when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. thanks everybody great show have a great day. "varney & company" begins right now. stuart take it away. >> good morning maria good morning everyone. come on cheer up. there's only 15 hours left in the month of october. it has been a a rotten month for money but almost over and we have real hope for november don't we? futures point to higher open today we were up 430 points tuesday up maybe another 200 this wednesday morning. the market is getting some help from a report earlier today that is 227,000 new private sector jobs created last month that is strong. and look at this, general motorses they came in with a

stellar financial report and the stock is going strailgt up about 6.5% they did really well in north america profits here, up 33%. that is a strong indicator for our economy. and this, facebook big gain, zuckerberg said it will be at least a year before facebook can get a grip on misinformation but he says they'll spend big to do it and he's going to do it and investors like it stock is up 5.5% big gain there and dominate political scene with 11 rallies in next six days. he starts today. and it is nonstop until the election. the polls show an extremely tight race, not the blue title way of democrats hoped for, in fact, poll suggest reallies could actually increase their majority many the senate. so cheer up, november will surely be better than october. besides, "varney & company" is about to begin.

♪ >> here we go president trump out with a new tweet on migrant caravan i'll read it for you our military is mobilized at the southern border many more troops coming we will not let these caravans which are also made up of some very bad thugs and gang members into the u.s.. our border is sacred must cool in legally. turn around looks to me like raise aring the pressure. >> raising ante, and making a clearly the election issue. >> it is a unbelievable stat that more troops same amount in syria than rabs and serious about this, and you know, the fallacy that they're coming here not about jobs, they are many of them are come looking here for jobs because if it was about gang violence they would have stopped in mexico. mexico is trying to shelter them but they're saying no with

economic reasons we want to push on -- >> go ahead. >> this is very powerful for getting bis out this is such a big issue for right wing republican it is no question to campaign on wall. wall hasn't been built they have to put up an effective barrier to keep people out illegally it is just a it shall horrifying reminder of how messed up our immigration laws are. >> well said liz pique now look at this, google blocked a campaign ad from gop senate candidate marsha blackburn here's what they blocked. roll tape. ♪ [inaudible conversations] that was blocked. he said no you can't have that on. they were blocked. censored. liz pique why? why? >> this is censorship and incredibly stupid thing for

google to do underfire for a report out actually last month that said indeed their search results are left wing oriented maybe that's because they're just more left wing voices out there. but that's result of an impartial assessment. looking google controls over 90 pcialght of search arranged world this is becoming extremely difficult issue for them because consumers will be okay with that unless they think that is damaging or hurtful or in some way that they abuse what power. this is google abusing that power. >> i think what's so annoying about it liz and everyone is that this actually happened it this is a candidate making of claim that could be dubious. this is actual recorded video under the stop the mob, these are just two xasms of examplinge mob why qowld you block that and why is that happening? >> why is stopped mob shocking content? marsha have been a vocal critic of socially for privacy problem

for bias so this is censorship. with a bias against conservative education and republicans. bottom line it is what they're doing but a job i don't see how google possibly do this job. how do you do that? >> i don't know but it is arrogant. a billion posts day instangtly how do you do that? >> you don't. except you put in charge algorithms so forth to monitor it and that's where the problem is. i think those algorithms so forth they pick up, you know, key words that basically lead to republicans talking points and they eliminate them. >> written by humans. right. we have got to move on to facebook because we've got real news there. higher profits, and that stock will open sharply high per look at that understand about $8, 15 a 4, 5% higher. jim agedder son with social flow is with us now. you say that that facebook report came out yesterday. you liked it. what was so good about it? >> i did people focus on growth rate slowing down and revenues are slowing down although up 30%

year over year. look at the strength of their advertising business. revenue per user went up sphangtsly so advertisers who fuel 98% of facebook rev newseum to still like it. >> are they bringing in -- let me get right number is it 100 billion dollars qort of advertise iting revenue a year something like that? >> more like 50 billion sorry not quit over 50 billion a week. it is amazing all on backs of twelve ads per user a advertising supporting business as long as they want to give money to facebook facebook is in pretty good shape. >> but you say that facebook should in the long run watch out for amazon. why? >> amazon is now number three in the digital advertising space and we know that every industry that amazon touches you know it is changed significantly. so i think google and facebook both are keeping an eye on amazon because think of it when you go to amazon you buy things so commerce and most advertisers ultimately want to sell things

amazon is really compelling play for a lot of advertisers. >> so in advertising revenue terms is facebook first or google first? >> i believe google is number one facebook number two and amazon is number three and digital advertising what a difference. i mean just a few years ago weld be talking about advertising revenue to newspapers to tv stations, to cable tv programs. now, it is ad revenue facebook goggle and amazon. >> fewer years ago remember what had google did to yahoo! in a dominant position remember what netflix did to block buster to shift off of advertising. i think biggest risk for somebody line facebook is not regulation or technology but we like to think that technology innovation you know took and google in a come dominant positn but five, ten years from now -- >> monoon ilys don't last long in fast moving technology industry that's the the point. jim anderson good stuff we appreciate it. good stuff. check futures oh you're going to

like this not quite end of october not quite the beginning of november. but we're up 200 points on dow industrials. or nasdaq check that out up 1.6%. 100 point plus big jump look at gm please. their profit in north america jumped 33% and that stock is up 7% this morning. got a rosy forecast from the health insurer, anthem that normally means higher stock price not bad up about .8% same story for sprint is that up as well? yes it is. 6% higher on sprint. better sales higher sales of the beauty company estee lauder 6% higher, however, clorox did not come out with a rosy forecast look what happened that stock is down 5% on clorox. let's get back to politics. president trump costing voters in a tweet tuesday it shall for the market will go down if a democrat win the house in november.

liz pique still with us. what do you say? >> i think market is factored in democrats taking over the house. but i think it is by a big majorren he's correct. because -- obviously there will be much more powerful block anything that hes will to get done biggest issue about house going democrat is that you've got incredibly partisan anti-trumpers taking over key committees adam shift for example is going to be taking over intelligence maxine waters taking over financial services and promise once you're head of the a committee you subpoena res she's said she wants to subpoena trump financial records, his bank statements all of these things to further impeachment investigations. impeachment related investigations and the problem is we have two year of incredible -- i think that's what's coming. j how many laws has maxine waters -- >> three in 27 years, and one -- three bills -- one maybe wait ones was renaming post office. that's a big one.

>> if democrats won house then maxine waters chairs financial was ises committee gerald new yorker democrat he chairs the judicial committee -- >> the house government ethics and rsm. >> yeah. >> right. and i think it is richard neil runs the house weighs and means committee which writes tax rules he's adamantly oppose to tax cuts of president trump. >> economists is right if they win big we come down on this market. and person has the veto power so -- keep that in mind. >> up on the screen because you kind of like it up 200 points on dow industrials when that market open and nasdaq is up what over 100 points. president trump just tweeted about the markets. okay here we go. stock market up more than 400 points yesterday. today it to be another goods one companies earnings are great. he's right. what did we just say forgive me

migrant caravans headed to america. is sending troops to border the right move? well i'll ask the right guy retired four star general is on the show shortly. live look at capitol hill a new report from the media research center says, that main stream media is spinning campaign coverage 88% of the coverage of republicans is negative. martha will join me on that story. and president trump on campaign rally blitz before election day but primarily focused on senate races is he giving up on house. ronny mcdamage is on that show and get to her in just a minute. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st.

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there's sol feeling that the president concentrate on senate races. and a may be giving on the house what do you make that have? >> look at the schedule here 11 stops in eight states for pruch when you look at eight different states seven of them have senate races. let me sort of tick through schedule here to look at the map where president is going over next week or so florida later today. missouri tomorrow and then his schedule picks up after that. two stops on friday west virginia, indiana two stops saturday montana and florida again sunday it is off to georgia and tennessee. and then monday finale is ohio, a return trip to indiana, a return trip to missouri. just a little while ago, i asked the press secretary sarah sanders about just that stuart whether or not the president is best served at this point to focus on keeping control of the senate and not necessarily keeping control of the house. >> look we have done a lot for the house. but if you look at those states

there are place where is president overwhelmingly popular in those locations. and that i think the president is best messenger for the party with a credible historic first four years and doing that all over the country for last several months. >> so eight states stuart with senate race -- eight states rather that he's visiting seven with senate races you're wondering about with that one it is georgia. there's a big governor's race there that is or very, very tight. >> there is. all right blake thank you very much indeed. republican national committee ronny mcdamage same question to you. is the president going all out in the senate and about dismissing and giving up on the house? >> i don't see it that way i think president is fight for majority and both i was just with them in north last week wih three battleground depressional seats there's no race or governor race there. georgia, yes there's a

competitive governor race but two houses georgia and one with karen handle a lot of competitive seats in florida and he wants to make sure that he keeps majority it is in the senate and house, and he's making the case to voters. hey if you don't give me majorities in both the democrats are going to come to raise taxes abolish i.c.e. and have opens so i need your help to keep majorities. >> president is coming up with sol ideas policy initiatives at the very last minute. and we would have the birthright are citizenship issue that came occupy yesterday. tax cuts, the week before, the the caravan always on the front burner with new ideas troops to the border. some people think it is kind of a scatter shot approach right before the election. what's your response to that? >> well they were talking about a second tax cut way back in the summer so that's not new. the president is forecasting what will happen in his second two years, i think it is good for people to see the vision

down the road. obviously we have immigration policy crisis in this country, that caravan has brought that to the forefront. we have not seen democrats offering ideas. we haven't even seen what they think about this caravan. but we have a border problem. we cannot have 7,000 people flood our borders we don't have the courts to do that. we don't have border patrol to do that. this is something that we have to tackle and president is the only one leading on this issue. >> you see the internal polls, we've got 6 days togs to the elections. so baring in mind what you've seen tell us how you think things are going to turn out. question one will republicans keep control of the house? >> i think that the republican ares can keep control of the house listen, it is neck and neck in about 21 races across the country. neck an neck so depend on turnout what i'm seeing in early voting right now and early absentee return that we're seeing across country is that we're hitting 2016 levels

enthusiasm is high with dhts but republicans are matching it. and -- i feel good about a lot of these battleground states that we are -- turn ling out our vote so sustain that through election day with the best closer in the businesses and president trump -- making his case in all of these battleground states in the final waning days of this election. so we can keep the house and i think we will keep the senate perhaps expand and gain seats which is unprecedented in first midterm of a midterm president. >> it would be. runner that would be quite a result and see you soon. thanks very much. yes, programming note real fast next tuesday, special election coverage begins at 7 p.m. eastern time on fox business network that is tuesday november the 6th election day on the air at night 7:00. futures -- are still looking good. got to be up about 200 poingts for the dow over 100 for nasdaq weeks ago he sat in oval office with the president now kanye says he's getting away from

politic. weal tell you why in a moment.

