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tv   Varney Company  FOX Business  October 3, 2018 9:00am-12:00pm EDT

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terms of more expensive cars it stuff step forward. >> do people react to this versus noisy. >> so far people love the noise 40% love noise 20% thinking electorate don't like anybody don't trust anybody know economy is going up. >> thanks fosh being here, good morning, everyone! days away from earnings season where companies tell us much money they made and how much they expect to make in the future. this is a big deal for stocks. people make their living predicting profits. most of them say, profits are going to be huge again! that's why the market will open very strong this wednesday morning. that is what we will be hitting records again right from the get-go. the dow going up about 100 points, s&p 500 11 and 35 point gain for the nasdaq.
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just a little perspective here. since the election, the value of all stocks has gone up a whopping 9.3 trillion dollars per this is the trumpet rally. also going up, gas prices getting about one cent per day and up to the national average getting pretty close to three dollars a gallon but so far, that has not hurt stocks. there are developments in the kavanaugh nomination. the credibility of two accusers is being challenged. former boyfriends of doctor ford and julie swetnick casting doubt on allegations. seeing this, democrats are switching their attack to judge kavanaugh 's alleged high school drinking in his demeanor. he threw ice! the destruction of his reputation and family continues be this may have an impact on the midterms. senate republican candidates in key states are moving up in the polls. stay there please! you'll see the president
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comments on the kavanaugh as accuser. "varney & co." is about to begin. >> guilty until proven innocent. that is very dangerous. i had one beer. right? i had one beer! well, -- do you think -- >> know it was one beer! how did you get there? i don't remember, how many years ago? i don't remember what neighborhood? i don't know. upstairs, downstairs, where was it? i don't know. but i had one beer. that is the only thing i remember. a man's life is shattered. his wife is shattered, his daughters were beautiful and incredible, young kids. they destroyed people. they want to destroy people. these are really evil people! stuart: you heard it right
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there. the president talking about christine blasey ford 's testimony. john is now a fox news contributor, should president trump have said what he said last night? >> i think it's perfectly okay for president trump to defend his nominee. this is someone that he put forward for the supreme court. he has been bashed by the left-wing media as politicians and democrats from the judiciary committee and i think actually again, president trump is saying a lot of people, millions of people in the country are thinking. this wasan unfair , unproven accusation against a man of incredible integrity and decency. it has ruined his life forever after he will be tainted by this accusation. and i think the entire country is now on sort of alert that this could happen to anyone, anywhere and it is simply unfair. america's nine unfair people. we like to hear both sides of the argument and in this case, i think with president trump he was also doing was finally, challenging christine blasey
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ford and in recent days, there have been investigations of other parts of her story that do not add up. so i think yes, i think it is okay for him to have spoken out. spoon briefly, to think that the tide of public opinion is begin to switch towards a plus for kavanaugh? >> i think it absolutely is. you can see it in the polling. the generic ballot began to narrow peer democrats had a lead of about nine points and this began. now it is down to a little over seven points. as you mentioned, some senate races appear to be going towards republicans. this spectacle of people behaving so viciously against the man who, up until 30 seconds ago, everyone agreed including his colleagues and students and family, friends was a man of exceptional decency and honesty. i think it is appalling. stuart: stated for a second, please. i want more in the kavanaugh drama. i've two videos that we will put on the screen right upper
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senator jeff flake ambushed in an elevator by protesters urging him to change his vote and push for the fbi investigation. three days later, protesters confronted mitch mcconnell at reagan national airport. come on in, fox news contributor, charles, i know you know the answer. who paid for the demonstrators? >> great question! george soros. these are people that try to present themselves as concerned citizens.there actually paid activists, bankrolled by george soros. to advance a very far fringe left-wing agenda. this is confirmation by mob rule. i get it, emotions run high, i myself, i find that you watch testimony of doctor ford, testimony of kavanaugh -- there were times where you know, your emotions get the best of you. but at times like this, that is when you need to return to the facts. you need to return to evidence.
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that is why those things are so important when emotions get this high. stuart: will beget a vote this week? i'm told it will be saturday morning. is that? >> we should get a vote this week to begin the time you know begin the clock ticking, to give the senate the number of hours needed to debate the confirmation and then the final vote being early next week. stuart: do think the public opinion is beginning to switch and will carry the three worried senators, the three worried republicans, carry them across the yes line? >> i think liz was right the whole spectacle democrats doing anything they can do, remember, we started with one accusation and now we have gone through the whole process, we're talking about a host of other accusations that have nothing to do with the initial accusations that caused the senate to pause. i think this spectacle, the desire for democrats to do
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anything they can in order to destroy this guy, turns people off in a big way. whether or not -- i think in the end i predict he does make it over. make it over the line. but it is sort of hard to determine. the three centers they are concerned about have different sort of political concerns. that they're worried about back home. stuart: thank you very much, indeed. busy day it will move in and get back to your money. shaping up to be another record day.let's get back to liz because you follow this. follow profit reports. >> sure! stuart: next week the big profit reporting season begins. what are we looking at? >> be looking at over 20 percent gains again from this s&p 500. by the way, dividends were up almost 11 percent, 10.9 percent in the third quarter. the whole notion that this has no impact on most americans is simply not true.companies that benefited from the tax
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cuts are not only doing well because demand is up but also because taxes are lower and they are passing some of the gains on to shareholders. stuart: for the benefit of our viewers who may not, like myself, understand what a 20 percent gain in profits really means. give us some perspective. is it as i said earlier, huge? [laughter] >> that is huge! let's face it, stocks follow earnings. a 20 percent pickup and earnings also, the market has the potential and in fact, we have seen that is driving very substantial gains in the stock market. when the chairman of the federal reserve comes out and basically says, the outlook is almost ridiculously good, low inflation, good growth, growth by the way the third quarter could very well be over four percent again after 4.2 percent in the second quarter. you know, things are really humming.what is continue? not forever but again, courting jerry powell, chairman of the fed, no son of a recession march 20, 2020. which is the first time i have heard him say that and you
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know, it is pretty darn good outlook. stuart: these are remarkable times. they are! >> we enjoy them! stuart: we do. [laughter] thank you. secretary state, mike pompeo, he will meet sunday with the north korea leader, kim jong-un. he is going to pyongyang, the capital of north korea to do it. charles is still with me, i hope! >> yes, sounds like progress. >> yeah!critics will always point to the fact that north korea is an untrustworthy place. you know, trying to make a deal with them is very difficult they are slippery and dishonest. but how that is a reason not to attempt to do something just sort of baffles me. so yeah, i think it is real progress. there have been concrete things that they have done. whether it is returning the remains of our service men that they've had for 50 years. or the secession of the nuclear tests. all of those things are
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concrete advancements and should indicate that at the very least, we ought to still be talking to them.i think this is one of the best things donald trump has brought. he just brings a completely fresh eye whether you like him or not. he is a different way of looking at all the problems. stuart: to quote - the fed chair again, these are remarkable times! charles, thanks a lot. now we will see you again later. >> you bet.stuart: you have to take a look at apple. they insist china is not using apple to spy on its citizens. tell me more. >> tim cook in his interview really was taking elbow shots at facebook and google. he is was going on.in china, apple will have a cloud server built by the chinese company. but tim cook is stressing that the data will be secure. apple will hold onto the keys. he says in most cases, that is what he says but what he saying is -- [laughter] this is a catfight in silicon valley.
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he sang the way that they got to the 1 trillion market value was privacy. he is saying the same standard will be in play in china. we will wait and see on that but you know -- stuart: he was critical of facebook. >> and google because they're building a search engine for communist china. stuart: the vision in silicon valley. love it! and again, this has been quite a day. triple digit gains for the dow, the open, big gain for the s&p and the nasdaq as well. records say.fast food chains cannot find workers. why not raise wages? we will ask why not to the former head of mcdonald's but he will respond. and the fbi kavanaugh investigation, they can wrap up as soon as today. and senate can hold a confirmation vote 71 appeared we have a timeframe. and reports that the president was involved in tax schemes. napolitano is next.
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stuart: let's take a look at alibaba open today, and goldman sachs says if alibaba goes to 247 on the screen now, 163. goldman says the company will thrive as it dominates new markets in china. of three dollars that is two percent. headline for the new york times, trump engaged and suspect tax schemes as he reaped riches from his father. president trump has already responded. he sent this out. the feeling new york times did something i'd never seen done before. these the concept of time, value of money and doing a very old, boring and often told hit piece on me. add that up and it means that 97 percent of the stories on me are bad. never recovered from a bad election call. judge napolitano is here. is there anything illegal what the president did back in 1992? >> well, if the allegations of
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the times article are correct, there are many unlawful acts. all of which are beyond the statute of limitations. so cannot be prosecuted. the fact, most be on the civil statute of limitations being the irs or state of new york could not clawback for taxes that were due. for example, they point out the sale of a condominium unit valued by real estate appraisers at hundred $55 million. 15,000 from fred trump to donald trump. transfer tax and gift tax and things if true that would be an act of fraud.they point out inflated and phony expenses and bills for items that never actually were purchased or sold in order to reduce corporate liability. but the big thing that they point out is again, i am in no position to assess the accuracy
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of this. it is 79 pages. i read the entire report. i did not read the summary but i read the entire report. and it requires a sophisticated expert in tax law and in accounting to assess this. but the big beef is, the fraudulent undervaluing of assets that were given by the father to the children. including, his sister, who is a federal judge. stuart: hold on a second, judge. because we have an epic and i think blistering response to the times article from sarah huckabee sanders. would you read it? >> i would be delighted. she says quote - fred trump has been gone for nearly 20 years and it is said to witness this misleading attack against the trump family by the failing new york times. many decades ago the irs reviewed and signed off on transactions. she goes on to say the new york
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times is and other media outlets are attacking the president and his family 27 instead of reporting the news. >> very serious mistake. for her to say that. because this has nothing whatsoever to do with his presidency. she is not hired by the federal government to defend his behavior before he was president. she is hard to be his mouthpiece while he is the president. stuart: why can't she attack the new york times? >> because these statutes prohibit the use of federal assets to defend personal behavior. he should have his lawyers. stuart: she is defending his character today because that is what's brought into question. >> but to attack this is marginally unethical. his lawyer, get that statement. charles harder, a very prominent new york city
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attorney put out a very strong statement last night. there are actually quotes from her throughout the piece so they were obviously engaging with his lawyer. i do not think that the piece was a surprise to donald trump. stuart: he got it wrong! they relied on licensed professionals. >> question is will we be able to see this tax return? >> that is an interesting question. they got their hands on some tax returns. stuart: here comes in your time, was it today? october 3, is that right? surprise, from the new york times right after the ãhe threw ice headlines. [multiple speakers] stuart: up 96 points on the dow industrial in the free market. going up at the opening bell. the new york times -- a surprise inspection of e-cigarette maker, jewel corporate headquarters. they rated it to the fed seeds thousands of documents that say these are being marketed to young people.
