>> great show everybody thank you. cease the day maria bartiromo. >> there you heard it from meg meg cease the day right to "varney & company" we go. take it away. >> cease the new week why not? good morning everyone. going to be a very big week for money and politics that, of course, is our bread and butter so let's start with your money. we are going up at the opening bell. it has been a rough week a rough october i should say. but we're looking at a 70, 80, 0 point gain at opening bell. should remember this is a very big week for profit reports amazon, google, microsoft and twitter tell us about vast amount as of money they're making that is going to help 401(k) as of today up at the bell. friday, reading on economic growth in the july through

september period we're looking for 3% plus. all right politics. it is a 15-day sprint to the elections. and president trump will be criss-crossing country and hold four rallies this week including texas tonight. they're already lining up 100,000 people requested tickets for that that holds 18,000. president is making the vote a referendum on him look at his approval rate aring. it has gone up to 47%. better than president trump's polling at about the same time in his first term. and here is what is rapid lid rapidly becoming a caravan now 7,000 strong and pushed into mexico. it is marching north, and its organizers say they're cooling to america no matter what. the president says he'll stop them and democrats will not. and the mega millions jackpot 1.6 billion dollars. enough said okay. monday october 22nd "varney &

company" is about to begin. [laughter] >> we've got this just came at us, cial tweet prefer time you see a caravan or people e illegally coming into our country illegally they have and blame democrats for not giving us votes to change our immigration law. remember the midterms? so unfair to those who come in legally. okay we'll deal with that one shortly but we have the president talking tax cuts over the weekend. roll tape. we're putting a middle tax cuts and that time prior to november. >> that's going to be hard to achieve a tax cut when congress is not in session. what do you think of this guys? i think the president was saying, we'll have a plan and if

you go with this plan, stop laughing -- [laughter] we'll keep control of the house. this is october surprise right? >> well problem is that we have no details. don't know who is affect and how to impact the deficit, you know the sifngs they'll say target the middle class which, you know, let's be honest, middle class could use the tax cuts but won't get it before the election. >> no. they have a -- no way to get through congress. not going to get it through but i think president is making a political point here's what you can get. [laughter] >> it is a bid to get seats in the house that are really tight right now and look at wisconsin, florida, minnesota. pennsylvania, there's tight races there. >> okay. we, of course, are weeks away from the midterms. president trump is hitting campaign trail here's a map, here's where he's going to be this week. it is houston today.

wisconsin wednesday, north carolina friday, illinois saturday. james freeman with us with "the wall street journal" editorial page. ic the mid-materials have become a referendum on trump what say you? >> very much so. you normally have the president and his party on the ballot admit materials typically it is a rough time for a president and his first midterm but i think this year especially it is all about trump just because of the unique nature of this presidency. >> i don't know which way it is going to go whether republicans keep control of the house or not. obviously i don't know. but approval rating at 47% and i have to believe that's largely because of the economy and a the economy's performance. >> yeah. you go into all of those polls deeper and that is the big edge for republicans and for the president. even though he's now a little bit underwater or overall approval he's across just about every poll a strong advantage on the economy. and it is the same thing for republicans generally. so i think it does matter and i

think what is new is the enthusiasm on republican side post kavanaugh confirmation that is perhaps matching the democratic intensity. >> do you think that this caravan is an issue which favors the republicans? >> i think democrats believe that it is. because they are not talking about immigration right now. and i think they realize they went too far saying let's abolish i.c.e. and have sanctuary cities most americans like immigration. they feed benefits to welcome more people what they don't like is lawlessness. and so i think this kind of issue where you might not like trump you might as i do want more immigration maybe than he favors but -- i think most voters tend to agree with him we are a nation of laws. you have to have a border you have to enforce law. >> you were say people in the caravan quoted over the weekend saying they have a right. >> to president trump coming to visit you mr. trump. not once in and let's be honest.

mexico is unable to stop this, you know, sea of humanity which is growing. they've gotten free boards and gone across river and they're coming through i know trump administration is now sounding warning sign. >> they're not entitled to break the law illegal border crossers it is not right to break the law period . >> it is not right to put it on our backs why should we be responsible for saving the world and poor people -- >> that's right to changing life beacon and freedom but does mexico want tent cities? >> you don't want unchecked immigration where people poor across border has to be a rule of law that's an election issue. the rule of law. on the border. >> all right moving on let's get back to your money four of the biggest tech names report their profit this is week. they are alphabet amazon microsoft, twitter. come in market watcher founder of consolation research. all right welcome back ray good to see you again. do you think those four tech

companies are they going to produce the kind of stellar profits that we're used to? >> yeah. actually i think we're going to see that and part of the big reason is a.i. and cloud are two big drivers a. si. a trillion dollar business by 2020 clouds 100 billion by 2020 and they're succeeding in all of those area. >> ai artificial intelligence do you think that's already showing off? >> already showing up in the earnings reports? >> it is showing up because both the cloud and a.i. work with hand in hand with each other companies looking to amazon google and microsoft to drive a.i. initiative we see theafer day. we see that when customers try to figure out how to solve a problem making next best suggestion forecast their markets figure out how to optimize supply chain first thing they go into is artificial intelligence. >> you're saying these big tech companies which have led market for two years they're getting back into a leadership position

is that what you're saying? >> yeah. the value location that we actually saw in the last three weeks is actually shifting back into a tension of market momentum. i think when the earnings numbers come back tech watch reverse going to come back and hedges are oh, my god we have to come back into big tech. these are -- these are all of the three headed to the trillion market cap numbers and what is driving it is shift to the cloud. the big one, and that cloud ship allows you to do at official intelligence that's why they work hand in hand. >> thanks for coming back to us ray you express yourself in a way that i even understand. that's a very big deal. see you again real soon. good stuff. all right -- making me understand technology. [laughter] miracle -- [laughter] back to politics -- here question go. house minority leader nancy pelosi cursed by protesters in florida. some calling her a communist i think some obscenity there and mcconnell confronted in a restaurant the guy stands up and

criticizes him because of his assistance on health care and kavanaugh and back to james freeman. i don't think this confrontation is a good thing i think people really don't like it. >> no. political loser for everyone who practices this kind of thing on both sides and i think that is kind of the reason he's had a bounce here in polls. also it is underlined by fact our latest wall street journal nbc poll shows that -- polarization in america is now a big concern of voters so that the good news is when you see this, these cooks doing this at restaurants and airports, whatever. that is not the mainstream of the majority and not nearly even a large percentage of the american public so it's -- yeah. it is disappointing you wish this didn't occur and it's not good politics. dust it off. countless conversation that i've

had. i don't like -- >> peel feel unsafe and makes people feel unsafe and don't it need to act uncivilly they can easily and it is awful what happened it is wrong. awful what happened to mitch what happened with mcconnell. >> other patrons started defending mitch mcconnell tell this person get out leave them alone. defend nancy pelosi and her dignity in public nobody should -- even though democrats encourage this. we understand that we get it obama encouraged it in 2008. it is wrong, nobody should do it. stop. don't let people withdraw with politic because of the debate. let's face it. james thank you very much indeed all in all. check futures how we're doing it is monday morning open up the market up 70, 80 point legalize weed more and more widespread so time to invest in this clearly growing industry? well of a chief executive of a company which grows and sells marijuana --

over the weekend, president trump tweeted this, facebook is just stated that they are setting up a system to purge themselves of fake news. does that mean cnn will finally be put out of business? there you have it mr. president hao qard joins us in our next hour. [laughter] toxic subject. and migrant caravan nation its way to the u.s. and they'll be here by election day we're told. we'll ask senate republican senate candidate from new york what should be done? she's next. a good place to start is with an independent registered investment advisor. as fiduciaries, they live by a simple rule: always act in the best interests of their clients. that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com

you like to point out individual is stocks which are making news and moving well not a great deal of movement in the kleenex people but chief executive will step down and report better profit and sales stock sup a fraction of the opening bell. president trump says, we will pull out to new treaty with russia. tell me more. >> because russian are violated

this treaty that went become to 1987 basically prevents the united stating and russia from possessing producing or test flying ground launch cruise missiles with a range of 300 to 3400 miles trump is said the president say we're going to terminate agreement then we're going to develop the weapons. unless that's tough talking he say unless russia and china agree to a new deal so like he wants to tear up this one because he has with other -- tax on trade or military or whatever. and he wants to rewrite this particular -- >> a lot of stuff up. really -- [laughter] by the way, president was tweeting this morning, he often does every time you see a caravan or people illegally coming or attempting to come into our country illegally think of and blame the democrats for not giving us the votes to change our pathetic immigration laws. remember the midterms. so unfair to those who come in legally here is another from president again from this morning guatemala not able to do

the job of stopping people from leaving their country and coming e lislely to u.s. we will now begin cutting off or substantially reducing the massive foreign aid routinely given to them. joining us now is shell republican candidate for the great state of new york. welcome to the program. >> great thank you for being here. it is a political issue out of the caravan. what have you got to say about it? >> that i think we've got to do something. we can't allow 5,000 background people we have no idea of if i were a terrorist i would want to come to the u.s. but biggest issue we have is comprehensive immigration rsm and we're not going to get it unless we change people that we are sending to washington which is why i'm such a fan of term limit we create same problem unless we change people who are in washington. >> in your race, here in new york, you are going to debate your opponent and that's coming

up this thursday. >> it is and you know, wants to abolish i.c.e. you just been handed a campaign issue here. >> absolute it is fantastic you know i.c.e. is group that took 796 member the of brutal gang off the street. here in long island they are using knives to hack to death our teenagers i have teenagers i don't that to happen and let's not forget they were also the group that found the nazi and actual nazi living here in queens and deported him as well. we need more law enforcement less. >> how is this issue playing the in new york state it is a liberal state it really deep, deep democrat state. how do you think that the caravan issue plays because this is just bursting on scene all of a sudden. >> absolutely well we all worry about poor children but let's talk about poor children in new york there was a study that was just done cbs came out where they said that kids who were 11 and 12 are now being recruited by ms-13 on long island.

