>> thanks everybody great show. >> great to be here. >> i want to tell you your show kicks ass here and on the news channel because you all of those great guests yesterday you booked them all. i know -- i know behind the scenes you're amazing. >> thank you so much. have a great day everybody. "varney & company" begin right now. take it away. >> i thought she was talking about "varney & company" but i'm not sure about. >> i wasn't. >> good morning all maria good morning everyone. you know it has got the the feel of a presidential election. very high turnout intense debate, welcome to the midterms. we're about 24 hours from the vote. today, president trump begins the the final leg of his truly whirlwind in missouri with rush limbaugh by his side concentrating on senate races

the house -- not so much. he's highlighting two issues, the booming economy, and the caravans there are now four of them with about 12,000 migrants and still heading for our southern border it seems to be a wait and see stock market this morning flat at the open but, of course, we have the caveat no idea where we will close this afternoon. now look at this amazon, facebook, and google three of the big five ticks. uh-oh watch out. president trump says he's, quote, looking at antitrust proceedings against them and amazon is down about $4, 1660 facebook is down 2. thought the show today we'll ask is the question what happens on the market if a, it is a split situation, gop loses house but gains in senate what happens on the market. or b, the gop keeps both houses or c, the democrats sweep both? we'll have an answer. "varney & company" is about to

begin. ♪ >> out of the box let's start with the price of oil remember as of right now today new sanctions have been imposed on iranian are oil. and he got iranian oil off the market, but the price of oil is all the waits down to 63 dollars per barrel. that's because america is now the dominant energy power and he's making up for those, the lack of oil from iran. the price of gas -- there's the big story for the economy. keeps on falling today we've got a national average of $2.76 a gallon. we come down for 26 days straight. here's what energy serkt rick are perry said about iran sanctionings, quote, the new sanctionings will hit iran energy sector hard but thanks to

anticipatory actions to producer to make up difference there should be minimal effect on global energy markets joining us now economist brian west bury i think this is flat out good news price of oil down 63 and gas keeps falling this is because of energy independence and dominance by america isn't it? >> absolutely. stuart, good morning, fracking has been just an amazing development it has changed the world. i mean, if you look at saudi arabia you wonder why there's turmoil there. turmoil all over the middle east because the united states is now the leading producer of oil in the world. and of natural gas other countries are buying from us it is disrupting the entire energy industry. and it's supergood news for the u.s. economy. >> one particular, why is it supergood news for american economy? >> well there's a bunch of

reason ares. number one, we're creating great jobs in taxes and north dakota in other countries where we find shale. it is bringing down the price of gasoline and energy where no long per buying from other countries as much as we were we're now exforting which is bringing earnings to the united states. so there's a dozen half a dozen different ways i can look at this and say it is good news for not only gdp growth but wage growth and job growth in the united states. >> we'll take it right there hold on a second get become to you in a second and now pure politics president trump continues his campaign tour. right into election day he's hitting indiana, ohio, and missouri today. listen to what he said about working with democrats if they take the house. roll tape. >> will you work with -- nancy pelosi -- [inaudible conversations] >> well, joining us now is ronny

mcdamage republican national committee chair is it sure looks like the president's concentrating on senate and giving up on the house. what do you ?ai >> he's focusing on both a lot of senate seats have competitive house seats in them. these state city he's traveling to like missouri and king and in ohio we have competitive house districts as well so he's hitting senate states that have competitive house seats focused on keeping majority in both, obviously, it is a lot easier to go to competitive senate states than all of the competitive house seats across the country because there's over 200 so using his time effectively. >> we have 24 hours to the vote will you make a prediction? how do you think it is going to go? >> i think we keep the majority in the house and senate if our voters get out and vote, and especially on your channel as you're talking -- yeah. as your viewers are watching the good economic news wages are up. jobs are coming back to this country results after results

after results on the economy on so many factors in this country voters have to get out to vote, and say we do not want to halt this comeback that the united states of america is feeling so if we have a good election day turnout we win. >> i didn't mean to interrupt but why so close? there's some key race ares here which are just neck and neck razor thin even though we have a spectacular economy. prchg because in democrats are angry and been energized when they thought hillary clinton was going to walk into the white house they've been running into that had. that fuels their energy, we've seen it in special elections. it has taken us a while to get votessers to that same energy level the president being on xrain trail but a huge contrast is do you want results do you to see this continued growth for our economy and good thing that are happening or resistance and democrats right now are doubling down on reare cyst and obstruct and stop this president and not acknowledging good things that are happening for american peel so voters have to get out to

vote for good economy. usually people are display sang the when they feeled good. >> i remember just before the presidential election, 2016, the polls were suggesting that hillary was going to win. they got it wrong are in part, i think, because some people were not prepared to tell a pollster, yeah i'm going to vote for donald trump. do you think the same thing is happening now? do you trust polls now? >> i think that polls are much harder to gauge and ij they're all over the map in a lot of these states. what i trust is rnc data we're looking at early vote in a lot of states. we gauge enthusiasm our ground game has been in place for two years so i trust what we're seeing at the rnc and spot on on special elections. a lot of these races are within the margin of error so election day turnout will be the difference maker. as to whether we keep the house expand our majority in the senate bottom line. >> here's where i'll leave it mcdamage says that you will keep the house and expand your majority in the senate, yes? >> yes. if our voters get out and vote

you've got to go vote. yont anybody to feel comfortable or relaxed everyone need to feel that urgency. stuart: you can't chuck these with 24 hours to go but you did. thank you so much for being with us on a very important day. appreciate it. >> thanks for having me, stuart. stuart: sure thing. we did reach out to dnc, to join us today, but we've not heard back from it at this point. i want to get become to the economy. i want to get become -- become to brian that we're looking towards a very spectacular, november and december for the economy. very strong holiday sales, and what happened -- we might, we might get a deal with china on trade. that would be really, really spectacular for the economy and the market, won wouldn't it? >> i agree stuart, already, and this is kind of flown under radar but china has already lowered tariffs on over 1500 goods and it's sounded like

president z. today said this were going to do it again, and so, you know, a lot of people say we have a trade war with china. and china is standing up strong and fighting back. they're not. they're actually giving ground and they're doing it without losing faith and that's a really positive development. if we look at the s&p 500 earnings reports, they were reporting sales and if you look at the consumer discretionary companies sales are up 10% from a year ago. and what that means is we're going to have the best christmas selling season retail season that we've seen in a decade just like the job market. just like the wage market, we're -- we could have three to four percent growth again in fourth quarter this have year. and it has because we've had tax cuts and deregulation. and that's why this election is so important. >> we'll take it, brian we'll definitely take it. brian thanks for joining us see you again real soon.

>> you're welcome, stuart amazon just raise ared stakes for holiday. with three -- free shipping for everyone not just prime members. what's this? a catch? >> well, no. but you know, here's the thing is they've launched a new shipping, shopping holiday free shipping day it looks like and really going at wal-mart and target here's what it is no more 25 dollar minimum you get free shipping on any item even if it is $10 spatula that you need in time for thanks give. >> i'm not a prime member so i get into amazon go on the website you get it and something for 20 i get it shipped free. that's -- >> no. it is -- it is prime members. sorry forgive me looks like wait, no -- no it is not forgive me i want to be accurate. >> you don't have to be a prime member so tens of millions of itemses prime free same day shipping. limited time, look at the -- they have to do of 0 cities one hour delivery. all the way through till

christmas? >> just in time for christmas they're talking about. for a limited time they say delivery in time for christmas and give you end date -- sorry -- [laughter] stuart: okay. the stock by the way is down. but i think that's because president trump is threatening anti-trump that sounds like a great idea. killing them. check futures, dead flat, i mean, maybe down a few points but this is a dead flat i think all wait and see market wait for the election tomorrow. we have toys"r"us making a combback for the holidays courtesy of kroger installing mini toys"r"us branded popup stores in 600 locations market kind of like it is. although kroager is up just three cents. i have another amazon story for you. it is close to announcing the location of its second headquarters. we'll tell you where it might land where it is likely to land and we'll tell you, and check this one out too. troops along with the border patrol officers working to shore

up border with caravan arrival installing barbed wire fencing by the way there are now four separate caravans with 12,000 migrants marching to our border. we're on it. more varney after this. (toni vo) 'twas the night before christmas,

and all thro' the house. not a creature was stirring, but everywhere else... there are chefs, bakers and food order takers. doctors and surgeons and all the life savers. the world is alive as you can see, this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event.

dow components i have to tell you it be them apple first had a rough week last week and not so rosie holiday forecast news is down again down three bucks premarket. verizon new chief will restructure the campaign's business divisions including its huge business separating that off. no reaction are yet on the market to the stock let's get the latest from the migrant caravan i have updates for you now four caravans they're inside mexico. they're traveling to the border there are 12,000 largely central american my immigrants in those four caravans and our troops

have been working to secure sections of the texas, mexico border laying down barbed wire fencing john is with us. he's a former acting i.c.e. director. john, welcome to the show. tell me what happens when these caravans hit our border. >> well what we've been seeing ynl is that caravans thelses have been actually walking up to our ports of entry, to rather than sneaking across border the caravans walk up to the ports of entry, get there and say i want asylum in united states. >> what do we do? >> well the good news is this, they're all screen they go through biographic background checks to pieptiond out whether there's any bad information about them historically including information we get from central america. once there, this is where problems come in. they go through courts system where they get to present claims asigh so process takes to long in some cases three to five years those with family members as a result of court rulings, generally going to be released penning court hearings now ultimately only about 10% of the

people are going to get asylum in united states and most will be deported problem is it takes so long for us to get there. so -- >> we're looking at the prospect of housing tens of thousands of people on the border maybe in tengt cities for very long period of time. is that what we're looking at? >> well right now generally these people are released could be given ankle bracelet and president says no. we're not going to catch and release we're not going to do that. >> well right now, i know president is saying that but reality is this. when you have 12,000 and last month we have 16,000 central americans family members. isis capacity to detain families is limbed to 3,000 beds nationwide so just dot math we know that large numbers are being released. >> then good news is that -- i have to say that sound to me like an invasion. no, i know you don't like the use of the word i understood that. but what else do we describe it as you have tens of thousands of people they walk in and stay for a long time and we put them up

that's an invasion. inch understand frustration people have. look this is a humanitarian crisis the majority of the people they pose no threat and overwhelming majority no threat. >> it is a border crisis. come on you can't laugh like that. so what that is deliberate -- >> i'm double security crisis and there's bad people crossing that border. generally this population are families fleeing poverty and violent they're not entitled to asylum overwhelming majority and good news is they won't get it. real problem is how slow we are in handling these cases and frrs is real. i understand people frustration they say, there's a back door to the united states these people are cheating. i get it. but drive me nuts too. look, the good news is the legal framework is solid and handles case as well and never dedicated to resources to move cases along quickly and remove people quickly. >> all right john we appreciate you being with us. thanks very much indeed good stuff. >> thank you. where do we open market this is a day before the big election, obviously, kind of wait and see for the election results.