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right. who did you think of? >> ford motor -- >> oh, no. nows that good. [laughter] >> extraordinary stuff. he just blew us away a few months ago when he was on the show because of that we're bringing him back special treat for halloween i'm told he's doing something amazing with a kiwi fruit and first aid kit that's all i know. >> sounds like beginning of a joke. on this program today at 11:50 eastern time got it. kanye says he's distancing himself from politics. now why is he doing that, ash? >> that's a very good question. say that perhaps a little erratic liz peek and i were talking about this before the show. his music sufficiented because of his allegiance to trump and

considering going to the white house he's hurt album sales i wongd per in part you can hear backing up beeps as he's fulling back a little bit. i never said that i meant this. there's a sense that he's pulling back a little bit of his association. >> what do you think liz? >> i think that's right this is a great money making oaring's kardashian family and throughout the course of this year, his wife has frequently tweeted sort of tempering comments about things he has said. i think and i've heard you with read these scandal sheets his -- chris jener is very concerned about impact on family business and yes the last album that launched did extremely well and then -- tore torpedo so next week there's some maybe the family is kind of trying to hold him back and say too much. >> in retreat a little bit from mr. trump there you have it. okay we're going to take a very

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you know, things we've got what about 20 odd second to go before we open this market may i remind

you we're up 331 points yesterday and it look like we'll be up at least 150 when the bell stops ringing and they start trading this morning. so in other words, you've got five maybe six almost 700 point move between yesterday and the very early going this morning. caution, i have no clue how market will end this day. but we're off, running 9:30 eastern time on this wednesday morning and look at that right out of the box we're up 200 points or yeah 204 back above 25,in just a matter of momentst that a gain of .90%. the s&p show me please broader indicator 500 stocks on that one and up solid 1% now big one. nasdaq home of technology how's it doing yeah terrific. up 1.5% that's 113 points that is a technology rally. now, check the big name tech stocks. how are they doing? all of them on upside facebook is up. amazon is up.

apple is up. alphabet microsoft don't you love it up $2 right now. we'll have more on facebook in just one moment. you've got to look at general motors. profit in north america up 33%. it is with a lot of trucks and sport utility vehicles here at home and did well in china as well. look at that had 6, 7% up for gm. tick a breath stuart and hand show to somebody else. namely with shah gilani and shawn elizabeth macdonald and ashley webster start with shah a rough market in october. down about six, well said down about 1600 points subpoena is the worst over? >> for the time being yes. i don't think the worst is over for the rest of the year. i think we're going to peenging what happened in midterm bus really a big deal for market and talking about it earlier in the show. i'm cautious because this action has been very disturbing a lot of these companies are getting earnings have been pretty darn

god and getting hit. earnings cool out anding to goes up and next day when stock is down they get ham turd that happen but sustain appreciation they've had. thoak not do it that tell me there's nervousness in the majority so i'm worried that that hasn't flushed itself out yet that being said there are bargains galore here. >> we'll get to them in a moment. quick update on the economy big report on jobs today. 227,000 new job created in the private sector that is really strong. michelle if that is the way the stock market is going does that point to higher stock market? >> i disagree with with your idea of i think nervousness is positive. because that means that this bull market has a lot more room to run and particularly with with we have a 3.5gdp we have strong job reports and earnings are just so fantastic and eventually prices will catch up to earnings and that's what we're seeing. >> you look -- [inaudible conversations] you average out for year to

date -- monthly job gain and running arranged 210,000 that's better than last year better than 2016 average. >> we get the big number on friday morning. >> let's not forget consumer confidence in 18 had of year high. so we're also positive. more positive. this halloween -- yes. and dow is up -- yeah. it is up 250 points on dow industrials that is the news of the opening of the market. but look at facebook for a second. higher profits, the stock is up, i believe it is up about 5% that's a very big gain. now shah gilani aren't you the guy who sold your facebook not too long ago. got in and actually got stocked out when i loved it and i wanted to get it arranged 150 and got in earlier it came become down and i have tight rules and it got got down to 146 and now above there. right arranged here 150 it is a buy. again, i'm very comfortable with facebook and all of the stocks you have to be in my opinion prepared to buy lower levels to add to your position but turn

around you want to own this now. enings but you would be a buyer at 153. >> yes. some of the analyst is cutting ubs is cutting price target to 160 from 180 despite resultses. >> people are saying i'm getting off of facebook but that's on what's app instagram and still on message sore facebook has a solid platform. >> but background you have taxes they're going to be a lot of levy on google and facebook and amazon in particular with a worry for the long-term. >> a huge worry for the market i think in terms of these -- google and facebook they're ones that have taken on because of that again i don't think that worst is over for them. >> okay. but last thing, because this might turn around to go to new highs you missed out here you're going to be crying. [laughter] >> not on live television i hope. okay. for a benefit of our rad owe listeners and dow is up 230 points in the first four minutes

of business. it is a rally and we're back above 25,100. syringe stocks for the moving here we go. kellogg a weak forecast you do that and stock goes down. sure enough kellogg is down 7%. rosy forecast from health insurer anthem has gone up 3%. not so rosy are forecast from the game maker electronic arts and down it goes. it is all in the forecast isn't it? >> it is. at another video game company, this is talk about take two, they've got this game red, dead redemption this is absolutely astonishing that game brought in 725 million dollars in sales in just the first weekend. look at that stock. >> we're in the wrong business. >> 725 million is this the video game industry you want to get into this. empleght this is a great company with no debt a billion in cash and stock got hit hard this year because of the chinese

authorities kale out and knocked a game approved for ten cents. but all of the gaming companies they kind of got -- you know china is a huge marketplace they to go a hit but since it is up until 2017 previous five years this stock is up 850% so a tremendous -- and that's a huge number 725 million dollars in three days. >> this is a bigger new industry than marijuana. pledgets absolutely, and chinese market is a 34 billion market just in china. so you know, thinking about the future thinking about population gaming is probably the place to be. >> i've never played these games but i've looked over shoulder of a youngster who is playing them and they are astonishing they're so life like with extraordinary control of the characters. i mean i can get hooked -- 50 years younger. >> "varney & company" game. >> stuart -- grand theft auto. >> that was not fair. >> in a minivan. chrysler minivan sold it.

sold it. end of an era a new ford f-150 replaced van with a ford edge. take that. [laughter] fedex go with -- fedex right they're ending their discount program for members of the nra i don't think that's going to hurt. >> sorry it is not related to parking lot pittsburghing in the 11 and not making money off of the program nra. so doesn't hurt had the company at all but they've done it. what do we got here next case we've got guy who runs biggest mall company in america. he says -- no big deal that sears is going out. i'm not buying that. i'm just not buying that. >> yeah. it is definitely it hard to buy but i do think he has a point that a lot of retailers that are more smallering and customized like parker those are retailers that are doing really well and who knows those could fill spots

of sears so he could be making a point. >> wishful thinking. it is wishful thinking i agree with you stuart. go small number of them at a 7-year high i'm looking at one out of ten malls for halloween. >> and properties largest mall operator in the country he's guy who said don't choir sears is going out. it didn't bother us. >> what else will he say? [laughter] >> i told you wishful thinking because these are guy began tick stores not replace and break them down and get warehousing or something like that. that's a possibility but -- irony. going to be a problem in the long run. >> when you mentioned parker like this with with your glasses. these are parker they're eyeglass company. and eyeglass industry with with cheaper cool eyeglass. that's something you need to work it shall multiple pairs stuart. okay. >> all right. if i can read the prompghter i'm cool. [laughter]

will be streaming on these video plat formals. ashley, please phrase your answer in the form of a question. smg well, stu/alex how can we make money out of "jeopardy!" repeat as possible what you do go on to streaming already on hulu they did a picture for 60 episodes now netflix is joined in and going to air 40 -- they're going to stream 45 of the same 60 episodes that already available on hulu what's interesting none of this is exclusive anyone else wants to jump in if amazon wants say we should stream because i know you love "jeopardy!." it's a way of making as much squeezing and money as you can out of that whole franchise because it has been remarkably success. ming wheel of fortune and they've been on the air become to back on for reruns are -- incredible. you watch -- i love "jeopardy!." money machine. >> i never get answers fast enough. i knew that. [laughter] yes. as soon as someone else says

that. >> my recall is really -- clever. i can't believe that. [laughter] >> with liz oh look it is 9:40. sorry michelle you've got to go and it was great having you. what a great start to the day. look at it. we're up 230 points for the dow jones industrial average back above 25,100. a good way to end the rotten month of october. program aring note don't forget liz that would be you. new show airs the evening is called evening edit weeknights p.m. eastern here on fox business network that's a very nice picture. all right give you ten bucks you owe. in the mail the u.k. as in the brits going after big tech you know that. they want to tax revenue from some of the biggest american companies out will. amazon facebook, google in particular. we may not like it. but was this inevitable.

niguel will answer that question later on in the show. and end birthright citizenship i want to know does he have authority to do that? is had the judge great constitutional scholar is next. [ telephone rings ] [ client ] - hey maya. hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do.

