand people checks, no accountability, no real understanding of what they use the money for, that's like saying okay, my last act as mayor is to toss some gasoline
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and a match into a house and run lick the dickens get out of there before the thing burns up. it's a ridiculous idea for a couple reasons. let me be fair. some people in poverty need help getting out. they need help with job training and certain types of transportation and child care. we learned that in the '90s, when we did welfare reform. states did that successfully. we moved millions of people from welfare to work. there is the key. you move people not to a government check. you move them to a paycheck. the best antidote to poverty is a job. help people get jobs. in this economy there is no excuse for people who are able-bodied to not have a job because people are desperate for employees. stuart: contribution of the emanuel family to america is difficult to wrap your arms around. rahm emanuel's brother, sikh, ezekiel emanuel, he was one of the designers of obamacare, and always laughs his way through
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all kind of interview when you ask him any pressured questions. rahm emanuel, the mayor of chicago, with that dreadful murder rate, that family is not looking real good in politics, is it? >> well, i don't think so and i want to say again, poverty is a serious issue for many people in this country. we ought to look at it. there is a way. there is a way to do it come passionately. one of the things that has to happen in any government poverty program, you don't penalize people for going to work. historically the way government programs work, if you get a job, then you instantly cross a threshold and you lose everything, everything from section 8 housing to medicaid to wick and all sorts of programs frankly are very vital. there needs to be a sliding scale, as you go to work, you improve yourself, you always are edging a little better ahead rather than getting further behind. when you create programs like that empower people, incentivize people to go to work they will
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to to work. right now if with a person does better by not working they're not as stupid as the government. they will stay home take the checks and the government sits around picking lint out of their navels, why they can't stop poverty. stuart: from "the washington post," of all places "the washington post," middle class income hits an all-time high of $61,400 last year. that would be 2017. that would be the first year of the trump administration. i thought i would leave you with that one. you have an opinion? >> i would just say, thank you obama. he will make a speech sometime this week and he will pat himself on the back for that. stuart: got it. positive, you're all right. thanks for joining us sir. >> always a pleasure. stuart: we have an amazon story every day and here is this one. they will start selling live christmas trees shipped to your door. tell me more. ashley: the story here is the size of the tree.
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last year they would ship trees three feet or smaller, which is the charlie brown i guess christmas tree. this year they go up to seven feet or more. seven foot box could be sitting on your doorstep when you get home. ship the tree to you, douglas fir, within 10 days of cut down. not put in water, cut down, put in the box, ship to you, they say it should be fine. stuart: would you do it? ashley: if someone would put it up for me and all the decorations. liz: if it came with the presents, just kidding. and coal in the stocking for you would you do it? would you do it? stuart: yes i would. liz: i would do it. stuart: when i was a little kid off we would go to the christmas tree farm, you saw one down, strap it to the van come back with it. i don't live near my grandchildren these days. liz: you want it decorated in the mail? stuart: yes i do. i want everything done.
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i want it to stand up dead straight. you know how hard it can be? ashley: yes. the old battle. >> next case. attorney general sessions think about regulating social media companies. we have the chief financial correspondent at "axios." he knows a thing or two about social networks and -- >> universal income. which is a great idea. i'm all in favor of that. stuart: you don't believe that. >> if mike huckabee wants people from poverty to put them to work, look at actual evidence, giving people guaranteed money increases the probability that they will find a job. stuart: you have a british accent. you an englishman? >> i am. stuart: what the devil is going on, the brits export their socialists here? >> they're exporting all of their people because falling into the sea because of -- stuart: what are you thinking? you support a universal basic income? >> maybe not universal for poverty. stuart: free money for god sake.
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>> free money is awesome. the best way to give people out of poverty to give them money. stuart: do you pay tax? >> i do. stuart: you have no objection tax money going to people free, transfer, no objection to that? >> unconditional transfers are very powerful, yes. stuart: how long are you going to be in america for? >> i'm a citizen now. stuart: you're a citizen? so you vote? ashley: didn't they try this in finland and fell apart? they yanked it. it didn't work. no incentive to work. liz: so costly. >> that was not the reason. liz: it was the reason. >> cost was the reason but work incentive played out. you wind up working more and being healthy, have healthier kids bo to school more, those findings, especially, stronger in places like sub-saharan africa you see differences happen much more rapidly. there is a good case to be made it happens in all countries. happens in alaska.
