good entry. >> when will some realize who do talking for a living wear makeup and microphones they are merely garbage belching hack an they don't represent the american people and that's why president trump got elected. in the first place. i think i hear cnn. i don't hear it. have a great day everybody. cease the day "varney & company" begins right now take it away. >> yes it is a big news day yet again and start with big technology companies. huge selloff late yesterday really spoofed investor and the market here they are today let me have a look a.m. disob is down again. down 40 bucks this is premarket. it is back to the 1400 dollar level. apple is down facebook is down. alphabet is down and microsoft just turned lower across the board, big tech lower again. have a look at overall market how will that open looks promising not that promisings

dow up maybe 18, 19 points but you know with this extraordinary volatility you don't know where this market will close. remember there was a 900 point swing on dow just during yesterday's session. and president trump he's tweeting about the market look at this. stock market is up massively since the election. but is now taking a little pause. people want it see what happens with the midterms. if you want your stocks to go down, i strongly suggest voting democrat. they like the venezuela financial model high taxes and open borders that was from president trump minutes ago strong stuff. ge issued its financial report earlier, with the news is not so much about profit or loss it is about the dividend once it will pay a dividend of just one penny per share premarket is below 11 dollars share. politics -- we've got a boll shell there. president trump is considering an executive order that ends the

right to citizenship for children born in america to noncitizen parents. it is another message to the caravan people don't come. mr. trump told laura ingram last night they're wasting their time. they are not coming in. one week to the election, president trump reelection campaign has a new ad touting economy. you're going to see it and president will speak at 11 rallies by election day. where does he getting in? "varney & company" is about to begin. lots of news today including on real estate, the important detail we want is home prices what do you got? >> year over year up five and a half percent we're talking about august going back a couple of months but that is not what was expected and slowest growth in nearly two years -- stew, with what we're seeing is that sales are flat to lower now

prices are starting to reflect that and prices are starting to slowdown as well. again, las vegas, san francisco, you saw the biggest gains year over year but overall prices are starting to slow down and come down. real estate not doing well. >> main drag on u.s. economy right now in the latest gdp reports and even existing home sales account for 90% of the market were september in three years and longest streak in four years. >> mortgage rates don't help either. but the fact that news cam out right there at 9:00 -- futures turn negative. yeah we have been up maybe 20 point now down about 20 points so that had an impact right there. a very rough road for big tech names lately. they were down really sharply, yesterday on news that the brits are going to tax them. most importantly, with they're going to tax revenues, maybe taking 600 million dollars a year out of american technology companies. joining us now is steve hilton

host of the next revolution on fox news channel. steve, it may be a big money grab i think it is. it may be tech envy i think it is. but i also think it is inevitable what say you? >> i think you're right. in fact stew i think it is surprising that it has taken this long. because if you nod press in the u.k., years now -- you've had story after a story about these giant tech companies making huge 5789s of money sometimes hundreds of millions of pounds of the story say in the u.k., out of that market, and paying in some case just hundreds of pounds. now it is not just a tech company that have fueled this resentment actually but american companies generally starbucks included in the list but whaing you've seen and this is my message to tech leaders like larry paige and jeff bezos and mark zuckerberg you reap when you sow you've gone out of your way to -- minimize your tax using every trick in the book, and you have

fueled resentment against tech, against globalization, against business generally and against america. i'm surprised it has taken this long to do something about this. >> i think the rest of the world is trying to come together on a unified digital era are tax it is the brits who are leading way saying we've been talking long enough. everybody else is going to follow suit. i guess the job now for america is to limit the damage to our technology companies. if that can be done. well actually i agree, i think crucial point is one you've made and i remember when i was working in the u.k. government -- george osborne who is treasury secretary equivalent there, he took the or very seriously and was trying to work to get international agreement about tackization to modern ietion global tax system to take account of the way technology funds and other global companies operate that's never happened but that will be a really useful role that president trump could play. and the u.s. administration -- to try to get a more sensible

system and that would pre-empt countries from taking this kind of unilateral reaction in response to public opinion. i want to get a bit more on big techs and performance recently david dietz is with us. you can see on the screen right now, had is stocks price as of now premarket. are these companieses on sale? i'm not taking the base here, stuart, i mean, amazon sure down it 25% but year to date up 2.the 2% and netflix up and google up more than 20% and microsoft so not really on sale but a change over the last couple of months we've seen investors move towards dividend pay, slower growth companies with better evaluations i think that will continue and your two big gorillas facing higher interest rates we heard from housing report here to stay these are ultimate long duration assets are hit hard. >> yeah. but look it is the tax, the

british tax and maybe later the european tax and asian tax and latin american tax that's what's bringing them down, i mean, the brits may be taking 600 million bucks a year -- out of the american technology companies, and that's just the brits. i think it's -- the big negative, and huge. once one country does it they all do it they won't waste. they want the piece of the action. the taxes the privacy it is data breaches all of this rules and regulations are coming after them and it is not pretty. >> i think it is three company miss or particular which are facing the british tax and that will be amazon, google, and facebook. the damage is biggest there. i'm astonished to see and amazon this morning down below 1500 a share that means the down 550 bucks for where they were just a couple of months ago. >> mr. bezos another 2 billion it is awful. [laughter] >> you know what i mean. i mean, it's a huge selloff. like talk to me about ge -- you were supporter of ge they've

come out and said diffed send now one penny a share any hope for them? >> it is mixed i'm still happy that they cut dividend because that shows a break with the past, if you're a employee for ge you're going to target on your back to really go through cost cutting on the other hand, they really haven't laid out their plan. hope we're going to learn more in the conference call and not learn about it until after the first of the year but i love larry you've got the job done. >> did you buy ge at 12? 15, i know i'll be a i believe to reduce by taxes beef the end of the year but -- aloft perhaps. but i still like the sentiment is so negative i like the fact that they're making a clear break and he's a proven executive with a lot of skin in the game. sentiment is terrible, now people are talking about it and equity race so everyone hates ge and sometimes what is most hated can do the most for you on the stock market. >> we'll let you off with that. mr. dietz thank you. i want to get to immigration,

because that's the big story of the day actually. apart from big tech listen to what president trump told about ending birthright citizenship roll tape. >> only country in the world where a person comeses in, has a baby and baby is essentially a citizen of the united states for 85 years with with all of those benefits. it is ridiculous. it is reare dig louse and it has to end. all right steve hilton still with us a how does this play with with the election a week away. b, do approve do you make this change by executive action you have a lot to go at, steve. >> all right let's attack it in order in terms of the political impact, i think that it will do something that is in the interest of republicans. which is to shift the political agenda and then use agenda on to a topic where they are strong. and that democrats are weak. so in purely political campaign management terms, about if you with like, it has a smart move

although reading between lines this wasn't something that the president proact aively put out there. this was actually something that the reporter had heard about and took to him, however, i think impact will be helpful to republicans because the more that people are talking about immigration, that better it is for president trump and the republicans. in terms of whether i agree with it, i think that -- something i feel very personally and i know you do too stuart is that u.s. citizenship is a privilege it is not a right and something that you should have to earn. i don't -- i'm working with towards that i'm hoping to start the process. next year, actually and i would love to come to talk to you about. i know you completed it and it is so precious and shouldn't be handed out schismly by being here. i think that -- the constitutionality of it is sting that lawyers will argue about. i've seen both sides make the case just today. that way the constitution is written, with not intended to

cover people who are just here short period of time it is supposed to cover the -- the citizens all a lawful residents here longer than that. but overall key point is that this is a huge privilege probably greatest privilege of its kind in the world to be a u.s. citizen it shouldn't be happened out lightly. >> i hope we can get together soon. great we'll see you. enings thanks stew. i think we better check futures again and turn ited south. literally few minutes ago we were up maybe 20 points now we're heading lower. pay attention please to the nasdaq home of the technology companies. down 39 points. that's another half percent down after whopping great big decline yesterday. big tech is not settled yet prurp reelection campaign released a new ad. the president, however, is not in it. his nail is not in it. you are going hear it right here. you remember this, scene a kraimgous scalise shot by a man

upset by trump winning election. steve scalise is on the show and ask him he knows all about it. toxic politics. should ask questions. is our money in the right place? what am i really being charged? and is it eating into my returns? is my advisor a fiduciary? is he always a fiduciary? 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 know, when a company issues a rosy forecast about its financial future, usually that's empuse for the stock and certainly good news for underarses more they did that this morning up 15% big rally better sales at coca-cola they've got a boost from diet sodas but not much change for the stock it's at 46 a share. now this, new york senate candidate she will and incumbent debated immigration. look at this. people are calling it caravan i call it invase. i don't support open borders and neither do democrats but they have an immigration crisis so we need to fix our broken immigration system but separating children from borders

is immoral that's what this president has done. >> all right well joining us now is she will farley welcome back to the program. good morning, ma'am. >> it is great to be here yes that debate was a fantastic debate. >> but i have to bring up today development which is is president trump saying, no more birthright citizenship. are you in favor of that or not? >> i am in favor of that. i think that this is the kind of thing it is. it is a privilege to be an american, and i absolutely think we should did that but what is astangedding that my opponent senator gillibrand is in favor of medicare for all. how do we pay for this a 32 trillion cost. said previously that she was wanting to abolish i.c.e. she didn't mention that in your debate. >> well she actually is walking it back it is part more of her flip-flop where she says one thing and does another in the debate she was asked point-blank will you serve out your full six years she said yes during the debate. she would serve six years then in the q and a afterwards with media we're talking 15 minutes

later she said i intend to serve my six years, and then with buffalo news next day, she said well we will wait and see. which is it? >> i want to run for you the ad -- it's the president trump reelection campaign that has put this ad out that spent 6 million dollarss on it. to get republicans elected, obviously. roll tape let's see it. >> when i look at the way things are, it reminds me how far we have come. these numbers they are -- [inaudible conversations] growing even more slowly than we thought. things are starting to change. there's more opportunity shell, add does not mention president trump is gop trying separate itf from the president who may be unpopular in some places? >> the ad was a brilliant idea paid for by the team and it makes a lot of sense we e need

to tout the economy and doing spectacular under this president and somehow that message is get lost. that ad highlights it in an absolutely is brilliant stroke. >> the president is -- embarking on 11 rallies between now and election day. but he's not coming to new york. j i know, why not? so please come to new york we need you here, it would be very helpful, and i appreciate having the president support and i'm looking forward to my endorsement tweet. [laughter] >> shell thank you very much forking be us this morning. we appreciate it. thank you. all right. we've reached out to incumbent deer stand and not heard of it yet. special election coverage begins at 7 p.m. that is november the 6th. obviously we're on it. as wees like to say -- we'll be there. check futures turning south -- look at that doubt down 50 points but that nasdaq technology stocks -- down 59 points that's almost one percent down.