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all right.
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stuart: the government made a surprise inspection of e-cigarette maker, juul. tell me more. >> they rated the company san francisco headquarters for taking thousands of documents.
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why are they doing this? they are concerned about the rise of the number of teenagers, young people, using these e cigarettes. they wanted to look at how the cigarettes are being marketed. are they being targeted by these companies? and you know, the cdc will be putting out some numbers soon. we got a little snippet of this. this is quite amazing. high school students who use the e-cigarette in the past 30 days, the number has gone up 75 percent in the last year. that means roughly, 3 million or 20 percent of high school kids are now using e cigarettes.that is one in five. stuart: that will not go down well. >> not at all! stuart: let's go to a. toys "r" us, might be staging a comeback!>> this is a thrilling corporate story! in the 11th hour, the lenders cancel the auction of the toys "r" us brand-name and babies "r" us parents name. now the lender is saying, wait a second, there seems to be value in the toys "r" us brand-name.
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this toymaker is not dead yet. the rialto wonderland for kids is not dead yet. the lights are not out yet it toys "r" us for the comeback, for jeffrey the giraffe maybe for the holiday season. stuart: still on life support but come on jeffrey, you can do it! president trump tweeting about the markets. why not? the stock market reach an all-time high in my term. -- it is the 102nd record high for the dow since election day. closed at an all-time high. the opening bell is next. we are going with more.
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stuart: i have to admit, i was little surprise when i got up this morning. 3:00 eastern time. i checked out -- [laughter] very early! i checked stock and i was expecting a pull back after you stay but, no! stock futures indicated a very strong opening for the market this wednesday morning. and that is what's going to happen!
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we are looking for a gain of maybe 100 points right from the get go! if that is the case, carries us to a record i think for the dow. and the s&p will be up as well. a new record hi there. [bell ringing] here we go, six seconds left. each your eyes, you'll see a rally in three, two, one! up and running. wednesday morning, 9:30 am eastern time . we are up 66, up 91, up 97, up 99, up 101. thank you, ladies and gentlemen! take us all of 13 seconds to get to a triple digit gain. that is one third of one percent. i should be an auctioneer! [laughter] the s&p 500, where is that? i'm sure is up and it is up by a 31 percent. not quite the dow we assume for the dow. the nasdaq about .4 or .5 separate a gain across the board. what a day!
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it is prophecy the next repair that is when we start to find out how much money the big corporations are making. on this program, just a few minutes ago, they said they're looking for 20 percent gains. that is huge! what about you? >> maybe a little bit more. earnings have been absolutely solid. for the last seven consecutive quarters, the average gain and earnings have been 22.32 percent. the previous seven quarters was negative. this quarter was originally about 23 and a half and they knocked it down by 21.9. the momentum is there and no reason for a back up anytime soon even though we have a stronger dollar which might
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impact earnings a little bit. 20 momentum i think it will go a lot higher. stuart: i hear time and time again 2019 will be tough because the impact of the tax reform will start -- >> recession. when i hear that all the time i do not buy it. i really don't. >> the federal reserve chairman, says, these are remarkable times. >> people say recession next year 2020. we never had a recession when profits are going up and the leading economic indicators are pointing up. yesterday they did say we are at the peak of the cycle, the top of the cycle. so the concern is what emerging markets are seeing, your staying current currencies falling it could hurt demand. the economy here does great. >> -- look at the markets, follow the markets. stuart: 26,900 is where we are now. and this means things will be
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good. [laughter] a possible negative. the price of oil is at a four year high. $75 a barrel. look at the price of gas which is rising about one penny a day. where we are $2.90 right now. do you think gas prices could put any kind of crimp on the market? at all? >> they have to go up considerably from here. at this level i don't think will have impact on consumers buying gas. because up another dollar, it will change the entire picture. stuart: amazon. big story, $15 an hour to be paid to each one of their workers in the united states. christina, do you think or do you know whether any of the company will follow amazon and their lead? >> are trying to advocate for the climate of minimum wage. if we see other companies follow through is because of the season coming up. the holiday season.amazon is raising prices and it could be
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a major reason why. because employees have been complaining about poor working conditions but the second issue is holiday season. amazon is paying 15,000 are abnormal want to work for amazon.in other people have to raise their prices. stuart: you cannot short staff in the holiday season. >> exactly! and it will be a strong season for them. the other point, maybe a little contentious, amazon could find a way around unionization. whole foods employees are trying to unionize.when you raise the hourly was, why do that? stuart: and the stock is at 1982 right now after a bit of a drop yesterday. the big board, where they are already, we are four minutes into the session. up 128, 26,902. half percentage point. apple, record territory? yes. 231 on apple right now. microsoft, is it also in record territory? yes it is. $115.82 per share.
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[laughter] good movement on this show, christina! >> i know! i have got rhythm. the home builder, lennar, strong demand for new homes. not many new homes on the market so there is no inventory. it is driving profits. ebay accuses amazon of illegally poaching sellers. i've no clue. >> interesting they have issued a cease and desist to amazon. apparently eva has a messaging system.it is a pure marketplace. it just sells other people stuff. amazon sells other people stuf . ebay claims that amazon sales reps around the world are bombarding sellers on ebay saying, hey, forget ebay, come to amazon. and using texts as opposed to writing it out to get around detection. they say you try to poach at least 50 sellers in recent
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times and telling them to ditch ebay and come to amazon. they state is crime under california law. stop it now. >> ebay is up and amazon is appeared the former chief of the joanne's stores will take the reins of jcpenney. >> she is great! she turned joanne's fabric stores into an experience. she hates the tariffs, by the way. i will tell you something, this is the person to watch as the new ceo jcpenney. the question is, can she make jcpenney, which is almost a penny stock, and experience. we will be watching. [laughter] they need to focus on who the core customer is presented middle aged woman. they're trying to do too much. well they closed doors corrective over 850 stores across the united states struggling. will they focus in? you have everyone is, nordstrom doing turnaround, can jcpenney do it? you have this woman, a 51-year-old woman, a 30 year veteran. >> watch her, she is excited. >> the stock is up refraction.
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eight cents at $1.64. walmart. they bought a company called a real teller that specializes in plus sizes for women. why are they doing this? >> they want to maintain their number one position when it comes to online retail shopping. they're beating amazon right now if you're talking about numbers in terms of scale, this is from a research company. they bought, have you heard of -- stuart: hold on. [multiple speakers] >> just clothing. >> only clothing for which is why, we talked about this with ellen degeneres launched her walmart brand for $30 paid all of her items are $30. they are trying to be cool for the at home, the disposable income people. the younger ones. stuart: it is working? >> during the storm i went to walmart. >> why not? i am a walmart shopper!
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kroger and walgreens getting together. you order stuff from kroger grocery items, go to walmart and i'm sorry walgreens, to pick up your order online at kroger, pick it physical. >> order the mayonnaise at kroger and go to your drugs at walgreens and get out walgreens. stuart: it is all about delivery! that is what they're all trying to do. >> i think it's a bit awkward. order groceries i mean how far apart are they? how they deliver them to walgreens and what time -- stuart: there's one on every corner so it makes it convenient. >> that's right! >> how they actually pull this off? >> i find it thrilling! i am sold! i want it delivered. stuart: losing control. all right. settle down. ge, a rough ride after the
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chief left. he got the boot. ge credit got a two notch downgrade s&p global. one analyst says the stock has hit bottom. you would not touch it with a 10 foot pole and you do not care, do you? $124 billion in revenue.about 5 billion flows to the bottom line. after they pay interest and etc. it is $-5 billion to shareholders. >> will they cut -- >> they have $117 billion in debt. >> and they report october 25, they warned they will not have the earnings per share will be lower, free cash flow lower, they just wrote down $23 billion in a non-cash -- stuart: that is not on ge, thank you ladies and gentlemen. [laughter] it was the stock of my dad and my granddad but not the current
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generation. look, is 940! thank you for joining me. i would like to say, shah gilani is the got it on day one of the top administration, right after the election, he is the guy that said by this market it is going straight up! and he has not been wrong in two years. >> i think it is time to buy even more. stuart: thank you very much, shah gilani! more aggression, let's call it that from china. it sent it astray close to our ships. now in the 11:00 hour, we have more. the president on the world stage, yes he is. brett norma, professional golfer, a businessman will tell us how the world views this. and sending upbeat on the economy calling it remarkable. you'll hear that after the break. stocks are way up.