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alaska is republican state. they give everyone unconditional check every year. stuart: that is dividend from the oil, dividend supply. has no nothing to do with universal basic income. are you socialist? >> no. stuart: what are you? >> maybe. stuart: way left of center? did you declare that when you came to america rand came a citizen? into they asked me if i had been member of the communist party and i had not. stuart: you had not so you are off the hook. you can be a social i -- socialist on television. >> they didn't ask me. stuart: i digressed on universal basic income. you may be back. i'm not sure. viewers will not be very happy about this. >> should be. free money. who doesn't like free money. liz: taxpayers. stuart: people handing it out! people like me! >> you have too much. stuart: you done it now. you really done it now.
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i got to move away to something else. get off my set. [laughter]. no, peter, you're all right, son, you're just misguided. president of the united steelworkers union. they want more money now. steel profits gone up, thanks to tariffs. i'm sure our friend here would be very much in favor, far more money for everybody except me. first, concussions and cte, big issue in football of course. coming up i will talk to a former unc player who chose to quit the game after suffering multiple concussions. he is going to tell us about his decision. he is next. ashley: wow. ♪ you know, i used to be good at this. then you turn 40 and everything goes. tell me about it. you know, it's made me think,
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i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade.
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♪ ashley: congresswoman cathy mcmorris rodgers joined us last hour to talk about the efforts of the republican party to get the economy booming. take a listen. >> it's, you know, i think it is really a result of the voters needing to focus on the fact that it is the republican majority. it was our priority as a republican majority to enact policies, to reduce taxes, to reduce the regulatory burden, to get to this booming economy. it didn't just happen. you think where we were two
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years ago. we were talking about it being a new normal. in two short years we've gone from people being pessimistic about the future to optimism being a 20-year high. small businesses are growing. ♪
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stuart: here comes florence. now look at the insurers. allstate has a lot of exposure in carolinas. how about the energy? duke and scana is up a tiny fraction. duke down a fraction. at moment hurricane effect is not pronounced on insurers or utilities. switching gears. our next guest was a rising football star but he gave it all up after suffering a series of concussions. tommy hat ton, former unc football player joins us now. take us through the story. what happened to you? >> thank you, mr. varney, for letting me on the show. on august third, 2016, i received a routine hit, left me in concussion state for four months. i consulted some of the best neurologists of the nation including here kevin at unc alongside my amazing family.
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they came to the conclusion i should medically retire from football. stuart: you did. the world was at your feet. you had a promising future. you made the calculation that your health was more important than your wallet, is that roughly accurate? >> yeah, absolutely. you know, mr. varney, life is so much greater than just football. football teaches you so many amazing things. how to work good with people. how to be goal oriented. how to just work with teammates. i took those lessons and took it to whatever is next in my life. stuart: this concussion problem is a huge negative for the whole sport of football. i mean we think in terms of the anthem problem, got that, but concussion is really grinding away at the game. if i'm not mistaken, tommy, far fewer youngsters are now playing football and it is because of the worries over concussion, that's right? >> yeah, absolutely. stuart: what exactly do you feel
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like when you were like in your concussive state? what's that? >> during that time i had extreme headaches and dizziness. i couldn't operate my everyday life. i couldn't go to class. i had to wear glasses inside. that is very extreme circumstances. a concussion can last a week of having mild headaches. mine was very extreme. stuart: was it your first concussive experience? >> it was my fourth, which honestly was the reason why i stopped playing football. yeah. stuart: so what are you doing now? >> yeah, absolutely. so, you know, i've got to take all the lessons that football brought to me. i was recruited on another team, sport tech start-up, learn to win. i helped could found a sport tech start-up along two amazing guys, andrew powell, sasha seymour, we have a great team where a bunch of young innovative guys we're excited about our future.
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stuart: do you want to see real change in football? >> yeah, absolutely. football is such a reactionary game. i think concussions are impossible to eliminate. by teaching better techniques and fundamentals at a young age we make real improvement in the game. when a safety breaks on a slant route, he is not thinking where his helmet is going or spearing somebody in the head, he is thinking about making a play. stuart: would it still be popular as the all-american tough guy sport? >> yeah, absolutely. it is still football. just with bert techniques and fundamentals, there will be aber game, less injuries. still great to watch. people will enjoy it, fans enjoy it. it will be america's game. stuart: tommy, we understand you're a viewer of this program. thank you very much for joining us this morning with your story. we appreciate it, tommy. good luck to you. >> thank you, mr. varney. i would like to come back on with my partners to talk about learn to win down the road. it would be something you might be interested in.