i have an 11-year-old i don't him to be recruited nobody does we need to get rid are of ms-13 and i.c.e. will hep help us do it that. >> what do you say about taxes in knock state with the senate from new york state you can't affect the income tax which new york state has on citizens you can affect the federal tax rate but not the new york tax rate. smg there's no question that taxes are too high. we all know that new york is donor state we spend 48 billion more to washington than we get back i want to bring that money to repair infrastructure and to lower our taxings i have a reduction for renters there are 4 million renters in new york state why can't they dedact rent i set up to 3,000 a month 36,000 a year off their taxes. the way you can deduct interest off your mortgage. >> i want to quickly take a look at the cover of the new york post over the weekend. your opponent doesn't want a debate you say in doing so she's silencing you. but now i understand, you do

have the debate on. right? how does that happen? >> check in to see if it works there it is. she's there in a chick hadden suit with andrew cuomo the govan so yeah agreed to a debate she pulled out of a debate that she actually arranged pulled out of with less than 48 hours to go but happily agreed to a shorter debate on abc on thursday and looking forward to explaining people of new york the fact that she's only gotten one bill passed to rename a post office during her 12 years in d.c.. new york deserves better than that andly do that when i go to washington. >> thursday debate take place. 30 minutes. on abc 1:30 and rebroadcast sunday at 11 a.m. got it. thank you 1r-67 for being with us this morning. we appreciate it. >> back to you. okay. let's see what we got here? the future market chose that we're going up at the opening bell maybe -- 70, 80 points roughly but we're going up a rough week rough

month i should say. and by the way, we did reach out to senator kristin gillibrand to get her to appear here and not responded to our request with. and then we have über, they are testing a new service -- it is called on demand labor, it is a big expanse for the company and we'll tell you how they extended to work stocks up ten minutes from now. - at afor the financialt's time world to stop acting the same old way. you need a partner that is willing to break free from conventional thinking. we are a different kind of financial company. we are athene, and we are driven to do more. hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy.

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>> this is new über reportedly testing a new on demand labor service. yeah. it temp service look like they want to connect with companies. not a driving but temporary agency. >> that's right temp workers so it could be, you know, for a corporate event it could wait rs security guards. here's the downside don't expect any -- benefits if you want to sign up for this or, you know, your own worker comp insurance. you have to provide it for yourself if you want to be a temp worker on this app and, you know, no regulations about overtime you know, you have to read fine print with this stuff. departure from the company more than just a ride service to a temp agency. >> to justify as 120 -- ipo next year so they're doing work. interesting diversifying a way.

>> they can do if. we have to talk about this i regret no winner for mega millions jackpot and jackpot is now 1.6 billion dollar that's now. when is the new drawing? >> i e hope somebody wins it so stu can calm down next story is tomorrow night. we'll find out whether there hasn't been a winner since july powerball is up to 620 million combined you win both which is can you imagine 2.2 billion that's tied for highest ever but i think that is a good chance with loath toe e fever to become biggests lottery ever time. >> people come in, and that adds to the jackpot. >> are you going to buy a ticket? >> not buying ticket. don't get hill started. sorry. sorry. dow jones industrial afnlg will be up at the opening bell this morning. this is how you make money you invest in the markets that's how you do if. we're up 70 for dow. 50s and nasdaq techs are going to do well and we'll be back in

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all right we have what 30 seconds to go and open this market, this monday morning. as we were saying, october has been a rough month certainly for the dow industrials. i think we're down about 4% thus

far this month. and we closed out friday a 25,400 that was friday's close. we're going to go up a little bit at the opening bell today but absolutely no idea where we're going to close 4:00 this afternoon. absolutely no clue. but i will tell you that year on tenure treasury is 318. hardly scary stuff. all right we're just open the market, and we've opened higher we're up 40, 50 points as expected. 48 points. 46 point even split winners and losers thus far 67, 71 here we go. of 66 leave it at that up one quarter of one percentage point and s&p 500 where's that this morning, it is up about the same. one quarter of one percent. and the nasdaq composite i'm expecting a nice gain there up half percentage point so looks to me like in early going techs are doing well. look at these four, they're four of the biggest names in technology they report their profit it is this week.

alphabet microsoft, twitter, and who we got amazon. they're all up this morning. and we're expecting solid profit reports later on this week and get into that a bit later. who's with me jeff seeger scott martin elizabeth macdonald ashley webster. okay tack has been getting hammered scott back to you. will these techs this week after their earnings reports are they going to lead market all over again? >> they may. and they probably will. because they think numbers are going to be very good but how long does it last stuart is the question because -- let's tick a note from a couple of my other favorite one adobe led the market for a day and a half and overnight in some cases say they fell off. so to me this is really important from not only are they going to lead market for next day or two but also the staying power that have rally based on how good numbers are. >> they don't you know if they don't hold up and some kind of retreat for techs after earnings

reports scott, you think that the whole market comes down? j well it's just a bad sign. in the case of netflix and to go back to two which we own by the way, that's a bad sign when you have good numbers and guidance out of those two names and they can't hold bid so to me if that whats with amazon google and so forth that's another bad sign that tech is kind of in this transitory phase. >> things to watch out for whether or not microsoft is next one trillion market value company that's what they're talking about cloud driving profit line same for amazon on a forward basis cheapest in seven years to buy amazon stock. forward pe is only 74 that's still really high. but it is cheap. it is comparatively speaking since we were for less seven year pps one big name technology company that jeff has always kind of looked at and said watch out because this thing is going up. it is amazon do you think it gets back to 2,000 a share?

>> i think there's no question in my mind to get to 2,000 and as liz said amazon is just beginning to show us what it has. and what it has is if you look at the first six months, almost a over 40% improvement in revenue, operating margins are improving cash flow is improving that brick-and-mortar push is improving. so amazon especially with web services it firing on all cylinders and i think they are going to absolutely show them what they have, what they have in store for the future. >> that fop show the revenue from prime day in the summer. so that could move that stock higher. >> just one day they made 3.6 billion in one day. so me that's pretty extraordinary. >> didn't make it but brought it in. right, andst that's a lot of money. >>that really are is what you gt ash? >> how can you bet against amazon they have a finger in every pie what they do they do very well so hard to bet against this company. >> in a moment bring you a story

of the europeans, on that in a second. but let me look at away, dow is now up 103 points three minutes into trading session not a bad performance on monday morning barclay said buy disney with a new stream service that come out next year that says barclay rival netflix. all right scott what do you say to that? >> you be the streaming business may be big enough for a couple of players, obviously, as you mention netflix dominator there but we own disney stuart in the past, and we don't right now and reason is because the burden of the americas that disney has and companies so to me if they were to stream off that streaming business along with theme park build a little bit more interested but because of the cable issues that disney has we're staying away. >> what was that espn? scott is absolutely right it has continue to be a drag more and more cord cutting cash cow no longer but if streaming thing is developed to level that it might

with all of that content -- >> well you have netflix which is king of streaming content and you have disney which is the king of content. i think disney is a very, very -- but i agree with scott their network strategy is not working out as they expected. but i believe that they could execute on this if anyone has shown they could execute it. >> i agree with all of that disney has a balance sheet than netflix right now. netflix will spend 13 billion. >> but disney is so late to the game they're powerful but so late. : all right we've got the dow industrials up 81 points. just a moment ago we're up 110 and nothing dramatic happened but now we're up 83 point got it. individual companies with news. halliburton better profits there. what is stock doing not much down 3%. how about that maybe that is outlook for drillers and the naturals gas and for oil. profit and revenue falling short at hasbro hurt by the toys"r"us

bankruptcy and down five and a half nearly 6% today not a big drop numbers at kimberly clark make scott paper towels you name it they make it they fill up most supermarkets basically good numbers but stock is down 2%. yes, we are just a few no we are 15 days from the midterms. all right jeff. if the democrats win, the house win control of the house, do you think overall market goes down? >> well yes. i do, and i think it could be one of the single worst things that happen it is to market. what it creates is a lot of political uncertainty and tax cuts that this market absolutely loves will not become permanent and that is a big, big deal and the focus will not be necessarily on moving the country forward it will be on -- on overthrowing everything that president trump tries to do so it is imperative that republicans win master's degree term. >> what do you think? >> i don't think so. i don't think so. i think that okay we'll have

gridlock probably in -- d.c., but i don't think that's going to affect the where economy is doing i don't think and it won't affect the stock market but it will continue to move based on fundamentals. >> scott, the president approval rating has gone up to 47%. he's on a rising tide at this point. what do you think is going to happen in the november midterms, make prediction and tell us what you think will happen on markets? >> it is a good time to catch a rising tie but not save the house so my guess is they split house goes to democrats republicans keep the senate. and also a the fact that we have, you know, the ability to see what happens with trump agenda because we have a big plan for infrastructure plan ahead and flip over in november that's something that market is counting on. by the way, the rally which we have at the opening bell we're up 110 now we're up just 28 points we have lost that rally not quite sure what the big concern is. but we've lost much of that