it is a rally ladies and gentlemen up 270 points and very early going, of course you have that to yesterday's 430 point gain and i'm doing math we're up 700 points. not bad. google's wamo test self-driving cars in california on the road without a human behind the wheel. you have to tell me more about this. >> should stuart because there's going to be an engineer from a

remote location but not in the far first time ever for the state of california. the engineer from remote location will, obviously, be in touch with the the car will be steering will be there incase something goes wrong. i want to high light, though, has been doing this in arizona for a year. california, obviously, more congested. tons more people tons more landmarks it is going to be small cities stuart about 5 of them. so we will see what happens and, of course, everybody very much on edge since über had that fatal crash in march. back to you. >> i can't believe it is coming on so strong so quickly. all right deirdre thank you very much. a relationship kind of story easy jet says they will be flying electric plane v. soon. >> this is a wild, new trend that is taking hold. they are saying they're going to cut emissions with a new electric jet they were successful with the two seater. now they're testing a seater moving for a 180 seat electric

jet watch this boeing is working on hybrid electric plane working with airbus on an electric plane. they say they can cut, you know, emissions by about 30% and cheaper it is cheap orer to run an electric plane who knew. here they come astonishing. now president trump moments ago -- [laughter] is -- ashley saying it is a windup plane. [laughter] >> our president moments ago tweeted this, here we go. so-called birthright citizenship which cost our country billions of dollars and is very unfair to our citizens. will be ended one way or the other. it is not covered by the 14th amendment because of the words subject to the jurisdiction lover. many legal scholars agree. lest see if this legal scholar agrees his name is judge andrew napolitano. there's no serious legal merit to the argument that the 14th amendment rejects birthright

citizenship. there's no legitimate legal debate. >> so country, the country for 150 years has interpreted the 14th amendment to provide for birthright citizenship. anyone born here is automatically an american citizen. the arguments to the the contrary are are not serious legal arguments. >> so if he try to go the executive order rout it will quickly be rejected in the court. that's what you're saying. ivelg correct if he tries to go legislatively it will be rejected in courts because president can't change the constitution. and the congress can't change the constitution. only the states can if they ratify amendment that repeals this clause. here's what he's arguing, and here's what those who disagree with the way i've described this are arguing. you have the amendment right there. i'm going to summarize it all persons born or naturalized in the united states. and subject to the jurisdiction therefore are citizens of the united states and the state in which they were born. i think i've quoted it precisely

the phrase and subject to jurisdiction thereof applies to illegals they are subject to jurisdiction of the states they can be prosecuted for crimes they can sue if they're harmed. who in the united states is not subject to the jurisdiction? who foreign diplomats foreign heads of state that's the only exception should a foreign diplomat or foreign agent or a foreign head of state give birth while here? that person is not an american citizen. all of their births for citizenship at the moment of bit. >> just take your hat off as a constitutional scholar and talk to me as andrew napolitano would you be in favor of ending this birthright citizenship by whatever means. well only means could be a constitutional amendment. i would not be in favor it. >> no. i would not. it has worked out absolutely fine. for 150 years and there's no reason to cash it it. there are large numbers of people who come to country as a

pregnant woman deliberately to have a child in america and then get automatic right for citizenship for that child. >> so those people become -- those people are americans. there's american as i am. gaming the system. >> well what gain privilege look citizenship is a privilege it is a right if you were born here, and the government can't start saying you're not american enough. so we're going take your citizenship away that's the arguments that coming through the white house. >> that's not what the argument is. the argument is surely this right has been abused that it should not be abused in this way. that citizenship is a privilege which you work for and which you want. >> no it is not a -- you work for. you get it. i didn't you worked for it because you kale from another country. i didn't. emac didn't and people watch us now didn't we were born here and not something you work for and deserve it is something you get at the moment of birth the president needs to understand that.

>> wrong again here -- [laughter] >> for now. see you later. by the way, i spoke to group in california which you would address two years ago still in love with you. now he tells me. farmers and growers. come with regulation but they love varney take your word for it this is good news end of october good-bye october. hello november. we're up 250 points. general motors big profit in north america. up 33%, that stock up 7.5%. gary will join us on gm what are they doing is right? 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.

not quite the high of the day but we're with holding up there 1% gain 2 06 pint hoyer on this last trading day of that rotten month of october. mcdonald's has hit an all time high, no particular news driving it. but it is at 178 as we speak. general motors, that stock is up, it is profit in north america jumped 33% why it saw a lot of expensive truck and sport utility vehicles in the united states. gary gastelo is here our guy. so what kind of trucks big expensive truck that's what given the profit? >> fact that you see a lot of

expensive trucks in the face of less trucks overall sales are down. market shares down but a new sierra are out hitting it big they're introducing with and making the last generation truck. to fill in bottom end of the market but new ones they have earnings on the floor for two weeks before they're sold. quick turn arpd and this is in the face of kind of mid-land reviews. they don't have all of the features and amenities they don't haul as much as top trucks in the segment but chevy and gm see owners are very -- are very, you know, very -- you know loyal, they're loyal that's the word i'm looking for, obviously, sticking with brand and going for the big cab filledded with luxury features. how much do they cost? >> they start in the 30s. they go up to the 60s and 70s if you load them all the way up. >> i pay 54 thousand for a ford f-150 truck not exactly loaded but kivel i did that one year

ago. 54,000 or dollars. i think i've got a pretty good deal. that's 70,000 for a silverado that's getting up there. most of the truck you're seeing more in the 40 thowrk, 50,000 range that's in the most of them right now but again just not to pick up but suv and transaction prices are up in general. and that's here in the u.s., they're also seeing better sales in china for their vehicles and you know they ripped band aid off last year with ford having a lot of problems. that's gone now that's off the table and things are looking better for gm and asia right now. >> what's that talk about gm they're top selling suv. what's the brand there what's the mark? >> so look, the most expensive ones are the chevy tahoe gm and silverado those vehicles they're again the kind to load up to high prices and still a lot of those as well. they're older, though, silverado is brand new recently drove that myself and cooling into show room so that's getting there. this quarter, is really amazing that they've been able to bring so many profits out of it so quickly.

>> the analysts was surprised at this report from gm. you remember not? >> no i was i didn't think they have enough of these in the pipeline and especially in the face of not just lower sales but higher -- higher fleet sales. interesting stuff. gary thank you very much for joining us as always thank you. right we've got 6 days to go until midterm now look if democrats win a majority in the house they are going to control sol really key committee i think that could make toxic politics even worse don't want to scare you but this is halloween my take on the democrats controlling the committees after this.

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questions you have and help you choose the plan that's right for you. the call is free and there's no obligation. you know medicare won't cover all your medical costs, so call now and see why a medicare supplement plan from a company like humana, just might be the answer. stuart: if the democrats win the majority in the house it will be democrats who cherokee

committees. since the chair is picked largely on basis of senority, we know who they will be. let me introduce you to the democrats who will become very powerful if the democrats win next week. maxine waters will chair the financial services committee. [screaming] known for her slogan, impeach 45 and encouraging confrontation with republicans, she would be in charge of banking regulations. new yorker, gerald nadler. he would chair the judiciary committee. he wants to reopen the kavanaugh hearings and talks of impeachment. 20 years ago he clashed with donald trump over a new york city development project. they have been enemies ever since. look what is in store. new yorker, nita lowey would take over the appropriations committee which oversee discretionary spending. she wants to spend more. the all morn ways and means

committee which writes tax rules. richard neil is in line to run it. he is vocal of the trump tax cuts. new jersey, frank pallone's, energy and commerce, he wants to reverse trump's roll back of environmental rules, important to add here before we do any screaming any policy changes would almost certainly fail in the republican-held senate. if they didn't stop there, a presidential veto would certainly stop them. policy stalemate is the likely outcome. if the democrats do take over those house committees, they would make a lot of noise. they would hold very contentious hearings. they would start all kinds of investigations, and they would surely go for impeachment of the president to upset his 2020 campaign. in short our uncivil, toxic politics would only get worse. scary? yes indeed. [screaming] but it is halloween. second hour of "varney & company" is about to

begin. ♪ stuart: 700 point gain in just a few hours, up 299. 25,174. gm as we said frequently did very well in north america. profits up 33%. the stock is up 6%. ge as in general electric, got up frayed from ubs. struggles back to $10 a share. big tech names, apple, microsoft, two of the biggest gainers, they are dow stocks. facebook after the earnings report it is up nearly 10 bucks at 156. ray wong, you like facebook, if i'm not mistaken, ray? you said it will go to what,

$200 in 12 months? >> i do. i love them. happy halloween. stuart: why? what is so good about facebook? >> one-fourth of the world's population as users, that is a great foundation. they bottomed out from the privacy scandals, the security breach. i think they bottomed out. revenue shows advertisers are still coming to them. that is the fundamental piece for their news feed. they're trying to move into the messaging, the stories, the private areas. that is where they're struggling along with adding a lot of headcount. stuart: i will stick with the big tech companies you like. i know you like alibaba. make your case. why do you like this particular stock? >> alibaba is doing really well. one thing coming up is singles day which is 11/11. they make 25 billion on the singles' day, one day. combination of cyber monday, black friday combined in 2016 in revenue. they are trading much lower p-e

ratio than amazon. here is the kicker. they're at a 50% low from their all-time high. it is time to get in. i think a lot of opportunities happening there. they have a lot of invests that go beyond just commerce, they extend down into payments, get into some of the networking pieces an investments and media. stuart: two last ones. that will be amazon and netflix. both of them have been beaten down. would you buy either of them? >> i would. i think, i think the tech rout, it is still going on a little bit, if you're on the long haul. it is a good time. you can never time the market. i think there is really good opportunity on the amazon side. we haven't seen the commerce sales. we haven't seen what is happening coming up in q4, black friday, cyber monday, especially on the cyber monday side. prime subscriptions are doing well. they're doing well on the aws side of the house. we're seeing folks jump to google and microsoft for their

cloud needs. on the netflix side, subscriber growth is good, right? the fundamentals. they have great subscriber growth. content is doing really well. those things are factors adding to the most important piece, which is daily active users, monthly active users. we're seeing growth in all the areas. stuart: you make people feel pretty good i have to say after the tech rout. they're coming back at least today, you think they keep on coming back. rhea, thank you for joining us as always. we'll see you soon. >> thanks. stuart: get back to my take. i was talking here at the top of the hour about the democrats who will take over leadership positions if the democrats win back control of the house. [screaming] i think we overused that. come on in charles hurt. he is laughing. he likes it. fox news contributor, "washington times" opinion editor. my conclusion that if the democrats win the house, these democrats chair those key committees, i think the toxic political atmosphere gets a lot

worse. do you agree with that? >> i don't think you can overuse that scream. you will have to bring that scream out an awful lot other next two years if democrats do manage to take over the house but, yeah, i think you're absolutely right. i think as bad as things are, think they get infinitely worse. we've seen just in the last week or two with horrific tragedy in pittsburgh and the events before that with the, the bomb mailer guy, you know, there is nothing that is out of the realm of politics anymore, democrats are quick to blame donald trump for absolutely anything. the press does nothing to try to sort of temper any of that stuff or shed, you know, any kind of balance about any of this stuff, and so i think, that i think you're exactly right. that is a taste what we'll see for the next two years. you will have investigations. stuart: yeah.