charles payne will be on the show in the 11:00 hour this morning to give his take on the markets. i have to talk to him about this. look at that. it was on fox and friend this morning. is that a bowler hat the man is wearing he looks like a james bond villain a -- odd job i have to ask charles payne 11:30 this morning about that hat. and a whole lot more we'll be back. i am a family man.

i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome.

president trump heads to pittsburgh to visit with victims from the synagogue shootings blake burman is at the white house for us and not everybody is happy about the president's visit. >> that's right there stuart. there are tens of thousands of people in pittsburgh who are signed on to a letter that was crafted by many jewish letters in pittsburgh who say that prump is not welcome in that city until he fully denounces white nationalism the white house says president trump has done just that. the mayor there in pittsburgh says right now their focus is not on the president going instead their focus is on the funeral the first three funerals will take place there as later today as president arrives in pittsburgh as well. the -- the white house is saying that this is not a political trip. they say that president is simply going there to pay his final respects president trump said as much yesterday when he

sat down with laura ingram for interview say that is the reason for his visit is to pay his respects to jewish community as for president's schedule stuart we believe that the president will first head to the tree of life sin going and then after that to the hospital for many of the victims are still recovering from saturday's massive synagogue shooting. blake thank you very much. it is a whirl wind travel schedule for the president leading to election a week from today. 11 rallies scheduled. is that right? >> i just look at this like who on earth could do this but the president? begins tomorrow in fort myers florida and then on thursday columbia, missouri, and pix up on friday he's going to be in hanting ton, west virginia, minneapolis on same day into saturday, november the third, montana way up there on high liner they say and pensacola florida on same days and two days out from the election some date november the 4th georgia, chattanooga, tennessee on monday november the 5th it shall

cleveland ohio. fort wayne, indiana, cape missouri three rallies on same day day before the midterm elections 3 p.m., 6:30 p.m. 9 p.m. it is an amazing -- travel itinerary for anybody but for the president who loves rallies -- he's out there. >> suzanne knows a third of the president's age. astonished. i don't have as much energy as he does but reminding me of 2016 crowds love him and he feeds off their energy and i think he helps propel voters to polls. >> i think so, and he's going to states florida -- and montana, where there is tightly contested senate races, and governor races in missouri and ends of missouri. case closed. let's have a look at the market where are we going in five minutes time when we open up we're going down on the dow s&p is down about 4 and nasdaq technology stocks taking it on the chin again by the looks of it. stay with us we'll take you to wall street in a moment.

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and down a total of 900 point that was the win yesterday alone. probably expect not as something similar but more volatility cede is really baked into this cake. 7 seconds we open the market and looking at futures, flat to lower for the dow. but way down again for the tech heavy nasdaq e here question go 9:230 eastern time and tuesday morning, we open with with a modest gain 40 points up. 32 points up. 33 points up that call this a very modest gain. flat to slightly higher, thus far today. all right that's the doug. virtually unchanged, in fact, he just -- i call that unchanged now show me the s&p 500 please. broad or indicator virtually unchanged with a slight, with slight bias to the downside all right here it is. the nasdaq that's the technology indicator of the day, and it is dun a full half percentage point barely above 7,000. a loss of 39, 40 points that's a

drop in half. you have to check the big tech look at them go down again. facebook is at 140 amazon below 1500 it was down 60 bucks and alphabet barely above 1,000 a share. and microsoft back to 102. quick story on ge, the golden stock of years gone by but not today. ge is slashed its did i diffed d pay one penny per share down 5% two dow components reported profits before bell today coca-cola barely changed fisa down 3% what a day. joining us dr barton suzanne and ashley webster. you've got to start with big tech like a broken record but you have to start with them. brits plan to open a digital tax on our american technology companies. jack, i say this is bad for business, it is bad for the tech and that's why they're down again what do you say? >> like a new yorker get ation speeding ticket in south

carolina they can use the money and hey and if you complain you're a new yorker it is south carolina. top five tech companies generate about 200 billion a year in free cash flow. well that's ire resist to believe europe because they don't are have companies like these these are so powerful with their network effect and look for every country to stick their hands in pockets of america tech giants. not just europe but asia also want to get into the game latin america, i think there's -- there is fair is fair to be able to get the right amount of revenue for their country. but there's looking to be some double tackization here and i think commerce secretary ross and others here in the u.s. need toe step up to make sure that these countries don't cross the line. >> we've got to negotiate -- we have to negotiate the right number. because it is coming i mean -- a digital era tax is coming so -- >> no matter how much they generate that is money taken away. sure a lot of money. seeing that facebook is reporting after the bell as you

give out cost, and how they manage a global regulation even with this new u.k. tax. smtion real fast on screen right now, dr do you see any bargains there? >> i -- i all of these stocks -- stuart right now i think there's a cautious flag up, and i want to see a little up turn in some things not trying to bottom pick here. but if you look at we're going to be talking about facebook this afternoon. 33.4% year over year growth. of revenue where else are you going to get those kinds -- if it dropped to 20% year over year growth through next couple of years that is still amazing. these are still the companies to be in. >> i have to ask both j.c. and dr jack you first. if it is not an absolutely stellar report from facebook, and/or apple, this market heads south some more what do you say going to be stellar? >> for sure i like the value and facebook long-term. i think it could be a rocky quarter for them because they're going headed to it a transition under hood in how they present

advertising to their users. >> i own pouk. you bought it once i'm the not going to ask. >> i bought. under hundred. >> how long ago was that because you're still down. smg look at that chart in the last report card as well look at that chart. that chart is ugly and i have -- i have played with getting out a couple of times except when i've done -- i think in all of these is adding on the way down. >> wit a second you're not getting out now. >> not get out now. i think bigger report stuart is apple if facebook stumbles they'll say they're getting bad press if apple stumbles that will hurt broader market. now we have lots of negatives for this market big tech in particular but there's another one surfacing this morning. and that's europe i hate it say what happens over there effects over here butst there's a warning sign first looking at the third quarter reading gdp in europe is coming at 0.2 slowest gross payment and standout was

france that grew in third quarter 0.4%. italy 0%, and initial jots look for the fourth quarter even worse. so europe is really struggling to get anything going, ecb is stuck to tighten monetary policy but can't because economy can't get going. >> dow is up 30 points i think that's worth mentioning on this -- otherwise negative day up 46 points we'll take it. general electric they've cut dividend paying one penny a share as it bottomed at 1078. this is tough one stuart i would love to invest in this just to break out. breakup value aviation health still growing. they still make a lot of the best stuff in the world. but i -- i just can't bottom pick them her because it is tough to break this company up. so much debt to fund big pension they have, i don't see where i'm getting value. >> but there's going to be a lot of people who say ge at 10 i'm a long-term investor it has to go up from here. couple of years they have a lot

of people saying why are you so skeptical? >> they said that months ago and years ago nowing to is the a -year low. and this is, you know, people say it is a dinosaur the bulk of their business is still low margin power driven and that's -- all true. >> my concern old industry. what i know from those they tell me big segments are not competitive. the products are not as good as competing product. and they've been using aggressive finances to help solve them and that's a problem. >> nine year low dwhriewr looking at 1090 as we speak. check the big board we -- a bounceback because it is not it is up 30 points all we got. 24,400. individual companies, first off higher profit at etna high profit and revenue as well. virtually no changes up 20 cent os and a 195 dollar stock. sales fall short at muddily they make oreo cookie and raft of other stuff that you buy in grocery store the stock sup 3% at 41 and better profits at bp

when crude price were strong they did well. the stock is up 2.5%. but check oil prices right now. way down today, you're back to 65 dollars a barrel off 2%. here's the good side of that. the price of gas keeps falling. for 20 straight days it is gone dun and national average is now 2.80 per gallon. twitter, reportedly set to get rid of its like feature. what's that all about suzanne? >> heart shaped button you click on if you like the tweet basically jack dorsey he wants to foster more conversation more debate and he doesn't want to basically -- encourage people to just want to garner likes and the click on that -- that star like and heart shape button changed from a star three years ago. >> i'll steal your point. okay. go ahead. to know something about this. as i understand it, you get like if you express an extreme position so if you get rid of

the like button less extremity in positions taken is that -- >> considered most loudest -- and extreme messages and conversation is if there's no way to respond by just a real quick like, maybe you have to say i agree or if i like this point. or that you would have to give some verbal feedback instead of just pushing button. >> let me show you apple again, they report tomorrow after the bell. and by the way, they've got a big event in brooklyn, in the next hour. i'm sorry you're right i'm sorry you're quite right thursday after a the bell but they have a big event in brooklyn as of right now i think -- what do they got a new macbook? >> ipad -- basically accessories but no phones which basically is drive two-thirds of their revenue so this is manufacture a -- i would say glam event. we have tim cook here in brooklyn. let's see what they unveil but moving more towards a service base model.

getting headlines around 10:00 i believe so. i've got tesla -- [laughter] that was the stock that went with up in nasty market they virtually unchanged today elon muck says he gave up his titles. here's the tweet. deleted my tesla titles last week to see what would happen. i now the nothing of tesla. seems fine so far. what was that is he trolling fcc is that what he's doing? >> i don't like company chiefs say crazy things on twitter for that matter -- i don't like it, with i don't like when my politicians either. i must say but look among company chiefs you were someone who wanted to do this, you the better have free cash flow and business success to back it up. tesla is still very much a story stock and story isn't over yet about whether they're going to be able to deliver cars, in volume at profit. >> can we put amazon on screen again please because i believe it is a real selloff look at that. it is down 1,487 down 51 bucks

that's another 3%. you still made money on the the year. i think it started off year as closer to 1100 or something like that. which is when i bought by the way. >> how many people -- you're brilliant how many people bought it at 15, 16, 17, 18 and to 2,000 dollars because so many people were saying it is beginning to the moon. and a there's not -- >> i would say portfolio managers are are down given selloff that weaves seen so maybe there's a rotation back from growth and value finding some yield to make up for losses. >> trying to do math and i see amazon down more than 500 dollars from all time high. >> yes, and that's losing about -- 250 billion dollars off that trillion dollar evaluation. stocks have been the only answer to every question for ten years. but the first time in ten years favors get 2% from their bank, and that number is moving to 3% in a year. you can bet when it hits 3%,

more people are are asking themselves should i take some money off table in stocks. >> what a day. i tell ya -- jack dr both thank you for joining us it is that time when we move on. show me the big board look at this we're up 60 points. just above 24,500. president trump wants to reduce the cost of prescription drugs. i want to know how he plans to do it so i'll ask health and human services secretary alex the question, and you know, twitch -- twitch tv right you know it i don't know much -- i have to tell you about it. it is amazon video game live streaming platform well they have a huge convention called twitch con that turnout was massive we'll get into it a whole new industry is right there and president trump sends thousands of troops to border he says they'll start those migrant caravans former army lieutenant colonel will tell us how he feels about that. next.