rally we have germany, it wants a global minimum tax on american big tech companies. come on you know here's the thing. they are overturning long standing international tax principles by say qept to tax your revenues. that would be a game changer, and you know they want everybody to pay their fair share but they're going at it at most unfair way instead of wasting money looking to take everybody else's money level playing field for your own company to get in silicon valley this is a direct shot at ireland and a direct shot at apple. >> what do they innovate more lucrative to find big american company and -- easier. yes, every decision that e.u. made put them further in debt and they're looking at this pocketed of money to be their potential saver that's what e.u. has always done looking for low hanging fruit to get them out of problems that they created and for the tech companies i think that tech company are majorly

concerned about this. because they want to grow, and u.k. is hanging over us, this doesn't help. >> u.k. is concerned about it. ireland is concerned about it and tedious action out of the e.u. and jemple right germany rt now. >> let's get to economy on friday we get read aring on how strong the economy has grown, in the july through september quarters called third quarter what kind of growth are we going to get? i seen most estimate it is in the upper 3% range so let me go arranged block here. all right scott martin what do you think is the growth rate in the third quarter as revealed friday? >> we've got 3.7 stuart, and that's still pretty good. i mean concern wring we've been and coming off 4% that so manies fair. real thing to watch going forward is not only gdp but wage growth going in this country and get above 3% we haven't yet that's something to keep in mind as question try to see gdf

inflate. >> 3.7 -- but 3.6. >> liz? >> 4. just going outliar. why not have fun. 4. >> jeff? >> over, i'll take 4.1. you. i think but again what people are are saying is that tariffs, the effects going forward this report is old news i'm not going to care a heck a lot it be but care more about what the effect is going to be going forward and going forward i think those numbers are going to -- >> what do you think stu disappointed if less than 4% in latter part this have year disappointed question get less than that. i have to say thank you to jeff and scott is thank for being with us on ab monday morning always appreciate it. we have lost that rally look at that. literally moments ago we were up 110. now, we're up 3. we'll piepgd out what's going on for you. on the move, the migrant caravan is heading north to america. what should we do?

seal the border? bring in the military? i'll ask the national border patrol counsel president exactly that question. what do we do? the journal calling out government proposal that would force drug companies to include the lyft price of drugs in tv ads what secretary alex's response to that, we'll ask him because he's joining us next.

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takes more than just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. >> look at that. 13 minutes in and we turn negative we're up 110. now we're down five. big changes coming to your credit score. gerri willis has details for us. my thoughts going up. >> i'm sure through the roof already my friend. look if you're a person who can only put together 400 bucks in your checking account every month for three months and not

overdraw if you can manage that you're getting a higher score under this. this is like grading on a curve. okay it is easier to get a higher score 26 million americans will get a higher score. 4 hl will get a higher score if i 20 point what's going on here big pressure on credit scoring scoring industry and lenders want to lend when interest rates are rising. right so there's been big pressure on them to boost these numbers. and it is the biggest shift in credit scoring ever because stand back to look at this for two seconds instead of looking at how you pay back your debt we'll reallying at how you manage money. how you spend rather than how you pay off debt so big change. >> cash in your checking account now counts for something more than it used to. >> such a weird thing to people who have followed this for a long time because it is inside out. >> it is a switch. thank you very much indeed i forward to my highest store. the government has proposed regulation that will force drug

companies to include the list price of a drug when they do a tv ad secretary of health and human services alex mr. secretary welcome back to the program. good see you as you know i'm sure wall street journal called you out in an editorial saying look nobody pays list price. therefore, there's not much of a gain when you put the list price in a tv ad. what do you say? >> well they got the farmer talking point down i'll tell you that much. [laughter] this is just nonsense and this is why the president has to keep fighting against special interest here to try to bring relief to public around drug prices almost every senior citizen pays for their drug for some of their drugs as a percent of list price or the whole cost based on lyft price 47% of people under age of 65 have a high deductible health plan where they're paying all or portion of their drug expense based on lyft price. it matters. >> okay. what's your next move to get

drug prices down because that -- that's what you've got to do. i mean, that's your mission isn't it get drug prices down to ordinary consumers what's your next move? smtion that's the movement that president has given me and president trump is fighting for them every single day on this issue. since he announced his road map back in may it has been a steady drum beat of action. there's no single silver bullet that solves this very complex world right away. but we've gotten historic drug price, negotiation and medicare for first time ever to parts of medicare that have never had it before and we signed the gag clause which was statute that prevent insurance companies from pharmacist not able to tell patients to get their drugs at a lower price and now mandating lyft prices in tv ads and more son the way. >> sounds like transparency is your big deal here. if i can see through the billing process, and see the pricing process i've got a better chance of getting cheaper. that's your line.

wells that's how the government can actually help facilitate and create efficient markets and we don't have a market for drugs but trying to create one. >> can i ask you about flavored e-cigarettes i know you've got a -- country has a problem with this because tina and youngsters are gotting this stuff and it is marketed to them. are you going to ban them? >> well we've got a really big problem here because the threaten rate of usage has soared just in the last year, and this is becoming an epidemic and while e-cigarette can be a useful public health measure to get them off a combustible tobacco we will not allow become addicted to nicotine delivery devices and then progress to tobacco and so we have called up manufactures we have gone after the retailers who are making these products available to kids, and we're going to be talking strong action here. >> is it just flavored e-cigarettes that you're going after? >> well so it is not just

flavoring it would be any type of marketing practices that make these products enticing to children as well asking seases are there adequate controls to make sure they simply can't get them? >> trouble is, nobody knows what -- if you're an outsider you're looking at youngster smoking one of these things you don't know it could be nicotine marijuana a lot of different things you doangts don't know that whole e-cigarette area is a problem in and of itself. >> well kid should never have an e-cigarette in their mouth no matter the product they're consumerring and that is the job to work to make sure products aren't available to our adolescents. >> great pleasure. we do appreciate it. thank you. >> better check that market again. we have turned around by much but up 23 points for dow and roughly even split between winners and losers on big board now this -- a polio like disease but a

polio-like disease is making children sick. parents very concerned, obviously, doctor marc siegel will give us a progress report on what problem is and how bad it is. over one mistake. see, liberty mutual doesn't hold grudges. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty ♪

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of a polio-like disease. whenever i hear that word polio like this is a problem because my generation it was a scourge back in the 50s is it a polio disease? >> it is not thanks to the polio vaccine we wiped it out in 1979 a huge accomplishment but polio like but what is scaring parent is that we don't know what's causing it that's the problem. i talked to dr. mark who was the head of the ctc division he said we still don't know what this is. we think it could be a virus. causing it and aftermath of a virus that is like a folio virus called polio a part of that group but here's the good news is still only 386 cases over last four years, and it is not going up. so we have to figure out what it is, whether we can get a vaccine to it and how to prevent it. now i don't to make light of it because if you're a parent and one day your child is playing

and next day, you -- they can't move and get polio it is devastate. we can say this is not spreading rapidly we can say that it is not. >> absolutely and not common agous or believed to be contagious if someone in your household has it and someone in your household will not get it. 380 odd cases are they spread? >> 22 states again not in clusters so we don't think it is mosquito born and tested for west noil and not pole owe but a virus that millions of us carry and aftermath cause neurological problem. >> what happens to a child who succumbs to this? >> it is really devastating their muscles aren't working many of them end in wheelchairs we can use rehabilitation and physical therapy to get them over it and recover. you've seen plenty of people with polio. you know, struggling with crutches and that similar here. >> you can get over it.

>> absolutely. you can get over it. some can completely recover and others will require intensive therapy over year and they'll improve. so polio like but not polio itself. >> it is not polio it is polio-like there's a treatment course rehab but it is devastating and my heart is out to any parent or child out there that's got this. but i don't to pan pick because it is not contagious. >> thank you dr. marc siegel thanks. >> yes, sir. the nba announcing a new league for younger players. how young? >> 18-year-olds this goes back to when then commissioner of the nba david stern put in age requirement saying you can't be 18 and go straight to the nba you can't go from preps to prose as it was called. so he upped age to 19 now they have thissed g league problem is basically none of these star athletes have come out of -- prep school and gone into this

superleague they've gone into colleges which led to a slew of crooked dealings envelope of cash all of that manipulated to get star players out of high schools into colleges it has been a complete, complete and utter mess. this g league superleague is going to offer 125,000 contracts bottom line it was a missed opportunity from the very beginning i think the nba will do away with age requirement within two years and have again 18-year-olds looking to go pro. >> interesting. college these day -- you know. i'm going to bring in money -- news on jobs getting better and better not a stretch to say that jobs picture is as bright as anything we've seen in an entire generation if not longer we'll take my take on that, next.