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stuart: orders for big trucks absolutely surging in september. that is an indicator. how many? >> a blowout court if you look at this! 43,300 trucks up, nearly double over last year. a record quarter for the big 18 wheelers in north america. this is a booming freight market and this tells you two things. christmas shopping season is going to be off the charts. secondly, the online retailers want the goods delivered on time. they do not want another embarrassment that goods are not delivered on time. stuart: give me the number again? >> more than 42,000 trucks. stuart: 42,000. >> order last year north america. stuart: expensive! the big board, above 26.9 at
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this moment. up 132 points. about and a half percentage point, again! streaming on netflix, takes up a really big percentage of all internet traffic. i want to bring in susan, the new york exchange. first of all, how much bandwidth does netflix use? and can you make me understand the story? [laughter] >> i will try! netflix takes up 15 percent of all global bandwidth. that is a big, big deal when you look around the rest of the world. netflix eats up 15 percent. compare that to youtube which eats up 11 percent. in the americas, if you want to look at the content alone, almost 20 percent. you know what that means? a lot of people are streaming netflix. you want to call them the 800 pound gorilla, i will call them the 1000 pound gorilla! when it comes to actual downstream traffic this is what we mean by streaming content. netflix is the most extreme, most watched internet channel
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provider in the world. i'm trying to explain it do you get it? stuart: yes, i do. i do, i get it. well done, susan! we will see you shortly on the show. two letter sent to the pentagon testing positive. >> river development. fox news reporting the last five minutes that the two envelopes mailed to the defense secretary and admiral john richardson, they believe a former u.s. navy sailor may be responsible.also another package delivered to that office of ted cruz. they believe it was testing positive but now in the hands of fbi for further testing. again the development is here the one sent to the pentagon never made it inside and it could be the work of a former u.s. navy sailor.
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stuart: more to come on that. and j powell sounding upbeat on the economy. roll the tape. >> i am pleased to say that by these measures the economy looks very good. the unemployment rate stands at 3.9 percent. a 20 year low. inflation is currently running near the percent objective. it is a positive outlook. i was asked at a press conference last week whether these forecasts are too good to be true. which i had to admit, it was a reasonable question. [laughter] stuart: let's get an answer on this. joining us, a harvard economics professor. that was a remarkable and positive outlook from a fed chair. do you share that positive outlook? >> well, he actually told us was, where the economy is now. not where it is going. and i think the economy is in fantastic shape no for the same reasons that jay powell said. i think it is fragile, i think it is a risk that as long-term
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rates keep rising, the treasury has doubled in the last two years. as it goes from three percent to five percent, i think it would be a real challenge for rectory prices. >> you do not see a recession next year or 2020, do you? >> it is hard to know. but if interest rates, long rates get up to say, five percent for treasuries and more for corporate, then i think we could see a sharp reversal in equity prices. that could hurt consumer spending and push us into a recession. now, it would not be like last time where we had very fragile banks and other financial institutions. but, if the economy turns down, the fed is in no position to upset it when the fed rate is as low as three percent.
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stuart: real fast on this, as of right now, is america best-performing economy amongst the industrial democracies? >> i think it probably is. stuart: okay. martin feldstein, started cut this short. you know how it is, tv. it goes real fast. sorry to do this to you. we appreciate you being with us, martin feldstein. >> good being with you. stuart: thank you! check the market. still up triple digits. not quite the high of the day. up 106 as we speak. at least two thirds of the dow are in the green. they are up. president trump holding a big rally last april he played at the economy, called out democrats and says america is going to win, win, win! you will hear some of the headlines in just a moment.
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stuart: we are up 112 on the dow, 10 on the s&p, 30 of the nasdaq. it's a rally. the president held a big rally in mississippi last night. basically it was a trump show. watch this. >> wages are rising. and more americans are working today, than ever before. the only reason to vote democrat, is if you are tired
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of winning. we are going to fight and we are going to win, win, win! we will not bend, we will not break, we will never give in, we will never give up, we will never back down, we will never surrender. and we will always fight on to victory! stuart: a lot more that coming before the midterms, too. a republican from new york, joining us from new york. you are from upstate, new york. there's always a thing about the president's 's style and mannerisms, demeanor, the way he comes across. it is pretty interesting.do the voters in your district, do they like that style? >> well, i think the voters in our district are that rust belt area, the silent voice or the voice that was not heard from previous people like president trump is resoundingly, being received by these individuals.
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i will tell you, it is not just the rhetoric or the style. it is the result speaking volumes to our people. in western new york. this economy is booming. stuart: speaking of that, our deal with canada, opens up canada's dairy markets. you are in upstate new york. i take it you have dairy farmers in your district. they have to be happy about this. >> absolutely! this is exact with the president campaigned on and he is bringing the stock, those results right here to western new york. dairy farmers now with mexico and canada come to the table in agreeing to the deal, you saw the price of milk go up two dollars over the last month. that is a significant increase and a lot of relief to hard-working farmers who just want to farm and raise their families. they do not want government assistance. they want to be able to rely among themselves, that is the american way and i am so proud of our dairy farmers. stuart: do know how much extra dairy produce will be able to
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send north of the border because of this canada deal? just a ballpark figure? >> it is significant. i mean, given the fact that canada always had a market when it came to dairy. now they have cracked open their market for dairy, experts, it is huge. being close to the canadian market, our dairy farmers will benefit directly as a result of it. stuart: did have a feeling fear voters in your districts on how they feel about the kavanaugh nomination and how the democrats have treated judge kavanaugh and his family? >> you know, we've done over 250 town halls. i'm a member that believed to represent people you have to listen to people. i think the kavanaugh hearings and the appointment, overall, they want to support this nominee being on the court because they recognize what the nominee brings the supreme court. it just is that will not create law, but interpret and enforce the law to view it from the supreme court perspective. that type of nominee is what our area, i think, our area is
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in support of. stuart: tom reed, welcome back. good to see you. we will see you again soon. >> thank you. stuart: we have four weeks till the elections.the democrats attacks on judge kavanaugh may, repeat, maybe backfiring. swinging votes to the gop. i have my take, editorial on that coming up next.
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questions you have and help you choose the plan that's right for you. the call is free and there's no obligation. you know medicare won't cover all your medical costs, so call now and see why a medicare supplement plan from a company like humana, just might be the answer. stuart: what, four weeks to the elections, about four days to a vote on judge kavanaugh. they are connected. republican support for the judge is hardening. the democrats opposition looks increasingly frantic. we have these late developments a former boyfriend of accuser dr. christine ford contradicts her sworn testimony. he says she did indeed help a friend prepare for a polygraph test, she never expressed a fear of flying or a fear of enclosed spaces. dennis dennis ketterer.
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he had relationship with julie swetnick. she never mentioned gang rape, rape or sexual assault. the credibility of kavanaugh's accusers are eroding. the republicans are on it. chuck grassily is demanding ford's lawyers release information about the polygraph tests. he suggests that ford was quote, less than truthful in her sworn testimony. mitch mcconnell has had enough. vote he says. as the acureer's stories challenged, the democrats are shifting their attack. senator durbin says kavanaugh's anger shows he doesn't have the right demeanor. orrin hatch, senator hatch has an answer for that today. quote, you got to be kidding me writes. do you really expect a man to sit passively while his reputation is viciously and permanently destroyed? well-said, mr. senator. now to the connection with the midterm elections. could it be that the treatment of kavanaugh by the democrat mob
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is swinging votes to the gop? the republican candidate for the senate in north dakota is 10 points ahead of the sitting democrat. in indiana, the republican is two points ahead of the sitting democrat. in texas, ted cruz has stretched his lead to nine points. and in tennessee, marsha blackburn is ahead by three. personally, what i would like to see is a repudiation of the democrats smear campaign because if we allow the destruction of judge kavanaugh and his family, we all lose. the second hour of "varney & company" is about to begin. ♪ stuart: breaking news. it is on the economy. it is about the service sector. liz? liz: blew away expectations. the market started popping on the news. expectation was for 58.
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what is really striking about this, stuart, you're seeing logistics, business services, really popping. comes on the heels of that stunning adp report, 230,000 jobs. that is the adp report, at a time companies are saying they can't find enough workers but the jobs are going up 230-k. maybe people are getting up, finding work, getting back into the labor force. watch the labor force participation rate. ashley: friday's big number. stuart: that is a good point. just moments ago we got a blowout number on services sector. liz: best in more than a year. stuart: a very good number on new private sector jobs created. why the dow is up 119 points. very close to 26,900. show me apple and microsoft. all-time highs yesterdays. 232 on apple. microsoft close to 116. check out amazon in the wake of
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their $15 an hour to all workers in the united states. there are 13 bucks, getting close to $2,000 a share again. ge, they got their credit downgraded by two notches at s&p the stock is unchanged at $12 a share. oil, we'll get a latest read how much oil is in storage. that could affect the oil price. on the markets, staying with it, bring in jason rotman, lead do i aisles advisors president thereof. we had on this program, jason, earlier this morning that profits will be up 20% year-over-year when the season, reporting season starts next week. 20% up. that to me is huge. what's your forecast? >> would be a disappointment if
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they're 10 or 15. a danger of overpromising and underdeliverring. don't know who said 20%. that said i don't think we're done going higher. my thesis over the past several month. i think we'll see smart money takes their bets off the table, once we see another 3% rally from here. listen, reality this trade deal was done. that is a huge boost of confidence to the market, that the trade deals can be complete with all this hemming and hawing. stuart: would the market go up suddenly and sharply if we got a deal with china? i know that is pure speculation but would it go up? >> yes, it would go up dramatically. when the market has huge jumps higher or lower they don't necessarily last four or five days, but if that happens, we'll see huge amounts of money come off the sidelines and go into the stock market. stuart: some people on the
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program said watch out, the price of oil is going up, the price of gas is going up. do you find those negatives for the stock market? are they negative enough to hold the market in check? >> there is so many other powerful fundamental factors, that i think, net-net outweigh oil going from 65 to 75. or gas at the pump in california. i don't know what it is out there, 360. it was much higher years ago net effect of repatriation, outweigh oil going up a few%. stuart: another negative, interest rates we're above 10% on the 10-year treasury. how big after negative is that? >> that is really one factor that i'm focused on if this trend continues, again it is kind of like, the more momentum builds it will have the kind of exponentially expense on market. i do believe that when people, you know, when we think about the fed, the fed moves in
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glacier like movements in terms of once it goes into the directions, it doesn't stop. i think we need to be aware the fed will maintain hawkishness for the time-being. it will not slow down the we need to watch interest rates. for now things are okay. stuart: for now let the good times roll. we're at high of the day. we're up 142 points, jason. thanks for joining us, we'll see you again real soon. that is a fact. >> thank you. stuart: let's get back to the kavanaugh nomination a vote in the full senate could happen saturday morning. whether he gets appointed to the bench, it really hinges on these three republican senators on your screen, lisa murkowski, alaska, jeff flake, arizona, susan collins from maine. brad blakeman is with us, former deputy assistant with bush 43. do you have any reading on those three senators because they hold the nomination in the balance? >> i don't but only republicans can stop kavanaugh taking the
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bench. if that were the case, for november. we would blame republicans. we elected a majority for very purpose to get us conservative judges not rule from the bench, will interpret the law. that doesn't happen i think there will be huge backlash on republicans. but if it does happen i think wind will be at our backs. people will be excited. democrats will be demoralized. as you pointed out in your commentary the american people are fair, just, don't like what is being done to kavanaugh. democrats way overstepped their bounds. american people saw it. they don't like it. stuart: what about red state democrats? three in the senate, joe manchin, west virginia, joe donnelly indiana, heidi heitkamp in north dakota, they all voted for who is now justice gorsuch. donnelly is already a no. what about the other two? do you think they have got way open to vote for kavanaugh? >> it all depends what the fbi comes back with.
