maria: i love that tidbit but that's not the only way corporations are returning money to the people who want it the most. they are raising wages in this country. point to amazon with a $15 minimum wage and all of these retailers raising their wages at the beginning of the year. people are feeling it and that the democrats feel they are not, they're living in fantasyland. maria: great show, sunday morning future house judiciary chairman and see you sunday that's 10:00 a.m. fox news. write to stuart party we go. over to you. have a great show. stuart: seize the day, maria. maria: you know it. stuart: the top team on the move to the next emergency that is the approaching migrant caravan. mike pompeo is heading for talks with mexico's leadership and he's laying down the law. stop the charon or else the money flow dies out. there is a plan and the un will that the migrants at shelters new mexico from the border and it's up past the un to make it

to our border we will send them back to mexico and mexico will take them back. that is new. this is now a political issue. democrats open border versus terms hard-line, stop them, send them back. hard-line trump clearly hitting china. news this morning it's industrial output is falling sharply and our economy continues to pull ahead. that's why our market is coming back a little bit today. we will open close to eight triple digit gain for the dow in a big jump in the tech heavy nasdaq, too. let's be clear. your 401k has taken a hit this month and the dow is back to around 25,300. and this. someone, maybe a newly minted billionaire tonight. not. yes, the mega millions jackpot is 970 million but please remember if you win, the government takes half your billion. varney and company is about to begin. ♪.

president trump: any guy who can do a body slam is my guy. [cheering and applause] i was in rome with a lot of the leaders from other countries talking about all sorts of things and i heard about it. we endorsed very early but i heard that he body slammed a reporter. stuart: forceful president trump at a big rally in montana last night. david, go back chair. a lot of people are saying president should not have said something like that about body slamming a reporter. what you say? >> it was intended as a joke and got a laugh. just as last night nikki haley got a laugh from her comment at dinner that she was invited as an indian american because lisbon war and failed her dna

test. stuart: aren't you giving your opponents ammunition here? i mean, the dob criticizes the democrats the competition and now the president goes up a conversation with a reporter. >> plenty of examples of aside were there giving joking with one another or giving each other a hard time. turn on the late-night shows and see what it said about president trump if you think the coverage is there about who is making fun of you. stuart: back to you in a second hold on one moment. let's turn to china big news today that reporting their weakest growth rate in nearly a decade joining us now an old friend of mine will call him a veteran market watcher, i hope he doesn't mind, james a water and back on varney and probably. >> my pleasure. stuart: it is? just wait. [laughter] china is slowing down clearly and it is falling in the month of september. what impact of their slowdown on our stock market - i don't care about becoming a stock market?

>> minor at this point. china is a potential black swan if it implodes and there's a lot of issues in terms of how can affect the world economy and world banking system at a bar the evidences they manage through. periods of slowdown and manage the liquidity and manage the confidence and as long as china doesn't implode our stocks will react to is going on here which unbalances unfavorable. you have to watch but not a danger. stuart: can i go as far as to say we are winning the trade fight in the sense that their economy is hurting our economy is not? >> yes, absolutely. our economy and markets are doing better and feeling the pain and this is a big gamble on transport. it's still a gamble in high risk we have to say the evidence is that he probably going to win because we are the soccer play player. stuart: you been following the market longer than i have it really is saying something, james. [laughter] give me your outlook for the next six months. our viewers want to know is the

time to sell the big text - they made a fortune on them or plow more in? >> it's a title war between rising profits and a growing economy and rising interest rates and market pressure and tightening liquidity. profits will power and win the game but stocks will go up but because of rising interest rates and margin pressure it will be more volatile. you buy on weakness, not a bear market, conditions for a bear market will exist and they might in a year or two as interest rates go up but right now your tolerable inflation, tolerable interest rates, growing profits and socks are cheaper than they were at the beginning of the year because profits have gone out or than stock prices. i'm a fire on balance. stuart: today is october 19. >> yes, it is. it's an anniversary. stuart: 1987. susan, you know all about it. [laughter] where are you in 1987? >> i was right there running firm called [inaudible].

stuart: you are with me. we were on the air live on another network, okay. [laughter] but let's not get into that. >> yes, we were together and if you get back far enough i remember when nixon was impeached in the vietnam war and we been through a lot together and you know america always comes out of it. stuart: james, you go back further than i do. [laughter] pleasure to have you back. >> thank you. stuart: let's get to the migrant caravan. there is a deal of sorts between our country and mexico to stop those migrants from arriving in america. remember, yesterday the president said he might involve the military if necessary. back to david, this looks to me like a political competition. democrats want open borders and the president says, stop them, send them back. i think he went on the. >> this is a winning issue for the president and for the public

and the democrat campaign for open borders and we campaign what ultimately americans want. they want the communities and they want to know who is coming in and leaving the country which is what a secure border gives you while at the same time debating from all the good things we get out of legal immigration. 40% of fortune 500 companies were started or founded or now run by an immigrant or the child of an immigrant. stuart: let's eat the video on the screens right now. americans get worried when they see this caravan and others starting. americans regard that is a real threat. >> hence why the president has that if you do he'll send the military to the border. it is why you have him putting pressure on mexico and now they are stepping up and being couple. stuart: very strong pressure on the scale. and guatemala, too. guatemala got eight and a half billion dollars in remittances from quite a model living in america down to quote mullah

last year but only 60 million people in the country and they got eight and half billion. stuart: >> as any parent will tell you the best way to get the actions you need is to cut off the mon money. the president has done that. if you want america support you will help us with the issues we are facing. stuart: we want to be humanitarians but david thank you so much. see you soon. california democrats, harris wants to give many people free money and tell me more that be a good vote-getter. stuart: vote buying. >> exactly right. under this plan she says those families earning 100,000 a year or less would get a tax credit of 100 month or $6,000 a year. or individuals less than 50,000 a year they would get 250 a month or $3,000 a year. chance of get this getting to congress, right around zero. to the point, it appeals to the

democratic base and appeals to lower income families and a way to buy votes. stuart: david, not quite leaving the set just yet. [laughter] you must relish this. you got to want the democrat to go by left. >> the best way republicans have to keep in the house is for people to see what the democrats are for. stuart: and? >> and in every policy announcement there made this year they been wrong whether it be the border or tax cuts or getting rid of relation. democrats have been wrong on every step of the way. stuart: but they use this as a tax issue against the tax cuts but place by the gop same weight inflation is being basically stagnant and families are falling behind the cost of living. the trying to turn the tax issue with stuff like this and to their advantage. stuart: i didn't find out where senator harris wants to get the money. reimpose tax increases? >> same thing with health care plan but they say medicare for

all and we know that as government run healthcare. not one person including chief architect bernie sanders can tell you how they will fund it. stuart: what a stark contrast between the term growth plan and kamala harris far left growth plan but give money away all right. now i can say thank you very much. [laughter] we are all done. let's see, it's a friday morning we got a pretty good gain, triple digits up for the dow about 40-point up for that nasdaq would check out the big tech names. i think we have the premarket, yes we do, they are up. they take quite a beating lately but there's a modest balance or balance as of this money. american express, gave a rosy outlook and yes, the stock is up about 1.3%. how about proctor and gamble? that are still there, boosted by all, this is what they do. beauty and hope your product but they do that, strong demand. very strong demand because they have it put up five and half% on a huge company like procter & gamble. they make all kinds of consumer items, toothpaste, crust, thai

detergent, you name it. up 5% and very beginning for a very big stock. tesla introduced a lower-priced model three or so elon musk suspect this will be the electric car for the masses. cannot build them? well, will they get out there on the markets? time will tell. blast from the past. paul is back with all the device. it's a mini smart phone about the size of a credit card. they are hoping people will use it in addition to the big smart phone they already have. will that work? we will show you one. we have one on the set. a little later carpet present uptick in much tougher stance with the saudi's. he says missing washington post jamal khashoggi is likely dead and if the saudi's played a role in his death, conferences will be severe. after this.

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how much lower-priced? >> originally, mass-market $35,000 vehicle and well, tesla has not been able to produce those lower-priced vehicles in model three so they been rolling out the excess premium performance model 3,464,0004 options so elon musk taking to twitter yesterday saying finally is here and the mass-market $35,000 model three that's $35,000 after tax incentives, of course, but they do expire in january and only start delivering them in four. stuart: i hear a lot of caveats. serious subject. a navy helicopter crashed on an aircraft carrier in the philippine sea. >> right off the philippine coast. the regular operations and made the seahawk, to pilot the two crewmembers so they have to take off crash landed back on the flight deck. the navy is nothing on the

people were injured some report say about a dozen but they believe that these injuries are lifeguarding and some say sailors have been admitted to hospital in the pokey buildings but no fatalities in this crash but under a bus station. stuart: present from commenting on missing saudi communist, jamal khashoggi, role take. president trump: it certainly looks that way to me. it's very sad. >> what are you considering for possible consequences for the saudi's . president trump: it'll have to be very severe. it is bad bad stuff. but we will see what happens. stuart: joining us now former commander of the uss cole. kirk, what happens if we sever our relationship with the saudi's? i know you don't let that happen but if we did, how bad would that be? >> i think it would be a tragic decision on behalf of the united

states. we have strategic interest there that while this is in and of itself clearly a very damaging human rights issue the issue of reporters being attacked like this but nonetheless when you take a step back saudi arabia is our only true counterbalance to the expansion of iran through the middle east and to not have them as a working partner or an ally in the region would be incredibly shortsighted and ill-informed, if we were to separate the relations. stuart: arguably, saudi arabia has already taken a very slippery and hit with this desert conference. people are withdrawing left, right and center in that conference was supposed to be the showcase of the new saudi arabia and the new saudi economy going forward. i think the taking a major hit with that conference already. what say you? >> i thank you are right. when you look at it the new conference, what he has done in his decisions and how he has waged war in yemen and how we