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stuart: if you're not careful you will be invited to come back. >> thank you so much. stuart: sports of sorts here. tennis umpires thinking about unionizing after the incident with serena williams in the u.s. open over the weekend. unionization? ashley: unionization. even talking about boycotts. umpires -- stuart: of who? ashley: of serena williams' games. do not forget in her tirade as she lost to the open final, she said to the umpire involved in this, carlos ramos, you will never ever be on another court of mine, screamed serena. i think the umpire said look, he was left out to dry for way too long. the tennis associations weighed in, criticizing him, saying it was sexist, when he was upholding the rules. they by law are not allowed by their own rules not allowed to talk to the media about it. they felt, wait a minute. we're not being represented. we're being held out and
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vilified. not being able to respond. we're talking of unionizing, perhaps boycotting because of treatment carlos ramos received as he was referring that game, umpiring that game. liz: he has been tough on male players should be noted. it is rules. stuart: you're a great star as she is. don't behave like that. repercussions. activists going after senator susan collins, republican of maine. a crowd funding website raised a million bucks to give to her opponent if north collins says yes to judge kavanaugh. martha maccallum next on that. ♪ let's take a look at some numbers:
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stuart: well look at this. tobacco stocks are up today. why would that be? well there is concern of a hurricane florence that it could damage the tobacco fields in the carolinas. that could drive up prices. so look at that. stocks are up. altria up 7%. british american tobacco up 6%, big gains. activists using crowdsourcing to raise more than a million dollars trying to force senator susan collins to vote no on judge kavanaugh's confirmation to the supreme court. if she were to vote yes, the
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money would go to her opponent. what's with that? martha maccallum is here to sort it all out. she is the star of "the story" on fox news channel. it's a bribe by any other name. >> it is absolutely bribe. susan collins' people said as much. they will not buckle to this. clearly pressure that exists on sues can collins and also murkowski in states where they have basically held the line, where they are republicans who are also pro-choice. the pushback here is enormous. it is all about roe v. wade. stuart: but it is dirty politics? >> it is absolutely dirty politics. stuart: they call it financial indunesment, vote this way, your opponent won't get the money. vote this way, your opponent next time get as million dollars. that is dirty politics. >> i oppose some people could look at campaign finance laws, making a argument, it is free speech, using their money the
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way they want to use it, they're trying to entice her. she can vote the way she wants. she is not up until 2020. they don't know the opponent. more than anything they're trying to put pressure an influence on her. she has not said definitely how she will vote here. she had some concerns about his testimony when he was doing his hearings to become the district circuit of appeals court judge. she says, if he misled in that. trying to leave the door open essentially. everybody is looking for their s.a.f.e. zone here. in collins and murkowski decide they will not vote for kavanaugh, look at schumer, he may look to lock up all of his red state democrats, to put pressure on them to vote against kavanaugh as well, if he looks like sail through with both murkowski and cavanagh votes, schumer will give them a pass. stuart: you may well be covering on your program the violence, threats of violence from the left we've seen to the right. progressive activists
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threatening gun violence at maga event. gop office set on fire in wyoming. knife attack on gop congressional candidate. >> unbelievable. stuart: dreadful, absolutely dreadful. >> in the new decision not to press charges whole question of president trump back -- that has become sort of the excuse i think for some of this. oh, well the president started it. he was inciting violence at rallies. this decision by this court not to go, follow through with this against president trump for saying, get him out of here, get him out of here back in march of 2016 in louisville, that, you know, obviously people on the ground who were throwing punches, exhibiting horrific behavior did so of their own accord. that is what the court ruled. stuart: i will be watching you tonight to find out -- >> cozy home and nice -- stuart: i'm in bed at 7:00. thanks so much. all right.
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- [announcer] call the hartford at. to request your free quote. that's. or go to. stuart: this economic boom has legs, it will last. it is not a sugar high as critic s suggest from january 1st through march 31st this year, three months, there were 876,201 applications to start a new business. 876,000, that is huge. we've been told the entrepreneurial spirit had died? totally wrong. the entrepreneurial spirit had to be unleashed and trump's growth agenda did it. the government is tracking new tax i.d.s, start ups since
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2004. until trump came along they had not seen any 800,000 single businesses in any quarter. we're talking about millions of trump era new businesses. they employ people, they create jobs, and there are now 6.9 million job openings. that is a record. it has a lot to do with all those new businesses. this will not dry up suddenly. for the rest of this year, we're looking at continued strong growth. true, a trade war would hurt. higher interest rates would not help. nor would a power shift in congress but these are not boom killers. more importantly, business in america has been set free. and the obama years it was reined in, taxed, regulated and deeply distrusted. trump got rid of red tape and encouraged investment. it worked. the entrepreneurial spirit is back with a vengance and that is a very good thing. the third hour of
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"varney & company" is about to begin. ♪ stuart: we're up 18 points. kind of a go nowhere day, despite activity on the market. you heard my rant about economy. charles payne is here, does "making money with charles payne, on our network. we have john lonski, moody's chief economist. charles, you heard my take. it is a boom, i think it has got legs. will you take me on? >> no, i agree 1000% because if you look at components particularly on corporate investments. one thing i've been pounding the table on, every month i tell people look how many trucks are being ordered, big rigs out there. july was 53,000, all-time