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if the fbi comes back says there is nothing else we see, nothing else to investigate, then i think they have to make selfish decision about self-preservation because the heat will be on them, as soon as that vote is taken and before. there are going to be ads going up, there will be telephone calls being made, there was no reason for them to go wobbly. they were supporting kavanaugh but for the spectacle that we saw last week. so, if they're smart, they will stick with their gut and go with kavanaugh. there is no reason to go south on a justice that has got an absolutely incredible judicial record. stuart: i don't want to put word in your mouth but can we sum it up like this? judge kavanaugh will probably be nominated to the supreme court saturday morning and at least two red state senators will vote for him, can i sum it up like that? >> i think that's perfect. i think republicans will go with
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him. we can count on couple democrats provide the fbi comes back with a clear report. stuart: brad blakeman, thank you as always being with us. we have a big hour for you on "varney & company." golf legend turned international businessman greg norman is with us. he has businesses all over the world. i want to know how the international business world sees president trump and sees america. he will be on the set with me shortly. president trump criticized christine blasey ford last night at his rally in mississippi. i want to know what martha maccallum's take on that is. she will join us later this hour. trade deal with canada and mexico clears the way for talks with china. i want to know how far off of a deal with china we are. one of the testimony voices on china is here. you're watching the second hour of "varney & company." ♪
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stuart: oh, it is a great day on the market. look at this, high of the day. we're up nearly 150 points. that is better than half a percent. 147 to be precise. 149. buy something somebody, i want to see 150. wait, wait, wait. all right, i will leave it at that. we're up 149. how about jcpenney? they have a new ceo and investors like it. it is up four cents. michael kors, citi upgraded it to a buy rating because it has got solid and steady profits. michael kors is up a buck at 67. now this, i love this, president trump is watching our show. he just tweeted this. just tweeted it. thank you to congressman tom reed of new york for your wonderful comments on our great new trade deal with mexico and canada. the usmca i have long ago given you my full endorsement and for
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good reason. keep up the great work at "varney & company." ashley: that is cool. stuart: followed by this. there is more. liz: there is more? stuart: blowout numbers on new jobs and separately services. market cup. mr. president, thank you, we're glad you're watching. here is another big name who occasionally watches "varney & company." put him on camera. you know who he is. greg norman is with us and in the studio. >> good to see you, stuart. stuart: say hi, to mr. president. >> i love varney and co, i watch you every morning n office you're on. stuart: you don't have to flatter me. >> every time i go to a meeting i put it on -- is he smiling or he has a miserable look on his face? stuart: you're an international businessman. you run businesses all over the world. what do people elsewhere think about president trump, honestly? >> i do a lot of projects in mexico. stay with the usmca, right?
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stuart: okay. >> i do a lot of projects in mexico. people are saying america is great again. stuart: they're saying that? >> absolutely. i have a cap given to me by one of the developers i'm working with down there, saying thank you. so we're seeing it. we're actually seeing pre-gfc days in my golf course design. it is a true economic indicator about stability that is happening with deregulation of a lot of things. we're seeing in the united states the up tick in our business not just in the soft woods but consumer products but golf course design. no question about it. what the president trump has done has had a dramatic effect of turning around where we have been 2008 where we are now in 2018. stuart: we're not used to hearing that. >> it's a fact. stuart: we read the foreign media. it is the elites, what rotten people we are. >> look separate church and state. separate the facts over what
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people want to perceive, right? to me, what i am seeing is, never let your emotions overtake your intelligence, right? and you're seeing emotion overtaking your intelligence. you're seeing that with the brett kavanaugh hearing, right? it is just, the decency is gone. everybody is saying the same thing around the world no matter where i go. go to vietnam. vietnam is a hive of activity. they want to partner with australia and keep china at bay because they don't want china coming in and buying and financing doing everything for vietnam. they have been at war with vietnam three thousand years. we had a vietnamese war with australia and america. now they love free market capitalism. they want cash. 93 million people in vietnam. 53% of them are 30 and younger. open the doors to america. open the doors to australia. here we come. we'll come in and help you.
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stuart: specifically inside america you have a golf course development business and it is going well? >> we're starting to see the momentum pick up every month, more and more. stuart: really. >> i, you can tell it in my voice. i'm enthusiastic about it, everybody in my companies and different divisions are feeling it saying thank you, thank you. stuart: you have a new idea, and you're putting money into a new idea. what is it? virtual sportscasting studio. >> right. stuart: when i first saw this, i thought, are you going to allow viewers to pick the commentator on a sport? is that how it works? no that is basically how it works. how this all started was, i got invited by the university of miami many years ago in 2017 to have greg norman's next sports entrepreneur. so i went through this process. we had maybe hundreds and hundreds of applications from around the world and we boiled it down to five.
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and spalk was ultimate winner. we invested in it. it is virgin space. you look at commentating today, you listen to some of the weakness in commentating and there are some great commentators but give the public an opportunity to choose who they want to have. it is actually being received extremely well. so i'm excited about it. we invested, we closed the deal off last week and we're off and running. stuart: why do golf commentators so often have an english accent. >> peter allis was the bet. peter was the best commentator. henry cotton was pretty good. the pregnant pause when somebody screwed up a shot for a second and the viewer had to go, did he really screw it up? they have always, i think they have always been the best. stuart: every time you're on the show i ask you how many rounds of golf you played in the last year. you surprise me it is so few. >> i haven't played one round
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since i was last on. no, i haven't injured. stuart: you may be injured? >> i'm not injured. i'm 100% healthy. you're. stuart: you're one of the greatest golfers of all time and you don't play anymore. >> i love going to vietnam and mexico and doing different things and injecting new opportunities for the the game of golf and doing things. game of golf has been in the doldrums globally. now it is not. i want to thank president trump for pulling us awe out of it. stuart: you abandoned the sport that made you fame house to pure money making? >> it's a pure business. it is pure business. stuart: you're making america great. i love you. greg norman. that is real pleasure. always appreciate it. >> thank you. stuart: thank you, sir. now did, i did say that the democrats have overplayed their hand with kavanaugh. i think it will anger democrat voters ahead of the midterms. apparently that is already happening. we'll talk to the founder of
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walkway. wach -- walk away from the democrats later this hour. tucker carlson will sit with us. he will sit on the set just like greg norman. he has got a book and a whole lot more. we'll be back. ♪ this is stonington, maine, a town where almost half the population is self-employed. lobster fisherman is the lifeblood of this town. by 2030, half of america may take after stonington, self-employed and without employer benefits. we haven't had any sort of benefit plans and we're trying to figure that out now. if i had had a little advice back then, i'd be in a different boat today, for sure.
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than your customers thought possible. comcast business. beyond fast. stuart: goldman sachs says, buy alibaba and raised their price target to $247 a share. how about that? goldman says alibaba is going to thrive because it will dominate new markets in china. the stock's up. ebay accusing amazon of illegally stealing sellers.
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i don't understand it. liz: this is a big deal for ebay, that is the lifeblood, the little guy, independent sellers. amazon, apparently, i shouldn't laugh, but sales reps shockingly were using ebay's own messaging platform according to ebay to poach, to get these sellers into amazon. so these little guys in the houses selling stuff on ebay. so they have sent a cease and desist letter to amazon, knock it off. stop trying to poach our little guys. stuart: knock it off. the stock is up 1%. it works. a merrill lynch survey find a large percentage of parents are willing to dip into savings to support their adult children. ashley: the numbers are amazing. four out of five are providing financial support to office spring. some using savings and a quarter going into debt. what are they paying for? food and groceries 23% are helping to pay for that. cell phone, 32%.
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rent and mortgage, 23%. they're even willing to pay for vacations. liz: what? this is totally "wayne's world" meets goalen -- golden girls. ashley: they're will to be pay for their kids vacations. stuart: is it not responsibility of parents to maintain children in style they are accustomed and help them out terribly. liz: you're being provocative. ashley: you're mollycoddling, and they need to stand on their own two feet. if they are living at home, pay what they can with groceries and a little bit of rent. liz: i had to pay rent. ashley: how long can that go on? i'm sure some would live like that for a long time. stay with mom and dad for the rest of my life. stuart: they're wrapped up with student debt, they have that around their necks. they don't have a high-pay job yet, you will cut them off. ashley: no, no.