>> you will have, it is the resist movement, it is going to take over the house. stuart: i don't think we would see reversal of any of mr. trump's policies from the first two years because you got the senate which probably stays republican and president has a veto pen, but nonetheless it would halt any progress towards more tax cuts or more deregulation. it would come to a dead stop. >> absolutely. i think, actually be very little of anything legislatively gets accomplished in the next two years. the silver lining for donald trump of course is, that i think. i agree. i think senate does remain, he can turn focus to judiciary which is bright spot for conservatives. he can get a lot of judgeships filled working with just the senate. the other side after two years of listening to nancy pelosi and democrats embarass themselves in the house, that will gin up trump's supporters like nothing

else. there will be nothing that inspires them more. stuart: if we have another two years of investigations, probes, subpoenas, committee hearings, and yet, impeachment that could easily backfire because i'm not sure the public really wants all of that? >> no. you know, when you look back at, you know, absolutely the public has a limited amount of patience for any of this stuff, whether you're republican, or democrat, even in cases where somebody, a president has done something that is marginally wrong, take for example, the situation with bill clinton and monica lewinsky, there was a real exhaustion among the public, even though the president clearly lied about the situation, clearly did some very bad things, the public just, they just get tired of it. they don't want to hear about all the politics. they want washington to be a place where people come together to get things done, and functions in a normal fashion. stuart: by the way i don't think

it's a done deal that the democrats retake the house. i don't think that is done deal at all. >> i agree with you. stuart: the trend is very favorable to the republicans at this point. >> fact that the boldest projections are we're talking 30, 40 seats, that is still, so much lower than the 63 seats that barack obama lost in his first midterm. stuart: how about that? charles, thanks for joining us as always. see you again soon. thank you. the federal reserve proposing new rules to govern banks. hold on a second, ash, can you make me understand this? >> basically they want the rules, proportion to the amount and size of the banks. biggest banks, systemic banks with global footprint, all interconnected, they would have most stringent rules. the small regional banks would not have those same stringent rules. this is after the banking

crisis, those regional banks were handcuffed basically the same level as the huge banks. it is very unfair. everybody recognizes this, these flue rules give smaller banks with less after big foot print a better chance, less regulation. stuart: that that is a good sto. when you explain it like that i got it. liz: means loans and credit. stuart: that's a big deal. we have a big hour coming up for you. google blocking a campaign ad for republican senate candidate marsha blackburn. google says it is too shocking for you to see. social media determining what we can see? how about that? we're on it. toss-up race in new jersey, trying to unseat democrat senator bob menendez. president trump holding 11 rallies but not a one in new jersey. will mr. hugin welcome trump in new jersey? i will ask him. the news media coverage is

88% negative for republicans, even worse for mr. trump. we'll deal with that later this hour. because you're watching the second hour of "varney & company." ♪ fact is, every insurance company hopes you drive safely. but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands?

stuart: keeping you up to speed on this market rally. we have a market rally. up 430 yesterday. up 260 right now. we're back at 25,100. look at yum brands, parent of kfc, pizza hut, taco bell. strong global sales. that is doing the stock good. papa johns the pizza outfit, some reports that private equity firms want to buy it. that is not doing much for the company. the stock is up 20 cents. president trump is considering ending birthright

citizenship. our next guest did you not agree with the president. look at this a tweet from new jersey gop senate candidate bob hugin. listen to this the president is wrong to end birthright citizenship. i took an oath to defend the constitution, including the 14th amendment. we're a nation of immigrants, made better by the diversity of its people especially in new jersey. we need compassionate comprehensive immigration reform now. that was written by bob hugin, joins us now in new york city. senatorial candidate for great state of new jersey. >> great to be with you, stuart. stuart: why are you rejecting the president? >> i really criticized president obama for the executive over reach. he tried to change the economy and restrict business opportunity, doing thing presidents shouldn't do. we should bring together, if we want to change the 14th amendment, change the birthright issue, make sure it is right process. stuart: you don't want to change it? you want to keep it? >> listen, i think we need to fix the comprehensive immigration. we should have secure borders. the fact people are here

illegally is our fault. get the border secured. get things done. get people, building, productive, constructive lives in america a pathway to citizenship. when we have secure borders we can start enforcing the law right. it is our problem. we can do better than we're doing. stuart: now the president is going on, he is going to 11 different rallies, all around the country but he is not going to new jersey. >> yeah. stuart: would you want him to come to new jersey to back you up as a senate candidate? no stuart, we have a senator here in new jersey has been in washington 25 years, 16 of years with democratic president and new jersey who is dead last. we have a senator indicted by the obama administration, bipartisan ethics committee said he violated federal law. abused power of his office, disgraced the senate, corrupt, ineffective, hypocritical. this race is about the people of new jersey. i have to keep it there. the people of new jersey deserve better. we'll give them better. focus on bob menendez versus bob

hugin. listen the president is doing great things for the economy and people of new jersey need to know i will stand up for them as independent voice. new jersey is so you know served for so long, it is time for change. stuart: the official polls made public, show it's a very, very tight race between you and senator menendez. what are your internal polls telling you? >> stuart, the momentum is palpable. our internal polls have us up winning. so. stuart: how many points? this is internal stuff. >> absolutely. stuart: favorable to you, but you're -- >> we don't want favorable internal polls. we want polls who will vote make right judgments. so we plan our ads, strategy, grassroots get vote out a right way. we're up just a little bit. remember new jersey is 900,000 plus more registered democrats than republicans. we don't take things for granted. we will give new jersey the full facts about me and bob menendez.

i'm not product of a party. i want to be independent. i want to put people ahead of partisan politics. stuart: i live in new jersey. when i turn on my tv set, it is just plastered, wall-to-wall with political ads. you're right up there. there is loads of ads for bob hugin. >> absolutely. stuart: did the gop pump a lot of money outside into your campaign? >> no. to be honest with you, stuart, they haven't. i'm okay. my wife and i funded this campaign. schumer has put 7 million. washington about 12 million in ads against me. but, no outside sources other than people who are my friends and my supporters are financing this campaign. we really had virtually nothing from any national republicans. listen, we'll win the race. we'll be an independent voice to serve the people of new jersey. stuart: forgive me for asking, not a personal question, you self-funded, at least part of your campaign. >> most of it. >> you're a business guy. >> i've been blessed. first in my family to go to college. i started home plate like

everybody else. i've been living the american dream. i served seven years in the marine corps. i went to business school. i worked on wall street at jpmorgan 14 years. then i went to a company, a biotech company six weeks of cash left joined it. took my compensation in equity stock, we turned that company into one of the world's leading fighters against cancer. i'm proud of it. my wife and i are doing this, we were morally offended this guy was elected virtual i unopposed for failing to do for the good people of new jersey. stuart: your internal poll shows you two points ahead of senator menendez. >> the momentum is strong. we're going to 8:00 on november 6th. stuart: i don't know how we'll do it. >> we'll make it happen, stuart. stuart: bob huge begin. i should tell our viewers we reached out to senator menendez to appear on the program. i don't believe we received a reply to that request as of now.

bob, thank you very much. the caravan, talking about, that still forging ahead. the president says mexico should stop it before he reaches our borders but he says the mexicans will not stop it. we have a live report from the border. we'll find out exactly what is happening on the ground. programing note, liz macdonald's show, "the evening edit," it is a promo. sit up straight. it's a week night show, 6:00 p.m. eastern time. it is the latest varney spin-off. liz: that's great. stuart: and the dow is up 300. don't you love it? liz: yay. ♪ vo: old and even inaccurate search results can

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stuart: with the dow up 300 points, let's check the price of oil which is down to the $65 a barrel level as we speak. the price of gold will be down a little bit. around $1214 per ounce. it is down 10 bucks. the migrant caravan, yes it is still making its way towards america. this is president trump tweeting earlier this morning. our military is being mobilized at southern border. many more troops coming. we will not let these caravans which is also made up of very bad thugs and gang members into the u.s. our border is sacred. must come in legally. turn around in all caps. william la jeunesse is with the caravan in mexico. the president says it is full of thugs and gang members. what are you seeing? reporter: i talked to a guy a minute ago, yeah we're filled with criminals. we have them here, any large

group of 5000 or more you will probably have that. there is no secret there are bad people here. one of the immigrants told me there were. we talked a two gang members a human trafficker, a drug trafficker from north carolina. there is definitely people here. mexico deported 2 hondurans. one wanted for attempted murder and i can't remember the other one last night from the caravan down on the river. one of the guys told me this morning, he said i thought it was great. president trump has to say that, if he didn't, all of honduras would to the united states. don't come in here, go home. otherwise the whole country would go up there. let me talk about today. the caravan is not moving today. they have requested buses from the mexican government to take them to mexico city. the reason why. the next trench of road, 100 miles, winding, curvy, blind curves. it is dangerous for the caravan

as well as motorists. there was an election here. three men, three women were elected by caravan with negotiations for mexican government, staying here and transportation to the border. numbers, stuart, it is all over the place. the police said there were less than 5000 people. you talk to some of the people, they say other people are still coming. hard to tell. definitely some have trane a train to the u.s. there are medical issues with some of the families. i spoke to 20 people yesterday who are staying here. they have swollen glands, inflamed muscles that kind of thing. we did speak to the deported u.s. human trafficker. he says he will stay here, or go to canada. stuart: okay. william la jeunesse in southern mexico. william, thank you very much indeed. i think we lost the signal very briefly. william, good information right there. more on the caravan. later this hour we'll talk to general jack keane. he just spoke to the commander in charge of all of our military