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record. they take the dow jones transportation index to new high. anybody making a fortune in the market, will tell you, without transportation leading the way any rally will be questionable. transpose at all-time high led by rails and trucks. they carry goods in this country. businesses are investing, building plants, they are making investments you don't make frivolously, you have to have confidence for three years and much longer. stuart: glad you're back, charles. johns lonski, same question. i think we have economic boom and it has legs. you say what? >> at least several more years through 2020. stuart: several more years? >> years. i think that will be the case. he talking about the jump in more capital spending. more capital spending employs faster to productivity growth. faster productivity growth will compensate for the seeming shortage of workers we have
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today. let's not forget, there is something odd about this recovery. despite the fact we have very low unemployment rate, the labor force participation rate for prime age americans, 25 to 54 years of age is like 2 percentage points less than it was the last time we had unemployment rate under 4%. so we have to get these people back out there into the labor force. put them at work. i think it is premature to conclude that a shortage of workers is going to bring a halt to the business cycle. stuart: i have to go back to this, you say this boom continues for years. what do you mean by that? 3% growth, 4% growth, each and every quarter? >> earnings growth and profits growth, doesn't have to be 3% growth. the fact of the matter we'll not see a substantial rise by the unemployment rate perhaps until after 2020. stuart: no recession? >> no recession. stuart: no recession, okay. next case, let's bring politics into the mix. charles, what happens if the democrats retake the house? what happens to the economy,
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what happens to the market? >> i think the market will be okay because some of the major things president trump wanted to get through like regulatory cuts and first round of tax cuts have gone through but i will say this from a political point of view, you talked about these job openings. american express did amazing report entrepeneur on theship and what is happening with women. both parties are targeting women. do you know from 2017 to 2018 on average every day there were 1821 jobs added to the, new businesses started by women in this country, every day? 1821 every single day. by the way, 64% of them were african-american, asian and latina. this is extraordinary boom going on, it is being led by women in this country. i hope the way the president speaks or some of the tweets, don't side track these folks who are now getting a chance at the american dream, that they're going for it, right? they can see their opportunity. don't derail the underpinnings
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of this. stuart: i have never seen those statistic. >> it is an american express survey. stuart: that is remarkable stuff. i will break into this for a moment because we have jpmorgan jpmorgan chase guy, jamie dimon, america's top banker is taking on president trump. ashley: this is interesting. he is publicly said he is not interested in running for president. he said this at an event i think i can beat trump. i'm tougher than he is. i am smarter than he is. i can beat the liberal side of democratic party. this wealthy new yorker actually earned his money. it wasn't a gift from daddy. ouch. really taking on trump at this event. we don't know. not sure. stuart: can anyone guess why would he take on trump? i'm asking you to guess here? >> i would say wall street, remember we started the week talking about wall street executives going over to china to push back against the trump
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administration. wall street is heavily invested in the status quo, bringing jobs back, upsetting the applecart. they don't care anything about that they care about the bottom line. they want margins to expand. if you get cheap labor, china, vietnam anywhere else, they would go anywhere else. president trump is upsetting the multitrillion dollar world. would i be cautious if i was jamie dimon because the banks got massive bailout. ashley: they did. >> fed printed four 1/2 trillion dollars. he earned his money but banks got a little bit of help from taxpayers. stuart: john? >> i think message is trump should take a less aggressive approach to using tariffs as a weapon in these trade talks. stuart: wait a second. we have news on canada, they're willing to accept some dairy products from the united states. so there is a break in the dairy impasse. i don't know whether they will be subject tariffs going into china. >> nafta, making progress on that front. deadline is october 1st.
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i'm willing to bet we'll see a continuation of nafta in one form or another. that the trump administration will not allow that trade agreement to expire and wreak havoc with north american economies. stuart: after that a deal on china? >> eventually you will probably get one. he will see fit -- midterm elections are drawing closer. something has to be done. stuart: we're not in a trade war, and you're not worried about a trade war hurting market or economy? >> right now we have trade skirmishes, not exactly a war. stuart: trade war, trade skirmish, not going to hurt the economy or markets, what say you? >> not right now. it will have an impact but i think people need to understand, like any kind of war you will have casualties longer it goes on but what are you fighting for and it is it worth the fight. americans believe it is. media and embedded interests like wall street promote status quo. they are telling americans it is okay, people told me apple shouldn't bring production back
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to america. a, we're too dumb to make iphones, b the price would go up. this whole chicken and egg scenario, ridiculous to talk about price, first americans need a job. price is irrelevant. if i don't have a job, i don't care if the phone costs five bucks or 500 bucks. first get me employed. let's discuss costs. stuart: whatever the hell you had breakfast -- ashley: you want some. stuart: charles, john, thank you very much. thank you, gentlemen, all good stuff. now this, attorney general jeff sessions could be going after social media companies for violating consumer protection, antitrust laws, you name it. sessions will be meeting later this month with republican state attorneys general. the stocks, the social networks are down. they may be expecting some kind of regulation and that's why they're down. look at twitter. it has dropped below $30 a share. google is $18 lower as of now. apple will unveil new phones and newly-designed watch later on today.