. .

stuart: you know the news on

jobs just keeps getting better. it is not a stretch to say that the jobs picture is as bright as anything we've seen in a generation. start with this. florida added 407,000 jobs in the last 12 months. the sunshine state has never had a better year for job creation. look at that. same story with texas. 406,000 new jobs in the last year. that is also a record. in ohio best job creation in 21 years. in pennsylvania, best job creation in 18 years. now this comes on top of the report that there are 7.1 million job openings. we've never seen anything like that before. the jobs news, it's not an accident. it is the direct result of tax cuts and deregulation. by the way, high-tax, big-government states like new jersey, new york, illinois, they are way behind in job creation. interesting growth is being held back by a shortage of workers,

especially skilled workers. who would have thought the vast pool of part-timers and discouraged workers would be mopped up so quickly. that is what you get when you unleash capitalism, the real engine of job creation. the second hour of "varney & company" is about to begin. ♪ stuart: i don't have a reason for but i can tell you we have had a complete market turnaround, we opened up 110, after a half hour we're down 78. we'll figure out a explanation shortly but do look at united technologies. that is a dow stock. it is way down, that is quite a drop on the overall dow average. we're off two bucks on united health. that does affect the overall average. mcdonald's it reports profits tomorrow. looks like investors are

positive ahead of it, look at that, 28 cents, that's all you got. big tech names report this week, amazon up, microsoft down, twitter, down, alphabet, down. not much movement except for amazon. amazon is now pointed down, look at that so you've got, they're all down, they're hovering around -- no significant gains for the big techs today even though they report this week. still on the markets, come on in, keith fitz, money map chief investment strategist. keith, you were right the last time we saw the profit reports, you were right on google, right on amazon, right on facebook. so, tell me what are your picks for this reporting season? start with the ones you like. boeing i think? >> first of all, thanks for remembering. this is a tough business and it gets tougher every day. yes, boeing is one of them. microsoft, visa, all three of

those companies will blow the doors off earnings, knock the leather off the ball, and the story is just what you talked about, growth, technology, jobs, inovation. stuart: why are these particular companies as you say, blowing the lid off their earnings reports? why? what's so good about them. >> boeing is tied into defense. tied into unstoppable trend. president's budget removed caps some of them entirely. visa all about the converting from cash to digital. that is worldwide platform. microsoft has got innovation back in the ball game. that is one of your favorite stocks. stuart: do you think these earnings reports will give a good leg up for the market? >> i sure as heck, stuart, we are about due for another stupid fed official off the map. they don't seem to walk back torpedo approach to interest rates and i think that spooks

traders. stuart: jpmorgan says the 80% of the selloff is over, done with. that implies they think we're going up. you're not so sure now? >> you know i've been in this game long time, stuart. when wall street says one thing they will do another. i'm very suspect about comments like this. i don't share their optimism. i think we're due for one shakeout, based on psychology. a lot has to do with midterms. stuart: tell me about the midterms, there might be one more shakeout, are you basing that on democrat victory in the house? >> no, i'm just basing it on uncertainty in general. statistics doesn't show, at that whether the house flops, senate flops, doesn't matter, up double digits following a midterm election. we have a unique sort of nexus of information. chinese trade wars, concerns about russia, convoy coming down in south america, going north. a lot of things roiling traders.

that is the uncertainty. they can't simply put their finger on it. stuart: for a couple years, keith, you've been pretty dramatic saying market keeps on going up and now i suspect, i'm reading between the lines, you're not so sure? >> i'm sure that i'm not sure, let's put it that way, stuart. you always want to play are to the upside. seriously you always want to play for the upside. you never dismiss that. it is always more expensive to avoid a downturn than it is to stick with the upside if you manage your risk properly but right now something has got the hair of my neck standing up. you can see i don't have a lot of that. so this concerns me. stuart: we'll pursue this theme later. thanks very much, keith. see you very soon. thank you very much. my editorial at the top of the hour, we were talking about jobs, what a great performance this country turned in. i repeat this. look at florida, they added 407,000 jobs in the last 12 months. that is the best they ever done. i have to tell high-taxed states

like new york and new jersey they're way behind in job creation. lawrence jones with us, campus reform editor-in-chief. i'm going to say that the jobs performance is the outstanding bright spot in this economy and the trump growth agenda. are you going to take me on? >> yes, that is exactly right and it's a combination of the states that have low taxes as well. part of the reason why texas and florida are doing so we, they create a environment, on top of already getting tax cuts that the president and republican members of congress are able to pass. but as you know in texas there is no state tax. so the environment's together, working with the president has been able to get people back to work, stuart, and now we just got to get people the proper education to fill these jobs. stuart: yeah, that's true but we also got to make sure people know what's going on because the media is not telling the people

what's going on. i'm looking at the front page of "the new york times," and all the rest of them, they don't talk about the economy, they don't talk about jobs. they're looking for negatives elsewhere. so the question is, do you think this jobs performance, this bright economy, has it leapfrogged over the media and arrived on the front door of most voters? do they know this? >> i think they know, stuart and that's why they had gotten complacent. the republicans got a lot of what we wanted. the republican voters. the american people that sent donald trump there. they got the jobs. the economy is doing well. before the kavanaugh hearing that is why you saw them being so complacent. it is sad, stuart, but voters only go to the polls when they're upset. they're not just going to the polls because they're so inspired. when they get what they want they tend to stay home. why this kavanaugh hearing stuff that electric energy is now bringing those republicans back it polls. it's sad but you're not going to

get people to the polls just because of tax cuts, even though they love it, they get complacent. stuart: what about the caravan, it is heading north, 7,000 strong? >> now you're talking. stuart: read a presidential tweet. every time you see a caravan of people attempting to come into our country illegally, blame us democrats for to the giving votes to change the pathetic immigration laws. remember the midterms. so far for people come in legally. that is something for people to vote against, the caravan. >> that is exactly right, stuart. i was at the texas state fair yesterday in dallas, texas and everyone that i talked to the number one issue was immigration. many of those people are absolutely terrified with what's happening with the caravan of the fact of the matter is this. there has been a turn in this. now mexico is working with us but the sight of seeing all these people -- and by the way,

people, all these men that are not willing to fight for their own country is troubling to a lot of americans. stuart: most of those people in that caravan are young men. that's a fact. lawrence, hold on for a second. i want to tell our viewers that lawrence jones will be co-hosting "the five" tonight on fox news channel, live from dallas, at 5:00 p.m. eastern. jesse watters is down there with i think? >> jesse watters, juan williams, dana perino, greg gutfeld, we'll be here in dallas talking about the midterms. and i hope we get some questions from our audience. stuart: okay. i might phone something in. lawrence, thanks for joining us today. we're glad you're on the show. >> thanks, brother. yes, sir. stuart: big hour coming up for you. president trump going up against cnn once again. he is at war with the media. i say it is good for both sides actually. howard kurtz, "mediabuzz" host. i think it is good for both

sides. remember this, president obama going after president trump on his plan to bring back manufacturing jobs. >> he said i'm going to negotiate a better deal. what, how, how exactly are you going to negotiate that? what magic wand do you have and, usually the answer is, he doesn't have answer. stuart: well, in fact there is such a demand that one company is offering higher wages, even though, still can't fill the manufacturing jobs that they have open. we'll bring you that person who runs that company on this show. plus we're seeing an unprecedented economic boom but former reagan budget director david stockman says the trump economy is complete political and wall street ba loan think. we'll take him on again. you're watching the second hour of "varney & company." ♪

stuart: we opened up, now we're down 73 points lower. 25,300 is where we are. look at hasbro. weak report on profit and revenue. they were hurt by the toys "r" us bankruptcy. they're a toy-maker. they're down 5%. big loss there. >> kimberly clark, they make everything in the supermarket from kleenex to paper towels, you name it. they had good numbers. the stock is down 3%. it is overall a down day. president trump said over the weekend, he and the gop are working on a second round of tax cuts for middle income people. emac, liz, ashley, he said they will get it done before november. i don't see how you do that. liz: congress not in session. lame-duck session after the midterms. stuart: what do we get? liz: a plan, a promise. stuart: what is the nature of the promise? is he saying, let us keep

control of the house -- ashley: you will get a tax cud for the middle class. we don't know what that exact bracket will be. no way it will get through the house, certainly on the senate, congress is on recess through the midterms. so it is impossible. liz: nice idea. ashley: the promise could be enough to win votes. liz: my own little october surprise for the tight races in the states where the republicans are not doing so great. the. stuart: we shall see. the trend is towards him for voters. that is what is going on. ashley: right. stuart: obviously we have a fully employed economy. the problem is, that some companies, with job openings, just cannot find any workers to fill the jobs that they have got going. one such employer is mike, the ceo of a company called amerq amerqipip. a manufacturerring in wisconsin. >> good morning thank you. stuart: have you ever offered

higher wages? >> we have. stuart: have you offered better working conditions? >> we have, significantly in the past five years. stuart: you still can't fill the jobs you have got going? >> it has been a challenge. stuart: what are you going to do? >> we listen to the current team members, listen to what their needs are, continue to adjust the benefits and packages and wages that we're providing, become more flexible. offer alternative work schedules and we're getting very creative with the local high schools and technical colleges to try to attract more talent. stuart: is it holding you back? i presume you could grow your company if you could get workers to fill the jobs. so you can't get the workers, so, question, is it holding you back? >> it is. we've grown significantly with the challenges we have but, yes, it is holding us back as we're trying to make sure that we remain very competitive and we're providing great customer

service to our existing customers, getting product on time with the quality that they deserve. stuart: is it skilled workers that you're looking for? >> it is both. it is unskilled. welders and machinists. stuart: would you favor increase in number of immigrants coming to america to fill your jobs? >> right now we're very open to anything that would bring potential candidates and hires and employees. as we have a lot of exciting things happening right now and we would really like to be able to execute our vision and strategy and continue to grow in the communities we call home. stuart: what do you make? i know you're a manufacturer. >> yeah, absolutely. we make complete product and accessories for john deere, be caterpillar, toro, mahindra. commercial mowing equipment, backhoes and product for compact utility tractors, products for

skid steers and light construction. stuart: i actually ordered from john deere a new gator. you know what what a gator is? >> i do. we make accessories and options for the product line. stuart: i have a long delay to get my gator, maybe because you can't get workers to fill the job to make the parts for a gator. >> very possible. stuart: it was pleasure to have you on the show. we would love to have awe progress report if you found workers you desperately need. come back see us soon. >> thank you, stuart. stuart: later this hour, getting women involved in construction. our guest is making it her mission to do that, bring them in. i want to know how she plans to do it. ♪ vo: right now, criminals are using the web