continue to do operations and some of the thoughts he has ma made. on one hand always try to modernize and open up the liberalized society in saudi arabia he's doing it at a cost. if, in fact, this issue with jamal khashoggi comes to be true then i think we have to take a step back. right now the bottom line interest of the united states has to look at is what is our strategic interest. we have vested interest throughout the middle east that we are part and partner with saudi arabia and doing that as well as . stuart: is it our best interest to keep doing business with the conference? even if it's discovered that he may have an handedness? >> if he had a direct hand the sanction him just like we have sanctions vladimir putin in a separate reality is we must not tolerate this type of behavior and that said, let's also be a realist as well, if you have a human rights policy that will affect our strategic interest in what are we doing when the same thing happens in china and when

it happens in russia? up until this point we've done virtually nothing in those cases. so to sit can single out saudi arabia with this high and mighty attitude that we need to go after them and we need to possibly sever ties or cut off arms deals worth $100 billion of american jobs we best take a step back and say, is that in our strategic interest or do we specifically target and fix them for those individuals involved with a longer view toward what we are doing in the middle east. stuart: commander, thank you for joining us. >> thank you, stuart. stuart: turned to money. friday morning, the job market yesterday, modest rebound today. a solid rebound or the nasdaq composite. now this. lotto fever. we're talking it's alive and well today. mega millions jackpot stands at $970 million heavily heading for 1 billion. they are all laughing at me but my personal opinion member, if

you when the government takes half in texas. i think if they brought a deal and an efficient way to tech support and i'll have no part of it. >> well . stuart: will argue it out after this. oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪

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bell. not that much but 100 points and will take it on the 25,000-dollar index. now this. i can million jackpot 970 million now probably 1 billion by the time you're done. christina joined us from new york. take me on and i think it is a lotto deal run deal and attacks on the poor. reporter: i wish you were here to tell that to every single person was walked in to the shop to buy a ticket. you are not and it's not even the mega millions but the powerball that makes the entire sum of $1.4 billion upper rapid i did speak to one guy who spent $200 and bought went to virginia where he lives and bought them somewhere else and spent close to 200 and make a joke and said by another lotto ticket or pay my bills. lotta people are feeling lucky and many have got in here so the chances stuart to your point, you have a better chance of being attacked by a shark and a better chance - this is important for you, stuart.

better chance of becoming a saint than winning the lottery and out of all. [inaudible conversations] you have one in 88 quadrillion chance of winning. one in 88 quadrillion. stuart: the chances of me becoming a saint are slim to none. christine, will get back to you shortly. i'm being laughed at here in the studio. >> and rightly so. [laughter] you are a dream killer. stuart: relax. can i explain one more time? you put a dollar in and only 57 or 50 cents come back in prices. if you win all this money you lose half of it in texas. this is a tax on the poor, texting a dream and it's a run deal. >> i completely disagree. this is what we say and finance. it's a return percentage. if you put $10 down down - you

get 50 million times your money back if you went. 50 million. stuart: i am unconvinced to look at the future market. will go up and i'm only doing this because were short a time for bicycle puppet double go up 100, nasdaq will go up close to 50 and good day on wall street but forget about the lottery. >> you are wrong. [laughter] vo: old and even inaccurate search results can

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stuart: scripts as the opening bell is ringing but not yet. tech in seconds, there you go. by the morning and they ring the bell for ten seconds and you come down to 9:30 on the dot and we have three seconds, two seconds, one, bank, 9:30 ladies and gentlemen on a friday market expected in the market go out. picked up yesterday and we are up 31, 65 points in the dow 624 look at that level. 25,000400. the process about 15, 16 and below the alter my, not a bad pick up 56, now. check the s&p. where is that? that is up about one third of 1% and doing a bit better than the dow. i want to see the nasdaq go up and show me. nicely done ladies and gentlemen. we are up nearly two thirds of 1%. look at big tech.

they have got to be up with the nasdaq doing that yesterday, yes, they are. all of them opening higher. quick look at tesla. now they say they really are going to produce a 35,000-dollar model three. investors seem to like that little in the stock is up $3 at $2.67. special today, friday morning, joining us, david, gary and this is the all-star team. susan and ashley. the all-stars are assembled. the china put on, let's start there. it clearly is slowing down in industrial production is falling and does not affect our stocks? >> it does. for one thing their slowdown is what they are admitting to which means it's even worse. the data is always a little soft peddled and that this is what is stated as you go i wonder if it's more five and a half gdp -

but the matter of the fact is, it affects all of us even with guys with no china exposure like me but it increases volatility and risk premium in the market. fundamentally, depending on the trade workplace out this is a great opportunity for us investors that are seen a downtick in stocks that don't have direct china exposure just because the caught up in the whole dropping tides so to speak. i was a china's story will get worse before it gets better. stuart: china flew down, effect on our stocks? >> of course. first off, china is in ali baba is down 30, 40% for starters. china slowing down potentially that means other places are slowing down and other places are slowing down, with little, if we slow down, you may see this in the market right now. you're getting a little bit. stuart: do you think the ali baba's of this world, chinese tech stops are biting opportunity now? >> no, all i see is heavy volume

selling. i need to see something different in complexion has to change a little bit. stuart: j.p. morgan says it's all about technical selloff the problem is there's about. for stock buybacks and as of the season progresses. else come off and there's a huge surge in big company buyback of shares but that will start pushing the market higher especially given the sellout. >> buybacks are not as big as the big institutions selling our stocks. they can buyback . stuart: true, but it will end the flow - >> i don't think that's true but i don't think it's as gary says it's not a big enough percentage but think about what if it were true that if we are that depended on share buyback - >> we have been because of big companies that been big share buyers this year and have the stock markets are. if we did have buyback the shares we might not be at - ge has been buying back - [inaudible conversations]

stuart: quiet on the set. [laughter] we are not technicians and we don't use jargon, gary, but the big text on the screen and i think they are all up this morning but by the way, amazon alphabet, microsoft report their earnings next week. gary, you would not buy any of the? >> not yet but it seems to me with a pretty darn good top in place right now. on a daily basis unseen heavy selling and noticed netflix. up 30 on great earnings within a day and everything even back and that tells you the state of market right now. look, some of these families will report great numbers and i'm dubious mother will get a good top out of them. i think we have known what. stuart: not buying at what you want to see them go down and then you might dip your toe. >> why is that? the s&p ratio for 2,019 earnin earnings, cheap in-line, 16 times.

>> but that is s&p and you're asking tech and tech is way above s&p. some ridiculously. stuart: you're getting away with murder this morning. [laughter] [inaudible conversations] >> let's adjust that. the soccer play on netflix of $30 on a headline and what was their p/e ratio? 180. so,. [inaudible conversations] here's the point i would make. were talking at top but facebook is at 150 and it was at 220. there well off of it. i think netflix and now amazon have to come back to reality what i did my toe in? spencer at the office. the one exception is all these stocks get one together but apple does not belong in the list. apple is treating 15 times for any to raise the dividend. stuart: microsoft does not belong. >> they are a pricey stock, to. stuart: nonsense. [laughter] moving to tesla.

now they will produce the model 3,435,000 bucks. >> 35,000 after taxes rebates and 45,000 base price but the only cars they been building for the model three has been the premium edition with start at 64,000 before options and to forget the tax rebates expire in january. they don't include the delivery and for another four months. >> i don't a fact that they can build their other orders so i don't get it. to me this is somewhat of a joke and that part of businesses you have to produce a product. stuart: but it's a teflon start. >> not recently been one. stuart: >> but tesla has the top of easy money to do secondary and low bonds yield. we'll see how that - >> i was glad there was announcement that was completely

unrelated. stuart: let's move on quickly please. rosie forecast from american express. investors like it. up 106 of the doubt. show me american express. nice gain, the present in a big stuff like that presents a solid game. even better, procter & gamble. they make everything in your supermarket to stock the entire supermarket and detergent, to bass, you name it, they got it. came in with a strong earnings report early this morning up 7%. what would you say? stuart: procter & gamble ad 60 points and american express together. half the gain art to start. look at oil, $69 a barrel. get the average price for gas. i thought it was well on the way to $3 a gallon but it is slipping. this morning were at down to $2.86. here is something that is interesting.

amazon heating up with serious so alexa, alexa played me this, can play your satellite radio music for you. i think that's a pretty good idea. >> great move. that's why they bought pandora the paper music but the big story for me is two words. [inaudible] howard stern is still around and is the driving force behind serious and you get this moved out to stay with cars but and i think it will work wonders. stuart: what are you talking about thinking is the mainstay of sirius exxon studio? >> absolutely. the means before sirius was howard stern. >> for me it is foxbusiness and stuart. [laughter] stuart: david, well played. seriously, if you can now put your alexa and you get xm satellite on your alexa what does amazon get some money out of it?