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there is is balance this is way beyond the balance. stuart: we have a couple youngsters visiting studio. if you're not careful we'll put you on the camera. be careful, kids. president trump is making a brand new deal with canada. says it is great for farmers. i will talk with a seventh generation farmers who really believed the farmers needed this win and the president delivered it. canada and mexico, how par away are we with a deal with china? i will ask someone who knows and has the answer. we'll be right back. ♪ this place isn't for me. that last place was pretty nice.
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stuart: our regular viewers will be asking why is he not playing the beatles at 10:30 eastern time? the answer? the original peggy sue in the buddy holly song, passed away. the story buddy holly was in high school? liz: was in high school ran into the real peggy sue and knocked book out of her hands. her friend says, do you know who that was? buddy holly. they met later on double dating. he said you're great. hard to sit still, hard to sit still to that song, "peggy sue." stuart: she passed. ashley: i did a double-take, the stocks are up eight million barrels. we were expecting a growth of if you look, two million barrels. we're up eight million barrels. which means we're not using at much you would think that would put downward pressure on oil. stopped at 75. the price is coming down. stuart: it is down over 1%.
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ashley: a lot more in storage than expected. that is the story. stuart: got it. get more on the market. we're up at a record high. we're up 150 points. facebook, amazon, apple, microsoft, all of them up, one loser. that would be google, as in alphabet. show me tesla. hudson bay capital management said they will keep betting against the stock. trade, president trump makes a deal with canada. joining us, casey guernsey a seventh generation farmer. casey, welcome back. good to see you. >> thanks for having me again. stuart: you're in kansas, seventh generation on that farmland. you're a beef guy and i believe a little dairy guy as well. how much the deal with canada helps you? >> it really can't be understated the importance of what just happened for our
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american agriculture and ultimately consumers because, consistency and, just having certainty in the markets are really, it is impossible to overstate because, if we know that our markets are going to be open like we have enjoyed for the past 20 some years, we'll be able to plan for the future. and in agriculture you're planning the next year on any given day. so producers are making their decisions right now for next year right today. so, you know, if we know we will be able to continue enjoying trading relationships with our top two trading partners, we can make good decisions that will allow for growth to take place. stuart: i guess you would like to see a deal with china that would help you too, wouldn't it? >> yeah. right now in agriculture, any trading partner is important. china is definitely an important trading partner. stuart: hold on a second, casey.
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would you be prepared to stick with president trump and his policy towards china if it drags on and, that would hurt farmers to some degree? >> well i think that president trump has proven that he has the american farmer's back. he has gone to bat for us, more so than any other administration i feel like in my lifetime. and so it is easy to support the president when we know, in real time, with his decisions, and with his leadership putting america first and our farmers first, that we think that he can use this trading as a baseline for future negotiations and talks with other countries, not just china but our other trading partners. so, you know, i think that our support of the president has paid off and, he understands the importance of american agriculture to the country as well as our trading partners because 95% of the world's consumers live outside of the united states. so the more market we have
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available to us the less we need to depend on the government and it's a win-win situation. stuart: does president trump enjoy the support across the farm belt? you're just in kansas. what about across the whole farm belt? is this trump country now? >> yeah, i mean i think, i have read somewhere that close to 70% of farmers supported trump in the election. i absolutely believe that. there's rule and there is rural. i live in a very rural part of america and it is definitely trump country. i think it is going to stay that way, particularly since he has meant what he said and said what he was going to do. you know, farmers, rural people are used to a lot of lip service coming out of washington. that is something that is kind of standard and expected in politics but this hasn't been lip service. this has been real time benefit for our communities. stuart: by the way where i come from in england, born and raised there, a guernsey is the name of
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a cow which is a dairy cow. now you're name is casey guernsey. is there a relationship between the, classification of the guernsey cow and your name? >> yeah. so my family and the cow both game from the guernsey island right in your backyard i think. stuart: my old backyard. my old backyard. my backyard is now the united states of america. casey, i'm sorry i am out of time and i cut you off. come back see us anytime you like. >> thank you. stuart: sure thing. listen to what larry kudlow said about trade deals with china. roll tape. >> frankly as the president has said he has not been satisfied with the progress of those talks. really hasn't been much progress recently. no, nothing is imminent on china but we are willing to talk if it is substantial and significant and serious, always willing to talk. stuart: let's bring in our own
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acknowledged expert with china a man recognized as a expert on china by president trump, mile call pillsbury, hudson institute senior fellow. will we see a deal on china, sooner rather than later or later rather than sooner? >> later than sooner. i think we suffered a couple setbacks this past week covered by "the wall street journal" which is on its way to win the pulitzer prize for china trade coverage. china issue ad cap net level, call it the state council white paper. it called president trump a trade bully. had a long list of malevolent actions the americans have taken. so that's setback. probably even more shocking is the chinese foreign minister at the u.n. last week rolling his eyes and mocking president trump when president trump brought up interference in our elections. the chinese foreign minister went on for even bigger insult,
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denying any technology theft ever by china. so this is the heart of one of president's trump es biggest concerns. there is still, stuart, they're still lacking kind of a sense of seriousness about negotiations. that -- stuart: yet their stock market is clearly being hurt. their economy is slowing. export orders are down. they are hurting, far more than america is hurting but they're paying no heed to that at all it seems? >> that's right. i think they have a bigger concern, stuart. they have had a successful system for 40 years now that relies heavily on technology theft and big trade deficits with us. so their regime's survival, they told the chinese people, the communist party of china brought you prosperity, stick with us, and our system. my book, the 100 year marathon, you know well i blew the whistle on their system and hard to change it and president trump is taking it on. they're a little shocked,
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president trump said this, you know stuart, he doesn't blame china, he doesn't blame his friend president she, he blames all the american leaders and business leaders who have been naively fooled by all of this. so i'm optimistic a deal can be done next year. jared kushner factor, he is the magic weapon president trump has. it is very clear from what lighthizer said that jared kushner helped a lot in the canada-mex agreement. if he is unleashed with china. that is where some optimism comes from. stuart: can you explain this one to me? >> sure. stuart: vice president pence deliver as big speech tomorrow on china. >> at our hudson institute. stuart: why would vice president pence handle the china speech rather than the president himself? >> is back to president trump as a master negotiator. his public stance as president xi is my friend. so here the vice president can do some of the heavy lifting and call china out which is what i expect will happen tomorrow at his speech at our hudson
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institute. so president trump is still left above the fray as it were working with his friend president xi. that could be the answer to a deal. stuart: michael pillsbury, always good. see you soon. >> i hope you come to the talk, stuart. stuart: if you're not careful i might. michael good stuff. coming up, fast-food companies they're having real trouble finding employees. millenials. they don't really like this kind of job at that kind of price. next hour i talk to the former ceo of mcdonald's. what will they do about this? but first yesterday, the democrats have, i said yesterday, look the democrats have overplayed their hand with kavanaugh and i think they will come back to bite them in november and it's apparently already starting. we'll talk to the founder of walkway, that is walk away from the democrats on this program today. stay there please. ♪ (vo hand) can we talk?
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♪ ashley: harvard economist martin feldstein says the fed is right, the u.s. economy is booming but he told us he is a little worried for the future. take a listen. >> what he actually told us was where the economy is now, not where it's going and i think the economy is in fantastic shape now for the same reasons that
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jay powell said but i think it is fragile. i think there is a risk that as long-term rates keep rising, the 10-year treasury has doubled in the last two years. as it goes from 3% to 5%, i think that's going to be a real challenge for equity prices. ♪
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stuart: all right, we like to cover all the markets, first of all the dow industrials we're up 140 points, 26,900. we are there. how about the price of gold? not moving that much today. it had the big move earlier in the week. we're down a buck 60. 1205 on gold right now. now this. i said the other day, i think the democrats jumped shark with kavanaugh and i think it is going to hurt them in the midterms. look who is here. brandon tracker, the walkway campaign founder. welcome to the show. >> thanks very much. stuart: this is walk away, from walk away from the democrats. >> like "diamond & silk" say, you can run and run like hell. stuart: why? you used to be a democrat and you changed? >> i voted for hillary clinton, and barack obama twice. i was a lifelong liberal. after this election of donald trump so clearly revealed
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to me how dishonest the media was capable of being. that was the first step in my transition. stuart: and then? >> well i mean i started, i went on a long journey of research, discovering how dishonest they had been during the campaign and dishonest about him and his voters. it really opened my eyes how they are manipulating minority groups, african-americans, gay people and i wanted to speak out and do something about it. i started something called "the walkaway" campaign. stuart: can you put numbers on it? >> oh, yeah. stuart: go. >> so it started out as a social media campaign on facebook. the facebook group has 190,000 at this point, but on all social media platforms we have 380,000 people joined walk away campaign. they're telling their testimonials, it is a testimonial campaign. they're creating videos and writing testimonies why they're fed up. you will next question be about kavanaugh and how increased influx, that is an
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understatement. we have seen -- >> how does kavanaugh increased influx to the walkway campaign? >> big-time. we have seen a big uptick in our numbers. what amazing testimonials we're getting from it. i saw one from a woman in their 70s. she not only voted democrat her whole life and worked an volunteered for the democratic party since she was 13 years old. she said this is the final straw for me. this is not the party i know and i'm out. stuart: sounds like the people in this walkway campaign, they are, they're angry at or disappointed by the democrats? >> yes. stuart: as opposed to being vigorously in favor of trump? do you see what i mean? >> yeah. stuart: first it's a negative. you are catching people because they just don't like the democrats any longer. >> yes. stuart: as opposed to people we really like trump? >> right. i say all the time, the walkway campaign is journey, not a destination. i'm not telling people where to go, or what to do or how to
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think. let's look at what the democrats are doing, violence, vitriol, name-calling walk away from that. i ended up in the republican party after doing my research and i'm a proud trump supporter. that is where i am. i don't tell other people what to leave or what to do. stuart: who funds you? >> we are self-funded. we're a grassroots campaign. we don't have sponsors. we don't have major donors. we would love for people to help us out. we have a website, wachawaymarch.com. we have a march on washington end of this month. 26th through 28th of this march. if they would to walkwaymarch.com. it is incredible event and help us fund raise. stuart: when did you start? >> may 26. stuart: of this year? >> i released a six minute video everything is wrong with liberalism and democratic party. the video went super vial. at this point has more than 10 million views. and that is what really launched the campaign. i encouraged other people to create their videos too.
