dagen mcdowell thank you for joining us this morning. that will do it for us "varney & company" begins now. stuart over to you. >> thank you very much. good morning, good morning maria, good morning everyone. yes there's been a mass shooting at a bar in southern california. 13 dead including a police sergeant. the shooter is dead. no formal id at this point and no known motive dreadful scene we will have more on this as no, authorities and witnesses tell us what happened. rest of the news, jeff sessions replace. as attorney general is matthew whitaker he's now in charge of robert mol or and russia probe. mr. whitaker has been critical of the scope of mueller investigation and on record as being in favor of putting limits on it. the the president said, quote, politically, i don't like stopping it as in the mueller probe. i stay away from it. it's interesting that stocks kement up the big rally as this political bombshell was unfolding.

here's something else that did not disrupt rally disgraceful behavior of cnn jim acosta argued with the president descrupghted him refused to stand down and give up the mic. struggled with a white house intern, costa is now banned from the white house. as for that rally well holding up this morning up 550 on the day after parking the election l stay thered at the open. nasdaq shows small pull back after a gigantic gain yesterday. "varney & company" sb to begin. something like this would happen but i got any head in check really quick and like i need to get shelter and do something. i didn't really are have time to think about why it was happening

like what's happen hadding. it was just like -- get out. raw emotion there from someone inside the bar in thousand oaks california, she was in the bar when shooting started. ash. >> i heard gunman vibe all distributions i heard a gunman dressed in black turns up at a bar borderline bar and grill in thousand oaks, california. last night about 11:30, 40 miles west northwest of l.a. over border in ventura county he turns up shoots bouncer outside the bar. walks in, shoots the female cashier and then, of course, may hmm. reports that he was throwing smoke grenades on to dance floor as country bar and dance hall where it was college night in all of the confusion he stops unloading from pistol people throwing to get out through windows 12 dead. one of those a law enforcement officer sergeant ron was ventura county sheriff's department he

was the very first officer to respond to the the scene. he was shot multiple time just as he got inside of the establish m he e never stood a chance. 12 dead, gunman later found dead we "don't ask, don't don't knowr circumstances and don't know name or possible motive but an absolutely dreadful scene. >> but the hero here -- clearly is the police sergeant who rushed right in there. a 9-year veteran a wife and son he was planning on retiring next year. selflessly goes in had to try to tackle the gunman but never food a chance shot multiple time as he arrived. >> thanks. as jeff resignation the left i would say horrified because new acting attorney general matthew whitkier could place lums on the the probe. judge napolitano is here. in what way could he strict the probe? >> there are two olders ordered

who was bob mueller superior one is public and we know what's many it. it sets out targets and limits of bob mueller's investigation. other is not public and we don't know what's in it and that apparently has given mueller a more breathing room more opportunity to expand his investigation to hire more investigators and to purr pursue other issues he found something came to rosenstein said you want us to do it and sending it to somebody else rosenstein said you do it. those executive orders can be interfered he's not presidential these are rose seen orders they can be interfered with by whitaker and can affect the budget. now there was a point beyond whitaker cannot go avoid looking at evidence of crimes that you have and can't stop at prosecution that's been commenced. he can't stop an investigation once materials have been presented to the grand jury. >> but he could say you stop

investigating mr. trump's family. you stop investigating the finances because that was not in your original you are out of bounds let's do it. >> give you background because bob molar is not investigating the president family or finances that investigation was quite propererly transferred by bob mueller through rod rosenstein to federal prosecutors here in new york city so nothing to do request that. >> but whitaker say this was your original brief you're expanding it without authority. knock it off. >> he did have authority so it would be expand with authority rod rosenstein. exactly. he could do that. but not -- an investigation that has commenced but commenced i mean they begun to present evidence to a grand jury. >> okay what could democrats do if mr. whitaker says knock it off you're out of bonds? >> there's not much that democrats can do because only congress could interfere here.

and unless they can persuade republicans in the senate let's say it is january that democrats control the house they don't control it yet. they would have to have a vote in the congress the president would veto the vote whatever the vote is some legislation -- producting interference with the mueller investigation. then they have to override the president veto so you're talking about huge supermajorities necessary to do this. >> so i'm just concerned to issue is i want to say that whitaker could restrict mueller probe and there's nothing that democrats could really do about about it. i would say little i wouldn't say nothing. just stay there i have something else for you in a second let's move to -- your money deal request that shall we always a good subject. economy yet on fire. question -- will house democrats they control house now. will they restrict economic growth going forward? greg is back with us chief global strategist with horizon investment that's the the question greg could democrats who now run the house restrict economic growth in the future?

>> no. i think it is unlikely stuart because two firewalls, the senate and trump veto. so it is possible that the house will pass a bill to kill the trump tax cuts. it is possible that maxine waters will talk about breaking up the banks. but it would hit a brick wall in the senate. >> however when it comes to budget negotiations that takes place in the house the democrats could say yeah. we've got to increase taxes on business, if you want to get any increase spending on your wall, for example, that's how you could get a tax increase but back on the books. >> you know i've heard argument stuart but i think that -- it would be pretty reckless for democrats to invite a shutdown. i think that again, the veto power of the president would be in play. i would note that that in extraordinary press kfns yesterday that president kpted he might look at a tax hike on the wealthy in exchange for a tax cut for the middle class. wall street journal editorial

page talks about that this morning. i think that is really curious and something most republicans would not favor. >> it's amazing greg almost as amazing as that press conference was. you saw it same way as i did it was astonishing wasn't it? it was for anybody who thinks we're going to sing and get lots of deals next year infrastructure, i think that the chances of that just went down a lot. >> that was day one of the next two years. this is how it is going to be. greg thanks appreciate it. >> thank you. now marijuana stocks, did they rally right after jeff sessions resigned yesterday afternoon. what youing at now is those marijuana stocks at premarket levels. late yesterday, boy did they go up. judge napolitano here's the question. is the new attorney general sessions is gone, going to reclassify marijuana? >> i don't know his opinion on this. i know that president's opinion on it which is that marijuana should be decriminalizeed it

throughout the united states. >> has he said that -- >> not publicly but i know that he's said it and enough said. he is known to favor that. he never put reigns on this on jeff sessions. and jeff sessions much to the agree of fbi agents and local federal prosecutors instructed a rigid and aggressive enforcement of marijuana laws as if this were the 60s or 70s utter waste of federal resources i don't think that waste will continue. >> but if president got his way to have recreational marijuana nationwide that allows banks to finance the marijuana industry. >> changes industry radically and all for the better. also changes human freedom and frees up law enforcement to go after truely dangerous -- >> whether for better or not that's for a different story but economically -- off at that point of point. >> absolutely. i think you will see that happen. i just don't think that whitaker only in there or for 210 days

probably less will carry out the jeff sessions pattern on marijuana. >> could well happen in next few years could be. >> i think it will happen 2019. you're on tape -- [laughter] thanks judge. check futures -- because here's how we're going to open up that market today. we'll be down 60 on dow down about 40 on nasdaq but web a great big whopping rally not much of a pullback look at tesla it named a new chair to replace elon musk premarket stock is up nearly at 350 so who is the new chair? >> l robyn cfo of telecommunications and australian company, she's been at toyota, june per network and she doesn't have ties to elon mufng and here's the thing she's been both clo and cfo and tesla has less than four months before bond hold percent say give us a billion dollars nearly a billion in cash back. if that stock stays below 35987

below that now. so they've got about four months to get that stock price up, ab sent -- that's their job elon rara tweets. >> i hate that we with use the word baby sip but a tough job. >> you're in charge of musk good luck. >> problem from the fcc. >> you're right. [laughter] i have got bad news here for boeing a warning about the new 737 max jet as it is called they said there's a flaw which could cause jet to, quote, aggressively dive while in the air. how about that? we'll tell you all about it, i promise we love these kind of stories here on the show. a young man starts a business using 3d precincters to create affordable process thet tick limb he's a big success. he wants to give 100 of them away to deserving people did i mention, he's only 22 years old? that's the kind of story is we like. he'll unfold story is later for us this morning.

showdown at the bhows and banned from the white house after performance at yesterday's news conference. question should they have done that to a journalist? more varney after this. this pla. that last place was pretty nice. i don't like this whole thing. i think we can do better. change is hard. try to keep an open mind. come on, dad. this is for me, son? principal. we can help you plan for that.

this news breaking bader ginsburg fell in court that's according to the ap. ruth bader ginsburg is 85 we'll update this for you when we have new information. earlier this week, report that amazon is going to split its new head quarter the caked headquarters between maybe auralling ton, virginia maybe long island city. so why -- are we learning why d.c.? >> lucrative government contract so you know especially in the iron triangle so may model their new services on government on big defense contracting. a.m. son is going to make a lot of money here remember working with pentagon trying to get a 10

billion cloud contract so jeff sees a lot of -- upside here. tmpleg makes sense i don't know why they want to go to long island as well. a story entirely. cnn standing behind jim acosta after a press pass last night came in wake of his confrontation with the president yesterday. roll tape. >> cnn should be ashamed of itself having you working for them you are a rude, terrible person you shouldn't be working for cnn. you're very rude person the way you treat sarah huckabee is hornl and way you treat other people are horrible. you shouldn't treat people that way. justjust sit down please. voter suppression take a look at the cn energies polls how inaccurate they were. that's called voter suppression. i really wanted to show you the confrontation because it was a confrontation. he was arguing with her -- okay so we've got this statement released by -- the white house here. fact that cnn is proud of the way their employee behaved but

disregard for everyone including young women who work in this administration. joining us now former utah congressman fox news contradict tore jason, the question is, though, is one thing to ban the guy from a press conference. it's another to ban him from the white house and white house grounds entirely should they have done that? >> i think they could jim acosta karate kid said he didn't touch but he did and way he acted it was embarrassment and i think all of his colleagues would also be embarrassed. but i have to tell you i think donald trump called him out on it. called hmm out time and time again and continue to do that. it doesn't have to have access to all of the white house. they're not banning cnn they're banning somebody who is -- rude, who is acting inappropriately. and i don't think he should be allowed it in the white house. >> it was appalling to watch that. >> no it was embarrassment. and then he went later on television saying i didn't touch

her well watch the video he did. they touch her and argument a about what he did at a press conference with the president of the united states. not the first time. debate him but don't interrupt the man. >> there's a the pattern here they would never do this to barack obama and never do this to president clinton or never do this even to george w. bush i don't think. it was a pattern now that's the problem. >> that's the point isn't it -- yet set pattern for next two years not just between the president and the media. but between the president and all of those democrats who will investigate him to death. >> i thought it was interesting too they said well mr. president well you know you do or more of this we don't see much of you he's been standing there more than an hour at one point president actually said -- are you getting bored yet? he's made himself so excessable. and he's also done some very smart going in the direction of the american people. comment was about the border and the president said, i want more immigrants we need more

immigrants because hundreds of companies are coming in to build here. we need workers legally -- saying legal immigrants. >> substantive answer didn't blow the guy off but jim trying to make it about himself. and report per goes to school knows you're not supposed to be part of the story. no you're given an opportunity to question the president, the president answered. we have a straight answer out of you. that's very good thing. i'm sorry i cut this short but such a busy news day i have to -- but absolutely thank you very much. thank you. check futures here's how we open the market. the thursday morning, down 60 odd point for the dow, 40 for the nasdaq. now, this one took us by surprise, in the mudst of the opioid epidemic fta has a superstrong highly addictive opioids 1,000 times more potent than morphine why did they approve it? good question we'll ask dr. siegel, next. - as the original host of wheel of fortune,

i was blessed to be part of building one of the greatest game shows in history. during that time, we handed out millions of dollars to thousands of contestants. and i thought, what if we paid the contestants their winnings in gold instead of cash and prizes. back in 1976 we had a wonderful contestant named lee, whose three day winnings were valued at $12,850.