>> no, no revenue. >> they don't need it. do you think amazon needs . stuart: what's the advantage to amazon? >> know if advantage is more beneficial for sirius and pandora. [inaudible conversations] >> nothing wrong with it. no downside be one i'm surrounded by starry eyed liberals. >> i never been accused of being a liberal. [laughter] stuart: apple, big event at the end of the month. rolling out new devices i'm told. >> is not a big event. you think of airports and ipods matter anymore to accompany the recorders of the revenue from a phone? no. stuart: $2.19 is the stock and that is one stock that has one tech stock, as you say, is up along with the others and has

not come down like the others. >> is not a new tech company anymore but it's old tech. stuart: did someone predict $240 a share by the end of this year or - i think we did, anyway. look, the all-stars have to come to an end at some point and is now 9:40 but have a good time with your dad at his birthday party. >> 87 birthday. i'm proud. stuart: david, you're totally wrong about the [inaudible] [laughter] >> we live in a crisis of response ability, stuart. stuart: and cuban. [laughter] look at this, up 142 points and we will take that. yes, we will put 25,521. interesting news from jetblue. they will fly a plane load of people to an undisclosed destination for a three month long vacation. there is a modest catch which we will tell you about. sports, boxer [inaudible] signing the biggest sports

you'll ever. $355 million, if the contract of that value to stream his fights over the internet. the guest coming up on this one. former world heavyweight champion [inaudible]. he joins us in our next hour. at first, you make the deal with mexico to stop that migrant caravan from arriving at our border. just in time for the election. another win for the president? we are on it. insurance that won't replace the full value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ ♪ ♪

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stuart: i should point out the doubt is on a nice tan spring. up 150 but american express and procter & gamble are both dow stocks and both of them doing

very, very well and together because the dow stocks account for the points of the dow industrials which is powering ahead anyway. just blue offers a free flight to a mystery destination. tell me there is a catch. >> there is always a catch. they will charter for the guest to an undisclosed location or charity work. it is called the must of doing good destination good. as they want to call for the purchase paid in daily volunteer and service activities for three nights. and the volunteer efforts will focus on jetblue three main pillars of youth doing good, volunteerism, sounds to me like another set of survivor. except i need to know where i'm going before i get on the plane. stuart: marketing. but they get them altogether at jfk. >> to do good. stuart: [laughter] and then they say - >> good luck. [inaudible conversations] stuart: migrant caravan, back to

it. president trump lane done a lot with mexico stop the migrants or else. congressman jim jordan is with us. republican, ohio. president taking a tough line on this one did you see this emerging as a political winner for the president in november? >> i don't know if it's a political win or not but it is the right thing. stuart, this is one of the most, maybe the most important issue in the 2016 campaign, and the president doing what he said with you which is trying to get control of the southern border. it also underscores why we need to build the border security wall to stop some of the crazy things going on with drugs in human trafficking and gang violence. the president is doing what he said and it is a good thing. typically when you keep your promises and keep your word is a good thing politically as well. stuart: is the site of the migrant caravan and on the screen right now - there are

other caravans for me and that is very threatening to americans when they see this coming towards him. jim, it reminds me of 2,015 in europe where the migrant crisis erupted there and let them all in. >> in that fight the president is talking about stopping ornate countries and putting troops on the border and national guard on the border. that the appropriate thing to be talking about trying to deal with every sovereign country has right to control their borders. americans have common sense and understand and they also understand this, stuart. women and children who are in the migrant caravans and the harm that can happen to them that is so wrong, as well. they are a danger to the individuals. this needs to stop. president understand that and the american people get it. this is why they elected him in 2016. the response for congress as we need to make sure we get the board to about bill as soon as possible but that will happen if democrats to control and that is for doctor. stuart: jim, i see shifting in the polls for november shifting

towards the republicans certainly in the senate could do think it's a big enough shift in the house for the republicans to keep? >> i do. stuart: you do? >> when it using the left take the radical positions? they applaud colin kaepernick when he disrespected the flag and they embrace maxine waters when she says go out and harass anyone who supports the president. contrast that crazy vision for where they want to take the country versus the record under president trump? in the last 21 months taxes reduce, economy growing, loss on appointment in 40 years, kavanaugh on the court, out of the iran deal, embassy in jerusalem, those are the two competing visions. americans will say wait, do you want this crazy world of cabinet, cuomo and waters or the world where a the leadership of present him with the amazing things happen. when they stop that and focus

you will see what publicans maintain control of the house and is a good thing for the country. stuart: wouldn't it be nice if the mainstream reported things like that? entirely different story. stuart: but you do on the varney show. stuart: absolutely. yes, sir, i do. jim, thank you very much indeed. stuart: vast majority of the dow 30 are in the green and they are up in the dow is up 155 points. you remember paul, a voice from the past. trying to make a comeback within all new mini smart phone and we will have one on the set in a moment and i want to see how this thing actually works. a programming note, i will be a special guest on howard show, media buzz. sunday at 11:00 a.m. eastern. it's all about the interview with president trump that we have. here is a preview. >> it's an impediment for the president going forward and imposing or getting his policies there. that is why i suggested maybe

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stuart: amazon decision on headquarters two, hq two,

getting closer and revisiting some of the possible cities. >> they come back to revisit new work, new jersey, on the chicago, illinois and miami and dc and this will cost or plow by billion dollars and create 50,000 jobs and so far they have a final list of 20 cities at this point and we think about 50,000 jobs people are raising their hands adding incentives but it looks like amazon might be favoring larger cities that might get rid of the finals and we don't have a favorite riser at this point but it looks like it will be a big city, new yorks angeles and running along with pittsburgh, columbus, ohio and indianapolis. stuart: got it. thank you very much. those of us of my age might reminder the palmpilot called home has a new device. look, see that. that's it. that's the new device. tiny little thing. mark's editor in chief of tom's guide and brought these in the

for us. he's been testing these things. look, i like it. [laughter] so, sell it to me. >> the idea pinus and this is palm, not the company you knew but a new startup and they took the name but the idea is 3.3 inches. it's completely small compared to something like the iphone tennis. take a look at the side-by-side. the idea behind this is not a replacement but a companion device. when you're going out with friends or going for a workout like this you have this with you. it uses your existing number and the idea to make you be more present and more in the moments are not properly checking. stuart: good luck with that. >> 50. available in november and the closer to verizon. one of the things people do know is it's better if you have an android phone as opposed to the iphone because it doesn't work as well with my message. it's a good companion to the galaxy note nine or something that is huge.

stuart: i have an apple so i think it's a seven model thereabouts. this will look into this? connect it will work with it but not as well as android because of my message. for working out i could see people using it because they work with steph curry of the nba of golden state warriors and he helped design is. if you going for a run or to the gym and uses built-in gps. >> i already have a phone that i paid a thousand dollars for any want me to pay $300 more for a companion gadget? why not just buy a wearable? >> it depends. that's a good point. if you get the apple watch that's a good companion, as well. but if you want lte built in death closer to 500. >> and that looks like the juliana phone but remember when he had the mini phone and it was like a tiny little gadget? very metrosexual. no commentary right now. >> but, i like the thing. it's cute. i can see it.

>> try to push the buttons. go ahead. let's see. stuart: i just buy social. >> this is the interface. you scroll up and down and they tried to support and write. just double tap and you can go to your apps. including phone. stuart: i'm getting your social messages. you might want to take us back on track you would not have one. >> i would not. stuart: mark? >> i think the jury a stop it we still have to do testing. it's a narrow market. >> the palm is famous for the pen? why call it a palm and? >> they wanted the name. they're still equity in the name. stuart: 15 seconds to go. that's all we got. i pronounce myself happy to buy one, maybe. [laughter] checked the markets. high of the day. not bad at all. up 197 points. we'll have the latest read on existing home sales, top of the

hour, very important number for the realtors and get my take on the 2020 democrat presidential hopefuls. seems to me the socialist left is running a party. i can't believe america will vote for that. i sure hope i am right.

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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: 10:00 on the east coast on this friday morning. dow industrials up 178 points as we speak half hour into the trading session. we're about to get a big read on the housing market. that would be existing home sales. very important to realtors and the whole housing business. give me the number, ash. ashley: we are down 3.4% year-over-year. coming in at 5.15 million on an annualized basis. as much as you love estimates it does miss the estimate. we hit kind of a plateau. the housing market is struggling a little bit because of rising

interest rates, inventory is getting expensive. stuart: i will read that not as very good number. you're only producing or selling i should say 5.1 million existing homes a year. come on in economist peter morici. that doesn't sounds to me like a very strong number. it is an indicator of some problem with the economy? >> generally speaking the housing sector has not led in this recovery. new home construction is way below the peak of the last decade. that is likely to continue. essentially millenials don't form households as quickly. they find other modes to live in and there really is a sense that prices are a little too high in the big metropolitan areas. so many years of zero interest rates and 3 1/2% mortgages has basically inflated that market. and that it needs to top off for a while. stuart: okay, i want to bring in brian belski, bmo chief investment strategist.

just look at this real estate number please, brian. 5.1 million homes sold, that is the annual selling rate for existing homes. again, that just doesn't seem to me to be a very strong number. what you bottom? >> peter is right though. you have to have some perspective. housing has been on a tear since 2012 and so this may be a bit of a slowing down process here, especially given the momentum we saw after the election. in particular we had a huge spike. what is interesting over the last few months you saw new home prices actually dip below existing home prices. we haven't seen that in several years. i think what we're seeing a normal cooling off process. the key thing housing has not led the economy and will not lead the economy and it's a structural issue with millenials and i think there is a near term

phenomenon. not the peak. ashley: median home price for existing home is now 258,100. that is up 4% year-over-year. prices are going up. mortgages are going up. sales are plateaued to starting to head a little lower. stuart: very interesting number. this is what the realtors really look at. ashley: 90% of the housing market. stuart: that is what it is, okay. let's get to the overall stock market. yes we do have a rally this friday morning. brian, come back in again, please, address the stock market and the obvious question do we go higher from here by the end of the year? >> yes. we do. we still stand behind our 2950 s&p 500 target which we initiated in november of 2017. we're strategists that love to really focus on our discipline and process. stuart: can i just interrupt you for a second. i'm sorry to interrupt you.