we've been dead flat for dow and nasdaq although nasdaq is down 14 points got it. president trump taking on big tech. yes he is -- he says he's, quote, looking at antitrust action against amazon google and facebook. napolitano on the judge, on that, next. hi.i just wanted to tell you that chevy won a j.d.power dependability award for its midsize car-the chevy malibu. i forgot. chevy also won a j.d. power dependability award for its light-duty truck the chevy silverado. oh, and since the chevy equinox and traverse also won

chevy is the only brand to earn the j.d. power dependability award across cars, trucks and suvs-three years in a row. phew. third time's the charm...

vo:destroy a business or a e career in an instant. reputation defender is dedicated to help people restore their true online reputation. we believe all americans should have the right to be forgotten online, the right to remove old, inaccurate search results. if you have search results that are wrong or unfair, call reputation defender at 1-877-492-6705 and join our campaign at righttobeforgotten.org

show me movies a grinch would love. [ bark ] nu uh, i'm picking the movie tonight. [ whimpers ] be sad, i enjoy it. show me grinchy movies. oh, goody. [ whimpers ] mmm, fine! show me movies max would like. see the grinch in theaters by saying... "get grinch tickets" into your xfinity x1 voice remote. [ laughing ] uh oh. something in my throat.

president trump taking aim at big tech, three of them in particular he says his administration is, quote, looking at antitrust proceedings against amazonning with google, and facebook now it is a short soundbite, but it tells the story. roll tape. >> we are certainly looking at -- antitrust -- >> antitrust, yes. >> for amazon. >> for all three. >> okay. look -- that doesn't mean we're doing it. but we're certainly looking i think most people -- sum mise that. >> looking at it okay that's had the -- straightforward judge napolitano is here. >> another part that have clip he says look the e. u took 5 billion for goggle did they do it because it is american company and that's still trump? why do they get the 5 billion instead of us? supposed to hide this is there a real antitrust violation if it is why did they see it and we

didn't? >> on what grounds could our president and justice department go after three companies? >> we talked about this during the break if they make the allegation of monopoly that will cost a fortune to resist it but it is difficult to find and monopoly in american history that was not caused or protected by the government. and we don't have that here. >> let me jump in judge and sorry to curtail the argument. it doesn't matter whether the government can prove that google has a monopoly in terms of the -- lay the tie him up forever the stock come way down you don't have to win. >> google has more money than the government. google is in the black. but i was giving an example of amazon this is called prince discrimination so amazon is has had a lot of partners let's say i'm a mom and pop book dealer an i have some academic books that people want sell it through amazon. i get 35% of the sale price. sell it through amazon only, i get 50% of the sale price.

so they are charging different amounts of money in order to induce people to stop competing with amazon. >> that's a minor league -- >> it is, it is, it is offense but it is so small that the economic effect of it is minuscule there must be a measurable economic effect. but they have the fact there. the monopoly it is a political taint. you're a monopolist and no one does as carr do is a says but of facebook and google reigned in. >> start a competitor. >> but that's the point you can't. >> again they've reached such a monopoly position impossible to compete against them. how can you -- >> could amass the wealth necessary to take them -- >> a serious argument you're avoiding. there are barriers -- barriers to entry are

extraordinary. i agree with you. time sup it's a good argument. >> we can fish finish it later. good to have that power in private hands but couple of people. that's terrible. i have ten seconds i have to get it out. >> google -- pledgets the dow industrial average will be just at the opening bell maybe five but nasdaq will be down along with tech. we'll be back, promise. every investor should ask questions. is our money in the right place? what am i really being charged? and is it eating into my returns? is my advisor a fiduciary? is he always a fiduciary? a good place to start is with an independent registered investment advisor. as fiduciaries, they live by a simple rule: always act in the best interests of their clients. that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com

metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal.

blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my metastatic breast cancer with verzenio. be relentless. ask your doctor about everyday verzenio. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders.

kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for a free kohler nightlight toilet seat with consultation. or visit kohlerwalkinbath.com for more info. 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.

all right we've got 15 secs that's all we got to bell stops ringing an they start trading. this is going to be a very interesting today because tomorrow is the elections. so we're going to -- very political today. posing the question, what happens had if these are the result ares? here we go 9:30 eastern monday morning off and running but not going far in a very early going, we are up 15 points. 25 points -- 22 points, i'll call that dead flat to ever so slightly higher. all right how about the s&p, i think we've got same story there. s&p 500 is up 4 points that's .16 from the and slightly higher and nasdaq i suspect that is going to be down not much but down because some of the big tech and we're going to show them to you now big tech on downside yet again look at that facebook 150. amazon is 13 bucks a is down 3

almost 4 lower for a alphabet unchanged microsoft same story. virtually unchanged. joining us now shah gilani jeff and ashley webster. all right let's get political. i'm going to start with with you shah what happens on the market wednesday morning, if tomorrow is a split decision? that is that democrats win house but republicans keep the senate your prediction for the market wednesday morning. >> i think if it is a split decision market goes down and goes through adjustment period and overwhelming victory market could go down quite a bit if by some strange circumstance, the democrats win both the house and a parking senate i think we're g at 2,000 plus drop in the dow. >> glad we got that in. jeff what happens if it is a split decision dems take the house republicans keep the senate? >> i think market is going to be down on split decision and create a stalemate we'll get no more probusiness legislation out

of the stalemate. i think if the democrats take majority we're going to see i agree with shah a major, major dlp in marmingts and if republicans hold majority we will see a -- short-term improvement. >> i think these marketses believe it is going to be split with a democrats taking house and markets are indeed forward looking they would have already moved much lower because they believe that democrats are going to win i believe it is bullish because gridlock is okay for the market. >> markets usually go up on average the middle of the last century and here's what the democrats would do, though, they would get rid of the corporate tax cuts to pay for infrastructure so that would be bad for the markets. >> okay here's where i'm from if we get a split decision market tends to like gridlock i don't think we'll see a decline i think might see bullish. flat to slightly higher it is a split decision if republicans increase majority in the senate and keep control of the house, i

think we're off to races. a significant move up -- but shah everybody is saying you get a democrat win in the senate and the house and i think you have a very significant pullback that's where i'm coming from. i think we settled that. [laughter] check the price of oil -- do remember please we've got new sanctions placed on iran today which prohibit the export of a lot of iranian oil. and we've got oil at 63 dollars a barrel that's interesting. price of gasoline, though, even more interesting and even more positive news for the economy. we're at the 276 now, we've gone down for 26 straight days. jeff seeger i call that news on gas and oil very good for the economy. >> i think it is incredible news it shows that we don't need iran. we don't need their oil. that the market had six months to adjust to this. the market filled the gap of iranian oil. this is tremendous are news that allows us to be more independent i think we'll continue to see prices decline.

>> do you agree on this? >> i'm confused as to who gets exception to iranian oil sanctions to south korea and indy who relied a lot on iranian oil do they get a exception and that is murky but with u.s. pumping as much oil as it is you can see not a huge impact. >> we are the energy and in the world and it shows and it is a very good thing. yep. amazon offering this is interesting -- free shipping to all customers now through christmas. no minimum purchase don't have to be a prime member well okay stock is down 25 dollars. i think that's because the president is talking about antitrust so shah, i think that had news on free shipping is good for amazon, isn't it? have i made a mistake here? >> here's the pressure that shipping costs have risen to double its operateing profit last quarter so that's an issue with weighs on stock. >> if they're offering free shipping that easing shipping cost back for amazon okay go ahead -- shah. >> this is certainly about

combating the likes of wal-mart and target doing what they're trying to do to increase sales on their side. so this is a brilliant move and lost leader in a sense that it is going to cost them and yes, but amazon has been had willing to go out to do that and they increase market share so a brilliant move. >> lost leader that's a long time since i've heard that. you lead with it even though you make a lot on it. wal-mart and target have 2% of the market amazon has about 38% of the market. and what wal-mart is trying to do is convince people they don't immediate to pay for prime this is a brilliant move by amazon. >> very smart move. >> groceries as well. apple had a rough week last week. it is opened up this monday morning not great -- down 456 now you're back to 202 per share on apple. jeff, i'm inclined to say, i buy apple at 202. >> well then you probably eventually lose money but -- [laughter] here's what i think.

this is very deceptive of what's happened with apple they have what i consider terrible, terrible news on their one and only product which is 60% of their revenue but what i've been saying all along is they have a massive war chest of money to buy back shares they are holding up their shares with buybacks when they're buybacks stop you're going to see this stock fall because they can't continue to rely on rolling out new versions of old products and thinking people are going to pay more money with tariffs and everything coming around it shall around the corner you're going see iphone prices go up people are not willing to accept higher price. >> what do you say shah i lose my money eventually if i backed apple at 202. [laughter] >> still in the family account but new trading account not much. i have a buyer at 190 if it goes lower than there i accumulate better position this is let's not forget a it will this company is not going anywhere.

still the leader in the business and increasing its ecosystem and ting they're going to turn to services to generate more money out of services and i think this has what the message was in the last earnings report is we're not going to -- give you unit sales because that's not as important as it used to be. of course it still is but not about the whole ecosystem and services. this company is sitting on cash generating more cash going right back up in a matter of when this period in the market calms down and tech stocks get their footing again apple is going right back up. >> so as a long-term investor that's what i am assuming i live long enough buy at 202 that's okay right shah i can buy it at 202 for the long-term? >> if you don't own it you buy it here you're happy. just ready to buy some more if it goats low because it could. long-term you're going to make money. [laughter] >> long-term for me next month -- okay, check the big board wow -- look what happened look at this. all of a sudden we're up 113 points. we opened fractionally higher, and last five minutes we've gone

up 100 points i have to figure out reason for that one not sure what it is. home improvement retail lows with is going to close 20 underperforming stores in america and 31 in canada stock down just 50 cents. brook shier hathaway had its own stock in third quarter to go from buffett suggest he doesn't see appealing investment opportunities for his company it is big cash pile. which is about 100 billion dollars at last count. the big change coming at verizon, spinning off its big wildest business, that's part of the big restructuring plan, that change goes into effect in january. no impact on the stock. kroger positioning itself as much more than a grocery store toys"r"us going to open up holiday popup shops in 600 kroger stores. kroger's innovative company yeah, shah. >> very innovative i think this is a really smart move.