and you know what? that was a pretty big haul back in 1976. so, i wondered. what would have happened if lee had put $12,850 in cash, and then put $12,850 in gold in a safe? just sitting there, side by side, from 1976 until now. well, i went back and i ran the numbers and what i found was amazing. we all know that $12,850 in cash would still be sitting there. but, it would be worth a whole lot less than it was in 1976. but that $12,850 in gold, safely stored away? it's worth $135,000 as of the taping of this commercial. now that's more than 10 times the original amount. and that's why i've been putting my money in precious metals for years, and i don't see any reason to stop now. - [narrator] don't wait until the next crisis, get started securing your financial future today. if you have bought gold in the past or you would like to learn more about

why physical gold should be an important part of your portfolio, simply call to receive the complete guide to buying gold, which will provide you important never seen before facts and information you should know about making any gold, silver, or platinum purchase. - [ philip] don't wait until it's too late. call to get your free copy of my new u.s. gold report. inside you'll find 25 reasons i've covered on gold ownership. and start owning gold today. - with over a quarter of a million clients worldwide, we're one of the most dependable gold distributors in america. give us a call today to get started.

wow fd it a is getting hack after they approved opioid and more powerful than morphine here's doc seeing l why would they approve this drug now? >> i spoke to scott about what i

like what he has to say about battle field use with pentagon and fd airings working together because a soldier on battle fold they may be bleeding you can't get a line in or pill in, obviously, you need something to put under tongue for acute pain. like if you lose a leg, god forbid or horrible injury. and then they said fda what about in a hospital with physicians only involved not for a pharmacy. only for 72 hours use acute pain after an operation or some material fall fracture same idea i'm for this. it shows stuart it shows fd airings thinking outside of the box they're saying we can't stop approving all opioids but we need to develop a policy a strategy where we only approve for niche use exact use to approve it. highly addict uv i take it so that's why fda has to monitoring this. because if the wrong hands we have a bad experience with feintal with a list of chemists

in china across the border. same thing happen again if it is that powerful it could some elicit chemist make it on the side. : there's always a potential for or that and point of view they can do it anyway. they know about this chemical that's available intravenous lis and now a new preparation under your tongue could it be misused yes. could it become addictive it is addictive could it -- summarize it only by a physician in a hospital not at a your local pharmacy you couldn't prescribe it for me if that's what i want. >> not a chance you can't have. but not only physician use in a hospital or acute care setting but also on the battle field for wounded soldiers life saving -- if you're in horrible pain i'm for it. >> good thank you doctor a very good story. or very interesting thank you doctor. check that futures market again please. here's how we open up this thursday morning we'll be down but not by much 50 for the doug up 550 yesterday and nasdaq down may be 40.

it was up close to 200 yesterday. we'll be back.

30 second to go and we open this market on a thursday morning it will follow a whopping great big 550 point gain for the dow industrials yesterday. let me get that right.

they were up 545 points yesterday. closing at 26,180 who was that a few hundred point away from all tile closing high i think -- and pay close attention to the nasdaq today. it was up 194 yesterday and bang 9:30 eastern time up and running here we go sports fans. we're open with a loss of 46 point 42 points. 48 points. that is a who is of ab quarter of one percent with down 64 down 55. moderate the loss there. i'll call that a moderate loss from the get-go how about s&p 500. where is that? he asks -- down a quarter of one percent about the same as dow. as for nasdaq very interested in this. how's techs doing down almost half percentage point so bigger pullback for tech than rest the market. let's check big teg while we're at it. here question go all down except for apple. apple is only winner there up 30 cents that's it. facebook down a buck.

alphabet down five amazon down nine and microsoft look at that level, though, 111 a share. [laughter] not quite retirement territory. joining us now michelle eddy, ashley webster and elizabeth macdonald first question for everybody. can the democrats in the house they control it now. can they put a cap on the stock market rally? michelle. >> i would say no because at the end of the day markets like certainty and we have a stalemate right now in congress and that's certainty. what i look at is corporate profits to have double digit return ares and materials of corporate profits for end of the yore and that is positive news. that should push majorities forward. >> okay eddy -- >> i think it is a scenario where gridlock is good we know that tax cuts and for two more year here's other thing there aren't anymore tax cuts or stimulus probably happening so that means maybe fed will take a little bit of a slower stance on raising rates. you have the fed state change their stance we keep the economy

growing the way that it is. ting that market has hit new highs. >> stock exchange and saying great news is law enforcements now can't do anymore harm to this market they're too busy fighting each other and won't undo good things or positive measures so for the next two with years eddy point they are confident that this market can hop along nice lain my is well. let's face it mr. trump has a veto so they can't do that much damage. they tried. so three people that i went to said no they can't cap for stock market rally there's a fourth person on this panel her name is eats mcdonald what say you? >> i would say yes they can because markets are starting to pop yesterday when president trump said yeah i'll deal with mrkts they move higher best performance who seen since 1982 -- [laughter] get this -- but you know, let's put it this way it will add volatility to market with the democrats are going to do. how about that seat -- [laughter] >> i have interestings news on

google, they're planning big expansion in -- new york city. adding 12,000 well space for 12,000 new workers -- why would anybody in their right mind want to move 12,000 people it a congested high tax municipality like new york city i wish i had a really good answer for you and i don't. i was surprised to see this because of the cost of the cities and the congestion. but i guess when you have kind of cash flow they have, maybe -- >> but if you're a -- a high income person, you work in google and executive at google you're making a ton of money you're going to pay new york state tax tax federal tax city is tax, and -- >> the same way you have to think about where do people want to live in new york taxes are are pretty much the same. >> they can commute from pennsylvania. a long commute but they could do it. do these care about taxes? don't it they? >> apparently not. no -- apparently not. i've been shot down again.

try again. [laughter] >> i will. [laughter] new leadership at tesla with robert as new chair she's coming into tesla by australian tell come company so eddy, is she the adult in the room who is going to organize -- mr. what's his name again, musk. this is positive news because elon caused a lot of volatility in sock with tweets and things that he's done so this is positive news for stock holders to get rid of the headline risk that this company is had. so tell me again liz, what level does that stock price have to go to so that they don't have to shell out a billion -- >> in cash. 35987 and they have less than four months to hit it. they probably will. but her job to get stocks at 359 whatever. and step up and say give us a billion in cash. >> a background and worked for seven years for toyota in australia and went into tech world and she has both

autobackground and tech background perfect for this company. but she's got to work cut out for her to keep mr. musk under something to yap. >> started out as train ared arthur anderson auditor so shebs balance sheets. okay that helps. got it check the big board stabilizing -- huge gain yesterday. tiny little loss this morning. we're down just 38 points in early going. how about ge -- 9:25 they touched another big low yesterday. but right now they're at 926 her share. check the video game maker take two interacted. it raise ared its guidance for the because -- real strong sales of that new game red dead redemption 2. that's the game that brought in i think it was 730 million dollars. in the first weekend -- 725 was it, okay stock popped earlier it is down $2 today at 123. how about dr. pepper make soda it and coffee machine ting they still do. they reported better profits for

the stock down a fraction. look at oil, i think it's now below 62 a barrel yes it is. 61 and small change. that's why the national average for gas keeps falling. you now at the 273. gas is fallen 29 day straight. i call that good for the economy. that's spending power isn't it? cash in hand. what's wrong with that? >> for holiday season. >> right. disney they report their profits after a close of trading today. would you tell us what they're expecting? a 25% increase over past year which is -- of what profits. phenomenal so that's great news and very interesting to see kind of what happens with fox century 21 what they're doing with that as well as streaming business because not only are are they doing a streaming line but merge they have hulu so interesting to see kind of what is to be expected on this call. >> the call will be interesting -- right. rob opinion on the call. absolutely. okay. now on a related note --

more people are cutting cord, i mean, a lot of people. cable and satellite tv companieses lost more than a million subscribers a million just in the last three months. eddy, that surely is good news for the streamers because that's where with everybody is going. >> it is 100% and that trend is going to continue to rise and i think that's a lay in the hansdz of companies like netflix and causes a lot of problems for cable companies to be creative to how to attract more viewers to not lose so much viewership. worst quarter in the industry for cable and sat tv first time they've lost over a million combined by the way look at youtube tv 800,000 subscribers youtube tv. wow. youtube is place to be. thank you to a lot of young folks. >> my kids watch youtube they don't turn cable tv on. >> do they watch you when this show is on. >> not that cool for me. >> how old are they? >> 11 and 9.