2950 by end of the year on s&p. it is 2794. you're looking for a very significant gain between now and december 31st? >> yep. following the script, fourth quarter, between november and december is traditionally very strong. number two, i think right now we have literally a buyers strike. we're freezing on some of the macro data. the stock market is a market of stocks. the investors are not seeing the forest through the trees. there is a lot of great earnings coming out of a lot of great companies. we're applying umbrella type analysis being negative with respect to the market right now. there is a bit of hangover and cloud with respect to the midterm elections. we've seen a lot of outflows from equities last couple weeks. we think exactly the wrong time to be selling. stuart: brian, real fast, if the democrats were to retake the house, would you stick with your

prediction of a strongly higher market by the end of the year? >> yes because i think at the end of the day there will be a buying exhaustion. people are sick of all the politics. u.s. equities we still believe are the strongest u.s. asset class in the world. stuart: i want to get back to peter, economy in china is slowing down. we actually saw a drop in industrial output in the month of sent. most unusual in china. back to you, peter. does that hurt our stock market, the slowdown in china? >> no, i don't think it really hurts our stock market. it might for a day. the real question can the chinese government keep the economy growing. the economic growth only tailed down a percentage point. that is not a slowdown by american terms. by our standards they are totally leveraged. the chinese government has way to put money simply the way the

federal reserve will not do here. we'll have a lot more liquidity in china. some of the liquidity will find its way here. that i think will be good for the markets here. stuart: it clearly indicates if this is a contest over trade america is winning. america, we are still expanding at 4%. they are beginning to, their industrials output is shrinking. looks like we're winning. can we put it in such bold terms? >> i don't think so. i don't think you will find our gdp is expanding at 4% when third quarter numbers will come out. it will be more like three. moreover we're getting significant evidence that navarro has the tariffs wrong. that lighthizer has got the tariffs wrong. sorry, guys, you're my friends, but putting tariffs on bicycle parts not on the bicycles disadvantages american manufacturers. the folks interreassuring, promoting these tariffs are critical of the structure of protection that has been offered up. in a situation where you pay for tariffs on steel tubing for bikes but you don't pay tariffs

on bikes encourages them to offshore production. and that repeats in a lot of sectors. stuart: okay. i'm going to have to wrap this up, but brian, i got to tell you, since you started to talk the dow has gone up quite a few points and we're now up 210 points. i'm not going to say that you did it, brian belski, but if you want to take some credit you most certainly can. gentlemen, appreciate it. good stuff. i want to break it down to all could have individual companies now. first of all proctor & gamble, and then american express. they're both dow stocks. both had very solid earnings reports. both of them are sharply higher. look at that, proctor & gamble up 7%. that is their best single day performance in 10 years. proctor & gamble is a gigantic company. american express, nice forecast there. they're up 3 1/2%. big help for the dow industrials. big tech names, they're surely helping the nasdaq. all of them sharply higher.

facebook's 157. amazon just got back above 18. apple at 220. alphabet 1100. microsoft reaching $110 per share. big tech up today. don't forget oil, not playing. of a role this morning. it is at $69 a barrel. and now this. have i got this completely wrong? i'm watching democrat presidential hopefuls swing out there to the left and i'm thinking, surely, surely america is not going to vote for this? kamala harris just announced a free money program. you don't have to do anything, just be there to take it. $500 a month if you make less than $100,000 a year and $250 a month if you make less than 50,000. you can take it monthly or in one lump sum annually. i call that vote buying at your expense. new jersey senator cory booker last night suggested that canada

is more american than america. he likes their social welfare policies. he signed on for free medicare for all at a cost of trillions and free public college, at a cost of hundreds of billions. i don't think america is prepared to pay for all of this. senator elizabeth warren, she is on board with the same socialist policies. forget the dna test fiasco, look at the money. senator warren wants all large public companies to ask the federal government for permission to do business. they wouldn't get that permission they meet the senators criteria for proper business practices. that is top-down socialism. president joe biden may or may not be running. he is staking out a radical position. he just said president trump doesn't know what he is doing on the foreign policy where is he on the caravan, mr. biden? open the border, let them in like angela merkel let migrants ruin germany and ruin her political standing?

plain to see, the left, the socialist left, runs the democratic party. as a refugee from british socialism, i can't believe my adopted country will vote for economic ruin? am i wrong? i sure hope not. tammy bruce will join us after the break. you can bet she has a lot to say this. this is the second hour of "varney & company." ♪ vo: old and even inaccurate search results can

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stuart: look at paypal. nice strong outlook there. it's a big stock, up 8%. significant gain. skechers, that is a smaller stock. they upped their guidance. look at that, they're up 21%. take that. before the break i gave you my take on the democrat

presidential hope if you recalls for 2020. in my opinion they go way out to the far left. in my opinion that is not what the country wants. tammy bruce with us, independent women's forum president and fox news contributor. >> good morning. stuart: i say america doesn't want this. >> you're correct. this is obviously example why people like you come to the country. only way we have people able to achieve the dreams with a economy supports them and free to make choices best suit them. for the left they rely on a bad economy. they have no new ideas. so yes, the answer is, to promise people money. to bring them in, suggest, things are not, they're never going to be really good. the only people that you can trust to make sure you can kind of barely make do is us. we will simply hand you money. stuart: this is nonsense. we have prosperity. we have extraordinary strong economy. >> we do. stuart: the most competitive economy in the world. >> that's right. stuart: only recently, unemployment extremely low.

job openings, 7 million of them. >> this is why the democrats are so unhappy. that is all you need to know about them. midterms, i wouldn't necessary say before kavanaugh i was secure, i said on your program a month ago, pre-kavanaugh we will retain the house and senate specifically because the nature of leadership of the president, his activity within the campaigning, going around the country, reminding people, i think when the democrats are offering to hand out free money, it highlights their desperation. it highlights the fact that they're not engaged. last democrat who really enjoyed governing was bill clinton. that is why you didn't see this kind of behavior. but those days are over. this is still the party of barack obama who was doing also the same thing, relying on a bad economy. i would even argue to some degree creating falsely a bad economy. stuart: rush limbaugh on "hannity" last night said -- >> yes. stuart: the republicans will keep the house. >> i was ahead of him on this program.

stuart: jim jordan, 20 minutes ago on this program, the republicans will keep the house. you're saying it. you said it previously. >> yeah. stuart: you're out on a limb be still. >> these are individual races. that is the key. it is about how the candidate is, how their campaigning what the dynamic support of rnc to these individual but the president's influence is terrific. but beyond that it is not just that he is a personality. it is the strength of leadership now that americans are seeing. and i think that is clinches it for the american people. they like the president, but really this is about him doing what we hired him to do. which is to bring the future back. the democrats are not even, they're not offering that. they're offering chaos, threats, violence. stuart: yes, they are. >> incivility, an end to due process. nobody wants that. they're deluded. stuart: listen to this. this is what rosie o'donnell said removing president trump by force. roll that tape.

>> when he was elected what i wrote on twitter we should impose martial law until we make sure the russians were not involved in the final tallies of. >> bob mueller indicted 13 russians for election meddling. >> martial law. you're a lunatic. >> he wants to send the military to the border. >> i want to send the military to the white house to get him. stuart: well, tammy, what do you make of that? >> that is perfect highlight of what the deem kratz devolved into. my complaint, she is a perfect example of the damage that is done to people because of democrat party leadership rhetoric. this is a person who i believe she believes what she's saying and this is what they have inculcate people with, to be so miserable, so paranoid, so upset they would suggest something like that. but this is again, what you need to know. this is a sad turn of events. the democrats are moving into a framework where they easily say on national television on radio or publicly they think the military should go to the white house and seize the president. and she is not kidding.

that that is something that they're so concerned about, and i think we should also -- you get to a point of not just pity to be concerned that certain people in the public eye have been actually inculcated into believing this. stuart: thanks for being with us on a friday morning. speak your mind. >> i do. i try. stuart: much more coming your way. president trump says it certainly looks like the missing saudi columnist is dead. he started to take a stronger stance with the saudis. question, if they unequivocally, no question about it, if they did it, what is a realistic punishment? i will ask a presidential foreign policy advisor. the migrant caravan heading closer to the border, secretary of state pompeo is here with a message, stop them before they reach america. we're on it. a former heavyweight champ will join me on the set, vladimir klitschko. you have to admit we cover it all on "varney" and we'll be

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stuart: when the dow is up 200 points, what is happening with other markets? the price of gold barely changed. $1232 per ounce. the bitcoin price i think it is still around 6,000. 6300. barely moves these days. that is the other markets for now with the dow up 200. president trump says it certainly looks like missing saudi columnist jamal khashoggi is dead. if the saudis are really behind it, the consequences for them will be severe. christian whiton is with us, a former advisor to president trump. christian, what kind of consequences, what kind of

punishment is the president considering? >> there are couple things being thrown on, including capitol hill, and person seems to be, being considered for that position is the head of saudi intelligence. on capitol hill they're talking about perhaps ending the u.s. refueling mission, that is a mission where we refuel saudi jets that are operating in the war zone of yemen. other possibilities include trying to push the saudis to release dissidents, journalists they have in prison in saudi arabia. some act of contrition that gets us through the crisis. stuart: it can't be too severe. you can't say the crown prince has to go, or we won't do business with the crown prince at all. if you say that, you really do break up the america, israel, saudi arabia alliance to contain iran. sew you can't do too much. >> that's right. i think there is concern in the white house and elsewhere this may be getting out of hand. saudi arabia was already under

some pressure, some skepticism for their conduct of the war in yemen which involved a lot of collateral damage and death of civilians but it is a very important alliance. saudi arabia spends $70 billion a year on defense. that is more than four times what israel spends, most of that is defending against iran. this is an important alliance not to disrupt. stuart: i think saudis have taken an economic hit with that davos in the desert. just about anybody who is anybody has pulled out and that event was supposed to be the showcase on the new saudi arabia, on all new industries they wanted to bring to the country. that conference is pretty much a failure a week before it even starts. i think that is a hit to saudi arabia anyway. >> they ought to postpone that conference at this point, treasury secretary steve mnuchin, fox business, others announcing they would pull out of the conference this was a key part of saudi arabia's sort reinvention.

all these gulf states are focused on what economy they will have when oil is no longer and lucrative as important it is now. saudi is the laggard. it has largest proportion of number of people who are not gainfully employed and on the government dole. this delays that sort of reemerge of mohammed bin salman engages in form of liberalization even as he engages in a crackdown on the other side of the coin. there is progress out there but it has been delayed by this. stuart: we'll spit it out i guess. christian whiton, thanks for joining us. see you soon. recreational pot, as in recreational marijuana, legal in canada, only the second country to make it legal like that. i want to know what it was like to be in canada this week? we'll find out for you. jon taffer, "bar rescue" guy, he says pot, cannabis could be a big plus for the liquor industry. he will be here. he is on the set with me to make his case. we'll be back.