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liz: at lowest level in two years. u.s., russia, sauds, producing oil at record highs. ashley: six weeks in a row build. stuart: we have a lot of supply. liz: that's right. stuart: look, we're down to 65, $66 per barrel. so plenty of supply out there. ashley: global demand going down. stuart: what was the average price of gas around the country? i believe it dropped below 2.80. liz: they're pumping flat-out as u.s. sanctions on iran oil comes in december. stuart: fine with me. they're all up today, nice gains. look at facebook up 5%. videogame maker, take two, their new game, red dead redemption ii, it made 725 million-dollar in sales in just the first weekend. no wonder the stock is zooming. get back to my editorial at top of the hour. i was detailing new chairs of various committees in the house if democrats take the house. brad blakeman is here with us in

new york city today. if the democrats retake the house, the committees, powerful committees will be run by old-line democrats who hate president trump. i don't think that is a very good idea. >> it's a terrible strategy, i think for democrats. inmates running the asylum. revenge time. gridlock we never seen if that were to happen and it is the old guard. there is a real fight in the democratic party, who they are, what they stand for. the young guard who call them socialist democrats. and then you have the old guard who are, basically socialist liberals themselves but not to the degree of the younger crowd. stuart: the old guard chairs these committees, maxine waters is 80 years old. she takes financial services. >> yeah. stuart: gerald nadler is in his 70s. he takes judiciary, so on down the line. it is old leftist guard. >> absolutely. stuart: that takes control. i got to get back to this. the toxicity of our politics will only get worse if this

happens. i don't think america likes it. >> no. if they win they lose, because at the end of the day in two years the american people will be so fed up, i think it will totally backfire on the democrats. stuart: they would stymie any further regulation and dax cuts? they could stop that. >> not deregulation, the president has power of bureaucracy, the second i have is branch. the problem is legislation. the a lot of key legislative items the president had great success on will be stymied by a do-nothing house. stuart: yes, but the house would not be able to reverse the legislation of the first two years because the senate wouldn't go along with it. the president could always veto it, wouldn't he? >> absolutely. they would not have the votes to override. stuart: the worst part is the toxicity of the public disoccur. liz: people are tire of it. as charlie hurt said, in the monica lewinsky scandal. this will backfire on them in

2020 presidential election. stuart: as brad said they will lose by winning if they go to toxicity. >> right. stuart: you have to leave us real fast. thanks for being with us. a pressure. thank you. stuart: check the markets again. i think this is the high of the day, look at that, up 364 points for the dow, that is better than 1%. would you look at nasdaq, it is up 187 points. that is over 2 1/2%. that is big rally in technology. greg valliere, with us, horizon investments chief global strategist. greg, president trump says the market goes down if the democrats take back the house. what do you say? >> i don't think so. i'm not sure i agree with that for one simple reason you just touched on with your previous guest, that is, trump has a veto. trump would veto anything that emerged from congress that kills his economic agenda, raises taxes. so, no, i think markets may worry more if this president continues to be belittle the

fed, says the federal reserve has gone crazy. that is unnerving for the markets. stuart: okay. we're coming to the end of what we'll call red october. i have great hopes for november. because the fundamentals, as we said the underpinnings of the market, profitability, economic growth seem to me to be adjuster risk? >> i think the last few days are really significant to see the market move up by this much. had that not happened, i think there would be up easiness it might have hurt republicans. this rally is a big plus heading into the election. stuart: do you think it will hold? we don't like to predict how the market will close a few hours from now, let alone tomorrow or the next day? >> there is focus, justifiable, how good fundamentals are. we have oil prices dropping. inflation fear is greatly overdone. i think the fed may have to slow its tightening pace in 2019. so the fundamentals still look very good, even though from a policy standpoint i got to be honest, with you, stuart.

the china trade fight. the fed bashing are not constructive. stuart: do you think the china trade fight is the biggest worry on wall street? >> yeah i would argue. china has done a lot of thing to warrant retaliation from the u.s. however, a lot of companies, he specially in in te midwest, rely on supplies in the supply chain are having to slow their plans. i think that uncertainty is not a plus. stuart: but there is a possibility of a last, not a last-minute deal before the election but after the election, there is a good shot at a sudden, quick, deal, no? >> well, who knows. the chinese, some chinese say, we'll try to wait out trump, see if he doesn't get reelected. i don't think that is a smart strategy. i think all of us are hopeful in buenos aires on november 30th we resurrect a personal relationship between xi and trump. i think between now and then the china trade outlook stays quite

rocky. stuart: greg valliere, we got it. big money spent on halloween costumes for pets. how much? ashley: 30 million people will spend $480 million on pet costumes. double the amount from 2010. nine billion over all this year. 15% of all halloween purchases are on costumes will go to your pets. you're wondering about that. what is the number one pet costume. liz: hot dog. ashley: number two. very good emac. stuart: what is number un? ashley: pumpkin. not very creative. number three, bumblebee. stuart: we spend $480 million? ashley: who is most likely to do this. millenials. most likely to dress up their pets. the big reason for this social media. you want to take pictures and post it on social media of your pet, dressed up like halloween.

liz: you are the chief of fun police. anti-fun. ashley: there is good look. stuart: i'm right about lotteries, i'm right about spending on pest costumes. ashley: yes, yes. because, humbug. liz: you're right. stuart: let's change the subject. let's get serious. britain, where you and i originally came from. ashley: indeed. stuart: britain going after our, that would be american big tech companies. some say it is just a money grab. i think it is inevitable that they go after them. i want to know if nigel farage agrees with me on this one. nigel joins us in the next hour. our military mobilized at the southern border. president trump is telling the caravan people, hey, turn around because our military going to the border. general jack keane is just briefed what our military is preparing to do down there. he will join us next. meanwhile, look at this, i think this is the high of the day, another one.

we're up 1 1/2%. 375 points higher. we're going up today. ♪ ♪ we're in memphis, tennessee, a city with one of the highest increases of women-owned businesses in the u.s. it's really this constant juxtaposition when you're a mom and an entrepreneur. with more businesses starting every day, how do they plan for their financial wellness? i am very mindful of the sacrifices that i make. so i have to manage my time wisely. plan your financial life with prudential. bring your challenges.

♪ ashley: rnc chairwoman ronna romney mcdaniel is with us last hour. she says, she is optimistic about the midterm elections. take a listen. >> the republicans can keep

control of the house, listen it is neck-and-neck in about 21 races across the country. neck-and-neck. it will depend on turnout, what i'm seeing in early voting, early absentee returns we're seeing across the country, we're hitting 2016 levels. enthusiasm is high with democrats but republicans are matching it. and i feel good about a lot of these battleground states, that we are turning out our vote. so can we sustain that through election day? we have the best closer in the business in president trump, making his case in all of these battleground states in the final waning days of this election. ♪

stuart: not quite the high of the day. yes it is. up 382. that is the new high of the day. we're up 1 1/2%. that is a solid rally. if you add that to the 430 points we were up yesterday, i'm doing the math, that is up over 800 points in a few hours. we'll take that one. how about big tech, that is leading this rally. look at that, facebook we've got up 5%. we've got amazon up 5%. 2% up for apple, 4% for google and even microsoft coming through for me, a gain of 4%. i call that a big tech rally. weaker forecast from kellogg, the cereal people. when you make a weak forecast,

your stock goes down, kellogg is down 8%. the migrant caravan, about 5000 active duty troops being deployed to the border. president trump wants to stop that migrant caravan. don't come into this country he says. general jack keane is with us. fox news senior strategic analyst. welcome back to the show. >> always good to be here, stuart. stuart: i believe you were briefed by the commander in charge of all the forces at the border. what did he tell you? >> this is general o'shaughnessy, commander of northern command. they're responsible defending america. what he told me is that despite low morale of people in the first carry van, numbers are going down, the first caravan and second one out of honduras, they seemed to be better organized than anything they have seen before and the second thing he said which certainly is newsworthy, is that they're more

to violence, particularly the second caravan. so they have some concern about all of that as they begin to approach the border. stuart: if our guys, our troops are at the border, regardless of who they are, whether they're engineers, doctors, lawyers, or guys carrying guns, that second caravan, if it's a violent group, they could provoke an incident very easily with our troops. it could end in tragedy, couldn't it? >> it could. here is what they're doing. they're trying to prevent something like that from happening. so the first task they have is to reinforce the port of entries. and, because there are more cars come through there than people obviously. we're putting constantine wire and barriers in the port of entry and gaps around that. the second thing they're doing, they're tracking the caravans. they're tracking them right now with satellite. as they get closer they will track them with helicopters 24/7, also with drones.

the purpose of that, to be able to anticipate where the caravan is going to go. and then, the general indicated he has air force cargo airplanes on stand by, three c-130s, and one c 17, to pick up the custom and border patrol by the numbers, take them to the anticipated spots wherever they are. if they're in remote areas, they will put them on helicopters and take them there. that is basically the plan. then he has got other troops to provide mellow gist tick support for the troops -- medical, logistic support for the troops there and migrants if necessary. stuart: that is respond in the right place quickly and accurately. there is also, we, we have the border patrol warning texas landowners of armed civilians patrolling the border. i guess you could call these vigilantes, our guys, americans, vigilantes. that is the last thing you want. >> well they have always done that but, they are probably more

focused now because of all the publicity surrounding that. we really don't need it. we need to leave it up to the law enforcement officials and customs and border patrol. they know how to deal with this. they know how to deal with the threat level when it goes up. what -- stuart: what you're telling me our troops, our guys will be moved around very quickly to the right place to back up the border patrol people? that is what military assets are being used for? >> military assets move the customs and border patrol around. people in contact are customs and border patrol. it will not be the u.s. military. stuart: under any circumstances? >> let's just say -- stuart: i understand. >> there is always possibilities, unforeseen possibilities. stuart: isn't that the nature of conflict? >> you got that right. stuart: general keen, always a pleasure talking to you. >> yes, sir. stuart: we have a bombshell report from the media research