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at their building in california, as you walk up to the new products, apple's stock is actually down. sprint and t-mobile, look at them. the feds say they will delay reviewing their proposed merger. on that basis both stocks are up. go figure. now this, millions of social security numbers were stolen and used by illegal immigrants to get a job. you won't believe the total number. it is huge. steelworkers demanding bigger pay raises now that tariffs are boosting profits at steel companies. next the president of the steelworkers union. i want to know how much money they are asking for. of course there will be a story, your money, including all the positive economic news of the day. that is what we like on "varney & company," good, strong, positive stuff. we'll be back. alerts -- wouldn't you like one from the market
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stuart: just a few seconds ago we were down. now all of sudden the dow is up 74, 75 points. i don't know. a news event moments ago. now we're up 75 points, at 82 points, 83 points. i will figure it out, believe me. u.s. businesses are spending big to lobby against the president's tariffs. organizations representing literally thousands of companies announced they're cooperating in a lobbying campaign. it is called tariffs hurt the heartland. ashley: u.s. proposing new round of trade talks with china in the very near future. that's it. stuart: that's it, thank you very much. ashley: you're welcome. stuart: the u.s. suggesting a new round of trade talks with china in the very near future. that did it. bang. ashley: we're outreaching to the chinese through secretary mnuchin. stuart: we're outreaching to the chinese through secretary
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mnuchin. ashley: there you go. stuart: from you to me to the viewers. we're up 80 points. ashley: there you go. stuart: we're up 80 points. progress on trade. more on tariffs for a moment here, steelworkers demanding higher wages because steel prices are up 30% this year. they want to get a piece of the action. this year u.s. steel proposed a six-year contract with a raise of 4% in the first year, 3% in the next two years, 1% in the last three years. come on in, leo gerard, president of the steelworkers union. sir, great to have you on the show, welcome. >> good to be on, thank you so much. stuart: first year being offered by u.s. steel, 4%. how much more do you want? >> that is not the sole issue right now.
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let me finish. i think u.s. steel, i don't mean u.s. steel companies and u.s. steel industry hurt by unfair trade 50 years. we'll continue to lead the fight argument about the 4%, the changes the company wants in other areas, including incentives in the work place, including health care costs are really taking that 4%, making it disappear. during the last collective agreement, our union took no changes improvement in benefits, we went flat for three years. during the same., when u.s. steel was losing money, top five executives gave themselves $50 million in bonuses that doesn't represent in the work place when we sacrificed three years to insure the industry survives.
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if they give us money with one hand and take it away with the other, that will not improve the standard of living for our members. that is the dispute or the debate. we're still at the bargaining table. we went at the bargaining table, hoping the industry and company recognized sacrifices we made so they could survive into the long term. stuart: steve prices are up in the neighborhood, depends which you're talking about, steel pricings are up because of threat of tariffs of steel coming into the country. am i right essentially saying prices are up, profits are up, you want a bigger piece of the pie? that is where you're coming from? >> i think prices are up. profits are up, we want a fair piece of the pie. we didn't go to the table asking for unfair results. we went to the table with open hands saying look it, we helped you survive for the last 15 years. you will make almost $2 billion this year. it is important that our members get a piece of that pie and a
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fair piece. in particular we have to take care of people who will be retirees. who will get stuck with health care bills they can't afford. stuart: okay. >> one of the worst parts of the company's proinvolve, they got wage increase by shifting cost of health care on to our members. and extreme costs. they want the right to be able to change the health care system during the agreement. we're not going to agree to that. stuart: leo, i got it. i understand where you're all coming from. i wanted to bring our audience up to speed on the dispute going on right now in the steel industry. leo -- >> we're at the table. we want to get a deal. stuart: we understand it. we'll be back to you later. thanks so much, leo. now this, i have astonishing numbers for you, nearly 40 million, nearly 39 million social security numbers stolen and used by illegal immigrants and others to get a job. 2012, 2016, 39 million instances where names and social security numbers on w 2.