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microsoft 110. facebook still down there at 15. let's get to canada where recreational pot became legal this week. greg taylor is with us. purpose investments portfolio manager. this is a fund that invest in cannabis related companies. greg, you're in canada. act as a reporter for us. what was it like this week up there? >> i'm in toronto. toronto was a non-event. you wouldn't notice with all a the media swarming around here. way they licensed recreational marijuana, did on province by province basis. toronto didn't have its act together. everything was online sales until april t came and went and didn't change day-to-day. stuart: what about other provinces it has been around and was working properly on the first day? i hear demand was very strong. is that accurate? >> it was. reliance out the door for a lot of stores. remember there weren't that many stores up and running. we knew this was coming for a few years.

this was rushed at the last minute so stores ramped up supply and there wasn't a lot of product on the shelves and a, not a lost stores were open. a lot of pictures of lines but we have to wait for the points to see actually sales. stuart: anticipating a long, long time, couldn't get together on day one, what happened, what is wrong? >> a lot of regulation. there were a lot of regulation to how roll this out. it took a while to get in the senate a lot of people sticking up their hands to change. policy. by the time they got to keep going, i think it was little too rushed at end of the day. stuart: you are convinced ultimately when things get rolling cannabis is a big, new expanding industry in canada? you're on board with that, obviously? >> well i am, thinking globally this will be a massive industry. think we're seeing a new, exciting companies come out, a lot of new products come and i think it will roll beyond just normal smoking of cannabis. it will go to the cbd side which is more medical.

we're much scratching the surface. this will be a massive industry that will involve next couple years. stuart: you have a fund, you invest the money into the fund into various cannabis related industries. you spread it across the board, suppliers, growers, retailers. i guess paraphernalia people, you spread your invests across the board? >> well, few years ago, when the industry really launched, we had companies go ipo'd it started more of the growers. so a lot of companies like the canopies, aurora, they ipo'd in canada came out production side, growing capacity, how much greenhouses they were going to grow. now it evolved into last few years to get more into the medical side, dispensary side. what i'm trying to do in the fund, get away from growers, value added chain into the branding side. canadian investors is the industry really moved from canadian focused companies more towards u.s. companies. there is a lot of companies up

here, but what we're starting to see really raise money in the last few weeks, last few months is more american companies, coming up, doing rto or ipo on the canadian exchanges but they are 100% focused on u.s. companies. i'm starting to do work on those. we all know the u.s. market is way bigger than the canadian market and has much better potential to create brands. stuart: at this point is canada the leading cannabis industry leading country, area? >> canada is the place everyone comes to raise capital. the capital markets are open in canada for cannabis companies to raise funds. i think that is the biggest differentiator. stuart: not in america, right? the capital markets are not available and open in america because at the federal level in america cannabis is a class a drug. that is not a good deal. >> absolutely. so canada has been able to get around that. companies come up here, list on exchanges, to raise fund to come back into the u.s. sounds like things are changing in the u.s.

at a fast pace. companies think in next year the states act could pass which could pass up capital markets for further funding and listing in the u.s. at this point to raise cash you have to list on a canadian exchange, can't list on a u.s. exchange if you're operating in the u.s. stuart: we'll be back to you, i promise. it's a big new industry. you're in it. >> thank you. stuart: i will stay on marijuana, weed, pot, call it what you like. come on in jon taffer, favorite guest on the show, he is back, "bar rescue" guy. good to have you back. >> there are private equity groups funding cannabis community, scott family from miracle-gro. makes perfect sense. stuart: it does. >> there are private fund. there are ways to capitalize but difficult to get public space. stuart: i think of you as "bar rescue" guy, bar, alcohol,

what will that jive with marijuana? how will that tie? >> it is impacting spirits and particularly beer sales. you stay at home, use it, sit on the couch, don't go out afterwards. people are not going to bars, not consuming products. beer sales are way down, they're in the toilet. craft beer is down, premium beer. we blame a lot of it on cannabis. companies like constellation are investing in cannabis companies, looking at cannabis infused beers, cannabis products, even weed ski. stuart: weed ski. >> somebody is distilling whiskey from cannabis. stuart, the federal government will not allow the combination of alcohol and cannabis and t-hc yet. there are a lot of rulings that have to happen. this is look forward. it will not happen tomorrow. stuart: you say beer sales are down and beer guys blame weed, because people stay at home,

youngsters stay at home and -- >> that is one of the blame. the entire sector is down. if you take the word craft, attach it to beer, it is 3% less positive this year than last year, but if you take the word craft and apply it to whiskey, it is 8% higher this year than last year. sew craft beer has lost its luster. these small boutique breweries lost their luster. the beer category is in big trouble. if you walk into a beer company today, their goal is to lose less market share this year than they did last year. there is not one major beer company in america right now that is projecting market share gain. stuart: but, in colorado, for example, i can't walk into a bar and smoke marijuana in that bar or ingest it in any way in that bar. i'm not allowed to do that. >> no. nevada is close to creating that rule. stuart: so you could in fact. >> yes. stuart: you could walk down the strip, go to a casino -- >> yes. stuart: you think -- >> not a casino but certain

liquor licenses will allow it. certain bars will allow it. that is where it will go. certain bars have later licenses, live music licenses, it would be a cannabis-licensed bar. stuart: you're a "bar rescue" guy. you turn bar businesses around. would you welcome that, to welcome a bar where you could sit and smoke and ingest marijuana and drink beer, would you accept that? >> i would. it is eroding my industry. i have to accept the erosion or. i have a choice. many say cannabis will be the fourth leg of the spirits business, beer, wine, spirits and cannabis. stuart: at the moment you say cannabis is cheaper, to get high cheaper using weed than a buzz on with alcohol, is that accurate? >> that's accurate. stuart: extraordinary. jon, font of information. interesting subject. >> always for you, stuart. stuart: if you're not careful you will be invited back.

thank you very much, jon. now this, president trump starting to take a harder line on saudi arabia. our former ambassador to that country says that is good. the saudis need us, more than we need them. he will make his case in a moment. secretary of state mike pompeo is in mexico with a message, stop the caravan before it reaches the u.s. are we prepared if they don't stop it? i will ask arizona congressman andy biggs. the rally holds. we're up 170 points. we'll be right back. ♪ touch shows how we really feel. but does psoriasis ever get in the way? embrace the chance of 100% clear skin with taltz,

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protecting you, your business, and your family. go on the offensive. call 1-888-570-6784. ♪ ashley: as the honduran migrant caravan makes its way toward the u.s. president trump is taking a tough stand. congressman jim jordan says that is just the president keeping a promise. take a listen. >> i don't know if it is a political winner or not but i know it is the right thing. this is one of the most, maybe the most important issue in the 2016 campaign and the president just doing what he said he would do, trying to get control of the southern border. i think it underscores why we need to build a border security wall to stop some. crazy things going on with drugs and human trafficking and gang violence and everything else. this is the president doing what he said. i think that is a good thing. how does that play out politically? typically when you keep your

promises and keep your word, typically that is good thing politically as well. ♪

stuart: we're up 155.6%. caravan of migrants want to get

to the u.s.-mexico border. president trump says you better stop that caravan. we don't want it coming into our border. we have congressman from arizona andy biggs. are you prepared to shut down the border to prevent them from coming in? that is big deal. mr. reagan did it, would you do it? >> this is a big deal. 4,000 people rushing the border essentially in a slow motion chase sort of event. yeah, if that is what it takes we need to do that. stuart: my point is, the president trump is putting heavy pressure on mexico and central american governments, saying look, you don't stop them, we withdraw the money. remittance, not just aid, but remittances, that is a pretty strong hand to be playing? >> that is exactly right. i introduced a bill would do that. if they're not going to control their borders and control the flow, i mean, look, you have some of these migrants will be crossing two and three borders before they get to the united

states. i think mexico is actually responding and they put more troops down on the border and requiring passports and visas to enter mexico. i think that is the right move. stuart: what should we do if some of them do slip through, and you get a rush on the border right around election day, what should we do? >> well, reality is the president said he will put the military down there and might close the border. my opinion is, they need to go back. they need to go back home. you know, over 80% of the people that actually apply for refugee or asylum status are rejected because there is no credible threat. they could make that asylum request in mexico, actually. if they really have a legitimate request. they want to move across multiple borders to get to the u.s. so it isn't and a asylum issue. they want to move to the u.s. illegally. stuart: what is the feeling in your state, arizona, among the people, the voters of arizona, when they see this caravan approaching? what do they think? what is their sentiment? >> they generally say, oh, no,

not again. you know, you have to realize oaf 100,000 family units have come in the last year. this is because of our policy of not holding them, more than 20 days. not separation. not processing real quickly. so, we have to, federal government has to do better. my constituents want us to do better. stuart: i think president trump is headed to arizona tonight, am i correct? >> you're absolutely right. stuart: i would imagine that the border will be a very big part of his presentation, his speech tonight? >> yeah. i agree with you. it was a signature part of his campaign, it is how he moved from the middle of the pack to the top of the pack. he will talk about building the wall. i hope he talks about my bill, it has to get done. we want to get this thing done of the arizonans want this done. stuart: if you have asked me this question, i would say the immigration issue favors democrats. do you think that's changed? >> i think it has changed in

certain respect because the policy that are being emitted and eroded by the ninth judicial circuit, what we're seeing is, it face sill tating and -- facilitating, providing incentives for people coming into the country. they want it stopped. we see the same thing happening in europe. you're seeing a movement in europe now in response to that to close border. stuart: oh remind me very much of 2015, when the marchers marched across former yugoslavia and banged on germany and angela merkel let them in. i don't want to be too strong after parallel, i suspect if they bang on america's southern border door, america would let them in. will you take me up on that? >> you're exactly right, that is sucker's bet. they would let them in in a heartbeat. stuart: andy biggs, good luck with the president.

we'll see you later. thank you very much. i will editorialize. we call them my takes at the top of the hour on the caravan. all right, now this, the biggest contract in sports history. now there is a big statement. i will back it up. $365 million. that is the value of the contract. all about streaming. susan: what? stuart: actually right here. he came in early. >> good morning. stuart: he towers above me just like president trump did the other day. vladimir klitschko, heavyweight champ. he came in fast. he is here, ladies and gentlemen. he is on the show next, please. ♪

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stuart: how about this big one, pro boxer canelo alvarez landed the biggest sports contract ever. on your screens, $365 million to stream his fights. that is what he gets 365 million. that is not split. that is his. that's a lot of money. look who else is here, vladmir cleche could, former heavyweight champion of the world. clip.