we've got a rally not hugely strong as you might say up about a third of one percent. about 100 points up for dow industrials. best buy along with others, expanding its toy section, tell me more please, lauren. >> that's unlikely player here stuart in my opinion they sell drones and video game and toys like that but i don't think of best buy and barbie and hatchimal and nerf in same sentence but what happened to 27 billion dollar toy industry are is that, toys"r"us out of a game and without a major player so unlikely players include best buy are trying to come in to fill that void and you have party city opening up toy city and wal-mart and target and kohl's, and you name it

expanding their offerings trying to get some of that 27 billion poi and grandmother doesn't know where to go so add best buy to that list this year. >> thanks very much. good story. thanks. all right president trump is spending thousands of military people to the southern border to meet the migrant caravan. or caravans floral, he says those people they're not getting into the country. roll tape. >> we have millions of people coming in, they're applying they're coming in legally we have a strong border i had called up military this caravan is not they're wasting their time they are not coming in. what's had the military -- >> they catch and release we're catching we're not releasing so they want to come over but we're not doing that. we're not letting them into this had country. >> joining us now is james with the heritage foundation, this is risk here with troops on border. i realize not all of them are

carrying weapons heavy duty weapons but there's risk of a physical actual confrontation in which somebody fires a gun. that's a risk, isn't is it? >> well people throw rocks and fire guns at the border ever day and border can be a not safe place and there's been violence in the caravan with a mexican police amid confrontations. with the -- with the members of the caravan i think there have been reports of deaths as well. but remember that's not the purpose of why the military is sent to border they're not there to provide physical security. they're there to back up the border patrol so that border patrol and the agents of the board crossing points can do their job. >> incaravan or whom so ever is with them can be provocative and might not be just throwing rock ares you could get gun poir and that is, would be provocative indeed. how do you feel about the use of troops on the border?

this is not impressive one of the missions that they have is the u.s. military command responsible for north america is to help deal with -- crisis migrant issues so it is not unprecedented and it is not unusual if there's a public safety or deadly force incident at the border, likely the peel that are going to respond to that are law enforcement and border patrol. it's not going to be the u.s. military. >> the president laid down a redline, and redline is the border. you can't cross that's pretty up fattic isn't it? law here is pretty clear. we've deployed militaried a border before what they do is -- pretty clear cut. the legal responsibility that the federal government has at the border are not new so there's a lot of attention on this and a lot of rhetoric is loose but in terms of -- , of course, it is not business as usual because extraordinary number of people that could potentially show up.

but -- this is -- this is not unusual and -- remember they're not there yet. i mean, by some estimates there's several week withs away. so the u.s. military deploy and all of that had time to train and establish coordination everything so this is not rushing people to, you know, prevent people from scaling law. >> we've got it james thanks or for joining us we'll be in touch soon. thank you, sir. check that market we're off not that much. and it is a triple digit rally as we speak. senate candidate marsha verbally attacked dug a moment of silence for pittsburgh shooting victims. it has come to this -- i'll talk to her about it she's on the show, next. moving?

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we're going toib keeping firm check on amazon sock price today all over the place way down yesterday, down to start today. coming back a little, is just gone back above the 1500 level let's get back to politics one week to election and senate candidate marsha burn verbally attacked during moment of silence during pittsburgh shooting victims. roll tape. [inaudible conversations]

that is absolutely appalling is it not in and joining us now is marsha blackburn herself that's awful it is cool to this. >> it is awful indeed, and for them to call me name and shout out during a moment of silence when -- all of those assembled were remembers victims and expressing gratitude for law enforcement officers who had responded so quickly it is appalling, and their conduct is despicable there were 7 protesters that had to be removed from this event. and there were three tharm that were charged with assault and you know stuart we just -- my opponent phil is leader of the democrat party, these are individuals that are being encouraged they're coming in and they're disrupting and, we've had a lot of this tone during the entire campaign. you have one of my democrat

colleagues who said i should go jump off a bridge commit suicide, another compared me to water boy. you have one of my opponents a spokesperson that said that -- trump supporters in tennessee were expletive idiots and weren't worth the time. >> i call it appalling just leave it that for a second so much for civility in this race. i want to bring to your attention sure you see it already president trump reelection campaign released a new ad supporting, obviously, republican candidate. but it does not mention mr. trump by name. we're going to run it on screen so you can see it but no mention of mr. trump. why? >> i like the ad. i saw it this morning and i have to tell you i think it speaks to what i call the big five. face family, freedom hope and opportunity, and it's very or similar to ronald reagan morning in america ad. when things are looking up, with

the my is better, security feel more secure in their community, they like the trends taking place in dhrnt because we all want better days for our children and our grandchildren and this is those hopes and dreams and the the accomplishment of republicans in the white house, the house and senate, things are on the right track. that is what americans is definitely what had tennessee and are wanting to see. i think you have a small lead in polls with one week to go. marsha blackburn thanks i'm sorry hard breaking you know how it is coming up. marsha always a pleasure thanks for being with us today. >> good to see you we have reached tout her opponent former democrat governor, he declined to come on the show. all right, phone makers -- they want to change your phones real fast. obviously they like turnover but they're not doing it. how long are we holding on to our phones?

>> 2.83 years to upgrade your cell phone that's up from 2.39 year just two years ago. and reason pricier sales and phone carrier and ended of the two year contract and can't upgrid after two years. and yeah this is led people to i guess cope their phones for longer. interestingly enough apple -- iphone users hold on to their phones longer than android users. but this is good for carrier phone carriers because if you're upgrading your phone less, that means there's not as much turn which mean use don't switch contracts every two years so good for life of at&t and verizon. >> i hate change i don't like anything new. >> flip phone for you. >> change -- [laughter] i do. i know. most people do. >> if i get a new one it takes me decision months to figure out bells and whistles. aye icloud password trump are

is considering executive order that would end birthright citizenship that mean just because your baby is born here, doesn't mean he or she is an american. this is a big deal. mr. trump is determined to avoid what i call the angela merkel trap my take on that is next. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches e. . only with td ameritrade. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help.

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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. stuart: 10:00 here in new york. the markets are up. i have to say this every day. how the market closes this afternoon, i have no clue. i can simply tell you it is up right now. we have breaking news on all important indicator consumer confidence. ashley: 147.9. i always say that is means nothing to anyone, that a lot of people are confident. we hate 18-year high on consumer confidence that is revised back. it beats the dreaded estimates,

stuart varney. consumers are in happy frame of mind. stuart: that is helping the market. susan: trend spike from october, heading into the midterms. that might be positive for the vote. stuart: looks like it is positive for the market too. now everyone, this. the president is considering an executive order that would end the right to citizenship for children born in america to non-citizen parents. in other words you're not an american just because you're born here. this ties in with the discussion about the border and those approaching caravans. it is another way of saying, don't come. president trump is determined to avoid what i call, the merkel trap. that is, the german chancellor's cave-in to the million migrants who hammered at europe's door three years ago. she let them n. disaster. europe changed forever.

germany sharply divided. angela merkel stepped down from the leadership of her party. she is driven out of politics. the president is adamant. that will not happen to him. he will not cave. he told fox news he will harden the southern border. 5200 troops will be sent. speaking of the caravan people, we're not letting them into this country, emphatic. timing is remarkable here. europe's anti-trump leader, angela merkel is brought down by her open border policy juts as president trump takes firm action against open borders here. he is not falling into the merkel trap. the second hour of "varney & company" is about to begin. ♪ stuart: by the way also happening this hour, apple is about to unveil some new products. they're doing this in brooklyn, new york. the first time they're holding a

product launch outside of silicon valley, california. could be a new ipad pro. could be update on mac computers. could be a new announcement about music since it is being held at the brooklyn academy of music. tim cook just took the stage. any headlines or news we'll bring them to you real fast, that is a promise. my editorial at top, president trump planning to sign an executive order to end birthright citizenship for children born to non-citizens in america. general question first of all, how do you feel about ending this practice? >> i get the motions of the president but he will get a constitutional challenge. stuart: oh, sure. >> i'm sure our colleague, judge napolitano would have a lot of thoughts to say on this, but i get the president's frustration. he cannot take this route. there is no way of fixing this, congress has to do its job.

anytime there is shortcut. next president will overturn it. you will see something in the supreme court where they overturn this, i get the frustration, congresses has to do the job, pass the lot. stuart: how do you feel about it? supposing this happened, executive order worked, go you there court challenge, these people, illegals who come to this country, their children born here are not american citizens, how do you feel? >> i think it would definitely cut off the legals -- stuart: how do you feel about it, as an american? >> i'm also a constitutionalist too. so i believe we have to, that is the only thank that will keep us in place today. there is so much anarchy on both sides. and i have to believe that when the founders created this, that they knew what they were doing. i think that is a bad move by the president. i get what he is trying to do. sending troops to the border i think was potential good idea because they're able to help with the technologies, they can't fire any shots or anything, can't do any arrests but help with the technologies, with the border patrol need help

with. to pass this, you can't do that. you can't do it. stuart: you're opposed to it? >> i'm opposed to it based on the constitution. not that i don't get where the president is coming from. ashley: it is interpretation, is it referring 14th amendment refer to people legally through green card or citizenship being from the united states or does it include anyone who sets foot on u.s. soil? that's the debate. >> i think that it includes anybody that touches u.s. soil, which means we need people to do their job to stop them from coming here. that is the real problem. you don't get to put a bandaid on the issue. solve the issue. if you want comprehensive immigration reform get that done. we have nobody to blame but congress. stuart: you said you approve the troops being sent to the border. >> anything we need to do to hold this line. stuart: wait a second. you're a libertarian. >> i am. stuart: troops go to the border. some of them will have guns. they could be provoked with shots or whatever from the other side. >> they're not going to do that

they're not going to do that. stuart: how do you know? >> because our troops understand what could be be actionable. stuart: wait a second, 1000 charge the border in the open desert and border patrol trying to push them back. >> they will not be directly on the border. they can't do anything but help out from behind the scenes. they cannot engage. they can't engage. and so, this was really a show of force for the president. it is more symbolic than actually doing something. this is the president said, look i'm not playing any games with these guys. i'm sending troops to the border, so you guys understand it's a big issue for me. as far as the troops engaging, come on, these are experienced guys. these are measured guys. they understand the acts of engagement that the military designated for them. i don't think we will engage because they can't legally. stuart: drink some more coffee. ashley: if the caravan knows that then they are not going to

be intimidated by troops not doing anything. stuart: that's a good point. >> they don't know that. stuart: they will be told. >> they don't even understand the legal process to get asylum. many of the people will just want to go. ashley: yes. stuart: lawrence, you covered one of the big stories of the day. thank you very much. lawrence jones. that there is another big story, big tech, demise of the stock price. amazon is down again, 13 bucks lower. apple holding its own. facebook, alphabet, holding its own. microsoft down a bit. it has been a tough time for u.s. technologies companies. why? because the brits plan to introduce a special tax on american technology companies. i think we should introduce an american who happens to be doing business in europe right now. his name is scott shellady. you people over there that is messing up our technology companies. take responsibility, young man. ashley: back in chicago. stuart: he is in chicago.