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tax forms did not match. used illegally. liz: extraordinary. stuart: big board shows a gain of 95 points? why? we just heard that we'll reopen trade talks with china in the immediate future. that works well. we're tracking hurricane florence. it is a cat-4 storm headed straight for the carolinas where it is expected to drop a lot of rain. jeff flock is there. he is in actually in north carolina. we'll find out if anybody else is still there after the evacuation orders. we have want you to remember he covered hurricane harvey for us last year. he was deep down in the trenches. he knows this stuff. fedex ground making big moves to handle a surge in shipping demand. that includes expanding delivery to six days a week. next, we'll talk to a top executive at fedex ground. i want to know if he is worried about amazon starting their own delivery service. ♪
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stuart: now we're up 120 odd points. the stock market jumping on news that america has sent an invitation to china to get back to the talks, get the trade
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talks back on track before any tariffs take effect. the market loves it. we're up 120. boeing just said, essentially, that, they have not had any negative impact from the trade tensions. liz: that's correct. stuart: that is up 2%. that contributes about 40 points to the dow industrials. we're up today. look at the weather map. hurricane florence heading towards the east coast, jeff flock is in atlantic beach, north carolina. jeff, are you about to move south because there is speculation that the storm itself will edge towards south carolina and georgia? what are you doing? >> let's not give our intelligence away to our competitors there, stuart. yes, i am about to go that way because the last hurricane update we had from the nhs which was 20 minutes or so ago, says the track is bending south. we're going down there. that is where the most serious
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impacts will be. we'll still get it in atlantic beach. i like to show you signs of life with the hurricane preps. typically these boats would be in the water. people are bulge them boats out, throwing them in the yard. some don't have a place to sit, sitting on the ground, because, they have to get them out, and not get them destroyed. there you go. i think real, that is the reason we're moving. the real hit will be a little bit to the south. it could change. stay tuned. stuart: competition were watching us, they would be doing a lot better than they are. jeff, thanks very much. drone warrior bret is joining us. he used to hunt terrorists with drones. this summer he was in africa using drones to save elephants. important work. he will explain it all in a moment. ♪
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♪ 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
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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. ♪ stuart: this is the hive the day up 143 points and keep going up. we started ten minutes ago when
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we got news of new trade talks with china. we are up 26,100. now this. a drone expert, frequent guest on the program, he has been in africa hunting down illegal poachers of elephants. he is here now, he is the author of the book drone warrior. good to see you back. what are you doing? how are you using drones to fight poachers in africa? >> don't be fooled by the nice suit and tie and clean shave. i have been living in the bushes of africa working on an elephant conservation project. i have been working with an organization called the mara elephant project which is a nonprofit that focuses on hunting down specifically poachers that are killing these elephants and using their ivory to fund their operations. what we have been doing is
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taking advanced military technology, the same technology i used to hunt down leaders of terrorist groups like isis and al qaeda and applying it to the problem. what people don't realize is the illicit wildlife trade is a billion-dollar industry rampant with government corruption in the entire chain. it disrupts livelihood and fund terrorist organizations and is the problem we need to get a handle on. stuart: i used to live in kenya. what you are talking about is sending up drones which can cover an enormous area, you look down, what are you looking for? looking for poachers? >> exactly. we are supporting rangers that are in the field attending wildlife service, trying to hunt these elements. we are providing intelligence
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information letting them know you need to check this area where individuals are sneaking through conservations. we have drones with night vision technology that are able to do that. the other thing we are able to do is use drone technology to move elephants and corral them out of these danger areas where they are being killed. stuart: any successes to report? x number of poachers were nailed using your drones? >> it is a joint effort, not just drone technology but we have specific stats with hundreds of poachers captured in the act. they have ivory with them and a number of different cases, you can see those specific cases where we are using advanced technology, not only drones but artificial intelligence to make sure they are protected. stuart: it is a fine thing. i went to talk about regulation of drones. homeland security secretary says drones our national security concern, she wants them regulated.