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stuart: some individual stocks making news, and are moving. first off, the health insurer, anthem, rosy forecast, up they go. three bucks. that is up just 1 1/2%. not such a rosy forecast from the electronic game-maker, that would be electronic arts. that, when you make a poor forecast, down goes the stock, off 3% as we speak. the media blaming president trump for the toxic political atmosphere. martha maccallum is with us, host of "the story" with martha maccallum on the fox news channel. >> good morning. stuart: big picture, the media blames trump for toxic politics. what do you say? >> when you look at the survey, overwhelming amount of stories are written negatively about the president and the administration, it does sort of, it goes how deep the divide is in the country right now. when you look at elevated interest in politics, i

nephewsed to listen but i can't get enough of it. i used to listen to music on radio when i drove my car. i realize i never do anymore. i think people are so engaged. but i think the negative news coverage of the president which to some extent is, some of it is fair and some of it is unfair. the problem it is all grouped together all the time. so it makes it indiscernible. stuart: mrc, media research center, 88% of coverage of republicans is negative. it is even worse than that when you look at president trump, you know? >> no. i think that's why, that you see such a deep division in the way people are watching and way people are taking in information, because they feel like, that it can't possibly be all bad, right? their gut tells them it can't possibly be all bad. it will be so interesting, watching midterm election, you do see the question about the suburbs.

that is where the interesting election will take place. i talk to a lot of women, in my daily life, a lot of moms, people live in the suburbs of that country, when they walk in, it will be interesting, they will ask how much does horseface really bother me, or care about the economy, small about, how things are going now. in the silence and privacy of those election booths they will make that decision. i think it will be really fascinating to see what is more important to them. stuart: one thing i would love to see is the report i saw yesterday that more people are watching the fox news channel and you, than msnbc and cnn combined. want to take a victory lap? >> when you watch the other channels, they're basically saying exactly -- they're portraying news a way that is so unbelievable and so obvious they're not watching what we're doing. because we are giving a fair

shake, and i think people are, people are drawn to that. stuart: do you think in the era of president trump, that can possibly change? i tend to feel that the media is so dislikes him, is so contemptuous of him, they can turn it around. >> the late great, charles krauthamer, coined the phrase, bush derangement syndrome. everything was blamed on president bush. acts of natural disaster, no matter what it was. people forget that. this is such a unique circumstance. because of the personality of president trump, because he is willing to push back so hard against the people who, you know, just cannot see anything positive or negative, they can't see both shade of what's going on, he lashes out, so he is the different factor, right? there is always been president that hated the press and press hard on the president. clintons constantly said the press was so unfair to them day

in, day out, right? it is uniqueness of this personality that exacerbates both sides. so happy halloween. [laughter]. stuart: uniqueness of this presidency and his personality, absolutely unique, got it right. martha as always. we will be watching tonight. >> thanks, stuart. stuart: check the big board. we're still holding on to a nice gain. 300 points. that is one .25%. what is leading the rally, big tech, look at them go. facebook up 5%. amazon, 4.8%. apple, big gain. microsoft up 3 1/2%. ladies and gentlemen, it's a rally. now then, you remember this guy? oz pearlman is the name. he is a mentalist. he did amazing tricks for us a few months ago. well he is back on the show today. he has a new trick, it involves kiwi fruit and first-aid kit.

that is all i know. ashley: now i'm nervous. stuart: 11:50 from now. an hour from now. you will see oz. he is back. ♪

stuart: good-bye, october, and good riddance. hello, november. oh, we live in hope. maybe i should explain myself. it won't take long to dismiss october. stock market selloff, gross incivility in our politics and the month ended with the horrific shooting in pittsburgh. fortunately, the month is almost over. so let's welcome november. here's why i'm hopeful. number one, we've got a good shot at a stock market rebound. remember companies are now reporting a huge gain, 25% better profits on average. that surely is good for stocks. number two, the good news on the

economy will keep on coming. america is in a buying mood and the holidays are coming. more jobs, more job openings, higher wages. there's a buzz, prosperity is in the air. okay, i know that you're thinking november won't be so good if the gop loses control of the house. a democrat win would indeed be a problem for the economy and the markets. but the polls suggest it will be a very close election, not a blue tidal wave, and if you check the trend, it is towards the republicans. plus the president is about to start a whirlwind tour of battleground states. there will be 11 rallies in the next six days. now, he did exactly the same thing before the presidential election in 2016. it worked then. he could pull off a win now. just think what's in store for the economy and the markets if the gop does keep the house and maybe increases its majority in the senate. more tax cuts and infrastructure

program and even government spending cuts. so cheer up. there's only, what, 13 hours left in october and november could be really cool. the third hour of "varney & company" is about to begin. stuart: here's a reason to smile. the market is up very nicely, thank you very much indeed. there's a big rally where we are away from the high of the morning. we were up 380 but we're now up 311, but we will take it. come on in. ron carson with the carson group. you tell me what happens to the market if the democrats do win the house next week. >> you know, stuart, i think it's probably in the market. i know you talk about how close it is and trump's definitely going to be out there in the battleground states. i think the market right now expects and we expect that they

are going to hold on to the senate, the republicans are, and the democrats, it will be close, but are probably going to take over the house, and i think the market's expecting that. if you look back, the market likes gridlock. they don't really want either party to be in full control, and so you know, i think the bigger story here is, you mentioned the economy is strong. one of the issues we have, we have a real shortage of human capital. that's going to raise inflation. what's that do to the fed next year. we still think it will be probably three raises, quarter point raises and then of course -- stuart: hold on. hold on. i've got to -- no selloff on november 7th, the day after the election, if the democrats win, no serious selloff, right? >> i don't think so. stuart: okay. >> you know, forecasting a day is difficult. you know, one of the things our

director of research made a great point last week. everybody is talking about hey, we had a 10% correction. we have had a lot of bear markets underneath the surface. it's really been masked by a few stocks going up a lot. so it's been fairly healthy for the market. people talk about this being the longest bull market when, in fact, i think that's pretty debatable and coming to within just a whisker of hitting some of these key what is officially a correction. we think that, you know, selectively surgically picking where you want to go, there are some pretty decent plays on the market. stuart: i just want to get this in. i read your stuff and obviously, you are saying that the fundamentals, as in economic growth, jobs, wages, profits, all look real good, all real strong. why do you say that trade is such a big negative that it overweighs all those good things about the economy?

what's so bad about the trade thing? >> yeah. here's what it is. you read the estimates of what it's going to shave off of gdp and it's not a lot. if you just look at the number itself. but what it does is it can shift psyche. one of the things that president trump did is he gave people confidence that it was going to be -- that regulation wasn't going to continue, the business environment wasn't going to continue to get worse. so well before that happened, the market rallied because of that. i think the same thing with trade. they look at a number, you say that number's not such a big deal, but if we get in a major battle with china, i think it really does weigh on corporate psyches and they are much, much more conservative looking into the future. i think that's the bigger headwind that we end up with. stuart: okay. i got you. i'm sure you saw the results from general motors this morning, their profit in north america up 33% and the stock is up 8% as we speak.

i think that performance in north america suggests we've got a strong american economy. you buying that? >> i do. no, the economy is strong. now, general motors is a different story, i think. if you own general motors, i might lighten or sell my position. there's a great example of corporations are not discounting in order to increase volumes but they're holding the discipline on profitability and we're not only seeing it with general motors, we are seeing this across the board. you also have to ask yourself with autonomous cars on the horizon, with lyft, uber, ride sharing, is that positive or negative for the auto industry. i think you need to look at places that are in very long positive long-term trends, and like we think lockheed martin, great place to be, and general moto motors. stuart: do you own general

motors, by the way? >> we do not. no. stuart: you own lockheed martin? >> we do. stuart: okay. >> we do own lockheed martin. stuart: you have done very well with it, ron carson, if i'm not mistaken. smile, son, smile. ron carson, thanks for joining us. all good stuff. thank you very much indeed. >> thanks, stuart. stuart: now this. this to me is an astonishing number. this is all about this new video game, red dead redemption 2. they have pulled in $725 million in just the first weekend, three days. that's how much money this new game took in. $725 million. k2 interactive makes this game and they say it was the single biggest opening weekend in the history of entertainment. that's quite a statement, i'd say. that's a big number. the stock is up two bucks, about 1.5%. then there's this. the ceo of the simon property group, the largest operator in

the country, says the demise of sears is a good thing. the ceo says his company will be able to take the empty spaces and turn them into multiple stores and charge nice rental income for them. i think he's talking up his own book. i'm not so sure -- that's just me. good news for fans of the game show "jeopardy." it's now streaming on netflix for the first time. netflix will have 45 episodes on its site. netflix stock is way up, not because of "jeopardy" but other reasons. nice rebound on netflix to $300 a share. there are other stories and we are watching them for you. there are now three caravans heading towards america and now, the border patrol is warning people in texas hey, be prepared for armed civilians on our side of the border. the pentagon is also identifying several thousand troops who are ready to go to the border if needed. that's a new and higher number. germany's angela merkel stepping down from the

leadership of her party, saying she won't run for re-election as chancellor. she's out of politics. this is because of her handling of the european migrant crisis? we will ask that question. president trump doubling down. he wants to use an executive order to end birthright citizenship and he says the 14th amendment does not protect it. we are on it. the last day of trading in october, thank goodness. the market is rallying. stay with us. jam-packed third hour just getting started. i am an indepel advisor. it's our name on the door. we are accountable to our clients everyday. we have the freedom to build a plan. a porfolio based specifically on their needs. we're fiduciaries, stewards of our clients' money. entrusted to do what's right. it's a mission. a guiding principle our firm lives by.