>> that's okay. that's legitimate anyway. i have two headlines this is fascinating story cultural story, going story two water makers number one gm they plan to start selling electric bikes next year. not motorcycles -- no pedal but sell them next year ford buying stroik scooter company called spin. why are they doing this? >> trying to adapt to what had future will be. i hate had i was thinking about this morning, and sears popped up into my mind right -- sears did not adapt to the future technology and what consumer wanted and they died and i really think ford and other motor companies are trying to keep up with companies like tesla, and new wave technologies and i think this is their push to be like we're progressive and we are going to be here a part of the future. >> see electric bike all over the place especially los angeles i'm told and a the scooters are all over the place and they just drop them on sidewalk. >> amazing they're all likely

ther for heavens sake there's a story for you. amazon may think making people -- making a play for poem who used to shop the at toys"r"us get this they have got a catalog literally of physical paper catalog that comes to you in the mail. >> a sears catalog. hopefully -- a trend? >> this is like a throwback but i think it is a greated idea. can you imagine there's a cure code next to everything in the magazine. so as your children are sitting at the table flipping through toys before holiday season click, click, click -- it's uploaded into your -- >> okay i don't understand it. i'm reading catalog we see something i like what's about this click on a q3. >> that qr code phone click it on the code it goes up to amazon. right on your amazon middle age my wife is queen of amazon shopping. so another nine-year-old are

they click on qr whatever it is? >> they have to translate that to me and whatever that means. you don't have to wave through a website this overwhelms you you have it right in front of you if these are top picks for each of the age groups. click, click thank you very much. >> a top pixel i don't know. >> totally lost but i want -- thank you for being on the show this morning and put up with me thank you very much ladies and gentlemen. cut lost and virtually dead flat now down 21 points, mcdonald's pleas show me that 184 on mcdonald's. i think that's an all-time high. hit all time high every day this week. >> yes, it has. st that's pretty good. 184. who would have thought -- more on the the showdown between cnn jim acosta president trump called out acosta for horrible trooment to press secretary sarah huckabee sand percent sarah dad govan huckabee coming up later on this program how does he feel about acosta having

a press pass pulled. samsung showing off for a phone that unfold into's a tablet could this be in tech i'm not sure about it. is that all he got? more varney after this.

all right we opened up on downside now moved slielgtly to upside 6:points up for dow industrials and now this. google is planning a big expansion in new york city. amazon may establish its second headquarters here in the city as well. look who is here. gary shapiro he's president of ceo of the consumer technology association and wrote that big ninja future secrets of success in the new world of innovation. now you're not keen on taking a

question about goggle and amazon coming to new york city. but 50*eu78 going to ask it anyway you're in the technology field. why on earth would anybody in technology want to move to a crowded high tax metropolis like new york. >> i grew up in new york new yoi love being here but it is very high taxed and our headquarters location and crystal city, with virginia is also a finalist for amazon so we have a stake in this one of the few small business owners there. >> explain to me why bring 12,000 people to a high taxed crowded city. >> people are in new york and smart people like you are arranged here and why are you here? >> i'm old and i don't live in new york city. [laughter] anyway i'll move on because -- sensitive to the subject i'm sure. >> i love new york but i also am fighting for virginia right now. >> don't geeks understand high taxes for heaven's sake i'm not calling you a geek. >> but taxeses are so high here. we have a scorecard where we rank every state how innovation

friendly they are. new york is in second and taxes are one of the issues but they have highly educated population for broadband speeds and incredible life to live here so states do different things to get a unique strategy. >> a good answer at least they can get away with that one. now i want to talk about real stuff. yotd read your material and you say that china is unfairly hurting american technology companies. make your case in what way are they hurting? >> for many years to do business in china you have to have a partnership. you have to have a lot of ambiguous laws and rules and it is recently they've been just basically stealing extra property. now they switched they've become innovation nation they have a great strategy of their own. and they're willing to change. the issue we have is -- and other issue with china is we are facing -- a withen next 10, 20, 30 years clearly a battle between democracy and toal aaronism

between liberty and freedom and choice of access to internet freedom everything that we stapgd for as americans and europeans frankly. and china's approach is no privacy, all data can be used for ai. we have a different approach so we are going to be fighting on another level but tariffs are taxes. tariffs are not the answer and that's why -- you know, this goes back to hallly we have thousands of economists -- you've got it. you've got it but -- how else do you get leverage on china to stop them doing what they're doing? tariffs are the main reason, main way of exerting leverage. >> there's a hundred different levels 10% today 25% january one, just yesterday a publicly traded company their stock tanked because they said we have to take an earnings charts for tariffs of 5 million this is not a billion dollar company. and they're doing that and they're observing it and we're hearing score of earnings reports by one if we go to that --

you'll see stock market react very clearly as it has last week. trump got up there and started making phone call to china just to calm the stock market before the election. now, if he doesn't cut a deal or do something and pull blackness we'll face trouble with a lot of companies. >> defense secretary mattis meets with counterparts tomorrow discussing security around the pacific. the president meets with with xi surely they are moving towards some kind of accommodation and moving towards it because the president is taking a hardline. standing firm -- >> we hope so. there's a theory because no one knows what we are asking it's not public information. so the chinese can't respond and that president just wants to isolate china forever with high ever tas and that would be deadly so supply chain and deadly to a lot of american company. plus our farmers and others. performance see how it work out but i want to ask you one last one. samsung i'm sure you know they've revealed their -- folding foe is that how you describe it at the folding phone

that at the developer kerches. is that inno elevative is that the big new innovation? >> depends on foreign factor but if you want to learn more cs in jan with an amazing -- why not? [laughter] this is ces show biggest technology show in the world is annual event. biggest business event in the world 180,000 plus people 4, 00 companies are exhibiting. we have 1200 start we have like everyone knows that, so you dodge the yes. is samsung folding phone innovation to make a real difference? >> consumers determine whether it is real innovation or buy -- you have an opinion on it? >> i haven't felt it but i'll tell you and come back. [laughter] >> you want another commercial to that. i know you do. that was fun and we really appreciate you being with us. tell me again just out of interest, when is the ces conference? >> it is early january.

you can go to our website to see it but it is a business event not consumers but you have to have a legitimate business interest to there. >> can i pay to get in? >> you -- we would take you as media with over 5,000 media that come there so we would be honored to have you. >> gary shapiro it was a pleasure. thankfor being with us virtuallo change after big runoff yesterday up three point that's it. you know we love success on this program. here's one for you. a 16-year-old starts a company making low cost prosthetic limbs that young man is now 22 he's working with microsoft he wants to give 100 of these things away to people in need. he'll tell us his story a success story which we love after this. 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.

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. we have a health alert for women obesity and high blood pressure may not be only risk factors for type two diabetes. stress could play a big role in developing that disease. researchers with the american heart association say old per women who are dealing with stressful situations are twice as likely to develop type two according to the cdc more than 30 million americans suffer from diabetes. our next guest is founder and he's ceo of unlimited tomorrow. that's a company that uses 3d

precincting scamming and ai to create prosthetic devices now he's launched a crowd funding campaign to raise enough money to give away 100 prosthetic devices. here is eastern who is with us on the show this morning. eastern welcome to the program. >> thank you so much. you're starting at 14 -- to get your first. >> robotic can when i was 14 years old. i pieced together electric tubing lego as plastic support and turned my idea into reality. >> why do you do prosthetic arm why? >> i made my first hand when i was 14 and years i started advance using 3d printing and science fair where i met a small girl with 80,000 prosthetic limb simpler than what i was create for a couple of hundred or dallas and individual finger motion, open close like claw pretty much. >> that's what yours does. we go beyond that.

we have individual finger motions so someone can grab and be very dexterous and precise about what to do. we have fingernails for first time to paint. that we have ai integrated we have a tremendous amount of technology. >> what's the difference in price, you mention that 80,000 dollar arm for a young yirl some time ago. what's your price of yours? trnlg or that's a great question well really looking at children they're underserved dem graphic on this market where it is like a pair of shoes every 12 to 14 month you need a new one and this technology and scale >> and for cost -- so what's your price difference? >> under 10,000 working to reduce that further. >> now you've not got these on market yet but you propose crowd funding so you could actually -- a hundred to needy people, correct? >> absolutely. does that comply with -- >> absolutely we're in full compliant a classroom medical device at the straightforward

press and it goes back to philosophy of unlimited tomorrow. we are a buzz for people powered by people so we turn crowd fund and apprenticeship and take tens of million to large companies and turn to the crowd. earlier this year we raised through equity crowd fund chg return to we have 1200 investor accredit and credit investor with partnership to gain that 20 million dollar value. through these meaningful relationships. microsoft, the soul system. air electronics we're all of these different vertical working with hp to make brand new technology to print in a very strong and full color. >> so if i go to pun limited tomorrow i can crowd fund if i say p so wish. >> absolutely we have a campaign right now called 100 tomorrow and then go to unlimited tomorrow deck and on front page and you can help us -- donate the first 100 devices. that's a big milestone. >> unlimited tomorrow thanks for joining us. we wish you well. >> thank you. thank you we will be back dow

industrials dead flat my take on confrontation between jim acosta and president is one of the founder of cnn i have a personal interest in this one. i think acosta behavior was flat out disgraceful. we'll be back. s to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill . . se you to feel dizzy, faint,

or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters.

takes more mathan just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional,

is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. stuart: jim acosta is a disgrace to the white house press corps and a disgrace to cnn, the network that he works for. i got a personal interest in this. along with my colleague lou dobbs, i was one of the founders when cnn first went on the air in june 1980. we played it dead straight. we did not take sides. just the news. that was our mantra back then. look at them now. accost that rudely confronted the president. he interrupted him. refused to stand down. refused to surrender the microphone. he struggled with a young white house intern. it was an awful display, shameful, frankly. this is not what a white house reporter should be doing.

the function of a press conference is to ask questions, not to engage in contentious debate with president of the united states. the press should not be an opposition party but that is what it has become. a rude and unruly press corps seems to believe it is their job to bring down the trump presidency. they're clearly contemptuous of him, even though this president gives him unprecedented access. when was the last time president answered any and all questions freakily? only trump does that still they treat him with contempt. from here on out, president should insist, one respectful question at a time. no more multiple follow-ups. no more interrupting and no more arguing. when lou dobbs and i started cnn jimmy carter was president. i for one didn't care much about his policies. there was never a question treating president with respect, respect for him, a respect for

the office. a rabid white house press corps should return to civil discourse, to hard but respectful questioning. they should but they won't. journalism as a profession will continue its sorry decline. the second hour of "varney & company" continues. ♪ stuart: to the shooting in thousand oaks, california. police are giving an update. we may have identity of the shooter. let's listen in. >> last april. deputies are at the house now. they secured the residence. they are seeking a search warrant to do a thorough search of the house. the weapon used in horrific shooting was a glock 21, .45 caliber handgun. the handgun is designed to hold in california 10 rounds and one

in the chamber. this weapon did have an extended magazine on it. we do not know at this time how many rounds were actually in the weapon or how many rounds the magazine could actually hold because it is still being processed as part of the evidence. be happy to answer any questions you might have. >> motive at this point? >> we believe that is the only weapon that was used was that handgun. stuart: we have the name and age of the alleged shooter. david ian long. ashley: went by his middle name. he went by ian long. report, 28, 29 years old. they're searching he became. he reportedly drove his mother's car. we need to hear officially from authorities. we do have an identity at this point. including him, the shooter. ashley: used a 45 caliber hand

gun. would carry a 10 in the magazine, one bullet loaded. they believe he had an extender on magazine. stuart: he walked in. first person he shout was security guard. ashley: a cashier inside the establishment. there are still reports from smoke bombs and opened fire. reports he was wearing a long black trench coat, a beard, some sort of a disguise with glasses and a hood. said nothing. every -- never spoke to anyone. walked in the intention of creating mayhem and shooting people. stuart: happened overnight in thousand oaks, california. ashley: correct. stuart: thank you, ashley very much indeed. markets we have a small gain for the dow industrials. we had a huge gain yesterday. we were up 540 odd points. the nasdaq took off only come back to the tune of seven points this morning. the rally is stablizing, actually continuing for the dow. the democrats did take control of the house.