because they're try aring to draw people into the store this is -- that's space, the wholesale and retail food space is getting increasingly more competitive for them to try to do this whether a temporary basis over holiday season to get shoppers in there to look at toys it is a brilliant idea you're right they are innovative company with management has done a tremendous job over last three year. >> okay. let's deal with the present statement about going amazon facebook and google on antitrust grounds he said his administration is looking at proceedings against these three companies. all of them are down significantly this morning. is that because of the antitrust threat? art -- >> i think so. but that combined with tariffs and antitrust conversations in the fact that a lot of these companies will be restricted from growth is a major issue right now. >> amazon is down 33 dollars -- >> when you have president says we should be looking at this he said with the eu find google by

doing it, he said anyone should be doing it anybody should be doing it why buy tech now with tariffs -- and this initiate iive by president trump there is trouble ahead for tech -- >> he didn't talk about breaking them up. to your point, we talked about this at the break, if administration comes out and says to google you have a monopoly on search remember android hit by that with eu that stock will get hurt had. >> yeah. you don't have to win the case that you bring. but you just got to lay it on the court. spill it out. go ahead shah. highly unlikely i think it is a shot across the bout and his company saying this is my administration and better line here. think about it these are companies that led market higher that president is touting market is high. look how good we're doing. he is not going to torpedo these companies and take the whole market down with him it is not going to happen. just rhetoric. >> we shall see it is that time i have to say thank you very much indeed for jeff and shah great stuff gentlemen thank you

very much indeed we're still up 100 points to be precise up -- >> energy moving higher and financials -- >> banks nicely. chevron is really popular. okay that's a dow stock. >> up 100 points got it. wech more on amazon. and announcement on where its second headquarters will be could be coming this month. amazon is in late stage talks with finalist cities, we'll go through where amazon might land. down 35 bucks as we speak. left optimism from all sides about a trade deal with china trump say is planning idea with president xi at the 6g20 meeting at end of the month here's the question could a trade deal be made before that meeting? we'll answer the question after this. think your large cap equity fund

has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp i just got my ancestrydna results: 74% italian. and i found out that i'm from the big toe of that sexy italian boot! calabria. it even shows the migration path from south italia all the way to exotico new jersey! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com

right after the the the opening bell rang we popped up to a gain of over 100 points keeping much of the rally we're up nearly 09 that's up one-third of one percent. i want an update on where amazon is going to place its second headquarters building. that's got nothing to do with the stock price decline, but i'm just interested where wasn't what about the leading contenders for second headquarters new york stocks exchange can you offer me anything more on this. where are they going? >> three cities in final run aring crystal city in virginia that's northern virginia across potomac river near washington, d.c. dallas and even new york according to people familiar they say they are in late stage talks with amazon to take the second headquarters which will come 50,000 high paying jobs and 5 billion dollars in investments over the next two decades so then they go on to say wall

street journal goes on to say amazon may look at runner up cities putting smaller operations in those cities talking about denver maybe newark, chicago and miami at this point so not over just yet but leading contenders are dallas, new york back to you. >> do we expect a decision by the the engsd of this month? >> exactly that's what they're expecting at least by the end this have year but looks like by the end of the month more likely at this point. >> suzanne thank you very much indeed moving on to china laid where's the president on this? what's the latest from the president? we got it, roll tape. >> we've had very good discussions with china. we're getting much closer to doing something. they very much want to make a deal as you know their economy went way down since we've been doing this president xi and i agreed to meet at the g20 having dinner and discussing but i think a very good deal will be made with china. >> michael is with us he's with the hudson institute he's our china watcher. tell me what do you think?

what are the odds that question get some kind of trade deal with china on or around that g20 meeting? >> well the odds are better than 50/50 i think things are improving, you can see some signs and chinese media or the chinese delegations have been saying here in washington -- that they now see the outline of a deal, they believe that the president's demand back in early may stuart was to double china's purchases of u.s. exports for the first year and then double it again for the second year. and in other words having -- having 100 billion dollars of additional purchases. that's the chinese want to focus on. and that helps with jobs. helps with our economic growth rate that's what president president trump seems to be focused on other area as you mention yourself stuart they don't want to lose face they can manage this theft and criminal violations of world trading rules. so we let them go on that, and focus more on increasing our

exports to china, the chances of a deal are pretty good. >> so do you think that's likely because that's a -- pretty big give isn't it if china does nothing on the theft of intellectual property, that's a big give. >> yes, it is, and there's another area that is important to keep in mind is that president keeps using the word reciprocity, and they're closing their market to our investors. has been going on 30 years now another area this thing called bilateral investment treaty under negotiations for 30 years. some additional give on that would probably be very important. they would open more sectors to u.s. companies and u.s. investors. that's a hard one for them too. >> no, no -- not as hard as admitting to the theft of intellectual property. [laughter] you know? i would like -- >> i would like to see president xi admit what's been going on for last 20 years say he didn't know it be. >> he won't.

you know -- you will. you know china very well -- i don't. but i do know about the concept of face. for a leader of china to turn around to say yeah we're guilty. not going to happen. [laughter] >> well as you know slaying a 25% tariff on all of their exforts to us -- that's what they're afraid of that had president is gotten their attention. they also tell me that they're watching the midterm elections tomorrow. they want to see if president trump has the power to affect these elections. if he does, their desire to deal with him at the g20 will go way up i think. >> it goes, president trump is powerful tomorrow in the elections -- like for example, the gop keeps the house. and creates a majority in the senate that's very good news for a trade deal of the end of this month? yeah. >> gives president credibility with president xi you know this phone call on thursday is very important it is in the chinese yet today just to make sure that we understand the importance of the phone call. president xi drew attention to

this enormous exposition in shanghai this week. that a huge number of chinese companies are making deals at this shanghai import exposition they call it first time in chinese history if they make a lot of deals with the american companies, that's another -- that's another sign stuart we're moving to some kind of a deal. >> michael pillsbury thanks so much sir. thank you. >> thank you. again new ipad brand new don't go on sale until wengtd this have week but we have one on the set for an early look at it. does it live up to the hype to replace where are laptop good question and we have an answer for you because we have one on the set. g 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.

and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. so my doctor said... symbicort can help you breathe better. starting within 5 minutes. it doesn't replace a rescue inhaler for sudden symptoms. doctor: symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. it may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. grandpa: symbicort could mean a day with better breathing. watch out, piggy! (giggles) get symbicort free at saveonsymbicort.com. if you can't afford your medication, astrazeneca may be able to help. 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? i am a techie dad.n. 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.

whirlwind tour continues president trump makes stop in indiana today. jeff flock is there in fort wayne and crowds lining up already? >> you know, on other side of the building stewart, second stop by the way, for the president in four days he really thinks he can pick this one off the democratic senator john donnelly is the opponent here. the president won this state by 20% points two years ago so he thinks donnelly can win who they say won six years ago because republicans had such a bad candidate but donnelly has been

embracing president and points out that he voted for president funding for border wall, and he voted with the president 62% on the time so unlike some states are where it is kind of a referendum on president and here i think both candidates in some ways have been embracing him. >> get that -- see if you can get that camera on other side of the building i would love to see people lining up that's a feature of the trump rally. >> always loved that. i do, i do i look to e see that right there. jeff we'll be back to you shortly that's a promise. look at the new ipad latest offering from apple mike with toms guide not released it until wednesday but he's got it right here. put it -- >> here question go. all right you like this thing don't you? >> i do because it is fastest ever chip in a mobile device we bench marked it even faster than 7 windows pc like the 13 and even faster than macbook pro in certain tasks talking about photo editing video and creative pros that they care about and

that's the target audience and also pretty easy -- >> not for me and there's a built-in keyboard if i snap this in here and you can use dirchghts typing positions so you could use this as a lap ton and interface is cool too because you can run two apps side by side just like this using built-in power and i can bring over let's say -- like i can bring over images -- see if we can do this here. there we go. so that's one example of like the multitasking power that's built into this thing. and with the built-in pencil i love that it is easier to not lose because it attaches magnetically as soon as you do, the pencil starts charging and then when you want to pack it all up you go like this and 1.4 pound so it is pound for pound powerful pc in the business. >> you like the screen so this shot -- >> this is the 12.9 inch vrgs so this is all display and reason why they're able to do that is

they give you the same id on the ieg phone so you can log in with your face. so one example -- >> how much is this? >> this goes starts at -- starts for 999 and then let's give me photo up here. here question go. okay let's see -- not bad. okay. not bad. pretty. wow. that shows better. that's better. look at that. gives you a sense of the color like so this produces more than 120% of the color gamut so up there. >> 999 so for the tablet itself and then about 1300 when you add in keyboard and mark likes it. >> i do. case closed. very good thanks very much. can we keep it? merry christmas. america votes tomorrow. if history is any indication, we vote with our wallets that's what we do that means, a win for president trump maybe -- suggests win for him in the gop. i'll discuss it in my take coming up next.

. .

stuart: you know it really is ancient history now. 1992, the outsider, newcomer, bill clinton, he beat incumbent president bush 41 with the slogan, the economy, stupid. from that time on it was a given in politics that america votes with its wallet. is that still true? we're about to find out, going into the vote tomorrow the economy is doing very well indeed. if that slogan, the economy, stupid, holds up, president trump and the gop will win. really isn't an exaggeration to say that the economy is flat-out booming by any measure. it is booming. growth, employment, wages, salaries, manufacturing, 401(k), prosperity is in the air. we're heading into the most dynamic holiday selling season in many years. abc poll out this morning show as whopping 65% think the economy is excellent or good.

this is the core of the president's appeal. you are better off now than you were two years ago. the democrats for good reason don't talk much about the economy. it really isn't their issue. and they don't have a prosperity plan. they're basing their campaign on the president's style, his language and his take no prisoners campaign. they're not so much for something. they're simply against all things trump. if you believe the polls, it is close. could it be that the booming trump economy is canceled out by pure dislike of trump the man? i'm not convinced. i still believe that at the heart of elections is economic well-being. americans want to climb the prosperity ladder. that means a growing economy is job one for our political leaders. the economy, stupid, wednesday morning we'll find out if that old slogan still runs true. second hour of "varney & company" about to begin.

♪ stuart: all right. here we go, the latest economic indicator, news on the services sector. liz: big beat, nice beat. 60.3. this shows, anything above 50, that part of the economy which is the services sector is biggest. it is expanding nicely. the trend is up for the services sector. stuart: very positive economic indicator. ashley: it is the economy, stupid. stuart: thank you. look at chevron, that is the biggest gainer of all the dow 30. part of the reason the dow is in positive territory. chevron up nearly 3%. the price of oil holding $63 a barrel, even though today is the day when we impose sanctions on iranian oil. you still have oil at 63 bucks a barrel. that means our production in america is making up for the loss of production in iran.