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stuart: chipotle got an upgrade to a buy recommendation from rbc. didn't do them much good. the stock is down 55 cents but still at 427. by the way rbc raised its target price for the stock. originally said 450 but upping it to 510 says rbc. now this, eric reid, carolina panthers, malcolm jenkins of eagles clashed before the game yesterday. it was something to do with the anthem protests. i want to bring in jared max, fox news sports guy. tell me exactly what happened. what is this all about? >> before the game, before the

eagles and panthers kicked off, there was a may lay because of coin toss. the eric reid started to play for the panthers a few weeks ago. he had been unsigned. he has a open grievance against the nfl, a collusion brief vans, used to kneel alongside colin kaepernick. malcolm jenkins is on the eagles. he used to protest the national anthem. he doesn't protest the anthem anymore. he doesn't kneel for the anthem while eric reid does. last year, malcolm jenkins said you know what, nfl is willing to work with us. the nfl will pledge $90 million towards social justice issues this is part of a group that malcolm jenkins co-founded, players coalition. let's advance it, if the kneeling is about social justice issues let's work toward this eric reid doesn't want any part of that some concern of reid this was mastermind of jenkins to build his own stature, maybe as a diplomat that works both

sides. we were just saying -- stuart: infighting? >> well -- ashley: well, reid, calling jenkins a coward a sellout. you co-opted this movement for your own, to jared's point to raise your own profile and own status. stuart: we have sound. let's roll the tape. hear what they have to say. roll it, please. >> doesn't have anything to do with disagreement about the players coalition? >> he he is a sellout. >> why do you say that? >> a sellout. >> yes. stuart: sellout. he said it. >> because he wants to play ball. you can insert, old joke says how many blank, whatever, does it take to change a light bulb, the answer is, none. they would rather sit in the dark and complain about it. when i look at this, i say, does eric reid want to move things forward. it looks like malcolm jenkins trying to move things forward. ashley: reid, one of his biggest complaints, that colin kaepernick, the person started all this was never involved in the final negotiations between

the players coalition and the nfl. that was one of his major beefs. taken the guy who this was all about out of the equation. >> he says he is profiting off it. liz: did he have standing to be involved in the negotiations, kaepernick? i don't think he did. >> a large contingency didn't want kaepernick. he didn't want to profit off this, as well as nike creating a ad campaign based around it? ashley: good bite. stuart: save best to last. jared, always appreciate it. they're coming. the migrant caravan is headed to the southern border. it is reports that there is 7,000 strong. i want to hear if we need the military to strengthen the border or just close the border? how do you do that? brandon judd, head of the border patrol will be with us next hour. unprecedented economic performance under president trump. here we go former reagan budget director david stockman is not

convinced. we'll sort him out in a moment. ♪

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swing in an hour. how about that? big tech names. they're not doing much. they're mostly higher. only one lower is google. facebook, amazon, apple, microsoft slightly to upside. got it. we clearly had economic growth. markets hit a series of records. we have record profits for american corporations. by the way the low-taxed states are seeing just extraordinary numbers of new jobs created. florida, texas in particular. david stockman back with us, former reagan budget director and perpetual stock market bear, are you not. >> it is not a bear. i'm a bear on what the fed is doing, of the what washington is doing and collision coming in front of our eyes. stuart: but look -- >> it is important to get this out. this month the fed pivoted to qt, huge, on all fours,

$600 billion. they will be draining out of the bond market. they ordered up a crash, and it will be a doozy is. it is not interest rate going up, 25 basis points that trump is whining about. it is the qt. because all of the central banks in the world are going to follow. europe is out of business. they're not buying bonds anymore after december. china will have to be selling bonds, not buying them to support the currency. stuart: forget about the 4 or 3% economic growth rate. forget about profits and stock market rally. you're saying federal reserve made a fundamental shift and is taking enormous amounts of money out of the economy? is that accurate? >> accurate. stuart: how are they taking all the money out of the economy? how do they do that? >> they're simply allowing their balance sheet which reached 4.5 trillion, to shrink by not reinvesting when treasury bonds mature. that is the same thing as

selling bonds. it is happening at the worst possible time when when washington lost its fiscal sanity. borrowing 1.2 trillion the year we're in. not talking about the distant future. think about this, treasury sells 1.2 trillion in new bond. the fed dumps 600 billion in old bonds. i do the math. 1.8 trillion of homeless debt looking in the bond pits. it will find a home. not at 3.2% yield on 10-year. it will go to 4.5. i don't think this market can stand a real honest interest rate of 4, 4 1/2, even higher. stuart: that is your point. >> that is my point. stuart: fed takes money out of the economy. >> fed dumps bonds in. stuart: we have to borrow $1.8 trillion because interest rates go up because you have to attract lenders. >> markets are always clear. not like the thing will go tilt

and all lights flashing. the market will clear at higher and higher yields. we're now built into 11th year after business expansion. we're six months from a all-time record and deficit 6% of gdp. this is unheard of, in 2000 when we had this situation, okay the, budget was in surplus. even in 2018, it was a minor deficit is of 1%. we have 6% now. we have a congress that won't cut anything. stuart: i hear you. i herd you before. i heard you for years. if i had taken your advice all these years i would have missed out on a terrific stock market rally, wouldn't i? >> i'm not in the stock picking or stock recommending. you are in in the. stuart: you are in the stock forecasting business. >> i'm no sound money, fiscal rectitude, small government, free market, honest pricing. stuart: if i followed your advice, you know i would?

>> you would have -- stuart: i would have missed a lot of money. we constantly get this from big-time bears. the crash is coming, heard it for years and years. always out there. you're going to be right, there will always be some crash of some sort. >> always happens. march 27th, 2,000, the nasdaq 100 peaked 15 trading days, that is not too long, 15 trading days down 33%. they were carrying people off the morgue financially. liz: top of market is in 2015 and still went up. you said the market topped in 2015 and it didn't. >> okay. liz: not okay. >> look it, i am here to tell you -- liz: wondering when will you admit toyour wrong? >> make my point.

liz: wondering when you will admit you're wrong. >> central banks of the world have printed massive amounts of money. it has created a bubble in the stock market. they kept printing long beyond any rational expectation of what they could do. and you know, the ecb did, the bank of japan did and so forth. that is what has created the stock market at this level. but it won't stay here because all the central banks finally realized that they have gone too far. they're pivoting in the opposite direction. stuart: last one. do we get a big sell off that you are predicting next year? >> i think in the coming year, yes. stuart: in the coming year? >> i think we do. >> tying you down to time frame. >> good okay. stuart: thank you very much. now take a look at this. we got a tweet from president trump, here it is. facebook just stated they are setting up a system to purge themselves of fake news. does that mean cnn will finally be put out of business? there you go.

come on in howard kurtz, media buzz hosts. the war continues. seems to me it is kind of good for both sides, isn't it? >> the tweet is kind of a joke. i don't want to take it too seriously and overreact to every tweet. i think president trump has every right to hit back at cnn, any other news organization when he has a specific complaint. but he does it so often i think the risk for him it becomes background noise, cnn, fake news, cnn fake news. you will say everybody's ratings are up, cnn third place cable network but ratings are much higher than pre-trump. stuart: you don't see this end anytime soon? >> this works for both sides. media loves to talk about themselves, when the president attacks, many journalists say it is unacceptable, attacks on free press and they should when he goes too far, defend the profession. certainly working for the president, most of the people

support him don't trust the mainstream media. think the media look at them with great condescension, so we're a very good punching back for potus. stuart: i think we come to agreement on this, howard, you're laughing, that we should have any kind of agreement, but i have never seen such hostility from the media to a sitting president before. granted, there is a great deal of hostility, from the sitting president to the media. that is true. but i have never seen the media behave like this before, ever. >> no, it is absolutely unprecedented and what is more amazing as time goes on, how long it has gone on. it has been three years now since the president became a candidate. and it doesn't seem like it is letting up. if anything, the country is so engaged in politics right now, very polarized on both sides, that i don't see any nows coming. stuart: you know, i appeared, as you know, howard, i appeared on your show, media buzz this weekend. >> yes.

stuart: we were talking about my interview with the president last wednesday. i think you were having a go at me. you were. >> you enjoyed a good boxing match. you were dazzling by the way. i learn you talk even faster as a guest than you do as a host. i give you credit, stuart, for saying the president bears some responsibility for the mushrooming deficit but you said very limited. obviously congress has a big role to play to, part of it we didn't have a chance to get into, trillion 1/2 dollars in tax cuts, so far reduced revenue to the treasury. now he is talking about more tax cuts. obviously not going to happen before november because the hill isn't in session, the problem is, republicans used to really care about the deficit is and living beyond our means. i don't see a lot of voices saying hey, wait a minute, we have to get our house in order. stuart: just wait until the early part of next year. that's when you will see a huge inflow of money to the treasury,

because all those one percenters who live in new jersey, new york, connecticut, illinois, california, they will not getting huge tax refunds they used to get. so the inflow will be gigantic early next year and that will take care of paying for the deficit. >> if that happens, i will come on your show and say you were right. stuart: okay. we'll do that. howard kurtz, thank you very much, sir, see you again soon. >> great to see you. stuart: sure. there was no winner -- here we go, in friday's megamillions lottery drawing. the jackpot now is 1.6 billion. next drawing -- ashley: tomorrow. july 24th since this particular lottery has been hit. 1.6 billion. it could go higher between now and then. fever is growing. got my eye on an island for sale. 95 million. pumpkin key island. 10 minute helicopter ride from

south beach, miami. 26-acres, tennis courts, boat marina. start my first pumpkin, just in time for halloween, pumpkin key island. i'm moving in. stuart: have you spent lottery on these lottery tickets? ashley: i have. stuart: you have how much? ashley: $10. stuart: totally wasted money. ashley: well worth the dreams and -- liz: spent five dollars and one one hundred. ashley: you won 100? liz: on a scratch. stuart: waste your your money. let's get serious. not the 1.6 billion is not serious. china reported slowing growth. markets had their best jump in three years, why? they will have a huge jump in chinese market. why? because china will stimulate their economy. could that be desperation in these trade talks?

i will ask someone who is advised president trump on his china policy, coming up in a moment. tomorrow the national space council and vice president pence will meet to discuss the creation of that space force. nasa administrator jim briden stein next hour to talk about that. i want to know, why does nasa want the space force? ♪ i'm ken jacobus, i'm the owner of good start packaging. we distribute environmentally-friendly packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it?