>> former. i retired. stuart: $365 million. you didn't make that kind of money or did you? >> you know i'm not going to talk about my money but he is really, really -- stuart: this is a financial program. >> on other hand you also need to understand darwin said not the strongest will survive, not the smartest will survive but someone who adjust to the environment. hbo on one hand didn't adjust because they are getting out of the business. then you have this new 350 million from the zone. something that comes from internet not really cable. stuart: right. >> we live in a world of digitalization which helps a lot to increase your salaries and fight, fight bureaucracy and corruption. for atlas it is perfect. who would have thought? stuart: by streaming everywhere in the world -- >> internet you can get anything. stuart: that's right. you don't want to go back into the business? with that kind of money involved you could make a killing

vladmir. >> i want to use this moment to announce my comeback. stuart: don't say that if you're not going to do it, vlad. >> just kidding. stuart: just kidding. you have a book. i got it here in front of me. vladmir klitschko. challenge management. what they learn from top athletes. i'm a manager, i suppose i am, i could learn from you as a top athlete? give me one thing? >> can i give you three things? >> yes. stuart: you are going to so do it. >> act without compromise. every compromise will cost you time. you don't have much time, neither you, nor you, nor me. stuart: totally wrong on that. if you want to be a good manager, you must compromise on occasion. >> okay, just listen. you don't compromise you're going to lose time for every compromise. you will lose focus. because you're giving in with a compromise. take it multidimensional, here

we go, multidimensional, maybe you do take compromise. then if you act being egotistical and have big ego, because if you wouldn't have big ego, you wouldn't sit here. stuart: that's true. >> athlete wouldn't have big ego, wouldn't succeed in the sport. wouldn't sign big deal for 350 million without big ego, standing in the ring, fight, show to everybody he is stronger and better. so but even though here you take it multidimensional, you sometimes step back without having a big ego. big ego is good but narcissistic is bad. very close to each other but you need to feel -- ashley: not feeling comfortable. >> feeling egotistical. stuart: you can't be on television, can't anchor a show, without being a narcissist.

look at me, look at me. that is live in television. am i wrong? >> no. you're just egotistical. you're not narcissistic. stuart: let me throw it over to the my colleagues. susan: what about narcissism and ego tis call, what about connor mcgreg nor. >> he is an athlete, i was surprised so disciplined from him, against the fight with floyd mayweather. he was. he was fight in boxing ring under boxing rules which never been done before. susan: a boxing match in your view? aren't you a boxing champion? was that insulting to you that spectacle? >> that happened recently? susan: floyd mayweather and mcgregor match? >> no you have to adjust to the environment. if you do not, look at companies as well like kodak. ashley: right. >> used to be one of the largest companies or nokia or all the

chinese companies, huawei or apple, so things changing constantly. ashley: i have a quick question. >> you have to adjust yourself, you will be knocked out. stuart: do it. ashley: vladmir's brother is the mayor of kiev. that is a big gig. there is lot of political upheaval. will you get into politics at some point? >> should i make another announcement? susan: yes. >> one politician in the family is enough so far. so far. stuart: vladimir, we're coming up with a hard break we have to earn some money. the program better get back to me. a real pleasure. thank you very much. >> thank you. stuart: thank you, sir. something totally different now. senator kamala harris announces a plan to give away free money for all. if your family makes less than 100 grand a year, she wants to give you 500 bucks a month. who is going to pay for that?

rnc spokesperson kayleigh mcenany is coming up next hour. we have a big hour coming up. ♪ . .

stuart: yes, ladies and gentlemen, 11:00 o'clock in new york, 8:00 o'clock san francisco and los angeles. two big stories we are following you, the market is up triple digits. remember there was selloff yesterday. the migrant caravan still moving north but president trump is laying down the law, stop the caravan or else. moments away but we will begin with the market because we have two stars joining us now making money host charles payne and the guy with the great name capitalist pig fellow jonathan honig, china's economy clearly

slowing, does that affect our stock market, not economy but the stock market? charles: affects the companies that sell into china. that affects our economy but i think today's earnings underscore the fact that the robust u.s. economy, american express procter & gamble more than now have offset. china has some problems. >> rising tide lifts all societies and sinks all societies, yes, divergence between u.s. market and chinese market, i don't see how we can avoid this, stuart. when china prospers we prosper. the merging markets have decimated. i'm not a nay sayer but the valium -- volume is very weak, i'm a bear.

charles: shanghai is down over 50%, there's something structurally wrong with china and issues are starting to mount. being an investor i don't still my stocks because i'm worried about china. stuart: you're bearish across the board. >> it's not surprising why it's faltering, mix economy, in my opinion we are succeeding because we are the freest economy, the fact that china is weak both weak for our own market as well. stuart: we have seen that expression. impacts me, impacts you. >> we have to get merriam-webster? stuart: existing home sales down 3.4% from the same period last year. that seems to me -- obvious question, is housing a weak spot

in otherwise great economy? >> absolutely, yellow if not red flag. 4% year over year, do i tell you this gives credibility to president trump's worry that is the federal reserve may move too quickly, housing is epicenter of our wealth despite the fact that we talk about the market and i love the stock market, when people feel like their homes are valuable and can move out any time they want for the most part they make big investments and spend money. worrisome. >> markets tend the leave the news, we are getting numbers on home building, the stocks have gotten decimated, not just home builders but the forestry companies related oriented symbols, i think as long as the stocks are weak this is going to be area that you want to avoid. stuart: you pronounce yourself to be a bear? >> come on, the economy is good, we can't be like another network was in late 90's, always cheer

leading the market. stuart: which network was that? >> goes by 4 letters. i'm not sure. [laughter] >> 52-week lows, stock, general motors, bank of new york, very few stocks, means the market is weak, now the time for breather. stuart: i know that you would love to respond, charles. [laughter] stuart: procter & gamble p&g, one of the stocks leading the dow higher, much better sales, they make everything that you buy. >> the problem for procter & gamble was inability to pass on prices, i went through the numbers every single component had volume up and sales up.

beauty 3%, health care 4%, the only thing that saw sales down was baby sector. magnificent report reflective of strong and confident american consumer. stuart: case close, what do you say that to the that? >> consumer is confident, you have to be contrarian, if you want to make money you have to be continue -- contrarian. lagging indicater and ironically adds to bearish case for the market right now. stuart: we do have two sides. >> that makes it fun. stuart:ly change the subject but i believe that both of our guests, both stars will agree with me. >> oh, gosh. [laughter] >> i know where this is going, continue. ashley: just say it. stuart: i want to talk about the lottery, mega millions jackpot

$979 million, likely to go up to a billion by the time of the drawing, look, i think this is a rotten deal, a rotten lousy deal. you don't get much and what you do get is tax, tax addway, it's a tax on the poor. jonathan, you're with me on this, aren't you? >> people always assume because i'm involved in markets oh, you must love to gamble, gordon geko said it best, nothing is a sure thing but betting in the lottery is sure loss, your point, stuart, who seems to be most attracted to it are less savvy folks and folks who can least afford dollar here and dollar there. stuart: great to have you on the set, jonathan. [laughter] >> i will buy $10 worth of tickets. it is a rotten deal. i heard you talking about the numbers. i grew up playing the numbers. stuart: the numbers game. charles: they weren't based on

wall street, one number at a time. the thing is, though, let me tell you, it was a great deal for me. i was amazing at it. whenever there was a 7 the next number would be this. hey, charles, what's the next number will be. my mother hit the whole number 3 digits, 700 bucks, it was amazing, 700 bucks was amazing. my mom said i hit the number, she had the money, i came in with a friend of mine, she gave me $20 and she gave my $20 and later on when my friend left, why did you give us both $20, i'm your son. god wants us to share blessings, i've lived my life like that. i give money that people don't know me, i share my blessings from god. stuart: you're giving me a huge guilt trip aren't you -- [laughter] stuart: i'm a dream killer. >> the sad part, charles, says a

lot about who you are, we don't know how many times your mom or anyone else played the numbers and lost. >> my mom plays lottery twice a week, one in something is at least in something. charles: people who have a lot of money, jonathan is unfortunate that you would tell anybody not to have hope, be broke your whole life. >> there's no hope. you are not going to win the. charles: i think it's unfair and unfortunate. >> you give them hope by saving, doing something -- >> if you don't buy ticket it's zero. stuart: here is the thing that i worry about, people with scratch-off games, someone with like 20, that's crack, that's crack cocaine. >> normal lottery is okay. charles: if you play a dollar once a dollar on every billion

it's worth it, that's what i'm saying, jonathan. if you think someone is wasting fortune because they have 10 bucks in the bank and they spend 1 in a billion dollar chance, i hope they don't listen to you. someone wins the billion dollars tomorrow and that they change their lives and changes their family lives because they won't do it being short market with $10. stuart: okay, you are totally wrong. [laughter] stuart: i'm not going to tell you that right now. charles: who do we give hope, everyone can't buy the market right now. everyone can't be wrong. >> i don't think the lottery is mechanism. charles: i don't either. a buck now and then. >> play for hope. stuart: i have lost control. [laughter] charles: by the way, ashley is on my side.

stuart: i've been informed that we bought lottery tickets. i'm not in it because i wouldn't contribute. i won't do it. ashley: come monday, nobody to put the show on. [laughter] stuart: thanks very much, ladies and gentlemen. migrant caravan, can we get there, please, deal between u.s. and méxico to stop them from coming here, remember the president says he might send the military to the border if necessary. i've got editorial on that after this. plus, president trump hard line with the saudis, he says if they played a role in the columnist's death the consequences will be severe, we will talk to u.s. former ambassador to saudi arabia and the markets, big story of the day for money, we are buying larger financial programs, stay with us, please, the dow up 175, payne is laughing at me.