63 bucks a barrel. gas prices keep coming down. how about apple? it is the biggest drag on the dow. it is right at $200 a share, down nearly $7. 3.3%. there are reports that the company canceled plans to boost production for one of he its iphone models. that is not going down well. apple down $3 a share. david avella is with us, go pac. how do they do that, few people have landline. i never answer the phone. how do they get an indicator? >> the better indicator is output gap. you know that with economics. the gap what we're producing and number of workers, when that

number is high, midterm elections don't go well for incumbent party. when it goes small. it goes well. here is what the democrats have to do, it hasn't happened since 1950. it goes to your opening statement. the americans vote on economy. every time that happens incumbent party holds majority. we haven't had a economy like this is decades. the democratic chairman said that he talked about how the economy was so much better now than it was his 10 your as secretary of labor, dnc chairman. stuart: why are the polls so close? you're absolutely right. the economy is doing extremely well. the democrats don't have a dog in that hunt. why are the polls so close? >> every poll, depend who they are polling. is the turnout model what they call in their polls what produces on election day. stuart: aren't they using turnout model from 2016. >> you have to ask every

pollster that. not every pollster does it their own way. they have their own predicter models what the will be. what is really fun. game day is tomorrow. count up results and get moving on wednesday. stuart: you think people asked which way you will vote i will vote for donald trump, same as "brexit." >> i don't don't know embarrassed. they could be think a pollster doesn't need to know the poll. liz: they don't tell the pollster the truth and go behind the curtains and vote for trump? >> some people in last 24 hours will rethink the vote. some people will do that. whattersage that is anyone's guess, but there is a percent that will do that. that he is why the prediction business can be tricky. so let me get into it. republicans will gain seats in the u.s. senate tomorrow and, 50/50 we keep the house. stuart: that is 50/50.

you won't go further than that? >> compared to where everyone else is predicting, we'll lose the house, that is a pretty bold prediction. stuart: thanks, lad. thanks for being with us. let's relate politics to the market. brian nix, nuveen investment strategist. >> thank you for having me. stuart: take you three different scenarios. you tell me what the market reaction is. number one, people think will happen, split decision, democrats retake the house, republicans keep the senate. what happens? >> that is what people think, if we're 70% scenario is out come comes to few -- fruition, markets don't move that much. 2016 election, out come was not expected, "brexit." in this scenario we had it play out with other recent other presidents, you get gridlock, not much happening

legislatively, no pieces of market moving legislation in the next two years. that may not be a terrible thing and markets -- stuart: no big selloff, no big rally, steady as she goes if it's a split decision. >> sure. stuart: second scenario, republicans keep the house and do increase their majority in the senate. then what? >> so you have to look what is difficult in that scenario, what is likely to pass or not pass in the other scenario. you have probability, high probability of a relatively small additional tax cut that could be pro-market. if that gets pasted in the next congress. president talking about a 10% middle class tax cut, if that gets moved through congress. 2019, 2020. where we have very pro-growth fiscal policy. federal spending and tax policy is very pro-growth, will be throughout most of 2019. it may be at the margins where we see the changes. stuart: if we do get republicans hold the house and increase their majority -- it is a

republican sweep, does the market go up substantially, regardless what will be passed? does it go up on wednesday morning? >> i think odds you get a bounce in that scenario. i don't know about substantially because there are some other things aside what may be a decisional slight fiscal boost that may influence markets. stuart: modest bounce up if the republicans sweep. the other scenario, last one, democrats take the house and also take the senate, democrat sweep, then what? >> from legislative standpoint, that is not much different from democrats taking one house. you see abrupt stop to major legislation that might move the economy forward, might help the markets or what have you but you do probably get heightened degree of bipartisan dysfunction in the way that we've seen in other presidents who had adversarial congress. you're talking about potential budget showdowns, brinksmanship, those tend to be disruptive for a short period of time but don't

hurt the economy or don't knock markets off for a few days. stuart: wednesday morning, democrat sweep, market goes down? >> if it is a huge democrat sweep, get a slight modest decline because the markets are looking forward not much happening in the next congress. stuart: i'm reading between the lines here, all three of these scenarios you don't think will be that big after change in the market come wednesday morning? >> a lot of things influence what the market is doing. wednesday you get inothernant attention to the election out come i look what the fed says this week and especially in december and 2019. stuart: we appreciate you being with us, brian. big hour ahead before the midterms. if the democrats taking the house, ma even waters will be in charge of the house financial services committee. i will talk to jeb hensarling, he is currently in charge of that committee. he is stepping down. what does he make of a potential maxine waters chair of that committee? his committee? the fight for florida.

andrew gillum leading in the governor's race, now we're learning he has connections to a pro-palestinian anti-israel organization. i want to know if this is resonating? we'll ask the chair of the florida republican party? what does grover norquist do if the gop loses control of the house? we'll ask him. you're watching second hour of "varney & company." ♪ way. in today's complex world, you need a partner that is driven to provide you with better solutions for these challenging times, one that is willing to disrupt the industry, and break free from conventional thinking. (thudding) we are a different kind of financial company. we are athene, and we are driven to do more.

hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. these are affordable, all-in-one plans that help pay for doctor visits, hospital stays and emergency care. but they also include prescription drug coverage. in fact, last year humana medicare advantage prescription drug plan members saved an estimated $6,900 on average on their prescription costs. call a licensed humana sales agent or go online to find out if you could save on your prescription drugs. this plan delivers coverage for the three

things you may care most about; prescription drug coverage, doctor visits, and hospital stays. plus, potential cost savings on your plan premium. humana has a large network of doctors and hospitals. so call us, or go online to find out if your doctor is part of the humana network. ready to learn more? call the number on your screen for this free, fact-filled decision guide. there's no obligation, just good information. call the toll free number on your screen, now. you'll learn all about a humana medicare advantage plan and how it compares with your plan. with most humana plans, you get coverage for prescription drugs, doctor and hospital visits, and more. all for zero dollar monthly plan premium in most areas. most humana medicare advantage plans even include dental and vision coverage. and, most humana medicare advantage plans include the silver sneakers fitness program at a local fitness center. so call or

go online to find out if your doctor is part of humana's large network of doctors and hospitals. and see if a humana medicare advantage plan is the right plan for you. pick up the phone, and call the number on your screen. the call is free. and licensed humana sales agents are standing by. so call now. stuart: losing the gain. a few minutes ago we were up 100. now we're up 15 minutes. chevron, mcdonald's, helped the overall average but appears apple is such a big negative it is weighing them all down. >> >> kroger positioning itself

much more than a grocery store. toys "r" us will host holiday pop-up stores in 600 kroger locations. nonetheless the stock is down. children's place, that is a children's retailer. two executives are leaving. look what happens to the stock. it is down 12%, $20 a share because two executives are leaving. back to the election. we got a tweet from president trump over the weekend. here it is. congresswoman maxine waters was called the most corrupt member of congress. if the democrats win she would be in charge of our country's finances. the beginning of the end. that is mr. trump's tweet. texas congressman, house financial services chair jeb hensarling is with us now. >> good morning. stuart: jeb, what do you think would happen to banking and financial regulation if maxine waters takes the job thaw now have? >> you will force me to go there, stuart. if you care about economic

growth, it is a very, very ugly picture. if you want to impeach the president it will be a great day. maxine waters is one of the first democrats to call for the president's impeachment. two other members of our committee, brad sherman of california, al green of texas called for it too. unfortunately the house financial services committee becomes ground zero for the impeachment movement. i think there is a 95% chance we'll keep the senate. so you would have congress divided, so no real legislation will get through, stuart. but instead i fear she will use this as a tool to harass the administration, to really grind down the deregulation, the deregulatory efforts of the administration. it is really bad for economic growth. stuart: could she, looking strictly at financial regulation, could she unwind some of the deregulation we've already seen? could she set us back in that sense? >> stuart, i don't think she can

really set us back but she can slow progress because what happens is, as chairman of the committee, i have the power of subpoena. something that i treat with respect. something that i use judiciously. my fear is, she will rubberstamp subpoenas to all of the appointees of the president in the financial arena and demand documents and appearances before congress. really, you know, harrassment effort. as we know, she has called for people to harass trump officials. i assume she will be leading that effort. you know, i know she is capable of legislating. she just infrequently chooses to do that. so the good news is, stuart, i don't think she can roll it back but she can certainly slow it down. >> do you think this election is between president trump's successful economy on one hand and the democrats intense dislike of the president on the

other? >> well i think you framed it up correctly. if people will vote their pocketbooks, we know they often do, it will be a finite for republicans. most people are experiencing the very best economy in their entire lifetimes. it is like flipping a light switch between president obama and president trump. really deregulation, free-market capitalism, entrepreneurial spirit, it all matters and so, there is no greater poverty reduction program, consumer confidence is off the charts. small business, if people will reflect that they are having a great economy they will vote republican. if they just you know, if they want to pursue their hatred and vehemence against the president it may go a different way. stuart: jeb hensarling, you're leaving congress. you're retiring. we wish you the best. we hope to come join us before you are finally out of congress early next year.

jeb hensarling. appreciate night thank you, stuart. stuart: sure thing. apple fell below $200 a share. below $950 billion in mark vet value. apple was down 6% on friday. it is down 4% now. by the way that loss 4% cost the dow 50 points. that is what happens to the overall average when apple is done. president trump is heading to ohio, campaigning for jim renacci, against sherrod brown, the democrat. mr. renacci will join us. ♪

stuart: home improvement retailer, lowe's is closing 20 underperforming stores in america. closing 31 in canada. the stock barely budged. down 1%. that is lowe's. president trump, three rallies, ohio, indiana, missouri. ohio senatorial candidate jim renacci is there now. the president is going there to campaign for you. you want him to stress the economy and manufacturing and return of blue-collar jobs because it is ohio? >> well absolutely, stuart. and as i traveled the state what i continue to hear. we got businesses are growing. people are employing more individuals. one company that doubled their size. i talked to another company who is now purchased some more equipment. these are the things that are happening because of this economy and because of tax cut and jobs bill. we're seeing that. we're seeing growth. we're seeing wages go up.