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at letsmakeaplan.org. stuart: we have such a complete reversal of the market, in space of one hour, we have had a 200 point shift from up 110 to down 61 now. why is that? "the wall street journal" says investors are concerned about slowing profits. that the profits of our corporations have peaked, and that we can't expect that kind

of huge gain in the future. that says, the journal, is why there has been some selling. how about ebay? that stock is down. bank of america merrill lynch has cut it to neutral. the stock is down 1%. got it. how about china, overnight, the stock market in shanghai absolutely soared. it is best performance, one-day performance in three years. went straight up. why is that? well, china promised a stimulus package. it is back into the stimulus business in china. come on in michael pillsbury, the 100 year marathon, the author of the book by that name. michael, this was a direct response, they're getting back into the stimulus area again because they're slowing down, because of the trade war. >> yes. stuart: are they desperate? >> no. i would say they're not desperate. they want to continue the strategy of the 100-year marathon. i talked to some chinese quite recently. they still believe president trump is trying to bluff them

into making major changes in their economy. they often refer, stuart, to a 25 years ago when bill clinton was really tough on china, demanding massive reforms, especially political reforms. he had the house and senate with him. the chinese toughed it out. they found splits, very important splits inside of the bill clinton cabinet and they peeled off the secretary of the treasury and the national economic council. they got goldman sachs involved and they toughened out the stress that bill clinton put on them. the chinese are telling me, stuart, that's their strategy now. they need to get through the midterms. they need to probably get you there first quarter of 2019, not make an offer to trump at all, but continue to hope that steve mnuchin will somehow turn this around. that is their belief. that is why the stock market on friday for them is a very important part of this. they want to sort of smile say you're not really hurting us even though you might think you

are. stuart: so that sounds rather negative about the long-term prospects of some kind of a deal that will get us out of this war. doesn't look like we'll be able to get out of it, does isn't. >> there will be a window. if you want to be optimistic. after the midterms and before the buenos aires g20 summit, that period of three weeks will be the time if the chinese will make a serious offer that covers more purchase of u.s. exports, technology theft, wto reforms. these kind of things. better treatment of our companies in china with investments. if that is the window when the offer comes, then we should be optimistic now. if we get past the g20 and there is no chinese offer, then this story of 25 years ago with bill clinton i think is what will be the dominating narrative, stuart. stuart: so what is your judgment here? a deal is unlikely in the next six months? i don't want to put words in

your mouth, but you sound negative here? >> no, i wouldn't say that. there are some reformers in china, very high up, and i think leo hudd, their chief investigator and chief envoy to us, he has done a lot of work for the reform of the chinese economy. he is a famous reformer, he is not a stalinnist hard-liner. he has the fascinating thing of club of 50 economists. it is 50 chinese economists who meet every year and give ideas for reforms. he is in that. so if those guys can get their way with president xi, let's make an offer. trump is not bluffing, this is going to be a disaster for china. we've got to make a serious offer in the middle of november. if that happens, then, you know, we're all very optimistic and not pessimists but will that happen? i don't know. >> a lot depend on whether the gop keeps the house, or loses

the house, i'm sure china would exploit that. >> china is a frayed of the democrats too. a lot of these democrats are for tear i was are. they support president trump. chuck schumer supported trump within hours of tariffs going on. stuart: i'm glad you're a commentator, michael. you can figure out exactly what is going on. you're very good at it. mr. pillsbury, thank you. >> i wish i had answer for you, stuart. stuart: next case. we'll talk to a lady, she's a welder making it her mission to get more women in construction jobs. do women really want these jobs? she says they do. she will make her case after this. there's a lot to love about medicare.

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i discovered the best-kept secret in construction, i've been on a mission to tell women about these great career opportunities ever since. stuart: what do you do? hold classes or workshops around the country? >> power up is engaging in power and educating young girls and their mothers about careers in construction, pipe fitting, carpentry, welding and much more. power up has academics and hands on activities. a lot of time girls are performing those taskses and don't realize they're performing those tasks. 12th grade girls are invited to power up. we're in five states. we're moving pretty fast. stuart: who funds the organization? who funds power up? >> power up is funding by organizations like associated builders and contractors and their chapters and private donations. stuart: is it apprenticeship program or just training? >> power workshop designed for

pre-k through 12 grade girls. we give the girls opportunity to explore hands on activities typically done in the construction industry. if you want power up programs in your workshop, in your area, you can go to power up.org, and make request for communities to have power up workshops in your area. stuart: do you place young women in construction jobs or just get them ready for it? >> we do both. we work in partnership with associated builders and contractors chapters across the country to bring our workshops to those various states. so we work with both the contractors and associated builders and contractor chapters to make this possible. stuart: welcome, thank you very much for being on the show. you're doing great stuff. there we appreciate you being with us today. come back, tell us how well you're doing in the future, okay? >> thanks for having me. stuart: sure thing. got it. two weeks from the midterms. the president is working hard to get out the message.

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round of investigations and i certainly don't want to hear the word impeachment, thank you. i want a tax cut for middle america, something the president promised on saturday night. and i want to see serious spending cuts. does the president told me about last week. i want more red tape cutting purity talked about that, too. in short, i want more policies which have brought us to prosperity. at this point with two weeks to go there are signs of a shift. the president is gaining ground in nbc, "wall street journal" poll his approval rating has moved up sharply to 47% and about the same station president obama's first term, his rating was 45%. also, think of this. 69 tossup house districts now show republicans leading. that is a switch. not just the economy that has produced a shift. republicans are fired up about the treatment of justice, not in the democrat do-nothing response to the approaching caravan.

for rallies this week already lining up for the texas speech tonight and you can bet this president will be pounding home popular messages on prosperity and border security. in other words, as he races to the finish line, he has momentum and he certainly has energy appeared the third hour of "varney & company" is about to begin. ♪ all right, you heard what i have to say. that scared reaction from moody's managing your john lonski. the booming economy is getting republicans to the jury in november. what you think? >> i think that's going to be proven correct. just as in 2016 the polls were way off when it came to predicting the outcome of the presidential election and the pollsters will be proven wrong again as far as congressional election. the only weakness the

republicans might have as they could lose some seats in these high income tax type property tax states because people are upset over at the factory losing that deduction. stuart: what about friday's gdp number, let's interpret that. the july through september quarter will find out what kind of economic growth we got in that quarter. what's your number? >> three-point 3%. that's pretty good. that's darn good. you have to realize we have a wider trade deficit to get some support by rebuilding and real consumer spending growing 3% you can't complain. >> you know it matters to the average american? jobs. we have the lowest ratio of jobless claims to payrolls on record. i think the markets in good shape and that makes a difference for the election. stuart: i want 4% growth, not 3%. >> the problem is i don't get all the hawks on the federal

reserve all excited you're the one misstep of interest rate hikes. the want to step up this reduction of federal holdings and bonds. the economy grows too fast that means interest rates perhaps rise too quickly and as a result housing is up even more. stuart: 10 minutes ago in that chair was david stockman who said the fed is taking money out of the economy big-time and apple lead to a crash next year. >> i think if it follows that type of policy, the fed has really been kind of dumb. there's a reason for the fed to tighten aggressively. once it becomes apparent that said tightness wayne on market activity, the fed could follow. i don't think anybody's going to care. the dollar exchange rate is doing well and reflect to no worry whatsoever about u.s. inflation to actually keep some

following. the fed could take it easy, take a rest. stuart: bottom line, goldilocks economy and republicans keep control of the house. that's your bottom line. >> that's my bottom line. stuart: thank you very much. let me turn directly and talk about the stock market. right now the big ford shows a 35-point loss. bring in dennis gartman, publisher and editor of the gartman letter. dennis, you say republicans will increase the majority in the senate and they will keep control of the house. you're out on a limb with this one on politics, aren't you? >> i don't think so. mr. lonski has asked us the same opinion a few seconds ago. a lot of people especially the middle class say they oppose the president do when they go behind the voting booth when it's quiet all by their lonesome though pull whatever levered a sailboat

in favor of his policies, republicans. i don't think it's going to be a monstrous move, but does far the expectation is democrats will take the house and i don't think it's possible to take a 23 seats they need. the republican majority in the house will be narrowed, but i bet they hold onto their narrow majority needed to hold onto the committee chairmanships and hold on to the status of our policies come forward. that's a good thing. stuart: if that happens republicans keep control of the house an increased majority in the senate. what happens to the stock market? >> i think it's a post on peer-to-peer market for nine months. people are not aware of that fact that they should be. mobley stocks and enjoying down dramatically. a nice rally last night in china because of what happened last week when they reduce the discounted rate which is a very important move on their part. also making changes in tax policies that's a good thing. if somebody told me last night where i told you that the hang

seng would be up over 4%, how much of the doubt be appeased by 100, maybe 204 was for a few minutes and now it's down 39 or 40 as we talk. i've expressed that opinion here before and i'll express it again. stuart: gives some advice to our viewers. what kind of stock should they be selling if they are with you and think we're in a bear market and going down some more? >> almost anything you have profits then, that's a reasonable expectation. a reasonable latitude to adopt. they are listed on the new york stock exchange in some sort of cash for a while. reduce your positions. that's the explanation i can give you. i'll speak in broad terms of the market rather than her turn as individual entities. i think were in trouble. stuart: but i'm not selling my microsoft and you know that.