i want it know what that does to economic growth and the market. come in ed fuelner, heritage foundation founder. i also want to bring in scott martin, kingsview asset management guy on the stock market. ed, what does the house being taken over by the democrats mean for the future of the economy and economic growth? >> stuart, it means two things. but first, whenever, whenever you have me on your program the dow is up. i was very pleased to see yesterday we broke 26,000 again. as you might recall back some time ago we had debate about that, when it was going to happen. what we have to do, stuart, is educate the democrats about what is up supplied economics is about. the tax cuts do not necessarily mean reduck sun in government spending. what they can mean is more economic growth, more economic vitalization for everybody, up and down the economic scale. that is what is so important.

they don't seem to understand this at all. connell: i'm sorry. i need to go back to the news conference. i do apologize. let's listen to the sheriff. >> he was found inside an office just adjacent to the entry to the bar. >> it is our understanding sergeant helus was able to call his wife before he ran into the bar? >> sergeant helus was having a conversation with his wife on the phone as he does several times during the shift, hey, i have to go handle a call. love you. talk to you later. >> did the gunman say anything to the victims or during the shooting? >> not as far as we know at this point. he could have, but we don't know. >> any indication he may have been targeting employees of the establishment? >> there is no indication he targeted employees. we haven't found any correlation. we'll probably no more after we execute the search warrant in his house, maybe there was a motive for this particular night but at this point we have no information leading to that at

all. >> accounts from difficult witnesses what this guy was wearing. can you tell us what, what you already know, what he was wearing and his direction of travel once he walked into the bar? >> all i know about his direction of travel is he went in and he turned right and fired at the employees that were standing there. he was, my best, my best recollection from seven hours ago he was wearing a black sweater and i don't remember what color pants he was wearing. i apologize. not, not when, we went inside he was not. >> body armour? >> how long before -- [inaudible]. >> 2 1/2 minutes. we haven't confirmed whether he used a smoke bomb, but several witnesses alluded to that. >> was he a regular at the bar? >> there is no reason to believe there was anything wrong with

this -- [inaudible]. >> i mean you could say no reason to believe it i mean obviously had something going on in his head would cause him to do something like this. he obviously had some sort of issues. no [inaudible] >> no. >> [inaudible]. >> no. no. >> is he from thousand oaks? >> any particular relationship with the bar? why the particular location? no there is no connection as of yet. >> [inaudible]. >> we don't know. we knew, we know that once sergeant helus and the highway patrol officer engaged him, the shooting inside stopped. so we don't know if he wept back in the office and shot himself or how that really transpired. >> [inaudible]. >> he lives in newberry park.

>> why do you think this is happening in the united states of america and not other democracies? >> that is a pretty challenging question. i think we see unfortunate horrific actions that happen all over the world. i don't know if it happens more in the united states or doesn't. i would have to read the stats. >> it does. it does. why do you think that is? >> i don't know. if i knew the answer, i would do something to stop it. >> did you talk about the training of sergeant legallous and other law enforcement in -- [inaudible]. >> as we, as we talked about, wee hours of the morning, post-the columbine shooting how we approach active shooters is changing completely. as opposed to waiting, surrounding, bringing in s.w.a.t. team, the officers are to immediately engage to stop the target, stop the killing. that is exactly what happened here. >> can you give us -- >> there is no doubt they saved

lives by going in there and engaging the suspect. who knows, we don't -- i heard anywhere from 150 to 200 people in there. so this not by any means loss of 13 lives is good but it could have been much, much worse. >> how many people were injured in total? >> people that were in the bar? >> i don't know. >> is it your believe this was random or do you really think he was targeting even though you -- [inaudible]. >> well, i don't think it was random. you know, he is a resident of this area and i would have to make common sense would speculate there is some reason he went here. he probably knew about it. i don't think, it wasn't like he was driving down the freeway and decided i will get off here. >> do you believe he targeted any specific victims inside? >> there is nothing to lead us to believe that actually happened. >> is there commonalty for the victims? >> [inaudible].

>> it is just amazing, there were, probably six off-duty police officers in there from a couple different agencies and, i have already talked to a parent that came up and said they stood in front of my daughter. so it was amazing. it was amazing. >> how many people injured? >> [inaudible]. >> [inaudible] >> you know when, i went and spoke at a jewish synagogue after the tragedy on the east coast. what i talked to the parishioners there, and, i followed up on the rabbi, i said, we've got to do something about the hate and we've got to do something to just spread the love and, and reach out and help people and be patient with them and understand them because this will touch so many lives around

our community. >> sheriff, any indication of social media he may have been using or he was complain about something? >> there is nothing to indicate that. we are looking at his social media sites which, i'm sure all of you are also. >> did he talk to the officers there, engage with them at all? >> none of them were armed. >> [inaudible] >> well sergeant ron helus, 54-year-old, 29 year veteran of the sheriff's office, he is married with a grown son. as i said several times, he went in there to save people and, made the ultimate sacrifice. >> sheriff is there commonality with the victims with age or gender or some other demographic or even by location within the crime scene? >> no. i don't believe so.

i, once they get inside use the word random, i think that, it appears to be random inside. i don't think he was targeting people. we could, do a further investigation, it could prove to be true but doesn't appear to be that way at this point. >> [inaudible]. >> pardon me? >> do you have a clue when and where he purchased the gun? >> our partners of atf are currently in the process investigating that for us. >> [inaudible]. >> no, i don't know exactly. i believe there might have been four or five that i saw but, i'm not sure how many were in there. >> when do you plan to honor sergeant helus? >> sorry? >> what is the plan to honor sergeant helus? >> at 10:00, at 10:00 we'll move his body from loss robles hospital to medical examiner's office in he ventura and convoy

him over. >> [inaudible] >> it lost a hero. it lost a great human being. it's part of the loss, of again, of the 11 other victims that are in there. it is all part of the suffering we're all going to go through as family members and parents, brothers, sisters on this tragic, senseless loss of life. >> sheriff what is your message -- >> [inaudible] >> he was within a couple years of retiring, yes. >> can you talk about any training that deputies may have been through with [inaudible] >> we on going active shooting training with our personnel. in county we do it with our firefighters. we do medical rescue, we take our firefighters in with us. it is ongoing training we've been doing number of years. >> what can you say about the injuries? >> it is my understanding, don't hold me to this.

there is one minor gun hot injury, and there are eight injuries, mostly from cuts, diving under tables, relatively minor compared to everything else. >> what is your message to -- >> [inaudible] >> we don't know that much yet. >> sheriff were there exits? what kind of exits does the bar and grill have? >> there is fire escapes. the patrons exited out of all those. they ran out of backdoors. they broke through windows. they hid up in the attic. they hid up in the bathroom. unfortunately, people at nightclubs learned this may happen. they think about that. fortunately probably saved a lot of lives that they fled the scene so rapidly. >> [inaudible]. >> he was the victim of, yeah, he was victim of a battery in

january of 2015. it wasn't here. it wasn't at this bar. >> what bar was it? >> at a different bar. >> do you know what bar it was? >> i don't. >> it was in thousand oaks. i can't remember which bar it was. >> he drove to the bar in his mom's car, is that accurate? >> i'm not sure whose car it is. he drove to the bar in a car. i'm not sure it was registered to. >> do you know who car that is? >> yes we do. >> any other evidence in the car? >> we're obtaining a search warrant to do that we're not allowed to go in without a warrant. >> do you know how long elapsed before he opened up with gunfire? >> no i don't. >> are there any concerns with the car at this point? >> no. we put the bomb dog near it and we feel comfortable. i was standing by it. we're booed. >> [inaudible] >> we'll be here 15 or 20 hours at least. people have to identify, fbi

brought in expert evidence team. flying in people from quantico to do the scene. we'll be here a long, long time. >> [inaudible]. >> can you tell us the sex of victims? >> no. we don't have those things identified yet. >> [inaudible]. >> we have the house secured. we go in. we secure the house. we make sure everything is safe in there. then we go get, ask a judge for the search warrant to search it more thoroughly. we feel more safe it is secured right now. >> was there anyone else at the house? you made contact with [inaudible]. they indicated there was something [inaudible]. >> we had some conversations with some family members and, it would be premature to talk about that. still part of the on going investigation. >> do you plan to stay on --

[inaudible]. >> no. i no longer the sheriff but tomorrow at midnight. but i will certainly be a part with the family. >> you're retiring tomorrow? >> i am. >> what is your message to families who still have loved ones unaccounted for? >> we have a family center set up. they need to call the number. we're expediting as quick as we can. my heart goes out to the parents and family members that don't know. so contact our family help center. we will coordinate with you. as soon as we have any information it will be going right to the families. >> do you know the age range of the victims? >> i don't. >> for this to be one of our last days on the job, what is that like? >> can't be any worse. >> how is your department doing? >> they're mourning. it is sad. they're awful. ron was a great guy. he was close to everybody.

he was a hard worker. hearts are broken all over. >> he was also nearing retirement. what do you say to the fact that he didn't get there and then this happened? >> say a prayer for him and his family. >> [inaudible]. >> i don't know if it will be me. i think next thing is important to you, when we can release victims names. we will do that as soon as we can. if we can do it incrementally we'll do that, so we don't have to wait. i imagine some of the identification will take longer. candidly probably, that's going to be at least a couple hours. yeah. >> talk about the weapon one more time, what you can tell based on the weapon and what was recovered? >> the weapon, the weapon was a glock 21. .45 caliber. the weapon cast designed in california to hold a magazine of

10 rounds, one in the chamber but he had an extended magazine on it. we have no way to know how many rounds he actually had in there. >> that is illegal to have in california -- >> the extended magazine, yes. >> [inaudible]. >> correct. >> [inaudible] >> the gun was legally purchased. at least, atf is looking into details for us. >> date of purchase. >> they don't have that for us yet. they're the experts. >> did he say anything about motive? >> we have no idea. we have no idea. >> [inaudible] >> we don't know that. no, we have no idea. we don't know that. thank you, everyone. >> thank you, sheriff. >> thank you. stuart: okay. that is what happened overnight in thousand oaks, california. dreadful situation. we'll continue our program. i believe we have got ed fuelner will is it us. ed, i asked you before the press

conference, i said look, what can the democrats, what will the democrats do to impede economic growth now that they control the house? what they are going to impede it, right? >> they are going to try to, stuart and what will happen of course, all tax measures have to start in the house, in the ways and means committee. fortunately the, there is still sense left in the senate. so anything would be stopped before it got there. but stuart, what we all have to do i think is engage in an educational process going back to basics, what is up ply side economics really means. you cut taxes for average people, that means more economic growth, more economic growth means more revenue to the government. it is not a zero-sum game the way some of these democrats are talking about in the last 24 hours even. stuart: i agree with you entirely, ed, but you will not convince newly-elected democrats that run the house that supply-side econmics works.