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tonight in ft. myers, florida. let's get the latest on the caravan. here we have it. there are now three caravans heading towards our southern border. the border patrol is warning people in texas watch out for armed civilians on our side of the border trying to keep migrants out. not exactly good news. joining us is brandon judd, active border patrol agent and president of the national border patrol council. i have to say, this is the last thing you want, armed civilians on our side of the border chasing down any migrants who get through. you don't want this, do you? >> no, it makes it a lot more difficult for us. it's not unprecedented. we saw this with the minute men and the american border patrol in the mid 2000s when we had an unprecedented number of illegal entrants in the tucson sector, but it makes our job more difficult because when citizens see them on the border, they are going to call us, forcing us to deploy our resources to that

area, and potentially causing gaps in our coverage. so no, it's never something we want to see. stuart: just a few moments ago, retired four-star general jack keane was on the program and told us our military is watching the caravan, the second caravan in particular because it's likely to be more violent, they are watching it with drones and satellite. they know exactly where it is. that's good news for you guys because you will know exactly at which point on the border they will arrive at. >> it's extremely good news. when you look at this, the mainstream media is saying we shouldn't have the military, but in reality, we are seeing something that we have never seen before. we have dealt with caravans but we have never dealt with multiple caravans of this size. so we have to take different action. that's what the american public expected of president trump and that's exactly what he's delivering. he is doing things differently and because he's doing things differently, the mainstream

media is castigating him for it. it doesn't make sense. stuart: basically our military will be a logistical force, so that when they know of caravans arriving here, they will fly you guys, border patrol people, in large numbers to that point. that's the military's role. it's not picking up guns and throwing people out of the country. it's a very different role. >> no, they're going to be our eyes and our ears. they will let us know where we need to be, when we need to be there, which will allow us to be a lot more effective. it will also allow us to cut down on the profits of these cartels that create billions of dollars of revenue every year off of these caravans and frankly, they make these people pawns for their own enterprise. stuart: are you confident that with the resources you now have, you can keep them out? >> no. there's no way to physically keep them out because we don't have the physical barriers on the border that we need. again, if you look at what president trump is calling for, these caravans specifically show

why we need walls in strategic locations because again, i can hold my hand out but all they have to do is run right into my arms and then i have to take them into custody. we have to have physical barriers on the border. stuart: how much of the border is covered now by a physical barrier? >> so we've got different types of barriers. you've got vehicle barriers which somebody could just crawl right over. then you have the actual walls. it's about 600 miles of both barriers but we've got a 2,000 mile border from california down to texas, so we just don't have near enough. stuart: brandon, thanks very much for coming on the show. we want you to come back frequently with updates on this because it's a major story. we like to cover it. brandon judd, thank you, sir. appreciate it. >> thank you. stuart: i'm going to move to the markets. bottom right-hand corner of the screen, the dow still up close to 300 points. as for bitcoin, no surprise, $6,200 a coin. by the way, today marks ten

years since bitcoin made its debut. i didn't know that. halloween ten years ago. up pops bitcoin. scared? the price of gold, $1,216 an ounce, down nine bucks today. the price of oil, we had a big increase in the amount of oil that we've got in supply, in storage, i should say. that's holding the price down at $66 per barrel. the price of gas continues to move down. we are holding at $2.80 but we have dropped ever so slightly in each of the last 21 days. now this. mentalist oz pearlman gave us quite a show last time he was on with us back in the spring. roll tape. >> close your eyes for one moment. stuart: yes. >> look at me. too obvious. you considered. you said no. stuart: right.

>> who did you think of? stuart: ford. >> ford. stuart: that's good. that was really good, i have to say. well, he's back. he's back on the show today, about 11:50. i'm told he's going to do something with origami and the stock market. i have no idea. don't miss it. he is something else. you literally get it all on this show. money, politics, magic. what more do you want?

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stuart: this is an emerald worth more than $2.5 million discovered in africa. a miner and geologist found it. it's 5600carats. it will go up for auction next month. india just unveiled the tallest statute in the world, 600 feet tall. it's a monument to the late independence leader, patel. twice the size of the statue of liberty, took nearly five years

to make it and cost a half billion dollars. "varney & company" seems to have fans of all ages, including this little guy. his name is barrett. he's five months old. his mom sent us this photo of him, barrett, wearing his first halloween costume which is me. thanks for watching. the tie. susan: got your hair, too. stuart: i do say what say you. individual stocks, here we go. check out kellogg, they gave a weak forecast, down goes the stock, 8% down. but a rosy forecast from health insurer anthem, and that stock is up 2.5%. not so rosy holiday forecast from the game maker electronic arts. there you go. it's down 3%. a judge in new york says fantasy sports websites like draft kings, fan duel, are illegal gambling and violate the state constitution.

what does that mean for those companies? we will certainly find out. been a tough week for tech but next, one of our market watchers who says it was just an overreaction and it's time to buy those stocks on your screen right now.

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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: most of the dow 30 are in the green. we have a very solid rally coming our way this morning. right now we're up 360 points on the dow industrials, and get this. our next guest says we are going to finish the year higher than where we are now. what a welcome face. you still think that? >> i still think that. it's a lot easier, by the way, after the october we had. stuart: that's true. okay. you like facebook. you think it's going up from here, up from $153. >> they have been down 34% from their high to their low. they were up yesterday, they are up again today with the new earnings announcement. they came in with strong performance in the last earnings call and i do like them, sure.

stuart: buy it as a bounceback stock. >> i think it will bounce back. all things are pointing to positive results. they have active users that have increased and earnings are up. they put 9.3 billion year-to-date in r & d. this company has been going r & d by 40% the last five years compounded. stuart: you have not changed your tune. you said this throughout the last six months you have been on the show. what are you going to say about big tech? because they have had a dreadful october. they are bouncing back right now. >> right. first of all, i do buy them. they were down about 18.2% for the month, which is horrible. some have been down 32%, 34% for facebook and netflix. we have to remember we have 499 etfs that are moving lockstep with each other. they have about $1.8 trillion in management. last year it was about $1.34 trillion. so we have about an additional half a trillion dollars that move in lockstep so when the institutional investors are

moving up, they are moving in sync. when they go back in, they move in sync. a lot of my response to the markets going higher is institutional investors go back in, i think things will bounce. we have to remember, third week of october, they pull out $10.5 billion in one week alone, and we saw the markets crash that one week. if they go back in, stocks go back up. stuart: so you follow the institutional investor. they have to move in lockstep because they are all in electronic fix rated firms. >> actually, they pass the basket so when they move the money in, it goes up without regard to valuation. a lot of people have to recognize things aren't the same as before. when we see stocks moving up and down after hours, then we see the next day that they go down with the basket, that's what's going on. after hours, it's primarily retail investors or high net worth, they are moving up with the market or down with the market. then the next day is when we have institutions. stuart: fascinating. you dealt with the market overall, ends the year higher than now. you have dealt with facebook, buy it.

you have dealt with the big techs. you love them. bounced back nicely. how about general electric? not your kind of company. >> not my kind. it's 100, 150 years old. they just moved headquarters a couple blocks from where i live in seaport, boston. this is not a company i buy. now, they are doing good things in terms of compensation so i noticed that. but it's not a company i track. maybe 120 years ago i might buy them. 110 years ago, but not now. stuart: 20 years ago you would have bought them and done very well. now, $9 a share. >> when jack welsh was running -- i did a book previously, getting bigger by growing smaller, we tracked all the fortune 500 companies. there was one company that for 20 quarters consecutively, consistently outperformed quarter after quarter. that was ge jack welsh. those days are over. stuart: how about general motors? >> i'm from detroit. stuart: look at that. >> i'm never going to speak poorly of a detroit based company but it's not an

entrepreneurial company. no. stuart: you are speaking poorly of the company. it's not an entrepreneurial company. >> i mean, i'm glad they're doing well. like to see detroit do well. like to see detroit auto makers do well but it's not an entrepreneurial company so it's not in my fund. good luck to general motors. stuart: you are the exact opposite of a gentleman who appears on the show frequently, dennis gartman. dennis gartman wouldn't touch a technology company with a ten-foot pole. he only buys companies which makes things you could drop on your foot and hurt yourself. >> on average we're fine. stuart: you are the other way around. completely so. >> complete opposites. stuart: you also are a professor, aren't you? my daughter went to batson. she didn't remember you. >> if she took my class, she would. stuart: you're all right. thanks for joining us. much obliged to you. >> what are you laughing at? >> i love the professor because he said i like when you're on set with me, you protect me from varney.

who's going to protect me from varney? stuart: nobody. here's the story we have for the judge. let me read it to you. there is a judge in new york who has ruled that these fantasy sports websites, draft kings, fan duel, are illegal gambling, that they violate the state constitution. so, judge. >> state of the new york enacted a statute that specifically said that draft kings and fan duel are not games of chance. they are games of knowledge, predicting the outcome of athletic contests and therefore, they're not gambling and therefore, they're lawful. guess what? the court decides what is a game of chance and what is not and the court says it is a game of chance, it's gambling, therefore it violates the new york state constitution. when the supreme court opinion came down about eight or nine months ago, it simply said there's nothing in the federal constitution to prevent states from permitting or banning gambling. new jersey permits, new york now

bans. so as of today, you cannot use these companies or their facilities in the state of new york. you've got to go to new jersey. stuart: i don't understand why new york would want to shut them down. i would have thought it was good. >> actually, i agree with you. it's an ancient provision in the constitution and the next step would be to amend it, which can be done in a year. it can't be done overnight. stuart: why do they do this? >> it was a different mindset that wrote these constitutions. new jersey once had it in new jersey's constitution and the voters voted to get rid of it. stuart: nobody is compelling new york authorities to go after fan duel and draft kings. there's no compulsion to knock them out of the box. what the devil are they doing? >> according to this judge, there is in the constitution and just like the president of the united states can't change the constitution with the stroke of a pen, hint, hint, the governor of new york cannot change the state constitution with the stroke of a pen. stuart: so you're back to that. the president cannot eradicate

citizenship birthright -- >> yes. stuart: -- with an executive order. >> correct. he would have to propose an amendment, two-thirds of each house, three-quarters of the state legislatures, it's not happening. this amendment has been in place for 150 years and everyone born here is an american citizen for the past 150 years. some people like you have earned american citizenship. the rest of us just got it by our birth. stuart: wait a second. >> ask rob hugin why he wants taxes to go up in new jersey. stuart: not talking about that. absent all legal and constitutional arguments, absent all of that, you want to keep the birthright citizenship in place. >> i do. i do, but remember, in my world, the social safety net is not the way it is now. stuart: what do you mean by that? >> meaning the money that the government spends on people who are here that the transfers of wealth wouldn't exist. you have to earn your own keep.