i continue to bring that. again, i don't know what the voter would want anymore than that we have an economy growing here in ohio. we have to make it keep moving forward. stuart: your opponent is senator sherrod brown, democrat. "real clear politics," average of polls show you seven 1/2 points behind sherrod brown, your opponent. what are you going to do about that? >> well, if you look at those polls you also see he can't break 50. the most recent poll has him at 46%, with 17% undecided. this is about who will show up. this is about who will go to the voting booth. i think in the end, if you noticed he, if you look at some of the polls he is moving the wrong direction. we actually got a poll given to us today, has me up 2 points. i'm hoping that i win by two points. i -- depends who shows up. who will get to the polls. who will vote. stuart: do you think this is

repeat of 2016 where pollsters got it wrong because a lot of people didn't want to admit they supported donald trump. >> i do. here is the other thing i'm seeing, stuart, we have record numbers about of early voters. we have record numbers about individuals who are pulling absentee ballots. this will be an election a lot difficult than any other election, even the 2016 election because people are energized. republicans, democrats i must admit and independents here in ohio. a lot of early voting coming out. a lot more than ever seen before in ohio. so we'll have, we'll have some mom -- numbers i'm not sure people polled properly. stuart: to repeat, you have internal poll just in to you, shows you with a two-point lead. is that accurate again. >> yeah, i just received a poll that was done by an outside entity here in ohio that they just gave it to me, this is the first poll they have shown with me leading. so i'm happy to see that.

it is, it is done by a group here in ohio. so we'll see. again, will come down to what happens over the next 24 hours. stuart: dramatic last-minute move in your favor. sir, jim renacci, thanks very much as always for joining us. appreciate it, jim. >> thank you, stuart. >> by the way we did reach out to mr. renacci's opponent there, democrat dem sherr sherr sherrod brown. not responded. we're learning that andrew gillum has ties to pro-palestinian organization. if this is about the economy, that surely is a good thing about republicans. i will talk to brit hume about that. he is here in new york. all the big names show up for "varney & company." ♪

alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. i saw my leg did not look right. i landed. i was just finishing a ride. i felt this awful pain in my chest. i had a pe blood clot in my lung. i was scared. i had a dvt blood clot. having one really puts you in danger of having another. my doctor and i chose xarelto®. xarelto®. to help keep me protected. xarelto® is a latest-generation blood thinner that's... proven to treat and reduce the risk of dvt or pe blood clots from happening again. in clinical studies, almost 98% of patients on xarelto® did not experience another dvt or pe.

xarelto® works differently. warfarin interferes with at least 6 of your body's natural blood-clotting factors. xarelto® is selective, targeting just one critical factor. don't stop taking xarelto® without talking to your doctor, as this may increase risk of blood clots. while taking, you may bruise more easily, or take longer for bleeding to stop. xarelto® can cause serious, and in rare cases, fatal bleeding. it may increase your risk of bleeding if you take certain medicines. get help right away for unexpected bleeding or unusual bruising. do not take xarelto® if you have an artificial heart valve or abnormal bleeding. before starting, tell your doctor about all planned medical or dental procedures and any kidney or liver problems. learn all you can... to help protect yourself from another dvt or pe. talk to your doctor about xarelto®.

♪ help, i need somebody, help, not just anybody ♪ stuart: i'm with you, beatles. i need some help. ashley: we all do. liz: that's true. stuart: especially this week. it will be a big week. there you have the beatles we play every single day, 10:29, 10:30 eastern time. checking big board, we're up 50 points. you have to pay attention to the big tech names, taking it on the chin. look at that facebook below 150. amazon down $50 a share. apple has dropped below $200.

fraction al loss for microsoft. that is taking 50 points off the dow jones industrial average. it is down four% t was down sick% on friday. good heavens. there is concern by the way, about how many iphones they will sell over the holidays. look at ge, as in general electric. the chief bought $2.2 million worth of the company's stock. there is sort of a statement of intent i guess. he bought his own company as stock. u.s. will raise u.s. shipping rates 5%. they will do that january the 7th, after the holiday period. president trump tweeting about florida democrat, gubernatorial candidate andrew gillum. here is what he said. if andrew gillum does the same job in florida as he done tallahassee as mayor, the city will be a crime rideen, overrun

mess. overtaxed mess. ron desantis will be a great governor. vote. joining us blaise ingoglia, florida gop chair. are those linked, those links to anti-israel organizations, is that resonating at all with florida voters? >> well, it is definitely resonating with our jewish community here in florida. you know after the attacks on, on the jewish community in pittsburgh, andrew gillum to this day has yet to condemn the attacks. he spoke before a group that opposes security for jewish day schools in florida. that same group has been unapologetic for their support of some terrorist groups and even defended them in court. not just those groups. it is other groups like the dream defenders, which are anti-police. andrew gillum, unfortunately and his campaign is surrounding themselves with people bad for

florida, bad quite frankly for the united states of america. stuart: i hear what you're saying, and yet andrew gillum, a little less than go points, about a two-point lead over his republican opponent. do you trust the polls? >> no, i don't. and i think we went over this before. one of the things that i believe that the polls are wrong for, they are sampling npas, independents way too high, around 23, 24, 25%. we're probably going to see npas under 20% or around 20%. that is because of the highly-partisan nature of this election. more partisans turnout, the democrats, republican, npas will be a smaller fraction of electorate. mow of these poll have independents breaking slightly towards andrew gillum's way, that is skewing those polls. stuart: seems over the weekend, maybe just the last 24 hours, the polls shifted towards rick scott in his fight with bill nelson in his fight for the senate. is that what you see?

i'm sure you have access to internal polling. rcp says it is moving towards rick scott. what do you see? >> yeah. towards rick scott, towards ron desantis. we've been seeing that trend over the the last, two, three weeks. they have been seeing there is no blue wave in florida. we're seeing more of a red wave. we've seen over the last couple of days in the state of florida, saturday, sunday, we've seen a tremendous amount of democrats come out but we've seen more republicans come out. we're probably going into election day parity. we'll be even democrats and republicans about the same amount of people turnout to the polls. which bodes well for republicans because we have a lot more election day voters, a lot more super voters waiting to vote on election day than the democrats. i will predict right here, we'll see ron desantis as the next governor, we're going to see rick scott as next senator because we will see a big red wave coming tomorrow.

stuart: blaise ingoglia, thank you for joining us. i'm sure we will see you wednesday, the day after the vote. see you later. thanks. >> my pleasure. stuart: i will look at alibaba. they have a big event. it is called singles day. it is huge shopping event coming up on november 11th. jason rotman, market watcher kind of guy. jason, welcome back. >> thank you. stuart: i know you like alibaba as a stock to buy for the very long term. are you basing that on the november very much lenth singles' day? they are going to bring in tens of billions of dollars on that one day, is that accurate. >> if the track record extrapolates outward that is correct. i used to like the stock in the high 100s. i would say i love it, i would say it is extraordinarily, extraordinarily oversold. the thing is down 40% from all-time highs. was 210 overextended? you could argue nay or yea.

alibaba is still growing 30 to 40% per year, has not even got 60% of the market share of china's e-commerce. this is ridiculously low price right now. maybe not relative to tomorrow, as i said to my note, your kids and grand kids stock you up. stuart: stocks to buy for children and grandchildren. alibaba was one of them. the other two were amazon and facebook. take them one at a time. first of all amazon. see what is happen today. the thing is down $57. this is a good time to buy? is. >> i do. not necessarily for tomorrow or the next day, stuart but as we all know the value of something and what mr. market is trading at, many a time is not 100% correlate. the markets are very emotional on the back of trump's, you know, the news, the not new

news, trump talking about breaking up the big tech companies which will never happen. i think there is blood in the streets on these tech stocks. really time to buy. stuart: buying opportunity. facebook, they just dropped below 150 a share. i think their high was in the region of 230. that to you is a stock to buy for your grandchildren. make the case. >> think about it. people still go on facebook number one, facebook beat, beat earnings per share on recent earnings call yet the stock is still down. we're in overall fundamental bearish environment. people are selling. they don't know what is going on with the chinese trade wars. those are not done. midterm elections people are going to cash a little bit but mark zuckerberg told us the revenue growth and earnings growth from the platforms that he owns will ultimately trump the earnings growth of facebook itself, facebook.com and why would you not buy facebook at 40% decline is anybody's guess? i think it's a buy because of

similar platforms. stuart: you are completely discounting what president trump says he is going to do, go after facebook, amazon and what is the other one google? discountingdiscounting that com? >> think about it. trump has done wonders force the economy. think what this guy is saying, president trump. he is yelling at jay powell for raising rates because he is afraid higher rates will affect the stock market. do you know what would happen to the stock market if trump actually went after these big tech companies and tried to break them up? this down look would be childs play. we need to discount that 100%. it is not going to happen. stuart: we hear you, jason rotman, dramatic stuff. see you again soon, thanks. >> you're welcome. stuart: talk about tencent putting time restrictions on its videogames in china. they're going to limit the amount of time? ashley: this is huge issue in china. the chinese government says these games are violent and

addictive say the chinese government, play needs to be restricted for youngsters. 12 and younger one hour per day. between the age of 13 to 18, you get two hours per day max. how do they do this? i.d.s and ages against a police database which is extensive in china as they keep tabs on their citizens. they're doing this for one game, tencent. they will add it to 10 games. all games by next year. south korea tried the same thing. kids are smart, they borrow their parents phones and other people's phones so they can get a chance to play the games. china says these games are addictive, they're violent. we need to restrict the amount of time the kid are playing them in the u.s. liz: a debate we're having in the u.s. ashley: yes. stuart: the caravans are heading north. they are growing in size. four of them with 12,000 people

on board. i will talk about a lieutenant governor about illegal drugs a people in the caravan are bringing with them, like fentanyl. if the house goes blue, forget more tax cuts and democrats could raise the corporate rate. how is grover norquist, americans for tax reform, preparing for that possibility? i will ask him. ♪ the day after chemo might mean a trip back to

the doctor's office just for a shot. but why go back there... when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. neulasta onpro is designed to deliver neulasta the day after chemo and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. if you'd rather be home ask your doctor about neulasta onpro.

pay no more than $5 per dose with copay card. ♪ ashley: in the last hour asia expert michael pillsbury told stu that the gop midterm result cost have a major effect on a trade deal with china. take a listen. >> as you know slapping a 25% tariff on all of their exports to us, that is what they're afraid of. the president has really gotten their attention. they also tell me they're watching the midterm elections tomorrow. they want to see if president trump has the power to affect these elections. if he does, their desire to deal with him in buenos aires at the g20 will go way up i think. stuart: so, president trump is powerful tomorrow in the elections -- >> yes. stuart: like for example, the gop keeps the house and increases majority in the senate, that is very good news for a trade deal at the end of this month, yeah? >> it gives the president credibility with president xi.

♪ cal: we saved our money and now, we get to spend it - our way.