you will never convince a democrat in this modern age cutting taxes for anybody is a good idea, ever. >> they will always book back the argument, yes we want to cut it for the middle class. of course the problem is, everybody kind of below the middle class doesn't pay any income tax anyway. stuart, we have a huge educational problem we have to get to people all over the country. that is, we've got such a great economy going so strongly right now, that, in fact i am at the moment grateful for divided government so that at least we can stop bad things from happening. stuart: so the only way to stop bad things from happening is to rely on the senate, republican-run senate? that is the only way you will stop it? >> right. and to keep raising the flag and reminding people how the economy really works. it's, we're what, 120 weeks away from the next presidential campaign. next presidential election.

that started the day after this election. and we've got to make sure people understand the difference between the two-ways forward. stuart: that's right, ed. you are founder of heritage foundation. we appreciate you being on the program always. thank you very much indeed, sir. >> thank you, stuart. stuart: check out the market. not going very far today. we're down 27 points, 26,153 is where we are. not much of a pull back after the 550-point rally we had yesterday. big tech names are all lower with the sole exception of amazon which is up 10 bucks. facebook, microsoft, alphabet, apple on the downside. look at mcdonald's, another all-time high. i think it is about 184. yes it is, $184 per share. seems like yesterday it was down to 160. 184 today. qualcomm, chipmaker obviously, weak forecast for the holiday season.

it also has a problem with a legal fight with apple. the stock is down 7%. big drop for qualcomm. oil, i'm told technically it is at a bear market. it is at $61 per barrel. there is a glut of oil on the market. florida, known for many things low taxes or no income tax or no state tax. one outgoing governor is leaving his northeastern state, he is going to florida, he will move down there for the reason of taxation. he will make his case in just a moment.

stuart: little change on the market. we're down 18 points. big tech names are almost on the downside. amazon is at 1700 level.

up 18 bucks currently. take-two interactive, interesting new game. "red dead redemption ii," they raised guidance. that is not helping the stock anymore. they had a big pop earlier in the week on that game's phenomenal sales. the stock is up 17% right there. next guest, outgoing governor of maine will move to florida for tax reasons. paul lepage, outgoing governor of maine joins us now. there is no income tax in florida, no estate tax all good, but what are the requirements to make awe resident of florida? don't you have to stay at least 180 days? >> yeah, what happens. we have a home in florida, we'll

move and become residents of florida. and, for, i still have to pay taxes in maine for this year. but next year i will be no longer paying taxes in the state of maine. i'm going to join a former governor who brought the income tax to maine, who retired to florida. i will retire with him. stuart: nice point, governor. that really is. i asked the question about residency requirements, because i know a lot of people in new york and new jersey who are eager to flee to florida but the local authorities, the new jersey authorities they come after you. they make you prove you're actually living down there. there is all kinds requirements you have to meet. is that way in the maine? >> in maines yes. in fact in maine, they will look, if you still remain primary care physician, and dentist, if you're getting any medical treatments in maine. they will come after you. if you own property in maine, they will count the days you are

there. we sold the property in maine. we moved everything to florida. officially my residency in florida but i'm still at the governor's home until the next governor kicks me out. stuart: do the people of maine think about this? you're the governor, yet you're out? >> i've been saying it, say for years. for the six years i worked in maine and lived in maine i've been trying to reduce the taxes. right now we have enormous surplus. we do not need an income tax but incoming democrats believe that they want to raise it. so i'm just, we've managed to get the income tax off military pensions but through unwilling to address retirees. therefore, call it a statement, call it what you want, i love the state of maine but i am being forced out. stuart: would you, would you have gone to florida, would you still be moving down there, if andrew gillum had become the

governor of florida? because he -- >> i already had the home. i was pretty confident that he would not win but, i'll tell you, i had a big scare this week. we were really thinking it over ng. stuart: you had any second thoughts at all about going to florida and leaving your home state? >> not really because most of my, many of my family is in florida. my son is in florida. my brother is in florida. my wife's family is in florida. so i think we're going to be closer to our family. we plan to spend our summers in maine but we are probably going to work, i'm looking to probably teach, get on a few boards, stay busy. and, we'll probably spend most of our summers in maine. stuart: sir, you will join an awful lot of people from new york, new jersey, connecticut, illinois and all countless other places. >> a lot of people from maine. awful lot of people from maine

go to florida. stuart: it is not just for the weather i'm sure of that. governor lepage, thank you very much. we appreciate it. some of us might follow you. >> my pleasure. stuart: see you real soon. go to florida, shall we. ron desantis won a very tight governor's race. there was a close senate race between rick scott and incumbent senator bill nelson. nelson has not conceited. he called for a recount. come in blaise ingoglia, florida gop chair. first of all, why were -- i asked you this before, i have to ask you again, why were these two races so, so close? >> honestly i don't know, when you look at their policies, they are so vastly different. floridians as evidenced by your previous guest love our taxes low. we're a pretty conservative state. at the end of the day we're

going to have senator scott and governor desantis and we're very happy about that. stuart: was it unpopularity of president trump's style that brought out so many democrats to oppose you republicans? >> actually i would say the opposite. it was popularity of president trump with the base accompanied by a great message of continuing success here in florida that brought out a massive amount of republicans on election day, as we had predicted here on this show. stuart: it could be that andrew gillum progressive policies are more popular than you thought? i'm the first person to dismiss socialism out of hand. i can't imagine it comes to america. the guy got a lot of votes because of his progressive policies. >> i don't think it was so much his progressive policies because one of the things he did during the primary he was pitching these very liberal, very progressive policies, as soon as he to the into the general election, those policies

evaporateed, he didn't want anybody to know evidenced by the dream defenders. he tried to distance himself from his stance on sanctuary cities. a lot of people not paying attention in the primary, if you're only paying attention to the general election, well, this guy is sort of mainstream, but he wasn't. so that was probably some of the difference but we all know that andrew gillum would have been bad for florida and we are very happy that we are going to keep this a low tax, low regulatory state. look, put it all in context, new york has about the same size, same size, amount of people of population as state of florida but we have half the budget. people move here for a reason. we will keep the reason intact for at least another four years. stuart: blaise ingoglia, thanks for being here. we appreciate it. i have two headlines from automakers. general motors plans to start selling electric bikes next year. emac, what i used to call push bikes. liz: they're motorized.

people are wondering why, why are they getting into the space? does it make them have the green credentials buffed there? here is what is really interesting, stuart, the bicycles will be connected to gm's on star division. meaning that gm could easily hoover up, vacuum up location data where you're driving its electric bike. maybe sell it to advertisers or use it, use that information in gm's own robot car unit. on -- onstar is the safety thing on the dashboard. it is interesting. stuart: at the same time, ford motor company they're buying an electric scooter company. not much of a difference. why are they doing that? ashley: no. they want to keep up with the future, stuart. it is called spin, based in san francisco. they operate -- basically the business model is, buy the scooter from some chinese

manufacturer, anywhere 3 to $500, rent them out to people, one dollar, $1.15 a minute. you see them all over san francisco. they're popular in l.a. they have another brand. you see the electric scooters flying around town. ford wants to get in on the action. they're in 32 markets. ford says by next year-and-a-half they want to be in over 100 cities. get used to seeing electric scooters fly around. when you drop them off on the street. stuart: that is the wave of the future. i do see them all over new york, the push bikes, electrified. they're all over the place. ashley: yeah. stuart: check the big board. it is a very narrow loss at this point, i keep reminding everyone we were up 550 points. one hour into the trading session we're down a mere eight points. oil itself entered bear market territory. it is down to $61 per barrel. gas keeps falling.

national average 2.73. down for 29 days in a row. now this. fiery scene at the white house yesterday. cnn jim acosta getting white house credentials pulled until further notice. i say the man is a disgrace to the press corps and cnn i imagine mike huckabee, sarah huckabee sanders's dad, might agree with me. i will get his view on this in a moment. >> no next hour, two heavy hitters on the show. mercedes schlapp, white house spokesperson, fox news's bret baier. both of them on "varney." more after this. ♪

♪ ashley: in the last hour market watcher greg valliere told us, president trump, he may have to compromise with democrats controlling the house. take a listen. >> i have heard the argument, stuart, but i think that it would be pretty reckless for the democrats to invite a shutdown. i think that again the veto power of the president would be in play. i would note though, that in that extraordinary press conference yesterday the president indicated he might look attacks hike on the wealthy in exchange for a tax cut for

the middle class. "the wall street journal" editorial page talks about that this morning. i think that is really curious, something most republicans would not favor. ♪

stuart: at white house the flag was lowered to half-staff in

honor of victims of the shooting in california. back to my editorial at top of the hour. president trump held a postelection press conference he got into it with cnn's jim acosta. roll tape. >> honestly i think you should let me run the country. you run cnn if you did it well. >> mr. question. >> that is enough. >> one -- >> that's enough. >> pardon, me ma'am. >> that's enough. >> i have one other question if i may ask on the russia investigation. are you concerned that you may have -- >> i'm not concerned about anything with this investigation because it's a hoax. that's enough. put down the mic. >> mr. president, are you worried about indictments coming down in the investigation? [shouting questions] >> mr. president. >> cnn should be ashamed of itself having working for them. you are a rude terrible person. you shouldn't be working for cnn. go ahead. >> i think that -- >> you're very rude person, the way you treat sarah huckabee is

horrible. the way you treat other people are horrible. you shouldn't treat people that way. just sit down please. >> [inaudible]. >> when you, when you report fake news, no. when you report fake news, which cnn does a lot, you are the enemy of the people. go ahead. stuart: the president is right. acosta is 100% wrong and disgrace. his press credentials have been taken away from him. cnn released statement. this unprecedented decision is threat to the democracy and the country deserves better. jim acosta has our full support. oh dear. joining us former arkansas governor mike huckabee. you're smiling governor, i'm fit to be tied. i am a founder of cnn i was first person to broadcast for cnn from new york in 1980. to see them descend this kind of nonsense really offend me, but i'm saying everything in your place. you go right ahead, sir. >> couldn't agree more, stu.

i think the sad thing, cnn and white house correspondents' association acts like this is threat to the first amendment. the threat to the first amendment, an to a free press is when the press acts irresponsibly and they act like bullies. that is what jim is acosta did yesterday. there is a certain level decorum and v. peck with a white house reporter. the reporters shouldn't circle the wagons around jim acosta. they ought to be forming a firing squad, telling him you are shaming us as a profession. you're making us all look bad, because he is. he is selfish, childish, petulent bore. what he did to that young lady yesterday was inexcusable. he owes the president and that young lady an apology. i think the president was exactly in his place. i want to remind you, the tape didn't go all the way back, when he started he didn't ask a question. he made an assertion. he challenged the president.