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what kind of regulation would be appropriate? you have seen civilian and military use of drones? >> this is a problem we need to get our head wrapped around. you may recall the venezuelan president was nearly assassinated when an off-the-shelf drone had explosives attached, nearly killed him at an event, that was a wake-up call for the drone industry to come up with technology that can be used to combat this. i meeting with senator johnson, the chairman of the homeland security and government affairs committee at the senate who put together a bill that allows the permit of homeland security to have broader authority on this threat. law enforcement -- technology that exists out there is bogged down by regulations that make
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it so it can't be used to protect our nation. regulation is key but big government for once is coming together to tackle the issue. stuart: you are using drones, very good cause in africa. you are all right. and now this, fedex announced they are expanding operations to six days a week. come on in, chief financial officer, great to see you. sounds like you are gearing up for another record holiday season. is that what is going on? >> that is exactly what is going on. looking forward to another record peak season. there are four mondays between thanksgiving and christmas. we expect to be busy until christmas eve. stuart: how many packages we
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deliver until september? >> we will come back with some peak volume information closer to the peak season. we are working closely with our customers as they develop forecasts. we get updates on a daily basis and build that into our plans. stuart: is this a 6 day a week delivery service? this is new? i am not so your with your delivery process but 6 days a week you will be delivering from here on out? >> that is correct. we have been delivering six, twee 7 days a week for several years. the growth of e-commerce has caused us to assess monday deliveries and we concluded this is the right moment for us to move into a 6-day configuration. stuart: earlier this week or
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late last week, we announced amazon had bought a large feet -- fleet of mercedes trucks for 20,000 mercedes vans bought by amazon. it sounds to me like amazon will launch its own delivery service. >> we are focused on our network. we have been investing in the fedex ground network for 15 years as residential deliveries become more prevalent and e-commerce grows. we have hundreds and thousands of customers who have e-commerce, consumers and customers of their own and we are focused on serving them and doing the best job possible for them. stuart: would you deliver a
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live christmas tree? >> i suspect that we would. the reality in our business is large items, large oversize non-conveyor items are growing as a percentage of overall volume and we are building capabilities to handle more of that. stuart: ship one fresh with the decorations already on, come in the house and make it stand up straight. we appreciate you being on the show, your stock is up, good news, great news, thanks for joining us. may i draw your attention to the stock market, up 152 points and climbing. micron got a downgrade to neutral.
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goldman sachs did that and the stock is down 4%. snap dropped below $9 a share, struggling back to 9-11, 7% to 8%. multiple downgrades and dropped to $9. check the big board, we are of 140 points, the market jumped on news that trade talks with china will be getting going again. an invitation to the bargaining table and boeing are up today, another 21/2%. we reported jpmorgan chief jamie dimon said he could be trump in an election. ashley: smarter than trump and earned his medical it didn't get it as a gift from daddy. he is walking that back a bit,
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now says i should not have said it. i'm not running for president. proves i wouldn't make a good politician. i get frustrated because i want all sides to come together to solve the problems. the backing up sound of jamie dimon. stuart: i could see the president firing up the twitter account. ibm is one of several companies that would allow hiring workers who do not have a college degree. it is a great friend. coming up we talk to someone from ibm and find out why they are doing it. is it because there is a shortage of workers? susan collins being offered money to vote no on brett kavanaugh. it is not her that is being offered money but her opponent who will get money if senator collins says yes to brett cavanagh. the left hit a new low with this one. is that legal? the judge will answer the question.
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that is just outside phoenix on a very hot day. tomorrow, hot. ♪ i heard through the grapevine
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nicole: i am the corporate leaders, the dow is up 145 points and we are taking a look at stocks related to the hurricane, hurricane florence headed to the east coast,
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category 4, going to be a big one, destruction of property and we are seeing everybody getting ready, running to home depot and lowe's, they are at all-time highs and generate, as preparations are underway as people prepare not only for the destruction of property but catastrophic flooding. interestingly enough look at tobacco stocks. the tobacco fields in the carolinas and virginia may be subject to damage and that is higher. facebook has put it security tools in place. the community help is set up. a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip.
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♪ >> chicago looking at universal basic income program. mayor rahm emanuel wants to make monthly payments with no conditions. rahm emanuel has announced he will not run for a third term so any new program he implements will be next to the next man to deal with and paid for. the feds are cracking down on flavored e-cigarettes, might even pull them from the market altogether. this is all about marketing these things to children. the judge is with us. threatening to take a product off the market is a little heavy-handed.