♪ valerie: but we worry if we have enough to last. ♪ cal: ellen, our certified financial planner™ professional, helps us manage our cash flow and plan for the unexpected. valerie: her experience and training gave us the courage to go for it. it's our "confident forever plan"... cal: ...and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. stuart: rally on our hands again. not the nasdaq which is way down, big tech taking it on the chin. the dow is up 120 points as we speak. i call that a mixed market big time. apple is a serious drag on the dow. apple down 8, $9 as we speak.

one day from the midterm elections. tomorrow is the big day, if the democrats take back the house i think you can say good-bye to tax cuts 2.0. they could even raise the corporate tax rate. grover norquist with us, americans for tax reform president. grover, welcome back. where have you been? i haven't seen you for months? >> invite me. i'm always here. stuart: sorry about that. if democrats win control of the house is it possible, but problemmable you won't see tax cut 2.0 but possible that you could put corporate rates up again? >> democrats taking the house will try to push a tax increase. threaten to close the government down, not pass a budget for defense and rest of the government, unless you give us a tax hike. they will take their, they will, probably not have the senate. they would certainly won't have the president. if they get the house from there, they will try to blackmail the rest of the government into a tax increase

as part of some megadeal with many stupid things in it. stuart: that is real, that could be really damaging for the economy and certainly for the market. >> absolutely. the market i think expected more tax cuts year by year. the republicans have said if we have the house, president and senate there is a tax cut he have year, a tax cut every year. you start with no tax cut at all if the democrats take the house or the senate. and they will push for a tax increase. i believe the president will refuse to give it to them. the senate is very strong. most senators have signed a no-tax increase pledge and kept that pledge over the years. the ds will try to push raising the corporate income tax. they have even announced one of their top budget guys announced he wants to take it up to 27%, add 4% average state and local corporate income tax, takes you to 31%, higher than communist china. higher than france. higher than germany.

makes it higher than everybody else again. it would undo all the progress over the last year or so. stuart: yeah, but they would try to do that. >> yes. stuart: but they would blackmail on the budget. if we don't get a tax increase for corporations, you don't get a budget and we shut things down. that is quite a, quite a threat? >> well, it is exactly what they will do. when the republicans only had the house the president wanted to have a $1.4 trillion tax increase. he got none of it. he got none of it. the republicans said we're not raising taxes period, bring spending down. we dropped spending from 24% of gdp to 20% of gdp. there is a lot of power in one house, stopping obama's tax increases, bringing promised spending down what he wanted or try to push for a tax hike, very dangerous. stuart: what will you do are to the next two years if the

democrats take the house? >> well in the next several months i would like to think that the republican cost pass a budget for the next two years, a bare bones budget. if they try to close the government down, it doesn't go to zero, it goes to what we spent last year. give yourself some time, with one of those budgets that you pass on budget reconciliation, 51 senators, simple majority in the house. budget out for next two years, take closing the government down off the table so the democrats can't use it as a threat. stuart: okay. >> in terms of economics the president can, understands, said he wants to index the cost basis of capital gains by executive order, by treasury department regulation. this should have been done two months ago. i think we're looking at very different election if we had. treasury slow-walked it. we can still do it anytime that the president is there and the republicans have the treasury secretary. stuart: i want you to call it for us, the election is tomorrow obviously. there are three scenarios, a

split decision, democrats take the house and republicans keep the senate, second one, the republicans sweep, keep both, third, the democrats sweep, and win both, which one do you see happening? >> i think the republicans will certainly hold the senate and i think it is more likely than not they will hold the house barely, but it is going to be very, have he close one way or the other. stuart: got it. grover norquist, as always, thanks for joining us. don't be such a stranger grover. >> look forward to seeing you. stuart: democrat billionaire tom steyer puts an initiative on the arizona ballot to get more power from renewable sources. you have to have 50% of arizona power come from renewables by 2030. coming up i will talk to a native-american leader, he said it could cost his community billions of revenue and thousands of jobs. he will make his case next.

♪ your company is constantly evolving. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. vo:destroy a business or a e career in an instant. reputation defender is dedicated to help people restore their true online reputation. we believe all americans should have the right to be forgotten online, the right to remove old, inaccurate search results. if you have search results that are wrong or unfair, call reputation defender at 1-877-492-6705

and join our campaign at righttobeforgotten.org ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. [ready forngs ] christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home.

and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he.

stuart: volatility in the market today. we have 100 point gain for the dow and a big drop for the

nasdaq. what does that tell you? it tells you technology stocks are way down today, and they are. now this. billionaire tom steyer, is pushing a ballot initiative that would require arizona to use renewable energy for 50% of its electricity by 2030. our next guest is carlyle begat, former arizona state senator and native-american families spokesman. carlisle, what would happen for your community if this resolution, this ballot initiative, passes. >> that's right, mr. steyer is trying to force california's no plan plan, renewable energy mandate here in arizona on navaho nation specifically. navaho nation is open to 350,000 citizens. more than we have 40% unemployment already. effectively loss of thousands of jobs, $2 billion in lost revenue, lost wages in our

people we cannot afford. he failed to meet with the tribal leaders. navaho nation taken a firm position in opposition to mr. steyer's initiative. stuart: native-american communities in other states are sometimes opposed to pipelines and fossil fuels and drilling. why are you not? , i got it, that it creates jobs. but on a different level, why are you not opposed to these these global warming measures? >> we approach responsible and practical transition to renewable energy sources. the navaho nation specifically has 100 years worth of coal in iting ground. more importantly provides million of dollars in lost wages and jobs and lost revenue for our people. we're knot opposed to renewable energy. we're spearheading a number of projects in our communities but we're doing so in reasonable and responsible transition. mr. steyer's initiative is

irresponsible we feel. stuart: would mr. steyer's initiative cut you off? you would no longer access the resources, fossil fuels on your territory? it would effectively close the four corner power plant in new mexico. would effectively close the coal mine the navaho nation does own. that would immediately result in loss of thousands of jobs we cannot afford. as i mentioned before we have 40% unemployment on the navaho nation. that is why our leadership is taking a firm position that we oppose this initiative and we support a more practical, responsible transition in the future. stuart: do you know what the polls are saying about this initiative? >> right now we're leading the polls. voters in arizona seem to reject mr. steyer's initiative. we'll know tomorrow. right now we're about 10, 11 percentage points according to the polls as of last week. stuart: generally speaking the native-american community in arizona, does it vote democrat or republican? >> well navaho nation is a

non-partisan nation. so technically we do not have parties but largely we are more democratic voters but we've done a great job of looking at issues from a non-partisan perspective. so, we might see in this election cycle how that might change. stuart: we thank you very much for joining us this morning. timely appearance. >> thanks for having me on. stuart: sure. i will call this another win for president trump. he has made america the world's dominant energy power. i do call that a win. and implications of this are profound. my take coming up, top of the hour. ♪

..

stuart: president trump has knocked up several big wins. now we have another under his belt. he has made america the world dominant energy power. i think that's a big deal. look what just happened with the president to impose tough new sanctions on iranian oil, but the price of oil is way down from where i was when sanctions were first mentioned. sixty-three dollars a barrel. it's not supposed to be like that. supply down, prices up, right? why not this time? trump has made us, america, the world dominant power peer drilling techniques pioneered by americans have a gesture of crude. are output in america is up a whopping 2 million barrels a day in the last year. we have replaced iran's oil and the implications are profound. first, we have leverage without enemies in the middle east. they do not have those over a

barrel. second, we can export oil and gas, send it to europe so they're not dependent on russia. third, gas prices are coming straight down. that is very good for your wallet. finally, energy dominant means that america does not divide oil from nations which hate us and we do not share our values. we could be even more dominant if it weren't for green activists and politicians who hold of pipelines and ban any and all drilling. despite all that, it is america which runs the world's energy market and that is another trump win. the third hour of "varney & company" is about to begin. ♪ i'm quite prepared to call this a rally rather unexpected rather because it's occurred most in the last few minutes. 25 the dow 30 and the grade and

the dow was up 151 points despite big trouble at apple which is a dow stock. 150 on the upside. as i said before, i think the president has gone another big win with energy dominance. joining us now, horizon investment chief global strategist greg valliere. this is 100% a positive for america to dominate the world energy market. are you going to throw cold water on me? >> no, not at all. i would never do that to you, stuart. let me just say a speech two weeks ago in houston and people there really no other energy as you've indicated you know your energy and they were astonished that most americans don't believe this. most americans still feel we are beholden to the middle east. >> is it going to help the economy significantly. is this a significant boost for

the economy? >> i think so. it puts downward pressure on economic growth. it's an unabashedly good story. if we overproduced and it really cause prices to crash that would be a concern but i don't think where they appeared turning to another positive. i think we are looking towards a spectacular holiday selling season. you're not going to throw cold water and not one? >> i would say with a number like last friday's unemployment number, and extraordinarily good number you have disposable income because wages are going up. i would argue people may spend a little bit more the next acted during the holidays. stuart: after such a messy consensus about the vote smart it is that the democrats retake the house but republicans keep control of the senate. if that is the end result, when you think the market does on wednesday morning? >> i hate to say this and talk myself out of a job but i don't think this is a big story for

the market. this is well in the markets. the democrats will get 28, 29 seats and take the house. historically that's nothing to brag about. that's what you would expect. it's not a way of election in my opinion. the major point and i disagree with grover norquist are you just had on. translator will prevail. there will not be a big new tax hike because he would veto it. stuart: what happens if tomorrow the democrats take the house and the senate? >> i think there would be some concern of something going on that could have implications for 2020. the markets might be a little concerned about that. i don't think it's going to happen. the more likely scenario is the republicans could at least two more seats in the senate that even more conservative judges are going to get confirmed. stuart: last one real fast. if republicans keep the house in

the senate, a survey by the republicans coming think the market goes up wednesday morning? >> yeah, i think so. we could get more tax cuts which would make the tax cuts permanent and we might even have a serious discussion next year about lower individual taxes. stuart: c., were on the same page, greg. >> there you go. stuart: greg valliere, thank you could see you again soon. blessing on the midterms for a moment. we vote tomorrow. the balance of power in congress on the line. it's a president trump said about the democrats taking the house. is short, roll tape. [inaudible] stuart: okay, put that aside for a second. tom bevan is that the of the guy who runs real clear politics. welcome to the program. the consensus that there is such

a thing democrats take the house, republicans keep the senate. what are your polls? what are they showing you? >> that's the most likely outcome at this point given where all the data stands right now democrats are favored to win the house and need 23 seed and republicans right now according to now according to her the polls stand with upon peter and the senate. of the seven tossup races, four of those are the real clear politics average. any late move could affect the outcome there. the range in the house, if democrats over perform polls by one or two points come you can see the number go for a mid 20s into the mid 30s approaching 40. conversely if republicans have a good night and they get their voters out at the polls commanders delay scenario where they can keep the house. stuart: your polls, not your polls, but the polls you cover so democrats in the house, republicans keep the senate. that's where you are. tell me how you do these polls.