oh, i'm sorry. [laughter]. >> for a short time. listen, stuart, here, i watched the show earlier, redowned european numbers from the european countries how bad they stink. here is what i think. the u.s. companies could have done a paid a little more tax to stave off this monster for a little bit of time at the end of the day they're looking to find money to pay for their own problems. they have gone to our big tech. they're in trouble. brits are on austerity measures right now. how many other european countries are in the middle of austerity? this smells to me a little bit. this is not smash-and-grab. it is smash and steal. they need our money to pay their problems, get out of debt themselves. that is what i don't like about it, if they were doing well, gdps on fire, they did something like this, i shrug my shoulders, but at the end of the day, they're not coming from a position of strength, they're coming from a position of steal. stuart: that is your opinion. tell me more about europe.

ashley reported a few moments ago there is a real slowdown all across europe. they're not growing. you can confirm that i'm sure? >> i can also say this, let's watch the ecb and draghi back step themselves out of the problems he got himself into because he will stop the free money and take away the punch bowl at the beginning of next year. he will not be able to do it. next three months for him will be very, very difficult. he has a problem and he painted himself in a corner, stocks are a problem, whether oil, fold, you see them continuing to go lower, am i right? >> gone from buy the dip, sentimentality is buy the dip, sell the rally. we need to hold the rally to get this thing to stop. until that happens we'll be continue to be in this malaise. facebook coming out tonight, doesn't matter to me. if they miss that will be bad

but if they meet or beat market expects that that. that will not stem the tied. we need the stock to move out of weak hands and need to hold on to some of the rallies. i say this, you have a lot of guys talking about normalization, normalize interest rates right? if you normalize interest rates you normalize volatility. quantitative easing squashed volatility. we're going back to the way it used to be, but we have a generation of traders don't know how it used to be because they have been watching a punchbowl at the party. stuart: that is very true. scott, good to see you from chicago. probably next from london. >> see ya. stuart: you better check the big board. we are holding a rally at the moment, it is 200-point rally. we're holding it. volatile market. no clue where we close this afternoon. dow component pfizer lowered its forecast of future sales. when you do that, any kind of lowering of the forecast, the stock tends to come down.

pfizer down 1% right now. as for ge, it is now at $11.21 a share, having cut the dividend to one penny per share. 11 bucks on ge. rosy forecast from unarmor. it is the biggest gainer on the s&p 500 of the rosy forecast equal as stock price rally. look at it go, up 22%. do you remember this? this is more than a year ago, steve scalise returning to congress being shot, both sides of the aisle, i repeat both sides cheering him. we thought that was a turning point for the political atmosphere. well it wasn't. congressman steve scalise joins us next. senator claire mccaskill calling out some of her democrat colleagues. we'll replay what she said. and what brian kilmeade says about it.

tens of thousands viewed this. it sold out. this brand new game made $725 million in one weekend. those are big numbers. this is the second hour of "varney & company." ♪

stuart: moments ago tim cook announced a new macbook air with high resolution retina display and a fingerprint sensor like on your iphone. apple's holding an event right now this morning, brooklyn, new york. he also says, mr. cook says, 76% of new mac buyers are in china. quite a headline. stock is up a little bit. more headlines when we get them. you will get them first. now this, a gop office in south daytona, that is florida, it was shot at over the weekend. this is the latest incident of political violence. louisiana congressman and house majority whip steve scalise

joins us now. congressman, mr. trump is getting the blame for all of this. what is your comment? >> stuart, that is ridiculous. clearly when you look at these acts we're seeing, acts of terror, acts of violence coming against people based on political views based on their religious beliefs, there is no place for it. the only blame to be on people performing the acts. anyone wants to assign the political agenda to the acts should be ashamed of themselves. stuart: when you came back to congress, you came back to work after being shot, i remember running the videotape, carrying it live, you walked in both democrats and republicans cheered you on. it was a very powerful emotion. it was a great moment actually because both sides of the aisle came together. at that point we thought the toxic politics was coming to an end. apparently it has not come to an end. what do you think about what is currently happening? how did it all go so wrong?

>> well it is hard to say. this is building for a long time. there was incredible unity for that day. it is one of the greatest days of my life, my marriage, my kids being born, working in the field i love and support, to see that unity, is something i will never forget. i don't think the country will forget it. it shows us that we can get back to those points. but it is not, it is not common today. it is not as often as it needs to be. but it is still possible. we need to keep holding out for those kind of moments. when we see evil, we all need to come together to call out the evil acts. that is not a time to divide people. any of these people that are trying to use this as a point of division should look in the mirror, because they're only fueling these flames. this is time, the support the president goes down to the tree of life synagogue. i'm glad the rabbi invited him, welcomes him. this is time we all come together. stuart: i want to ask you about

maybe a prediction for the elections. will you keep the house? i'm going to ask the question in a round-about fashion. is this your last week as house majority whip? >> no. i will serve as majority whip through the end of the year. >> right. >> but in a new congress i expect to be the majority leader. kevin mccarthy will be the speaker. we'll not see nancy pelosi take that gavel back because we have such a great economy. because we delivered real results for hard-working families. if you look at the other side, there is a contrast in this election, stuart. you know how well the market is doing. you know how well the economy is doing, how many jobs created by the acts we passed. pelosi wants to reverse that she wants to take tax cuts away middle class families are getting. she wants to abolish i.c.e. and agencies keeping us safe. that is not the direction people want to go. we want to keep winning. we'll not get tired of winning but we need to win more. let's get this going and keep

the majority. stuart: did you just break news for us, that you support kevin mccarthy for the speaker's role, i'm sorry, majority whip? >> he will be speaker. i will be the majority leader. stuart: you have not announced, this is new isn't it? you have not announced your support for him before? >> no, i have. i actually have. you know it just has been a while. we've been focused more on keeping the majority. i think everybody forgot there was all these other things going on pause we're not focused on races right now. we're focused on doing our job for hard-working families which we've been doing, but also holding the majority. we have to stay focused next seven days for keeping majority. you asked me for a prediction. what i told i think we hold the house. there are a lot of close races. this is no slam dunk. there will be at least a dozen races might come down to the wire on election night. i think by and large we hold the seat, we have strong economy.

people like success they're seeing for their families. they like the direction the country set haded n they don't want to go backward with pelosi as speak. stuart: we'll be up all election night. >> could be celebrating. we'll leave it all out on the field. stuart: congressman, thanks for being with us this morning. appreciate it. >> stuart, great being with you. stuart: check this one out. president trump is hosting count them, 11 rallies before recollection day, which is a -- election day which is week away making election a referendum on him. polls were wrong in 2016. i want to know if we can trust them now? ashley shaking his head. ashley: how can you trust any poll. stuart: fair point. the dow is up 264 points, just above 1% as the gain. we'll be back. ♪ here.

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stuart: what is happening with coke's stock. up 1 1/2%. they have got higher sales. their diet soda business did very well. they say they are not getting into the cannabis market. that is coca-cola. higher profit, higher revenue at aetna. more on apple event. deirdre bolton is there. u you have more on the new macbook, deirdre? >> certainly do. tim cook opening up sitting

inside that mailroom mailer, underlines the newest version they're currently unveil something lighter, thinner rhett tina is four times the pixels. every single image is clearer, sharper, color saturated. it is greenest as far as better to the environment. louder speakers. these are all good things, stuart. microsoft is making similar kind of products as is google. google, tracking up the same, 25, 26%. google laggard, up year-to-date up only 2 1/2%. google was talking about the new product being particularly creative. the brooklyn academy of music. tim cook making numerous

references apple is the brand of choice for creatives, stuart. stuart: thanks very much indeed, deirdre. we heard the new macbook will be 1199. susan: not cheap. stuart: order it now, get delivery on the 7th. not cheap? susan: i have a mac book air. earlier this year they said they might discontinue the macbook airline. thank goodness i didn't upgrade. now you have rhett tina display. stuart: -- retina display. stuart: elon musk taunting authorities on twitter. he said his 20 million-dollar fine is worth it. we'll talk with a former sec attorney whether musk could still be in hot water with the sec. ♪ welcome to the place where people go to learn about

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♪ stuart: we haven't played this one before? producers said, not true. not recently. i like it. i kind of like it. you're not keen, susan. susan: best feel good music in the world, right? stuart: well-said, susan, well-said. well-done. check the big board. this makes you feel good. it is a rally, we have no clue whether or not it will hold. this is a volatile time. who knows how we close. susan: feels good. stuart: feels good. how about the big tech names? let's have a look. huge drop yesterday. and amazon is down again, off 17 bucks. ashley: but coming back. stuart: facebook up, microsoft

is down a little bit, 50 cents at 103. do remember facebook reports its earnings after the close today. let's see how that works out. elon musk, if i used the expression he is at it again, well he is. here is what he tweeted, deleted my tesla titles last week to see what would happen. i'm now the nothing of tesla. seems fine so far. there is another one, look at this. on instagram, 10% of followers like even lame posts. on twitter, good posts get 1%. to which a follower replayed, how about that one that cost you 20 million? how was the like ratio on that one? musk said, worth it. joining us now, a former sec attorney, knows all about this stuff. looks to me like musk thinks he can do whatever he likes? >> he does. it seems as though -- stuart: he can. >> well, maybe not without getting penalized for it. he also seems to defy common

sense here in some of the basic fundamental understanding about how corporate governance works, how ceo's are supposed to behave. stuart: he doesn't care. he doesn't care. >> no. stuart: he reached a settlement with the sec, right? >> right. stuart: does that mean he can say anything he likes about the sec because that is what he is doing? >> absolutely not. it shows he is not following through with the settlement, saying he will tweet whatever, anybody notices what he is did wrong, somebody comes after him that is recidivist, a repeat offender. shows he has complete contempt for the sec, the rule of law. i think it will come back to bite him. stuart: what could happen to him? >> he is violating the settlement agreement already. stuart: so? >> so the sec could throw it out if they wanted to. i don't think that will happen at this point. if you continues down the line he is on. this along with the criminal investigations that are still undergoing, i mean this is just going to lead to further penalties. he said $20 million.