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judge napolitano: the fda regulates these things which can't promulgate a regulation with retroactive force. when you were licensed to sell these products you promise to obey local and state laws, related to age and his country. there is no law on advertising. and the blue the fda said your marketing this to children, can't do it. that is impairing the freedom of speech of commercial entities trying to sell this stuff. stuart: they found the problem with under 18 and under using this kind of -- judge napolitano: you will break the law if you sell it to people underage but they can't stop you from advertising it to people under age 18 but back -- advertising is not targeted to a specific individual. the advertising in grade school, they can put the
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advertising on the internet or a billboard or wherever they advertise. stuart: it is the product itself. are they not saying -- judge napolitano: they are advertising a product i gather is sweet and draws young people so they don't realize they are taking tobacco in but think it is a steam substance the taste like candy. so -- stuart: they can't do it. judge napolitano: they can stop the production of the stuff and show it is harmful but before they stop production they cannot stop advertising because of freedom of speech. even commercial entities have freedom of speech. stuart: it is a plague. judge napolitano: look at tobacco sales. you have to say on your product that this could kill you. that is a serious impairment of
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freedom of speech, the courts have upheld it. stuart: i want to ask about senator susan collins. to vote against brett kavanaugh, they are offering a financial incentive if she votes against it. if she votes to confirm him, her opponent in the next election gets $1 million. if she says no to brett cavanagh her opponent does not get the million dollars. judge napolitano: you make it sound like that goes in the opponents pocket. this is a race in 2020, vote the way you went and i will contribute to your campaign. don't do the what i want i will contribute to the opponents campaign. this is an organized sophisticated way to use money
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to influence politics by people who have condemned the influence of money in politics, the left. stuart: your bottom line is what? >> it is not unlawful. she is enormously popular in name, we are not going to dislodge her. donor how she will vote on brett kavanaugh. stuart: she says she will base her vote on his qualifications, his character, judicial temperament, record and respect for rule of law and fidelity to the constitution. judge napolitano: the last one she means roe versus wade. she stated before he was nominated whoever it the president nominates in my view will get i vote or not get my vote depending on their fidelity to roe versus wade. i think she will vote yes. she is loyal to the majority in the senate in this instance and
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i think brett kavanaugh acquitted himself nicely in two days of hearings. stuart: let's see of her opponents, whoever it may be gets that million dollars. now this. volkswagen is going to use 3-d printers to mass-produce car parts, using an hp printer printing structural parts out of steel. it will likely be 2 or 3 years before technology is ready for widespread use but they are committed. the big board has come back a bit. we were up 150, now we are up 112. ahead of the hurricane look at the insurance. allstate and travelers have a lot of exposure in the carolinas, the utilities that serve the carolinas, duke is down a fraction, scanner is up a fraction. we told you more companies are dropping college degree
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requirements. one of them is ibm. next we talk to the talent leader, why they made this change. when you rent from national... it's kind of like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there?
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stuart: the game has been cut in half. we were up 150 and now 75. this is about restarting china trade talks. america invited china to get back to the table before any tariffs are imposed. big-name companies are dropping college degree requirements and some their new hires. including ibm. we are joined by the new caller initiative talent leader, kelly jordan. that is the official title, caller initiative talent leader, good to see you. why are you doing this? taking in new hires, used to have to have a college degree, now they don't. why not? >> there is a massive skill gap in america, 1000 open it jobs
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and their graduating 1/10 to fill those roles. by opening the aperture of the pipeline, looking at candidates who don't have a traditional degree but learned both skills in a college a boot camp environment brought a more diverse candidate pool. stuart: do you think america is over credentialed? >> i would not say we are over credentialed but we have long looked at college is the only source of skilled talent and there are a variety of ways for americans to earn those skills. they can go to community college, boot camp, they can learn on their own. we find a lot of great candidates coming out of the military and candidates who have been self-taught. what matters is you have the skill needed to succeed. stuart: what jobs are you offering to people who do not have a college degree? >> all sorts of jobs across the tech industry, roles from
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software engineer to designer to mainframe system administrator, anything that requires some level of tech skill. stuart: you have to demonstrate you have some degree of skill, not just a medical popped out of high school and i want a job. >> you could be. we have an apprenticeship program we launched last october. it has grown rapidly, we have 120 apprentices on board across the us and we are teaching those skills. is a greater and and learn opportunity. you earn a salary and get 200 hours of training and education while working as part of an ibm team. >> you think it will start a trend where you don't have to start college? you can get a great job at a great company like ibm? you are trend setter? >> i hope that we are. we are seeing a lot of companies adopting this model. is a great way to diversify the number of people you bring in to your company and it is more
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about the skill, doesn't matter how you earned it but just that you have it and it will bring new candidates to our company. stuart: kelly jordan, thanks for being on the show, we like what we heard. more varney after this.
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stuart: florence is coming. ash you have an update. >> they're expecting 360 canceled flights. expect number of cancellations if you're going anywhere close to that part of the world. sometimes you don't have to. planes that originate in this area, move on. liz: if it stalls out hits
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georgia. when do they know when to evacuate? when will they hear? stuart: dilemma and a half for sure. market lost much of the gain but still up about 50 points. neil, it is yours, sir. neil: stuart, thank you very, very much. we're trying to unravel what is happening on corner of broad and wall, heavy optimism about 20 minutes ago, maybe not even, proposing trade talks with china. why would we do that if china is not making initiative on its own? maybe we're having doubts about it. maybe the president blinking in the face of this who knows. too much picking apart information at its best, thinly-sourced but i pass that along there. meantime, nothing thinly-sourced about this, this monster storm florence. the only question when it is going to hit and what kind of power it will pack when it does. iter

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