the government would not provide you with all this stuff that it provides you with. stuart: that's the way it should be, right? >> yes. yes. on that, the president and you and i agree. but that is not going to change overnight, because the voters want free stuff. don't they? stuart: wrong again. wrong again. oh, dear me. when are you going to jump on board with this president when he's right? don't answer that. thank you very much for joining us. >> professor, i'm happy to protect you. >> thank you. stuart: all things stock are breaking news on this program. listen to this. a new tweet from the president on health care. here we go. republicans will protect people with pre-existing conditions far better than the dems. that's quite an important statement because the democrats have brought up health care as a big campaign issue, and the president is now responding to it saying hey, we will keep those pre-existing conditions. >> my house is burning down. would you sell me homeowners

insurance? stuart: i understand what you're saying but this is politics. you want to win an election. >> the voters want free stuff. stuart: that's very true. you're right. >> the president is getting stuff done and it truly, it's driving democrats crazy. he's getting things done. stuart: exactly. no comment from the professor? >> outstanding markets. stuart: look at this. better sales at yum china. they run kfc and all kinds of other stores over there and are doing very well. look at that. 14% up and a rosy forecast on the health insurer, anthem. that should be good for a nice stock price boost. it is, up four bucks at $270. i think it's the same story with sprint. rosy outlook, nearly up she goes, nearly 10%. how about higher sales at the beauty company that will be estee lauder? up nearly 5% there. however, not such a rosy forecast from clorox and look what happens. down 3% for that stock.

angela merkel stepping down, saying she won't run for re-election as chancellor. i say her handling of europe's migrant crisis was her undoing. we will discuss that for you. and very soon, wait for it, mentalist oz pearlman will join us. he's got to do something related to the stock market. i have no idea what it is. it's going to wow us as usual. this guy is extraordinary. yeah, you're watching the third hour of "varney & company" and looking at a nice rally on the market. ashley: glory be. stuart: we will be back. we started making wine in 1948... [sfx: bottle sounds on conveyor] one bottle at a time. today, we produce nearly 20 million cases a year. chubb has helped us grow for the past 30 years...

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competing so alphabet waymo scooping up others such as gm, living up to how it earned its name, a shorter version of a new way forward in mobility. more after this. my ancestrydna results revealed that i'm 19% native american specifically from the chihuahua people. the level of details it gives you - it's incredible. connecting 20 million members to a deeper family story. order your kit at ancestry.com

takes more mathan just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. stuart: germany's angela merkel stepping down from her leadership role of her party. she says she's not going to run

for re-election as germany's chancellor. she's he singendi essentially b out of politics by the migrant crisis. nigel farage joins us now. do you agree that basically merkel is out because she let a million migrants in? >> i said on "varney" back in july, mrs. merkel is history. okay? it's a funny thing. however long you are in politics or business or even as a famous tv presenter, if you make one massive mistake, that's the end. she has led that party since the year 2000. she's been german chancellor for 13 years. the dominant figure in europe. she made one big mistake. based on the germans war guild, the terrible atrocities of 75 years ago, she opened the doors up unconditionally and she's toast.

stuart: what does that now do for europe as a unified continent? >> it's very interesting because you see, she became the top dog in europe after the financial crisis in 2008. she's been the dominant figure. we all know she's on the way out. 's the very doubtful she will stay german chancellor until 2021. and this at the same moment when the italian government are facing up to the european commission over their budget, the eu have told them their budget's too big. the italians have said go to hell. without merkel's authority there, i think what you're witnessing, stuart, you are witnessing the beginning of the end of the euro. stuart: dramatic stuff, nigel. i want to bring up this issue, which we have been talking a lot about here in america and that is the tax that the british propose to impose on american big tech companies. we now learn that the european union is going to water down

that tax proposal because they're scared stiff of the retaliation that might come their way from president trump. i find that very interesting, because that was going to be a big money grab for you guys in europe, and now maybe it's not. >> well, that's right. of course, the whole world is scared of president trump. this one's difficult, because if we get a clean brexit, then what the european union think won't matter. but let me put it to you like this. facebook is massive in this country. it earns huge advertising revenues and yet, the singer ed sheeran paid more tax last year than facebook did. so there is something wrong with this. i think in those terms, i think president trump would understand our point of view. stuart: no, i'm with you all the way, nigel. i said consistently yes, it's a money grab, but it is inevitable. you can't have a foreign company march into a country, make a ton of money, then march out without

paying something significant in taxes. a tax of some form is inevitable. i think you agree with me on this. >> no, absolutely, it is. and there is -- i mean, if you think in many ways about brexit, trump and the new italian government, the populist revolt, much of this is about ordinary decent law-abiding, tax-paying, ordinary folks saying something really wrong, something unfair has happened in society and yeah, facebook really now ought to be paying their way. stuart: i've got 30 seconds, nigel. you made an interesting comment. we are witnessing the unravelling of the euro. give me a time frame. how much longer has it got left? >> if i knew that, i would be out there trading the markets right now. but look, i think this is a head-on collision, a democratally elected government of italy have been told their budget, reasonable though it is, is unacceptable, they must

change. they did it to the greeks, the greeks backed down. these italians, i know these people, they won't. within the next two to three years, we are headed for a major calamity within the euro zone and quite right, too. stuart: we have been warned, nigel farage. you gave us the warning. thank you, sir. appreciate it. see you again soon. now this. i believe he's coming down the hallway as we speak. yes he is. oz pearlman. he blew us away last time he was here. wonder what he's got in store for us today. he's on the show momentarily. looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job.

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stuart: okay. today is halloween, got it. we're going to have some fun with our next guest. he's performed in front of really big names, president clinton, stephen spielberg, tim cook. he's a mentalist and his name is oz pearlman. welcome to the show. >> thank you for having me back. i love the show. here's what i love seeing, how interconnected the world is now. global, right? they call it the butterfly effect. a butterfly emerges, flaps its wings. 7,000 miles away, somehow that appears here and creates a tornado. i will have each of you do something. you will name a country, you

will name a company. i want you to say it in your mind. close your eyes. see yourself saying it. when i say go, i will point you, open your eyes, go ahead, and quick, what company? stuart: caterpillar. >> what country? stuart: japan. >> did i tell you to do that? swear to the people at home. did i tell you to do that? don't believe me. right now, go to @oz the mentalist. i made you do that. i'm inside your head. it's insider trading but it's legal. i said a butterfly emerging, a caterpillar. i said -- stuart: oh. >> -- 7,000 miles away. what's origami? japanese. japan and caterpillar. here we go. stuart: that was good. >> the pain is real -- liz: can you come back? >> we have a bull market today. we are rallying. this, hard steel. if you could feel this, feel the

tip, tell them it is sharp. ashley: razor sharp. >> we puncture a kiwi. i don't think we need it. feel that. tell them the truth. stuart: okay. this is why we need the first aid kit. >> we have three bags that have no danger associated with them. nothing. right in here, facing up, i want you to see this, we now have my career-ending potentially with this bag. i'm going to close this up. now america is going to know but i don't want you to know. i want all three of you, go ahead, close your eyes for a moment. close your eyes. close your eyes. and i'm going to go three, two, and one, and done. that's it. that's it. that's it. open your eyes. now, they know which bag it is. i know which bag it is. what i want to try is for you to mix them up for us. okay? i'm going to go ahead, let's cover this up so nobody but you even knows. nobody would know. come behind here and stuart, just cover these up.

hold that, hold that, please. stuart: want me to come around? >> cover my eyes. cover my eyes. mix them up, please. i will give you ten seconds. mix them back and forth. make sure they are in a straight line. tell me when you're all done. stuart: i am done. >> make sure the numbers are showing so we can see one, two, three and four. stuart: yes. >> perfect temperature, well moisturized hands, very nice. come back, come back. the icing on the cake, the cherry on top, make sure my eyes are closed. i'm going to turn here. it's very, very quietly, switch any two bags you want. make sure i can't see. ashley, switch any two bags you would like right now. stuart: his eyes are closed. he's got his back turned. he cannot see. all right. it's done. >> here's the way this works. it's me getting inside his head. planting a suggestion. what i mean is if this worked out properly, i got him to switch three and four. which means that one is safe. stuart: oh, my gosh. liz: no, get the first aid kit.

i don't like this. >> you don't know which one is which, do you? you have no idea? stuart: no. >> we have two, three and four. i need you to trust your gut. this is the same way people invest in the market. you can do anything you want but at the end of the day, investors trust their gut. two, three or four. which one do you feel does not have the danger in it? stuart varney, tell me. which one, two, three or four? stuart: doesn't have the danger? two. >> yeah? ashley: he has no idea. >> if i work this out, hold out your hand. you feel. we have three, let's get closer. liz: why you doing this to me? >> and four. liz: i'm not picking. >> three and four. tell me which one. we're down to 50/50. this is real. which one do you feel does not have danger in it? after all that mixing, all that switching. three or four.

you tell me. liz: four. >> i wouldn't make you take that chance. come take a look. get the kiwi if you want. it's me saving my own hand. happy halloween. i am still intact. liz: scary. >> i just want you to see what this would have looked like otherwise. stuart: yikes! ashley: live to fight another day. stuart: do you really want to get inside my head? >> i don't know if i do. you should have picked three. should have seen what happened. stuart: that was sensational. >> adrenaline is kicking right now. stt i stuart: i'm going to come see you perform. i will come see it. oz pearlman, everyone. he's pretty good, i have got to say. shock and awe on halloween. well done, son. >> thank you. stuart: more after this.

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stuart: we're still reeling from oz pearlman. we don't know how he did it. it was not a trick. to me it is magic. liz: magic. stuart: on your screens right now, the magical elizabeth macdonald who will be on the air tonight at 6:00 p.m. eastern time. "the evening edit." a great show. liz: thank you. stuart: we like to think of it as another varney spin-off. liz: another one. stuart: fbn has special election coverage, seven p.m. eastern tuesday. we'll be there all threw the night. you have bottom to watch. check out the big board. we're up about 300 points. if you add that to yesterday's

430 point gain. you're looking over 700-point rally. relatively quickly. thank goodness. ashley: big tech coming back. liz: good riddance. october. stuart: red october, one of people on the show. we're up 300 points. connell is in for neil connell: you don't know you are risking your life getting inside of ashley webster's head. we're thinking charlie gasparino coming on the show doing something similar. we don't know how that will work out. up 300 points on the dow. if you're