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that is what the campaign became. stuart: tell me again. you have 380,000 did say? >> more than. stuart: give me the number. >> it is probably 383,000, somewhere around there. stuart: is it some, it is a website? >> yes. stuart: so i get on it, look at other people who walked away? >> so it started on facebook as a group page. people go to facebook. they type in #walkway. join the group page. that for the time-being where all the testimonials, video testimonials. as things do on social media, spread to twitter, instagram, youtube. people can find testimonials on youtube as well. stuart: do you have any idea where most people are? are they concentrated in california, new york, new jersey, anything. >> they're all over the country, but we have people all over the world. i have people asking me can we do walkway in england? can we do walkway in israel and australia and germany, and european countries? they're experiencing downfall of liberal ideology as well.
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they love what we're doing over here with the walkway campaign. stuart: remarkable. brandon, thanks for joining us. >> encourage people to go to wachawaymarch.com. stuart: say it again. >> wachawaymarch.com. help us with fund-raising. -- walkway. stuart: president is going afford ford. should the president be criticizing her testimony? we'll answer the question for you. promise. ♪ how do you win at business?
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stuart: i'm not quite sure what is the high of the day but we're pretty close. we're up 155 at 26,930. that means we have 69 points to go before we hit 27,000. next case. here what president trump said last night about christine blasey ford. roll tape. >> i had one beer. well, you think, nope, it was one beer. oh, good. how did you get home? i don't remember. how did you get there? i don't remember.
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where is the place? i don't know. what neighborhood is it? i don't know. upstairs, downstairs, where was it? i don't know. i had one beer, that is only thing i remember. stuart: media is reacting to that saying the president mocked the accuser, so, liz, ash, should he have said it? liz: susan collins is saying it was wrong to do it. jeff flake is saying it was wrong. we're in the middle of an fbi inquiry. i mean at a political rally, just seems wrong to do it at this point. you know, last week the president was saying, christine blasey ford was quote, credible and compelling. stuart: tactically bad you think? ashley: i don't think he needed to do it. the way it was presented in the first place can stand on its own. yes show was credible. he listened to a whole laundry list of things potentially trouble with the story. he doesn't in that position need to do that. stuart: there will be a whole series of these rallies like we saw last night, previously in tennessee. there is a whole series before the midterm elections. they're pretty much the same.
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the president's style is dramatic. lots of bluster. and he is out, it is an old-style campaign rally. ashley: yeah. stuart: do you think the public likes that? like it from the president. ashley: people love him, absolutely love it. does it get him new supporters? i'm not so sure. people that hate him will absolutely hate every rally, mr. trump, the president is doing what he does best. stuart: would we miss him if he is not doing this? liz: yes, i think we would. >> got him where he is. liz: i think we would miss him. people secretly in their kitchens and in their living rooms enjoy watching how he speaks, plain english, to the american people. he is, even though he is misstates an awful lot of things we reported that on camera, they're finding it compelling have somebody talking with you, instead of lecturing at you like teachers faculty lounge. ashley: he says what we all love to say but would never expect
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someone in that position to say. there is no filter. he says what he thinks. often for those who like him, and support him, we would be love to be able to say something like that. he does it for us. absolutely no filter. stuart: absolutely no filter. ashley: appealing directly to the people. liz: makes the d.c. henhouse echo chamber go crazy. he misstates a lot things. he does speak with us. stuart: yes he does. watches this show. he was watching this morning. ashley: yes. stuart: we love it. you have indeed been watching financial history on this program. that is not an exaggeration. $9 trillion added to the markets value just since election day. what a ride it has been. we're glad you have been with us. my take about all of this, top of the next hour. ♪
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stuart: for the last two years we have brought you financial history, that is not an exaggeration. since the election of donald trump, we have seen explosive stock market rally that has frankly enriched us us. the left will bleed about the rich or their benefits. remember, please, everyone, 55 million americans when they check their 401(k)'s will be pleased, 35 million when they check ira's will be pleased, all unions and government workers, pension funds, you will be pleased. we all benefit from this market rally. we have a piece of $9 trillion of the market's value just since election day. $9.3 trillion to be precise. 102 records for the dow and it's up close to 50% since the
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election. the crash predictor never recovered whatever reputation he once had. so after all this time why are stocks still going up, massive profits still to come, that is the answer, next week begins what's called earnings season when companies tell us how much money they've made or expect to make in the future, all the predictions are for more big gains, maybe 20% or more. maybe just maybe voters are also turning away from the democrats because of their shameful hysteria of a judge kavanaugh, if that's the case, the republicans keep the house and president trump's growth agenda keeps rolling. go back 2 years, election time 2016, nobody expected this rally, now some of the people on the show figured that stocks would go up but nobody forecasted 50, 41% gain. and as of now, the market is still going up. it's been a great ride, we are
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glad that you have been with us. the third hour of varney & company is about to begin. ♪ ♪ stuart: president trump watching our show today, he tweeted this, thank you to congressman tom reed of new york for your wonderful comments on new great trade deal with méxico and canada. u.s. mca, i have long ago given you endorsement and for good reason, keep up the great work at varney & company. he's watching. blow-out numbers on new jobs and services, market up. yes, he is watching and we appreciate it, mr. president. check the big board right now, we are up 138 points as we speak and most of the dow 30 are in the green, they're up, what about 70 points away roughly but more than that, 70 odd points
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from 27,000 and our next guest says stocks will keep going up, michael in new york, you're bullish, aren't you? >> yes, we are. stuart: how far are you going? >> we have outlook of maybe a couple 3, 4% through the end of the year. stuart: i try to do the math. i'm talking the dow. you often use s&p, i'm talking the dow, 2 or 3% up on the dow from here is another, what, 2,000 points? >> yeah, something like that. stuart: you could see that happening? it's huge. >> 2 to 3%. looking into '19 preprojecting upper-single digit range. that's a conservative outlook given everything that's going on. stuart: conservative outlook? >> yes. stuart: i'm trying to do the math here, given your outlook you really have staring at 30,000 on the dow, i know you guys don't like to put a number. >> yeah, exactly. stuart: you're looking close.
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>> exactly. to us is about a few things, tax reform, the second is we think the fed is doing a terrific job as they manage their tightening. in our view they are monitoring this and they will keep a pace of tightening to be favorable towards the economy and that as you said translate into earnings. stuart: i have to bring politics into this. what happens if democrats take the house, does that upset the stock market? >> excellent question. one of the things we do is to look for cracks, what we call cracks, one of the things is i had team dig into midterms and shockingly many my opinion, it was a surprise, we see change in power, correction, you look in history, that's not happened. on average the market is up big really after the year after midterms and the 9-month period specifically, fourth quarter into the first -- yeah, the first half of the following year it's big. stuart: okay, i think i can conclude that michael is a bull.