he is fine with stockholders having to pay 20 million-dollar fines so he can tweet random things that defy common sense on internet. stuart: you're exasperated? >> i am exasperated. i am truly shocked that a ceo of a public company would behave in this manner. after everything you have seen, everything you have been through, he is still not stopping. stuart: may i point out, after all hes that done, everything the company has been through, the stock is still well above $300 a share. that's why he think he can do whatever he likes? >> that may well be the case but when you have criminal and civil regulators coming in and authorities coming in, and we'll see what happens with any kind of criminal investigation that happens but, you know, i'm sure that there is going to be some other penalties that he is going to have and they are just going to be more severe because this is going to get thrown back in his face. this is how you behave. stuart: i am following this forward.

you have experience in this kind of thing? >> yes. stuart: you're essentially saying he is out of control and he will pay a price for it some way down the road? >> i am sure of it. stuart: you are sure of it? >> i am sure of it. stuart: doesn't say another word, not a single tweet, will he be okay? >> he is -- stuart: if you were the lawyer, if you were at the sec right now, you're with harvey pitt, pressing him hard, would he get away with it? >> he would have to make a statement that he actually finally gets it, what he is doing is not okay. shows he has some fundamental understanding for the way corporate governance works. stuart: he has no respect for corporate governance. >> no he doesn't. i don't think he understands it, knows anything about it. so i think he need to learn think, are you going to teach him? how are you going to teach him. >> i've been dying, been on the show talking to him, trying to but -- stuart: i don't know whether he watches the show. the president may on occasion but i'm not sure about elon

musk. you've been giving him advice, he has never taken it. >> no he hasn't, he hasn't. stuart: i'm astonished. >> i wish he would. stuart: theresa, come back again, give him more advice if he steps off the rails again. >> thank you so much. stuart: we appreciate it. thank you so much. stuart: i want to get back to the apple event. we told about a new macbook air. apple announced a mac mini desktop. what have you got, ash. ashley: five times faster and space gray finish. stuart: i take it. ashley: on the edge of my seat. $799, up to 64 gigs of memory. okay, i don't know are you into the the mini mac? susan. 64 gigs of memory. they are trying to play the entire size spectrum at this point. stuart: i don't have a clue at this point. susan: do you use a pc or use a laptop? stuart: i have a desktop in my office. i don't have anything in my

home. ashley: no laptop at home. susan: how do we reach you? , process documents? stuart: that is hard. susan: what i'm saying maybe you should get a laptop at home so you can -- stuart: because i would never be able to get into it. i have a personal assistant who helps me. susan: you have help. ashley: don't know the password. stuart: 10:36, get me out of this. he is the host of the "brian kilmeade show." he joins me right now. brian, come on in. president trump planning to sign an executive order would end birthright citizenship, because your baby is born in america, doesn't make he or she is american. what do you make of that? >> i make he will have a debate and he will have a debate. tax cut didn't have any feasibility, i will have middle class tax cut, i will take 2% off. the problem congress was not around, bill wasn't written up, the speaker didn't know about it this is debatable, something he

feels, i talked to a few attorneys, coming up after this jonathan turley will be on with us, constitutional attorney from george town, george washington. he came out and they said there are clauses in there, you don't have to change the constitution, interpret it according to the president accurately. which says if your parents are here illegally but you're born here you became a citizen right away. and that should to me galvanize the conservative portion of his base which is, you know, 95% of it. >> how do you feel about it? i mean absent -- i don't care whether it's a constitutional question or do it with executive action. suppose it is put in place. just because you make it across the border doesn't mean any child you have is going to be an american, what do you personally feel about that? >> i think the law is the law. if you're sneaking into the country, have a kid in order to do it, to change the trajectory of generations i rather you do it through the right immigration system, through our processes. i wish it was easier, stuart, you didn't have to take years and a lot of money to become a

citizen. doesn't take years for the stanford grad a lot of money and a lot of endorsements in order to stay here. i think refugees, we could open up the doors, do a better job screening but bring more in. i think, the legal part of immigration system is got to get better and easier while the illegal has to be a real, really tough. stuart: yes, i agree. >> i think overall this is something that's worthy of a debate but i look at this -- stuart: secure the border. >> bill richardson, right? former governor of new mexico, famously came here, his parent brought him here. they were illegal. born here, became american citizen. even republicans have to admit this is the type of person wants here. works his way through the system. great education, becomes very successful politician. so, and business person. that is a success story. stuart: you think, this idea of ending birthright citizenship is that a winner in this election? >> it will get us debating. maybe that one or 2%.

i don't see a downside amongst republicans. we're, if you came out strongly, pro-life, or said my goal is to ban abortion, you're going to lose a lot of republicans because not all of them feel that way. i think when it comes to immigration, that is an issue which republicans are really singing in many ways from the same hymn sleet. nothing against immigrants. we want them to come legally as a nation. for republicans that is, that is their security issue. stuart: say no more. that is exactly where i'm coming from. brian kilmeade, always a pleasure, thank you, sir. see you soon. >> go get them, stuart. >> yes, sir. the trump administration pushing to lower drug prices looking to go after foreign freeloaders. talk to alex azar, health and human services about that. how are we going to do this? are drug prices coming down? better check apple. the event going on in brooklyn. a new macbook air and new mini

mac desktop computer. the stock has turned a little bit south. president trump's re-election campaign releasing a new ad but the president's name and face not on it. i want to know if that is a good strategist i will ask rnc's kayleigh mcenany in our next hour. ♪ edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours.

♪ ashley: president trump considering ending birthright citizenship. steve hilton joined us, spoke of the privilege being a citizen. >> to me, something so precious, shouldn't just be handed out, simply by being here. i think that the, the constitutionality of it is something that lawyers will argue about. i think both sides make the case just today the way the constitution was written, not intended to cover people here for a short period of time. it is supposed to cover, the citizens, all lawful residents longer than that. this is huge privilege. probably the greatest privilege of its kind in the world to be a u.s. citizen.

stuart: a new ad paid for by president trump's re-election campaign. it plays up the economy but it does not reference president trump. chris stirewalt with us, fox news digital politics editor. all about the economy and the trump growth economy but mr. trump isn't mentioned. why? >> because it is not helpful in every district. there are a lot of places where this election is being contested. so the election for the house is substantially being contested, there are about 73 districts that are somewhat competitive. a ton of those districts are in

the suburbs. places where you have more educated, more affluent voters, the president's job approval is low. people do not like the president but they are traditional republican voters and they're certainly voters who like the fact that we have the best and most robust economy in recent memory. so, what, what that ad is trying to do is create a sense of satisfaction among those voters about the direction of the country but not bring up the complicating issue of the president himself. stuart: you have seen probably a couple of thousand political ads in your time. >> too many. stuart: you've seen this one. tens of thousands of any, you have seen this one. make a judgment, is it a good, well made ad that hits home in the right way? >> it's a good ad. it is what the voters need to hear. when anheuser-busch or ford, big companies run ads, they're not running ads to convince you to try their product, they're trying to increase your satisfaction what you already bought and a lot of districts we're talking about, most of the

districts where election is being contested are currently represented by republicans. in our fox news power rankings, 31 seats are toss-ups, 29 are republican-held seats. ad like that create a sense of satisfaction with already made purpose. i feel good how things are going. i like the direction of the country. i will stick with what i'm got. stuart: are you prepared to make a prediction for control of the house seven days from now? and i ask you that, that is what you do. i know that you follow the polls, but the polls were pretty much incorrect. made a lot of mistakes back in 2016. so what is your prediction now? >> polls are more accurate in 2016 than they were in 2012. stuart: really? >> they were. certainly national vote goes. there were some holes in the states. i would, look the way i would put it this way, there is three in five chance that democrats are going to take the house and will win between 30 and 40 seats. somewhere in that neighborhood. is the most probable outcome but

there are two other scenarios, there is democratic wave, they take maybe 50 seats or nor. another one likely, one in five chance, republicans dig in their heels, lose some seats in the house, hold on. in the scenario, republican don't gain one seat in the senate or two or three. stuart: that is quite a scenario. the last one. >> you never know. stuart: look a lottery ad. hey, you never know. president trump will be heading to 11 different places in the week ahead of the election. 11. now that is an extraordinary campaign performance. where does he get his energy from? >> i guess diet coke. i don't know. they say he doesn't sleep a lot. this is remarkable for a couple of reasons. not just the number of stops that he is making. barack obama was very enthusiastic campaigner, more so than his predecessors. trump is certainly building on that, doing even more but targeting where these things are

being held, speaks to the sophistication of his campaign data organization. they're able to find, we're talking about he is not helpful in every district, but they have found ways to get to the base of the base, find places that will help him in senate races but hopes not hurt him in those same races. this is very wise, very specific targeting they're doing. stuart: what is with the bow tie? is that new? >> i can't help it if i'm pretty. i'm a fashion plate, okay? that is how i roll. stuart: you're done. thanks for joining us chris. >> you bet, tempted to try one myself. i just look, i don't look good. >> i doubt that. i doubt that. you would look good in anything. stuart: british accent required to make the bow tie look good. ashley: really. stuart: stirewalt, your time is up. thanks very much indeed, chris. >> see ya, tens of thousands gathered this weekend to watch people play video games, i mean tens of thousands. it is the gaming revolution. we keep talking about it.