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stuart: moments ago secretary of state mike pompeo arrived in méxico city, meeting with foreign minister there. they will talk about the migrant caravan which is heading north from honduras and keeping them out of the united states. the deal that's being discussed involves sending any of them who do cross into the u.s. send them back to méxico, that by the way is new, my take on that just a little later in this hour. i want to get to the disappearance of the saudi columnist jamal khashoggi, president trump says it is likely that jamal khashoggi is dead and they'll be serious consequence ifs the saudis killed him. blake berman at the white house with more, what do you have now, blake? >> we are in the wait and see mode, stuart, as it relates on what how the white house will respond. you mentioned secretary of state mike pompeo was in saudi arabia and turkey and came over to the

oval office yesterday to give the president a full download of his trip there and the secretary of state said he told the president to let the saudis have a few more days to complete their investigation, that was yesterday so a few more days leads us to believe that there might be some move and potentially by the end to have weekend, the president did say yesterday when he was asked that it certainly appears as if the washington post columnist jamal khashoggi is dead when he was asked what the consequences might be he also said that there could be, quote, severe punishment but as you know, stuart, when the president spoke to you just a couple of days ago he was also keeping in mind things like 110 billion-dollar military deal and arm's deal that the u.s. has with the saudis, so for right now it appears as if we are just waiting on this report to come out potentially here over the next few days, stuart. stuart: got it, blake, thank you very much, indeed. joining us right now robert jordan, former u.s. ambassador to saudi arabia, author of the

book desert diplomat following 9/11. welcome to the program, may i ask you, what should america do if it is proven beyond shadow of a doubt that the saudis did, indeed, kill jamal khashoggi, what should be our response? >> follow president trump's lead and impose severe sanctions, the sanctions could range freezing saudi assets in the united states, prohibiting their public investment fund from further investments in the united states corporations. it could include a pause in our assistance in the war in yemen, stop providing ammunitions, mid-air refueling and could involve individual sanctions against those who have been proven to be guilty perhaps also including crown business mohamed bin salman.

stuart: you would go that far? >> i'm giving you range based on premise that's proven beyond a shadow on a doubt and i think it's likely to be proven even though what mbs's' role was. american businesses need to understand that they maybe dealing with an increasing rogue regime. i think it's a wonderful opportunity for president trump to show his leadership and to show that he really understand and is serious about what he calls severe sanctions on the saudis. he's sometimes accused of cozying dictators and this is one way to show that he will not cozy up to a saudi dictator with blood on his hands. stuart: would it be true to say, mr. ambassador, they, the saudis need us america more than we america need them? would you go that far?

>> yeah, i would go that far, they are not the senior partner in the relationship, we are. we have enormous technology, enormous business opportunities, enormous capacity for foreign, direct investment in saudi arabia and enormous military power that up to this point has given free ride in terms of protection from neighbors, yes, they need to understand who has the leverage in the relationship. stuart: i've just received headline from the washington post, they are saying treasury secretary mnuchin still plans to attend the saudi antiterror finance meeting after jamal khashoggi disappearance, he's not going to go to desert but he will go to antiterror meeting, how would you read that? >> well, i think we have to recognize that we still have an alliance with the saudis that provides some value and protection to us. combating terrorist financing is an extremely important part of that relationship, so i can understand how we might continue

to cooperate on certain levels. we need their cooperation, it's not simply that we have all of the leverage. we need their cooperation on combating terrorism, they have provided great intelligence to us in recent years over potential attacks on homeland and so we need to continue the level of cooperation but we also cannot ignore what apparently has happened to jamal khashoggi. stuart: ambassador robert jordan, thank you very much for joining us, we appreciate your knowledge. >> thank you, stuart. stuart: yes, sir. we will check as we do at this time various markets, i will start with bitcoin, 6,300 per coin. the price of gold is still very close to $1,200 an ounce, down 50 cents today at 1229. price of oil still just below $70 a barrel. 69.40 to be precise, price of gas keeps on edging fractionally lower, national average 2.86 per gallon. the most expensive sale, the most expensive home for sale in

america hit the market last year, the price then was 250 million bucks, by the way it has a helicopter, complete car, art collection, 38,000 square feet, you know, it just hit the market again. price reduced to 188 million. i should tell you that we have the listing agent on the show monday. i want to know if he's having a hard time selling 38,000 square feet. check this out, tesla finally offering a more affordable model 3, they are taking orders 45,000-dollar model, if you live in california it's 35,000 with subsidies. the car can go what, 260 miles when charges, that's compared to 54,000-dollar starting price for the long-range model 3. got it? listen to this. jet blue sending people on a trip for free. there is, of course, a catch, we will tell you what it is next and you can decide if it is worth it.

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stuart: jetblue is sending a plane full of people to a mystery destination next month, travel for free, the passengers won a contest, they'll be volunteering for some kind of

charity project, once they land, where they land, they don't know. it's a mystery location. they won't know where they are going until the morning to have flight, they show up at jfk and off they go, who knows where. jetblue stock not affected by the give away, 16 bucks a share, google has some competition, the search engine, duck, duck, go, 30 million searches on site, duck, duck, go, trying to take advantage of privacy issues. >> you're it. stuart: google stock not exactly reacting to that, it's up 8 bucks 1106. jeff bezos tops all other ceo's when it comes to political spending, he spent 10 million bucks on political issues this election cycle but most of that money went to a nonpartisan super pac that helps military vets get elected.

big tech, well, taking it on the chin some time now in the market selloffs but our next guest says it may still be a good time to buy into them. we will let him make his case. we will be back.

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stuart: we are hanging onto triple-digit gain, we had been higher but we will take gain of 127, that's where we are now. next up with, big tech, certainly getting hard hit recently but our next guest saying it maybe good time to buy at least some of them. come on in ray wong, founder of research. ray, i want to go through one real fast, apple, you like it, you want to buy it, where is it going, 219 now? >> 240 by tend of the year, look at the low ratio and the other piece the services part of the business, apple care, all the other areas that are happening around the i store, tall areas, almost 9 billion-dollar business, we think they can take that up to 20, 20 billion by

2020. stuart: okay. amazon, right now i think it's about $1,800 a share, you like it, where is it going? >> you know, i think it's get to go 2,000, one to have big pieces we haven't hit christmas season, they've made a lock in on the workers they need to supply the christmas season, but more importantly when they announced new hq, it'll be low-tax state, they're tired of being shafted by seattle and tax implications, they will probably find low-tax state. stuart: i like the em -- emphatic language there. i won't repeat it. netflix, i'm not sure where it is now, i know you like, 349, tell me where it's going? >> we have seen netflix getting to about 40, one to have reasons it's going well, 7 million subscriber ad, a lot coming international, estimates 9.5 to 10 million more ads and that's driving growth rate and doing

work on content. all big tech stocks have a lot in common, lots of users on daily active basis and they are doing more than one business model. stuart: i'm looking into the future and there are companies may be going public, that would be where you and i could buy stock currently private companies, let me start with air bnb, that's a giant, i don't know when they would go public, you would want to buy into it, correct? >> you do, same dynamics, 5 million listings, 2 million every night being used and it's one of those areas that's worth 31 billion and when they go out, it's going to be more than than air bnb, anything from private jets, rides that uber is in, they have a subscriber base that's huge and a lot of listings and dominant play ne the -- player in the market.

stuart: another company that will probably go public next year and that you like, what do you like? >> cambridge analyticas of the world, what they have a really powerful platform that helps identify patterns that you wouldn't normally see in the marketplace. stuart: data mining. >> based in palo alto. stuart: tell me about lyft and uber? >> lyft is doing about 15 billion-dollar valuation, ride-sharing, ride-hailing service is a market that everybody wants to get into. uber and lyft are jumping with ipo's planned in 2019. they have this thing they have to get out to meet softbank requirements for 100 million-dollar valuation. it'll be interesting if they get there. uber has 75 million users, 3 million drivers, they've done