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>> absolutely. stuart: thanks for being on the show. i want to get to tesla. hudson bay investment company they will keep betting against the stock, they think it's going to keep on going down, not much impact this morning. tesla is down 8 bucks, but it's below $300 a share. joining us now is jeremy owens, market watch technology editor, in san francisco bureau there, give me the big picture, jeremy, is the worst for tesla? were we -- we have seen them and they will probably do it again, the real question for tesla in 2019. it's not the end of the year, they had model 3 backing up and getting ready and they are delivering and satisfying the
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demand. once the demand is a little bit drained what happens? stuart: for this calendar year 2018, musk is home free, tesla is okay? >> well, as long as he keeps hitting numbers. we saw yesterday announce and the stock really didn't move that much, they're expect today hit the numbers now, before tesla always gave numbers that were much larger than anybody expected them to actually hit them and they didn't hit the price that much. now they've given numbers that people expect them to hit. they do have to continue to hit the numbers through the rest of the year. stuart: how about facebook? the stock not bounced back over 200, it's floating 160. do you think it's time for mark zuckerberg to go as ceo? >> even if somebody wanted that, mark zuckerberg runs that company, controls the company, the entire structure of that company is set up for mark zuckerberg to have complete and
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utter control. so even if there was up swell to get rid of mark, he didn't have to listen to it. i don't know if there's anybody besides cheryl sanburg that can step into those shoes. get another chairman, get some more oversight, so somebody that zuckerberg would actually listen to to say, hey, you're heading down the wrong path and you need to make serious changes. to his credit, zuckerberg in public statement we realize our error and we are trying to change. i have not really heard that from musk. i think there is no mechanism to force zuckerberg out and he's not going anywhere. stuart: that's for sure. how about apple's chief tim cook says china is not using apple devices to spy on chinese citizens, are you buying that? >> sure, i would think that apple would have some safeguards in there but we don't really
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know, do we? it's all of the problems with china, all tech companies are trying to do what they can to satisfy the chinese government demands and we don't have visibility into that and the chinese aren't going to give that. so they can say whatever they want, there's no way for us to prove that they are telling the truth or not. stuart: we covered stuff fast on the program, you did very well, jeremy owens. you better check amazon, this week we heard that they are going to pay all of the u.s. workers minimum of $15 per hour, the stock this morning backing off down 13 bucks at 19.58. microsoft hit an all-time high earlier, got real close to $116 a share, still up there, 115.68. how about general electric, all questions about future, virtually no change at the moment, 1233 on ge. alibaba, goldman sachs repeated rating says that thing will get
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to 247, it's at 162 now. alibaba according to goldman says it's going to thrive as it dominates new markets in china, 162 on alibaba. happening right now, secretary of state mike pompeo holding a news conference talking about iran and his upcoming meeting with kim jong un in north korea. if he makes headlines, we will bring them right to you, that's a promise. later we will talk -- later this hour about latest developments about this hour. now this, fox news tucker carlson has a new book, just listen to the title, shiver fools, how a selfish ruling class is bringing america to the brink of revolution. it has his own special graphic. i kind of like that too. he's with me in the studio next. i want to know what kind of revolution are you talking about, tucker? stay with us, jam-packed hour ahead. this is the third hour of varney
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stuart: heads up, everyone, later this hour you will get presidential alert, emergency management people will send text messages to all cell phones and will happen at 2:18 eastern, by the way, you cannot opt out, the warning system will be used in case of armed attack, cyber-attack or natural disaster, 2:18 wait for it. our next guest, look at the graphic, we must be sending money on that. he's taking aim at america's political elites, he says they have total content for you. look who is here, tucker carlson host of the wildly successful tucker carlson show. author of this book, shiver
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fools, how ruling class has failed. stuart: what kind of revolution are you talking about? >> the one in progress. trump didn't get elected because it was satisfied country. the people in charge ignored them, they ignored the precept of democracy and pay attention on the population and nobody did and in order to send a message they elected trump and the people in charge did not receive the message. in sane explanations, people in charge made bad decisions, foreign policy decisions, economic decisions that hurt normal people and they never took responsibility for it or learned from it. stuart: i see, on the cover here you have the elites, i see mitch mcconnell, i see mark
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zuckerberg, i see hillary clinton, i see maxine watters, you have mitch mcconnell in there why? >> because mitch mcconnell -- look, a lot of good things about mitch mcconnell au lot of good things about mark zuckerberg, every person i write about is impressive in some way, all of them were part of the regime that produced the volatility that led to the last election. stuart: do you think they get it? >> no, they don't at all. they think that trump is an anomaly, just a blip on the screen, he will go away or maybe take him out with mueller investigation and right back to america as it was in 2007 and that's not true and the reason it's not true is because the middle class is shrinking in absolute terms and portion of population, it happened in 2015, no longer the majority is middle class, you can't have a democracy except in middle-class country where the average person making 80 grand a year can send
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kids to summer camp. isn't totally depending on the government for health care. we don't have an autonomous thrive, that's recipe for disaster. stuart: bring me up to speed on your take on the kavanaugh nomination, my position is that public opinion is shifting rapidly in favor of judge kavanaugh, am i wildly wrong? >> i don't know, i talked to a pollster about it and i think there are mixed signals on that. this is what i know for sure, republicans voters voted for trump and for the republican congress for a reason, a series, they wanted x, y and z and they haven't gotten a lot of things, one of the main reasons is voice on supreme court, and if the republican senate can't get judge kavanaugh who is a moderate middle of the road bush guy, if they can't get him on the court why can republicans voters vote. stuart: if we don't get him on the court america will lose because we have destroyed a man
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and family for purely political reasons. >> everyone but jeff flake knows it's not on the level, everybody knows that. stuart: you're all right. >> you're winding me up. stuart: you do show at 8:00 o'clock. >> i can do it now. thank you. stuart: i want you to autograph the copy of your book that you have for me. don't be nasty. >> nasty. >> write it. thank you, tucker. you're all right. i will check various markets for you, first of all, the dow is up, we are way up on the dow, 120 point. bitcoin still around 6,400 bucks per coin, price of gold still around $1,200 an ounce. got it. take a look at big banks. the reason why we are showing them bernie sanders wants to break them up, he introduced a bill in the senate, it would -- it would include 6 banks and for
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nonbanks, break them up says bernie. they're all up. now this, ashton martin under pressure on first day of trading in the london exchange. the company valued at $5.6 billion in ipo but the stock fell below the opening price. the ceo says he's not worried, what else is he going to say? james bond. check this one out, bugatti showing latest super car in paris, it's sold out, only 40burg -- bugatti, maximum speed 236 miles an hour, the price $5.8 million. ashley: deal. stuart: the bugatti divo set to release, owners can get it in 2021. forbes ranks the richest people
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in america. can you guess who is on top. ashley: we are looking at them now. stuart: some of them, coming up next, promise. welcome to the place...
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stuart: the hyperloop showing up full-scale capsule, this is in spain. 105 feet long, speeds 750 miles an hour. the chief says he hopes to have a full hyperloop system running in 3 years, this is a competitor to musk's hyperloop system. elon musk wants to build his hyperloop system in los angeles. flame thrower, there you have it. joe rogan posted the video, musk sold for 50 bucks, he was trying to raise $10 million for his company, he sold the lot, i wouldn't mind. weed killer. before the break we asked you to guess who is the wealthiest person in america. ashley: laughing right there. stuart: the man on the screen is number one, jeff bezos,
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$160 billion, bill gates, 97 billion, buffet, 88 billion, zuckerberg 61 billion, ellison as in larry, number 5 at $58 billion. i have a side of booming economy for you, orders for big trucks, they absolutely surged in september, very good indicater, charles pain has been pounding the table on this one for a long time. he will join us shortly. fast-food chain, can't find enough workers they say is the biggest issue they are facing, do they need to raise wages they're offering? obvious question, we will get an answer too. accused of working to make more money. i have details for you, check the big board, solid gain, almost half percentage point, gain of 124, 26,900 is where we are.
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♪ how do you win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com
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stuart: rally holds, look at that, we are up 142 well above 26,900. dare i say we are closing in on 27,000?
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sure looks like. how about this one, the fast-food industry struggling find workers, some people in the industry say there's a war for talent. former mcdonalds ceo. why don't fast-food people just raise wages, why not? >> well, i think they should frankly and i think they are going to have to, the whole wage increase at amazon wasn't about thought it was about getting enough workers to keep the business going and true with the service industry and everywhere else, it's going to elevate the middle class and bring them up and thank you bulldozer and chief donald trump, i'm glad it's happening, it's going to be good for everybody. stuart: can mcdonalds franchise, for example, afford $15 an hour? >> well, there's always going to be pain in some of the restaurants because they just don't have to volume to handle it but they'll raise prices. i think the restaurant industry in total is going to have rethink a lot of things they do in recruiting, it isn't just
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about wages, if you look at the generation of people coming to the workforce, they want flexibility, they want mentors, they want guidance, they want leadership, they want to have opportunity for flex time, scholarship and financial payment on student loans, a myriad of things you can do to encourage people to come work for you, the most important thing to do is, though, and it happened to me, you have to have training and mentoring program that takes a first-time employee with low-skill sets and trains them and develops them so they can be a ceo in 35 years, i think what's happening is terrific. stuart: got it. i want to go back to amazon as you know, ed, they've raised the minimum wage that they will pay workers in america to $15 an hour, do you believe that that transfers to other companies? >> oh, absolutely, i think they should have gone to $20 an hour you look at the magnitude of their profitability and their scale they can easily afford it
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and their jobs are standing in the same place all day long doing the same thing, they have to develop a better career path per employees, it's going to trickle down to everybody. it's supply and demand. the more jobs there are, the fewer people to fill them demand goes up even low-skilled workers will be getting more. something just happened, u.s. steel 750 million remodeling of a steel plant in indiana, do you know what's going to do for hispanics and blacks on the south side of chicago? i mean, it's beautiful what's going to be happening and i thank trump for all of it. stuart: that was -- you saved the best for all of it. you thanked trump for all of it. what exactly has mr. trump done to get amazon workers 15 bucks an hour and maybe raises elsewhere, what exactly has he done? >> well, a couple of things to think about, he's not a republican or democrat. he's a pragmatist, businessman, he sees a problem and says let's
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fix it, negotiator in chief, look at what he did with canada, méxico and the united states, look at the pressure on china and he reduced taxes to the average person, they're going to see it in their paycheck, the stock market is up and show up in pensions, he got rid of regulations which were absolutely stifling small businesses which are the grassroots of job creation, the man has done a lot for this country that we won't really appreciate until 30 or 40 years from now and we will read about it in the history books. stuart: okay, strong stuff, we appreciate it, thanks very much for joining us, always good. >> glad to be there. stuart: yes, sir. now when you buy a ticket to a concert sporting event chances are you will use ticketmaster, chances are strong, ticketmaster is being hit with class-action suit, they are accused of working with scouters to make more money, judge napolitano is here. judge, i don't understand how
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this works, tell me. >> they are violating a california statute, the strictest in the nation by failing to tell the scalper that they are making a profit, so they sell a ticket to a scalper for $200, the scalper resells tickets for $400 and renits a portion back to ticketmaster, if they fail to remit to ticketmaster, ticketmaster will stop telling tickets in bulk to the scalper. by fail to go tell the -- failing to tell the consumer, they violated the california consumer law. i think it's absurd, if the person is willing to pay $400 for a concert ticket, what do they care where the money goes to whether it goes to ticketmaster or scalper or the guy on the street who is
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peddling an extra ticket. stuart: i should have full disclosure, i want to know all the situation. >> charlie brown. your favorite state california, a bunch of plaintiffs' lawyers are trying to make money and you're siding with them. stuart: my producers say i can't respond. >> i finally got you. stuart: i think that's all about getting these e-cigarettes out of the hands of people under the age of 18, what's wrong with that? >> it's about freedom of speech. it's the parents' job to keep cigarettes out of the hands of people under 18. stuart: why not? >> commercial speech is protected by the first amendment just like political speech is. stuart: if the marketing is designed and the flavored cigarette kind of things, if the market is designed to hook
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people under the age of 18, hook them on dangerous drug don't you think the government has responsibility? >> it's lawful, it's profitable. stuart: not under 18 it's not. >> do you want the government that can't deliver the mail telling your children how to behave? stuart: you've not answered the question, it is illegally for kids to get ahold of nicotine under the age of 18, what's wrong with the government stopping from getting it? >> the government is trying to stop people and that's wrong. stuart: what's wrong with the government stopping people getting hold from getting a dangerous drug, answer the question. >> i don't trust the government to take care of children, i trust their parents and i suspect you secretly agree. [laughter] ashley: wait for it. >> a number of children that were beautifully raised by you and not by the feds.