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stuart: we have news for you. that apple event a new ipad just announced.

ash. ashley: yeah, this one is bigger, nearly 13 inches. it is thinner and has no home button. it is all with facial recognition. so, i don't know. stuart: what is with that video? susan: macbook air. >> they're using the same one for the ipad pro which i don't think they are. susan: they're not. stuart: ipad pro has no home -- ashley: there it is. yes. no home button. all facial recognition. again 13-inch screen. so bigger. susan: graphics performance, buy ontic chip, but nothing new. stuart: i look look of it. ashley: you like that? stuart: right size and everything. i could use that. ashley: yeah? stuart: i might get one. ashley: we haven't had a price yet on it. susan: would you get a mac book or get ipad pro? stuart: one of those things, ipad pro on the screen. here is a big deal, twitch-con,

three day event, annual, where people gather to watch each other play videogames. it is held in san jose, california the gail dickey, entertainment world news founder and ceo. gail, this is said a brand new industry. give me idea how big the twitchcontinuing was. give me numbers. >> twitchcon, making 62,500. could you get in anywhere, from any age, 13 and under with your parents. i think that you have to keep in mind this is not an e-sports event. this is event for streamers and cast terse, for the twitch platform which reaches 200 million countries around the world. it was a definite hit this year. stuart: wait a second. you have maybe 62,000 people actually attended the three-day event. i presume they paid money to go there but the real big deal was

in the steaming. can you tell me how many million people streamed the event? >> this was streeped by over 2 million people around the world. keep in mind, there are 200 countries can access twitch. so this is for obviously the streamers, the casters, and audience keeps getting bigger and bigger every year. with 2.3 billion gamers around the world, we're on tack to see 2.7 billion in 2021. we'll see it continuing to be explosive market. stuart: gail, you're in a growth industry. >> i am. stuart: you are. this new game, readied redemption ii. only just reon friday, already brought in am i right here, $725 million in sales just since friday? that is huge, gail. >> yeah. i think, stuart, we're looking 20 million actually in sales. this is the fastest selling

videogame this year. take two interactive stock gone up as much as 8.7% since the reviews came out. it is fully emersive game. it has amazing characters. the music in of itself become as character in the game. it's a slow-moving type of game. it for impatient player. 67% of americans playing videogame at this point, red dead, redemption 2 means cowboys are extremely popular. stuart: thank you, gail. >> thank you. stuart: now this. look likes america will gang up on america's big tech companies. that is my opinion. will tax them. amazon, facebook, google in particular will bear the brunt of these new taxes. some people say it's a money grab. i say it is inevitable. my take at the top of the hour on that.

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phone, and call the number on your screen. the call is free. and licensed humana sales agents are standing by. so call now. stuart: the world is ganging up on america's big tech companies, and britain is leading the charge. they are going to tax them. perhaps this financial jealousy, perhaps tech envy, maybe they are anti-american or anti-trump. whatever the reason, amazon, facebook and google in particular are very much in the crosshairs. starting in 2020, the british will tax whatever local revenue these companies bring in. this is really different. it's not a tax on profits, it's a tax on sales. their argument is you sell here, you pay tax here. the british tax would take an estimated $600 million a year out of american tech companies. that's just britain. that's a lot of money.

it will be tens of billions if the tax spreads. no surprises here. amazon, facebook and google have not been paying much in tax over there and that is resented. throw in data breaches, hate speech and the dubious use of your information, and you have fertile ground for a new and punitive tax regime. we may not like this. we often call it a money grab on this program. they want to rein us in. i think, just think about this, a new tax system i think is inevitable. no government can have a foreign company walk in, make a ton of money, walk out with very little taxation. a new tax code is actually required for the digital era. it is inevitable. that's what has so hurt the stock price of amazon, facebook and google. now we have to negotiate a global deal that gives the rest of the world a place at the tech tax table, while maintaining the innovation and reach that we

have come to expect from our own big tech. third hour of "varney & company" about to begin. stuart: you heard my take, my editorial. i want peter's opinion. i'm saying a tax on big tech is inevitable and it's due. what say you? >> it may be inevitable. i don't know that it's due. if you had a sales tax which this essentially is on all technology, all revenues, then it would be reasonable to say well, this is how we have to tax this sector. but why tax this sector that way and also have an income tax and everything else? we should at least absolve them from the income tax they're not paying if you are going to take 5% of their revenues off the top. the second thing is it's a tariff. it's certainly protectionist. the europeans have been lame

when it comes to high tech because they have an uninve ini- unincentivized economy. these things don't happen in london or berlin or those places and this is a way of creating an umbrella, some protection for startups over there, because they really frankly can't compete. stuart: you do agree with me that this tax, some form of this tax, is coming. the brits are leading the way because they say the rest of the world is talking and we are done with talking, let's get a move on. in terms of the point, it is inevitable, that's my opinion. i think you share it. >> it's inevitable the big techs get taxed simply because there's so much animosity toward them. it's hard to find anyone that likes jeff bezos except the guy in his shaving mirror. it's really tough. the guy is arrogant as all heck. as a consequence, he's probably bringing this tax on the sector more than anybody else. but beyond that, why not tax

everybody in the sector? what belies their intentions is the fact they only want to tax big tech. they don't want to apply uniformly. it's kind of like the hotel tax in new york city. i don't know what possessed me but i spent this past weekend in new york and got a $700 hotel bill. $200 of which was various forms of occupancy tax. those taxes aren't levied on your apartment in new york city. it's a way of taxing people as we would say in maine, taxing people from away so we don't have to pay taxes for people here. now, that's what's going on here. they really ought to tax everybody the same. stuart: i agree with you, but i just think it's inevitable and that's why these high tech big name tech stocks are down so much. peter, thanks for joining us. we will talk to you again real soon. >> take care. stuart: i want to stay on big tech. some really big swings in the tech stocks today. amazon is now down $29. earlier it had been down $50. at one point it was actually up a few cents, i believe.

our next guest has refused to buy any of them. well-known guest on this program, dennis, you want to take a bough. last tim you were on, you said you never buy big tech and i should sell microsoft. if i had done that, i would have saved a few bucks. take a bow. >> i will take a bow and tell you to continue to do exactly that. avoid high tech at all costs. the conversation you just had with the professor concerning taxes, you are absolutely spot-on correct. it is inevitable. it will not just happen in the uk, it will happen in germany, in france, all across europe. it will happen in asia. these companies have had a free run of it for the past several years and i think that that free run is over. plus the fact that you have the monetary authorities in the united states slowing the growth of the monetary aggregate so you have two major drawbacks to not just high tech, but stocks generally. be careful out there. stuart: but it is the tax, the british leading the way with

that tax, europeans, asians, latin american supposedly going to follow. it is the tax that's primarily the reason why these big techs are down. is that true? >> well, i think it's the discussion of the tax has picked up in the past several days, but the high techs were already under pressure beginning a week or two weeks ago, and stock prices in global terms have actually reached their peak back in january. so there's a lot more going on here than just the tax. the last two days, however, and what we are seeing today is obviously incumbent upon that tax increase. stuart: yes, sir. tell me about ge. i will tell you and our viewers they have cut their dividend all the way down to one penny a share. >> yeah. yeah. stuart: this is the kind of company that you usually invest in. would you consider buying ge now? >> historically, after dividend cuts especially cuts of this consequence, it is the optimum time to be a buyer of the stock. i'm considering it. i must tell you, i'm looking at the screen now seeing that it's down 63 cents.

i'm interested. i may buy a little today for my own account. i am interested. i have not acted yet but i'm out of the office and can't do anything right now, but given the fact historically it is always the right time to buy after a material cut in dividends, i have to say i'm interested. stuart: that's interesting. you have cut the dividend down to a penny and you show some interest in it. looking at the chart, it's on the screen now, it's an awful chart. >> it's an awful chart. stuart: you think maybe there's a bottom here. look, dennis, you and i remember the halcyon days of general electric when it was a stock for widows, orphans and everybody else. it's not like that any longer but if it's reached a bottom, you could have a very nice percentage gain on a very small move up. >> well, it's a punter's delight. that's all it really is. one would have to step in and say look, i'm willing to risk 2% or 3% on this trade because i think if i own it, i can make 5% or 10% or 15% relatively quickly. how much farther can you cut the dividend now that you have cut it to one? what are you going to do?

you going to demand people to pay you at ge? i don't think so. the worst news is probably already incumbent in the trade. stuart: i remember when it was i think 60 bucks a share back in the year 2000. roughly that. >> oh, yeah. stuart: i never owned it. how about that. dennis, thanks, as always, sir. we appreciate you being on the show. thank you very much. >> stuart, thanks for having me on. always my honor. stuart: okay. let me check some individual stocks now. first of all, tesla. chief elon musk raising eyebrows again with a new tweet, here it is, deleted my tesla title last week to see what would happen. i'm now the nothing of tesla. seems fine so far. as for the stock, teflon. nothing ever happens to it. $333 a share, only down a buck. that's it. couple of dow stocks reported today. coca-cola are not getting into the cannabis business. pfizer also reported. they are not a great report, down about 1% as we speak.

better get back to apple. tim cook announcing today a new macbook air, mac mini computer and ipad pro. this is happening at the event in brooklyn. all of these products are available for preorder now. you actually get them delivered november 7th. the stock has just moved back to the upside, up $1.33 at $213. now this. president trump has got a new plan to lower drug prices. he's going after what he calls foreign freeloaders. coming up, we will talk to the head of health and human services to figure out how does this work, how do you get drug prices down? president trump's re-election campaign has a new ad. it touts the economy but it doesn't mention his name. is there a secret strategy here? we will talk to the rnc about that one. i will also ask about president trump's plan to use an executive order to get rid of birthright citizenship for children born in america to non-citizens. as migrants march towards our

border, this is a new move and it's an important topic and we of course are on it. checking the big board, we are back to the highs of the day. we are up 226. strong consumer confidence reported about an hour ago, an 18-year high. that is helping the markets. got a jam-packed hour ahead. we are just getting started on the third hour. here. we perform over 50,000 operations a year in places like this. for the past 15 years, chubb has identified ways that we can strengthen our safety measures. and today, our hospitals have some of the best patient safety records in the country. now, we're constructing new buildings that will define the future of piedmont and chubb is here, insuring our expansion.