if he wants to debate the president, he can get his butt on the ballot in 2020 and run against donald trump. then he can debate him all day. he can make assertions. do you want to journalist or do you want to be a politician. make your choice, pick your poison of the get after it. he didn't do that. stuart: i think the white house press people should lay down the law. one question at a time. none of these long-winded follow-ups. no statements, questions only. and don't interrupt the president of the united states. i think that is what, lay the law down. why not? >> well, they should do that. and it ought to be very clear that there is a certain protocol. you can ask anything you want but here's the problem some of these press guys don't get, they're so arrogant. they're free to ask their question. they're not free to determine what the answer is going to be. the president of the united states like anyone has a right to give an ends whether they like it or not, that is the answer that they get. this isn't, you know, going to

golden corral at buffet, picking out what you like, you get to ask your question. that is a free press. but the president is free to say, either no comment, this is not a president whoever says that. but he can give the answer he wants and that is the end of it. when he says, thank you, thank you, i'm done with you, then respect he is now finished his answer. he is going to move on to someone else, let on of where you colleagues have a chance. jim acosta would hog the entire news conference, if the president, some cases my daughter would allow him to do so and they won't. stuart: our best respects to your daughter who we indeed respect, governor. thank you very much for coming on the show today. >> thank you. stuart: we're in 100% agreement. >> thank you, stu. stuart: thank you, sir. here is a change of subject. check pot stocks. they rallied yesterday after jeff sessions resigned as attorney general. they're down a bit today, but they certainly took off late

yesterday afternoon. crocs, they make those kind of rubber plastic sandals i'm not sure what the material is, the script says rubber sandals, i take their word for it, the stock at seven-year high after strong earnings report. it is up 30%. there is crocs for you. we have something more, emac. liz: i'm doing the wells fargo store coming up. ashley: you can do that too. stuart: wells fargo said is accidentally foreclosed on more than 500 homeowners. tell us about that.that. liz: more than they previously reported. 400 individuals were wrongfully foreclosed on, homes taken away from them in new sec filing, wells fargo says you know what? we're wrong. it was 545 homes erroneously closed due to software glitch, 2010, 2015. sidebar. maxine waters named wells fargo one of the financial

institutions she is going to take a look at as incoming chair of house financial services. wells fargo, stuart, already paid a billion dollars in fines for various issues and scandals since 2016. here we go again. stuart: that stock has not recovered. often when a stock gets hit a company gets hit by nasty scandal, the stock goes down. they fix the problem. stock goes back up. in this case no. >> no. stuart: maxine waters may have something to do with that lack of recovery. liz: right. stuart: big tech looking to set up shop in new york city. not sure i understand this. google alone adding space for 12,000 workers in high-taxed, crowded new york city? why are they doing that? well we're answer the question shortlyti. we are a different kind of financial company.

we are athene, and we are driven to do more. 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. if you can't afford your medication, each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group.

we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. 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.

- it really has dramatic effects, not only on the athlete, but the average individual that's just trying to get through the day. you just feel better, you feel more alert and you have more energy. - it's not the type of energy that you feel great for about 30 minutes and then you take a nose dive. i mean, this is sustained energy that gets you through the rest of your day. - [narrator] you would have to eat over 90 fresh beets to get the functional benefits found in one canister of superbeets. - [narrator] call now to find out how you can get a 30-day supply of superbeets free with your first order.

call the number on your screen now to take advantage of this limited-time offer. - what you've just put in your body is actually going to help you sitting at your desk for eight hours. it's this long-lasting battery life. - [narrator] for a free 30-day supply of superbeets with your first order, call the number on your screen. that's the number on your screen now. stuart: roku, make streaming boxes. hook them up to the tv. watch netflix. forecasting a loss for the holiday quarter. when you do that, your loss goes down. roku's stock is down 17%. big hit. google, getting ready for expansion in new york city, adding space for up to 12,000 workers. amazon, they may choose new york city as one of its second headquarters buildings.

i want to know why the tech companies are moving to new york. what is with that? jeremy owens, market watch san francisco bureau chief. i will ask him. why on earth would highly-paid technology people, executives and workers, why on earth would you move to new york city? >> well, i don't know if they're moving to new york city. there is lots of talent in new york city. these tech companies are looking for tech talent wherever they can get it. it is not just new york. they're opening offices in austin, texas, chicago, minneapolis-st. paul. they are looking for all those people. they're are people in silicon valley, seattle, moving to new york. they left the valley, moved to new york to stay with the companies they were already at. stuart: tax is very similar. california is very high-taxed state. new york city is very high-taxed city. not exactly a tradeoff. just exactly the same thing. that is about right, isn't it? >> right.

right. 10, 15 years ago, my goodness new york is highly taxed, silicon valley, seattle, they have a lot of taxes as well. new york is desperate. you remember the silicon alley push, 10, 15 years ago, not just seen as media city, not just bringing other industries high-tech there. new york tried hard to bring the companies there. stuart: we talk to you about tesla. we'll do that today. they have named robin denham, as the company's new chair. will replace the ceo. replace elon musk that is. is she the new adult in the room who will control elon musk, set him straight? >> no. if she was, she would have been doing it for the past four years, while she has been on the tesla board. the tesla board is rubberstamp for elon musk, anything he wants to do. having not told him when he is out of bounds. did not stop him from making funding secured tweet. allowed him to do what he want

too do. the sec settlement was met to put adults in the room to put a check on elon musk. this move does not do it. he still has to add two more independent board members. we'll see who they choose. this move does not give me any confidence looking for strong, independent board members on a check of a chief executive who had his issues. stuart: you have to say, so what. all the problems elon musk brought to the company in the last few months, the stock is still 353 as of this morning. so it is like a teflon stock. nothing that happens with tesla moves that stock down, not down, seriously down, to stay down. that is the way it is, isn't it? >> well, yeah, it's a cult stock at this. people bought into tesla are in it for mission and elon and all of this stuff. >> so it is not really affected by much, right? stuart: but it will be successful. it is a successful company, at this point, isn't it? otherwise the stock wouldn't be

at 353? >> well it wouldn't be at 353 if they hadn't shown a profit last quarter. they will show a profit next quarter the next quarter, the next quarter. that is not guaranteed yet. so, if they do, yes, then we're going to see it. people are betting that they will. we're going to have to see. they promised it before. they haven't come through. we'll see this time. stuart: jeremy owens. thanks anytime, stew. thanks so much. president trump's fiery news conference was followed by nancy pelosi who had a press conference of her own. she made it clear the democrats plan to investigate anything and everything. i think this is how it is going to go for the next two years. my take on that, top of the hour, coming up.

stuart: today is day two of the next two years of trump presidency. that press conference on day one was taste of things to come. this is how it is going to be for the next two years.

ugly confrontation. trump takes on the media. trump takes on democrats and members of the gop not with him. they're working together to bring the president down. that is what they're doing here. as soon as white house news conference was over, speaker in waiting nancy pelosi held one of her own. it is very clear the democrats will investigate anything and everything. quote, we have a responsibility to exercise our oversight role. that is how she put it. that means, attack, disrupt, delay, resist, eventually try to impeach. soon after miss pelosi's news conference the forced resignation of jeff sessions was announced. his replacement, mark whitaker has a potential to rein in the mueller probe. counter attack. this marks the beginning of the 2020 campaign. whom so ever the democrat candidate it will be demonize

president trump. for two years they will dig for dirt. for two years the president will fight back. if you think it is contentious now. just wait. the third hour of "varney & company" is about to begin. ♪ stuart: later this hour we'll get reaction from my editorial, white house director of strategic communications mercedes schlapp, fox news "special report" host bret baier. check the big board. flat to slightly higher. we're on pace for the best week for the dow since late winter. our next guest says, gridlock in d.c. is normally good for the market. but he says the next two years will be far uglier than most. that means gridlock is not that good. dennis gartman, editor, publisher of "the gartman letter." he joins us now. dennis, make your case, because the next two years will indeed

be thoroughly ugly it is not good for the market. >> it is really not good. in the past gridlock, i was one of the few people 15 years ago argued in favor because and other gridlocked congresses and presidents could do no damage to me and i thought that was always beneficial. don't be conservative government that got her a little.net more often than not when they do things they do things wrong. i've been a proponent of gridlock and applauded it. this time given the anger, the dissension, the determination on both sides to demonize the other, i'm afraid gridlock is going to be uncommonly and unprecedentedly ugly and for the first time i actually would say, gridlock in baghdad. >> is ugliness translated into a cap on the stock market? >> i think other things are putting a cap on the stock market. after the rally we've had which were a technician's perspective

got back 50% of the break we've gone through and the volume that was coming in on the downside was demonstrably stronger in the volume on the upside which tends to take you. the problem the stock market has to deal with is the fact that the fuel that is sponsored to strong stock market and the strong economy growing monetary policy advances in the adjusted monetary base. i feel has been taken away. we've not had back to inspire economic growth and strong stocks since late 15. the feel has been taken away and that will be the precursor to a think it will be weaker, and no but demonstrably show. stuart: i am going to bring it up for a second. am i right in saying they are taking money off the table as they liquidate. i'm not quite sure the correct expression here appeared trillions of dollars on the books as they liquidate that

come and get it down. as i take money out of the economy? >> yes, it does. i was talking about the adjusted monetary base which is substantively different holdings and treasury security. that is what happens they have been liquidated. notice taken money out of the system. the foot is at the gas and they don't think they're going to go much higher and the next year or so appeared >> a year for nelly to be 5% to 10% lower in the odds of us to be 1% 2% higher are limited.

stuart: but is the date today? november the eighth. dennis garman, november 8, 11:04 a.m. eastern time, 5% to 10% lower in one years time. slim and none. can i sum it up like that? >> yeah come you can fill it up like that, but that will come back to haunt me, no question. sure into buddy think videotape is for for heaven sake. we appreciate you being with us. thanks a lot. the booming trump economy is obviously good for business. the obvious question is will the democrats kill the momentum of that domain economy now that they control the house. joining us, tim phillips, president for americans for prosperity. he worried about this? >> im. the later bought themselves down in playing partisan politics. this clearly already said they don't like the tax cuts they want to start nibbling away. they are smart enough, pellucid is a smart, shrewd person to not

do a full all-out assault. you do worry they will do some motivated tinkering there. the good news is the senate are philosophically better. even republicans are better now. trade to the crunch comes shortly from the budget negotiations because democrats are going to say you've got a raise taxes on business and we can spend more money on health care. that's the crunch time, isn't it? >> the overspending one area they filed miserably on all the way back to the bush administration is getting government under control. i respect the fact ever department i want 5% cut. good for him. i'm not going to sign one of these bills. we will back him up on that. he's got some capital certainly with the republican voters who back candidates out there.