people don't have land lines any longer. you can call people on a landline and if you call them up on the cell phone, i never, ever answer this thing unless they know what is. >> first of all, were aggregating other people's polls. this is a problem posters have been facing for 10, 20 years. one of the problems is the reason we have that left-leaning is because it's become more expensive to do this. used to have a 70% for andre call a land lines 25 years ago. now it's 7% or less. you can make thousands and thousands, tens of thousands of phone calls just to get your 500 respondents. stuart: but then the results are skewed. 7% of people answering the phone. are they a certain type of person? >> they will take those in which the respondents. this is where polling becomes sort of its art and science. all these pollsters are making

assumptions about what is the electorate cannot look like tomorrow. who's going to turn out. did they set off a previous midterms come in previous presidential races, elections and the voters are telling us how excited are you to turn out if you're a democrat versus republican. those sorts of things here and all of that is in the mix. 2016 it turned out pollsters had missed rural areas especially among non-college-educated white voters that they tried to adjust for that and try to make up for democratic enthusiasm. so we'll see. as her chance polls could be wrong? absolutely. in fact, the polls will be wrong most likely. it's just a question of which directional democrats outperform their polls or will republicans outperform? stuart: if the polls are wrong by two or three-point they favor democrats and they are wrong. two or three points the other way.

that's a sweep for the republicans house and senate. >> we have 37 tossup races right now in most of those i would say 32 of them are republicans. that republican is either up a pointer down the point. if they over perform by two they would win most of those races and we would be necessary where republicans hold the house. stuart: you're going to be doing a lot of television in the next 48 hours. tom bevan, appreciate it. come next year, taxpayers can put more money into their retirement account. your soap works. the irs says you can contribute $6000 to an ira and that is up from 5500. you also put 19,000 into your 401(k) up from 1825 as of now. a marginal increase to put into your pension stuff. tech stocks down, particularly those, home improvement closing 20 underperforming stores and

another 31 in canada appeared in canada. that's what market i'm not up 1 cent. berkshire hathaway repurchase $928 million. the market likes it now but it found out about it. stocks up 5%. check apple. it has fallen below 200. now it's back to 201. that is costing the dow about 50 points and at the up 135 without apple of close to 200. that's a story. the migrate caravan now four of them was 12,000 people marching towards their southern border. president trump calls innovation. the lieutenant governor of arkansas is worried about drugs coming in through the caravan arriving in his day. he'll tell us all about it. president trump said he is planning a dinner with china's xi jinping at the end of this month. there is some optimism about a possible trade deal. that's helping the markets. all about the economy.

if we get a trade deal with china and strong holiday sales that would turn it into booming growth in the last three months of this year. we will discuss my theory. also when money the market still a nice gain of 141. this is the third hour of "varney & company." ♪ curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some of what medicare doesn't. that could help cut down on those out-of-your-pocket medical costs. call unitedhealthcare insurance company now

or visit aarpmedicaresupplement.com for your free decision guide about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. there are no networks or referrals to worry about. do you accept medicare patients? i sure do! see? you're able to stick with him. like to travel? this kind of plan goes with you anywhere you travel in the country. so go ahead, spend winter somewhere warm. if you're turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. thumbs up to that! remember, the time to prepare is before you go on medicare! don't wait. get started today.

to learn more about the range of aarp medicare supplement plans and their rates, call or go online today to request your free decision guide. oh, and happy birthday... or retirement... in advance. stuart: in the next hour president trump embarks on a barnes or mentor before the midterms. he'll hold rallies in three states. missouri where he's campaigning, indiana campaigning for businessmen might run for senate and in ohio he'll be rallying for jim renacci also running for the senate. the president is working hard to keep the senate in particular

and gop control. let's get to the caravans. four of them now it's about 12,000 people in them headed towards the southern border. president trump says they're not going to get in. roll tape. >> democrats want to invite caravan after caravan of illegal aliens to pour into our country. i don't think so. no nation can allow its borders to be overrun and invasion. stuart: rick rick leventhal is that the texas border right now. are they laying down barbed wire right behind you? >> well, they have here. another border crossing here in hidalgo, texas not far from us. this location here is their base camp with the razor-sharp wire. a lot of stuff going on here moving in and out a lot of heavy

trucks and heavy equipment serving as sort of a base camp for operations for these active duty soldiers as they work to support the customs border protection agents who are hailing illegal crossing every single day. they made 900 arrests so people are coming in the height of the caravan on a daily basis and they know thousands more could come here as part of that caravan. so what they are doing is trying to shore things up and make sure that anyone who tries to come in by four sports make across will have a much tougher time doing it because the customs and border protection agents have their hands full. now they have help from the military saying that the good thing as far as they're concerned. stuart: rick leventhal, thank you indeed. appreciate you being here. tim griffin is with us, lieutenant governor of arkansas. your concern with these caravans and all migrants actually is the illegal drugs they're bringing

into the country. spell it out for us. >> that's right. this is not something we have to guess about. drugs come across the border every day. for years we had the meth crisis in the u.s. we tempted down by doing some things with prescription drugs and then what happened? the mass factories on the mexican side of the border exploded and that started coming in. we are seen we are seeing now with sentinel and illicit opioids. as we start to do with the opioid crisis on the prescription drug side, and the illicit use illicit trade of opioids, many of them from china being muddled through mexico laced with sentinel are even more deadly than, for example. fentanyl is 50 times more deadly than. absolutely we ought to be more

concerned about this. i've been down there where rick is. stuart: if i was trying to smuggle sentinel into the united states, i wouldn't be with these caravans because the caravans are closely monitored. they are watched, organized. so it's not the caravans that are the source of these drugs. it is the independent operator so to speak who are slipping by elsewhere, right? >> well come you never know where it's going to be actually. what will happen is there will be these criminal enterprises who will be preying on the caravan, looking for people to do their bidding in exchange for passage to the u.s., in exchange for money. we've seen this before. if we can think back to a lot of the migrants overflowing and to southern europe, a lot of them were up to no good we found out

later when we had some problems on the continent, violence or example. look, this is an ongoing problem and the president has talked about a compassionate country, stuart, but were also a country of law. i'm a lieutenant colonel in the army reserve when i'm not being lieutenant governor and i don't know exactly how many troops are needed, but i trust the commander-in-chief, the president with all of his resources to know how many we need. and he has an obligation to do that. stuart: got it. tim griffin from the great state of arkansas, thank you for joining us. we've got a rally on wall street. i'll go through some individuals talks. i'll start with amazon offering them dying brands. not sure what that is. there you go, amazon.

xd $1 per share. it is offering free shipping to all customers now for christmas. no minimum purchase. shipping prices have gone up. if amazon does that and they're going to free shipping is going to cost a lot of money. one of the reasons amazon has done so much today. exceed $4 down. nearly 4% lower. and i am brands operate by hot. the name change publicity. to promote its new burger menu. still showing results apparently. they've doubled their burger sales for heaven sakes. a three-point fibers that. back to amazon's year in and on a few cities for their second headquarters. amazon in late ditch talks with northern virginia's crystal city , dallas texas in new york city. the decision could come sometime this month. the speculation amazon may

announce plans to play smaller operations and runner-up locations. check this. tesla's chief elon musk teases the company's new pickup truck saying it will look like something out of a sci-fi movie, blade runner. this track will have dual motor all-wheel-drive suspension that can adjust the load and the ability to parallel park. you need that. must also treating this. video of his foreign companies underground tunnel in los angeles. he set an ambitious deadline for when the public can ride in that tunnel, quote, on track for opening party december 10th. really this year? will be very one dimensional. we are not sure what that means. there will definitely be more "varney" after this. ♪

such

comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers.

"activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. stuart: california has been hit by 39 earthquakes in just 24 hours over the weekend.

magnitude 4.1 quite quickly followed by a series of more than 20. this visit we showed you last friday the bubbling sinking poll is on the move. it's still moving. still there. the first wireless insect sized robot weighs about the same as a toothpick that can go places for larger drums obviously cannot go. it was greeted by engineers at the university of washington. a rare sighting in new york's central park. this is a mandarin duck. it's known for its multicolored feathers native to east asia. it is illegal to own that kind of dock in new york. fox news break him in the

studio, in the flesh, next. ♪ - at afor the financialt's time world to stop acting the same old way. you need a partner that is willing to break free from conventional thinking. we are a different kind of financial company. we are athene, and we are driven to do more. ...that's why i've got the power of 1-2-3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the power of 1-2-3 ♪ trelegy 1-2-3 trelegy with trelegy and the power of 1-2-3, i'm breathing better.

trelegy works 3 ways to... ...open airways,... ...keep them open... ...and reduce inflammation... ...for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling,.. ...problems urinating, vision changes, or eye pain occur. think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy and the power of 1-2-3. ♪ trelegy 1-2-3 save at trelegy.com.

stuart: holding onto triple digit gain for the dow industrials and the dow 30 are in the grain. the s&p 500, rally there. the answer is yes we do. not because the dow but we'll take it. look at the nasdaq. not that gives the home to technology and you can tell technology is taking it on the chin again that the nasdaq composite down 78 points, better than 1% down. president trump is lucky not possible antitrust violations for amazon, google and facebook. look at the impact on the stocks. facebook, amazon, google, way, way down. apple is sharply lower $200 a share. down goes apple. over the summer best level and rate of growth in a decade. looks to me like it's a blowout

holiday shopping season. let's get an expert opinion. not shaken the national retail federation ceo. would you put a number on it for me. i'm sure you agree with me it's a wonderful holiday shopping season coming up. what number, what increase in sales that make it a blowout? what are you looking for? >> good morning. nice to be with you. we feel very good about this holiday season is to be booming economy. consumer confidence high, and low since the vietnam war. very, very strong healthy consumers are shopping. they will grow this holiday season between 4.5% and 4.8%. we can see the high end of the range based on everything we see in the economy and the things you allude to. stuart: if you did hit the 4.8% in sales, would they be the best in a decade? >> as a percentage we are

getting close. last year was the best we had since before the recession since 2006. we get into that 5% range we could do as well as last year or better than last year and that's really outstanding. i would be more than $750 billion in sales and one quarter and that reflects the strength of the economy from tax reform, regulatory reform, wages growing and more people getting off the sidelines back to work. more participation rate is increasing. all very positive and we are bullish on the holiday season right now. >> there's been some positive movement towards a deal with china which would take care of stuff the table. i'm sure you would love to see that it would give your real shot in the arm for retailing for the holiday season. another shot in the arm. >> for this holiday season based on what was in them the kind new experiences the retailers are