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stuart: voters in washington state will decide if companies should be charged for carbon emissions. there's an initiative on the ballot next week. now, if approved, companies in that state would have to pay 15 bucks for each ton of carbon dioxide they release. it starts in 2020. supporters say it would help prevent global warming and will

bring in $1 million annually to the state. but what would it do for business? president trump's re-election campaign coming out with a new campaign ad. it touts the economy. roll tape. let's see it. >> there's more opportunity and security to invest in the ones that matter. >> we can't get distracted from the biggest issue which are jobs and -- >> this could all go away. choose the right future. stuart: rnc spokesperson kayleigh mcennany with us now. why did that ad not mention president trump by name when you are talking about the trump economy? >> unlike the democrats who want to make this all about demonizing president trump, we like to make this about the american people, the mothers, the daughters, the economy and you have many ads that just

mention mothers and daughters playing out across the country and that was the intent of this. stuart: really. >> yes, really. stuart: i could come back at you and say you know, the president is not personally popular in some of the close race areas, therefore, leave him out of the ad and go towards the economy only. >> i would answer to that that we are drawing a stark contrast. we want to make this about the voter. we want to make this about the mothers, the daughters out there, the hard-working families who are working hard to bring food to the table, put their kids through college and that's very clearly what that ad was trying to do. morning in america again, reagan-esque type ad, feel-good moment. stuart: you have a background in television. did you help put that ad together? >> i did not but i wish i could take credit for it. it was really good. stuart: did the rnc pay for it? >> it was the campaign. $6 million ad buy but we worked closely, brother/sister campaign. stuart: i want to get to something which is a bombshell politically, and that is president trump. he wants to use an executive

order to get rid of this birthright citizenship, that children born to non-citizens -- let me roll that tape. >> we are the only country in the world where a person comes in, has a baby and the baby is essentially a citizen of the united states for 85 years with all of those benefits. it's ridiculous. it's ridiculous. and it has to end. stuart: in other words, kayleigh, just because your baby is born in america doesn't mean to say that that baby is an american. that is a really big change. >> it is, and it's one that he's exploring in consultation with counsel, so that is worth mentioning, but what he is looking at is that this has become a magnet for people who are wanting to cross our border illegally, have their child here and then their child automatically gets citizenship, and while the left is freaking out and the media is freaking out, they ignore the fact there's a real argument to be made, i don't want to get too much in the weeds but the constitution, the text is a little more complicated than what some are making it out to be. the person has to be within the jurisdiction of the united states. you can debate what the founders

meant by that. i don't think they intended to mean anyone who crosses the border and happens to have a child here is automatically a citizen of the united states, entitled to benefits. stuart: the legal fights are all over. no more legal fights. it's there. the birthright citizenship is there, it's in place. do you think a majority of americans will approve of that? i've got to tell you, i am in favor of it, because i think citizenship is a privilege. done right, it's a privilege which you earn and respect when you get it. it's not something handed to you automatically, say by birth. so i approve of it. you think most of america does? >> i do. two reasons. one, i think that it's an injustice to those waiting in line when you explain that the american people will get that. you can't allow people to jump the line. number two, though, i think even most importantly, we have an overwhelmed security -- social security system, we have an overwhelmed medicare system and you dump tons of more people into that, that just overburdens already overburdened entitlements for american citizens.

stuart: the timing is intriguing. he's saying this, doing this a week before the election and just as the caravan makes its way to the border. the timing is important here. >> it's important. look, our base wants to see action on immigration. if congress doesn't move, the president is going to do everything in his power within his constitutional authority to make moves. stuart: democrats say they want immigration reform. >> they want it, they say, but he offered the fix for daca and they reject it. they don't want it. they don't want any successes for this president. chuck schumer could care less about bipartisanship and a compromise. stuart: now you're fired up. >> exactly. stuart: thanks for joining us. this is the time when we go to all the different markets. first, bitcoin, $6,200 a coin. price of gold, $1200 an ounce or thereabouts. yes, $1227. the price of oil, it's coming down, $65 a barrel. $66 a barrel. not down so much. better look at bp, they reported strong profits because of previously higher oil prices. bp is up 2.3%.

gas prices, though, here's the good news, continuing to edge lower. for 20 straight days, the gas prices come down and we are now at $2.80 a gallon as the national average. scaesar's entertainment partnering with an nba team, basketball, and an nhl team, hockey, to bring gambling to the sports arena itself. this is sports betting writ large. caesar's joins "varney" next. wait a second. now this. now this. left-hand side of the screen, the henchman to the "goldfinger" movie. and charles payne comes on to talk about the markets. i will ask him about that hat. stay with us. you really do get it all on "varney."

stuart: just a few minutes ago we mentioned that consumer confidence has hit an 18-year high. moments after that, we received this tweet from president trump. just out, consumer confidence

hits highest level since 2000. maybe the president is watching. that consumer confidence clearly helped the market. we're up nearly 200 points. couple of corporate stories. best buy expanding its toy section for the holidays. they are trying to attract new customers following the closure of toys "r" us. walmart, target, kohl's, party city, all wrapping up their toy sections. walmart making it easier for you to avoid lines at the checkout. starting thursday, employees will be stationed in the busiest sections of the store. they will be able to take your payment if you are using a credit or debit card. they will ring up the items in your cart, give you a receipt and you simply walk out. bad news for cell phone makers. they are holding on to -- we, i should say, holding on to our phones much longer, keeping them nearly three years before replacing them. that's bad news. not much churn. it was a little more than two years that we kept them in 2016.

what have we got for you today? charles payne will be with us, the man in the hat. i will ask him, is that hat proof of the kwum consumer's comeback? we will look to hat stocks. charles and his new hat will come on the show and talk about the market. and the president is weighing in on the market as well. we have a tweet from him, too. we'll be right back.

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stuart: i think this is almost the high of the day. we're up 235, 24,600. how about that. we've got 25 of the dow 30 in the green. they're up. dow is up exactly 1%. you better check out the home builders. home prices in the 20 cities measured grew at the slowest race since december 2016. home builder prices, stock prices, all on the upside. look at ibm issuing a $4 billion buy-back. not helping. down another two bucks. ibm is down to $117. got it. all right.

here he is. charles payne. have we got a picture of him from earlier this morning, the man in the hat? can we get that picture up there? there you go. that is a bowler. that direct from england. but you look good. charles: thank you. i think it's a derby but either way, it was inspired -- stuart: why did you wear it? charles: i always wanted one of those hats. recently i went to get a hat refitted at a place in the city and they didn't have any great hats. all the great hat companies went out of business. they are all made out of china now. they are all cheap. i looked over, i saw the derby and i looked at my wife and said do i have the nerve to do it. that wasn't the word i used, but. i said do i have the nerve. she said do it. stuart: how much? charles: about 200 bucks. stuart: all right. let's move on. president trump is talking about the -- charles: i wore it better than oddjob, by the way. stuart: let me repeat the intro. the president is talking about the fed again. roll that tape.

>> we actually created value for money so that people that have money in the bank and did it the way you're supposed to do it, they are actually getting interest on their money now. the fed is being very tight. now, in one way you have to say that's very conservative. that's a good thing from the standpoint of conservative. i don't like it because it closes it down a little bit. but we're up, we were up almost 50% from the time i got elected. stuart: president trump doesn't want to see the fed raise interest rates. what do you think the fed should do? charles: you know what, on october 3rd, jay powell made a crazy comment that wrecked this market. look at where we were in october 3rd and look at the precipitous fall since then. the fed should do its job, but the way they are articulating it, it feels like they are going to raise rates no matter what the data says, and that's what's scaring investors. by the way, the idea they don't even know what neutral is anymore, scaring the market. some wall street guys are saying what's a rate hike every quarter. but remember, we went from june

of 2006 to december 2015 without any rate hikes. stuart: we did. charles: president trump watched that. he watched the fed pump $4 trillion into the economy and he's like hey, guys, give me a break, okay? let mine blossom a little before you cut it down. stuart: that's exactly what he's saying. he tweeted also about the stock market. let me read what he tweeted this morning. the stock market is up massively since the election but is now taking a little pause. people want to see what happens with the midterms. if you want your stocks to go down, i strongly suggest voting democrat. they like the venezuela financial model, high taxes and open borders. so what do you think? if the democrats win the house, does the market go down? charles: just temporarily. if the republicans keep the senate. but if they win the house and the senate, which doesn't look like it but if they were, the market would take a big hit. because corporate profits at $2 trillion a quarter right now, you know, a lot of that attributed to the lower taxes, particularly domestic based companies. companies that don't sell a lot

of things offshore. they are benefiting big-time. huge. it's showing in these markets and showing in hiring. stuart: let me see the big tech stocks, please. they are a mixed bag today. took a huge hit yesterday. britain, the brits are going to start taxing our big tech companies on their local revenue. the british tax starts in 2020. could bring in $600 million a ye year. i think it's inevitable. what do you say? charles: it's inevitable like some of their onerous fines, the things they use as an excuse to rip off american companies for billions of dollars. this is what happens with socialism. you don't create anything but at least you get to rip off those who do create. it's a shame. it really is a shame. some of these american companies have to be very careful because they are setting themselves up for this kind of -- stuart: they are. but why should any government allow a foreign company to come in, make a ton of money, and walk out with a minimal tax

payment? charles: if it's a product or service your citizens want to use, then what's wrong with it? they wouldn't deny their citizens the use of facebook or the use of amazon or the use of google. if their citizens think it provides them a service, why would they deny it, you know? stuart: the question is, what level of taxation should be levied. charles: this level of taxation, american columnists are saying we want our own country, okay. if this is the kind of thing that sparks revolutions. are you kidding me? i read like 400 million pounds. it's crazy. stuart: lot of money. charles: it's a ripoff. stuart: amazon is down another 13 bucks. that's in large part because of the tax from the brits and other taxes. charles: but ultimately, the companies will deal with those taxes. in some cases they will try to pass it on to consumers but they have other issues, growth issues and regulatory issues as well. stuart: you are always unruffled. charles: i'm just ecstatic to be

here. i'm wearing my derby to the job, you know. stuart: i don't wear hats very well. i just don't. i need one. charles: i have been watching that pinky blinders, ever see that show on netflix? my wife is into it. they wear little bowlers. i think i will get you one of those. stuart: no, you're not. get out of here. thanks for coming on. charles: okay. stuart: caesar's entertainment, we cover this a lot. the expansion of sports betting. well, the casino people, i mean, these folks here, what is it again? caesar's, that's right, the script moved up. i didn't read it properly. caesar's is partnering with an nba team, basketball, and an nhl team, hockey, to bring gambling actually to the sports arena. this is all about the expansion of sports betting. michael marino is with us, senior vice president of marketing at caesar's entertainment. seems to me this is a revolution in gambling because i'm now going to be able to do it at the

stadium itself. >> that's right. it's what charles said when people are asking for it, why not bring it to them directly. stuart: but it's a complete shift, isn't it? >> it is. stuart: if i go to watch a hockey game now, i can't gamble in the arena, but with you guys, i can. >> in nevada a couple years back, nevada allowed you to be able to get on a mobile device and gamble sports, if you are in state lines, in the state of nevada. you had to go to the casino and actually sign up. think of it as having all the banks in one state, you had to go to one location to get your money. now in new jersey, new jersey has opened up the rules where it's much better for the consumer. the consumer can go, you can download our app on your device now, you can fund it from your house, from the arena, from wherever, place bets just like you would in a nevada casino. stuart: it's a vast expansion. >> it is. we are really excited about it. stuart: you should be. it's good for business. >> your country has been doing this for a long time. stuart: excuse me. i am an american. but you are quite correct to say the country of my birth, you can gamble on anything.