>> there'll be government shutdowns. >> perhaps. if anyone's position to whether something like that, americans are fed up with the cronyism and corruption in spending is part and parcel to that. no one is suggesting a shutdown. the obama years republicans have the house and you have the sequestration for two years in a row that actually froze domestic discretionary spending. they might most of the cuts are for the military. >> in the study across the board. stuart: is possible to have an agreement between nancy pelosi and president trump to cuts in government spending. >> the next time i'm on all show you the numbers that defied government in the last 25 years spending has risen more slowly

than in united government for either party. i know it sounds crazy it's true in the numbers on that. trade to a living. >> were going to say on it because we have to. stuart: thank you for joining us. appreciate it. cord cutting, and you know it's really accelerating? a report shows 1 million people got rid of cable or satellite tv in the last three months. that is the biggest quarterly loss ever. we've got cable stocks on the screen. most of them are down. look at streaming companies. they're likely to benefit from this cord cutting trend. they party benefited their stocks are down for the reasons this morning. a million people gone. that's a lot of people. look at them go. general motors will start selling bikes next year. for despite an electric scooter, not helping either of them. google planning a big expansion in new york city making room for

12,000 employees. in new york city google is down but not for that reason. disney reports "after the bell" today a disney is going up and up. now it is 116, 117 per share. reports "after the bell." cnn defending jim acosta after the white house revoke his press pass last night following his exchange with president trump of the news conference. coming up, that white house for a response. mercedes shellac joins us for a response. also talking about the president's agenda. the democrats store the growth policy. bret baier covered it all for us. yet along night yet along night but he said this today. we are up 35 points on the dow. later we are joined by veteran market watcher david left of its say in the october selloff is over, it's done and now he says that the time to buy. we will be back.

making my dreams a reality

takes more than just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org.

train to update this developing story. justice ruth ritter ginsburg has been hospitalized or she fractured three ribs after taking a fall in her office last night pitch initially went home, decided to go to the hospital after experiencing some discomfort. she was admitted for observation and treatment. ginsburg is 85 years old. cnn defending david costa after he revoked his press pass last night. this is all about the confrontation with president trump yesterday. roll tape. >> honestly, i think you should let me run the country. you run cnn aired if you did it well, your ratings -- >> that's enough. that's enough. >> mr. president -- i may ask on the russian investigation are

you concerned -- >> i'm not concerned about anything because it's a hoax. that's enough. put on the mic. >> mr. president, are you worried about indictments coming down? mr. president -- >> that tell you what, cnn should be ashamed of itself having you working for them. you are a rude, terrible person. you shouldn't be working for cnn. go ahead. you're a very rude person. the way you treat sarah huckabee is horrible. the way you treat other people are horrible. you shouldn't treat people that way. just sit down, please. when you report fake news, no. when you report fake news which cnn does a lot coming you are the enemy of the people. go ahead. >> the white house released a statement. the fact that cnn is proud of their employee behaved in not only disgusting it is an example of their operators disregard for

everyone the hard pass of the reporter involved until further notice. joining us now, white house direct her of strategic communications mercedes schlapp. cnn says this is an attack on democracy. your response, please. >> that's just averages. this is a president who supports freedom of the press. he held for an hour and a half answering 68 questions from 35 reporters. he's given more access than any other president despite the fact there were some reporters who are incredibly hostile towards the president to have been vocal, incredibly critical of this president without the objective.

your response to the doctored video that was shared by sarah huckabee sanders. response please. did he place his hand on the white house staff were dating now. the video clearly shows that he did. response right there. i want to talk to you about jeff sessions resignation. some on the left who are saying that the new acting attorney general, mackie whittaker has the power to restrict the mueller probe and he might actually do that. your response to it. >> look, it is an enormous job. and lay the law enforcement agencies including the fbi matt

whittaker is being briefed on a variety of these topics including the mueller investigation that's a very small part of what the department of justice is doing. >> okay. but the democrats in control of the house. they could restrict the growth agenda. that's got to worry you. >> i would say have to channel my internal larry kudlow where he has said he wants to talk about pushing forward a growth economy. we've seen it work, which is that a tax cut and tax reform we've seen the positive impact of deregulation. when you're lucky not all the economic indicators, we are in a strong position were talking about the lowest unemployment that we've seen since 1969.

the job creation of 4 million jobs in the fact that you're seeing wages increase. it's a positive story to tell and i think the democrats will make a major mistake if they start moving in the direction of saying we need tax increases, which of course would be very damaging towards our growing economics -- economy. the key for the president here is he's going to want to work and negotiate with democrats. are they going to come to the table and in the past they have not. >> i do want to get back to this video for a moment. why did the white house share it? >> well, i think it's important to show that jim acosta did place his hands on the cement. she was young, shaken up by what he did. what we are seeing is bad behavior that cannot be tolerated. in fact, several reporters have shared viewpoints about jim acosta where he's been so disrespectful that other

reporters don't have a chance. that behavior is not going to be tolerated. stuart: but it was doctored. >> the video really shows he placed his hand and refuse up the microphone. that's not going to be tolerated. stuart: mercedes, we got it. thanks for joining us this morning. back to your money. 11:19. this is where we check bitcoin pier $6400 acclaim. this is very checked the price of gold $1200 an ounce. been there forever. check the price of oil. that's been coming down a lot at $61 a barrel this morning. that is why the price of gas keeps on coming down. $2.73 a gallon is your national average that is down 29 days in a row. and now the democrats have controlled the house, what about the president's foreign policy agenda? can they derail that? adam kissinger in the house foreign affairs committee is going to join us shortly.

with attorney general jeff sessions out is legalized, that would be recreational marijuana coming in. remember, he was one of the biggest roadblocks to recreational marijuana. coming up we'll talk to the head of cow leave a comment for number one cannabis dispensary in the nation. that is according to business insider. the markets right now actually 36-point gain for the dow. 26,215. 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: boeing issued a safety warning about 737 max jacquard a problem with a sensor could cause the plane to dive aggressively during flight. tesla's new chair, and robin kanady taking the top spot. top executive at telecom company. forced to step down for three years as part of the settlement with the sec. releasing a new toy catalog and printed catalog. the retailers in a big battle to attract people use to shop at

toys "r" us. marne amazon. an update on a search for a second headquarter. sources say it will be in the d.c. area. amazon reportedly expected to get some large-scale government contracts and wants to be near nation's top decision-makers. early this week "wall street journal" reported amazon is going to split second headquarter his between crystal city, maryland and long island city new york. calibra brings the number one cannabis dispensary in the nation by business insider. they are up next. they say jeff sessions resignation builds momentum towards legalizing marijuana. of course they want that. it would be good for business. the 2020 presidential campaign has begun. i want to know if the president will change its strategy after the midterm results. "the wall street journal" with trump to point out. we'll be joined by wealth advisor david lefkowitz.

since the democrats now control the house the president may work on policies that don't require house approval like trade. so what does that mean for your 401(k)? he's next. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know

that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering seven things every medicare supplement should have. it's yours free just for calling the number on your screen. and when you call, a knowledgeable licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free and there's no obligation. you see, medicare covers only about 80 percent of your part b medical expenses, the rest is up to you. that's why so many people purchase medicare supplement insurance plans, like those offered by humana. they're designed to help you save money and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or co-payments for doctor visits, hospital stays, emergency care and more. you can keep the doctors you have now, ones you know and trust, with no referrals needed. plus you can get medical care anywhere in the country, even when you're travelling. with humana, you get

a competitive monthly premium and personalized service from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money. so how do you find the plan that's right for you, one that fits your needs and your budget? call humana now at the number on your screen for this free guide. it's just one of the ways that humana is making healthcare simpler. and when you call, a knowledgeable licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free and there's no obligation. you know medicare won't cover all your medical costs, so call now and see why a medicare supplement plan from a company like humana, just might be the answer.

stuart: the dow was up another 22 right now. that means we're 26,200, again at just a fraction right now. same story on the s&p down .15%. that's not much of a loss but it's a slight loss. with all that tech companies on board. data 31%. a bigger loss they are than dour s&p. big tech, all of them with the exception of amazon, all of them down. amazon up 14 points at $17.71. clearly the market is soared since president trump took office that the democrats control the house. will that put a cap on the stock markets rallied. who knows better than david lefkowitz at ubs wealth management. i trust you do know the answer to the question.

will they cap the market rally? >> i think what we're looking at here is largely a status quo when it comes to economic policy. the big change we saw under this administration was the tax reform package. that was the only thing that the markets really looking for from the congress. they got back. most of that is coming out of the executive branch. that is really change things. the banks i think you'll continue to see further due regulation out of the fed also. turn into even maxine waters chairing the financial services committee. >> look, the rhetoric may change but who has control in the levers of power is the executive branch and the fed. stuart: can the house democrats reverse any good things we've done with the economy like tax cuts, deregulation. but the reverse any other? >> i don't see unless republicans agree to that there's no way democrats can get policies in place at this point.

stuart: you're fairly bullish going into next year. >> the important point is the bull market is intact. very strong business confidence. the survey of business owners. and they are very confident in terms of the outlook. what's going on inflation is moved up a little bit. better looking pretty attractive. that looks pretty encouraging. >> 18 midterm elections since 1946. after each of those midterm elections, the market has gone up a lot by an average of 17%. you think we can get 17% out of this market in the next year? >> that's not our view, but i do think it positive. one other thing you get from an election is a certainty. they understand what the alignment is in washington and

what's likely and that provides a positive backdrop. stuart: i don't think the democrats in the democrats in the house insert by not the republicans could interfere with resident trumps trade negotiations with china. if we got a deal with china, i take it that's real good for markets. >> to be very positive. one thing that sparked a selloff in october about fears of escalating trade wars. conference calls from corporate america. if we got a resolution of that, that would be extremely good. stuart: this is your first appearance on the show. >> it is comes to her. trent do you speak in plain english. >> appreciate that. stuart: thank you for joining us. let's get to stray politics shall we. dan hemminger's headline today in "the wall street journal." trump to point out begins. dan hemminger is with us.

you think there's going to be a new style trump starting now? >> does there need to be a new style trump and the second big question is how is he going to win in 2020 because the presidential election starts right now. dialback to 2016. how did donald trump the presidency by winning the electoral college vote. he lost the popular vote and he did so by targeting voters in pennsylvania, wisconsin and michigan. in the midterms, all three of those states went decisively blue. republican governors in wisconsin and michigan laws. the electoral college vote you're going to need florida and texas. politics are basically those of bernie sanders suggesting to me

a florida is in play and did lose 38 electoral votes in texas but a work kerry dallas and houston suggesting taxpayers might well be in play, too. stuart:'s unfavorable rating has said since july of 2017 and 55% almost in a straight line presumably has to expand beyond 2016 and that includes suburban voters who turned against the republicans in the midterm elections. i think he has to adjust to the hopes to win. stuart: jamin adjust his style. the confrontation with nancy pelosi. defendants going to change all that? >> i do not think is going to change all that and the incredible irony is this would be such a simple solution to bringing more of these suburban voters and because a lot of republicans like his policy at

the economy as we were just discussing. what he did on the judiciary and the supreme court. the problem is the presidential persona which was on display again in the so-called press conference yesterday and that's what annoys people. stuart: unless he changes and becomes trump to point out he's got a real hard time in 2020. >> i think it's an uphill climb because otherwise he's just holding onto the minority base in terms of numbers of votes and is just difficult to see how you get to an electoral college majority without polling in florida, texas and the three states he won in 2016. >> i didn't think they were supposed to be any math on this program. >> paint by numbers. thank you very much indeed. would like to point out to our viewers that the market has turned north up nicely about 50 i'd point climbing quite slowly, but up if you do nonetheless. 26,200 is where we are.