10 billion rides in 600 cities, that's the type of digital scale you're looking for. stuart: my problem is the initial investors, they get most of the money here as opposed to us retail investors who get in late in the game. i know there's one more, i want you to tell us about it spacex, make your case. >> well, spacex it's going to be a 28 billion-dollar valuation but i think they've publicly said they won't do anything until they take first trip into space, we have to wait a little bit for that one. you want to get in early, i think you have to go to private rounds for that. stuart: i know, probably not going to be there, ray, interesting stuff, we appreciate it. thanks for being with us, sir. >> happy friday. stuart: you're on video tape if it doesn't work out with apple, netflix, you're in trouble. next case, new numbers show china's economy is slowing, have not seen that for a while. joining us curtis ellis, former

trump adviser. this gives president trump a lot of leverage, doesn't it? >> certainly does, we hold the high cards in the round. growth is down, they did not meet their expectations for this quarterly growth and they -- it's actually lower than it looks because what all of the companies have been doing is pushing forward their exports, all of their christmas sales, all of their holiday sales, all of the toys and everything else, they are trying to get them out of the door now so they are borrowing off of future growth so the chinese growth is lower than it looks. stuart: just the other day i interviewed the president and he told me that chinese are not ready for talks, he doesn't want to talk at this point, what he's really doing is piling on the pressure, that's what he's doing? >> exactly. today they announced that he will meet with xi jinping at g20 summit later this month. stuart: that's not official? >> well, wall street journal is

reporting this, some others are reporting it. however, a big caveat unless something happens between now and then and we have seen this before, mnuchin says we will do talks and president trump says we will put tariffs before talks. stuart: this month, before the november -- >> november, the end of next month, november 28th, 27th. stuart: seems to me that china is deliberately delaying this. they don't want to talk before midterms, their desperate hopes that democrats take the house. >> well, staff elections president trump will have every incentive to want to announce to the american people that the trade war is over. president trump has no such incentive, has no such desire, it's actually very popular stance for him to be standing up to china's their repeated cheating and the american people like that, the farmers are standing with them and everybody

else as well. stuart: i understand the concept of face in asia, a leader of china does not want to lose positive reputation. if they would have caved in any way shape or form xi loses face and that's the last thing he would want. >> the solution is simple for china to -- china acknowledges and we acknowledge that china is strong enough now and big enough now to be treated as equal as great powers of the world as we saw postal union, we don't treat china as developing country where they get cheap postal rates, cheaper to ship package from beijing to new york than los angeles from new york, they are big boys, we don't have to treat you like sick sister. stuart: public saving of face? >> exactly. stuart: underneath we would have to get deal where they stop stealing technology

and transfer of technology, that would be difficult to achieve without them losing face? >> as i say, the face saving is to acknowledge that they're big now, they are big boys, on the world stage, they can be treated as equals and the reality is they are going to stop subsidizing industries or accept duties that would come with that. stuart: you don't expect any sudden deal, shining moment, we have a deal all of a sudden, you're not expecting that? >> i don't expect that, no. stuart: curtis, thanks for joining us. keep us informed. individual stocks, paypal, for example, nice gain there, signed up more customers and processed more payments, that's good news, the stock is up 8%. the investment firm wed bush starts apple outperform, start coverage and says it'll outperform. they have a target price for apple of $310 a share, that's maybe helping the stock today,

up 350. the migrant caravan, there's a deal, attempted deal between the u.s. and méxico to stop from coming here to america, remember, the president says he might involve the military if necessary. ly have editorial on that just a moment from now. i say president trump is the one who is taking the initiative here. you'll hear me on that in a moment. state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $339 a month for 36 months.

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currently in 110 million vehicles, currently music listeners are listening to pandora oh apple, big news today procter & gamble earnings hit 5 year high for the quarter, big news sending dow higher up 7%, up 73 points right now, s&p 500 up 11. more varney coming up after

this.

stuart: president trump has put the government of méxico and central america on the spot, stop the caravan or else. the president is play august strong hand here. america control it is flow of money, the threat is clear, if you don't stop the flow of migrants, america will stop the flow of aid money and more

importantly remittences. tinny guatemala took 8 billion and méxico 28 billion. well, there's been a quick response to mr. trump's pressure, méxico wants un to set up shelters on its border with central america, migrants will be vetted there, hundreds of miles from america. if they get around that system and make it to our border, we send them back and méxico takes them, that's new. mike pompeo is there right now and he's laying down the law. i think that's a good thing. the democrats here are just plain wrong, nancy pelosi is encouraging the migrants, ignoring the reports of sexual assaults on young girls in the caravan, ignoring the cynical exploitation by the caravan organizers. the left think they can paint mr. trump as inhumane. has anyone asked taxpayers what they think? they have to pay, what do sanctuary california after all 1 foot in the formerly golden

state and they stay forever, we assume the immigration issue is a plus for democrats, might want to rethink that one. can we put that up on the screen, side by side, migrant march across europe in 2015 and the migrant caravan now heading towards america, don't they look rather similar? germany's angela merkel opened the doors back then, changed europe forever and destroyed her political career, today here the democrats would open our door, that is irresponsible and only encourages an endless stream, it is president trump who is seizing the initiative here and so he must, learn from europe, open borders are a disaster. i think we need some reaction. [laughter] stuart: who better to turn to than rnc spokesperson kayleigh mcenany. >> hi, stuart. stuart: i think you, the republicans, i think you want to make this a political issue in

november, am i right? >> oh, there is absolutely no doubt about that, stuart. in 2016, 79% of donald trump's voters voted because of immigration so make this a front issue, nancy pelosi talk about mowing the grass, solution to border problem, please, you are helping republicans so too is the caravan because people are realizing everything that president trump said is correct. stuart: i just feel that the issue has changed momentum. talk about this 6 months ago, especially separation of families at the border that was in favor of the democrats politically, i think that's changed completely because we face the threat of being swamped and i think it's now a republican issue, can i say that? i know you're going to agree with me because you are an rnc spokesperson but i think i'm right. >> you can say that and also what i would note immigration changed for us and became republican issue the moment

alexandria ocasio-cortez started talking about abolishing ice and mainstream folks like gillibrand, the moment this became our issue, the 4,000 person caravan heading toward our border solidified this as republican issue energized republican voters. stuart: i think the president will address this issue head on, he will make it big issue for him. do i want to talk about senator kamala harris, i'm sure you know she's got a proposal for free money, you get 500 bucks a month if you make less than a 100,000 bucks a year and you get 250 if you make less than 50,000, you want her, senator kamara harris, you want her to be the democrat presidential campaigner in 2020, don't you, you want to run against her? >> any of them, i will take any of them, sparticusakamala, free

college, never mind it's 75 billion, free health care, 3.2 trillion, that's their talking point. now free money, you know, this is a democratic platform but all pie in the sky, all will never happen, come to the republican party, we give you tax cuts, more money in paychecks, something we've already done and continue to do for republicans to keep control in congress. stuart: tell me what internal polls are showing recently? >> well, internally poll showing immigration is hot-button issue, i can tell you i talked to data department a few weeks ago, the trump rally effect is really making changes in races out of montana, they saw definitive shift after the president's rally and you talk about marsha blackburn in tennessee, down by 5 post trump rally, she's now up by 14, so this trump rally effect is real it's happening, welcome him to arizona and to texas because we are going to see effect play once more. stuart: only time will tell, thank you very much for joining us. >> thank you, stuart, happy

friday. stuart: same to you, varney favorite, award-winning wine maker charles smith, back in new york, remember the guy with the hair? he will walk on the set momentarily, you remember him, you to remember him, who could forget? >> great hair. stuart: he brought some wine. ashley: even better. stuart: he's a favorite guest i'm telling you, we will be back.

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stuart: okay, we have a friend of the show who is award wine maker, charles smith, wayans of substance and charles smith wines which happens to be big deal despite the man's hair. >> including my hair. [laughter] stuart: remember when someone pulled donald trump's hair to make sure it was real, i'm not going to do that? >> this year i was fortunate -- two of my wines were in number 2 and 13th wine of the year. stuart: this is number 2. >> named number 2 best wine of the year. stuart: best wine overall?

number two in the world? >> correct. stuart: swine spectator. >> you've got it. stuart: how much? fourty dollars. you get 10 bucks. number 13 on the world list. >> uncovered chardonnay. i have projects, chardonnay, i also have my wines of substance which is a growing in the country right now. 12 to 20-dollar range and then, of course, my charles and charles rose and vino casa smith.

[laughter] stuart: you know why you are here? >> because we are friends. stuart: character, entertaining and you rate and number two you always leave samples. >> fantastic. i'm a giver. i'm a giver. stuart: one of the few people who has turned a love at the wine industry into a very successful and profitable business. >> i've been very fortunate. the idea to be honest and integrity and do the best work, get up early and go to work late and make sure you are present the entire time you are doing it. stuart: jet city wineries, top 10 in america? >> the largest whether you shallan winery in the u.s. charleston wine jet city, it's in seattle actually on the north end of boeing field. boeing aircraft. odd thing is i'm afraid of flying. i renamed my winery jet city. it's how to overcome fears. stuart: what do you think of legal marijuana because that might be challenge to wine

drinkers? >> of course, there's the discussion, in reality, how much marijuana can you really smoke and how much is it really going to cost, i mean, you know, 1 cigarette, if you will will cost $5 and you will not smoke the whole thing. you have 1 dollar worth of consumption that won't change the fact that you will drink wine. a lot of people don't drink wine or beverages to get intoxicated, it's social. that's how we socialize. people don't go to bar and pass joint to socialize, we drink wine and we beer is to socialize and refreshing. stuart: beer sales are down, are wine sales up across the board? >> as far as i know wine sales are up. mine are incredible. very fortunate that people buy my wine. stuart: commercial for you. >> that's true, i'm a thankful guy for being able to do this and thankful for being with you here today.

[laughter] >> i was supposed to be here yesterday and we couldn't make it, why not? why wouldn't i not be thankful? >> i agree. ashley: living the dream. stuart: leave those bottles there. promise, more varney after this. guaranty. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. ♪ . .

stuart: it has been an extraordinary week. my highlight was, standing next to the president of the united states doing an impromptu interview. that was pretty great. >> that is pretty tough to stop, isn't it. stuart: we'll try. look at that -- >> for the week. stuart: the man towered above me. he put his arm around me, said your height is okay, stuart. highlight of your week, susan? susan: i would say your interview. you were not weak. you started off strong and you carried through.

stuart: thank you very much. you're on next monday. susan: fine. >> the highlight was the presidential visit. now the fight with charles payne. you're trying to take everybody's dreams away, stu, how dare you. it was great. stuart: i will introduce neil a few seconds early. neil, you liked our discussion on the lottery i believe? neil: no. i saw where you were coming from. my favorite in your show, i know you had a great week was the klitschko interview. i tell you why. he was very funny. he and his brother are one of the few boxers you know, you follow the sport, almost as you do wine, by the way the guy with the twist-off cap version? here is what i love with klitschko, you humanized him which i found very refreshing, he is proof, his brother is proof, not only keep the money in the ring, a lot of these guys don't, mike tyson went through a billion dolla