>> and they do. they have proven it over the last few years in britain in particular, the amount of sports wagering, in-game wagering, mobile wagering has gone up dramatically. we are really excited about that. stuart: you expect something similar with your nba and nhl hookups here? >> we do. we think the partnership is a great partnership for us to meet new customers and introduce them to our products, both the mobile products and the sports betting products, but we also operate three casinos in atlantic city. we also operate one in philadelphia. we believe we can use this partnership to help introduce people to all the experiences we have. stuart: it just doesn't cost that much for you guys to get in to gamble in the sports arena itself. it's a very low entry cost, isn't it? >> depends on who you ask. the reality is look -- stuart: i'm asking. >> it was a good partnership. we came to good terms. i think both of us will do very well with this partnership. stuart: this is just sports

betting. as we said earlier, in britain, you can gamble on anything, absolutely anything. you want to see that come here? >> i think there's a place for it. the answer is yes. there's a place for it. it is very popular. elections are a really popular thing in britain to wager on. american elections were extremely popular and probably will be over the next week or so overseas. but i think for now, we are happy with sports betting. we would like it to go to more states. we will go from there. stuart: you have a big smile on your face. why not. thanks for joining us. >> thanks for having me. stuart: now this. president trump going all out to support republican candidates ahead of the midterms. he's going to hold, count them, 11 rallies in the next six days. he starts tomorrow in ft. myers, florida. monday he will hold three rallies in three states right before the election. how about that. sony's playstation 4 business continues to benefit from blockbuster titles like

spider-man and -- whoa, that's a big company and the stock is up 4%. that's a big gain for a company that size. the dow component pfizer lowered its sales forecast. the stock down 1%. president trump's got a new plan to lower drug prices. he's going after what he calls foreign freeloaders. coming up, the head of health and human services, alex azar. how will that bring drug prices down? president trump wants to end citizenship for children born to non-citizens in america. senator lindsey graham will introduce legislation to do just that. in the meantime, the president sending thousands of troops to the border to stop those migrant caravans. next, we will head to mexico for a live report on that. check the markets. high of the day, up 272. we'll be back. ♪

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s&p 500 out of correction territory and one of its best performing stocks today up 9.5%, positive for the year. the company's new video game red

dead redemption 2 earning $725 million in worldwide sales in just three days. that is enough to make it the second biggest entertainment launch of all time right behind grand theft auto 5. that brought in $1 billion about five years ago. competitor activision saw big sales earlier this month with call of duty black ops 4. that brought in half a billion dollars. that stock up 3% this year while the s&p is down just about 1%. more after this.

stuart: apple is getting a lot of attention today. ceo tim cook announcing new products this morning at an event in brooklyn, new york. the first one, a new macbook air with high resolution retina display. that goes for $1199. cook also unveiled a new mac mini desktop. cook says this device is five times faster than the previous one and is made from 100% recycled aluminum. that starts at a price of $799. there's a new ipad pro, an 11-inch edge-to-edge display and no home button. all available for preorder now. take them home as of november

7th. as for apple's stock, so far, not that much movement. up a buck at $213. president trump's got a new plan to lower drug prices. he's going after so-called foreign freeloaders. joining us now, health and human services secretary alex azar. mr. secretary, take me through it. how exactly do you lower drug prices? >> you bet, stuart. thanks for having me on. so we released data showing that in one part of the medicare program, we are paying 180% of what wealthy developed european countries are paying for the very same drugs. so what we're going to do, the president announced, is we are going to use the discounts that pharma gives to these other countries voluntarily and we are going to use that to pull our prices down here in this one part of the medicare program, eventually to 30% discounts off of what we're paying right now. stuart: that's important.

that's a 30% discount from what we're paying right now for certain medicare drugs. that's accurate? 30% down. >> absolutely. right now, pharma is giving these discounts to other countries and you know what we're doing? we're currently paying list price plus a 6% markup in our program. so we're just saying give us some of this, end this foreign free riding off the backs of the american taxpayer and america's seniors and it will lead to $17 billion in savings over five years for the medicare program, and $3.4 billion of savings for american seniors. stuart: when do these savings kick in? >> we have to go through a rule-making process to put this into effect, so the end of 2019 or early 2020 is when you would start seeing savings if you are a senior for the physician administered products like infusion drugs you get at the doctor's office or in the hospital. stuart: is this how you see your job, get drug prices down, get the cost of health care down, that's it? >> absolutely. we want to across the broader

health care system, the president wants to drive health care costs down, increase value, higher quality, lower price. in drugs in particular, we've got to get those list prices down and we've got to just take piece by piece of our government programs and make sure we are getting the best deals possible, consistent with the beneficiary in the center, patient access and supporting competition markets and innovation. stuart: if you've got the lawyers out of the medical business, you would really get prices down. >> that would help a lot. stuart: yes. any plans? >> any plans? well, we are always, always willing to work to try to improve our medical malpractice laws. right now, my main focus is just how do we get these drug prices down and help american seniors. stuart: just keep at the lawyers, will you, please, mr. secretary. i do want to talk to you about altria. they say they will stop selling e-cigarette pods and will pull most of their flavored e-cigarettes from the market.

is this what you want? you want to get e-cigarettes out? >> so this is a very positive development. any step that stops the access or the attractiveness of e-cigarettes or any other type of tobacco product from our youth is important. we are seeing an epidemic, an explosion in the use of e-cigarettes and vaping by adolescents and while e-cigarettes can be a very important public health pathway for people who are addicted to botanical, combustible tobacco, it cannot be an on-ramp to nicotine addiction and eventually tobacco utilization by our adolescents. stuart: mr. secretary, i want to thank you very much for being on the show and for spelling out so precisely how you will get drug prices down. it is much appreciated, sir. >> thank you, sir. stuart: see you again soon. thanks. all right. looking at some individual stocks reporting here, coach parent, okay, their parent is called tapestry, swung to a

profit. the stock is down 15 cents so it didn't make that much difference. and the maker of oreo cookies and all kinds of other stuff, sales fell short but they did say they have momentum in emerging markets and that's good enough for a 4% gain. president trump sending thousands of troops to the border. he says they will stop migrant caravans. coming up, we are going to head to mexico for a live report on those caravans. meanwhile, the markets, high of the day. i'm not going to guarantee we close like this, keeping in mind the volatility. right now we are up 294, 95, 96, almost up 298. wait for it. 299. yeah! up 300 points. we will be back. it's a rally. show me movies a grinch would love.

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something in my throat.

we have millions of people coming in, they're applying, they're coming in legally. we have a very strong border. i called up the military. this caravan is not -- they're wasting their time. they're not coming. >> what is the military -- >> what happens, they would catch and release. we're catching, we're not releasing. they want to come over but we're not even doing that. we're not letting them into this

country. stuart: that's the president talking about the migrant caravan and when it approaches the border because it is still moving north and getting closer to our southern border. william larginesse is with the original caravan. what are you seeing? where are you? reporter: well, stuart, i'm in the state of xoaca. the president is changing the rules of the game but the people down here don't know it. i will tell you, different city, the same scene, thousands arrive to line up for food, water and medical care, but this caravan is actually encouraging others. there's one currently in guatemala, one just crossed from el salvador into guatemala and another is right now at the guatemala/mexico border and the police are trying to keep them at bay there. basically, this particular caravan, they have requested from the government 150 buses to get to mexico city. that's 450 miles away from where i'm at. it's a three-week walk. you have seen the video before. these caravans, they literally

take over a lane or more of a major highway. we are going through some mountain, winding roads and for the safety of the caravan as well as motorists, that's why they are requesting the buses. no word yet whether that will be forthcoming. so far, most of the migrants in this caravan have rejected mexico's offer of housing, medical care, school and a work permit. that is one reason why many critics are saying it is not about fleeing persecution but a paycheck in the united states. we know organizers are going to mexico city to negotiate with the incoming government, trying to sweeten the deal to potentially stay here in mexico but also for transportation to the border. most people here are unaware of what is happening in the united states in terms of the troop buildup along the border, and the metering that is going to take place at the border in terms of reducing the number of people claiming asylum and i talked to a world health official who is really worried about the conditions in border towns like tijuana who are not

prepared for this, for people who cannot get north because the border is closed, but they have no money to go south. they are worried about women going into prostitution, young people becoming drug mules for the traffickers and literally being without shelter because there's only maybe a handful of small shelters in those towns i have been to. did speak to a lawyer here yesterday. he is advising the people here who are again unaware about asylum claims, he's telling them how to do it, how to say when they reach the border to say hey, i was threatened, who threatened me, my relationship, why didn't i file a police report and why can't i stay in honduras safely. they are going to have to answer those questions. right now they are unprepared because the people i talked to don't know anything about that. i will send it back to you, stuart, but again, same thing here. they are going to continue moving north to the u.s. stuart: got it. thanks very much, sir. see you a bit later. they are on their way to the border. in the last few minutes, we have lost 100 points. we were initially up 300, now up

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there's no obligation. you know medicare won't cover all your medical costs, so call now and see why a medicare supplement plan from a company like humana, just might be the answer. stuart: yeah, we're tock talking volatility, sports fans. ten minutes ago we were up 300. now we're up 200. do check apple. where is that stock right now? it was up 94 cents. three new products today. susan: mac mini, ipad pro. air mack, trying to say air book mac like the nike. two product launches before they launching their numbers and earnings. stuart: is that unusual? susan: i think it is. they're trying to build momentum into the earnings season. we have new product launches. this is available for all important holiday launches which

is where amazon tripped up. stuart: i like the look of 11-inch screen? susan: yes. stylus. ipad pro. stuart: if you want to buy me a present for christmas in unlikely event. here i am. connell mcshane for neil. connell: welcome to cavuto cavuto coast could coast, everybody. good to have you with us here on "cavuto: coast to coast." i'm connell mcshane filling in for neil