jeff sessions for style. that could be good news for the marijuana industry. sessions is a big critic of pot. our next guest is the ceo of the premium cannabis brand in california. he says session's resignation builds momentum towards full legalization. go leave a comment name of the company come ceo dennis o'malley joins us now. you're the top dispensary as opposed to the brain of cannabis brand of cannabis. is that correct, sir? >> we sure do appear one of the largest vertically integrated in california that happens to be the largest market of cannabis in the world. stuart: what you want to see presumably as for marijuana to be reclassified, no longer cause one drug along with heroin and. you wanted to be a class to drug somethings can finance your business. that's what you looking towards. >> it's not just us. the latest gallup poll 66% of u.s. consumers are demanding a natural health and wellness

option and looking to legalize cannabis. it's not just caliva. the medical professionals who want to be able to research the medicinal benefits of cannabis to help out cancer, to help out epilepsy, to help people reduce pain and sleep and anxiety and to do so in a very natural, non-addict is, non-synthetic way. it is really a watershed moment for a country that is tumors have spoken because it's not just pro-cannabis. it's anti-opioid. stuart: i agree with your polls that seems to be popular, but what about president trump? do you think he wants to decriminalize marijuana on a national basis? >> i think would any new attorney general and president trump will continue to prioritize is an anti-opiate agenda and illegal drug agenda. we fully support both of those platforms. if you look at the emphasis on states rights and for state tubulin to choose what the

legality of cannabis is an tubule to reduce the banking restrictions across cannabis, you're talking about millions of jobs across the country and you're talking about billions in tax revenues that can happen by enabling legalization of cannabis. stuart: and it would give a huge business to your business, would it not? a huge boost, wouldn't it? >> it absolutely would. we would be front and center about continuing to be the most trusted brand of cannabis for sure. stuart: welcome to the program. we hope to see you again soon. thank you very much. some individual stocks that are moving. check general electric, relatively flat. i don't think it is a 9.5 year low yesterday. i've seen that done $8 a share. $9.22 right now. activision blizzard. the videogame maker.

they report after the market closes today. down 3.5%. another videogame maker take two interactive has raised their guidance for the year. they had blockbuster sales of the new game red, dead redemption to the pop.net news down a bit today, down $4 at $1.21. profits of the soda company including dr pepper at 3%. mcdonald's. another new high now $185 per share. how about that. >> will take the fries everyday. stuart: i'll take a milkshake. i said at the top of the hour, day two of the next two years of the term presidency follows a contentious marathon news conference yesterday where the president took on the media, democrats can even members of his own party. bret baier is next year to stay with us. more "varney" in a moment. hi, i'm joan lunden with a place for mom,

the nation's largest senior-living referral service. for the past five years, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters, exercise rooms and swimming pools, public cafes, bars, and bistros, even pet-care services. and nobody understands your options like the advisers at a place for mom. these are local, expert advisers that will partner with you

to find the perfect place and determine the right level of care, whether that's just a helping hand or full-time memory care. best of all, it's a free service. there is never any cost to you. senior living has never been better, and there's never been an easier way to get great advice. call today. a place for mom -- you know your family, we know senior living. together we'll make the right choice. ashley: authorities have identified the two shooters as 28-year-old ian david long accused of killing 12 people at thousand oaks california, 30 miles west of los angeles. authorities say long as 45 caliber handgun that has an extended magazine before apparently taking his own life.

among the victims a sheriff's deputy, sergeant bret baier who plan to retire next year. along is a marine veteran and they've also got his home in april where he was reportedly behaving irrationally and angrily, but he was not sustained at that time. they are now searching the suspect's home for possible clues. we'll continue to follow this story. more "varney" right after this. welcome to the place where people go 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.

stuart: the press conference yesterday we saw president trump unleashed. he took on the media, democrats and even some members of his own party. bret baier is with us, host a special report. i don't think this is going to change. hostility between the president and media will continue the next two years. when you say? >> i think you're probably right unfortunately. i covered the white house and i've talked to a lot of people who covered the white house. we haven't seen anything quite like that. there is something about being aggressive in questioning and pointed and accord and not job. president trump has his own definition of decorum as a president, but as decorum for a correspondent covering the white house, i think you're right. i think were going to see more of that and it will be

interesting to see this has been a president that's very accessible and answers a lot of questions, more than most. maybe not in a formal press conference, but is taking questions all the time and we'll see if the access continues. stuart: i find those press conferences really interest them. a lot of ground is covered in what worries me is that kind of rancor and anger turns people off. i would hate to see people turning away from an formative press conferences. i do believe that's what's going to happen. >> i hope not. i agree with you. the key part is to get the information out and to be able to ask questions. there is a lot of information. he also doesn't have a filter and he says things kind of plainspoken in his answers. but it creates a lot of news on a whole bunch of topics. so hopefully that going to continue.

stuart: democrats control the house. will they hold up the president's agenda on all fronts, not just the economy and deregulation, but all friends. is this resisted the last agree? >> i think you'll see a lot of investigations and aggressiveness out of the box. the question will come whether that decision to investigate or to legislate will be nancy pelosi's decision. something tells me she's going to use both as negotiating tools with the president. we will lay off this if you move forward on infrastructure. this is the president i think in this scare some conservatives, stuart, someone who would give on some things that perhaps conservatives really don't want across the finish line. >> is a transactional president. he does deals. he doesn't rely upon ideology to take positions. use transactional. that implies he could do deals with nancy pelosi.

it would seem unusual and unlikely given the history of the two but they're both in the business of getting something done and making deals for their own purposes. something could come out of this. >> if you ask most people in the poll whether they want and they washington to work and negotiate and be with both sides. conservatives on capitol hill, there is a little concerned that everyone has forgotten about the deficit and debt and an infrastructure bill that is super expensive suddenly puts us in a tougher place. republicans are to blame for that however, too, where we are enough ram. stuart: i hope you've gotten some sleep in the last 36 hours. thanks for joining us today. we do appreciate it. sure thing. but in the bottom right-hand corner of the screen. up 75 points. that is worth noting.

5:40 yesterday, 75 at this moment. not bad. home builders on the screen. the fixed mortgage will hit a seven-year high. for .9% of the downs died. roh cooed down big after it forecast a loss for the holiday season. the sandals. seven-year high strong earnings. democrats control the house. will they try and stifle the president's foreign policy agenda. can they do that? can they actually do it? house foreign affairs member, congressman adam kander is next. i am a family man.

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

we're working to make things simple, easy and awesome.

yeah, i've had some prettyeer. prestigious jobs over the years. news producer, executive transport manager, and a beverage distribution supervisor. now i'm a director at a security software firm. wow, you've been at it a long time. thing is, i like working. what if my retirement plan is i don't want to retire? then let's not create a retirement plan. let's create a plan for what's next. i like that. get a plan that's right for you. td ameritrade. ♪ stuart: is that democrats won control of the house are next guest is member the house foreign affairs committee. adam kinzinger. have the same in terms of the democrats having a lot of controller input on domestic policy the economy deregulation.

i'm not sure whether they got much input on foreign policy. could they rein in mr. trump's foreign policy in the house? >> you're right. they don't have a lot of control. but i believe under president obama the power that they have. what they can do is have a lot of hearings. they can make a lot of noise and funding. they don't like afghanistan anymore and any more indicative as to cut off funding for that. they can make a life of the administration pretty and some of that. they do hearing centered on the budget side. stuart: the wall is part of immigration policy that they could cut off funding for the wall, could make? >> yeah, they could. this is a disappointment i have the summer. many in their own party and

freedom caucus didn't end up backing the bill we wanted to pass and future congresses have to do it because there were some other things that would have been suspended have they withheld funds for the wall. we don't have the mechanism in place. over the next couple months it will be a fight or a mime doc to see if he can get this done. i certainly hope we can. but there is no doubt when we have the house now. not a lot we can proactively do, which is going to be an imposition that were elected in 2010 and came into the maturity to see how this operates. stuart: democrats running the house won't have that much input in foreign policy. there will be a ton of investigations and hearings on the rest of it. what about not control, but input to the domestic policy, specifically tax cuts and deregulation. could they hold up the economic boom that we've got in progress now? >> of course they could. part of the reason we have an

economic boom is because we did a lot of good proactive things in congress and deregulation from a congressional have to actually attacking the opioid crisis, to the tax-cut bill and that was the actions of the administration that has led to an economy on fire. they can certainly hold back progress despite the fact a lot of them want to raise taxes on millions and millions of americans. by stopping deregulation can have a psychological effect on the economy. the economy is reflective of people's mental state and whether they feel confident in the economy or interactions. it will be interesting to see you. still a great position we have by having the presidency is still a fantastic thing. it's not as fun as the last for years. they're in charge of the house and they haven't had any idea that i've seen in the last few

years. stuart: they're going to investigate if the lawsuit. that's just an opinion. adam kinzinger, thank you for joining us. appreciate it. more "varney" after this.

sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ . . .

stuart: earlier we said amazons was considering crystal city, maryland as location for second headquarters. of course we know, crystal city is in virginia. americans who wrote that script made the mistake. >> testing us. stuart: not moi. my mistake. my mistake. most exciting story of the day, most interesting in my opinion, electric bikes. >> i love the electric bikes and the scooters. stuart: just wait they're all over california. there is a lot of them in new york city. they will be everywhere. liz: we'll get you one. ashley: terrorizing the sidewalks. stuart: they will be in crystal city, virginia, before you know

where they're going. liz: do you want one for christmas? stuart: no. i tried to ride a bike the other day. i will never do that again. liz: you would look like ya-zoo from the plenty -- from "the flinstones." neil: they have a limo version. thank you very, very much, stuart. which have a lot to go on here, chasing down all the candidates who want jeff sessions' job or being considered for jeff sessions' job. blake burman at the white house what could be a parade of possibilities. sir? reporter: hi, there, neil, i was told a little while ago from the source at the white house that there is no rush, no timeline, president feels to fill this position. we're already seeing some folks come in their way into the