>> yeah, i know that. but you should hear usually are microsoft, so your amazon, sell your netflix and go by simple things. i still like the idea of owning the stuff, but even though stocks have been heard in the past two months and are likely to continue to deteriorate i'm afraid. stuart: we are done. then for joining us. very intriguing forecast a db that one. i wonder how that's going to turn out. thank you very much. your credit score could soon get a boost. the company behind the score is overhauling the system, changing it. liz: here's how it works. if you want to get along but you don't have a good credit score, you can say hating soldier franco. that's what it's called. you can take a look bank, the name of the bank are borrowing from in a money market account, savings account, to show i did not overdraft.

this could spur even more long growth. low credit scores could see credit scores go up in chances for their approval for his own go up. they are subprime borrowers who have a hard time getting a loan because the credit quality is bad or even to the bank and mail an application used the ultra- psycho score instead and you pick a cash account. >> they are going to look mark my ability to manage the money as opposed to how i'm spending it. liz: that's correct. stuart: so people score should go up. that'll make a difference. is that good news? they want to make more money. stuart: for big tech companies are google, amazon, microsoft, twitter. they report their profits this week, wednesday and thursday.

they tack on the upside, not by much, but solid gains come especially for amazon at 32 bucks. to look at halliburton. better profits down nearly 3%. hasbro says the tories are up, bankruptcy really heard it fails whether a toymaker and it's down 5%. kimberly-clark makes all kinds of paper products from kleenex to paper towels. they have reasonably good numbers down 3%. it's a down market overall and no matter what your financial performance you tend to get hit in a down market. the migrant caribbean now reporting 7000 people marching through mexico towards the u.s. border. they should be here by election day. up next, talk to the head of the national border patrol council. he supports putting our military on the border but not for the reasons you may think.

tomorrow, national space council will meet to discuss creation of the space force. coming up we'll talk to the head guy at nasa, jim bridenstine. i want to know why it is know why this nasa wanted space force? we are sprinting to the midterms. more tax-cut, we'll see about that. what about legal parts? we're on the story. third hour of "varney" just getting started. ♪ state of the art technology, makes it brilliant.

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stuart: two weeks to go until the midterms. president trump is out there campaigning hard. we are hearing also about maybe an october surprise. blake burman at the white house.

this october surprise, you're talking tax cuts, medical marijuana, what is it? turn a 15 days until the midterms and this is when you get all sorts of policy ideas turn against a wall. you just mention two of them. one of these on fox business in which candidates reform could be who's against us, his timeframe as the attorney general might change after the midterms. the president over the weekend talking about tax-cut that he wants us to know i will tell you, stuart, and people privately concede it's not likely to occur at some point, maybe something down 2019 and see if everything shakes out. as for actual policy the president is giving on this day, he sets out this sweet as it relates to the caravan.

were not able to do the job of stopping people from leaving their country. we will now begin cutting offers substantially reducing the massive foreign aid given to them. a pretty good word to describe that. the last year of complete reporting. guatemala 177 million, and 90 million, at battle of his nearly $420 million. stuart: you could interrupt the flow of remittances by a $.5 billion last year living in the united states. reporter: considering the president today called this a national emergency. to be officially declared national emergency and still waiting for an answer and not one. stuart: blake urman in the white house, thank you, sir.

i want to bring in greta judd, president of the national border patrol council. brandon, should we put the military on the border because that caravan is coming. >> it is. that is awfully big. more than double the size in april. we should put the military on the border. for reason people don't understand when the president said he's going to close down the border, they cut that would enter. he's trying to paint the picture we just have to understand what that picture raise. it doesn't mean they will not cross illegally because all they have to do is step one foot in the united states. even if we had military personnel holding hands across 2000 miles, all somebody has to do is but one put in the united to its illegally and then we have to take him into custody. what it will do is not allowed a cartel to artificially create gaps in the border but then allow them to run their higher

profit products such as opioids, special-interest countries are criminal aliens into the united states. the military will be an absolute boom is on as we deploy them correctly. stuart: what even the cartel's comic ieds creating gaps, how did they do that? >> so what they do is these people coming up in these caravans, there's two places you can come into the united states. or you can, legally between the ports of entry. what the coyotes do is they force these people to cross illegally and what that does is force is made up of my resources into taking these people to cut me. i then have to transport them back to the station and how to process them. that is very manpower intensive and forces me to take the person out of the field and we don't have as many people in the field

to stop the higher profit products such as opioids. stuart: we do understand it's a tough situation. the president called for the national emergency. brandon, thank you very much. see you again soon. this time a day we always go through barrier markets. bitcoin around 6395. price of gold around $1200 an ounce. yes it is. down $4. $12.24. oil comes down around 69. 69 this monday morning, down 12 cents. gas prices, there is good news. creepy lower. the national average is now down to $2.85 per gallon. coming up, we are joined by number one telling cannabis bred in california it's called kim besson. the company which make super cells that were gross that are here in new york for a bit conference invested in part and we're going to talk to the company shortly.

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stuart: the mega millions jack nance at 1.6 billion. nobody won the prize over the weekend. i think the jack i will go up between now and tomorrow. powerball, the jack pot they are is $620 million. before the break we asked you in the rental prices down 3% in the last year. rounding out the top five, new york, chicago and philadelphia event down. the other end of the spec drum, rents are rising the most and fastest pace in riverside, california. rent up 3% from last year. elon musk says the boring company is almost done with its

first test in los angeles. it will open to the public in december. traveling electric powered vehicles, musk says the travel at speeds up to 155 miles per hour. it connects hong kong to macau. 34 miles long, 420,000 pounds of steel in it. now that is a rich and a half. politics and money is what we do. two major stories we're covering. 15 days to the midterm. president trump and himself on the ballot. that's politics. money, big week for profits. is that why the market is now down? politics for money. that's what we do.

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25.3. wait for it. our next guest is the ceo of the number one selling pot brand. number one selling marijuana brand in california. he's in new york for a conference on how to make money investing in wheat. serious come adrian southerland, the founder of canndescent. good morning come adrian. >> good morning. stuart: first of all, canndescent is the brand that sells mostly in california. >> 2017 that's the number one selling brand of flour. stuart: what does that mean? >> far as what we refer to in the industry as the blood, the leaves. >> not the oil, not the hashish, not the edible. the green stuff. the best-selling brand, what's so special about it? what kind of hide you deliver. >> we have side effects. stuart: what is it?

>> kong, cruise, create, connect and charge. to simplify the category make it more accessible to people didn't have to note crazy names. like any luxury product there is form and function in things that develop that differentiate our products from average products like last week you had a wine. stuart: can smokers tell the difference between common with the other one? >> charge. stuart: they can tell a difference? >> definitely. different psychoactive effect. let's talk about making money. you've got a conference here in new york. what you really need to make serious money is to have the fed say it okay at a federal level recreationally. that's what you really need, isn't it? >> taking it up the schedule one where cannabis is currently reside would help greatly with capital formation. but i would say is amount for

newer who's created a window of opportunity because right now the public companies can't play and the historical activists can't really scale. that's a notch for neural opportunity, it is fantastic for companies like sunday. but to get rail access to low class capital, we do need access to the public markets. stuart: but what about an outside investor, an individual who wants to make money in this new big industry, how do you do that? i can't buy stock in your company can i.? >> we are a private company. i would generally say the sox have massive volatility and some are trading up 101 times revenue. buyer beware i probably say the public markets i would focus on some of the etf so you can diversify quite a bit. stuart: okay. you on what piece of this company? >> i am 30%.