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i don't want to get the number out. [laughter] stuart: we have a couple of youngsters in the studio. [laughter] stuart: all right, judge, time is up, you're out of here. >> see you in the mourning. [laughter] stuart: i want to put stock, jc penny up 12 cents, just brought in, stock is up a little. wal-mart, it's buying plus-size online retailer eloquy, no impact, stock is down. order groceries from kroger, pick them up at walgreens, that's the theory, whether it works it's another story, stock is up a little. suspicious envelopes were sent to president trump and the pentagon, the envelopes were sent to the pentagon tested positive for ricin, they believe
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a former navy sailor is responsible he sent the letters to the pentagon. more aggression from china, chinese warship nearly collided with u.s. navy destroyer in south china sea. next retired four-star general jack keane on that. i will ask him about secretary pompeo, he will meet kim jong un in north korea this weekend. i say that's a positive sign, what say he? we are calling booming economy, orders for big trucks surged in september, charles payne is with us, he's been calling this all along as a fine indicater, we will be back. your company is constantly evolving. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices
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>> toys"r"us making a comeback, yes, that does include jeffrey the giraffe, abrupt cancellations and we might see toys"r"us reopen, babies"r"us in north america. so it looks like creditors that own really key part of the old toys"r"us thinks this might be a lucrative turnaround.
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more varney right after this.
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stuart: well, here is a positive economic sign, orders for new trucks surged and i mean surged 90% last month making money host
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charles payne with us. you can take your victory lap and by all means because you have been plugging this. my figures say orders in september were 42,000 big rigs, why is this so good? charles: this is the ultimate reflection of what big businesses expect in the future. these are big-time investments, forget about all of the surveys, rev up the diesel, we are rocking and rolling, here is the good thing, two firms that monitor this, one of them said that demand indicating by surge suggest that next year could be stronger. let's put that in perspective, already we are at 400,000 for the year, last year 190,000, the year before that 160,000. this up 92% year over year but 200% from 2016. these are $200,000 investments, they represent jobs, they represent opportunity, they also represent the sign of optimism. stuart: one more for you, adp come out on thursday --
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wednesday morning, they come out with private-sector job created, 230,000. charles: amazing. the street was looking for 180,000. absolutely phenomenal, i will tell you all the official numbers for friday, all official estimates will be higher. when we get to friday every major firm on wall street will lift the number up, you know, here is the thing, dirty fingernail jobs, i focus on those for a couple of reasons, number one it's the heart of nation, foundation of nation, up 46,000 and president trump's 21 months over 800,000 goods producing dirty-finger fingernail, jobs, that's the heartland, these are the people that will vote out for president trump again. stuart: you going out on a limb and forecast blow-out job's report? >> absolutely. 2020, 2030 is a distinct possibility. 6.9 million job openings, right,
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and companies are hiring people who thought they would never work again. these 42,000 big rigs that were sold ordered last month, a lot of people are going to drive them, felons, nonviolent felons, people who have previously couldn't get a job because they smoked weed here and there, a lot of people who were blocked out of this economy are coming back into it. stuart: all right, charles, i think you are moving your show to 2:00 p.m. eastern time starting october the 15th. charles: october 15th. stuart: until then you are still with us at 6:00 o'clock. october 15th, 2:00 o'clock payne makes his mark. charles: let's make some money. stuart: chinese warship nearly collided with u.s. navy destroyer in south china sea. the pentagon has accused the chinese of doing unsafe and unprofessional maneuver, general jack keane joins us now. what do you make of this?
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>> well, it's part of the chinese campaign, they're doctrine is find unrestricted warfare, enemy use, dominate and control the asia pacific and also stated goal of theirs in 20 years to replace the united states as preeminently global power in the world. what are those tools? economic warfare that you discuss a lot here, tariffs, they use loans, high-interest loans that they default on and take over the infrastructure that they're building, cyber, massive cyber information campaigns to undermine the governments in the region, to undermine, to meddle in election and buying up media in the region as far away as australia to gain influence over the population in those countries and then the most rapid military build-up in the world is not the trump defense build-up which we absolutely applaud, it's chinese
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military build-up. we are doing the ground forces and actually moving the air power past the capability of the united states. stuart: let's bring up to speed on secretary pompeo, he's going to north korea this weekend, he meets kim jong un, another special meeting on the way, what's the significance of that bearing in mind china's aggressive moves throughout asia? >> you know, i think it probably has real significance because, remember, the president stopped him from going the last time and i suspected they wanted something from north korea, more positive sign. here is what they have been waiting for, inventory of all of their nuclear ballistic missiles, sites, et cetera, and some program and definition and timetable to destroy that. hopefully they've got some evidence of it or at least they're promising they are going to put that in front of secretary pompeo when he comes because that's really the next
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step. stuart: that's big, really big. that puts the whole denuclearization program on track. >> what we don't know the north koreans are saying, if you want me to give up all of the weapons, the south koreas say 60, between 60 and 100 and ballistic missiles, you can't expect me to do that overnight. we have to establish trust and trust they are looking for is around security and a potential regime change which has been the paranoia of the kim dynasty, three leaders since the end of the korean war, however, there's a fine line between that trust and north koreans gaming us and playing us and we don't know where -- we are building trust with them or gaming us or playing us as they did in previous administrations. time will give us that answer. stuart: partial answer this weekend. >> i think secretary pompeo will get some kind of an answer this
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weekend that we don't have right now. stuart: moving parts are in motion. general keane, appreciate it. the man who invented the narcan nasal spray has teamed up with the department of health and human services for stronger nasal spray, used in active terrorism, dr. roger crystal the man behind us next. first, big board, we are holding on the triple-digit rally. the dow industrials are pretty close to 26,900, we will be back. you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge
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stuart: we've had this guest with us before, he made the narcan nay sale spray to treat opioid overdoses, the news is he's now working with the feds on a stronger nay sale spray to treat fentanyl overdoses, roger crystal is back with us, ceo of opiant pharmaceuticals, roger, welcome back. >> good morning.
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stuart: you have the nay sale spray and if someone had opioid overdoes spray, you save their life, is that it? >> absolutely. stuart: you're working on something which if somebody is having overdoes with fentanyl, your nasal spray would save their life as well? >> we are working on it. the reason we think it can have advantages is because it's a drug itself, it's stronger, 5 times stronger and lasts longer and that's particularly important because fentanyl 50 times stronger than heroin and is in the blood 7 or 8 hours or so. stuart: many of the deaths, not all but many death that is we knee this crisis are from fentanyl contamination of whatever it is that the person is taking? >> absolutely. in fact, the most recent data in 2017, 50% of overdoes deaths
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contained et -- fentanyl. it's being laced substance like cocaine and someone who has not taken is overdoing. stuart: what's the danger of fentanyl being weponized, by i understand it to mean you can turn it into a gas, spray it in a subway somewhere and create mayhem. >> indeed. there was massacre in russia, 119 people died in that attack and the gas that was used is fentanyl. there's already unfortunately a precedence and with the opioid crisis, the issue is now that so much fentanyl around recently in nebraska, around 50-kilograms seized to kill.
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that is arrangement or contract, that will help us create in a way that's suited for this type of situation and with think that if we are successful in the development stage that they'll be potentially be start piling it. stuart: you're not there yet. >> we have fantastic data already, though, that we are encouraged by and we have the fund to go take this all the way for fighting for approval and we believe that will happen in 2020. we are not far off. stuart: i have to get this really clear here, nasal spray that you have saves lives, it does not cure the addiction? >> indeed. as a company it's not around overdoes but developing drugs to treat conditions, opioid addiction, for example, we have other things, we have the heroin
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vaccine, early stage but very exciting drug potentially but the other things we are doing, for example, are in alcohol addiction and eating disorders as well. stuart: good lord. roger crystal, very interesting, opiant pharmaceutical ceo. they'll be more varney after this. ♪ ♪ touch shows how we really feel. but does psoriasis ever get in the way? embrace the chance of 100% clear skin with taltz, the first and only treatment of its kind offering people with moderate to severe psoriasis a chance at 100% clear skin. with taltz, up to 90% of people quickly saw a significant improvement of their psoriasis plaques. don't use if you're allergic to taltz. . .
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the suv there to be driven away. >> off he goes. stuart: president trump, wait for it, yes he watched our show. he tweeted this out. we had on our show congressman tom reed. here is what the president tweeted. thank you for tweeting, i have given you my full endorsement, for good reason. keep up the good work at "varney & company." that was followed by this. blowout numbers on new jobs and separately services. market up. isn't that a nice feeling, ash? ashley: it's a great feeling. you're the go-to person and we're the go-to show for all the economic information. let's be honest the economy is booming. we're just reporting what is going on. >> we're poor immigrants with foreign accents and the president of the united states watches us. ashley: we're very honored. stuart: yes we are. the dow not quite at the high of
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the day but pretty close. we're up 151 points. if we go up another 73 points and small change we will be at 27,000. let's see if neil cavuto can get it over the 27-k mark. neil: so the president clearly watches your show, great show to watch. did he mention me at all? stuart: no, not in that tweet [laughter] neil: all right. because, boy i get some colorful ones but nothing like that. thank you, my friend. freight few hours there. we'll see if we can keep this going here. we're well into record territory amount lot as you've been hear something built on optimism about trade, get the chinese to the table, unexpectedly strong news on private payroll front. that is precursor what could happen with the jobs report on friday morning. i think they're looking for

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