delivering, products, services, pricing, convenient, the pickup in mind, seamless experience for this holiday season is pretty well predetermined to give us a great holiday. really looking in the 2019 and beyond and it are hope will continue to seek positive momentum there. the president and president she are going to me. stuart: you know what's going on with the president trade talks. have there been positive developments? >> well come i think you're seeing both sides now although there's some denials saying that there might be a deal, conversation. what we want to see. stuart: i can read between the lines. you're not convinced there's positive movement. >> what we need to see his movement from china and we haven't seen i definitely agree with the administration that there's concrete reforms in place. until we see them take real action in the how to get come

and they'll continue to be calls for harsh measures like tariffs. our view is that will impact more working-class americans most dramatically, not going to happen until 2019. we'd like to see a put off as long as possible and would like to see real conversation and results. stuart: please enjoy the holidays. i'm sure you will. see you soon. let's get to the midterms. we vote tomorrow. america votes with the wallet by the way. control of congress is at stake. in new york city the man himself dragged away from florida. nice to see you. it is booming. david is the central issue,

mr. trump that can be complacent. unless you can make the case that our prosperity will be lost if so-and-so and the election, running on your economic record may not be as potent a vote getter is running on people with fears and anger about illegal immigration or whatever. i think that is what the emptiness in the trump camp although it should be noted the president is saying a lot these days about the economy. stuart: yes, he is. you see the polls. you're in new york to cover the election for fox news. am i right in saying the polls are tightening the last minute. but they are typing in favor of the gop. >> they were trailing. so yes i'd say that. 2016 approved to be prophetic that republicans have something

like an 87% chance for the interest is going of holding the senate, democrats have a 67, 60% of getting the house. it looks like a lot for the gop in the senate and not so much of one in the house. chances are the gop holding the house are narrow but it's possible. stuart: that the best you can do for us? gop holding the house and increase in the senate do-gooder rally on wall street. your 401(k) will go through. >> the thing that haunts me is trump's running around the country now attract these massive crowd and i seem presidents do this before. bill clinton did it in 1994 to disastrous results. barack obama did in 2010. didn't work. his party lost control. i look at trump inside with the doing of these other guys. however, all of us are haunted

by her memories of 2016 when he was running around the country holding his dead rallies coming huge crowd and i was saying out of my years of its errands, crowds i've to measure how an election will turn out well. i was sobered by the outcome. it might be that this guy is campaigning out here and will make the difference. i don't think there's any doubt about that. democrats are coming out. they can't stand him. they want to hurt them anyway they can die happy to do that by devoting for democratic candidate. his base will be there the question is whether on top of that. >> we will see a lot of brit hume over the next 24, 48, 72 hours. >> there's a big cast and i'm just a player these days. stuart: self-deprecation. thank you very much. >> nice to see you i guess. thank you. viewers were rechecked various

market. outside stocks first of all the price of gold still around 12.30 per ounce. bitcoin i guarantee it 6400. how about oil. about $65 a barrel. do remember we impose the sanctions on iranian oil today. you would expect the price of oil to go up if your research supply. not though. 63 bucks per barrel. here's what really intrigues me through the price of gasoline keeps on 20 down -- coming down. it is now averaging $2.76 per gallon. nowhere near $3 a gallon we got totally wrong. next case, the robot killer. robo killer on the program before. if the app that blocks unwanted robocalls and trolls a telemarketer on the line with

nasty and sometimes funny responses. featuring the voices of filler quitman donald trump fighting back. and these nasty callers. this is one place in america that considering letting 16-year-olds vote for president. we'll tell you how this may happen. california may have been robbed. john cox had a longshot chance of winning, but new polling suggests gathering news from democrats mole in the governor's race in a land lead. it looks like larry elder was right. he's the voice of reason in california and is on the show shortly. also asking california loss, more people to other states and it took a month here. net migration out. next we'll tell you how many people left and where they are going.

♪

>> sat down with jumbled this morning could listen to what he

said about the latest iran sanctions. >> oil and gas and potential as a strategic alternative for the europeans, from buying russian oil and gas could be a strategic alternative in the far east as well. you already see chinese banks that are stopping larry and iranian financial transactions because they'd rather do business in the united states. the same mr. for many other chinese businesses. the reach of american economic power is enormous and that's what the president choosing year. it will cut into iran's ability to finance terrorism and to engage in military activity around the middle east. we are already seeing now. ♪ ♪

♪ comfort. what we deliver by delivering.

stuart: 16 olds voting for president could happen in washington d.c. the city council will vote on a bill lowering the voting age to 16. this will include both local and federal elections. the vocals before the council later this month so it would not affect tomorrow's election. let's get to california. the latest polls in the race for governor show republican john cox way behind gavin newsom. 20 points behind. larry elder is with us. i thought he had a longshot chance of getting really, really close but i guess not. >> when i was on before and so do the likelihood of costs when he was not very great i got hammered. california, registered democrats

versus registered republican almost three to one. the category of decline to state independent is now a larger category than republicans. there is no single republican statewide who holds office. true to more people left california then came into california. texas if they're moving for economic reasons and i suspect they are. why are they so far ahead in the governor's race. they might otherwise vote against them. the left-wing stay. and they cannot like republicans. they only care about the rich.

the wall is not popular. gavin newsom wrapped himself around trump early on and i told you before they probably figure that's less popular than trump may be charlie manson. outside of that domain is not popular. a test stage like john cox. train to the repeal of the gas tax that california will vote on tomorrow. >> to let it stay in place. stuart: i absolutely do not understand not. how much money was spent to retain the gas tax. they went from very unpopular now two very popular. you let your opponents but not much money defining who you are and producing your dog won't

even miss you. stuart: wait a minute. you've got the highest poverty rate in the land. it's over 20% california people live in poverty. they are very badly affect it by high gas prices. will they vote to repeal it? >> they had been taught if you repeal the gas tax will have lousy roads, poor infrastructure, nevermind the money we are to spend. now embrace it. stuart: go figure indeed. i'm sorry that i was so wrong about california. i thought it's a republican would have at least a shot and i was wrong. we're very sorry. larry, you got it right. congratulations. >> i'm born and raised here. that's a fact. larry, we do appreciate you on the show and i'm sure we'll see you real soon after the election.

>> my pleasure. stuart: good luck. with credit check alibaba. seeing those days a week from yesterday. november 11th. they are facing delivery challenges apparently in the stock is down about 1.7%. still going to be a huge investment i'm told. take a look at kroger positioning itself is much more than a grocery store. toys "r" us pop-up stores in 600 kroger locations for the holiday season. stocks up a fraction. ibm, one of the leaders in the dow bouncing back a little bit after last week shell shocking now a three pointer by%. how about robo killer? it is a map with unwanted robocalls and the telemarketer who's on the line have been fighting a legal campaign calls using the voices of hillary clinton and donald trump. they are winners in a moment because i want to know when they're going to start trolling the computer calls.

the first, listen to this. >> how did you get this phone number? before if the questions i'd like to know if you're also investigated mr. donald trump as well. i can be left alone. >> is not like that, man. >> so this isn't the state department? >> no. it's not. ♪ rs the dads and the drivers. there are doers of good and bringers of glee. this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best.

get up to a $1,000 credit on select models now during the season of audi sales event. to learn about their medicare options before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why...medicare part b doesn't pay for everything. this part is up to you. a medicare supplement plan helps pay for some of what medicare doesn't. call unitedhealthcare insurance company or go online for your free decision guide about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. do you accept medicare patients? i sure do! to learn more call or go online

today for your free decision guide. oh, and happy birthday... or retirement... in advance. today for your free decision guide. show me movies a grinch would love. [ bark ] nu uh, i'm picking the movie tonight. [ whimpers ] be sad, i enjoy it. show me grinchy movies. oh, goody. [ whimpers ] mmm, fine! show me movies max would like. see the grinch in theaters by saying... "get grinch tickets" into your xfinity x1 voice remote. [ laughing ] uh oh. something in my throat.

stuart: illegal campaign of robocalls rampant ahead of the mid-terms. however, new technology to fight them off using impersonators. you just heard moments ago hillary clinton's voice. now listen to president trump. roll tape. >> you realize who you called? do you know who i am? if you haven't realized the president of the united states, the most important man in america may i add you to tell me

right now what made you think you could call me? think of course, president, sir. [laughter] stuart: i just love it. the tip on the screen, his name is ethan garr, vice president of product for robo killer. that is the app that i can get on this earphone and if i get one of these robotic calls where there is a telemarketer human or a computer voice, it sends back hillary clinton are donald trump yet he goes after them. >> we're going to stop those calls in the background will answer them. if you want hillary trying to answer for you we can set that up for you. stuart: it doesn't block all calls. just the unwanted calls are the ones who block. a smart algorithm with 62 people in new jersey working hard on it to make sure we only block the ones you don't want. stuart: how many robocalls are made, have you got a number? >> last month by .06 billion were made for millions.

that's it to be. stuart: 5,000,000,001 month? >> on average are getting 20 months. >> that's not unusual. you could just turn them around. block them, turn them around. eric cantor van of invaders. you go to the google place store and install it and i are protected from all these calls. stuart: how much. >> $3.99 with her to the seven day free trial. stuart: if i could've robo killer.com or whatever, put it on here, i've got seven days free. i pay three dollars and 99 cents per month in a then you block everything. stuart: if you buy for year will save money after that. >> we went for both. these are voices people now.

and it's been such an exciting campaign season. you guys been busy and we thought it would be fun. stuart: you've done very well with this pyramid of success. congratulations. good to have you on the show. robo killer. more "varney" after this. ♪ . . .

than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for a free kohler nightlight toilet seat with consultation. or visit kohlerwalkinbath.com for more info.

stuart: let's do some predictions. you have three choices. split decision, all house and senate go democrats. house and senate goes republican, which is it. ashley: as betting money goes, dems with the house, gop with the senate. but you know, who knows. but i think that is what is going to happen. stuart: liz? liz: split decision. democrats pick up 30 seats. that mean as 7-sate majority.

the senate stays republican. republicans pick up three or four seats. stuart: i will go the other way. i think republican cost keep the house by a very slim majority, think they can keep it and extend, win another two or three seats in the senate. i think market goes straight up on wednesday morning. >> i like your version. stuart: how is that for a prediction, neil cavuto? neil: here is what should make you run the other way? that is my prediction. i think it will not go to consensus. i think you're right. we'll see what happens. so run the other way, young man. obviously not that far away from the beginning of the 2018 midterms. everyone is poised to see what could happen. those are the scenarios stuart laid out. split government, democrats seize the house that is very good for the market as well. we'll explore that in the next two hours here. but again you heard the consensus. you heard what stuart had to say