>> the number one brand of marijuana selling in california. >> yeah. what's the gross revenue per year? >> will have about a $25 million run rate middle of next year will be a 50 million enclosed the year about 100 million run rate. we've doubled quarter over quarter in the last two quarters. a once-in-a-lifetime category. it's an explosive growth category if you think about alcohol to $1.5 trillion annual sales category. last year regulated cannabis globally dead 17 -- sorry, 14 billion. we are going to cut into that share, but at the same time you have this explosive opportunity in a low data stock. this is recession proof. stuart: walk away from this one. mr. adrian sedlin, canndescent.

thank you for joining us. new numbers show that fewer people eat at restaurants last month. sales were down nearly 2%. let's bring in think tank all, favored guest on this program. he runs heaven knows how many applebee's. what is it, 42? >> it's about 40. stuart: you dropped a couple. what's this? i thought people were eating in restaurants and bars a lot more good than number show at down. what happened? >> publicly all smoking cannabis. in all seriousness coming number of different things going on simultaneously. so the first hit was the tax-cut in the sales increase, everything year-over-year, month over month okay. if you get it down is because it did pick up. when the tax-cut path in which i predict it to you long before they did, we'd get a big shot up

and we did. that's one. there's all these new channels in the business, home delivery, prepared foods, eating a supermarket. three, hate to get into the wages and they are going up and up. fifteen-dollar minimum wage in new york city first of the year. but most people haven't heard a whole lot about a supervisory personnel go to $58,500 minimum wage. first of the year also. a new york state mandate. when there is a divergence between supermarket costs and restaurant costs that may start to open up, it leaves the restaurant business and goes to purchasing at home. with increased wages which we have in the restaurant industry in a commodity market that is

relatively flat so you can buy that in a supermarket. at one point if a te. you know it costs more. as a divergent increases more and more, people give up the restaurant option to buy the food at home because it's so much more lucrative to do that. stuart: it makes a lot of sense. >> all these factors which are frankly negative factors moving into the restaurant. stuart: the city council washington d.c. just repealed that initiative that would have eventually raised the minimum rate for tipped workers to $15 an hour. they repealed it. >> you and i talked about this last time in your shocked when i said a server can make 50, $60 an hour at applebee's. you've asked me that three times because he was a good question and it was something that was a revelation to most people. i checked in new york city restaurants a server can make $100 an hour.

our governor and mayor who really don't care about the people. let's call it like it is. they really don't care. it's all rhetoric. they are in the process of eliminating the tip share for the person who makes 50 to $100 an hour and putting them in the minimum wage. he thinks the governor doesn't care what the recipient fields and will put this thing through as well. and then it was repealed because this makes no sense at all. stuart: your buy me lunch in about 20 minutes. >> i'd be delighted. by the way, today's my anniversary anniversary. i'm spending it with you at lunch. i want my wife to hear that.

stuart: i'm moving on. 38,000 square foot home in los angeles. hit the market at 250 million. the price has been cut to 188 million. we've got the agent in charge coming out. it's actually sitting right here. is he on now? he's on now. local and to the show, sean elliott. 250 million to start with. 188 now. 38,000 square foot home. why the big price cut russian mark >> at the end of the day $250 million is a lot of money. stuart: a lot of money. at the end of the day, $250 million, some things are priceless, right? your marriage, priceless. happy anniversary. so some things are completely prices and you can put a price

on this story originally priced the house fell to under 50 is the absolute best price. offer started to come in. market started to get at the end of the day the market makes the price. so, offers started coming in. we followed the market. that's why were priced at 188. >> what kind of person buys this? significant money? >> not necessarily. someone who enjoys life. train to the things you've heard it come foreigners? >> at the combination. >> i was a 6040. foreigners versus americans. when you think you're going to sell it? >> soon. [laughter] thanks for joining us. we appreciate it. a closer look at that. tomorrow, the national space council meets to discuss the creation of the space force. momentarily i'll talk to nasa's administrator jim braden time. why does nasa one a space force to begin with?

i'll ask the question. two weeks to go to the midterms. president trump campaigning. will it work? looks like it's having some effects. we'll be right back. ♪

>> i'm deirdre bolton live from the floor of the new york stock exchange with their fox business rate. uber wants to take to the sky with food delivery drugs in as little as two years for the ceo says deliveries within five to 30 minutes will be the goal at that point. numerous technical and regulatory hurdles ahead have to develop rules for operating drugs beyond the site of ground operators. x earth day in the first half of next year at the earliest accurately on customer properties, even in inclement weather. a listing for an operation which can help make delivery drugs functional as soon as next year and commercially operational by 2021. a very ambitious timeline. more on "varney & company" coming up.

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stuart: down 140 points for the dow industrials. that means the market is turned around 250 points in total since the opening battle and that's quite a turnaround. we are down as of now. 25,200 is where we are. big tech, all four of them come out of that, amazon, microsoft, twitter come out with their earnings this week in advance of those earnings. alphabet, amazon, microsoft or other.

twitter is down just a fraction. president trump, wow does he have a jampacked week. for rallies this week alone. locations on your screen as we speak. the first one is today in houston lining up for a day and a half in the stadium owns 18,000. yes, he's campaigning for ted cruz is up against a democrat, nato o'rourke. come on in fred barnes, executive editor of the weekly standard. fred, this is my opinion. the president seems to be making the vote a referendum on him. it is all about him voting for or against him. do you think it works? >> i think it works down. they have created this backlash where people want to hear trump. they don't want to hear all this

nasty stuff for democrats go in and harassed diners and restaurants in washington. they chased him out of a restaurant. they try to chase out in places mitch mcconnell the senate majority leader. he's too tougher then. stuart: i saw all of those incidents where republicans, they had a go at republicans. nancy pelosi was cursed out in its same language. it works both ways here. i don't think voters like to see this at all no matter who's doing it. >> i agree with that. it seemed like if you read the media that trump was the only one saying these things. and then the so-called resistance popped out. it has been a downer for democrats, no question about that. and look, you call around republican campaign chairman is

no one in their delighted to see it and it shows up in the numbers. the harassment of brett kavanaugh was certainly a downer for democrats. it's the ridiculous questions and the really nasty charges that fell apart right away, the democrats were certainly trying to sell them. i don't think democrats have created this opportunity for republicans to make some headway were already breaking it. stuart: another issue surfaced and that is of course the migrant caravan. they are in mexico headed straight for the u.s. border. i see that as a plus to president trump because he wants to do something. >> incredible. and that is of course open

borders. i think they'll be afraid of what left-wing democrats will say if they don't. come out in favor of letting these people in. stuart: added that. do you think republicans keep control of the house and maybe extend the majority in the senate? some people are saying that. would you say? >> i agree with the second part. they will extend their hold on the senate, one senator or something right now. the house is a lot harder because there's so many empty seats. i think a lot of these republican congressman who are retired now wish they were running again. stuart: too late now. thank you very much indeed. a couple of individual.

the stock is up about 1%. chipotle got an upgrade with a buy recommendation and by the way, they've got the price target will go to $510 per share. right now chipotle is up $5 at $4.33. nasa chief jim bridenstine i'm i want to know, why does nasa wanted? he is going to tell us. ♪

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my competitive edge. it intelligently senses our movements and automatically adjusts our firmness and support on each side to keep us both incredibly comfortable. it can even warm our feet to help us fall asleep faster. it's great sleep i can feel and see. better sleep keeps me at the top of my game. for this team... and the home team. the new sleep number 360 smart bed, from $999. it's proven quality sleep. stuart: vice president ends meet at the national space council tomorrow. they are talking about creating a space force. come on in, nasa administrator jim braden stein. welcome back. always good to have you on the show. >> thank you, stuart. stuart: why does nasa all about exploration want a space wars which seems to me to be military? >> nasa is no doubt all about

exploration about science and discovery. we don't do national security. we don't do defense. one of our object is under this president is to commercialize blowers orbit in as much as possible to commercialize space in general. right now spaces about $383 billion annual economy. that is a big chunk. it's important for us to recognize that not only is that an important piece of our economy, but important for nasa college also has hundreds of billions of dollars of space assets and humans on the international space station. it's important for us to recognize we need to preserve space for the long haul so we can continue to do science and discovery and there are hostile actors around the world. the anti-satellite missiles which have hit targets in space with orbital debris field with thousands and thousands of

pieces of debris stuart: sent another rocket, are you talking about that? they run our lives, don't they? from internet and all the rest of it. a satellite base. >> when you think about how we regulate power on the power grid or how we distribute data on the electromagnetic spectrum terrestrial easily think about tall towers, for example. all of these things require timing signals from the gps constellations. the way we do communications, a lot of people watching this are watching on directv or dish network or the way we do broadband from space is certainly the way we predict weather and climate, all of these things require space-based

activities. if instead does seem able to predict where the hurricane to make landfall, and what if we had to evacuate an entire state rather than just the area we knew where we did. stuart: nasa is completely separate from the space wars, although your work end quote. is that accurate? >> absolutely. the president for the first time in 25 years created the space council. i sit on the national space council chaired by the vice president and tomorrow were going to convene a meeting and talk about why space is just so important. stuart: will be improved at that conversation. thanks for joining us. the market is down. more "varney" after this.

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anywhere in the country. whew! call unitedhealthcare today and ask for your free decision guide. stuart: look at this. this is pet med express. big rally. better profits. better sales. keep in mind we spend, america, do you believe this? $60 billion a year on pets? liz: 120 billion on president cost assumes tore halloween. made it up. >> do you have believe that? >> i have two dogs. love them. they're spoiled. i work for them. stuart: how much a month do you spend on dogs? >> dog walking everything? stuart: what? >> 800 with everything. stuart: you got to be kidding me. you spend $800 a month on two dogs. liz: i spend 1000. i love my dog. stuart: i'm in the wrongdoing. >> we need to come back.

stuart: get me out of this, i will be accused of anti-dog. low of the day, down 161 points. >> gone to the dogs. stuart: in 10 seconds we've be joined, will toss it to neil cavuto. i bet he has something to say about me and dogs and $60 billion a year. 800 a month, ashley. what do you say, neil? neil: you don't spend that much on people. stuart: true, true. [laughter]. neil: kids are begging for something. no, no. stuart: you're good. neil: try the alpo. we're following that. we're following a downdraft in the market here. what seems to be of interest, according to stocks editor charlie brady the guy is encyclopedia. top-line growth. earning are coming in better than expected. for the case of eight out of 10, s&p 500 stocks, have reported that is very much the case. revenues, that is a different sort of a thing. this first was telegraphed when